Almost everyone wants to do something with their own efforts. But I see that most people are trying to get somewhere with lies and fraud. I hope your path will be one of honesty and integrity. We will meet on that road. #Binance #USDT #ElonMuskTalks

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Greetings again. Now wait, but in the shortest decline, buy as much as you can, it may become a bull again, next month at most, best regards. $BTC
Be patient for now for Bitcoin, it will go up to $85,000, which may be a surprise next month, according to my analysis. Don't exchange it now, just wait #BitcoinPizzaDay🍕

Greetings, respected crypto enthusiasts. Be patient and always watch for rare fluctuations in your investments. And when the wave goes to the bottom, when it rises, break it at the highest. #USDT Best regards, I hope you all become rich one day. #lostking

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I always say that dangerous bulls can come from the standing water, follow them and be lucky in investments.

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The cryptocurrency market has become an area where exciting developments have occurred in recent days. Frankly, it is extremely difficult to see this much excitement in another market. Bitcoin (BTC) and Ethereum (ETH) have fallen over the past 24 hours despite the approval of spot Ethereum ETFs for listing on US exchanges. This decline triggered a classic “buy the rumor, sell the news” behavior in the market, resulting in a 4% decline in the ETH price. $BTC $ETH
The overnight approval of spot Ethereum ETFs was considered an important step for the cryptocurrency market. This is an important milestone, especially for ETH, the second largest cryptocurrency by market cap. However, the ETF approval did not trigger the expected rise in prices. Rather, it pointed to a short-term bearish trend.

Despite the short-term price correction, some investors remain optimistic about Ethereum's future performance. The expectation of a rally exceeding 60% in the coming months is supported by the increasing demand for futures and spot buying observed in recent weeks.

This bullish trend reflects confidence in the potential growth of Ethereum and the overall cryptocurrency market, despite current market dynamics. #BinanceHerYerde

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According to recent information, the US-based giant cryptocurrency exchange Coinbase has added the altcoin called Corechain (CORE) to its listing roadmap. If there are no problems in the coming period, CORE will start trading on Coinbase.

With this announcement of the Coinbase exchange, it was seen that CORE made a sudden jump. CORE gained 6% in value in the OKX futures market in a short time, reaching $1.72.

As Bitcoin stabilizes, attention is shifting to altcoins. These alternative cryptocurrencies offer unique features and applications, making them attractive to investors. For example, Dogeverse ($DOGEVERSE) combines multi-chain capabilities with staking, while WienerAI ($WAI) uses artificial intelligence for market analytics. These innovations show that altcoins have the potential to outperform the market in 2024. #BinanceHerYerde $BTC

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$100,000 Target in Bitcoin

The dominance of uncertainty may have triggered a correction from $72,000. Analysts do not believe that Bitcoin price has the momentum to continue its uptrend above $70,000, let alone narrow the gap to the projected $100,000 target in 2024. According to the moving average convergence divergence (MACD) indicator, the path of least resistance is downwards. A sell signal supported by the position of the MACD line below the signal line and bearish histograms indicate further losses at the open. $BTC

To reverse this bearish view, Bitcoin may need to break the 20-day exponential moving average (EMA) into support at $68,471. Another break above the middle boundary of the channel or the $70,000 hurdle would be required to confirm the uptrend. On the contrary, traders cannot ignore the possibility of selling pressure overtaking the bulls, especially if the immediate support of the 50-day EMA at $67,671 is broken. Losing support at the lower boundary of the channel or the $66,000 level could be detrimental to Bitcoin's future. Such a move could break the 200-day EMA at $65,234 with the risk of an extended decline to $64,000 or $62,000. Best regards 🫡$BTC #EarnFreeCrypto2024

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The expectation of ether ETF approval comes after the SEC previously approved a bitcoin ETF, raising questions about whether the commission would oppose an ether ETF. Edwards noted that opposing an ether ETF after approving a bitcoin ETF would be a tough stance for the SEC, especially without opening broader investigations into Ethereum's securities status.
The overall crypto market experienced a surge last week following data pointing to a slowdown in US inflation and spurring a rally in risk assets. The market's current upward trajectory reflects a broader trend of increasing investor confidence in the potential of cryptocurrencies and related financial products.

Bitcoin's Open Interest (OI) dropped significantly by almost $1 billion between May 23 and May 24. On May 23, Bitcoin's OI was $11.75 billion, but it fell to $10.77 billion the next day. Open Interests represent the total value of all open positions in a contract, and a decline in OI usually signals a bear trend with traders closing out their positions. For your information: $BTC $POND

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The price of Ether, the cryptocurrency that powers the Ethereum blockchain network, rose 8% to $3,775 on Tuesday, reaching its highest level in the last two months. This rise follows a significant 13.8% jump on Tuesday. The positive market movement comes as investors remain hopeful about the U.S. Securities and Exchange Commission's (SEC) upcoming decisions on applications for spot exchange-traded funds (ETFs) that track ether.
Leading cryptocurrency Bitcoin also experienced a rise, rising 2.2% to $71,000. It's currently approaching its March high of $73,803.25, falling just 4% short of that record value.
The market's optimism is partly attributed to rumors suggesting the SEC may approve the highly anticipated ether ETFs. This speculation led to the biggest two-day gain for ether in nearly two years. Previously, market consensus was that these applications would likely be rejected.
The SEC's approval of several spot bitcoin ETFs earlier this year led to a sharp rally in the price of bitcoin, and the ETFs attracted billions of dollars in inflows. While bitcoin has gained 67% in value since the beginning of 2024, ether has lagged behind with a 60% increase.
Ben Laidler, global markets strategist at eToro, commented: "Ethereum has taken pole position in the latest crypto rally ahead of Thursday's first SEC deadline to decide on the ETH ETF." He added that definitive approval is unlikely, but any positive indication from the SEC would be important for the market.
Applicants for spot ether ETFs include VanEck and ARK Investment Management. The SEC is expected to rule on their applications by May 23 and May 24, respectively.
Joseph Edwards, director of research at Enigma Securities, noted that the SEC has required exchanges to update their filings for ether ETFs. Also pay attention. $BTC

#BinanceHerYerde

According to the latest situation, while IBIT is reported to hold 281,883 BTC, this investment product is very close to GBTC, which has 289,500 BTC. If the current trend continues, BlackRock is expected to take the leadership in the ETF market from Grayscale.
Blockchain analysis company Glassnode, in its report, emphasized the decrease in volatility as the selling pressure in the Bitcoin market decreased. Glassnode analysts pointed out that fund inflows remained low while the selling pressure decreased, and predicted that the resulting squeeze could result in a larger price movement in the near future.

Latest situation in Bitcoin
Bitcoin set its record level in the $73,000 region after approximately 6 months of upward trend. The cryptocurrency, which then entered the correction phase, found significant support by seeing weekly closings above $ 60,000 for the last 6 weeks.
$BTC $REEF

- The amount of assets held by Bitcoin ETFs in the US market exceeded 850 thousand BTC.
In the last two weeks, when institutional investors started buying again, BlackRock's Bitcoin ETF continues to approach Grayscale as the most in-demand investment product. According to data provided by HODL15Capital company, spot Bitcoin ETFs reached 850 thousand BTC, while the amount of BTC held by ETFs globally exceeded 1 billion dollars.

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