✅ Bitcoin and Ethereum are trying to consolidate the results of yesterday's rally, but prices are still declining, although a bullish momentum is visible 🐮

Day summary:

🔸 The CME is set to introduce Bitcoin trading

🔸 Coinbase is developing a service that targets Australia’s growing self-managed pensions sector

🔸 US Senate passes resolution overturning SEC crypto rule on banks ⚖️

🔸 Binance’s security experts developed an “antidote” against the growing instances of address poisoning scams

🔸 JPMorgan estimates that the current mining cost for Bitcoin miners is around $45,000 🔌

🔸 CZ has not yet been jailed as he awaits notice by the Probation or Pretrial Services Office

🔸 Notcoin was listed on multiple CEXs, currently trading around $800M FDV and a price $0.0078
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How to use the Relative Vigor Index indicator 📊

RVI analyzes the relationship between closing and opening prices within a trading period, represented by two lines: the main RVI line and its signal line, which is its moving average.

📈 When the RVI line crosses above the signal line, it indicates increasing bullish momentum, suggesting a potential upward trend and a good opportunity for a long position.

📉 When the RVI line crosses below the signal line shows growing bearish control, hinting at a downward trend and a sell or short signal.

❗️ The RVI not only confirms the strength of a trend but also identifies divergences that can signal possible reversals. For instance, if the price reaches new highs but the RVI does not, the trend might be losing strength, indicating a potential pullback or reversal ❗️

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SEC Chair Gary Gensler doesn't like the FIT21 Bill, says it would hurt investors & hamper the SEC's work The House of Representatives is expected to vote on the FIT21 bill in the coming weeks.

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🇺🇸BREAKING: Crypto bill FIT21 passed by 279-136 vote in US House.

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✅ A number of posts by TheRoaringKitty led to rallies in meme coins and GameStop stock (GME). Meanwhile, other coins don't seem to be rushing to get higher 😬

Day summary:

🔸 OpenAI announced the launch of the GPT-4o, a model that can talk, listen and see

🔸 El Salvador has launched its own proof-of-reserves website ✔️

🔸 Ripple CEO says it is “clear” that the US government is “going after” stablecoin issuer Tether

🔸 Chinese police arrested six people involved in using crypto to provide an illegal currency conversion operation that handled some $296 million

🔸 CEO of Uniswap, called on Joe Biden to consider how voters think about crypto when they enter ballot boxes in November 🗳

🔸 Blockchain security platformCertiK discovered a $5 million security flaw in Wormhole bridge on Aptos
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We're getting crazy close to the movie "Her" 🤖

ChatGPT's voice and conversational abilities took a huge leap forward thanks to GPT-4o, sounding capable of expressing emotion and varying its tone.

The voice didn't just sound human-like. It also displayed an uncanny ability to mimic human dictation. The new ChatGPT giggles, adds humor, and moderates voice inflection depending on the prompts 🫣

Millions will no longer want to talk to real people in a few years because they will have voice assistants 🫤
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Apple and OpenAI are expected to announce a partnership today with a new AI-powered voice assistant. Bloomberg claimed that the two companies have been finalizing terms for a pact to use ChatGPT features in Apple's iOS 18 🤖🤝🍏

El Salvador has launched its own proof-of-reserves website, featuring various tools for monitoring the country’s Bitcoin holdings using on-chain data 🔍

Ripple CEO says it is “clear” that the US government is “going after” stablecoin issuer Tether — which could have an unpredictable impact on the crypto markets 😳

Chinese police arrested six people involved in using crypto to provide an illegal currency conversion operation that handled some $296 million 👮

🔹 Last 24 hours top 3 gainers:

Toncoin - $7.36 (↑5.32%)
Shiba Inu - $0.0000233 (↑3.10%)
Zebec Protocol - $0.021 (↑1.63%)

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ETH ETF approved.
Congratulations everyone
probably was 😅
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The meme stock madness returns 🤪

GameStop stock soared as much as 110% and was briefly halted due to volatility after "Roaring Kitty," the person credited with kickstarting the meme stock madness during the pandemic, posted online for the first time since 2021. 

With $GME shares more than doubling in 24 hours, hedge funds lost more than $1 billion shorting the stock. Wallstreetbets crowd's idea is as simple as ever: Pump up the price just because the hated institutions are shorting the stock 🚀
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Here is chart from. Where we compared Bitcoin vs Altcoins Marketcap.

Bitcoin already broke previous bull cycle ATH while alts are still lagging - showing more room for growth.
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How to use the Polarized Fractal Efficiency (PFE) indicator 📊

The Polarized Fractal Efficiency (PFE) indicator uses fractal geometry to check the efficiency of price movements, helping traders identify trends and potential reversals.

📈 A PFE value above zero indicates efficient upward movement, suggesting a potential bullish price action.

📉 A PFE value below zero indicates efficient downward movement, hinting at a potential bearish trend.

👉 When looking for a good trade, look for divergences between PFE and the price. If the price is making new highs and the PFE is not, it may signal weakening momentum and a potential reversal, and vice versa.

✔️ Use PFE with other indicators to confirm trends. Higher absolute PFE values suggest stronger trends, while lower values indicate weaker trends or sideways movements.

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Someone Requested for LTC Chart - Here you go
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Important Events in Coming weeks to watch out for :

If all are approved - This will be a very big win for Crypto Space.

1) Eth Spot ETF Approval
2) Sec's SAB121 Repeal to be Signed by Biden
3) Voting on FIT21 Bill
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✅ Crypto is stuck in limbo waiting for the next big price move, meanwhile, the long-awaited quarterly report from Nvidia pleases the bulls 📈

Day summary:

🔸  Nvidia reports $26 billion in revenue for Q1, 5.3% higher than expectations, also announces a ten-for-one stock split 💸

🔸 Biden's administration says it's eager to work with Congress to create a "balanced regulatory framework for digital assets"

🔸 Goldman Sachs CEO says he doesn't expect the Fed to cut interest rates this year

🔸 MetaMask could add Bitcoin support within the next month, though plans aren’t firm

🔸 Joe Biden announced his latest student loan forgiveness plan by canceling $7.7 billion in debts for 160k borrowers

🔸 It's Bitcoin Pizza Day! 14 years ago one man bought two large pizzas for 10,000 bitcoins 🍕

🔸 AllianceBernstein's analysts say ETH can rise to $6,600 if ETFs are approved

🔸 FTX Founder Sam Bankman-Fried is moving to the new prison in California

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✅ Bitcoin price rallied to the coveted $70,000 mark amid a noticeable surge in spot buying and spot BTC ETF positive inflows. And Ethereum is absolutely destroying the competition today 📈😳

Day summary:

🔸 Bloomberg analysts now believe the chances of a spot Ethereum ETF being approved this month are 75% instead of 25%

🔸 Iran's President Ebrahim Raisi and a few other government officials are confirmed dead in a helicopter crash 🇮🇷

🔸 Two Chinese nationals have been charged with utilizing tether and crypto-friendly bank Deltec to commit money laundering and wire fraud

🔸 CEO of Grayscale resigns and will be replaced by Goldman Sachs executive

🔸 Apple has launched a discounting campaign in China, offering discounts of up to $318 📱

🔸 Bipartisan bill for blockchain competitiveness passes US House

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Gold and copper are breaking records, and silver is at an 11-year high (chart above), all of them share a common theme: recent weakness in the US dollar 📉

Iran's President Ebrahim Raisi and a few other government officials are confirmed dead in a helicopter crash. A senior Iranian government administration official said: “No foreign involvement at all” 🇮🇷

Two Chinese nationals have been charged with utilizing tether and crypto-friendly bank Deltec to commit money laundering and wire fraud amounting to $73 million ⚖️

Michael Sonnenshein will be stepping down from his role as the CEO of Grayscale and will be replaced by Goldman Sachs executive 💼

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💸Ethereum ETF approval will set stage for 💰 Solana ETF, commodity classification

According to a recent Bernstein report, the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US may establish a precedent for classifying Solana (SOL) as a commodity. The classification of cryptocurrencies as either securities or commodities holds significant implications. Commodity classification facilitates ETF applications and approvals, while security classification subjects assets to stricter SEC oversight.
probably was 😅
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How to use the Chaikin Money Flow (CMF) indicator 📊

The Chaikin Money Flow (CMF) measures Money Flow Volume over a set period, usually 21 days, helping traders gauge buying and selling pressure

This indicator makes it easy for retail traders to find the price areas at which the accumulation or distribution occurs.

📈 A CMF value above zero indicates buying pressure, suggesting a potential upward trend.

📉 A CMF value below zero indicates selling pressure, hinting at a potential downward trend.

🔄 Look for divergences between CMF and price. If the price hits new highs but CMF does not, it might signal weakening momentum and a potential reversal.

✔️ Use CMF with other indicators to confirm trends. Sustained CMF values above or below zero strengthen the trend signal so you can have more conviction in your directional bets.

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