Bitcoin kicks off the week at $87K, while ETH is trying to hold above $2K.
We are so back?
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OPINION: Robert Kiyosaki argues that the biggest obstacle to wealth isn’t fear of missing out (FOMO) but fear of making mistakes (FOMM), claiming that those who hesitate on Bitcoin will miss out on a historic financial opportunity.
🪙 Bitcoin hasn’t shown any signs of weakness in recent days🔝 I was considering short positions, but most likely, I won't be giving them out 💎
I see the current decline as local! The structure is already showing strength!
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RECENTLY: According to Bloomberg, Wyoming launched WYST, a multi chain stablecoin set to go live in July, backed by cash and U.S. Treasury securities.
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Good morning!
Today the market is in the red, most of the alts are red. BTC is now trading around $86.170. ETH is about $1930.
⭕ Fear/Greed Index: 44 - fear
📉 A selection of morning news:
• The new chairman of the SEC promised to give priority to a clear cryptographic structure.
• HyperLiquid strengthens security measures after the JELLY crisis.
• 70% of South Korean crypto investors made a profit in 2024 thanks to BTC, XRP and ETH.
• SEC withdrews claims against Kraken, Consensys and Cumberland.
• Global Distribution Fund BlackRock increased investment in BTC by 1810% in 12 months.
Today the market is in the red, most of the alts are red. BTC is now trading around $86.170. ETH is about $1930.
• The new chairman of the SEC promised to give priority to a clear cryptographic structure.
• HyperLiquid strengthens security measures after the JELLY crisis.
• 70% of South Korean crypto investors made a profit in 2024 thanks to BTC, XRP and ETH.
• SEC withdrews claims against Kraken, Consensys and Cumberland.
• Global Distribution Fund BlackRock increased investment in BTC by 1810% in 12 months.
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JUST IN: NASDAQ has applied to the U.S. SEC to list Grayscale’s Avalanche (AVAX) ETF, which, if approved, would use Coinbase Custody as its custodian.
OPINION: Ark Invest’s Cathie Wood predicts Bitcoin will reach $1.5 million by 2030.
JUST IN: Hong Kong is now the world’s second-largest market for share sales in 2024, surpassing India with over $16 billion raised in Q1 through IPOs, block sales, and share placements, per Bloomberg.
ANALYSIS: DOGE price is gaining momentum after a trendline breakout, with traders eyeing $0.89, though liquidation risks remain below $0.175.
JUST IN: Tether has withdrawn 8,888 BTC from Bitfinex's hot wallet, increasing its total Bitcoin holdings to 92,647 BTC, now valued at over $7.68 billion.
OPINION: Bloomberg’s Mike McGlone warns that Ethereum could drop to $1,000 if the S&P 500 continues declining and Bitcoin fails to recover, citing its strong correlation with risk assets🪙
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