🪙 #Bitcoin is close to a market bottom

The price of #BTC is approaching the average post-halving mining cost for all miners. This signal may indicate that the asset has reached a price bottom.

Your forecast?
😭 — Sell
💎 — Buy

#CryptoNews

⚡️The CEO of the analytics company #Messari, Ryan Selkis, has declared war on the #SEC

The Messari CEO called the regulator an illegal entity and its chairman a "corrupt and counterproductive feckless official."

The company has already announced the severance of all contacts with the SEC and is preparing its own package of proposals for cryptocurrency regulation in the US.

#CryptoNews

⚡️ Forms for listing a #Solana-#ETF have been submitted to the #SEC

🪙 19b-4 forms were sent by the options exchange #CBOE on behalf of #VanEck and #21Shares. #Bloomberg analysts predict a decision deadline for the applications by March of next year. They also highlight that the results of the US presidential election could further influence the approval of the #SOL-ETF.

🔷 Meanwhile, issuers of spot #Ethereum-ETF, including #BlackRock, #Fidelity, #Grayscale, #21Shares, #Franklin #Templeton, and VanEck, have submitted updated application forms to the SEC. Experts now cite July 18 as the listing date for the #ETH-ETF.

#CryptoNews

🪙 #Bitcoin is rising in response to statements from the US Federal Reserve Chairman and inflows into spot #ETFs

Jerome Powell claims that the Fed is focusing heavily on reducing interest rates and that inflation is moving towards the 2% level.

📈 As for ETFs, the net inflow yesterday amounted to $216 million, signaling that investors continue to buy the dip.

#CryptoNews

⚠️ Today, data on the Initial Jobless Claims (IJC) will be published, which will show the level of unemployment in the United States — why is this important?

If the IJC value drops to 3% or lower as a result of the publication, it will signal that the US Federal Reserve may start lowering the interest rate as early as September.

At a high level of unemployment, consumer activity decreases — that is, people have less money and spend less on goods and services. This leads to falling prices and a decrease in inflation levels. Consequently, the Federal Reserve may lower interest rates on bank deposits, which will result in a flow of money into less conservative savings instruments.

📈 Therefore, low interest rates are traditionally the best time for the growth of high-risk assets, such as cryptocurrency. This is why large investment companies have been buying up the dip in Bitcoin, accumulating coins through ETFs.

#CryptoNews

⚠️ The Fear and Greed Index has dropped to 25 (fear) for the first time since January 2023

The index indicates extreme fear among market participants despite positive news about inflation in the USA. Meanwhile, #Bitcoin has fallen below $57,000 again.

#CryptoNews

⚡️ The likelihood that the US Federal Reserve will cut rates in September is 87%

Just yesterday, this figure was 73%, and a month ago, it was only 50%.

💎 — They will definitely cut rates
🫡 — They won't
🤨 — I’ll give my prediction in the comments

#CryptoNews

⚡️ The launch of the #Ethereum-#ETF may take place on July 23

ETF market analyst from #Bloomberg, Eric Balchunas, reported that the #SEC has sent a request to #ETH-ETF issuers to submit final application forms, including fee details.

📈 Industry experts believe that if no unforeseen circumstances arise, registration could be completed by the end of this week, and trading could begin on July 23.

🔷 Are you waiting for the Ethereum ETF?

#CryptoNews

⚠️ Risk of collapse for #ShibaInu

As a result of a hack of the Indian cryptocurrency exchange #WaziX, assets worth $230 million were stolen, the majority of which were #SHIB coins.

The attackers stole 5.43 trillion dog-themed meme coins, and if all of them are dumped on the market, the price of SHIB could drop to $0.000015 or lower.

#CryptoNews

🪙 Whales have been accumulating #bitcoin all year

#CryptoQuant reports that since the beginning of 2024, wallet holders with a balance of 1,000 #BTC or more have bought a total of 1.45 million coins of digital gold.

While newbies are getting shaken down and bitcoins are being shaken out of weak hands, serious players continue to accumulate assets and believe in the market 📈

#CryptoNews