For those who didn't get this #cryptomeme ☝️

🪙 Capital inflows into spot #BTC ETFs have lasted a record 18 consecutive trading days

The most funds, $350 million specifically, have flowed into the #IBIT fund, which belongs to #BlackRock. Currently, their balance is valued at more than 300,000 #BTC.

BlackRock has bought all the businesses, and now they want to buy all the bitcoins 🗿

#CryptoNews

#WordOfTheDay

#Litecoin — how to spell this word in Morse code?

To be honest, we don't know, and why would you need this — we are not living in a post-apocalyptic world yet where only analog communication works 🤷‍♂️

But we do know an interesting fact about #Litecoin:

The coin was created by former #Google engineer Charlie Lee, and it was launched on October 13, 2011 as an alternative to #Bitcoin.
In a world where digital gold emerged, Lee aimed to create a digital analogue of silver — a lighter and faster version of the first cryptocurrency, which was #BTC.
Litecoin was based on the original Bitcoin code with some modifications. For instance, changes were made to the hashing algorithm, and the block generation speed was increased.
Today, Litecoin continues to develop and is supported by a community of developers, but the coin has lost its position to more promising blockchains.

#Opinion

🪙 Standard Chartered Bank believes that Bitcoin will reach $150,000

In their opinion, this will happen if #DonaldTrump manages to win the election.

🌍 Weekly news #CryptoDigest:

🪙 10.06 BTC.D (Bitcoin Dominance over Altcoins) - 55.5%

🧭 03.06 Fear and Greed Index - 72

🇺🇸 10.06 15:30 USD - Consumer Price Index for May

🇺🇸 12.06 21:00 USD - Fed Interest Rate Decision. Forecast - 5.50% (5.50% previously)

🇺🇸 13.06 15:30 USD - Number of initial claims for unemployment benefits. Forecast - 222,000 (229,000 previously)

🇺🇸 14.06 18:00 USD - Fed Monetary Policy Report

🕯 #Analysis from KickEX Traders:

Last week, there was news regarding unemployment data — an increase of 0.1% was recorded. Previously, the Federal Reserve stated that besides inflation, they would also focus on unemployment, and yesterday's increase is a very strong signal for lowering the interest rate. However, we saw confusion in the market, and there’s no hint of positivity here.

On June 12, data on inflation and the Federal Reserve meeting will be released. There’s nothing bullish to expect here (except for Powell's speech). The thing is, inflation was at its lowest last summer, and based on this low base, annual inflation this summer could be high — up to 4%.

🪙 The market situation is very reminiscent of overheating. Markets need to cool down and gather strength for a bull run. But over the past six months, everyone has gotten used to the growth of BTC, so breaking the trend will be difficult.
In this market, scalper traders will feel more comfortable, so beware of ideologically driven trades — take what the market gives you.

🔼 Demand for #BTC is eight times higher than the mining rate by miners

The rate of investment in #Bitcoin by US exchange-traded funds is eight times the volume of new coins being mined. Last week, inflows into spot Bitcoin #ETFs amounted to $1.8 billion (equivalent to 25,729 BTC). During the same period, only 3,150 coins were mined.

#CryptoNews

🪙Bitcoin is struggling right now, but let's remember why it became so expensive in the first place

⚡️KickEX has received a brokerage license and become a Bitcoin service provider!

We are pleased to announce that KickEX has received a brokerage license from the state of El Salvador, thus significantly expanding the range of features on our platform. As an official #Bitcoin service provider, we can offer you even more valuable services.

Here’s what the license enables:

🪙Storage and management of Bitcoin: secure storage and management of our users' Bitcoin.

📊Exchange and trading services: the ability to trade Bitcoin on our platform.

🔒Digital wallets: providing secure and convenient digital wallets for Bitcoin.

🔗Payment processing: managing payment processes related to digital currencies.

This important achievement opens up great prospects for growth and innovation. Additionally, our team plans to obtain licenses for working with #Ethereum (#ETH), #Tether (#USDT), and other assets. Read more about this on our official blog and stay tuned for further updates!

Sincerely,
The KickEX Team

🪙 #Trump wants all remaining #bitcoin to be mined in the USA

The presidential candidate made this statement after meeting with representatives of the mining industry. Among other things, the convicted felon promised to defend the interests of miners if he wins the election and emphasized the importance of mining for ensuring the stability of the US energy system.

Apparently, Trump's new border wall will be built from ASICs 🤔


#CryptoNews

Liquidation occurs when the trader's losses become too large, and there are not enough funds in the account to cover the positions.

#Glossary (inspired by current market events) 🔽

⚠️ The Fear and Greed Index is once again close to a historical high

At the moment, it stands at 74, nearing the extreme greed category.

The index ranges from 0 (maximum fear) to 100 (maximum greed) and reflects market sentiment.

#CryptoNews

📉 Yesterday, the U.S. Federal Reserve maintained the base interest rate at its previous level

#Bitcoin reacted with a decline, losing the gains observed since the beginning of the day, and long positions in #BTC were liquidated for more than $10 million.

If you want to learn more about how and why the key interest rate affects digital gold, leave a 🔥 under the post, and we will prepare a special report for you.

#CryptoNews

⚡️Weekly Update from KickEX: Improvements and New Features

We are excited to share the latest achievements of our development team aimed at enhancing the functionality of the #KickEX cryptocurrency exchange.

Here’s what was accomplished this week across various areas.

📆Week 23
Improvements and updates across three main sections:

📖Frontend
👨‍💻Backend
📱iOS & Android

We are continuously working to improve our product and hope that these changes make using KickEX even more convenient and efficient.

💚Thank you for staying with us! Stay tuned for our updates and new features. We always welcome your feedback and suggestions!

👉Read more about new developments in the blog

#DeveloperDiaries

#Analytics

🪙 Experts believe that #Bitcoin is in its longest consolidation period and predict an explosive growth once it breaks out of this range

In previous cycles, consolidation periods were shorter but still led to all-time highs in the value of #BTC 🚀

⚡️ The head of the #SEC announced that spot #ETFs on #ETH will be approved as early as this summer

Gary Gensler made this statement during a Congressional hearing, additionally noting that Ethereum ETFs will receive approval "sometime, but definitely before the end of the summer."

Amid the anticipated approval, whales are accumulating #Ethereum. For instance, analysts from CryptoQuant recorded a daily purchase of 298 000 ETH, which became the second largest in history 🐳

#CryptoNews