📉 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

🐶 Arthur Hayes predicts an #ETF for #DOGE

In a podcast with macro expert Raoul Pal, Hayes shared his vision for the future and stated that if #memecoins maintain their popularity, it is highly likely that we can expect a #Dogecoin #ETF.

To support his position, Arthur drew an analogy, suggesting that if people are willing to buy luxury goods just because of the well-known brand logo, then trading memecoins might also be acceptable for them.

🐳 — I'll invest in DOGE
🌚 — I'll invest in Birkin
🔥 — I'll invest in #KICK

#CryptoNews

🆘 SCAM ALERT 🆘

There has been an increase in cases where scammers are sending direct messages to our channel subscribers and group members

Scammers might contact you under various pretexts: offering free educational materials on trading, a job, or even allegedly conducting a survey about KickEX and #KICK.

The scammers' goal is to engage you in a conversation and then attack by sending an virus file or a phishing link. If you receive such a message, immediately block the perpetrator and report it as spam.

⚠️ You can report all scam cases in our group or in the comments to posts. We will promptly respond to reports and take action, including informing you about threats.
Protect yourself and your assets. Stay vigilant and do not fall for provocations 🛡

Sincerely, the KickEX team

#ScamAlert #Security

#Analytics

🪙 Experts from Bernstein have raised the expected target price for #BTC to $200,000

Analysts expect this price by the end of next year.

#CryptoNews

🌍 Weekly news #CryptoDigest:

🪙 BTC.D (Bitcoin Dominance over Altcoins) - 55.36%

🧭 Fear and Greed Index - 71

🇺🇸 June 20, 3:30 PM USD - Initial Jobless Claims.
Forecast - 235,000, Previous number - 242,000

🇺🇸 June 21, 6:00 PM USD - Federal Reserve Monetary Policy Report

What do you think?

🔥 - Yeah!
🤯 - Hell no!

📉 The price of #BTC has dropped to a monthly low

Following Bitcoin, altcoins from the top 100 by market capitalization also went down. Meanwhile, the total volume of long liquidations over the past day has exceeded 400 million dollars.

#CryptoNews

📈 In trading, Fibonacci numbers are used to determine support and resistance levels. Traders apply the Fibonacci sequence to predict potential price reversals, assessing likely entry and exit points for trades.

#Glossary

⚡️ #SEC has terminated the investigation against #ETH

The regulator no longer claims that #Ethereum is a security 🥳

Meanwhile, issuers of spot Ethereum #ETFs are correcting their application forms for resubmission. The updated applications may be submitted by the end of this week, and the listing of new instruments could happen in early July.

#CryptoNews

#Opinion

🪙 Julien Bittel, the head of macro research at GMI, believes that the current market situation is typical for halvings

According to him, a halving is always followed by a sharp correction, then a period of sideways movement, and after that, a final dump that wipes out the last of the long positions. After this, there is another phase of sideways movement, followed by the beginning of growth.

In his opinion, we are currently in the sideways movement phase that precedes the growth 🚀

✅ #ByTheWay, you can use the #KICK token to get a 25% discount on trading fees

For example, if you trade the USDT/ETH pair and your trading level on the exchange is 1, your taker fee is 0.25%. However, if you choose to use KICK tokens by selecting the "Use KICK token to reduce fee" option, your fee will be reduced to 0.1875%, with 25% of this adjusted fee paid in KICK tokens.

The 25% discount applies to all trading pairs, except those involving the sale of KICK tokens.

👉 Read more on our website

🪙 #Bitcoin went down for three main reasons:

🔽 Decrease in stablecoin issuance — less new money is entering the market

📉 Decline in miners' revenue — they are forced to sell more #BTC to cover expenses

💸 Outflow from bitcoin-#ETF — major players have started to exert more influence on the market and are putting pressure on the price

Do you agree with this, and do you see any other reasons for the recent drop in the price of digital gold?

#Analytics

🪙 Experts from #CryptoQuant state that if $65,800 is breached, the price of #BTC could drop to $60,000

💔 — Bitcoin is doomed
😎 — I’ll buy more for cheap