Crypto News & Update

📉 Decline in Bitcoin Spot ETFs: Investor Interest Wanes 📊 Following initial excitement, the anticipated interest in the much-awaited spot Bitcoin ETFs seems to be diminishing. Last Wednesday marked the weakest day in terms of gross inflows (net inflows) since trading began. ✨ Despite the declining interest, the group of spot Bitcoin ETFs was considered by Bloomberg Intelligence analysts to be the most successful ETF launch in history, both in terms of trading volume and net inflow. 📈[] @ftucrypto

JUST IN: Elon Musk proposes moving Tesla $TSLA headquarters & state of incorporation to Texas. @ftucrypto

JUST IN: PayPal $PYPL fires 2,500 employees. @ftucrypto

JUST IN: 🇺🇸 Billionaire Tim Draper says the US Government finally understands that "Bitcoin is actually better for everyone." @ftucrypto

How to manage a crypto portfolio 🍸 Three classic investment portfolio management strategies are also applicable for cryptocurrencies. Passive - aka buy and hold, you buy the most reliable coins (BTC and maybe ETH) and wait ace, ignoring local ups and downs. ➕ Minimal time spent. ➖ Low returns compared to other strategies. Active - working long and short depending on the market trend, focus on altcoins that generate maximum profitability. ➕ It is possible to outperform the market. ➖ Requires a lot of time, special skills, high risks. Hybrid - we divide the portfolio into two parts: BTC+ETH in the long term and a basket of altcoins that we try to actively trade. ➕ Diversification, you can outperform the market. ➖ A big loss on one of the strategies can nullify the whole portfolio. Save it for yourself and tell a friend 🆗 📈[] @ftucrypto

JUST IN: 🇷🇺 Russia says ditching the US Dollar for trade settlements is a top priority in 2024. @ftucrypto

Harvest Fund Management’s Hong Kong has reportedly filed for a spot 💰 Bitcoin exchange-traded fund (ETF) The report suggests that the SFC is leaning towards approving the ETF for listing on the Hong Kong Stock Exchange post the conclusion of the Chinese New Year, slated to end on Feb. 11. According to Tencent News, there is a possibility that the SFC might follow the U.S. in the way of approving applications from multiple companies simultaneously. 📈[] @ftucrypto

JUST IN: 🇺🇸 X receives money transmitter license for payment services in Nevada. @ftucrypto

Crypto speak: Cryptosis “Cryptosis” is a word used to describe an insatiable craving for knowledge about cryptocurrency. It sounds like the name of a disease, but here, it’s a friendly one. Symptoms include forum activity, active conversations about cryptocurrency with friends (which sometimes look like monologues), and minimizing risks when trading. Do you have these symptoms?) 📈[] @ftucrypto

NEW: 🏛 Charles Schwab, with $8.5 trillion AUM, could soon launch a spot Bitcoin ETF, capitalizing on second-mover advantages 😮 Analysts suggest a "big and disruptive" move, such as "rolling out shock-and-awe low fees"❗️ 📈[] @ftucrypto

JUST IN: BlackRock & VanEck are now advertising Spot Bitcoin ETFs on Google following new policy update. @ftucrypto

JUST IN: Google updates policy allowing Bitcoin & crypto trusts products to be advertised. @ftucrypto

🖤BlackRock has doped Bitcoin again - on the company's balance sheet 49,952 BTC worth $1.98 billion. 📈[] @ftucrypto

Table of projects where top Tier 1 funds invested in January 📈[] @ftucrypto

JUST IN: BlackRock now holds 52.025 $BTC worth over $2.18 billion for their spot Bitcoin ETF. @ftucrypto

Crypto Speak: BUIDL. This is a not-so-common expression that echoes hodl, the concept of holding crypto long-term despite market fluctuations. “Buidl” encourages developers and participants in the cryptocurrency ecosystem to actively work to build and improve blockchain projects and infrastructure; it is a concept of unconditional faith in the future of blockchains. “Ignore market sentiment, just keep believing and keep building.” Hodl refers to investors, while buidl refers to developers. 📈[] @ftucrypto

Banned BTC cycle indicator 😃 Bitcoin Rainbow Chart Indicator uses a logarithmic BTC growth scale with a rainbow superimposed on it to visualize the current market phases. Following this indicator: 🔵 - buying zone. 🟢→🟡 - active growth phases. 🟠→🔴 - peak of the bull market. So, if your long-term bitcoin strategy involves a price of $100k and above, now is still a good time to buy. Note that this indicator has performed well the past three cycles, but market conditions change and this can affect its accuracy. Also, each successive cycle has had a lower peak, and in 2021, price did not even enter the maximum market overheating zone (🔴). If the trend continues, the next ace will end in the $129k - $241k range. Save it so you don't forget 🆗 📈[] @ftucrypto

What the launch of the BTC ETF looked like 🤣 📈[] @ftucrypto

Crypto speak: Blue chip Something considered a “blue chip” is an established, successful project that has benefited its holders over time and held a high floor. NFT blue chips share several common characteristics: relatively high floor prices, brand strength, celebrity endorsement, project team commitment, and real utility. 📈[] @ftucrypto

$5,000,000,000 WORTH OF SHORTS WILL BE LIQUIDATED IF 💰BITCOIN BREAKS ABOVE $46K. 📈[] @ftucrypto