Crypto News & Update

🚨JUST IN: 🥇 Bitcoin Price to Hit $150K in Just One Year, Expected to Reach $500K in Five Years, Says Fundstrat’s Tom Lee. 📈[] @ftucrypto

JUST IN: BlackRock CEO Larry Fink says Bitcoin is "no different" than gold and an asset that protects you. 📈[] @ftucrypto

JUST IN: BlackRock CEO Larry Fink says they "see value in having an 🔵 Ethereum ETF." 📈[] @ftucrypto

Crypto Speak: TA and FA You’re already familiar with these terms, but you probably don’t know the acronyms. Let’s fix that! “TA” is “technical analysis.” It is a method of predicting price movements based on past market data. In simple words, it’s analyzing charts to try to predict the future behavior of the coin. “FA” is “fundamental analysis.” Here we look at basic economic factors: technological innovations, development teams, regulatory news, and many others. In general, it’s anything that can affect the price of an asset in the long term. But both approaches have their pros and cons, and many traders use a mixture of the two to make the best predictions. 📈[] @ftucrypto

Bitcoin ETFs Broke The Market Bitcoin ETFs had a great first day, racking up $4.5B in trading volume. BlackRock's iShares Bitcoin Trust, traded as IBIT on Nasdaq, played a big part, getting close to $1B in volume and making up 22% of the total across all 10 spot Bitcoin ETFs. There were 700,000 individual trades involving the 11 spot ETFs today. To put it in perspective, this is twice the number of trades for QQQ (one of the largest ETFs offered by Invesco), although QQQ handles much larger dollar volumes. With this volume, the first 10 spot Bitcoin ETFs broke the Wall Street record set by the first Gold ETF back in 2004. Then, State Street Corporation launched Gold Shares (GLD) and racked up $1.63B in volume on opening day. However, there’s a little downside to all this. While the total trade was $4.6B, GBTC was 50% of that $2.3B. The GBTC numbers were majority sales/outflows due to the higher fees and the old Bitcoin being locked up, which means that we didn’t have any net inflows... 📈[] @ftucrypto

BREAKING: 💥 BlackRock's Bitcoin ETF is trading up +23.35% pre-market 🔥 📈[] @ftucrypto

🚨 JUST IN: Elon Musk Open to Use Bitcoin on X Following SEC’s Approval of Bitcoin Spot ETFs. 📈[] @ftucrypto

JUST IN: BlackRock now holds 11,439 $BTC worth over $497 million for their spot Bitcoin ETF. @ftucrypto

FUN FACT: BlackRock's ETF record with the SEC after its spot Bitcoin ETF approval is 576-1. @ftucrypto

JUST IN: 💥 BITCOIN ETFS APPROVED! 🙌 📈[] @ftucrypto

JUST IN: $7.7 trillion asset manager Vanguard removes Bitcoin futures ETFs from its platform. @ftucrypto

JUST IN: Spot Bitcoin ETF trading volume surpasses $7.6 billion in its first two days. @ftucrypto

JUST IN: BlackRock CEO Larry Fink says Bitcoin is digital gold and bigger than any government. @ftucrypto

NEW: 🥇 All 11 spot bitcoin ETF tickers are currently being added to the Bloomberg Terminal as 'Pending Listing' ⏰ Trading will be ready to go shortly after approval. Almost there 🫡 📈[] @ftucrypto

JUST IN: 🇺🇸 Gary Gensler says Bitcoin is a highly speculative volatile asset used for illicit activity. @ftucrypto

NEW: 🥇 JP Morgan CEO Jamie Dimon says "Bitcoin doesn't have value." 🤔 Meanwhile, JP Morgan is an authorized participant for BlackRock's spot Bitcoin ETF 👀 Look at what they do not what they say 🤡 📈[] @ftucrypto

JUST IN: Jim Cramer says "MAJOR top in Bitcoin" @ftucrypto

JUST IN: BlackRock now holds 2,620 $BTC worth over $120 million for their spot Bitcoin ETF. @ftucrypto

JUST IN: BlackRock CEO Larry Fink says Bitcoin is "no different" than gold and an asset that protects you. @ftucrypto

Crypto Speak: CeFi “CeFi” (centralized finance) is an intermediate link that unites the DeFi segment with the world of traditional finance. In general, almost any CEX can be called a visual representative of CeFi. Exchanges such as Binance, Coinbase, and Kraken are not decentralized. However, they offer a much more user-friendly interface and interaction experience than most DEXs, and for this reason, CeFi has significantly more users than DeFi and its DEXs. True crypto punks are of course angry about this state of affairs because they remember that, at the very foundation of crypto lies the idea of decentralization, but most users hang out in the CeFi field because it’s more familiar and convenient 🙂 📈[] @ftucrypto