Cryptonomy 📊

Top 10 IMF debtor countries 💲 In total, the IMF has lent money to 100 countries amounting to $111 billion, with the top ten accounting for 69% of this debt.

Ease of Movement (EOM) Indicator 📈 The Ease of Movement (EOM) is a fairly common indicator that displays as a line showing how easily the price moves between levels. The analysis is based on changes in price and trading volumes. ▪️ On the weekly chart, the EOM is suitable for determining the current trend: a bullish market (indicator above 0) and a bearish market (indicator below 0). The angle of deviation from zero gives an understanding of the strength of the trend, while horizontal periods indicate consolidation 🕯. ▪️ On the daily chart, the EOM can signal a reversal of the local trend at turning points. Note that the indicator reverses first, followed by the price. This is not financial advice, but according to the EOM, a quick surge of BTC to $70k should not be expected. Save this so you don't forget 🆗!

BTC Will Head to $77k 👑 Let's analyze Bitcoin's price based on the law of supply and demand. 1️⃣ In March, BTC reached a new high of $73k. During this movement, hodlers took profits, leading to an increase in realized profits. 2️⃣ The increase in BTC supply on the market exceeded demand, causing a correction down to $57k. Short-term holders were again in losses, leading to a rise in fear 🤗. 3️⃣ Experienced market participants used the realized price level of short-term holders at $60k as an entry point, buying 70,000 BTC from weak hands. 4️⃣ The accumulated coins were purchased for the long term, with 30,000 BTC being moved from exchanges to private wallets since the beginning of May. 5️⃣ Consequently, the supply has reduced again, while demand is gradually recovering due to the renewed interest of new buyers as the price rises. According to the MVRV indicator, BTC has formed support at $64k and may move towards the upper boundary of the price channel at $77k 🧪.

A trader bought into the GameStop hype and invested in $GME meme tokens. Now, they've capitulated, locking in a loss of $122k. BlackRock has resumed active buying in Bitcoin ETFs, receiving the largest inflow in 25 days at $94 million. BTC also bounced back to $66k after yesterday's selling pressure, potentially aided by Tether printing another $1 billion USDT. JPMorgan assessed the current BTC mining cost at $45k and rekindled FUD about limited price growth potential due to declining ETF demand in the US and Hong Kong. The US Senate voted to repeal the SEC rule on crypto asset accounting, aiming to simplify custody services, although Biden pledged to veto. 🔹 Top 3 in the last 24 hours: Chainlink - $16.22 (↑15.81%) Ondo - $0.9481 (↑11.34%) Arweave - $47.93 (↑9.54%)

BTC is moving according to Peter Brandt's forecast aiming for $80k. Bullish sentiments are supported by data showing an increase in the influx of stablecoins into the crypto market 🧪 Hedge fund Millennium Management has invested 3% of its funds, or $1.94 billion, in spot Bitcoin ETFs, while media reports suggest that the Chicago Mercantile Exchange (CME) plans to launch spot trading for the first cryptocurrency. These are just rumors for now, but it was at the launch of BTC futures trading on CME that the peak of the penultimate cycle in 2017 was set 💸 More rumors are circulating, with Bloomberg reporting that cryptocurrency exchange Coinbase is working on an investment product for Australia's pension funds. This market is valued at $600 billion 🦘 Trading for Notcoin started today ⌛️ 🔹 Top 3 in the last 24 hours: Fantom - $0.81 (↑25.17%) Sei - $0.5535 (↑21.57%) BOOK OF MEME - $0.01267 (↑19.20%)

🔥 Inflation in the USA — 3.4% Forecast 3.4%, previous 3.5%

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The new CEO of the world's second-largest investment company Vanguard will be Samil Ramji, who was involved in launching a bitcoin ETF at BlackRock 😏 Pepe continues to update its all-time high (ATH). A trader who bought Pepe for $3k in April 2023 has turned them into $46 million (15,718x) 🐸 USDC issuer company Circle plans to move to the US and conduct an IPO 🇺🇸 Meme token frenzy: 1 million new tokens have been launched since April 1st, with 640k of them being memes on the Solana network 😐 DeFi Sonne Finance hacked for $20 million 🚨 🔹 Top 3 in the last 24 hours: FLOKI - $0.0002182 (↑11.99%) Pepe - $0.00001145 (↑6.42%) Arweave - $41.24 (↑4.70%)

In April, US producer inflation increased from 1.8% to 2.2% 👀 Since it's within the forecast, the markets aren't too concerned. The main data on April inflation will be released tomorrow, and a decrease of 0.1% to 3.4% is currently expected. Powell's speech is scheduled in an hour and a half, it could be volatile 📈

Pepe succeeded: on yesterday's hype due to the return of the user Roaring Kitty to Twitter, the meme token updated its ATH 🐸 The second largest cryptocurrency exchange Coinbase went offline for 3 hours in the morning, but as of now, the service has been restored ⌛️ Crypto ETFs in Hong Kong set a record for outflows - $39 million. In just 1 day, they lost everything they had accumulated in 2 weeks 🤗 Regulation is imminent: Tether has frozen addresses with a total balance of 5.2 million USDT 🥶 🔹 Top 3 in the last 24 hours: Pepe - $0.00001092 (↑22.71%) FLOKI - $0.000195 (↑11.12%) dogwifhat - $3.10 (↑4.84%)