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Bitcoin Surpasses $71,000, Ethereum ETF Imminent, Furrever Token’s 1,500% Return Captivates Investors

SatoshiTimes Staff

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Top 3 cryptocurrencies to invest in now, according to Reddit: Bitcoin, Ethereum, Furrever Token

Furrever Token

Furrever Token

New York, NY, May 21, 2024 (GLOBE NEWSWIRE) –

The cryptocurrency market is exciting as Bitcoin breaks the $69,000 barrier, reaching new all-time highs and signaling strong investor confidence. At the same time, speculation surrounding the imminent approval of an Ethereum ETF has fueled even more optimism, potentially opening the door to a wider range of investors. Amid these developments, Furrever Token caught the attention of the crypto community with its extraordinary 1,500% post-launch returns, attracting significant interest from large-scale investors, commonly known as whales. This trifecta of news highlights the dynamic and rapidly evolving landscape of the crypto world, offering promising opportunities for investors.

Bitcoin has finally surpassed $71,000: what will happen?

Bitcoin (BTC) rose to approximately $71,000, a 4% increase from the previous day. Despite this, BTC has struggled to surpass its all-time high, requiring a 7% move. The cryptocurrency market faces several factors that influence its trajectory. BTC’s 51% year-to-date gains reflect investors’ anticipation of US monetary expansion, indicated by the Federal Reserve’s liquidity injections. However, concerns persist about potential repercussions, such as inflationary pressures. External factors, including the weak global real estate sector and uncertainty surrounding Grayscale’s holdings, contribute to investor skepticism. China’s efforts to resolve its housing market problems raise concerns that a broader economic recession will impact global markets. The limited adoption of BTC as a conventional hedge further influences investor sentiment. Michael Sonnenshein’s resignation from Grayscale also intensifies apprehensions about BTC’s price stability as potential liquidations loom over the Grayscale Bitcoin Trust. This dynamic underscores the complexity of Bitcoin’s current landscape, where market sentiment intertwines with external events to shape its trajectory.

Ethereum ETF Approval Soon: What Now?

The current price of Ethereum (ETH) is approximately $3,537.89, reflecting a notable 15% increase since yesterday. Following the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC), attention has turned to applications for spot Ethereum ETFs. This week marks a crucial period for decisions on spot Ethereum ETFs. The SEC, which has consistently delayed evaluations of spot ETH ETF applications, is expected to announce decisions on two applications this week. VanEck’s request will be handled on May 23, while ARK Invest’s request will be decided on May 24. While these two companies await decisions, several other companies, including BlackRock and Grayscale, have submitted spot ETH ETF applications. Although the SEC’s decisions this week are limited to two applications, they are expected to provide insight into future decisions. However, experts in the cryptocurrency and ETF fields are less optimistic about spot Ethereum ETFs than spot Bitcoin ETFs. SEC Chairman Gary Gensler’s cautious stance regarding cryptocurrencies and Ethereum being seen more as security than as a commodity strengthens the possibility of rejecting these applications. Furthermore, Ethereum lacks the same level of political support as Bitcoin, further reinforcing this notion.

The story continues

Furrever Token (FURR) Attracts BTC and ETH Whales: A Sign for Massive Gains

Furrever Token (FURR) recently caught the attention of prominent Bitcoin (BTC) and Ethereum (ETH) whales, indicating a solid vote of confidence from key players in the crypto market. This new interest from large-scale investors could propel FURR to new heights, potentially making it one of the most popular tokens soon. Currently priced at US$0.000648, Furrever Token has already delivered extraordinary returns of up to 1,500% post-launch, demonstrating its explosive growth potential.

The allure of these whales lies in the Furrever Token’s unique proposition. It offers a whimsical and immersive experience centered around images of adorable cats, which have proven to be a huge hit in the community. Additionally, Furrever Token operates on the BNB-20 blockchain, providing robust security and scalability. Tokenomics, with 65% allocated to pre-sale and 25% to decentralized exchanges, guarantees broad distribution and liquidity.

The whales’ involvement suggests that Furrever Token is poised for significant upward momentum. Its investments often set the stage for broader market trends, which implies FURR could experience substantial appreciation. This trend, combined with Furrever Token’s unique, community-centric approach, positions it well for rapid and widespread adoption.

Now is the perfect time to join the Furrever Token community. With the potential for incredible returns and the support of influential crypto investors, FURR offers a promising investment opportunity. Don’t miss out – hurry up and buy FURR today on the official website at furrevertoken.com and be part of the next big movement in the world of cryptocurrencies!

Join the Furrever Token presale now:
Furrever Token official website
Enter the $20,000 Furrever Token Giveaway
Join the official Telegram group
Follow the official account

Media Contact:
Robert Smith
https://furrevertoken.com/
support (at) furrevertoken.com

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice or trading advice. It is highly recommended that you practice due diligence, including consulting with a professional financial advisor, before investing or trading cryptocurrencies and securities.

CONTACT: Robert Smith support (at) furrevertoken.com



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We are the editorial team of SatoshiTimes, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on SatoshiTimes, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Bitcoin

What to watch for in the markets

SatoshiTimes Staff

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What to watch for in the markets

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

  • Verizon will report earnings before the start of operations.

Tuesday

  • Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
  • Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
  • Alphabet and Visa will report results after the market closes.

Wednesday

  • AT&T will release its report before the market opens.
  • Ford and Chipotle will report earnings after the market closes.

Thursday

  • Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

SatoshiTimes Staff

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Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

SatoshiTimes Staff

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Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

SatoshiTimes Staff

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Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

Source: TradingView SPECIAL OFFER (Sponsored)
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Disclaimer: The information found on CryptoPotato is that of the writers quoted. It does not represent the opinions of CryptoPotato about buying, selling, or holding any investments. It is advised that you conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.

Cryptocurrency Charts by TradingView.

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