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๐Ÿ‡ฆ๐Ÿ‡บ ๐—”๐˜‚๐˜€๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐—ฎ ๐—ช๐—ถ๐—น๐—น ๐—Ÿ๐—ฎ๐˜‚๐—ป๐—ฐ๐—ต ๐—™๐—ถ๐—ฟ๐˜€๐˜ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—˜๐—ง๐—™ ๐—ถ๐—ป ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ The Australian Securities Exchange (ASX) could approve a spot Bitcoin ETF by the end of 2024. Bloomberg reports this. ๐Ÿ—ฃ According to BetaShares head of digital assets Justin Arzadon, the firm is preparing its Bitcoin ETF for listing on the ASX and has already reserved tickers. The influx of investment in the instrument in the United States โ€œproves that cryptocurrencies are here to stay,โ€ he added. Australia's $2.3 trillion superannuation market could help fuel inflows to funds, the article says. ๐Ÿ‡ญ๐Ÿ‡ฐ ๐™๐™ค๐™ข๐™ค๐™ง๐™ง๐™ค๐™ฌ, ๐™ฉ๐™๐™š ๐™›๐™ž๐™ง๐™จ๐™ฉ ๐™จ๐™ฅ๐™ค๐™ฉ ๐˜ฝ๐™๐˜พ ๐™–๐™ฃ๐™™ ๐™€๐™๐™ƒ ๐™€๐™๐™๐™จ ๐™ฌ๐™ž๐™ก๐™ก ๐™—๐™š ๐™ก๐™–๐™ช๐™ฃ๐™˜๐™๐™š๐™™ ๐™ž๐™ฃ ๐™ƒ๐™ค๐™ฃ๐™œ ๐™†๐™ค๐™ฃ๐™œ, ๐™ฉ๐™๐™ž๐™จ ๐™š๐™ซ๐™š๐™ฃ๐™ฉ ๐™ฌ๐™ž๐™ก๐™ก ๐™—๐™š ๐™–๐™ฃ๐™ค๐™ฉ๐™๐™š๐™ง ๐™ž๐™ข๐™ฅ๐™ค๐™ง๐™ฉ๐™–๐™ฃ๐™ฉ ๐™จ๐™ฉ๐™š๐™ฅ ๐™ž๐™ฃ ๐™ฉ๐™๐™š ๐™–๐™™๐™ค๐™ฅ๐™ฉ๐™ž๐™ค๐™ฃ ๐™ค๐™› ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค๐™˜๐™ช๐™ง๐™ง๐™š๐™ฃ๐™˜๐™ฎ ๐™ฉ๐™๐™ง๐™ค๐™ช๐™œ๐™๐™ค๐™ช๐™ฉ ๐™ฉ๐™๐™š ๐™ฌ๐™ค๐™ง๐™ก๐™™. $BTC $ETH #BTC #ETH #ETF

๐Ÿ‡ฆ๐Ÿ‡บ ๐—”๐˜‚๐˜€๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐—ฎ ๐—ช๐—ถ๐—น๐—น ๐—Ÿ๐—ฎ๐˜‚๐—ป๐—ฐ๐—ต ๐—™๐—ถ๐—ฟ๐˜€๐˜ ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—˜๐—ง๐—™ ๐—ถ๐—ป ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ

The Australian Securities Exchange (ASX) could approve a spot Bitcoin ETF by the end of 2024. Bloomberg reports this.

๐Ÿ—ฃ According to BetaShares head of digital assets Justin Arzadon, the firm is preparing its Bitcoin ETF for listing on the ASX and has already reserved tickers. The influx of investment in the instrument in the United States โ€œproves that cryptocurrencies are here to stay,โ€ he added. Australia's $2.3 trillion superannuation market could help fuel inflows to funds, the article says.

๐Ÿ‡ญ๐Ÿ‡ฐ ๐™๐™ค๐™ข๐™ค๐™ง๐™ง๐™ค๐™ฌ, ๐™ฉ๐™๐™š ๐™›๐™ž๐™ง๐™จ๐™ฉ ๐™จ๐™ฅ๐™ค๐™ฉ ๐˜ฝ๐™๐˜พ ๐™–๐™ฃ๐™™ ๐™€๐™๐™ƒ ๐™€๐™๐™๐™จ ๐™ฌ๐™ž๐™ก๐™ก ๐™—๐™š ๐™ก๐™–๐™ช๐™ฃ๐™˜๐™๐™š๐™™ ๐™ž๐™ฃ ๐™ƒ๐™ค๐™ฃ๐™œ ๐™†๐™ค๐™ฃ๐™œ, ๐™ฉ๐™๐™ž๐™จ ๐™š๐™ซ๐™š๐™ฃ๐™ฉ ๐™ฌ๐™ž๐™ก๐™ก ๐™—๐™š ๐™–๐™ฃ๐™ค๐™ฉ๐™๐™š๐™ง ๐™ž๐™ข๐™ฅ๐™ค๐™ง๐™ฉ๐™–๐™ฃ๐™ฉ ๐™จ๐™ฉ๐™š๐™ฅ ๐™ž๐™ฃ ๐™ฉ๐™๐™š ๐™–๐™™๐™ค๐™ฅ๐™ฉ๐™ž๐™ค๐™ฃ ๐™ค๐™› ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค๐™˜๐™ช๐™ง๐™ง๐™š๐™ฃ๐™˜๐™ฎ ๐™ฉ๐™๐™ง๐™ค๐™ช๐™œ๐™๐™ค๐™ช๐™ฉ ๐™ฉ๐™๐™š ๐™ฌ๐™ค๐™ง๐™ก๐™™.

$BTC $ETH #BTC #ETH #ETF

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๐Ÿ“Š Binance trading volumes spike 72% despite market decline ๐Ÿ”ธ In April, derivatives trading volume on the largest exchanges decreased by 1.4% month-on-month. However, futures trading volumes on Binance, the largest centralized exchange (CEX), rose more than 72% in April compared to March. According to the Wu Blockchain team, the sharp increase in trading volume is due to Binance introducing a time-limited fee discount for USDC perpetual contracts, which led to a rise in trading volume for perpetual agreements. However, excluding this, the total trading volume in April decreased by 26.6% compared to the previous month. The three largest declines in futures trading volumes were the exchanges Bitget at 16.1%, Crypto.com at 15.6%, and HTX at a 13.4% decline. Spot trading volume fell even further, down nearly 38% month-on-month. Of all exchanges, Gate was the only one to see an uptick in activity at 13.7%. The exchanges that took the biggest hits were Kucoin at 70.8%, Upbit with a 57.5% decline, and Bitfinex with a 47.7% decrease. In early April, Binance Futures introduced a trading fee discount for all USDC-margined perpetual contracts. During the promotion, all Binance users received discounts when trading any USDC-margined perpetual contracts. The promotion began shortly after Binance founder Changpeng Zhao was sentenced to four months in prison due to violating the Bank Secrecy Act, and the exchange was fined $4.4 billion as a result. ๐Ÿ”ธ Zhao pleaded guilty and made a deal with the investigation, resigning as CEO of Binance and agreeing to pay a $50 million fine. #binance #bnb $BNB
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๐Ÿ”ฅ Ethereum Transaction Fees Slide Nearly 94% Over the Past 68 Days Over the previous 68 days, since March 5, 2024, Ethereumโ€™s transaction fees have fallen by 93.7%, from $30.33 per transfer to $1.91 per transaction.This move is similar to Bitcoinโ€™s on-chain fees, which have also recently seen a significant decline.ย  ๐Ÿ”ธ Declining Ethereum Fees: A 68-Day Overview Transacting on the Ethereum blockchain has become significantly more affordable this week, with the average cost now at approximately 0.00065 ETH, or $1.91 per transaction, as reported by bitinfocharts.com.ย  Additionally, executing a basic ETH transfer currently costs between 4 and 7 gwei, or $0.18 to $0.37 per transfer, according toย dataย collected by etherscan.ioโ€™s gas tracker. This weekend, engaging in a decentralized exchange (dex) swap on Ethereum can cost an estimated $4.16 and $7.28, while conducting an NFT sale may range from $7.03 to $12.31.ย  Over the last 50 days, Ethereum has averaged just over one million transactions daily. The busiest day was March 22, 2024, recording 1.324 million transactions, while the slowest was April 4, 2024, with 1.091 million transactions.ย  The average daily transaction count over this period stands at approximately 1.212 million. ๐Ÿ”ธ Inflationary Ether and $12.5 Billion Ethereum Burned Accordingย to figures from ultrasound.money, Ethereum is currently experiencing an inflation rate of 0.895% annually.ย  However, had Ethereum not shifted from a proof-of-work (PoW) system to a proof-of-stake (PoS) framework, the annual issuance rate under PoW would have been 3.923%. On top of the issuance rate, it has been 1,010 days since the London fork on August 5, 2021. The London upgrade essentially introduced the Ethereum Improvement Proposal (EIP)-1559.ย  This amendment changed the gas fee structure from a first-price auction model to a more stable base fee that is burned, eliminating it from circulation forever. Since this implementation, 4.29 million ETH, valued at $12.51 billion, has been burned to date.ย  $ETH #ETH #Ethereum
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โš ๏ธ Why $64,300 is a Pivotal Range for Bitcoinโ€™s (BTC) Price Rally: Hereโ€™s What to Expect! The Bitcoin bears display significant strength as they continue suppressing the price levels within a pre-defined range. The longs were quickly pulled down as they appeared to be poised to find new monthly highs above $64,000, which would have changed the entire scenario of theย BTC priceย rally in the short term. While the long-term trade remains unchanged and bullish, the short-term price variation may play a vital role in attracting liquidity.ย  Therefore, it has become more important for the Bitcoin price to reach a specific range, if it intends to reclaim the lost levels above $65,000. However, the question arises whether the bears will allow the rally to remain within the bullish range or if it is just another trap. After the latest pullback, the bears are shorting with confidence, having the liquidation range between $64,000 and $67,000. Therefore, this range may be extremely crucial as it carries a decisive range, which may turn the tables for the BTC price rally in the coming days. One of the top analysts,ย ALI, marks the key levels and says the future of the price is largely dependent on this range.ย  The analyst has used the MVRV extreme deviation pricing band, which has been derived from the MVRV ratio based on the degree of deviation. Here, the upper and lower bands are calculated and computed from these levels, representing +/- 0.5 to 1.0 standard deviations. Having said that, the pivotal level at +0.5 standard deviation is around $64,290, which can be considered as a key range to achieve. Hence, the analysts say thatย  ๐Ÿ’ฌ โ€œIf Bitcoin can reclaim $64,290 as a support, it is likely to rise towards $76,610. However, if it fails to surpass $64,290, BTC might retest support at $51,970.โ€ In a larger perspective, the bulls have been holding the range around $56,800 pretty strongly and have triggered a strong rebound a couple of times. Therefore, if acute selling pressure mounts up, then it could break the support levels. $BTC #BTC #Bitcoin
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๐Ÿ”ฅ Top Three Cryptocurrency to Watch this Week ! Track this week's crucial crypto movements: ETH below $3,000, BOME's EMA tussle, and AVAX's breakout potential. ๐Ÿ”ธ Ethereum's Struggle to Maintain $3,000 Ethereum, the second-largest cryptocurrency by market cap, has had a tumultuous time maintaining its foothold above the $3,000 threshold. After a hopeful rally attempt, Ethereum succumbed to ongoing bearish pressures, initiating the week with a 2.37% decline on May 5th and continuing to slide, marking a total decrease of 5.3% over three days. The coin's struggle was evident as it dipped to $2,934, remaining below the critical $3,000 mark despite briefly surpassing it after a temporary recovery on May 9th. Ethereum's fluctuating prices reflect the intense volatility within the market, underscoring the uncertainties prevailing in the crypto landscape. ๐Ÿ”ธ BOME's Battle with the 26-Day EMA BOME, the only meme coin featured in our analysis, also demonstrated vulnerability to the market's instability. Starting the week strongly above its 26-day Exponential Moving Average (EMA), BOME fell below this indicator, signaling a bearish outlook before a sharp 7.89% rise on May 6th. However, this gain was short-lived as the coin once again flirted with the EMA threshold. Currently priced at $0.010863, BOME stands slightly above the 26-day EMA at $0.010828, with potential declines threatening to push it below critical support levels. ๐Ÿ”ธ Avalanche's Potential Breakout and Collaboration Avalancheย has captured significant attention within the cryptocurrency community, hinting at a potential breakout from its current consolidation phase. Despite recent setbacks, the coin has seen a 117% increase on its yearly chart, suggesting growing investor interest. The anticipation builds around its price movements as it tests resistance levels that could herald a new phase of price increases. Adding to the intrigue, Avalanche's collaboration with Term Labs introduces fixed-rate lending on its platform, promising enhanced security and lower transaction fees. $ETH $BOME $AVAX #AVAX #ETH
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โ“ DOGE Price Prediction: Will DOGE Crash Again to $0.10? The cryptocurrency market has been experiencing considerable volatility, with DOGE, in particular, attracting significant attention. Over the past 24 hours, the market saw a marginal decline of 0.51%, while DOGE's weekly performance paints a more alarming picture, showing a substantial loss of 11.45%. As investors grapple with these fluctuations, the question on everyone's mind is whether DOGE will experience another crash, potentially plummeting to $0.10. ๐Ÿ”ธ DOGE Price Today: Dogecoin Analysis Analyzing DOGE's performance reveals a tumultuous journey over the past week. Despite its slight decline in the last 24 hours, DOGE remains an active player in the market, with a traded volume of $592 million. However, its significant weekly loss underscores the challenges it faces amidst the current market dynamics. This is clear as we can clearly see a downtrend that started as soon as DOGE prices hit the year-high price of $0.22. ๐Ÿ”ธ Why is Dogecoin Price Down? DOGE's recent downturn can be attributed to broader market trends, with many cryptocurrencies, including DOGE, succumbing to selling pressure. Bitcoin's failure to breach its all-time high has cast a shadow over the entire market, triggering a corrective phase. Consequently, DOGE has retreated from its recent highs, settling at its current price of $0.1430. ๐Ÿ”ธDOGE Price Prediction: Will DOGE Crash to $0.10? As DOGE hovers around the $0.140 mark, investors are closely monitoring its next move. This critical level has been tested in recent weeks, reflecting the intense tug-of-war between buyers and sellers. Should DOGE breach this level, it may pave the way for a further decline towards targets of $0.13 and $0.12. However, upwards trends can propel DOGE prices higher towards the following targets: - $0.16 - $0.18 - $0.20 $DOGE #DOGE
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