Institutional investors are playing a key role in the Bitcoin ETF field, leading to significant changes in the cryptocurrency market. Meanwhile, retail investors choose to remain cautious. IntotheBlock's report shows a divided market landscape, with hedge funds and pension funds increasing their holdings of Bitcoin through ETFs, while ordinary investors still maintain a cautious attitude.

Institutional investors launch Bitcoin ETF.

In early 2024, the Bitcoin Exchange Traded Fund (ETF) was listed on the New York Stock Exchange, marking an important turning point and paving the way for institutional investors to enter the cryptocurrency market. At the same time, this development is a boon for investors who hold a large amount of Bitcoin, also known as "Bitcoin Whales," as they use these emerging financial instruments to buy large quantities of such cryptocurrencies.

According to data from IntotheBlock, these whales have collectively accumulated an additional 250,000 BTC, bringing their Bitcoin holdings back to the level before the FTX crash in 2023.

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Source: IntoTheBlock

Hedging funds, long regarded as the driving force behind institutional adoption, are living up to expectations. According to reports, financial giants like Millennium Management have invested billions of dollars in Bitcoin ETFs, indicating their confidence in the future of cryptocurrencies. Even public pension funds in the United States have joined the game, causing a sensation with a $160 million investment in Bitcoin ETFs in Wisconsin.

The US ETF boom is fading, but the journey continues

Although institutions were initially enthusiastic about the acceptance of the Bitcoin ETF in the United States, the record-breaking influx of funds in January fueled the rise of the entire cryptocurrency market, but now it seems that this trend is cooling down. Experts believe that the early surge may have been driven by a few enthusiastic institutional adopters. However, in recent weeks, there has been a decrease in the influx of funds, indicating that some investors are taking a wait-and-see approach.

In Hong Kong across the Pacific Ocean, the recently launched Bitcoin ETF has received a tepid response. The trading volume on the first day was only $12.7 million, far below the $4.6 billion set by US ETFs on their first day of listing. This lukewarm situation indicates that the Asian market may not be so eager to embrace cryptocurrencies for the time being.

Retail investors stay calm and hold steady, maintaining a cool stance towards market speculation.

This story adds another layer of complexity, as retail investors do not seem enthusiastic. The report shows a significant decrease in the creation of new Bitcoin addresses, which is often used as an indicator of retail participation. This suggests that many individual investors are still on the sidelines, skeptical of the recent price surge or cautious of the volatility of cryptocurrencies.

The possible reasons for this hesitation may be multifaceted. The collapse of FTX may have left some investors dissatisfied, while the overall market correction in early 2024 may have prompted caution. In addition, the complexity of ETFs, combined with the novelty of cryptocurrency investment for some investors, may have created a cautious attitude among retail investors.

This hesitation could be caused by multiple factors. One reason is that the collapse of FTX may have disappointed some investors, which could make them hold a reserved attitude towards the cryptocurrency market. Additionally, the overall adjustment of the market in early 2024 may have made people more cautious, as market fluctuations could make them worry about investment risks. Furthermore, the complexity of ETFs and the relatively unfamiliar nature of cryptocurrency investment for some investors may prompt retail investors to choose to wait temporarily for clearer trend signals in the market.

At the time of writing this article, the trading price of Bitcoin is $67,032, which has increased by 0.7% in the past 24 hours, and according to Coingecko's data, it has achieved an impressive 11.0% price increase in the past week.

Conclusion:

With the rise of Bitcoin ETF, the cryptocurrency market is undergoing an unprecedented transformation. The active participation of institutional investors injects new vitality into the market, while the cautious wait-and-see attitude of retail investors reflects the complexity and uncertainty of the market.

Despite the short-term market fluctuations and adjustments, the long-term potential and value of cryptocurrencies as an emerging asset class are still favored by many investors.

With the maturity of the market and the improvement of regulation, we have reason to believe that cryptocurrency will play an increasingly important role in the future financial system. Let us wait and see how this journey led by institutional whales will shape the future of cryptocurrency.

The United States economic schedule will once again usher in a busy week, and the cryptocurrency market has resumed its consolidation. Will the volatility increase this week?

The highlight of the week's economy is the Federal Reserve meeting minutes and the important earnings report from semiconductor giant Nvidia.

There are also reports on global manufacturing and services indexes, as well as consumer inflation expectations, all of which may have certain impacts on the market.

May 20th to 24th Economic Schedule

Last week, the Dow Jones Industrial Average (DJIA) broke through the 40,000-point mark for the first time. The stock market gained momentum due to favorable figures in the CPI report, which sparked speculation about the US economy cooling down and the Central Bank potentially cutting interest rates in the coming months.

This Wednesday, the market will welcome the release of the minutes of the Federal Open Market Committee (FOMC) meeting in May. These minutes are expected to provide investors with more information and insights into the future direction of monetary policy and possible timing of interest rate cuts.

On Thursday, the preliminary report on global manufacturing PMI for May will be released, capturing the business conditions in the manufacturing sector.

On May 23rd, the PMI report related to the service industry will be released. This report is an important leading economic indicator. The service industry plays a vital role in the US economy, contributing over 70% to the GDP. Therefore, this report can reflect the latest changes in the economic situation.

On Friday, we will see the Consumer Confidence Index for May, which measures inflation expectations. These reports depict the monthly survey results on consumer confidence levels in the country.

On Wednesday, semiconductor giant Nvidia also has an eagerly anticipated quarterly revenue report, which may continue to drive the rise of technology stocks and cryptocurrencies.

In a commentary on May 19, the media "Kobeissi Letter" pointed out the divergence of this market view.

"Risers believe that Nvidia's stock price will continue to rise, breaking through the all-time high, while bearish investors believe that the stock price has reached its peak and will decline next."

On Monday, May 20th, Asian stocks rose slightly, in line with gains on Wall Street. Investors in the region are eagerly awaiting several key economic indicators to be released this week, including inflation data from Japan and interest rate decisions from South Korea.

Cryptocurrency Market Impact

This week there are no major economic events, and the cryptocurrency market is unlikely to be significantly affected. Volatility may remain low.

Last week, the cryptocurrency market received a boost, with a total market cap exceeding $2.5 trillion and maintaining gains over the weekend. However, in the past 24 hours, they have slightly declined, down by 1.2%.

Bitcoin fell to an intraday low of $66,000, but found support at that level and rebounded to $67,000 during Monday morning's Asian trading session as of the time of writing.

Ethereum fell 1.3% on the day, dropping to $3,078, after reaching a high of $3,142 over the weekend. Altcoins generally fell on Monday morning.

Conclusion:

This week, although the US economic agenda is full, the cryptocurrency market is expected to not be greatly affected and market volatility may remain stable. Despite the total market capitalization of cryptocurrencies breaking through the $2.5 trillion mark last week, there was a slight pullback in the market in the short term. Major cryptocurrencies such as Bitcoin and Ethereum experienced some price fluctuations, but overall market sentiment remains positive.

Investors will continue to pay attention to the FOMC meeting minutes from the Federal Reserve, the earnings reports of important companies such as Nvidia, as well as key economic indicators such as global manufacturing and services PMI. Although these factors may have some impact on traditional markets, the impact on the cryptocurrency market is expected to be limited.

As the cryptocurrency market matures and the global economic environment changes, investors should maintain a cautious and optimistic attitude, closely monitor market trends and macroeconomic indicators, in order to make wise investment decisions. At the same time, the uniqueness and decentralization of the cryptocurrency market mean that its price fluctuations may be more influenced by internal industry factors and technological innovations. Therefore, market participants need to consider comprehensive information from various aspects to grasp the development trends of the cryptocurrency market.

A source revealed that Dogecoin (DOGE) is expected to be integrated into Elon Musk's X (also known as "Twitter") payment platform, sparking excited discussions within the Dogecoin community. However, before Dogecoin can truly skyrocket, we need to take a closer look at this situation.

Believers in Dogecoin are excited about tweets from insiders

"DogeDesigner", an insider with connections to both X official and Dogecoin, sparked excitement in the Dogecoin community with a tweet suggesting that X Pay may support Dogecoin by the end of 2024. This hint has ignited enthusiasm among cryptocurrency enthusiasts and regular users who are eagerly looking forward to seeing Dogecoin take a prominent position on this popular platform.

Musk remains silent: Can Dogecoin usher in the dawn of X?

Speculations about the possible integration of Dogecoin with platform X have appeared more than once. Whenever such rumors arise, they always arouse great interest in the cryptocurrency community, especially among those members who use the Dogecoin logo as their avatar. They always display an incredibly optimistic attitude and respond positively to such speculations.

However, as the controller of X platform and a fan of Dogecoin, Musk has remained silent. He has not directly denied the possibility of including DOGE, but at the same time, it is quite difficult to obtain formal confirmation from him.

The current total market capitalization of cryptocurrencies is 2.3 trillion US dollars | Chart: TradingView

" "

The lack of confirmation has not weakened the morale of the Dogecoin army. Their unwavering optimism has been further strengthened by X company recently obtaining licenses that allow them to process cryptocurrency payments in specific US states. This interesting move has sparked speculation in the crypto world, with many interpreting it as a potential first step towards accepting DOGE as a payment method.

The confirmed absence did not dampen the enthusiasm of Dogecoin supporters. They are excited about the news of X company recently obtaining a specific cryptocurrency payment license in certain US states, which further fuels their optimism. The crypto community has been discussing this extensively, with many believing that this could be an initial step for the X platform to accept Dogecoin as a payment method.

Consider the real situation

Although people are excited about this, the reality must be considered. First of all, Musk has repeatedly emphasized that neither the X platform nor his other ventures have plans to launch their own cryptocurrency. This statement is a direct response to scams targeting uninformed investors and rumors about the future "X coin". At the same time, the ongoing scrutiny of altcoins by the Securities and Exchange Commission in the United States may also have influenced this decision.

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DOGE price trend last week | Data source: CoinMarketCap

Secondly, even if X payment accepts cryptocurrencies, it does not guarantee that Dogecoin will be chosen. Some more valuable and widely adopted cryptocurrencies may be more attractive choices for X.

The Unbreakable Hope of the Dogecoin Community

These difficulties have not discouraged the loyal Dogecoin fan community. They still have hope that Musk's previous affection for this initially joking currency will make Dogecoin a payment option on X platform. Whether their persistent optimism can eventually turn into reality, or if their expectations for X platform adopting Dogecoin will be shattered, time will reveal the answer.

Will X payment be the starting point for the next big rise of Dogecoin, or will the expectations of Dogecoin be shelved again? It all depends on Musk's attitude and the constantly changing regulatory environment of cryptocurrencies.

Conclusion:

In the evolving world of cryptocurrency, the Dogecoin community is eagerly anticipating the integration of X Pay platform. Despite facing uncertainties, Musk's attitude and the development of regulatory policies will be crucial in determining its fate. Dogecoin supporters continue to demonstrate their loyalty and optimism, and time will tell whether this anticipation will turn into reality.

Summary:

• Venezuela will cut off power to all cryptocurrency mining farms in the national power system.

• Power cuts are implemented by authorities due to excessive energy consumption and resulting blackouts.

• This measure mainly targets miners who do not pay electricity bills.

Venezuela's Ministry of Electricity has announced plans to cut off all cryptocurrency mining farms connected to the national power grid (SEN).

This announcement will affect all miners who rely on the national power grid and has been released on the official Instagram account of the Ministry of Power.

How will this plan affect Venezuela's cryptocurrency mining industry?

Venezuela's state electricity company (Corpoelec) and the Public Ministry (MP) support the plan. The authorities in the country have urged restrictions on the power supply to cryptocurrency mining farms, including Bitcoin.

The government claims that this measure is due to concerns about the stability of the national power system. In addition, they aim to put an end to the "free" electricity consumption by miners.

The government claims that they are taking this measure because they are concerned about the stability of the national power system. At the same time, the government also plans to stop allowing miners to use electricity for free.

According to local media reports, Governor Rafael Lacava of Carabobo State emphasized the urgency of this restriction. Lacava, together with Minister of Electricity Jorge Márquez, called for a reduction in the activities of these data centers.

"Lakawa said, 'Neighbors, if you find any suspicious mining farm operations, please ask them to stop or report to us. This is because they illegally occupy electricity for profit, which affects your normal power usage.'"

The Venezuelan government justified the power outages by citing the high electricity consumption required by these cryptocurrency mining farms. The government claims that these mining farms also cause frequent blackouts in the surrounding areas. In addition, the government reiterated its intention to ban illegal crypto mining.

The Power Department said, "This power outage will avoid causing a huge impact on electricity demand, allowing us to continue providing efficient and reliable service to all Venezuelan people."

Although the Venezuelan government has ordered the cessation of cryptocurrency mining activities on the national grid, it is currently unclear whether miners who do not rely on the national grid can continue to operate as they are also facing restrictions. In March 2023, following an investigation into a major corruption scheme, Venezuelan regulatory authorities ordered the suspension of cryptocurrency mining activities nationwide.

It is alleged that the plan illegally transferred funds that were supposed to be paid to the state-owned Venezuelan oil company (PDSVA) through a cryptocurrency wallet. At the same time, some members of the Venezuelan National Cryptocurrency and Related Activities Regulatory Authority (SUNACRIP) have been arrested for their involvement in corruption.

Address transaction related to SUNACRIP potential | Source: Wilson Center

Conclusion:

The Venezuelan government has decided to cut off the cryptocurrency mining farms from the national power grid in order to address the high energy consumption issue and prevent instability in the electricity system. This move mainly affects miners who do not pay electricity fees, while the government also emphasizes its determination to combat illegal mining activities.

Despite the uncertainties, especially for miners who do not rely on the national power grid, the government has indicated that it will prioritize providing stable power services to the citizens.

In addition, the importance of regulation in the field of crypto mining is further highlighted by corruption investigations and the arrest of members of the regulatory body SUNACRIP. This series of actions may drive the mining industry towards a more compliant and energy-efficient direction.

According to an analyst, although the crypto market has been moving sideways for the past three months, at least five onchain data indicate that the bull market may be just beginning.

Since the end of February, the market value of cryptocurrencies has been hovering around $2.5 trillion. Market observers are undecided whether the cycle has already ended or not. According to an article shared by Analyst ELI5 of TLDR on May 19th, these five on-chain data points indicate that a bull market is on its way.

Bitcoin dominance is above 56%.

Cyclically, crypto bull markets start with the dominance of Bitcoin and most traders sell their altcoins during the previous bear market cycle.

On the other hand, when BTC dominance decreases and the altcoin bull starts, it indicates the next stage of the cycle. However, the situation does not seem to be like this yet. According to TradingView, Bitcoin dominance is just above 56%. Bitcoin's market share has been above 50% since October 2023.

Critical data for the Bitcoin summit

According to LookIntoBitcoin charts, the Bitcoin MVRV Z-Score compares the asset's current market value or capitalization with its historical average value and typically reaches its peak at around 6 during cycle tops.

According to LookIntoBitcoin, currently it is less than half of this and has not exceeded 6 since March 2021.

The number of mined Bitcoins is becoming increasingly important.

Puell Multiple is another metric that is in line with cycle peaks and has not yet done so. This indicator is calculated by dividing the daily value of mined Bitcoin by its annual moving average. According to Coinglass, Puell Multiple fell below 1 after the halving on April 20th. Peaks above 3 usually correspond to cycle peaks and only reached 2.4 during the price pump in mid-March 2024.

The movements of diamond hands are important

According to LookIntoBitcoin, charts that show how much BTC is held by diamond hands, also known as HODL investors, can also give a bullish signal for Bitcoin.

Realized Cap HODL Waves provides a macro view of how much Bitcoin is held by recent buyers compared to some time ago. The decline in peaks in younger bands indicates that selling pressure has exhausted and there could be room for further upside.

Miner revenues will be determining.

The fifth upward factor from on-chain data is the miner revenue per hash, which shows how much money miners earn for transactions. Although the hash rate tends to decrease from time to time, ELI5 indicated that the last two increases came at $0.3 per terahash per second during previous market cycle peaks.

On the other hand, there are several on-chain data that suggest the markets may have become overheated and reached their peak. The RHODL (Realized HODL) ratio compares the average price of recently purchased coins with the average price of coins purchased 1-2 years ago.

If new buyers are paying much more than long-term holders for BTC, as this metric indicates in March, it could suggest that the market has reached its peak.

Cumulative Value Destroyed Days (CVDD) metric also seems to have peaked. This metric records the cumulative total of the value-time equation as a proportion of market age when coins move from old hands to new hands.

ELI5, "If a large number of old coins start moving at the same time, it could be a sign that this market is reaching its peak," he said.

This article does not contain investment advice or recommendations. Every investment and trading activity carries risks, and readers should conduct their own research when making decisions.

The cryptocurrency market will witness intense altcoin unlockings this week. A total of 19 altcoins, worth millions of dollars, will be released to the market as their tokens are unlocked. This situation can have a significant impact on both prices and liquidity.

How much will altcoin projects be affected?

This week's altcoin calendar features several key developments. Some of the most important ones are as follows:

• Pyth Network (PYTH): The largest lock-up will take place in PYTH with a token worth 809.09 million dollars. This is equivalent to 141.65% of the market value and can create significant pressure on the price.

• GateToken (GT): Token unlocking worth $52.28 million will occur in GT. This corresponds to 7.15% of the market value and may lead to significant price fluctuations.

• Mintlayer (ML): Token worth $5.89 million will be unlocked in ML. This accounts for 26.19% of the market value and may result in significant price fluctuations.

• Forgotten Playland (FP): Token worth $3.84 million will be unlocked in FP. This is equivalent to 45.08% of the market value and can cause a significant drop in price.

• Avalanche (AVAX): On May 22nd, 9.54 million AVAX (worth $347 million) will be unlocked. This represents 2.49% of the circulating supply.

• Space ID (ID): On May 22, 18.4 million ID tokens (worth $13.7 million) will be unlocked. This represents 4.29% of the circulating supply.

• Algorand (ALGO): On May 22, 33.34 million ALGO (worth $6 million) will be unlocked. This corresponds to 0.33% of the circulating supply.

• Bonfida (FIDA): On May 23, 18.2 million FIDA tokens (worth 5 million dollars) will be unlocked. This represents 1.82% of the circulating supply.

• Coin98 (C98): On May 25th, 19.4 million C98 tokens (worth 6 million dollars) will be unlocked. This corresponds to 1.94% of the circulating supply.

• Polkadot (DOT): On May 26th, 401,000 DOT tokens (valued at $2.89 million) will be unlocked. This represents 0.08% of the circulating supply.

• Dogechain (DC): On May 26, 1.75 million DC (worth 1.75 million dollars) will be unlocked. This corresponds to 11.36% of the circulating supply.

• Nexo (NEXO): On May 20th, 16.5 million NEXO tokens (worth 11.7 million dollars) will be unlocked. This represents 1.93% of the circulating supply.

• Livepeer (LPT): On May 20, 1.5 million LPT tokens (worth 1.3 million dollars) will be unlocked. This corresponds to 1.83% of the circulating supply.

• Fetch.ai (FET): On May 21st, 125 million FET tokens (worth 1.5 million dollars) will be unlocked. This represents 1.05% of the circulating supply.

• dYdX (DYDX): On May 21, 11.3 million DYDX tokens (worth $4.5 million) will be unlocked. This represents 1.06% of the circulating supply.

• Covalent (CQT): On May 22nd, 1.83 million CQT (worth $1.3 million) will be unlocked. This corresponds to 1.42% of the circulating supply.

• Ribbon Finance (RBN): On May 24th, 17.39 million RBN tokens (valued at $6.9 million) will be unlocked. This represents 3.99% of the circulating supply.

• Mask Network (MASK): On May 24th, 2.07 million MASK tokens (worth $1.3 million) will be unlocked. This is equivalent to 0.67% of the circulating supply.

• H2O Dao (H2O): On May 25th, 1.72 million H2O tokens (worth 1.8 million dollars) will be unlocked. This represents 1.04% of the circulating supply.

What are the effects of unlocking?

Token unlockings can cause fluctuations in prices by affecting supply and demand. Especially large unlockings can lead to significant price drops. Unlockings can increase liquidity in the market with the entry of new tokens. This can make trading easier for investors. Unlockings can increase volatility by creating uncertainty in the market. It is important for investors to be cautious in this situation and prioritize risk management.

An Analyst Identified 4 Explosive Altcoins: Shattering the Peaks! It is important for investors who invest in altcoins that will be affected by key openings to follow these events and conduct the necessary analysis. Investors should be cautious of price fluctuations and increased volatility, and pay attention to risk management. Additionally, it should be noted that key openings may not necessarily affect the token's long-term value.

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A cryptocurrency investor became a millionaire in just a few hours.

According to the sharing of the blockchain analysis platform Lookonchain, a trader using the sundayfunday.sol address in Solana deposited 1DOL token with 13 SOL (2.275 dollars).

This name was also the largest investor participating in BOME's presale. During the presale process, they spent 421 Solana (approximately $72,000) and acquired 1.43 billion BOME.

Later, he sold 38,305 Solana (7.66 million dollars) in exchange for 530 billion BOME, and still holds 894 billion BOME (10.5 million dollars) in his wallet.

According to the sharing of Lookonchain, the trader bought 242 million 1DOL a few hours ago and their current value is 2.26 million dollars.

The largest cryptocurrency Bitcoin is trying to hold at $67,000. The current price is consolidating in a tight range, indicating a potential exhaustion phase. However, looking at the bigger picture, it can be seen that buyers are preparing for the next price movement.

Bitcoin fluctuated within a cycle characterized by high and low levels after the volatility in the fourth quarter of 2023. As a result, the BTC price reached an all-time high (ATH) of $73,750. Currently, Bitcoin is in a downward trend but above $60,000. Despite the slowdown, there is a possibility of Bitcoin's adoption, expansion, and even reclaiming $73,800.

According to analysts, after this rise, BTC can reach $80 or even higher, which is the all-time high level.

Three coins are highlighted, which are said to increase by 10x in case of a BTC rally.

Sealana (SEAL) Aims to Be Among the Leading Coins of Solana

Sealana aims to provide entertainment and investment opportunities for crypto enthusiasts as a new meme coin built on the Solana network. The fact that it has raised nearly $2 million in funds during the presale period shows how popular it is among investors. Those who want to buy Sealana tokens can currently obtain them at $0.022.

The symbol of the project is an overweight seal who gave up a healthy lifestyle for the sake of a meme coin that he hopes will bring him great wealth. An integral part of Sealana's charm is this funny character inspired by South Park's World of Warcraft Guy.

Solana, similar to the new approach used in recent meme coin launches, does not include price tiers or fixed upper limits in its presale. The SEAL token can be purchased by all presale participants at a fixed price of $0.022.

Sealana's pre-sale website makes it very easy to trade SEAL with SOL, ETH, USDT, USDC, or BNB. On the other hand, before the meme coin is launched, investors can receive SEAL tokens as an airdrop by sending SOL to Sealana's wallet address. This is similar to the recent Slothana pre-sale that caused a storm in the market.

The exact end time of Sealana's presale is not known due to the absence of any restrictions. When the presale will end and when the token will be available on exchanges are completely under the control of the SEAL team. Analysts say that they will most likely do this during the meme coin rally for a 10x increase in SEAL.

Dogeverse investors, recognized as Multi-Chain Voyager Doge, are expecting huge profits.

Dogeverse (DOGEVERSE), the first multi-chain meme coin, is at the forefront of the meme coin industry. The fact that more than 15 million dollars worth of Dogeverse tokens were purchased during the presale event also proves its popularity. Unlike traditional single-chain tokens, Dogeverse operates on multiple top-level blockchains, including Ethereum, BNB Chain, Polygon, Base, Avalanche, and Solana.

The usefulness and appeal of this token are enhanced by its multi-chain feature, which allows users to navigate seamlessly across multiple ecosystems. The flexibility to choose blockchain with the best combination of transaction speed and cost efficiency is of great importance to token holders.

Dogeverse's mascot Cosmo the Doge enhances the coin's appeal with its lively and fun background. This not only sets the token apart from others but also attracts users to it.

Currently, there are 200 billion DOGEVERSE tokens in circulation, with 30 billion reserved for the ongoing ICO. The initial coin offering (ICO), which aimed to raise a total of 17 million dollars, achieved great success by raising over 15 million dollars in just a few weeks.

A DOGEVERSE coin is currently valued at 0.00031 dollars, offering stake rewards with an annual percentage yield (APY) of over 50%. The presale is expected to end shortly.

WienerAI (WAI) Benefits from the Artificial Intelligence Trend Using Community Support

WienerAI (WAI), which has an original dog theme blended with artificial intelligence (AI), is emerging as the newest craze in the meme coin market. WienerAI has attracted investors since its inception, standing out in the pre-sale phase. As a result, over 2.3 million dollars worth of WienerAI tokens were purchased in a short period of time.

AI teknolojisinin dahil edilmesi WienerAI’yı diğer meme coin’lerden ayırırken kriptonun işleyişini iyileştirerek yeni özellikler sağlıyor Token arzının yüzde 30’unun halihazırda dolaşımda olması nedeniyle yatırımcılar, token borsalarda listelendiğinde fiyatın yükselmesini umarak 0,000708 dolarlık mevcut fiyattan harekete geçmek için acele ediyor.

Token holders have another option to earn profits by staking with WienerAI. Currently, those who buy and stake the token can earn over 420% APY. Given the continuous excitement and fast funding in the ICO, the token is likely to maintain its current level of interest.

Disclaimer: This is sponsored content and a press release, and the views expressed here do not reflect the opinions of the Kriptokoin.com team. The high risk of loss in leverage trading and cryptocurrency investments should always be taken into consideration, and comprehensive research should be conducted before investing in any platform. Follow us on Twitter, Facebook, and Instagram for instant updates on breaking news, and join our Telegram and YouTube channels.

This week, you can find important dates and detailed developments that may affect all financial markets in the content of our news.

In addition to technical analysis, tracking macroeconomic news is always important for the cryptocurrency market. We have compiled important financial developments that will occur between May 20th and May 26th for our valuable readers.

• • May 20th Monday

• IRISnet (IRIS), mainnet 3.0 upgrade will take place.
• Moonbeam (GLMR) will bring Moonrise to life.

" "

• • May 21, Tuesday

• US Treasury Secretary Yellen will make statements. (11.00 AM GMT)
• Chiliz will launch Tokenomics 2.0 and perform the Dragon8 Hard Fork upgrade.

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• • 22 May Wednesday

• Federal Open Market Committee (FOMC) meeting minutes will be published. (GMT 21.00)
• Nvidia earnings report will be announced. (UTC 23:05)

" "

• • Thursday, May 23rd

• The Central Bank of the Republic of Turkey (CBRT) will announce its interest rate decision.
• The deadline for the SEC to make a decision on a series of spot Ethereum ETFs.

" "

• • May 24, Friday

• Fetchai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) will merge under the name Artificial Superintelligence Alliance, and ASI token will be released.
• Ethereum (ETH) Berlin event will start.

Bitcoin (BTC) is fluctuating with cautious optimism as it reclaims the $67,000 level, causing ripples in the cryptocurrency market. This comes after double-digit gains for the leading crypto asset over the past week, sparking debates among analysts on whether this is a true re-accumulation phase or a temporary delay.

Bitcoin back above $67,000

At the time of writing, Bitcoin is trading at $67,132 and has a market value of $1.322 trillion. This recent surge came after a period of consolidation. Some analysts suggest that this could be the last buying opportunity before a significant price increase. Popular analyst Rekt Capital believes that Bitcoin is currently in the "last halving pullback" phase before a historically significant upward trend. It points to a -23.6% pullback seen in 2024, indicating the deepest pullback of the current cycle.

According to Rekt Capital, this provides an important opportunity for investors to accumulate Bitcoin before a potential parabolic rise. Rekt Capital summarizes the concept of the "Re-Accumulation Range" that typically occurs in the weeks before and after the Bitcoin halving event. This range, which fluctuates roughly between $60,000 and $70,000, can last for several weeks, potentially up to five months. When BTC breaks out of this range, an accelerated growth period known as a parabolic uptrend is usually expected.

Previous halving cycles

"Rekt Capital, which draws parallels with previous halving cycles, highlights the 2020 halving event. Back then, Bitcoin experienced a 19% pullback and then went through a consolidation period lasting 160 days before entering a parabolic phase. If this model holds true for 2024, Bitcoin could potentially consolidate in a similar timeframe before starting a significant price increase and potentially reaching 160 days."

" "Small investors continue to sell their assets in the midst of the latest market recovery. However, on-chain analysis firm Santiment observes this as a historical bullish indicator. In the past, periods when small wallets liquidated their positions coincided with significant price appreciation periods for Bitcoin, indicating a potential buying opportunity for larger investors.

Other altcoins are rising

Despite the current optimism, uncertainties continue to persist in the market. The overall sentiment in the crypto market remains cautious, and some altcoins are experiencing a decline. However, certain altcoins are also experiencing significant increases. The top gainers are as follows:

• Pendle (PENDLE): The Pendle price rose by 6.74% to $5.29.
• Dogwifhat (WIF): The WIF cryptocurrency price traded at $2.72, representing a 4.16% increase.
• Gnosis (GNO): The price of Gnosis has increased by 3.84% to $312.88.
• Chainlink (LINK): The LINK price increased by 2.95% to $16.95.

Among the losers, Pyth Network (PYTH) is at the top with a 9% decrease in value. Celestia price fell to $8.88, a 6% decrease. AKT price decreased by 5.59% to $5.51. XEC price dropped by 5.32% to $0.00004983.

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According to Santiment's blockchain analysis platform, Chainlink (LINK) bulls have returned after a year.

According to CoinGecko data, Bitcoin has gained 10% in the last seven days and surpassed $67,000.

Investors, according to Santiment data, have not been this bullish on Bitcoin since January.

One of the altcoins that stood out during the week was Chainlink. According to CoinGecko, the price of LINK has increased by approximately 30% during the week. Investors have started to approach LINK with an unprecedented level of bullishness for the past year.

Without the fear of missing out (FOMO), according to the Santiment team, this upward trend can continue.