$1 Billion Entry into Digital Asset Funds
When we examine digital asset funds, we see that there was an inflow of $1.05 billion last week. The highest entry was in Bitcoin with $1.012 billion. As for altcoins, there was an inflow of 35.5 million, 8 million and 2.8 million dollars in Ethereum, Solana and Litecoin, respectively. On the output side, short-Bitcoin and Cardano appear.
Healthcare Company Semler Scientific Announces Bitcoin Purchase
Semler Scientific, a pioneer in developing and marketing technology products and services to healthcare providers to combat chronic diseases, today announced that its board of directors has adopted Bitcoin as its primary treasury reserve asset. In addition, Semler Scientific announced that it purchased 581 Bitcoins for a total amount of $40 million, including fees and expenses.
Japan-Based Metaplanet Announces It Will Purchase Additional Bitcoin
Japan-based Metaplanet announced that it plans to purchase an additional Bitcoin worth ¥250 million. This planning has been approved by the company’s board of directors and supports Metaplanet’s aggressive Bitcoin acquisition strategy. The average value of the company’s current Bitcoin assets is known as 7.7 million dollars.
BlackRock Adds Its Own Bitcoin ETF to Interest and Bond Funds
BlackRock’s interest- and bond-focused funds bought shares of the asset manager’s own spot Bitcoin ETF in the first quarter, according to filings with regulators. BlackRock’s Strategic Income Opportunities Fund (BSIIX) purchased $3.56 million worth of iShares Bitcoin Trust (IBIT), while its Strategic Global Bond Fund (MAWIX) purchased $485,000, according to Securities and Exchange Commission filings dated May 28.
Assets of Bitcoin ETFs Worldwide Reach 1 Million BTC
Spot Bitcoin ETFs continue to hit new milestones, with inflows seen again over the past two weeks. According to recent developments, the total assets of Bitcoin ETFs have exceeded 1 million BTC. All spot Bitcoin ETFs worldwide collectively hold 1,002,343 BTC, or 5.08% of the current circulating cryptocurrency supply.
Luxor Technology Launches Bitcoin Mining Derivatives in the US
Luxor Technology and Bitnomial launched Bitcoin Hashrate Futures, the first fully regulated Bitcoin mining derivative product in the United States, on May 28. The symbol for this product is HUP, allowing miners to protect their income and providing investors with a new way to enter the Bitcoin mining market. Each contract represents 1 PH, has a maturity of one month, and is settled at maturity using Luxor’s Bitcoin Hashprice Index.
Ethereum Spot Trading Continues to Rise After ETF Approval
On May 26, the trading volume gap between Bitcoin and Ethereum narrowed significantly. Bitcoin’s volume was $12.89 billion, while Ethereum’s volume was $11.26 billion. This created a difference of 1.6 billion dollars. This is the closest the two assets have been since January 2020. This increase in Ethereum’s volume occurred following the approval of the ETF.
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BITCOIN (BTC)
BTC is priced at $68,700 with a 0.44% gain in value as of the morning hours. When we examine the 4-hour chart, the resistance zone of $ 72 thousand was tested with the strong price movement seen at the beginning of last week. After finding support at $66,700, the rise continued again, but it was rejected in the $70,500 region and the decline continues. The first support level appears to be $66,760. For the continuation of the rise, persistence above $ 71,000 is required.
ETHEREUM (ETH)
ETH is priced at $3875 with a 0.78% gain in value as of the morning hours. When we examined the 4-hour chart, we saw high volatility with spot ETH ETF applications being approved. With this move, the 3500 level was tested at the bottom and a strong reaction occurred. The uptrend continues and it looks like it has been rejected again from the $3932 area. In case of a break above $3932, the $4000 level can be tested. The $3750 region appears strong as initial support.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.53 with a 0.25% gain in value. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.48 level, but it could not be permanent. $0.50 is a critical level and this level has been regained. Initial support again appears to be the $0.52 to $0.51 range. Areas where there may be resistance include the $0.55 and $0.58 levels.
AVALANCHE (AVAX)
AVAX is priced at $37.20 with a 0.54% gain in value as of the morning hours. After the horizontal area broke up, we saw a movement up to the $42 level, but it could not be sustained above this area. In case of withdrawals, the 35 and 33 dollar areas can be followed as support. In upward movements, if there is persistence above the $40 level, the $45 region can be targeted.
SOLANA (SOL)
SOL is priced at $171.4 with a 1.82% gain in value as of the morning hours. When we examine the daily chart, we see that the $160 level, which we follow as the support zone, was tested with the withdrawal movement. If the reaction from this region continues, the $175 level can be followed as short-term resistance. If the support zone is broken, a move up to $155 may be possible.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $18,088, with a 3.68% loss in value. When we examine the daily chart, we see that the resistance zone of $ 17,400 has been passed. There is currently a retreat. If this movement continues, the $18 level can be followed as support. In upward movements, the $19 level appears as resistance.
BONE
As of the morning hours, BONE is priced at $0.7182 with a 5.11% gain in value. When we examine the daily chart, we see that the horizontal region and the falling trend line have been broken upwards. This view may indicate that bottom formation has been completed. If the movement continues, the $0.77 level can be followed as a possible resistance zone. In case of withdrawals, the $0.65 region appears as support.
RNDR
RNDR is priced at $10.49 with a 2.67% gain in value as of the morning hours. When we examine the four-hour chart, we see that the $ 9.90 level, which we have been following as a support zone for a long time, is working well and the resistance zone of $ 10.30, which is the resistance zone, has been broken upwards with the reaction from this region. If this movement continues, the $11 level can be followed. In case of withdrawals, the $ 10.30 level can be followed as support.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2358 dollars with a 0.14% loss in value. When we examine the four-hour chart, we see that the $ 2400 level has been broken strongly downwards. We see that it has received a reaction from the $2300 level, which we are currently following as a support zone. If this movement continues, the $2360 level can be followed as resistance. In case of persistence above this resistance, $2375 appears as the next resistance zone.
OUNCE OF SILVER
As of the morning hours, silver is priced at $ 32.20 with a 0.35% gain in value. When we examine the four-hour chart, we see that the movement continues after a slight retreat after the rising movement. The $32.28 level appears as the resistance zone. If there is a break above this region, the $33 level can be targeted. In case of withdrawals, the $ 31.80 level can be followed as support.
