US Spot Bitcoin ETFs Experience Another $211 Million Net Outflow
Bitcoin spot ETFs in the US experienced another major outflow of $211 million, indicating continued investor outflows. Fidelity’s FBTC product led the way, while Bitwise’s ETFs also suffered significant losses. This suggests that investor confidence is waning due to regulatory uncertainty and macroeconomic pressures in the US. Some analysts believe these withdrawals could be profit taking after strong earnings.
Pavel Durov Ready to Abandon Non-Compliant Markets
Following his arrest in France, Telegram CEO Pavel Durov announced that he is ready to exit markets that do not comply with privacy and security principles. The arrest is related to allegations that Telegram does not assist in investigations into illegal activities. Durov reminded that Telegram is also banned in countries such as Russia and Iran in order to protect user privacy, and that the company will not hesitate to withdraw from these markets.
Donald Trump Wants to Appoint Elon Musk to Head Government Efficiency Commission
Former US President Donald Trump plans to appoint Elon Musk to head a government efficiency commission if he is re-elected. Trump sees Musk’s innovative approaches at companies like Tesla and SpaceX as the right person to make government processes more efficient. The proposal is seen as part of Trump’s vision of integrating private sector efficiency into the federal government.
Mastercard Unveils Self-Storing Crypto Payment Card
Mastercard has launched a new self-storage crypto payment card that allows users to transact digital assets directly without relying on third parties. The initiative aims to increase financial autonomy and is seen as a step in the field of decentralized finance (DeFi). Mastercard aims to combine blockchain technologies with traditional financial systems.
CFTC Commissioners Differ on Uniswap Deal
The U.S. Commodity Futures Trading Commission (CFTC) has reached a settlement with decentralized exchange Uniswap over alleged violations of registration and anti-money laundering regulations. However, the settlement has sparked controversy among CFTC commissioners, with some criticizing it as “regulation by imposition,” while others see it as a necessary step toward compliance in the DeFi sector.
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BITCOIN (BTC)
BTC is priced at $56,500 with a 0.51% increase in value as of the morning hours. An increase of up to $60,000 was achieved but could not be sustained. The $59,000 level broke down again. The first support zone is 54,500. The resistance level is now 57,400 as a strong resistance zone. With the breaking of this zone, an increase of up to $62,000 can be seen.
ETHEREUM (ETH)
ETH is priced at $2385 with a 0.65% loss in value as of the morning hours. An increase occurred from $2570 to $2820. Permanence could not be achieved at this level. A decrease occurred to $2306. If a breakdown occurs below the $2300 level, pullbacks to $2185 may be seen. If $2500 is broken upwards, pricing up to $2800 may be seen.
RIPPLE (XRP)
XRP is priced at $0.5450 with a 0.13% gain as of the morning hours. $0.55 was lost again. A pullback to $0.5322 occurred. In pullbacks, a pullback to $0.52 may now occur. If pricing above $0.55 continues, increases to $0.60 may be seen.
AVALANCHE (AVAX)
AVAX is priced at $21.55 with a 0.75% increase in value as of the morning hours. There is pricing below $22 again. With the reaction it will receive from the $20 region, an increase of up to $25 may occur. If the pullback deepens, the price may go up to $20.
SOLANA (SOL)
SOL is priced at $130.07 with a 0.49% increase in value as of the morning hours. There was another pullback from $162 to the $127 area. If it reacts from this level, a rise to $137 may occur. If the pullback continues, the $115 area looks strong.
OUNCE GOLD
The ounce of gold is priced at $2519.64 with a 0.11% increase in value as of the morning hours. After the ATH was renewed, prices below $2500 were seen. The first resistance zone, $2505, was broken upwards. ATH can be renewed with the data. The range of $2500 and $2485 seems strong as strong support in pullbacks.
OUNCE SILVER
Silver is priced at $28.80 with a 0.07% loss in value as of the morning hours. A break of 29.10 occurred and a retest was given. In the continuation of the rise, an increase of up to $30.73 may occur. In pullbacks, 27.50 and 27.20 appear to be strong supports.
