Ethereum ETFs Launch Next Week
According to news on Monday, the SEC has given preliminary approval to the Ethereum ETF applications of BlackRock, Franklin Templeton and VanEck companies. According to analysts, all of the Ethereum ETFs will be launched on Tuesday next week, although only three of the eight applications have received approval.
Positive Bitcoin Review from BlackRock CEO
Larry Fink, CEO of BlackRock, the world’s largest asset management company, renewed his faith-filled rhetoric about Bitcoin. Fink stated that he is one of those who truly believe in Bitcoin, and that he believes that Bitcoin is now a valid financial instrument and an instrument that investors will invest in when they are more afraid.
$1.44 Billion Inflow into Digital Asset Funds
When we examine last week’s report, we see that there was an inflow of $1.44 billion into digital asset funds, and this inflow is the fifth highest inflow so far. The total inflow amount since the beginning of the year has exceeded 17.8 billion dollars. While the highest inflow occurred in Bitcoin with 1.35 billion dollars, with the positive progress of the Ethereum ETF process, an inflow of 72 million dollars occurred on the Ethereum side. Additionally, money inflows were made in Solana, Chainlink, Litecoin and Ripple.
Germany Completely Transferred Its Bitcoins to Exchanges
The German government’s wallet activity, which has been one of the most talked about topics of recent times, came to an end with the last transfer last week. The German government transferred approximately 50,000 Bitcoins to the exchanges in a month, making sales of approximately $3 billion and selling the last Bitcoin in their wallets. After the German government ran out of Bitcoins, it was seen that Bitcoin was sent from individual wallets to the government wallet in small units and notes.
Trump Announces He Will Participate in Bitcoin 2024
Donald Trump has announced that he is sticking to his promise to attend the upcoming Bitcoin 2024 Nashville event as the keynote speaker. David Bailey, CEO of Bitcoin Magazine and Trump’s crypto advisor, confirmed that the candidate remains optimistic and ready to deliver his speech in Nashville. This event will be held between 25 and 27 July.
Japan-Based Metaplanet Company Continues to Buy Bitcoin
According to the news dated July 16, Japan-based Metaplanet announced that it purchased 21.88 more Bitcoins worth $ 1.2 million. With the latest purchase, Metaplanet’s Bitcoin assets increased to 14.6 million dollars and reached 225.6 BTC. At the same time, with this acquisition, a 25% gain in value was realized in Metaplanet shares.
Seven-Day Series of Inflows on Spot Bitcoin ETFs
When we reviewed Monday’s data, $300 million in inflows occurred in spot Bitcoin ETFs, thus continuing the seven-day inflow streak. When evaluated on an ETF basis, BlackRock’s IBIT fund ranked first with an inflow of $117.25 million. Additionally, IBIT was the leader in terms of volume. ARKB ranked second with $117.19 million. There was no outflow on the GBTC side.
Donald Trump Picks Crypto Pro-JD Vance as Vice President
Former President Donald Trump announced that he has chosen crypto-friendly Senator JD Vance as his vice presidential candidate for the upcoming US elections. In his statement on the social media site TruthSocial, Trump announced that after evaluating the qualifications of many candidates, he selected Ohio Senator JD Vance as the best candidate for the US Vice President. Vance has been actively involved in creating legislation aimed at clearer regulation of digital assets.
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BITCOIN (BTC)
BTC is priced at $63,800 with a 0.137% loss of value as of the morning hours. When we examine the daily chart, we see that there has been a positive price movement since Friday of last week and thus an upward movement up to the 65 thousand dollar region. When evaluated in the short term, the 64 – 65 thousand dollar region appears as an important resistance. It may be possible to continue the movement if stability is achieved above this region. In case of withdrawals, the 62 thousand dollar region can be followed as support.
ETHEREUM (ETH)
ETH is priced at $3422 with a 1.83% loss of value as of the morning hours. When we examined the daily chart, the $ 3500 level was tested with the upward break of the $ 3000 level, which we follow as the resistance zone, and at the same time the positive progress of the process regarding spot Ethereum ETFs. We see that the $3500 level is an important resistance area in upward movements. If this region is crossed, the $ 3600 level can be tested. In case of withdrawals, the $ 3200 region appears as support.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5441 with a 1.27% gain in value. When we examined the hourly chart, we saw that the $ 0.54 level was broken with the upward break of the ascending triangle formation and there was a movement towards the $ 0.5660 region. We see that there is some withdrawal movement in this region with the double peak formation. In downward movements, the $0.54 and $0.53 levels can be followed as support zones.
AVALANCHE (AVAX)
AVAX is priced at $27.18 with a 2.23% loss in value as of the morning hours. When we examine the four-hour chart, we see that the $28 level works as a resistance zone. If it persists above this region, the $30 level can be followed. In case of withdrawals, the $26 level can be followed as support.
SOLANA (SOL)
SOL is priced at $156.21 with a 1.99% depreciation as of morning hours. When we examine the daily chart, we see that the $150 area, which we follow as the resistance zone, has been broken upwards. If this movement continues, the $160 level can be followed. In case of withdrawals, the $150 and $145 levels appear as support.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $ 14,258 with a 0.94% loss in value. When we examine the four-hour chart, we see that the falling trend zone and the $14,500 area are important resistance zones. If it persists above this region, the $15 level can be tested. In case of withdrawals, the $14 zone can be followed as support.
BCH
BCH is priced at $385 with a 0.375% depreciation as of the morning hours. When we examine the daily chart, we see that the $400 area is an important resistance zone. In case of a strong movement above this region, the $450 level can be targeted.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2430 dollars with a 0.34% gain in value. When we examine the daily chart, we see that the horizontal movement is priced in the resistance area. If there is a break above this resistance zone, the levels of 2450 and 2475 dollars can be followed. In case of withdrawals, the $2400 region can be followed as support.
OUNCE OF SILVER
As of the morning hours, silver is priced at $30.83 with a 0.51% gain in value. When we examine the four-hour chart, we see that there is a pricing below the $31 level, which we follow as the support zone. If this movement continues, a downward move towards the $30.20 region may be possible. In upward movements, it is important to maintain permanence above the $ 31.50 level.
