US Growth Rate Exceeded Expectations
GDP data was announced in the US yesterday. As a result of the tightening policies, there were expectations of a decline in the growth rate and even a mild recession towards the end of the year. For these reasons, the growth rate, which was announced as 2.0% in the first quarter of the year, was expected to decline to 1.8%. However, the growth rate was announced as 2.4% yesterday, well above expectations. Although this data seems positive when we consider this data as a recovery from recession, it is also among the comments made that the increase in consumer spending, especially in the growth data, may signal inflation and prolong the tight monetary policy.
Grayscale Calls for ETFs to SEC
Grayscale has always been at the forefront of ETF applications in the past and took the process to court after the last application was rejected last summer. Now, with the SEC even more cornered by the filings of large financial institutions, one of the company executives made a new call to the SEC. Craig Slam, the company’s Chief Legal Officer, stated in their letter that the SEC should accept all 8 spot BTC ETF applications under consideration without picking winners and losers.
Ripple Continues Work on South Korea
Ripple continues to expand its work and spread in different countries. Lastly, the company, which has been working for XRP Ledger in South Korea, started working with Seoul-based Catalyze Research to increase awareness and awareness of XRPL. It was announced that training programs will be provided and different meetups, events and hackathons will be organized to teach and help developers to integrate dApps into XRPL.
Sam Altman Reviews Worldcoin
Worldcoin founder Sam Altman shared a video on Wednesday showing people lining up for Worldcoin registrations. Sam Altman explained that there are huge queues all over the world and every 8 seconds 1 person verifies their identity and the rate of adaptation is very high. However, it is also stated that there is no video or record of the number of registrations and other queues yet.
Shiba Continues to Attract Ethereum Whales
Shiba Inu has been one of the favorites of Ethereum whales. According to the latest data, Shiba Inu is the most favored by the top 100 Ethereum whales It’s the 3rd coin. 1. and In 2nd place were USDC and USDT stablecoins, and Shiba managed to become the most popular coin outside of stablecoins with 11.94%. When we look at the total, we see that the total assets held are 601 million dollars.
BITCOIN(BTC)
Bitcoin is priced at $ 29,178 with a 0.17% gain in value as of today morning hours. While Bitcoin was testing 29,500 levels yesterday morning, the growth data in the evening caused the markets to retreat a little. The rise seen primarily on the US side with technology stocks was replaced by a sales movement as the evening hours entered. Similarly, we see that such a selling movement took place in crypto and Bitcoin, which could not break 29,500, fell back to 29,000 levels. Today’s Personal Consumption Expenditures Index data may create volatility in the markets. We can also say that Bitcoin has also fallen below the 50-day moving average with the latest selling movement, and if it breaks, there is a weak support zone at 29,000, and this seems to be the last support level that can work before the 28,600 zone.
ETHEREUM (ETH)
ETH, which gained 0.10% as of morning hours, is priced at $ 1857. In Ethereum, we see support from the 1855 region where the 100 and 50-day moving averages intersect again after the decline from the mid-channel band. If the 50-100 day MAs are broken, our next support level seems to be 1845 and we can say that we think that this region will not remain very stable.
