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MicroStrategy Executive Chairman Michael Saylor made a bold statement regarding Ethereum, classifying it as a crypto-asset security rather than a commodity. Speaking at the MicroStrategy World 2024 conference, Thaler argued that it is unlikely that Ethereum and other altcoins such as BNB, Solana, XRP, and Cardano will receive spot ETF approval from the US SEC. He classified Bitcoin, the king of cryptocurrencies, as the “only universal” crypto asset suitable for institutional investment, and predicted that other cryptocurrencies would not find similar institutional acceptance. . Thaler's Bitcoin Bias: Ethereum Under Fire Saylor's comments were particularly harsh for ETH, the second-largest cryptocurrency.…

There are approximately 23,000 Bitcoin options expiring on May 3rd. The notional value of these is approximately $1.4 billion, approximately the same as previous expiration events. The cryptocurrency market continued to fall sharply throughout this week, but recovered slightly in late trading on May 2nd. However, Bitcoin remains below $60,000, and sentiment is bearish in the short term. Bitcoin options expiration date Today's large Bitcoin contract has a put/call ratio of 0.49. This means there are twice as many calls and expiring contracts as his puts and shorts. The biggest catch with these options is the $61,000 price tag, which…

Analyst Kyle Doups recently spoke on the Crypto Banter channel about the important position of Bitcoin below $60,000 and the importance of the $58,000 to $60,000 range. He warned viewers about potential traps in the market and shared tips on how to avoid them. He noticed that many of the top coins were rebounding on the hourly and daily charts, giving the market a bit of relief. Altcoins have fared better than Bitcoin, with some even posting significant gains. “Where are we in the cycle? I've talked many times before about the loss of volume that tends to occur during…

Analyst Recto Capital recently delved into the question, “Is Bitcoin headed for a 40% correction?” He has been discussing this topic for some time, and in his latest video he explored the pattern of correction periods in the Bitcoin cycle. Analysts looked at the duration of these corrections, how long they typically last, and how they impact the current cycle compared to historical norms. In November 2022, he identified only five major corrections for this cycle. Historical decline rates from the bear market bottom in November 2022 have ranged from 23% to 22%. However, the recent correction in April 2024…

JPMorgan analysts remain cautious about the crypto market, citing several concerns that cloud the market's immediate future. This cautious perspective from JPMorgan serves as an important guide for investors navigating the volatile crypto market. JP Morgan analyst talks about factors influencing the crypto market Nikolaos Panigirtzoglou, head of the analysis team, highlights the triple threat of rising Bitcoin prices, declining retail interest, and cooling venture capital funding as the main reasons for the conservative outlook. . “We remain cautious on the crypto market in the near term due to the lack of positive news and the loss of retail appetite,”…

Investing.com — Bitcoin prices rose on Friday, taking some relief from the dollar's plunge, but the outlook for the cryptocurrency remained bleak on the back of high long-term interest rates in the United States.Traders also remain averse to cryptocurrencies ahead of Friday's release of key non-farm payrolls numbers, which is likely to be factored into the interest rate outlook. It rose 3.7% in the past 24 hours to $59,529.4 by 01:07 ET (05:07 GMT). The world's largest cryptocurrency remains close to bear market territory after falling more than 20% from its record high in March. Dollar drop brings some relief…

Top crypto prices today recorded a rebound as Bitcoin (BTC) price surged above the $59,000 level. Furthermore, Ethereum (ETH) price reached the $3,000 level and lost its hold at the important level. Additionally, other top altcoins such as Solana (SOL), XRP, and Cardano (ADA) have also recovered significantly.Today's major virtual currency prices1. Bitcoin priceBitcoin price soars by 4 yen% As of this writing on Friday, May 3rd, it has reached $59,539.94. Meanwhile, trading volume plunged 39.14% to $30.11 billion in the past 24 hours. Meanwhile, the market capitalization of cryptocurrencies soared to $1.17 trillion.2. Ethereum priceEthereum's price rose 3.07% to…

In the euro area, prices have continued to rise in many areas in recent years. Like many countries in the euro area, France has experienced several years of high inflation. Henry St. John / Blank / Shutterstock Would you like to receive The Connexion's free weekday newsletter? Please register here The eurozone has experienced higher month-over-year inflation month-over-year in recent years, and while France was by no means the hardest hit, there has been widespread easing as prices begin to stabilize. According to a March 2023 report to the EU's Economic Governance Committee, the invasion of Ukraine in February 2022…

MicroStrategy Executive Chairman Michael Saylor has made a bold statement against Ethereum, saying the world's largest altcoin is a crypto security and not a commodity. His comments on ETH were made on Thursday, May 2, during a talk at the MicroStrategy World 2024 conference.Michael Saylor attacks ETHIn addition to attacking Ethereum and calling it a security, Michael Saylor added that it is highly likely that the U.S. Securities and Exchange Commission (SEC) will not approve a Spot Ethereum ETF. His comments came just 20 days before the May 23 deadline for the SEC to approve or deny Ethereum ETF spot…

According to data from the Hamburg Commercial Bank's Monthly Survey of Purchasing Managers, produced in cooperation with data firm S&P Global, the euro area manufacturing economy will decline further, falling to 45.7 points in April 2024, and will fall in 4 months. This was a continuous decline. This extended the overall contraction period to 22 months and showed that the sectoral recovery was facing headwinds. Although there are some encouraging signs, including a slight improvement in business confidence and lower operating costs for manufacturers, the overall trend suggests a worsening situation, HCOB said in a Thursday, May 2, press statement.…