​​The Latest Breaking News 📣

#1 Coinbase announces $1.25 billion private debt offering — link

#2 Tether USDt to launch on Avalanche — link

#3 Bank of America leans into blockchain to speed settlements — link

#4 Galaxy Digital books $860M in net comprehensive income in Q1 — link

#5 ⁠Polkadot announces Kusama is 'finally ready to host parachains' — link

​​📈 Market Overview

Bitcoin inflows to centralized exchanges have surged, prompting bearish speculation the crypto markets could be building up to a violent wash-out. The chart indicates roughly 35,000 Bitcoin worth more than $1.4 billion has been deposited on Binance in the past 48 hours.

The entire Top 10 is traded in the red zone. Internet Computer -26.2%, Binance Coin -18.8%, Cardano -17.2%.

Market capitalization: $1.94T (-12.9%)
The BTC dominance: 38.27% (+.05%)
Fear & Greed Index: 23 (Extreme Fear)

​​Popular International Music Festival Exit Accepts Bitcoin Payments

Popular international music festival Exit now accepts cryptocurrency payments for tickets, products, and services from crypto enthusiasts among the music fans.

This includes payment for passes, airport transfers, camping accommodation, and more. Exit CEO Dušan Kovačević said that accepting Crypto Payments is part of their plans to stay at the forefront of the evolving Blockchain.

Customers can choose the “Pay with Bitcoin” option at checkout.

​​U.S and Germany Lead Among Countries Interested in Ether

Invezz.com conducted a survey using online analytics tool Ahrefs to check which countries in the world are most interested in ether.

Data results shows that United States took first place with an equivalent of 36,000 online searches per day.

Germany took second place, with an average of monthly 736,300 online searches. Countries in Third, fourth, fifth and sixth places are Turkey, Brazil, Canada and UK, including other countries

And Bitcoin decided it is time to kill alts.

​​This Bitcoin sell-off is historic in the magnitude of losses realised by short term holders.

STH-SOPR has only dipped this low on three occasions since 2015:
- Feb 2018 start of bear market
- Nov 2018 bear capitulation
- Mar 2020 COVID sell-off

​​📈 Market Overview

Panic selling crushes the entire crypto market, sending Bitcoin's price to $30,000 for the first time since February, but data shows BTC whales bought the dip. The market downturn sparked outages and other delays across a few of the top cryptocurrency exchanges, and the prices of the vast majority of altcoins cratered alongside the price of Bitcoin, with Ether briefly plunging to $1,900 and Dogecoin bottoming out at $0.236.

The entire Top 10 is traded in the red zone. Polkadot -25.6%, Ripple -18.8%, Binance Coin -14.3%.

Market capitalization: $1.77T (-8.2%)
The BTC dominance: 42.07% (+10.2%)
Fear & Greed Index: 11 (Extreme Fear)

​​The Latest Breaking News 📣

#1 ⁠Wells Fargo Investment Institute to onboard crypto clients by next month — link

#2 PancakeBunny tanks 96% following $200M flash loan exploit — link

#3 ⁠Institutional investors dump Bitcoin for gold, JPMorgan analysts say — link

#4 Coinbase joins $5M funding round for digital transfer agent Vertalo — link

#5 BlockFi mistakenly credits users with too much Bitcoin in promo payout — link

​​Bitcoin funding rates turn significantly negative for the first time since the 2020 March crash.

​​Total Bitcoin open interest down to $12bn.

​​The big Pre-Pump has made 33.29% profit. Congratulations. We take 3.29% fees. This Pre-Pump was for people who invested 0.25 BTC to 15 BTC. Please contact: @MichelleKellerCrypto for a payout.

💻 Exchange: Binance

📊 Coin: Internet Computer (ICP)

🙋‍♀️ Pre-Pump Manager: @MichelleKellerCrypto

​​The small Pre-Pump has made 8.00% profit. Congratulations. We take 3.00% fees. This Pre-Pump was for people who invested 0.02 BTC to 0.25 BTC. Please contact: @MichelleKellerCrypto for a payout.

💻 Exchange: Binance

📊 Coin: Waves (WAVES)

🙋‍♀️ Pre-Pump Manager: @MichelleKellerCrypto

👆🏻 Next Pre-Pump is ready! Contact @MichelleKellerCrypto 📈✈️

​​📉 Daily Bitcoin chart review 📈

Bitcoin dump exceeded my written expectations but perfectly fit into the drawn levels. Re-test of 39-42k is still in progress although we already seen pullback to 34k support (bounced higher which was good). Keep it simple - now we witness dead cat bounce. In order to become something more bullish BTC price has to fix itself above 40-41k and stay there for at least several days. Until then price remain within 30-40k wide range.

Fear&Greed at 11. In March'20 it touched 8 couple of times before the bounce. The bottom is near for sure, but there is plenty of room for volatility and more dumps (above last wick).

Important daily MAs: EMA233 is at 39733, SMA144 at 48101.

🟥 40000 - 43000 - 45000
🟩 36000 - 34000 - 31000

Momentum at daily:
19-20: AO 🔻🔻 AC 🔻🔻
17-18: AO 🔻🔻 AC 🔻⬆️
12-16: AO 🔻🔻 AC 🔻🔻

😱 Fear & Greed index: 11 (<= 23 <= 21 <= 27)

​​Ripple Partners With Egypt Biggest Bank And Lulu International Exchange

Ripple partners with the National Bank of Egypt, the biggest banking institution in Egypt to enable remittance inflows from the United Arab Emirates through LuLu International Exchange.

This Partnership will strengthen the MENA region’s financial infrastructure and provide ease in cross-border payment experience for the Egyptian community.

Egypt ranks is the 6th-largest remittance recipient in the world, with increasing remittance volume.

​​📉 Daily Ethereum chart review 📈

Last time I recommended to start buying ETH dips at ~62000 and average cost at ~56000. It bounced from 60941 👍

Nearest re-test target at ~71000 and ~73000 resistance. Last candles were bullish so good chances that re-test will happen.

​​The Latest Breaking News 📣

#1 ⁠Instagram is hosting a professional development panel for NFT artists — link

#2 U.S. Treasury calls for crypto transfers over $10,000 reported to IRS — link

#3 White Star Capital launches new $50M crypto fund backed by Bpifrance, Ubisoft — link

#4 U.S. Federal Reserve plans to publish discussion paper on the potential issuance of a CBDC — link

#5 Bitcoin hash rate drops as Sichuan miners face short-term power cap — link

​​📈 Market Overview

Whale wallet activity and exchange inflows indicate that the recent market sell-off was driven by retail traders, while institutional investors gladly bought the dip. Derivatives data for Bitcoin weekly options suggests bears may have the upper hand in todays’s $930 million expiry.

The Top-10 cryptocurrencies are traded in different directions. Dogecoin +9.8%, Binance Coin +6.2%, Internet Computer -3.8%.

Market capitalization: $1.84T (+3.44%)
The BTC dominance: 40.97% (-2.2%)
Fear & Greed Index: 19 (Extreme Fear)