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$DOGE (-3,08 %)

Good morning ☀️

have now reached $DOGE (-3,08 %) now 130% plus.

How would you proceed to sell now? Or continue to hold?

is there no "stop loss" with $CPU Coinbase?

Does anyone know anything about this?

Have a good start to the day 🚀

I'm not sure when I should sell my $DOGE (-3,08 %) should sell mine. It's actually too risky for me and I'd do something else with the money, but crypto and Elon are unfortunately unpredictable.

Next Bitcoin all-time high. If it holds, Monday will be as green as an army of tree frogs 🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸📈📈📈😏

#btc
$BTC (-0,69 %)
$SOL
$ETH (-0,65 %)
$DOGE (-3,08 %)
#krypto
#kryptos
#crypto
#cryptos
#blockchain
$COIN (-3,83 %)
$HO (-2,99 %)$MSTR (-0,32 %) STR

Bitcoin cycles in the year of the halving. If September was green for Bitcoin, the following three months were all green. Bitcoin is up 11.5% this September and there are only four trading days (including today) left this month. Where do you see the Bitcoin price at the end of the year? My guess is $100,000 (currently $65,000).

$BTC (-0,69 %)
#bitcoin
$ETH (-0,65 %)
$SOL
$BNB (-2,69 %)
$DOGE (-3,08 %)
$XRP (-3,51 %)
$SUI (-4,1 %)
$ADA (-5,37 %)
$USDT (+0,13 %)
$AAVE (-1,31 %)
$BONK (+1,81 %)
$SHIB (-2,75 %)
$BEST (-0,16 %)
$COIN (-3,83 %)
$MSTR (-0,32 %)
$GLXY (-4,6 %)
$IBIT
$BCH (-4,08 %)
$21BC (+1,51 %)$HIVE (-1,84 %)
$MARA (-4,38 %)
$RIOT (-5,62 %)
$ETHE
$BCHS (-0,5 %)
$ARB (+4,24 %)

It all comes down to a showdown on May 23.

The day on which the SEC $ETH (-0,65 %)-spot ETF applications from VanEck and 21Shares must be finally rejected or approved.

After public opinion had become increasingly pessimistic about their chances of success in recent weeks, new hope has flared up in recent days.

First, Fidelity submitted an application for an Ethereum ETF including staking on Wednesday. A day later, Bitwise followed with its application, which it submitted to the NYSE along with what is probably the most detailed correlation analysis between ETH spot and futures prices to date.

Why is this analysis important?

The close correlation between the two markets was used by the SEC at the time to justify the approval of the $BTC (-0,69 %)-ETFs.

Bitwise would now like to have calculated similar values for Ethereum and since an ETH futures ETF was already approved in fall 2023, the logical conclusion is that a spot ETF should also be given the green light, right?

However, the new optimism is not currently stopping ETH from sniffing a new ETH/BTC multi-year low.

With the upcoming halving and BTC ETF inflows picking up speed again, a lot will depend on sentiment around May 23 as to whether ETH can outperform BTC again.

Speaking of outperformance.

With ≈ 18%+ each, the two memecoins $DOGE (-3,08 %) and $WIF were yesterday's big winners. The latter even overtook $PEPE as the third most valuable memecoin.

Current market cap: USD 3.7 billion.

Dogs > Frogs > Cats.

P.S. - Don't want to miss any more developments in crypto?

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Sources

Fidelity ETH-ETF application: https://tinyurl.com/bdhk6p57

Bitwise ETH-ETF Application: https://tinyurl.com/3uw97frr

ETH/BTC exchange rate: https://tinyurl.com/e8hw6fuc

BTC-ETF Flows: https://tinyurl.com/3v77a4cu

further expanded, 100% profit so far 😎

Welcome to the "Everything Season".

That's the title Bitwise CIO Matt Hougan gave the current cycle in a memo to his investors.

Instead of investors taking their positions from $BTC (-0,69 %) to $ETH (-0,65 %) and from Ethereum to the long tail of altcoins, we see all segments picking up at the same time.

The cause, of course, lies in the Bitcoin ETFs, through which non-crypto capital flows into Bitcoin faster than Bitcoin money can flow out into other crypto assets.

In his opinion, this trade could continue for a while yet.

However, the madness has long since resumed. In the last few days...

• ...Drake shared an interview clip from Michael Saylor about Bitcoin with his 146 million followers on Instagram,
• ...the memecoin $WIF reached its fundraising goal of USD 650,000 (1-week-sphere-promotion incoming) and...
• ...Elon Musk publicly $DOGE (-3,08 %) -payments for Tesla.

The fact that the broad market was sent south yesterday via a series of liquidations and has continued its slide over the past few hours therefore seems like a welcome cooling off.

The cool-down was particularly brief for $SOL (-1,87 %) . After a temporary slump, the fifth-largest cryptocurrency even ended yesterday with a gain of 5.4%.

Over the last 3 days, it has thus gained +20%. In the midst of the ongoing memecoin rally, Solana is crypto's retail hub and will soon be out of the woods with regard to the post-FTX sell-off.

$ETH (-0,65 %) Once again, no one was thankful that the Dencun upgrade went completely smoothly (You can read more about this in today's issue. You can find the link below in the sources section).

Sell the News.

Perhaps this is also due to the fact that a letter from two US senators to SEC Chairman Gary Gensler was published yesterday. In it, they ask him to please not approve any more crypto-ETFs.

Sore losers?

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Blockstories issue: https://blockstories.beehiiv.com/p/24-stunden-dencun-ein-erstes-fazit

Sources:

Memo Matt Hougan: https://tinyurl.com/u67ap33s

Drake and Michael Saylor interview excerpt: https://tinyurl.com/4utfw72a

WIF Fundraising: https://tinyurl.com/4fwwza3h

Elon Musk DOGE Comment: https://tinyurl.com/4cceke73

Letter U.S. Senators: https://tinyurl.com/bddx78vt

How can it be that meme coins like $DOGE (-3,08 %)
$PEPE (+0,33 %) etc are experiencing such an upswing again ... not everyone can think "Yolo, maybe I'll become a millionaire"?

$DOGE (-3,08 %) - It will soon be three years ago and I still have to smile that I actually made so much profit with the scrap. Thank you Elon and also Saturday Night...

My investment was practically nothing in comparison, I had it lying around for many years.

Have you ever had any luck with a penny stock, shitcoin or similar, which actually has no real value? (And good timing)

#shitcoin
#crypto
#dogecoin
#btc

The US dollar is the last remaining final opponent.

After another rally of +7.4%, the US dollar $BTC (-0,69 %) reached a new all-time high yesterday, both in terms of the euro exchange rate and its market capitalization in USD.

According to the current status (05.03. 13:14) just under +3% and the high from November 2021 would be set.

The market is maximally long and seems not to be overheating precisely because the demand for Bitcoin spot ETFs is virtually absorbing the volatility.

With a trading volume of USD 5.5 billion), the ten spot #etfs marked their second strongest day since launch yesterday.

This brings Bitcoin's dominance of the crypto market back up to 53%.

However, it has become abundantly clear in recent days that some traders are no longer willing to wait until this dominance is broken and some of the capital finds its way to more remote areas of the risk curve.

Memecoin mania reigns.

The menu includes all coins with frogs or dogs on them. Here is a performance overview of selected memecoins in the last seven days:

- $DOGE (-3,08 %) +93%

- $BONK +183%

- $WIF+226%

- $SHIB (-2,75 %) +291%

- $PEPE +247%

After a short breather tonight, the memecoin rally now seems to be continuing.

This is mainly due to the fact that Robinhood is now letting its users trade $BONK and Binance has announced the listing of $WIF at the same time.

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What else has happened these days?

• Ordinals record record volumes
• Michael Saylor wants even more Bitcoin
• BlackRock to invest in BTC ETFs with Strategic Income Opportunities Fund
• SEC postpones decision on BlackRock's Ether spot ETF
• Coinbase introduces smart wallets

You can find all the background information in today's newsletter: https://blockstories.beehiiv.com/p/coinbase-stellt-smart-wallets-vor

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Sources:

Funding Rate Heatmap: https://www.coinglass.com/FundingRateHeatMap

BTC-ETF Volume: https://twitter.com/EricBalchunas/status/1764763178368463267

BTC dominance: https://de.tradingview.com/symbols/BTC.D