Bitcoin (BTC) has shown a robust performance this week, starting at around $67,000 and spiking to just above $71,000 amidst growing optimism over potential Ethereum ETF approvals in the US. This surge reflects a broader bullish sentiment in the cryptocurrency market, although BTC has slightly retracted to a current trading price of approximately $69,500. Despite this minor pullback, Bitcoin maintains a 6% increase weekly and 13% monthly, indicating sustained market interest and investment. Institutional Inflows and ETF Dynamics The trading dynamics around Bitcoin ETFs, especially BlackRock’s IBIT, have been notably influential, with the ETF securing 94.86% of recent inflows totaling…

Worldcoin has experienced a minor decline today, with its value falling by 1.84% to a current price of $5.12. This price decrease accompanies a significant 24-hour trading volume of $355.2 million, indicating active trading despite the price dip. The recent regulatory scrutiny from Hong Kong authorities has raised concerns among investors, impacting the digital asset’s price dynamics. Regulatory Headwinds and Impact Recent developments have seen the Hong Kong regulator issuing a notice to Worldcoin regarding its data collection practices. The regulatory body has raised concerns about the adequacy of information provided to the public, affecting over 8,000 individuals. This news…

Bitcoin has surged past the $70,000 threshold today, fueled by positive market sentiment around the anticipated U.S. approval of Ethereum ETFs. This significant increase reflects a broader enthusiasm in the cryptocurrency market, with Bitcoin reaching a high of $71,650. The rise is partly driven by investor optimism that the U.S. will soon approve the first Ethereum ETFs, which is expected to bring more stability and trust to the cryptocurrency market. Bitcoin’s Onchain Activity and Market Sentiment Currently, Bitcoin is trading at $71,009.91, marking a 6.04% increase within the last 24 hours. The market cap of Bitcoin has also grown, now…

Worldcoin (WLD) has shown a significant downturn in this week’s trading, marking it as the week’s most substantial loser with an overall decline of over 16%. The decline started sharply after a brief initial gain at the beginning of the week. Starting around $5.90, WLD saw a rapid descent, with a notable drop of 5.2% on May 13th and a steep 15.28% fall on May 14th. This series of declines brought its price down to around $4.70, struggling to regain its footing in the $5 region. Key technical levels have become apparent as WLD continues its downward trajectory. Recently, it…