Larry Fink Calls Bitcoin Digital Gold 🥇

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📅 Today

🔍️ Market Outlook

• Overall Bias - Neutral 🙏 

• BTC has now closed above it’s 200 Daily Moving Average & the 20 Weekly Moving Average, which is a sign of strength.

• Moving forward, the medium term outlook for BTC depends upon how quickly the price is able to reclaim $67,500.

• Until the prices shoot up above this level, we are in a phase of consolidation.

• From a longer term perspective, once the price surges above $67,500 and we get a weekly close above that level, we can then expect the second leg of the bull-market to start and for the prices to start moving aggressively higher.

Larry Fink X Bitcoin 💥 

Larry Fink, the CEO of BlackRock mentioned live in an interview that he was a proud sceptic of Bitcoin but studied it and came to the conclusion his opinion was wrong.

He not only compared Bitcoin to digital gold, but also affirmed his belief in Bitcoin being a hedge against governments minting more money and devaluing their own currencies. In his opinion, Bitcoin is a legitimate financial instrument.

The character arc of Blackrock's CEO Larry Fink has been truly incredible.

• 2018: Vocally criticized Bitcoin & crypto

• 2022: Lost $24 million in FTX

• 2023: Files for $BTC ETF

• 2024 : Turned Pro-Bitcoin

Notably, Michael Dell was also “fascinated” by Larry Fink’s interview, and tweeted the same on X.

Donald Trump Picks Pro-Bitcoin Senator J.D. Vance as VP Running Mate 🙏 

Former President Donald Trump has picked Pro-Bitcoin J.D. Vance as his Vice President. James David Vance is an American politician who has served as the junior United States senator from Ohio since 2023.

He is known to be friendly towards bitcoin and crypto. This was proven when in 2022 he revealed that he had between $100,000 and $250,000 in Bitcoin holdings.

At this time, Vance has not disclosed any cryptocurrency purchases or sales in his latest Senate financial disclosure.

📕 Educational

Identifying fair launch tokens 🔍

Most new tokens backed by VC's experience significant price drops due to heavy dilution in the post launch.

In contrast, fair launch tokens, focus on fair and transparent distribution without early access or pre-mining and offer a different approach. These tokens prioritize community distribution, avoiding giving any group undue control to insiders.

A few lesser known fair launch tokens include👇

👉 Helium ($HNT): A decentralized blockchain for IoT devices, using Hotspots for network connectivity. 75% of its total supply is in circulation.

👉 Kaspa ($KAS): A decentralized, Layer-1 protocol similar to Bitcoin but using a BlockDAG for faster transactions, processing one block per second. 85% of its total supply is in circulation.

👉 Realio ($RIO): A blockchain-based private equity firm focusing on tokenization and digital asset issuance, launched without pre-mining or an ICO, with a maximum supply of 75 million tokens.

👉 MorpheusAI ($MOR): Incentivizes a peer-to-peer network of personal AIs, rewarding contributors with the fairly launched MOR token.

📊 Stats

📈 Chart of the day

• Key Levels Update :

• Key Support Level: $53,000 This is the monthly supertrend (1.5 Factor), and a horizontal support on the daily time frame. A breakdown below this level could signal a painful downtrend lasting weeks or months.

• Key Resistance Level: $67,800 This is the weekly supertrend resistance (1.5 Factor), and a horizontal resistance on the daily time frame. If BTC closes a week above this level, it could trigger a massive rally.

• Source : Cointraction 

• Note : None of the content mentioned in the newsletter is financial advise. This is for educational purposes only.

🤣 Meme of the day

Accurate 🤣 

That concludes our update for today!

We appreciate you joining us for the latest news. Our aim is to provide insights and highlights that keep you well-informed and ready. Remember to follow us on social media for additional updates and giveaways. Happy Hodling, and see you next time!

Disclaimer : None of the content shared in the newsletter is financial advise. Always do your own research before investing.