😟 57K: Bitcoin's New Normal or Nosedive?

CZ Sets Sights on Next Chapter of Life after Prison, Hong Kong’s Crypto ETF Debut and More

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Hodl Fm
May 01, 2024

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YOUR DOSE OF CRYPTO WISDOM AND ENTERTAINMENT

Hello, Legends! How are ya, our brave hodlers? We'll equip you with the knowledge and analysis you need to make informed decisions. Let’s learn, strategize, and conquer the cryptoverse!

BITCOIN IS 57К

Remember that seven-month winning streak for Bitcoin? It might be on hold (no, not hodl). Bitcoin's currently hovering around $57,000, near a two-month low. The big question: is this just a temporary pause, or the start of a steeper decline?

BTC/USD 1-hour chart

The answer could hinge on what happens later today. Investors are on edge as the Federal Open Market Committee (FOMC) meeting wraps up. The FOMC (again, no, not FOMO) meeting could be the turning point that decides if Bitcoin bounces back or takes a tumble.

We will keep you updated!

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NEWS NEWS NEWS

Binance Founder Changpeng Zhao Sets Sights on Next Chapter of Life after Prison

Changpeng Zhao, the former Binance executive thanked his supporters on X few hours after a Seattle courtroom sentenced him to four months in Jail. Best known as CZ, he said he had been looking forward to concluding this phase of his life and focus on the next stage which will involve work in education. As per his X post, Zhao said he would remain a passive hodler and investor in the cryptocurrency industry.

Hong Kong’s Crypto ETF Debut: From High Hopes to Modest Beginnings

As Hong Kong gears up for the debut of its first-ever Bitcoin and Ethereum spot ETFs, expectations are soaring higher than Elon Musk’s imagination. Local media reported on April 29th that initial trading volumes are expected to outshine those seen during similar launches in the US.

Diving into the Dip: MicroStrategy’s Latest Bitcoin Buying

Once again, MicroStrategy has made headlines by seizing the opportunity to bolster its Bitcoin reserves during a market downturn, reaffirming its position as a dominant player in the crypto space. Michael Saylor’s software firm MicroStrategy bought the dip, beefing up its already massive stash of bitcoins, now holding over 1% of the total supply.

THE SHOWCASE OF EPIC TWEETS AND TIKTOKS

@hodl_fm

just wait for it #cryptok #halving2024 #MemeCut #MemeCut #Meme #MemeCut

FOLLOW OUR SOCIAL MEDIA:

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  • СoinMarketCap - The Wildest Ride in the Crypto Market;

  • YouTube - Your Gateway to the World of Crypto.

Disclaimer: We're here to entertain, not to be your financial guru. This newsletter is purely for educational purposes and does not constitute financial advice or a magical fortune-telling session. So, grab your popcorn, enjoy the read, but remember to use your own wits and conduct thorough research before making any money moves. Stay curious, my friend