Episode June 3, 2024 10 min 8s

June 3: Bitcoin Bullish Signals, ETF Progress, and Biden Veto Implications

In the cryptocurrency sector, Bitcoin is showing bullish signals with the cross between a bull flag pattern and MACD suggesting a potential move towards a new all-time high. These technical indicators are creating optimism among traders and investors about Bitcoin's price trajectory. This sentiment is echoed by traders on social media platforms, who are closely monitoring these patterns for potential breakout signals.

Ethereum spot ETFs are making headlines as they may signify an end to the longstanding regulatory battle with the SEC. The approval of these ETFs can be seen as a milestone that could pave the way for broader acceptance and investment in cryptocurrencies, enhancing market liquidity and stability.

On the political front, Changpeng Zhao, former-CEO of Binance, has reportedly begun his prison sentence in California. While that’s happening, the US President Joe Biden's recent veto of the SAB 121 resolution has also drawn attention. This veto blocked legislation aimed at reversing key regulatory measures, reflecting the administration's commitment to maintaining stringent oversight in various sectors, including financial regulations. Internationally, El Salvador's President Nayib Bukele continues to serve his country for the second time.

https://substack.com/@dcndailycryptonews

Today’s News👇

https://cointelegraph.com/news/bitcoin-bull-flag-joins-macd-to-tease-new-btc-price-all-time-high-next

https://x.com/TATrader_Alan/status/1797227897624867001

https://decrypt.co/233357/ethereum-etfs-may-have-ended-sec-war-crypto

https://www.dlnews.com/articles/people-culture/changpeng-zhao-reportedly-begins-prison-sentence/

https://decrypt.co/233358/biden-veto-sab-121-resolution

https://cointelegraph.com/news/el-salvador-nayib-bukele-president-bitcoin

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!

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