🇭🇰 Hong Kong is planning to make $BTC Bitcoin and crypto | GHUFRAN Habib on Binance Square

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🇭🇰 Hong Kong is planning to make $BTC Bitcoin and crypto derivatives trading legal.
This could lead to more people and businesses getting involved in the crypto market! 🚀

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📈 Market Price Snapshot (Binance data) $ETH hovering ~2,500 USDT: Binance reports ETH recently dropped below and then briefly climbed above 2,500 USDT, with fluctuations in the ±5% range over the past 24h . Sure! Here's a short version of today's Ethereum news for Binance Square: 🟣 Ethereum Daily $ETH Price: ETH trading around $2,523, up ~1.1% in the past 24h. Resistance: Key level at $2,531–2,550; a breakout could lead to $2,600+. Support: Holding above $2,380 suggests bullish momentum. ETF News: U.S. spot ETH ETFs saw $57M in inflows, boosting sentiment. $ETH Ethereum Foundation: Introduced new treasury policy for transparency. #Ethereum

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🚨 BULLISH: Tether’s CEO says every high school should teach how to safely store your own Bitcoin $BTC #BinanceAlphaAlert

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🔥 Market Performance & Technical Analysis Currently, $TRUMP UMP is trading around $10.42, marking a 7.6% increase over the past 24 hours. The coin experienced a brief surge to $10.96 before stabilizing. Analysts have identified a support zone between $10.00 and $10.12, indicating active buying interest and potential for further movement. Technical indicators suggest a possible bullish breakout, with patterns like "Code 144" hinting at a target price of $100. --- 🏛️ Political Endorsements & Family Involvement President Donald Trump has publicly endorsed $TRUMP, referring to it as a reflection of public opinion. This endorsement led to an 11% price increase. Eric Trump announced that World Liberty Financial (WLF), a Trump family-backed crypto venture, plans to acquire a substantial amount of $TRUMP tokens for its long-term treasury. --- ⚖️ Legal Disputes & Brand Control A dispute has arisen over the legitimacy of a new cryptocurrency wallet branded as the "official $TRUMP wallet by President Trump." Eric Trump and Donald Trump Jr. have denied authorizing this project and are considering legal action for unauthorized use of the Trump name. --- 💰 Financial Impact & Revenue Streams Trump's ventures into cryptocurrency have reportedly generated significant revenue: Token Sales: Approximately $390 million from platform tokens linked to his brand. Meme Coin Holdings: Around $315 million from Trump and other meme coins. Stablecoin Holdings: Up to $60 million in USD1 stablecoins. These ventures have collectively contributed to an estimated $1.2 billion in revenue, with post-tax profits reaching approximately $935 million. #TRUMP

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🚨 Bullish Alert: Traders are betting big on Bitcoin — the most popular call option right now predicts it could hit $300,000 by the end of June! 👀 $BTC #Binance

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📉 Market Overview Bitcoin ($BTC BTC) Currently trading at $104,854, BTC has experienced a 1.98% increase over the past 24 hours. Ethereum ($ETH ETH) ETH is priced at $2,489.91, marking a 1.24% rise in the last 24 hours. BNB ($BNB BNB) BNB stands at $646.78, showing a 1.22% increase over the same period. The market's downturn earlier this week was partly attributed to escalating tensions between prominent figures Donald Trump and Elon Musk, which negatively impacted investor sentiment across the crypto space. --- 🔍 Technical Insights Bitcoin (BTC): Despite recent fluctuations, BTC has found support above the $100,000 level, indicating potential for upward movement if it maintains this support. Ethereum (ETH): ETH has slipped below its 20-day EMA, suggesting short-term profit-taking. However, it remains within a consolidation range between $2,323 and $2,738, indicating potential for stabilization. BNB (BNB): BNB has dropped below its 20-day EMA and is approaching the 50-day SMA. If it fails to rebound above the 20-day EMA, it could test support at $580. --- 📊 Market Sentiment The recent market movements highlight the sensitivity of cryptocurrencies to external events and investor sentiment. While short-term volatility persists, the overall market trend remains cautiously optimistic, with key support levels being closely monitored by traders and investors alike. #cryptouniverseofficial

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