Bitcoin Technical Analysis and Latest News: South Korea's Opposition Party Supports Bitcoin ETFs

TLDRBitcoin tapped $53,000 but corrected back to $51,800, while Ethereum is close to $3,000. South Korea's opposition party now supports allowing domestic investors to buy Bitcoin ETFs. Big institutions are pouring record amounts of capital into crypto ETFs.

Key insights

🚀Bitcoin tapped $53,000 but corrected to $51,800.

🤝South Korea's opposition party pledges to allow domestic investors to buy Bitcoin ETFs.

💰Institutions invested a record $2.4 billion in crypto ETFs in one week.

📉Max Keiser predicts another 1987-style crash for stocks, with Bitcoin as the ultimate safe haven.

🔥BlackRock sees Bitcoin as progress, adds Bitcoin to its spot Bitcoin ETF ad.

Q&A

What was Bitcoin's price action today?

Bitcoin tapped $53,000 but corrected back to $51,800.

What is the latest news regarding Bitcoin ETFs?

South Korea's opposition party now supports allowing domestic investors to buy Bitcoin ETFs.

How much capital did institutions invest in crypto ETFs?

Institutions invested a record $2.4 billion in crypto ETFs in one week.

What does Max Keiser predict for stocks?

Max Keiser predicts another 1987-style crash for stocks, with Bitcoin as the ultimate safe haven.

How does BlackRock view Bitcoin?

BlackRock sees Bitcoin as progress and adds it to its spot Bitcoin ETF ad.

Timestamped Summary

00:00Bitcoin tapped $53,000 but corrected back to $51,800.

00:12South Korea's opposition party pledges to allow domestic investors to buy Bitcoin ETFs.

00:21Institutions invested a record $2.4 billion in crypto ETFs in one week.

00:25Max Keiser predicts another 1987-style crash for stocks, with Bitcoin as the ultimate safe haven.

01:04BlackRock sees Bitcoin as progress and adds it to its spot Bitcoin ETF ad.