Crypto analyst and trader Ali Martinez, based at @ali_charts, shared on the web that Bitcoin is now heading into a path with very insignificant resistance. Martinez points to one critical supply area between $70,180 and $70,600, where high activity has been recorded.

Over 450,000 addresses have bought nearly 273,000 BTC in this critical range, reflecting good confidence from the investors’ side. This level, therefore, suggests that the current price point is a key battlefield poised across the buyer and seller front.

The bias remains bullish with strong support already established. That, in essence, is Martinez’s analysis that details favorable odds for the sustained upside of Bitcoin, which offers good sentiment to crypto enthusiasts and investors.

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WisdomTree, the world’s largest exchange-traded product issuer with over $111 billion in global assets, has received the U.K. Financial Conduct Authority’s approval to list its crypto-based exchange-traded products on the London Stock Exchange. Available exclusively to professional investors, the Physical Bitcoin and Physical Ethereum ETPs will launch starting May 28 at competitive fees of 35 basis points.

The U.K. market is leading in providing a gateway for professional investors to new forms of digital asset exposure and, in general, financial innovation. The regulator is adjusting its attitude not only to this kind of crypto ETP but to general European practices; it has also reflected its approval of some of the recent U.S. products. It is worth noting that such a move followed the decision by the regulator to ban crypto derivatives for retail investors in January 2020 and the workarounds of that decision to enable professional-grade investments in the crypto space.

This strategic move by WisdomTree and the LSE reflects a big step forward in integrating cryptocurrency into the mainstream investment platform. It puts the U.K. market at the front line of financial innovation and opens up advanced investors to new routes of digital asset exposure.

Source

$1M – $10M MarketCap:

1. Pastel (PSL): 67%
2. Meme AI Coin (MEMEAI): 32%
3. BeFi Labs (BEFI): 17%
4. Adappter Token (ADP): 11%
5. Crypto Hunters Coin (CRH): 10%

$10M – $100M MarketCap:

1. higher (HIGHER): 61%
2. Amulet Protocol (AMU): 45%
3. Masa (MASA): 31%
4. Joe Coin (JOE): 30%
5. Wojak (WOJAK): 24%

$100M – $1B MarketCap:

1. Drift Protocol (DRIFT): 54%
2. ConstitutionDAO (PEOPLE): 41%
3. Open Campus (EDU): 28%
4. CorgiAI (CORGIAI): 25%
5. Degen (Base) (DEGEN): 21%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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