#Bitcoin surges to $64,000, driven by February's 42% rise, U.S. spot #BitcoinETF approval, and upcoming #halving.

Bitcoin plunges 7% due to $700 million losses, liquidations across digital assets, and widespread market turmoil. #crypto
https://coinpedia.org/news/why-bitcoinbtc-price-crashed-7-after-hitting-new-yearly-highs-of-63-9k/

BlackRock’s iShares Bitcoin Trust (IBIT) reached $10 billion in assets in just over seven weeks, outpacing the first U.S. gold ETF's two-year journey to the same milestone.

This rapid growth highlights Bitcoin ETFs' soaring popularity and a potential shift in investment preference from traditional gold to digital assets.

The achievement underscores a growing investor interest in cryptocurrency as a viable asset class, challenging gold's long-standing status as a safe-haven investment.

#BitcoinETF #GoldETF #Coinpedia #Cryptocurrency #Bitcoin #ETF

SEC delays decision on #BlackRock's #BitcoinETF options, extends deadline to April 24. #Crypto

#Nasdaq's proposal for #Bitcoin Trust options also under SEC review, deadline extended for consideration.
https://coinpedia.org/news/sec-delays-decision-on-blackrocks-bitcoin-etf-options-trading-until-april-24/

#BlackRock's IBIT #BitcoinETF hits $10B in assets, leading all US #ETFs, driven by #Bitcoin rally.

#MicroStrategy holds 193,000 BTC, plans $600M debt offering to increase reserves.
https://coinpedia.org/news/microstrategy-dethroned-blackrock-etf-becomes-top-bitcoin-holder/

• #Bitcoin achieves a record high surpassing $71,209 on #Coinbase.

🔵 Factors driving the surge include

• Increased investment in new spot Bitcoin exchange-traded funds (#ETFs) and anticipation of interest rate reductions by the US Federal Reserve.

#FED #BitcoinETF #ATH #CryptoNews

Learn about Robert F. Kennedy Jr.'s proposal to bring the U.S. budget to the blockchain in his 2024 election bid.

https://coinpedia.org/news/imf-acknowledges-bitcoins-role-in-cross-border-financial-flows-amid-global-instability/

#USElections #BitcoinETF

Breaking down #Bitcoin:

As of February 2024, individuals hold the lion's share at 57%, while 'lost' bitcoins account for 17.6%.

The 6.6% of supply is to be mined.



#BTC #BitcoinETF #SatoshiNakamoto #Cryptocurrency #Coinpedia

China rethinks its crypto ban as Hong Kong approves #BitcoinETFs. The ban, starting in 2017, impacted mining and trading.

Hong Kong's move signals a potential shift, influencing China's stance

#Bitcoin #BitcoinETF #CryptoCommunity #China
https://coinpedia.org/news/china-might-unban-crypto-in-upcoming-3-months-experts-predict/

Crypto News of the Week

1. #SEC lawyers resigned after a federal judge sanctioned them in a $49M crypto fraud case

2. #BlackRock's IBIT fund hits 70-day inflow streak, tying with JETS. Scammers exit #solanameme projects

3. #ShibaInu raises $12M for blockchain security. Grayscale files for smaller #BitcoinETF with lower fees

4. #NYSE mulls 24/7 stock trading. Railgun denies laundering claims. #Kraken unveils self-custodial mobile wallet

5. Akira ransomware group linked to 250+ breaches. Hong Kong arrests 70 in JPEX crypto scandal

6. Ernst & Young unveils #Ethereum solution for business contracts. "Jay Mazini" sentenced to 7 years

7. #Bitcoin rollups enable limitless smart contracts. Nubank adds Bitcoin withdrawal/deposit feature

8. #Tether freezes wallets amid Venezuela's oil sanctions. #Binance founder faces DOJ's 3-year sentence recommendation

9. SEC demands $5.3B from Terra and Do Kwon over failed Terra #blockchain

Australia is gearing up for Bitcoin ETFs on ASX by late 2024. Major players like BetaShares & VanEck target the $2.3 trillion pension market, marking a pivotal moment in crypto investment evolution.

#BitcoinETF #CryptoNews #CryptoCommunity

https://coinpedia.org/news/after-the-us-now-bitcoin-etfs-are-coming-to-australia-by-end-of-2024/

Hong Kong's crypto market hits new heights with $6.3 million in spot Bitcoin and Ether volume, alongside the debut of ETFs.

Don't miss out on the latest developments shaping the future of crypto trading!

#HongKongETF #BitcoinETF #EthereumETF

https://coinpedia.org/news/hong-kong-rocks-with-6-3-million-volume-in-spot-bitcoin-ether-etf-debuts-heres-the-scoop/

First day of Hong Kong's ETF disappoints amidst ongoing market turmoil Uncover the latest developments here

#HongKongETF #BitcoinETF #EthereumETF

https://coinpedia.org/news/first-day-of-hong-kongs-etf-disappoints-as-bloodbath-continues/

ETFs Hit the Brakes?

Exploring the Factors Behind the #CryptoMarket Slowdown

#BitcoinETF #Bitcoin #Crypto #Cryptonews #ETF
https://coinpedia.org/news/is-the-bitcoin-etf-rally-over-hare-are-the-top-reasons-behind-recent-market-slowdown/

Jim Cramer warns against buying #MicroStrategy stock, suggests direct #Bitcoin investment due to market volatility.

TD Cowen predicts MicroStrategy growth driven by institutional #BitcoinETF entries, #EthereumETF rejections.
https://coinpedia.org/news/famous-cnbc-host-jim-cramer-advises-against-buying-microstrategy-stock-heres-why/

Millennium Management LLC dominates #BitcoinETF market with $2 billion investments across various portfolios.

billionaire Izzy Englander leads strategic investments, including #BlackRock’s iShares #Bitcoin Trust, Fidelity’s Wise Origin Bitcoin Fund.
https://coinpedia.org/news/millennium-management-dominates-bitcoin-etf-landscape-with-2-billion-investment/

#BitcoinETF trading hits $5.65 billion volume peak, indicating shift from whale accumulations.

Major banks like #JPMorgan and Wells Fargo enter #Bitcoin ETF market amid inflation hedge.
#CryptoNews #Crypto
https://coinpedia.org/news/top-banks-embrace-bitcoin-etfs-driving-trading-volume-to-new-heights/

#CryptoNews: Australia's First Spot Bitcoin ETF Launches Tomorrow!

🔵 Monochrome(Australian asset manager) #BitcoinETF, Australia's first spot #ETF, starts trading on #CBOE Australia tomorrow.

🔵 It holds #Bitcoin directly, marking a milestone in Australia's financial landscape.

🔵 Offers Australians regulated exposure to Bitcoin, attracting retail and institutional investors.

🔵Expected impact: increased interest in #crypto, reflecting Australia's growing digital asset adoption.

Thailand's SEC Grants Approval for first spot #BitcoinETF

#Crypto #CryptoNews

🔵Thailand's SEC approves One Asset Management to launch the first spot #Bitcoin exchange-traded fund (#ETF) in the country.

🔵The newly approved fund, named ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI), was set to be distributed between May 31, 2024, and June 6, 2024, according to a report from Bangkok Post.

🔵It was limited to wealthy and institutional investors and carried an investment risk level of eight, indicating its potential for volatility.

Top Reasons for $BTC Price Dump?

🔵U.S. economic uncertainty: Investor concerns about inflation and interest rates impact #crypto prices.

🔵#Fed's rate cut outlook: Powell's remarks dampen hopes for 2024 rate cuts.

🔵Spot #BitcoinETF outflows: Significant withdrawals from Bitcoin ETFs indicate a de-risking strategy.

🔵Long #liquidations: Increased selling pressure from liquidated long positions drives market down.

🔵Weakening market structure: Technical analysis shows declining trend and loss of crucial support level

🔵#MtGox cold wallet transfer: Created uncertainty and panic as creditors cash out.

🔵German government #BTC sale: Increased selling pressure as the German government recently sold 7,583 BTC worth $419.5 million.