💰 Bitcoin Cash Soars 40% in 24 Hours as Market Eyes Upcoming Halving and Adaptive Block Size Upgrade

On Saturday, March 2, the valuation of bitcoin cash witnessed a significant increase, climbing over 40% within a 24-hour span to reach a peak of $451 each. This upward trend is attributed to the anticipated halving event, set to happen in 16 days, and the forthcoming 2024 upgrade, which is expected to implement an adaptive block size limit algorithm.

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💰 Grayscale CEO says there is ‘insatiable demand’ for spot Bitcoin ETFs

Grayscale CEO Michael Sonnenshein said the financial industry has “never seen such insatiable demand for an ETF wrapper” as it has seen with Bitcoin ETFs. Sonnenshein made the statement during a CNBC interview on March 1, where he shared his insights about the performance of spot Bitcoin ETFs and the market’s response to their recent launch.

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🐶 Floki Price Surges 100% as Burn Proposal Passes

The price of dog-themed token floki (FLOKI) surged by more than 100% in the past 24 hours as a proposal to burn 2% of the token’s supply was passed by the community, proposal data shows. Nearly 90% of votes favored the burn, with the top voter staking 117 billion tokens. The event is expected to occur after a seven-day period.

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💰 Jim Cramer says “better to be lucky than good” when asked about Michael Saylor’s record $7,000,000,000 worth of bitcoin profit

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💰 Bitcoin's Test of All-Time Highs Means Old Miners Are Cashing Out

Early miners are sending their old block rewards to exchanges, contributing to selling pressure as bitcoin retreats from testing all-time highs. Bitcoin's rapid price ascent during the last month, which culminated in a new all-time high and quick reversal on Tuesday, has meant that some early miners have started selling their old block rewards – putting pressure on bitcoin's price.

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💰 Bitcoin’s ‘kimchi premium’ hits two-year high in South Korea

The so-called Kimchi Premium in South Korea reached a 27-month high of 10.32% for bitcoin on Wednesday in Asia, according to data from CryptoQuant. Kimchi Premium is a term that refers to the price difference between crypto tokens in South Korea and elsewhere. CryptoQuant’s data compares South Korea’s bitcoin price with that of the USD market. The crypto prices in South Korea differ from those outside the country due to several unique elements of the country’s crypto market.

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💰 Total Bitcoin ETF net inflows reach $8.9 billion

BitMEX data showed $332 million in inflows into Bitcoin ETFs, equivalent to 4,995 Bitcoin, on Mar. 6. Leading the charge was BlackRock’s IBIT, which added $282 million to its coffers, bringing its total net inflows to $9.4 billion. This implies that IBIT currently holds around 188,000 BTC. Fidelity’s FBTC wasn’t far behind, maintaining a strong momentum with a robust net inflow of $206 million. This growth brings their total net inflows to $5.6 billion, equivalent to roughly 113,000 Bitcoin, according to BitMEX.

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💰 Tether co-founder believes Bitcoin could hit $300K based on historic patterns

Tether co-founder William Quigley said Bitcoin could potentially surge to $300,000 at the peak of the current bull market, based on historical patterns of past halvings. He shared the insight during an interview with CNBC, where he discussed the market conditions influencing Bitcoin as the halving approaches. Quigley clarified that his analysis is not a prediction but a possibility if historical patterns hold true.

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💰 Spot bitcoin ETF holdings on track to surpass GBTC today

The nine recently approved spot bitcoin exchange-traded funds in the United States are on track to surpass the Grayscale Bitcoin Trust's holdings today. According to K33 Research senior analyst Vetle Lunde, GBTC held 400,186 bitcoins as of yesterday, while the "newborn nine" U.S. spot bitcoin ETFs held 397,847 coins. They also noted that yesterday's net inflow was 6,965 bitcoins. If this continues, they will outgrow GBTC.

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🟠 Appeals Court Revives Aspiring Class Action Lawsuit Against Binance

A group of investors who tried to sue crypto exchange Binance, former CEO Changpeng Zhao and other executives are getting a new chance after an appeals court reversed a lower court ruling dismissing the case. The Second Circuit Court of Appeals ruled Friday that a putative (or aspiring) class action lawsuit against the world's largest crypto exchange should not have been dismissed by a federal judge in the Southern District of New York.

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💰 Unrealistic for Bitcoin to Match Gold’s Investor Allocation: JPMorgan

Analysts at major investment bank JPMorgan Chase have predicted that it will be difficult for bitcoin to match Gold’s current investor allocation of $3.3 trillion. The JP Morgan Bitcoin opinion coincides with the recent achievement of a new All-Time High (ATH) for the premier digital asset, reaching $69.9k. The prediction was made in a recent report penned by senior analyst Nikolaos Panigirtzoglou, as the bank tried to provide “realistic insights” into the bitcoin investment scene.

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💰 Tim Draper believes that El Salvador 🇸🇻 could eventually become one of the wealthiest countries in the world thanks to its investment in Bitcoin.

Draper made his statements on a recent episode of the “Web3 Deep Dive” podcast with Rachel Wolfson.

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JUST IN: 💰 Michael Saylor says Bitcoin is going to "eat" gold and has all the great attributes of gold.

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💰 Saylor says Bitcoin will ‘eat gold’ in the coming months

MicroStrategy executive chairman Michael Saylor predicted that Bitcoin will “eat gold” in the coming months because it is a far superior asset in every way. The MicroStrategy chair made the statement during a CNBC interview on March 11, where he added that Bitcoin was not only superior to gold but all conventional assets, including real estate and stocks.

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