📉 Bitcoin Under Pressure, Gold on the Rise – JPMorgan
🔎 JPMorgan analysts warn that Bitcoin’s "digital gold" narrative is weakening as its volatility and ETF outflows raise doubts. Meanwhile, gold is emerging as the primary hedge in the debasement trade, benefiting from strong demand.
🚀 Gold has surged past $3,100 per ounce, supported by both central banks and private investors, while Bitcoin struggles with higher risk and correlation to tech stocks. Spot Bitcoin ETFs have seen outflows, while gold ETFs continue to attract inflows. 👀
Despite this, Bitcoin remains above its production cost ($62K), which historically acts as a price floor. However, JPMorgan sees gold maintaining its strength in the inflation-hedging trade.
🔎 JPMorgan analysts warn that Bitcoin’s "digital gold" narrative is weakening as its volatility and ETF outflows raise doubts. Meanwhile, gold is emerging as the primary hedge in the debasement trade, benefiting from strong demand.
🚀 Gold has surged past $3,100 per ounce, supported by both central banks and private investors, while Bitcoin struggles with higher risk and correlation to tech stocks. Spot Bitcoin ETFs have seen outflows, while gold ETFs continue to attract inflows. 👀
Despite this, Bitcoin remains above its production cost ($62K), which historically acts as a price floor. However, JPMorgan sees gold maintaining its strength in the inflation-hedging trade.
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🔍 Ethereum Struggles: Key Metrics Decline
Ethereum is facing challenges as key blockchain indicators trend downward:
📉 Active addresses – decreasing
📉 Fee burning – declining
📉 Burn per transaction – dropping
📈 Inflation – rising
According to CryptoQuant, these factors highlight Ethereum’s ongoing issues, contributing to ETH’s depreciation. Can the network turn things around? 👀
Ethereum is facing challenges as key blockchain indicators trend downward:
📉 Active addresses – decreasing
📉 Fee burning – declining
📉 Burn per transaction – dropping
📈 Inflation – rising
According to CryptoQuant, these factors highlight Ethereum’s ongoing issues, contributing to ETH’s depreciation. Can the network turn things around? 👀
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Tron Increases USDT Transfer Fees 📈💵
Tron keeps profiting from users' habit of sending USDT on TRC-20.
At the start of April, the fee for sending USDT to new wallets nearly doubled, reaching 27 TRX ($6.2) 🚀 (source).
Ironically, Tron gained popularity as a cheaper alternative to Ethereum’s high fees in 2017-2018. Now, with Ethereum’s costs dropping, why are people still using Tron? 🤔
Tron keeps profiting from users' habit of sending USDT on TRC-20.
At the start of April, the fee for sending USDT to new wallets nearly doubled, reaching 27 TRX ($6.2) 🚀 (source).
Ironically, Tron gained popularity as a cheaper alternative to Ethereum’s high fees in 2017-2018. Now, with Ethereum’s costs dropping, why are people still using Tron? 🤔
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🚀 XRP Activity Surges by 490%!
The number of active XRP addresses has skyrocketed +490% from its 2022 cycle low! 📈
For comparison, Bitcoin’s network activity grew by just +10% over the same period.
According to Glassnode, XRP is becoming the new favorite among retail traders. Is this the start of a major shift? 👀
The number of active XRP addresses has skyrocketed +490% from its 2022 cycle low! 📈
For comparison, Bitcoin’s network activity grew by just +10% over the same period.
According to Glassnode, XRP is becoming the new favorite among retail traders. Is this the start of a major shift? 👀
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🇨🇳 China Hits U.S. with Tariffs, Bitcoin Drops
China has announced 34% tariffs on U.S. goods starting April 10.
Markets reacted instantly, with Bitcoin briefly falling below $82,000 amid rising economic tensions. 📉
Geopolitics continues to shake the crypto market—what’s next? 🤔
China has announced 34% tariffs on U.S. goods starting April 10.
Markets reacted instantly, with Bitcoin briefly falling below $82,000 amid rising economic tensions. 📉
Geopolitics continues to shake the crypto market—what’s next? 🤔
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📊 Bitcoin Hashrate Hits New ATH!
Yesterday, Bitcoin’s hashrate set another all-time high, proving that miners are doubling down despite market corrections. 🚀⚡️
Bitcoin maximalists, like El Salvador’s BTC advisor Max Keiser, argue that hashrate is a stronger indicator than price charts. Do you agree? 🤔
Yesterday, Bitcoin’s hashrate set another all-time high, proving that miners are doubling down despite market corrections. 🚀⚡️
Bitcoin maximalists, like El Salvador’s BTC advisor Max Keiser, argue that hashrate is a stronger indicator than price charts. Do you agree? 🤔
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Michael Saylor and Strategy just tanked a stock market apocalypse like it was nothing. 🔥
While tariff wars rocked the markets, investors looked at one thing: 528,000 BTC worth $35B sitting strong on the company’s balance sheet 💼💰
No fancy hedging, no panic selling — just pure Bitcoin conviction.
Wall Street may wobble, but Saylor’s strategy stands tall. Investors said “Yes” to the hardest asset in the room. 💪
While tariff wars rocked the markets, investors looked at one thing: 528,000 BTC worth $35B sitting strong on the company’s balance sheet 💼💰
No fancy hedging, no panic selling — just pure Bitcoin conviction.
Wall Street may wobble, but Saylor’s strategy stands tall. Investors said “Yes” to the hardest asset in the room. 💪
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👊 Black Monday vibes incoming...
Bitcoin has plunged below $76,000, and ETH is generously offering flashbacks to bear market prices — rapidly creeping toward $1,000 again 😅
But there’s no need to be too upset — it’s not just crypto. Stocks are tumbling 📉, oil is dropping 🛢, and everyone’s waiting to see how the U.S. market opens 🫣
Might be a good day to not check your portfolio 👀
Bitcoin has plunged below $76,000, and ETH is generously offering flashbacks to bear market prices — rapidly creeping toward $1,000 again 😅
But there’s no need to be too upset — it’s not just crypto. Stocks are tumbling 📉, oil is dropping 🛢, and everyone’s waiting to see how the U.S. market opens 🫣
Might be a good day to not check your portfolio 👀
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📉 Dow Jones today vs. Black Monday 1987
While today’s drop is “just” -5.5% vs. -22% back in ’87, the market is now on track for its worst 3-day streak since that infamous crash.
History doesn’t repeat, but it sure rhymes — and this verse isn’t pretty. 🥴
While today’s drop is “just” -5.5% vs. -22% back in ’87, the market is now on track for its worst 3-day streak since that infamous crash.
History doesn’t repeat, but it sure rhymes — and this verse isn’t pretty. 🥴
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💥 $1.37B liquidated in 24h!
Bybit takes the crown with $549M in liquidations, thanks to full transparency. Meanwhile, other exchanges (👀 Binance) seem a little too calm for the chaos we just saw.
So yeah, odds are the real liquidation total is even higher — but hey, at least someone’s being honest out here.
Bybit takes the crown with $549M in liquidations, thanks to full transparency. Meanwhile, other exchanges (👀 Binance) seem a little too calm for the chaos we just saw.
So yeah, odds are the real liquidation total is even higher — but hey, at least someone’s being honest out here.
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😑 FTX strikes again — but this time with legal fine print.
The bankrupt exchange has officially wiped out 392,000 customer claims worth over $2.5 billion because users didn’t pass KYC before March 3 🧾🚫
That’s $655M in small claims and $1.9B in larger ones — all gone with the court's approval. Just like that, FTX saved itself a multi-billion-dollar payout 💸
Moral of the story? In crypto bankruptcy land, no KYC = no mercy.
The bankrupt exchange has officially wiped out 392,000 customer claims worth over $2.5 billion because users didn’t pass KYC before March 3 🧾🚫
That’s $655M in small claims and $1.9B in larger ones — all gone with the court's approval. Just like that, FTX saved itself a multi-billion-dollar payout 💸
Moral of the story? In crypto bankruptcy land, no KYC = no mercy.
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💻 Bitcoin just hit 1 ZETAHASH!
For the first time ever, BTC's network hash rate reached 1 ZH/s — that's 1,000 exahashes every second (aka a quintillion hashes per exa 😵).
What does it mean? The mining difficulty is about to go up to keep that sweet 10-minute block time stable.
But with the market dumping, smaller miners might not survive this power surge — expect some to shut down or get absorbed. Survival of the fittest! 💪⚡️
For the first time ever, BTC's network hash rate reached 1 ZH/s — that's 1,000 exahashes every second (aka a quintillion hashes per exa 😵).
What does it mean? The mining difficulty is about to go up to keep that sweet 10-minute block time stable.
But with the market dumping, smaller miners might not survive this power surge — expect some to shut down or get absorbed. Survival of the fittest! 💪⚡️
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📉 BTC Futures Open Interest Drops to $34.5B
Open interest in Bitcoin futures has dipped to $34.5B, with Glassnode noting that even a short-lived bounce from the $33.8B low on April 3 wasn’t enough to break the broader downtrend.
The futures market keeps shrinking as risk appetite across the board continues to fade. Traders are clearly playing it safe — or just napping through the volatility. 😴💤
Open interest in Bitcoin futures has dipped to $34.5B, with Glassnode noting that even a short-lived bounce from the $33.8B low on April 3 wasn’t enough to break the broader downtrend.
The futures market keeps shrinking as risk appetite across the board continues to fade. Traders are clearly playing it safe — or just napping through the volatility. 😴💤
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