๐ป Bitcoin just hit 1 ZETAHASH!
For the first time ever, BTC's network hash rate reached 1 ZH/s โ that's 1,000 exahashes every second (aka a quintillion hashes per exa ๐ต).
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 โ expect some to shut down or get absorbed. Survival of the fittest! ๐ชโก๏ธ
For the first time ever, BTC's network hash rate reached 1 ZH/s โ that's 1,000 exahashes every second (aka a quintillion hashes per exa ๐ต).
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 โ expect some to shut down or get absorbed. Survival of the fittest! ๐ชโก๏ธ
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๐ 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 wasnโt 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 โ or just napping through the volatility. ๐ด๐ค
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 wasnโt 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 โ or just napping through the volatility. ๐ด๐ค
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๐บ๐ธ Trump Urges Fed to Cut Rates Amid Economic Slowdown
Donald Trump is calling out the Fed again:
He blames the Fed for being too slow โ first with hikes, now with cuts โ and warns the U.S. economy is โchokingโ while the Fed stalls.
๐ฅ Meanwhile, the Fed is holding a closed-door meeting today to possibly revise the discount rate (used for short-term loans to banks).
๐ Market signals:
โข 40% chance of an emergency fed rate cut next week
โข 50% chance of a cut in May
Trumpโs pressure adds fuel to the rate-cut speculation โ will the Fed act or wait? Eyes on the outcome. ๐
Donald Trump is calling out the Fed again:
๐ฃ โOil prices are down, food prices are. Thereโs NO INFLATION. Yet rates are still too high!โ
He blames the Fed for being too slow โ first with hikes, now with cuts โ and warns the U.S. economy is โchokingโ while the Fed stalls.
๐ฅ Meanwhile, the Fed is holding a closed-door meeting today to possibly revise the discount rate (used for short-term loans to banks).
๐ Market signals:
โข 40% chance of an emergency fed rate cut next week
โข 50% chance of a cut in May
Trumpโs pressure adds fuel to the rate-cut speculation โ will the Fed act or wait? Eyes on the outcome. ๐
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๐ข Crypto Powered by Trump Tariff Rumors
Enough with the market scams! ๐คฌ
Last night, BTC spiked to $81K on rumors that Trump would delay tariffs by 90 days. Just 5 minutes later โ rumor denied โ and BTC crashed to $77K.
๐ US stock market also whiplashed: +$2T in gains vanished into a -$3T loss within an hour.
Funny how fast these โrumorsโ move billions... who's really benefiting? ๐ค
๐ BTC bounced back above $80K, now stabilizing around $79K.
But this isnโt a rally โ itโs Trumpโs wild crypto coaster.
โ ๏ธ Watch out: If nothing changes by April 9, Trumpโs tariff law fully kicks in โ could trigger another wave of volatility.
๐ฅ Key crypto dates this week:
โข April 10, 15:30 โ US Inflation Data
โข April 11 โ SEC roundtable on crypto trading
Buckle up โ this monthโs just heating up.
Enough with the market scams! ๐คฌ
Last night, BTC spiked to $81K on rumors that Trump would delay tariffs by 90 days. Just 5 minutes later โ rumor denied โ and BTC crashed to $77K.
๐ US stock market also whiplashed: +$2T in gains vanished into a -$3T loss within an hour.
Funny how fast these โrumorsโ move billions... who's really benefiting? ๐ค
๐ BTC bounced back above $80K, now stabilizing around $79K.
But this isnโt a rally โ itโs Trumpโs wild crypto coaster.
โ ๏ธ Watch out: If nothing changes by April 9, Trumpโs tariff law fully kicks in โ could trigger another wave of volatility.
๐ฅ Key crypto dates this week:
โข April 10, 15:30 โ US Inflation Data
โข April 11 โ SEC roundtable on crypto trading
Buckle up โ this monthโs just heating up.
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๐ฐ๐คฃ When Even the Casino Loses at the Casino
Remember ZKasino? Yeah, that crypto โcasinoโ that rug-pulled users by swapping their ETH for shitcoins $ZKAS.
Wellโฆ instead of laundering the stolen ETH like normal scammers, they went full degen and longed ETH on Hyperliquid with the loot. Bold move.
๐ฅ Fast forward to yesterday's market dump โ
Their $27M position got liquidated.
Even in crypto, casinos canโt beat the house. ๐
Remember ZKasino? Yeah, that crypto โcasinoโ that rug-pulled users by swapping their ETH for shitcoins $ZKAS.
Wellโฆ instead of laundering the stolen ETH like normal scammers, they went full degen and longed ETH on Hyperliquid with the loot. Bold move.
๐ฅ Fast forward to yesterday's market dump โ
Their $27M position got liquidated.
Even in crypto, casinos canโt beat the house. ๐
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๐ Stock Market Wipeout โ Only Grandpa Warren Survived ๐
Investors who entered the U.S. stock market over a year ago have now lost all their gains โ unless they exited before the tariff war drama started.
One shining exception? ๐ง Warren Buffett โ the 95-year-old legend is still up $12.7B.
๐ Six months ago, news broke that Buffett started pulling out of the market.
Back then, no one understood why.
Now? It all makes perfect sense.
Investors who entered the U.S. stock market over a year ago have now lost all their gains โ unless they exited before the tariff war drama started.
One shining exception? ๐ง Warren Buffett โ the 95-year-old legend is still up $12.7B.
๐ Six months ago, news broke that Buffett started pulling out of the market.
Back then, no one understood why.
Now? It all makes perfect sense.
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๐ Binance: Tariffs Are Shaking Global Markets & Crypto ๐
Binance just dropped a fresh report highlighting that weโre now facing the toughest trade tariffs since the 1930s โ and yes, itโs already impacting both the global economy and crypto markets. ๐ง
Whatโs next? Expect more volatility ahead as tensions escalate. Buckle up, itโs gonna be a bumpy ride. ๐ข
Binance just dropped a fresh report highlighting that weโre now facing the toughest trade tariffs since the 1930s โ and yes, itโs already impacting both the global economy and crypto markets. ๐ง
Whatโs next? Expect more volatility ahead as tensions escalate. Buckle up, itโs gonna be a bumpy ride. ๐ข
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๐ธ Someone Just Paid $59,400 in BTC Fees! ๐
In the Bitcoin network, a user accidentally approved a transaction with a fee of 0.75 BTC โ thatโs around $59,400 at current prices.
To put it in perspective, thatโs 96,642x higher than the average fee. ๐ฐ
It looks as one of the most expensive "oops" moments in crypto history. ๐คท
In the Bitcoin network, a user accidentally approved a transaction with a fee of 0.75 BTC โ thatโs around $59,400 at current prices.
To put it in perspective, thatโs 96,642x higher than the average fee. ๐ฐ
It looks as one of the most expensive "oops" moments in crypto history. ๐คท
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๐ Market Correction? Yes. Panic? Not Really. ๐
Despite the ongoing market correction, on-chain data shows no signs of panic selling. The absence of "panic bars" (orange spikes) in the realized profit/loss ratio chart suggests that hodlers are keeping calm and holding their positions. ๐
๐ก Long-term investors arenโt rushing for the exits โ instead, theyโre staying level-headed and letting the market play out. A rare moment of Zen in crypto! ๐งโโ๏ธ
Despite the ongoing market correction, on-chain data shows no signs of panic selling. The absence of "panic bars" (orange spikes) in the realized profit/loss ratio chart suggests that hodlers are keeping calm and holding their positions. ๐
๐ก Long-term investors arenโt rushing for the exits โ instead, theyโre staying level-headed and letting the market play out. A rare moment of Zen in crypto! ๐งโโ๏ธ
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๐ Ray Dalio: It's Not Just About Tariffs
While headlines focus on Trumpโs new tariffs, Ray Dalio urges us not to miss the bigger picture. According to him, the world is going through a once-in-a-lifetime breakdown in three major systems:
1. ๐ธ Monetary Order โ Massive debt imbalances between the U.S. (borrower) and China (lender) are unsustainable. The system of โwe buy, they lendโ is breaking apart.
2. โ๏ธ Political Order โ Extreme division, loss of compromise, and ineffective leadership are weakening democracies.
3. ๐ Geopolitical Order โ The era of U.S.-led global cooperation is ending. Weโre entering a world of self-interest and power politics.
Add in tech disruption, climate events, and populismโand you get a volatile mix. Tariffs are just a symptom, not the cause.
๐ Dalio says weโre early in the โBig Cycleโ shift. ๐ค
While headlines focus on Trumpโs new tariffs, Ray Dalio urges us not to miss the bigger picture. According to him, the world is going through a once-in-a-lifetime breakdown in three major systems:
1. ๐ธ Monetary Order โ Massive debt imbalances between the U.S. (borrower) and China (lender) are unsustainable. The system of โwe buy, they lendโ is breaking apart.
2. โ๏ธ Political Order โ Extreme division, loss of compromise, and ineffective leadership are weakening democracies.
3. ๐ Geopolitical Order โ The era of U.S.-led global cooperation is ending. Weโre entering a world of self-interest and power politics.
Add in tech disruption, climate events, and populismโand you get a volatile mix. Tariffs are just a symptom, not the cause.
๐ Dalio says weโre early in the โBig Cycleโ shift. ๐ค
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Donald Trump's merch caps will go up in price by 34% due to tariffsโbecause they're made in China ๐
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Bitcoin gets tossed around again! ๐
๐ฃ After Trump dropped a whopping new tariff of 104% on Chinaโproving tariffs can go above 100% if you really want to double the price out of thin airโBitcoin dipped to test $74K again. Overnight, it staged a comeback to $77K, but the rollercoaster isnโt over yet. ๐ข
With new tariffs kicking in today and China known for not backing down easily, expect more wild market moves and high volatility ahead. ๐
Hold on tight, crypto famโthis ride is far from smooth!
๐ฃ After Trump dropped a whopping new tariff of 104% on Chinaโproving tariffs can go above 100% if you really want to double the price out of thin airโBitcoin dipped to test $74K again. Overnight, it staged a comeback to $77K, but the rollercoaster isnโt over yet. ๐ข
With new tariffs kicking in today and China known for not backing down easily, expect more wild market moves and high volatility ahead. ๐
Hold on tight, crypto famโthis ride is far from smooth!
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Elon Musk's net worth has dropped below $300 billion for the first time since November 2024! ๐๐ฐ
On April 7, Tesla shares plunged (down 2.56% to $223.29), costing Musk $4.4 billion. Earlier, during the global market turmoil on April 3โ4, he lost another $31 billion. Total losses in 2025 have already reached a staggering $134.7 billion! ๐คท
Musk now ranks sixth among the world's richest people who have suffered the most from Trump-era policies. However, according to the Bloomberg Billionaires Index, he's still holding the top spot with $298 billion in his pocket. ๐ต
On April 7, Tesla shares plunged (down 2.56% to $223.29), costing Musk $4.4 billion. Earlier, during the global market turmoil on April 3โ4, he lost another $31 billion. Total losses in 2025 have already reached a staggering $134.7 billion! ๐คท
Musk now ranks sixth among the world's richest people who have suffered the most from Trump-era policies. However, according to the Bloomberg Billionaires Index, he's still holding the top spot with $298 billion in his pocket. ๐ต
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๐ Standard Chartered just dropped a super bullish forecast for XRP:
โช๏ธ $5.50 by end of 2025
โช๏ธ $8 by end of 2026
โช๏ธ $10.4 by end of 2027
โช๏ธ $12.5 by end of 2028
Why so bullish? ๐
โก๏ธ SEC leadership shake-up
โก๏ธ Corporate adoption for cross-border payments
โก๏ธ Mass tokenization on the XRPL blockchain
Looks like they believe XRP will moon before Trumpโs term ends ๐
โช๏ธ $5.50 by end of 2025
โช๏ธ $8 by end of 2026
โช๏ธ $10.4 by end of 2027
โช๏ธ $12.5 by end of 2028
Why so bullish? ๐
โก๏ธ SEC leadership shake-up
โก๏ธ Corporate adoption for cross-border payments
โก๏ธ Mass tokenization on the XRPL blockchain
Looks like they believe XRP will moon before Trumpโs term ends ๐
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๐ Around 25% of the total Bitcoin supply is currently sitting in the red, marking the highest level of unrealized losses since September 2024.
Back then, up to 30% of coins were underwater when Bitcoin was trading at around $54K.
Despite today's higher price levels, a significant portion of holders still face paper losses, underscoring the market's persistent volatility. ๐
Back then, up to 30% of coins were underwater when Bitcoin was trading at around $54K.
Despite today's higher price levels, a significant portion of holders still face paper losses, underscoring the market's persistent volatility. ๐
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๐ The probability of a Fed rate cut at the May 7 meeting is steadily increasingโthe lower the graph, the more likely a cut.
๐ต๏ธโโ๏ธ Most experts and analysts agree that the Federal Reserve will soon be forced to lower rates.
Stay tuned for potential shifts in monetary policy that could impact markets and economic strategy.๐
๐ต๏ธโโ๏ธ Most experts and analysts agree that the Federal Reserve will soon be forced to lower rates.
Stay tuned for potential shifts in monetary policy that could impact markets and economic strategy.๐
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๐จ๐ณ There's buzz online that China is selling off its massive U.S. Treasury bondsโworth around $760 billion (second only to Japan in holdings)โand buying Bitcoin instead! ๐๐ฐ
While details are scarce and these claims remain unverified, such a move would signal a major shift in global financial strategy. ๐
While details are scarce and these claims remain unverified, such a move would signal a major shift in global financial strategy. ๐
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๐ฅ Bitcoin Mining Profitability Hits 2024 Low!
๐ The Bitcoin Hashprice Index has dropped to $42 per PH/sโits lowest since September 2024. Falling Bitcoin prices coupled with a nearly 7% jump in network difficulty on April 6 have squeezed mining profits by about one-third compared to the autumn period during the U.S. presidential elections, when they were above $60. ๐
As Bitcoin flirted below $75K on Monday and last night, some large mining companies are now nearing break-even, with costs ranging from $17 to $50 per PH/s in Q4 2024 (TheMinerMag). At $42, revenues for some miners, especially those with high electricity costs or outdated equipment, are already below their operational costs. ๐ง
Remember, in 2021, hashprice peaked at over $3500 per PH/s per day. Todayโs harsh reality might spark further consolidation in the mining industry.
๐ The Bitcoin Hashprice Index has dropped to $42 per PH/sโits lowest since September 2024. Falling Bitcoin prices coupled with a nearly 7% jump in network difficulty on April 6 have squeezed mining profits by about one-third compared to the autumn period during the U.S. presidential elections, when they were above $60. ๐
As Bitcoin flirted below $75K on Monday and last night, some large mining companies are now nearing break-even, with costs ranging from $17 to $50 per PH/s in Q4 2024 (TheMinerMag). At $42, revenues for some miners, especially those with high electricity costs or outdated equipment, are already below their operational costs. ๐ง
Remember, in 2021, hashprice peaked at over $3500 per PH/s per day. Todayโs harsh reality might spark further consolidation in the mining industry.
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