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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
💰 Bitcoin price breaks out above $71,000, causing spike in short liquidations
The upward price trajectory of bitcoin over the past 24 hours has resulted in over $56 million worth of bitcoin short liquidations. There have been over $193 million in liquidations over the past 24 hours in the cryptocurrency market. Of these liquidations, the vast majority, around $129 million, were short positions. Bitcoin short positions took the largest share of the damage, with over $56 million in liquidations in the past 24 hours, according to Coinglass data.
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💰 This is only the 2nd time in #Bitcoin’s history that seven consecutive months of positive returns have been achieved 📈
Back in 2012, the following month saw red month before another six months with consecutive positive returns were generated.
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🚀Top 10 Trending Coins Last 7 Days🚀
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💰 Bitcoin Tops Crypto Priority for Blackrock Clients as IBIT Holdings Reach 243K BTC
Blackrock’s head of digital assets has revealed that bitcoin is the overwhelming favorite cryptocurrency for the asset management firm’s clients. “And then a little bit Ethereum, and very little everything else,” he added. Blackrock’s spot bitcoin exchange-traded funds (ETF), the Ishares Bitcoin Trust (IBIT), has amassed approximately 243K bitcoins since its launch.
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🪙 Ethereum Sees Notable Rise In Daily Activity
Ethereum’s network has seen notable growth recently in both daily active users and daily transaction volume, yet the price of ETH, Ethereum’s native cryptocurrency, has undergone corrections in the past few days. Notably, Ethereum is down by over 10% in the past seven days, underperforming Bitcoin and the S&P 500. While this decline can be felt through the majority of large cryptocurrencies in the industry, the number of daily active Ethereum addresses has been steadily rising over the past month.
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Top 5 Daily Gainers & Losers
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🇲🇪 Do Kwon’s Extradition to South Korea Postponed by Montenegrin Supreme Court
Montenegro’s Supreme Court placed a pause on Terra founder Do Kwon’s pending extradition from the Balkan country, issuing an order on Friday that overturns earlier decisions from two lower courts to extradite Kwon to his native South Korea. Kwon has been in Montenegrin custody since March 2023, when he was arrested and jailed for attempting to use fake Costa Rican documents en route to Dubai after months on the run.
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Top 5 Daily Gainers & Losers
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🔵 Daily volume on Base network sees 51% surge to $356 million
The daily trading volume on the Ethereum Layer 2 network, Base, surged to hit a new high of $356 million on Tuesday, representing about a 51% jump from Monday, according to DefiLlama data. Base’s total value locked (TVL) also reached a new all-time high, amassing a total of $745.3 million, according to data. It recorded daily transactions of 1.65 million and nearly 130,000 new users on the network on Wednesday, according to analytics platform Dune.
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Top 5 Daily Gainers & Losers
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💰 GBTC Experiences Its Largest Daily Drain Yet, Nearly 239,000 BTC Gone in Under 70 Days
According to the latest statistics, Grayscale’s Bitcoin Trust (GBTC) experienced its most significant outflow on March 18, 2024, totaling $643 million. Onchain experts have closely observed GBTC’s activities as a considerable number of bitcoin have been moved out of the trust’s reserves.
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Top 5 Daily Gainers & Losers
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🇸🇻 El Salvador's President Nayib Bukele says the 1 💰 Bitcoin a day program will continue until Bitcoin becomes unaffordable with fiat currencies
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💰 Bitcoin Hashrate reached a new ALL TIME HIGH of 636,000,000,000,000,000,000 hashes/s this week
Miners won't and can't stop bringing hash online ahead of the halving!
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Top 5 Daily Gainers & Losers
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Top 5 Daily Gainers & Losers
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📣 London Stock Exchange to Launch Bitcoin & Ethereum ETN Market
The London Stock Exchange is reportedly set to launch Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETN) market. Indeed, the United Kingdom’s main stock exchange issued a market notice Monday stating that Crypto ETNs will be launched on May 28th, 2024. The exchange previously announced that it was set to accept applications for Bitcoin and Ethereum ETNs earlier this month. Additionally, the notice states that these applications can be made starting on April 8th.
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Top 5 Daily Gainers & Losers
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Top 5 Daily Gainers & Losers
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💰 JPMorgan Expects Bitcoin Pullback, Bernstein Ups Forecast to $90K
The market seems confused, as predictions for bitcoin price after halving have started to wildly fluctuate. Bitcoin (BTC), the leading digital asset, has encountered a pullback of over 10% from its all-time high, signaling a potential shift in market sentiment. Notably, Bloomberg reported on Friday that the demand for spot Bitcoin Exchange-Traded Funds (ETFs) has shown signs of moderation, adding to concerns about the BTC’s short-term outlook.
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HISTORY: 💰 Gary Gensler assigning the Bitcoin white paper for homework at MIT
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💰 Bitcoin (BTC) Price Recovers But Danger Still Looms: QCP Capital
Bitcoin’s setback below $61,000 triggered a market-wide correction. Despite the inflow of fresh capital, the leading crypto asset registered 15% in weekly losses at one point after hitting new all-time highs earlier this month. QCP Capital’s analysis suggests that the Bitcoin bull market is far from over while simultaneously highlighting a continued liquidity rotation, which is likely to propel the asset to new highs post-halving. Having said that, a “violent” near-term correction due to lingering leverage might transpire.
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💰 Marathon CEO explains the financials of landfill methane gas Bitcoin mining ⛏
“With methane landfill gas, it’s coming out of the ground all the time, so you can mine 24/7.”
- Fred Thiel
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⚪️ Robinhood rolls out crypto wallet to Android users globally
Robinhood has officially rolled out its cryptocurrency wallet for Android users, expanding access to millions of potential crypto users worldwide. The Android expansion comes a year after Robinhood Wallet was launched to iOS users globally. The Android app was in beta until now, with a public waitlist open for registrations. Now with the general release, all customers who previously joined the waitlist can now download the Android wallet and get started, Robinhood said Wednesday.
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💰 Rogue trader crashes Bitcoin to $8900 on BitMEX in massive sell-off event
BitMEX is investigating an unusual activity involving “a user selling large orders” on its Bitcoin spot market. Yesterday, several market observers identified a rogue seller who unloaded more than 400 BTC on the BitMEX exchange. This action resulted in the flagship digital asset crashing by 87% to as low as $8900 on the platform yesterday before correcting to the actual price.
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💰 "With every halving, the American Dream is getting cheaper in terms of Bitcoin. Bitcoin is giving a lot of young people hope."
- Natalie Brunell
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Top 5 Daily Gainers & Losers
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🇸🇻 El Salvador’s 💰 Bitcoin HODL Strategy Pays Off as Nation Sees 55% Profit
El Salvador, the pioneering country that approved Bitcoin as legal tender, has consistently adhered to its HODL strategy, even amidst the market crash from two years ago and the massive rise toward new ATH this week. According to its Bitcoin tracker, El Salvador has 2,864 BTC, whose current value is $188 million, acquired across 12 transactions at an average price of $42,630 each. Based on today’s market, Bitcoin has seen a 176% increase over the past year, pushing El Salvador’s unrealized gains to $66 million.
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💰 It took 4 years for MicroStrategy to buy 205,000 Bitcoin
📈 It took just a few months for BlackRock to buy 223,645 Bitcoin for its spot Bitcoin ETF
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