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Is The Bitcoin Bull Run Losing Steam? Indicator Signals Potential Slowdown
10.4.2024
Bitcoin's on-chain momentum may be showing signs of a potential slowdown with the Value Days Destroyed (VDD) Multiple indicator surging above 4.0, leading to speculation among crypto traders about the end of the current bull run.
The post Is The Bitcoin Bull Run Losing Steam? Indicator Signals...
Bitcoin Technical Analysis: BTC Remains Range Bound Ahead of US Inflation Report
10.4.2024
Bitcoin’s price movements on April 10, 2024, showcased a day of significant volatility, with the cryptocurrency’s value swinging between $68,207 and $70,917. Oscillators and moving averages paint a complex picture of neutrality and cautious selling signals, amidst a backdrop of...
First Mover Americas: Meme Coin Indexes Are Here
10.4.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for April 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Crypto Miners Run Down Bitcoin Inventory to 3-Year Low in a Strategic Pre-Halving Move
10.4.2024
Bitcoin miners have been running down inventory in a rising market, moving away from the accumulation strategy seen ahead of prior halving in May 2020
Filecoin Staking Protocol Core Team Detained by Chinese Police; $22 Million in FIL Tokens Sent to Unknown Address
10.4.2024
STFIL, the Filecoin liquid staking protocol, believes its core technical team is being investigated by the Chinese police. The STFIL team said it also recently detected abnormal and unscheduled upgrades to the protocol. During the core technical team’s detention, FIL tokens worth over...
Bitcoin Falls Below $69K Ahead of U.S. CPI; Cardano, Dogecoin Lead Losses in Altcoins
10.4.2024
One analyst said profit taking by long-term holders spiked meaningfully into the $73,000 level and has cooled down in recent weeks, supporting a bullish bias in the future
Grayscale CEO Says Bitcoin ETF Outflows Are Reaching Equilibrium: Reuters
10.4.2024
Sonnenshein said that some of the selling connected to settlements of bankrupt crypto companies like FTX are "largely behind us."
Hong Kong Likely to Approve Spot Bitcoin ETFs Next Week: Reuters
10.4.2024
Hong Kong regulators are likely to approve the first set of applications for spot bitcoin exchange-traded funds next week, making it possible that the products could be ready for an April launch, Reuters reported on Wednesday, citing two people familiar with the matter
Bitcoin’s Bullish Quarter Eases Retail Skepticism: Deutsche Bank
10.4.2024
While 40% of respondents to the German bank’s survey said bitcoin will thrive in the coming years, 38% said they expect the cryptocurrency to disappear
Bitcoin (BTC) surges on spot trading, eyes on Halving
10.4.2024
Bitcoin is down by 2.555 in the last 24 hours, exchanging hands at $69,295.04 at the time of writing this article. That is a reflection of a surge of 4.67% in the last 7 days and 145.02% in the last 365 days. The jump in value is majorly credited to the approval of Spot ETF …
Hong Kong will introduce Spot Bitcoin ETF in April
10.4.2024
Hong Kong’s move reflects a fundamental shift in the international Bitcoin business. It is expected that the introduction of spot Bitcoin Exchange Traded Funds will revive the global cryptocurrency investment landscape. According to industry reports, four corporate organizations have been...
Marathon CEO Says Bitcoin’s Upcoming Halving Event is Already Partially Priced In
10.4.2024
Bitcoin's highly anticipated "halving" event may already be partially factored into the market, according to the CEO of Marathon Digital Holdings Inc., the largest cryptocurrency miner in the United States.
The post Marathon CEO Says Bitcoin’s Upcoming Halving Event is Already Partially...
Bitwise President Praises Tether’s Successful Business Model
10.4.2024
Teddy Fusaro, president of Bitwise, one of the crypto index fund managers, has praised the business model of Tether, the company behind the largest stablecoin in the crypto market. Fusaro emphasized that Tether obtained net income numbers close to the ones of traditional institutions such...
Marathon CEO Credits Bitcoin ETF on Pre-Halving Price Surge
10.4.2024
Fred Thiel, CEO of Marathon Digital Holdings Inc., suggested that recent spot Bitcoin ETF approvals have accelerated the market’s appreciation, typically expected post-Bitcoin halving, by attracting significant capital into the market. Thiel remarked that this shift has led to an unusual...
Bitcoin Reportedly Hindering El Salvador’s Credit Opportunities With the IMF
10.4.2024
Bitcoin and its adoption by the government of El Salvador have become a negative factor in the country’s negotiations with the IMF. According to reports, the institution demands changes to El Salvador’s Bitcoin law to receive a $1.4 billion credit line for expediting public debt...
Hong Kong Poised to Unveil First Spot Bitcoin ETFs on April 15
10.4.2024
Hong Kong’s securities regulator aims to approve the first batch of Spot Bitcoin ETFs on April 15. However, their availability is expected to commence roughly two weeks after approval.
The post Hong Kong Poised to Unveil First Spot Bitcoin ETFs on April 15 appeared first on Cryptonews
Celo Adds Tether’s USDT as Gas Currency
10.4.2024
Celo, a low-fee, usability-focused blockchain, has approved using Tether’s USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal stated this functionality would simplify the transaction experience for users, who only need to hold the USDT stablecoin...
Peter Schiff Warns High Inflation Returning — Accuses JPMorgan CEO Jamie Dimon of Sugarcoating the Problem
10.4.2024
Economist and gold bug Peter Schiff has warned that high inflation will return with a vengeance and significant Fed rate hikes will be necessary. He also criticized JPMorgan CEO Jamie Dimon for downplaying the severity of the U.S. economic situation. However, he conceded that Dimon’s...
Revolutionizing Data Ownership: DOP Secures $162 Million in Landmark Token Sale Ahead of Mainnet Launch
10.4.2024
PRESS RELEASE. In an unprecedented demonstration of community support and market confidence, DOP (Data Ownership Protocol) has successfully raised $162 million through its recent token sale. This remarkable achievement not only underscores DOP’s innovative approach to data ownership but also...
VanEck CEO Says Transaction Fee Is Bigger Story Than Bitcoin or Ethereum ETFs
9.4.2024
Jan Van Eck told CoinDesk TV's Jen Sanasie that not hearing back from the SEC is a sign that ETH exchange-traded funds likely wont make the May deadline