💰 Funding rate turns negative as Bitcoin drops below $64k

In the volatile world of cryptocurrency, perpetual futures are a go-to for many traders. These contracts don't expire, relying instead on a mechanism called the funding rate to balance market forces. Recently, Bitcoin's perpetual futures saw a dramatic shift. Typically steadied by consistent positive funding rates, a sudden plunge into negative territory coincided with geopolitical turmoil and a significant drop in Bitcoin's price.

Source

https://hottg.com/Bitcoin_Crypto_Signals

🥇 Bitcoin barely holds on to $60k as bears retest March lows

Bitcoin (BTC) took a downturn below $60,000 on April 17 as US markets began trading, marking a return to prices last seen in early March before the digital currency rallied to new heights. The flagship crypto touched a low of $59,658 before modestly recovering to around $60,800 as of press time, based on CryptoSlate data. Bitcoin was clinging to the $60,500 support level after a slowdown in sell pressure, with bulls attempting a potential recovery above $61,000.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin's Bullish Trajectory Should Resume After the Halving, Analysts Say

Global asset management firm Alliance Bernstein’s analysts Gautam Chhugani and Mahika Sapra shared their perspectives on the Bitcoin halving in a note to clients on Wednesday. Bernstein predicted in November last year that the price of bitcoin could reach $150,000 by 2025. Chhugani stated at the time that this prediction is driven by optimism of the U.S. Securities and Exchange Commission (SEC) approving spot bitcoin exchange-traded funds (ETFs).

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin Halving: Goldman Sachs Downplays Impact of 'Buy the Rumor, Sell the News'

Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by the supply-demand dynamic and continued demand for spot bitcoin exchange-traded funds (ETFs), “which combined with the self-reflexive nature of crypto markets is the primary determinant for spot price action.”

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Binance CEO Richard Teng says this Bitcoin halving is 'unique' due to recent significant events

Binance CEO Richard Teng said that this year’s Bitcoin halving comes amid a positive backdrop for the cryptocurrency and the wider market in general. “In addition to the ETF breakthrough, which has spurred institutional interest and participation, another major current in crypto today is the boom of the Layer 2 and DeFi activity on the Bitcoin network, fueled by the popularity of the Ordinals protocol and Bitcoin inscriptions,” he added.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin network completes the fourth-ever ‘halving’.

The Bitcoin network completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25.

https://hottg.com/Bitcoin_Crypto_Signals

💰 Halving Milestone: Block 840,000 Mined, Ushering in a New Chapter as Bitcoin Miners Face Shrinking Rewards

Bitcoin’s latest halving event occurred at block 840,000 which was mined by Viabtc on Friday evening. Additionally, the mining pool SBI Crypto unearthed the final 6.25 BTC block reward at block height 839,999. Starting with block 840,000, the reward has been reduced to 3.125 BTC per block. The mined block also achieved a whopping 37.626 BTC in transaction fees.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF

Bitcoin ETF provider Grayscale has provided some details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing. The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing. Shares of the BTC trust are to be issued and distributed automatically to holders of GBTC shares.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 JPMorgan CEO Jamie Dimon: Bitcoin Is a Fraud, There's No Hope for BTC as a Currency

JPMorgan Chase CEO Jamie Dimon has doubled down on his anti-bitcoin stance, emphasizing that the crypto is a fraud with no future as a currency. “It’s a Ponzi scheme,” the executive stressed. However, despite his strong opinion about bitcoin, JPMorgan is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Dimon, while advising investors to steer clear of the cryptocurrency, also expressed that he doesn’t want to tell anyone what to do. “It’s a free country,” he emphasized.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Mt Gox: Euphoria Hits Community As New Repayment Date Comes Into View

Mt Gox may be nearing the final stage of its much-anticipated repayment process to its creditors as the community recently took to Reddit to celebrate the new updates on its website. One Reddit user dubbed Due_Career_4786 stated that the Mt Gox website went down a few days ago due to some suspected technical discrepancies. He precisely mentioned that the glitch was a function of an ongoing update being carried out on the platform.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 BlackRock Spot Bitcoin ETF Surpasses MicroStrategy, Holds $18B in 273,596 BTC

The global investment management firm now boasts an impressive stash of 273,596 BTC, valued at a staggering $18 billion, all earmarked for its spot Bitcoin exchange-traded fund (ETF). This significant accumulation positions BlackRock spot Bitcoin ETF as a formidable force in the market, overshadowing competitors and solidifying its status as a major player in the cryptocurrency investment arena.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin’s halving fails to stem $206 million outflows as investors shift to altcoins like Polkadot

Crypto-related investment products saw their second consecutive week of outflows in April, with roughly $206 million leaving the market, per CoinShares‘ recent weekly report. Despite Bitcoin’s recent halving, which typically generates excitement in the market, investor interest in the leading digital asset remained subdued, evidenced by outflows totaling $192 million.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Spot bitcoin ETFs continue net inflows after a rough last pre-halving week

After breaking a five-day streak of consecutive net outflows on Friday — when the foremost cryptocurrency's block rewards officially halved — spot bitcoin exchange-traded funds in the United States recorded another day of net inflows on Monday. The total net inflow for spot Bitcoin ETFs yesterday was just over $62 million, with the Fidelity Wise Origin Bitcoin Fund garnering the most significant single-day net inflow at $34.83 million, according to data from SoSoValue.

Source

https://hottg.com/Bitcoin_Crypto_Signals

🪙 Standard Chartered reverses stance, now says 🇺🇸 SEC unlikely to approve spot Ethereum ETFs in May

Standard Chartered Bank, previously optimistic, has now changed its stance on spot Ethereum exchange-traded funds, saying the U.S. Securities and Exchange Commission is unlikely to approve such funds in May. "We had previously expected the SEC to approve ETH ETFs on May 23," Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, wrote in a report on Tuesday.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Bitcoin miner revenue holding steady following halving

Perhaps the most significant moment of the past week was the bitcoin halving, which happened late in the day on Friday, April 19. As a reminder, the halving happens every 210,000 blocks, or roughly every four years, given that a block gets mined around every 10 minutes and decreases the reward for mining a bitcoin block by half, slowing bitcoin’s issuance.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 High Bitcoin fees push active addresses down to 3-year low

Bitcoin network experienced a substantial shift. As the halving event reduced miner rewards, transaction fees skyrocketed to 1,257.71 BTC, marking the highest level since December 2017 and accounting for over 75% of miner revenue for the day. This spike in fees coincided with significant network congestion, particularly exacerbated by new protocols like Runes.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 ViaBTC's 'epic sat' from fourth Bitcoin halving block sells for 33.3 BTC ($2.13 million)

An "epic sat"—an exceptionally rare satoshi, the smallest unit of bitcoin, from Bitcoin's fourth halving block—sold for over $2 million. This milestone not only signifies Bitcoin's fourth halving but also includes a block identified as an epic 'Rare Satoshi' by the Ordinals numbering system," CoinEx Global wrote on the satoshi's auction page, adding on social media, "This auction isn't just a bidding event; it marked the community recognition, media attention and widespread embrace of Bitcoin."

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Strike CEO Predicts $1 Million BTC Amid COVID-Level Money Printing

Bitcoin could be headed to $1 million after a tsunami of newly printed cash drives up all asset prices, according to Strike CEO Jack Mallers. The executive, whose payments app lets people remit fiat currency around the world on Bitcoin rails, said in a Friday interview that money printing will be required to bail out the U.S. bond market, which he claims is “in trouble for the first time in modern financial history.”According to Mallers, the U.S. government and the Federal Reserve have two options: either let the banking system fail, or print their way out of the mess.

Source

https://hottg.com/Bitcoin_Crypto_Signals

💰 Metaplanet Inc. purchases 1 billion yen worth of Bitcoin

Metaplanet Inc. finalized its acquisition of 97.85 Bitcoins, amounting to a total purchase price of 1 billion Japanese yen. The investment and consulting company, listed on the Tokyo Stock Exchange, announced its purchase in a post on X on April 24. Metaplanet Inc. first announced its plans to purchase Bitcoin on April 8. The Japanese company revealed that the acquisition will total 1 billion Japanese yen, equivalent to approximately $6.25 million.

Source

https://hottg.com/Bitcoin_Crypto_Signals