Several major cryptocurrencies, including Ethereum, Bitcoin, and Dogecoin, experienced significant price increases at the start of the week, driven by a confluence of positive catalysts. These include the potential for short squeezes, favorable technical trading patterns, and geopolitical tailwinds from leading Chinese money management firms.
Binance NFT Marketplace is ending all support for Bitcoin-based NFTs starting April 18 due to declining market trends, urging users to withdraw their holdings.
Inspired by the Bitcoin Ordinals Runestone project, a Dogecoin Ordinals initiative called Doge Runestone airdropped 30,272 Dogecoin NFTs this week, adopting a “free and fair” distribution model, and the collection has already seen significant trading activity with a current floor price of around $32.
Dogecoin blockchain enthusiasts have completed a free airdrop of “Doge Runestones,” their version of the popular Bitcoin Ordinals-based Runestone NFTs.
Long-term Bitcoin (BTC) holders have started selling their holdings to a fresh cohort of new investors, igniting a surge in the cryptocurrency’s price and realized capitalization, according to an analysis report from Glassnode.
Galaxy Digital, Mike Novogratz’s crypto conglomerate, is reportedly in the early stages of raising a $100 million venture fund targeting early-stage crypto startups. This move comes as venture capital firms are rushing back into the crypto space, with the recent Bitcoin rally and the approval of spot Bitcoin ETFs reviving investor interest in the market.
Bitcoin’s price plunged below $67,000, leading to over $426 million in liquidations across the crypto market. The broader market experienced losses in tandem with Bitcoin’s dip.
Coinbase experienced its second-largest Bitcoin outflow this week, with two massive withdrawals totaling 33,800 BTC, potentially signaling bullish sentiment and institutional interest, despite a recent market correction.
Billy Markus, the co-founder of Dogecoin, playfully urged Bitcoin to reach $1 million while he sleeps, igniting discussions within the crypto community about Bitcoin’s potential for disruption and unprecedented growth.
Unfazed by Bitcoin’s recent slide, investment firm Bernstein has raised its year-end Bitcoin price target to $90,000 and boosted its outlook on cryptocurrency mining stocks, citing strong ETF inflows, aggressive miner capacity expansion, and record miner revenues.
