
China’s Crypto ETF Approval
China has approved the launch of spot Bitcoin and Ethereum ETFs in Hong Kong, which could drive up demand and prices for major cryptocurrencies.
China has approved the launch of spot Bitcoin and Ethereum ETFs in Hong Kong, which could drive up demand and prices for major cryptocurrencies.
The crypto market has shaken off concerns of escalations between Iran and Israel, with Bitcoin (BTC) trading above $65,000 and Ether (ETH) back above $3100. Traders are also anticipating the launch of Bitcoin and Ether ETFs in Hong Kong, which could unlock up to $25 billion in demand.
An analyst has revealed a list of 9 promising low-cap altcoins, including Guns, CreatorHood, Polkadot, ChainGPT, and others, that could potentially turn a $1,000 investment into $100,000 within the next 5 years, especially with the upcoming Bitcoin halving and ETF approvals.
LunarCrush CEO Joe Vezzani believes that despite the upcoming Bitcoin halving, there might not be a significant shift in retail engagement, as social media data shows a decline in overall crypto-related activity and engagement, even as prices rise.
April 10th and 11th mark crucial dates for the crypto and Bitcoin markets, as the release of the US Consumer Price Index and FOMC meeting minutes can significantly impact Federal Reserve interest rate decisions and, consequently, the performance of digital assets.
Bitcoin has shaken off last week’s market jitters, briefly trading above $72,000 on Monday. Meanwhile, stablecoins were in the spotlight, with VanEck and Ripple Labs getting involved in new offerings, and a jury in New York finding Terraform Labs and its founder, Do Kwon, liable for civil fraud charges.
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.