A recent report by CoinShares revealed that crypto investment products experienced $206 million in outflows last week, with Bitcoin and Ethereum accounting for the majority of the outflows, while altcoins like Litecoin and Chainlink saw substantial inflows during the same period.
Two Securities and Exchange Commission lawyers resigned after facing potential termination following a federal judge’s sanctions and sharp rebuke of the regulator for “gross abuse” of power in a crypto case against Digital Licensing Inc. (DEBT Box).
Bitcoin experienced a massive surge in fees after the launch of Bitcoin Runes, a protocol enabling fungible tokens on the blockchain.
Victory Securities, a Hong Kong-based investment firm, has revealed its proposed fees for upcoming Bitcoin and Ethereum ETFs, even before the official list of approved issuers is published by the Hong Kong Securities and Futures Commission.
Bitcoin’s value has dipped under the $60,000 mark, accompanied by traders liquidating over $115 million in positions within a 4-hour window, potentially driven by the imminent Bitcoin halving event.
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.
