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🚀🚀🚀 #ETFs : Will #Bitcoin‬ hit a fresh all-time high in 2024? Bitcoin's potential to surpass its previous all-time high (ATH) of nearly $70,000 is fueled by the emergence of exchange-traded funds (ETFs) & the upcoming halving event scheduled for April 2024. - BTC's Recent Performance: Bitcoin recently surged to its highest price since 2021, approaching its record peak of $69,000 before a correction. It currently stands above $63,000, driven by significant capital inflows into the global cryptocurrency market. - Impact of ETFs: The approval of spot ETFs for Bitcoin in the U.S. has attracted billions of institutional dollars, contributing to its upward trajectory. Out of the 11 approved ETFs, 10 are actively trading & have garnered substantial inflows. - ETF Holdings: Nine approved ETFs manage over 300,000 BTC, valued at $17 billion, while #grayscale 's holdings amount to approximately $27.61 billion, totaling around $43 billion worth of Bitcoin. - BlackRock's Dominance: #BlackRock , managing assets exceeding $7 billion, leads among ETF operators. Trading volume for its iShares Bitcoin Trust (IBIT) surged on Feb. 28, indicating widespread adoption. - Halving Event: Bitcoin's halving, occurring every four years, historically sparks price surges. Analysts predict it could drive Bitcoin to new highs, targeting at least $130,000 by 2024. - Scarcity Model: The halving maintains Bitcoin's scarcity, aligning with its deflationary principles by reducing mining rewards from 6.25 to 3.125 BTC per block. This ensures only 21 million $BTC will ever circulate, emphasizing Bitcoin's controlled supply mechanism. - Market Predictions: While many expect Bitcoin's price to soar post-halving, some, like JPMorgan, predict a drop to $42,000. The market's response will determine whether #bullish forecasts materialize in 2024. - Current Status: As of writing, Bitcoin trades at $63,748, with a market cap exceeding $1.2 trillion. Its future trajectory hinges on factors like ETF adoption & the halving event's impact on supply dynamics. Source - crypto.news

🚀🚀🚀 #ETFs : Will #Bitcoin‬ hit a fresh all-time high in 2024?

Bitcoin's potential to surpass its previous all-time high (ATH) of nearly $70,000 is fueled by the emergence of exchange-traded funds (ETFs) & the upcoming halving event scheduled for April 2024.

- BTC's Recent Performance:

Bitcoin recently surged to its highest price since 2021, approaching its record peak of $69,000 before a correction. It currently stands above $63,000, driven by significant capital inflows into the global cryptocurrency market.

- Impact of ETFs:

The approval of spot ETFs for Bitcoin in the U.S. has attracted billions of institutional dollars, contributing to its upward trajectory. Out of the 11 approved ETFs, 10 are actively trading & have garnered substantial inflows.

- ETF Holdings:

Nine approved ETFs manage over 300,000 BTC, valued at $17 billion, while #grayscale 's holdings amount to approximately $27.61 billion, totaling around $43 billion worth of Bitcoin.

- BlackRock's Dominance:

#BlackRock , managing assets exceeding $7 billion, leads among ETF operators. Trading volume for its iShares Bitcoin Trust (IBIT) surged on Feb. 28, indicating widespread adoption.

- Halving Event:

Bitcoin's halving, occurring every four years, historically sparks price surges. Analysts predict it could drive Bitcoin to new highs, targeting at least $130,000 by 2024.

- Scarcity Model:

The halving maintains Bitcoin's scarcity, aligning with its deflationary principles by reducing mining rewards from 6.25 to 3.125 BTC per block. This ensures only 21 million $BTC will ever circulate, emphasizing Bitcoin's controlled supply mechanism.

- Market Predictions:

While many expect Bitcoin's price to soar post-halving, some, like JPMorgan, predict a drop to $42,000. The market's response will determine whether #bullish forecasts materialize in 2024.

- Current Status:

As of writing, Bitcoin trades at $63,748, with a market cap exceeding $1.2 trillion. Its future trajectory hinges on factors like ETF adoption & the halving event's impact on supply dynamics.

Source - crypto.news

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👉👉👉 #Ethereum Price Fails Again, Signs Of More Losses Below $3,300 The Ethereum price is encountering challenges in reclaiming ground above the $3,360 resistance area, signaling potential further declines below $3,300 and $3,250. Despite several obstacles near $3,350 and $3,360, Ethereum is unable to break through. Trading beneath $3,350 and the 100-hourly Simple Moving Average. A rising channel support at $3,320 was breached on the hourly chart of ETH/USD sourced from Kraken. A close below the critical $3,200 support level could trigger an extension of losses. Ethereum Price Showing #bearish Signals Ethereum experienced a dip below $3,300 before seeing some bullish activity. The price touched as low as $3,215 before a minor recovery, echoing Bitcoin's movement. It managed to climb above $3,250 and $3,280 levels. Despite a move above the 23.6% Fib retracement level of the downward swing from the $3,655 high to the $3,215 low, resistance remained firm near $3,360. The bulls faced resistance, resulting in a downward reaction. Ethereum broke below $3,320 and trades under $3,300, below the 100-hourly Simple Moving Average. Immediate resistance is at $3,300, then $3,360. Further resistance lies near $3,435, with a potential test of $3,500 upon a break. Resistance is also expected at $3,550, possibly pushing Ethereum towards $3,650 and $3,750. Possibility of Further Declines in ETH? - Failure to surpass the $3,360 resistance could lead to continued downside momentum. Initial support is at $3,240. The primary support zone lies near $3,215, followed by the key level around $3,200. A decisive move below $3,200 might drive the price towards $3,120. Additional losses could see Ethereum testing the $3,040 level. Technical Indicators Hourly MACD – The MACD for ETH/USD indicates increasing bearish momentum. Hourly RSI – The RSI for ETH/USD is currently below the 50 level. - Major Support Level – $3,215 - Major Resistance Level – $3,360 Source - newsbtc.com #CryptoNews🔒📰🚫 #BinanceSquareTalks #cryptocurrency $ETH
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👉👉👉 Fake #NFT Project #Hack ? CTO Vanishes After Allegedly Stealing 94 $SOL In the fast-paced world of #cryptocurrencies and NFTs, innovation often comes with a price – the risk of fraud and deception. The recent controversy surrounding Nuddies NFT exemplifies this risk, as suspicions arose regarding potential misappropriation of funds by the project's Chief Technology Officer, Kyle. ZachXBT, a renowned investigator, uncovered discrepancies in on-chain data, suggesting that Kyle may have orchestrated a scheme to divert funds from the project's treasury under the guise of a hack. Despite Kyle's attempts to reassure the community and promises of transparency, both he and the official Nuddies NFT account disappeared, leaving investors disillusioned and uncertain. In an unexpected turn, control of the project fell into the hands of community members, including NFT artist Juiceddd. Tasked with restoring faith and revitalizing the project, Juiceddd faces the challenge of addressing community concerns while navigating the aftermath of the controversy. The Nuddies NFT saga serves as a stark reminder of the risks associated with decentralized projects and the importance of due diligence. As the community reflects on this ordeal, lessons learned will shape the future of the NFT landscape, emphasizing the need for transparency and accountability to safeguard investor trust. Source - newsbtc.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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#CoinGecko : Meme coin narratives gain 1,313% during Q1 In Q1 2024, the #cryptocurrency market saw dynamic performance across sectors, with meme coins, real-world assets, and AI tokens leading in profitability. Meme coins delivered remarkable returns, averaging 1,312% across top tokens. New entrants like Brett (BRETT) and BOOK OF MEME (BOME) saw impressive gains, with Brett leading at 7,727%. Real World Asset (RWA) tokens, linked to physical assets/utilities, secured the second position with a 285% return. MANTRA (OM) and TokenFi (TOKEN) led, gaining 1,074% and 419% respectively. AI tokens performed strongly, averaging 222% returns. AIOZ Network (AIOZ) and Fetch.ai (FET) led the sector with gains of 480% and 378%. #DEFI and DePIN narratives saw moderate gains. DeFi rose 98.9%, with Ribbon Finance (RBN) recording a 430% gain. DePIN closed with an 81% return, led by Arweave (AR) and Livepeer (LPT). #Layer1 (L1), GameFi, and #Layer2 (L2) narratives lagged. L1 saw a 70% return, with Solana ($SOL ) leading but being outpaced by Toncoin (TON) and Bitcoin Cash ($BCH ). GameFi and L2 posted returns of 64.4% and 39.5% respectively, with Ethereum L2s like Arbitrum (ARB), Polygon ($MATIC ), and Optimism (OP) underperforming. Source - crypto.news
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🔥🔥🔥 Top 3 #cardano -based #altcoins that Could Deliver Massive Returns Tokens within the Cardano ecosystem, like Minswap (MIN), Indigo (INDY), and Liqwid (LQ), are set for substantial returns in 2024. Despite Cardano's token performance, its ecosystem has seen remarkable growth, surpassing Bitcoin in #DEFI TVL and attracting significant capital inflows. 1. Minswap (MIN): Recognized for its efficiency and governance, Minswap's TVL peaked at 179 million ADA, now valued at $96.94 million.MIN holders benefit from governance rights and staking rewards, with a 58% increase since November. 2. Indigo (INDY): INDY, powering Indigo's synthetic assets protocol, saw TVL surge to $125 million, with a $10.88 million market cap.Despite a 20% decline year-to-date, INDY remains promising due to protocol traction. 3. Liqwid (LQ): Liqwid, facilitating token borrowing and lending, hit a TVL high at $68 million, now at $49.75 million.LQ's market cap is below $1 million, presenting growth opportunities at $2.20 per token. In sum, these Cardano tokens promise attractive returns for investors in 2024. Source - thecryptobasic.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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🔥🔥🔥 This #DEX Just Launched the First #Decentralized Crypto ETF CrowdSwap launches the #BullRun🐂 dETF, the first decentralized crypto exchange-traded fund (ETF), comprising ten digital assets, including Bitcoin and Ether. This innovative fund offers investors diversified exposure to the crypto market while maintaining decentralization and security. The Bull Run dETF includes assets like Polygon, Avalanche, Chainlink, Polkadot, Binance Coin, Fetch AI, ChainGPT, and Crowd's native token CROWD. Bitcoin and Ether make up 35% of the fund, with other assets ranging from 5% to 10%. CrowdSwap evaluates each asset strategically to capitalize on market opportunities. This move signifies the convergence of traditional finance and blockchain technology, providing investors with simplified, secure, and decentralized access to diversified crypto portfolios. The Bull Run dETF aims for a balanced portfolio, considering factors like potential ROI, risk analysis, and investor preferences. Historical data suggests potential yearly gains exceeding 206%, fueling optimism for the Bull Run dETF's growth trajectory. While CrowdSwap pioneers this innovation, other firms like First Trust have proposed unconventional crypto ETFs, signaling broader interest in crypto investment vehicles. Source - cryptopotato.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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