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๐Ÿ” Arkham Intelligence reveals Grayscale's BTC transfers since ETF launch on Jan 11: 266,470 Bitcoins moved for GBTC redemptions. โณ GBTC may run out of Bitcoin in 96 days at current redemption rate. ๐Ÿ“ˆ Grayscale transfers BTC at a rate of 25.9K per week. ๐Ÿ”„ Grayscale considering fee reduction and mini ETFs, says Chinese journalist Colin Wu. ๐Ÿ’ฌ Grayscale CEO expects GBTC fees to decrease over time as market matures. ๐Ÿ’ฐ Bitcoin trading at $64,367, with a 0.47% increase in 24 hours and 2.15% in 7 days. Monthly surge: 26.16%. #BTC๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ #ARKMAnalysis #MK_Crypto

๐Ÿ” Arkham Intelligence reveals Grayscale's BTC transfers since ETF launch on Jan 11: 266,470 Bitcoins moved for GBTC redemptions.

โณ GBTC may run out of Bitcoin in 96 days at current redemption rate.

๐Ÿ“ˆ Grayscale transfers BTC at a rate of 25.9K per week.

๐Ÿ”„ Grayscale considering fee reduction and mini ETFs, says Chinese journalist Colin Wu.

๐Ÿ’ฌ Grayscale CEO expects GBTC fees to decrease over time as market matures.

๐Ÿ’ฐ Bitcoin trading at $64,367, with a 0.47% increase in 24 hours and 2.15% in 7 days. Monthly surge: 26.16%. #BTC๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ #ARKMAnalysis #MK_Crypto

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- Layergg's analysis on current crypto market conditions: - ๐Ÿ“‰ FUD factors after Bitcoin halving: - Ethereum spot ETF rumors - USA seeks prison sentence for CZ - Mt. Gox's $9B Bitcoin refunds - Possible interest rate cut delays - SEC's "Wells Notice" to ConsenSys - DTCC "haircut" FUD - Forbes' "Zombie Coins" list - FBI warning against unregistered crypto brokers - SEC postpones Bitcoin ETF options decision - ๐Ÿ“ฐ Pessimistic sentiments dominate news feeds post-halving. - Layergg's bullish stance on crypto: - ๐Ÿ‚ Encourages investors to capitalize on market opportunities. - ๐Ÿ’ผ Markets experience healthy corrections during bull runs. - Bullish factors highlighted: - ๐Ÿš€ Bitcoin ETF Approval - ๐Ÿ’ป Dencun Upgrade (EIP-4844) - โ›๏ธ Bitcoin Halving - ๐Ÿ’ฐ Rising Stablecoin Market Cap - Potential market catalysts: - ๐ŸŽฎ Release of AAA Web3 games - ๐Ÿข Global companies entering crypto space - ๐Ÿฆ Traditional financial institutions' influx - ๐Ÿ‡บ๐Ÿ‡ธ US coinage - ๐Ÿ“ˆ Approval of Ethereum ETF - ๐Ÿ—ณ๏ธ Upcoming US presidential elections - Layergg's optimistic conclusion: - ๐ŸŽ‰ Those who wait patiently will ultimately succeed.
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๐Ÿ“ˆ April: A Turning Point for Cryptocurrencies ๐Ÿ“ˆ April is crucial for cryptocurrency market โ›๏ธ Bitcoin halving expected to trigger bullish trends ๐Ÿ‚ Long-term bullish sentiment in the industry ๐Ÿ’น Multiple digital assets may see sustained buying pressure ๐Ÿ’ฐ Two cryptocurrencies likely to surpass $100 billion market cap: BNB and Solana $BNB ๐Ÿฆ Native token of Binance ๐Ÿ”ฅ Burning mechanism reducing supply ๐Ÿ“Š Positive Q1 metrics crucial for valuation ๐ŸŽฏ Currently at $87 billion market cap, aiming for $100 billion $SOL ๐Ÿ’ช Resilient despite network outages ๐Ÿ’ฑ Record-breaking DEX trading volume ๐Ÿ“ˆ Investor confidence strengthening ๐Ÿš€ Expected to reach $100 billion with 25% increase ๐Ÿ“ˆ Both depend on bullish market momentum โš ๏ธ Disclaimer: Not investment advice, speculative risk involved #MK_Crypto
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๐Ÿ‹ Bitcoin $BTC Whale Alert: A 10-Year Dormancy Ends! ๐Ÿš€ ๐Ÿ’ฐ A Bitcoin (BTC) address holding 1,701 BTC, worth $115.41 million, inactive since 2014, made a 50 BTC transaction on April 6. ๐Ÿ•ฐ๏ธ Legacy address, starting with '1,' identifiable as '1CLxmโ€ฆ1oeUZ,' spent 2,570 BTC in 2014. ๐Ÿ’ผ Received 4,272.29 BTC over its history, now valued at nearly $300 million. ๐Ÿ“ข Whale Alert on X (formerly Twitter) noted the activity; data retrieved from mempool.space and TradingView. ๐Ÿ› ๏ธ Foundry USA added the transaction to block height 837,959, with minimal fees. ๐Ÿ” Used a UTXO of 245.99 BTC to send 50 BTC to another legacy address '1PRREโ€ฆsGjRo.' ๐Ÿ”„ Received 195.98 BTC change in a modern SegWit address 'bc1qgโ€ฆfxrk7,' suggesting a wallet update. What Does It Mean for Bitcoin Investors? ๐Ÿ“‰ Investors should monitor this whale to avoid unexpected sell-offs. ๐Ÿณ Cryptocurrency whales can influence prices significantly. โ“ It's unclear if this is balance management or profit realization after 10 years. ๐Ÿ“‰ Dormant whale activity is a valuable market indicator, potentially signaling bearish sentiment. #BTCHalvingApril2024
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๐Ÿ’ฅ Bitcoin $BTC Price Collapse: Key Points and Reasons ๐Ÿ’” ๐Ÿ’ฐ Bitcoin's price plummeted to $66,013 on Bitstamp exchange. ๐Ÿ“ˆ Sixth consecutive month of gains, matching 2012's record. ๐Ÿ’ธ Currently trading at $66,761, down over 4%. Reasons for Crash: ๐Ÿ’ผ Bitcoin ETF outflows hit $302 million on Apr. 1. ๐Ÿ’ธ Overall ETF outflow totaled $85.7 million. ๐Ÿ’ฐ Bond traders pricing in fewer Federal Reserve rate cuts, reducing Bitcoin's appeal. ๐Ÿ“‰ Odds of June rate cut drop below 50%. ๐Ÿ“‰ Disappointing inflation data suggests postponing rate cuts. Crypto Liquidations: ๐Ÿ’ฅ Over $500 million liquidated in 24 hours. ๐Ÿ’ฅ Long positions dominate ($417 million). ๐Ÿ’ฅ 155,000 traders liquidated, largest order at $7.48 million.
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๐Ÿ“ˆ Fetch.ai ($FET ) has surged 203.01% in the last month, hitting $3.29, marking a new ATH. ๐Ÿ“Š Market cap rose by $1.87 billion to $2.75 billion, making it the 51st largest crypto asset. ๐Ÿ’น FET saw an 8.92% increase in 24 hours and a 24.67% gain in the previous seven days. ๐Ÿ—“๏ธ Yearly rally stands at an impressive 708.62%, from $0.4558 a year ago. ๐Ÿ”„ Speculation surrounds a potential token merger with SingularityNET ($AGIX ) and Ocean Protocol ($OCEAN ), boosting FET's rally. ๐Ÿ” Analysts predict FET's potential to challenge for a new ATH. โš ๏ธ Caution advised; investing in volatile markets like AI crypto requires thorough research. #MK_Crypto
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