#BinanceLaunchpool #bitcoinhalving #Token2049 #write2earn🌐💹 #Megadrop A recent Bloomberg News article suggests that optimistic Bitcoin traders are dialing back their bets on the leading cryptocurrency as two significant driving forces – robust inflows into U.S. spot Bitcoin ETFs and the hype surrounding the Bitcoin halving event – lose steam.
As reported by Bloomberg, the Bitcoin funding rate, which represents the premium traders pay to open new long positions in the perpetual futures market, dipped into negative territory on April 19, marking the first such occurrence since October 2023. This shift implies a cooling of demand for Bitcoin following a period of all-time highs propelled by the launch of ten US-listed spot Bitcoin ETFs on January 11.
Source: Coinalyze

Bloomberg says that Bitcoin hit a peak of $73,798 in March but has since experienced a nearly 13% correction, trading at $64,214 as of Thursday morning in London.
Source: TradingView

The waning enthusiasm for Bitcoin among buyers is partly attributed to increasing risk aversion stemming from tensions in the Middle East and expected delays in Federal Reserve rate cuts, according to the article. Julio Moreno, Head of Research at CryptoQuant, is quoted saying that the negative funding rate indicates a decreased desire among traders to open long positions.
Bloomberg also cites Vetle Lunde, an analyst at K33 Research, who pointed out that the current 11-day streak of neutral-to-below-neutral funding rates is uncommon, as previous dips were quickly followed by an influx of leveraged bets. Lunde suggests that this prolonged period of discounted perpetual futures could signal further price consolidation.

The article highlights that the decrease in the Bitcoin funding rate coincides with a decline in daily inflows into the US-based spot Bitcoin ETFs. Bloomberg’s data shows that these ETFs have attracted a net inflow of $170 million so far this month, a significant drop compared to the $4 billion they garnered during the same number of trading days in March.

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$XRP AI predicts XRP price for May 1, 2024
Trending
As a consequence of regulatory pressure with the ongoing legal dispute between the Securities and Exchange Commission (SEC) and Ripple Labs, XRP was unable to capitalize on the 2024 cryptocurrency market rally, failing to achieve meaningful growth regardless of numerous breakout attempts. 
As of April 18, XRP price today hovers around $0.494, up by approximately 0.47% over the past 24 hours. 
However, this marginal gain is offset by the fact that the token has lost a considerable amount from of value from its market cap over the last seven days falling from above $33 billion to below $28 billion as its price decreased by 19.01% in the last week.
XRP 7-day price chart. Source: Finbold
This recent downturn has pushed the token’s market capitalization to $27.270 billion, at the time of publication.
Meanwhile, the cryptocurrency expert, known as CoinsKid, expressed a bearish view around XRP on April 17. #bitcoinhalving #Megadrop #Token2049 #write2earn🌐💹 #XPR

#write2earn🌐💹 #bitcoinhalving #Megadrop #Token2049 #erite2earIs the Bitcoin Halving Already Priced In? JPMorgan Expects Bitcoin to Tank After the Upcoming Event

On April 20, or when a Bitcoin miner mines block number 840,000, the amount of Bitcoin (BTC) entering into circulation will be reduced by half from about 900 a day to a mere 450.
Institutional investors’ strong demand for purchasing the new spot Bitcoin exchange-traded funds (ETFs) and BTC’s history of displaying a parabolic uptrend after supply-halving events are the reasons why investors highly anticipate this week’s event.
However, analysts from JPMorgan have suggested that the quadrennial halving is already priced in. As such, they expect the Bitcoin price to see a massive dump after the event instead of pumping.
Bitcoin Halving Rally Priced In
JPMorgan sees a Bitcoin downturn after the incoming halving as the event is likely priced in.

#Megadrop #bitcoinhalving #BullorBear #wirte2Earn Bitcoin suddenly surged to $65k, after falling to $59k just a few hours before. Strong price fluctuations occurred in the context of just a few hours left until the Halving event. BTC price has dropped below the key $60k level. This follows reports of an explosion that occurred near Isfahan, close to the Iranian city’s airport. The reports originated from FARS, a semi-official news agency in the country, citing local sources.

However, Spectator Index has now reported that a senior Iranian official said there are no immediate plans to retaliate. The market received this news positively, with Bitcoin price skyrocketing to $65k, marking an 8% recovery from the previous low.

BREAKING: Iranian official tells Reuters there are no plans for retaliating against Israeli strike

According to CryptoQuant’s latest analysis, Bitcoin miners’ reserves have dropped significantly, reaching their lowest level since April 2021. Such a trend, especially pronounced since November, often depicts selling pressure increase in crypto assets.

Another “worrying trend” is that active addresses have not kept pace with Bitcoin price increases this month. At the same time, the crypto analytics platform also observed an increase in returns among short-term Bitcoin holders, mirroring the pattern witnessed during previous market peaks.

This wave of profit realization could indicate a key turning point for its price trajectory. 2024 saw retail investors rush to discover Bitcoin ETFs in large numbers, which caused a surge that pushed the price above $74,000.

However, the subsequent downturn resulted in weekly losses of more than 15% and hundreds of millions of dollars in liquidation, leaving investors concerned. However, the upcoming wave of retail investors could align with the halving event, potentially sparking an even more significant rally for Bitcoin. More than 93% of Bitcoin has been mined, marking a major milestone as the leading crypto asset anticipates its fourth halving event, which is expected to be just a month away.

According to the latest updates, Bitcoin Exchange-Traded Funds (ETFs) experienced a net withdrawal of $59.3 million on April 16th, marking the third consecutive day of negative capital flows for these funds. Among these, BlackRock’s iShares Bitcoin ETF (IBIT) managed to attract only $25.8 million, a modest amount compared to expectations.

Meanwhile, Grayscale’s GBTC saw an outflow of $79 million, and Ark’s Bitcoin ETF also experienced withdrawals, with $12.9 million leaving the fund. These movements occurred in a context where Bitcoin prices remained below the $64,000 mark, as the cryptocurrency market struggled to gather momentum just three days before the much-anticipated halving event.

Although capital outflows from IBIT are slowing, Eric Balchunas, a senior ETF analyst at Bloomberg, predicts that this fund is likely to surpass GBTC in total assets by the end of the month. Currently, GBTC has dropped to just over $2 billion, while BlackRock’s Bitcoin ETF continues to attract investment. However, Balchunas also highlighted that an “odd rally” in Bitcoin could delay this shift.#bitcoinhalving #BinanceLaunchpool #BullorBear #Memecoins #write2earn🌐💹

.Bitcoin has continued to decline over the past 24 hours. However, an analyst suggests that this is a normal occurrence, similar to previous Halving cycles in history.

Bitcoin is currently trading at $63,500, just days before the upcoming important Halving event. As the fourth Bitcoin Halving approaches, Lady of Crypto, a cryptocurrency market analysis and trading expert, takes a look at the predictions regarding the upcoming bull cycle.

She provided in-depth comments on Bitcoin’s recent price drop as well as this month’s upcoming Halving event. In her view, there have been speculations that Bitcoin will soon break its all-time high and continue to climb.

The Bitcoin halving is only a few days away!

BTC and alts are down bad, and you've been lied to 👀

Is it time to panic? Nahhh.

— Lady of Crypto (@LadyofCrypto1) April 14, 2024

Is a bullish cycle imminent?
However, there are misconceptions that a bullish cycle could happen soon. Lady of Crypto has disputed these claims, pointing out that there has been widespread disinformation and that the community has been misled, while the current increase is just an indication of normal growth usually rather than a major bull run.

As the halving day approaches, she also noted that Bitcoin and altcoins are both experiencing a significant price drop. However, according to her, it is not the time to panic. Recalling pre-halving drops in 2016 and 2020, when Bitcoin dropped 30% and 20% right before the event, she emphasized that the current drop, 17% for Bitcoin and 29% for altcoins, still within the framework of a typical pre-halving price drop and not an unexpected event.

She compared the COVID decline – when Bitcoin fell 58% and altcoins fell 68% – to show that the current decline is no longer too worrying. Lady of Crypto also clarified that the introduction of Bitcoin spot exchange-traded funds (ETFs) was a major factor in Bitcoin soon breaking previous records, emphasizing that crowd participation is still gradually increasing.#BinanceLaunchpool #bitcoinhalving #BullorBear #write2earn🌐💹

Crypto Market Recap of Last Week

In the second week of April, the cryptocurrency market witnessed significant developments. Bitcoin, the leading cryptocurrency, experienced a sharp decline compared to the previous week. The price of Bitcoin plummeted from $72,500 to $61,800, representing a decrease of approximately 15% from its peak.

The primary reason for this decline is believed to be the impact of macroeconomic factors on the financial markets. Analysts suggest that political, economic, and geopolitical developments at this time have raised concerns among investors, leading them to withdraw capital from risky assets such as cryptocurrencies.

However, there were some positive signs as the price of Bitcoin later recovered to around $65,500. Although Bitcoin only experienced a 15% decline from its peak, many altcoins lost up to half of their value from their highs.

The significant decline in the value of altcoins has left many investors puzzled and forced to liquidate assets. This is a challenging period for the cryptocurrency market, but it also presents an opportunity for investors to adjust their investment portfolios and seek new opportunities in the future.
#BinanceLaunchpool #bitcoinhalving #BullorBear #write2earn🌐💹 #BTCHalvingApril2024 $BTC

Bitcoin’s Price Drop, Cryptocurrency Market into a “Bear Market”
According to data from CoinMarketCap, the world's largest cryptocurrency has dropped from $71,000 to below $66,000.

Bitcoin is currently trading around the $67,600. The decline in Bitcoin’s price has dragged the entire cryptocurrency market into a “bear market”. Other major cryptocurrencies such as Ethereum, Solana, Avalanche, and Arbitrum have also seen declines of 10-30%.

Many token have also seen declines of 10-30%.
In recent weeks, Bitcoin’s price has experienced significant volatility. Many experts believe that this could be attributed to investor sentiment ahead of the halving as well as global economic uncertainties.

In a recent post on the social media platform X, cryptocurrency analyst Rekt Capital suggested that Bitcoin is entering a ‘danger zone’ ahead of the halving phase. Historically, Bitcoin’s price has undergone sharp corrections in the 14-28 days leading up to the halving event.

#BTCHalvingApril2024 #BinanceLaunchpool #write2earn🌐💹 #BullorBear

Bitcoin price has plummeted in the last 24 hours, from $68,000 to a current low of $60,000, following escalating conflict between Iran and Israel

Bitcoin has witnessed a significant decline, falling to the $60,000 mark, amid escalating concerns about conflict in the Middle East after Iran launched a drone against Israel. Before this incident took place, the price of Bitcoin stood at $68,000.

The entire cryptocurrency market was hit hard, down about 10%, and the total market capitalization retreated to $2.38 trillion. With traditional financial markets offline over the weekend, the specific impact of this attack on common asset classes remains unclear.

Besides, many people believe that the decline in Bitcoin’s value is not simply due to the military move in Israel. Other factors including options expiration, historical Bitcoin halvings, macroeconomic fluctuations, and technical analysis chart weaknesses also contribute to this volatility.#bitcoinhalving #BullorBear #cpi #write2earn🌐💹

SHIB Burns Soar 48,554% As Shytoshi Kusama Makes Festive Statement
Trending
According to recent data shared by the Shibburn team, within the past 24 hours, the SHIB army has transferred a massive amount of meme coins to “inferno” wallets, burning those SHIB without a chance of recovery.
In the meantime, the SHIB price has managed to recover after yesterday’s plunge, and the mysterious SHIB lead, Shytoshi Kusama, has published a festive tweet.
SHIB burns jump to flabbergasting high
The above-mentioned data source has reported that since yesterday morning, the loyal SHIB community, which includes both enthusiastic individuals and legal entities, has transferred 87,760,994 SHIB to unspendable blockchain wallets.
These burns have propelled the overall SHIB burn rate to a smashing 48,554.74% increase. There have been only two burn transactions so far, and both are impressive as they carried 61,908,927 SHIB and then 25,852,066 SHIB meme coins to dead-end addresses.
#write2earn🌐💹 #BinanceLaunchpool #bitcoinhalving #BullorBear #Memecoins

##BinanceLaunchpool #bitcoinhalving #BullorBear #writeDespite the recent price increase, market sentiment around BTC has shifted towards bearishness. If a price correction occurs, BTC could potentially drop sharply to $63,000.

Bitcoin (BTC) price is once again surging, surpassing the $70k threshold. However, in the short term there may be a downward adjustment as the price of this cryptocurrency is fluctuating in a parallel price channel.

Let’s analyze the situation of BTC in more detail to forecast developments this week.

Bitcoin struggling at $71K
Bitcoin is currently aiming for a price of $71k. According to CoinMarketCap, over the past week, BTC has recorded an impressive growth of more than 6%, and in the past 24 hours alone, the price has increased by 2.4%.

This bullish momentum has helped Bitcoin remain stable above the key $70k mark. At the moment, Bitcoin is trading at $70,768.46 with a total market capitalization of over $1.39 trillion. However, investors need to be cautious and not rush to rejoice because there is a possibility that the price will soon adjust.
#write2earn🌐💹 #bitcoinhalving

BinanceLaunchpool is having another project named #OMNICOIN . most of you may already know that, I'm writing for those who don't know yet.
stake your FDUSD to get OMNI tokens. no need to stake your BNB because you will get OMNI reward against BNB even if you don't stake BNB in Launchpool.
#BinanceLaunchpool #cpi #bitcoinhalving #BullorBear #Memecoins

Binance has announced its 52nd Launchpool project as Omni Network. So, what is Omni Network? Is OMNI Coin worth investing in? Let's find out!
Omni Network is a rollup layer integrated into the Ethereum platform, enabling developers to build unified applications across all Ethereum’s scaling solutions. It operates on a new blockchain architecture, supporting sub-second transaction finality, with security ensured through restaking on Ethereum.
The rollup-oriented architecture of Ethereum has forced the network to scale through isolated execution environments. This fragmentation has fragmented liquidity, users, and developers, and diminished the network effects of Ethereum. Using Omni, developers can program across multiple Ethereum rollups as if they were working in a single state machine. Applications built with Omni’s EVM can automatically exist across all Ethereum rollups, allowing developers to integrate Ethereum’s entire liquidity and user base into their applications.

Recently, Binance announced Omni Network as their 52nd Launchpool project.#BinanceLaunchpool #bitcoinhalving #BullorBear #cpi