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#Bitcoin Reclaims $72,650 Before #Halving Bitcoin regained $72,650 11 days before its halving. CoinMarketCap shows BTC up over 4% in 24 hours. Bitcoin rose from $64k in Q2 2024 after a rough start. BTC is trading in the green and valued just over $72k on CoinMarketCap, up over 4% in 24 hours. Bitcoin has 10 days and 22 hours till its April 20 halving event. Bitcoin halving is a major occurrence every four years. A pre-programmed event in the Bitcoin blockchain code cuts miners' block reward by 50%. Bitcoin automatically halves every 210,000 blocks. Miners get less BTC for confirming transactions and creating blocks to the network. The reward each block is 6.25 BTC as of April 8, 2024. The halving will lower it to 3.125 BTC each block. Bitcoin halvings have caused considerable market volatility and price changes. These occurrences generally precede Bitcoin bull runs. As miners get less BTC every block, their profitability may decline. This may cause miners to leave the network or process fewer transactions. Transaction costs rise Less miners completing transactions might reduce competition and raise user transaction prices. Price swings The Bitcoin halving is predicted, which may exacerbate price volatility in the weeks and months preceding up to and following it. Some observers think the halving might raise prices owing to shortage. Bitcoin's recent price swings from $64k to over $72k this month demonstrate its tremendous volatility before the halving event. Rising #BTC ETF interest pushes Bitcoin beyond $72k. Bitcoin's price rise over $72k and demand in Bitcoin ETFs reflect optimism about its halving. Santiment, an on-chain analytics startup, predicts that spot Bitcoin ETF traffic will stay strong until the Bitcoin halving event. Since the cryptocurrency hit its all-time high in mid-March, the volume of Bitcoin ETFs has not dropped, demonstrating its rising popularity. Citadel, Goldman Sachs, UBS, and Citigroup joined BlackRock's spot BTC ETF, IBIT, as Authorized Participants (APs). $BTC

#Altcoins : A Look Back at Patterns and Current Market Trends A well-known cryptocurrency trader and expert has lately made some audacious forecasts about the market's trajectory. According to Crypto Busy's in-depth research, there may soon be a surge in altcoins, or alternative cryptocurrencies, which might lead to substantial profits. He claims that alternative cryptocurrency prices have the potential to increase by a factor of 1,000. Crypto To back up his claims, Busy looks at what the Bitcoin market has done in the past, especially during bullish moments. It is worth mentioning that changes in Bitcoin's dominance have often coincided with altcoin value rises. If this trend continues, smart investors will have plenty of opportunity to diversify their holdings and benefit from altcoins as Bitcoin's value soars. Crypto Busy's analysis of market dynamics highlights how the cryptocurrency ecosystem is always changing. Bitcoin is still king, but its volatility may pave the way for altcoins to take center stage and accelerate market expansion. This dynamic environment, where smart choices may deliver considerable rewards, is shown to investors by the interaction between Bitcoin and altcoins. The expert stresses the significance of strategic investing methods due to the market's intrinsic volatility. In order to be ready to take advantage of future rallies, investors should keep an eye out for inexpensive cryptocurrencies while the market is down. This approach is in line with time-tested investing principles, which state that purchasing assets at a discount may result in substantial profits when the market recovers. The total value of all cryptocurrencies is $2.59 trillion at the moment. Crypto If the bitcoin market is poised for an altcoin boom, Busy's study provides useful information. Altcoins have the potential to drive future market development, according to historical patterns and market dynamics, even if the idea of 1,000 times profits seems optimistic. #BullorBear #SHIB #BNB $SHIB $BNB

#XRP makes a return to $0.60 as Ripple's Garlinghouse predicts crypto market value doubling. #Ripple CEO told CNBC the crypto market might treble in 2024. Bill Morgan, a Pro Ripple attorney, claimed the SEC's case against the payment business is inconsistent and lacks acceptable proof. On Monday, XRP consolidates and seeks recovery over $0.60. Ripple (XRP) price struggles to regain $0.60 after reaching it over the weekend after CEO Brad Garlinghouse told CNBC that the crypto market would stay positive this year. Daily digest: Ripple CEO optimistic about crypto On Sunday, Ripple CEO Brad Garlinghouse told CNBC that the cryptocurrency industry might reach $5 trillion in 2024. Garlinghouse attributed crypto market cap improvements to US Spot Bitcoin ETF and the Bitcoin halving event. Says Ripple executive: I've seen these trends come and go in our sector for years. Very hopeful. I believe macro developments like ETFs are driving institutional money for the first time. That increases demand and decreases supply. You can identify when supply decreases and demand rises without an economics degree. In summary judgment briefings, pro-Ripple attorney Bill Morgan found discrepancies between the regulator's reasoning and facts. Morgan said the SEC may not have enough information to prove that higher-discounted institutions' sales affected XRP pricing. The attorney calls it “allegation by speculation.” XRP seeks to break $0.60 technical level XRP rose roughly 5% from its April 4 low of $0.5623 to $0.5921 on Monday. If purchasing pressure persists, XRP might close over $0.60 daily, a psychological threshold. After breaking past $0.60, XRP's uptrend is projected to target the Fair Value Gap (FVG) between $0.6185 and $0.6204. The cryptocurrency confronts resistance around $0.6147, the 50% Fibonacci retracement level for XRP's rise to its year-to-date top of $0.7440 on March 11. $XRP price recovery is supported by the Awesome Oscillator's green bars and the RSI's rise to 50 (45.91 at writing). #BullorBear

The #Bitcoin Recovery Rally: Achieving a Breakthrough Below This Level Is Crucial For Building #Bullish Momentum Since entering a consolidation period below the $69,000 level, the leading cryptocurrency, Bitcoin (BTC), has failed to make a substantial upward move during the previous week. This lack of volatility is different from Bitcoin's typical swings, which has some wondering whether the market is entering a stagnation period. Crypto enthusiasts have been watching Bitcoin's price action intently, particularly as it nears key resistance levels. The present trajectory of Bitcoin is illuminated by the observations of renowned crypto expert Captain Faibik. Jelle, another crypto expert, agrees and stresses that investors should be patient, especially in light of the approaching Bitcoin halving event. The Halving is an important pre-programmed event that happens about every four years on the Bitcoin network. It lowers the reward for mining new Bitcoin blocks. The cryptocurrency community is becoming more excited about the prospect of a rebound beyond the $70,000 level, even if Bitcoin has recently seen consolidation. This is particularly true given that the halving is now less than 20 days away. This is due to the fact that cutting the production of new Bitcoins by half reduces supply, which in turn increases demand and encourages speculative purchasing. Assumption of a Bitcoin Bull Run According to Jelle's research, Bitcoin's price moves have a pattern; prior all-time highs were often followed by consolidation and uncertainty. Jelle, pointing to optimistic signs like the pennant formation and solid support levels, forecasts a breakout in the next weeks, giving investors optimism that Bitcoin's price will continue to rise. Although #BTC did not instantly surpass $69,000, it seems to be establishing a new higher low at this point. At the same time, data from Glassnode shows that short-term holders have been adding more Bitcoin since December 2023, suggesting that retail traders are benefiting from the present market climate. #BullorBear $BTC

Predictions from Santiment Indicate #Bitcoin #ETF Trades Will Remain Strong Prior to Halving It is anticipated that spot Bitcoin ETF flows would remain elevated until the forthcoming Bitcoin halving event. High ETF activity is expected to persist until the Bitcoin halving, according to on-chain analytics company Santiment. The on-chain analytics company Santiment has predicted that spot Bitcoin ETF flows would be rather strong right up to the next Bitcoin halving. After Bitcoin hit a new all-time high in the middle of March, Santiment noted that the volume of Bitcoin ETF has not decreased. Since individual trading started to surge in late February, the business has also seen that trader activity has remained much higher. It is anticipated that the Bitcoin halving event will take place in around two weeks, and Santiment further anticipates that the strong ETF activity will likely persist until then. As is customary every four years, April 20 is when Bitcoin is expected to undergo its halving event. Daily volume among the top seven ETFs has been $3.19 billion, according to Santiment. It remains to be seen, however, if the number of ETFs and on-chain transactions immediately follows. Spot Bitcoin ETF activity almost tripled from February to March, reaching $111 billion. This exemplifies the unwavering fascination with these items. Towards the week's close, inflows into Bitcoin ETFs increased, with a net inflow of almost $200 million on April 4 and 5. On April 1, there was an outflow of $85.7 million, which followed a couple of days of poor activity earlier in the week. Since converting to a spot ETF in mid-January, Grayscale has consistently pulled down the aggregate data with daily withdrawals, despite the large inflow. The firm's GBTC fund lost $738 million last week, for a grand total of 294,313 BTC lost from the product. The crypto sector continues to inspire optimism from Ripple CEO Brad Garlinghouse. He forecasted that spot ETFs and the Bitcoin halving would lead to a doubling of the overall market value of cryptocurrencies this year. $BTC

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