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Virgie Mcquade wSj4
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Crypto market rebounds as Bitcoin recovers from Iran-Israel tensions Over the past few days, the crypto market witnessed a significant downturn attributed to heightened tensions between Iran and Israel. Concerns regarding potential escalations in the Middle East unsettled financial markets, prompting investors to seek safer investment avenues. The crypto market also declined after the recent data have not been helpful, with inflation stalled well above the U.S. central bank's 2% target for the first quarter of the year. However, Bitcoin was last 2% higher at $65,466 in Monday's trading, after falling below $62,000 on Sunday. #BinanceLaunchpool #Latestcryptonews #bitcoinhalving $BTC

Crypto market rebounds as Bitcoin recovers from Iran-Israel tensions

Over the past few days, the crypto market witnessed a significant downturn attributed to heightened tensions between Iran and Israel. Concerns regarding potential escalations in the Middle East unsettled financial markets, prompting investors to seek safer investment avenues.

The crypto market also declined after the recent data have not been helpful, with inflation stalled well above the U.S. central bank's 2% target for the first quarter of the year.

However, Bitcoin was last 2% higher at $65,466 in Monday's trading, after falling below $62,000 on Sunday.

#BinanceLaunchpool #Latestcryptonews #bitcoinhalving $BTC

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Bitcoin (BTC) Spot ETF Flow Data and Market Trends Even though global tensions have eased, the net inflows into BTC spot ETFs on Monday are essential for understanding the demand picture after the halving event. New data shows that $82.8 million left the Bitcoin market in the week ending April 12. This could have an immediate effect on the short-term demand for Bitcoin. Nikkei Asia reports that Hong Kong has taken a big step toward accepting cryptocurrencies as mainstream alternatives to make investments. The Hong Kong Securities and Futures Commission (SFC) has approved the first spot Bitcoin and Ethereum exchange-traded funds. Bosera Asset Management and China Asset Management, two well-known financial institutions, said that the ETFs could now be launched after getting regulatory permission. This is a major turning point for crypto investments in the area. #Developmentactivity #bitcoinhalving #BinanceLaunchpool $BTC $ETH
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Bitcoin (BTC) Fear and Greed Index Signals The Bitcoin Fear and Greed Index moved closer to the Extreme Greed zone as the halving event is approaching. This suggests that prices may potentially drop from where they are currently. On Monday, the Bitcoin Fear and Greed Index went up from 72 to 74, moving into the Extreme Greed zone. This could mean a drop, but BTC spot ETF market flow data will be very important for figuring out short-term trends. The change in the index shows how investors feel and can affect their decisions to buy or sell. At the time of writing, Bitcoin is trading at $66,392 versus the US dollar, with a market value of $1.307 billion. This latest 2.5% gain has been spurred by favorable news from Hong Kong, which saw the adoption of Asia’s first Bitcoin ETF. #bitcoinhalving #BinanceLaunchpool #UpdateAlert $BTC $ETH
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Geopolitics: Investors Find Relief from News of Pre-Warning The slight gain in Bitcoin price on Sunday partially reversed a 3.78% slide from Saturday, marking the end of a three-day losing streak. Investors were pleased to hear that Iran had warned Israel ahead of time of an upcoming attack. This brought hope that things would not get uglier in the region. Nevertheless, Bitcoin was unable to overcome its Saturday losses. There was further worry about the impending Bitcoin Halving event owing to the threat of growing hostilities in the Middle East. #UpdateAlert #bitcoinhalving $BTC
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Cryptocurrency Markets in Flux It was a non-boring weekend for the cryptocurrency market. Market sentiment swung sharply towards buying the dollar and selling stocks, gold, and cryptos on Friday afternoon. Also operating over the weekend, the crypto market accelerated its decline on Saturday, with capitalisation falling to $2.2 trillion (-18% from Monday’s peak) but began to recover on Sunday and has risen to $2.42 trillion (-7% in seven days) at the time of writing. CryptoQuant said the current cryptocurrency market crash is necessary to reset traders’ unrealised profits to zero – usually a bottom signal in bull markets. MicroStrategy founder Michael Saylor emphasised that “chaos is good for bitcoin”. If spot bitcoin ETFs are launched in Hong Kong, demand from Chinese mainland investors could reach $25bn, Matrixport expects. According to Bloomberg, Hong Kong may approve ETFs based on the first cryptocurrency and Ethereum as early as 15 April. #UpdateAlert #CryptocurrencyAlert #bitcoinhalving $BTC
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