🆕24h crypto market news

⏰Friday, April 12 2024

♨️Overview: Yesterday marked the day Grayscale sold the least BTC (252 BTC) but today they continued to sell 1.77K BTC. At the current selling rate, GBTC is estimated to run out of resources around July. Grayscale CEO hinted that the selling cycle is about to end, close to the upcoming halving. Bitcoin sideway has a small amplitude, Altcoin has not had a recovery wave, the market situation is quite boring today.

♨️Focus: PPI and core PPI Update (wholesale inflation index):

◾️PPI: This period 2.1% I Expectation 2.2% I Previous period 1.6%

◾️Core PPI: This period 2.4% I Expectation 2.3% I Previous period 2.1%

🍁Strongest increase/decrease:

- $TAO (+ 12%)  - $CKB  (- 11%)

- $TON (+ 8%) - $UNI (- 9%)

- $BGB (+ 6%) - $FTM (- 7%)

🍁Hot News:

- Kraken delist Monero in Ireland and Belgium👉TheBlock

- DePIN Uplink platform raises $10M led by Framework Ventures👉CoinDesk

- Binance announced investment in Bitcoin restaking platform BounceBit👉GemCapital