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Lycra 01
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🔥Bad news!!! DTCC cuts Bitcoin ETF collateral by 100% 📢 Attention Crypto Investors: Changes are coming to collateral valuation starting April 30, 2024! 🔍 DTCC will no longer allocate collateral for ETFs involving Bitcoin or other cryptocurrencies. This means a 100% reduction in collateral value for such funds. But don't panic! 💡 According to analyst K.O. Kryptowaluty, this mainly affects inter-entity settlements within the Line of Credit system. Crypto ETFs for lending and collateral in brokerage activities remain largely unaffected, subject to individual brokers' risk tolerance. 💰 Despite this news, institutions like Goldman Sachs and BNY Mellon continue to show interest in Bitcoin ETFs, showcasing the growing importance of cryptocurrencies in the traditional financial sector. 📉 The market saw a slight negative impact with Bitcoin slipping 2.2% in the last 24 hours. However, stay informed and remember, fluctuations are part of the game! #CryptoNews #DTCC #BitcoinETFs! #Cryptocurrency #Investing 📈📉

🔥Bad news!!! DTCC cuts Bitcoin ETF collateral by 100%

📢 Attention Crypto Investors: Changes are coming to collateral valuation starting April 30, 2024!

🔍 DTCC will no longer allocate collateral for ETFs involving Bitcoin or other cryptocurrencies. This means a 100% reduction in collateral value for such funds. But don't panic!

💡 According to analyst K.O. Kryptowaluty, this mainly affects inter-entity settlements within the Line of Credit system. Crypto ETFs for lending and collateral in brokerage activities remain largely unaffected, subject to individual brokers' risk tolerance.

💰 Despite this news, institutions like Goldman Sachs and BNY Mellon continue to show interest in Bitcoin ETFs, showcasing the growing importance of cryptocurrencies in the traditional financial sector.

📉 The market saw a slight negative impact with Bitcoin slipping 2.2% in the last 24 hours. However, stay informed and remember, fluctuations are part of the game!

#CryptoNews #DTCC #BitcoinETFs! #Cryptocurrency #Investing 📈📉

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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A bad news A good news The bad news is that this time Bitcoin is expected to fall below 60,000 and move towards the next support level of 56,000 The good news is that Bitcoin fell below 60,000. This time, the altcoin did not plummet by more than 30% like on March 13. It may be because the altcoin has fallen too much recently. The altcoin seems to be unable to fall. At present, the currencies that are more resistant to falling are Rwa track ondo sol ecosystem jto meme sector pepe These are almost all leading currencies in the leading sector As for the others, there is no sign of a rebound for the time being #REZ
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Good morning ✅ As long as #Bitcoin doesn't drop below $55,000 I'm very confident that we have a chance for Bitcoin to rise above $80,000, what I don't want under any circumstances is to drop below $50,000, if that happens $74,000 is possible be the temporary top of this bull market. Altcoin season could be different from public expectations.
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People wey buy bitcoin for 74k$ with hope of sha we de go 100k$ go de wonder wetin de happen for market now Lmao 😂 Don’t follow influencers that don’t care about you! You no go hear!! Now check their influencers, all of them have gone mute abi?
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"The bull run is over, and it ended when Bitcoin reached $73,000. Now, it's likely to drop back to $35-40. Many people don't even realize what BlackRock did to those who got stuck at the top price of $73-60. BlackRock essentially cut off their legs, and it's game over." Note: I assume you're referring to BlackRock's involvement in the cryptocurrency market, possibly through their ETF products or other investment vehicles. However, it's difficult to understand the specifics of your statement. thanks ... and don't forget to appreciate
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Hi Guys, It's Big & Big #alert About $BTC Crash !!! Why is Bitcoin dropping and why are Ethereum, altcoins taking BTC’s lead? Bitcoin’s sell-offs follow the lackluster debut of the newly-listed spot ETFs in Hong Kong. Bitcoin [BTC] sank below $60,000 during U.S. trading hours Tuesday, extending a string of losses in what has been one of the worst months for the cryptocurrency market in recent memory. Bloody April The world’s largest digital asset was down nearly 5% in the 24-hour period, data from CoinMarketCap showed. It ended April at a 14.5% monthly discount. As of this writing, it was hovering over $58,000, down 16% from its all-time high (ATH) recorded in March. The slump rippled across the market, causing other coins to trade in the red. More than $36o million worth of positions were liquidated in the last 24 hours, with longs accounting for 85% of the total, AMBCrypto noted using Coinglass’ data. About $107 million in Bitcoin liquidations was observed in the 24-hour period. What is causing negativity? The sell-offs followed the lackluster debut of the newly-listed spot ETFs in Hong Kong. They recorded just about $11 million in trading volume on the first day, according to data from Hong Kong Stock Exchange. This was a fraction of what U.S.-based spot ETFs clocked in their debut in January. U.S. spot ETFs were not exactly having a great time either, as they saw net outflows of $161 million on Tuesday, the fifth straight day of outflows, AMBCrypto examined using SoSo Value data. Moreover, expectations of the U.S. Federal Reserve keeping the interest rates steady in the upcoming FOMC meeting in light of hotter-than-expected inflation data was also prompting traders to take out their capital from riskier investments. #BTC‬ #bitcoin #Write2Earrn #BTC_MARKET_UPDATE
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