Global Bitcoin ETFs Hold Over 1 Million BTC: Data suggests t | Sarangan on Binance Square

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Global Bitcoin ETFs Hold Over 1 Million BTC: Data suggests that globally, Bitcoin ETFs now hold over 1 million Bitcoins. The US leads the pack with Grayscale, BlackRock, and Fidelity being the top holders. (Binance Square)$BTC 

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Why Is The Crypto Market Down In 2024? The crypto market has been volatile in 2024, with a downward trend following its highs in March. Here are some of the contributing factors: Economic Uncertainty: Investors are wary due to concerns about inflation and interest rates in the US. The Federal Reserve's stance on rate cuts is impacting crypto prices. Mt. Gox Bitcoin Release: The transfer of a large amount of Bitcoin from the collapsed Mt. Gox exchange has spooked the market with fears of a potential sell-off. Underperforming Events: Events like the Dencun upgrade and Bitcoin halving that were expected to boost prices fell short of expectations.Waning ETF Interest: The initial excitement surrounding spot Bitcoin ETFs seems to be fading, with inflows declining. It's important to remember that the crypto market is known for its volatility. While there are some challenges in 2024, some analysts still believe in its potential.

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Top 7 books of 2024 about crypto you may never miss to read (7/7) Cryptocurrencies: The Innovative Investor's Guide by Paul Vigna and Michael J. de la Merced: This 2021 book provides an introduction to the world of cryptocurrencies, explaining how they work, the risks and rewards of investing in them, and the future of this new asset class.

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Top 7 books of 2024 about crypto you may never miss to read (6/7) The Trust Machine by Katie Moussouris: This 2022 book examines the potential of blockchain technology to create more trustworthy and transparent systems, with a focus on its applications in areas such as voting and identity management.

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Top 7 books of 2024 about crypto you may never miss to read (5/7) Blockchain Revolution by Don Tapscott and Alex Tapscott: This 2016 book explores the potential of blockchain technology to transform a wide range of industries, from finance and healthcare to government and supply chain management.

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Top 7 books of 2024 about crypto you may never miss to read (4/7) Bold: Mastering the Hype Cycle of the Future Economy by Alexander Beulow: This 2023 book examines the boom-and-bust cycles that are common in the cryptocurrency market and provides guidance on how to invest in cryptocurrencies wisely.

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