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Brytomotive
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Can Genesis Repay Creditors Faster with $2.1 Billion Bitcoin Bought from GBTC Sale? 😬 In a surprising move, bankrupt crypto lender #Genesis dumped $2.1 billion worth of Grayscale Bitcoin Trust shares (GBTC) to buy actual Bitcoin. This fire sale comes after Genesis got the green light to sell the #GBTC in February, when the price was way lower. With Bitcoin back on the rise, is this a genius strategy by Genesis to repay creditors faster, or a risky gamble? Crypto exchange #Coinbase says the market shouldn't panic, but will their assurances hold true? #Binance #crypto2024

Can Genesis Repay Creditors Faster with $2.1 Billion Bitcoin Bought from GBTC Sale? 😬

In a surprising move, bankrupt crypto lender #Genesis dumped $2.1 billion worth of Grayscale Bitcoin Trust shares (GBTC) to buy actual Bitcoin.

This fire sale comes after Genesis got the green light to sell the #GBTC in February, when the price was way lower. With Bitcoin back on the rise, is this a genius strategy by Genesis to repay creditors faster, or a risky gamble?

Crypto exchange #Coinbase says the market shouldn't panic, but will their assurances hold true?

#Binance

#crypto2024

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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Crypto Crash or Correction? 😱 Crypto market tumbles 8.7% in 24 hours as tensions between Iran and Israel trigger #risk aversion. Bitcoin falls below $65,000 with nearly $2.5 billion in #liquidations , mostly from leveraged long positions. Analysts see this as a potential buying opportunity after a "normal" correction within a bullish bull flag pattern. The market could #rebound to $2.5 trillion by month's end, with further gains if it breaks the flag's resistance. #Binance #crypto2024
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Can Grayscale Recover? 😬 Grayscale's Bitcoin ETF (#GBTC ) is losing investors' money fast! Over $16.2 billion has flowed out since January, with daily outflows ranging from $75 million to $300 million. This is despite a recent surge in #Bitcoin ETFs overall. The culprit? Likely GBTC's high 1.5% management fee compared to competitors' 0.3% average. Grayscale CEO remains #optimistic , but outflows continue. Can they adapt or will they lose their lead? #Binance #crypto2024
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Cardano (ADA) in Trouble? 😱 Uh oh, is #Cardano (ADA) sinking? The price took a tumble on April 10th, but that's not all - Cardano's activity is dropping too! Fewer developers are committing code, trading #volume is down 80%, and locked funds are vanishing. Can ADA defy the odds and bounce back, or is this the start of a deeper #slide ? #Binance #crypto2024
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Bitcoin Bull Run Ending? 😱 Is Bitcoin headed for a home run or a strikeout? A key metric screams "top of the inning" for Bitcoin's bull run, but there's a twist. The culprit? #VDD multiple, a stat historically linked to price peaks, is flashing red. But unlike last year's rally, Bitcoin hasn't broken its all-time high, leaving analysts scratching their heads. Enter the hopeful counterpoint: #RSI , a classic indicator, is hinting at a potential rebound. Divided analysts like TXMC fret over VDD, while others like Jelle see a lifeline in RSI. With Bitcoin's block reward #halving on the horizon, the game just got even more interesting. Will Bitcoin hit a homer or swing and miss? Only time will tell. #Binance #crypto2024
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Can Bitcoin ETFs Push Price to $150,000 After Halving? 🤩 Buckle up, Bitcoin bulls! Analysts predict a 160% surge to $150,000 after the halving, fueled by ETF buying (4.28% of supply!) and reduced coin creation. But will euphoria fizzle due to pre-halving buying or the Fed's tighter grip? The next few months are crucial for Bitcoin’s wild ride! #Binance #crypto2024
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