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๐ŸŽ‰๐Ÿš€ Bitcoin (BTC) enthusiasts, buckle up! Q1 2024 has been a blast for our favorite digital asset, marking its third-best quarter in the past three years, says a report from Kaiko. ๐Ÿ“ˆ BTC recorded a whopping $1.4 trillion in trading volumes between January and March 2024, a 107% increase from the $674 billion in Q4 2023. ๐ŸŽฏ The last time we saw similar volumes was in Q1 and Q2 2021, with $1.93 trillion and $2.16 trillion traded respectively. This surge in trading volumes signals stronger market engagement and improved market participation. ๐ŸŽŠ Major exchanges like OKX and Bybit saw significant growth, while smaller Asian platforms like Bithumb, Korbit, Bitflyer, and Zaif recorded the highest percentage increase in trading volumes. ๐ŸŒ The star of the show? The launch of spot Bitcoin ETFs in the United States. ๐Ÿ‡บ๐Ÿ‡ธ High demand for these ETFs positively impacted BTC's price, causing it to close the quarter with a 64% gain. ๐Ÿ“Š Meanwhile, the 60-day correlation between BTC and altcoins hit multi-year lows in Q1 2024. Kaiko attributes this to altcoins' competition for liquidity, while Bitcoin saw high inflows amid the launch of spot ETFs. ๐Ÿš€ So, here's to Bitcoin's continued success! ๐Ÿฅ‚๐ŸŽ‰

๐ŸŽ‰๐Ÿš€ Bitcoin (BTC) enthusiasts, buckle up! Q1 2024 has been a blast for our favorite digital asset, marking its third-best quarter in the past three years, says a report from Kaiko. ๐Ÿ“ˆ

BTC recorded a whopping $1.4 trillion in trading volumes between January and March 2024, a 107% increase from the $674 billion in Q4 2023. ๐ŸŽฏ The last time we saw similar volumes was in Q1 and Q2 2021, with $1.93 trillion and $2.16 trillion traded respectively.

This surge in trading volumes signals stronger market engagement and improved market participation. ๐ŸŽŠ Major exchanges like OKX and Bybit saw significant growth, while smaller Asian platforms like Bithumb, Korbit, Bitflyer, and Zaif recorded the highest percentage increase in trading volumes. ๐ŸŒ

The star of the show? The launch of spot Bitcoin ETFs in the United States. ๐Ÿ‡บ๐Ÿ‡ธ High demand for these ETFs positively impacted BTC's price, causing it to close the quarter with a 64% gain. ๐Ÿ“Š

Meanwhile, the 60-day correlation between BTC and altcoins hit multi-year lows in Q1 2024. Kaiko attributes this to altcoins' competition for liquidity, while Bitcoin saw high inflows amid the launch of spot ETFs. ๐Ÿš€

So, here's to Bitcoin's continued success! ๐Ÿฅ‚๐ŸŽ‰

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesorรญa financiera.ย Lee los TyC.
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๐Ÿš€๐Ÿ”ฅ Bitcoin is about to get a major upgrade! Blockchain developers are inching closer to launching rollups on Bitcoin, a move that could unlock "unlimited smart contract functionality" and scaling capabilities previously unheard of in the Bitcoin network. ๐Ÿคฏ On Friday, BitcoinOS released the whitepaper for "BitSNARK and Grail", a system designed to bridge Bitcoin to layer 2 rollups and blockchains in a trust-minimized way. ๐ŸŒ‰ This new rollup system is an evolution of BitVM, a Bitcoin-based computing paradigm discovered by Robin Linus last year. BitVM's most notable application was its ability to verify "Succinct Non-Interactive Arguments of Knowledge" (SNARKs) on Bitcoin. This opened the door for Bitcoin Rollup Bridges and scaling technologies similar to those on Ethereum. ๐Ÿš€ BitSNARK takes BitVM a step further by using a software library optimized for this purpose, enabling bridges that are cheap, efficient, and secure enough for practical use. ๐Ÿ›ก๏ธ Edan Yago, one of the paper's authors, hailed this as a solution to Bitcoin's trilemma of scale, computational expressivity, and decentralization. The best part? No softfork, upgrades, or new op-codes are required. ๐Ÿ’ช The Grail system uses BitSNARK to generate SNARK proofs for Bitcoin and rollup transactions, allowing secure asset transfers between L1 and L2 rollups. The Grail bridge requires at least two operators to function, but theoretically, any number could be supported. ๐Ÿ”„ Yago revealed that the BitcoinOS team is currently aiming to design a bridge with over 100 operators. "The trust assumption works unless all parties collude," he added. "That's what makes it so strong." ๐Ÿ’Ž This news comes hot on the heels of the launch of Runes, a Bitcoin token protocol that's driven up activity and fees substantially on Bitcoin's base layer over the past week. ๐ŸŽ‰ Stay tuned, Bitcoin enthusiasts! The future of Bitcoin looks brighter than ever! ๐ŸŒž๐Ÿš€
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๐Ÿ“ขBig news in the crypto world! Binance founder Changpeng Zhao (CZ) has issued a heartfelt apology for his past oversights and is asking for a second chance. ๐Ÿ™ CZ is due for sentencing on April 30th following his settlement of charges with the U.S. Department of Justice (DOJ) last November. Despite waiving his right to appeal any sentence up to 18 months, the DOJ is pushing for a 36-month sentence. ๐Ÿ˜ฎ In a letter to Judge Richard A. Jones, CZ acknowledged the need for earlier compliance changes at Binance and highlighted the strict controls implemented during his tenure. He also expressed his desire to resolve matters and pursue new opportunities. ๐Ÿ“ Meanwhile, Binance co-founder He Yi has defended CZ, stating that his biggest mistake was ignorance. As a startup with no legal expertise, the founding team, including CZ, faced challenges. However, CZ won over users with his fairness, integrity, and strong sense of responsibility. ๐Ÿ‘ CZ's plea for leniency includes mentions of his family members, including his wife and two children attending U.S. institutions, and his sister, a former Managing Director at Morgan Stanley. Binance settled charges for U.S. anti-money-laundering and sanctions violations last year, resulting in penalties of $4.3 billion and oversight from authorities. ๐Ÿ›๏ธ Stay tuned for more updates on this developing story! ๐Ÿš€
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๐Ÿš€Bitcoin enthusiasts, buckle up! ๐Ÿš€ Crypto industry insiders predict a rocky road ahead for Ethereum (ETH) spot ETFs, with a likely denial of public trading approval by regulators next month. ๐Ÿ˜ฑ If this happens, U.S. investors might have to wait until December 2024 or later for such a product, leaving Bitcoin (BTC) miles ahead in the Wall Street adoption race. ๐Ÿ Why the pessimism around Ethereum ETFs? ๐Ÿค” Insiders tell Reuters that the Securities and Exchange Commission (SEC) has been less than forthcoming in discussions with potential Ethereum ETF issuers. Unlike the cooperative approach taken with Bitcoin spot ETF approvals earlier this year, the SEC has been tight-lipped on the specifics of proposed Ethereum products. ๐Ÿค ETF issuers argue that the October listing of Ethereum futures ETFs sets a precedent for ETH-based investment products in public markets. This echoes Grayscale's successful lawsuit against the SEC over Bitcoin spot ETF denials in 2022. However, the SEC isn't biting, suggesting a likely denial of current applications. ๐Ÿ˜ž Will there be another lawsuit? ๐Ÿ›๏ธ Some speculate that ether ETFs might only see the light of day after a lawsuit. But Grayscale may not be keen to fund another legal battle, given the potentially smaller financial reward. ๐Ÿคทโ€โ™‚๏ธ The SEC chairman's personal criticism of crypto, coupled with the agency's potential justification of needing more time to review the product, adds to the uncertainty. ๐Ÿ˜“ So, while the future of Ethereum ETFs remains hazy, Bitcoin continues to shine bright. ๐ŸŒž Stay tuned for more updates! ๐Ÿ“ก
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๐ŸŽ‰Hey there, Bitcoin enthusiasts! ๐ŸŽ‰ Buckle up because we're diving into the wild ride that is BTC's market performance. ๐ŸŽข Since the bear market in 2022, BTC has seen some serious pullbacks, with losses up to 23% at times. ๐Ÿ˜ฑ But don't fret! These dips could actually be golden opportunities for investors. ๐ŸŒˆ๐Ÿ’ฐ According to crypto trader and analyst Rekt Capital, buying BTC after a roughly 20% pullback could lead to substantial gains as the crypto asset bounces back. ๐Ÿš€ 2022 was a rough year for BTC, with the collapse of the TerraLuna ecosystem and the crash of FTX causing BTC to drop to a low not seen since November 2020. ๐Ÿ˜” But every cloud has a silver lining, right? BTC rallied for the rest of 2023 and into mid-January 2024, thanks to the excitement around the approval of the first wave of spot Bitcoin ETFs in the US. ๐ŸŽ‰๐Ÿ‡บ๐Ÿ‡ธ But hold onto your hats, because 2024 brought more turbulence. BTC saw a 21% plunge in January after the approval of the spot Bitcoin ETFs, and another 18% drop in March. ๐Ÿ˜ฒ Rekt Capital suggests that the closer BTC gets to a 20% fall, the better the buying opportunity. So keep your eyes peeled for the next dip, because it could be your ticket to some serious returns! ๐ŸŽŸ๏ธ๐Ÿ’ฐ Remember, the crypto market is a rollercoaster, but with the right strategy, you could be laughing all the way to the bank! ๐ŸŽข๐Ÿ’ต
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๐Ÿš€๐Ÿš€ Bitcoin enthusiasts, brace yourselves! BTC's price rally has hit a pause at the $75K mark, and we're all on the edge of our seats, waiting for the next big move. ๐Ÿ“ˆ๐Ÿ“‰ On the daily chart, BTC is playing coy, bouncing between $60K and $70K, with the Relative Strength Index hanging around the 50% mark. It's like a suspenseful movie, isn't it? ๐Ÿ˜ฒ๐Ÿฟ If BTC decides to take a nosedive back to the $60K support zone, we might see a dramatic plunge to the $52K area. But hey, if it climbs above $70K, we're looking at a new all-time high! ๐ŸŽข๐Ÿ’ฐ The 4-hour chart is showing some choppy action, with BTC forming a large descending channel pattern since March. The RSI is below 50% here, hinting at a bearish momentum. But remember, a bullish move often follows a descending channel pattern, so keep your eyes peeled! ๐Ÿ‘€๐Ÿป๐Ÿ‚ Now, who's been putting the brakes on our bull market? ๐Ÿค” The Bitcoin Exchange Whale Ratio chart might have some answers. It shows a significant rise in the whale ratio metric over the past few weeks. This suggests that the whales are depositing large amounts to exchanges, potentially causing the selling pressure that's stalling BTC's rally. ๐Ÿณ๐Ÿ’ผ So, strap in, folks! BTC's next big move is just around the corner. Let's see where this rollercoaster takes us next! ๐ŸŽข๐Ÿš€๐ŸŒ•
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