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🎉🚀 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. 📈 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. 🎯 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. 🎊 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. 🌏 The star of the show? The launch of spot Bitcoin ETFs in the United States. 🇺🇸 High demand for these ETFs positively impacted BTC's price, causing it to close the quarter with a 64% gain. 📊 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. 🚀 So, here's to Bitcoin's continued success! 🥂🎉

🎉🚀 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. 📈

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. 🎯 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. 🎊 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. 🌏

The star of the show? The launch of spot Bitcoin ETFs in the United States. 🇺🇸 High demand for these ETFs positively impacted BTC's price, causing it to close the quarter with a 64% gain. 📊

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. 🚀

So, here's to Bitcoin's continued success! 🥂🎉

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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🚀BTC Buzz🚀: Bitcoin took a slight dip to $65,000 on June 14, marking a 5% drop from last week. But don't fret, zoom out and you'll see BTC is still consolidating since March! 📈 Analyst James Check notes, "Bitcoin very rarely goes this quiet." The 30-day price range is a mere 8.3% apart. So, what's next? Either BTC becomes a stablecoin or volatility is just around the corner. 🎢 The Bitcoin sell-side risk ratio is low, hinting most profit and loss have been realized. The market needs a move to spark the next spending spree, says Check. The 'Choppiness Index' suggests the market is ready to trend weekly but needs a monthly rest. 🛌 Check's prediction: short-term volatility, but not necessarily a long-term trend continuation. The base case for Bitcoin remains 'chop-solidation' - small pumps and dumps shaking out impatient holders. 🎠 Analyst 'Rekt Capital' sees the struggle to break out as beneficial for the overall cycle, aligning the price with historical halving cycles for a "normal, usual bull run." 🐂 Bitcoiner Samson Mow predicts a huge candle is coming as "the BTC coil is super compressed now." 🕯️ Market analyst Jacob Canfield sees two scenarios: a sweep low to around $66,000 before a "strong reaction bounce" to $70,000, or a "deep capitulation wick" down to $60,000-$62,000. 📊 At present, BTC is 10% down from its mid-March high but remains range-bound with a lower boundary just below $60,000. So, is it the calm before the storm or a new stable era for Bitcoin? Stay tuned! 📻
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🎉Whoa! Hold onto your hats, BTC enthusiasts! 🎩 Michael Saylor's brainchild, MicroStrategy, has just upped the ante! 💰 Just a day after announcing a $500 million convertible senior note offering to buy more BTC, they've boosted their target to a whopping $700 million! 💸 This NASDAQ-listed business intelligence software firm has been on a BTC buying spree since August 2020, using various types of funding to accumulate more of the cryptocurrency. 📈 Their latest move? Offering convertible notes to fund their BTC purchases. 📝 This week, the company announced plans to offer $500 million aggregate principal amount of convertible senior notes due 2032. But wait, there's more! The very next day, they increased their target by 40% to $700 million! 🚀 The terms remain the same, with a 2.25% percentage and a due year of 2032. 📅 The company plans to use the net proceeds to "acquire additional bitcoin and for general corporate purposes." 🏦 According to SaylorTracker, MicroStrategy now owns 214,400 BTC (over 1% of bitcoin's total supply). Despite a slight dip from its all-time high in March, the company is sitting pretty on a massive unrealized profit of $6.6 billion. 💵 MicroStrategy's share prices, being heavily influenced by bitcoin's movements, have been on a rollercoaster ride. 🎢 They started 2024 just under $700, dipped to below $500, then soared to over $1,900 as BTC skyrocketed in March. 🚀 Although they've retraced a bit since their peak, they're still up 120% YTD, closing Friday at $1,495. 📊 So, keep your eyes on MicroStrategy, folks! They're making big moves in the BTC world, and it's a wild ride you won't want to miss! 🌍🚀🌕
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