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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! 🥂🎉

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🚀Hey there, BTC enthusiasts!🚀 Bitcoin's been on a rollercoaster ride, bouncing between $59,000 and $65,000, and now settling around $61,700. But hold onto your hats, folks!🎢 Optimistic forecasts are predicting a potential rise to $74,000 due to technical patterns and recent halving effects.📈 🔍Now, let's talk about the Ripple and SEC drama. The legal conflict is still ongoing, with the main focus being whether XRP is an unregistered security. The verdict is still out on that one!⚖️ 🌞Meanwhile, Solana’s SOL has been soaking up the sun, climbing by 12% over the past week. Analysts are bullish, foreseeing new highs in 2024 and highlighting the asset’s strong market performance.🚀 🔄Back to BTC, despite the recent plunge, many industry participants remain optimistic. The Titan of Crypto predicts a "falling wedge" might fuel a rally toward $74,000 "sooner than many expect." Adrian Zduńczyk also sees a $70K+ level as a possible target in May.🎯 🔔One signal that BTC's resurgence is on the horizon is the halving that took place last month. Historically, this event has resulted in a bull run for the asset and the entire cryptocurrency market.🐂 🔮Lastly, let's touch on Solana’s native cryptocurrency, SOL. It's up 12% on a weekly scale, briefly pumping above the $150 mark. Analysts predict the rally will continue, setting impressive price targets. Inmortal described the token as "the fastest horse of the cycle" and envisioned a new peak as early as this summer.🌅 Stay tuned, crypto fans! The ride is just getting started!🚀🌕
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🚀🚀Buckle up, BTC enthusiasts! A Republican-led initiative to allow US banks to offer crypto custody services has been stopped in its tracks by the Democrat-led White House. 🏛️ The House of Representatives was all set to vote on House Resolution 109, which would have overturned previous accounting guidance for banks looking to offer this service. But, the Biden Administration announced its intention to veto the resolution if it gets through the House and Senate. 😮 🔍Let's dive a bit deeper. The guidance that the Republicans want to invalidate, known as Staff Accounting Bulletin (SAB) 121, outlines the SEC's views on the accounting responsibilities of firms safeguarding customers' crypto assets. The White House argues that the resolution would disrupt the SEC's efforts to protect investors and the broader financial system. 🛡️ 🗳️The resolution did manage to pass through the House, but only with 55% of the vote. All Republicans and 26 Democrats voted in favor. But for it to become law, it needs to pass through both the House and Senate with a majority vote and get the President's approval. If the President vetoes, it would need a two-thirds majority in both chambers. 🏦 Critics of SAB 121, including the act's sponsor Mike Flood, argue that the SEC bypassed the traditional rulemaking process and that the bulletin is more of a "rule" than "guidance". They claim it makes it too costly for banks to realistically offer crypto custody services. 🏧💰 Stay tuned for more updates, BTC fans! 🚀🚀
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