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AsalamoAlaikum (Ya Ali MADAD) Eid urează tuturor utilizatorilor Binance.
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Bitcoin price today: drops to $63k amid regulatory woes, ETF outflows Bitcoin price fell on Tuesday as sentiment towards cryptocurrencies showed little signs of improvement amid regulatory woes and as outflows from investment products, specifically exchange-traded funds, remained in play. The world’s largest cryptocurrency fell 1% in the past 24 hours to $63,558.2 by 01:52 ET (05:52 GMT). Sentiment towards crypto markets was battered this week by a report showing that less than 10% of overall stablecoin transactions- which are a key vehicle for transacting in crypto- were organic or from real users. The report raised questions over just how much retail demand there actually was for crypto, given that stablecoin operators, specifically Tether- clocked consistent increases in market capital. Additionally, trading app Robinhood Markets Inc (NASDAQ:HOOD) said it was facing potential regulatory action from the Securities and Exchange Commission over crypto tokens traded on its platform. The SEC was also seen postponing a key decision on ETFs. The negative factors came amid sustained outflows from crypto investment products, indicating that sentiment towards the space remained largely negative. Bitcoin ETF outflows extend into third straight week Data from digital asset manager CoinShares showed on Monday that crypto investment products saw a third straight week of sustained capital outflows. Overall outflows amounted to $435 million, with Bitcoin products seeing outflows of $423 million. Outflows from Grayscale’s Bitcoin ETF still made up a bulk of the overall outflows. But capital inflows into other Bitcoin ETFs were also seen slowing substantially. Weakening flows came amid a dearth of immediate cues for crypto markets, after Bitcoin’s halving event passed with little fanfare. The token was also largely rangebound after surging to record highs in March.

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What about PEPE? 🤔 Pepe Coin’s (PEPE) rise in 2023 was nothing short of impressive, rallying to more than a $1 billion market cap in a bear market. Since then, the meme coin has since cooled down, with its market cap falling below $400 million once more. But for meme coins like PEPE whose community remains strong, the show is far from over, especially when they are yet to see their very first bull market. Going by the growth of meme coins in the 2021 bull market, with the likes of Shiba Inu crossing the $30 billion market cap, the PEPE coin could be quite undervalued at these levels. Reaching the $20 billion market cap mark would mean a more than 50x increase from here, with the types of gains that cannot be gotten with the likes of Bitcoin. $PEPE

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$SHIB If SHIB succeeds in closing the day above this level, the analyst believes the price range between $0.00003050 to $0.00003200 to present the first blockage due to many day traders attempting to take profits at this SHIB price range. If SHIB overcomes this challenge, the biggest sell wall awaits at $0.00003455, continuing until $0.000036.

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$SHIB Shiba Inu Whale spends $19 Million On 692 Trillion SHIB, Time For Recovery? A significant Shiba Inu whale transaction was seen on the blockchain in the early hours of Monday and has caught investor attention over this time. The transaction which was reported by the on-chain whale tracking platform Whale Alert, was carrying a whopping 692.4 trillion SHIB. Now, at the time of the transaction, the tranche of coins was worth around $19.26 million. But with the crypto market seeing upside ahead of the start of the trading week, this stash of coins has moved closer to to being worth $20 million at press time. #SHIB

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Highest monthly close ever — 5 things to know in Bitcoin this week Bitcoin sets multiple records at the end of Q1 as anticipation grows for a return to BTC price discovery. Bitcoin starts a new week, month and quarter of 2024 with several new records — can the bull market continue from here? BTC price action made history on March 31 as the first quarter of 2024 ended with the highest close ever seen. Old resistance is not giving up without a fight; however, a battle between buyers and sellers is keeping old all-time highs from 2021 firmly on the table. Thus, price discovery remains elusive, with Bitcoin needing a push to $74,000 to knock out the bulk of latecomer sell-side liquidity. The stage is set for potentially volatile moves as Q2 gets underway. Adding to the mixture is the classic macroeconomic data element, with nonfarm payrolls due from the United States at the end of the week. This will be preceded by fresh commentary from Jerome Powell, chair of the Federal Reserve. Last week, Bitcoin appeared to respond positively to Powell, who kept the prospect of interest rate cuts in 2024 in focus. #BITCOIN

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Ultimele știri

Bitcoin Outperforms Major US Stock Indices This Week

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Beosin Alert Reveals Details Of DEXX Hack Affecting Thousands

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BlackRock Acquires Significant Bitcoin And Ethereum Amid Market Sell-Off

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Ethereum Faces Decline As Key Support Level Breaks

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XRP, ADA, and DOGE Outperform Expectations in Early Bull Market

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