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koinmilyoner
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#Bitcoin hits $69K as #BlackRock boosts Wall Street's $BTC footprint. Bitcoin price continues above the November 2021 supply zone of $58,375–$65,518. The BTC ETF market has additional players because BlackRock permitted more participation. BTC's 60-day correlation with altcoins dropped to multi-year lows in Q1 2024 compared to 2023 and 2022. Bitcoin (BTC) broke $68,000 entering the weekend. Analysts expect a pullback before the next run north, so this directional bias may not last. According to sources, BlackRock is attracting more ETF participants. BlackRock boosts Wall Street's Bitcoin footprint. Bitcoin reached $68,756 on Friday before a pullback. The immediate reaction was horrible, coming on the same day as US unemployment figures. However, rumors that BlackRock, which provides the IBIT ETF, is adding players lifted sentiment. The IBIT BTC ETF now includes Goldman Sachs, Citadel, UBS, and Citigroup as permitted participants. Due to "supply shortages on exchanges," the largest banks are directly contacting Bitcoin miners to acquire Bitcoin, according to Hut8 Mining CEO Asher Genoot. Genesis sold $2.1 billion of its Grayscale Bitcoin ETF as banks approached miners. Coinbase said Bitcoin “dips are likely to be more aggressively bought” due to new investors wanting digital gold. This suggests a supply shock. In addition, Kaiko Research reports that Bitcoin price's 60-day correlation with altcoins fell to multi-year lows in the first quarter of 2024 compared to 2023 and 2022. Bitcoin price remains above the weekly supply zone of $58,375–$65,519. The 200-day Exponential Moving Average provides quick support. BTC might recapture its $73,777 top if bulls can push it above $69,000. The Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) indicators are strong, supporting the bullish Relative Strength Index (RSI) above the 50 mean line However, if sellers play and pull Bitcoin price below the median of the supply zone around $61,947, the slump will continue. Bitcoin price might provide another purchasing chance at $60,000 or lower.

#Bitcoin hits $69K as #BlackRock boosts Wall Street's $BTC footprint.

Bitcoin price continues above the November 2021 supply zone of $58,375–$65,518.

The BTC ETF market has additional players because BlackRock permitted more participation.

BTC's 60-day correlation with altcoins dropped to multi-year lows in Q1 2024 compared to 2023 and 2022.

Bitcoin (BTC) broke $68,000 entering the weekend. Analysts expect a pullback before the next run north, so this directional bias may not last. According to sources, BlackRock is attracting more ETF participants.

BlackRock boosts Wall Street's Bitcoin footprint.

Bitcoin reached $68,756 on Friday before a pullback. The immediate reaction was horrible, coming on the same day as US unemployment figures.

However, rumors that BlackRock, which provides the IBIT ETF, is adding players lifted sentiment.

The IBIT BTC ETF now includes Goldman Sachs, Citadel, UBS, and Citigroup as permitted participants. Due to "supply shortages on exchanges," the largest banks are directly contacting Bitcoin miners to acquire Bitcoin, according to Hut8 Mining CEO Asher Genoot. Genesis sold $2.1 billion of its Grayscale Bitcoin ETF as banks approached miners.

Coinbase said Bitcoin “dips are likely to be more aggressively bought” due to new investors wanting digital gold. This suggests a supply shock. In addition, Kaiko Research reports that Bitcoin price's 60-day correlation with altcoins fell to multi-year lows in the first quarter of 2024 compared to 2023 and 2022.

Bitcoin price remains above the weekly supply zone of $58,375–$65,519. The 200-day Exponential Moving Average provides quick support. BTC might recapture its $73,777 top if bulls can push it above $69,000.

The Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) indicators are strong, supporting the bullish Relative Strength Index (RSI) above the 50 mean line

However, if sellers play and pull Bitcoin price below the median of the supply zone around $61,947, the slump will continue. Bitcoin price might provide another purchasing chance at $60,000 or lower.

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#Binance Holds Over 67 Trillion #Shiba Inu Tokens Binance, the world's biggest cryptocurrency exchange, issued its latest Proof of Reserve (PoR) report, showing billions of Shiba Inu tokens owned by customers. Binance released its 17th proof of reserve report on April 1. All digital asset net balances were above 100% of client net balance, according to the exchange. Shiba Inu native token SHIB has a ratio of 103.60%, demonstrating the exchange's 1:1 collateralization of users' funds. The report states that Binance's customer net balance has 65,321,321,452,095.36 (65.3 trillion) SHIB tokens and its net balance contains 67,670,462,296,521 (67.6 trillion). The current price of Shiba Inu is $0.0000276, down 5.83%, putting users' deposits at almost $1.8 billion. Binance's SHIB reserves exceed $1.86 billion. Binance's newest SHIB token reserve has decreased from February's, indicating investors may have liquidated a tiny percentage of their holdings. The doggy-themed meme currency Shiba Inu gained popularity in February and March 2024, attracting many investors. Demand drove double-digit growth for the cryptocurrency, making it one of the most searched crypto assets on Google. Reserve Proof Shows 100% Backed Assets Binance releases its proof of research report often to keep people informed. The exchange says their proof of reserves includes all user assets. Binance also claims that its digital assets are 100% backed, protecting customer monies. The exchange supplied 1:1 money to cover all users' assets and reserves. This implies that the exchange's net balance constantly exceeds its customers'. Each Bitcoin or 1,000 Shiba Inu token deposit increases Binance's reserves by at least one BTC or 1,000 SHIB. Binance also reserves SAFU money for emergencies. This manages exchange liquidity and reduces market volatility losses. The exchange also claimed that it has no debt in its capital structure and uses Merkle Tree to enable customers to check their assets to ensure they are 100% backed and kept in a 1:1 ratio. #SHIB $SHIB
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🔥🔥The crucial $1.67 – $1.79 support zone for #Arbitrum pricing has now turned into resistance Defeating arbitrum pricing Since the breakdown on March 16, the price of Arbitrum has fallen below the $1.79 and $1.67 support levels. Since then, ARB's value has dropped 24 percent, to $1.48 per share. Retesting after a breakdown of critical support usually verifies the level has flipped into resistance. If this happens, the price of Arbitrum might surge by 13–20% and retest the previously indicated resistance level, which would be good news for investors. The next critical support level is around $1.34, or almost 20% below $1.67, and if sellers are in charge, ARB is likely to see strong rejection that sends it down. Both the RSI and the Awesome Oscillator have fallen below their respective average values of 50 and 0, lending credence to this trend of decline. Plus, according to IntoTheBlock's numbers, 175,000 addresses are OTM after buying 895,000,000 #ARB at an average price of $1.65. This group of buyers bought ARB between $1.58 and $1.70, which is the same range as the technical resistance level. Roughly 56,400 addresses purchased 2.15 billion ARB at an average price of $1.41 between $1.36 and $1.45. If the price of Arbitrum drops, these investors will likely add to their holdings because they are still in the money. Curiously, the technical assistance mentioned before also occurs at this level. When Arbitrum price reclaims the $1.79 resistance level and turns it into a support floor, the bearish thesis would be rendered useless. If this were to happen, ARB may try to break over the $2 psychological threshold by 12%.
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🔮🔮Experts Predict #XRP Price Surge, Could It Reach $10? Despite recent losses, crypto experts remain positive on XRP. One analyst expects XRP to reach $20 in the approaching bull market. Price Nearing Breakout for $XRP Crypto grading platform Evai CEO Matthew Dixon is quite positive about XRP. Dixon informed the crypto community on X (previously Twitter) that XRP trade volume has been rising. XRP's daily trading volume rose 42% to $2.1 billion, according to the crypto CEO's Evai graphic. Dixon feels this spike in trade volume indicates increased cryptocurrency interest. Interest usually leads to demand, which boosts bitcoin prices. The Evai CEO believes the rise in trading volume and attention indicated an XRP price breakthrough. However, considering the XRP price has stayed around the same level since Dixon's article, this seems unlikely in the immediate future. The 24-hour gain is 0.96%, and it is now at $0.61. XRP price predictions for the upcoming bull market range from prudent to bold. As regulatory clarification from the Ripple vs. SEC lawsuit approaches, many predict the XRP price to surge swiftly. 🔮🔮Crypto expert Armando Patoja ambitiously predicts a 3,000% price gain for XRP. Patoja believes that $5 projections for XRP drastically underestimate its potential. The crypto expert thinks XRP might reach $10–$20 on its own. Patoja compares XRP reaching $5 to Bitcoin reaching $1,000 in 2015. This is like forecasting Bitcoin will max at $1,000 in 2015. Similar to Bitcoin in 2015, XRP has a quickly developing network effect.$XRP may reach $10–20. Thoughts? Despite XRP's increasing community, Patoja's prognosis was not taken seriously. XRP could not reach that high, one community member said, since significant projects based on the XRP Ledger have abandoned it for other chains because it is a dead chain. They doubt XRP has that much steam because to a lack of constructors.
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