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#BTCđŸ”„đŸ”„#EFT QCP: Macros Forces And Not Spot Bitcoin ETF Led to Recent BTC Price Rally, Will It Continue? The dovish stand from the FOMC followed by a decline in bond yields and a simultaneous rise in risk assets led to Bitcoin price rally. The crypto community has been celebrating Bitcoin’s phenomenal rally to $35,000 last month, with many cheering up for the spot Bitcoin ETF approval. However, QCP Capital believes that the actual reason behind the Bitcoin price rally was the macro forces.

#BTCđŸ”„đŸ”„#EFT QCP: Macros Forces And Not Spot Bitcoin ETF Led to Recent BTC Price Rally, Will It Continue?

The dovish stand from the FOMC followed by a decline in bond yields and a simultaneous rise in risk assets led to Bitcoin price rally.

The crypto community has been celebrating Bitcoin’s phenomenal rally to $35,000 last month, with many cheering up for the spot Bitcoin ETF approval. However, QCP Capital believes that the actual reason behind the Bitcoin price rally was the macro forces.

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Australia’s Tax Office Targets 1.2 Million Crypto Users in Compliance Crackdown This initiative is part of a broader attempt to identify those who may have skirted tax obligations on their crypto trades, as detailed in a notice issued last month, which was obtained by Reuters. Australia’s tax authorities are stepping up their efforts to address tax compliance among cryptocurrency users, reflecting a global trend towards stricter regulation of digital assets. The Australian Taxation Office (ATO) is seeking detailed personal and transaction data from up to 1.2 million users of cryptocurrency exchanges.
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#Writ2Earn Trending Altcoins For This Week After a good month of February, the crypto market has shown some signs of dips for few cryptos except a following trending altcoins. According to the fear and greed index, the crypto market is in the extreme greed phase. Many altcoins have performed exceptionally well in the last month. The March month has started with a little setback for a few cryptos, whereas some have maintained the rhythm. In this blog, we will discuss the trending altcoins for the week. Top 5 Trending Altcoins Based on the metrics of CoinmarketCap, the top five trending altcoins for the week are Pepe Coin, Digwifhat, Portal, Ondo, and Fetch.ai. Other than this, Ethereum has surpassed the $3500 mark and is currently trading at $3,427.17 with a dip of 0.85%. ïżŒPepe Coin Dogwifhat Portal Ondo Fetch.ai
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Bitcoin Asia: Initial Speakers Announced Bitcoin Asia 2024 is poised to redefine the global Bitcoin conference landscape. Hosted at the Kai Tak Cruise Terminal in Hong Kong, the conference is anticipating over 5,000 attendees, 100+ speakers, and 200+ companies to participate.  Initial Speakers Bitcoin Asia is excited to announce a lineup of industry experts and leaders for our May 9th-10th event.  Benjamin Yi - Riot Dan Held - Bitcoin Educator Dylan LeClair - UTXO Management Eric Qiu - CMS Holding Jack Kong - Nano Lab Jan Smejkal - Xverse Jeff Merlin - Merlin Chain Johny Ng - HKSAR legislative council Kevin Zhang - Foundry Muneeb Ali - Stacks Paul Sztroc - Layer Two Labs Udi Wertheimer - Taproot Wizards Ren CF - Electric Capital  Willem Schroe - Botanix Labs Wolfie Zhao - BlocksBridge YuShan Zheng - Waterdrip Capital Stay tuned for more big speaker announcements in the near future.
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Marathon Digital Holdings Introduces Slipstream to Enhance Bitcoin Transaction Efficiency Marathon Digital Holdings has unveiled Slipstream, a groundbreaking service aimed at enhancing the Bitcoin network's efficiency, particularly for large or unconventional transactions that typically face hurdles in processing. Launched on February 22, 2024, this initiative marks a significant milestone for Marathon, known for its pivotal role in the Bitcoin ecosystem. Slipstream, leveraging Marathon's proprietary MARA Pool, promises a direct avenue for submitting these challenging transactions, ensuring they adhere to Bitcoin's strict protocol and are processed swiftly, provided the transaction fees are met. This move not only positions Marathon as the first Bitcoin mining entity to introduce such a service but also underscores its unique standing as a publicly traded company with the capability to directly influence transaction confirmations through its mining operations, according to Mara
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Bitcoin to Six Figures? The Bull Case for BTC in 2024 Bitcoin’s price in 2024 is expected to hit a record high, driven by several factors. An ETF approval, BTC halving, and Interest rate cuts are identified as potential price drivers. Experts predict Bitcoin could hit $125K by the end of 2024. As 2023 draws to a close, the cryptocurrency market’s recent resurgence has prompted speculations of a much more positive performance in the upcoming year. Crypto enthusiasts are anticipating the leading digital asset, Bitcoin, to set new records and onboard new crypto natives. The expectations for a bullish 2024 hinge on several factors, which experts predict could drive higher price movement—notably, a widely expected spot Bitcoin exchange-traded fund (ETF) approval by the US Securities and Exchange Commission in January. Going by analysts’ estimations, an ETF approval is expected in the early weeks of January. Already, optimism around a possible approval has sent crypto prices up since November, with Bitcoin peaking at $44K and staying above the $40K levels since then. According to analysts, a spot Bitcoin-ETF will make the digital asset tradeable on the US stock market. Furthermore, the influx of institu

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