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Bitcoin has
shown resilience in comparison to the broader digital assets market,
maintaining a dominance metric of 55.3%, the highest level since April
2021.
In a recent note,
Matteo Greco, a research analyst at digital asset investment firm
Fineqia International, said that Bitcoin market cap dominance has hit
its highest level in three years despite recent sell-offs and market
volatility.
He also noted that trading volumes have remained robust.
BTC
Spot ETFs recorded a weekly trading volume of approximately $16.2
billion, with an average daily volume of around $3.2 billion.
Since
its inception, the cumulative trading volume stands at approximately
$212 billion, with an average daily volume of roughly $3.3 billion.
Bitcoin Ends the Week in Red
Ending the week at around $65,650, BTC experienced a 5.3% decline from the previous week’s closing value of around $69,350.
The week witnessed notable
volatility, particularly during the weekend, following a period of
relative stability from Monday to Thursday.
On Friday, BTC faced a downturn, dropping to a low of $65,100.
The
negative trend continued into Saturday, hitting a weekly low of
approximately $60,650 before rebounding and concluding the week around
$65,650.
The weekend’s price drop was attributed to geopolitical tensions in the Middle East.
However, market sentiment improved after an announcement of a temporary halt in hostilities among the involved nations.
Additionally, the upcoming halving, scheduled for the night between April 19th and 20th, has drawn attention.
Previous
halving events have historically been followed by 9-12 months of upward
trends, but they have also triggered short-term “sell the news”
reactions before and after the event.
The short-term bearish sentiment is further reflected in the net outflow of $85 million from Bitcoin Spot ETFs during the week.
Investors are displaying caution and engaging in profit-taking following the strong uptrend witnessed in Q4 2023 and Q1 2024.
US Inflation Data Surpasses Expectations
On the macroeconomic front, recent US inflation data surpassed expectations, leading to a revision in market participants’ rate cut projections for 2024.
Initial
expectations included a reduction of at least 75 basis points,
equivalent to three 25-basis-point cuts, in interest rates.
However,
the latest data has shifted projections to anticipate 25/50 basis
points cuts during the year, with the first cut expected in Q3 and a
potential second cut towards year-end.
“The
continued presence of inflation levels surpassing central banks’
targets might result in a prolonged period of tighter monetary policy,”
Greco wrote.
“This
could further contribute to the short-term challenges faced by risk-on
assets, as investors realign their portfolios in response to revised
mid-term expectations influenced by the latest financial indicators.”
As reported, digital asset investment products witnessed minor outflows amounting to $126 million in the past week.
Bitcoin experienced outflows of $110 million but maintained positive inflows of $555 million month-to-date.
Short-bitcoin,
which had been witnessing outflows for the past three weeks, saw minor
inflows of $1.7 million, likely capitalizing on the recent price weakn.

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In crypto article today:
Why is crypto up today?Security Engineer Sentenced to 3 Years in Prison for $12M Crypto HacksKuCoin Announces a $20 Million AirdropBtcTurk Organizes Half Marathon to Celebrate the Halving
Why is crypto up today?
The crypto market is having a green, spring day.
Over the past 24 hours, the total market capitalization is up 4% to $2.538 trillion.
According to CoinGecko, among the first 100 coins by market cap, only one is in the red. Celestia (TIA) dropped 4.6% to $10.18.
Among the green coins, CORE’s price increased the most. It appreciated 40% to $1.89.
Zebec Protocol (ZBC) and NEO follow it with 31% and 30%, trading at $0.02966 and $22.55, respectively.
Furthermore, all top 10 coins are green today.
The best performer in this category is Toncoin (TON). It’s up by nearly 13% to $7.1.
The second-placed Solana (SOL)’s price increased by 8.9% to $151.64.
Notably, Solana developers announced a mainnet beta update aimed at addressing the network’s recent congestion problems.
Ethereum (ETH) went up 7% to $3,237, while Bitcoin (BTC) rose by 3% to $66,050.
Meanwhile, digital asset investment products saw smaller outflows last week, totaling $126 million.
Trading
volumes experienced an increase from $17 billion to $21 billion
week-on-week, while the activity in exchange-traded products (ETPs) and
exchange-traded funds (ETFs) dropped relative to the overall market.
Additionally, major news came from Hong Kong where the Securities and Futures Commission (SFC) approved the first spot Bitcoin and Ethereum ETFs.
China Asset Management Co., Harvest Global Investments, Bosera International, and HashKey Capital are among the companies that have confirmed the approvals.
Security Engineer Sentenced to 3 Years in Prison for $12M Crypto Hacks
A US District Judge sentenced Shakeeb Ahmed to three years in prison for hacking two decentralized cryptocurrency exchanges (DEXes) and stealing cryptocurrency worth over $12 million.
Ahmed, a 34-year-old US citizen, previously pled guilty to computer fraud.
In a press release,
per the US Attorney for the Southern District of New York, in addition
to the prison term, Ahmed received three years of supervised release.
Also,
he must forfeit approximately $12.3 million and “a significant
quantity” of crypto and pay restitution to the two exchanges in the
amount of over $5 million.
“Shakeeb Ahmed was sentenced to prison
in the first-ever conviction for the hack of a smart contract and
ordered to forfeit all of the stolen crypto,” said US Attorney Damian
Williams.
“No matter how novel or sophisticated the hack, […]
today’s sentence shows, time in prison — and forfeiture of all the
stolen crypto — is the inevitable consequence of such destructive
hacks,” Williams added.
According to documents and statements, in July 2022, Ahmed attacked a
DEX using fake pricing data to generate approximately $9 million worth
of inflated fees, subsequently withdrawing those funds.
He agreed
to return the stolen funds, except for $1.5 million, if the exchange
agreed not to report the attack to law enforcement.
That same
month, he attacked another DEX, using an exploit in smart contracts. He
purchased crypto for lower prices than allowed and sold it for higher
prices.
While the exchange offered $600,000 for the return of the funds, he demanded $1.4 million instead, in the end returning nothing.
The $3.6 million he stole was approximately all the funds possessed by the Nirvana DEX, which as a result, shut down shortly after the attack.
Ahmed laundered the stolen millions in an attempt to conceal their source and ownership.
At
the time of both attacks, Ahmed was a senior security engineer for an
international technology company. He was reportedly proficient in
reverse engineering smart contracts and blockchain audits.
KuCoin Announces a $20 Million Airdrop
Crypto exchange KuCoin
has completed the distribution of an $8.95 million airdrop to users
affected by withdrawal congestion, announcing an additional $20 million
to be distributed as ‘gratitude’.
According to the press release, the exchange introduced another round of airdrops.
This week, there will be ten rounds of airdrops worth $20 million credited to 3 million users.
This
initiative is “designed to reward users who did not initiate
withdrawals or deposits during the specified timeframe of March 26,
22:00, to March 28, 00:00 (UTC+8).”
Furthermore, there will be a draw to select 3 million users who will receive airdrops between 0.1 and 2,000 USDT.
The distribution process will be completed within five days.
The
claim process for the $20 million gratitude airdrop involves token
vouchers, which recipients can redeem for BTC on a 1:1 basis.
This gesture is part of KuCoin’s goal to “foster a united and protected cryptocurrency ecosystem,” the exchange said.
“[…]
We aim to show our appreciation for the trust and support our users
have continuously shown. Let’s protect and celebrate the spirit of
cryptocurrency together,” said CEO Johnny Lyu.
BtcTurk Organizes Half Marathon to Celebrate the Halving
BtcTurk,
Türkiye’s first Bitcoin trading platform and a financial technology
company, will hold an event in Istanbul on April 21, marking the
much-anticipated Bitcoin halving period.
Per the press release, the BtcTurk Bull Run will be organized for the first time this year and will be held every four years from now on.
It will see professionals and the public run along the Üsküdar coast in Istanbul.
International athletes will also participate in the event.
The
runs will consist of three different stages: a 21-kilometer half
marathon, a 10-kilometer public run, and a 100-meter bull costume
special run.
All runs will be free of charge.
Furthermore, the sector’s major brands from around the world will attend The Bitcoin fair on the Üsküdar coast of Istanbul.
Also, Satoshi TV will be “in the area.”
Notably, in honor of Bitcoin’s 21 million supply and the halving, 2.1 BTC in prizes will be distributed to the winners.
The rewards include: finishing the Race Hand in Hand – HODL; Bitcoin Special Award for the 21st place finisher; Satoshi Special Award for the 210th place finisher; and Hal Finney Special Award for the 2,100th place finisher.
The oldest participant will receive the ATH Special Award, and the youngest one will get the Genesis Block Award.
In the 100-meter bull costume race, men and women will receive the Bull Costume Special Run Award and the Best Costume Award.
The first 5,000 runners to finish the race will receive a medal.
All participating runners will be given a certificate with international validity.
Meanwhile,
participants will run wearing chest numbers with integrated chips. The
running time will be simultaneously monitored locally and in Germany
using Race Result.

Story Highlights
Shiba Inu Price Prediction teases the SHIB token price could reach a maximum of $0.00002026 by the end of 2024.Shiba Inu price, with a potential surge, could go as high as $0.000195 by the end of 2030.SHIB is currently valued at $ 0.00002659
With the market taking a dynamic shift, meme coins are once again gaining momentum, signaling a potential bullish reversal on the horizon. Key players in the meme coin space, like Shiba Inu, are currently positioned at the threshold of initiating their next major rally. This trend suggests a prime opportunity for entry as these popular digital currencies gear up for significant upward movements.
As the trend gains momentum, the crucial levels are shining as areas of interest for buying the dips. Moreover, with multiple bullish events lined up in 2024 with a high probability of boosting the crypto market, holding meme coins can prove profitable. Further, as the second biggest meme coin with a market capitalization, Shiba Inu is ready to rise to the ranks of altcoins.
The ongoing price action brings us to the burning questions on every SHIB enthusiast’s mind: “Will Shiba Inu (SHIB) reach 1 cent?” or “Will Shiba Inu go up?” or “Is Shiba Inu a good investment?”
Furthermore, we’ve crafted a comprehensive Shiba Inu price prediction for 2023 – 2025 to address these pressing queries.
Indeed, join us on this analytical journey as we explore the potential SHIB price prediction trajectory for 2024 – 2025 and beyond.
What’s New With Shiba Inu?
Famously known as the “Dogecoin killer,” SHIB, the native token of the Shiba Inu ecosystem, is powered by the Ethereum blockchain. However, it has transcended this moniker, notably gaining traction and legitimacy through significant milestones like its listing on the premier crypto exchange, Coinbase.
Unlike its rival Dogecoin, which employs a tech similar to that of Bitcoin, SHIB tokens are ERC-20s, thus facilitating easier transactions.
Simultaneously, with the dog-themed meme coins in the limelight, read our Dogecoin (DOGE) Price Prediction to find out if DOGE will hit $1.
Additionally, Shibarium Network is Shiba Inu’s Ethereum Layer-2 blockchain network. The network chiefly uses tokens like SHIB, BONE, and LEASH, primarily focusing on DeFi and Gaming. Despite entering a field already saturated with competitors, Shiba Inu aims to make a place of its own. The aim is evidently to bring a real-world use case for its SHIB token and become more than a meme coin.
Shiba Inu Coin Price Prediction April 2024
Due to the steep 14.68% last week, SHIB’s price charted a pronounced bearish candlestick on the weekly timeframe. This drop has extended the correction to 23% and pushed the price to retest the support level at $0.000020.
However, with a bullish reversal, the meme coin is sustaining above the critical support levels and resonates close to the 38.20% FIb level. Moreover, with a bullish revival this week and a resurgence of buying pressure at the $0.000024 level, the bulls signal a buying opportunity for investors on the fence.
If the market reversal gains momentum, buyers could mitigate the pullback, resulting in SHIB’s price momentum reversal, climbing beyond the $0.00005833 threshold.
Shiba Inu Price Prediction
Potential High 2024: $0.00005833
SHIB Price Prediction 2024
Currently, Shiba Inu’s price is in a heavily pressured correction phase, and the buyers are struggling to regain control of the market recovery. Breaking the long-term resistance trendline, the SHIB price fails to sustain the breakout rally, resulting in a downfall under $0.000010.
Remarkably, the Shiba Inu price trend breaks the streak of lower high formations with a double bottom formation, but the sellers are back in the game.
Shiba Inu (SHIB) has had a challenging start to 2024, but the ongoing struggle at the trendline will be pivotal for the 2024 Shiba Inu price trend.
If the price can continue to rise above $0.00001195, it could possibly reach the target of $0.00002026 in 2024. Yet, if the SHIB price reverses, it undoubtedly could drop to $0.00000750. Overall, the outlook for SHIB is positive, although there is still some risk of a decline.
Shiba Inu Price Prediction
Potential High 2024: $0.00002026
Shiba Inu Coin Price Prediction 2025
The price of SHIB could reach $0.00003965 if the developers’ visionary developments come to fruition and Shiba Inu becomes a major player in the metaverse. However, if the community drives the price with typical buying and selling pressures, SHIB could trade at an average price of $0.000035215.
On the other hand, if investors fail to keep up with the liquidity of the digital asset on exchanges, FUD and negative sentiments could lower the price to $0.00003078.
Shiba Inu Price Prediction
Potential High 2024: $0.00003965
Shiba Inu Coin Price Prediction 2026 – 2030
Shiba Inu Price Prediction
2026: $0.0000621
2026: $0.0000698
2026: $0.0000915
2026: $0.000129
2026: $0.000195

The Thursday total ETF flow was negative, with GBTC leading the p
(BTC) is stable, trading above $70,900, as outflows from the Grayscale Bitcoin Trust (GBTC) pick up once again.
Overall, $124.9 million flowed out of GBTC, according to on-chain data. In comparison, $4.6 million flowed into Fidelity's FBTC, and $11.1 million went into Bitwise's BITB.
Up to Thursday, all the bitcoin ETFs have reported a weekly outflow of $227.9 million.
There's currently a belief within the market that continued outflows from GBTC put selling pressure on BTC and drive down prices.
However, that belief is not universal, and some market participants have a wait-and-see approach, highlighting that outflows are expected from GBTC, given its higher fee structure.
Traders are pricing in some price stability for bitcoin in the remaining weeks of April, with bettors on Polymarket putting the chance of BTC hitting $75,000 at 60% by month's end and the chance of it hitting $80,000 at 32%.