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🚀🚀 Buckle up, BTC enthusiasts! Ripple's CEO, Brad Garlinghouse, predicts the crypto market value could double this year, thanks to key events like the US's first spot BTC ETF and the Bitcoin halving. 🎉🎉 Bitcoin has been on a roll, hitting a new all-time high of over $73,500 last month. The global crypto market cap is now a whopping $2.8 trillion! Garlinghouse believes the bull run is just getting started. 🐂🐂 The first spot BTC ETF in the US and the upcoming Bitcoin halving are expected to fuel this growth. The halving, which reduces the reward for miners and slows the creation of new coins, is set to happen next week. 📅📅 Garlinghouse explains, "You're seeing that drives demand, and at the same time, demand is increasing, supply is decreasing. That doesn't take an economics major to tell you what happens when supply contracts and demand expands." 📈📈 Historically, each halving has triggered a massive bull run for Bitcoin and the crypto market. And this time, the bull run has started even before the halving! 🚀🚀 Meanwhile, Ripple's XRP is still playing catch-up. Its price is hovering around the $0.60 mark. The outcome of Ripple's ongoing legal battle with the SEC could significantly influence XRP's price volatility and future market dynamics. The trial is set for April 23. 🏛️🏛️ So, keep your eyes on the crypto market, folks! Exciting times are ahead! 🎉🎉

🚀🚀 Buckle up, BTC enthusiasts! Ripple's CEO, Brad Garlinghouse, predicts the crypto market value could double this year, thanks to key events like the US's first spot BTC ETF and the Bitcoin halving. 🎉🎉

Bitcoin has been on a roll, hitting a new all-time high of over $73,500 last month. The global crypto market cap is now a whopping $2.8 trillion! Garlinghouse believes the bull run is just getting started. 🐂🐂

The first spot BTC ETF in the US and the upcoming Bitcoin halving are expected to fuel this growth. The halving, which reduces the reward for miners and slows the creation of new coins, is set to happen next week. 📅📅

Garlinghouse explains, "You're seeing that drives demand, and at the same time, demand is increasing, supply is decreasing. That doesn't take an economics major to tell you what happens when supply contracts and demand expands." 📈📈

Historically, each halving has triggered a massive bull run for Bitcoin and the crypto market. And this time, the bull run has started even before the halving! 🚀🚀

Meanwhile, Ripple's XRP is still playing catch-up. Its price is hovering around the $0.60 mark. The outcome of Ripple's ongoing legal battle with the SEC could significantly influence XRP's price volatility and future market dynamics. The trial is set for April 23. 🏛️🏛️

So, keep your eyes on the crypto market, folks! Exciting times are ahead! 🎉🎉

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🚀🚀Bitcoin enthusiasts, listen up! For the second consecutive trading day, nine out of eleven newly launched spot Bitcoin ETFs have seen zero fund flow. Only Grayscale and BlackRock have had flows on April 12 and 15, while every other fund remained inactive. 😱 The outflow from Grayscale’s GBTC means the net aggregate has flipped negative again for the last two trading days. General crypto asset investment products are also losing ground, with a $126 million outflow over the past week. 📉 But don't lose hope! BlackRock’s IBIT fund continues to keep crypto ETF markets afloat with inflows, albeit shrinking. On April 15, IBIT saw an inflow of $73.4 million, marking the fourth double-digit inflow this month. However, this wasn't enough to offset the $110 million outflow from GBTC, resulting in a net outflow of $36.7 million for all Bitcoin ETFs. 😬 Grayscale’s flagship fund has now lost 308,379 BTC worth around $19 billion at current prices. This is about half of the total BTC the fund held before it converted to a spot ETF in mid-January. Fidelity’s FBTC fund also had a zero flow day, ending its inflow streak on Friday. 😔 Despite the stagnation in ETF demand, on-chain accumulation remains very active, according to CryptoQuant CEO Ki Young Ju. The big ETF news this week was the approval of spot BTC and ETH ETFs in Hong Kong, which serves as a testbed for China money to enter the system. 🇨🇳 However, the market pullback continues, with total capitalization shrinking by a further 3.8% on the day. Bitcoin shed another 1.8% falling to $63,000, and Ethereum was down 2% at $3,100. Altcoins like Solana (SOL) and Toncoin (TON) were hit even harder. 📉 Stay tuned, BTC lovers! The game is still on! 🚀🚀
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🚨Crypto enthusiasts, heads up!🚨 Our crypto detective, ZachXBT, has sniffed out a group of scammers who've been making a killing with rug pull scams. These bad boys have a history of stealing from projects like Magnate, Kokomo, Lendora, and Solfire, and they're back with a new scheme on Blast, Leaper Finance. 💰💰💰 Their modus operandi? Letting the Total Value Locked (TVL) grow to 7 figures before swiping all user funds and falsifying KYC documents. They've also been spreading their net wide, launching scams on Base, Solana, Scroll, Optimism, Arbitrum, Ethereum, and Avalanche. 🌐 ZachXBT has connected them to scams involving Hash DAO, Glori Finance, and ZebraDAO, with total losses exceeding $20 million. 😱 In a recent post, he warned users to withdraw their assets immediately if they had funds deposited in ZebraDAO. In their latest scam, they've resurfaced with a new scheme involving Blast’s Leaper Finance. They reportedly injected nearly $1 million, acquired from previous scams, into a Leaper Finance address on the Blast network, boosting liquidity to lure unsuspecting victims. 🎣 Following the exposure of Leaper Finance’s ties to the scams, the group responded to ZachXBT, taunting him while revealing a ‘token launch.’ They've since deactivated Leaper Finance and Glori Finance X accounts, and the associated websites have been taken offline. In the first two months of 2024 alone, more than $200 million in cryptocurrencies have been lost due to hacks and rug pulls across 32 separate incidents. That's a 15.4% rise compared to the same period in 2023. Stay vigilant, folks! 🕵️‍♂️🔍
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🚀🚀 Bitcoin enthusiasts, buckle up! Despite the recent recovery from a weekend dip to $61,000, BTC's price might be headed for another correction, says CryptoQuant analysts. 📉📉 The bullish market sentiment seems to be overheating, according to a community "quicktake" by Bitcoin and Ethereum trader GAAH. The average 30-day funding rates for Bitcoin are still high, even after the recent price drop. 🌡️🌡️ These rates are similar to those during Bitcoin's 2021 all-time high, which now serves as the digital currency's "greatest resistance ever." GAAH notes, "The price is in a defined channel with around 20% expansion/retraction, an ideal scenario for large players to set up large positions." 📈📈 The last time Bitcoin funding rates were in a similarly bearish position was in late 2022, when Bitcoin's price was just 25% of what it is today. Since then, BTC has seen multiple brief corrections of around 20%, but hasn't seen a funding premium like today. 📊📊 The rapid rise of Bitcoin has encouraged many retail investors to start pocketing profits. The Spent Output Profit Ratio (SOPR) for short-term holders reached "extreme greed" levels in March and has only now moved towards a more neutral position. 🤑🤑 James Check, lead Glassnode analyst, says the SOPR's recent drop below a 1.0 ratio is a healthy sign for bulls. He suggests that the market needs to shake out its weak hands before moving higher. "SOPR is a metric that benefits contrarians," he advises. "Watch the retest of 1.0, it needs to break above, not find resistance." 🐂🐂 The weekend's Bitcoin crash triggered $700 million in liquidations within 24 hours, possibly due to escalating geopolitical tensions between Iran and Israel. So, keep your eyes peeled, Bitcoiners! 🧐🧐
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