Bitcoin leverage above $66k wiped out creating new floor for higher price discovery
Bitcoin leverage above $66k wiped out creating new floor for higher price discoveryRecent Bitcoin market sweep sets stage for organic price discovery above $50k with $27B leverage support.
Happy Monday!The global crypto market cap is $2.71 trillion, with a 24-hour volume of $157.4 billion. The price of Bitcoin is $72,359.59, and BTC market dominance is 52.5%. The price of Ethereum is $4,024.48, and ETH market dominance is 17.8%. The best-performing sector is Education, which gained 11%. The Crypto Fear & Greed Index is currently Greed (82). Top News
Bitcoin leverage above $66k wiped out creating new floor for higher price discoveryRecent Bitcoin market sweep sets stage for organic price discovery above $50k with $27B leverage support. Cathie Wood sees Bitcoin at $1 million sooner than 2030 after record ETF performanceWood stated that ARK Invest now considers the previous bull-case target of $1 million by 2030 too conservative. Bitcoin holders rejoice as value breaks unprecedented $71,000 milestone marking new ATHBitcoin's rapid price gowth to a new all-time high has put all its holders in a profitable position. More NewsBitcoin and Ethereum investment options to debut on London Stock ExchangeRetail traders would not be able to trade these investment products. Open interest reaches all-time high as Bitcoin touches $72kAs Bitcoin broke above $72,000, the derivatives markets saw a significant increase in open interest, with both futures and options OI setting all-time highs. Over $1 billion wiped off HEX’s valuation following Richard Heart’s disparaging remarksRichard Heart extensively criticized Ethereum's network high gas fees, urging HEX holders to migrate to PulseChain. Arbitrum DAO to refine legal aid proposal for Tornado Cash amid industry debateArbitrum's DAO new Tornado Cash legal proposal would address the legal concerns raised by the first.
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How Bitcoin’s road to new ATH was reflected in on-chain data
Sunday, March 10, 2024
CryptoSlate's latest market report dives deep into on-chain data to better understand the market forces leading up to, during, and after Bitcoin's journey to the new ATH. ͏ ͏ ͏ ͏ ͏ ͏
Bitwise reveals major institutions will start investing in Bitcoin ETFs starting Q2
Saturday, March 9, 2024
Bitwise said it is in "serious due diligence discussions" with a variety of major financial and corporate entities interested in Bitcoin. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
AI crypto market cap doubles to $25 billion in 20 days
Friday, March 8, 2024
The same AI tokens had a market cap of just $10 billion three weeks ago. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
CFTC chair urges Congress to issue legislation for crypto regulations
Thursday, March 7, 2024
Rostin Behnam also told Congress that Bitcoin and Ethereum can only be considered commodities under the current regulatory frameworks. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin and gold are becoming increasingly correlated in conservative investment strategies
Wednesday, March 6, 2024
Market trends suggest that investors are turning to gold and Bitcoin as a hedge against uncertain global conditions. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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The association sent a letter with five priorities to the President-elect, including regulatory clarity and ending crypto firms' "debanking." ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Galaxy Digital CEO Mike Novogratz says Bitcoin reaching $100,000 is ‘just the start’
Friday, November 22, 2024
Galaxy's CEO also warned that the market is currently heavy with leverage, with a correction until $80000 being possible after the $100000 is surpassed. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏