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1Is Bitcoin price bouncing at 57K? Here's why these levels are key2Spot bitcoin ETFs saw $344 million net withdrawals in April as flow reversal continued3Hong Kong spot crypto ETFs see disappointing debut, but there’s a caveat to US comparisons
Why This Bitcoin Correction IS Very Different Than the 3 Previous Ones
Institutional Crypto Research Written by Experts
10xResearch·2024/05/01 15:59
US lawmakers introduce bill to clarify taxation of staking rewards
Reps. Wiley Nickel, D-N.C. and Drew Ferguson, R-Ga., introduced the bill on Tuesday called the Providing Tax Clarity for Digital Assets Act.
The Block·2024/05/01 15:22
A whale deposited 1,225 bitcoins to Kraken 20 minutes ago, equivalent to $70.26 million
Lookonchain·2024/05/01 14:16
Bitcoin Sees Third Consecutive Daily Decline Amid Potential Bullish Reversal
Coinedition·2024/05/01 14:07
‘Buy the Dip Crypto’ Searches Jump to a Two-Year High as Bitcoin (BTC) Falls to Monthly Lows
Investors seem increasingly intrigued to enter the crypto ecosystem despite the wobbly market.
Cryptopotato·2024/05/01 12:52
Here’s When BTC Price Will Tap $500K: PlanB’s S2F Model Remains Unfazed Amid Market Correction
PlanB’s S2F model predicts bitcoin hitting around $500K during the 2024-2028 period.
Cryptopotato·2024/05/01 12:52
JPMorgan and Goldman Sachs Expect Fed’s First Interest Rate Cut in July
Coinedition·2024/05/01 12:28
Why Ethereum Is Shedding Weekend Gains Sparked by ETF Hopes
DailyCoin·2024/05/01 10:49
Standard Chartered says bitcoin price could fall further to $50,000
As bitcoin’s price has dipped below the $60,000 mark and is currently hovering around $57,000, it could fall further to around $50,000, according to Standard Chartered Bank.
The Block·2024/05/01 10:22
Bitcoin long liquidations spike above $145 million as market heads south
Bitcoin long liquidations spiked over $145 million in the past 24 hours as the price dropped to a low not seen since February.The digital asset’s price correction is partly due to falling demand from U.S.-based investors, according to CryptoQuant.
The Block·2024/05/01 10:04
Flash
- 04:28A certain whale deposited 11119 ETH into CEX an hour agoAccording to The Data Nerd, an hour ago, a certain whale deposited 11,119 ETH (approximately 32.36 million USD) into CEX. Two weeks ago, these ETH were accumulated at an average price of 3,134 USD. If sold at the current price, the loss would reach 2.49 million USD.
- 04:25Animoca Brands co-founded the "ApeCoin Ventures" proposal, suggesting to jointly create a 10 million dollar fund with ApeCoinAnimoca Brands co-founder Yat Siu has initiated a proposal related to "ApeCoin Ventures". The proposal shows that Animoca Brands' early-stage venture capital arm, Animoca Ventures, proposes to establish ApeCoin Ventures. This is in order to combine the historical expertise of Animoca Ventures with the strong influence of the community and expand the popularity and scale adoption of ApeCoin. In a 1:1 matching structure, the proposal suggests deploying $5 million worth of APE from ApeCoin DAO and matching it with $5 million in fiat funds from Animoca Ventures, creating a combined fund of $10 million. By jointly investing in early-stage Web3 companies, both parties will promote and encourage comprehensive use and adoption of ApeCoin. Their investment strategy targets seed round and Series A financing stage companies, prioritizing those that can integrate ApeCoin into their ecosystems. After successful exit, 50% of token profits will be sent back to ApeCoin DAO with plans to convert profits back into ApeCoins (or as one option).
- 04:22Bloomberg: The significant fluctuation of Bitcoin may be a precursor to a broader change in global market risk preferenceThe sharp drop in Bitcoin has sparked interest among investors, who believe that the significant fluctuations in Bitcoin could be a precursor to broader changes in global market risk preferences. After plummeting nearly 16% in April, Bitcoin fell about 4% over the past two days, marking its largest monthly decline since the FTX exchange crashed in November 2022. Some investors are looking for clues to liquidity dynamics that may impact other assets within Bitcoin trading. In recent weeks, as the Federal Reserve hinted at maintaining higher interest rates for a longer period of time, there was a slide in bitcoin prices. The Fed's stance pushed up U.S. bond yields and the dollar, thereby tightening financial conditions. Charlie Morris, Chief Investment Officer at ByteTree Asset Management Company said that Bitcoin is our favorite test indicator. It's a warning of future trouble on financial markets but we can trust it will rebound at some point.
