Crypto News

When the US Bitcoin Spot ETFs launched in January 2024, it felt to many observers like the moment the saloon doors swung open and bankers finally walked into a town they used to warn their children about. The results were immediate and rather astonishing. These funds gathered a cumulative net inflow of $55.96 billion and accumulated $86.22 billion in assets, quietly claiming 6.44% of Bitcoin’s total market value. According to XWIN Research Japan’s April 3 QuickTake post, ETFs are no longer content sitting politely at the investment table-they’ve begun rearranging the furniture, influencing liquidity and price discovery itself.

In an interview with CNBC’s Squawk Box, Wood assured us that Bitcoin’s latest downturn is not a disaster-oh no, it’s a “real victory.” A victory, mind you, where it only lost HALF of its value. The past crashes where it lost 85% of its value are “done,” she says, like an old pair of socks you finally threw out. Thanks, Cathie, I’ll sleep better tonight.

Solana’s development activity, as tracked by Santiment through GitHub events over the last month, reveals a clear leader at the top, while the projects in the middle are experiencing some changes.

The recent proclamation from Google, encased in their whitepaper, has set the ton aflutter with debates. Some, no doubt with their heads in the clouds, dismiss it as mere alarmism. Yet, the wiser among us-those who heed the words of a tech titan-recognize this as a clarion call. The migration deadline, once a leisurely ten years, now appears as secure as a debutante’s reputation at a ball.

Apparently, Circle had 15 chances to be the hero but chose to be the friend who’s “on their way” but never shows up. ZachXBT’s thread is basically a roast session with receipts, and it’s spicy.

Recent chart antics reveal that Bitcoin has tiptoed into the lower edge of a bear flag formation, which, for those not fluent in market lingo, roughly translates to “things might get worse.” The cryptocurrency is testing support near $66K, while the daunting $70.7K resistance, festooned with a declining moving average, threatens an 8K setback. Quite the pickle.

Bitcoin’s price is currently stuck in a narrow range. After briefly falling to $65,500, it recovered to around $67,000 when trading began in New York, but has since stalled. It’s now trading back in the $66,000 to $67,000 range it’s repeatedly tested recently.

Recall, if you will, the heady days of October, when Bitcoin ascended to such giddy heights that even the most stoic of investors were tempted to abandon their carriages for a ride on the “gold bandwagon.” Yet, as is oft the case with such fleeting passions, the allure of gold has dimmed, while Bitcoin, like a steadfast gentleman, has regained its footing. “Gold has lost its mojo,” Timmer remarked with a wry smile, “while Bitcoin, ever the resilient one, is once again the toast of the town.”

Behold, the internet’s favorite pastime: recycling rumors and slapping them onto the latest crypto token promotion. A viral social media post is once again peddling the utterly baseless claim that Forbes predicted XRP could soar to $60,000. This time, it’s bundled with hype for the REAL token and a cryptic April 17 partnership announcement tied to the XRP Ledger. Spoiler alert: Forbes never said that. Not even close.

Web3 asset data platform RootData-yeah, I know, another Web3 thing-says its project claiming feature is taking off. Big names like Bitway, Flock, Morph, and Solv are “settling in.” Settling in? Sounds like they’re moving into a retirement home. Anyway, completing the claim process apparently makes their transparency scores jump 30%, which somehow translates to a 220% increase in “heat value.” Heat value? Is this a dating app or a blockchain platform?