In the early US hours of Monday, Bitcoin witnessed a significant surge, with its price climbing above the $72,000 mark. The ascent, marked by a more than 4.5% increase within a mere five-hour window from below $69,500 to an intra-day high of $72,579, can be attributed to a confluence of factors that have stirred the crypto market. #1 Strong Bitcoin Spot Demand The rally appears to be fueled by robust demand in the Bitcoin spot market, hinting at the potential sustainability of the move. Crypto analyst Daan Crypto Trades (@DaanCrypto)…
Month: April 2024
Detained Binance Exec Pleads Not Guilty to Money Laundering Charges in Nigeria: Reports
The head of Binance’s financial crime compliance was detained in the country along with another executive at the company, Nadeem Anjarwalla, back in February amid accusations by Nigeria’s government that Binance had helped process illegal funds worth billions of dollars and that it had manipulated the exchange rate for the Nigerian naira. Source
Bitcoin nears all-time high as daily trading volume rises 70%
Bitcoin is up by over 4% today as the largest cryptocurrency nears its all-time high after a month. After dipping below $66,000 following wider liquidations in the crypto market, BTC made a strong comeback this week, driven by nearly $570 million total net flow in Bitcoin ETFs last week. On Thursday and Friday, Bitcoin ETFs consecutively saw more than $200 million in net inflows. Market sentiment is also highly positive, as the fourth halving is approaching later this month. The anticipation has been further driven by the halving of Bitcoin…
ENA Rises 15% as Ethena Labs Increases Staking Rewards
ENA, the native token of Ethena Labs, surged by 15% on Monday following the announcement of “season 2,” which includes a 50% increase in rewards for some users. Source
Which Crypto Protocols Will Airdrop Next?
Eigenlayer has captured the biggest mindshare, however. Over $56,000 is betting on whether the platform will release a token before June 30 on the general airdrop market, with a 66% probability. A separate market that ends on April 30 has attracted even more money—$63,000—but with just a 17% chance of an airdrop. Source
DeFi Firm 1inch Introduces Web3 Debit Card in Partnership with Mastercard and Baanx
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Analyst Cites Favorable Market Trends That Could See Bitcoin Touch $300,000 This Cycle
Amid the renewed strength recently displayed by Bitcoin, Michael Van De Poppe, a recognized cryptocurrency analyst and trader has offered an intriguing prediction for BTC, highlighting that the crypto asset is likely to reach the $300,000 threshold in this bull cycle. Bitcoin Price Targetted At Unprecedented Heights This Cycle Over the past month, the price of Bitcoin has been consolidating and hasn’t been able to sustain its rise beyond its new peak of $73,000. However, things could soon be changing, as Michael Van De Poppe expects the coin to surge…
Chainalysis Hires Former IRS Criminal Investigations Chief Jim Lee
“Crypto is the future of finance, which also means it’s the future of crime,” Lee wrote in a Monday blog post on Chainalysis’ website. He added that each of the cases were “reflective of the fact that cryptocurrency is, at least in part, being used for a wide range of nefarious activities.” Source
Interest Rates Could Go Far Higher Than Many Expect (Full Text)
Business Resource Groups. To deepen our culture of inclusion in the workplace, we have 10 Business Resource Groups (BRG) across the company to connect more than 160,000 participating employees around common interests, as well as to foster networking and camaraderie. Groups welcome anyone — allies and those with shared affinities alike. For example, some of our largest BRGs are Access Ability (employees with disabilities and caregivers), Adelante (Hispanic and Latino employees), BOLD (Black employees), NextGen (early career professionals), PRIDE (LGBTQ+ employees) and Women on the Move. Women on the Move.…
MicroStrategy (MSTR) Should Continue to Rally as Bitcoin (BTC) Halving Nears: Benchmark
Benchmark raised its MicroStrategy price target to $1,875 from $990 while maintaining its buy rating. The new price target is based on the assumption that bitcoin will reach $150,000 by the end of 2025, up from $125,000 previously. MicroStrategy shares rose more than 11% to around $1,601 in trading before the official open of U.S. markets. Original