A 5,000 BTC transfer worth $351 million has intrigued the crypto community amidst Bitcoin's stability above $70,000. Speculation abounds on its purpose, while Bitcoin maintains stability despite GBTC outflows. With the upcoming halving event, uncertainty lingers despite trader anticipation.
EdmundThe substantial capital influx from institutional investors, predominantly into Bitcoin, underscores market expectations of a favorable SEC decision regarding the awaited spot BTC ETF. Notably, the divergence in flows between Bitcoin and short-Bitcoin products signals a prevailing confidence among institutions regarding potential ETF approval, rather than anticipations of a sell-off post-approval.
EdmundThe crypto funds market starts 2024 on a positive note, with significant inflows. However, the performance of individual assets varies, reflecting the dynamic nature of the cryptocurrency landscape.
BerniceDapper Labs CEO Roham Gharegozlou tweeted Thursday that the business had parted ways with 51 full-time employees and contractors, but insisted the company remains well capitalized. That follows previous layoffs in February this year and November last year.
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Coinlive New ALBT tokens will be minted and airdropped to the affected wallet addresses.
OthersWith further regulatory clarity, some cryptocurrency experts and traditional hedge funds are currently optimistic about crypto assets.
CointelegraphThe shocking Bitcoin withdrawals appeared as BTC's extended its decline below $20,000 over the weekend.
CointelegraphBitcoin’s price broke out of a long-term range that had lasted for months, with a daily close above $50,000, prompting traders to extend their short-term price target to $56,000.
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