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In an unprecedented shift in the Bitcoin ETF market, Cathie Wood’s ARK 21Shares Bitcoin ETF (ARKB) experienced a record outflow of $87.5 million on April 2, surpassing Grayscale’s Bitcoin Trust (GBTC) for the first time.
Solareum has decided to shut down the Telegram trading bot after the exploit as it cannot refund affected users because of a lack of funds.
Historically, past Bitcoin halving events have proved to be bullish for the Bitcoin price, with analysts expecting a rally to $200,000.
Despite the uncertainty regarding Ethereum ETFs, the overall projection for Bitcoin is favorable.
Major institutional investors, such as BlackRock and ARK 21Shares, have invested $323 million and $200 million, respectively, signaling their confidence in BTC Exchange-Traded Funds (ETFs)
Hashoni cautioned that the high buying activity from large wallets could potentially lead to a pullback, as whales require sell pressure to accumulate more Bitcoin.
The Bitcoin market is expected to continue to grow and mature as more investors look for exposure to BTC through spot ETFs and other investment vehicles.
Santiment revealed that wallets holding between 10 and 10,000 BTC collectively accumulated 51,959 Bitcoin on Sunday alone.
The positive sentiment is driven by the world’s largest assets manager firm BlackRock recently announcing its tokenized fund targeting Ethereum’s BUIDL products.
The UN General Assembly wants member states to responsibly use AI, while closing the digital divide by supporting developing countries.
JPMorgan strategists expect further downside in Bitcoin price amid slowing inflows into spot Bitcoin ETFs. They believe that BTC is currently in the ‘overbought’ territory.
Analysts are bullish for Bitcoin to hit new all-time highs, amid the strong bounce back, before the Bitcoin halving event 2024 in April.
According to the latest reports by Fortune, the SEC seeks to classify ETH as a security.
Unlike previous halving events, which are usually accompanied by Bitcoin reaching a new all-time high, the crypto asset has already hit a new ATH this month ahead of the event.
The settlement with Genesis signifies the SEC’s commitment to overseeing crypto lending platforms and safeguarding investor interests.