💰 Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord SaysWhile there has been a lot of noise about how much assets under management (AUM) bitcoin (BTC) exchange-traded funds (ETFs) are attracting, it is now becoming obvious that these ETFs are driving additional demand for the underlying cryptocurrency itself, broker Canaccord Genuity said in a research report on Monday. The broker held its 2024 Digital Assets Symposium last Thursday and hosted leaders from 29 crypto-related companies.

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@Bitcoin_Blockchain_Trading

Crypto Market Watch 👀*📊: • Bitcoin (BTC): $66,381.45 📈 0.40%
• Ethereum (ETH): $3,341.57 📉 0.05%
• Binance Coin (BNB): $564.39 📈 0.63%
• Solana (SOL): $189.52 📈 4.14%
• XRP: $0.5911 📈 0.52%
• Dogecoin (DOGE): $0.1862 📈 0.74%
• Cardano (ADA): $0.5927 📈* 1.32%

Keep your investments updated! 💱🚀

@Bitcoin_Blockchain_Trading

Your morning crypto digest🗞️*☕️:*

• U.S. Government Action: 🇺🇸 The U.S. government has moved $2 billion worth of Silk Road bitcoins to a Coinbase wallet. 🔄
• TRON Legal Battle: ⚖️ TRON Foundation and Justin Sun seek to dismiss the SEC’s lawsuit, arguing the SEC lacks jurisdiction over foreign defendants. 🌍
• Market Trends: 📉* Upbit’s trading volumes have dropped by 75%, signaling a potential end to the altcoin season. 📊
• *Regulatory Developments in Argentina: 🇦🇷* New crypto regulations have sparked controversy among enthusiasts, with stricter guidelines for crypto platforms. 🔍
• *Lightning Network Concerns: ⚡ Growing concerns about the Lightning Network’s limitations, including privacy issues and high costs. 🚨

@Bitcoin_Blockchain_Trading

📊 BTC $65,973.29 • ETH $3,321.20 • FGI 71 (Greed) - Today’s Update (03/04/2024)

@Bitcoin_Blockchain_Trading

☕️📊🗞️ Crypto Updates:

• Bitcoin (BTC): Fell to $65,500 as the halving event approaches this month.
• Ethena Labs’ ENA Token: Launched with a market cap of close to $500 million.
• Crypto Exchange Deribit’s Dubai-Based Unit: Wins a conditional VASP License.

📊 Latest Prices:

• CoinDesk 20 Index: 2,509 (↓6.5%)
• Bitcoin (BTC): $65,486.61 (↓5.78%)
• Ethereum (ETH): $3,309 (↓6.9%)
• S&P 500: 5,243.77 (↓0.2%)
• Gold: $2,282 (↑2.0%)
• Nikkei 225: $2,282 (↑2.0%)

🔍 Market Insight:

• Positive Outlook for Q2: According to Coinbase, the crypto market is set for a positive second quarter, with most headwinds in the rear-view mirror.

📈 **Chart of the Day:

• Blockchain Projects: Analysis of layer-1 and layer-2 blockchain projects based on smart contracts, unique active wallets (UAW), and decentralized applications.
• Deribit FZE:** Wins a conditional VASP license in Dubai for virtual asset exchange operations.

@Bitcoin_Blockchain_Trading

Crypto Market Watch 📉****

• Bitcoin (BTC): $66,210.33, ⬇️ 4.56%
• Ethereum (ETH): $3,344.69, ⬇️ 5.37%
• Binance Coin (BNB): $561.95, ⬇️ 3.75%
• Solana (SOL): $182.23, ⬇️ 6.77%
• XRP: $0.58957601, ⬇️ 3.12%
• Dogecoin (DOGE): $0.18554849, ⬇️ 8.81%
• Cardano (ADA): $0.58573441, ⬇️ 6.84%

@Bitcoin_Blockchain_Trading

• 📉 Bitcoin Drops Over 5%: Bitcoin’s price fell below $66,500 during Asian hours.
• 💰 Slight Recovery: Bitcoin has slightly recovered and is now trading at $66,831.
• 📉 Bitcoin Volatility Expected: Several job reports and the quadrennial mining reward halving later this month could impact Bitcoin’s price.
• 🏭 U.S. Factory Activity Expands: Unexpected growth in March, first expansion since September 2022.
• 💵 U.S. Dollar Index Rises: The dollar index climbed above 105.00 for the first time since mid-November.
• 📊 Market Impact: S&P 500 and gold prices affected by the stronger dollar and reduced likelihood of Federal Reserve rate cuts.
• 📈 Manufacturing Data Details: PMI rose 2.5 points to 50.3, indicating expansion.
• 🏦 Fed Rate Cut Expectations: Probability of a June rate cut dipped below 50%.
• 🌍 Global Financial Tightening: Sustained dollar strength may lead to reduced risk appetite among investors.
• 🔍 Market Focus: Attention on ISM report and upcoming Federal Reserve speeches.

@Bitcoin_Blockchain_Trading

📊 BTC $66,831.11 • ETH $3,383.36 • FGI 79 (Extreme Greed) - Today’s Update (02/04/2024)

@Bitcoin_Blockchain_Trading

Crypto Market Watch 📊*👀:*

• BTC (Bitcoin) 📉: $69,369.72 (-1.25%)
• ETH (Ethereum) 📉: $3,535.42 (-1.93%)
• BNB (Binance Coin) 📉: $382.93 (-3.85%)
• SOL (Solana) 🔻: $195.31 (-0.68%)
• XRP 🔻: $0.60859303 (-2.63%)
• DOGE (Dogecoin) 🔻: $0.20407942 (-0.95%)
• ADA (Cardano) 🔻: $0.62864750 (-3.04%)

@Bitcoin_Blockchain_Trading

Happy Friday! Here’s your crypto update in a nutshell: 🚀*✨
• 📈 Bitcoin (BTC) is stable at the $43,000 mark, while Chainlink (LINK) takes the lead in altcoin gains. #Bitcoin #CryptoGains
• 🧠 AI crypto tokens surged post-Meta’s earnings beat. #AICrypto #MarketSurge
• ❄️*** Binance has frozen $4.2 million in XRP following a $120 million exploit. #Binance #XRPFreeze

📊 Latest Market Prices:

• BTC: $43,185, up 2.6% 📈
• ETH: $2,322, up 2.4% 📈
• S&P 500: 4,906.19, up 1.2% 📈
• Gold: $2,073, up 1.0% 📈
• Nikkei 225: $2,073, up 1.0% 📈

Market Insight:

• Traders favor Bitcoin over Ether, even with the buzz around potential ETFs. 💹

Remember, investing is risky and can lead to loss of principal. Stay informed and invest wisely! #CryptoNews #MarketUpdate

@Bitcoin_Blockchain_Trading