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🎉🚀 Bitcoin hit a new all-time high in USD on Tuesday, breaking its previous record of $69,000 set on November 10, 2021! This milestone brings Bitcoin's market cap to over $1.35 trillion, equal to the entire global supply of silver. 💰 The price surge followed the launch of several U.S. Bitcoin spot ETFs in January, opening the doors for institutional buyers who couldn't hold the cryptocurrency directly. 📈 The rally began when the U.S. stock market opened, a trend likely to continue as ETFs take up a larger share of Bitcoin's daily trading volume. 📊 Notably, Bitcoin has already surpassed all-time highs against other national currencies like AUD, CAD, EUR, and GBP. 💱 Tuesday's rally also caused $536 million worth of liquidations in 24 hours, with $286 million on short trades. 📉 This new high is significant as it breaks the trend of Bitcoin reaching new highs only after its "halving" event, which cuts the rate of new coins minted in half. The next halving is estimated for April 2024. 📅 So, let's celebrate this historic moment for Bitcoin! 🎊🥳

🎉🚀 Bitcoin hit a new all-time high in USD on Tuesday, breaking its previous record of $69,000 set on November 10, 2021! This milestone brings Bitcoin's market cap to over $1.35 trillion, equal to the entire global supply of silver. 💰

The price surge followed the launch of several U.S. Bitcoin spot ETFs in January, opening the doors for institutional buyers who couldn't hold the cryptocurrency directly. 📈 The rally began when the U.S. stock market opened, a trend likely to continue as ETFs take up a larger share of Bitcoin's daily trading volume. 📊

Notably, Bitcoin has already surpassed all-time highs against other national currencies like AUD, CAD, EUR, and GBP. 💱 Tuesday's rally also caused $536 million worth of liquidations in 24 hours, with $286 million on short trades. 📉

This new high is significant as it breaks the trend of Bitcoin reaching new highs only after its "halving" event, which cuts the rate of new coins minted in half. The next halving is estimated for April 2024. 📅 So, let's celebrate this historic moment for Bitcoin! 🎊🥳

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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🚀Hey BTC enthusiasts, buckle up! Despite the recent market rollercoaster, Bitcoin options are still flashing green, according to Kaiko data. 📊 Last week, Bitcoin took us on a wild ride, briefly dipping below the $57,000 mark before bouncing back over the weekend, thanks to easing concerns over Fed interest rates. 🎢 The price drop proved to be a boon for put options set to expire at the end of May. These options, which give holders the right to sell Bitcoin at a predetermined price, made up about 28% of the volume on Deribit for the May 31 expiry. 📉 But hold your horses! As Bitcoin's price galloped back above $64,000, these put options are no longer profitable. Call options in the $60,000 to $65,000 range are back in the money, baby! 💰 Despite the shift, call options continue to outnumber puts, signaling an overall bullish outlook among market participants. Looking ahead, Bitcoin options contracts set to expire on September 27 are dominated by call options, with a strike price of $65,000 emerging as the most popular choice. 🎯 This suggests that if Bitcoin maintains a price above $65,000 by the end of September, over $300 million worth of call options will be profitable. So, it looks like the market is betting on Bitcoin prices hovering around all-time highs by then. 🚀 Meanwhile, in the world of altcoins, meme coins are leading in leverage, with Pepe (PEPE) and Dogwifhat (WIF) boasting leverage ratios double that of other altcoins. 🐕 So, despite the market's ups and downs, it seems the bullish bias for Bitcoin is here to stay. Keep your eyes on the prize, BTC fans! 🏆
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🚀🎉 Bitcoin enthusiasts, buckle up! Grayscale's Bitcoin ETF, GBTC, is back in the game with its second consecutive day of net inflows, raking in $4 million and breaking a four-month outflow streak. This follows a Friday reversal of a 78-day net outflow trend, with an additional $63 million inflow. Since its transition to a spot Bitcoin trust in January, GBTC has seen a total net outflow of $17 billion, but currently manages approximately 292,217 BTC (valued at $18.4 billion). 📈💰 Meanwhile, the 11 US-based spot Bitcoin ETFs collectively received $217.06 million in funds on Monday, catapulting the cumulative total net flow of investments to $11.8 billion. Fidelity's FBTC topped the chart with a whopping $99 million inflow, followed by Ark 21Shares spot Bitcoin ETF ARKB with $76 million. 🏆🥇 Spot Bitcoin ETFs have played a significant role in driving Bitcoin to reach an all-time high a few months before its fourth halving. However, the subsequent slowdown of these investment vehicles triggered a massive struggle for BTC. But, there's been a recent uptick in spot Bitcoin ETF figures following a brief period of slowdown, contributing to Bitcoin's price climbing above $63,000. 📊🚀 In conclusion, the Bitcoin market is showing signs of resilience despite the recent challenges. So, keep your eyes on the prize, Bitcoiners! 🎯👀
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📣 Hey there, BTC enthusiasts! 🎉 Let's take a quick detour and talk about Ethereum for a sec. It's been having a tough time breaking below the $3K mark, with selling pressure being met by demand, causing a bit of a standstill. 🤔 But watch out! If it breaches this pivotal point, we could see a ripple effect. 🌊 Ethereum's trajectory has turned bearish after a significant rejection near the $4K mark. However, it found a temporary respite upon hitting a substantial support region around the $3K mark. 📉 This area aligns closely with the 100-day moving average, indicating significant demand near this crucial threshold. Right now, Ethereum is in a sideways consolidation phase, with the price hovering around the $3K support region. This suggests potential accumulation, possibly setting the stage for a bullish resurgence. 🚀 But beware, an unexpected breach of this crucial support zone could trigger a cascade effect, with the next target at the $2.5K region. Analysis of the 4-hour chart reveals a descending wedge pattern due to Ethereum’s multi-month decline. Ethereum is currently seeing sideways movement near the lower boundary of this pattern, indicating heightened buying pressure. Despite this, it seems poised to continue its consolidation within the price range bounded by the $3.4K resistance region and the $3K support. Amidst Ethereum’s multi-month downtrend, investors are closely monitoring the behavior of traders in the futures market. The sudden drop below the critical $3K level resulted in the liquidation of a substantial number of long positions. However, the price has been hovering around the crucial $3K support region, potentially signaling an accumulation stage in the market. In conclusion, keep an eye on the $3K level. A sudden breach below this crucial mark could potentially trigger a cascade effect towards the $2.5K threshold. Stay tuned, folks! 📊👀
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🎉Hey BTC enthusiasts!🎉 Let's dive into the world of Polkadot (DOT), one of the oldest and largest decentralized networks in crypto, known for its sharded multichain architecture and parachains. DOT is Polkadot's native cryptocurrency, used for transaction fees, rewarding validators, and network governance. It can also be staked to secure and operate the network.🔒 DOT also plays a crucial role in parachain creation, where it's used to bond tokens to link parachains to Polkadot through an auction process on the Relay Chain. So, choosing the right Polkadot wallet according to your needs is essential, whether you want to store, stake, or bond.👛 Polkadot offers two main types of wallets: hot and cold. Hot wallets are software applications connected to the internet, allowing users to manage their funds and access decentralized applications across different devices. Cold wallets, on the other hand, are physical, hardware wallets similar to pen drives that store cryptocurrencies offline, providing better security but requiring a higher degree of self-responsibility.🔥❄️ Among the top 5 Polkadot hot wallets are Nova Wallet (best for desktop), Trust Wallet (best for hardware integration), SubWallet (best web wallet), Polkawallet (best mobile wallet), and Fearless Wallet. For hardware wallets, Ledger is the best overall, while Polkadot Vault (Parity Signer) allows you to turn your extra smartphone into a cold wallet.📱 Remember, the best Polkadot wallet is the one that suits your needs. Whether it's staking, governance participation, or cross-chain asset management, these DOT wallets provide essential tools for engaging with the vast Polkadot ecosystem in 2024.🚀
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🎉🚀 Bitcoin enthusiasts, buckle up! We're seeing the longest-ever miner consolidation and accumulation period since BTC hit $16K! 🚀🎉 CryptoQuant's latest analysis reveals a significant reduction in miner sell pressure post-halving, with 14 consecutive days of consolidation and accumulation. 📈🔍 Miners are experiencing their lowest revenue levels in a year, but hold your horses! 🐎 They're holding onto their BTC in anticipation of higher prices before selling. As spot Bitcoin ETF flows increase and the likelihood of a rate cut in Q4 rises, miners are likely accumulating for a profitable sell-off in the coming months. 💰📅 The halving slashed mining rewards from 6.25 BTC to 3.125 BTC, causing a significant drop in miners' earnings. But wait, there's more! 🚨 CryptoQuant CEO Ki Young Ju noted a significant shift in miners’ income streams due to the development of applications on the Bitcoin network. Transaction fees now contribute over 7% to miners’ total revenue, a stark increase from just 1% two years ago. 📊🚀 This trend has persisted for the last four weeks and could potentially strengthen the network’s fundamentals. On May 6, a total of 458,000 OP RETURN codes were used, suggesting a growing utilization of the Bitcoin network for purposes beyond basic transactions. 🌐💪 So, keep your eyes peeled, Bitcoiners! The future's looking bright! 🌞🚀
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