- **Global Cryptocurrency Regulation**: Governments and regulatory bodies worldwide are focusing on the challenges of regulating cryptocurrencies as the market grows and gains mainstream adoption¹.
- **Electricity Demand and Cryptocurrency Mining**: AEP Ohio has flagged an increase in electricity demand due to cryptocurrency miners moving into its service area, leading to proposals for tariffs and discounts for business customers².
- **New Cryptocurrency Releases**: The market has seen several new listings and presales, including ZedDex, Digitaliga, and Houdini Swap³.
- **Bitcoin Price Movements**: Bitcoin is approaching the $67,000 level, with predictions of a new all-time high this week⁴.
- **Political Donations in Crypto**: Ahead of the 2024 election, political donations in cryptocurrency have hit a record $91 million⁴.
- **Turkey's Crypto Bills**: Turkey is drafting crypto bills to align with international standards⁴.
- **Institutional Investment**: Top U.S. hedge funds are increasingly investing in spot Bitcoin ETFs, with 13 out of the top 25 funds reported to have entered the market⁴.
For more detailed analysis and updates, you can check out the full articles through the provided references.
(1) AEP Ohio flags cryptocurrency miners as it proposes tariffs,
Chinese Billionaires Set to Enter Crypto Market! 🌟 $BTC and $ETH Trading to Begin Officially in Hong Kong Tomorrow, April 30th. Get ready for the big move! 🚀 Also, keep an eye on the upcoming 100X Memecoins like $SHIB, $PEPE, and $BONK! 🔥🔥 BOM bom bom bom
BTC ETH touching at an intra-day high of $3164 before shedding 0.85 to trade at $3128 at the time of writing. Traders have adopted a risk-off approach to crypto assets in the last one month, and that sentiment has not changed one week after the Bitcoin halving event. While some analysts attribute this to the fact that Bitcoin uncharacteristically peaked weeks before the halving, some say that the market rally is yet to come. Nevertheless, the ETH’s price is 0.54% lower on the weekly chart and has lost 14.12% of its value in the last month
You must realize that the BTC price candle chart you see is totally and completely different from what crypto whales use to compute and analyze the market.
On the whales chart there is always + or - $10,000 margin which is called "safety Margin". If BTC price on your local candle chart is $65,000, Crypto whales has it on theirs at $55,000 and in some cases it's at $75,000. This + or - $10,000 safety Margin is a very significant tool which performs two important roles.
#BTC According to official data, Fidelity updated the net asset information of its spot Bitcoin exchange-traded fund Fidelity Wise Origin Bitcoin (FBTC), showing that the current net assets of FBTC have reached approximately $10.17 billion, an increase of approximately $3.74 billion from the previous net assets of $6.43 billion as of March 7, and the current total number of shares in circulation has increased to 172,175,000.
Here's a summary of the latest cryptocurrency news:
- **Bitcoin's Price Drop**: Bitcoin (BTC) has dipped below the $70,000 mark due to high sell-offs among investors after the coin crossed this threshold¹. - **Arkansas' Fiscal Session**: Cryptocurrency is one of the top topics in Arkansas' 2024 fiscal session, with the state's lawmakers returning to the Capitol to vote on Governor Sarah Huckabee Sanders' first budget². - **ASIC's Legal Action**: The Australian Securities and Investments Commission (ASIC) is appealing a Federal Court decision that dismissed its case against Finder Wallet and its cryptocurrency product³. - **MicroStrategy's Potential Market Impact**: MicroStrategy could potentially flood the market with 1.6 million shares of MSTR due to convertible bonds due in December 2025⁴. - **Senator Tim Scott's Remarks**: Senator Tim Scott has called crypto a “scapegoat” for illicit finance concerns during a crucial crypto hearing⁴. - **CertiK's Telegram Vulnerability Discovery**: CertiK has discovered a Remote Code Execution (RCE) vulnerability in Telegram that could allow attacks on users⁴. - **Ethereum Foundation's Proposal**: There's pushback against the Ethereum Foundation researchers' proposal to slow ETH issuance, which could harden ether as a form of money by reducing inflation⁴.
For more detailed updates, you can check out the full articles using the provided references. Keep in mind that the cryptocurrency market is highly volatile, and news can change rapidly. Always do your own research before making any investment decisions..
As expected the price action of BTC successfully showed us some of the leg-up level movements. The price action of BTC can form another bottom level towards its Sell-Side Liquidity level. - MAIN INTEREST LEVELS ⬇️SHORT⬇️ $65,780 ⬆️LONG⬆️ $63,626 PREDICTED DAILY RANGE $63,039 - $73,875
#BTC is now around 64,000 to 65,000 dollars, which is a support area. There are two things that might happen next:
#Btc might go up to about 67,000 dollars, but then it will probably go down again. Bitcoin might drop below 64,000 dollars. If it does, there could be a pattern called a "Falling Wedge" that might make the price go even lower, until it suddenly goes up again. Considering the recent event called "Halving", it's likely that Bitcoin will be going down in value for a while.