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2024-04-17 04:09:38 Bitcoin Could Surge to $120K on 'Doomsday Rally,' Trader Says

International politics and the search for an investment hedge could fuel a bitcoin (BTC) surge in the coming months, even after confidence in the largest cryptocurrency was dented by a 10% weekly drop, some traders say. Bitcoin has long been considered a possible hedge against geopolitical events and was originally created in the wake of the 2008 financial crisis. Some traders say the hedging narrative remains viable despite BTC being highly correlated with traditional market assets for several years.

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2024-04-16 08:34:09 Bitcoin sees record fees in 2024 as halving approaches

As the Bitcoin halving draws near, Bitcoin activity is witnessing a significant uptick in fees and hash rate. On April 12, Bitcoin recorded its highest one-day fees in 2024, reaching an impressive $11 million. CryptoSlate reported on April 10 that this fee surge had gradually increased since early April. Interestingly, Bitcoin and Ethereum fees are starting to converge, with a difference of just $190k on April 14. Ethereum fees on April 14 hit $5 million, the lowest amount since Feb. 5.

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2024-04-16 04:09:13 Hong Kong approves Bitcoin and Ethereum ETFs as US lingers on ETH approval

Hong Kong further solidified its status as a crypto hub, with several issuers reporting approval of their spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs) applications on April 15. China Asset Management, one of the issuers, disclosed that its Hong Kong entity received regulatory approval to offer virtual asset management services, paving the way for Spot Bitcoin and Ethereum products.

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2024-04-15 08:53:08 Crypto Markets Lost Over $400B as Bitcoin (BTC) Slumped by $10K in 2 Days

Bitcoin’s dominance keeps increasing as the alts took another massive beating. It was just 48 hours ago when BTC’s price hovered calmly above $70,000, and it even challenged $71,000, but to no avail. Yet, the landscape changed for the worse on Friday evening after speeches from high-ranking officials representing the US central bank that said the Fed has no plans to start lowering interest rates anytime soon.

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2024-04-14 10:28:46 Ethereum's Pectra upgrade to bring smart contract functionality to wallets as experts debate EIP-3074

After a wait of nearly four years since its initial proposal, Ethereum developers have set their sights on including EIP-3074 in Ethereum's next upgrade, nicknamed Pectra, which is expected later this year. This enables functionality like approving a large batch of transactions all at once, paying gas in different ERC20 tokens, enhanced security or account recovery, and more. However, the upgrade is still a step away from full account abstraction, as the delegated wallet cannot initiate transactions.

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2024-04-13 19:17:03 Bitcoin’s halving countdown continues with one week to go

Bitcoin’s next halving event is now just one week or approximately 1,000 blocks away, according to The Block’s Bitcoin Halving Countdown page. The estimated countdown is based on Bitcoin's average block generation time of 10 minutes, setting a potential date of April 20 at around 9 a.m. UTC (5 a.m. ET), to reach the next halving block height of 840,000, as things stand. Bitcoin’s next halving event will see the subsidy reward for miners on the network drop from 6.25 BTC to 3.125 BTC per block.

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2024-04-10 10:13:20 Binance Has Matured Since DOJ $4.3B Settlement: CEO Richard Teng

Teng said Binance is now looking at sustainability and more compliance; hence the company’s focus on building a robust compliance program. Richard Teng, CEO of the world’s largest cryptocurrency exchange, Binance, believes the trading giant is past the cultural issues after it settled criminal charges from the United States Department of Justice (DOJ) with a $4.3 billion fine. During an interview with CNBC, Teng said Binance had moved past the early stage of its development, where there were no clear rules, and it had to operate in a certain way to stay relevant.

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2024-04-09 22:07:54 Ether outperforms bitcoin and sustains rally, amid surge in short liquidations

Ether has maintained its rally while outperforming bitcoin as market volatility prompts a surge in short liquidations. Ether short positions bore the brunt of market volatility damage as the digital asset rose above the $3,600 mark on Monday. According to Coinglass data, there were over $27 million in ether short liquidations in the past 24 hours. In the wider cryptocurrency market, there have been over $204 million in liquidations over the past 24 hours.

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2024-04-09 10:59:52 Toncoin (TON) Hits ATH Flipping Cardano for Top Ten Spot

Toncoin hit an all-time high of $6.50 on April 9, following a monumental 20% gain on the day, outperforming every other crypto asset in the top 50. The big move has enabled it to flip Cardano (ADA) and take the tenth spot with a market cap of $22.4 billion. Cardano, which is still languishing more than 80% down from its 2021 peak, has been dumped out of the top ten despite a 4% daily gain to top $0.61. Moreover, the social messaging platform Telegram-native asset has made more than 150% since the beginning of March, according to CoinGecko.

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2024-04-08 21:59:53 Investor fervor for Bitcoin ETFs cools despite $646 million weekly surge in crypto funds

Crypto-related investment products continued their upward trajectory, recording inflows of $646 million within the past week, according to CoinShares‘ weekly report. Trading volume for crypto investment products declined last week, dwindling to $17.4 billion from the $43 billion recorded in the first week of March. This suggests a potential moderation in investor interest in Bitcoin exchange-traded funds (ETF) after weeks of consecutive hype.

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