Price: $70,741 | Last Year: $26,666
"Be not simply good - be good for something." -Henry David Thoreau
US spot Bitcoin ETFs record second-best day ever ($880M inflows) as Crypto markets added $80B daily as Bitcoin exploded to $71K.
Willy Woo indicates that $72,000 is a significant resistance level for $BTC, if it breaks that it would ignite a "fuse" that would trigger a breakthrough to ATHs; liquidating $800 million worth of leveraged shorts. On-chain analyst Checkmate thinks that a big price move is incoming for Bitcoin (BTC) following months of consolidation; it's almost time. Bitcoin could hit new highs in a matter of days if it holds strong amid three-year low job openings and possible slowing inflation in the U.S., says crypto researcher Markus Thielen. Matthew Horne, CFA, the head of digital asset strategies at Fidelity Digital Assets, argues investors should allocate at least a small portion of their portfolios to Bitcoin regardless of their investment thesis on the decentralized currency.
Podcast: When Will We Go Parabolic This Cycle? | RSA+DH
Bitcoin halving impacted miner Riot Platforms, Inc.’ s revenue by 43% despite new facility.
In recent weeks, the US political environment has shown signs of shifting its stance towards the crypto industry. Bitwise Inc’s Chief Investment Officer (CIO), Matthew Hougan, believes this evolving attitude could bring the crypto market to new all-time highs; says regulatory uncertainty is holding back the $20T financial advisory industry from investing more in Crypto - smells like alpha.
New Texas Stock Exchange gets backing from BlackRock and Citadel, aiming for a 2025 launch. Meanwhile, Crypto exchange DMM Bitcoin plans $321 Million fundraise after major hack.
Video of the Day: Bitcoin Basics
Podcast of the Day: BTC185: AI Compute with Bitcoin Mining w/ Andrew Edstrom, CFA, CFP and Jesse Myers hosted by Preston Pysh
The founders of crypto analytics platform Glassnode believe $ETH may break out ahead of a possible “super euphoria” crypto phase. $BNB crosses $700, marks new all-time high.
Podcast: How the U.S. Government Can Protect the Dollar Through Stablecoins hosted by Laura Shin
Tether CEO Paolo A. warns of new wave crypto airdrop scam emails, CoinGecko potentially affected. Crypto users are being warned to be careful with email newsletters in the coming days.
