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Top Performing Assets (24 Hours): $SOL 7.37% | $BNB 2.29% | $ADA 0.54%
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Welcome to Thursday Folks! Bitcoin is trading up at $66,737 and is struggling to get back above $67K and remain there.
TIME MACHINE
A few weeks ago, Bitcoin crossed $1T for the second time in history(4) and it hit $52K; possibly $55.4K soon in the US and a new all-time-high in Japan.(2) Who could have seen us going to $64K this fast? a couple weeks ago, Cardano founder Charles Hoskinson was battling with Arthur Hayes about his demeaning comments about Cardano(3) and Coinbase was fighting for the $ETH ETF saying it's not a security.(3) Last week, $60K achieved and even surged to $64K as the market reached extreme greed(3) and Gemini made their customers whole by returning 100% of the funds to those who participated in the Earn program.(7) Yesterday, Bitcoin had a "V-shaped" recovery which opened a path toward $76K.
Top Performing Assets Last Week (24 Hours): $DOGE 30% | $SOL 17.63% | $ADA 9.35%
CURRENT NEWS
Today, Arizona lawmakers cited rapid growth of the Spot Bitcoin ETFs as a reason to add them to retirement porfolios.(3)
Long-term Bitcoin hodlers have started to take profits as supply distribution commences, however, a sustained bull market is set to continue, according to analysts. Bitcoin retail interest returns, pushing BTC spot trading volume to 12-month high. Bitcoin 'Kimchi Premium' is back as BTC price spikes in South Korea. That said, BTC price needs 5% dip to liquidate $2B of Bitcoin longs.
It appears that Tesla could be buying Bitcoin again and according to the Financial Times, Mogo Inc., a digital asset and payment company, announced that they plan to invest $ 5 million in Bitcoin (BTC) and Bitcoin ETFs.
Texas-based Core Scientific, which emerged from bankruptcy in January, said it is set to lease up to 16 megawatts of capacity in its Austin datacenter to cloud provider CoreWeave. SEC continues to delay approving the $BTC ETF Options for CBOE, NYSE, and Nasdaq.
Jack Mallers believe Bitcoin offers an escape from banking insolvency. Anthony Scarmucci still believes we are in the very early stages of adoption with $BTC; it's been 14 years. Bitcoin miner revenue just recorded its second best day in history; reaching $75.9M.Bitcoin ETFs Are Poised to Challenge the S&P 500, According to MicroStrategy CEO Michael Saylor.(2) Historical patterns surrounding past Bitcoin halvings suggest BTC could surge to $300,000 by the peak of this ongoing bull market, according to Tether (USDT) co-founder William Quigley.
Top-tier members of Travala.com are set to earn 10% cashback rewards in Bitcoin on travel booking payments made with the Singapore-based travel agency.
Gary Gensler refused to answer if $ETH is a security.(3) $SOL hits a new 2-year high. BlockFi has settled with FTX and Alameda estates for $874.5M and will make their customers whole.(2)
MID-DAY
$ETH could run to $10K or higher this year on a lot of different events; biggest being the Dencun upgrade and possible ETF.
WATCH
LISTEN
Podcasts of the Day: How High Can Bitcoin go Before the Halving?! | Bitcoin Magazine
