"A man should always consider how much he has more than he wants."
–Joseph Addison
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It's Frrriiiddaayyyyy Folks! Bitcoin is trading down at $41,256.89. Bitcoin tanked hard yesterday and nearly dipped below $40K and it appears there is still more downside risk ahead. Is it time to buy the dip? That's your call but I highly recommend paying close attention in times like this. Let's get on with the news...
SUMMARY
Yesterday, Trump said he would not support a CBDC and X went crazy praising him saying he supports Bitcoin as a result; easy folks he's not made that statement yet. Today, there is bearishness in the air.
We are less than 100 days out from the halving. $900M Bitcoin options set to expire today, will it push Bitcoin under $40K? Maybe but some traders bought Bitcoin calls at a strike price of $45K and $46K. Bitcoin instantly topped Silver in the ETF market and trials only gold among commodities.(2) First BlackRock Spot Bitcoin ETF (IBIT) hit $1B in inflows and now Fidelity has hit the same mark. Meanwhile, Max Keiser believes that more than half of Wall Street brokers & banks are blocking purchases of any $BTC ETFs which has pushed new all time highs for $BTC back a couple of weeks. JPMorgan says there is no more than 50% chance the SEC approves a Spot Ether $ETH by May.
30M $ETH locked which is a new high for Ethereum Staking.
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Podcast of the Day: Why the SEC’s Case Against Coinbase Is So Significant for Crypto | Unchained
