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Top Performing Assets (24 Hours): $BTC -0.79% | $TRX -0.96% | $BNB -1.22%
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It's Frriiddaayyy Folks! Bitcoin is trading down at $51,208 and $3B options expire today so expect some wild volatility. Let's get on with the news...
SUMMARY
Last week, Bitcoin ETFs inflows in the past 4 days is larger than the first 4 weeks; $2.2B and Bitcoin and Ethereum were 51% attack proof.(3) Yesterday, Coinbase begun fighting for the $ETH ETF saying it's not a security.(3) Today, Reddit is following in the shoes of MicroStrategy and is putting their excess cash into $BTC and $ETH.(4)
Bitcoin is reaching it's support once again around $50K as the #Bitcoin ETFs recover. BlackRock went from 0 $BTC to over 100 $BTC in just six weeks; it took MicroStategy years to do that. ETF accumulating Bitcoin and rate cuts could drive $BTC to unfathomable heights says Arthur Hayes. Jurrien Timmer is suggesting that $BTC could reach a $6T market cap. JPMorgan believes retail investors drove the price of $BTC in February. The BLOCK benefitted nicely by HODLing #Bitcoin; more companies will prob follow suit.(2)
Kraken argues that the SEC should drop it's case against it. A new scam circulating on Telegram allows the attacker to drain a victim’s crypto wallet without the victim needing to confirm a transaction, according to user reports and blockchain data.
Bitcoin & Politics
Rep. Emmer slams the OMB for using it's emergency powers to push miners to do the survey.(2) Donald Trump thinks Bitcoin will need to be regulated.(6)
Cap Hill Crypto Weekly Newsletter
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Podcast of the Day: The potential of new spot bitcoin ETFs has yet to be unlocked | The Scoop
