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Happy Tuesday Folks! Bitcoin is trading up at $34,451.65. Bitcoin so far hasn't been scared off of trying to conquer $35K, is today the day it blast through? It would be great on the birthday of the Bitcoin Whitepaper. not sure I will be able to update throughout the day but as usual I will try :)
SUMMARY
Yesterday, CME on the cusp of replacing Binance as top Bitcoin futures exchange(5) and last week’s $326 million of inflows into digital asset investment products was the largest since July 2022, with 90% going toward bitcoin vehicles.(7)
Bitcoin's 'triangular consolidation' is bullish as Bitcoin has shown some impressive strength above the $34,000 mark despite a high amount of profit-taking from short-term holders. Bitcoin ($BTC) buyers turn to call options as go-to instrument. Bitcoin white paper turns 15 as Satoshi Nakamoto’s legacy lives on as Bitcoin holds steady above $34K after hawkish BOJ decision.(3) There are now nearly 40M Bitcoin addresses in profit — A new record. If bitcoin’s price hits between $35,750 and $36,000, Galaxy’s Thorn says options dealers will have to buy $20 million more for each 1% price increase.
‘I don’t own Bitcoin, but I should,’ says Druckenmiller(4) and according to the financial expert and CEO of cryptocurrency trading platform CoinRoutes, Dave Weisberger, the macro outlook for the maiden crypto asset and the precious metal is “overwhelmingly positive
Solo Bitcoin Miner snags $200,000 block reward. Supply and demand dynamics could mitigate concerns of a potential Bitcoin market supply shock during the upcoming mining reward halving in 2024, according to Bitvavo CEO Mark Nuvelstijn.
Crypto asset manager Valkyrie amends spot Bitcoin ETF filing and first Bitcoin Futures ETF Registers $1,700,000,000 in Trading Volume Last Week: Bloomberg Analyst Eric Balchunas. But, are Bitcoin ETFs headed for one epic Gensler ‘rugpull?’ While unlikely, Bloomberg’s ETF analysts conceded there’s always a possibility that SEC Chair Gary Gensler could be waiting until the last moment to deny the flurry of pending spot Bitcoin ETF applications.
Former Goldman Sachs executive Raoul Pal says Solana ($SOL) is starting to look like a rocket ship on the charts as it gears up for big developments.
Bitcoin payments app Strike says no evidence of breach amid claims.
Do Kwon and Terraform Labs' lawyers urge judge to nix SEC's allegations. Crypto exchange Bittrex's U.S. shutdown approved at bankruptcy court.(2)
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Podcast of the Day: Bitcoin Maxis VS Everyone Else | Crypto Town Hall | TWOAS
