💰 Bitcoin's Price Soars Past $48K, Nears $1 Trillion Market Cap Amidst Bullish Momentum
On Saturday, Feb. 10, 2024, bitcoin’s price soared beyond the $48K mark, reaching heights unseen since prior to Dec. 28, 2021. On Sunday, the leading digital currency maintained its robust momentum, consistently staying above the newly established price level. Over the last 24 hours, the crypto asset’s value has risen by over 2.6%, and it has gained more than 12% relative to the U.S. dollar in the past week.
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@TradeCryptoNow
💰 Cloud Bitcoin Mining Firm BitFuFu Seeks Public Listing
BitFuFu, a prominent player in the cloud bitcoin mining industry, is making strides towards a public listing in the United States. Backed by Bitmain, the firm is eyeing an initial public offering (IPO) through a Special-Purpose Acquisition Company (SPAC) merger. The firm initially planned to go public in January 2022 through a merger with Arisz Acquisition Corp. The anticipated debut on the stock market was set for the third quarter with a pro forma enterprise value of almost $1.5 billion.
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@TradeCryptoNow
💰 Citrea Proposes First ZK Rollup to Make Bitcoin the All-Chain
Citrea, a project that aims to scale Bitcoin through ZK rollups, came out of stealth on Tuesday. The project aims to become a pathway for several initiatives to take advantage of the decentralization and security of Bitcoin while at the same time contributing to scaling and giving developers the ability to adapt Ethereum Virtual Machine (EVM) apps into the protocol.
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@TradeCryptoNow
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: 💰 The world’s largest bitcoin mine begins construction in Texas.
Riot's Corsicana Facility will harness an impressive one gigawatt of electricity. The project will cost an estimated $333,000,000.
@TradeCryptoNow
#BTC Update:
What a pump 📈
BTC pumped right after the trendline breakout we discussed earlier
Bulls are in control, but watch out for potential resistance levels ahead.
@ChartsSignalsTrading
💰 Bitcoin’s hash rate soars to record heights
Bitcoin’s hash rate has reached an unprecedented high, marking a fourteen-day moving average of 566 exahashes per second (EH/s). This surge follows Feb. 2, a 7.3% rise in difficulty adjustment, bringing it to a record-setting 75.50T. Over the past three weeks, since the Texas freeze-induced low, the hash rate has skyrocketed by 12%, further reinforcing the network’s resilience to external shocks.
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@TradeCryptoNow
💰 Solana confirms outage on mainnet, engineers are investigating
Solana has confirmed an outage on its blockchain, causing block progression to halt. “Engineers from across the ecosystem are investigating an outage on mainnet-beta,” Solana stated in an incident report. “Solana mainnet-beta is experiencing a performance degradation, block progression is currently halted, core engineers and validators are actively investigating,” blockchain software company and Solana validator Laine posted on X.
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@TradeCryptoNow
🪙 ENS collaborates with GoDaddy to link web domains with blockchain names
Ethereum Name Service has partnered with domain registrar GoDaddy to allow users to link their domain names to ENS, aiming to connect the DNS protocol used by all traditional websites with the blockchain-based names. The collaboration will bridge the gap between traditional DNS and blockchain technology, with no additional costs or technical expertise required for users.
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@TradeCryptoNow
According to the data, publicly-traded entities with the largest 🥇 BTC holdings include:
⚫ Grayscale: 487,026 BTC
⚫ MicroStrategy: 189,150 BTC
⚫ BlackRock: 66,200 BTC
⚫ Fidelity: 59,224 BTC
⚫ Purpose Investments: 32,318 BTC
🤝 @Cryptocurrency_Inside ✅
💰 FTX seeks permission to speedily sell 8% stake in Anthropic
Bankrupt cryptocurrency exchange FTX is preparing to sell its most significant remaining illiquid asset: the 8% stake the company holds in valuable AI startup Anthropic, which received a $500 million investment from FTX's former CEO, Sam Bankman-Fried, in October 2021. The company, now led by CEO John Ray III, has filed a motion asking a judge to approve the sale of FTX's stake in Anthropic.
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@TradeCryptoNow
💰 Bitcoin mining difficulty hits new ATH after record 7.3% spike
Bitcoin mining difficulty has surged to a new all-time high, reaching 75.50T at block height 828,576 on Feb. 2, less than a month after its previous record-setting increase on Jan. 6. Mining difficulty saw a significant increase of 7.33%, the highest this year, marking the most difficult period to mine Bitcoin in its history. This milestone highlights the growing challenges and computational demands faced by miners in the Bitcoin network as the next halving looms.
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@TradeCryptoNow
💰 Spot Bitcoin ETF options could be approved as late as December 2024
Options on spot Bitcoin exchange-traded funds (ETFs) may not earn regulatory approval for several months, Reuters reported on Feb. 1. Martin Leinweber, digital asset product strategist for MarketVector Indexes, told Reuters that it may take two to ten months for those options to gain approval. This implies a possible approval date between April and December 2024.
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@TradeCryptoNow
🇭🇰 Hong Kong authorities investigating Worldcoin over data privacy concerns
The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has initiated an investigation into Worldcoin over data privacy concerns related to its collection of biometric data, according to a Jan. 31 press release. The PCPD said it executed court warrants to enter six Worldcoin premises on Jan. 31 in Yau Ma Tei, Kwun Tong, Wan Chai, Cyperport, Central, and Causeway Bay.
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@TradeCryptoNow
💰 Grayscale crypto holdings up $1.2 billion since last week as Bitcoin surges
Bitcoin outflows from the Grayscale Bitcoin ETF, Bitcoin’s recent surge from $39,900 to over $43,500 has seen the value of Grayscale’s crypto holdings grow by $1.25 billion since the end of last week. While roughly 18,000 BTC has left the fund since Friday, as per Arkham Intelligence data, the price increases across the board offset this. Grayscale’s Bitcoin holdings are up $968 million, while its Ethereum holdings are up $298 million.
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@TradeCryptoNow
🇭🇰 Harvest Fund Management Hong Kong submits an application for a spot 💰 Bitcoin ETF, according to Tencent News
@TradeCryptoNow
💰 BlackRock, $BLK, CEO this year: Bitcoin is no different than what gold was for thousands of years...it's an asset that protects you.
@TradeCryptoNow
Exchange: KuCoin
New Trade for #FRR/USDT (Chart: 2 Hour TF)
FRR/USDT Looks good on 2 Hour time frame moving along rectangular support price has taken reversal several times from here. Also on a Breakout.
◼️Entry: $0.00016800 - $0.00015564
🟢 Target 1 : 0.00017567
🟢 Target 2 : 0.00018408
🟢 Target 3 : 0.00020152
🟢 Target 4 : 0.00021897
🟢 Target 5 : 0.00025193
🛑SL : 0.00014853
@ChartsSignalsTrading
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: 💰 #Bitcoin ETFs officially the most popular ETFs in Wall Street history!
@TradeCryptoNow
💰 Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself 'World's First Bitcoin Development Company'
Nasdaq-listed Microstrategy has increased its cryptocurrency holdings to 190,000 bitcoins, having acquired 31,755 additional coins since the end of the third quarter. The company now considers itself “the world’s first Bitcoin development company,” with a unique value proposition, even when compared to spot bitcoin exchange-traded funds (ETFs). “We are a publicly-traded operating company committed to the continued development of the Bitcoin network through our activities in the financial markets, advocacy, and technology innovation,” Microstrategy detailed.
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@TradeCryptoNow
🪙 Ether options open interest indicates bullish sentiment about potential May spot ETH ETF approval, analyst says
The crypto derivatives market is suggesting continued excitement in the market regarding the potential approval of a spot Ethereum ETF by the end of May, an analyst said. "Traders seem to be adjusting their ether options contracts with the May 23 date in mind," Bitfinex Head of Derivatives Jag Kooner told The Block. The final approval decision deadline for spot ether ETF applications submitted by asset managers VanEck and Ark/21Shares to the U.S. Securities and Exchange Commission is May 23.
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@TradeCryptoNow
🇺🇸 SEC delays Invesco Galaxy spot 🪙 ETH ETF, but May decisions are still expected
The U.S. Securities and Exchange Commission (SEC) extended the decision period for Invesco and Galaxy’s spot Ethereum ETF on Feb. 6. The SEC said that the proposed rule change was published for comment in the Federal Register on Nov. 8, 2023. The agency then designated a longer period for approval on Dec. 13, 2023, extending the period during which it could approve, disapprove, or institute proceedings around approval or disapproval.
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@TradeCryptoNow
💰 Brazilian Tax Authority Reports Bitcoin Irregularities in Over 25,000 Statements
The Brazilian tax authority has reported identifying cryptocurrency irregularities in more than 25,000 tax statements. After a country-wide investigation, the institution detected that 25,126 individuals who possessed at least 0.05 BTC failed to include these holdings in its income tax statements, opening the doors for receiving fines or being charged for crimes against the tax system.
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@TradeCryptoNow
💰 Facebook, Instagram Will Join Google Enabling Bitcoin ETF Ads
Two of the world’s largest social media platforms will allow companies to advertise spot Bitcoin ETFs (exchange-traded funds). This represents a significant stride toward the increasing mainstream acceptance of cryptocurrencies. The new policies could pave the way for Bitcoin ETF ads to be featured on Facebook and Instagram. These companies have a colossal user base of over 2 billion monthly active users each,
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@TradeCryptoNow
💰 Case for $500k BTC: Bitcoin Scarcity to Beat Gold Post-Halving
Renowned analyst “PlanB”, the influential mind behind the Stock-2-Flow (S2F) model, has once again thrown his weight behind bitcoin, making a new case for bitcoin price targets in 2024-2028 cycle. In latest Plan B bitcoin analysis, the seasoned analyst boldly predicts that bitcoin, already a digital asset with unique scarcity, will surpass the rarity of gold and real estate following the upcoming halving event in April.
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@TradeCryptoNow
🇭🇰 Hong Kong asserts rigorous crypto regulations amid market evolution
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, reiterated the special administrative region’s banner of “same activity, same risk, same regulation,” under which Hong Kong crafted a licensing regime for virtual asset service providers (VASP). Hong Kong before the implementation of the new licensing system had been granted a transitional period intended to support them in adapting to the regulatory framework.
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@TradeCryptoNow
💰 Solana registers all-time high in monthly new addresses for January
There was significant increase in the number of new addresses on the Solana blockchain during the month of January, according to The Block’s data dashboard. The monthly count of new addresses on Solana increased to 11.81 million for January. This gain represents an 18% rise in new addresses on the network from December’s count of about 10 million — which was a multi-month high at the time.
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@TradeCryptoNow
💰 Bitcoin ETFs sees $197 million inflow, BlackRock and Fidelity lead the charge
Day 14 for the new Bitcoin ETFs marked another day of net inflows, with a considerable $197 million entering the market on Jan. 31, according to Whale Panda. This marks the fourth successive trading day of net inflows, underlining a trend in the market’s dynamic. Among the prominent contributors, BlackRock’s IBIT showed a strong performance, with net inflows of $116 million, according to Whale Panda, boosting its total to an impressive $2.8 billion.
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@TradeCryptoNow
💰 FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange
FTX, the bankrupt cryptocurrency exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a court hearing. The defunct exchange has also abandoned its efforts to re-start the platform due to a lack of buyers, Reuters reported, citing lawyers. The native token of the exchange, FTT, surged more than 11% on Wednesday in the aftermath of the news.
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@TradeCryptoNow
🪙 SEC likely to approve spot Ethereum ETFs on May 23: Standard Chartered Bank
The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.
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@TradeCryptoNow
💰 Charles Schwab Corporation, a financial giant with assets totaling $8.5 trillion, has adopted a seemingly cautious approach towards digital assets, prompting analysts to speculate on potential missed opportunities in a rapidly evolving market.
The company’s decision not to launch its own proprietary spot Bitcoin Exchange-Traded Funds (ETFs) despite the recent Bitcoin ETF approval by the Securities and Exchange Commission (SEC), has raised eyebrows in the financial community.
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@TradeCryptoNow