🌙 Bitcoin back at $72,000

Having traded around $65,000 for most of the past month, the world’s leading cryptocurrency by market value rallied to above the $72,000 on Monday morning London time.

Author

Mike Gavela
April 08, 2024

Crypto Roundup - Apr 8

In the cryptocurrency landscape, recent developments have painted a complex picture of investor sentiment and market dynamics. Despite a backdrop of fluctuating enthusiasm, significant financial moves underscore an enduring interest in digital assets. Factors influencing Bitcoin's valuation and investor behavior include regulatory environments, technological advancements, and market liquidity, suggesting a nuanced yet cautiously optimistic outlook for its future. Key ETFs, notably BlackRock's, have seen substantial inflows, indicating a sophisticated, albeit wary, investor base navigating the crypto sphere.

Top stories:

  • Bitcoin's current rally is subject to multiple influencing factors, with its valuation remaining a focal point for investors and analysts alike.

  • ETF inflows continue, albeit at a moderated pace, highlighting ongoing investor interest amidst varying market sentiments.

  • BlackRock's Bitcoin ETF has amassed nearly $18bn, ranking it among the top ETFs globally, despite a broader hesitance among some investors towards cryptocurrency investments.

TOP STORIES

With Bitcoin back at $72,000, here are seven factors that will drive — or scuttle — the rally

Between the halving, new ETF flows, tax season, geopolitics, and the Federal Reserve, Bitcoin traders have plenty to watch out for in April.

www.dlnews.com/articles/markets/seven-factors-that-could-boost-or-scuttle-the-bitcoin-rally

Bitcoin ETF snapshot: Net inflows slow, but continue prior to BTC price rise

Net inflows into spot bitcoin ETFs slowed last week, but remained positive before bitcoin’s price shot up above $72,000 Monday morning.

blockworks.co/news/bitcoin-etfs-net-inflows-btc-price

BlackRock’s Bitcoin fund nears $18bn in assets despite investors’ ‘wavering’ appetite for ETFs

BlackRock's Bitcoin spot ETF is now among the top 3% largest funds of all time.

www.dlnews.com/articles/markets/blackrock-bitcoin-etf-at-18bn-despite-wavering-enthusiasm

FUNDRAISES

OTHER HEADLINES

Crypto Trader Eisenberg's $110M Fraud Trial to Put DeFi Under Microscope

The two-week trial will test the government's strategy of portraying complex crypto trades as simple fraud.

www.coindesk.com/policy/2024/04/08/crypto-trader-eisenbergs-110m-fraud-trial-to-put-defi-under-microscope

1 in 6 new Base meme coins are scams, 91% have vulnerabilities

Magazine's investigation shows that most BASE memecoins have security vulnerabilities with almost 1 in 5 tokens having honeypot risks.

cointelegraph.com/magazine/base-meme-coins-scams-vulnerabilities-honeypot

Arthur Hayes sells $9.6m of GMX as newer protocols eat market share with point systems

Arthur Hayes sells his GMX stake for a $2.6m profit amid shifting trends in decentralised derivatives exchanges.

www.dlnews.com/articles/defi/bitmex-co-founder-arthur-hayes-sells-96-million-of-gmx

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