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- 🌙 Bitcoin Tumbles Below $60K, Ether Under $3K; Correction Not Over
🌙 Bitcoin Tumbles Below $60K, Ether Under $3K; Correction Not Over
Large bitcoin investors haven't started to buy the dip yet, suggesting that the correction may continue for a while, an LMAX Group strategist noted.
Mike Gavela
April 17, 2024
Crypto Roundup - Apr 17
Recent trends in the cryptocurrency market have highlighted significant fluctuations and a surge in institutional interest. Bitcoin's price has tumbled below $60,000 and Ethereum has dipped under $3,000, with market analysts indicating that the current correction may not be over yet due to an overheated futures market. This market instability coincides with the U.S. debut of the first futures-based Bitcoin ETF by BlackRock, which continues to see substantial inflows despite the volatility, suggesting that cryptocurrencies are increasingly being integrated into traditional investment portfolios. Concurrently, Worldcoin is advancing its blockchain technology with a new 'World Chain' Layer 2 solution aimed at boosting scalability and efficiency for its global identity system, marking a significant evolution in blockchain applications beyond financial uses​​.
Top Stories:
Bitcoin and Ether Prices Tumble: Bitcoin has fallen below $60K and Ether below $3K amid market corrections and high volatility, with analysts predicting continued fluctuations.
BlackRock Sees ETF Inflows: Despite market downturns, BlackRock's Bitcoin ETF continues to attract inflows, highlighting strong investor interest.
Worldcoin Introduces Layer 2: Worldcoin teases its upcoming 'World Chain,' promising to improve scalability and transaction efficiency in its identity verification ecosystem.
TOP STORIES
FUNDRAISES
Centrifuge has raised $15M to scale the adoption of institutional DeFi.
With this round of Series A funding secured, we're excited to share our key focuses for Centrifuge's development, innovation, and adoption across the worlds of traditional and decentralized finance: ↓… twitter.com/i/web/status/1…
— Centrifuge (@centrifuge)
10:09 AM • Apr 17, 2024
💥Just the beginning! Usual Labs has successfully raised $7M in a strategic funding round and secured $75M in TVL! Get ready for a revolutionary shift where users can own a piece of their fiat-backed stablecoin issuer. Change is here! #JoinTheAlternative 🔮
— Usual (@usualmoney)
2:18 PM • Apr 17, 2024
Aark raised $6M from the industry pioneers.🚀
With the new investment, Aark will focus on:
- Developing more scalable liquidity backed by LST/LRT.
- Enhancing 1000x leverage trading for long-tail assets.For more details:
cointelegraph.com/press-releases…— Aark (@Aark_Digital)
3:10 PM • Apr 17, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
IMO this bitcoin halving will NOT be different:
- All bitcoin price increase will again be around the halving
- Buying 6m before the halving and selling 18m after the halving (green line) will outperform buy&hold
- BTC > $100k in 2024
- BTC top > $300k in 2025— PlanB (@100trillionUSD)
1:19 PM • Apr 17, 2024
On April 20, 2024, Bitcoin will undergo its fourth halving on block number 840,000.
Satoshi Nakamoto programmed the halving feature in Bitcoin as a countermeasure to the continuous debasement of fiat currencies.
“The root problem with conventional currency is all the trust… twitter.com/i/web/status/1…
— Galaxy (@galaxyhq)
7:38 PM • Apr 17, 2024
introducing world chain
a blockchain for humans
— tiago sada (@tiagosada)
3:17 PM • Apr 17, 2024
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