Bitcoin price fell below $65,800 on April 2 as leveraged bullish traders recorded losses of more than $130 million and BTC network fundamentals and major macro indices hinted at an imminent rebound. On April 2, the price of Bitcoin fell to a ten-day low of $65,800, down 6% in a frenzied 12 hours. Can BTC recover before the upcoming halving event? Why did Bitcoin price fall today? Bitcoin price fell from $71,317 to $65,800 during morning trading hours on April 2 (GMT). The BTC market decline can be attributed to the Bitcoin ETF getting off to a negative start to…
Author: Crypto Flexs
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Bitcoin maintains its status as a preferred digital currency among many traders, with its price rising continuously attracting more investors. If you bought Bitcoin 10 years ago and stashed it away, you are likely to make a huge profit if you choose to sell your Bitcoin now. Nonetheless, even if you think your timing is solid, a minor mistake can result in you losing your funds. If you’re considering selling your Bitcoin, it’s important to take note of the lessons you’ve learned from others’ mistakes to avoid falling into similar traps. In this blog post, we will look at some…
United States Consolidated Branch Bitcoin BTC -6.44% Exchange-traded funds recorded net inflows every trading day last week and turned to net outflows on Monday. 860 million dollars.Inflows of $165.9 million from BlackRock’s main IBIT ETF were not enough to overcome $302.6 million outflows from Grayscale’s converted GBTC fund, bringing total net outflows yesterday to $85.7 million, according to CoinGlass data. It has arrived.Fidelity’s FBTC came in second with $44 million in inflows on Monday, while Invesco’s BTCO came in third with $4.2 million. However, Ark Invest 21Shares’ ARKB ETF suffered a decline in outflows for the first time since trading…
April 2 Bitfinex lists TOKEN, the native token of TokenFi Road Town, British Virgin Islands – April 2, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, today announced that it will list TOKEN, the native token of TokenFi, a user-friendly platform that simplifies asset tokenization and crypto token creation without coding. . . Launched in 2023, TokenFi simplifies asset tokenization and crypto token creation to drive accessibility and participation in the digital asset space. Targeting the global asset tokenization market, the platform offers an all-in-one solution across multiple networks and is gaining attention for its innovative approach. TOKEN,…
Bitget Announces Listing of Wormhole(W): Pioneering Cross-Chain Interoperability – Chainwire housenewsroomBitget Announces Listing of Wormhole(W): Pioneering Cross-Chain Interoperability We use cookies to make your experience on Chainwire’s website better. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the…
One important indicator of how much load the Ethereum blockchain can safely handle is how the uncle rate reacts to the gas usage of a transaction. In any blockchain of the Satoshian proof-of-work kind, every block published runs the risk of becoming “stale.” Since another miner posted a competing block before the recently published block reached it, and is not part of the main chain, a “contention” occurs between the two blocks, resulting in a situation where one of them inevitably falls behind. One important thing to note is that the more transactions a block contains (or the more gas…
join us telegram A channel to stay up to date on breaking news coverage The cryptocurrency’s market capitalization plunged more than 4% in the past 24 hours due to a sudden crash. bitcoin (BTC) plummeted below $67,000 and the top 10 cryptocurrencies all suffered significant losses. BTC has lost more than 4% in price, while altcoin leader Ethereum (ETH) has lost more than 5% of its value over the last trading day. Dogecoin (DOGE) had the biggest decline among the top cryptocurrencies by market capitalization, plummeting 9%, followed closely by Avalanche (AVAX) with over 8%. Cryptocurrency flash crash triggered by…
Solana (SOL) is almost ready to hit an all-time high, according to a venture capitalist who accurately predicted a cryptocurrency market bottom in 2022. Chris Burniske, former head of cryptocurrency at Cathie Wood’s ARK Invest, told his 286,200 followers on social media platform “SOL seems to me to be hungry for ATH (all-time high). The monthly close is already very close and at the circulating market cap. SOL is already there.” source: Chris Bernisk/X As of this writing, SOL is worth $190.41, which is about 27% off its all-time high of $259.96 in November 2021. Burniske also says Solana looks…
We want our application to allow users to declare via a signed 32-byte number which Bitcoin protocol rules and data formats they will adhere to. Currently I’m thinking this is a hash value of an annotated schema description document (e.g. a JSON schema). The schema describes the composition of block headers, coinbase tx, and other transactions, with comments describing the characteristics of each component. There is no need to include peer-to-peer message forwarding rules. I expect there to be a lot of “synonyms” in the schema document. For example, changing a period in a schema comment may result in a…
Volatility over the past 24 hours has seen a surge in liquidations on centralized exchanges, with Bitcoin falling below $67,000 and the broader cryptocurrency market following suit.According to CoinGlass data, over $427 million was liquidated across various centralized cryptocurrency exchanges in the last 24 hours. The majority of these liquidations, approximately $342 million, were long positions.bitcoin BTC -4.54% Positions suffered the most damage, with more than $130 million liquidated in the last 24 hours, $90 million of which were long positions.Liquidation occurs when a trader’s position is forced to close due to insufficient funds to cover losses. This occurs when…