Bitcoin(BTC) Drops Below 68,000 USDT with a Narrowed 1.18% Increase in 24 Hours
On Mar 09, 2024, 10:27 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 68,000 USDT and is now trading at 67,963.976563 USDT, with a narrowed 1.18% increase in 24 hours.
Bitcoin Spot ETFs Saw Net Inflows of $996 Million Last Week, Marking Three Consecutive Weeks of Net Inflows
According to Odaily citing data from SoSoValue, Bitcoin spot ETFs recorded net inflows of $996 million during last week's trading sessions (April 13 to April 17, Eastern Time).The Bitcoin spot ETF with the highest net inflows last week was BlackRock's IBIT, with weekly net inflows of $906 million. IBIT's cumulative historical net inflows now stand at $64.63 billion. Following that was the Ark & 21Shares ETF ARKB, with weekly net inflows of $98.5036 million. ARKB's cumulative historical net inflows have reached $1.55 billion.The Bitcoin spot ETF with the highest net outflows last week was Fidelity's FBTC, with weekly net outflows of $104 million. FBTC's cumulative historical net inflows currently amount to $11.01 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $101.45 billion. The ETF net asset ratio (the proportion of ETF market value relative to Bitcoin's total market cap) has reached 6.55%, with cumulative historical net inflows totaling $57.74 billion.
ON getting hit on the downside. Longs couldn’t hold support. $ON {future}(ONUSDT) 🔴 LIQUIDITY ZONE HIT 🔴 Long liquidation spotted 🧨 $2.2578K cleared at $0.12153 Downside liquidity swept — watch reaction 👀 🎯 TP Targets: TP1: ~$0.118 TP2: ~$0.115 TP3: ~$0.110 #on
🚀New Dawn in Crypto: Changpeng Zhao’s Pardon and U.S. Securities and Exchange Commission’s Drop
Recent events in the global cryptocurrency sector have ushered in a new era. In particular, President Donald Trump’s full pardon of Changpeng Zhao (CZ) and the U.S. Securities and Exchange Commission’s (SEC) drop of case—these two decisions have given new hope for the future of the crypto industry. ⚖️ Relief from Legal Pressure:A New Beginning The legal pressure that CZ faced after his conviction on money laundering and US sanctions violations in 2023 shook the entire crypto ecosystem. However, President Trump’s pardon officially ended that chapter. This decision is an important message not just for one entrepreneur, but for the entire industry—regulation will remain, but it will be innovation-friendly. 🏛️ SEC Shifts Position: A Strategic Shift The long-running U.S. Securities and Exchange Commission’s civil case has been dropped, signaling a major shift in U.S. policymaking. Many are viewing the move as “regulatory relief” under the new administration—a shift from a hardline stance to a more cooperative one. 🌐 Positive Impact: A Return to Market Confidence Some positive changes are already being seen as a result of these two major decisions: * Investor confidence is increasing* Large institutional investors are showing renewed interest in the market* New opportunities are opening up for crypto startups* Blockchain technology is gaining acceptance 🔮 Future Prospects: Where is the crypto world headed? Given the current situation, a few key prospects are becoming clear: 1. Increased policy transparency:✅ The new administration’s policies will provide crypto companies with clearer guidelines, which will make it easier to do business. 2. The US’s return to global leadership:✅ Where there was uncertainty before, the US may once again become a center of crypto innovation. 3. A flood of new investment:✅ As legal risks decrease, venture capital and institutional investment will increase. 4. Technological advancements:✅ Decentralized finance (DeFi), NFT, and Web3 sectors may develop rapidly. Ultimately, it is a fact that truth can never be suppressed,
Changpeng Zhao’s pardon and the U.S. Securities and Exchange Commission’s withdrawal of the case—these events are not just legal changes, but also a reflection of a new perspective. The cryptocurrency sector is now at the beginning of a new journey—one where regulation and innovation can walk together. The future may be more stable, transparent, and promising #PardonCZ #CZ #Binance $BNB $BTC $ETH
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🚀 GTC/USDT: Moment of Truth — Catching the Reversal!
After the impulsive rise $GTC goes into correction and is currently trading just below EMA99. The price is squeezed in a zone where the fate of the local trend is often decided. Indicators hint at a weakening of selling pressure — a potential base for a rebound is forming.
🚨 Briefly on the indicators:
• RSI (14): 40.6 — close to oversold • MACD: slowing decline, a reversal is possible • Stoch RSI: oversold, a signal for a rebound
📊 Trading Plan (main scenario — LONG)
Targets:
0.120 — (+2.8%)
0.125 — (+7%)
0.130 — (+11%)
➡️ Entry Points:
• Aggressively: 0.115 — from current levels • Conservatively: 0.120 — after confirming the reversal
⛔️ Stop-loss: 0.102
⚠️ Conclusion:
Now is a key zone for decision making. If we hold the current support — we will get a quick rebound with potential up to 0.13. Losing the level — will open the way lower. We work strictly according to the plan and do not ignore risk management.
Sei Blockchain Wallets Surpass 100 Million Milestone
Sei, a public blockchain, has announced that the number of wallets on its network has exceeded 100 million. According to Foresight News, the blockchain reported that the first 50 million wallets took two years to accumulate, while the second 50 million were added in just six months, indicating a significant acceleration in growth.