Bitcoin Halving in Just 80 Days 🤔
Ever wondered where Bitcoin was 80 days before in the previous Halvings ? - In 2016, BTC was -62% below its ATH - In 2020, BTC was -52% below its ATH - In 2024, BTC is currently -42% below its ATH So, even if it seems like Bitcoin's price isn't moving much, it's following a similar pattern to previous cycles. Source: Mags
Only a tiny fraction of the world owns bitcoin, and after the halving in April, only 1.3125/21M btc will be left to be mined
Source: Walker
"I got next" effect on ethereum...
Source: J-C Parets
Bitcoin on a roller coaster after SEC drama
Shortly after the market close on Tuesday, the SEC's X account posted an announcement that it had approved bitcoin ETFs to begin trading, something that has been widely anticipated by the crypto market. That post was made by an imposter and was deleted soon after. About 15 minutes after SEC's imposter post, SEC chair Gary Gensler said from his X account that no bitcoin ETFs had been approved. “The SEC’s @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff,” an SEC spokesperson told CNBC. The price of bitcoin briefly spiked after the initial post, but then quickly slid below $46,000. Source: Bloomberg, CNBC, HolgerZ
Ether $ETH is at the lowest relative level versus Bitcoin $BTC since June 2022
ETH/BTC
JUST IN: 20,000 blocks remain until Bitcoin halving
Source: Watcher Guru
“Mr. 4MM” buys Bitcoin for approx. $4 million USD, several times a day, regardless of the price
He already bought 2x $4mm today. Source: CC15Capital
Last year, BlackRock launched a spot bitcoin private trust for institutional clients in the United States - see below. This PRIVATE trust was launched in 2022 with coinbase as custodian
The move comes at a time when the global cryptocurrency industry has been caught in the crosshairs of the U.S. securities regulator on alleged violations of securities laws. Could it be that BlackRock has been buying Bitcoin throughout the whole bear market using this PRIVATE trust?
