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    Bitcoin

    Bitcoin in April: Halving Price Fallout, Network Peaks and ETF Updates

    In April 2024, Bitcoin faced its sharpest price drop since the FTX collapse, with halving charts in focus, but network activity soared to record highs, driven by new protocols and ETF developments. This report explores and analyzes Bitcoin’s ecosystem and the BTC price developments last month.

    El Salvador Mined 474 BTCs Since 2021, Government Now Holds 5,750 BTCs

    El Salvador, which became the first nation to use Bitcoin (BTC) as legal tender, could easily hold 5,750 Bitcoins, per “Bitcoin Office” report. The national Bitcoin Office is a government entity aimed at managing all projects related to the cryptocurrency.

    Bitcoin Price Prediction: BTC Nears $62,000 Amid Fed’s Hawkish Stance and PPI Report; CPI Ahead

    On Wednesday, Bitcoin traded at $61,949, up 0.65%, as the Federal Reserve’s hawkish stance on interest rates impacted its price outlook. Concerns over inflation and higher interest rates have dampened investor sentiment toward cryptocurrencies.

    Bitcoin Price Prediction as U.S. Spot ETFs Attract $66M – Are Whales Buying Again

    Bitcoin is currently trading at $61,500, with a 24-hour trading volume of $28.28 billion. The cryptocurrency has dropped about 2.25% in the past day. Ranked first on Cryptonews, Bitcoin boasts a market cap of $1.21 trillion, with a circulating supply of 19,698,325 BTC and a maximum supply of 21,000,000 BTC.

    Bitwise CIO “Incredibly Bullish” On Bitcoin ETFs After Latest SEC Disclosures – Here’s Why

    A recent influx of investor disclosures has Bitwise, one of the United States’ leading Bitcoin ETF providers, “incredibly bullish” on BTC.

    Top 10 US Pension Fund Invests $162 Million In Bitcoin ETFs

    One of the largest pension funds in the United States disclosed on Tuesday a $162 million allocation to the nation’s leading Bitcoin spot ETF products launched earlier this year.

    Bitcoin Enters Accumulation Phase, Exiting Post-Halving “Danger Zone,” Claims Analyst

    Technical analyst Rekt Capital suggests that Bitcoin has emerged from the post-halving “danger zone” and entered an accumulation phase, as indicated by weakening selling pressure.

    Bitcoin Price Prediction as Two Mysterious Whales Start Transferring Funds After 10 Years – What’s Going On?

    Bitcoin price prediction is a hot topic as two mysterious whales, inactive for over a decade, have suddenly moved 1,000 BTC, worth about $60.9 million, within the past 20 minutes.

    Bitcoin Hash Rate Declines as Mining Firms Shut Down Unprofitable Rigs Post-Halving

    The hash rate of the Bitcoin network has experienced a significant decline as mining firms are shutting down unprofitable mining rigs following the fourth Bitcoin halving.

    Daily Bitcoin Rune Etchings Plummet by 99% Since April Peak

    The number of new Runes etched on Bitcoin daily has experienced a drastic decline, falling below 250 for the past six days.

    VanEck’s Bitcoin ETF Gains $109 Million Net Asset, Holds $619 Million Bitcoin in Q1

    VanEck’s spot Bitcoin exchange-traded fund (ETF) experienced significant growth in the first quarter of 2024.

    US Blocks Chinese-Backed Crypto Mining Firm From Owning Land Near Wyoming Missile Base

    President Joe Biden has issued an order blocking MineOne, a majority Chinese-backed crypto mining firm from owning land near a strategic nuclear missile base in Wyoming due to security concerns.

    Bipartisan Senate Letter Urges DOJ To Stop Attacking Bitcoin Privacy Software

    Two crypto-supportive senators urged the Justice Department (DOJ) on Monday to reconsider its recent enforcement action against a popular Bitcoin privacy service.

    Bitcoin Miners Begin Curtailing Operations After Halving, Data Shows

    Bitcoin mining firms are scaling back the use of their computer fleets after industry revenues crunched substantially last month, according to a May 13 Coinshares report.

    El Salvador Launches Bitcoin Treasury Website For its $360 Million BTC Reserves

    El Salvador, renowned for its move to adopt Bitcoin as legal tender in September 2021, has now introduced a cutting-edge online platform for tracking the country’s Bitcoin Treasury.

    Bitcoin Price Prediction: Trades at $61,000 Amid Hawkish Fed Outlook; What’s Next?

    Bitcoin (BTC) began the week on a downward trend, trading around $61,000 with an intraday low of $60,675. Despite a previous surge following the U.S. approval of exchange-traded funds (ETFs), Bitcoin has not regained momentum.