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💰 Bull Market Max and Average Correction :
2010-11: -51.28% | -18.41%
2012-14: -70.28% | -21.71%
2015-18: -32.93% | -10.93%
2018-21: -60.24% | -19.39%
2023: -19.11% | -5.47%.
In the current Bitcoin bull cycle, the market has witnessed relatively minor corrections, attributing to ETF buying pressure and hype so far.
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Altcoin capitalization is above $1 trillion again 💪
Of this amount, $34.4 billion is accounted for by meme tokens, with DOGE, SHIB, PEPE and 3 other dogenes in the top 6 🐶
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BREAKING: Total Spot Bitcoin ETF trading volume surpasses $7.5 billion today, more than doubling its previous record:
• BlackRock: $3,291,107,443
• Grayscale: $1,836,035,297
• Fidelity: $1,422,191,705
• ARK Invest: $425,812,381
• Bitwise: $252,060,298
• Invesco: $162,039,559
• WisdomTree: $59,402,811
• VanEck: $52,142,656
• Franklin: $31,848,031
• Valkyrie: $14,560,139
• Hashdex: $1,005,824
🪢Crypto_Insights
Circle announced that it will stop supporting USDC on the Tron network, and no new USDC tokens will be issued on the Tron network starting today.
USDC holders can move their funds on Tron TRC-20 wallets to exchanges, or to other networks that support USDC.
Whales Withdraw Almost $1 Billion in 🥇 Bitcoin From 🔵 Coinbase
“This substantial withdrawal of Bitcoin from Coinbase resulted in the funds being distributed across several new wallets, with values ranging between $45 million and $171 million.” – Link
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The SEC postponed the approval decision for Invesco and Galaxy's spot Ethereum ETF.
Bloomberg's Seyffart sees SEC's delay on Invesco Galaxy Ethereum ETF as expected, pinpointing May 23rd as the crucial date for the next focus.
🪢 Crypto_Insights
💵 Global debt now stands at over $307 trillion, equivalent to 336% of global GDP❗️
This is absolutely unpayable and it's a matter of time before it all comes crashing down 📉
Bitcoin is the only way out - only a few will be able to get aboard on time.
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☀️ BTC is back up to $46,000
Today we have exactly a good morning, and the end of the week could be just fine.
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📊 Meta, $META, has added $205 billion in market cap yesterday making it the biggest single day gain in history
This breaks Apple's previous record of a $191 billion gain on November 10th, 2022.
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🇺🇸 Billionaire Tim Draper says the US Government finally understands that "💰 Bitcoin is actually better for everyone."
The US Securities and Exchange Commission 🇺🇸 (SEC) announced the postponement of Grayscale Investments' request to convert its Ethereum (ETHE) Trust product into an Ethereum Direct Traded Fund (ETF).
The authority took the same action yesterday regarding BlackRock's application for a similar product.
💰 Bitcoin hashrate plunges, with over a 25% drop from 530 Eh/s (7DMA) to 385 Eh/s.
This is primarily due to miners in Texas powering down to aid the power grid during frigid temperatures.
Texas is home to roughly 13% of global hashrate
✔️ The cryptocurrency Fear and Greed Index fell into the neutral zone after signaling greed in the market since October.
