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📁 Equity options volume in 🇮🇳 India has nearly hit $40 billion, absolutely destroying the United States and the rest of the world ✅ Crypto Insights 📊💰🔹

🥇 Bitcoin and a handful of altcoins were down around 7%-10% over the last 24 hours. Here are several factors: 1. Several macro data is being released this week and had investors spooked. Particularly, there is a declining probability of US interest rate cuts this month, and rumors of possible rate hike considerations 2. Over the last 24 hours, 115,804 traders were liquidated for a whopping $387.91m. 3. US Spot BTC ETFs saw an outflow of $161m yesterday 4. Hong Kong’s Bitcoin and Ether ETFs failed to meet expectations 5. RSI divergence indicators suggest a bearish trend, as it was in the "overbought" area during the US BTC ETFs launch 6. More BTC miners approach shutdown levels amid price drop below $57,000 It is important to note that during the 2015-2017 bull market, over 13 different 20% pullbacks occured. Price swings are quite normal and sometimes good for the markets. ✅ Crypto Insights 📊💰🔹

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🟢 Tether's Q1 2024 report details significant financial growth and increased transparency: ⚫A record Q1 net profit of $4.52bn, mainly from US Treasury holdings and gains in Bitcoin and Gold ⚫For the first time, Tether disclosed a net equity of $11.37bn, showcasing enhanced transparency ⚫90% of Tether-issued tokens are backed by cash and cash equivalents, ensuring robust liquidity ⚫Its strategic investments exceed $5bn in areas like AI and renewable energy ✅ Crypto Insights 📊💰🔹

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💡💡💡: BlackRock hosts 🥇Bitcoin investing conference with industry leaders at its headquarters. ✅ Crypto Insights 📊💰🔹

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