Global #Bitcoin

With Bitcoin regaining its position above $65,000 and the cryptocurrency market emerging from a period of geopolitical instability, attention is now turning to the possible effects of soon-to-be-released Bitcoin ETFs in Hong Kong.

Head of Research David Lawant of FalconX, a premier digital asset brokerage that provides trading, financing, and custody for top financial institutions, recently provided an analysis on X (previously Twitter) about how the dynamics of the market are changing as a result of Bitcoin halvings.

With the crypto market downturn continuing and digital assets continuing to dump, the bull market exuberance seems to have abruptly stopped. The well-known market expert "Cold Blooded Shiller" said on X on April 16 to his 269,000 followers that Bitcoin is "still the cloud that hangs over crypto."

In the last 24 hours, the price of PEPE has increased by 1%, edging closer to $0.000005576 on a day when the cryptocurrency market has gained 4%.

The value of many assets has been significantly impacted by Iran's retaliatory attack against Israel on Saturday, April 13. This is because it has raised the risk for some vital supply routes, like the Hormuz Strait, and stoked concerns that the ongoing conflict in the region may spread to other countries.

The well-known cryptocurrency tracker Whale Alert announces the discovery of a second whale that, having lain dormant since Satoshi Nakamoto's time, has awoken bearing millions of US dollars' worth of Bitcoin.

As it seems that the United States has dissuaded Israel from launching a counterattack, the market has moved past worries of tensions between Iran and Israel intensifying.

Solana fell and started to drop toward $110. The price of SOL is currently repairing losses over $140 and encountering challenges in the $160 resistance area.

Amid mounting worries about infrastructure vulnerabilities and national security, China's involvement in the cryptocurrency space has moved to the forefront of conversation.

On April 12, the price of Bitcoin and other well-known altcoins spontaneously declined, causing enormous liquidations and an unanticipated blow to the crypto industry.

Over the past few weeks, the price of Bitcoin has lost its upward momentum, raising doubts about the continuation of the cryptocurrency bull cycle. The leading cryptocurrency saw a flash crash on Friday, April 12, which saw its value plummeting from above $70,000 to around $67,000.

Almost 300,000 cryptocurrency traders faced nearly $1 billion in losses within 24 hours due to a major market crash on April 12. Unlike typical trends, altcoins surpassed Bitcoin in terms of liquidations.