Bitcoin network high-priority transaction fees rise to 472 Sat/byte
According to mempool data, the current high priority transaction fee for the Bitcoin network is temporarily reported at 472 Sat/byte.
Is Bitcoin price going to crash again?
Strong technical resistance levels and a high number of profitable traders pose the risk of modest pullbacks in the Bitcoin market.
Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce.
Former Bitmex CEO: Bitcoin will trade between $60,000 and $70,000 before August
Arthur Hayes, former CEO of Bitmex, predicts that the Bitcoin trading price will fluctuate between $60,000 and $70,000 by August. Hayes explained that the slow increase of billions of dollars in liquidity each month will suppress negative price changes starting from now. Although I don't think cryptocurrencies will immediately fully realize the inflationary nature of the recent US monetary policy announcement, I expect the price to bottom out, fall, and then slowly rise.
Coinbase CFO: Bitcoin's decline is just an ordinary day in the crypto space, and we are still optimistic in the long term
Coinbase's CFO, Alesia Haas, defended the rising costs of the cryptocurrency exchange and the volatility of the digital asset industry. Despite the company's better-than-expected Q1 performance, the stock price still fell.
BTC breaks through $63,000
The market shows BTC has broken through $63,000 and is currently trading at $63,014.9, with a daily increase of 6.11%. The market is volatile, so please exercise caution in risk management.
A single transaction with a transaction fee of up to 1.5 BTC appeared on the Bitcoin chain
According to on-chain data tracking service monitoring , there has been a single transaction on the Bitcoin network with a transaction fee as high as 1.5 BTC, worth about $100,254. It is reported that the sender of the transaction is an address starting with "bc1p4n" and the recipient is an address starting with "bc1pqv".
A whale withdrew 1,000 BTC from Binance 1 hour ago and has accumulated 4,860 BTC in the past 3 months
The Data Nerd reported that 1 hour ago, Whale 12QV withdrew 1,000 BTC (approximately 59.35 million US dollars) from Binance. In the past 3 months, they have accumulated 4,860 BTC (approximately 294.86 million US dollars) with an average entry price of 60,670 US dollars.
CryptoQuant CEO: Bitcoin whales accumulated 47,000 BTC in the past 24 hours
Ki Young Ju, CEO of CryptoQuant, stated on social media that Bitcoin whales accumulated 47,000 BTC (approximately $2.773 billion) in the past 24 hours.
After the opening of the US stock market tonight, the ETF custody address is expected to have a net outflow of about 579 BTC
As monitored by on-chain analyst Yu Jin, on May 2nd, a total of 11 BTC spot ETFs saw a net outflow of $34.36 million. Correspondingly, after the opening of the US stock market tonight (May 3rd), the ETF custody address is expected to see a net outflow of about 579 BTC:
Arthur Hayes: New U.S. monetary policy will boost crypto market rebound
On May 2nd, BitMEX co-founder Arthur Hayes expressed optimism about the trend of Bitcoin in his latest blog post titled "May Danger". Hayes analyzed in detail the potential impact of recent changes in US monetary policy on the crypto market.
10x Research: Bitcoin may experience another false breakout
10x Research posted on social media that investors should pay attention to potential false break price behavior when Bitcoin is in a triangular consolidation. The relative strength of Bitcoin has fallen to a low of 40% in this adjustment, which is quite similar to the three previous adjustments since the beginning of 2023. 10x Research stated that the institution is redefining its bull-bear boundary price line and may change its previous views. The previous bearish boundary line was $68,300.
$2.4 billion worth of BTC and ETH options expire today
23,000 BTC options are about to expire with a Put Call Ratio of 0.49 and a maximum pain point of $61,000 USD, with a nominal value of $1.4 billion USD. Additionally, 330,000 ETH options are about to expire with a Put Call Ratio of 0.36 and a maximum pain point of $3,000 USD, with a nominal value of $1 billion USD.
David Marcus: If Bitcoin can keep up with the speed of AI, it will become the native currency of AI
David Marcus, former president of PayPal and current CEO of Lightspark, shared his insights on the integration of artificial intelligence and Bitcoin during the Microstrategy World 2024 event in Las Vegas. He believes that Bitcoin can eliminate the inherent inefficiency and friction of legal currency and predicts that AI agents will adopt this digital native medium for value exchange.
Cointime MAY 1 News Express
1.Celsius Network destroys 94% of total supply of CEL, worth over $89 million2.USDC Treasury destroyed more than 200 million USDC3.Pike was suspected of being hacked and lost 479 ETH4.Fantom launches $6.5 million development fund, betting on safer memecoins5.Yesterday, the U.S. spot Bitcoin ETF had a net outflow of $162 million6.The balance of Binance Bitcoin wallet increased by 6249.36 in the past 24 hours, and 15565.89 inflows in the past 7 days7.In April, NFT sales on the Bitcoin chain exceeded US$685 million, setting the third highest monthly record in history8.On-chain content distribution agreement Metale Protocol completes additional $2 million in seed round financing9.A whale deposited 1,140 MKR into Coinbase, losing about $1.1 million10.The Bitcoin stablecoin project, bitSmiley, goes live with its Alphanet V1, marking its debut deployment on the Bitcoin Layer 2 network, Bitlayer.
Bitcoin and Altcoins Experience Significant Declines Ahead of Fed's Interest-Rate Decision
Bitcoin and other cryptocurrencies, including ether and altcoins, experienced a decline in value due to risk-off sentiment in financial markets ahead of the Federal Reserve's interest-rate decision and press conference. Bitcoin's value dropped below $58,000, marking its worst month since November 2022, and has fallen almost 9% in the last 24 hours. The broader crypto market, as measured by the CoinDesk 20 Index, has also lost more than 8.5%. Other major altcoins, such as solana, dogecoin, and avalanche, also experienced losses exceeding 10%.
BTC hits $57,000
OKX market data shows that BTC has reached $57,000 and is currently trading at $57,181.53, with a daily decline of 9.35%. The market is highly volatile, so please be prepared for risk control.
10x Research: The average holding price of US Bitcoin spot ETF buyers is about $57,300
On May 1st, 10x Research officially announced on social media that the organization accurately predicted three major corrections in this bull market. However, this adjustment is different from previous ones because institutional investors' risk management methods differ from those of most retail traders. The estimated average entry price for US Bitcoin ETF holders is around $57,300, possibly even 1-2% higher, and the current Bitcoin price is approaching that level.
BTC falls below $58,000
Golden Finance reported that according to OKX market data, BTC briefly touched $57,700 and is now trading at $58,581.53, with a daily decline of 7.15%. The market is volatile, so please be prepared for risk management.
BTC falls below $59,500
The market showed that BTC fell below $59,500 and is now trading at $59,468.74, with a daily drop of 6.22%. The market is volatile, so please be prepared for risk control.