BTC breaks through $70,000
The market shows BTC has broken through $70,000, currently reporting at $70,001.76. The intraday decline has reached 0.89%, and the market fluctuations are large, so please be cautious with risk control.
Bitcoin Magazine: Google has indexed Bitcoin data in search engine
Bitcoin Magazine posted on social media that Google has indexed bitcoin data in its search engine.
Bitcoin Halving and ETFs Could Lead to Mainstream Adoption by 2024
Bitcoin has hit a new all-time high of $72,000, with potential macroeconomic uncertainty and upcoming elections affecting its price. The approval of 11 spot bitcoin exchange-traded funds by the U.S. SEC and the upcoming 4th Bitcoin Halving event in mid-April are two key factors contributing to its positive performance. The halving process, which reduces bitcoin's supply, is expected to have a positive impact on its price and could lead to increased mainstream adoption in 2024. While the impact of the halving on the BTC market in 2024 and beyond remains to be seen, smart traders and investors understand the importance of history repeating itself.
CryptoQuant: Available Bitcoin may dry up in the next “12 months”
Bitcoin appears to be experiencing a "seller liquidity crisis". The on-chain analysis platform CryptoQuant pointed out that record-breaking Bitcoin demand combined with a decrease in seller liquidity has caused Bitcoin's liquidity inventory to drop to its lowest level in several months. The organization estimates that if the current market growth rate is maintained, the current Bitcoin seller liquidity inventory is only sufficient to meet demand for twelve months. CryptoQuant added that its calculations only include "accumulation addresses" (i.e. those addresses that have not had outgoing transactions), which means that net demand may still be higher.
The fifth largest Bitcoin address transferred all 94,500 BTC held to 3 addresses on March 23
Monitoring data disclosed by Arkham on the X platform shows that the fifth largest Bitcoin address transferred almost all of its holdings, approximately 94,500 BTC (worth about $6.05 billion), to three new addresses in the early hours of Saturday, March 23. Only 1.4 BTC remained in the original address. These Bitcoin have not moved since they were received in 2019, and it is currently unclear who owns the address, which does not appear to be associated with any exchanges.
Data: BTC falls below $64,000
OKX-BTC/USDT is currently trading at $63996.20, with a 24-hour decrease of 4.77%.
3,595 BTC transferred from unknown wallet to Coinbase
According to blockchain data tracking service Whale Alert, at 5:23 pm on March 22nd Beijing time, 3,595 BTC were transferred from an unknown wallet to Coinbase, worth $237,257,125.
JPMorgan warns of overbought bitcoin as spot ETFs see outflows
According to JPMorgan, bitcoin is still overbought and profit-taking could continue leading up to the halving event. The past week saw a significant outflow in spot ETFs, which challenges the idea of sustained net inflows. Despite the recent correction, positioning still looks overbought and the bank predicts that profit-taking will continue as the halving event approaches. The quadrennial reward halving, which cuts miners' rewards in half, is expected in mid-April.
The Oklahoma Legislature yesterday passed a bill to protect Bitcoin rights
Mining company Hiveon posted on social media, saying that yesterday, the Oklahoma State Council passed a bill with a vote of 81:1 aimed at protecting Bitcoin rights, the result of efforts by Dennis Porter, Satoshi Action Fund, and the Oklahoma Bitcoin Association. The rights bill includes mining, buying and selling Bitcoin, self-custody, and running nodes; the bill was passed by the Senate and signed by the governor. The "mining rights" bill had previously passed in Montana and Missouri in 2023.
There are currently only about 500 blocks until Bitcoin’s next halving
According to Nicehash data, there are only about 500 blocks left until the next Bitcoin halving. The information shows that the halving event is expected to occur at block height 840,000, and the current block height has reached 835,532. In addition, there are less than 24 days left until the next Bitcoin halving.
HODL15Capital: China ranks second among nation-states in Bitcoin holdings, with 190,000 Bitcoins
According to HODL15Capital, China ranks second in national Bitcoin holdings with 190,000 Bitcoins.The United States ranks first with 210,000 Bitcoins. El Salvador ranks sixth with 5,692 Bitcoins.
Cointime March 17th News Express
1.Derivatives trading platform D2X completed US$10 million in Series A financing, led by Point72 Ventures2.6 wallets received ARB from the vesting contract and deposited 8.95 million ARB to Binance3.BOME TOP1 holders will sell 190 million BOME for the first time, making a profit of US$3.76 million4.Manta Network joins hands with ether.fi to launch the first phase of Restaking Paradigm, staking ETH to earn double EtherFi airdrop points5.A giant whale took out 1,000 MKR from Aave and sold them in batches, worth $2.88 million6.Bitcoin fee income was only about $20.3 million this week, a drop of more than 33%7.BOME Token Price Surge Reflects Cryptocurrency Market Dynamics8.ETHVietnam anonymous MACI voting is officially launched. This is the first time aMACI voting technology has been used in a large-scale encryption event.9.Bitcoin Whales Withdraw Massive BTC Reserve From Exchanges, Impacting Bitcoin Price Surge10.USDC circulation increased by 1.3 billion in the past 7 days
BTC falls below $65,000
The market shows BTC has fallen below $65,000 and is now trading at $64,999.9, with a daily decline of 6.08%. The market is volatile, so please be prepared for risk control.
Runestone has completed all airdrops, and the price of Magic Eden is temporarily at 0.0218 BTC.
On March 16th, according to data from Magic Eden, Runestone has completed all 112,383 airdrops, and the current floor price is temporarily reported as 0.0218 BTC. The cumulative trading volume has exceeded 206.6358 BTC, and the number of holding addresses is close to 98,000.
El Salvador President Nayib Bukele announced the purchase of 1 BTC and deposited it in a cold wallet
Salvadoran President Nayib Bukele stated on social media that one Bitcoin per day plan has just been deposited today. Data shows that El Salvador holds 5,690 Bitcoins.
Quantum Cats “cat0396” Successfully Auctioned at Sotheby’s for 1.8 BTC
Quantum Cats "cat0396" was successfully auctioned off at Sotheby's for 1.8 BTC, equivalent to approximately $127,000. Cat0396 is a rare NFT in the Bitcoin NFT series, with a chain inscription number of 53,786,256. This work was created in 2024 and is unique among the 3,333 works in the Quantum Cat series. It was engraved in 2024 and is currently the only Quantum Cats with a golden cape, which is said to be exchangeable for Golden Capes in the future.
Bitcoin wallet Xverse will airdrop 112,383 Runestones to its users
According to official sources, Bitcoin wallet Xverse has announced that it is airdropping 112,383 Runestone tokens to its users. Additionally, Xverse has announced the launch of its first Runestone forging application on the test network, which supports one-click forging of runes, tracking of rune balances, and will later support users deploying their own runes.
Bitcoin Ecosystem DeFi Project bitSmiley to Collaborate with Unisat to Co-Build BRC20 Stablecoin Ecosystem
In an exclusive joint AMA session held on the evening of March 15th between bitSmiley and Unisat, significant developments were unveiled. bitSmiley announced its participation in proposing a new protocol to support the minting and burning functionalities of the BRC20 standard.
Bitcoin Drops as Inflation Data Surges Higher Than Expected
Bitcoin's price has dropped nearly 3% in the last 24 hours following news that inflation in February was higher than expected. The producer price index rose 0.6% last month, indicating that inflation is not going away anytime soon. As a result, stocks, particularly tech stocks, have also dropped. Investors are hoping that the Federal Reserve will cut interest rates by May, which could cause Bitcoin's price to continue to surge.
Bitcoin contract open interest reaches $33.94 billion, a record high
According to SoSo Value data, on March 13th, the Bitcoin futures open interest reached a new all-time high. As of the time of writing, the Bitcoin futures open interest has reached $33.94 billion, surpassing the second-highest point in November 2021 of $23.04 billion. At the same time, the Bitcoin funding rates on mainstream exchanges including Binance and OKX have also reached a new high not seen since the beginning of 2023.
