US Senator: Bitcoin is a reliable option to protect consumer rights
US Senator Marsha Blackburn answered some questions about Bitcoin at a Bitcoin policy summit on Tuesday. The senator was asked what attracted her to Bitcoin, given her background in advocating for consumer rights and privacy. Marsha Blackburn replied, "Bitcoin has many attractive features for me. Firstly, when you talk about freedom and privacy, Bitcoin allows individuals to enjoy these. In addition, Bitcoin's decentralized nature, without government intervention, is also important for people." Currently, one of the hot issues on Capitol Hill is raising credit card fees. People are beginning to pay attention to how expensive it is to use credit cards. Therefore, this provides them with another option, which relieves them of the burden of paying heavy card fees. The senator pointed out that she has "been committed to consumer rights and consumer protection issues for many years," and emphasized that Bitcoin "is a very good and reliable choice." As we move forward, people are becoming more and more familiar with Bitcoin, and more and more accustomed to using it. There will be more transactions accepting Bitcoin as a payment method in daily life. Bitcoin is a reliable choice for protecting consumer rights and consumers.
Bitcoin recovers above $69,000
According to market data, Bitcoin has risen above $69,000, currently trading at $69,003.52, with intraday losses narrowing to 3.12%. The market is volatile, so please be prepared for risk control.
Heatwave
The Bitcoin block reward is forecast to halve on April 20th. This is seen as a bullish catalyst for crypto markets. I agree that it will pump prices in the medium term; however, the price action directly before and after could be negative. The narrative of the halving being positive for crypto prices is well entrenched. When most market participants agree on a certain outcome, the opposite usually occurs. That is why I believe Bitcoin and crypto prices in general will slump around the halving.
BTC Q1 Status Report: Inscription transactions and fees fell 40% and 60% month-on-month, halving will bring Runes token protocol and Epic launch
Messari has released its Q1 2024 Bitcoin State of the Market report, which shows that BTC's price has increased by 69% to $71,310 compared to the previous quarter, reaching a new historical high in April as the new halving cycle approaches. The success of spot BTC ETFs is a driving factor in the price trend, with over $12 billion in inflows in the first quarter. Spot BTC ETFs currently hold 831,000 BTC, or $59 billion. Transaction fees and costs have decreased by 40% and 60% respectively. However, NFT exchanges still have daily sales of over $10 million. The April halving will bring the launch of the Runes token protocol and Epicsat. Miner income (in USD) has increased by 34% compared to the previous quarter, and miners are exploring glyphs and MEV as additional sources of income. Some miners have already conducted bulk sales to meet the needs of Ordinals builders. The TVL of programmable Bitcoin layers has increased by 127% compared to the previous quarter. Dozens of new layers are being built to expand Bitcoin and increase its programmability, with many layers exploring BitVM-based bridging and state verification.
Bitcoin Cats launches upgraded 1CAT staking and points system
Bitcoin ecosystem GameFi platform Bitcoin Cats announced the launch of an upgraded $1CAT staking and points system. Users can earn points by staking 1CAT assets, which will determine eligibility for future airdrops. After staking 1CAT assets, users will gradually accumulate points in five stages: 24 hours, 7 days, 30 days, 90 days, and 360 days, each corresponding to a different points multiplier.
QCP Capital: Market sentiment is turning bullish on Bitcoin
QCP Capital, a crypto market maker, stated in their latest market report that despite limited fluctuations in Bitcoin prices over the past week, market sentiment is turning bullish on Bitcoin due to the following five reasons:
Binance ends support for Bitcoin Ordinals
Binance NFT marketplace will cease supporting trades and deposits of Bitcoin Ordinals on April 18.
The Fall of Anti-Bitcoin
As I’ve said many times before. Everyone and every nation will eventually capitulate to Bitcoin. The latest nation to capitulate is Great Britain, whose army of anti-Bitcoin propagandists has just received orders from The Motherland that Bitcoin is to be fully embraced.
Bitcoin L2 network Mirror Staking Protocol testnet has been launched
The Bitcoin L2 network Mirror Staking Protocol announced that its testnet is now online.
BlackRock’s IBIT holdings have exceeded 252,000 Bitcoins, with a market value approaching US$18 billion
According to official data from BlackRock, as of March 28th, the holdings of its physical Bitcoin ETF, IBIT, have reached 252,011.4093 BTC, with a market value of approximately $17,832,735,583.58, setting a new historical high. The current number of circulating shares has risen to 440,040,000.
