Crypto markets have been absolutely unhinged these past three days. Just when investors thought they could kick back and enjoy some market calm right around the upcoming halving, geopolitical rumblings in the Middle East erupted and sent Bitcoin into a tailspin. Prices took an 8% nosedive as conflict headlines flashed across the wires, reminding everyone that not even the OG crypto is immune to global unrest. But then Hong Kong played the role of crypto's ray of sunshine. In a power move asserting the city's ambitions to become a premier digital asset hub, regulators approved not just one, but two spot Bitcoin and Ethereum ETFs. The news sent Bitcoin back to 67K within a matter of minutes. Many of us are just trying to keep up with this market's bipolar momentum swings over the last 72 hours. And believe it or not, that's just the half of it! Here are the top headlines from the past 24 hours: |
- Spot BTC and ETH ETFs approved in Hong Kong. How much capital are we expecting to flow into the crypto market? 🚀
- Geopolitical chaos sends Bitcoin and the whole crypto market into the red, but which alts got hit hardest? 🔴
- Solana's wild price swings wrecked over $85M in leveraged futures trades. But what exactly triggered it? 👀
- Legacy finance is ditching private chains to build on public blockchains like Ethereum, but what's driving this change? 💰
- Berachain raises a staggering $100M, but can it really take onEthereum and Solana? 🤔
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Let's dive into the details! |
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| | GLOBAL MARKET CAP | | 2.41T | | 4.7% (24h) | | | 24H MARKET VOLUME | | $116.17B | | -34.14% (24h) | | |
| | BITCOIN'S DOMINANCE | | 53.84% | | -0.81% (24h) | | | FEAR & GREED INDEX | | 65 | | Greed | | |
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Data as of: 15 Apr 2024 11:50 UTC |
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 | TOP GAINERS | 24H% | | | | | | | | |
|  | TOP LOSERS | 24H% | | | | | | | | |
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Spot BTC and ETH ETF Approvals |
In a decisive power move solidifying Hong Kong's crypto hub ambitions, regulators have approved spot Bitcoin and Ethereum ETFs. The double-barreled ETF approvals see prominent local financial giants China Asset Management, Bosera Capital, and HashKey Capital all earning the blessings to roll out funds for the two leading cryptocurrencies. This is the kind of development that instantly gives Hong Kong an edge in the regulated crypto space. After all, while the U.S. cracked open the door for a spot Bitcoin ETF earlier this year, American regulators have remained painfully cagey about extending those privileges to Ethereum. Hong Kong, on the other hand, is enthusiastically embracing both marquee crypto assets at the highest regulated product levels. But why is it a big news? How much capital are we expecting to flow into the crypto market? Read the full story! |
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It seems like Bitcoin just caught itself in the crossfire of some major geopolitical tension in the Middle East. And when the world gets a little shakier, even our favorite digital currency isn't immune to taking some hefty blows. The drama unfolded swiftly as reports trickled in about fresh clashes in the Middle East. Within minutes of those conflict headlines making global rounds, Bitcoin found itself on the receiving end of a severe 8.4% price pummeling. But Bitcoin's anguish was just the tip of the iceberg. The unfortunate shockwaves quickly rippled across the entire crypto market. Which coins experienced the most damage? Read the full story! |
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Countdown to the next Bitcoin Halving with CoinMarketCap! |
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As we eagerly await the game-changing 4th Bitcoin Halving, let's grasp this opportunity to reflect on the compelling journey that Bitcoin Halvings have taken us on so far. To set the mood for this landmark event, we invite you to explore our latest article, 'Bitcoin Halving History: A Look Back in Time'. Which offers an insightful analysis of the market effects and investigates what difference a $100 investment in Bitcoin during each halving period would have made. |
Make sure to visit our Website to countdown the Bitcoin Halving with CMC. Tweet a prediction on what the ATH Bitcoin-Price will be this cycle to win our USDT prize-pool! |
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Solana Faces Swinging Open Interest |
Solana's week of breakneck price swings hasn't gone unnoticed in the futures market either. As the high-speed blockchain's SOL token took a jaw-dropping 30% beating earlier this week, over $85 million in leveraged long positions got liquidated in the carnage. Solana's aggregate open interest across major crypto derivatives exchanges plunged over 21% from April 12th to 13th as the price plunge from $172 to $117 caught way too many bulls by surprise. So all because of the geopolitical tension? Did the HK spot ETF approval help crypto prices? Read the full story! |
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Legacy Finance Ditches Private Chains |
The traditional finance elites aren't just buying into blockchain anymore - they're going full send into the public chains that kickstarted the crypto revolution. Celisa Morin, a veteran making waves on both the legal and crypto frontiers believes titans like BlackRock and Franklin Templeton are spearheading an aggressive pivot from the once-assumed path of closed, private blockchain buildouts. Their new renegade mantra? If you can't beat the public chains, it's time to join them and get tokenizing. BlackRock's $288 million "BUIDL" investment vehicle staked directly on Ethereum is the headliner here. What other major development made Morin make this statement? Read the full story! |
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Monday, 15 Apr on 3PM UTC |
| Join CMC's Research Lead, Alice, as she shares crucial insights for the upcoming week ahead. |
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The layer-1 blockchain battlegrounds are heating up, and a new contender just secured a hefty $100 million to rival Ethereum, Solana and their multi-chain challengers. Berachain, built atop the powerful Cosmos ecosystem, executed a massive Series B funding round led by Brevan Howard Digital and Framework Ventures. But why does it matter? And why did it raise this huge amount of funds? Read the full story! | |
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And that's a wrap. We will be back with more updates! |
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