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Why This Bitcoin Correction IS Very Different Than the 3 Previous Ones
Why This Bitcoin Correction IS Very Different Than the 3 Previous Ones

Institutional Crypto Research Written by Experts

10xResearch·2024/05/01 15:59
US lawmakers introduce bill to clarify taxation of staking rewards
US lawmakers introduce bill to clarify taxation of staking rewards

Reps. Wiley Nickel, D-N.C. and Drew Ferguson, R-Ga., introduced the bill on Tuesday called the Providing Tax Clarity for Digital Assets Act.

The Block·2024/05/01 15:22
Is Bitcoin price bouncing at 57K? Here's why these levels are key
Is Bitcoin price bouncing at 57K? Here's why these levels are key

Bitcoin is lingering near the $57,000 mark into FOMC, but is that the last the market will see when it comes to snap BTC price downside?

Cointelegraph·2024/05/01 14:22
‘Buy the Dip Crypto’ Searches Jump to a Two-Year High as Bitcoin (BTC) Falls to Monthly Lows
‘Buy the Dip Crypto’ Searches Jump to a Two-Year High as Bitcoin (BTC) Falls to Monthly Lows

Investors seem increasingly intrigued to enter the crypto ecosystem despite the wobbly market.

Cryptopotato·2024/05/01 12:52
Here’s When BTC Price Will Tap $500K: PlanB’s S2F Model Remains Unfazed Amid Market Correction
Here’s When BTC Price Will Tap $500K: PlanB’s S2F Model Remains Unfazed Amid Market Correction

PlanB’s S2F model predicts bitcoin hitting around $500K during the 2024-2028 period.

Cryptopotato·2024/05/01 12:52
Hong Kong spot crypto ETFs see disappointing debut, but there’s a caveat to US comparisons
Hong Kong spot crypto ETFs see disappointing debut, but there’s a caveat to US comparisons

Hong Kong’s new spot bitcoin and ether ETFs were widely considered to have a disappointing debut on Tuesday, generating just $11.2 million in combined trading volume.However, there’s an important caveat when comparing the figures against the U.S. spot bitcoin funds, according to Bloomberg ETF analyst Eric Balchunas.

The Block·2024/05/01 11:16
Flash
02:19
Prominent Trader: Strategy Selling Coins OTC, Limited Impact on Spot Price, Bitcoin Could See High of $65,600
BlockBeats News, July 7th, Renowned trader Killa (@KillaXBT) stated that Bitcoin holding above last week's closing level (around $59,000) would pave the way for a move towards $65,600. Furthermore, regarding the "Strategy's historical sale of 3,588 BTC," Killa mentioned that the Strategy did not sell through the open market but rather via institutional trades to avoid significantly impacting the Bitcoin price. This, to some extent, also explains Bitcoin's price action of a dip followed by a rebound last night. As a BTC-focused quantitative trader, Killa had predicted the peak of this bull market in May 2025 and has over 200,000 followers on Platform X. In mid-April, positioned a short on Bitcoin at $74,688 and switched to a long position during the market-wide downturn on June 5th.
02:16
Three addresses opened long positions totaling approximately $149 million in BTC and ETH
Foresight News reported, according to monitoring by Lookonchain, three addresses opened approximately $149 million worth of BTC and ETH long positions. Among them, the address starting with 0x15a4 went long 1,000 BTC (about $63.8 million) with 40x leverage; the address starting with 0x7fba went long 30,627 ETH (about $54.9 million) with 10x leverage; and the address starting with 0xe069 went long 470.4 BTC (about $30 million) with 20x leverage.
02:15
Former Chainlink member Anastasia Golovina joins Hyperliquid as Chief Communications Officer
Former Chainlink communications team member Anastasia Golovina has joined Hyperliquid as Chief Communications Officer. Anastasia Golovina has worked in the crypto industry for over 8 years.
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