Bitcoin Price Hits All Time High Above $69,000 in 846 Days – Spot Bitcoin ETFs Set Record with Trading Volume Over $10 Billion

Bitcoin Price Hits All-Time High Above $69,000 After 846 Days

28 months later, the price of Bitcoin exceeded $69,000. It reached this level by gaining 346% in value from $ 15,000 since the 2nd quarter of 2022. This year alone, there was an increase of 70%. The FTX collapse and Luna crisis were behind the decline, but it continued to increase due to the approval of ETFs and the halving year.

Spot Bitcoin ETFs Break Record with Transaction Volume Exceeding $10 Billion

A record of $10 billion transaction volume was broken in spot Bitcoin ETFs traded in America, with Bitcoin testing its all-time high. According to data from Bloomberg ETF analyst Eric Balchunas, IBIT, FBTC, BITB and ARKB broke their own trading volume records. Additionally, among all ETFs traded, IBIT ranked fourth with a trading volume of $3.8 billion.

Solana-Based DePIN io.Net Reaches $1 Billion Token Valuation in Latest Funding Round

DePIN, the io.net-based decentralized infrastructure network, reached a token valuation of $ 1 billion in the funding round. $30 million was raised in the series A financing round led by Hack VC, with the participation of Multicoin Capital, 6th Man Ventures, Solana Ventures, OKX Ventures, Aptos Labs, Delphi Digital, The Sandbox and Sebastian Borget. Investors’ tokens will be locked for one year. The launch of the IO token is scheduled for April 28.

Ubisoft Brings ‘Watch Dogs’ NFTs to Ethereum Card Game Cross the Ages

An announcement on Ubisoft’s official Discord account stated that cards based on the Watch Dogs video game will be available for purchase in Cross the Ages on April 3. There are three open world Watch Dogs games released for PCs and consoles so far. Although each focused on different personalities and environments, themes such as the proliferation of surveillance and the capacity to use technology for personal gain tied them together. Cross the Ages managed to receive investment from Ubisoft and Square Enix, the producer of Final Fantasy, after a $12 million investment round. Cross the Ages is an NFT card battle game on Immutable X. The game is available on IOS, Android, PC and macOS.

Friend.tech Investors Give Users Full Token Control

Friend.tech users are making assumptions about a possible revival due to the expectation of an upcoming airdrop, despite negative feedback and a decline in trading activity. The community reacted positively to Friend.tech’s announcement that users will now have full control over their tokens.

New Crypto Staking Fund from Grayscale

Grayscale announced that it has launched a new crypto fund based on staking. There will initially be nine cryptocurrencies in the Grayscale Dynamic Income Fund (GDIF), according to the company’s statement on Tuesday. These cryptocurrencies include cryptocurrencies such as APT, SOL, NEAR, ATOM and DOT. “GDIF, our actively managed fund, enables investors to participate in multi-asset staking,” Grayscale CEO Michael Sonnenshein said in a statement. said.

Blockchain Based Payment System from BRICS

BRICS announced the creation of a blockchain-based payment system. The new payment system offered by BRICS will serve as an independent system for trade payments. This development was announced by Russia, which assumed the BRICS term presidency on January 1, 2024, in an interview given to the Russian news agency TASS through Kremlin deputy Yury Ushakov. Ushakov stated that the system can be used by governments, businesses and individuals. The BRICS group includes nine countries, including India, Russia, South Africa, Brazil and China.

Fetch.AI Invests $100 Million in Artificial Intelligence Blockchain Technology

Fetch.AI announced it has secured $100 million in infrastructure development funding to launch Fetch Compute. Fetch Compute will leverage Nvidia’s H200, H100 and A100 GPUs to create a platform for developers and users to effectively utilize computing power. This initiative aims to facilitate the discovery of complex models and solutions.

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BITCOIN(BTC)

As of the morning hours, BTC is priced at $66,244 with a 3.99% gain in value. There was an increase to $69,000 yesterday evening, but from there there was a sales pressure and a decline to $59,000. $66,300 is a minor resistance zone, and as long as it is priced above it, it can reach the ATH level again. If it is rejected in this area, a withdrawal of up to $60,000 may occur again.

ETHEREUM(ETH)

As of the morning hours, ETH is priced at $ 3760 with a 5.82% gain in value. After a break above $3525, it traded as high as $3822. Exceeding the 3800 level could trigger a massive rise to $4000. If the $3600 zone breaks down permanently, the $3400 and $3200 levels could act as support. If it gets a reaction from these levels, it may push the $4000 level again. However, if there is a retreat due to possible news, the decline may deepen to the range of 3000 and 2800 dollars.

RIPPLE(XRP)

As of the morning hours, XRP is priced at $0.6047 with a 2.20% gain in value. After the general rise, it entered the horizontal band again and made a retest in the middle part of the horizontal band. From here it seems to have received a downward reaction again. The first support level is $0.58, and if there is an upward reaction from this level, we may see a rise up to $0.72. If there is a downward break from this level, a retreat to $0.55 may occur again.

AVALANCHE(AVAX)

AVAX is priced at $40.41 with a 2.50% gain in value as of the morning hours. The $40 level was a critical resistance point, and after breaking this level, prices rose to $45. However, this rise did not last long and the price fell back to $ 36. However, this level worked as a strong support and the price rose as high as $40. $40 currently appears to be a major support point. Prices above $40 may cause increases up to $50. However, if there is a large break below $ 40 and persistence is achieved, there may be a withdrawal to $ 36 again.

SOLANA(SOL)

SOL is priced at $127.66 with a 1.72% gain in value as of the morning hours. When we examine the daily chart, we see that there was a downward movement to the $ 105 region with the movement experienced yesterday, but the daily closing was at the level of $ 125. SOL, which is traded above the $ 120 level that we have followed as the support zone, may test the $ 135 level if this movement continues. In case of a withdrawal, the $ 120 level appears as an important support zone.

CHAINLINK(LINK)

LINK, which gained 2.44% in value as of the morning hours, is priced at $ 19,400. When we examine the four-hour chart, we see that the $18 support zone, which is the support zone, was tested with the withdrawal movement and an upward reaction was received from this zone. If this movement continues, the $20 and $20,670 levels appear as resistance. In case of a withdrawal, the $19 level can be followed as support.

UNI
UNI is priced at $14.4 with a 9.11% gain in value as of the morning hours. When we examine the four-hour chart, we see that the resistance levels of $ 12.86 and $ 13.50 were passed. If this movement continues, the $15 level may be tested. In case of a withdrawal, the $ 13.50 level can be followed as support.

FET

As of the morning hours, FET is priced at $1.8710 with a 7.85% gain in value. When we examine the four-hour chart, we see that the resistance zone at $1.94 is important. In case of a breakout, $2 can be tested. In case of a pullback, the $1.80 level may be tested.