Daily Crypto News Mar 4: Cryptocurrency Momentum: Bitcoin's Surge, ETF Inflows, Market Shifts, and Regulatory Alerts
Bitcoin Approaches All-Time High: Bitcoin's price has soared to $65,000, now just 6 percent away from its all-time high, signaling robust market confidence and investor interest. This surge underscores the growing mainstream acceptance and bullish sentiment surrounding the leading cryptocurrency.
Record Inflows into Bitcoin ETFs: Bitcoin ETFs have experienced their second-best week in terms of inflows, indicating increased institutional and retail investment in cryptocurrency. This trend reflects a broader appetite for regulated and accessible avenues to participate in the crypto market.
Short Sellers Face Losses: Cryptocurrency short sellers are reportedly incurring significant losses due to the current market upswing. This dynamic highlights the volatility and speculative nature of the crypto markets, where swift price movements can lead to rapid gains or losses.
Marathon Mines Record Bitcoin Block: Marathon has mined the largest Bitcoin block on record, a notable achievement in the cryptocurrency mining industry. This event demonstrates the ongoing advancements and the competitive landscape within Bitcoin mining operations.
Hong Kong Regulator Warns Against BitForex: The markets regulator in Hong Kong has issued a warning against the crypto exchange BitForex, advising investors to exercise caution. This warning highlights the ongoing regulatory scrutiny and concerns regarding the operation and transparency of cryptocurrency exchanges.
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News Links π
https://decrypt.co/220030/bitcoin-65000-now-6-percent-away-from-ath
https://blockworks.co/news/bitcoin-etf-second-best-inflows
https://blockworks.co/news/crypto-short-sellers-losing-per-minute
https://unchainedcrypto.com/marathon-mines-largest-bitcoin-block-on-record/
https://decrypt.co/220044/pepe-dogecoin-bonk-meme-coin-gains
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