Bitcoin 2024 slammed by dev for TradFi focus, Musk removes crypto emojis from X

It’s been a busy 24 hours in crypto, and it’s time for a daily debrief. Bitcoin — and most of the market — has rallied, but analysts are cautious but somewhat optimistic about what may come next. US-based spot Ether ETFs have another difficult day courtesy of meaty outflows from Grayscale’s converted ETF, which has now seen over $1.1 billion in exit it. The Bitcoin 2024 conference has gotten underway in Nashville, Tennessee, with politics taking center stage. Global asset management giant BlackRock is present at the conference, but not everyone is thrilled about it, and Elon Musk has removed the Bitcoin emoji from X, but it’s not the conspiracy you think it is!

Further reading:

• Bitcoin traders warn BTC price can still dip to $62K or ‘even lower’
• Direct client demand driving growth in BlackRock's Bitcoin ETF so far
• BlackRock foresees 'very little interest' in crypto ETFs beyond Bitcoin, Ethereum — Bitcoin 2024
• ETH ETFs launched in ‘weak market’ and could pressure Bitcoin — Analyst
• Ethereum Foundation wallet moves 92K ETH after 7 years
• Elon Musk’s X removes crypto emojis, leaving community puzzled

So, grab yourself a coffee, and let’s get into it!

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