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Matrixport Co-founder Warns of Market Sentiment, Predicts 15% Correction by April

Matrixport co-founder Daniel Yan issues a cautionary note on the current market sentiment, warning of potential risks ahead and predicting a 15% correction by April. He highlights concerns about market euphoria and advises investors to remain cautious, particularly in light of upcoming macroeconomic events in March.

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Bitcoin Orderbook Insights Point Towards Imminent ATHs, Analysts Say

Bitcoin Munger’s analysis of Bitcoin orderbooks reveals intriguing insights into market dynamics, with sellers shifting liquidity to the $70,000 level while sidelined buyers await lower price levels. Munger predicts imminent all-time highs as Bitcoin’s bullish momentum continues to gain traction.

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Bitcoin

Bitcoin Approaching All-Time Highs, But Retail Participation Remains Low: Analyst

Bitcoin is on the brink of reaching all-time highs, but according to analyst Miles Deutscher, retail interest in the cryptocurrency market is still notably subdued. Despite the perception that it may be too late to join the Bitcoin frenzy, Deutscher suggests that retail investors are still in the early stages of participation.

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Bitcoin and BTCUSDT chart

Bitcoin Bull Market Target Raised to $200,000, Analysts Caution for Potential Reversal

Analysts have raised their target for the ongoing Bitcoin bull market cycle to $200,000, citing a recent surge in price that breached the upper boundary of a 15-month trading channel. This adjustment reflects optimism about further growth in Bitcoin’s value. However, caution remains high as analysts warn of the cryptocurrency market’s inherent volatility and the potential for a reversal if prices dip below recent lows.

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A whale and USDT coin in the background

Suspected Justin Sun Address Moves $500 Million USDT in a Massive Whale Movement

A cryptocurrency address potentially linked to Justin Sun, founder of Tron and the Huobi Global exchange, reportedly withdrew a massive $500 million USDT from the DeFi platform JustLend before transferring it to HTX. This significant transaction, flagged by Whale Alert, has sparked speculation about Sun’s motives and potential impact on the cryptocurrency market.

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Bullish chart showing USDT and BTC logos

USDT Dominance Poised for Historic Drop Below Key Moving Average

USDT dominance could close below its 200-week moving average for the first time ever, potentially signaling a shift in power from stablecoins to riskier assets like Bitcoin.

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Bitcoin

Bitcoin Reclaims $1 Trillion Market Cap, Surpassing Corporate Giants

Bitcoin has scaled the ever-important $1 trillion market cap again, a feat last achieved in December 2021. This milestone catapults it ahead of financial giants like Walmart, Tesla, and even Berkshire Hathaway. However, experts caution that market cap might not paint the complete picture when valuing digital assets like Bitcoin.

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Wall Street and Bitcoin

Wall Street ETFs Drive Bitcoin Demand Surging Beyond Production Capacity

Wall Street Exchange-Traded Funds (ETFs) are significantly increasing their Bitcoin acquisition rates, outstripping the network’s production capacity by a factor of 12.5. This surge in demand has propelled the price of Bitcoin to a substantial $50,000, reflecting the intensified interest from institutional investors.

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Bitcoin and Bitcoin Chart

Bitcoin Hit The $50k Mark Before Retracting Above $48k After Highest Price in 2 Years

Bitcoin has achieved its highest weekly closing price since December 2021, signaling a potential resurgence in the cryptocurrency market. The milestone comes amid growing investor interest and renewed optimism surrounding Bitcoin’s future trajectory. The coin recently breached the $50k resistance and is currently at a consolidation phase above $48k.

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Third Party Leaks of Coin Listing Information will Result in Cancellation – Binance Co-Founder

Binance cracks down on insider trading with leak cancellations, $5 million whistleblower rewards, and public blacklisting for corrupt employees, bolstering exchange security and transparency.

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