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As risk appetite decreases in global markets, Bitcoin has fallen below $63,000. The acceleration of sales in the cryptocurrency market has also weakened investors' expectations regarding the altcoin #MyGateTradeStory season.

According to analysts, the sole reason for the pressure on Bitcoin is not the options market. This downward trend in BTC is caused by the strengthening US dollar following hawkish statements from the Fed, continuous outflows from spot BTC ETFs, and concerns related to MicroStrategy #MyGateTradeStory (MSTR).

#GateSquareMayTradingShare After its strong rise beyond $80,000, today’s drop surprised the crypto market. Bitcoin, which fell 1.37% in the last 24 hours, is trading at $80,210 with a slight recovery at the time this article was written.$BTC

Following the messages from ABD stating "tension will not escalate," the decline in the dollar and oil prices increased risk appetite in the crypto market. The leading cryptocurrency Bitcoin settled above $82,000, and the market quickly shrugged off short-term selling pressures, turning green.

In recent hours, the list of the most searched altcoins in the cryptocurrency market has attracted attention, and investors are turning their focus to these coins in the new week. Especially, Solana's initiation of resistant transaction attempts against quantum computers stands out as a positive development; however, the major issues encountered during the process create uncertainty. In the coming days of the week, a large amount of token unlocks for 16 altcoins are expected to occur, which could lead to significant volatility in the markets#GateSquareAprilPostingChallenge

The security of Bitcoin has been considered quite robust so far due to its reliance on elliptic curve cryptography. However, recent developments in quantum computing are beginning to seriously undermine this security approach. The process of deriving private keys, which is practically impossible with classical computers, could become a real attack method once a sufficiently powerful quantum computer emerges.#GateSquareAprilPostingChallenge

Despite the weak performance in the first quarter, Bitcoin in March performed better than many expected.
The tensions between the US-Israel and Iran caused a shock in global markets in March, prompting investors to react to supply risks and rising costs, leading to increases in oil prices and the dollar.#GateSquareAprilPostingChallenge

Bitcoin, despite the war between the US/Israel and Iran in March, outperformed stocks and precious metals.
In recent months, while individual investors have been panic selling Bitcoin, long-term investors continue to stay resilient.
Towards the end of March, hopes for a ceasefire in the Middle East somewhat prompted investors to move towards riskier assets.

Bitcoin's anonymous creator Satoshi Nakamoto is believed to own the long-dormant BTC, which could pose a serious security risk. In particular, the development of quantum computers raises concerns about the potential hacking of these wallets.
It is estimated that Satoshi Nakamoto owns approximately 1.1 million BTC. This amount accounts for about 5% of the total supply. It is suggested that Satoshi's Bitcoin holdings are large enough to potentially cause a supply shock in the market.

Continuous net Bitcoin outflows from exchanges may indicate a weakening of potential selling pressure in the spot market. If net outflows continue without significant inflows over the next 3 to 5 days, it is suggested that this could be interpreted as a sign of "ongoing accumulation."

Unlike Bitcoin miners, individuals who mine on Pi Network are called Pioneers. Users who want to mine on Pi Network need to press a button in the app every 24 hours. Pi Network claims to have simplified the mining process for users. The Pi Network app can be downloaded on Android and iOS phones.

#BitcoinHitsOneMonthHigh Ripple XRP attracts investors' attention with its unique payment system mechanism. It wouldn't be wrong to say that it is considered more trustworthy compared to other cryptocurrencies.$XRP

It was reported that approximately 3.4 million ETH are waiting in line to join Ethereum's validator set, indicating a current accumulation that points to a queue of about 60 days. The figure represents a significant increase compared to the approximately 904,000 ETH level at the beginning of January. This rise demonstrates a rapid increase in staking demand across the network.

#TrumpMeetsMerz Bitcoin rises to as high as $71,883, marking a 5.6% increase and reaching a three-week high. Currently, it is up 4.3% from yesterday at $71,004. Ether, meanwhile, has increased by 6% to $2,086, approaching a one-week high. At the moment, it is at $2,050.50, up 4.15% from yesterday.$ETH

When averaging the answers given to all questions, Bitcoin ranked first with 48.3%. In the question asked to agents about “long-term purchasing power preservation,” Bitcoin overwhelmingly ranked first with 79.1%.
Regarding payments, stablecoins...
In terms of payments, the most discussed cryptocurrencies recently are stablecoins, which ranked first. When it comes to “services, micro-payments, and cross-border transfers,” AI agents preferred stablecoins with 53.1%. Bitcoin received 36% of the votes.

#USIranTensionsImpactMarkets In the cryptocurrency market, a sharp sell-off led to the liquidation of over $2.5 billion in leveraged positions within 24 hours. Bitcoin retreated to $75,000, while Ethereum dropped to $2,200.$ETH

As of 2024, approximately 20 million Bitcoins are in circulation. When the number of Bitcoins in circulation reaches the 21 million supply cap, the protocol will no longer issue new Bitcoins. It is expected that the circulating supply of Bitcoin will reach the maximum supply limit of 21 million tokens around the year 2140.