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samiREKT

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Gate.io Launches the 2024 Annual Report
If 2024 were a match,
Would you be the MVP?🏆
Check your
#Gate.io Annual Report 👉https://www.gate.io/your-year-in-review?ref=VVcSBgwO&ref_type=126
Win a signed Inter jersey
Review your highlight moments
See who is the real "Top Wealth Scorer"
#Gate.io Annual Report 2024
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#Altcoins
Can't understand why people panic so much at the moment.
-Altcoins have been doing a perfect wyckoff accumulation for YEARS🎯
-Currently in the retest-phase of a descending broadening wedge🎯
We'll see much higher levels this year imo
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#GateioInto11
Happy 11th Anniversary
JUST IN: Kabosu, the dog from the Dogecoin meme that inspired $DOG E and Shiba Inu has passed away.
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The share of Bitcoin traded during US hours (13H-20H UTC time) reached an all-time high in 2024, accounting for 46% of the cumulative volume in April. The data suggests this could be linked to the launch of the spot ETFs in January
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Digital asset investment products saw inflows for the second week totalling $932m. The inflows were an immediate response to the CPI report, with the latter 3 trading days of the week making up 89% of the total flows
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Bitcoin’s 90-day correlation with US equities rose to 0.17 last week, after reaching a multi-year low of just 0.01 in March.
Overall, Bitcoin’s correlation with risk assets remains well below its bull market highs of over 0.6
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On May 8, the total net inflow of Bitcoin spot ETF was $11.5409 million. Grayscale ETF GBTC has no inflows and outflows. Bitwise ETF BITB saw a single-day net inflow of $11.5409 million. The total net asset value of Bitcoin spot ETFs is $51.504 billion
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Digital asset investment products saw outflows for the fourth consecutive week totalling $251m. This week marked the first week to see any measurable outflows from the newly issued ETFs in the US.
Spot ETFs in Hong Kong saw $307m inflows in the first week of trading
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Since the beginning of March, there has been a sharp rise in ETH staking outflows (dark blue)
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Yesterday, Bitcoin spot ETFs saw $120m net outflows. BlackRock's IBIT saw $0 inflows, ending streak at 71 days
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Flows for Bitcoin ETFs on 4/22: inflows of +$62 million & 936 $BTC
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🎆 Bitcoin completed the 4th Halving event several hours ago
Bitcoin prices at previous halvings:
- 2012: $12
- 2016: $660
- 2020: $9,000
- 2024: $64,000 📍
The halving has reduced miners' rewards from 6.25 BTC to 3.125 BTC, effectively lowering Bitcoin's future inflation rate. This milestone underscores the ongoing impact of Satoshi Nakamoto's groundbreaking creation.
We are experiencing a truly historic moment. Let's take advantage of this opportunity and anticipate even more remarkable developments from Bitcoin and other cryptocurrencies during the upcoming bull cycle 🚀
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JUST IN: 100 blocks remain until Bitcoin halving.
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Bitcoin’s most explosive gains are typically post-halving
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UK to issue new crypto, stablecoin legislation by July, minister says
Crypto exchange monthly spot volume doubled in March, reaching nearly $2.5 trillion for first time since 2021
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👀 Could the halving and increased adoption lead to a new all-time high (ATH) for Bitcoin?
Haven't joined the Bitcoin revolution yet?
😁 Get started with your first $BTC here: https://www.gate.io/trade/BTC_USDT
#Gateio BTC #CryptocurrencyFuture
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