💰 Bitcoin bounces beyond $64,000 as records beckon

Bitcoin scaled a two-year high on Monday, breaking $64,000 as a wave of money carried it within striking distance of record levels. It touched $64,285 early in the Asian day, its highest since late 2021, and was last 2% firmer for the session at $63,850. Bitcoin's record high is $68,999.99 set in November 2021. The largest cryptocurrency by market value has gained 50% this year and most of the rise come in the last few weeks where trading volume has surged for U.S.-listed bitcoin funds.

💰 4% of the entire bitcoin supply is now backing US spot ETFs

The recently listed spot bitcoin exchange-traded funds in the United States continue to vacuum up bitcoins — now holding roughly 4% of the entire 21 million supply. Yesterday, total net inflows into U.S.-listed spot bitcoin ETFs were $472.6 million, according to data from BitMEX Research. At the same time, Fidelity's FBTC spot bitcoin ETF saw a record single-day net inflow of $473.4 million.

💰 Bitcoin Hashrate reached a new ALL TIME HIGH of 636,000,000,000,000,000,000 hashes/s this week

Miners won't and can't stop bringing hash online ahead of the halving!

💰 Marathon CEO explains the financials of landfill methane gas Bitcoin mining ⛏

“With methane landfill gas, it’s coming out of the ground all the time, so you can mine 24/7.”

- Fred Thiel

🪙 Ethereum Sees Notable Rise In Daily Activity

Ethereum’s network has seen notable growth recently in both daily active users and daily transaction volume, yet the price of ETH, Ethereum’s native cryptocurrency, has undergone corrections in the past few days. Notably, Ethereum is down by over 10% in the past seven days, underperforming Bitcoin and the S&P 500. While this decline can be felt through the majority of large cryptocurrencies in the industry, the number of daily active Ethereum addresses has been steadily rising over the past month.

🌐 The coins recently reached a new ATH.

💰 Bitcoin Miners' Earnings Hit Record $2 Billion in March Ahead of Halving Event

In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month.

💰 Pro-Bitcoin presidential candidate RFK Jr. says he will "put the entire US budget on blockchain" if elected in 2024.

🇪🇺 European Banking Giant Embraces BlackRock’s 💰 Bitcoin ETF

BNP Paribas, the second largest bank in Europe, took a major step in the digital asset market by buying BlackRock’s Spot Bitcoin ETF shares. According to a recent 13F filing with the U.S. Securities and Exchange Commission (SEC), BNP Paribas bought 1,030 IBIT shares of BlackRock during the first quarter of 2024. Furthermore, the multinational bank spent over $40.47 per share, totaling $41,684 for the acquisition. This amount is lower than the price of a single bitcoin, which is currently trading at over $58,000.