Crypto M - Crypto News

🚀 Bitcoin's Rebound: Bear Market Bounce or Start of a Rally? Bitcoin has experienced a 7.5% rebound, rising from approximately $67,000 to over $72,000. According to NS3.AI, Glassnode suggests that this movement still aligns with a bear-market bounce unless Bitcoin can reclaim the $81,600 level. The report identifies the $69,000–$71,500 range as near-term support, with the True Market Mean at $78,000 potentially serving as the ceiling for a relief rally. Despite the recent price increase, spot demand for Bitcoin remains weak. ETF flows are showing only modest improvements, and options traders continue to pay a premium for downside protection, indicating cautious sentiment in the market. #Bitcoin#Crypto#BearMarket#Rally#PriceAnalysis#MarketSentiment#ETF#Trading#BTC

🚀 Morgan Stanley's Bitcoin ETF Achieves Record First-Day Trading Performance Morgan Stanley's newly launched Bitcoin ETF has achieved the best first-day trading performance among all of the bank's ETF products. According to ChainCatcher, the head of digital assets at Morgan Stanley highlighted this achievement and mentioned that more cryptocurrency products are in development. #MorganStanley#BitcoinETF#cryptocurrency#ETF#digitalassets#ChainCatcher#BTC

🚀 Bitcoin ETF Performance Trails Behind Gold, Analyst Observes Bitcoin's performance in exchange-traded funds (ETFs) has not matched that of gold, according to Mike McGlone. According to NS3.AI, McGlone noted that from BlackRock's IBIT debut in January 2024 through April 8, Bitcoin's value increased by approximately 50%, whereas gold saw a rise of about 135% during the same timeframe. McGlone suggested that U.S. spot Bitcoin ETFs might have marked the end of the crypto rally, attributing the previous surge in Bitcoin's price to an investment frenzy driven by ETFs. #Bitcoin#ETF#Gold#Investment#Crypto#MarketAnalysis#BlackRock#FinancialTrends#BTC

🚀 Morgan Stanley's Bitcoin Trust Launches with Strong Inflows on NYSE Arca Morgan Stanley's Bitcoin Trust (MSBT) made its debut on the NYSE Arca on Wednesday, attracting $30.6 million in first-day inflows and generating approximately $34 million in trading volume. According to NS3.AI, as of April 8, MSBT held 444.4 Bitcoin, valued at around $31.7 million, and offered the lowest fee among U.S. spot Bitcoin ETF competitors. This marks the first spot Bitcoin ETF launched by a U.S. bank. On the same day, BlackRock's IBIT led with $40 million in inflows. Data from Farside indicates that total net outflows across U.S. spot Bitcoin ETFs amounted to $124.5 million on Wednesday. #Bitcoin#ETF#MorganStanley#NYSEArca#Cryptocurrency#Finance#Investment#BlackRock#CryptoMarket#SpotBitcoin#BTC

🚀 First U.S. Spot PEPE ETF Filed by Canary Capital Canary Capital has submitted a registration to the U.S. Securities and Exchange Commission (SEC) for what could become the first U.S. spot PEPE ETF. According to NS3.AI, if the application is approved, this product would provide regulated exposure to PEPE, noted as the fourth-largest memecoin by market capitalization. #US#PEPE#ETF#CanaryCapital#SecuritiesandExchangeCommission#memecoin#marketcapitalization#NS3AI

🚀 XRP Declines 4% Amid Persistent Selling Pressure Despite ETF Inflows XRP experienced a 4% decline, settling at approximately $1.33, as selling pressure continued to mount. According to NS3.AI, this downturn occurred despite $3.32 million in ETF inflows into Ripple-linked products. The cryptocurrency faced a significant reduction in exchange liquidity and was unable to maintain a position above $1.35 after being rejected near $1.38. #XRP#Cryptocurrency#ETF#CryptoMarket#Ripple#Bitcoin#Trading#Finance