Solana

Bull Market

Bitcoin

April

Chainlink

An eight-week decline in cryptocurrency prices has finally ended, and Bitcoin’s (BTC) price has risen above $67,000 for the first time in nearly a month.
As of this writing, one Bitcoin could be purchased for $67,250, a gain of 2.8% from the previous day and approximately 10% from its low point on Monday. This fell behind the more general CoinDesk 20 index, which has gained 4.4% today and approximately 12% from its low point on Monday.
Chainlink (LINK), one of the index’s top performers, is now up 18% following yesterday’s announcement by the Depository Trust and Clearing Corporation (DTCC) of the completion of a pilot project with Chainlink and numerous major US financial institutions to help accelerate the growth index. The process of tokenizing cryptocurrency. Ether (ETH), which is up 5.3% today, and Solana (SOL), which is up 7.7%, are two other top gainers.
See also: The Bears’ Last Stand: The Price of Ether Collides with the Bull Market Trendline
This week’s economic data revealed a drop in US inflation and regulatory filings revealed unusual interest in the still-new spot Bitcoin ETF, prompting a QUICK turnaround in crypto sentiment. As of the end of the first quarter, Izzy Englander’s AUM, Millennium Management, had $2 billion in BlackRock’s iShares Bitcoin Trust (IBIT). Paul Singer, Elliott Management, $70 billion AUM, also had significant holdings in Bitcoin ETF, though they were significantly smaller than Millennium’s position. The most intriguing thing is that the Wisconsin Investment Board, which is responsible for the state’s pension funds, disclosed a $100 million investment in BlackRock’s IBIT.
For further information, see: Even though the US CPI for April was 0.3% lower than predicted, Bitcoin still managed to climb to $63.7k.

As ETH, SOL, and LINK post huge gains, Bitcoin lags behind the broader crypto market and climbs above $67K.

Blocksays

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