Ethereum

Bitcoin ETF

Bitcoin

Time

Coin

<p>The countdown is on as the Bitcoin Halving approaches, expected in less than 10 days, and just 1513 blocks away from cutting all miner rewards in half. The bullish momentum and fervor that filled March has hit a state of torpor, witnessing Bitcoin (BTC) fall from roughly $72,122 to as low as $68,212 on the day, <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">according</a> to CoinMarketCap.</p>
<h2 class="wp-block-heading" id="harbinger-hayes-heralds-slump">Harbinger Hayes Heralds ‘Slump’&nbsp;</h2>
<p>Entrepreneur and crypto enthusiast Arthur Hayes <a href="https://cryptohayes.substack.com/p/heatwave" target="_blank" rel="noopener noreferrer nofollow">posted</a> on Substack April 8, forecasting a fall in the price of BTC and other crypto “before and after” the BTC halving event.&nbsp;</p>
<p>“When most market participants agree on a certain outcome, the opposite usually occurs. That is why I believe Bitcoin and crypto prices in general will slump around the halving.”&nbsp;</p>
<p>Hayes referred to the positive narrative surrounding the BTC halving event as “well entrenched” despite occurring during a cost-of-living crisis. He added that this would “add propellant to a raging firesale of crypto assets.”</p>
<h2 class="wp-block-heading" id="vaneck-ceo-expresses-ethereum-etf-pessimism">VanEck CEO Expresses Ethereum ETF Pessimism</h2>
<p>Despite Bitcoin ETFs soaring through Q1, 2024, Ethereum ETFs might not receive the same warm welcome as expressed by the CEO of Bitcoin ETF issuer VanEck, Jan Van Eck.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>“We were the first to file as well for Ethereum in the U.S., and we and [Ark Invest CEO] Cathay Wood, are kind of the first in line for May, I guess, to probably be rejected,” Eck <a href="https://www.cnbc.com/2024/04/09/bitcoin-etf-issuers-sec-wont-approve-ether-eth-exchange-traded-fund-.html" target="_blank" rel="noopener noreferrer nofollow">told</a> CNBC.&nbsp;&nbsp;</p>
<p>In March, the Securities and Exchange Commission (SEC) <a href="https://fortune.com/crypto/2024/03/20/sec-gary-gensler-ethereum-security-commodity-crypto-foundation/" target="_blank" rel="noopener noreferrer nofollow">reignited</a> its intent to classify Ethereum (ETH)as a security. Bitcoin’s commodity status has long been established, but for now, ETH’s security status remains shrouded in ambiguity until proven innocent.&nbsp;</p>
<h2 class="wp-block-heading" id="market-begins-pre-halving-bleed">Market Begins Pre-halving Bleed</h2>
<p>Over the last 24 hours, market sentiment has u-turned as profit-taking occurs, and the market begins to bleed pre-halving as tax season approaches. Notable declines in price among the top five cryptocurrencies include BTC, ETH, Solana (SOL), and Binance Coin (BNB).&nbsp;&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="334" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-462-1024x334.png" alt="" class="wp-image-471587" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-462-1024x334.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-462-300x98.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-462-767x250.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-462-1536x501.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-462-2048x668.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-462-460x150.png 460w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-462-100x33.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-462-1073x350.png 1073w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-462-788x256.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-462.png 1377w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>X user Rekt Capital (RC) commented on BTC price rejection of the $71,3000 resistance. Having broken below what RC highlights as “old All Time Highs as support”, consolidation between the two levels he specifies seems unlikely.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> is rejecting strongly from the blue $71300 resistance<br><br>However, still holding the old All Time Highs as support (black)<br><br>Unless this old ATH Range Low gives way, Bitcoin is consolidating in between these two levels<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/Nyc83Sqla4" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Nyc83Sqla4</a> <a href="https://t.co/veaZMfJZmX" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/veaZMfJZmX</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1777715169814102020?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In conclusion, the sentiment shift in the cryptocurrency market today can be attributed to a number of factors, each pushing optimistic investors towards bearish outlooks. As the crypto community continues to seek an equilibrium amid the mixture of opinions, all eyes remain on the BTC halving — set to arrive by April 20.&nbsp;</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-the-crypto-market-down-today-24/" rel="noopener noreferrer nofollow">Why is The Crypto Market Down Today?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is The Crypto Market Down Today?

目次

CaptainAltcoin

2024年4月9日公開の他の記事

Court Finds Terraform Labs Guilty of Defrauding Crypto Investors

Recent Developments in Cryptocurrencies

Ethereum Decreases More Than 3% Within 24 hours

9.6 Billion Dollar Lawsuit from Former Ethereum (ETH) Advisor to the US Government!

Options Traders Gear Up for Bitcoin Halving: Bullish Bets Prevail

Book of Epstein (BOE) to Deliver 1,500% Returns By Wednesday After Launch Amid SHIB and DOGE Stru...

ニュースレターを購読して暗号資産の最新情報を毎日入手！