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Get informed as you learn all about the world of Cryptocurrencies from TruBit. We have a summary of everything that has happened in this world of digital finance, so don't miss the Cryptocurrency News with TruBit.

🔻 Bitcoin Price Falls to $61,000. Can Bitcoin Hit New High Before Halving? | TruBit Pro Mar. W4

💸 Bitcoin ETFs See Historic Outflows: A Market Shift or Temporary Dip

Bitcoin ETFs have gone through four straight days of withdrawals, a new record in their brief ten-week span, with a total of $836 million leaving this week, adding up to $1.8 billion in the last four days. These outflows overshadow the previous weeks' significant inflows, despite BlackRock's and other funds drawing hefty investments. The largest withdrawals were from the Grayscale Bitcoin Trust ETF (GBTC), peaking at $642 million on Monday, exceeding the $452 million that flowed into the rapidly expanding iShares Bitcoin Trust (IBIT). This withdrawal trend aligns with Bitcoin's price falling from a record high above $73,000 to around $61,000, although it has seen a partial rebound. As more brokerage firms begin supporting spot Bitcoin ETFs, there's a growing optimism among industry experts for new investments, possibly narrowing the gap between traditional finance and the cryptocurrency markets. Also, in the past week, we see

Bitcoin rallies as Fed takes a breather on rate hikes
Bitcoin bull predicts $100K before the halving
BlackRock now hodls memecoins and NFTs

Despite notable price swings, the increasing use of Bitcoin by both individuals and companies, along with its blending into mainstream finance, hints at the potential for its value to hit new highs by 2024.

💡 Bitcoin Insights

This week, Bitcoin experienced a period of adjustment, aligning with the predictions made earlier in the week. It is expected that the coming week will not present a clear directional trend; rather, the probability remains high for continued fluctuations and consolidations. Keep an eye on the $60,000 mark as it's a key support level during this phase of price consolidation. If the price approaches $60,000 again, there's a good chance we'll see the market show strength with a potential recovery bounce. It's important to keep an eye on these changes. Currently, it seems like Bitcoin is beginning to stabilize around $60,000, but we'll need a week or two to make sure this trend holds.

🚀 Fed's Rate Strategy & BlackRock Dives into tokenized fund

In March, the Federal Reserve held interest rates steady, meeting market expectations and adhering to its forecast of three rate cuts within the year. Fed Chair Jerome Powell underscored that robust employment would not prevent rate reductions, stressing the importance of additional data to confirm a move towards the central bank's 2% inflation target. The market reacted positively, with significant gains in major indices, reflecting confidence in the Fed's supportive stance amid its efforts to balance inflation control, economic growth, and job market strength.
BlackRock has launched its first Ethereum blockchain-based tokenized fund, BUIDL, aimed at qualified investors for earning US dollar yields, marking a significant step in blending traditional finance with digital asset innovation. Initially funded with $100 million USDC, the BlackRock USD Institutional Digital Liquidity Fund partners with Securitize for investor subscriptions and features blockchain benefits such as immediate settlement. The initiative also coincides with BlackRock's pursuit of regulatory approval for a spot Ethereum ETF, highlighting its leadership in merging traditional and digital asset spaces.

🌐 Argentina Tightens Crypto Rules & BRICS Build New Digital Payment System

The Argentinian National Securities Commission (CNV) is setting up new rules to oversee cryptocurrency platforms, following a recent mandate by the Argentine Senate. This move, aimed at aligning with international Financial Action Task Force (FATF) standards, will involve creating a registry for crypto services, requiring them to obtain operating licenses to bolster anti-money laundering efforts. This comes as crypto usage in Argentina grows, partly due to high inflation and diminishing confidence in the local currency, the peso. The CNV's initiative seeks to balance market growth with regulatory compliance, amid FATF warnings that Argentina risks being placed on its "grey list" for lax crypto controls.
The BRICS countries are working together to set up a new payment system based on blockchain technology, aimed at making international transactions easier and less expensive. This system will use digital currencies to help these countries rely less on the US dollar for global trade. The plan, revealed by a Kremlin official, is part of a larger goal to give these nations more control over their financial dealings. The idea was supported during a recent meeting in Johannesburg, where leaders discussed making cross-border payments better and using their own currencies more in trade. This initiative is not just about saving costs but also about connecting governments, businesses, and people in a straightforward way that avoids political complications. The BRICS group, which started with Brazil, Russia, India, China, and South Africa, is expanding, with new members like Egypt and the UAE, and potentially Saudi Arabia, showing interest in joining. This move could significantly change how money moves around the world, especially for these growing economies.

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📉 Riding the Wave: Bitcoin Shakes Up the Crypto Market | TruBit Pro Mar. W3

🚀 Bitcoin Reach ALL Time High to $70K, Ethereum Rockets Past $4K! | TruBit Pro Mar. W2

📢 Bitcoin trade over 63K! Bull Market Signals Begin for Crypto 📈 | TruBit Pro Mar. W1

✨ Ethereum Hits $3K: Buzz Over ETFs & Surge in AI Cryptos | TruBit Pro Feb. W4

🔥 Bitcoin Breakthrough: Hitting New Highs Beyond $52K | TruBit Pro Feb. W3

💥 Bitcoin Boom: Surpassing $48,000, BTC Setting New Milestones 🚀 | TruBit Pro Feb. W2

🚨Bitcoin's Price Drop 📉: Navigating the ETF 'Sell the News' Reality | TruBit Pro Jan. W4

🎉 What Happend after Bitcoin ETFs Launch? Javier Milei's bold move for provincial currency | TruBit Pro Jan.W3

💥 Welcome to the New Era of Bitcoin and Crypto with the approval of Bitcoin ETF 🚀

🔥 Will the SEC Say YES to BTC ETFs? 🌟

🌟 Special Year-End Edition! 2024 Outlook & LATAM Predictions🔮

🌟 🌟 Year-End Competition for a share of 10,000 USDT Bonus! Fed Freezes Rates Shows Economic Optimism. | Dec. W3

🚀 ORDI's Rise in the Bitcoin Ecosystem | Dec W2

💹 BTC reach YTD high nears $42K 🚀, FED Rates Expectations, Big Finance Giants Spark Crypto Excitement 🔥| Dec. W1

🚀 Crypto-friendly Javier Milei has become Argentina’s next president. What could happen to Crypto? | TruBit Pro Nov. W4

🔥Javier Milei Secures Argentine Presidency in Historic Election Triumph | TruBit Pro Nov.W3

🔥Trubit raised 6.25M in Series A, Bitcoin $37K & Ethereum $2K Bull Market Ahead? | TruBit Pro Nov.W2

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