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Bitcoin to 50K? 😳

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Thu, May 2, 2024 11:12 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRoFfoYP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTltdnFyYWxkMTQ2aFcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Just 12 days ago, the long-awaited Bitcoin halving finally took place. The crypto enthusiasts eagerly anticipating a massive bull run to push the OG crypto to $100K. However, in a twist, Bitcoin defied expectations, taking an unexpected nosedive to $56K before regaining some ground to settle at $57.8K (at the time of writing). What could have possibly triggered such a dramatic shift in the market's trajectory? Is this merely a temporary blip or is more turbulence on the horizon? As the crypto community struggles to make sense of this situation, one thing is abundantly clear: the crypto space is never short on surprises. And with that in mind, we are here to keep you updated on today’s top stories. Here is a quick rundown of the headlines: - Standard Chartered warns of potential $50K bear case for Bitcoin. But [what triggered](~/AAQRxQA~/RgRoFfoYP0SOaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1mYWNlcy1wb3RlbnRpYWwtZnVydGhlci1kZWNsaW5lLXRvLWRvbGxhcjUwMDAwLXNheXMtc3RhbmRhcmQtY2hhcnRlcmVkLWJhbms_bGlkPW1xMHh3cmR6OTMyNlcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) this bearish prediction from the banking giant? 🤔 - Tether mints a staggering $4.5B profit in Q1 2024 with a massive $11.37B net equity. Where will [they invest](~/AAQRxQA~/RgRoFfoYP0SmaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGV0aGVyLWhvbGRpbmdzLXJlcG9ydHMtcmVjb3JkLXNldHRpbmctZG9sbGFyNDUyYi1wcm9maXQtaW4tcTEtMjAyNC1kaXNjbG9zZXMtbmV0LWVxdWl0eS1mb3ItdGhlLWZpcnN0LXRpbWU_bGlkPW0wcm4zNzNrMWxvOFcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) these funds? 💰 - Chainlink partners with Rapid Addition to develop an institutional trading adapter. How will this tech [work](~/AAQRxQA~/RgRoFfoYP0SeaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2hhaW5saW5rLWFuZC1yYXBpZC1hZGRpdGlvbi1jb2xsYWJvcmF0ZS10by1kZXZlbG9wLWFkYXB0ZXItZm9yLWluc3RpdHV0aW9uYWwtZGlnaXRhbC1hc3NldC10cmFkaW5nP2xpZD1rMTUwd3VzbjM1b3NXA3NwY0IKZicYdTNm86Vj7lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)? 🏦 - White hat hacker awarded $250K bounty by Curve Finance for critical vulnerability. [Was the flaw](~/AAQRxQA~/RgRoFfoYP0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY3VydmUtZmluYW5jZS1yZXdhcmRzLWN5YmVyc2VjdXJpdHktcmVzZWFyY2hlci1kb2xsYXIyNTAwMDAtZm9yLWlkZW50aWZ5aW5nLXZ1bG5lcmFiaWxpdHk_bGlkPXFnM2I4ZDZpNGl3bFcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) too severe? 🐛 - Fantom launches $6.5M prize pool for "safer" memecoins . Will [Fantom become](~/AAQRxQA~/RgRoFfoYP0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY3VydmUtZmluYW5jZS1yZXdhcmRzLWN5YmVyc2VjdXJpdHktcmVzZWFyY2hlci1kb2xsYXIyNTAwMDAtZm9yLWlkZW50aWZ5aW5nLXZ1bG5lcmFiaWxpdHk_bGlkPTF1cTNmZ2FmaGNjMFcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)the hub of safe memecoin investments? 🫡 Let’s dive deeper into each of these stories! MARKET OVERVIEW GLOBAL MARKET CAP $2.19T ▲2.13% (24h) 24H MARKET VOLUME $87.38B ▼15.66% (24h) BITCOIN’S DOMINANCE 52.45% ▼0.55% (24h) FEAR & GREED INDEX 47 Neutral [Bitcoin] Bitcoin $58,179.3 ▲0.73% (24h) [Ethereum] Ethereum $2,993.03 ▲3.46% (24h) [BNB] BNB $559.02 ▲1.59% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRoFfoYP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWQ3NmtvcmQ2MHRidVcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRoFfoYP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9emRlbmFnM2lrdHV6VwNzcGNCCmYnGHUzZvOlY-5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRoFfoYP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1nNGd6OWxuNHZrZWxXA3NwY0IKZicYdTNm86Vj7lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRoFfoYP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPTN1czduMTU5bmNjb1cDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 02 May 2024 11:10 UTC [Gainer Icon] TOP GAINERS 24H% [Project Icon 4] [Chi Yamada Cat](~/AAQRxQA~/RgRoFfoYP0Q0aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NoaS15YW1hZGEtY2F0L1cDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲243.41% [Project Icon 5] [TOAD](~/AAQRxQA~/RgRoFfoYP0QwaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3RvYWQtdG9rZW4vVwNzcGNCCmYnGHUzZvOlY-5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲214.9% [Project Icon 6] [SOLBULL](~/AAQRxQA~/RgRoFfoYP0QtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3NvbGJ1bGwvVwNzcGNCCmYnGHUzZvOlY-5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲196.79% [Loser Icon] TOP LOSERS 24H% [Project Icon] [CATBA INU](~/AAQRxQA~/RgRoFfoYP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NhdGJhLWludS9XA3NwY0IKZicYdTNm86Vj7lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼87.91% [Project Icon 2] [SNIPING PEPE](~/AAQRxQA~/RgRoFfoYP0QyaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3NuaXBpbmctcGVwZS9XA3NwY0IKZicYdTNm86Vj7lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼61.4% [Project Icon 3] [fink](~/AAQRxQA~/RgRoFfoYP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2ZpbmstY29pbi9XA3NwY0IKZicYdTNm86Vj7lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼50.2%   Beware the $50K Bear Case? For Bitcoin's feverishly bullish devotees dreaming of fresh all-time highs, Standard Chartered Bank just shared a major insight. And it's not a pretty picture for the short term. According to the institution's head of digital asset research, that recent plummet below $60,000 could be just the opening salvo in a more punishing decline targeting the $50,000 to $52,000 range for the OG crypto. While not quite bear market territory, that's still an uncomfortably deep retracement from Bitcoin's recent $73K peak just months ago. So what's fueling this gloomy outlook? [Read the full story](~/AAQRxQA~/RgRoFfoYP0SOaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1mYWNlcy1wb3RlbnRpYWwtZnVydGhlci1kZWNsaW5lLXRvLWRvbGxhcjUwMDAwLXNheXMtc3RhbmRhcmQtY2hhcnRlcmVkLWJhbms_bGlkPWN6YWFkdHJ2bHpkOFcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Tether’s $4.5B Profit Tether Holdings just revealed it minted a staggering $4.52 billion profit in Q1 2024 alone. But the mind-boggling figures don't stop there for crypto's stablecoin titan. In the same record-setting Q1 report, Tether pulled back the curtains on its closely guarded net equity position for the very first time too. And the numbers were, well, titanic - with net equity swelling to $11.37 billion as its reserve holdings ballooned. To put that in perspective, Tether's equity base alone is now larger than the individual market caps of all but a handful of the biggest cryptocurrencies in existence. Where is Tether planning on investing these funds? [Read the full story](~/AAQRxQA~/RgRoFfoYP0SmaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGV0aGVyLWhvbGRpbmdzLXJlcG9ydHMtcmVjb3JkLXNldHRpbmctZG9sbGFyNDUyYi1wcm9maXQtaW4tcTEtMjAyNC1kaXNjbG9zZXMtbmV0LWVxdWl0eS1mb3ItdGhlLWZpcnN0LXRpbWU_bGlkPXB4eG5hczFseHp3ZFcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Chainlink Goes for Institutions The race to catalyze institutional adoption of digital assets is heating up, and two players are joining forces. Chainlink has struck a strategic partnership with Rapid Addition. Their mission? Developing a first-of-its-kind adapter tailored explicitly for institutional trading of tokenized assets across the decentralized landscape. The collaborative adapter will harness the might of Chainlink's Cross-Chain Interoperability Protocol (CCIP) - a cross-chain messaging fabric with applications spanning DeFi, gaming, and now, institutional finance integration. But how does it work? [Read the full story](~/AAQRxQA~/RgRoFfoYP0SeaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2hhaW5saW5rLWFuZC1yYXBpZC1hZGRpdGlvbi1jb2xsYWJvcmF0ZS10by1kZXZlbG9wLWFkYXB0ZXItZm9yLWluc3RpdHV0aW9uYWwtZGlnaXRhbC1hc3NldC10cmFkaW5nP2xpZD1mMzYza3dybWdodmlXA3NwY0IKZicYdTNm86Vj7lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   What Is Renzo? Leading ETH Liquid Restaking Protocol With $3.3B in TVL [What Is Renzo? Leading ETH Liquid Restaking Protocol With $3.3B in TVL](~/AAQRxQA~/RgRoFfoYP0RraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1pcy1yZW56by1wcm90b2NvbC1ldGhlcmV1bS1saXF1aWQtcmVzdGFraW5nP2xpZD13cnhsazZ1N3htZzJXA3NwY0IKZicYdTNm86Vj7lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Renzo is one of the leading liquid restaking protocol and strategy manager for EigenLayer, the pioneering protocol for restaking on Ethereum. [READ MORE](~/AAQRxQA~/RgRoFfoYP0RraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1pcy1yZW56by1wcm90b2NvbC1ldGhlcmV1bS1saXF1aWQtcmVzdGFraW5nP2xpZD1laG55c2MwZG15aHJXA3NwY0IKZicYdTNm86Vj7lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   The $250K Crypto Reward In the high-stakes game of cybersecurity whack-a-mole protecting crypto's decentralized protocols, one white hat hacker just earned a life-changing payday, courtesy of Curve Finance. The hacker going by "Marco Croc" was awarded a $250,000 bug bounty after finding a critical vulnerability with historically catastrophic implications for Curve's liquidity pools. Was the flaw too critical that earned the hacker this huge bounty? Is the protocol riddled with such flaws? [Read the full story](~/AAQRxQA~/RgRoFfoYP0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY3VydmUtZmluYW5jZS1yZXdhcmRzLWN5YmVyc2VjdXJpdHktcmVzZWFyY2hlci1kb2xsYXIyNTAwMDAtZm9yLWlkZW50aWZ5aW5nLXZ1bG5lcmFiaWxpdHk_bGlkPWl6Z2RmZ2RubWRyZFcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   $6.5M To Launch “Safer” Memecoins The memecoin phenomenon is showing no signs of slowing down. Blockchain heavyweights are officially getting in on the action - and bringing some sanity. In a bid to cultivate a "safer" memecoin ecosystem on its network, Fantom just announced a $6.5 million prize pool to incentivize developers embracing anti-scam and anti-rugpull standards. Does this mean Fantom will probably host one of the safest memecoins on its blockchain? [Read the full story](~/AAQRxQA~/RgRoFfoYP0SQaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZmFudG9tLWZvdW5kYXRpb24tbGF1bmNoZXMtZG9sbGFyNjUtbWlsbGlvbi1wcml6ZS1wb29sLXRvLWluY2VudGl2aXplLXNhZmVyLW1lbWVjb2lucz9saWQ9bzVtcGo3ZDl6M2l2VwNzcGNCCmYnGHUzZvOlY-5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   That's all for now. Remember: in crypto, the only constant is change. Stay sharp, stay curious, and never stop learning.   [App Store](~/AAQRxQA~/RgRoFfoYP0RLaHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MSZsaWQ9MTc0and6b2N5bnFoVwNzcGNCCmYnGHUzZvOlY-5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [Google Play](~/AAQRxQA~/RgRoFfoYP0RhaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVMmbGlkPWFkZDU4ajA5eGoyclcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Twitter](~/AAQRxQA~/RgRoFfoYP0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD01Mmpxc2FtMHFsNTVXA3NwY0IKZicYdTNm86Vj7lIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRoFfoYP0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPXN2Z3R4ZGNiODd1c1cDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRoFfoYP0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPXB0dGFreGV4OGtieFcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRoFfoYP0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9bTgxdWlkZmt0dm52VwNzcGNCCmYnGHUzZvOlY-5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRoFfoYP0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPXpxYjlyaGI1OHRralcDc3BjQgpmJxh1M2bzpWPuUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) DISCLAIMER: Please be aware that CoinMarketCap is NOT a cryptocurrency exchange and does NOT facilitate the buying, selling, withdrawal or trading of crypto/token assets. 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