TL; DR
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Crypto funds have seen record inflows of $13.8 billion in ’24, crypto markets often struggle this time of year, and BTC just recovered $72k (pulling the market higher).
Full story
Are you hungry?
Good. We have prepared a good news sandwich for you.
That means we have two pieces of good news (the bread) and one piece of bad news (the filling).
And before you scroll away in an attempt to avoid the doom and gloom, don’t worry! As far as “bad news” goes, it’s pretty vanilla.
Good news: crypto investment products (also called crypto investment funds) have seen a record inflow of $13.8 billion so far this year.
Bad news: On April 20, the Bitcoin halving will take place (which usually leads to a rise in crypto prices).
But the timing is not good: the coming months are typically slow periods for the crypto markets, meaning that without new stories to drive buying, prices may struggle to take off immediately.
(Patience is a virtue).
Good news: After starting the month on shaky ground, Bitcoin reached the $72k mark early yesterday morning.
(Pulling the rest of the crypto market along!)
Do you feel nourished?
Good 🙂