Milk Road has acquired Bitcoin Price! Milk Road is the #1 crypto newsletter that is free and will make you smarter about crypto! | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $30,244 | Bitcoin price has broken through the $30,000 mark with strength, reclaiming the milestone for the first time since June 2022. | Top-20 altcoins are performing well also, as Ethereum gains 3%, BNB rises 6% and Solana sees a strong 16% rally. | Top Stories for April 11, 2022 🔥 | | Bitcoin's dominance in the crypto market reached 45%, the highest since May 2021, due to its price surge this year. The phenomenon has been unusual, due to Bitcoin dominance usually rising when altcoin prices decrease – rather than a Bitcoin-only run. | Digital asset investment products saw inflows of $57 million last week, with Bitcoin representing 98% of those inflows. The Shapella upgrade is set for this week on the Ethereum network, but inflows were relatively minor at $600,000. | | More than 87% of all liquidated futures contract trades on Bitcoin over the last 24 hours were short (betting against a price increase), with losses for those traders totalling around $145 million. | Crypto exchange Huobi had the highest amount of liquidations, with over $45 million. Large liquidations may indicate a local top or bottom of a price move. Bitcoin's recent strength is attributed to worsening economic conditions, leading to its adoption among investors instead of traditional investments. | | The US Securities and Exchange Commission (SEC) is hiring general attorneys in New York, San Francisco, and Washington DC for its Crypto Assets and Cyber Unit. | Successful candidates will be tasked with conducting investigations involving crypto-asset securities and cyber issues, among other related duties. The move follows the SEC's recent call for nearly $2.4 billion in funding for the purpose of chasing down crypto "misconduct". | However, not all regulatory authorities are on board with the SEC's approach, with some questioning Chair Gary Gensler's methods of industry oversight. | | Today on Milk Road: Numbers of the Day, BTC Breaking Records in its Sleep, and Ordinals Pass 1 Million Inscriptions. | |
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