The ratio of Bitcoin to Ethereum prices implies that the market's risk appetite for cryptocurrencies may weaken. The Bitcoin-Ethereum price ratio has risen to 20, reaching its highest level since April 2021, reflecting a more elastic demand for Bitcoin in the market, while the opposite is true for Ethereum.

“Together, let’s stand against harassment and prioritize mental health in all aspects of our lives,” wrote Complex’s developers as they shut down the memecoin project.

According to Lookonchain data, a dormant whale transferred 2,000 BTC ($132.41 million) to a new wallet yesterday and then deposited 1,100 BTC ($74.34 million) into Binance. The whale currently holds 8,900 BTC ($597.55 million).

OKX market shows that BTC has once again fallen below 67,000 USDT, currently reporting at 66,852.3 USDT, with a 24-hour increase narrowing to 2.15%.

Binance NFT marketplace will cease supporting trades and deposits of Bitcoin Ordinals on April 18.

At the Bitcoin Day conference, Jayden, co-founder of the BTC ecosystem Defi project bitSmiley Labs, revealed bitUniverse, aiming to create a range of Defi applications centered around its stablecoin, bitUSD.

On April 5th, QCPCapital, a cryptocurrency market maker, pointed out in its latest research report that the cryptocurrency market will perform poorly at the beginning of the second quarter of 2024. The price of Bitcoin has fallen below $70,000 and is fluctuating within a narrow range. The scale of ETF fund inflows is not sufficient to drive price trends. The funding rate tends to be stable, and the front end of the forward curve has fallen from a high point of 50% to below 20%. However, it is worth noting that the back end of the forward curve is still at a high level, and investors are interested in longer-term spot-forward basis positions. This may be due to the continued demand for Bitcoin 2025 long-term call options in the market. QCP believes that the bullish demand for Bitcoin and the upward momentum of spot ETF fund inflows will support Bitcoin prices and is expected to push Bitcoin above $70,000 this weekend. On the other hand, Ethereum continues to be weak. ETHBTC is testing key support levels after falling below 0.05. The market continues to sell a large number of Ethereum long call options, which has lowered the implied volatility and formed some downward pressure on prices. QCP analysis believes that this may once again indicate that the early signal of the shift from frenzy to panic for altcoins represented by Ethereum.

On April 5th, it was announced that the Bitcoin Day summit, co-hosted by ABCDE, SINOHOPE (stock code: 1611.HK), and OKX Wallet, officially opened at the Regal Hotel in Hong Kong. Du Jun, Executive Director and CEO of SINOHOPE and founder of ABCDE, gave the opening speech.

Data shows the ETH/BTC exchange rate has fallen below 0.05 and is now at 0.04853, with a daily decline of 2.41%.

As I’ve said many times before. Everyone and every nation will eventually capitulate to Bitcoin. The latest nation to capitulate is Great Britain, whose army of anti-Bitcoin propagandists has just received orders from The Motherland that Bitcoin is to be fully embraced.

The Bitcoin L2 network Mirror Staking Protocol announced that its testnet is now online.

Gryphon Digital Mining is seeking to block Sphere 3D from using $10 million from a recent settlement with Core Scientific.

The total open position of BTC futures contracts on the network is 531,790 BTC, equivalent to 37.36 billion US dollars.

CEO of Galaxy Digital, Mike Novogratz, said that the US debt crisis has made it "so easy to convince people to buy Bitcoin and other hard assets". As warnings about the US debt crisis continue to increase, some investors are exploring Bitcoin as a potential hedging tool. Mike Novogratz is a staunch supporter of Bitcoin. He recently predicted that BTC will reach $100,000 this year.

Bitcoin mining company Gryphon Digital Mining has submitted a pre-motion letter to the Southern District Court of New York requesting permission to file a pre-trial seizure motion to seek the $10 million equity gain recently obtained from the settlement with Core Scientific in bankruptcy exit. Gryphon hopes to ensure that the funds can be used for any judgment that may be received due to Sphere's alleged breach of contract, which has caused losses of at least $30 million. Sphere is accused of violating the exclusivity clause in its agreement with Gryphon by signing at least four hosting agreements with other providers. 

BTC has temporarily broken through 70,000 USDT and is currently trading at 69,952 USDT, with a 24-hour decline narrowing to 0.17%.

On-chain data shows that Bitcoin whales have experienced the largest buying frenzy since 2012 in the past month. They have purchased over 268,000 BTC in the past month. Analyst James Van Straten on X platform stated that Bitcoin accounts holding 100 to 1000 BTC have conducted large-scale net buying actions in the past month. The net position change of Bitcoin whales has been at a highly positive level recently.In the past 30 days, whales have net purchased approximately 268,441 BTC, currently worth nearly $18.6 billion, which is the largest accumulation amount for these holders since 2012.

According to Whale Alert, a chain data tracking service, an address containing 500 BTC that had been dormant for 11.7 years was activated about an hour ago. The value of the address is approximately $34,726,301.

According to official data from BlackRock, as of March 28th, the holdings of its physical Bitcoin ETF, IBIT, have reached 252,011.4093 BTC, with a market value of approximately $17,832,735,583.58, setting a new historical high. The current number of circulating shares has risen to 440,040,000.

The market shows BTC has broken through $70,000, currently reporting at $70,001.76. The intraday decline has reached 0.89%, and the market fluctuations are large, so please be cautious with risk control.