Bitcoin News Roundup for March 30th (Holiday)
Despite being a holiday in many countries, the Bitcoin market has seen some notable developments over the past 24 hours.
Price Movements
The Bitcoin price has been relatively stable over the past few days, hovering around the $40,000 mark. However, it experienced a slight decline in the past few hours, falling to around $39,500.
Trading Volume
Trading volume has been below average today, likely due to the Easter holiday. This is typical for market holidays, as traders often take time off to spend with family and friends.
Hash Rate
The Bitcoin hash rate continues to push higher, reaching a new record high of over 200 EH/s. This is a positive sign for the network, as it indicates that miners are investing in new hardware and competing for block rewards.
News and Developments
* Coinbase Pro lists ApeCoin (APE): The popular cryptocurrency exchange Coinbase Pro has announced that it will list ApeCoin (APE), the native token of the Bored Ape Yacht Club NFT project. Trading for APE/USD will begin on March 31st.
* MicroStrategy buys more Bitcoin: Business intelligence company MicroStrategy has purchased an additional 2,500 BTC, bringing its total Bitcoin holdings to over 129,000 BTC. This further demonstrates MicroStrategy’s long-term belief in the potential of Bitcoin.
* Binance launches NFT marketplace: Binance, the world’s largest cryptocurrency exchange, has launched its own NFT marketplace called Binance NFT. The marketplace will feature a variety of NFT collections, including digital art, music, and collectibles.
Conclusion
While market activity has been muted on this holiday, the Bitcoin market has witnessed several notable developments. The price has remained relatively stable, the hash rate has hit a new record high, and major companies continue to invest in the asset. As we move into the new week, it will be interesting to see how these factors influence the market and where Bitcoin’s price goes next.
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