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Bitcoin cryptocurrency exchange Cryptocurrency news Retirement

Crypto Trader Turned $304 into $482,000 After BUBB Price Surged 150,000%

The crypto market is rife with volatility, but some newly launched cryptocurrencies have recently become trading saviors. BUBB, a recently launched token, is one of these trading saviors as its price surged significantly, turning $304 into $482,000 by a crypto trader. How did this happen exactly? Let’s take a closer look.

Crypto Trading News: Crypto Trader Earned 1,586x Returns

An anonymous crypto trader invested just under $304 and turned it into $482,000—an impressive 1,586x return. According to Lookonchain’s post X, he seized the cryptocurrency opportunity even though the token barely lost value due to its recent launch.

The trader invested $304 to purchase BUBB, worth $43.94 million. Interestingly, the price of BUBB jumped 150,000% shortly afterward, pushing the token’s value to $482,000. Of these millions of tokens, the crypto investor sold only 28.9 million ($122,000) and held onto the remaining 15.64 million BUBB, equivalent to $360,000 per post, in anticipation of further growth.

In total, the trader realized a return of 1,586x. Interestingly, he still holds 15.64 million tokens. Given that BUBB is currently one of the leading cryptocurrencies, the return could increase.

The portfolio statistics show a win rate of 50%, meaning that half of the bets resulted in profits and the other half in losses. The profit realized over the last 7 days is just under $3,500, and the total profit exceeds $59,000.

With a return of 1,586x, it is clear that the crypto investor has good trading skills and experience. A review of the portfolio reveals the trader’s high trading activity in cryptocurrencies: 152 trades were made in the last seven days alone.

The trader has another portfolio with $417,000 in unrealized profits. Interestingly, this is also due to BUBB token holdings.

The upward trend in BUBB’s price continues – what’s next?

Although the aforementioned crypto trader bought the token at an average price of $0.0000069 and sold it at $0.00432, the token has significantly surpassed this level. According to Coingecko, the BUBB token is currently trading at $0.02449, up nearly 500% in the past 24 hours.

The market capitalization is $23,668,094 and the trading volume is $49,334,025—a relatively high value. This indicates strong investor demand.

Interestingly, amid this demand, the price of BUBB increased by 800%. It rose from $0.0027 to $0.026 a few hours earlier on the same day. Continuing the trend and demand could lead to further price increases. However, uncertainty in the cryptocurrency market is also characterized by high volatility, which calls for caution.

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Bitcoin Bitcoin Wallet Cryptocurrency news

Singapore-based cryptocurrency exchange BingX launches new cryptocurrency project incubator

A Singapore-based cryptocurrency exchange is launching a new platform to support promising digital asset projects.

In a new press release, BingX says it is launching BingX Labs, a new cryptocurrency project incubator that aims to help promising cryptocurrency projects with high potential distribute their tokens efficiently.

According to the press release, BingX is interested in projects that are deemed to “show strong marketing, user acquisition potential, and innovative technical solutions,” though specific digital assets were not mentioned. The company says it will offer market-making services, technical support, and strategic consulting to clients.

“The Lab is open to collaborating with successful and experienced Web3 teams and supporting industry-leading projects that demonstrate significant market potential and traction.

Leveraging the largest trading volume and community on the BingX exchange, BingX Labs is committed to supporting projects from their early stages and helping them succeed in the capital markets.”

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Bitcoin Bitcoin ETF

US Bitcoin ETFs Bounce Back With $569.4M in Net Inflows After Initial Dip

Spot bitcoin exchange-traded funds (ETFs) concluded the week on an upbeat note, securing $203 million in positive inflows on Friday, as per the latest data. Despite an initial setback of $84.7 million in net outflows on April 1, the ETFs have since rebounded, gathering $569.4 million in net inflows.

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Bitcoin Bitcoin Wallet cryptocurrency exchange Cryptocurrency news

Bitcoin recovers more than $ 67,000: it triggers almost $ 300 million in total agreements

The encryption market has recently suffered a liquidation wave, for a total of almost $ 300 million, after the marked recovery of Bitcoin of $ 67,000.

This increase in the value of Bitcoin, a strong investment of its previous low trend, took many merchants by surprise, especially those who bet on the continuation of the market decrease.

More than 80,000 merchants face the liquidation

The data provided by Coinglass shed light on the magnitude of the settlements, revealing that approximately 86,047 merchants suffered losses of more than $ 250 million in a mere 24 -hour period.

The great exchanges such as Binance, OKX, Bybit and Huobi were the sands for these important financial setbacks, with binance merchants with the weight of the agreements.

Particularly Binance registered US $ 128.7 million in settlements, while other important platforms, such as OKX, Bybit and Huobi, also experienced significant settlements, for a total of US $ 99.87 million, $ 33.18 million and $ 17, 70 million, respectively. Meanwhile, although they also face settlements, smaller exchanges had a relatively lower impact.

Most of the affected positions were short businesses, which reflects a generalized anticipation of a market deceleration that did not materialize as expected. Short positions registered around 57.55% of the agreements, equivalent to US $ 164.10 million, of the merchants who bet against the market.

On the other hand, the holders of the long position also faced their portion of losses, which contributed to almost 40% of the total agreement, for a total of US $ 121.07 million.

Bitcoin recovery and future perspectives

The marked recovery of Bitcoin, momentarily recovering the UPS of more than $ 67,000, revived interest in their market behavior and future trajectory.

Despite a 6.6% drop in its market capitalization last week, the Bitcoin value saw a notable 6% increase in the last 24 hours, with its market value currently exceeding $ 140 billion. This resurgence of commercial activity, with daily volumes that rise below $ 60 billion for heights above this brand, means a renewed confidence for the increase in investors and commercial interest.

In addition to the speech, the cryptocurrency analyst Willy Woo presents an optimistic perspective for Bitcoin, suggesting the possibility of a remaining cycle of “double bomb” of market patterns observed in 2013.

According to Woo, this standard could announce two significant prices for Bitcoin in the coming years, with the first early peak in mid -2024 and a subsequent and more substantial increase in 2025.

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Bitcoin Cryptocurrency news Investment News

Arizona State Considering Adding Digital Asset Exposure to Retirement Funds

Arizona is evaluating whether to add exposure to digital assets in government pension funds’ investment portfolios.

A new resolution passed by the Arizona state legislature would take a step toward converting pension funds for government and public safety employees into exchange-traded funds (ETFs) based on digital assets.

The proposal comes about a month after the US Securities and Exchange Commission (SEC) approved Bitcoin (BTC) spot ETFs. The agency may also approve additional ETFs for other digital assets like Ethereum (ETH) at some point in the future.

If passed, the resolution calls on the Arizona State Retirement System (ASRS) and Public Safety Personnel Retirement System (PSPRS) to take several actions that could lead to retirement funds gaining exposure to digital assets.

There are three main actions that ASRS and PSPRS must take:

“a) consider the implications of including a digital asset ETF in your investment portfolios.

b) closely monitor the development of Bitcoin ETFs and other digital asset ETFs and consider the implications of including such assets in your investment portfolio after consulting with any company to which the U.S. Securities and Exchange Commission has granted approval to offer a Bitcoin ETF digital assets.

c) present a comprehensive report on the feasibility, risk, and potential benefits of allocating a portion of state retirement system money to digital asset ETFs, including a list of options and recommendations on how the state could safely invest in the class of digital assets for the State. Treasurer, President of the Senate and Speaker of the House of Representatives at least three months before the beginning of the Fifty-seventh Legislature, First Regular Session.”

The Republican-sponsored resolution recently passed the state Senate by a vote of 16 to 13. Only Republicans voted for it, while only Democrats opposed it. The resolution is now being considered by the state House.