Nonco Market Color 4/8

Price action
*$BTC up 12% from Tuesday’s 64500 low, made its way up smoothly past 72k resistance, now hovering above it. ATH is less than 2% away, bulls will most definitely pile up on a more robust breakout. $ETH tried catching up and ran up 7% within hours, although still very much below ATH.

ETF flow
*Top Bitcoin ETFs by volume today: $IBIT, $GBTC, $FBTC. 1.1bn, 368m, and 300m respectively.
*Record volume for $BTC ETFs in March: $111 billion
*First Australian Spot $BTC ETF could launch mid-year
*China’s largest funds apply for Spot $BTC ETF in Hong Kong
*IBIT holdings near 260,000 $BTC

News
*Genesis purchased 32,041 $BTC to repay customers after selling GBTC shares
*Blackrock adds Citi, Goldman, UBS, Citadel as $BTC ETFs authorized participants
*Bitcoin halving in 12 days
*The largest bond market globally started the week with a decline as geopolitical tensions eased and traders prepared for upcoming inflation data.
*Yields on Treasuries dropped across the board, with 10-year rates reaching their highest point since November, nearing the significant 4.5% mark. Some investors consider this level as crucial in determining whether rates will return to the highs seen last year.
*Traders' confidence in the expectation of three quarter-point rate cuts by the #Fed this year is diminishing rapidly, with markets now leaning towards only two reductions.