Get Smarter About Crypto

₿itcoin reached $43,666.

♢Ethereum reached $2,322.

What we will talk about today...

🔄📉Over $100 Million Gone as BTC Hits $44K.

🚀🤑 How One Man Stole $3 Billion in Bitcoin and Hid for Almost 10 Years?

💢🤔 Fidelity’s ETF Win: A Big Change in the Crypto World.

Bitcoin’s Rally Shocks the Market: Over $100 Million Gone as BTC Hits $44K

Bitcoin (BTC) just made a big move, jumping from $42,000 to almost $44,000 in a few hours. This surprised the crypto world, and caused over $110 million in liquidations in one day.

🚀 BTC Fights Back: $44K and More

Bitcoin was quiet around $42,000 for a while, but then it decided to act. It went up to a three-week high, and made short traders lose money. Bitcoin holders and traders were excited by its strength.

💰 Liquidation Battle: $110 Million Lost

As Bitcoin’s price went up, more than $110 million in liquidations happened. Short positions lost the most, with $76 million gone (thanks to CoinGlass data). Bitcoin’s own liquidations were $40 million, and Ethereum’s were almost $25 million as it reached $2,300.

📈 Altcoins Have Fun: Solana and Cardano Rise

But there’s more! Bitcoin was not the only star. Altcoins like Solana (SOL) and Cardano (ADA) also had a good time. Solana went up by 6%, and Cardano by 8%, according to CoinGecko. The whole crypto market was happy.

💼 Market Capitalization Drama: $1.75 Trillion Reached

As Bitcoin’s rally affected the market, the total cryptocurrency market capitalization went up, reaching $1.75 trillion. Bitcoin’s dominance was also high, at about 52.5%, showing its power among the altcoins.

🌐 The Crypto Rollercoaster Goes On

Get ready for the crypto rollercoaster! Bitcoin’s rally has started something, and the market is waiting for more. The charts are changing fast, and everyone is watching. Will Bitcoin keep its new high, or will something else happen? The crypto story continues, and we’re following every exciting part! 🚀💸

Subscribe & Join Us as we uncover the fascinating crypto mysteries.

How Jimmy Zhong Took $3 Billion in Bitcoin and Hid for Almost 10 Years

This is a story that sounds like a movie, with mystery, humor, and action. Meet James “Jimmy” Zhong, a computer science student from Georgia, who stole more bitcoin than anyone else, and his adventure is like a funny thriller.

🕵️‍♂️ Chapter 1: The Silk Road Trick

From 2012 to 2014, Zhong, using his computer skills, found a mistake in the Silk Road dark website. He used this mistake to steal over 50,000 bitcoins – worth $3.4 billion in 2023. The funny thing? He found the mistake after buying cocaine on Silk Road.

🚀 Chapter 2: 10 Years of Hiding

Even though he stole a lot of money, Zhong stayed hidden for almost 10 years, living a rich life. The police, who caught him for drunk driving and drugs, did not know his secret. His big spending and fancy life did not raise any questions.

🌪️ Chapter 3: The Bad Luck

In 2019, Zhong’s luck changed. Someone broke into his house and took $400,000 in cash and Bitcoin. In a strange move, Zhong, the sneaky thief, called 911, bringing the police into his life. At the same time, a small Bitcoin move to an exchange got the IRS’s attention.

🕵️‍♂️ Chapter 4: The Secret Search

The IRS, working with the police, started a secret search to find out Zhong’s secrets. What they found in his house in November 2019 was amazing – a popcorn can with most of the stolen Silk Road bitcoin.

⚖️ Chapter 5: The End

Zhong was arrested and charged and said he was guilty of wire fraud in 2022. He got 366 days in jail. His lawyer said it was not a bad crime, because Zhong stole from criminals.

🎭 Epilogue: A Funny Mistake

Jimmy Zhong’s story, is a funny mistake, as FBI agent Vinny D’Agostino says, “[T]he fact that Jimmy called the cops after having some of his bitcoin stolen shows how many cyber criminals (including Ross) were smart but not wise.”

This exciting story of cleverness, theft, and a surprise is over. message us for more stories from the strange world of cryptocurrencies. 🎬💰

Fidelity’s ETF Win: A Big Change in the Crypto World

Crypto investments are changing fast, and Fidelity’s Spot Bitcoin ETF is the new star. It got $208 million more than Grayscale’s fund on January 29, showing a big change since it started.

🚀 Fidelity Leads the Way

Fidelity’s spot Bitcoin ETF is the best, getting more money than Grayscale. This $208 million shows that investors trust it and that crypto investments are changing.

💡 ETF Space News

The crypto community is talking, looking at the new changes in the ETF space. GBTC, which lost 25% of its money from $255 million on January 26, is slowing down. Analysts think investors might be taking their money out, starting a new crypto story.

📊 Competition Gets Hot

January 29 showed a new fight with nine new US spot Bitcoin ETFs getting $994.1 million in total, almost twice as much as GBTC’s $570 million. BlackRock’s IBIT and Fidelity’s FBTC were the best, getting 78% of the total among the new ones.

🤜🤛 Fee Wars Go On

The competition is not enough, the fees are also important. Invesco and Galaxy cut their ETF product fee from 0.39% to 0.25%, matching big ones like BlackRock and Fidelity. The fee race is on, with BTCO offering no fees for the first six months or until it gets $5 billion.

🌐 Global Effect

This ETF change affects the whole world. People think investors are going to the US, because of the fee wars. European ETFs are also cutting fees. Invesco and WisdomTree joined the fee-cutting, changing the crypto world.

🔮 What’s Next?

Fidelity’s ETF is the best and the fee wars change the crypto investments. This is a new chapter in the crypto story. Get ready for the financial ride! 🚀💰

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎