April 2024 Community Highlights

30 Apr 2024

Hey Notifs Fam,

April has been a wild ride in the cryptocurrency world, and we're here to give you a rundown of the latest market updates. Buckle up and check out what has been happening this month:

📉 Bitcoin's Price Volatility: Bitcoin, the king of cryptocurrencies, experienced a significant price drop of 18% since reaching its all-time high of $73,737. Geopolitical conflicts played a role in driving the price down, touching below the $60k mark for the first time since February.

💰 ETF Inflows: Just before the halving event, Bitcoin exchange-traded funds (ETFs) witnessed a noteworthy inflow of $30.4 million. This influx put an end to five consecutive days of outflows, indicating renewed investor interest in the market.

Post-Halving Market: Following the highly anticipated halving event on April 20th, Bitcoin's price has remained in the low $60k range. Meanwhile, Ethereum, the second-largest cryptocurrency, experienced a bounce back above $3,000 and is currently hovering just under $3,200.

🚀 Bitcoin Layer 2 Tokens: Tokens associated with Bitcoin layer 2 solutions have outperformed Bitcoin itself since the halving. This trend highlights the growing popularity and potential of layer 2 scaling solutions in enhancing the efficiency and scalability of the Bitcoin network.

💼 ETF Approval in Hong Kong: Exciting news emerged from Hong Kong, as the region conditionally approved 6 spot ETFs for both Ethereum and Bitcoin. This development has the potential to inject a staggering $25 billion worth of new liquidity into the cryptocurrency market, further expanding its reach and impact.

We hope you've been utilizing our alerts feature on Notifs to keep a close eye on these market developments. Remember, we've noticed an intriguing correlation between ETF inflows and market price fluctuations. Stay ahead of the curve by staying updated on the latest ETF-related news and tracking the market's response using Notifs.

Exciting Rewards for Our Users

If you've been following us closely on social media, you may already know about the exciting rewards we've been offering. We've been rewarding our users for following Gazer, our whale alert feature, which provides valuable insights into smart money activities. 

If you haven't done so already, head over to Notifs and follow Gazer now to earn your 5 free Notifs stars! This campaign runs until the end of April, juicy rewards await. 

That's all for now folks! We hope you're enjoying the benefits of using Notifs as your portfolio tracker. Stay tuned for more exciting updates.

If you haven't done so, download the Notifs app today!

Notifs team

Disclaimer: The information provided above is for informational purposes only and should not be considered as financial advice. The cryptocurrency market is highly volatile and unpredictable, and investing in cryptocurrencies involves inherent risks. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.