Weekly Crypto Wrap: 7th March 2024

TLDR

• BTC/AUD trading pair on BTC Markets, hits ATH of AU$105,000.
• Bitcoin hits 2021 bull market peak of US$69,000 on exchanges.
• U.S. spot Bitcoin ETFs reach $10 billion trading volume amid price volatility.
• Another week of significant capital inflows into crypto investment products.
• Australia’s GDP grew by 0.2%, as household spending remains low.
• US job openings held steady at 8.86 million in January.

BTC Markets announcements

‘Crypto Corner’ hosted by BTC Markets CEO, Caroline Bowler on Ticker News.

Welcome to 'Crypto Corner', a groundbreaking collaboration between BTC Markets and Ticker, where we dive deep into the world of cryptocurrency and blockchain technology.

Hosted by Caroline Bowler, CEO of BTC Markets, we explore the latest market movements, expert insights, and the influence of macroeconomic factors.

In our debut episode, we chat with Steve Vallas, CEO of Blockchain APAC. He shares his view on industry innovations, regulatory challenges, and the future of digital assets. From navigating regulatory frameworks to debunking crypto myths, we cover it all in this insightful conversation.

Tune in to our YouTube channel or Ticker News to watch the first episode.

Blockchain APAC Policy Week is coming to Sydney!

BTC Markets is proud to partner with Blockchain APAC to host one of the largest regulatory discussions in Australia's cryptocurrency and digital assets sector, Blockchain APAC Week. The event takes place in Sydney from Monday, March 18th to Friday, March 22nd.

Blockchain APAC is committed to initiating global and regional regulatory discussions, as Australia's position and growth in the region depends on fostering both market opportunities and strategic regulatory frameworks.

The highlight of Policy Week? The Ripple Australia Policy Summit, taking place on Wednesday, March 20th, from 8:00 am to 2:00 pm in Sydney. Want more information?

Want more information? Follow Blockchain APAC on X/Twitter or LinkedIn to stay up to date with the latest events and announcements.

Are you ready to trade Hedera (HBAR)?

Hedera (HBAR) tackles various challenges encountered by traditional blockchain networks, including scalability, security, and governance. Through its utilisation of the Hashgraph consensus algorithm, HBAR achieves remarkable throughput and rapid finality, facilitating real-world applications with minimal latency.

The governance model of Hedera ensures fairness and transparency, empowering network participants to collectively determine protocol upgrades and network enhancements. With its emphasis on efficiency and decentralisation, HBAR sets the stage for a more inclusive and equitable digital economy.

At the forefront of distributed ledger technology innovation, Hedera (HBAR) presents a robust and scalable solution for a diverse array of applications. Backed by its distinctive consensus mechanism, a dedicated team, and a flourishing ecosystem, HBAR continuously pushes the boundaries of possibility in the digital landscape.

Read more about Hedera on our blog, and stay updated on the latest developments regarding this listing by following us on X/Twitter or LinkedIn.

Blockchain technology and crypto exchanges.

Earlier this week, our Head of Marketing and Communications, Rachael Lucas, was invited to participate in the ACS (Australian Computer Society) Women's Week event in collaboration with Blockchain Australia.

She discussed the innovative ability of blockchain technology and how it can integrate with crypto exchanges to strengthen their resilience.

During the presentation, Rachael debunked the common misconceptions surrounding blockchain and cryptocurrency. Emphasising that blockchain extends far beyond crypto, showcasing its diverse applications across various industries.

By reducing friction and enhancing efficiencies, blockchain not only streamlines operations but also reduces expenditures. The discussion underscored the evolution of blockchain in shaping the future landscape of digital payments. Learn more here.

BTC Markets in the news

Sky News Australia: The reason Bitcoin has surged in value so fast.

BTC Markets CEO Caroline Bowler discusses the factors contributing to the fast surge in Bitcoin's value. The cryptocurrency briefly hit an all-time high above US$69,000.

“I think what we’ve seen is an accumulation of interest on the back of the ETF announcement,” Ms Bowler told Sky News Business Editor Ross Greenwood.

“Certainly, what we saw over the previous calendar year of 2023, we saw a slow accumulation happen as institutions who are planning to launch their ETF start to accumulate.

“Certainly, that’s what the trend suggests.”

Watch the interview here.

News.com.au: Bitcoin price briefly surges past $106k in new all-time high.

“The upcoming bitcoin halving in April is viewed as an additional positive indicator for its market dynamics,” Caroline Bowler of Australian firm BTC Markets said.

“The bitcoin halving typically impacts BTC price positively.

“The halving event occurs approximately every four years and involves a reduction in the rewards miners receive for validating transactions by half.

“This event is hard coded into bitcoin’s protocol and is designed to limit the total supply of bitcoin to 21 million.”

Read the full article here.

Livewire: ‘Crypto narratives, market insights, and the outlook for 2024’ by Caroline Bowler.

It has been a dynamic start to 2024 in the crypto world. With the recent approval of Bitcoin spot ETFs by the US SEC, the industry is abuzz with fresh optimism and heightened investor interest. Just as the internet transformed communication, Bitcoin is set to revolutionise the digital and financial industry, promising disruptive potential for blockchain technology.

Amid Bitcoin's stellar performance, regulatory milestones have boosted legitimacy and accessibility, driving institutional inflows exceeding US$5.7 billion year-to-date. Looking ahead, narratives will continue to influence market dynamics, with trends like AI integration, real-world asset tokenisation, and decentralised infrastructure networks shaping the landscape.

Read Caroline's full article on Livewire.

Unchained: Bitcoin hits new all-time high above $69,000, presaging more potential gains.

While Bitcoin’s price has now officially in the same territory as the last bull market, some industry watchers believe that the full effects haven’t taken shape just yet after comparing data across cycles.

“Data on our platform suggests we aren’t yet in full ‘bull’ market. While activity, logins, trading is up, we aren’t yet near 2021 data. Do with that information what you will,” said Caroline Bowler from BTC Markets.

The Bitcoin Halving countdown

Updated as of 12:03pm AEDT 07/03/2024.

Source: coinmarketcap

The Bitcoin Halving.

Australian Fintech: Bitcoin's upcoming Halving event and the impact of Bitcoin ETFs.

“The integration of cryptocurrency into mainstream financial institutions is a crucial consideration for Australian investors. Recent developments in US regulations regarding spot Bitcoin ETFs and the advocacy of major investment firms highlight the growing acceptance of crypto in traditional finance.

The recent decision by the SEC is seen as a pivotal step, opening up Bitcoin to retail and institutional investors. Locally, it sets the stage for potential ASX listings of spot Bitcoin ETFs, further integrating crypto assets into mainstream financial services. The lasting impacts of these developments are expected to unfold progressively over time, influencing cryptocurrency markets and investor participation.” – Caroline Bowler, CEO BTC Markets

State of crypto

• BTC/AUD trading pair on BTC Markets, hits ATH of AU$105,000.
• Bitcoin hits 2021 bull market peak of US$69,000 on exchanges.
• U.S. spot Bitcoin ETFs reach $10b in trading volume.
• Another week of significant capital inflows into crypto investment products.

BTC/AUD trading pair on BTC Markets, hits ATH of AU$105,000.

On November 10th, 2021, the BTC/AUD trading pair reached an all-time high (ATH) of AU$93,481.16 on the BTC Markets exchange. Fast forward over two years to February 28th, 2024, and we finally surpassed this resistance level, hitting a high of AU$97,000.

After consolidating for five days, we successfully broke through another the psychological resistance level of AU$100,000, marking a new ATH of AU$105,000 on March 5th entering price discovery mode.

However, there was a retracement of 13.47%, leading to a dip to AU$90,861. Despite this setback, the bulls intervened, pushing the price back above the AU$100,000 mark.

What is price discovery mode?

Price discovery mode refers to a period in the financial markets when the price of an asset is actively and rapidly changing as buyers and sellers determine its true market value.

During this phase, there may be increased volatility and fluctuation in prices as market participants assess various factors such as supply and demand dynamics, market sentiment, and fundamental or technical indicators.

Price discovery mode is often observed in new or highly volatile markets, where there is limited historical data or when significant news or events impact market participants' perceptions of the asset's value.

Source: BTC Markets

Bitcoin hits ATH high in USD, faces swift retracement as liquidation wave tops US$1.1b.

Bitcoin experienced an incredible rise this week, reaching its all-time high (ATH) of US$69,000 on Tuesday, March 5th. Price swiftly retraced to a daily low of US$59,005 before the bulls stepped in to support price action. A massive liquidation wave totalled US$1.1 billion, with US$870 million in long positions wiped out.

Liquidations occur when leveraged traders' positions are closed due to insufficient margin, exacerbating price volatility. Price is currently trading in the US$65,900 range at the time of writing.

Source: Coinglass.com

Alongside Bitcoin's 6.63% decline in Tuesday’s trading session, alt coins like Ethereum (ETH), XRP, Chainlink (LINK), Solana (SOL), Cardano (ADA), Avalanche (AVAX), and Polygon (MATIC) also saw losses of 6-8% on the day but have quickly regained ground.

These occurrences frequently indicate potential market reversals. Recollections of previous pullbacks, such as Terra Luna and FTX, where prices saw lows of US$15,400, have reemerged. Professional traders and investors often perceive these downturns as chances to weed out over-leveraged traders and draw fresh capital into the market.

What is Bitcoin layer-2 staking and how does it work?

Staking in crypto involves holding and locking up digital assets in a wallet to support a blockchain network, earning rewards for transaction validation and network security. Bitcoin layer-2 (L2) staking offers a decentralised alternative to traditional interest rates, determined by users for greater financial autonomy.

L2 solutions enhance Bitcoin's functionality with faster transactions and smart contract integration, making crypto staking mainstream. With L2, transactions occur outside the public internet, offering reliability and enabling complex contracts.

Bitcoin staking fills a void for holders to earn rewards, extending to the broader economic landscape by offering rewards independent of central bank policies. Despite challenges like regulatory uncertainty and market volatility, L2 staking promises a shift from traditional systems towards decentralised economic incentives.

Bitcoin ETFs reach US$10 billion trading volume amid price volatility.

Bitcoin exchange-traded funds (ETFs) achieved a milestone, exceeding US$10 billion in trading volume amidst price fluctuations. The surge in trading activity occurred as Bitcoin (BTC) soared to a new all-time high before losing 10% on Tuesday.

BlackRock's IBIT emerged as the fourth most traded ETF, recording a trading volume of US$3.8 billion. Analysts attribute the heightened trading to a mix of factors, including profit-taking as BTC experienced a significant price surge in recent weeks.

Despite the volatility, ETFs attracted considerable attention, with significant inflows observed last week, indicating sustained investor interest in cryptocurrency investment vehicles.

Bitcoin surpasses Meta in market capitalisation as total crypto market cap hits US$2.521t.

Bitcoin has surpassed Meta in market capitalisation, positioning itself as the world's seventh-largest publicly traded company. Whilst the total cryptocurrency market capitalisation has reached US$2.521 trillion, representing the combined value of all circulating cryptocurrencies.

Bitcoin's market cap at the time of writing, is at US$1.299 trillion, while Meta's is US$1.274 trillion. This milestone places Bitcoin behind only six of the largest publicly traded companies globally. The next target for Bitcoin is Alphabet, Google's parent company, with a market cap of US$1.657 trillion.

This surge in Bitcoin's market cap coincides with increased investments in both tech stocks and cryptocurrencies, with inflows into tech stocks reaching US$4.7 billion.

Source: TradingView.

Another week of significant capital inflows into crypto investment products.

Digital asset investment products experienced significant inflows, totalling US$1.84 billion, marking the second-largest weekly inflows on record. Trading volumes in these products reached a record high of over US$30 billion for the week.

Most inflows, 94%, were directed towards Bitcoin, totalling US$1.73 billion. Despite recent price fluctuations, short investors increased their investments by an additional US$22 million. Ethereum also saw notable weekly inflows, amounting to US$85 million, the highest since mid-July 2022. However, Ethereum's assets under management (AuM) stand at US$14.6 billion, still below the peak of US$23.7 billion.

Source: TheBlock.co

The weekly crypto close from TradingView.

In the latest weekly crypto close from Trading View* on Monday, March 4th, most top assets ended in positive territory, indicating a bullish trend. Litecoin (LTC) led the gains with a significant 29.38% increase, surpassing XRP, Cardano (ADA), and Bitcoin (BTC), which saw gains of 25.93%, 22.97%, and 22.14%, respectively.

Litecoin, known for its fast and secure transactions, boasts one of the longest holding times among cryptocurrencies, according to IntoTheBlock, reflecting strong community confidence. This aligns with the recent pattern of Bitcoin ETF approvals, suggesting growing market optimism.

The total crypto market also surged, closing +18.82% for the week at US$2.306 trillion, signalling broad-based market growth and investor enthusiasm.

*The weekly trading stats as of Monday, March 4th at 11:00 am AEDT, based on data from Tradingview in USD.

Crypto Fear& Greed Index

Source: alternative.me

Year-to-date in the crypto space from Trading View.

Ethereum (ETH) continues to lead the yearly performance charts with an impressive gain of 68.48%, followed closely by Bitcoin (BTC) with a 56.35% increase. Chainlink (LINK) follows with a gain of 35.96%, while Solana (SOL) maintains a positive trajectory, boasting a 32.51% increase.

Year-to-date performance as of Thursday, March 7th at 11:00 am AEDT approximately. Based on data from Tradingview in USD.

Crypto news

Ether.Fi and Omni Network reaches US$600 million deal to enhance security.

To improve security, Ether.Fi, a liquid staking protocol, has pledged US$600 million worth of Ether (ETH) to secure the Omni Network, a blockchain that facilitates communication between Ethereum rollups. This collaboration leverages EigenLayer's pooled security model, where the staked ETH will contribute to the security of both the Omni Network and the EigenLayer ecosystem as a whole.

Additionally, Ether.Fi's liquid token (eETH) will be whitelisted by Omni, and Ether.Fi's node operators will be chosen to run Omni's Actively Validated Service (AVS). This deal signifies a significant commitment from Ether.Fi, as it represents one-third of their total value locked (TVL).

This market has seen explosive growth, with EigenLayer's TVL surging from US$250 million to US$10 billion since December. Ether.Fi is launching a "final countdown" campaign on Monday, which might be related to an airdrop of governance tokens for users who participated in their restaking program.

Trade ETH on BTC Markets.

Ripple's XRP escrow boosts market optimism & ETF speculation.

Ripple moved 800 million XRP into escrow, following the release of 1 billion XRP the day before. This move is seen as an attempt to manage XRP supply and potentially influence its price, which rose to over US$0.62 after the escrow activity. Some analysts view this positively, while others predict a consolidation phase after the price surge.

An analyst anticipates the launch of a BlackRock XRP ETF later this year, following the resolution of the SEC vs. Ripple case. Despite BlackRock's silence on plans for an XRP ETF, the XRP community remains hopeful, especially after a pivotal court ruling in July 2023. Ripple's CEO, Brad Garlinghouse, believes an XRP ETF is inevitable but has not confirmed any discussions with BlackRock.

Trade XRP on BTC Markets.

Solana back on top: meme coins fuel trading volume surge past Ethereum.

Meme coins are driving a surge in trading volume on the Solana blockchain, pushing it past Ethereum again. Solana's US$2 billion daily volume surpassed Ethereum's US$1.8 billion, fuelled by established meme coins like WIF and BONK experiencing price hikes. This highlights the growing impact of meme coins on the crypto market and the intensifying competition between Solana and Ethereum for dominance in this space. While new token creation on Solana has cooled down, existing meme coins are driving the volume, indicating a shift in on-chain trading preferences.

Solana's decentralised exchanges (DEXs) experienced a record-breaking week with over US$11.19 billion in digital asset trading, surpassing the previous high of US$9.88 billion. This surge represents a 154% increase from the prior week and was significantly driven by exchanges Orca (US$4.5 billion worth of trading volume) and Raydium (US$3.52 billion worth of trading volume). The spike in trading volume coincided with a substantial price increase for Solana-based tokens, including SOL reaching a 22-month high.

Trade SOL on BTC Markets.

The week ahead: economic events

March 7th: China Balance of Trade.

March 8th: Euro Area Deposit Facility Rate and Interest Rate. Canada Balance of Trade. United States Fed Funds Interest Rate.

March 9th: Canada Unemployment Rate. United States Non-Farm Payrolls and Unemployment Rate. China Inflation Rate.

March 12th: Australia Business Confidence. United Kingdom Unemployment Rate. United States Core Inflation Rate MoM, Core Inflation Rate, Inflation Rate MoM and Inflation Rate.

March 13th: United Kingdom Monthly GDP MoM.

Source: Economic Calendar

Market reflections

Overview

Australia's GDP grew marginally by 0.2%, reflecting subdued household spending. Judo Bank's PMI signals a manufacturing slowdown. The RBA's Commodity Prices Index fell due to lower coal and gas prices. In the US, JOLTs report remains steady, core PCE prices rose with a surge in personal income, driven by government benefits. China's official NBS Manufacturing PMI declined, contrasting with the rise in the Caixin PMI. Japan's consumer confidence surged, while India's economy saw growth in Q4 2023 across various sectors.

Australia

• Australia’s GDP grew by 0.2% as household spending remains low.
• Judo Bank's PMI shows slowdown in Australian manufacturing.
• RBA's annual Commodity Prices Index fell in Feb due to lower coal and gas.

Australia's GDP expanded by 0.2% quarter-on-quarter in Q4 2023, slightly below expectations. Whilst household spending remained subdued, and fixed investment declined, while net trade made a positive contribution to GDP growth.

Retail sales increased by 1.1% month-over-month in January 2024, rebounding from a previous decline. The growth was driven by discounts during the Black Friday event across various retail sectors.

Judo Bank's Manufacturing PMI indicates a sustained slowdown despite a temporary rebound in January. Challenges such as low output, new orders, and employment persist, with elevated shipping costs contributing to increased input prices. However, optimism remains for increased production in 2024.

The Reserve Bank of Australia's Index of Commodity Prices recorded a year-on-year decline of 11% in February 2024, extending twelve consecutive months of contraction. Lower thermal coal and liquefied natural gas prices drove this decline.

Housing credit maintained a steady increase in January, and retail sales rebounded by 1.1% month-over-month, driven by various industries. Private capital expenditure surged in buildings and structures but dipped in equipment and machinery. Private sector credit and loan growth remained steady.

The Ai Group Australian Industry Index improved slightly in February 2024, although the manufacturing sector continued its contraction for the twenty-second consecutive month. Construction sector index declined, while the manufacturing sector's index saw modest improvement despite challenges.

Although trade balance saw a surplus in goods trade in January, it fell slightly short of market expectations. Exports saw a notable increase, particularly in non-monetary gold, while imports also rose, primarily due to non-industrial transport equipment.

Overall, while some sectors show signs of improvement, challenges such as subdued household spending and global economic factors continue to impact Australia's economic landscape.

Global

• US job openings held steady in January.
• US core PCE prices rose in January, meeting market expectations.
• Personal income surges in the U.S, driven by government benefits.
• China's official NBS Manufacturing PMI dips; Caixin PMI rises.
• Japan's consumer confidence rises, reaching its highest level since December 2021.
• India's economy grows year-on-year in Q4 2023, driven by various sectors.

There was a decrease in the number of job openings in the United States in January 2024 compared to the previous month. Job openings declined across various sectors including retail trade, transportation, warehousing, utilities, manufacturing (both durable and nondurable goods), construction, private educational services, and government.

However, there was an increase in job openings in nondurable goods manufacturing. Geographically, job openings decreased in the South, the Midwest, and the West, while they increased in the Northeast.

While the core Personal Consumption Expenditures (PCE) Price Index increased by 0.4%, meeting expectations, the annual growth rate slowed to 2.8%, indicating a moderation in inflationary pressures. Personal income witnessed a notable surge of 1%, buoyed by government benefits and dividend income.

This rise in income did not translate into robust spending, with personal expenditures growing by only 0.2%, primarily driven by services but offset by a decline in goods spending. Both the ISM Manufacturing PMI and the ISM Services PMI declined to 47.8, marking ongoing contractions in manufacturing and services activities, respectively.

In February, China's official NBS Manufacturing PMI slightly dipped to 49.1, reflecting ongoing contraction in factory activity. However, the Caixin China General Manufacturing PMI rose to 50.9, indicating growth.

Japan experienced an uptick in consumer confidence, with its index rising to 39.1, marking the highest level since December 2021.

India's economy exhibited robust growth in the fourth quarter of 2023, expanding by 8.4% year-on-year, driven by strong performances in services, finance, real estate, and manufacturing sectors.

France and Germany both witnessed a decrease in their inflation rates. France's annual inflation rate eased to 2.9%, while Germany's dropped to 2.5%. This slowdown was influenced by factors such as food and energy prices.

In January, Germany achieved a record trade surplus of EUR 27.5 billion, exceeding forecasts. This surplus was driven by a notable increase in exports, particularly to the EU, China, and Russia. Imports also rose, notably from the EU and the UK. Overall, the data indicates robust trade activity for Germany during this period.

Canada's GDP rebounded by 1% in annualised terms in Q4 2023, fuelled by exports and increased household spending. The Bank of Canada held its overnight rate at 5% in March, continuing quantitative tightening to tackle inflation. Despite CPI easing to 2.9% in January, core inflation remained high at 3-3.5%. GDP growth is weak, employment rises slowly, and wage pressures ease. The Ivey PMI fell to 53.9 in February, indicating slower economic expansion despite increased inventories.

Italy's GDP expanded by 0.9% in 2023, exceeding forecasts, with positive contributions from various sectors. However, inflation remained steady at 0.8% in February. In terms of fiscal policy, Italy recorded a budget deficit of EUR 149.5 billion in 2023, aiming to reduce it to 4.3% of GDP in the current year. However, fiscal incentives for energy-efficient home improvements posed challenges to this goal.

Regulation roundup

UK seizes crypto in crimes: no conviction needed.

UK law enforcement is gaining broader authority to seize cryptocurrencies used in crimes, including terrorism, without requiring a conviction. The expanded power comes into effect on April 26, 2024, following the approval of additional legislation supporting the Economic Crime and Corporate Transparency Act of 2023.

These new measures empower law enforcement to:

• Freeze and seize crypto assets suspected to be involved in criminal activities. This allows them to prevent the movement of these assets while investigations proceed.
• Obtain or confiscate crypto related items. The new amendments also empower law enforcement to retrieve frozen cryptocurrencies from exchanges and custodian wallet providers directly.
• Potentially even destroy seized cryptocurrencies. While the process for destruction is not explicitly defined, they may leverage commonly used “burn wallets that remove coins from circulation.”

This enhanced authority aims to crack down on the use of cryptocurrencies in illegal activities and improve law enforcement's ability to recover stolen or illegally obtained crypto assets.

Compliance conversations

Safeguarding against cyber scams.

Recognising the indicators of a cyber scam is pivotal in today's digital landscape. Scams continue to be a prevalent avenue through which cybercriminals compromise various accounts, posing significant risks to individuals, businesses, and institutions alike. Maintaining a vigilant stance against scam messages is paramount to safeguarding yourself online.

These deceptive actors, commonly referred to as 'scammers,' employ a myriad of communication channels, including email, text messages, phone calls, and social media platforms, to execute their fraudulent schemes. Their primary goal is to deceive individuals into parting with their money or divulging sensitive personal information. To achieve this, scammers often impersonate trusted entities or individuals, capitalising on familiarity to foster a false sense of trust.

To mitigate the risk of falling victim to scams, it is imperative to adopt a two-step approach:

Firstly, individuals should familiarise themselves with common scam types, which may include dating scams, investment scams, phishing emails and texts, and invoice fraud. Accessing reliable sources to validate the authenticity of any communication is crucial, such as official websites, account logins, or direct phone calls to established numbers. It is advised to refrain from interacting with links or contact details provided within suspicious messages and instead verify information through trusted channels.

Additionally, individuals should be aware of the official stance of reputable organisations regarding the nature of information they may legitimately request, enabling prompt identification of potential scams.

Secondly, in cases where suspicion persists regarding the legitimacy of a communication, individuals should refrain from clicking on links, opening attachments, or responding to requests. Scam messages often employ tactics aimed at coercing individuals into divulging personal information, such as bank account details, passwords, or credit card numbers.

Scammers may entice victims to download files, software, or grant remote access to their devices, further compromising security. In such instances, promptly contacting one's financial institution is advisable to mitigate potential risks to credit cards or bank accounts.

Financial institutions possess the capability to take proactive measures, such as account closure or transaction interception, to safeguard against fraudulent activity. Additionally, victims of cybercrime should report incidents to the appropriate authorities, such as ReportCyber or the National Anti-Scam Centre - Scamwatch, to contribute to the collective effort in combatting online scams and ensuring the security of Australia's digital landscape.

The ASIC provides a checklist of common scams and ways to avoid them. To learn more, visit ASIC’s website.

Discover more on our ‘Compliance conversation’ blog page, where we share the latest updates on safeguarding against scams and protecting your assets. Stay informed and stay protected!

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Disclaimer: The information provided on this page is issued by BTC Markets Pty Ltd (BTC Markets, we, us, our). The information is general only and is not intended to constitute an opinion or recommendation with respect to its contents. Past performance is not a reliable indicator of future performance. Any reference to past performance is intended to be for general illustrative purposes only. The information cannot be relied upon for any purposes and is not intended to be a substitute for professional advice.

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Weekly prices are accurate as of 11:00 AM AEST on 07/03/2024.