💪Bitcoin soars past $30k as bullishness engulfs the crypto verse!

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Trending over the past 24 hours 👇️ 

1. 💪 Taking charge - Bitcoin storms past $30k and dominance hits 51% as institutional interest re-emerges.

2. 🛑 Users’ Beware - Apple removes malicious Trezor app from its App Store.

3. 👍️ More ETF’s! - WisdomTree & Invesco resubmit spot Bitcoin ETF applications after BlackRock’s submission in the US.

Wrecking the bears 🐻 

A week can feel like a year in crypto! Let’s be honest, a lot has happened recently, and the sentiment has quickly sea-sawed from sheer panic to sudden FOMO in a matter of weeks.

Not more than 2 weeks ago, investors were pushing their panic buttons as the SEC announced lawsuits against Binance and Celsius announced its intention to dump its alt-coin holdings. Fast forward a fortnight and the sentiment has flipped completely, thanks to renewed institutional interest amongst the biggest financial giants in the world. Here’s the tsunami of bullish news that we are talking about 👇️ 

•  Germany's Deutsche Bank applies for license to offer Bitcoin custody services

• Finance giants Fidelity, Charles Schwab and Citadel launch Bitcoin and crypto exchange.

• BlackRock applies with the SEC to launch a spot Bitcoin ETF.

• WisdomTree & Invesco resubmit their spot Bitcoin ETF applications.

• GBTC trading volume spiked 400% after multiple major institutions filed for Bitcoin ETFs.

• $40 Billion Santander Bank, which is Spain's largest, tweeted about the Bitcoin Lightning Network, after restricting their customer’s crypto spending just over a year ago.

• Fidelity shows interest in buying Grayscale & to reapply for Spot ETF.

Amidst this bullish sentiment, Bitcoin has broken through the important $30,000 psychological resistance with strong volumes and is trying to climb higher. Over the past 24 hours, more than $73 million in short positions have been liquidated. Bitcoin dominance is also on the rise, surpassing 51% at the time of writing, as money flows from altcoins to Bitcoin, further fueling the rocket ship.

Imposter spotted ⛔️ 

In an alarming discovery, a malicious app posing as the popular crypto hardware wallet Trezor was found on Apple's App Store 🛑 The app, named "Trezor Wallet Suite," aimed to deceive unsuspecting users into entering their seed phrases, effectively giving the app's operators access to their entire crypto stash.

Though Apple has taken down this particular fake app, a quick search reveals that similar copycat apps may still be lurking in the shadows, posing a threat to crypto holders. It's essential to remain vigilant!

To protect yourself, we at Coinsauce advise our readers to download mobile apps for crypto wallets exclusively from the official websites of the manufacturers themselves. Better safe than sorry 🤷 

Sadly, this isn't the first time Apple's App Store has been infiltrated by fraudulent wallet apps. In 2021, a user reportedly lost $600,000 in Bitcoin after falling victim to a malicious Trezor app.

Remember folks, in crypto, there is no shortage of scammers and imposters. Stay alert, stay informed and HODL safe!

An ETF Avalanche 🎿 

The race for the first Spot Bitcoin ETF is on, and asset managers from across the globe are wanting to have a piece of the pie.

Following BlackRock's recent application for a Bitcoin ETF last week, WisdomTree and Invesco have re-applied for the same, in order to provide investors with indirect exposure to the price movements of Bitcoin.

WisdomTree and Investco have a combined of over $1.6 trillion in AUM, while BlackRock handles ~$10 trillion all by itself! This could potentially mean billions of dollars worth of institutional investments flowing into Bitcoin in the coming few years! 💰️ 

In some more bullish news, finance giants Fidelity, Charles Schwab, Sequoia Capital, Citadel, etc have launched a Bitcoin and crypto exchange called EDX Markets. You can read more about the exchange here.

Fresh fiat entering the ecosystem is exactly what is needed to fuel the next bull run, and hopefully, with some sensible regulations, the industry can continue to innovate, adapt and grow! Exciting times ahead ❗️ 

Meme of the day

Crypto twitter waiting for a Bitcoin Spot ETF like..😂 

And with that, we wrap up today’s updates. Tune in again tomorrow for more crypto insights, memes and updates. Follow us on social media so that you don’t miss a beat! Until next time, keep calm and trade safe!

Disclaimer: This newsletter is educational and does not constitute financial advice. You must exercise caution and conduct your research before making any financial decisions.

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