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BTC $75,204.60 +3.66%
ETH $2,352.48 +8.25%
BNB $680.95 +1.29%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $477.87 +2.09%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $1.05 +3.37%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

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Analysis: Bitcoin outperforms gold and the stock market amid global turmoil, with ETF and Strategy increasing accumulation

According to CoinDesk, Bitcoin and Ethereum have recently outperformed gold and global stock markets, highlighting the demand for safe-haven assets amid geopolitical tensions. Wall Street brokerage Bernstein pointed out that the resilience of Bitcoin reflects a fundamental change in its ownership structure, with institutional investors dominating the market.In terms of institutional holdings, Strategy is referred to as the "last central bank of Bitcoin," continuously buying Bitcoin during market downturns. Recently, it increased its holdings by 22,337 BTC at an average price of about $70,194 each, bringing its total holdings to 761,068 BTC, with an average cost of about $75,696. Analysts noted that Bitcoin's recent performance under geopolitical pressure has reignited discussions about its role as "digital gold."Strategy's stock (MSTR) is currently trading at about a 14% discount to Bitcoin's net asset value, providing stock market investors with a high-beta way to participate in Bitcoin's rise. Through high-yield financing offered by the STRC product, Strategy further gained liquidity to support market purchases.At the same time, spot Bitcoin ETFs have attracted about $2.1 billion in inflows over the past three weeks, accounting for approximately 6.1% of the total supply, with institutional investors including wealth management firms, pension funds, and sovereign investors. Retail investors have recently shown net selling, but the proportion of long-term holders remains high, with about 60% of Bitcoin not moving in a year, indicating the continued existence of its long-term value storage properties.

Two teenagers in France were arrested for hijacking a cryptocurrency figure with explosives, and the police deployed helicopters for the pursuit

According to DL News, police in the Île-de-France region of France arrested two teenagers (aged 15 and 17) and a 35-year-old man, all suspected of carrying out two armed kidnappings targeting cryptocurrency holders on March 10 in the Île-de-France region.Reports indicate that the first incident occurred in the Essonne department in the southern suburbs of Paris, where the suspects, wearing masks and carrying small explosive devices, attempted to break into the home of a cryptocurrency holder but failed. About 30 minutes later, another incident took place in the Seine-et-Marne department, where the suspects successfully broke into the home of a female cryptocurrency holder, kidnapped her family, and stole jewelry; it has not been disclosed whether cryptocurrency assets were also stolen.The police subsequently tracked the suspects' vehicle, deploying about 100 armed special police officers and two police helicopters to pursue them, intercepting the vehicle after approximately 6 hours and discovering the stolen jewelry inside. Prosecutors have charged the three individuals with extortion, organized crime, armed robbery, property damage, and kidnapping. Currently, the 17-year-old suspect and the 35-year-old man are in custody awaiting trial, while the 15-year-old suspect is under judicial supervision, and prosecutors have appealed this decision.
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