The Bitcoin Street Journal Bitcoin Market Update Episode 7 Week 21

Welcome to The Bitcoin Street Journal, your go-to podcast for daily live updates on the world of bitcoin markets. With current live bitcoin technical analysis, up-to-date information on Bitcoin (BTC) price, market capitalization, and market supply, you'll always be in the know on the latest happenings in the ever-evolving world of cryptocurrency. Be sure to hit the subscribe button to stay informed and never miss an episode! In today's episode, we'll cover the latest news on crypto exchanges and regulatory updates, followed by insights into cryptocurrency conferences, DeFi tokens, Ripple gains, and investment plans of some of the major players in the industry.Exciting news in the crypto world! FTX CEO John Ray has confirmed plans to restart the exchange. According to court documents, Ray has been working on the relaunch throughout April. Unsurprisingly, the price of FTT has increased by 13%.But that's not all - China's Central Television network has just announced that Hong Kong is allowing retail investors to buy Bitcoin. This is big news for the crypto market!Although, trading volumes across crypto exchanges are at their lowest levels since 2020 despite the surge in Bitcoin's price.Interestingly, Africa is leading in the number of Google searches for "bitcoin mining." It seems like the world is catching on to the potential of crypto.In other news, the top 10 largest stocks in the world are now worth a combined $13.6 Trillion. That's a lot of money!In terms of politics, the U.S. default is off after Joe Biden and Republican Kevin McCarthy reached a tentative agreement to raise the national debt ceiling for two years. However, congressional approval is still needed to complete the deal.Did you know that the United Arab Emirates is the country with the highest percentage of its population owning crypto? Coming in at a close second is Turkey.However, with the rise of crypto comes the issue of security. A cumulative amount of nearly ~$3.45B has been stolen from crypto exchange custody from 48 recorded hacks since 2012.In other news, Congress has cut the proposed Biden Bitcoin and crypto mining tax from the debt ceiling deal. Finally, the supply of Tether USDT has reached an all-time high, surpassing its previous record of $83.6 billion. The stablecoin's supply has spiked significantly on Tron due to its speed and low fees.Have you heard about the latest eye-popping excess showcased at the annual Bitcoin conference in Miami? Well, someone bought a loaf of bread with a Bitcoin wallet baked inside! While the conference's latest iteration was notably smaller and less exuberant than in past years, it still managed to break new barriers for extravagance.