- 1. Bitcoin Rally hits $74,628, up 0.2% on April 15.
- 2. Kraken restarts U.S. IPO with SEC filing.
- 3. Fear & Greed Index at 23 signals buy opportunity.
Bitcoin rallied to $74,628 on April 15, 2024, per CoinGecko. Kraken restarted its U.S. IPO process with the SEC despite Fear & Greed Index at 23 (extreme fear), per Alternative.me.
BTC rose 0.2% intraday. Kraken's move highlights crypto resilience amid tech-finance shifts.
ETF Inflows Fuel Bitcoin Rally
Spot BTC ETFs saw $2.1 billion inflows last week, per Farside Investors analyst Will Clemente. BlackRock's IBIT led with $1.2 billion net buys.
Glassnode data shows exchange reserves down 5% week-over-week, per Glassnode Studio. Analyst Ryan Gentry notes holder accumulation stabilizes prices. Daily transaction volume reached 450,000 BTC.
Post-halving, supply caps at 3.125 BTC per block, boosting exchange reserves.
Kraken's IPO Strategy and Financials
Kraken CEO David Ripley announced the restart in an April 15 blog post. The exchange has 10 million users, $500 million quarterly revenue, and 95% proof-of-reserves audits.
BTC holdings gained 15% mark-to-market value. Trading fees rose 25% year-over-year. Kraken targets $5-7 billion valuation, like Coinbase, with AI trading and DeFi plans.
Market Resilience Despite Fear
Fear & Greed at 23 signals contrarian buys, per Alternative.me creator Christopher Wood. Sentiment lags prices by 10-15 days in bulls.
Fidelity added 5,000 BTC, per Arkham Intelligence. MicroStrategy holds 214,000 BTC ($16 billion at $74K). Stablecoin supply hit $160 billion, up 3%.
Altcoin Trends and Market Cap
Ethereum dropped 1.5% to $2,336. Solana rose 2.1% to $145 on meme activity. Total market cap reached $2.65 trillion, up 1.8%, per CoinMarketCap.
BTC dominance at 54% sets altcoin catch-up stage.
Outlook: $80K BTC by Q2
Analysts predict $80K BTC by Q2 end if ETF inflows continue. Kraken IPO may trigger Gemini, Binance listings.
Tech innovations and institutional adoption sustain rally to $75K as fear fades.
