Bitcoin L2s set to explode, and where’s all that new crypto VC money going?

The last 24 hours saw a lot of high-level analysis of Bitcoin in the wake of its heavy dip. Analysts and traders have been out in force to predict what will happen next, and we’ve got all the best insights for you. Meanwhile, Tether posted absurd profits in Q1, and we’ve got a round-up of crypto venture capital funding in the past month to keep you ahead of the curve.

Further reading:

• The reasons Bitcoin price is down 11% since the halving
• Bitcoin dumps ‘bull market excess’ as daily ETF outflows pass $500M
• BlackRock Bitcoin ETF sees first outflow day amid record ETF bleed
• Jerome Powell’s pivot heralds a boring summer for Bitcoin
• Bitcoin’s dominance ‘likely peaked’ as altcoins ’start to wake up’ — Analyst
• Bitcoin L2s set to explode as Runes congest BTC network
• Tether nets record $4.5B profit in Q1 2024 — majority from Bitcoin and gold
• VC Roundup: Gaming investments surge 94% in Q124 as market rebounds

So, grab yourself a coffee, and let’s get into it!

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