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Major cryptocurrencies traded mixed on Thursday, with Bitcoin and Ethereum taking a breather, signaling the onset of the profit-taking season.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD -0.28%$61,199Ethereum ETH/USD -1.21%$3,375Dogecoin DOGE/USD +6.91%$0.12

What Happened: Bitcoin skyrocketed by 44% in February, surging past the $50,000 and $60,000 milestones for the first time in years, and reaching $64,000 on Wednesday.

In the last 24 hours, 114,440 traders faced liquidation, resulting in a total of $339.26 million in liquidated assets. The most significant liquidation occurred on Bitmex, involving the DOGE-USD with a value of $5.87 million.

CoinGlass data reveals that BTC longs amounting to $56 million were liquidated, and an additional $34 million in long positions were impacted during the same period.

The trading frenzy for U.S.-listed spot Bitcoin ETFs continued on Thursday, following the largest single-day net inflow on Wednesday. BlackRocks IBIT IBIT , which ranks second in asset total among Bitcoin ETFs, maintained its position in the top 10 most-traded ETFs in the US by midday on Thursday. Barchart data revealed that it recorded over $1 billion in trading volume for the fourth consecutive day.

Top Gainers (24 Hour)CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Fetch.Ai FET/USD +21.30%$1.59Bit Torrent BTT/USD +13.00%$0.000001259UNUS SED LEO LEO/USD +11.22%$4.79

The global cryptocurrency market cap now stands at $2.32 trillion, showing a 5.76% increase in the past 24 hours.Loading… Loading…

The Nasdaq Composite surged on Thursday, reaching its first record high since November 2021. It soared 0.90% to close at 16,091.92, buoyed by the rally of tech stocks and chips at the end of the trading day.

Simultaneously, the S&P 500 also climbed 0.52% to conclude at 5,096.27. Meanwhile, the Dow Jones Industrial Average edged up by 0.12% to 38,996.39.

Economic data released on Thursday revealed that the Federal Reserves preferred measure of inflation remained persistently above the central banks target in January, although it did not surpass Wall Streets expectations. Additionally, there were indications of robust consumer spending.

The core personal consumption expenditures price index, the Federal Reserves favored inflation metric, rose by 0.4% for the month and 2.8% from a year earlier, aligning with Dow Jones estimates. The headline PCE, which encompasses food and energy categories, increased by 0.3% monthly and 2.4% annually, in line with respective forecasts for 0.3% and 2.4%.

On Thursday, crypto mining companies including Marathon Digital experienced a 15% decline, Riot Platforms saw a 10% drop. CleanSpark and Cipher Mining were down by 9% and 8% respectively, and Iris Energy retreated by 3%.

See More: Best Cryptocurrency Scanners

Analyst Notes: Cryptocurrency analyst Michael Van de Poppe said the market capitalization of altcoins is gradually ascending, indicating positive movement.

"The upside could be captured on Bitcoin, meaning a rotation towards altcoins. Therefore, Ethereum to $4,500-5,000 is likely, while altcoins will accelerate with 2-4x returns."

The analysts prediction for BTC suggests that in the event of a pullback, Bitcoin could potentially drop to as low as $46,000.

"Bitcoin manages to reach a $670 million net inflow. Mostly, this is coming through Blackrock's ETF (exchange-traded fund) and interest. The price is $62,600, with insanely strong movements before the halving. What to look for? If a correction happens, I aim at $46,000 or $53,000 for longs."

Analyst Tony Sycamore from the IG Markets brokerage firm, said, "Momentum in Bitcoin points to a test and possible breakout of $69,000. This will push Bitcoin beyond the record high of $69,000 set in the heady days of crypto peaks in November 2021."

Alex Thorn, head of firmwide research at Galaxy, expressed a bullish outlook, stating, We havent even begun to reach the heights this is likely to go. Thorn emphasized the potential impact of U.S. spot Bitcoin ETFs, referring to them as a game changer that would generate consistent and rapidly growing demand for BTC.

On-chain analyst Ali Martinez said that TD Sequential is signaling a sell alert on the 4-hour chart for Bitcoin. TD Sequential is a technical analysis indicator used to predict potential price exhaustion and trend reversals in the crypto market. It consists of a series of counts, typically up to 9 and 13, to identify buy and sell signals.

"Since Feb 15, every sell signal from this indicator has been spot-on, leading to $BTC price corrections between 1.50% and 4.20%. This is a pattern worth noting for traders eyeing short-term movements!"

Read Next: Jim Cramer Advises Against Using Binance, Provokes Strong Reactions From Twitter UsersLoading… Loading…

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Crow-Armstrong stays hot vs. hometown Dodgers

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Crow-Armstrong stays hot vs. hometown Dodgers

CHICAGO — Most players are happy to be done facing the Los Angeles Dodgers, but Chicago Cubs center fielder Pete Crow-Armstrong might not be one of them.

The Los Angeles native has torched his childhood team this season, including Wednesday night at Wrigley Field when he went 3-for-4 with a home run, two stolen bases and a career-high four RBIs, helping the Cubs to a 7-6 win. It came one night after Chicago beat L.A. 11-10, with Crow-Armstrong contributing another home run.

He was asked Wednesday whether his production has special meaning coming against the team he used to root for.

“Absolutely,” he said. “I mean, they are regarded as the best, and I think we’ve enjoyed being able to show that we’re right there with them, and yeah, it’s always a little extra special for me getting to do it against the team I grew up going to see.”

Crow-Armstrong erased a 2-0 Cubs deficit with an opposite-field, three-run homer in the fourth inning, then added a run-scoring single an inning later, which turned out to be the final run of the night for the Cubs.

Overall, he had four home runs and nine RBIs in the seven-game season series against the Dodgers, which the Cubs won 4-3 after losing the first two games in Japan in mid-March. But that was before the Cubs’ offense took off. They’re averaging an MLB-high 6.3 runs per game.

Crow-Armstrong’s season took off as well, starting over a week ago when the teams met in Los Angeles. In the 10 games since, the 23-year-old is hitting .400 with five home runs.

“He needs to send me a bottle of wine or some golf balls with all the success he’s had,” Dodgers manager Dave Roberts quipped before Wednesday’s game.

Roberts and Crow-Armstrong exchanged pleasantries before the first game of the series, as the second-year player is friends with Roberts’ son, Cole. The two played against each other growing up.

“I got a couple different connections to Doc,” Crow-Armstrong said. “He’s so great.”

That’s the same word Crow-Armstrong’s teammates are using about him as he continues to impress both at the plate and in the field. According to ESPN Research, he’s the fastest player in Cubs history to reach five home runs and 10 stolen bases, doing it in 26 games.

Plus, his pitchers love seeing him patrol center field.

“Defensively, I got to say he’s probably the best,” Wednesday’s starter, Matthew Boyd, said. “And what he’s doing at the plate is no surprise.”

Crow-Armstrong showed signs of breaking out late last year but then struggled early this season before locking in during the Cubs’ most recent road trip. He said he got “on-time” with his swing while learning how to deal with failure better. He was asked how satisfied he is with his game right now.

“If it comes out in a win, it’s very satisfactory,” he said. “It makes me feel very content. I love being able to impact it in any way I can.”

So does his manager, who called Wednesday a “wonderful game” for Crow-Armstrong.

“He made his presence felt in a big way for sure,” Craig Counsell said.

Crow-Armstrong is quickly becoming a fan favorite, as the Cubs faithful are taking to his aggressive style of play. He was asked what it’s like to hear his name chanted when he comes to the plate after producing in previous at-bats.

“I’ve tried to tune that out,” he said with a laugh. “I was actually thinking about it yesterday and I was like, I got to be 0-for-20 when they’ve chanted my name. But they continue to chant and they get behind every one of us and it’s the coolest thing.”

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Dodgers’ Snell to pause throwing after discomfort

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Dodgers' Snell to pause throwing after discomfort

CHICAGO — Los Angeles Dodgers starter Blake Snell will back off his throwing program as he continues to recover from left shoulder inflammation, according to manager Dave Roberts.

“As he was playing catch, he just didn’t feel great,” Roberts said Wednesday afternoon before the Dodgers played the Chicago Cubs. “Right now, we’re going to slow play the throwing. Will probably get it looked at again when we get back home.”

Snell, 32, has been on the injured list since early April after making just two starts for the Dodgers. He signed a five-year, $182 million contract this past offseason.

Snell, who was set to throw a bullpen session Wednesday, felt discomfort in the shoulder while playing catch Tuesday. Roberts was asked how concerning the latest setback was.

“I wouldn’t say concerning because part of the messaging from us to Blake is, it’s about later on in the season and if there’s any type of discomfort, let’s not try to fight through it,” Roberts responded.

Snell is one of several Dodgers pitchers on the mend, including left-hander Clayton Kershaw, who pitched three innings in a minor league start Tuesday, his second rehab outing this spring.

“Velocity was good,” Roberts said. “Got into the fourth inning. He’ll make a start next week. Really positive stuff.”

The Dodgers also received positive news about right-hander Tyler Glasnow after he left his last start with leg cramps. His latest bullpen session went well, according to Roberts.

Meanwhile, Shohei Ohtani is throwing again after missing time on the paternity list. He’ll have another bullpen session Saturday as he recovers from elbow surgery, though the team still doesn’t have a timetable for his return to major league action.

The team was also without catcher Will Smith on Wednesday after he injured his wrist on a play at the plate in Tuesday’s loss to the Cubs.

“As he made the tag, his [left] wrist turned in and so there’s some residual soreness,” Roberts said.

Smith could get imaging done when the team returns to Los Angeles, but Roberts wasn’t overly concerned about the injury.

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Rangers’ Seager goes on IL with hamstring strain

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Rangers' Seager goes on IL with hamstring strain

WEST SACRAMENTO, Calif. — The Texas Rangers placed shortstop Corey Seager on the 10-day injured list Wednesday because of a strained right hamstring.

Seager, 30, pulled up while running to first base in the sixth inning Tuesday at the Athletics and left the game. He started 21 of Texas’ first 23 games this season and is hitting .286 with four home runs and six RBIs. Seager has a team-high 17 hits since April 8.

The Rangers also called up infielder Nick Ahmed and designated left-handed pitcher Walter Pennington for assignment. Ahmed, 35, is seeking to appear in a major league game for the 12th consecutive season. He has played for Arizona (2014-23), San Francisco (2024), the Los Angeles Dodgers (2024) and San Diego (2024).

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