As the week gains momentum, so does the excitement in the crypto world. Join us today as we unravel the latest developments, market trends, and insightful analysis shaping the landscape of digital assets. Stay ahead of the curve with our comprehensive coverage and let's navigate the week together in the dynamic realm of cryptocurrencies!"

MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)

The global crypto market cap is $2.53T, a 4.45% increase over the last day.

The total crypto market volume over the last 24 hours is $197.25B, which makes a 60.11% increase. The total volume in DeFi is currently $13.05B, 6.62% of the total crypto market 24-hour volume. The volume of all stable coins is now $175.05B, which is 88.75% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.48%, a decrease of 0.30% over the day.

A new Bitcoin all-time high before the halving: is it possible?

Bitcoin price is trading above $60,000, putting it within striking distance of setting a new all-time high. This would be an unprecedented move for the top Cryptocurrency by market cap, which historically has only made a new price record only after each halving event.

Could BTC set a new record in more ways than one: by reaching a new all-time high before the halving for the first time ever? Let’s take a look at the data.

UK Government Holds 61,000 Bitcoins Confiscated in 2018 Now Worth $4B

UK government’s Bitcoin holdings value crossed $4 billion as BTC price rallied past $68,000 looking forward to make new all-time highs.

In the latest development, Arkham Intelligence unveiled a significant development regarding the seizure of Bitcoin by the UK Metropolitan Police. In 2018, the UK Police Department confiscated a total of 61,000 Bitcoins, presently valued at $4 billion, from individuals Jian Wen and Zhimin Qian.

The authorities gained access to the seized Bitcoin in July 2021, shedding light on the intricate details of the case. It was revealed that Qian had purportedly acquired the Bitcoin using funds obtained from an investment fraud scheme conducted in China spanning from 2014 to 2017. Furthermore, Qian is reported to be an alleged fugitive wanted by the Beijing authorities.

The revelation underscores the global efforts to combat financial crimes and emphasizes the role of cryptocurrency in facilitating investigations into illicit activities. Earlier this year in January, the Southwark Crown Court in London stated that Qian illicitly acquired approximately 5 billion pounds from over 128,000 investors, which she subsequently converted into bitcoin. She has since evaded authorities and is currently a fugitive.

Furthermore, in 2018, she attempted to purchase a property in London for 12.5 million pounds. However, the law firm responsible for the transaction was unable to verify the source of the Bitcoin used for the purchase.

Stay tuned for tomorrow's updates as we bring you the latest news and information. We will keep you informed and provide you with all the necessary details.

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