Institutional Investors Seek ‘Non-Debt Money’ Matt Hougan, Chief Investment Officer of crypto fund manager Bitwise, has revealed that large investors are increasingly turning to Bitcoin (BTC) to mitigate risks posed by economic challenges. Concerns over Inflation and Debt Institutions are expressing concerns about persistent inflation and the US government’s rapid debt accumulation. Hougan explains that…
Glassnode founders Jan Happel and Yann Allemann believe the declining strength of the US dollar could trigger a Bitcoin rally. Dollar Index Suggests Downward Trend The US Dollar Index (DXY), which measures the dollar’s strength against other currencies, may have reached a peak. This suggests a potential downward move, which could benefit cryptocurrencies like Bitcoin….
Miners’ Bitcoin Holdings at 12-Year Low Before the recent halving event, Bitcoin’s price took a dive towards $60,000. On-chain data suggests that miners may have played a role in this price dip. Data shows that miners have been selling their Bitcoin holdings in the lead-up to the halving. As of now, miners’ collective BTC reserves…
Post-Halving Surge With the recent halving event, analysts predict a bull run for Bitcoin based on past trends. Crypto analyst ecoinometrics believes Bitcoin could reach six figures in the current cycle. Potential Price Range According to ecoinometrics, if Bitcoin follows similar growth patterns as previous cycles, it could trade between $140,000 and $4,500,000. This range…
The Bitcoin halving has happened, and crypto investors are excited about what it means for the price of Bitcoin and other cryptocurrencies. What is Bitcoin Halving? Bitcoin halving is when the reward given to miners for verifying transactions is cut in half. This happens every four years or so, and it’s designed to keep the…
The financial world is seeing a major shift in cryptocurrency investment, with big players moving into Bitcoin Exchange-Traded Funds (ETFs). Growing Institutional Interest Bitwise CEO Hunter Horsley predicts a huge increase in Bitcoin ETF holdings by wealth management firms by the end of 2024. This shows that institutions are becoming more confident in Bitcoin as…
A Nigerian court has pushed back the hearing for a tax evasion case against Binance and its executives to May 17. Background The Nigerian Federal Inland Revenue Service (FIRS) filed charges against Binance and two of its executives in March for failing to pay taxes and helping customers avoid taxes. Binance had not registered with…
Grayscale, a leading asset management firm, has announced details about its new Bitcoin Mini Trust, a spin-off of its popular GBTC exchange-traded fund (ETF). Low Fees, High Value The Mini Trust will charge a fee of just 0.15%, significantly lower than the current 1.5% fee for GBTC. This makes it the cheapest Bitcoin ETF on…
Accumulation Phase Ethereum investors are actively accumulating the cryptocurrency, with over $500 million worth of ETH withdrawn from exchanges in the past week. This outflow is the highest since February, indicating that investors are confident in Ethereum’s long-term value. Whale Activity Whale transactions have also increased, with outflows from exchanges exceeding inflows. This suggests that…
Bank Closures Leave Residents Stranded Thousands of Australians are facing a financial nightmare as banks close their physical locations, leaving residents without access to cash. In the town of Kununurra, Western Australia, 4,500 residents are now forced to travel 500 miles to the nearest bank. Commonwealth Bank, NAB, and Westpac have all closed their branches…
