Solana: The Likely Contender Experts predict that Solana (SOL) could be the next cryptocurrency to get its own ETF. Brian Kelly of BKCM believes Solana is the “Big 3” along with Bitcoin and Ethereum, and since the latter two already have ETFs, Solana is the next likely candidate. Bloomberg’s James Seyffart agrees, suggesting that a…
Matt Hougan, chief investment officer of Bitwise, predicts that Ethereum (ETH) could reach new all-time highs if spot ETH exchange-traded funds (ETFs) are approved. SEC Rule Change Paves the Way The U.S. Securities and Exchange Commission (SEC) recently approved a rule change that allows for the potential approval of spot market Ethereum ETFs. Billions in…
Crypto analyst Rekt Capital has declared that Bitcoin (BTC) has exited the “danger zone,” a period where a drop below a certain range is possible. However, he warns that BTC could still experience a 13% dip from its current value. Post-Halving Phases According to Rekt Capital, Bitcoin typically enters the “danger zone” after a halving…
Technical Analysis Suggests Upside Potential Guy Turner, host of the popular YouTube channel Coin Bureau, believes that Fantom (FTM) has significant upside potential. He points to a technical pattern on the weekly chart that resembles a “head and shoulders” pattern, which typically indicates a bullish trend. Turner predicts that FTM could rally as high as…
Jack Mallers, CEO of Bitcoin wallet and payments app Strike, predicts that Bitcoin could hit a staggering seven-figure price in the coming months. Bold Price Target In an interview with Anthony Pompliano, Mallers stated that Bitcoin could rise by 260% to 1,357% from its current value of around $68,653. “I think we’re still so early…
Growing Investor Interest Bitcoin spot ETFs have seen a remarkable turnaround in recent weeks, with positive inflows for two consecutive weeks. This shift reflects a surge in investor confidence in these investment products. Significant Inflows On Friday, May 24th, the US Bitcoin spot ETF market recorded a net inflow of $252 million, marking the 10th…
Post-Halving Consolidation After the Bitcoin halving in April, analysts observed a “post-halving danger zone” where the cryptocurrency lost 11% of its value. This was followed by an attempted breakout that was rejected at $71,500, the upper limit of a long-term consolidation phase. Expected Consolidation Period Analyst Rekt Capital predicts that Bitcoin will remain in consolidation…
Deceptive Chats and Illusory Profits South Korean police have arrested 19 individuals linked to a deceptive “crypto reading room” scam. The gang operated a chat room on platforms like Telegram and KakaoTalk, posing as crypto experts and providing seemingly valuable tips. Victims were lured into investing in fake crypto exchanges that housed unlisted coins. Bogus…
Coinbase’s Appeal Request Coinbase is facing a legal battle with the SEC over whether its staking program constitutes an investment contract. Coinbase believes this is a critical legal question that should be addressed by an appellate court. SEC’s Response The SEC argued that the existing Howey Test is sufficient to determine whether a digital asset…
Bitcoin ETFs on a Roll Bitcoin exchange-traded funds (ETFs) have been on a tear for eight straight days, with over $150 million in net inflows on a single day. This surge shows that investors are flocking to Bitcoin ETFs, making cryptocurrency more accessible and accepted in traditional markets. Ethereum ETFs on the Horizon The excitement…
