SEC Approval on the Horizon According to Bernstein, a leading asset management firm, the SEC is likely to approve an Ethereum Spot ETF. This would make Ethereum the second cryptocurrency, after Bitcoin, to gain SEC approval for an ETF. Timeline for Approval Bernstein predicts that an Ethereum Spot ETF could be approved by May 2023,…
Cryptocurrency analyst Michaël van de Poppe believes Ethereum (ETH) and altcoins are set to gain ground on Bitcoin (BTC). Ethereum’s Rise Van de Poppe points to Ethereum’s upcoming Dencun update, which aims to lower transaction fees, and the potential approval of spot ETH exchange-traded funds (ETFs) as catalysts for its growth. He believes Ethereum has…
Smaller investors are making a comeback in the crypto market, according to a recent report by Bloomberg. This resurgence comes as Bitcoin (BTC) has rallied 25% in the past month. Positive Earnings Reports Both Robinhood and Coinbase, popular retail trading apps, reported positive earnings last week. Coinbase saw a surge in revenue and users, and…
Analyst Benjamin Cowen believes Ethereum (ETH) may be following a historical pattern that could lead to a significant price drop. Historical Precedent In the previous crypto bear market, Ethereum didn’t reach its bottom until it broke below a rising wedge pattern and retested a macro low. Cowen also noted that ETH crashed after the Ethereum/Bitcoin…
What’s the Buzz? Pixels (PIXEL), a Web3 game built on the Ronin blockchain, has skyrocketed after going live on Binance, the world’s largest crypto exchange. Details PIXEL surged from $0.47 to $0.69, a 46% increase. The token is now available for trading, farming, and other opportunities on Binance. Binance has labeled PIXEL as a “seed”…
Finance Expert’s Prediction Renowned author Robert Kiyosaki has predicted that Bitcoin will reach $100,000 by June 2024. While he didn’t specify the reason for this surge, Kiyosaki has consistently been a Bitcoin advocate. Previous Predictions Kiyosaki has previously predicted Bitcoin reaching $150,000, citing the approval of Spot Bitcoin ETFs as a catalyst. He has also…
Rising Open Interest Bitcoin’s open interest has been soaring as the price has climbed steadily. This surge reflects the growing interest in crypto since the SEC approved Spot Bitcoin ETFs. The open interest has now reached its highest level since November 2021, when Bitcoin hit its all-time high of $69,000. Historical Levels Data shows that…
Historical Pattern Points to Price Increase Cryptocurrency analyst Crypto Jelle believes Bitcoin’s current price action suggests a “Bullish Megaphone” pattern. This pattern historically indicates a price increase, and Jelle predicts Bitcoin could reach $60,000. Optimal Investment Zone Jelle also notes that Bitcoin is currently in a zone where it typically experiences significant gains. He advises…
Market Sentiment: Not Always Reliable Crypto analyst Michaël van de Poppe warns that market sentiment can be misleading. He cites examples where sentiment predicted a new all-time high for Bitcoin, but it didn’t happen. Conversely, when sentiment was negative and the price dropped to $39,000, it eventually recovered. Current Market Trends The current surge in…
Japan is opening its doors to cryptocurrencies by allowing investment funds to hold digital assets directly. Kishida’s Support Prime Minister Fumio Kishida’s government has approved a bill that will amend the Industrial Competitiveness Enhancement Act. This amendment will allow venture capital firms and investment limited partnerships to include crypto assets in their portfolios. Growing Recognition…
