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Analyst Raoul Pal Predicts Altcoin Boom Former Goldman Sachs executive Raoul Pal believes the altcoin market is poised for a major rally, potentially entering “crypto summer” within a month. Altcoins Poised for ‘Banana Zone’ Pal predicts that altcoins, excluding Ethereum, will hit an all-time high market cap, entering the “banana zone” where prices soar. Ethereum…

Spot crypto exchange-traded funds (ETFs) are expected to launch in Hong Kong next week, according to Reuters. Bitcoin and Ethereum ETFs Three asset managers, China Asset Management, Harvest Fund Management, and Bosera Asset Management, have received regulatory approval from the Securities and Futures Commission (SFC) to offer Bitcoin (BTC) and Ethereum (ETH) ETFs. Trading is…

Crypto Whales on a Buying Spree New Bitcoin whales are accumulating BTC at a remarkable pace, nearly doubling the holdings of long-term whales, according to Ki Young Ju, CEO of CryptoQuant. Defining Whales Ju defines new whales as addresses holding at least 1,000 Bitcoin with an average coin age of less than 155 days, while…

Crypto trader Michaël van de Poppe believes Bitcoin’s dominance has reached its peak. This suggests that altcoins may soon gain momentum. Ethereum ETF Impact Financial giants like Blackrock and Grayscale are awaiting SEC approval for a spot Ethereum ETF. If approved, it could boost ETH’s price and potentially spill over to altcoins. Negative Altcoin Sentiment…

Upbit, South Korea’s largest crypto exchange, has a staggering 80% share of the country’s trading volume. This dominance has placed it among the top five global exchanges. Global Recognition Upbit’s dominance in South Korea is unmatched in other major crypto hubs. Over 6 million Koreans, or 10% of the population, traded cryptocurrencies in the first…

Long-Term Holders’ Pattern IntoTheBlock, a market intelligence platform, has identified a pattern in Bitcoin’s long-term holders (LTHs) that suggests the bull market may not be over yet. LTHs are investors who have held their coins for over a year. LTHs and Market Resilience LTHs are considered the most resilient investors, as they tend to hold…

Despite a recent 13% drop from its peak, Bitcoin remains a hot topic. One analyst believes the coin is in a “Wyckoff Re-accumulation” phase, where big players are quietly buying at a discount. Wyckoff Re-accumulation Pattern This pattern suggests Bitcoin is consolidating within a trading range of $60,000 to $74,000. The analyst believes this consolidation…

Inflows Dry Up BlackRock’s Bitcoin ETF (IBIT) has hit a snag in its impressive run. After 71 consecutive days of inflows, the ETF recorded zero inflows on Wednesday. This is the first time in almost three months that IBIT has not seen any new money coming in. Turning Point? IBIT had been leading the pack…