Grayscale, a major asset manager, is urging the SEC to approve options trading on Bitcoin ETFs. Benefits for Investors Grayscale CEO Michael Sonnenshein argues that options would make Bitcoin ETFs more accessible and provide investors with: Enhanced risk management tools Hedging capabilities Income generation Potential Market Growth Analysts estimate that options trading could attract up…
Realized Cap Bitcoin’s Realized Cap, which measures the total investment in the cryptocurrency, has reached a new record high. This indicates that more money than ever before is being invested in Bitcoin. Accumulation Trend Data shows that Bitcoin investors are actively accumulating the cryptocurrency. The Accumulation Trend Score, which tracks the buying and selling behavior…
Mishandled Funds Resolved Binance, the largest cryptocurrency exchange, has recovered $4.4 billion in digital assets for users who faced issues with deposits in the past two years. These issues could arise from incorrect wallet addresses, incompatible tokens, or blockchain updates. Binance successfully resolved over 380,000 cases in 2022 and 2023, ensuring that users’ funds were…
Justin Sun, the founder of Tron, has been making significant crypto transactions lately. Ethereum Accumulation From February 12 to 24, Sun’s wallet acquired 168,369 ETH, worth approximately $580.5 million. This investment has currently yielded an unrealized profit of $95 million. With the rising demand for cryptocurrencies, especially Ethereum, the value of Sun’s ETH holdings is…
Crypto analyst Inmortal believes the small-cap altcoin Constellation (DAG) is poised for a surge. Accumulation and Breakout DAG has been accumulating for over 400 days, with a breakout and retest now complete. Inmortal predicts it will reach around $0.12 by June. Scalable Distributed Network Constellation’s layer-0 protocol allows developers to build blockchains, mint crypto assets,…
Skyrocketing Potential Dan Tapiero, CEO of investment firm 10T Holdings, believes Bitcoin (BTC) could surge to $150,000-$200,000 this year. This would represent a 153%-237% increase from its current price. Tapiero suggests that once Bitcoin breaks above $70,000, it will quickly climb to $90,000. He notes that despite Bitcoin’s recent 100% rally, it does not appear…
A crypto analyst known as Altcoin Sherpa predicts that Dogecoin (DOGE) and Shiba Inu (SHIB) are poised for significant gains. DOGE and SHIB: Long-Term Potential Altcoin Sherpa believes both memecoins have undergone a lengthy accumulation phase and are now ready for a surge. However, he cautions that they are unlikely to reach their previous all-time…
Anthony Scaramucci, CEO of SkyBridge Capital, believes Bitcoin could reach $200,000 by 2024. Halving Event Catalyst Scaramucci predicts a surge in Bitcoin’s value after its halving event in April, where miners’ rewards will be cut in half. Historically, Bitcoin has experienced a significant price increase after halving events. Supply and Demand Dynamics Scaramucci attributes Bitcoin’s…
Bitwise CEO’s Optimistic Outlook Hunter Horsley, CEO of Bitwise, believes Bitcoin is on track to reach $250,000. He predicts that this milestone will be achieved sooner than most expect. Bitcoin’s Path to $250,000 Horsley believes Bitcoin will surpass its previous all-time high and rival gold’s market value. He points to the increasing demand for Spot…
A Comprehensive Analysis Alex Thorn, Galaxy’s Head of Research, shares his insights on Bitcoin’s current market cycle. Why This Cycle Is Different Record-breaking inflows into spot Bitcoin ETFs Strong support from long-term holders New analytical tools provide insights into market behavior The Spot Bitcoin ETF Effect ETFs are transforming how Bitcoin is accessed and invested…
