Spot Bitcoin ETF Launches Hong Kong has made a big move in the crypto world by approving the first spot Bitcoin and Ethereum ETFs. But don’t get your hopes up too high. Analyst Warns of Cautious Approach ETF analyst Eric Balchunas is advising investors to be careful about expecting a huge surge of money into…
Crypto Staking, Trading, and Custody to Be Governed The United Kingdom is set to implement new laws for cryptocurrencies, including stablecoins, staking, trading, and custody. These regulations are expected to be in place by mid-2024. Financial Services Act Approval The Financial Services and Markets Act, passed in June 2023, paved the way for cryptocurrencies to…
A well-known crypto analyst believes that Solana (SOL) could bounce back from its recent 45% drop and rally to over $200. Analyst’s Predictions According to the analyst, known as Inmortal, SOL’s current dip could be a “lifetime opportunity” for investors. He predicts that SOL will erase most of its losses and rally above $200. Bitcoin’s…
Altcoin Market Cycle According to analyst Rekt Capital, altcoin market cycles typically occur in quarterly waves. The most recent cycle peaked this month. Rekt predicts altcoins may reach their lowest point in late May or early June, followed by a new “hype cycle” in July. Bitcoin’s Outlook Despite recent corrections, Rekt believes Bitcoin remains in…
Former Treasury Secretary Larry Summers is strongly advising against a potential rate cut by the Federal Reserve. Inflation Concerns Summers highlights the recent core consumer price index (CPI) numbers, which exceeded expectations, as evidence that inflation is accelerating. He emphasizes that the presence of inflation should not be surprising given the strong economic growth, low…
A renowned crypto analyst predicts that Bitcoin (BTC) is poised to soar to new heights, mirroring its pre-ETF price action. Halving Hype The analyst believes that Bitcoin’s price will surge leading up to the halving, when miners’ rewards are cut in half. This event is expected to boost demand for BTC, driving its price higher….
Bitcoin took a tumble over the weekend, falling to $60,850 before recovering to around $64,500. This sudden drop has sparked a lot of questions. The “End Run” Theory Peter Brandt, a veteran trader, believes the price action is a potential turning point. He calls it an “end run,” a maneuver to bypass obstacles and gain…
Bitcoin’s Rise in Sports Brazilian UFC fighter Renato Moicano made headlines by demanding his $300,000 bonus in Bitcoin. This move reflects the growing popularity of cryptocurrency in the sports industry. Moicano’s Request After his victory at UFC 300, Moicano expressed his support for Bitcoin and requested that his bonus be paid in the cryptocurrency. His…
Cautious Optimism After a tumultuous 2023, cryptocurrency investors in Germany, Austria, and Switzerland (DACH) are cautiously returning to the market. A recent study found that over half (54%) are allocating a significant portion of their investments to digital assets. However, this enthusiasm is tempered by a newfound prudence. Investors are conducting thorough research and prioritizing…
Recent Drop in Open Interest Bitcoin’s Open Interest, a measure of derivative contracts, has recently seen a significant decline. This means that investors are closing or liquidating their positions. Overheating and Volatility Historically, high Open Interest levels have indicated an overheated market, leading to increased volatility. The recent surge in Open Interest coincided with Bitcoin’s…
