As Bitcoin, the primary cryptocurrency in the market, navigates through a critical juncture, investors and analysts are divided on its future trajectory. Despite a strong performance in the first half of 2024, with a notable surge past the $71,000 mark, Bitcoin has hit a roadblock and is currently in the $61,000 support zone. This dip
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The recent trend of Spot Bitcoin ETFs experiencing outflows for the past week has caused concern among investors. These outflows have coincided with a decline in the Bitcoin price, indicating that institutional sell-offs and miner sell-offs could be contributing to the trend. Data from Coinglass shows that these funds have now seen seven consecutive days
FLOKI, a Shiba Inu competitor, has seen significant growth in 2024, with its price more than doubling in value. This surge in price has attracted a wave of new investments into the meme coin, propelling it to new heights in the market. However, amidst this bullish trend, one analyst has raised concerns about the sustainability
Asset tokenization, including the tokenization of securities, has been recognized by SEC commissioner Mark Uyeda as having significant potential benefits. One key advantage of representing asset rights with a digital token on a blockchain is the increased security, transparency, and immutability it offers. By utilizing tokenization, the need for intermediaries can be eliminated, leading to
Coinbase recently voiced its objections to the Securities and Exchange Commission (SEC)’s $2.6 billion budget request for the 2025 fiscal year. A representative from Coinbase criticized the allocation of funds towards enforcement, stating that it fails to prioritize real crypto rulemaking which would provide much-needed regulatory clarity. The SEC’s budget request includes a significant increase
The recent price crash of Bitcoin, after briefly hitting $69,000, has left many investors wondering about the future of the cryptocurrency. However, despite this dip, the bulls have managed to hold up support above $67,000, indicating that there is still bullish sentiment prevailing in the market. Many are still optimistic about Bitcoin’s price potential, expecting
The recent influx of short-term traders in the Bitcoin market has brought a new wave of energy and liquidity. These traders are looking for quick profits and are more reactive to price fluctuations, as highlighted in a report by Bitfinex Alpha. While spot Bitcoin ETFs have made it easier for new investors to enter the
The cryptocurrency market has seen a surge in optimism as investment funds experience a historic inflow surge. Leading digital asset manager, CoinShares, reported a record-breaking $2 billion influx into crypto funds in just one week, surpassing the entire month of May’s net inflows. This positive trend, now spanning five consecutive weeks, has propelled total assets
Bitcoin has recently hit the $71,000 mark but has since been floating in a state of indecisiveness. This period of stagnation often precedes a significant market movement, but predicting which direction the price will take remains a challenge. One crypto analyst, Alan Santana, has delved into the Bitcoin chart to provide insights into the potential
Venture capitalist and billionaire investor, Chamath Palihapitiya, has made a daring prediction about the future of Bitcoin. According to him, Bitcoin could experience an unprecedented surge in price, reaching a staggering value of $500,000. This ambitious forecast is based on his analysis of Bitcoin’s historical halving cycles, particularly after the fourth halving event that took