Bitcoin Price Stability Forecasted as Spot ETF Outflows Persist
Posted inBitcoin Analysis Market Trending

Bitcoin Price Stability Forecasted as Spot ETF Outflows Persist

May 1, 2024
Following the halving, Bitcoin's price trajectory has been marked by volatility or stagnation, prompting speculation that the cooling trend could continue as spot ETF outflows persist. Recent data from U.S. spot Bitcoin (BTC) ETFs on April 30 revealed significant single-day net outflows, with GBTC leading the pack with over $93 million. This contributed to a ... Read more
Opinion:Learning from the FTX Trial—Why Regulating CEXs Alone Won’t Suffice
Posted inCrypto Analysis

Opinion:Learning from the FTX Trial—Why Regulating CEXs Alone Won’t Suffice

April 28, 2024
The fallout from the FTX collapse has triggered a reevaluation of centralized exchanges (CEXs), revealing inherent flaws that demand urgent rectification. While regulatory oversight is crucial, it's evident that compliance alone cannot avert crises like FTX's downfall. Here's why. Compliance as a Starting Point The FTX debacle underscores the imperative for robust corporate compliance within ... Read more
Bitcoin Runes Protocol Generates $135 Million in Transaction Fees Post-Halving
Posted inBitcoin Analysis Trending

Bitcoin Runes Protocol Generates $135 Million in Transaction Fees Post-Halving

April 26, 2024
In a significant milestone achieved nearly a week after the halving event, Bitcoin Runes have emerged as a transformative force, prompting analysis and discussion among observers and participants within the cryptocurrency realm. Recent data from a Dune Analytics dashboard reveals that the Runes protocol on Bitcoin (BTC) has amassed a staggering $135 million in transaction ... Read more
Standard Chartered Stands Firm on $150k Bitcoin Prediction Despite Recent Downturn
Posted inBitcoin Analysis Market Trending

Standard Chartered Stands Firm on $150k Bitcoin Prediction Despite Recent Downturn

April 22, 2024
Geoff Kendrick, the head of digital assets research at Standard Chartered, is doubling down on his optimism regarding Bitcoin, as his firm maintains a year-end price target of $150,000 for the cryptocurrency. As reported by Business Insider, Kendrick expressed confidence that "Bitcoin’s price could still more than double this year." In an interview with BNN ... Read more
Bitcoin Halving Triggers Market Volatility, Hong Kong Approves Crypto ETFs, TON Ecosystem Thrives: Weekly Roundup
Posted inBitcoin Analysis Crypto Market Trending

Bitcoin Halving Triggers Market Volatility, Hong Kong Approves Crypto ETFs, TON Ecosystem Thrives: Weekly Roundup

April 21, 2024
The week leading up to the much-anticipated Bitcoin halving was rife with speculation and volatility across the cryptocurrency market. Here's a recap of the top headlines from the past week: Anticipation Builds for Bitcoin Halving: As the fourth Bitcoin halving approached, discussions surged regarding its potential impact on the market. Kris Marszalek, CEO of crypto.com, ... Read more
Regulatory Uncertainty Casts Shadow on Ethereum’s Path to $3,300
Posted inEthereum Analysis Market Trending

Regulatory Uncertainty Casts Shadow on Ethereum’s Path to $3,300

April 19, 2024
As Ethereum holds steady in the current market, it finds itself confined within a narrow range, delineated by the bearish candlestick formation observed on April 13th. While there are glimpses of strength, a decisive breakthrough above local resistance levels, accompanied by increased participation, is necessary for bullish momentum to take hold. However, such a breakout ... Read more
“Ethereum Gas Fees Plummet to Three-Month Low, ETH Price Rebounds to $3,100 Amid Market Turbulence”
Posted inEthereum Analysis Market Trending

“Ethereum Gas Fees Plummet to Three-Month Low, ETH Price Rebounds to $3,100 Amid Market Turbulence”

April 19, 2024
Amidst escalating geopolitical tensions, including the Israel-Iran conflict, Bitcoin and the broader cryptocurrency market experienced significant selling pressure earlier today. However, investors swiftly responded with strong buying interest, leading to a robust recovery. Ethereum, which had dropped to $2,877, has rebounded strongly to $3,100. Ethereum Gas Fees Drop to Three-Month Low Recent data from on-chain ... Read more
BlackRock’s Bitcoin ETF Sees $73 Million Inflows Amid Sluggish Market
Posted inBitcoin Analysis Market Trending

BlackRock’s Bitcoin ETF Sees $73 Million Inflows Amid Sluggish Market

April 16, 2024
Amid a subdued market environment, BlackRock's Bitcoin exchange-traded fund (ETF) stands out as the sole spot Bitcoin fund in the United States to record significant inflows on Monday. Data from Farside Investors reveals that the iShares Bitcoin Trust (IBIT) attracted net inflows of $73.4 million on April 15, although this marked a decrease from the ... Read more
Bitcoin Miners Expected to Liquidate $5 Billion in BTC Post-Halving
Posted inBitcoin Analysis Market Trending

Bitcoin Miners Expected to Liquidate $5 Billion in BTC Post-Halving

April 15, 2024
Market analysts are anticipating that Bitcoin miners could offload approximately $5 billion worth of Bitcoin in the months following the upcoming halving, a trend observed in previous cycles. Markus Thielen, head of research at 10x Research, outlined these projections in an analyst note dated April 13, highlighting the potential for a prolonged period of selling ... Read more