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GBTC Could See $2.7 Billion Outflow Upon ETF Conversion, JPMorgan Analysts Say
24.11.2023
Source: Pixabay / petre_barlea JPMorgan analysts have reported that the Grayscale Bitcoin Trust (GBTC) could experience outflows of at least $2.7 billion if it is converted into a spot Bitcoin exchange-traded fund (ETF). The report from JPMorgan suggests that traders have been buying GBTC shares...
Bitcoiner Pays $3.1 Million Transaction Fee; Analysts Debate Possible Factors
23.11.2023
Source: Pixabay / Michael Wuensch A Bitcoin (BTC) user has reportedly paid $3.1 million in transaction fees to transfer 139.42 BTC sparking vast community reactions and opinions by on-chain analysts. On-chain data on Nov 23 shows a Bitcoiner paid a shocking transfer fee of 83 BTC approximately $3.1...
Will Dogecoin (DOGE) Experience a Surge in 2023? Emerging Crypto Rival Challenges Its Growth Trajectory
23.11.2023
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. TLDR Market analysts anticipate Dogecoin (DOGE) witnessing a price surge of % by the end of 2023. A new meme coin has threatened the position of top meme coins with predictions of 150% price...
US Seizes $9 Million in Tether Allegedly Linked to Pig Butchering Crypto Scams
23.11.2023
The U.S. Department of Justice (DOJ) has seized $9 million in tether (USDT) allegedly linked to “pig butchering” crypto scams. The Justice Department explained that U.S. Secret Service agents and analysts tracked the laundering of victims’ crypto deposits through numerous...
JPMorgan Says Binance’s Record $4.3B Settlement Removes ‘Systemic Risk,’ Calls It ‘Positive’
22.11.2023
JPMorgan calls Binance’s costly settlement with U.S. regulators a positive development for crypto. Image by HTGanzo, Adobe Stock. Crypto exchange Binance’s $4.3 billion settlement with U.S. authorities marks a positive development for the company and the broader cryptocurrency sector...
Analysts Fear European Digital Identity Wallet Implementation Might Lead to Mass Surveillance
21.11.2023
A group of analysts and companies have raised their voices against the risks that the upcoming European Digital Identity Wallet implementation might bring to Europeans’ privacy. Article 45 of a leaked Eidas document (Electronic Identification, Authentication, and Trust Services) indicates...
$100 Billion in TradFi Capital Awaits Imminent Bitcoin ETF Green Light, Says Bloomberg Analysts
20.11.2023
Bloomberg analysts forecast $100 billion ready to invest in a Bitcoin ETF upon SEC approval. Image by Parradee, Adobe Stock. A spot Bitcoin exchange-traded fund (ETF) could rapidly become a $100 billion market, according to new projections by analysts at Bloomberg Intelligence. This prediction...
Bitcoin Surpasses $37K on Argentina Presidential Election Result as Analysts Focus on Fed Notes
20.11.2023
Crypto markets added some 2% in the past 24 hours, with artificial intelligence-focused tokens driving the most gains for weekend traders
Market Analysts Are Backing This AI Crypto Platform – Here’s What You Need to Know
16.11.2023
yPredict employs artificial intelligence to empower investors through data-driven AI crypto analytics and price prediction. Image by SolaruS, Adobe Stock. Cryptocurrency investing is growing increasingly complex, but yPredict intends to cut through the confusion using artificial intelligence....
Bank of America: CBDC Adoption Grows Globally, but Digital Dollar Not Imminent
15.11.2023
Source: iStock/E_Y_E The United States is working on a digital dollar but is unlikely to actually launch one anytime soon, according to Bank of America. In a Monday report, analysts led by Alkesh Shah said that central banks for 67% of countries are exploring central bank digital currencies...
Bitcoin Drops 4% to $35K Despite Soaring Tradfi Markets, But Analysts Remain Optimistic
14.11.2023
An unexpected slowdown in inflation sent stock and bond markets sharply higher, but crypto was left out, possibly due to declining enthusiasm about the imminent approval of a spot bitcoin ETF
JPMorgan Analysts Say Bitcoin Rally ‘Overdone’, Question Crypto Market Fundamentals
9.11.2023
JPMorgan analysts are unconvinced by Bitcoin’s price rally. Image by Waqas, Adobe Stock. In a report published Wednesday, JPMorgan analysts cast doubt on the sustainability of the latest bitcoin rally, stating that the sharp gains look ‘overdone’ relative to...
Bitcoin Jumps Nearly 4% as US SEC Opens Talks With Grayscale Over Spot ETF Conversion
9.11.2023
Source: Pexels The leading cryptocurrency, Bitcoin, is racing towards $37,000 as it has surged nearly 4% in the last 24 hours Bitcoin has been pumping recently based on the speculation around spot Bitcoin ETF conversion that will bring major institutional funds to invest in the largest...
SEC’s first window to approve all 12 spot Bitcoin ETFs starts today
9.11.2023
There’s an eight day window between Nov. 9 and Nov. 17 where all 12 spot Bitcoin ETF filings could be approved by the SEC, according to Bloomberg ETF analysts James Seyffart and Eric Balchunas
Brief Approval Window Opens for spot Bitcoin ETF Applicants, 90% Chance of Approval by January
8.11.2023
In an exciting development, Bloomberg ETF research analysts, Eric Balchunas and James Seyffart, unveiled data showing an eight-day long window wherein the Securities and Exchange Commission (S.E.C) could approve all 12 spot Bitcoin ETF applicants beginning as soon as tomorrow. A Brief Window...
Best Crypto to Buy Now November 7 – Cronos, Radix, Injective
7.11.2023
With various cryptocurrencies exhibiting large movements today, analysts are touting several cryptocurrencies as the best crypto to buy now. Image by cryptonews.com. With various cryptocurrencies exhibiting significant movements today, Cronos, Radix, Injective, Meme Kombat, and Launchpad XYZ have...
Top Crypto Analysts Are Quietly Loading Up on This Hidden Coin – What Do They Know?
7.11.2023
AI crypto startup yPredict gains traction with its unique analytics and $YPRED token presale. Image by Nuthawut, Adobe Stock. A new crypto startup called yPredict has been attracting attention from top crypto analysts who are quietly loading up on the project’s native token, $YPRED. But what...
Bitcoin Price Prediction: Bitcoin Dips Nearly 1%, Eyes ETFs & Munger’s Critique in Market Rally
6.11.2023
Bitcoin, the pioneering cryptocurrency, has experienced a slight dip of nearly 1% amidst a broader market rally, drawing the attention of investors and analysts alike. As it navigates through the tumultuous tides of the financial markets, Bitcoin‘s trajectory is influenced by a myriad...
Central Bank Gold Demand Swells in Q3 Amid Global Unrest
4.11.2023
Central banks around the world maintained their appetite for gold in the third quarter of 2023, with their purchases totaling 337 metric tons, the World Gold Council’s (WGC) third-quarter report shows. Analysts from the council suggest that this steady central bank activity is indicative...
Bitcoin Price Prediction as BTC Challenges $36,000 Resistance: Is a Breakout Imminent?
4.11.2023
Bitcoin ‘s tenacious battle against the $36,000 resistance mark has captured the attention of investors and analysts alike, with the cryptocurrency exhibiting marginal gains of 0.02% to position itself at $34,730 on Saturday. This comes amidst a broader regulatory sweep, as U.S. authorities...