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JPMorgan Analysts Downgrade Coinbase Shares to Underweight, Citing Impact of Spot Bitcoin ETFs
24.1.2024
JPMorgan analysts have downgraded Coinbase shares from Neutral to Underweight, causing a 5% drop in the stock’s value during premarket trading on Tuesday. The analysts have also established a price target of $80 per share, indicating a significant downside risk of over 37% from the current...
UBS Predicts Gold Prices Will Rise 10% in 2024 Amidst Fed Policy Pivot
24.1.2024
UBS, a financial services company, predicts that 2024 will be fruitful for gold, forecasting a price increase of 10% over current market prices. According to UBS analysts, this price increase will be powered by a pivot in the current policy of the U.S. Federal Reserve, which is projected to start...
Is It Too Late to Buy Sui? SUI Price Rallies as New Meme Coin Approaches $10 Million
23.1.2024
Looking at the charts, SUI price analysis reveals that Sui Network is primed for a significant price rally, leaving some FOMO investors asking is it too late to buy SUI? This comes amid impressive growth in SUI’s DeFi offering, which has recently seen total value locked (TVL) surge to...
Michael Howell Predicts Continued Surge in Global Liquidity Benefiting Stocks, Gold, and Crypto
23.1.2024
Crossborder Capital’s Michael Howell, a veteran in global finance, offered a liquidity-based view on the current state of the economy. He challenged the prevailing narrative of monetary tightening with evidence of a rise in liquidity, which in turn should uplift stocks, gold, and cryptocurrencies....
US Senator Marco Rubio Warns BRICS Expansion Threatens Western Sanctions’ Effectiveness
23.1.2024
Florida Senator Marco Rubio expressed his worries about the increasing influence of BRICS, the international group, in the world’s economic system. According to Rubio, if the group keeps expanding, it will be a valid alternative to the current system, allowing nations to sway away from...
Bitcoin Technical Analysis: BTC Navigates Through Bearish Currents
22.1.2024
With market capitalization standing at $798 billion and a 24-hour trade volume of $16.58 billion, bitcoin’s current state remains consolidated just above the $41K zone. As bitcoin hovers around $41,088, a meticulous analysis of its 1-hour, 4-hour, and daily chart unveils a predominantly...
Cardano Price Prediction as ADA Struggles in Corrective Pattern – Breakout or Breakdown Ahead?
19.1.2024
After nearly hitting fresh lows for the year below $0.47, the Cardano (ADA) price has recovered back to towards $0.50. However, the Cardano price continues to struggle within a corrective pattern. Indeed, at current levels, ADA remains lower by roughly 27% since hitting multi-year highs in...
Bitcoin and Ethereum Price Prediction as BTC Bounces From $40,500 Support and ETH Recovers – Sell-Off Over?
19.1.2024
Bitcoin (BTC), the foremost cryptocurrency, witnessed a notable downturn, dipping below the $42,000 threshold on Friday. This marked its steepest fall since December 2023. The current price of Bitcoin stands at $41,332.95, with a 24-hour trading volume of approximately $26.61 billion. Ethereum...
Spot Bitcoin ETFs Would Reduce Power of Whales and Increase Stability: Nansen Analyst
19.1.2024
The cryptocurrency landscape is poised for a major change with the recent approval of spot Bitcoin (BTC) exchange-traded funds (ETFs). Aurelie Barthere, Principal Research Analyst at Nansen, believes the approval will specifically impact crypto whales, who control a large share of the current token...
Circle Report Shows USDC Navigating Challenging Waters in 2023
17.1.2024
Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading. A Resilient Year for USDC Amidst Market Shifts Circle, the issuer of the USD Coin...
Skybridge Founder Expects Bitcoin to Surpass $170,000 Next Year
17.1.2024
Skybridge Capital founder Anthony Scaramucci expects bitcoin’s price to surge past $170,000 next year if the price of the cryptocurrency remains at the current level until the halving in April. He expects Bitcoin halving, as well as surging institutional demand for newly listed spot bitcoin...
USDT and Dogecoin (DOGE) Holders Buying Massive Amounts Of New ICO Token — May Follow Bitcoin’s 20000% ROI Yields
14.1.2024
Heavy ‘pocketed’ Tether (USDT) and Dogecoin (DOGE) holders are continuing to move in droves to buy a new ICO token, that’s a new Bitcoin alternative. It’s better than the $BTC by many’s point-of-view because it’s on Bitcoin-Blockchain’s top rival...
SEC Commissioner Crenshaw Dissents From Spot Bitcoin ETF Approval
12.1.2024
SEC Commissioner Caroline A. Crenshaw voices her dissent against the commission’s approval of spot bitcoin ETFs, highlighting the risks of market manipulation, the concentration of bitcoin ownership, and the inadequacy of current regulatory measures in safeguarding investor interests....
Veteran Trader Peter Brandt Labels Bitcoin ETF a ‘Classic Buy the Rumor, Sell the News Event’
10.1.2024
According to the veteran trader Peter Brandt, the current bitcoin exchange-traded funds (ETF) hype which has seen the “average guy on the street” clamoring to get may be a signal to experienced traders that it is time to sell them what they own. Brandt also characterized the expected...
Defi Can Strengthen the United States’ Leadership in Tech and Financial Services, CFTC Report Says
9.1.2024
Decentralized finance projects and their respective ecosystems potentially offer both promising opportunities and risks to the U.S. financial system, a Commodities Futures Trading Commission (CFTC) study has found. The CFTC study report recommends conducting a gap analysis against current...
Grayscale’s Bitcoin Trust (GBTC) Outpaces Majority of ETFs with Half a Billion in Trading Volume
9.1.2024
Image by Ascannio, Adobe Stock Grayscale’s Bitcoin Trust (GBTC) has demonstrated significant trading volume, surpassing the majority of existing exchange-traded funds (ETFs). According to industry expert Eric Balchunas, the fund traded close to half a billion dollars on January 8, outshining...
Bitcoin Price Prediction as Multiple ETF Approval Deadlines Approach – Instant Spike to $50,000 Incoming?
6.1.2024
In the fast-paced and ever-evolving world of cryptocurrency, Bitcoin is making headlines with its current trading value at $43,940, marking nearly 0.50% increase on Saturday. The cryptocurrency community is abuzz with anticipation as multiple deadlines for US spot bitcoin ETF approvals draw near....
Ethereum Price Prediction with Major Gains Expected in 2024 – Can ETH Surpass Its All-Time High?
5.1.2024
Source: Dall•E 3 The Ethereum price has gained by 2% today, rising back to $2,260 as the wider market recovers from a sharp selloff earlier in the week. ETH’s current price means that it has lost 4% in a week and 0.5% in the last 30 days, yet the biggest altcoin in the market remains...
Stablecoins Can Help Fix the Current Lending Market
3.1.2024
The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners
Report: Turkey Exits From Foreign Exchange Protected Deposit Program
3.1.2024
On Jan. 1 Turkey ended its two-year-old foreign exchange (FX)—protected deposit program in what is seen as another step towards a return to orthodoxy. Treasury and Finance Minister, Mehmet Simsek also signaled the start of what he called a “permanent improvement in the current account.”...