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Matrixport Says Bitcoin Bull Market Already Started, Targets $125,000 by December 2024
26.10.2023
Bitcoin ( BTC) ‘s latest bull market officially started on June 22, 2023, when the leading cryptocurrency reached a new one-year high. In a recent report, crypto financial services platform Matrixport said Bitcoin’s fifth bull run has already started and could see the flagship...
Bitcoin Primed for 'Supply Shock' as Exchange Balance Drops to 5-Year Low, Analyst Says
26.10.2023
A spot ETF approval could fundamentally alter bitcoin's supply and demand dynamics as professional investors would allocate to BTC as an uncorrelated asset, Forex.com's Matt Weller told CoinDesk TV
Mexican Senator Kempis Faces Opposition Over Bitcoin Bill
26.10.2023
Long-time tech and blockchain advocate Mexican Senator Indira Kempis said that her Bitcoin (BTC) bill is seeing more positive attention but is also facing increasing opposition. Kempis proposed a central bank digital currency (CBDC) last year, which now also includes accepting bitcoin as legal...
Galaxy Expects Spot Bitcoin ETF to Push BTC Up by 74% in First Year
26.10.2023
A spot-based bitcoin exchange-traded fund (ETF) would attract significant capital and boost the price of BTC by 74% in the first year after launch, according to Galaxy Digital. The estimate comes amid rising anticipation that the U.S. securities regulator will approve one or more of the proposals...
Grayscale Bitcoin Trust Outshines Nvidia With 220% Gain This Year
26.10.2023
"GBTC is the gift that keeps giving," one observer said
FTX Debtors Evaluate Bids for Dormant Crypto Exchange’s Revival
25.10.2023
Insiders reveal that FTX creditors are sifting through bids from various entities eager to breathe life into the dormant crypto exchange. The company’s investment banker highlighted that FTX interacts with “multiple parties every day.” FTX Creditors Sift Through Offers...
Rug Pulls Account For Majority of Scams as Q3 2023 Exploits Wipe Out $720 Million
25.10.2023
The impact of digital asset scams has been a major talking point around policies, regulations, and developer’s direction this year with millions lost across chains to bad actors. A new report by blockchain security firm Hacken shows a quarter-to-quarter increase in hacks and money drained...
Biggest Movers: LINK, SOL Race to Highest Levels Since 2022
25.10.2023
Chainlink extended recent gains on Wednesday, as the cryptocurrency rose to its highest point since last year. Prices rose by as much as 9% today, taking the total gain to 50% over the last seven days. Solana was another notable gainer, surging over the $33.00 mark. Chainlink (LINK) Chainlink...
Bitcoin Is Up 100% This Year. It's Not Just Because of Spot BTC ETF Hype
25.10.2023
As BTC has gained over 100% this year, most observers tied its recent strength to a looming approval of a spot BTC ETF. But its increasingly constrained supply, underinvested market participants and bitcoin's rejuvenated shine as a safe haven from spiraling debt levels, banking crises...
Matrixport doubles down on $45K Bitcoin year-end prediction
25.10.2023
After first setting its 2023-year-end BTC price target at $45,000 in early 2023, Matrixport has reiterated its bold Bitcoin prediction
Galaxy Digital Projects Bitcoin Price to Reach Near $60,000 Year After Spot ETF Approval
25.10.2023
Cryptocurrency firm, Galaxy Digital views the approval of a spot Bitcoin (BTC) ETF as “the most impactful catalysts” towards the growth and adoption of the top digital asset.
In an Oct 24 market analysis, Galaxy’s research associate Charles Yu explained the possible effects of a spot BTC ETF...
Bitcoin Spot ETFs Could See Inflows of $14.4B in First Year, Galaxy Says
25.10.2023
An ETF could be a better investment vehicle for investors compared to currently offered products, such as trusts and futures, which hold over $21 billion in value, the fund said
Trader Who Called Last Year's Crypto Crash Covers Bearish Altcoin Bets
25.10.2023
I am not buying yet, just closing loss-making short positions in AAVE, SOL, CRO and TRX, Capo said, having predicted last year's market meltdown
FTX Reportedly Considering Bids to Restart Exchange, Decision Expected by Year End
25.10.2023
Fallen crypto exchange FTX is currently evaluating proposals from three prospective bidders seeking to restart the crypto trading platform, according to a recent Bloomberg report.
During a court hearing held in Wilmington, Delaware, Kevin M. Cofsky, the investment banker representing FTX from...
Galaxy predicts 74% Bitcoin price increase first year after ETF launch
25.10.2023
Currently, a 74% increase takes Bitcoin to over $59,000 and that doesn’t factor in “second-order effects,” says Galaxy Digital
Binance Executives in UK and France Leave Crypto Exchange
25.10.2023
Another two executive departures, in the United Kingdom and France, have extended a string of managerial exits at Binance this year. They come as the leading cryptocurrency exchange faces continued regulatory pressure in a number of jurisdictions in Europe and beyond. Binance U.K., Bifinity...
Nigerian Bank Reportedly Freezes Accounts Belonging to 500 USDT Traders
24.10.2023
A Nigerian bank has reportedly blocked bank accounts belonging to some 500 digital asset traders. The affected accounts are said to have received a portion of the more than $10 million that was stolen from Access Bank by hackers between May and June this year. A prominent Nigerian crypto enthusiast...
Bitcoin Price Prediction as BTC Touches $35,000 for First Time Since May Last Year: Can an ETF Approval Send BTC to $100,000?
24.10.2023
Bitcoin (BTC), the most valuable cryptocurrency in the world, has recently achieved a significant milestone by surpassing $34,000. This represents its highest point in the past three months.
The increase in value can be attributed to the increasing optimism regarding the potential approval of...
‘Bond King’ Bill Gross Predicts Q4 Recession: Loan Delinquencies and Regional Banks in the Crosshairs
24.10.2023
Bill Gross, revered as Wall Street’s ‘Bond King,’ foresees a recession clouding the U.S. economy by the year’s final quarter. He pinpoints the burgeoning issue of overdue car payments and the financial strains beleaguering regional banks as catalysts for the impending...
Archax to Launch Regulated Exchange for Tokenized Assets This Year
24.10.2023
The company also said it tokenized an abrdn market fund in euros, pounds and dollars and has a pipeline of several hundred million dollars to be held in the fund