Bitcoin has experienced a remarkable turnaround in 2023, surging 154% from the dismal end of 2022. This dramatic increase is attributed to several key factors, including growing institutional adoption and changes in monetary policy. Furthermore, the consensus that the U.S. will likely embrace exchange-traded funds (ETFs) based on the spot bitcoin price has instilled renewed…
The latest data from CryptoQuant shows that the amount of Bitcoin held on major centralized exchanges has reached a multi-week low, as investors continue to move their coins to long-term storage. This trend is driven by the rising price of Bitcoin and increasing anticipation of the potential approval of spot Bitcoin ETFs. According to CryptoQuant,…
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Analysts at Macro Hive are warning of potential “grey swan” events that could impact the crypto industry in 2024. Dalvir Mandara and Bilal Hafeez, who advise hedge funds at research firm Macro Hive, are closely monitoring potential unforeseen events that could shake up the market. One key consideration is the potential departure of SEC Chair…
Online gaming has become a great way for people to engage socially. Many people from Gen-Z and Gen Alpha have gone on to make online friends via the chatrooms in online games and through talking to each other on the microphone. For the last ten years, this has been the norm for those who love…
The article discusses the potential price movements of Bitcoin, Ethereum, and Ripple in response to recent market activity and macroeconomic events. The Federal Open Market Committee (FOMC) minutes and the announcement of more potential rate cuts by Fed Chair Jerome Powell have influenced the volatility in the crypto market. Bitcoin’s price is anticipated to rise…
JPMorgan Predicts Ether to Outperform Bitcoin in 2024 In a note released on Wednesday, JPMorgan analysts led by Nikolaos Panigirtzoglou stated that they expect Ethereum (ETH) to outperform Bitcoin and other cryptocurrencies in 2024. The main catalyst for this expected outperformance is the EIP-4844 upgrade, also known as Protodanksharding, which is anticipated to take place…
Bitcoin and other major cryptocurrencies, such as Ethereum and XRP, have experienced a significant surge in value in recent months, setting the stage for what could be a monumental year for the crypto market in 2024. The price of Bitcoin has soared past $40,000 per coin, reaching levels not seen since early 2022. This surge…
