Crypto market analysis and predictive insights
According to recent data from SoSoValue, the 12 spot Bitcoin ETFs in the United States have recorded a significant resurgence with $254.82 million in net inflows on November 18, breaking a two-day streak of outflows that saw $770.77 million leave the funds. This development suggests a renewed interest in Bitcoin ETFs among investors. BlackRock’s IBIT…
Trump’s Focus on Bitcoin: A Threat to Gold’s Dominance? As the 2024 US presidential election gains momentum, Donald Trump’s focus on Bitcoin has sparked concerns that it could threaten gold’s future as a leading investment asset and inflation hedge. Gold prices have been under pressure, while Bitcoin has thrived, with the digital gold rallying to…
As the crypto market continues to surge, with Bitcoin (BTC) reaching new heights, the possibility of it hitting $100,000 is no longer a distant dream. According to QCP traders, the promise of swiftly changing U.S. regulations has revived the dream, and they expect a run to $100,000 in the coming months. This bullish outlook is…
According to a recent report by Bernstein Research, Bitcoin, the world's oldest and largest cryptocurrency, is projected to reach $200,000 by the end of 2025. This prediction is a significant increase from the previous price target of $150,000 set last year. But what factors are driving this bullish projection? Several key factors are expected to…
Crypto products have recorded a major inflow of up to $2.2 billion, according to a report by CoinShares, a digital asset manager. This significant increase is attributed to the recent U.S. election, which has brought a positive rally for the cryptocurrency industry. The inflow has increased by 15% from the previous week, with Bitcoin (BTC)…
A California judge has rejected Kraken’s motion for interlocutory appeal, delaying the resolution of the U.S. Securities and Exchange Commission’s (SEC) ongoing case against the crypto exchange. The ruling is a significant setback for Kraken, which had asked the judge to allow an appeals court to review his earlier decision that the SEC had plausibly…
The decentralized AI project Morpheus has officially gone live on the mainnet, marking a significant milestone in the development of artificial intelligence. According to the team behind Morpheus, the project aims to curtail the negative side effects of AI, such as centralization, censorship, and data monopolies. Morpheus is built using the codebase for Lumerin, a…
MicroStrategy, the business intelligence company led by Michael Saylor, has made a significant move in the crypto space by raising $1.75 billion through a private offering of convertible senior notes. This move is aimed at acquiring more Bitcoin and further solidifying the company’s position as a major player in the cryptocurrency market. According to the…
According to a recent article by Helene Braun on CoinDesk, options trading on spot bitcoin ETFs could become available as soon as Tuesday. This development is expected to bring further institutional interest to the bitcoin ETFs. In this analysis, we will explore what this means for the market and provide some predictions. The U.S. SEC…
The US government already holds over 208,000 bitcoin, but retaining it is more complicated than might be assumed. The question on everyone’s mind is: can a strategic bitcoin reserve move forward without congressional approval? Experts disagree on the matter. The US government’s current stockpile of bitcoin was acquired through confiscations related to criminal activities. Historically,…