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This week has seen a surge in positive commentary on Bitcoin, marking the highest level of bullish sentiment from the crypto community since mid-May. The prevailing optimism suggests that many believe a $70,000 Bitcoin price is within reach. 🗣️👍 Commentary has been leaning positive toward Bitcoin this week. In fact, this is the highest level … Read more
The head of strategy at crypto investment firm 21shares has explained that the broad-based bitcoin selloff following the Federal Reserve’s decision to keep interest rates unchanged was partly due to increasing geopolitical tensions in the Middle East and fears of conflict escalation, leading to a temporary flight to safety. He also noted that anticipated interest … Read more
A survey of 32 cryptocurrency experts on the Finder panel predicts significant growth for ether prices, with average forecasts of $5,368 by the end of 2024, $7,359 by the end of 2025, and $23,549 by 2030. These projections highlight the anticipated impact of institutional factors such as ethereum exchange-traded funds (ETFs). Survey Predicts Strong Future … Read more
Shares are a bargain after second-quarter earnings sent the stock down roughly 16%, says Benchmark analyst Mark Palmer. Go to Source
ETH price continues to underperform Bitcoin price, and the downside is set to continue. Go to Source
Grayscale’s BTC and ETH ETFs face significant outflows, while other approved ETF participants maintain a positive balance. Go to Source
The price of Bitcoin has surged back above $63,500, surpassing the average realized price for short-term investors. This bullish momentum is bolstered by substantial inflows into digital asset investment products. #Bitcoin Bounces Back: Key Indicators Point to Continued Growth “The price of Bitcoin has returned above $63,500, which is above the average realized price (purchase … Read more
According to the CEO of CryptoQuant, the current Bitcoin bull cycle is poised to continue until mid-2025. Historically, Bitcoin bull markets have seen old whales taking profits, which typically shifts capital into new accumulation addresses, effectively raising the realized price of Bitcoin. This profit-taking phase, lasting about 18 months, began four months ago in the … Read more
In 2024, Bitcoin has outperformed Ethereum in terms of market cap impact, with each dollar invested in Bitcoin boosting its market cap by $5, compared to just $1.30 for Ethereum. This suggests that new money flows exert a stronger influence on Bitcoin than on ETH. In 2024, every $1 invested in #Bitcoin increased its market … Read more
According to the latest U.S. Securities and Exchange Commission (SEC) 13-F filing from Ark Invest’s and 21shares’ ARKB fund, the State of Michigan Retirement System (SMRS) acquired approximately $6.59 million in ARKB shares. This news follows an announcement by Steven Fulop, the mayor of Jersey City, New Jersey, that the city’s pension fund will invest … Read more
