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Titu256
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Both Binance CEO Richard Teng and Crypto.соm CEO Kris Marszalek offered insights into the cryptocurrency market. Teng anticipates Bitcoin surpassing $80k fueled by institutional investment in crypto ETFs, while Marszalek views the current price correction as a healthy phase akin to December 2020 or January 2021, based on retail activity indicators. #Write2Erarn

Both Binance CEO Richard Teng and Crypto.соm CEO Kris Marszalek offered insights into the cryptocurrency market.

Teng anticipates Bitcoin surpassing $80k fueled by institutional investment in crypto ETFs, while Marszalek views the current price correction as a healthy phase akin to December 2020 or January 2021, based on retail activity indicators.

#Write2Erarn

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Some of the major crypto events upcoming in April 2024 include: ⚫ Bitcoin Cash halving — expected on April 3rd ⚫ USA March CPI announcement — April 10th ⚫ SEC & Coinbase case arrangement deadline — April 19th ⚫ Bitcoin halving — expected on April 25th ⚫ CZ sentencing hearing — April 30th #BitcoinHalving!
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Standard Chartered increased its year-end Bitcoin forecast to $150k, up 50%, and predicted a high of $250k in 2025 before stabilizing around $200k. The bank also anticipates an ETH ETF approval on May 23, potentially driving inflows of up to $45bn and pushing ETH to $8k by the end of 2024. #BitcoinBlast #Ethereum✅
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According to the data, last week, US spot Bitcoin ETFs reached a record $2.57bn in net inflows and a record $35.1bn in trading volume, driven by Bitcoin's surge to new all-time highs. BlackRock's IBIT ETF led in both inflows and trading volume.
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JPMorgan reportedly observed increased buying of gold and Bitcoin by investors this year, with significant position build-up in both assets since February. The bank warned of a high risk of mean reversion, indicating potential declines towards average levels.
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Indian Finance Minister Nirmala Sitharaman reportedly asserted that crypto assets can not function as currencies, aligning with the government's stance. She anticipates the emergence of a regulatory framework from the G20 discussions on cryptocurrencies. #Write2Erarn
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