In a report from Deutsche Bank, investors anticipate bitcoin at $20,000 by the end of 2024. Currently, it is trading around $40,000. The fall would be severe.
Since the arrival of spot bitcoin ETFs on the market, bitcoin has continued to fall. At 11:00 a.m. this Friday, bitcoin is trading just above $40,000, after coming close to $50,000 in mid-January. More and more experts are worried about a much more severe correction in 2024.
A bitcoin price halved?
German bank Deutsche Bank surveyed 2,000 people on the impact of these spot bitcoin ETFs on the market in 2024. According to this study, more than a third of respondents say that bitcoin will fall below $20,000 by the end of the year. This is a dark scenario for the price of the queen of cryptocurrencies for 2024.
it is when articles like these are written that I strengthen my positions
Pennsylvania could become the first US state to adopt Bitcoin as a reserve asset Pennsylvania could become the first US state to adopt Bitcoin as a strategic reserve, allocating 10% of its finances to the king of cryptocurrencies. A bold bill, led by Republican Representative Mike Cabell, which echoes Donald Trump's plan to build a BTC reserve for the United States.
Donald Trump is not yet in the presidential office and the American state of Pennsylvania is already embracing its desire to constitute a strategic Bitcoin reserve.
According to Fox Business reporter Eleanor Terrett, a bill called the Pennsylvania Bitcoin Strategic Reserve Act, led by Representative Mike Cabell, proposes that Pennsylvania allocate 10% of its financial reserves, estimated at $7 billion, to the buying Bitcoin
As the broader crypto ecosystem continues to grow amid the reigning bullish investor sentiment, Ethereum has caught the attention of Leon Waidmann, principal researcher at OnchainHQ.
According to Waidmann, Ethereum is poised to begin a rally as the bull market continues to gain momentum. Waidman believes ETH is back in deflationary territory and suggests more Ether supply has been burned than the supply problem. The researcher expects the trend to continue as the crypto market soars.
Leon Waidmann, principal researcher at OnchainHQ, believes that Ethereum is poised for a rebound. Analysts cite strong fundamentals, such as Ethereum's current deflationary mechanism, to support ETH's impending resurgence.
Open interest on Ethereum futures hits all-time highs On-chain data shows that open interest in Ethereum futures has increased sharply in recent days, from 9.8 million ETH on November 5 to an all-time high of 13.2 million ETH on the 11th. november. This very positive signal testifies to the renewed enthusiasm of investors for the cryptocurrency Queen of altcoins.
Transaction fees are the crux of the matter on Ethereum. Indeed, not all exchanges have the possibility of squandering tens of dollars in fees to carry out the slightest transaction. Thus, the network has long been neglected in favor of more affordable solutions.
However, it appears that this trend is changing. Indeed, the month of March recorded a significant increase in the number of new addresses created. Thus 3.66 million addresses were newly created on Ethereum in March. This represents an increase of almost 40% compared to the month of February. Especially since such figures had not been recorded since November 2021 and the collapse of FTX. $ETH
Southeast Asian leading super-app Grab accepts Bitcoin, Ethereum, and stablecoins for payments in Singapore.
Grab's entry into the crypto space could signal a shift in Singapore's stance on crypto.
Southeast Asia’s leading super-app Grab is partnering with Triple-A, a licensed payments provider, to enable crypto payments, according to a recent report from The Straits Times. Users can fund their GrabPay Wallet using Bitcoin (BTC), Ethereum (ETH), Singapore dollar-backed stablecoin XSGD, US dollar-backed Circle-managed stablecoin USDC, and Tether USDT. Triple-A shared that from deliveries to booking rides or paying at stores, crypto owners in Singapore now have an additional option for everyday transactions.
MapleStory, an MMORPG video game that recently passed 20 years of existence, is preparing to launch “Maplestory N”, a Web3 version of its game, which will take place on one of the subnets of the Avalanche blockchain.
Launched in 2003, MapleStory was initially created by the South Korean company Wizet and was a pioneer in the category of video games offered free to the European public. Today, MapleStory claims 400,000 daily active users, with a total of over 180 million unique MapleStory IDs.
Grayscale yesterday argued the benefits of being able to “stake the Ethereum held by the Trust” in a new filing with the SEC. The company hopes to convert its Grayscale Ethereum Trust (ETHE) into a spot ETH ETF like it did for its Grayscale Bitcoin Trust in January.
The proposal, released yesterday in a preliminary proxy statement, outlines four proposals to convert its Grayscale Ethereum Trust (ETHE) into an ETF. In addition to using ETH backing shares to participate in staking via a proof-of-stake protocol, the company also seeks to grant authorized participants the ability to create and redeem shares, allowing Grayscale to assess its fees daily rather than monthly and to bring in a third-party custodian who could create and redeem shares with an omnibus account.
On January 16, the rumor of a potential return of Solana in the mobile field was heard. Finally, the rumors became reality around 5 p.m., when Solana Mobile released the teaser of its new phone on X.
Finally, at 6 p.m., the Solana Mobile teams announced “Chapter 2”, the brand’s new phone.
Unlike its predecessor, this new Solana Mobile is currently sold (affiliate link) at the “foundation” price of $450, half less than its predecessor. This price will increase as pre-orders multiply with the “Early Adopter” and “Supporter” prices.
In terms of performance and characteristics, we will come back. Indeed, Solana Mobile has not yet revealed any characteristics of its phone. Size, power, memory, who is really interested in it? Solana understands, people will buy this phone for the potential airdrops it can bring.
Weekly view: The price moves above the 20/50/200 MA above a support (red) As long as it stays above support = buy (in my opinion) If it goes under, risk of returning to the oblique (black)
1 - 🔍 Invest without doing research. ... 2 - 🔒 Do not secure your cryptocurrencies. ... 3 - 😱 Panicking over price fluctuations. ... 4 - ⚠️ Invest more than you can afford to lose. ... 5 - 📚Do not diversify your portfolio.
Arbitrum network DEX trading volume explodes at the start of the year:
Arbitrum has overtaken Ethereum in terms of decentralized exchange (DEX) volume. Arbitrum's 24-hour trading volume reached $1.83 billion, a significant weekly increase of 32.58%. Ethereum, despite having a large total value locked (TVL), saw its 24-hour volume decline. An explosive start to the year for the Arbitrum network
BlackRock considering approval of potential Ethereum fund:
Larry Fink recognizes the value of an Ethereum spot ETF, after the success of the Bitcoin spot ETF. Trading volume for BlackRock's Bitcoin spot ETF reached $1.05 billion on its first day, beating expectations. BlackRock filed for a spot Ethereum ETF in November, highlighting growing interest in cryptocurrencies as an asset class.
#avax ⚠️‼️🚨 The market has been consolidating for around 2 weeks in a nice bearish flag. The short-term underlying trend remains bullish. I'm thinking of going long if the breakout of this pattern occurs from the top. My objective will be the next resistance overlap zone around $54.
Faites vos courses ….choisissez bien vos achats …aujourd’hui vous pensez qu’acheter est encore trop tôt …demain vous penserez qu’il sera trop tard …ainsi de suite …et même cycle pour la vente …investissez ce dont vous êtes prêt à perdre ….fixez vous des objectifs …et respectez-les….ne faites les mêmes erreurs que nous avons fait il y a déjà 10 ans … #BTC c’est l’innovation #ETH #ARB #Optimism c’est le progrès
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