CRYPTO2024
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š Bitcoin ETF Volumes Hit All-Time High!
Institutions are still buying BTC like crazy.
Bull run may just be getting started š
Donāt sleep on this wave!
#BitcoinNews #crypto2024
Institutions are still buying BTC like crazy.
Bull run may just be getting started š
Donāt sleep on this wave!
#BitcoinNews #crypto2024
š Top 3 Crypto Performers of 2024: Are You Riding the Wave? š
The crypto market has been on a thrilling ride in 2024, with several coins delivering impressive returns. Here's a snapshot of the top three performers:
1. Bitcoin ($BTC )
The pioneer of cryptocurrencies, Bitcoin has reaffirmed its dominance with a staggering 121% return this year. Institutional adoption and ETF approvals have propelled its value, making it a cornerstone in many investment portfolios.
2. Toncoin ($TON )
Emerging as a strong contender, Toncoin has achieved a remarkable 136.72% year-to-date performance. Its association with Telegram and growing ecosystem have attracted significant investor interest.
3. Shiba Inu ($SHIB )
Once dubbed a "meme coin," Shiba Inu has defied expectations with a 61.94% increase this year. Its expanding utility and vibrant community continue to drive its upward trajectory.
#crypto2024 , #Bitcoinā , #TONCOÄ°N , and #shibaInu
The crypto market has been on a thrilling ride in 2024, with several coins delivering impressive returns. Here's a snapshot of the top three performers:
1. Bitcoin ($BTC )
The pioneer of cryptocurrencies, Bitcoin has reaffirmed its dominance with a staggering 121% return this year. Institutional adoption and ETF approvals have propelled its value, making it a cornerstone in many investment portfolios.
2. Toncoin ($TON )
Emerging as a strong contender, Toncoin has achieved a remarkable 136.72% year-to-date performance. Its association with Telegram and growing ecosystem have attracted significant investor interest.
3. Shiba Inu ($SHIB )
Once dubbed a "meme coin," Shiba Inu has defied expectations with a 61.94% increase this year. Its expanding utility and vibrant community continue to drive its upward trajectory.
#crypto2024 , #Bitcoinā , #TONCOÄ°N , and #shibaInu
Trump Embraces Crypto ā A Game Changer?
šØ Big news in the crypto world: Donald Trump is openly supporting cryptocurrency and has announced plans to make the U.S. a global leader in crypto innovation if re-elected.
Heās even started accepting crypto donations like Bitcoin and Ethereum for his 2024 campaign.
This marks a major shift from traditional political views on digital assets.
Is this real support for innovationāor just a strategic move to win over younger, tech-savvy voters?
Either way, crypto is now a political topicāand that could mean big changes ahead.
#CryptoNews #Trump #Blockchain #Bitcoin #Ethereum #PoliticsAndCrypto #Crypto2024
$OM $SOL $DOT
#BinanceHODLerSTO #AppleCryptoUpdate #EUPrivacyCoinBan #SaylorBTCPurchase
šØ Big news in the crypto world: Donald Trump is openly supporting cryptocurrency and has announced plans to make the U.S. a global leader in crypto innovation if re-elected.
Heās even started accepting crypto donations like Bitcoin and Ethereum for his 2024 campaign.
This marks a major shift from traditional political views on digital assets.
Is this real support for innovationāor just a strategic move to win over younger, tech-savvy voters?
Either way, crypto is now a political topicāand that could mean big changes ahead.
#CryptoNews #Trump #Blockchain #Bitcoin #Ethereum #PoliticsAndCrypto #Crypto2024
$OM $SOL $DOT
#BinanceHODLerSTO #AppleCryptoUpdate #EUPrivacyCoinBan #SaylorBTCPurchase
š XRP ETF Predicted by Crypto Analyst as 2024 Lines Up With Massive Catalystsšš¼
As 2024 kicks off with the groundbreaking approval of a spot ETF for Bitcoin, crypto analyst Lark Davis, aka "Crypto Lark," anticipates massive catalysts for the crypto industry this year. šāØ
š 2024 Milestone: Bitcoin Spot ETF Approval
The U.S. Securities and Exchange Commission (SEC) recently granted approval for the first U.S.-listed exchange-traded funds (ETFs) tracking Bitcoin, marking a significant breakthrough after a decade-long struggle with the crypto industry. This monumental move sets the stage for transformative developments in the crypto space.
šØ Crypto Lark's Prediction: Ethereum Spot ETFs by May 2024
Building on the optimism surrounding the Bitcoin spot ETF approval, Crypto Lark speculates that Ethereum spot ETFs might receive approval by May 2024, coinciding with the first final deadline set by the SEC. This anticipation follows the SEC's approval of ETH futures products, signaling a potential shift in how Ethereum is viewed, possibly as not a security.
š XRP ETF in the Cards?
Crypto Lark takes it a step further, suggesting that an XRP ETF could be on the horizon. The reasoning behind this prediction lies in the landmark ruling in the Ripple SEC lawsuit, which determined that XRP is not a security. The industry is buzzing with excitement as the possibility of an XRP ETF becomes a topic of discussion.
š¤ What's Next for Crypto ETFs?
Following the debut of Bitcoin spot ETFs, Valkyrie Funds' co-founder and chief investment officer, Steve McClurg, hinted at the potential for Ethereum or XRP exchange-traded funds. While the timing and sequence of these events remain uncertain, the crypto world is eagerly awaiting the next big ETF approval after Bitcoin.
š Stay Informed, Stay Ahead! Follow The Defidraft for Real-time Crypto Insights! šš”
#XRPETF #XRPBurn #XRPEscrow #Cryptocurrency #crypto2024
As 2024 kicks off with the groundbreaking approval of a spot ETF for Bitcoin, crypto analyst Lark Davis, aka "Crypto Lark," anticipates massive catalysts for the crypto industry this year. šāØ
š 2024 Milestone: Bitcoin Spot ETF Approval
The U.S. Securities and Exchange Commission (SEC) recently granted approval for the first U.S.-listed exchange-traded funds (ETFs) tracking Bitcoin, marking a significant breakthrough after a decade-long struggle with the crypto industry. This monumental move sets the stage for transformative developments in the crypto space.
šØ Crypto Lark's Prediction: Ethereum Spot ETFs by May 2024
Building on the optimism surrounding the Bitcoin spot ETF approval, Crypto Lark speculates that Ethereum spot ETFs might receive approval by May 2024, coinciding with the first final deadline set by the SEC. This anticipation follows the SEC's approval of ETH futures products, signaling a potential shift in how Ethereum is viewed, possibly as not a security.
š XRP ETF in the Cards?
Crypto Lark takes it a step further, suggesting that an XRP ETF could be on the horizon. The reasoning behind this prediction lies in the landmark ruling in the Ripple SEC lawsuit, which determined that XRP is not a security. The industry is buzzing with excitement as the possibility of an XRP ETF becomes a topic of discussion.
š¤ What's Next for Crypto ETFs?
Following the debut of Bitcoin spot ETFs, Valkyrie Funds' co-founder and chief investment officer, Steve McClurg, hinted at the potential for Ethereum or XRP exchange-traded funds. While the timing and sequence of these events remain uncertain, the crypto world is eagerly awaiting the next big ETF approval after Bitcoin.
š Stay Informed, Stay Ahead! Follow The Defidraft for Real-time Crypto Insights! šš”
#XRPETF #XRPBurn #XRPEscrow #Cryptocurrency #crypto2024
š Bitcoin ETFs Approved by SEC: BTC Aims for $50,000 Milestone! šš¼
Exciting news for the crypto community! The United States Securities and Exchange Commission (SEC) has officially given the green light to spot Bitcoin ETFs from top asset managers, marking a groundbreaking moment in the world of crypto investing. šš
1. Milestone Approval: SEC Gives Nod to Leading Asset Managers!
Top names like ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton have received SEC approval for their spot Bitcoin ETFs. This approval is a game-changer, breaking down barriers and opening the doors for institutional and retail investors alike. š¦š„
2. Bitcoin Adoption Takes Flight: Institutional Investors on Board!
The SEC's decision is a clear signal to institutional investors, providing a secure entry point into the world of Bitcoin investment. The removal of barriers is expected to unleash a wave of capital into the crypto market, reinforcing Bitcoin's position as a legitimate asset class. šš°
3. BTC Price Surge: Eyes Set on $50,000!
Since the announcement, the entire crypto market has turned green, with Bitcoin leading the charge. Currently trading at $47,606, Bitcoin has witnessed a 3% surge in the last 24 hours, aiming to break through the $48,000 support level. If the rally continues, Bitcoin could surpass the $50,000 resistance, marking a historic moment after two years. šš
š What Changes for Bitcoin (BTC) Investors?
Investors can now seamlessly buy and sell Bitcoin on traditional stock exchanges.The approval allows investors to gain exposure to Bitcoin price movements without directly owning the underlying asset.
š For more updates on crypto milestones and market trends, follow The Defidraft!
#ETFsApproval #BitcoinETFapproved #SECApprovalJourney #cryptocurrency #crypto2024
Exciting news for the crypto community! The United States Securities and Exchange Commission (SEC) has officially given the green light to spot Bitcoin ETFs from top asset managers, marking a groundbreaking moment in the world of crypto investing. šš
1. Milestone Approval: SEC Gives Nod to Leading Asset Managers!
Top names like ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton have received SEC approval for their spot Bitcoin ETFs. This approval is a game-changer, breaking down barriers and opening the doors for institutional and retail investors alike. š¦š„
2. Bitcoin Adoption Takes Flight: Institutional Investors on Board!
The SEC's decision is a clear signal to institutional investors, providing a secure entry point into the world of Bitcoin investment. The removal of barriers is expected to unleash a wave of capital into the crypto market, reinforcing Bitcoin's position as a legitimate asset class. šš°
3. BTC Price Surge: Eyes Set on $50,000!
Since the announcement, the entire crypto market has turned green, with Bitcoin leading the charge. Currently trading at $47,606, Bitcoin has witnessed a 3% surge in the last 24 hours, aiming to break through the $48,000 support level. If the rally continues, Bitcoin could surpass the $50,000 resistance, marking a historic moment after two years. šš
š What Changes for Bitcoin (BTC) Investors?
Investors can now seamlessly buy and sell Bitcoin on traditional stock exchanges.The approval allows investors to gain exposure to Bitcoin price movements without directly owning the underlying asset.
š For more updates on crypto milestones and market trends, follow The Defidraft!
#ETFsApproval #BitcoinETFapproved #SECApprovalJourney #cryptocurrency #crypto2024
š Forbes Predicts $1.5 Trillion Bitcoin ETF Impact: XRP and Solana (SOL) Ride the Wave! šš¹
Bitcoin's recent rollercoaster, plummeting to $40,000 before bouncing back to $44,180, has set the crypto world abuzz. A Forbes report suggests this rally is linked to the potential approval of a Bitcoin Spot ETF, triggering positive momentum for Ethereum (ETH), XRP, and Solana (SOL) after a flash crash.
š Tuesday's Price Drop and the ETF Anxiety
The price dip on Tuesday sparked concerns of a potential rejection of the long-awaited ETF by the U.S. Securities and Exchange Commission (SEC). However, Forbes reveals a swift turnaround as analysts from AllianceBernstein, Gautam Chhugani, and Mahika Sapra, share an optimistic forecast for the future of Bitcoin and other crypto assets.
š AllianceBernstein's Bullish Prediction: A Snowball Effect in Play
The analysts foresee a meteoric rise for Bitcoin, projecting an astonishing $80,000 by the end of 2024, propelling its market cap to $1.5 trillion. This surge, they believe, will create a snowball effect triggered by the long-anticipated approval of a Bitcoin ETF.
š Insights from the Report: The ETF Game Heats Up
"Bitcoin ETF flows build-up could be gradual," explain the analysts, "but the applicants will be fighting hard to get a lead into this massive asset accumulation game, tuning up advertising and bitcoin branding leading to a snowball effect."
š¼ Potential Impact on Bitcoin and ETF Flows
If approved, the ETF could attract $5 billion in inflows within the first half of 2024, potentially doubling to $10 billion in the second half. AllianceBernstein envisions that, by 2028, a staggering 10% of all Bitcoins could be held under ETFs.
š Ride the Wave with XRP and Solana (SOL)! šāāļøš
As the crypto market anticipates the ETF's approval, XRP and Solana (SOL) are positioned to ride the wave of this potential $1.5 trillion impact.
š For the latest crypto updates, follow The Blockopedia!
#BitcoinETFš°š°š° #BitcoinETFImpact #ETFApprovalDreams #cryptocurrency #crypto2024
Bitcoin's recent rollercoaster, plummeting to $40,000 before bouncing back to $44,180, has set the crypto world abuzz. A Forbes report suggests this rally is linked to the potential approval of a Bitcoin Spot ETF, triggering positive momentum for Ethereum (ETH), XRP, and Solana (SOL) after a flash crash.
š Tuesday's Price Drop and the ETF Anxiety
The price dip on Tuesday sparked concerns of a potential rejection of the long-awaited ETF by the U.S. Securities and Exchange Commission (SEC). However, Forbes reveals a swift turnaround as analysts from AllianceBernstein, Gautam Chhugani, and Mahika Sapra, share an optimistic forecast for the future of Bitcoin and other crypto assets.
š AllianceBernstein's Bullish Prediction: A Snowball Effect in Play
The analysts foresee a meteoric rise for Bitcoin, projecting an astonishing $80,000 by the end of 2024, propelling its market cap to $1.5 trillion. This surge, they believe, will create a snowball effect triggered by the long-anticipated approval of a Bitcoin ETF.
š Insights from the Report: The ETF Game Heats Up
"Bitcoin ETF flows build-up could be gradual," explain the analysts, "but the applicants will be fighting hard to get a lead into this massive asset accumulation game, tuning up advertising and bitcoin branding leading to a snowball effect."
š¼ Potential Impact on Bitcoin and ETF Flows
If approved, the ETF could attract $5 billion in inflows within the first half of 2024, potentially doubling to $10 billion in the second half. AllianceBernstein envisions that, by 2028, a staggering 10% of all Bitcoins could be held under ETFs.
š Ride the Wave with XRP and Solana (SOL)! šāāļøš
As the crypto market anticipates the ETF's approval, XRP and Solana (SOL) are positioned to ride the wave of this potential $1.5 trillion impact.
š For the latest crypto updates, follow The Blockopedia!
#BitcoinETFš°š°š° #BitcoinETFImpact #ETFApprovalDreams #cryptocurrency #crypto2024
Bitcoin ETFs saw 700,000 transactions, doubling Nasdaq 100 tracking fund QQQ
On Thursday, the trading volume of the Bitcoin Spot ETF hit a total of more than $4.6 billion, with Grayscale's GBTC being the dominant participant.
Bitcoin exchange-traded funds (ETFs) logged 700,000 individual transactions, which is twice as many as the tracking fund QQQ for the Nasdaq 100.
A correction brought the price of Bitcoin down to $46,000 on Friday after it had reached a high of $48,900 for the first time since December 2021.
During the Asian session on Friday, the price of Bitcoin (BTC) drops to about $46,000, a correction from the two-year high of $48,900 that was witnessed on Thursday. After the United States Securities and Exchange Commission (SEC) gave its clearance to spot exchange-traded funds (ETF) that track Bitcoin's price, the market's interest in the cryptocurrency increased, which most likely led to the rise that Bitcoin experienced.
On the first trading day of the exchange-traded funds (ETFs), which took place on Thursday, about 700,000 individual transactions were recorded, and the trading volume surpassed $4.6 billion.
Bitcoin exchange-traded fund (ETF) trading skyrocket, and Grayscale acquires a significant portion of the market
The first day of trading for Bitcoin exchange-traded funds (ETFs) had a volume of more than $4.6 billion.
A significant portion of this trade volume was acquired by grayscale. On the other hand, according to James Seyffart, an analyst for Bloomberg ETFs, this behavior may be attributed to businesses selling their GBTC shares for other ETFs in lieu of fees and other circumstances.
In order to compete in what experts refer to as the "Cointucky Derby," exchange-traded fund (ETF) issuers are lowering their fees in an effort to entice more traders and secure a greater portion of the market. The cost that Bitwise Invest charges is now the lowest, coming in at 0.2%.
When compared to the QQQ, which is an exchange-traded fund that follows the Nasdaq 100, the trading volume of Bitcoin Spot ETFs was much lower. However, it logged over 700,000 transactions, which is roughly twice as much as the amount of trades recorded by the QQQ, according to Eric Balchunas, a senior ETF analyst at Bloomberg.
According to the Greekslive ambassador who goes by the handle @4adybug on X, the Bitcoin ETF inflow was at a respectable level on day one, meaning that it was neither too high nor excessively low and was really in line with what was anticipated. According to the cryptocurrency expert, the approval of the exchange-traded fund (ETF) makes the time zone of the United States more significant than the futures market. Additionally, it is expected that the price of Bitcoin will stay rangebound between $48,000 and $53,000.
The Technical Analysis of: The price of bitcoin reaches its highest point in two years, with $45,000 being the crucial figure.
For the first time since December 2021, the price of bitcoin managed to surpass the $48,900 threshold on Thursday, marking a two-year high for the cryptocurrency. The $45,000 support becomes a significant region for Bitcoin as a result of this. In the event that Bitcoin falls below this level without a rapid rebound, the Greekslive ambassador @4adybug said that this might be seen as a hint of a reversal in the current upward trend.
Bitcoin's gains are expected to be restricted at the 61.8% Fibonacci retracement level of the asset's slide between November 2021 and 2022, which is set at $49,400. This level is anticipated to be the limit of Bitcoin's potential increases. It is thus possible that the price of Bitcoin may surge towards this level before experiencing a downturn.
#BTC #etf #crypto2024 $BTC
Bitcoin exchange-traded funds (ETFs) logged 700,000 individual transactions, which is twice as many as the tracking fund QQQ for the Nasdaq 100.
A correction brought the price of Bitcoin down to $46,000 on Friday after it had reached a high of $48,900 for the first time since December 2021.
During the Asian session on Friday, the price of Bitcoin (BTC) drops to about $46,000, a correction from the two-year high of $48,900 that was witnessed on Thursday. After the United States Securities and Exchange Commission (SEC) gave its clearance to spot exchange-traded funds (ETF) that track Bitcoin's price, the market's interest in the cryptocurrency increased, which most likely led to the rise that Bitcoin experienced.
On the first trading day of the exchange-traded funds (ETFs), which took place on Thursday, about 700,000 individual transactions were recorded, and the trading volume surpassed $4.6 billion.
Bitcoin exchange-traded fund (ETF) trading skyrocket, and Grayscale acquires a significant portion of the market
The first day of trading for Bitcoin exchange-traded funds (ETFs) had a volume of more than $4.6 billion.
A significant portion of this trade volume was acquired by grayscale. On the other hand, according to James Seyffart, an analyst for Bloomberg ETFs, this behavior may be attributed to businesses selling their GBTC shares for other ETFs in lieu of fees and other circumstances.
In order to compete in what experts refer to as the "Cointucky Derby," exchange-traded fund (ETF) issuers are lowering their fees in an effort to entice more traders and secure a greater portion of the market. The cost that Bitwise Invest charges is now the lowest, coming in at 0.2%.
When compared to the QQQ, which is an exchange-traded fund that follows the Nasdaq 100, the trading volume of Bitcoin Spot ETFs was much lower. However, it logged over 700,000 transactions, which is roughly twice as much as the amount of trades recorded by the QQQ, according to Eric Balchunas, a senior ETF analyst at Bloomberg.
According to the Greekslive ambassador who goes by the handle @4adybug on X, the Bitcoin ETF inflow was at a respectable level on day one, meaning that it was neither too high nor excessively low and was really in line with what was anticipated. According to the cryptocurrency expert, the approval of the exchange-traded fund (ETF) makes the time zone of the United States more significant than the futures market. Additionally, it is expected that the price of Bitcoin will stay rangebound between $48,000 and $53,000.
The Technical Analysis of: The price of bitcoin reaches its highest point in two years, with $45,000 being the crucial figure.
For the first time since December 2021, the price of bitcoin managed to surpass the $48,900 threshold on Thursday, marking a two-year high for the cryptocurrency. The $45,000 support becomes a significant region for Bitcoin as a result of this. In the event that Bitcoin falls below this level without a rapid rebound, the Greekslive ambassador @4adybug said that this might be seen as a hint of a reversal in the current upward trend.
Bitcoin's gains are expected to be restricted at the 61.8% Fibonacci retracement level of the asset's slide between November 2021 and 2022, which is set at $49,400. This level is anticipated to be the limit of Bitcoin's potential increases. It is thus possible that the price of Bitcoin may surge towards this level before experiencing a downturn.
#BTC #etf #crypto2024 $BTC
10 Hong Kong Funds Get Ready to Launch Cryptocurrency ETFs
In Hong Kong, almost a dozen asset management firms are getting ready to introduce cryptocurrency ETFs and spot Bitcoin trading. As reported by Caixin, a Chinese local news agency, this knowledge was divulged by Livio Weng, the COO of HashKey Group.
Bitcoin and Cryptocurrency Exchange-Traded Funds To Debut In Hong Kong
The "advanced stages" of creating these spot crypto ETFs are being considered by seven or eight of these businesses, according to what Weng said. It seems that spot exchange-traded funds (ETFs) in Hong Kong might provide not just Bitcoin but also altcoins, albeit the exact implications were not explained.
Hong Kong has taken the lead in the Asian market by being the first to permit the listing of virtual asset spot ETFs. Important players in this evolution include the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC).
Is the SEC Responsible for the $210 Million Crypto Meltdown After It Used a False Tweet to Manipulate Bitcoin?
They announced their intention to consider requests to authorize virtual asset spot ETFs in a circular they released in December 2023. After adopting a "professional-investors only" regulatory position for the cryptocurrency sector in 2018, the SFC has now taken a different approach.
Spot Bitcoin and crypto ETFs will soon be available to ordinary investors, according to SFC CEO Julia Leung. The regulatory body has been working hard to make this happen. With proper risk management in place, Leung stressed that the regulator is receptive to new technology that improve efficiency and the consumer experience.
There has been a significant shift in the regulatory environment, as the SFC is now open to receiving applications to authorize funds that deal in virtual assets, such as spot Bitcoin and crypto ETFs. Notably, UBS's local office offers futures crypto ETFs in Hong Kong, including the Samsung Bitcoin Futures Active ETF, CSOP Bitcoin Futures ETF, and CSOP Ether Futures ETF.
"In-Kind" Will Also Be Permitted in Hong Kong
Also, Bitcoinist broke the news at year's end that the financial authority in Hong Kong had established regulations for the approval of spot ETFs, with the "in-kind" and "cash creates" models being embraced. When compared to the US cash-based model, this one is quite different.
If an investor uses the in-kind ETF strategy, they may trade in their current assets for ETF shares, and vice versa; they can even turn their ETF shares back into Bitcoin. Thanks to this two-way procedure, investors may easily transfer their holdings between Bitcoin and ETFs.
Those who currently own Bitcoin and want to diversify their holdings without turning to fiat money may find this strategy quite appealing. In contrast, the cash ETF strategy is based on buying and selling ETF shares in traditional currencies like the US dollar or the Hong Kong dollar.
Observing the growing rivalry between Eastern and Western countries in the Bitcoin ETF industry, Gabor Gurbacsāfounder of PointsVille and adviser to Tether and VanEckācommented on the events. What did he say?
Competition between East-West Bitcoin ETFs is heating up, as I've mentioned several times before. The introduction of Bitcoin ETFs in Hong Kong is contingent upon China's permission. Institutional Bitcoin skills are one area where China intends to compete. Complete national acceptance based on game theory.
More institutional and individual investors may be drawn to Bitcoin and other cryptocurrencies as a result of this news out of Hong Kong.
#BTC #etf #crypto2024 $BTC
Bitcoin and Cryptocurrency Exchange-Traded Funds To Debut In Hong Kong
The "advanced stages" of creating these spot crypto ETFs are being considered by seven or eight of these businesses, according to what Weng said. It seems that spot exchange-traded funds (ETFs) in Hong Kong might provide not just Bitcoin but also altcoins, albeit the exact implications were not explained.
Hong Kong has taken the lead in the Asian market by being the first to permit the listing of virtual asset spot ETFs. Important players in this evolution include the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC).
Is the SEC Responsible for the $210 Million Crypto Meltdown After It Used a False Tweet to Manipulate Bitcoin?
They announced their intention to consider requests to authorize virtual asset spot ETFs in a circular they released in December 2023. After adopting a "professional-investors only" regulatory position for the cryptocurrency sector in 2018, the SFC has now taken a different approach.
Spot Bitcoin and crypto ETFs will soon be available to ordinary investors, according to SFC CEO Julia Leung. The regulatory body has been working hard to make this happen. With proper risk management in place, Leung stressed that the regulator is receptive to new technology that improve efficiency and the consumer experience.
There has been a significant shift in the regulatory environment, as the SFC is now open to receiving applications to authorize funds that deal in virtual assets, such as spot Bitcoin and crypto ETFs. Notably, UBS's local office offers futures crypto ETFs in Hong Kong, including the Samsung Bitcoin Futures Active ETF, CSOP Bitcoin Futures ETF, and CSOP Ether Futures ETF.
"In-Kind" Will Also Be Permitted in Hong Kong
Also, Bitcoinist broke the news at year's end that the financial authority in Hong Kong had established regulations for the approval of spot ETFs, with the "in-kind" and "cash creates" models being embraced. When compared to the US cash-based model, this one is quite different.
If an investor uses the in-kind ETF strategy, they may trade in their current assets for ETF shares, and vice versa; they can even turn their ETF shares back into Bitcoin. Thanks to this two-way procedure, investors may easily transfer their holdings between Bitcoin and ETFs.
Those who currently own Bitcoin and want to diversify their holdings without turning to fiat money may find this strategy quite appealing. In contrast, the cash ETF strategy is based on buying and selling ETF shares in traditional currencies like the US dollar or the Hong Kong dollar.
Observing the growing rivalry between Eastern and Western countries in the Bitcoin ETF industry, Gabor Gurbacsāfounder of PointsVille and adviser to Tether and VanEckācommented on the events. What did he say?
Competition between East-West Bitcoin ETFs is heating up, as I've mentioned several times before. The introduction of Bitcoin ETFs in Hong Kong is contingent upon China's permission. Institutional Bitcoin skills are one area where China intends to compete. Complete national acceptance based on game theory.
More institutional and individual investors may be drawn to Bitcoin and other cryptocurrencies as a result of this news out of Hong Kong.
#BTC #etf #crypto2024 $BTC
#ORDI/USDT
#LONG
šLeverage : Cross 20X
šEntry Target : 75.70
Take profit Targets š
76.00
76.30
76.80
77.50
šStop Target : 74.00
(use low fund)
for more TWITTER - @SUHBTC
#crypto2024 #TradingSignal #TradingTips $ORDI
#LONG
šLeverage : Cross 20X
šEntry Target : 75.70
Take profit Targets š
76.00
76.30
76.80
77.50
šStop Target : 74.00
(use low fund)
for more TWITTER - @SUHBTC
#crypto2024 #TradingSignal #TradingTips $ORDI
š° Bitcoin Options Expiry: Can Almost $1B Shift BTC Prices Higher? šš
As Friday marks Bitcoin options expiry day, nearly $1 billion in contracts are set to be settled or renewed, creating ripples in the crypto market. š Around 21,900 Bitcoin options contracts are on the line, with a notional value of approximately $955 million, and a put/call ratio of 0.62, indicating a higher concentration of call (long) contracts.
1. Market Dynamics and Speculation
Despite the recent market retreat, traders remain optimistic about BTC prices, especially with a significant number of call options concentrated at the $50,000 strike price. š The max pain point hovers around $43,000, but the substantial interest at $50,000 suggests a collective anticipation of a bullish move by the end of the January expiration date.
2. Bitcoin Open Interest and Institutional Insights
Total open interest (OI) has seen a decline from last year's record levels to around $10.7 billion, as reported by Deribit. Meanwhile, market analysts point to a potential SEC rejection of spot Bitcoin ETFs, impacting options implied volatility. š The current market sentiment suggests institutional investors might not be overly bullish on the ETF market, influencing trading strategies and option pricing.
3. Ethereum Derivatives Outlook
In addition to Bitcoin, Ethereum faces a notable derivatives expiration event, with 255,245 million contracts set to expire, amounting to $574 million in notional value. The put/call ratio for Ethereum is 0.54, indicating a slightly higher proportion of call contracts. š This adds an extra layer of complexity to market dynamics as both major cryptocurrencies navigate potential price shifts.
š Stay Informed, Stay Ahead! Follow The Blockopedia for Real-time Crypto Insights! šš
#BitcoinETFImpact #BitcoinPrice2024 #BitcoinETFs! #cryptocurrency #crypto2024
As Friday marks Bitcoin options expiry day, nearly $1 billion in contracts are set to be settled or renewed, creating ripples in the crypto market. š Around 21,900 Bitcoin options contracts are on the line, with a notional value of approximately $955 million, and a put/call ratio of 0.62, indicating a higher concentration of call (long) contracts.
1. Market Dynamics and Speculation
Despite the recent market retreat, traders remain optimistic about BTC prices, especially with a significant number of call options concentrated at the $50,000 strike price. š The max pain point hovers around $43,000, but the substantial interest at $50,000 suggests a collective anticipation of a bullish move by the end of the January expiration date.
2. Bitcoin Open Interest and Institutional Insights
Total open interest (OI) has seen a decline from last year's record levels to around $10.7 billion, as reported by Deribit. Meanwhile, market analysts point to a potential SEC rejection of spot Bitcoin ETFs, impacting options implied volatility. š The current market sentiment suggests institutional investors might not be overly bullish on the ETF market, influencing trading strategies and option pricing.
3. Ethereum Derivatives Outlook
In addition to Bitcoin, Ethereum faces a notable derivatives expiration event, with 255,245 million contracts set to expire, amounting to $574 million in notional value. The put/call ratio for Ethereum is 0.54, indicating a slightly higher proportion of call contracts. š This adds an extra layer of complexity to market dynamics as both major cryptocurrencies navigate potential price shifts.
š Stay Informed, Stay Ahead! Follow The Blockopedia for Real-time Crypto Insights! šš
#BitcoinETFImpact #BitcoinPrice2024 #BitcoinETFs! #cryptocurrency #crypto2024
š Bitcoin Skyrockets Above $44K Amid Optimism for Spot BTC ETF Approval! šš¹
Bitcoin (BTC) staged a powerful comeback, surging to $44,500 and reclaiming recent losses, fueling optimism among investors anticipating the approval of a spot BTC exchange-traded fund (ETF). Let's dive into the latest developments and what experts are saying about the potential approval.
1. BTC's Strong Rebound: A Glimpse into Optimistic Sentiment!
Despite doubts raised by a Matrixport report on Wednesday, the crypto community remains optimistic about the approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). Recent developments indicate a resurgence in confidence, with Bloomberg analysts suggesting that the SEC is nearing the end of its review, paving the way for potential approvals.
š Timeline Update: SEC's Final Review and Last-Minute Adjustments
According to sources, the SEC is close to completing its evaluation, allowing companies to make any necessary last-minute adjustments.TechCrunch reporter Jacquelyn Melinek adds credibility, stating that the SEC is on the verge of approving multiple applications.
2. Bitcoin's Resilience: Up by 4% in the Last 24 Hours!
Amid the anticipation, Bitcoin has shown remarkable resilience, recording a 4% gain in the last 24 hours and trading at $43,750, bouncing back from a dip below $41,000. The market's ability to recover swiftly underscores the robust support and confidence among investors.
š” Insights from Financial Advisors: Spot BTC ETF Approval as a Game-Changer
A Bitwise and VettaFi survey reveals that only 39% of financial advisors expect spot BTC ETF approval this year.However, a staggering 88% of advisors view the approval as a major catalyst, expressing keen interest in purchasing Bitcoin post-approval.
šØ Stay Tuned for Breaking Updates! Follow The Blockopedia for Real-time Insights! šš
#BitcoinPrice2024 #BitcoinBullRally2024 #BitcoinETFs! #cryptocurrency #crypto2024
Bitcoin (BTC) staged a powerful comeback, surging to $44,500 and reclaiming recent losses, fueling optimism among investors anticipating the approval of a spot BTC exchange-traded fund (ETF). Let's dive into the latest developments and what experts are saying about the potential approval.
1. BTC's Strong Rebound: A Glimpse into Optimistic Sentiment!
Despite doubts raised by a Matrixport report on Wednesday, the crypto community remains optimistic about the approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). Recent developments indicate a resurgence in confidence, with Bloomberg analysts suggesting that the SEC is nearing the end of its review, paving the way for potential approvals.
š Timeline Update: SEC's Final Review and Last-Minute Adjustments
According to sources, the SEC is close to completing its evaluation, allowing companies to make any necessary last-minute adjustments.TechCrunch reporter Jacquelyn Melinek adds credibility, stating that the SEC is on the verge of approving multiple applications.
2. Bitcoin's Resilience: Up by 4% in the Last 24 Hours!
Amid the anticipation, Bitcoin has shown remarkable resilience, recording a 4% gain in the last 24 hours and trading at $43,750, bouncing back from a dip below $41,000. The market's ability to recover swiftly underscores the robust support and confidence among investors.
š” Insights from Financial Advisors: Spot BTC ETF Approval as a Game-Changer
A Bitwise and VettaFi survey reveals that only 39% of financial advisors expect spot BTC ETF approval this year.However, a staggering 88% of advisors view the approval as a major catalyst, expressing keen interest in purchasing Bitcoin post-approval.
šØ Stay Tuned for Breaking Updates! Follow The Blockopedia for Real-time Insights! šš
#BitcoinPrice2024 #BitcoinBullRally2024 #BitcoinETFs! #cryptocurrency #crypto2024
š° If You Invested $1,000 in Bitcoin When the First ETF Was Filed, Here's Your Potential Fortune! šš¹
Ever wondered what a decade-long investment in Bitcoin could yield? Cameron and Tyler Winklevoss filed for a Bitcoin ETF over 10 years ago, and today, we unveil the potential returns of such a visionary investment.
A major milestone in Bitcoin's journey occurred when the founders of Gemini, Cameron and Tyler Winklevoss, filed the Winklevoss Bitcoin Trust as a planned Bitcoin ETF. Fast forward to the present day, the SEC has greenlit numerous Bitcoin ETFs, marking a revolutionary moment for the cryptocurrency and traditional finance industries.
š Bitcoin's Soaring Success Post-Approval: A 150% Surge in the Last Year!
The recent SEC approval of spot Bitcoin ETFs has been a game-changer, contributing to a remarkable 150% surge in Bitcoin's price over the past year. This decision is poised to reshape the landscape of both the crypto and financial sectors, coinciding with Bitcoin's 15th-anniversary celebration.
š Celebrating a Decade of Perseverance: Winklevoss Twins' Vision Realized!
Despite setbacks and rejections, the Winklevoss twins remained steadfast in their vision. On the 10-year anniversary of the initial filing, Cameron Winklevoss expressed both frustration and optimism. He highlighted the SEC's decade-long resistance as a setback for U.S. investors but celebrated the historic Bitcoin ETF Approval Day.
š Cheers to Bitcoin ETFs: A New Era in Cryptocurrency Investments!
The SEC's recent approval includes prominent entities such as Grayscale Bitcoin Trust, Bitwise Bitcoin ETF, BlackRock's iShares Bitcoin Trust, and many more. This opens doors for investors to diversify their portfolios and embrace the potential of cryptocurrency in traditional finance.
š° For more financial insights and crypto updates, follow The Blockopedia!
#ETFsApproval #SECApprovalJourney #BitcoinETFapproved #cryptocurrency #crypto2024
Ever wondered what a decade-long investment in Bitcoin could yield? Cameron and Tyler Winklevoss filed for a Bitcoin ETF over 10 years ago, and today, we unveil the potential returns of such a visionary investment.
A major milestone in Bitcoin's journey occurred when the founders of Gemini, Cameron and Tyler Winklevoss, filed the Winklevoss Bitcoin Trust as a planned Bitcoin ETF. Fast forward to the present day, the SEC has greenlit numerous Bitcoin ETFs, marking a revolutionary moment for the cryptocurrency and traditional finance industries.
š Bitcoin's Soaring Success Post-Approval: A 150% Surge in the Last Year!
The recent SEC approval of spot Bitcoin ETFs has been a game-changer, contributing to a remarkable 150% surge in Bitcoin's price over the past year. This decision is poised to reshape the landscape of both the crypto and financial sectors, coinciding with Bitcoin's 15th-anniversary celebration.
š Celebrating a Decade of Perseverance: Winklevoss Twins' Vision Realized!
Despite setbacks and rejections, the Winklevoss twins remained steadfast in their vision. On the 10-year anniversary of the initial filing, Cameron Winklevoss expressed both frustration and optimism. He highlighted the SEC's decade-long resistance as a setback for U.S. investors but celebrated the historic Bitcoin ETF Approval Day.
š Cheers to Bitcoin ETFs: A New Era in Cryptocurrency Investments!
The SEC's recent approval includes prominent entities such as Grayscale Bitcoin Trust, Bitwise Bitcoin ETF, BlackRock's iShares Bitcoin Trust, and many more. This opens doors for investors to diversify their portfolios and embrace the potential of cryptocurrency in traditional finance.
š° For more financial insights and crypto updates, follow The Blockopedia!
#ETFsApproval #SECApprovalJourney #BitcoinETFapproved #cryptocurrency #crypto2024
š Goldās 350% Surge After ETF Approval: Is Bitcoin Next in Line for $150,000 Boom?šš
Exciting times ahead for crypto enthusiasts as Bitcoin ETFs secure regulatory approval from the SEC! š Similar to the transformative impact gold ETFs had on precious metals, Bitcoin ETFs are poised to revolutionize cryptocurrency investing, potentially propelling BTC to new heights. Let's delve into the parallels and possibilities.
1. Gold's ETF Success Story: A Glimpse into Bitcoin's Future?
Two decades ago, gold ETFs reshaped the precious metals market, introducing a new era of accessibility and simplicity for investors. The approval of gold ETFs triggered a remarkable surge, with gold prices soaring more than fourfold in just seven years. Fast forward to today, over $100 billion is invested in gold ETFs in the United States alone.
2. Bitcoin's Potential Double-Up: Eyes on $100,000!
Drawing parallels between gold's historical surge and the potential impact of Bitcoin ETFs, financial experts, including Standard Chartered, foresee a doubling of Bitcoin's price to reach $100,000. The swift development of the BTC ETF market suggests that these gains could unfold over a shorter period.
š Analogy Insight: Bitcoin ETFs and Gold ETFs
Both democratize investing, making assets accessible to a broader audience.
Gold's historical surge post-ETF approval mirrors potential BTC price dynamics.
Swift development in the BTC ETF market hints at accelerated gains.
š Are You Ready for the Bitcoin Boom? Invest Wisely! š”š°
As Bitcoin stands at the brink of a potential surge, savvy investors are eyeing the opportunities. With the approval of Bitcoin ETFs, institutional and retail investment is expected to flood into the crypto space. Brace yourselves for a transformative journey in the world of digital assets!
š Stay ahead in the crypto game. Follow The Blockopedia for the latest market insights!
#ETFsApproval #BitcoinETFapproved #trendingtoday #cryptocurrency #crypto2024
Exciting times ahead for crypto enthusiasts as Bitcoin ETFs secure regulatory approval from the SEC! š Similar to the transformative impact gold ETFs had on precious metals, Bitcoin ETFs are poised to revolutionize cryptocurrency investing, potentially propelling BTC to new heights. Let's delve into the parallels and possibilities.
1. Gold's ETF Success Story: A Glimpse into Bitcoin's Future?
Two decades ago, gold ETFs reshaped the precious metals market, introducing a new era of accessibility and simplicity for investors. The approval of gold ETFs triggered a remarkable surge, with gold prices soaring more than fourfold in just seven years. Fast forward to today, over $100 billion is invested in gold ETFs in the United States alone.
2. Bitcoin's Potential Double-Up: Eyes on $100,000!
Drawing parallels between gold's historical surge and the potential impact of Bitcoin ETFs, financial experts, including Standard Chartered, foresee a doubling of Bitcoin's price to reach $100,000. The swift development of the BTC ETF market suggests that these gains could unfold over a shorter period.
š Analogy Insight: Bitcoin ETFs and Gold ETFs
Both democratize investing, making assets accessible to a broader audience.
Gold's historical surge post-ETF approval mirrors potential BTC price dynamics.
Swift development in the BTC ETF market hints at accelerated gains.
š Are You Ready for the Bitcoin Boom? Invest Wisely! š”š°
As Bitcoin stands at the brink of a potential surge, savvy investors are eyeing the opportunities. With the approval of Bitcoin ETFs, institutional and retail investment is expected to flood into the crypto space. Brace yourselves for a transformative journey in the world of digital assets!
š Stay ahead in the crypto game. Follow The Blockopedia for the latest market insights!
#ETFsApproval #BitcoinETFapproved #trendingtoday #cryptocurrency #crypto2024
š Bitcoin's 5% Dip After ETF Approval: Unraveling the Market Dynamics! šš
šØ Surprising Twist: "Buy the Rumor, Sell the News" Phenomenon Strikes Bitcoin!
In a surprising turn of events, the long-awaited approval of spot Bitcoin ETFs in the US has triggered an unexpected 5% drop in the price of BTC over the last 24 hours. It appears that the age-old trading strategy of "buy the rumor, sell the news" is at play, with traders taking profits after anticipating and betting on the green light for ETFs.
š¼ BTC's Rollercoaster: Key Technical Levels Shattered Post-ETF Launch!
Bitcoin's price descended from a high of $49,000 to $44,970 post the live launch of spot BTC ETFs in the US. This decline pierced through crucial technical levels, notably breaching the former resistance zone at $46,000. A notable drop occurred as Bitcoin tested its 0.618 Fibonacci retracement level from November 2021ās high to November 2022ās low, indicating potential short-term downside.
š Bearish Indicators: Profit-Taking and Extreme Greed!
The convergence of technical factors suggests profit-taking from early ETF investors, capitalizing on gains from the initial surge. Additionally, the Crypto Fear & Greed Index hitting the "Extreme Greed" zone earlier in the week raises concerns. This euphoria often precedes sharp declines as institutional players decide to cash out.
š¹ ETFs' Debut: Billions in Volume Despite BTC Pullback!
Despite Bitcoin's price retracement, the first day of trading for spot Bitcoin ETFs saw over $4.6 billion worth of shares changing hands. Grayscale, BlackRock, and Fidelity led the charge, signaling a surge in institutional adoption as ETFs offer an accessible avenue for professional investors to enter the Bitcoin market.
š„ The ETF Saga Continues: Fees Slashed, Battle for Market Share Begins!
#BitcoinETFapproved #ETFApproved #ETFsApproval #cryptocurrency #crypto2024
šØ Surprising Twist: "Buy the Rumor, Sell the News" Phenomenon Strikes Bitcoin!
In a surprising turn of events, the long-awaited approval of spot Bitcoin ETFs in the US has triggered an unexpected 5% drop in the price of BTC over the last 24 hours. It appears that the age-old trading strategy of "buy the rumor, sell the news" is at play, with traders taking profits after anticipating and betting on the green light for ETFs.
š¼ BTC's Rollercoaster: Key Technical Levels Shattered Post-ETF Launch!
Bitcoin's price descended from a high of $49,000 to $44,970 post the live launch of spot BTC ETFs in the US. This decline pierced through crucial technical levels, notably breaching the former resistance zone at $46,000. A notable drop occurred as Bitcoin tested its 0.618 Fibonacci retracement level from November 2021ās high to November 2022ās low, indicating potential short-term downside.
š Bearish Indicators: Profit-Taking and Extreme Greed!
The convergence of technical factors suggests profit-taking from early ETF investors, capitalizing on gains from the initial surge. Additionally, the Crypto Fear & Greed Index hitting the "Extreme Greed" zone earlier in the week raises concerns. This euphoria often precedes sharp declines as institutional players decide to cash out.
š¹ ETFs' Debut: Billions in Volume Despite BTC Pullback!
Despite Bitcoin's price retracement, the first day of trading for spot Bitcoin ETFs saw over $4.6 billion worth of shares changing hands. Grayscale, BlackRock, and Fidelity led the charge, signaling a surge in institutional adoption as ETFs offer an accessible avenue for professional investors to enter the Bitcoin market.
š„ The ETF Saga Continues: Fees Slashed, Battle for Market Share Begins!
#BitcoinETFapproved #ETFApproved #ETFsApproval #cryptocurrency #crypto2024
š” 5 Cryptocurrencies Priced Under $15 To Invest In For 2024! šš°
In the dynamic crypto market, seize opportunities with these seven cryptocurrencies priced under $15, making them worth considering for your 2024 investment portfolio.
1. ScapesMania (MANIA): Gaming Ecosystem Revolution! š®š
ScapesMania introduces a meticulously designed gaming ecosystem with DAO governance, offering backers influence and benefits in a multi-billion-dollar industry. Transparency, innovation, and community focus make ScapesMania a promising project with a bright future.
2. Ripple (XRP): Resilience Amid Legal Challenges! šŖš
Despite legal challenges, Ripple (XRP) stands strong with its swift settlement system and efficient currency exchange network. Recent recognition by Irelandās Central Bank highlights its resilience. Projections suggest potential spikes in 2024, but Ripple's future depends on legal outcomes and market dynamics.
3. Sui (SUI): Collaborating Beyond Solana! š¤š
Sui's collaboration with Solend outside the Solana ecosystem is a game-changer. Enhanced smart contract security and parallel processing set Sui apart. Projections indicate potential growth in 2024. Watch Sui as it expands into new territories, maintaining security and performance.
4. Cardano (ADA): Research-Driven Development and Sustainability! š±š
Cardano distinguishes itself with research-driven development, prioritizing sustainability and security. Positive developments in 2022 set the stage for potential growth in 2024. With a solid technological base and a dedicated community, Cardano faces the challenge of evolving market needs.
5. Near Protocol (NEAR): Redefining Blockchain Ease of Use! šš
NEAR Protocol redefines blockchain with an intuitive interface and revolutionary sharding technology. Gaining traction, NEAR must balance security and scalability.
š Explore Diverse Opportunities: Stay Informed, Invest Smart! š¼š
#Top5Cryptos #CryptoUpdate #CryptoPredictions2024 #cryptocurrency #crypto2024
In the dynamic crypto market, seize opportunities with these seven cryptocurrencies priced under $15, making them worth considering for your 2024 investment portfolio.
1. ScapesMania (MANIA): Gaming Ecosystem Revolution! š®š
ScapesMania introduces a meticulously designed gaming ecosystem with DAO governance, offering backers influence and benefits in a multi-billion-dollar industry. Transparency, innovation, and community focus make ScapesMania a promising project with a bright future.
2. Ripple (XRP): Resilience Amid Legal Challenges! šŖš
Despite legal challenges, Ripple (XRP) stands strong with its swift settlement system and efficient currency exchange network. Recent recognition by Irelandās Central Bank highlights its resilience. Projections suggest potential spikes in 2024, but Ripple's future depends on legal outcomes and market dynamics.
3. Sui (SUI): Collaborating Beyond Solana! š¤š
Sui's collaboration with Solend outside the Solana ecosystem is a game-changer. Enhanced smart contract security and parallel processing set Sui apart. Projections indicate potential growth in 2024. Watch Sui as it expands into new territories, maintaining security and performance.
4. Cardano (ADA): Research-Driven Development and Sustainability! š±š
Cardano distinguishes itself with research-driven development, prioritizing sustainability and security. Positive developments in 2022 set the stage for potential growth in 2024. With a solid technological base and a dedicated community, Cardano faces the challenge of evolving market needs.
5. Near Protocol (NEAR): Redefining Blockchain Ease of Use! šš
NEAR Protocol redefines blockchain with an intuitive interface and revolutionary sharding technology. Gaining traction, NEAR must balance security and scalability.
š Explore Diverse Opportunities: Stay Informed, Invest Smart! š¼š
#Top5Cryptos #CryptoUpdate #CryptoPredictions2024 #cryptocurrency #crypto2024
š XRP's Potential Year-End Rally Sparks Interest Amidst Bull-Bear Showdown
As December draws to a close, XRP is at the center of a significant bull-bear confrontation, aiming to conclude the year on a positive note for the first time in six years. Despite a recent dip, with XRP currently trading at $0.6324, down by 1.95% in the last 24 hours, bullish sentiments persist, echoing the potential for historical December growth.
š Historical Perspectives:
Historically, December has not been the most favorable month for XRP, witnessing only three positive trends in the past decade. Notably, December 2017 marked a watershed moment with an astounding 818.9% surge, while subsequent years saw substantial sell-offs.
š Potential Breakthrough:
XRP enthusiasts are closely monitoring the current 4.05% gain in December, hoping it can defy the bearish trend ingrained in its history. The heightened volatility adds an extra layer of anticipation, with a positive year-end closure being viewed as a record-breaking milestone that could propel XRP into a promising start for 2024.
š” Looking Ahead:
Despite ongoing regulatory tensions between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc., XRP's price outlook for the coming year appears optimistic. New catalysts, independent of regulatory concerns, are poised to fuel its growth, potentially marking a transformative phase for the cryptocurrency.
š Stay Updated with the Latest Cryptocurrency Insights: Follow Blockopedia for Real-time Updates!
#XRPBullRun #XRPWhaleAccumulation #XRPSurge #cryptocurrency #crypto2024
As December draws to a close, XRP is at the center of a significant bull-bear confrontation, aiming to conclude the year on a positive note for the first time in six years. Despite a recent dip, with XRP currently trading at $0.6324, down by 1.95% in the last 24 hours, bullish sentiments persist, echoing the potential for historical December growth.
š Historical Perspectives:
Historically, December has not been the most favorable month for XRP, witnessing only three positive trends in the past decade. Notably, December 2017 marked a watershed moment with an astounding 818.9% surge, while subsequent years saw substantial sell-offs.
š Potential Breakthrough:
XRP enthusiasts are closely monitoring the current 4.05% gain in December, hoping it can defy the bearish trend ingrained in its history. The heightened volatility adds an extra layer of anticipation, with a positive year-end closure being viewed as a record-breaking milestone that could propel XRP into a promising start for 2024.
š” Looking Ahead:
Despite ongoing regulatory tensions between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc., XRP's price outlook for the coming year appears optimistic. New catalysts, independent of regulatory concerns, are poised to fuel its growth, potentially marking a transformative phase for the cryptocurrency.
š Stay Updated with the Latest Cryptocurrency Insights: Follow Blockopedia for Real-time Updates!
#XRPBullRun #XRPWhaleAccumulation #XRPSurge #cryptocurrency #crypto2024
š°Can Shiba Inu (SHIB) Make More Millionaires in 2024? š
The tale of Shiba Inu's (SHIB) volatility creating millionaires in its early days has become legendary. As we step into 2024, the question on everyone's mind is whether history will repeat itself and pave the way for a new wave of SHIB millionaires.
š Shiba Inu's Historical Surge: From Memecoin to Millionaire-Maker!
Launched in 2020, Shiba Inu quickly captured the hearts of crypto enthusiasts, offering substantial returns to its early backers. The parabolic run catapulted SHIB to an All-Time High (ATH) of $0.00008845 in October 2021, making millionaires out of savvy investors. Despite an 88% drop in value, the sentiment surrounding SHIB's potential remains high.
š SHIB's Current Standing: A Closer Look
As of now, Shiba Inu holds a price of $0.00001065 and a market capitalization of $6,274,374,225, ranking as the 17th largest cryptocurrency. The prospect of SHIB creating more millionaires hinges on various factors, including the potential approval of the spot Bitcoin ETF by the US SEC.
š Shiba Inu's Subtle Mission and Catalysts for Growth
Shiba Inu's mission to create millionaires gains momentum with the integration of Shibarium hosting Decentralized Applications (DApps). This move is expected to attract users, potentially increasing demand for SHIB. While the growth rate may not replicate its early days, predictions suggest unprecedented price levels in 2024.
š” Becoming a SHIB Millionaire: A Holistic Analysis
To join the SHIB millionaire club, one might need to hold at least 100M SHIB, costing $1000 at current prices. With SHIB reaching $0.01, this investment could turn into $1M. Even at $0.001, the return could be $100K, and at $0.0001, $1000 might turn into $10K.
š„ For real-time insights and crypto news, follow The Blockopedia! šš°
#ShibaPriceAnalysys #ShibaInuSurge #ShibaBurns #Cryptocurrency #crypto2024
The tale of Shiba Inu's (SHIB) volatility creating millionaires in its early days has become legendary. As we step into 2024, the question on everyone's mind is whether history will repeat itself and pave the way for a new wave of SHIB millionaires.
š Shiba Inu's Historical Surge: From Memecoin to Millionaire-Maker!
Launched in 2020, Shiba Inu quickly captured the hearts of crypto enthusiasts, offering substantial returns to its early backers. The parabolic run catapulted SHIB to an All-Time High (ATH) of $0.00008845 in October 2021, making millionaires out of savvy investors. Despite an 88% drop in value, the sentiment surrounding SHIB's potential remains high.
š SHIB's Current Standing: A Closer Look
As of now, Shiba Inu holds a price of $0.00001065 and a market capitalization of $6,274,374,225, ranking as the 17th largest cryptocurrency. The prospect of SHIB creating more millionaires hinges on various factors, including the potential approval of the spot Bitcoin ETF by the US SEC.
š Shiba Inu's Subtle Mission and Catalysts for Growth
Shiba Inu's mission to create millionaires gains momentum with the integration of Shibarium hosting Decentralized Applications (DApps). This move is expected to attract users, potentially increasing demand for SHIB. While the growth rate may not replicate its early days, predictions suggest unprecedented price levels in 2024.
š” Becoming a SHIB Millionaire: A Holistic Analysis
To join the SHIB millionaire club, one might need to hold at least 100M SHIB, costing $1000 at current prices. With SHIB reaching $0.01, this investment could turn into $1M. Even at $0.001, the return could be $100K, and at $0.0001, $1000 might turn into $10K.
š„ For real-time insights and crypto news, follow The Blockopedia! šš°
#ShibaPriceAnalysys #ShibaInuSurge #ShibaBurns #Cryptocurrency #crypto2024
In 2024, ChatGPT believes that XRP will "blow past" its all-time high and reach $10
In spite of the fact that ChatGPT is not equipped with the most recent information and does not offer any forecasts about the future, I used a jailbreak to question it about what the future holds for XRP, taking into consideration the current situation. When the bot was asked what the future holds for XRP in light of the positive court verdict, it answered by suggesting that the cryptocurrency may have short-term momentum as investor confidence improves.
On the other hand, this may slow down at some point in the future due to the fact that the market is influenced by a variety of factors, including acceptance, attitude, and the clarity of legal requirements. In addition, the bot added that although favorable developments on the legal front are a sign of optimism, it is still essential to maintain watch of other developments and prospective regulatory changes that might have an impact on the price of XRP in the future.
When I asked ChatGPT what the price of XRP would be in the first quarter of 2024, the bot made a bold assertion that the cryptocurrency will achieve $10 per token. I provided ChatGPT with some context by mentioning the press time pricing of Bitcoin and Ethereum.
Although it referred to this peak as the "comeback of the century," it also cautioned that its forecasts are only hypothetical and that the real prices may differ drastically from what was predicted.
Lastly, I inquired as to whether or not the cryptocurrency will reach its all-time high in the year 2024. A confident response was sent to me by the bot, which stated that XRP will "blow past" its all-time high (ATH) in 2024 and reach heights that have never been seen before, leaving its previous all-time high in the dust.
#XRPUpdate #XRP #crypto2024
On the other hand, this may slow down at some point in the future due to the fact that the market is influenced by a variety of factors, including acceptance, attitude, and the clarity of legal requirements. In addition, the bot added that although favorable developments on the legal front are a sign of optimism, it is still essential to maintain watch of other developments and prospective regulatory changes that might have an impact on the price of XRP in the future.
When I asked ChatGPT what the price of XRP would be in the first quarter of 2024, the bot made a bold assertion that the cryptocurrency will achieve $10 per token. I provided ChatGPT with some context by mentioning the press time pricing of Bitcoin and Ethereum.
Although it referred to this peak as the "comeback of the century," it also cautioned that its forecasts are only hypothetical and that the real prices may differ drastically from what was predicted.
Lastly, I inquired as to whether or not the cryptocurrency will reach its all-time high in the year 2024. A confident response was sent to me by the bot, which stated that XRP will "blow past" its all-time high (ATH) in 2024 and reach heights that have never been seen before, leaving its previous all-time high in the dust.
#XRPUpdate #XRP #crypto2024
š Top Analyst Expects Bitcoin Price To Hit $50000 Before 40% Correction
š Breaking News: Bitcoin Price and Future Projections
In the midst of Bitcoin's recent volatility, the price has dipped below $42,000, marking a 3% decrease in the past week. Yet, amidst the uncertainty, top crypto analyst Ali Martinez makes a bold prediction. According to Martinez, Bitcoin could surge to $50,000 before encountering a substantial 40% correction.
š® Analyzing the Analyst's Insight: What to Expect?
Martinez draws parallels to historical trends, particularly noting the occurrence of Bitcoin's first major correction in 2016 and 2019 after hitting the 0.786 Fibonacci retracement level. If history repeats itself, Bitcoin could reach $50,000 before experiencing a significant pullback to as low as $30,000.
š” Implications for Traders: Bulls and Bears at Play
For bulls, the anticipation of a potential bull run and the $50,000 milestone might be promising. On the flip side, bears could find joy in the prospect of a dip to $30,000. This correction could present an attractive entry point for investors seeking a more affordable BTC price. However, it's essential to note that such a drop could trigger a shakeout of overleveraged long positions.
š° Market Snapshot: Bitcoin's Current State
In today's trading session, Bitcoin briefly slipped below $42,000 but managed to recover. Over the past seven days, it has witnessed a 3% loss, reaching $42,112.96 at the time of this update on Saturday, December 30, 2023. Despite recent declines, Bitcoin still boasts a 1-month return of over 11%, hitting a high of $44,705.32 during this period.
š Stay Informed, Stay Ahead: Follow The Defidraft for Real-time Updates on Crypto Markets!
#BitcoinETFUpdate #BitcoinETFs! #BitcoinETFLaunch #cryptocurrency #crypto2024
š Breaking News: Bitcoin Price and Future Projections
In the midst of Bitcoin's recent volatility, the price has dipped below $42,000, marking a 3% decrease in the past week. Yet, amidst the uncertainty, top crypto analyst Ali Martinez makes a bold prediction. According to Martinez, Bitcoin could surge to $50,000 before encountering a substantial 40% correction.
š® Analyzing the Analyst's Insight: What to Expect?
Martinez draws parallels to historical trends, particularly noting the occurrence of Bitcoin's first major correction in 2016 and 2019 after hitting the 0.786 Fibonacci retracement level. If history repeats itself, Bitcoin could reach $50,000 before experiencing a significant pullback to as low as $30,000.
š” Implications for Traders: Bulls and Bears at Play
For bulls, the anticipation of a potential bull run and the $50,000 milestone might be promising. On the flip side, bears could find joy in the prospect of a dip to $30,000. This correction could present an attractive entry point for investors seeking a more affordable BTC price. However, it's essential to note that such a drop could trigger a shakeout of overleveraged long positions.
š° Market Snapshot: Bitcoin's Current State
In today's trading session, Bitcoin briefly slipped below $42,000 but managed to recover. Over the past seven days, it has witnessed a 3% loss, reaching $42,112.96 at the time of this update on Saturday, December 30, 2023. Despite recent declines, Bitcoin still boasts a 1-month return of over 11%, hitting a high of $44,705.32 during this period.
š Stay Informed, Stay Ahead: Follow The Defidraft for Real-time Updates on Crypto Markets!
#BitcoinETFUpdate #BitcoinETFs! #BitcoinETFLaunch #cryptocurrency #crypto2024
š What Crypto Innovations Will Happen in 2024
Get ready for a transformative year in crypto with the top 10 developments to be excited about in 2024. š
Crypto Bull Rally on The Horizon? š
The possibility of a Bitcoin bull rally in 2024 has garnered significant attention. The likely spot ETF approval in the US and the impending Bitcoin halving contribute to bullish momentum.
Bitcoin Spot ETF Approval Set for 2024? š
Bitcoin ETFs mirror traditional ETFs, allowing investment in Bitcoin without the complexities of direct ownership, which appeals to institutional investors. The anticipated approval of Bitcoin ETFs could broaden Bitcoinās investor base, potentially leading to increased adoption and price stability.
Stable Interest Rates in 2024? š
Adding to the spot ETF hype is next yearās likely more favorable macroeconomic environment for crypto. Expectations that central banks globally will forgo further rate hikes in 2024 could boost the prices of speculative assets like crypto.
Bitcoin Halving Event Set For 2024: Major Catalyst? āļø
In addition to ETF approvals and a positive macroeconomic environment, the upcoming Bitcoin halving might act as a catalyst for a bull market.
Is 2024 Altcoin Season Again? š
The expected approval of Bitcoin ETFs and the anticipation of global central banks moving away from rate hikes could create a favorable environment for cryptocurrencies in general.
In such a climate, after initial strong performances by Bitcoin and Ethereum, partly driven by the Bitcoin halving event and ETF approvals, there might be a shift of investor interest towards altcoins.
FTX, Celsius Sagas Draw to Close With New Regulations Coming š
While bullish factors will likely predominate in 2024, the year will also bring the final end to the destructive FTX and Celsius bankruptcies.
Stay tuned for more updates as we navigate the exciting crypto landscape in 2024! šš
#CryptoForecast #crypto2024 #crypto #cryptocurrency #crypto2023 š°
Get ready for a transformative year in crypto with the top 10 developments to be excited about in 2024. š
Crypto Bull Rally on The Horizon? š
The possibility of a Bitcoin bull rally in 2024 has garnered significant attention. The likely spot ETF approval in the US and the impending Bitcoin halving contribute to bullish momentum.
Bitcoin Spot ETF Approval Set for 2024? š
Bitcoin ETFs mirror traditional ETFs, allowing investment in Bitcoin without the complexities of direct ownership, which appeals to institutional investors. The anticipated approval of Bitcoin ETFs could broaden Bitcoinās investor base, potentially leading to increased adoption and price stability.
Stable Interest Rates in 2024? š
Adding to the spot ETF hype is next yearās likely more favorable macroeconomic environment for crypto. Expectations that central banks globally will forgo further rate hikes in 2024 could boost the prices of speculative assets like crypto.
Bitcoin Halving Event Set For 2024: Major Catalyst? āļø
In addition to ETF approvals and a positive macroeconomic environment, the upcoming Bitcoin halving might act as a catalyst for a bull market.
Is 2024 Altcoin Season Again? š
The expected approval of Bitcoin ETFs and the anticipation of global central banks moving away from rate hikes could create a favorable environment for cryptocurrencies in general.
In such a climate, after initial strong performances by Bitcoin and Ethereum, partly driven by the Bitcoin halving event and ETF approvals, there might be a shift of investor interest towards altcoins.
FTX, Celsius Sagas Draw to Close With New Regulations Coming š
While bullish factors will likely predominate in 2024, the year will also bring the final end to the destructive FTX and Celsius bankruptcies.
Stay tuned for more updates as we navigate the exciting crypto landscape in 2024! šš
#CryptoForecast #crypto2024 #crypto #cryptocurrency #crypto2023 š°
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