Day: January 8, 2024

PlanB Predicts Bitcoin Price Could Reach $532k after BTC Halving 2024

Based on his historical prediction of 2015 and 2019, PlanB remains confident that the Bitcoin price could rally to $500K during the mega bull run of 2025. After a strong start to the year 2024 last week, Bitcoin has been facing some selling pressure but has managed to hold above $43,500 levels. However, this hasn’t stopped Bitcoin analysts from making bullish predictions for the crypto. PlanB, the author of the stock-to-flow model recently made a bold prediction for Bitcoin after the Bitcoin halving. Along with the spot Bitcoin ETF approval,…

A Bullish Beginning? $151 Million Poured Into Crypto Funds In 2024’s First Week

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The first week of 2024 marked a notable milestone in crypto asset investments. Investment products in this particular sector witnessed inflows amounting to $151 million, according to a recent report from CoinShares. Crypto Asset Funds Sees Surge In Inflows This $151 million surge in inflow, as highlighted by James Butterfill, Head of Research at CoinShares, is particularly noteworthy in light of the Grayscale vs. US Securities and Exchange Commission (SEC) lawsuit, with these inflows contributing to a total of $2.3 billion since the case began in October 2022. This amount…

Pantera, VanEck prepare to make investment following spot Bitcoin ETF approval

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Four potential spot Bitcoin ETF issuers have disclosed initial seed capital exceeding $10 million before the SEC decides on bids.  Per individual filings with the U.S. Securities and Exchange Commission (SEC), VanEck has outclassed BlackRock in direct investment into its spot Bitcoin ETF. VanEck has seeded its bid with $72.5 million.  Crypto investment firm Bitwise seeded its Bitcoin (BTC) ETF with $500,000 but noted an additional $200 million cash injection expected from Pantera Capital if the SEC approves applications.  BlackRock and Fidelity seeded their BTC funds with $10 million and…

Gary Gensler issues crypto warning amid Bitcoin ETF decision

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SEC Chairman Gary Gensler’s recent crypto warnings coincide with major asset managers filing for Bitcoin ETF approval, signaling regulatory scrutiny. SEC Chairman Gary Gensler recently delivered a series of warnings through a Twitter thread, urging potential investors in crypto assets to be mindful of the risks and regulatory landscape. In his thread, Gensler stated, “Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws.” He emphasized that investors in crypto asset securities might be deprived of key information and essential protections. A thread 🧵…

Shiba Inu Breakout To $0.001? Rumored 9.25 Trillion SHIB Token Burn Could Be The Catalyst

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The Shiba Inu (SHIB) price could be primed for a significant surge if a recent rumor is anything to go by. This will provide a much-needed relief for the meme coin, which has been on a nose dive as of late.  A Record-Shattering Shiba Inu Burn On The Way? In a now-already deleted X (formerly Twitter) post, Shiba Inu’s team member Ragnar mentioned that the 9.25 trillion SHIB tokens could end up being burned this month. Although it is unclear why Ragnar deleted the post, it could well have been…

Bitcoin ETFs: The Bull Case

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In other words, the bull case around an ETF boils down to legitimization. Even before Gary Gensler, the current chairman of the Securities and Exchange Commission (SEC), took charge, the U.S. government was hesitant to approve crypto ETFs because of the possibility of market manipulation and fraud. ETFs, which are like mutual funds except typically more tax efficient and lower cost, are a relatively new and quick growing segment of traditional finance. Original

Lazarus withdraws $1.2m Bitcoin from crypto tumbler

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Notorious cybercriminal group Lazarus seems to be moving stolen Bitcoin after siphoning over $600 million from crypto protocols and users in 2023.  The North Korean-funded hacker organization withdrew some 27.3 Bitcoin (BTC) worth an estimated $1.2 million from an unidentified crypto mixer. Per Arkham Intelligence data, Lazarus cashed out its ill-gotten BTC over two transactions on Jan. 8. A Lazarus wallet received 10 BTC valued at $440,000 and 17.3 BTC worth $762,000 from a contract address. Shortly thereafter, the receiving address transferred 3.3 BTC to another address holding just under…

Analyst Says Expect A Decline To $30,220 If Bitcoin Loses This Support

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An analyst has explained how a decline to $30,220 or below could happen for Bitcoin if the strong support range below the current price gets lost. Bitcoin Has Strong Support Between $42,560 And $43,245 Right Now In a new post on X, analyst Ali has discussed how Bitcoin is floating above a strong on-chain support wall currently. In on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of Bitcoin that was last purchased at said level. This is because the investors…