Day: January 9, 2024

Bitcoin Halving 2024 Is Just 100 Days and 15,000 Blocks Away

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Bitcoin has shown a tendency to experience steady price increases in the months following the halving. The countdown to the Bitcoin (BTC) Halving in 2024 has begun, with just 100 days remaining until the event takes place. While the crypto market eagerly anticipates the approval of a spot Bitcoin Exchange-Traded Fund (ETF), Bitcoin miners will experience a 50% reduction in block rewards, marking the next block subsidy halving. The Bitcoin halving is scheduled to occur in the second quarter of 2024, tentatively around April 19. Various countdown tools, such as…

Nayib Bukele’s Bet on Bitcoin Is $13M in Profit as BTC ETF Approval Approaches

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SEC committee may delay decision on spot Bitcoin ETF

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Fox Business journalist Eleanor Terrett reported that the U.S. Securities and Exchange Commission may delay a decision on spot Bitcoin ETFs. In the X post, she noted that the five-member U.S. Securities and Exchange Commission (SEC) committee could still delay approval of a spot Bitcoin (BTC) ETF. While no formal ETF committee vote is scheduled, she explained that each committee member has the right to request a full committee review and vote on the matter based on their judgment. An interesting caveat here on how the 5-member SEC Commission could…

Filecoin: Rocky Start Hits Protocol With Slow New Year Progress

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Although the broader market is experiencing a strong start this year, Filecoin has opened the year at a snail’s pace. According to Coingecko, the token is up over 4% in the past 24 hours. However, the week started with FIL bleeding nearly 27%.  With investors uninspired by the ongoing broader market rally, FIL might be in for a rough few months after ending 2023 on a positive note.  On-Chain Growth Prevents A Bigger Disaster  In their most recent blog post, they highlight the recent achievements of the ecosystem. Over 2,442…

This week’s bitcoin ETF decision could drive the cryptocurrency to $200,000 in 2025, says Standard Chartered

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A bitcoin ETF approval could revolutionize the cryptocurrency the way it did investing in gold a generation ago, and send bitcoin’s price rocketing to $200,000 by the end of next year, according to Standard Chartered. All eyes are on the Securities and Exchange Commission in the runup to its Jan. 10 deadline to approve or reject one of multiple applications to launch a spot bitcoin exchange-traded fund. The agency is widely expected to approve more than one ETF, in order to level the playing field from the beginning. “We see…

Bitcoin Enters Uncharted Territory with First Ever Golden Cross

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As we step into 2024, Bitcoin opens the year with a remarkable price of $47,000, signaling a potential shift in the market dynamics.  This new year brings with it a historic moment for Bitcoin – its first-ever ‘Golden Cross’ involving the 50-week and 200-week moving averages (MAs). This rare occurrence is not just a technical anomaly but potentially a harbinger of a significant market movement. What Is A Golden Cross In Crypto? To understand the implications of this event, we must first delve into what a Golden Cross is in…

Bitcoin (BTC) Price Holds Above $46K Amid ETF Anticipation

Bitcoin held above $46,500 on Tuesday morning after briefly touching $47,000 as the ETF race ramps up. The cryptocurrency has gained around 5% over the past 24 hours. While most market analysts say the U.S. Securities and Exchange Commission will approve a spot bitcoin exchange-traded fund, some do not see this happening. Youwei Yang, the chief economist at BIT Mining, said in an email to CoinDesk that he thinks no spot bitcoin ETFs will be approved in the near future. Rather, Yang expects the SEC to delay approvals for at…

XRP Price Could Hit $220 With Gamma-Ray Burst: Crypto Analyst

Egrag Crypto, a crypto analyst on X, has released a technical analysis that suggests a potential surge in the price of XRP to as high as $220, drawing a vivid parallel to the astronomical event known as a Gamma-Ray Burst (GRB). In financial charting, the GRB analogy reflects a surge in price with a significant magnitude and rapidity, akin to the intense energy release of a cosmic GRB. Egrag utilizes a Fibonacci Channel (Fib Channel) for his forecast, a technical analysis tool that traders employ to identify potential levels of…

Fear & Greed Index reaches highest level since November 2021

The crypto market’s index of fear and greed has reached its highest level since the end of 2021, indicating greed. According to the latest data from the Alternative.me platform, the Fear and Greed Index in the crypto market has reached its highest level since November 2021. Back then, the price of Bitcoin hit at $69,000. Currently, the figure is 76 points — indicating a bullish greed sentiment not seen since then. Source: Alternative.me The index numerically shows the emotions and sentiments of crypto market participants. Now, the needle is in…