Month: January 2024

Top 8 Crypto Trends That Will Dominate The Market In 2024

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Renowned analyst Ted (@tedtalksmacro) has offered a detailed forecast for 2024 in the crypto market. His analysis on X (formerly Twitter) touches on several critical points, from macro events, the Bitcoin Halving to fresh liquidity in the market. This is going to be quite a long post, summing up 2023 and looking ahead to the themes to watch if you’re investing in 2024 – so please bare with me 🫡 ✅ Summing up 2023 – China printed almost $1 trillion dollars but failed to push their economy out of the…

Cathie Wood has $1.5 bull case for Bitcoin price by 2030

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ARK Invest CEO Cathie Wood has a “base case” for $BTC going to $600k by 2030 but a “bull case of $1.5m by 2030”. In a recent appearance on CNBC, Cathie Wood, CEO of Ark Invest, reaffirmed her optimistic 2030 Bitcoin price predictions. Wood’s projections include a bear case of $258,500, a base case of $682,800, and a bullish scenario of $1.48 million. Wood disclosed that 25% of her net worth is invested in Bitcoin. CEO of Ark Invest, Cathie Wood, doubles down on her 2030 #Bitcoin price predictions 🤯…

Navigating Challenges and Opportunities in Financial Advising

In the realm of financial advisory, AI has the potential to become an indispensable tool for financial advisors, a group whose work heavily relies on intellectual capabilities and knowledge-based decision-making. Generative AI, in particular, stands to augment financial advisors’ capabilities, while increasing efficiencies, enabling sophisticated management and utilization of their intellectual property (IP) when leveraged within secure, non-public domains. Source

Bitcoin breaks $49k as spot BTC ETF trading volume surges

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Bitcoin made a 24-month high on day one of open trading for spot BTC ETFs less than 24 hours after the SEC issued approval.  On Jan. 11, the price of Bitcoin (BTC) hit $49,000 for the first time since December 2021 as trading opened for spot BTC ETFs across major U.S. exchanges like the Nasdaq, NYSE, and CBOE.  BTC’s surge amounted to nearly a 10% increase in price, with Bitcoin’s market cap less than $100 billion away from becoming a $1 trillion asset. When this report was written, BTC’s price…

JPMorgan analyzes winners and losers from asset management industry on the bitcoin ETF approval

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The approval of bitcoin ETFs reverberated across the landscape of stocks tied to crypto, leading JPMorgan to lay out which names can emerge as winner and losers. A rule change from the Securities and Exchange Commission released Wednesday night allow for bitcoin-focused exchange-traded funds, a move many see as a catalyst for regular investors to trade the digital currency. More than 10 firms are now in the process of launching bitcoin ETFs. Though the updated policy makes it easier to hold the currency itself, some finance stocks have already allowed…

Coinbase’s Bitcoin OTC trading volume reaches second-highest level in history

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According to a Jan. 11 report by CryptoQuant, an on-chain and market analytics tool, Coinbase’s Bitcoin OTC trading volume reached $7.7 billion today. On Jan. 10, an official SEC filing revealed that spot Bitcoin ETFs had received approval for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE. This approval follows a decade-long pursuit of this type of product. One day later, CryptoQuant reported that the purchase of Bitcoin (BTC) had surged in direct response to this announcement, reporting the highest level since Mar.…

Bitcoin ETF Approval Triggers $1.2 Billion Trading Volume And New Highs For BTC Price

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In a highly anticipated move, the United States Securities and Exchange Commission (SEC) approved all 11 Bitcoin ETF applications, and the market response has been nothing short of remarkable. The approval has led to significant trading volume and propelled Bitcoin to a new 22-month high. Within minutes of the Bitcoin ETFs going live, Bitcoin surged over 8% to reach $48,400, representing a new record since the end of the crypto bear market. The early price movement aligns with the predictions made by the majority of experts in the crypto industry.…