Month: January 2024

Analyst Predicts 2 Scenarios For Price Beforehand

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Amid the anticipation circling the Bitcoin Spot Exchange-Traded Fund (ETF) approval, crypto analyst CryptoQuant has made a bold prediction for the digital asset beforehand. 2 Major Scenarios For Bitcoin Price CryptoQuant, a well-known cryptocurrency expert, has revealed two major scenarios for Bitcoin in advance to BTC Spot Exchange-Traded Fund (ETF). According to the analyst, BTC will undergo a bullish and bearish scenario before approval from the United States Securities and Exchange Commission (SEC). The analyst’s prediction delves into Bitcoin price support and resistance analysis. CryptoQuant’s forecast was based on on-chain…

Can Bitcoin Spot ETF Verdict Push Bitcoin Price above $50000

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Bitcoin (BTC) price soared above $47,000 on Jan. 8 for the first time in 21 months amid Bitcoin ETF approval anticipation. Recent developments surrounding the U.S. Securities and Exchange Commission’s (SEC) looming verdict on Spot ETF filings have been pivotal to the BTC price upswing.  On Jan. 8, the SEC chairman, Gary Gensler, issued a post on X (previously Twitter) warning investors of the potential crypto investing pitfalls. Markets reacted positively, as bullish investors interpreted it as a prelude to an imminent Spot ETF approval verdict. Bitcoin (BTC) price rallied…

Fidelity’s spot Bitcoin ETF launches on DTCC debut, Ethereum whales bank on AI altcoin

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A spot Bitcoin ETF by Fidelity was recently listed on the DTCC website. This development might push Bitcoin prices further, generating a positive outlook for other cryptocurrencies. Meanwhile, an anonymous Ethereum whale is doubling down on InQubeta (QUBE). This project merges artificial intelligence (AI) and blockchain technologies.  This article explores why the Ethereum whale considered InQubeta as Fidelity’s spot ETF lists on DTCC. InQubeta presale success InQubeta is a platform that…

Will Fantom Network Activity Give FTM Price A Shot In The Arm?

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Fantom (FTM) investors have endured a brutal week, witnessing their holdings shrink by over 20% in just seven days. The latest blow came within the past 24 hours, with a nearly 10% plunge leaving the token hovering around $0.37. This stark price decline stands in stark contrast to the encouraging surge in Fantom’s network activity, raising questions about what’s driving the disconnect. While increased transactions and user engagement are typically seen as positive indicators for a blockchain project, Fantom’s price remains stubbornly bearish. Related Reading: Polygon NFTs Explode: 6-Month High…

CryptoQuant unveil two potential scenarios for spot Bitcoin ETFs

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Analysts from CryptoQuant revealed two scenarios that could unfold before the approval of spot Bitcoin (BTC) ETFs. CryptoQuant experts analyzed the support and resistance levels of the first cryptocurrency based on the average price of BTC holders and presented two scenarios: bullish and bearish. 2 Scenarios Before Bitcoin Spot ETF Approval and How to Respond Quicktake Post by @MAC_D46035 This post explains how to analyze the Bitcoin price support and resistance using on-chain data of the average unit price of #Bitcoin holders. Thread🧵 — CryptoQuant.com (@cryptoquant_com) January 9, 2024 According…

Spot Bitcoin ETFs Could Trade 8% Above Fair Value: Expert

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In a recent interview with Bloomberg, Reggie Browne, Co-Global Head of ETF Trading and Sales at GTS, shared insightful predictions regarding the potential trading dynamics of spot Bitcoin exchange-traded funds (ETFs). Browne foresees these ETFs trading at a significant premium, estimating as high as 8% above their net asset value (NAV). Why Spot Bitcoin ETFs Could Trade At A 8% Premium To NAV “I think the spreads will be very competitive and tight. The market maker community is resilient and prepared to offer a lot of liquidity,” Browne stated. However,…

BONK rallies 26%, social activity nearly doubles

The Solana-based meme coin Bonk (BONK) has emerged as the top gainer among the top 100 cryptocurrencies with its social activity almost doubling. BONK’s price has seen a 26% surge in the past 24 hours and is trading at $0.0000127 at the time of writing. Following the rally, Bonk’s market cap surpassed the $800 million mark, making it the 81st-largest crypto asset. BONK price, social volume and RSI – Jan. 9 | Source: Santiment The meme coin’s daily trading volume increased by 160%, reaching $326 million. Data shows that a…