Day: February 16, 2024

Bitcoin To Receive Monumental $150 Billion Inflow: Expert Reveals

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At the Exchange ETF conference in Miami Beach, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, engaged in a discussion with CNBC’s Bob Pisani on the future of spot Bitcoin ETFs and their integration within diversified portfolios. $150 Billion Ready To Enter The Bitcoin Rabbit Hole Ric Edelman cast a bold prediction about the future inflows into spot Bitcoin ETFs, foreseeing an unprecedented $150 billion by the end of 2025, up from the current $5 billion. He…

Chainalysis Report: Crypto Value Sent From Illicit Addresses Dropped by Nearly $10 Billion in 2023

According to Chainalysis’ report on money laundering trends, the value of crypto transferred by illicit addresses in 2023 fell by nearly $10 billion from $31.5 billion to the latest $22 billion. The report attributes the drop to the overall decline in both legitimate and illicit crypto transaction volumes in 2023. An analysis of services used […] Source CryptoX Portal

Crypto Traders See 20% Chance of Bitcoin Topping $70K by April End: DeFi Options Protocol Lyra

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Will February Deliver A $4,000 Knockout?

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Ethereum (ETH), the global runner-up in the cryptocurrency ring, is making serious moves this week, stepping closer to the coveted $3,000 mark. Could this be the opening bell for a February knockout, sending it soaring towards a staggering $4,000 finish by month’s end? Ethereum Staking And ETF Surge: Bullish Momentum Several factors are fueling this bullish sentiment, starting with the surging popularity of ETH staking. As Ethereum 2.0 gathers momentum, more investors are locking their ETH into staking contracts, earning passive income while reducing the readily available supply in the…

Licenced Stablecoin on/off Ramp Yellow Card to Introduce USDC on Stellar Network

The African stablecoin on/off ramp, Yellow Card, is set to introduce the stablecoin USDC on the Stellar network. This partnership has the potential to transform global payments and accelerate the adoption of digital assets. Lightning Fast Transfer Speed Yellow Card, a major licensed stablecoin on/off ramp in the African continent, recently announced plans to introduce […] Source CryptoX Portal

Bitcoin ETFs Boosts Coinbase (COIN) Shares As JPMorgan Upgrades Rating

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The recent Bitcoin rally, propelling its price to the $52,000 level, has positively impacted the stock of US-based cryptocurrency exchange Coinbase (COIN). After experiencing a notable dip to $115 at the start of February, Coinbase’s stock rose to $172 on Thursday, following a significant upgrade by a JPMorgan analyst. Improved Prospects For Coinbase Amid Crypto Rally According to a Bloomberg report, JPMorgan analyst Kenneth Worthington abandoned his bearish view on Coinbase weeks after downgrading the stock.  As Bitcoin traded higher, Coinbase shares gained as much as 7.8% following the upgrade.…

Historical Pattern Signals 50% Chance Of Reaching $100K By August

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Bitcoin (BTC), the world’s largest cryptocurrency, has surged to a 26-month high, reaching $52,000 and reigniting predictions of surpassing its previous all-time high (ATH) of $69,000.  The market has experienced a resurgence of bullish sentiments, fueled further by the recent adoption of Bitcoin spot exchange-traded funds (ETFs). These have spurred notable growth within just one month of approval by the US Securities and Exchange Commission (SEC). Bitcoin Poised For A Major Breakout?  Investment manager and market expert Timothy Peterson, who recently made a bold claim on social media platform X…

BNB Price Surges Over 5%, Why Bulls Could Aim For $400 In Feb 2024

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BNB price is gaining bullish momentum from the $315 support zone. The price could extend its rally above $375 and rise toward the $400 level in the near term. BNB price is showing bullish signs above the $350 pivot level. The price is now trading above $355 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $354 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gather bullish momentum if there is a close…

Traders Target $80,000 In High-Stakes Options Frenzy

As Bitcoin breached the $52,000 mark, a notable shift in investor sentiment has been observed, with an increased interest in call options for Bitcoin at ‘ambitious’ strike prices. This trend, primarily focusing on strikes above $60,000, signals a ‘robust’ confidence among traders in Bitcoin’s potential for further gains. QCP Capital, a renowned crypto asset trading firm, explained this phenomenon in its latest report, emphasizing the concentrated buying activity in these high-strike call options with various expiry dates. A Surge In High-Strike Call Options Call options are financial contracts that give the…