USDC’s increase in liquidity reflects the “overall pickup in both retail and institutional demand as crypto has moved into a new phase of its market cycle after the launch of spot bitcoin ETFs in the U.S., contributing to fresh capital inflows,” the authors wrote. A stablecoin is a type of cryptocurrency that’s typically pegged to the U.S. dollar, though some other currencies and assets such as gold are also used. Source
Marathon’s shares surged by more than 20%, fueled by investor optimism ahead of the forthcoming earnings report. Anticipation surrounding Marathon‘s financial performance, particularly in the wake of Bitcoin’s recent price surge, has fueled significant investor interest. The bullish sentiment was evident as Marathon’s stock (MARA) on Nasdaq surged by 21% to $29 as of Feb. 27, according to data from Google Finance. MARA stock price in USD | Source: Google Finance Analysts from Zacks Investment Research are forecasting Q4 revenues to reach $138.2 million, reflecting a staggering increase of over…
Reports have revealed that institutional investors are shifting their focus to Ethereum, displaying a preference compared to the largest cryptocurrency, Bitcoin. Despite Bitcoin’s recent rally to over $55,000, Ethereum’s unique features and potential developmental capabilities continue to capture institutional players’ interest. Institutions Favor Ethereum Over Bitcoin On February 24, cryptocurrency exchange, Bybit, published a research report on its users’ asset allocation. The research examined investors’ hodling and trading behaviours, covering the period from July 2023 to January 2024. Bybit’s report also provided valuable insights into investors’ asset allocation across cryptocurrencies…
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. After witnessing the astronomical surge of dog-themed coins like Dogecoin (DOGE) and Shiba Inu (SHIB) in 2021, the market is looking for the next big thing. With $7.5M raised so far during a presale event, analysts are predicting that Pullix (PLX) may replicate Dogecoin and Shiba Inu’s success in 2024. Dogecoin has a $80 billion market cap…
Bitforex, a centralized cryptocurrency exchange, abruptly halted user withdrawals. This sudden action occurred just moments after a reported $56.5 million was removed from the platform’s hot wallets. According to online crypto investigator Zachxbt, the Bitforex team has ceased all communication with users. No Official Word From the Bitforex Team On Feb. 23, Bitforex, a cryptocurrency […] Source
In a statement via X (formerly Twitter), Hunter Horsley, CEO of Bitwise Invest, shared insights from a recent memo to advisors and institutional clients penned by Matt Hougan, Bitwise’s Chief Investment Officer. The memo heralded the onset of a new era for Bitcoin, likening its current trajectory in the financial markets to having an ‘initial public offering’ (IPO) moment, signaling a major shift in price discovery mechanisms for the cryptocurrency. Bitcoin’s IPO Moment Hougan’s memo elaborates on the seismic shift within the Bitcoin investment landscape, stating, “Previously, only a fraction…
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OKX President Hong Fang says there is a high demand for crypto in the country. Source
A Bitwise researcher, Ryan Rasmussen, has indicated a balanced perspective on the potential approval of spot Ethereum Exchange-Traded Funds (ETFs) in the upcoming months, assigning a 50% probability to both possible outcomes. During an interview with Yahoo Finance on Feb. 26, Rasmussen expressed uncertainty regarding the market’s readiness for such a development, as per the Securities and Exchange Commission’s (SEC) preferences. “It’s about a 50/50 percent chance that we’ll see approval or we’ll see rejection,” the analyst said suggesting a split probability for the future of spot Ethereum ETFs. This…
Bitcoin (BTC) has been consistently rising over the past month and is getting close to its all-time $68,800 in November 2021. Now traders are betting on a further price rally, according to Santiment. BTC is up by 9% in the past 24 hours and is trading at around $56,200 at the time of writing. The flagship asset’s market cap surpassed the $1.1 trillion mark with a market dominance of 51.9%. BTC price, whale activity, open interest, funding rate and RSI – Feb. 27 | Source: Santiment As Bitcoin gained bullish…