Day: March 25, 2024

Bitcoin is “Overheating” For The First Time Ever Before Halving

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Bitcoin, the world’s most valuable coin, is once again deviating from historical norms. According to an analysis by one crypto analyst, the coin is in the “overbought” territory of the Relative Strength Index (RSI) for the first time in the lead-up to halving. The RSI is a popular technical indicator analysts use to gauge the price momentum of traded instruments.  Bitcoin Overheating? RSI Stands Above 70 The analyst points out that the Bitcoin RSI on the monthly chart is currently above 70, indicating an overbought condition and overheating. This is a significant…

Goldman Sachs hedge fund clients show interest in crypto options trading

Goldman Sachs sees a surge in institutional clients gaining interest in crypto thanks to the Bitcoin ETF. According to Max Minton, Goldman’s Asia Pacific head of digital assets, the approval of Bitcoin ETFs has significantly influenced this trend. “The recent ETF approval has triggered a resurgence of interest and activities from our clients. Many of our largest clients are active or exploring getting active in the space,” Minton said in a release. Goldman Sachs, which introduced its cryptocurrency trading desk in 2021, offers its clients various crypto-related services. These include…

Key Events That You Should Keep An Eye On This Week

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There are a couple of events to watch out for this week, as they could prove pivotal in determining the future trajectory of the crypto market. These events could provide some certainty to the market or cause investors to wait on the sidelines for more favorable market conditions.  Events That Could Affect The Market This Week Some Federal Reserve officials are scheduled to speak at different events this week. One of them is Governor Lisa Cook, who will give a lecture on March 25. Fed Chair Jerome Powell will also…

Analyst Presents Top 10 Cryptos To Turn $5,000 Into $500,000

In a thread on X (formerly Twitter), the popular crypto analyst known as cyclop (@nobrainflip) delivered a bold forecast to his substantial following of 394,000. He proclaimed, “We are close to the biggest altseason in history. Everyone will make x50-x100 on their entire portfolio. $5k portfolio will be around $250k-$500k in 2025. All you need is to buy the right lowcaps.” This assertion hinges on a strategic selection of low market capitalization cryptocurrencies, which, according to Cyclop, are poised for an exponential surge in value. Cyclop elucidates his strategy by…

How to Improve Transparency and Public Trust in Crypto Markets

These legislative efforts are novel in using blockchain technology’s noteworthy public transparency and auditability functionality. Blockchains track debits and credits to accounts on a ledger, just like an ordinary accounting system, but in a real-time, transparent, and immutable fashion. The existence of any asset that resides on a public blockchain, whether a tokenized security or a digital commodity, is verifiable by customers and regulators. This is not the case for off-chain transactions, which don’t commit digital asset transactions to the appropriate blockchain. Instead, records of off-chain transactions are stored in…

London Stock Exchange to list Bitcoin and Ethereum ETNs starting in May

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The London Stock Exchange will start trading Bitcoin and Ethereum exchange-traded notes in May.  Starting April 8, the London Stock Exchange (LSE) will begin accepting listing applications for cryptocurrency exchange-traded notes (ETNs). The announcement follows the Exchange’s previous one and marks a significant milestone in integrating digital currencies into the U.K.’s financial market. Following the applications in April, the LSE will start trading crypto ETNs on May 28, pending approval from the Financial Conduct Authority (FCA). The inclusion of Bitcoin and Ethereum ETNs aims to attract a wide array of…

London Stock Exchange (LSE) Will Start Market for Bitcoin and Ether ETN’s May 28

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Analyst Forecasts Bitcoin To Hit $100,000 In High-Speed

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Cryptocurrency expert and analyst Doctor Profit has identified regions that are vital for Bitcoin (BTC) presently, which could possibly propel the crypto asset’s price to unprecedented heights at a very fast pace. For the most part, the cryptocurrency community is concerned about the way that Bitcoin’s price has performed during the last week. Nonetheless, Doctor Profit’s latest weekly update on the crypto market and Bitcoin has provided optimism for investors within the crypto space. Bitcoin For A Massive Leg Up To $100,000 In his analysis, Doctor Profit explores the Life…