Month: March 2024

Solana (SOL) Price Primed For 50% Leap: Experts Turn Bullish

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Crypto analysts are turning increasingly bullish on Solana (SOL), with forecasts suggesting a potential 50% surge in the near future. Following SOL’s 11% surge in the past 24 hours, several renowned analysts came forward to express their bullish stance. Solana Price Poised For Rally Towards $250 On X, crypto trader Bob Loukas (@BobLoukas) has provided an optimistic outlook, stating, “SOL now based and fuel up for leg to $250.” This statement is based on a thorough analysis of the weekly SOL/USD chart. The chart exposes that SOL has transformed its…

Bitcoin bullish momentum to persist despite miners sell-off, CryptoQuant CEO says

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Miners have seemingly started offloading their Bitcoin holdings as the fourth halving approaches, CryptoQuant notes. As Bitcoin (BTC) maintains its bull run and the fourth halving nears, miners have started selling their holdings in the cryptocurrency, monetizing their business operations to buy more equipment for profitability. In an X post on Mar. 13, CryptoQuant CEO Ki Young Ju published a graph of miners’ selling activity since 2012, noting that this time “bull market would continue unless ETF [exchange-traded fund] inflow slows down.” In a follow-up post, the CryptoQuant CEO noted…

Bitcoin reaches a new ATH, accumulation increases

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Bitcoin (BTC) has been consistently reaching new milestones almost every day over the past week as strong bullish momentum continues.  BTC briefly touched a new ATH of $73,750 at around 07:00 UTC on March 14 with its market cap reaching $1.45 trillion. However, the flagship digital currency slightly slipped and is trading at $73,350 at the time of writing. BTC price, whale activity, exchange inflow, exchange outflow and supply outside of exchanges – March 14 | Source: Santiment Moreover, Bitcoin’s daily trading volume recorded a 25% decline and is currently…

Two major catalysts will drive expansion of Bitcoin ETFs in 2024

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Bloomberg’s Eric Balchunas expects two key developments to broaden Bitcoin ETF access by year’s end. The initial development focuses on introducing Bitcoin ETFs to mainstream advisory services, which have not yet been adopted by prominent wirehouse platforms overseeing assets valued between $7 trillion and $10 trillion. Balchunas predicts these ETFs will be integrated into such platforms within the upcoming months, likening the expansion to enhancing product visibility in major retail environments, which he believes will bolster their adoption. Furthermore, Balchunas highlighted the potential of larger investment platforms, such as Raymond…

Thailand approves crypto tax break to boost its digital economy

Thailand’s cabinet approved a tax exemption measure for crypto earnings to boost the country’s competitive edge in digital finance. This strategic move targets earnings derived from investment tokens, granting investors a significant advantage by exempting these profits from personal income tax calculations. According to local reports, the policy will take effect on January 1, 2024. The policy underscores the government’s recognition of digital tokens as a crucial fundraising tool for local businesses. Thailand opens doors for big institutions, blockchain developers and traders to access U.S. spot #Bitcoin  ETFs. Thailand is…