Month: March 2024

Borroe Finance seen as potential mooner as Celestia and SATS underperform

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In recent forecasts, analysts tout Borroe Finance ($ROE) as a top contender for substantial gains, while Celestia (TIA) and SATS face challenges amid market fluctuations. In a recent forecast, analysts recommended Borroe Finance as one of the best cryptocurrencies to consider investing in, highlighting its potential to moon. Meanwhile, Celestia (TIA) and SATS (SATS) struggle amid the ongoing market reversal. Analysts say Borroe Finance could moon Several analysts have…

US Spot Bitcoin ETFs Experience Record Outflows, Losing $740 Million In Three Days

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The 10 spot Bitcoin ETFs experienced their biggest three-day outflow since their debut in January, as reported by Bloomberg. This shift in investor sentiment comes after heightened interest that propelled the largest cryptocurrency in the market to a record high of $73,700. Bitcoin ETFs See Record Outflows Between Monday and Wednesday, a net total of $742 million exited the Bitcoin ETFs, reflecting outflows from the Grayscale Bitcoin Trust (GBTC) and a moderation in subscriptions for similar offerings from prominent firms like BlackRock (IBIT) and Fidelity Investments (FBTC). According to Bloomberg…

OKX Crypto Exchange to Cease Operations in India

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Cryptocurrency exchange OKX has informed its clients that it will no longer offer services in India. Customers are required to close their positions by the end of April, after which they can only withdraw their funds. The exchange cited regulatory considerations in the country as the reason for this decision. In a notice, OKX informed its Indian clients that they must close all margin positions, as well as positions in perpetual, futures, and options, and withdraw all funds by April 30. The notice stated that after this date, accounts will…

Coinbase Institutional releases Bitcoin halving primer for investors

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In anticipation of the fourth Bitcoin halving scheduled for mid-April, Coinbase Institutional has released a primer for investors. The Bitcoin halving, occurring every four years or upon mining every 210,000 blocks, will see miner rewards halve from 6.25 to 3.125 bitcoin per block upon reaching the 840,000 block. The document aims to guide institutional investors by examining the impact of previous halvings and incorporating the recent developments in the cryptocurrency market, such as the introduction of Bitcoin ETFs and Bitcoin’s ascent to unprecedented heights before the halving. Historically, Bitcoin has…

Bitcoin is up 6%, Green Bitcoin nears new milestone

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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. Bitcoin surges 6% to $66.7K amid an improving macro outlook. Green Bitcoin’s presale hits the $7M mark, showcasing potential. Bitcoin’s price has jumped 6% today, currently trading at $66.7K. The move follows a deep retracement the past week, but several significant catalysts have enabled its recovery and could bolster its upcoming trajectory. Meanwhile, the new Bitcoin-alternative Green Bitcoin is also thriving, as its presale has raised more than $7…

The Bitcoin Bull Market Is Far From Over, Quant Says

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Amidst the recent Bitcoin pullback from its previous all-time high above $73,000, Ki Young Ju, the founder and Chief Executive Officer (CEO) of Crypto Quant, reassures the broader crypto community that the BTC bull market is far from over.  Bitcoin Bulls Are Not Done In a recent X (formerly Twitter) post, Ju expressed strong bullish sentiment regarding Bitcoin, highlighting factors that suggest that Bitcoin’s upward trajectory is likely to continue. The Crypto Quant CEO shared a crucial indicator depicted in a price chart, showcasing the percentage of Realized Cap across four…

Coinbase CEO Invests in Trading Infrastructure Amid Bitcoin Surge

Coinbase (NASDAQ:COIN) Global Inc. is set to bolster its trading infrastructure in response to challenges faced by users during a significant upswing in Bitcoin prices towards the end of February, according to CEO Brian Armstrong. The platform encountered issues due to an unforeseen surge in trading volumes that surpassed the company’s predictive models, even accounting for preparations for volumes up to ten times the norm following the approval of spot Bitcoin exchange-traded funds (ETFs). This surge in trading activity was primarily fueled by Bitcoin’s attainment of new all-time highs, soaring…

Navigating the Bitcoin Halving: Glassnode Report Discusses a New Trading Landscape 

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As Bitcoin’s network halving event draws near, Glassnode’s latest report sheds light on the evolving trading strategies in the face of significant demand from ETFs, signaling a pivotal shift in the cryptocurrency market. Glassnode Report Unveils Shift in Bitcoin Trading Strategies Ahead of Halving In the countdown to Bitcoin’s much-anticipated halving, the crypto community is […] Original

AI Crypto Sector Stands Tall Amid Market Decline, Economy Bolsters by $7.54B in Just 30 Days

Amid a widespread downturn in the cryptocurrency markets this week, tokens based on artificial intelligence (AI) have nevertheless attracted billions of dollars in additional investment. In the last month, the AI-focused cryptocurrency sector has expanded by $7.54 billion, with the majority of the leading AI tokens—four out of the top five—experiencing notable gains since Feb. […] Source CryptoX Portal