Day: April 17, 2024

Bitcoin Could Hit $86,000 If This Key Level Is Surpassed: Analyst

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In a compelling forecast for Bitcoin, Ali Martinez, a well-known cryptocurrency expert and trader, has pointed out a possible development that could propel the crypto asset’s price to the $86,000 threshold in the foreseeable future. Bitcoin Movement Determined By Key Levels The analyst’s positive perspective highlights the possibility of a large upward shift in the price trend of Bitcoin, igniting interest and speculation in the cryptocurrency space.  Ali Martinez’s analysis primarily focuses on several key support and resistance levels, of which a break out from these levels will determine the…

Optimize Transactions and Unlock Digital Asset Opportunities

The core technology associated with bitcoin, cryptography, is not new but it has re-emerged with blockchain and smart contract technology, which supports tokenization. A token is a unit of value that can be transferred, stored, and traded on the blockchain and is a digital representation of potentially many different kinds of assets, such as ownership rights for cryptocurrencies as well as real-world assets like stock shares, real estate or even art. For some, the SEC’s approval of Bitcoin ETFs helped boost the legitimacy of this technology, and now we’re seeing…

Exploring High-Growth Infrastructure Investment Opportunities and Revenue Trends in Public Markets as Bitcoin Approaches Fourth Halving

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Of course, any single digit multiple assumed on valuation metrics must assume a Bitcoin price of between $70,000 to $100,000 which we would argue is reasonable given the current momentum in the price of Bitcoin. Conversely, given that these are technology companies, we would have to admit that execution risk at scale has proven a high hurdle to achieve. Original

Bitcoin ETFs (BTC) in Hong Kong Likely Not Available for Chinese Investors

Hong Kong regulators supposedly approved the launch of ETFs on Monday, opening the gates for new money being poured into bitcoin. Issuers include ChinaAMC, Harvest Global and Bosera International. The approval was announced by the issuers themselves, not the Securities and Futures Commission (SFC), Hong Kong’s securities regulator, who has maintained radio silence. Source CryptoX Portal

Bitcoin (BTC) Price Tumbles Below $61K, Ether Below $3K as Crypto Correction Deepens

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“If bitcoin can hold above this level, it keeps the direct focus on that next push to a fresh record high and towards $100,000,” Kruger said. “If on the other hand we see more downside pressure that translates to a breakdown below $59,000, this will delay the short-term bullish outlook and open the door for a more meaningful correction into the $45,0000-50,000 area.” Original

Crypto Analyst Unveils Top 10 BTCfi Altcoins Post-Halving

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As the community prepares for the much-anticipated fourth halving set for April 19, 2024, the buzz around Bitcoin-based projects is reaching a fever pitch. Crypto influencer Leshka.eth, with a following of over 128,500 on X (formerly Twitter), has identified a set of altcoins under the Bitcoin financial ecosystem (BTCfi) that could see significant gains post-halving. Crypto Analyst Shares His Top-10 BTCfi Altcoins Leshka.eth told his 128,500 followers on X (formerly Twitter) about the potential of various projects in the BTCfi landscape. He remarked, “The countdown to BTC halving ends in…

Zignaly Announces Cosmos-Based Layer-1 Blockchain ZIGChain, $100M Ecosystem Fund

“The wealth-management layer within ZIGChain shall allow a truly effortless user experience by building a wealth management service on top of any DeFi protocol, no matter how complex it is,” Torben Jorgenson, a partner at UDHC, which also participated in the round, said in a statement. “We are excited by the vision, and hence, becoming part of the ecosystem fund was a no-brainer.” Source