Standard Chartered expects bitcoin to climb to $100,000 as the U.S. presidential election approaches and potentially reach $150,000 if former U.S. President Donald Trump wins. The bank’s head of digital asset research cites Trump’s perceived crypto-friendly stance as key for this bullish outlook for bitcoin. Trump’s administration is seen as fostering a supportive regulatory environment, […] Original
Former President and presumptive Republican nominee Donald Trump is once again trying to rally the cryptocurrency community to support his campaign over President Joe Biden’s in the leadup to the 2024 election. This time, he’s calling himself “the crypto president” if he wins on Nov. 5. Trump made the remark during a fundraiser in the upscale Pacific Heights neighborhood at the home of Tech venture capitalists David Sacks and Chamath Palihapitiya. The event attracted a diverse array of prominent guests, including executives from crypto exchange Coinbase, the Winklevoss twins, and…
Crypto analyst Javon Marks has made an ultra-bullish prediction for the Dogecoin price in this bull run. The analyst claims that the foremost meme coin could attain such ambitious heights based on its performance in previous market cycles. Dogecoin To Rise As High As $17 In This Bull Run Marks shared a chart on his X (formerly Twitter) platform in which he predicted Dogecoin could enjoy a 21,700% price gain and rise to $17. The analyst made this forecast based on Dogecoin’s historical breakout trend, in which the meme coin…
Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot XRP ETFs next year, reiterating that they are inevitable. The executive discussed cryptocurrency regulations in the U.S., highlighting the SEC’s shift towards pragmatism after losing court battles. XRP ETFs Likely Approved Next Year, Ripple’s CEO Says Ripple CEO Brad […] Source CryptoX Portal
Meme coins have experienced a notable decline alongside GameStop’s stock crash on June 7. Although the drop was smaller than GameStop’s, major meme coins like Pepe, Dogewheat, Floki, and Bonk fell by over 10%. The unpredictability of the market was evident as GameStop’s stock surged 47% the previous day in anticipation of a live broadcast by Keith Gill, known as ‘Roaring Kitty,’ who had led the GameStop rally. However, the stock price plummeted by as much as 40% after the 50-minute broadcast, which offered no new information. The unpredictability also…
Arthur Hayes, the founder and former CEO of Bitmex, recently shared his insights on the future of global financial markets in a blog post. Hayes delves into the impact of central bank policies on the global economy, emphasizing the role of interest rates and inflation targets. Bitmex Founder’s Perspective on Global Finance and Bitcoin In […] Original
The U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) witnessed an influx of $131 million on June 7, marking 19 consecutive days of positive inflows. This occurred even as the ARK 21Shares Bitcoin ETF (ARKB) saw net outflows totaling 1,364 valued at about $96.84 million, leaving its total holdings at 48,939 BTC, or $3.47 billion. According to Lookonchain, a notable 3,689 BTC, equivalent to $261.91 million, was added across nine different ETFs on June 7. The influx was primarily driven by BlackRock, which added 4,896 BTC worth $347.61 million to its…
U.S. spot bitcoin exchange-traded funds (ETFs) marked their 19th straight day of inflows on Friday, gathering $130.99 million. Blackrock’s IBIT was once again at the forefront, with net inflows amounting to $168 million. Consistent Inflows for U.S. Spot Bitcoin ETFs The inflow trend for U.S. spot bitcoin ETFs continued, adding another day of positive movement. […] Original
In the last 24 hours, the crypto market lost more than $96 billion as major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), faced corrections. Bitcoin, the leading cryptocurrency, saw a sharp drop to an intraday low of $68,507. At the time of going to press, the cryptocurrency was priced at $69,321 — a 2.57% dip from the previous 24 hours. Additionally, Bitcoin’s 24-hour trading volume went down by more than 4% to $28.1 billion. The correction came on the back of Bitcoin hitting a multi-week high of $72,000 on June…
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently seen its price fall below the 4-hour Simple Moving Average (SMA). This technical development is noteworthy for traders and investors, as the 4-hour SMA is often used to gauge short-term market momentum. When a cryptocurrency’s price drops below this moving average, it can signal a potential shift in market sentiment from bullish to bearish. This could imply increased selling pressure and a possible downward trend continuation. The implications of this price movement extend beyond technical analysis, as broader market conditions,…