Ripple CEO Brad Garlinghouse says he is “very optimistic” about the crypto market, predicting it could double its market cap this year. The executive explained that the macro trends, such as the spot bitcoin exchange-traded funds (ETFs), are driving “real institutional money” into the crypto space for the first time. Ripple’s CEO: Macro Factors Fuel […] Source BitcoincryptoexchangeExchanges CryptoX Portal
More than 600 Bitcoin $100,000 strike call options were traded in a significant block trade earlier today. According to Greeks.live, the traders had a notional value of up to $45 million and $8.5 million worth of premiums alone. Per the options market, traders are confident that Bitcoin’s price will reach or exceed $100,000. In simple terms, many traders are wagering that Bitcoin’s price will soar much higher, underlining a bullish sentiment in the cryptocurrency market. Bitcoin broke through the $70,000 zone without warning, one step away from a new all-time…
Brad Garlinghouse highlighted several macroeconomic factors behind the potential growth of the total crypto market value. Source
The future price and valuation of Bitcoin is a hot topic of debate, with varying predictions from different camps. One sentiment is maintained by most, though, and that is the fact that the cryptocurrency is going to trade at a much higher valuation than it is currently. Skybridge Capital CEO Anthony Scaramucci shares this sentiment, predicting that the Bitcoin market cap will eventually reach half of the gold market cap. Batting For Bitcoin To Capture 50% Of Gold Market Cap Anthony Scaramucci has long been a proponent of Bitcoin and…
CoinspeakerArthur Hayes $10M GMX Unstaking Shakes Market: Investors Unphased as Price Recovers Co-founder of BitMEX Arthur Hayes caused bearish fallout for GMX price this morning after unstaking 237,672.8 GMX, worth almost $10 million, and transferring it to the market maker of NFT marketplace Blur. Hayes was set to make over $3 million in profit from the potential selloff, as reported by Lookonchain. The market responded quickly, resulting in a sharp 10% price drop as GMX fell from highs of around $41 to $37. The unstaked GMX tokens cannot be tracked…
Amid the renewed strength recently displayed by Bitcoin, Michael Van De Poppe, a recognized cryptocurrency analyst and trader has offered an intriguing prediction for BTC, highlighting that the crypto asset is likely to reach the $300,000 threshold in this bull cycle. Bitcoin Price Targetted At Unprecedented Heights This Cycle Over the past month, the price of Bitcoin has been consolidating and hasn’t been able to sustain its rise beyond its new peak of $73,000. However, things could soon be changing, as Michael Van De Poppe expects the coin to surge…
The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse has boldly forecasted a transformative shift in the crypto industry, envisioning a $5 trillion market capitalization for cryptocurrencies in 2024. Ripple CEO Says Crypto Market Cap To Double By Year’s End Appearing in a recent interview with CNBC, Garlinghouse made a shocking prediction, stating that he sees the entire market capitalization of the crypto industry surging to $5 trillion by the end of 2024. The significance of this prediction carries severe weight, not just because of the startling numbers but also…
Mainland Chinese fund companies are leveraging their Hong Kong subsidiaries to explore spot Bitcoin ETFs, signaling their keen interest in the new investment avenue. Chinese mainland-based equity funds have reportedly submitted their applications to launch spot Bitcoin exchange-traded funds (ETFs) via their Hong Kong subsidiaries, according to a report from China’s state-owned newspaper Securities Times, which cites multiple institutions as a source. While the full list of China’s companies interested in offering spot Bitcoin ETFs wasn’t disclosed, it has been confirmed that Harvest Fund Management’s Hong Kong branch is among…
In the past 24 hours, the cryptocurrency market experienced a modest increase of 2.16% against the U.S. dollar, with bitcoin’s value lingering slightly above the $69,000 threshold. The Crypto Fear and Greed Index (CFGI) indicates that the market’s mood remains in an “extreme greed” phase. Market Sentiment Swings Between ‘Greed’ and ‘Extreme Greed’ Despite Bitcoin’s […] Original
MEV is often called an “invisible tax” on users, since certain methods for extracting it, like sandwich attacks and frontrunning, can eat directly into end-user profits. While MEV is a controversial topic even within the industry, some industry advocates argue that MEV plays a positive role in general since it can help to improve blockchain network efficiency. Source