Grayscale report: Bitcoin, crypto market poised for growth pending stable macroeconomy. Bitcoin resilient despite April dips. Fed hints at rate cuts amidst inflation concerns. Positive crypto developments include Bitcoin halving, stablecoin market growth.
EdmundHong Kong's spot Bitcoin ETFs saw second straight day of outflows, with 90.16 BTC leaving on Thursday. China Asset Management's ETF led outflows, reversing earlier inflow trends. Despite this, total AUM for all three ETFs reached 4,260 BTC and $261.45 million. Investor behavior shifts with $5.5 million total daily outflows.
EdmundHoskinson voices concerns over Biden administration's crypto approach, criticizes SEC's SAB 121. Warns of talent exodus and urges voting for crypto-friendly candidates. Contrasts Biden's stance with Trump's support for crypto. Calls for voter prioritization of crypto issues in upcoming elections.
Xu LinEU explores integrating cryptocurrencies into €12 trillion investment market, potentially eclipsing US crypto ETFs. ESMA's consultation on crypto under UCITS framework heralds a significant shift. Despite benefits, challenges like aligning custody practices remain, indicating a complex path ahead.
Xu LinViaBTC underscores the significance of Bitcoin transaction fees, propelled by applications like Ordinals and Runes, in sustaining miners amidst halving events. Despite challenges, ViaBTC's record-setting transaction fee on halving day highlights the potential of increased network activity for miner compensation, aligning with Satoshi Nakamoto's vision.
Huang BoVan de Poppe warns of Bitcoin's vulnerable position, signaling a possible dip to $52,000-$55,000. Declining whale accumulation and bearish market trends heighten concerns despite ongoing demand from American spot Bitcoin ETFs and MicroStrategy.
EdmundGrayscale's Q1 revenue flat despite GBTC's conversion to ETF; outflows prompt fee reconsideration. US spot Bitcoin ETFs face competition; DCG sees 11% revenue rise; Foundry and Luno subsidiaries thrive amidst volatility.
Huang BoDOGE price dips 5.8% after Robinhood's SEC trouble. Tight BTC correlation adds pressure. Technical analysis points to $0.143-$0.146 support zone. Resilient indicators offer cautious optimism.
Huang BoPublicly traded companies collectively hold over $19 billion worth of Bitcoin in their treasuries. Leading the pack are prominent names such as MicroStrategy, Tesla, and Coinbase, along with Bitcoin mining firms.
KikyoEthereum's DenCun upgrade leads to inflationary trend, challenging its previous deflationary narrative. Decreased burning rate and increased supply post-upgrade indicate shifting economic dynamics, prompting reassessment of Ethereum's role as "Ultrasound money."
Huang BoKiyosaki also praised Wood for having the courage to make such a prediction.
JinseFinanceBinance New Coin Mining has now launched its 48th project - AEVO (AEVO), a decentralized derivatives trading platform.
JinseFinanceThere are two major narratives in the crypto market. First up, Bitcoin. Followed by Ethereum, and Ethereum may explode in 2024.
JinseFinanceAevo's launch of JUP Pre-Launch Futures at 0.2183 USDT marks a pivotal moment. With airdrop initiatives and a current JUP price at 0.2138 USDT, the crypto community eagerly anticipates market dynamics.
EdmundAPT is trading inside a descending parallel channel.
BeincryptoSolana price prediction: 33% of an in-industry expert panel say they are losing trust in SOL and the Solana team. The result follows network outages and dramas like the $661k DEX loss. This is according to the latest Finder report.
BeincryptoDaily RSI for SOL has remained below the neutral 50-level for most of the last month indicating a higher sell-side pressure in the market.
Beincrypto
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