JP Morgan: Bitcoin ETF price and flow correlation are declining
The correlation was as high as 0.84 in January, according to JPMorgan estimates, but has slowed since then.
JinseFinanceThe correlation was as high as 0.84 in January, according to JPMorgan estimates, but has slowed since then.
JinseFinanceTuur Demeester doubts the $1 million Bitcoin valuation by 2028, citing market uncertainties, halving impact, and concerns about ETFs. He emphasizes caution in making predictions.
Xu LinRecommended reading this evening: 1. 2023 Crypto Phishing Scam Report: Common Phishing Techniques Revealed; 2. How many times has the cryptocurrency with the largest increase in 2023 increased? ;3. Is the current Bitcoin price high or low? ;
JinseFinanceThe projected rise to $1 million for Bitcoin, as analyzed by Bit Paine, aligns with historical trends but faces uncertainties amidst market volatilities and regulatory decisions. While the potential for substantial gains exists, recent events highlight the susceptibility of Bitcoin's value to regulatory sentiments and market shifts.
Huang BoSt. Kitts and Nevis Prime Minister Terrance Drew announced plans to adopt Bitcoin Cash as legal tender and mine it as a country.
OthersMiners are facing an increasingly problematic climate for participating in the Bitcoin blockchain, and only higher BTC prices can help.
CointelegraphBitcoin simply will not budge from its multi-week range, and morale is suffering as a result.
CointelegraphBitcoin right now is a no-brainer investment for willing buyers, argues CryptoQuant contributor.
CointelegraphBitcoin SV joins the hard fork in posting dismal price performance as the dust settles on the Terra UST debacle.
CointelegraphTraders say BTC’s current price action aligns with the Bitcoin halving model, leading some analysts to expect a $24,000 bottom before the end of the year.
Cointelegraph