Author: Maria
Hong Kong regulators are reportedly close to approving staking features for spot Ethereum exchange-traded funds (ETFs). This development comes as the region continues its efforts to establish itself as a crypto hub. Andrew Vranjes, Blockdaemon’s Head of International and Vice President, recently spoke on this potential approval during an interview at Token2049 in Singapore. Vranjes revealed that Blockdaemon has been actively working with spot crypto ETF issuers in Hong Kong to devise staking solutions that align with regulatory requirements. Progress In Ethereum Spot ETFs In Hong Kong Vranjes expressed optimism about the progress, indicating that regulators might allow staking within…
Following the Solana 1,000% run-up in 2023 and its re-entry into the crypto top 10 by market cap, it has been pitched against Ethereum once again. This was further propelled by the fact that Solana saw its blockchain activity surpass Ethereum’s, and even bringing in more revenue at a time. However, one place where Ethereum continues to surpass Solana is in its market cap. With Solana still well below Ethereum in this category, how much will one SOL cost if it is eventually able to reach ETH’s market cap? Solana With Ethereum’s Market Cap Currently, the Solana market cap is…
The fourth quarter (Q4) of every four-year cycle has always been historically bullish for Bitcoin (BTC). With Uptober just a week away, a crypto analyst has shared predictions on how high the price of Bitcoin could soar during this typically bullish season. Here’s How Far Bitcoin Can Climb In Uptober In a recent X (formerly Twitter) post, crypto analyst, Jelle shared insights on how the next few weeks would have an impact on the price of Bitcoin. According to various analysts, the month of September is seen as a historically bearish period for BTC, characterized by volatility and severe price…
With the market recovery in 2024, the number of newly minted Bitcoin millionaires have been on the rise. Given that the BTC price actually touched a new all-time high this year, the number of Bitcoin wallet holding balances of at least $1 million have skyrocket. So, in this report, we take a look at how many new BTC millionaires have been made and how much the number has grown compared to the figure from the previous year. Bitcoin Millionaires Cross 110,000 Data shows that over 20,000 new Bitcoin millionaires have been made so far in 2024 alone. According to BitInfoCharts,…
Bitcoin is currently trading around $63,500 as we start the journey into the last week of September with optimism for bullish prices. Renowned crypto analyst Willy Woo has offered an optimistic outlook for Bitcoin’s next steps, drawing attention to a key technical indicator, the Puell Multiple. In his recent analysis, Woo suggested that Bitcoin is positioned for a significant rally, forecasting bullish momentum as we head into the final quarter of 2024. The Role Of The Puell Multiple Willy Woo’s outlook revolves around the Puell Multiple, a metric that helps identify Bitcoin’s market cycle peaks and troughs by comparing the…
An executive of Standard Chartered, Geoffrey Kendrick, has drawn attention in recent days in finance circles with an extremely vivid declaration that Bitcoin may reach $200,000 at the end of 2025. This time, against a backdrop of increased interest in cryptocurrencies and increasing institutional investment, he remains optimistic on several factors that, he believes, will drive demand for Bitcoin, regardless of external economic conditions or the upcoming US presidential election. Drivers Behind The Prediction Kendrick claims that a number of factors could propel the price of BTC to previously unheard-of heights. The first is institutional investors’ acceptance of Bitcoin as…
In the last week, multiple miner wallets dormant from the Satoshi era transferred out a significant amount of Bitcoin (BTC). Generally, when miners sell their Bitcoin, especially in a significant proportion, it can induce selling pressure leading to a price drop. However, despite recent miner selling activity, BTC rallied by over 7% hitting a top price of $64,043 on Friday. Bitcoin Miner Sales Remain Price Neutral As 100-Day EMA Hits Yearly Low On Friday, five wallet addresses last active in the Satoshi era i.e. the earliest days following the creation of Bitcoin, moved a combined 250 BTC, valued at $15.9…
Despite some mid-week turbulence, the price of Bitcoin (BTC) rallied to close the past week on a positive note, with an overall price gain of 4.07% according to data from CoinMarketCap. This positive price performance allowed BTC to maintain its upward trajectory from the previous week when it crossed above the $60,000 price mark. However, amidst these price gains, it remains widely uncertain if the crypto market leader has now entered a bullish trend. Related Reading: Bitcoin Bull Run Begins: Expert Points To Massive Upside Potential In Coming Months Bitcoin MVRV Movement Key To Bull Run, Analyst Says On Friday,…
Ethereum is firm when writing but continues to underperform versus Bitcoin. Though ETH is floating above $2,400, and may even break above $3,000 in the coming years, the rapid strengthening of the world’s most valuable coin, on the other hand, might push the ETH/BTC ratio to multi-month lows. ETH Struggling Versus Bitcoin, ETH/BTC Ratio Drops To A 40-Month Low As of September 20, IntoTheBlock data reveals that ETH is trading at the lowest level versus Bitcoin in over 40 months. This trend clearly shows that the market, even with the engagement of institutions, is bullish on BTC. Interestingly, ETH continues…
According to a crypto analyst known pseudonymously as Master Kenobi on social media platform X (formerly Twitter), the prime cryptocurrency that’s going to outperform Bitcoin in this market cycle is none other than Dogecoin, the original OG meme coin. The analyst suggested that Dogecoin will outperform Bitcoin in the ongoing market cycle due to the follower effect, with Bitcoin laying the groundwork for the meme coin. This comes even as Bitcoin has had the lion’s share of investments and new inflow into the crypto industry since the beginning of the year due to increased institutional investments. This has seen Bitcoin…