Analysts weigh Bitcoin’s potential next moves
Bitcoin rose 70% from its November low, despite fears of rate hikes thanks to ETF approval expectations. Analysts from Cointelegraph presented several scenarios for further price dynamics.Experts and thought leaders on the digital economy and cryptocurrency market.
Analysts weigh Bitcoin’s potential next moves
Bitcoin rose 70% from its November low, despite fears of rate hikes thanks to ETF approval expectations. Analysts from Cointelegraph presented several scenarios for further price dynamics.
K33 Research: ETH/BTC poised to turn higher after ETF launch
K33 Research: The ETH/BTC ratio hit yearly lows, but the launch of a futures-based ETH ETF could reverse this trend.
JPMorgan: Stablecoin Issuers Could Disrupt the Money Market
Issuers of stablecoins risk undermining the short-term funding market after the Fed restricted access to it. JPMorgan says so, Bloomberg reports.
WSJ: Binance Loses Ground Under US Regulators’ Pressure
Binance is in a vulnerable position due to pressure from US regulators. If after the collapse of FTX the platform accounted for 70% of all trades on the crypto market, that figure has now fallen to 50%, according to Kaiko.
Opinion: The ‘golden cross’ in the dollar index won’t threaten Bitcoin
Concerns about the impact of a stronger U.S. dollar on digital gold may be overstated, especially over the long term. The two assets are not closely correlated.
Opinion: Mining companies seek to diversify revenue
Mining companies are exploring ways to diversify their sources of revenue. This conclusion was reached by Compass Mining analyst Anthony Power.
Rising US government-bond yields dampen Bitcoin’s appeal
Since the start of the third quarter, the leading cryptocurrency and the S&P 500 have fallen by 14% and 3%, respectively. The reason lies in rising yields on risk-free U.S. government bonds, CoinDesk reports.
Coinbase CEO opposes AI regulation, calls for industry decentralisation
The CEO of Coinbase, Brian Armstrong, spoke out against AI regulation and called for decentralisation of the industry.
JPMorgan: Shanghai hard fork disappointed in Ethereum activity
The Shanghai upgrade activated in April, the Shanghai upgrade to the Ethereum network appears not to have led to the expected rise in on-chain activity. CoinDesk reports, citing a JPMorgan report.
Robert Kiyosaki predicts a surge of investors into Bitcoin
The author of the bestseller 'Rich Dad Poor Dad' and entrepreneur Robert Kiyosaki urged investors to invest in gold, silver and Bitcoin before the collapse of the US economy.We use cookies to improve the quality of our service.
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