Author name: Peter

The Approval of a Spot Ethereum ETF Could Drive the Crypto Asset’s Rally, Says Kaiko Research

A recent analysis conducted by Kaiko Research suggests that the approval of a spot-based ethereum exchange-traded fund (ETF) could be the strongest narrative for the crypto asset. The team at Kaiko Research believes that ethereum's recent rally following the approval of bitcoin ETFs indicates that investors are betting on the regulator's approval of ether-based ETFs. […]

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Understanding Multisignature Bitcoin Wallets: The Ultimate Guide

Self-custody: Why Should You Hold Your Own Bitcoin Keys? Interest in bitcoin arises from its role as an alternative monetary tool that addresses issues like inflation and censorship. As individuals consider transferring wealth into bitcoin, the crucial decision of how to securely store it emerges. The Role of Singlesignature Self-custody When it comes to self-custody,

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Bitcoin Technical Analysis: Navigating Through Bearish Currents

Introduction Bitcoin, with a market capitalization of $798 billion and a 24-hour trade volume of $16.58 billion, is currently experiencing consolidation just above the $41K zone. A detailed analysis of its 1-hour, 4-hour, and daily chart reveals a predominantly bearish trend. Technical Indicators Oscillators, which are key indicators of bitcoin's momentum and potential trend reversals,

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Bitcoin Price Plummets Below $39,000 as Market Speculations Intensify

Bitcoin's Continuous Decline In the past 24 hours, the price of bitcoin has continued its downward spiral, falling below the $39,000 mark. This comes after the cryptocurrency dipped below $40,000 on Monday, experiencing a 5.3% decrease relative to the U.S. dollar. From Boom to Gloom: Bitcoin's Market Value Bitcoin (BTC) has seen better days in

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Grayscale’s Bitcoin ETF Sees Significant Outflows as Holdings Decline

Grayscale's spot bitcoin exchange-traded fund (ETF), known as GBTC, has experienced increased outflows since its recent update. Present data reveals that a substantial 14,292.18 bitcoin, valued slightly above $556 million, exited the fund after Monday's trading activities. Declining Holdings Highlight Largest Outflow to Date Recent figures indicate a notable decrease in Grayscale's spot bitcoin ETF

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JPMorgan Anticipates Challenges for Crypto Market, Downgrades Coinbase Stock

JPMorgan, a global investment bank, has downgraded Coinbase stock while warning of a challenging period ahead for the crypto market. With a focus on the current pressure on crypto prices, JPMorgan cautions that there is a "greater potential for cryptocurrency ETF enthusiasm to further deflate." This could result in lower crypto prices and reduced trading

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The 2024 Bitcoin Halving: Impact on BTC Value and Mining Industry

As we step into 2024, the buzz in the cryptocurrency community intensifies with the looming Bitcoin halving event that has the potential to reshape the market dynamics. This event has a historical significance of triggering substantial changes in the crypto sphere. Drawing insights from past halvings, it is crucial to analyze the upcoming halving and

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Ethereum and Solana Outperform Bitcoin in Altered Altcoin Dynamics

Introduction In the ever-changing world of crypto markets, recent trends have revealed fascinating divergences in the altcoin market. Notably, Ethereum and Solana have emerged as leading performers, surpassing Bitcoin in terms of growth and market activity. A comprehensive report published by Glassnode, an onchain analytics firm, sheds light on this phenomenon and its implications. Ethereum's

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The Impact of Spot Bitcoin ETFs on Centralized Exchanges

Introduction Recently approved spot bitcoin exchange-traded funds (ETFs) are set to have a significant impact on centralized exchanges (CEXs), according to Anthony Bevan, CEO of Blockguard, a wealth management firm. Bevan, who is a full-time trader and investor, believes that spot bitcoin ETFs will attract investors looking for more regulated and mainstream investment options. The

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