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Bitcoin Price Surge Predicted In a recently published prediction report, Bitget, a leading derivatives crypto exchange, has forecasted a vibrant future for the Bitcoin ecosystem. According to Bitget researchers, BTC has the potential to soar to $100,000 in the next bull market, revolutionizing the crypto world and offering unprecedented growth opportunities. The report emphasizes the […]

Georgetown Professor Urges SEC to Embrace In-Kind Creation Method for Spot Bitcoin ETFs A finance professor at Georgetown University is urging the U.S. Securities and Exchange Commission (SEC) to reconsider its proposed cash-only rule for spot bitcoin exchange-traded funds (ETFs). In a letter addressed to the SEC, Professor James Angel argues that the in-kind creation

Introduction The research team at Matrixport has noticed a significant increase in deposits in U.S. money market funds since the outbreak of Covid-19. This growth is seen as a positive sign for the expansion of the crypto asset market. Analysts believe that bitcoin will continue to rise, regardless of the approval of a spot exchange-traded

U.S. Treasury Secretary Janet Yellen believes that the level of inflation has decreased significantly, but there is still progress to be made for the Federal Reserve to reach its 2% inflation target. She emphasized that the central bank needs to manage two risks. "One is the possibility that inflation does not decrease to their target

Crypto asset manager Bitwise has revealed its 10 crypto predictions for 2024, which include a forecast of Bitcoin trading over $80,000, setting a new all-time high. The firm also estimates that spot Bitcoin exchange-traded funds (ETFs) could accumulate $72 billion in assets under management. Additionally, Bitwise expects Ethereum revenue to more than double to $5

Lolli's Successful Series B Funding Round Lolli, a prominent player in the bitcoin and cashback rewards arena, has announced the closure of an $8 million Series B funding round. The funding round was led by Bitkraft Ventures, with both new and returning investors participating. New Investors and Renewed Commitments The Series B round saw contributions

Financial Benchmarks Display Bullish Trend Following FOMC Announcement The Federal Reserve's most recent session of the Federal Open Market Committee (FOMC) concluded with the decision to leave interest rates unchanged. This outcome was in line with market expectations of rate reductions in 2024 and was influenced by Fed Chair Jerome Powell's dovish stance. As a

Introduction In the wake of a strong rise in non-fungible token (NFT) sales last November, the initial week of December continued this trend, with sales escalating by 57% compared to the previous week. Surge in NFT Sales This past week's NFT sales amounted to approximately $316 million. Despite this surge, the volume of buyers and

Saudi Aramco and SBI Holdings Partner to Explore Investment Opportunities Saudi Aramco, the largest oil and gas company in terms of market capitalization, is considering investing in digital assets. The company, with a market cap of over $2 trillion, has signed a memorandum of understanding (MOU) with SBI Holdings, a financial services group based in

Analyzing Bitcoin's Market Stance Bitcoin's price currently stands at $41,197, with various technical indicators providing insights into its market position. Over the past 24 hours, the cryptocurrency has traded between $40,712 and $41,957, indicating cautious optimism among traders. Oscillators and Market Sentiment Examining bitcoin's oscillators, we find that the relative strength index (RSI) is at