Bitcoin BTC +2.27% One analyst said the country could experience a positive demand shock in the coming months as new money flows in from registered investment advisers.A positive demand shock refers to a sudden surge in demand for an asset such as Bitcoin, potentially triggered by significant capital inflows into a particular market.James Butterfill, head of research at CoinShares, highlighted the dynamics that could trigger such an event, noting that spot Bitcoin exchange-traded funds have not yet been made available to the RIA market. “Typically, the fund platforms used by RIAs require three months of prior transaction data. This may…
Author: Crypto Flexs
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Global financial giant Standard Chartered raised its Bitcoin price forecast for the end of 2024 to $150,000. This is a significant increase from the previous forecast of $100,000.In a new report, analysts at Standard Chartered cited strong inflows into the recently launched spot Bitcoin ETF in the US as a key driver of their bullish outlook. The bank believes these “sticky” institutional flows will continue to push Bitcoin prices higher.Standard Chartered has emerged as one of the Bitcoin-friendly legacy banks with an active research team covering Bitcoin. Previously, analysts at the bank predicted that Bitcoin would reach $100,000 by the…
Bitget Wallet Launches Ecosystem Token BWB with Airdrop Points Program – Chainwire housenewsroomBitget Wallet launches ecosystem token BWB with airdrop point program We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is…
As the cryptocurrency market continues to develop and mature, major financial institutions and industry leaders are providing insights and predictions about the future of Bitcoin and Ethereum. TLDR Standard Chartered has raised its year-end Bitcoin price forecast to $150,000 and predicts BTC will reach a high of $250,000 in 2025. The bank also predicts that ETH could reach around $8,000 by the end of 2024 if a spot ETH ETF is approved in the US. Binance CEO Richard Teng expects Bitcoin to surpass $80,000 by the end of the year due to institutional adoption and declining supply. Crypto analyst Rekt…
Some on-chain observers estimate that more than $100 million worth of tokens were transferred for various meme coin presales over the weekend. Source: CoinDesk Cryptocurrency Investment Risk Warning Cryptocurrency assets are highly volatile. Your capital is at risk.Do not invest unless you are prepared to lose all your money.This is a high-risk investment and you should not expect to be protected if something goes wrong. Read full disclaimer like this:good night Loading…
Base surpassed Arbitrum and Optimism in trading volume. Despite initial neglect, Base began to attract attention. Arbitrum (ARB) and Optimism (OP) have seen gains in activity and price action moments since the Dencun upgrade, but Base has not received much attention. But over time, the situation changed in Bass’ favor. Recent developments suggest a change in dynamics, potentially positioning the protocol as a frontrunner in the L2 race. Activity is increasing. Recent data shows a noticeable surge in activity on Base and a significant increase in the number of transactions. In the last 24 hours, the network has seen an…
Posted 1 minute ago In ~ Daily trading volume on Base, the Ethereum layer 2 network incubated by Coinbase, has experienced significant growth over the past week. This is probably due to the lower transaction fees resulting from the Dencun upgrade.This layer 2 network experienced a sudden surge in daily users and transactions, reaching record highs immediately after the Dencun upgrade. This has resulted in a significant reduction in transaction fees across most Layer 2s, including Base.The number of daily transactions on the Base network was around 440,000 just before Dencun. According to The Block’s data dashboard, the number of…
Nigerian fintech startup Chipper Cash recently abolished the roles of 20 employees based in the US and UK. CEO Hamserunjogi said the decision was consistent with the goal of maintaining high operational efficiency and bringing the startup closer to profitability. Layoffs Set Chipper Cash for Positive Cash Flow for the First Time (…)
Ethereum research has made great progress over the past month and a half, and we are excited to see that the protocol is getting closer and closer to the point where it is ready for mainstream adoption. Progress in consensus algorithms, privacy, zero-knowledge proofs, and formal verification…
By the time this piece was written, Bitcoin had reverted to a value of less than $70,000. This week is expected to be volatile, with the value expected to reach around $65,000. Specifically, BTC is listed at $68,277.90, surging 4.94% in the last 24 hours. Bitcoin is back at center stage again as it has bounced back to this margin after trading above $72,000. Slide after initial support: price changes throughout the week The BTC value of around $68,000 reflects a 3.10% decline over the past seven days. Since the number is less than $70,000, the line on the graph…