A spot Bitcoin exchange-traded fund (ETF) is nearing its first month of operation, with consolidation likely expected by the end of 2024, according to Steven McClurg, chief investment officer at Valkyrie Funds. McClurg said in an exclusive interview with Decrypt on February 10 that he expects the number of issuers to drop from 10 to “about seven or eight.” He attributes this prediction to the financial burden associated with operating spot Bitcoin ETFs and the trend of competitive fee reductions that threaten the profitability of struggling issuers. McClurg highlighted a critical asset base of $100 million under management as a…
Author: Crypto Flexs
Read More
Illustration by Mitchell Preffer for Decrypt.Bitcoin and all other major coins and tokens have been on the rise for seven days after what seemed like a boring week.BTC was flat on Monday but surged on Thursday. According to CoinGecko, the price of Bitcoin is now over $47,000 per coin. It is an 11% increase in one week.Experts told Decrypt that the surge has been driven by large investors holding large amounts of cryptocurrencies this year and technology-focused investors eyeing the digital asset market.The price of the largest digital coin has fallen since the approval of 10 Bitcoin exchange-traded funds (ETFs)…
The cryptocurrency market has been abuzz recently with several top tokens making big moves after a relatively calm start to the year. Ethereum, Dogecoin, and Solana are leading the latest gains, reclaiming key price levels amid strong technical and on-chain fundamentals. Investor enthusiasm appears to be returning to cryptocurrency assets as risk appetite improves in global markets as well. While the stars appear to be aligned once again for a sustained uptrend, there still remains significant near-term uncertainty and resistance levels that the bulls can move past. As the rally gains momentum, we take a look at the key catalysts…
Cryptocurrency prices have seen a strong rebound over the past few days. Bitcoin surged above $47,000 as the fear and greed index shifted towards greed. Bitcoin Dogs, a new cryptocurrency, is likely to benefit from this trend. As optimism spread in financial markets, cryptocurrency prices finally showed strong strength. bitcoinThe world’s largest cryptocurrency has jumped from a low of $38,500 to more than $47,000 following the ETF’s approval, and analysts believe there is more upside ahead. The jump coincided with a strong performance in U.S. stocks, with major indexes hitting record highs. The S&P 500 index broke above the important…
Rabbit Swap Introduces Innovative Cross-Chain Swap Solution – Chainwire housenewsroomRabbit Swap presents an innovative cross-chain swap solution. 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 explicitly 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 necessary for the legitimate purpose…
Bitcoin (BTC) rose for the fifth day and surpassed $47,000 on Friday morning. CoinDesk 20 Index (CD20), the indicator for the largest cryptocurrency, added 4%. The largest cryptocurrency by market capitalization has reached a one-month high as East Asia celebrates the Year of the Dragon, its biggest festival. This celebrates the beginning of what is considered one of the luckiest periods according to the Chinese Zodiac. . In Chinese, the word dragon is pronounced similarly to “long,” increasing its memetic value among cryptocurrency traders. Some analysts predict that the price of the cryptocurrency will rise to $50,000 over the weekend.…
Bitcoin has been at ~$42,000 for several weeks. I finally broke the limit and passed $46,000. BTC was last traded at $46,297.90, up 3.995 over the last 24 hours. This reflects gains of 7.20% and 0.97% over the past 7 and 30 days. The 24-hour trading volume increased by 16.21%. The U.S. Securities and Exchange Commission’s approval of the spot Bitcoin ETF application significantly contributed to the reduction in selling pressure caused by GBTC. It now aims to accelerate growth based on institutional adoption and regulatory developments along with macroeconomic trends. Arthur Hayes and Fred Krueger dream of BTC reaching…
New milestones often signify significant leaps toward a more interconnected and efficient cryptocurrency market. One of Polygon’s breakthroughs caught the attention of the cryptocurrency community, including Ethereum co-founder Vitalik Buterin. This development includes the release of “Type 1 Prover,” a new component designed to improve the scalability and interoperability of Ethereum-compatible networks through zero-knowledge proofs. Polygon unveils new technological advancements Polygon’s recent Type 1 prover unveiling represents a pivotal moment in the blockchain industry. In fact, any network compatible with Ethereum’s EVM standard can be converted to a layer 2 network. This integration facilitates seamless connectivity to Polygon’s extensive ecosystem…
Smart contract platform Cardano (ADA) has formed a chart pattern that potentially indicates an upcoming rally, a widely respected cryptocurrency analyst said. Crypto strategist Ali Martinez in a new thread says 44,000 followers on social media platform X said the price of ADA could rise based on the cryptocurrency’s descending triangle chart pattern. A descending triangle is generally a continuation pattern of an established downtrend and is considered a bearish signal, while a breakout in the opposite direction, known as a reversal pattern, is a bullish signal. Martinez said Cardano could surge to $0.68 if it starts moving upward. The…
January 30th Bitfinex was one of the first companies to list ZETA, the native token of ZetaChain. Post time: 11:30h From media materials by admin Road Town, British Virgin Islands – January 30, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, today announced that it will be one of the first exchanges to list ZETA, the highly anticipated native token of ZetaChain. Powerful interoperability features. Founded in 2021, ZetaChain is designed to enable seamless transactions and data transfer between various blockchain networks, including Ethereum, Cosmos, Bitcoin, Dogecoin, Tron, and more. By leveraging ZetaChain’s chain-agnostic interoperability and omnichain smart…