Recently, the price of Bitcoin has seen a notable decline, falling more than 12% from $46,700 to $40,901 last week. Despite expectations of an upturn following the approval of spot BTC-ETFs, a downward trend has emerged. Pantera Capital, a leading cryptocurrency-focused hedge fund, reports that the market is entering a “stage two” where altcoins will outperform Bitcoin based on historical precedent. As seen in the 2015-2018 and 2019-2022 bull markets, the final years saw a shift in favor of altcoins. Currently, Bitcoin’s market dominance has reached a three-month low, with a share of just 50%, suggesting that the BTC price…
Author: Crypto Flexs
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Today, the U.S. Securities and Exchange Commission (SEC) officially approved the listing of the first-ever Bitcoin exchange-traded fund (ETF). This move marks a historic milestone in the evolution of Bitcoin adoption within traditional financial markets. “Today, the Commission approved the listing and trading of a number of Bitcoin spot exchange-traded product (ETP) shares,” said SEC Chairman Gary Gensler. “We today approved the listing and trading of certain spot Bitcoin ETP shares, but do not endorse or endorse Bitcoin. Investors should be cautious about the numerous risks associated with Bitcoin and products whose value is tied to cryptocurrencies. do.”The approval comes…
Grayscale Investments sold more than $2.14 billion in BTC following the SEC’s approval of a spot Bitcoin ETF. According to a January 22 post from cryptocurrency analytics platform Lookonchain, Grayscale’s Bitcoin holdings have increased to approximately 52,227 BTC (equivalent to $2.14 billion) following the SEC’s recent approval of a spot Bitcoin ETF earlier this month. decreased by as much. According to #grayscale Website, #grayscale Currently holds 566,973 $BTC($232.1B), a decrease of ~52,227 $BTC ($21.4B) since the ETF passed.and iShares (Blackrock) holds 33,431. $BTC($13.7B), while Fidelity holds 24,857. $BTC($10.2B), Bitwise holds 10,152. $BTC($415.6 million). pic.twitter.com/fx2Kj3WpSB— Lookonchain (@lookonchain) January 22, 2024 Grayscale…
As market volatility increases, the total liquidation of leveraged cryptocurrency positions exceeded $138 million in the last 24 hours.According to Coinglass data, most liquidations involved long positions, resulting in losses of more than $120 million, while short positions accounted for only about $18 million of all liquidations.Bitcoin price has fallen more than 2.5% in the past 24 hours, falling below the $41,000 level. The world’s largest cryptocurrency by market capitalization is currently trading at $40,730 as of 7 a.m. ET, according to The Block’s pricing page. Bitcoin price has fallen more than 2% in the past 24 hours, falling below…
In the coming weeks we will be able to relax. Ethereum Studio. Use this time to download your saved project. To download the project, use the download icon in File Explorer. If you are looking for another web environment for Solidity development, we recommend: remix. Also, consider setting up a local development environment. To view tools, documentation, and more Check out our developer portal. Why Sunset Studios? Since adding Studio to our website, we’ve significantly improved the training resources and developer tools available to our community. We are reevaluating the role of Studio and will be disabling this version of…
Characterized by significant technological advancements and challenges, the autonomous vehicle industry is shaping the future of transportation. Detailed analysis from karpathy.github.io by Andrej Karpathy, OpenAI co-founder and renowned AI expert. As a former Tesla AI leader, he provides a realistic perspective on this evolving environment. Partial Automation: Current Scenario The journey towards autonomous driving started with partial automation, where AI assists with specific tasks such as parking and changing lanes. Similar to AI tools in other fields, this Level 2 automation is not fully autonomous, but helps manage routine driving tasks. These systems often outperform humans on tasks such as…
Lost money to a crypto or trading scam? Read this first: UK BASED – If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA – If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACEVelodxio is one of the latest in a series of cryptocurrency trading scams going by the name ‘Velod’, such as Velod AI.Velodxio bills itself…
A widely respected trader believes the cryptocurrency market is poised for another development, this time with altcoins leading the rally. Analyst Michaël van de Poppe told his 685,300 followers on social media platform According to traders, a rally is likely as altcoins take center stage while Bitcoin (BTC) goes through a period of consolidation. “The total market capitalization of cryptocurrencies appears to be gearing up for another push towards $2.1 trillion, but this will be done through coins other than Bitcoin. A period of consolidation is likely to occur before the next impulse.” source: Michael van de Poppe/X Looking at…
MINU, a new entrant in the cryptocurrency market, was launched on the BNB Smart Chain (BEP20) platform in 2024. In line with the community-driven digital asset trend, this meme cryptocurrency boasts a significant total supply of over 8 trillion tokens. As of last update, Minu’s price is approximately $0.0000001657, reflecting its dynamic market position. The asset has experienced a notable surge, registering an impressive rise of 130.59% in the last 24 hours and 1072.87% in the last 30 days. These statistics highlight Minu’s volatile yet optimistic market performance from both a short-term and long-term perspective. What is Minucoin? Minu Coin…
Gary Tiu, managing director and head of regulatory affairs at Hong Kong-licensed cryptocurrency exchange OSL, said the special administrative region could potentially see the issuance of its first spot cryptocurrency exchange-traded funds by mid-year. Local media.Hong Kong Economic Journal reported On Monday, Tiu said OSL was in close communication with many fund companies, with five to 10 firms currently working on such ETFs. Tiu added that about five companies have advanced faster than others and are likely to launch Hong Kong’s first spot cryptocurrency ETF by mid-year.According to media reports, Tiu also acknowledged the pressure of working with exchanges and…