A widely respected cryptocurrency analyst believes altcoins will soon take center stage as Bitcoin (BTC) enters a period of consolidation. Analyst Michaël van de Poppe tells his 684,700 followers on social media platform Van de Poppe said the ETF is bullish on Bitcoin for the long term, but it will take time for tens of billions of dollars of capital to flow into BTC. For now, Bitcoin is likely to enter a period of consolidation as deep-pocketed investors cycle capital and traders wait for a new catalyst, the analyst said. “However, in the short term, Bitcoin price is likely to…
Author: Crypto Flexs
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Binance Research analysts outlined eight areas where they expect to see significant progress throughout the year. Bitcoin BTC -1.19% Ecosystems, artificial intelligence, real assets and institutional adoption.The cryptocurrency market has witnessed a significant rebound in 2023, with a 109% increase in market capitalization amid optimism surrounding the approval of a spot Bitcoin exchange-traded fund and a favorable macro environment, analysts wrote in a report released today. Bitcoin regained its dominance, with the overall locked value of layer 2 solutions increasing by 321%. The decentralized finance sector has also grown significantly, driven by innovations in liquid staking tokens and the integration…
join us telegram A channel to stay up to date on breaking news coverage Meme Kombat’s pre-sale funding exceeded $6.8 million, attracting the attention of global investors, including experts and analysts such as Conor Kenny, who were eager to join. As followers of Conor Kenny’s channel may recall, $MK was a topic of discussion in past sessions, highlighting his unique approach to meme-based competition. Meme Kombat (MK), a meme coin running on Ethereum, is currently in the pre-sale phase. $MK aims to bring together gaming, gambling, staking, and decentralized finance (DeFi) into a unified platform focused on popular internet memes.…
LBank Announces Fourth Launchpad with EchoLink Features – Chainwire housenewsroomL Bank Announces Fourth Launchpad with EchoLink Function We use cookies to make Chainwire’s website a better experience. 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 necessary for the legitimate purpose of…
If you want to invest in cryptocurrency, it is important to research and understand the market. The Verge provides the ultimate guide to cryptocurrency investing, covering everything from the basics of how cryptocurrencies work to advanced trading strategies. Understanding Cryptocurrency The first step in investing in cryptocurrency is understanding what cryptocurrencies are and how they work. The Verge analyzes the technology behind cryptocurrencies, the different types of coins and tokens, and how they are traded on the market. Start investing in cryptocurrency For beginners, The Verge provides a step-by-step guide on how to start investing in cryptocurrency. This includes setting…
This amount also consists of remittances, which is a big problem in emerging markets with large diasporas like the Philippines. In the report, Circle highlighted how it partnered with domestic exchange Coins.ph to secure a piece of the business, which is worth around $36 billion annually.
JPMorgan predicts that much of the money currently invested in other cryptocurrencies will be redirected to Bitcoin spot ETFs. Even before the Bitcoin spot ETF was approved, industry experts had already predicted that demand would be high. This was expected, considering how many years companies in the cryptocurrency space have been pursuing ETFs. But now a report from JPMorgan sheds light on just how popular the new spot Bitcoin ETF has become. According to the report, much of the capital already invested in other Bitcoin products could be moved into ETFs. Cryptocurrency Capital on the Move One of the first…
The promise of altcoin season has become an important focus for cryptocurrency enthusiasts and investors as it brings major changes to the market. Technically, this marks the beginning of a massive capital rotation from Bitcoin (BTC) to altcoins like Solana (SOL). Currently, well-known indices point to the beginning of the altcoin season, which may bring new opportunities for investors in the cryptocurrency market. The start of altcoin season The altcoin season index recently hit a high of 76 out of 100. Therefore, the critical point of 75 points has been exceeded. This rise marks the official start of the long-awaited…
On January 14, 2024, cryptocurrency exchange Bitfinex successfully prevented an exploit attempt targeting nearly $15 billion worth of XRP, effectively preventing a serious security threat. This event highlights ongoing challenges and security risks in the digital currency space. At the core of this incident was ‘partial payment exploit’, a known vulnerability in the XRP ledger partial payment function. An anonymous attacker attempted to leverage this vulnerability by exploiting a potential misconfiguration in Bitfinex’s system. Typically in these exploits, attackers rely on the victim’s system to only read the “amount” field of an XRP transaction, which is intentionally set to a…
A spot Bitcoin ETF has been approved, but hiccups have begun. One stablecoin is released and Bitcoin takes off for the moon and gets lost in space?! This week we bring you these stories and more in cryptocurrency. Bitcoin makes history On Wednesday, the US SEC finally approved 11 spot Bitcoin ETFs in a process that began in 2013 when the Winklevoss twins first sought approval. On the first trading day, trading volume exceeded $4 billion on the New York Stock Exchange, NASDAQ, and CBOE. Grayscale’s Bitcoin ETF accounted for half of the trading volume, with $1 billion coming in…