Bitcoin is gearing up for a high-voltage act. With the imminent arrival of the BTC Spot ETF, planned for early January 2024, markets are oscillating between excitement and apprehension. What looms on the horizon is a scenario where bitcoin could soar to unprecedented heights only to later plunge into the depths of volatility. It is a period where every investor must juggle boldness and caution.
Like VanEck, Bitwise, and Bitget before it, the Messari platform recently published a fairly comprehensive summary of the crypto industry in 2024. The company projects what it believes will be the major trends in this constantly developing market. Messari addresses almost all segments of the crypto industry in 10 key points, from investment to peer-to-peer infrastructure, layers-1, CeFi, DeFi, crypto products, and even the key figures to follow in the crypto sector in 2024. As you may have understood, Messari's projections, spanning 192 pages, aim for completeness. However, this article's goal is not to provide a comprehensive review, but rather to focus on some of the most relevant points mentioned.
Bitcoin is gearing up to cross a historic milestone in the world of institutional finance. As dawn approaches on January 10th, the crypto community holds its breath in anticipation of the SEC's much-anticipated approval of the first Spot ETF.
After a tumultuous year in 2022, the crypto market is experiencing a revival in 2023 with Bitcoin recently surpassing $40,000. The bullish trend is encouraging Web3 businesses to rehire.
As 2023 draws to a close, it's time for major projections about the trends that will dominate the crypto ecosystem in 2024. We have already presented VanEck's forecasts regarding the developments in this market next year. Keeping in line with providing you with an overview of the expected movements in this industry, we have also presented Bitwise's crypto predictions for this period. In the following lines, we will present Bitget's crypto speculation for 2024. What makes these forecasts unique is that they do not address the entire crypto industry, but rather focus solely on the ecosystem surrounding the flagship cryptocurrency: Bitcoin (BTC).
Since its spectacular rise on October 23rd, a day when it was flirting with $35,000, bitcoin has seen little decline. Today, the queen of cryptocurrencies surprised the community again by trading at $44,200. What can we expect from this change of pace?
Bitcoin is gearing up for anything. Veteran options market expert Jon Najarian predicts a turbulent future for BTC. According to him, the approval of an ETF would propel its value to new heights. However, this surge would be short-lived, quickly followed by a precipitous drop. These predictions blend regulatory excitement with technical analysis vigilance. They chart an uncertain path for the most iconic cryptocurrency.
Bitcoin advances with hands raised, braving the bullets targeting it from all sides. Recently, a US bill has emerged, aiming to restrict Bitcoin. This bill reveals a power struggle between traditional banks and the expanding crypto sector. The involvement of bankers in drafting this law has been unveiled. Faced with this announcement, the crypto community is in turmoil. It wonders: Is this a deliberate maneuver to hinder Bitcoin?
No one wants to sell their bitcoin: are we preparing for a new ATH?
Bitcoin is back in the arena of the US Congress. Senator Elizabeth Warren resumes her foregone crusade against "unhosted wallets".
The crypto sphere is an emotional rollercoaster, and recently, Bitcoin has shown why. With an impressive surge in its price, the crypto giant is generating as much excitement as concern. The recent dizzying ascent has highlighted a colossal risk: a massive liquidation of $700 million. In a universe where every rise might be the prelude to a spectacular fall, Bitcoin continues to keep investors on the edge of their seats.
Blockchain technology is revolutionizing various industries by providing transparent, secure, and efficient solutions for managing data and transactions. It has the potential to transform sectors such as finance, supply chain, healthcare, and many more. The decentralized nature of blockchain ensures that no single entity has control over the network, making it resistant to fraud and censorship. With its ability to automate trust and eliminate intermediaries, blockchain is paving the way for a new era of digital innovation.
At the heart of the buzz on Wall Street, Bitcoin finds itself in the spotlight with the potential entry of BlackRock through its new cash ETF. This breakthrough raises crucial questions: what implications will it have for the BTC market and what impact will it have on investors around the globe?
Ordinals and other inscriptions in Bitcoin transactions raise questions. Summary of the debate that has been raging for a few days.
Bitcoin ended the second week of December on a negative note, recording a 5% decline. However, it has started the new week on a positive note. Let's examine the future outlook for BTC's price together.
In a notable interview on CNBC, Michael Sonnenshein, the CEO of Grayscale Investments, makes a bold prediction: the upcoming approval of Bitcoin Spot ETFs could, in his view, open the way to a $30 trillion crypto market.
Fidelity, the second largest investment fund after Blackrock in the ETF race, sees bitcoin reaching 15 trillion dollars within seven years.
It seems that everything is coming together for Bitcoin to have an explosive year in 2024. This week has been more significant than most others in terms of the state of the markets. Two major events happened simultaneously with the release of the latest inflation data and the December meeting of the Federal Reserve, which announced plans for a rate cut.
Ethereum and Bitcoin are facing an unprecedented storm. Transaction fees on these networks have reached stratospheric levels, propelling the industry into an era of exorbitant fees. This situation, triggered by the rise of EVM inscriptions and ordinals, is radically transforming the use and perception of the world's two leading cryptocurrencies.
While Bitcoin is often seen as a young person's game, Bitwise Asset Management is changing the landscape. With the imminent approval of a BTC spot ETF, Bitwise is launching a bold advertising campaign. Targeting a broader audience, including Generation X, this campaign aims to educate and expand the perception of Bitcoin as a viable investment option.
The favorable signals for Bitcoin are accumulating in Russia lately. The Ministry of Finance wants a favorable legal framework.
Week after week, the crypto sector continues to innovate and redefine the boundaries of finance and technology with boldness and creativity. In this weekly recap, we will delve into the most significant news of the past week, from El Salvador's pioneering Bitcoin bonds initiative to Donald Trump's controversial NFT collection, and the promising prospects of SEC approval for Bitcoin Spot ETFs. We will also examine the security incident at Ledger, the implications of BlackRock's entry into Bitcoin mining, and current trends surrounding Ethereum and Solana.
Crypto market decline: Bitcoin, Ethereum, Solana, and XRP in decline. Is this the end of the bull run or just a correction?
Bitcoin, the venerable pioneer, is facing a new challenge. Denial of Service (DoS) attacks, orchestrated, according to some, by young anime fans, and the threat of more sophisticated manipulations threaten the stability of the blockchain. But that's not all: a surge in transaction fees and a drop in prices are shaking the market. Let's take a closer look at this phenomenon.
The principle of investing in the stock markets is to seek reward in exchange for the risk taken. That's why we will see if incorporating bitcoin into a portfolio can be a positive element.
Jan van Eck, CEO of VanEck, has once again spoken about bitcoin. Apparently, nothing has changed: he still holds the queen of cryptocurrencies in high esteem. Additionally, he has predicted a new All-Time High (ATH) for this “essential” digital asset within the next 12 months. Details!
In the ever-changing world of finance, a recent event has sparked excitement in the Bitcoin universe: the US Federal Reserve announces a significant reduction in interest rates by 2024. But how has this news ignited the crypto market? Join us on this financial journey, where numbers dance and cryptocurrencies soar!
Jimmy Wales, the co-founder of Wikipedia, recently criticized Bitcoin (BTC). He derided the flagship cryptocurrency, claiming that it lacks functional relevance and causes monetary losses to its users, unlike a traditional bank account. The crypto community did not hesitate to respond to him.
The Lightning Network is certainly one of the major advancements in the Bitcoin ecosystem. Many users are fond of it. However, a recent incident has shown the limitations of this technology. A crypto user has indeed noticed the draining of their BTC assets, linked precisely to operational vulnerabilities of the Lightning Network plugin.
In the ever-shifting world of finance, a recent event has sparked excitement in the Bitcoin universe: the United States Federal Reserve has announced a significant interest rate cut by 2024. But how has this news ignited the cryptocurrency market? Let us embark on this financial adventure together, where numbers dance and cryptocurrencies soar!