financecryptocurrency1.495 min read
GameStop Soars Over 40% as 'Roaring Kitty' Announces Livestream
1 year ago•Source: CoinDesk
Financecryptocurrency News
The latest financecryptocurrency stories, summarized by AI
Featured Financecryptocurrency Stories
View original source
1.115 min•1 year ago
Bitcoin Could Surge to $150K with Trump Re-Election: Standard Chartered
Standard Chartered predicts that Bitcoin could reach $150,000 by the end of the year if Trump wins the U.S. presidential election, driven by growing bipartisan interest in crypto and recent regulatory developments.
More Top Stories
2
"Walgreens Dividend Cut Amidst Dow Challenges and Bitcoin ETF Speculations"
Barron's•2 years ago
3
"Bitcoin's Rally and ETF Buzz: Analyzing the Surge and Future Predictions"
Seeking Alpha•2 years ago
More Financecryptocurrency Stories
"Analyzing the Factors Behind Today's Major Cryptocurrency Market Downturn"
Originally Published 2 years ago — by CoinDesk
Bitcoin experienced a significant drop, trading just above $43,000, after a leverage flush caused by a Matrixport report and high funding rates led to $560 million in leveraged long positions being liquidated. The market downturn also affected other major tokens like SOL, ETH, and ADA. The Federal Reserve's minutes suggest interest rate cuts in 2024, which could impact Bitcoin's future value. Meanwhile, Goldman Sachs is in discussions to become an authorized participant for upcoming bitcoin ETFs by BlackRock and Grayscale. Market volatility is expected to continue, as indicated by rising volatility indexes across different financial sectors.
"Wall Street Forecasts High-Risk Crypto Boom and Bitcoin's 2024 Price Surge"
Originally Published 2 years ago — by BeInCrypto
Despite the crypto market's volatility, financial institutions are bullish on Bitcoin's price for 2024, with predictions ranging from $80,000 to over $600,000. Messari suggests Bitcoin could reach parity with gold, predicting a value over $600,000. VanEck expects inflows into Bitcoin ETFs to drive the price to $275,000, while ETC Group forecasts a more conservative rise above $100,000, citing the Bitcoin Halving as a key factor. Bitwise anticipates a price above $80,000, highlighting Bitcoin's strong performance and the potential impact of a new spot Bitcoin ETF and the upcoming Halving event. These predictions reflect a collective optimism about Bitcoin's future, driven by its historical performance, increased adoption, and anticipated capital inflows from new investment products.
"Bitcoin ETF Uncertainty Triggers Market Volatility and Investor Caution"
Originally Published 2 years ago — by Decrypt
Bitcoin's price experienced a 7% drop following a bearish report from Matrixport suggesting that the SEC is likely to reject all Bitcoin Spot ETF applications in January, contrary to some expectations of approval. The market's high leverage and long positions exacerbated the impact, leading to significant liquidations. Despite the report's grim outlook, some analysts, including Vetle Lunde and Bloomberg's Eric Balchunas, disagree with the prediction, citing recent developments that make a denial seem unlikely. The debate continues among analysts on social media platforms.
"Bitcoin Plummets, Triggering $400M Liquidation Frenzy"
Originally Published 2 years ago — by CoinDesk
Bitcoin's value dropped by 8% amid market uncertainty regarding the approval of a spot Bitcoin ETF, leading to the liquidation of $500 million in derivatives. The market's confidence was further shaken by the poor performance of crypto mining stocks and a sell-off in crypto-related U.S. stocks. Despite earlier reports suggesting an ETF approval could be imminent, financial firm Matrixport anticipates rejections of all proposals by the SEC until at least Q2 2024. Bitcoin's price saw a significant dip, followed by a partial recovery, alongside a decrease in open interest due to the liquidations and traders reducing their market exposure.
"Wall Street Eyes Bitcoin's Potential Surge to $80,000 Amid Growing 2024 Optimism"
Originally Published 2 years ago — by The Motley Fool
Wall Street professionals predict a significant rise in Bitcoin's value, potentially soaring 685% or more, driven by the anticipated approval of spot Bitcoin ETFs in 2024 and the upcoming Bitcoin halving event. High-profile figures like Anthony Scaramucci and Michael Saylor suggest that Bitcoin could reach $330,000 to $1 million, respectively, while Ark Invest forecasts a price of $1.48 million by 2030. Despite these optimistic projections, the article advises risk-tolerant investors to consider a small, gradually built position in Bitcoin, while risk-averse individuals should avoid cryptocurrency due to its volatility and regulatory uncertainties.
"2024 Crypto Forecast: From Bold Bitcoin Rallies to ETF Impacts and $80K Predictions"
Originally Published 2 years ago — by DLNews
Grayscale, a major digital asset manager, has emphasized that while the potential approval of spot Bitcoin ETFs in the US could bring new investors and demand for Bitcoin, the cryptocurrency's fundamentals and sustained demand from end investors will be more crucial for its price in the long term. Despite the volatility of the crypto market, Bitcoin's role as a store of value, similar to gold, means its price will be influenced by factors such as real interest rates and geopolitical risks. Bitcoin recently saw a price surge, trading above $45,000 for the first time in 21 months.
"Bitcoin Breaks $45K in Rally, Fuels Crypto Stocks and Liquidates Millions in Shorts"
Originally Published 2 years ago — by Decrypt
Bitcoin's price has surged to nearly $46,000, the highest since March 2022, with over $133 million in short positions liquidated amid investor optimism for the potential approval of a spot Bitcoin ETF. The SEC is expected to decide on several Bitcoin ETF applications by January 10, which has been a decade-long anticipation by investors. The rally in Bitcoin's price has also positively impacted other cryptocurrencies, with notable gains in Solana (SOL), Ethereum (ETH), and various altcoins like ORDI and Astar Network (ASTR).
"2024 Crypto Predictions: Bitcoin's Path to New Highs and Potential Millionaire-Making Trends"
Originally Published 2 years ago — by Coinpedia Fintech News
Stockmoney Lizards, a crypto analysis group, predicts continued bullish momentum for Bitcoin, driven by mass adoption and institutional investment, despite expecting volatility and a potential correction in early 2024. They forecast a new all-time high (ATH) for Bitcoin in 2024, influenced by the upcoming halving event and increased adoption. The analysis also considers macroeconomic factors like recession and inflation, which could favor Bitcoin's growth. While the insights are optimistic, they are not financial advice and should be used for informational purposes only.
"SEC Set to Announce Spot Bitcoin ETF Decisions, Fueling Crypto Market Optimism for 2024"
Originally Published 2 years ago — by CryptoSlate
The U.S. Securities and Exchange Commission (SEC) is expected to inform applicants about the approval of spot Bitcoin ETFs by January 3. Meanwhile, CryptoSlate has introduced CryptoSlate Alpha, a web3 membership offering advanced insights into the cryptocurrency space. Members can access premium content by staking ACS tokens through the Access Protocol, a web3 monetization paywall. However, CryptoSlate emphasizes that users must acknowledge the risks and terms associated with locking ACS tokens and that the platform is not liable for any issues related to the use of ACS tokens or digital wallets.
"Wall Street Prepares for Crypto Growth and ETF Launches as SEC Decision Nears"
Originally Published 2 years ago — by BeInCrypto
Goldman Sachs anticipates a significant expansion of the cryptocurrency market in 2024, driven by the maturation of blockchain technology and increased institutional adoption. The bank's head of digital assets, Matthew McDermott, believes that the efficiency benefits of blockchain are most impactful at scale and expects traditional assets to be tokenized, enhancing liquidity and transparency. The potential approval of Bitcoin ETFs is also seen as a catalyst for investment from pension funds and insurers, although growth may be gradual throughout the year.