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JPMorgan Analyst Shares Bitcoin Price Outlook Global investment bank JPMorgan has issued a warning regarding the potential for additional outflow from Grayscale's bitcoin fund. The bank's analyst, Nikolaos Panigirtzoglou, has cautioned that this outflow could exert further pressure on bitcoin prices in the coming weeks. Panigirtzoglou also highlighted the impact of the recent launch of […]

Introduction The head of India's central bank, the Reserve Bank of India (RBI), Shaktikanta Das, recently issued a series of warnings about the significant risks associated with cryptocurrencies. Speaking at the World Economic Forum in Davos, Das emphasized the potential impact on financial stability, currency stability, and the monetary system. This article will delve into

An Overview of Recent Changes Recent data reveals a significant decrease in Grayscale's GBTC holdings since the update on their website three days ago. Over 11,189 bitcoins, valued at approximately $477 million, have been withdrawn from GBTC's reserves. At the same time, the introduction of spot bitcoin exchange-traded funds (ETFs) by Blackrock, Fidelity, and other

Market Sentiment and Rate Cut Speculations The leading trio of U.S. stock indices – the Dow Jones Industrial Average, Nasdaq Composite, and the S&P 500 – experienced a downturn on Wednesday afternoon. This decline coincided with a rise in 10-year Treasury yields, which jumped 0.98% to 4.102%. Concurrently, gold's value decreased by a percentage point,

Introduction Today's trading session commenced with ethereum oscillating between $2,480 and $2,532 in the past hour, enclosed within a daily range of $2,472 to $2,544. This restricted range hints at a brief stabilization period after a spell of recent market swings. Ethereum maintains a strong market capitalization of $305 billion and a noteworthy trade volume

Introduction The Hong Kong Virtual Asset Consortium (HKVAC) has made revisions to its crypto indexes, reflecting the city's commitment to strengthening its crypto regulatory framework and embracing ETFs. The updates highlight a preference for tokens with market performance and growing industry partnerships. Notably, the revisions exclude Ripple's XRP from the indexes. HKVAC's Crypto Index Revisions

The Forecast for Bitcoin Price in 2024 In November 2023, six AI-driven chatbots were queried to forecast the value of bitcoin by year-end, with their projections spanning from $15,000 to $45,000 per bitcoin. As of the initial week of January 2024, bitcoin's trading value reached $47,000, coinciding with the approval of 11 spot bitcoin exchange-traded

Lawmakers Demand Briefing on SEC's Compromised X Account Four U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, demanding a briefing on the SEC's compromised X account. The breach resulted in a false tweet announcing the approval of bitcoin exchange-traded funds (ETFs) on January 9. The official X

Spot Bitcoin ETFs Get Green Light The U.S. Securities and Exchange Commission (SEC) has made a groundbreaking decision by approving 11 spot bitcoin exchange-traded funds (ETFs) for listing and trading on major U.S. stock exchanges. This development comes after years of anticipation and regulatory challenges. Starting Thursday, these approved spot bitcoin ETFs will be available

Introduction After a long wait, spot bitcoin exchange-traded funds (ETFs) have finally received approval to commence trading on U.S. stock exchanges. The U.S. Securities and Exchange Commission (SEC) has given the green light to 11 spot bitcoin ETFs, which will be listed and traded on the NYSE Arca exchange, the Nasdaq stock exchange, and the