Year: 2024

After the thrilling week of 2024, investors anticipated some selling, leading to Bitcoin dropping to $41,700. As of now, it has rebounded slightly to $42,400. What do the recent data suggest about the potential for another cryptocurrency upswing? Is Bitcoin set to rise? The spot price experienced notable fluctuations due to demand/sales in futures, and…

Prior to the recent endorsement from the United States SEC, Spot Bitcoin Exchange-Traded Funds (ETFs) attracted considerable interest, offering a convenient entry into the captivating yet volatile crypto space. However, the recent decline in BTC price has unveiled potential risks associated with these investment instruments. Bitcoin ETFs are deviating from the Intended Trajectory Recently, crypto…

Shiba Inu (SHIB) and Dogecoin (DOGE) are experiencing upward trends, indicating a bullish outlook based on analytical data. Meme Moguls (MGLS) is also anticipated to surge. Analyzing on-chart data will help determine the potential growth of each cryptocurrency, aiding in the decision of the best investment choice. Latest projections indicate that Meme Moguls (MGLS) could…

Prominent author and financial educator Robert Kiyosaki is using social media to promote Bitcoin investments, citing worries about the growing U.S. national debt. The well-known “Rich Dad Poor Dad” author gained attention by disclosing his increased Bitcoin holdings after the regulatory approval of a spot-based Bitcoin ETF in the U.S. Increasing National Debt Prompts Worries…

The U.S. Securities and Exchange Commission (SEC) has recently given the green light to 11 Spot Bitcoin Exchange-Traded Funds (ETFs). SEC Chairman Gary Gensler attributed the approvals to a prior legal success by Grayscale. Post-victory, Grayscale distributed Bitcoin to various addresses, including crypto exchanges. Upon its debut, the Spot Bitcoin ETF made a substantial impact,…

In our rapidly advancing world, blockchain technology plays a crucial role, undergoing significant evolution across various sectors such as finance, business, education, medicine, and beyond. Embracing advancements, the industry explores the foundational Layer 1, along with the enhanced phases of Layer 2 and Layer 3. This article provides a thorough examination of blockchain technology, offering…

On January 10th, the SEC granted approval for a series of Bitcoin ($BTC) Spot ETF products, and they were launched the following day. These Bitcoin ETFs witnessed the highest first-day inflow rate, surpassing all previous ETFs, with a total volume of $4.5 billion in first-day trading on January 11th. Institutional capital has entered the scene,…

The Securities and Exchange Commission’s recent approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States could pave the way for substantial cryptocurrency adoption in 2024. On January 12, 2024, Coinbase, the largest cryptocurrency exchange in the U.S., entered a partnership with Yellow Card, the leading African stablecoin exchange, aiming to expand its products…

Cathie Wood, ARK Invest’s CEO, has reaffirmed her optimistic Bitcoin price forecast of $1.5 million by 2030, pointing to the recent approval of the Bitcoin spot ETF in the US as a factor enhancing the likelihood of a bullish scenario. On Thursday, Cathie Wood stated on CNBC that her base case envisions Bitcoin reaching $600,000…

Artificial Intelligence (AI) mimics human intelligence through machine simulation, achieved by employing software to replicate human processes. While AI encompasses sophisticated applications like OpenAI’s ChatGPT for user conversations and autonomous driving, its financial market applications are diverse. In the investment realm, AI takes forms ranging from algorithms, sets of programming instructions for data analysis, to…