If Republicans regain power in 2024, the cryptocurrency industry could benefit as they are more likely to align with digital asset firms and propose industry-friendly regulations, marking a major shift from the skeptical approach of the Biden administration. However, critics warn that Trump's financial deregulation mindset could be detrimental to investors and financial stability.
The price of Bitcoin dropped by over 2.5%, resulting in liquidations of over $200 million, while the final announcement of the spot Bitcoin Exchange-Traded Fund (ETF) is expected this week and the price of Bitcoin remains stable.
ARK Invest sold $20.6 million worth of Coinbase shares across three ETFs, lowering their weightings but suggesting the selling trend may soon end.
The odds of a Bitcoin exchange-traded fund (ETF) being approved in the US have risen to over 90%, according to Bloomberg analysts, although betting market participants are less optimistic with odds at 85%.
Frenzy for meme coins on the Solana network has faded as newer tokens struggle to gain a community and prices of popular tokens plunge, with bonk down over 70% and Dogwifhat down nearly 80%.
Billionaire venture capitalist Chamath Palihapitiya believes that Bitcoin will become mainstream by 2024, with the approval of spot Bitcoin exchange-traded funds (ETFs) being a key catalyst for adoption. Palihapitiya sees this as a crucial year for Bitcoin and envisions it crossing the chasm from early adopters to mainstream users.
Bitcoin (BTC) experienced moderate losses due to Asian stocks being affected by the upbeat US nonfarm payrolls data, which reduced expectations for early rate cuts by the Federal Reserve.
Ethereum co-founder Vitalik Buterin receives mixed reactions after offering financial advice that includes diversification and low-risk investments, which goes against the more speculative nature of cryptocurrency investing.
Solana (SOL/USD), often considered a rival to Ethereum (ETH/USD), has experienced a 12% decline in its native token over the past 24 hours, ending its recent upward trend.
The US Securities and Exchange Commission (SEC) faces a deadline on January 10th to take action on pending applications for Bitcoin exchange-traded funds (ETFs), and speculations suggest they may announce multiple decisions at once; if approved, these ETFs could have a significant impact on the digital asset market.
Chainlink (LINK) is being defended as a potential long-term winner in the cryptocurrency market, despite recent underperformance, with investors highlighting its real-world utility and fundamentals as key factors for its value.
Chainlink's (LINK) price may drop further after breaking below a key level, while Bitcoin (BTC) is anticipated to go through a pre-halving correction and then experience a post-halving rally, according to crypto analyst Rekt Capital.
Cardano has the highest developer activity on GitHub among blockchains, but its decentralized finance ecosystem is experiencing a slowdown in engagement.
Bitcoin could see a 10x price increase, reaching anywhere from $100,000 to $1 million, according to quantitative analyst PlanB, who believes that Bitcoin's adoption is still in the early stages and that the cryptocurrency will continue to experience exponential growth for the next few years.
Ethereum co-founder, Vitalik Buterin, offers valuable financial advice in the volatile crypto market, emphasizing diversification, savings, a "boring" portfolio, and caution against excessive leverage.
The Polkadot cryptocurrency experienced a short-lived peak at $9.50 per token on Christmas Day, but has since dropped to $7 per token, still higher than its lows in October 2023; however, with its future plans and proposed improvements, it may be a good time to invest in Polkadot at its current low price.
Crypto lending platform Celsius is in the process of liquidating its assets, including unstaking and selling nearly $470 million worth of Ethereum (ETH), in order to compensate its customers and repay creditors following its bankruptcy.
Shiba Inu's price declines 11% in the past week, but rumors of a potential token burn event offer hope for a turnaround in its fortunes.
KSI faces backlash for supporting Logan Paul's buyback program for his failed crypto-coin-based game, with critics calling it a "massive con" and accusing KSI of having a financial incentive to defend Paul.
The approval of a Bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC) and the upcoming Bitcoin halving are anticipated to be catalysts for BTC's potential 6,000% rise, according to an analyst.
Tron founder Justin Sun and an unidentified crypto whale have acquired over $182 million worth of Ethereum in the last two weeks, with Sun withdrawing $39.2 million worth of ETH from Binance and the crypto-focused venture capital firm Paradigm potentially selling off large amounts of ETH on Coinbase.
Satoshi Nakamoto, the mysterious creator of Bitcoin, has received over $1 million worth of bitcoin more than 10 years after they disappeared, sparking speculation that the creator may have "woken up."
The cryptocurrency market and discourse are consumed by speculation and rumors regarding the approval of spot Bitcoin ETFs by the SEC, leading to price fluctuations and uncertainty.
The soaring price of Bitcoin in 2023 led to significant gains for Bitcoin mining stock Riot Platforms, but the upcoming changes to Bitcoin in 2024, such as the halving event, could impact the stock's performance.
Billions of dollars are flowing back into the crypto market as investors take advantage of the recent dip, signaling renewed investor confidence and a potential market upturn.
Bitcoin and Ethereum prices have plunged due to concerns over the rejection of a Bitcoin spot ETF proposal by the SEC, while altcoins like Rebel Satoshi and Borroe Finance show promise; Rebel Satoshi aims to challenge the existing financial system with its DeFi platform and RBLZ token, while Borroe Finance uses AI to match investors with creators and startups in the Web3 space through NFTs.
AlgosOne is an AI trading platform that utilizes advanced technology to analyze market data and make data-driven trading decisions, offering users the opportunity to profit from cryptocurrency trading with minimal effort and risk.
Power Ledger (POWR), an Ethereum-based altcoin focused on decentralized energy markets, has surged over 110% in the past week following the launch of its new blockchain-enabled energy trading platform, xGrid 2.0.
Major financial players BlackRock Inc and Grayscale Investments are positioning themselves to enter the cryptocurrency market as the U.S. Securities and Exchange Commission reviews applications for the nation's first exchange-traded funds (ETFs), signaling optimism about the growth potential of Bitcoin ETFs and anticipating increased investment volume despite recent cryptocurrency scandals.
Crypto analytics company Santiment has identified signs of a potential price surge for Litecoin (LTC), noting rising address activity and a bullish divergence, although some analysts remain skeptical as LTC's market outlook appears challenging after recent price dips.
Solana's SOL price has dropped by 10% to under $100, but its ecosystem is thriving with increased transaction volume and stablecoin dominance, particularly in meme coin trading and stablecoin transactions.
Digital asset manager Grayscale has adjusted the weightings of key products in its portfolio, adding XRP and AVAX to its Digital Large Cap Fund in response to CoinDesk's rebalancing of its Large Cap Select Index, while also selling off parts of its current assets; however, this move has not translated into a positive price performance for XRP and AVAX, as their values have fallen in recent days.
North Korean hackers stole over half a billion dollars worth of digital assets in 2023, with exploits detected near the end of December indicating the figure could reach as high as $700 million, according to data from blockchain intelligence firm TRM Labs.
Ethereum whales are accumulating large amounts of ETH in anticipation of a potential price surge, with one prominent whale acquiring nearly 80,000 ETH and accruing a 26% profit.
Solana (SOL) is predicted to have a significant rally and potentially increase by almost 47% according to a well-known crypto trader, while Sei Network (SEI) is expected to reach $1 and Lido DAO (LDO) may experience a breakout.
Binance Coin (BNB) is predicted to have strong gains in 2024, Celestia (TIA) is likely to trend higher, and Arbitrum (ARB) may experience short-term dips but remains bullish in the long term, according to crypto strategist Altcoin Sherpa.
After the surge of Bitcoin in 2023, investors are considering Ethereum as a potential alternative investment, with its significant market cap and potential improvements to its blockchain architecture. However, despite these factors, Bitcoin remains the preferred cryptocurrency due to its institutional investor support and potential for mainstream adoption.
Bitcoin is predicted to reach a new all-time high in 2024 due to the upcoming halving and a supply shortage, Stacks is expected to double in value and become a top 20 cryptocurrency as it unlocks new use cases for Bitcoin, and Ethereum is expected to have a strong performance as it undergoes critical upgrades and solidifies its position as the leader in decentralized finance.
Bitcoin and other cryptocurrencies are gaining momentum in 2024 as concerns over the dominance of the U.S. dollar arise, with BlackRock reported to have $2 billion ready to invest if their spot bitcoin ETF bid is approved.
Investors should be aware of two major risks when considering investing in Bitcoin in 2024: the potential delay or rejection of the spot Bitcoin ETF by the SEC, and the influx of institutional investors that could transform Bitcoin from a dynamic blockchain into a stagnant asset, potentially causing its downfall.
Cryptocurrency analyst Credible Crypto predicts that Ethereum (ETH) could reach a minimum price target of $10,000 in 2024, representing a potential gain of over 343% from its current level, while the maximum price target is $20,000, an upside of around 786% from its current value; meanwhile, Ethereum whales are accumulating the digital asset at a rapid pace, with the top 150 self-custody wallets now holding the highest record level of 56.25 million ETH.
Dogecoin and Bonk face price decline and market challenges as meme coin project NuggetRush gains momentum by raising over $1.5 million in its token presale.
Legendary trader and creator of the Bollinger Bands strategy, John Bollinger, predicts that Bitcoin's price will "break higher" based on insights from the Bollinger Bands chart he shared.
Bitcoin could experience a significant price correction in the coming weeks due to a reduction in US dollar liquidity and the potential approval of spot Bitcoin exchange-traded funds, according to BitMEX co-founder Arthur Hayes.
Binance plans to list the gaming blockchain Xai (XAI) on its Launchpool platform, allowing users to stake coins to farm new assets.
The Securities and Exchange Commission may approve the first Bitcoin exchange-traded funds soon, leading to a potential fee war among firms offering them.
Multiple U.S. exchanges, including BlackRock, Grayscale, and Fidelity, have filed amended documents suggesting they expect approval from the SEC to launch spot bitcoin exchange-traded funds (ETFs) in the coming days, with several issuers potentially being approved simultaneously.
The financial world is eagerly awaiting the approval of the first Bitcoin ETFs by the SEC, with analysts predicting that once approved, the asset class could be worth billions of dollars, driven by high-profile investment companies like BlackRock filing Bitcoin ETF applications.
### Summary Although a federal infrastructure law requires reporting certain crypto payments over $10,000 to the IRS, tax and policy experts believe it may not apply to most crypto investors and NFT flippers, and enforcement could be months or even years away.
Bitcoin price in 2024 is expected to reach new all-time highs, driven by the potential approval of a spot Bitcoin ETF and the upcoming Bitcoin halving, according to analysts at AllianceBernstein. Other cryptocurrencies, such as Ethereum, also show promise in the market.