As the SEC nears approval of the first wave of Bitcoin ETFs, issuers are competing for an advantage by revealing fees and naming authorized participants, with Fidelity and Galaxy/Invesco leading the way; the approval of a Bitcoin ETF is expected to attract traditional investors to the crypto industry.
NFTs are expected to rebound in 2024 as the technology underlying them matures and expands into sectors beyond collectibles, such as tokenizing real-world assets, gaming, and the metaverse. However, only a handful of blue chip NFT collections are likely to thrive, while the majority of NFT collectibles from the previous bull run may not recover.
Bitcoin (BTC) continues to surge, approaching $46,000 per coin for the first time since March 2022, driven by excitement surrounding the potential approval of a Bitcoin exchange-traded fund (ETF) this month.
Shares of Hut 8 Corp (HUT) and Hive Digital Technologies Ltd (HIVE) are trading higher as the price of Bitcoin (BTC/USD) surpasses $45,000, fueled by increased interest in cryptocurrency and the potential approval of a spot Bitcoin ETF.
The value of the Ethereum-based altcoin Tellor Tributes (TRB) collapsed after the project's team members transferred thousands of tokens to Coinbase, resulting in the liquidation of tens of millions of dollars.
Ethereum co-founder Vitalik Buterin has outlined six key components for improving the Ethereum blockchain ecosystem by 2024, including upgrades to address existing challenges, introducing Single Slot Finality for faster and more secure transactions, and combating economic centralization to maintain decentralization, which could have a significant impact on the price of Ethereum due to increased adoption and demand, as continuous improvements and commitment to addressing challenges are viewed favorably by investors and users.
Bitcoin's price surge has led to increasing optimism in the cryptocurrency market, resulting in significant gains for Bitcoin-related stocks such as Marathon Digital Holdings and Riot Platforms in pre-market trading. Marathon Digital's stock registered impressive gains in 2023, driven by its strong positioning in bitcoin mining, while Riot Platforms' stock saw substantial growth due to its impressive fundamentals. Analyst ratings suggest that Riot Platforms' stock has a potential 15% upside, while Marathon Digital's stock is considered overvalued by 45%.
Arbitrum (ARB) and ORDI have both reached new all-time high prices, with potential for further increases, but a failure to break resistance levels could lead to a decline in prices.
Crypto mining stocks, including Marathon Digital Holdings, Riot Platforms, and CleanSpark, are trading higher as the price of Bitcoin increases and optimism surrounds a potential spot Bitcoin ETF.
Square Enix's new president, Takashi Kiryu, outlined the company's plans for 2024, which include a focus on generative AI, VR/AR, and blockchain technology, as well as optimizing resource allocation and diversifying earnings sources.
The Ethereum (ETH) price is approaching a long-term resistance area, but analysts have a bullish view and predict that it could reach $3,000.
28-year-old Edward Craven, Australia's youngest billionaire and owner of cryptocurrency and gambling firm Stake.com, has acquired the Sauber F1 team and renamed it the Stake F1 Team Kick Sauber, with plans to redefine excitement in Formula One both on and off the track.
Bitcoin-adjacent companies, such as Coinbase and MicroStrategy, saw significant gains in pre-market trading as the price of Bitcoin surged past $45,000 for the first time in 21 months, driven by anticipation of a spot Bitcoin exchange-traded fund (ETF) being listed in the U.S. Meanwhile, the Sei Network's SEI token is experiencing growth due to the increased popularity of EVM-compliant blockchains and the recent token trading frenzy in blockchains like Solana and Avalanche. Additionally, major Wall Street firms, including BlackRock and Fidelity, finalized paperwork for their Bitcoin ETF offerings, preparing for expected approval from the SEC.
Traders on Polymarket predict an 89% chance of a bitcoin ETF being approved in the US within two weeks, leading to increased speculation and a rise in bitcoin's value.
Several big stocks, including TeraWulf Inc. and Bitfarms Ltd., experienced gains in pre-market trading today, driven by strength in Bitcoin.
Orbit Chain, a cross-chain bridge project, experienced a cyberattack resulting in the theft of over $80 million worth of funds, and it is now working to recover the stolen assets with the assistance of law enforcement and cybersecurity firms.
The Sei Network's SEI token has experienced significant gains, surpassing 75% in the past week, due to the rise in popularity of EVM-compliant blockchains and the parallelization process, with on-chain metrics indicating increasing interest in the network.
In January 2024, the top crypto predictions include expectations for Chainlink (LINK), BNB, and Ethereum (ETH) layer-2 scaling solutions, with LINK potentially experiencing a breakout and increasing by 75%, BNB moving above $400 and potentially increasing by over 40%, and ARB and MATIC showing bullish signs and potentially increasing by 45% and 50% respectively.
Bitcoin is leading the crypto markets with a 7% jump, but altcoins such as Solana, Chainlink, and Avalanche are making even bigger gains, with analysts predicting significant highs in 2024.
The perpetual futures funding rates for bitcoin reached a record high of 66% annualized, indicating a bullish market sentiment and possible expectations of a bitcoin ETF approval.
Bitcoin Ordinals, similar to NFTs but on the Bitcoin blockchain, are championed by Udi Wertheimer who encourages people to experiment with them, despite many rejecting the concept; Wertheimer believes the lack of demand for Bitcoin payments is the main reason they are not a problem, emphasizing Bitcoin's role as a store of value.
Bitcoin surged to over $45,000, its highest level in almost two years, as anticipation grows for the approval of a Bitcoin exchange-traded fund (ETF).
Bitcoin and other major cryptocurrencies have surged in value due to a U.S. dollar crisis, and the expectation that Goldman Sachs and JPMorgan will boost the market with their involvement in bitcoin ETFs.
Bitcoin surpassed $45,000 on New Year's Day, reaching a level not seen since April 2022 as it continues to gain momentum in anticipation of the approval of a Bitcoin spot ETF by the SEC, with its market cap exceeding $836 billion and surpassing the market caps of Tesla, Berkshire Hathaway, and Meta Platforms.
The article provides an overview of the top cryptocurrencies to watch in 2024, including Bitcoin, Ethereum, Tether, Polygon, Binance Coin, Dogecoin, Cardano, XRP, Optimism, Solana, Shiba Inu, USD Coin, Arbitrum, Tron, and Chainlink. It discusses their potential and updates on their respective projects.
GMX, the native asset of the decentralized exchange (DEX) GMX, is predicted to have a major breakout surge with a potential 90% rally if it surpasses its resistance level of $56.26, according to crypto analyst The Crypto Dog; the analyst also expresses bullish sentiment towards smart contract platform Near (NEAR) and DEX Injective (INJ).
Bitcoin's price surged more than 6% on the first day of 2023, surpassing $45,000 for the first time since April 2022, driven by anticipation of the SEC approving spot bitcoin ETFs.
The US Securities and Exchange Commission (SEC) is reportedly overwhelmed with paperwork as the deadline for a Bitcoin exchange-traded fund (ETF) decision approaches, with asset management firm BlackRock having received no communication from the regulator.
Bitcoin's recent rallies are being fueled by two factors: the inflow of funds into publicly listed BTC miners and the unexpected rise of BTC ordinals, according to CoinShares' Meltem Demirors.
Dogecoin, the meme coin that gained popularity in recent years, has the potential for further financial success in 2024 due to factors like celebrity endorsements, technical developments, and growing institutional interest, but investing in it comes with risks due to market volatility.
The popular crypto analyst Altcoin Sherpa believes that Fetch.ai (FET) will reach new all-time highs in the near future, while also suggesting that Ethereum scaling solution Polygon (MATIC) has the potential for short-term gains.
Vitalik Buterin, co-founder of Ethereum, highlighted the challenges and future vision of Ethereum, emphasizing the importance of protocol upgrades and advancements in scalability and security, while Anatoly Yakovenko, co-founder of Solana Labs, aims to make Solana the best in class at synchronizing states at lightning speeds, complementing Ethereum's role as a settlement layer.
The first-ever cartoon of Mickey Mouse has entered the public domain, leading to the creation of a meme coin based on the character.
Traditional financial institutions are starting to recognize that Bitcoin is not a classic bubble, as its long history of higher highs and higher lows indicate a long-term upward trend, according to macroeconomics expert Lyn Alden.
2024 is expected to bring significant regulatory clarity to the cryptocurrency industry in the United States, with pending legal cases and proposed rules potentially shaping the future of crypto operations in the country.
Bitcoin is predicted to reach $80,000 by the end of 2024, regardless of whether a Bitcoin ETF is approved, and could potentially hit a six-figure price in 2025.
The price of Tellor (TRB) has experienced significant volatility, leading to liquidations of both long and short positions, totaling $68 million in the past 24 hours, raising speculation about potential market manipulation by whales.
In January 2024, notable game releases include Prince of Persia: The Lost Crown, The Last of Us Part II Remastered, Tekken 8, and Like a Dragon: Infinite Wealth.
Ripple's XRP cryptocurrency is expected to see long-term success due to its international footprint and potential for use in central bank digital currencies, but its short-term price will likely be influenced by the outcome of the SEC lawsuit and interim rulings.
A trader, known as Bluntz, who accurately predicted Bitcoin's 2018 market bottom, is now predicting fresh all-time highs for the decentralized exchange (DEX) altcoin Injective (INJ) based on a bullish divergence on its four-hour chart, while also highlighting the potential for price surges in layer-1 crypto projects such as SOL, AVAX, SEI, and SUI.
Web3 security experts believe that hackers stole approximately $81 million from the cross-chain project Orbit Chain by gaining access to seven out of ten multisig signers, leading to a decline in the price of the project's native token and scammers attempting phishing scams impersonating the company.
The Shiba Inu team has announced that the Shibarium layer-2 network will begin burning SHIB tokens in January 2024, reducing the circulating supply and making the token more scarce, with the burns being highly anticipated by investors.
The upside potential for Bitcoin is expected to be limited even if the SEC approves BTC exchange-traded funds, with analyst Michaël van de Poppe predicting a peak of $48,000 to $52,000 before a period of sideways trading and a new all-time high in late 2024.
Leading analysts stress the need to overlook Bitcoin's price fluctuations and acknowledge the uncertainty of its outcome if the SEC approves Bitcoin ETFs, emphasizing that accurately predicting the price is difficult.
Robert F. Kennedy Jr. has criticized the US government for dropping charges against Sam Bankman-Fried, the founder of FTX, and accused the government of corruption due to their decision to drop charges related to a $100 million donation of stolen funds.
Ethereum is expected to experience a significant rally in 2022 if it can end December above the key resistance level of $2,274, according to a crypto strategist, while Ethereum rivals MultiversX (EGLD) and Near (NEAR) are also anticipated to perform well.
Several experts suggest that the potential approval of spot Bitcoin ETFs in 2024 may lead to a decline in Bitcoin's price, with a forecasted drop to around $32,000 in January.
Bitcoin analyst Benjamin Cowen suggests that Bitcoin may experience a significant correction in the near future based on historical price patterns and the possibility of a retest of its 100-week moving average.
This year saw the release and early access launches of numerous crypto and NFT games, including Parallel, Illuvium, Pixels, Shrapnel, Off the Grid, Deadrop, and My Pet Hooligan, highlighting the growth and potential of blockchain gaming.
2024 could be a transformative year for the cryptocurrency industry as the potential introduction of a spot Bitcoin ETF and increased involvement of traditional finance could signal a shift from speculation to investment and further legitimize crypto as an asset class.