Bitcoin may witness a significant correction of up to 40% if a historical pattern repeats, according to crypto analyst Ali Martinez, who also predicts that the current bull market for Bitcoin will last until the end of 2025 based on the cryptocurrency's halving cycle.
MicroStrategy's bitcoin holdings continue to drive its success, with the company purchasing over 14,000 bitcoins in December and seeing its stock price rise by 346% this year, prompting analysts to raise the price target for MSTR shares by 25%.
The Solana ecosystem's momentum cools, leading to intensified exchanges between advocates of Solana and Ethereum, with Ethereum co-founder Vitalik Buterin blaming stalled progress on high gas fees and Solana co-founder Anatoly Yakovenko dismissing Ethereum as a "cockroach settlement layer."
Investing in Shiba Inu (SHIB) may not guarantee millionaire status despite the potential for a bull run and the approval of a Bitcoin ETF, as it is a highly speculative and risky investment compared to other more popular cryptocurrencies like Bitcoin.
Hong Kong's financial regulator has approved guidelines for spot bitcoin ETFs, offering both "in-kind" and "cash creates" models, positioning Hong Kong's ETF as more bullish compared to the U.S., which is experiencing significant developments in the sector with Bitwise disclosing a $200 million seed investment in its spot bitcoin ETF filing. This move is expected to enhance bitcoin market liquidity and stability globally.
Reckless money printing is likely driving Bitcoin on another bull run, according to BitMEX founder Arthur Hayes, who predicts a blow-off top for BTC before 2027.
Crypto exchange FTX collapsed and its co-founder, Sam Bankman-Fried, has been found guilty of fraud and conspiracy, potentially facing up to 110 years in jail, with wild stories about the firm emerging, including living in a $35 million penthouse, inter-dating within the inner circle, an in-house psychiatrist, disputes over a door, storing crypto on a USB stick, and employees finding out about bankruptcy when the company card was declined.
In 2023, the aggregate value of listed cryptocurrencies increased by 115%, with Bitcoin and Ethereum accounting for 67% of the total market value; predictions for 2024 include a "buy the rumor, sell the news" theme for Bitcoin, underperformance of popular "dog" coins like Dogecoin and Shiba Inu, failure of the cryptocurrency market to decouple from Wall Street, and the likelihood of another major failure in the crypto space due to lack of oversight and potential de-pegging of stablecoins.
The Netflix film "Bitconned" is based on the fraudulent cryptocurrency company Centra Tech and its co-founders who deceived customers and investors with false claims and fake partnerships.
Ethereum co-founder Vitalik Buterin has shared an updated roadmap for ETH 2023 that aims to address design weaknesses and improve the Ethereum blockchain, without committing to a specific timeline for implementation.
The SEC may notify ETF issuers about the launch of Spot Bitcoin ETFs as early as Tuesday or Wednesday, potentially leading to a bullish market sentiment and supporting Bitcoin's price.
Despite recent dips in their market value, analysts believe that popular meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and BONK may experience a promising resurgence in 2024 due to shifting market dynamics and investor reactions. While DOGE is forming a bull flag that could lead to higher highs, SHIB's community efforts and Ethereum's price breakout suggest potential growth, and BONK is expected to bounce back despite its recent decline. The future of these meme coins remains uncertain, but their combination of social media influence, community engagement, and market forces make them an intriguing aspect of the broader cryptocurrency market.
Cryptocurrency exchange OKX has announced that it will be delisting Monero, Zcash, and Dash, causing the prices of these privacy-focused altcoins to drop significantly.
Web3 projects lost over $2 billion in 2023 due to hacks, rug pulls, and phishing scams, with decentralized finance (DeFi) projects being the primary target, according to a report by blockchain security firm Beosin.
Bitcoin has seen a significant surge in value in 2023, with predictions from high-profile figures that it could reach $1 million in the future.
The small-cap crypto project Moonriver (MOVR) has experienced a significant surge of over 188% this week, driven by the growing momentum within the Polkadot (DOT) ecosystem, with MOVR trading at $29.16, up from $10.12 a week ago.
The approval of a spot Bitcoin ETF, which is anticipated to happen in January, is unlikely to result in a flood of Wall Street investment into the crypto market, according to analysts, who predict that the first year of a spot Bitcoin ETF would see investments of $10 billion to $15 billion, a relatively small amount compared to Bitcoin's market capitalization of $859 billion.
Cryptocurrencies such as Solana, Zilliqa, and Uniswap are redefining the digital currency landscape with their adaptability and long-term potential, making them potential frontrunners in the market.
El Salvador is set to launch Bitcoin Bonds in the first quarter of 2024, as part of its strategy to attract bitcoin holders and boost investment opportunities in the country. The bonds are expected to join the country's profitable investment products, with El Salvador's sovereign bonds already experiencing a surge in value.
Over 30% of Bitcoin supply is considered lost, as BTC price remains above $41,500 and Bitcoin exchange supply continues to increase.
Bitcoin's current uptrend is predicted to last for two more years based on historical patterns related to halving events, while recent sell-offs by miners could affect BTC's value; additionally, the native token of decentralized exchange Uniswap is expected to surge towards $10 after overcoming a key resistance level.
The decline of the U.S. dollar in 2023 due to the Federal Reserve's dovish pivot and the shift towards trading in local currencies has led to predictions of a surprise "Biden bailout" and a potential bitcoin price boom in 2024.
Binance Coin (BNB) could experience a significant rally if it manages to convert a key resistance level into support, according to a popular analyst, while Bitcoin (BTC) is likely to see bargain-buying opportunities ahead of its fourth halving in 2024.
Crypto exchange founder Sam Bankman-Fried, who has been found guilty of fraud and money laundering, will not face a second trial as US prosecutors choose to proceed with sentencing rather than delay the case any further.
Cathie Wood's ARK Next Generation Internet ETF has sold its entire stake in the Grayscale Bitcoin Trust ahead of the SEC's decision on Bitcoin ETFs, opting for caution and investing in other Bitcoin ETFs instead.
U.S. prosecutors have decided not to proceed with a second trial against Sam Bankman-Fried, who was convicted last month of stealing $8 billion from customers of his bankrupt FTX cryptocurrency exchange, citing the strong public interest in a prompt resolution of the case.
Whale purchases of Chainlink (LINK) worth over $105 million indicate growing confidence among major players in the project, potentially leading to a price jump, according to a crypto analyst, who also notes that the short-term price target for LINK is $20.
US prosecutors have stated that they will not proceed with a second trial against Sam Bankman-Fried, who was convicted of stealing from customers of his bankrupt cryptocurrency exchange, citing the strong public interest in a prompt resolution of the case.
Several major Wall Street firms, including Invesco, Fidelity, and BlackRock, have filed paperwork for their Bitcoin ETFs, signaling a possible imminent action from the SEC and a race to launch the first approved Bitcoin ETF, with fees and partnerships being key differentiating factors among the offerings.
Investment management firm VanEck has released a Bitcoin-centric teaser ad on Twitter, joining other hopeful financial institutions in preparing for the potential approval of the first-ever Bitcoin ETF and staking their claim in the market.
Marathon Digital's stock has experienced a significant rally as it transformed itself into a leading Bitcoin miner, with analysts expecting further growth in revenue, although the company faces challenges such as increasing debt and the upcoming Bitcoin halving.
Coinbase has prepared extensively for Spot Bitcoin ETF approval and aims to be the top choice for custodians among Bitcoin ETF applicants.
Two bitcoin exchange-traded fund (ETF) applicants, BlackRock and Valkyrie, have announced their authorized participants (AP) as J.P. Morgan and Jane Street, raising eyebrows due to J.P. Morgan CEO Jamie Dimon's negative stance on cryptocurrencies.
A decentralized exchange on Osmosis was hacked for $1.14 million worth of crypto due to an oracle attack, but the issue has been resolved and impacted users will be compensated.
Crypto trader Michaël van de Poppe reassures traders that Bitcoin's current consolidation is just a dip in the bull market, and expects a rally to start from Monday onwards.
Shares of crypto miner Marathon Digital Holdings experienced a significant drop, falling nearly 18% and putting the stock on track for its worst day since January 18, after previously rallying this month.
Binance founder CZ's request to travel abroad is denied by a federal judge for the second time as he awaits sentencing for criminal charges in the US.
The crypto market is showing signs of recovery as macro factors align, and three cryptocurrencies to consider for potential growth are Kaspa (KAS-USD), Dynex (DNX-USD), and Golem (GLM-USD).
Binance founder Changpeng Zhao's request to leave the US has been denied by a judge as he awaits sentencing for banking law violations.
For the majority of NFTs that have significantly decreased in value, a startup called Unsellable is offering to buy these illiquid NFTs from owners for a penny each in order for them to claim tax write-offs, with the company having helped customers declare $4.2 million in realized losses so far. Unsellable aims to create the largest collection of NFTs and has received interest from potential buyers for the collection.
Altcoin Sherpa, a crypto strategist, predicts that Ordinals (ORDI) is poised for another significant increase in value, while also noting the potential for Solana competitor Sei Network (SEI) to continue its strong performance, and suggesting that Bonk (BONK) may be displaying a bearish pattern.
The price of ORDI, the most valuable Bitcoin BRC-20 token, reached a new all-time high before experiencing a drop, reflecting investor interest in Ordinals and NFT-style inscriptions on the Bitcoin network; however, the increased usage of Bitcoin for Ordinals transactions has led to higher transaction fees and criticism within the Bitcoin community.
The text recaps the top trades of 2023 across various asset classes, including stocks, cryptocurrencies, and commodities, highlighting the best performers and worst performers, along with notable indices and forex changes, and hints at a new tool for 2024.
The deadline for Bitcoin ETF contenders to file amendments and clear the final hurdle for approval, authorized participant agreements, has arrived, with the Securities and Exchange Commission (SEC) requiring Bitcoin ETFs to follow a cash model and have authorized participant agreements in place, potentially excluding applicants that fail to meet these criteria, as experts predict a spot Bitcoin ETF will gain approval in the new year.
Shares of Bitcoin mining companies Marathon Digital Holdings, Inc. and Riot Platforms, Inc. are trading lower due to investors securing profits on the last trading day of 2023.
Shares of U.S.-listed cryptocurrency-related companies, including Coinbase and MicroStrategy, sold off heavily on the last trading day of the year, potentially driven by investors taking profits and capping off a successful year for the asset class.
Solana (SOL) may experience a significant upward movement, according to a crypto strategist who utilizes the Elliott Wave theory, while another Ethereum competitor, Arbitrum (ARB), is also expected to surge after an ABC corrective wave.
Avalanche Foundation plans to invest in meme coins as part of its Culture Catalyst program, using $100 million to recognize and encourage the culture and fun associated with these coins.
Crypto miners' bitcoin reserves have decreased to the lowest level in months as selling pressure mounts, with miners selling 3,000 BTC in the past 24 hours.
The original vision of Web3 as a more open internet stack has faded due to rising transaction fees and an ideological rift, but positive developments such as scaling solutions and privacy tools like zero-knowledge proofs are still propelling Ethereum forward, according to Ethereum co-founder Vitalik Buterin.