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These cryptocurrencies represent an attractive investment after Bitcoin's fourth halving. Bitcoin's fourth halving passed without much fuss. On April 20th, 840,000 blocks were mined. Despite the fact that scarcity has officially increased for the fourth time, BTC price has remained relatively stable. The relative calm is creating a scenario where there may be a cryptocurrency to buy. From now on, miners will receive 3.125 BTC for each successfully mined block. Therefore, BTC is highly scarce and should increase in value. Prices have historically increased around halvings. Investors should also expect increased volatility as the market adjusts to various new factors…
Bitcoin is struggling to break above $60,000 after falling into a devastating downtrend this week. Bitfinex analysts shared their latest insights on BTC in May, predicting that the world's leading cryptocurrency will continue to serve as a benchmark for market price action, indicating market capitalization across asset classes. Bitcoin consolidation continues Analysts said in their latest statement that Bitcoin is becoming increasingly correlated with macroeconomic indicators and traditional financial market indices, especially as more financial institutions allocate a portion of their portfolios to cryptocurrencies, especially BTC. It pointed out. Therefore, they expect the short-term economic environment to have a significant…
Share this article Michael Saylor believes the U.S. Securities and Exchange Commission (SEC) will label Ethereum as a security this summer and, as a result, reject all applications for a Spot Ethereum ETF. He also claimed that other major cryptocurrencies such as Binance Coin (BNB), Solana (SOL), Ripple (XRP), and Cardano (ADA) are likely to face similar security classifications from the SEC. .“Ethereum is considered a crypto security, not a commodity. Then you can see that Ethereum, BNB, Solana, Ripple, Cardano, everything under Stack are just crypto securities that are not registered. Saylor said in a presentation today at the…
blockowner of cash app and squareis also a large Bitcoin owner. This is as the company's latest Q1 2024 Financial results The company revealed that its $200 million investment in Bitcoin grew by about 160%, reaching $573 million at the end of the quarter. “We believe the world needs an open money protocol that is not owned or controlled by a single organization. We believe that we are the best and only candidate to become the Block's CEO,” said Jack Dorsey, Head of Block, Head of Square, Block Chairman and Co-Founder. shareholder letter. “1.6 million Cash App Card users use…
One analyst noted that Bitcoin recently closed below historically significant on-chain levels and that the failure to recover could spell trouble for Bitcoin. The recent crash has pushed Bitcoin below its short-term holding cost basis. new post Martin discussed the recent closing price of BTC below the realized price for short-term holders on X and emphasized the importance of Bitcoin in the rebirth. “Realized price” here refers to an on-chain indicator that tracks the price at which the average investor on the Bitcoin network acquired their coins. In other words, it measures the average cost base of the BTC market.…
At a sentencing hearing in Seattle on Tuesday, Qiao Changpeng received a lighter sentence. The sentence was so light that the judge sentenced the Binance founder, who had turned a blind eye to money laundering, to four months in prison instead of the one or two year sentence we all expected. Ta. Much of this leniency was made possible because Mr. Zhao, also known as CZ, took a plea deal and said all the right things. But some of that was due to mitigating factors related to “sealed” issues that the judge and attorneys mentioned multiple times during the hearing.…
The crypto industry is full of former regulators, who typically serve as legal advisors and political lobbying advisors for top companies. With the exception of former Justice Department prosecutor Katie Horn, it's even rarer for a regulator to serve as an investor in a venture, let alone a founding partner. Matthew Homer, who previously served as a senior cryptocurrency supervisor at the New York Department of Financial Services, is trying to break the mold. After leaving DFS in 2021 and working at venture firm Nyca Partners, Homer founded his own venture firm focused on cryptocurrencies, Department of XYZ, which just…
The unraveling of the 10 spot Bitcoin exchange-traded funds in the US continues. All ETFs recorded outflows for the first time on Wednesday, with $563.7 million leaving the funds, the biggest loss since they began trading in January, according to data from Coinglass. The latest statistics show that the number continues to decline for the first time in almost two months. Over the past four weeks, the fund has lost about $6 billion and assets under management have fallen about 20%. BlackRock's IBIT, its most successful fund with $17.24 billion in assets under management, recorded outflows for the first time,…
Cryptocurrency prediction website Telegaon Insights provided Until when Cardano (ADA) reaches $45. An increase to this price level would represent a price increase of 8.900% from the current price level, which is attractive. ADA holdersespecially given the recent unimpressive price action for crypto tokens. When Cardano rises to $45 telegaon predicted In a blog post called cardano They highlighted $45.87 as the highest price the crypto token is likely to reach that year. Meanwhile, $39.12 and $42.41 are predicted to be the lowest and average prices for ADA for the year. The prediction site claims that Cardano's parabolic rise is…
Popular trader and economist Alex Krueger said he is currently “maximum long” in the crypto market. kruger To tell His 173,800 followers on social media platform The economist said he was considering “de-risking” in the near term. However, he acknowledged that Bitcoin (BTC) could fall to $52,000 after falling below $59,000. BTC is trading at $57,093 at the time of writing, down over 4.5% in the past 24 hours. Kruger explains: “I'm not immune to bear attacks. My overall picture hasn't changed. A new ATH is coming later this year (for Bitcoin). The end-of-cycle view makes little sense to me.…