Search Results for: First Horizon

Analysts suggest potential market shifts like spot Bitcoin exchange-traded funds, PayPal’s stablecoin, and an Ethereum upgrade could disrupt the crypto market inertia. Despite recent lethargy, there are anticipations of rekindled enthusiasm due to increased institutional acceptance of cryptocurrencies and indicators of future crypto adoption.

“The primary cryptocurrency, Bitcoin, has sunk to one-month lows with potential further downtrend. Market participants project possible losses amid a turbulent macroeconomic week. A respected trader anticipates Bitcoin dropping to around $28,500, with subsequent rebounds predicted. Yet, sudden market pivots are not discounted, emphasizing high-risk, high-reward nature of the crypto market.”

The Grayscale Bitcoin Trust’s discount to net asset value retaliates with the U.S application for a Bitcoin ETF by BlackRock, while Arkham Intelligence faces controversy over its new service and data handling. Meanwhile, Bitcoin’s potential rise to $50,000 by year-end is predicted by Standard Chartered Bank.

Orbit Markets partners with PI Digital to introduce the first bitcoin and gold hybrid derivative product, aiming to provide investors exposure to both gold and digital assets during macroeconomic uncertainty. This innovative product offers flexibility and showcases the promising future of finance.

A recent Gallup poll reveals that 48% of respondents in the US are concerned about their money in banks, with 20% being “very concerned.” In the context of the US banking system’s challenges, it remains to be seen if cryptocurrencies can emerge as a more stable and secure alternative for consumer finances.

The subdued performances of new Ethereum futures ETFs suggest shifting investor interest back to Bitcoin. Initial trading volume was significantly lower than anticipated, indicating lackluster interest in Ether ETFs. This hints that increased institutional access will only boost buying pressure if significant demand exists, which currently doesn’t seem the case for Ether.

Bloomberg analysts forecast the rollout of Ethereum futures exchange-traded funds (ETFs) as early as next week. Various competing entities in the crypto market plan to launch their own Ether futures ETFs, increasing market competition. However, not all proposed ETFs are expected to succeed due to the competitive nature of crypto markets. This Ethereum futures ETF launch now relies on the potential US Government shutdown.

“ThunderCore cryptocurrency exhibits an optimistic outlook with its recent 14% climb and trending positive market activity. Meanwhile, blockchain startup Launchpad XYZ is attractively streamlining the Web 3.0 industry, including NFTs and play-to-earn games, and preparing for its token’s debut on its decentralized exchange in 2023.”

“Bitcoin’s price may see a potential rise to $27,500 if it can cleanly overcome the $26,700 obstacle. Nonetheless, failure to clear this hurdle may divert Bitcoin to lower levels like $25,400, or $25,000. Keep updated on digital assets and conduct thorough, independent research before investment.”

Digital asset services firm, Galaxy Digital has appointed Leon Marshall as its inaugural European Chief Executive, signaling a stride towards global expansion. This venture showcases the firm’s determination to extend its territory despite challenging market trends, spurred by advancements in European digital asset regulation – a factor that’s presenting Europe as a promising crypto hub.

“The Render Token shows potential for growth in the long term, its RSI and MACD histogram indicate increased buying momentum. However, the market seems balanced, with speculation about whether it will break its current resistance or continue consolidating. Furthermore, emerging projects like Launchpad XYZ are garnering attention.”

“Binance expands its zero-fee trading to Argentine, Brazilian, and South African currency spot trading pairs. This move is seen as an attempt to increase trading of prominent cryptocurrencies against mentioned fiat currencies, despite confronting legal and regulatory hurdles, especially in the U.S. and Europe.”

“The crypto market performance has been tepid this week with Bitcoin staying below $26,000. Despite SEC revisiting its denial of Grayscale’s ETF bid, other application avenues remain restrained. Deribit, a crypto derivatives platform, saw a 17% surge in trading volume, indicating strong activity in the global crypto options market.”

Bitcoin’s price fell over 5.5% following SEC’s delay on Bitcoin ETF application approvals. High volatility continues with emerging meme coins such as Shiba V Pepe (SHEPE) and Wall Street Memes (WSM). These developments evidence the evolving and high-risk nature of cryptocurrency investments.