Search Results for: K33 Research

“After Ether futures-based ETFs debut, crypto analysis firm K33 Research suggests investors might need to shift focus from ETH to BTC due to underwhelming results. Despite excitement, the ETFs didn’t intervene with Ether’s ongoing value decline compared to Bitcoin.”

“K33 Research analysts predict the potential of a Bitcoin ETF approval may dramatically boost Bitcoin’s buying pressure, yet this has been largely underestimated in the crypto market’s subdued reaction. In contrast, Ethereum is predicted to outperform Bitcoin in future months, likely propelled by momentum ahead of a futures-based ETF listing.”

The U.S. SEC nears the deadline for the approval or rejection of the first ether ETF which, according to a report by K33 Research, could cause a considerable boost in ether’s price. Comparing it to the 60% gain bitcoin experienced upon the launch of its first futures-based ETF, the analyst suggests a favorable market impact. Despite the SEC’s delay and consequent dip in bitcoin’s fortune, aggressive accumulation is recommended due to long-term potential.

“Joe DiPasquale of BitBull Capital considers a quiet week for Bitcoin and Ethereum encouraging for crypto enthusiasts. However, Vetle Lunde of K33 Research marks the languid trading volumes as potentially heralding unexpected volatility. Meanwhile, anticipation surrounds Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) as the crypto universe continually adapts and innovates.”

“Cryptomarket maintains a sense of calm with Bitcoin and Ethereum showing little change in price. However, historical data from K33 Research suggests volatility could occur as we’ve seen when Bitcoin’s volatility drops below big traditional players. An analysis of ‘hodling’ trends suggests a potential shift in market dynamics.”

The rush to apply for a Bitcoin ETF has rejuvenated the bulls, but this news may only boost the price to a certain distance. Bitcoin remains the center of attraction with its market dominance near 50%. K33 Research analysis found that Bitcoin investment outperforms altcoin portfolios in the long term.

A recent analysis by K33 Research shows that a ‘Bitcoin only’ investment strategy outperforms altcoin portfolios in the long term. Historical data reveals that despite a few instances when altcoins outpaced Bitcoin, the flagship cryptocurrency remains a more reliable investment option.

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.

Last week was particularly harsh for BTC, plunging nearly 11% amidst a potential legal ruling involving Grayscale and U.S regulators. The continuous case continues to cloud over BTC’s market position. Similar downturns were experienced across the broader crypto market, largely due to devastating market structures or macroeconomic factors.

“Bitcoin is clinging to the $29,000 mark, with Ether also experiencing a downfall. However, Tom Lee of Fundstrat Global Advisors predicts a potential surge for Bitcoin if the SEC greenlights a spot Bitcoin ETF, catapulting Bitcoin’s price over $150,000.”

“Market research reveals a surge in crypto investors’ funding into Bitcoin ETPs, leading to a $757 million increase. Concurrently, Societe Generale’s SG Forge becomes the first company in France licensed for crypto services. Additionally, Telegram issues $270 million in bonds amid massive growth, while the newly launched stablecoin GHO by Aave indicates market receptivity towards new crypto offerings.”

Bitcoin exchange-traded products (ETPs) have seen significant growth, with the BTC-equivalent exposure of ETPs globally increasing by around $757 million in just four weeks. However, the report also cautions that surges in such activities often coincide with local market peaks, indicating potential risk.

Bitcoin’s future looks exciting as traditional finance players like Citadel, Fidelity, and Charles Schwab enter the crypto space, fueling speculation of prices reaching $1 million. EDX Markets enables trading of top crypto assets, while BlackRock’s spot Bitcoin ETF application further bolsters optimism.

The recent rush of spot Bitcoin ETF applications has fueled market euphoria, with experts suggesting approval could profoundly impact Bitcoin’s market structure. Despite SEC crackdowns on major exchanges, bullish sentiments prevail, as evidenced by expiring options in various BTC price ranges showing a net advantage for buyers. Proceed with caution due to market volatility.

Bitcoin leads the crypto market recovery after SEC deems various tokens unregistered securities, resulting in lawsuits against companies like Binance and Coinbase. As investors shy away from altcoins, Bitcoin price surges past $27,000, with other cryptocurrencies like Ethereum, Cardano, and Solana also experiencing a recovery.

In 2023, heightened crypto market volatility is driven by factors like US debt ceiling negotiations, Asian regulatory shifts, and Turkey’s political landscape. Ether’s deflationary stance weakens its correlation to Bitcoin, possibly marking a long-term regime change in supply-demand economics between the two digital assets.

Bitcoin steadied after dropping below $28,000 due to progress on a debt ceiling deal, while government debt may prove favorable for the crypto market. Analysts suggest bitcoin’s resilience amid monetary tightening could be due to factors like store-of-value, NFTs, and supply/demand dynamics.

ProShares’ Bitcoin Strategy ETF (BITO) has underperformed compared to bitcoin’s performance this year, due to its futures-based structure and contango bleed. This highlights the limitations of futures-based ETFs and calls for the approval of direct BTC spot ETFs for better investor gains.

“Yesterday, Bitcoin’s price noted a slight increase as Davis Polk, a legal firm, vigorously pushed for the SEC’s approval of the Bitcoin spot ETF. This news could potentially expand investment opportunities and enhance the liquidity of the crypto market. However, analysts believe that the crypto market hasn’t yet reflected this bullish perspective in Bitcoin’s prices. Amidst this, high-net-worth individuals are showing increased interest in Bitcoin, further elevating its financial footprint.”

The shorting of Bitcoin seems to be decreasing, with the destructive influence of the past three months starting to wane. However, the exit from Bitcoin-related funds and intense regulatory scrutiny have created notable market challenges. Yet, analysts highlight potential imminent volatility, suggesting an eruption in the Bitcoin marketplace may be near.

“Crypto-related employment has spiked approximately 160% since 2019, expecting to reach 190,000 by 2023. Although the employment surge has faced challenges like several layoffs, the trend demonstrates the sector’s attractivity and continued potential for job opportunities despite volatility.”

Bitcoin’s fluctuating market has prompted speculation about a potential $100,000 valuation this year. Advancements, like institutional interest in spot Bitcoin ETFs, may set a robust foundation for a dynamic market. However, volatility and resistance levels also present risks. As always, careful assessment is critical before investment.

Bitcoin has seen a significant rally as U.S. institutional activity surges. Financial giants like BlackRock, Fidelity, and Citadel have substantially invested in Bitcoin, driving increased trading volumes and price gains. Despite regulatory concerns around other cryptos, Bitcoin’s popularity endures, suggesting a crucial ‘generational moment’ for sustained, long-term institutional adoption.

The declining correlation between bitcoin and equities makes a strong case for including BTC in diversified portfolios. A disciplined rebalancing strategy with minor BTC allocation can effectively improve overall risk profiles, enhancing traditional portfolio performance.