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“Cryptocurrency investment products recorded two weeks of significant inflows, with last week totaling a robust $78 million. Crypto Exchange-Traded Products (ETPs) grew by 37%, reaching $1.1 billion. Europe shouldered 90% of crypto asset inflows, as investor appetite remained varied between different products and regions.”

Bitcoin’s price remains steady at $28,000 despite global geopolitical instability, unlike gold, oil, or the U.S. dollar which have experienced turbulence. Anticipation mounts over future volatility as Bitcoin’s reaction to unfolding geopolitical crisis and potential economic fluctuations remains uncertain.

“Ethereum’s native token, Ether, is struggling to surpass the $2000 mark. It faces technical levels resistance linked to the U.S. dollar strength and Bitcoin’s market momentum. Ethereum ecosystem’s total-value-locked (TVL) decrease, and falling trends in active wallets and Non-Fungible Tokens (NFTs) volumes add to the challenge.”

ProShares Advisors has marked ether’s inaugural entry into the ETF market with six new futures products. These ETFs, backed by ether’s futures contract performance, provide regulated crypto market exposure. This development coexists with the ongoing SEC review of a prospective spot bitcoin ETF.

As U.S. cities and organizations initiate basic income pilot programs, a potential surge in crypto trading is predicted. A 2020 study showed a rise in Bitcoin trades after distribution of economic stimulus checks. Upcoming trials providing unconditional cash transfers may lead to increased trading in cryptocurrencies including AVAX, Bitcoin Minetrix, Rollbit Coin, Meme Kombat, and ADA.

The upswing in Solana’s (SOL) price can be attributed to three factors: the recovery following a major court ruling, increased usage of decentralized applications (Dapps) on the Solana network, and a network upgrade. However, competition from Ethereum’s layer-2 solutions and external factors remain challenges.

Bitcoin’s struggle to surpass $28.5K is attributed to factors such as failed launch of Ether futures ETFs, US Federal Reserve’s economic concern, a dip in Bitcoin’s core trading metrics, and dwindling faith in the prospect of a spot Bitcoin ETF. The path towards $30,000 appears uncertain.

Crypto users worldwide are increasingly investing in digital currencies in hopes of improving their lifestyle. Survey results indicate varying motivations across different demographics and locations: from funding children’s education to defying trading bans using VPN services. However, tightening regulations and price depreciation have caused a stagnation in some areas. Despite these hurdles, an optimistic outlook remains, as digital assets continue to present a potentially profitable avenue for individual investors.

Real Vision’s Raoul Pal suggests that macro factors, such as monetary expansion and low interest rates, rather than Bitcoin’s halving event, are likely to drive the next crypto bull market circa Q2 2024. Additionally, he notes that other potential catalysts, such as central banks cutting interest rates and fiscal stimulus ahead of the US presidential election, could favor cryptocurrency.

“VC funding for crypto startups has dropped to a three-year low, with a significant shift towards early-stage ventures. Despite challenging market conditions causing a lean funding period, strategic financing rounds have risen. The U.S leads with 54% of all active VC investors.”

Marathon Digital Holdings exhibited a 16% surge in Bitcoin production in September 2023. However, Uzbekistan introduced stringent regulations on crypto mining, potentially limiting industry growth. Meanwhile, U.S. based crypto exchange, Kraken, recorded its highest Bitcoin deposit activity, possibly indicating future price increases.

“While Ripple battles SEC allegations, cryptocurrencies like Trust Wallet Token, Bitcoin Minetrix, Avalanche, yPredict and GALA emerge as promising investment opportunities. Whether it’s Trust Wallet Token’s bullish trend, Bitcoin Minetrix’s stake-to-earn model, AVAX’s uptick, yPredict’s forthcoming AI-powered analytics platform, or GALA’s strong gains, these cryptocurrencies indicate valuable developments in the sector.”

“Despite positive developments like the introduction of Ether ETFs and a UAE Dirham-based stablecoin, Bitcoin continues to decline, now valued below $28,000. Influenced by declining US bond yields and overbought signals, the crypto market fell 0.90% over 24 hours. While Bitcoin sees substantial investments, Ether suffers consistent outflows, clouding the future of digital assets.”

“Cryptocurrencies like Bitcoin and Ether show mixed responses to external factors such as U.S. economic performance and labor market data. Attention is turning towards low-cap coins, offering volatile, short-term gain opportunities. Crypto presales might offer a less-risky, high-reward strategy for investors willing to navigate a delicate balance of risk and return.”

“Binance’s Russian users are progressively moving to new platforms including CommEx and ByBit, evident from decreased p2p transactions. While the migration is linked to US regulatory pressures, the change may indicate a strategic rebranding for more compliant user interaction in crypto market scenarios.”

“In the financial market fluctuations, XRP’s recent price movements have caught attention. A U.S. Judge’s favorable decision caused a price surge, but a decrease afterwards hinted at potential lack of investor confidence. Additionally, Ripple’s Asia Pacific subsidiary now has a Major Payment Institution license for digital payment tokens in Singapore, contributing to further operational expansion.”

Bitcoin’s price stability recently contrasted with a volatile U.S. dollar, almost mirroring a stablecoin. Despite these calm conditions, the U.S. dollar’s strength can cause market turbulence. Amid potential economic fluctuations, Bitcoin manages to maintain steadiness, prompting questions about the benefits of investing in traditional markets over emerging ones like Bitcoin.

Recent developments in the US economy, such as rising treasury yields and national debt, suggest a bullish future for Bitcoin. Former crypto exchange CEO, Arthur Hayes, speculates this could lead to mass liquidity injections, possibly triggering a Bitcoin bull run. However, the volatile interplay between these economic factors also warrants caution.