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The Bitcoin halving will likely positively affect Ethereum and the broader crypto market, according to multiple industry insiders.
CELO surges 41.1% in 24 hours, showing strong investor confidence and bullish momentum. The recent surge could be linked to its joint effort with Tether to introduce USDT on the Celo network. Technical indicators on CELO’s price chart, like EMA and MACD, indicate a continued bullish trend.
The mini version of GBTC is expected to offer holders additional exposure to bitcoin without having to pay extra taxes, according to its filing.
Cat-themed memecoins have rallied over the past week.AI tokens have risen strongly over the last 24 hours.
Could slower Bitcoin millionaire wallet growth signal early bull market stages and pending peak capital inflows?
BlackRock’s IBIT spot bitcoin ETF has exceeded 200,000 BTC in assets under management after just two months of trading.The newborn nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — now total more than 420,000 BTC.
Cathie Wood’s Ark Invest offloaded another 270,365 Coinbase shares on Monday — worth $68.7 million.COIN has surged 10% over the past week to reach the highest level since December 2021.
Bitcoin ETFs are sucking up the BTC available for purchase, and the tipping point in supply dynamics will come this year, one analyst says.
Thailand’s Securities and Exchange Commission has permitted firms to launch funds for investing in U.S. spot bitcoin ETFs. The country’s asset management firms are now allowed to offer funds with exposure to spot bitcoin ETFs for institutional investors.
- 01:20CICC: The U.S. economy is heading towards a soft landing, the Federal Reserve does not need to significantly cut interest rates for nowThe CICC research report states that the actual GDP of the United States in the third quarter of 2024 grew by an annualized rate of 2.8% quarter-on-quarter, slightly lower than the market's expected 3.0%, and also a slight drop from the second quarter's 3.0%. However, it is still an impressive performance. Looking at individual items, personal consumption expenditure was strong, corporate equipment investment expanded, exports and government spending accelerated, indicating that US economic growth remains healthy. The relatively weak areas are real estate investment and construction investment, showing that high interest rates are still having a suppressive effect. In addition, inflation fell further in the third quarter, implying that the U.S economy is heading towards a soft landing. We believe that there is no need for significant rate cuts by Federal Reserve for now; we expect a cut of 25 basis points next week with whether to skip cutting rates in December depending on how inflation progresses.
- 00:47Today's Fear and Greed Index is 77, the level remains extremely greedyToday's Fear and Greed Index is 77 (the same as yesterday), the level remains extremely greedy. Note: The fear index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market survey (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).
- 00:47MicroStrategy plans to raise 42 billion dollars in the next three years to purchase more BitcoinAccording to reports, MicroStrategy has announced its financial results for the third quarter of 2024. By the end of the third quarter, the company held 252,220 BTC with a year-to-date return rate of 17.8%. The company also announced a capital plan of $42 billion. Under the leadership of Executive Chairman Michael Saylor, it was stated that over the next three years, they will raise $21 billion in equity and issue $21 billion in bonds to purchase more Bitcoin as reserve assets with additional capital to achieve higher BTC returns. MicroStrategy's most recent disclosure was in mid-September when it announced that it had purchased an additional 7,420 Bitcoins for $458.2 million bringing their total holdings up to 252,220 BTC. As of this quarter-end, there were remaining funds totaling $891.3 million after their last financing round. MicroStrategy also raised its target range for "BTC yield" from previously set at between 4%-8% now increased to between 6%-10%.
