The bank also predicted that approval of an ether ETF could be expected on May 23, leading to as much as $45 billion of inflows in the first 12 months and ETH climbing to $8,000 by the end of 2024.
Memecoins soared past $55 billion in market cap, up 11% as traders doubled down on SHIB, WIF, BONK, and newcomer CORGIAI
The latest price moves in crypto markets in context for March 15, 2024.
Bitcoin ETF inflows could lead to a “sell-side” crisis in the coming months, one market observer said.
Bitcoin’s new all-time high at $69,200 on Tuesday was short-lived as heavy selling pressure sent the largest cryptocurrency tumbling to below $65,000.
Most bitcoin addresses bought coins at prices lower than the going market rate, according to IntoTheBlock.
The cryptocurrency has more room to run, analysts say.
The latest price moves in crypto markets in context for Feb. 29, 2024.
The number of bitcoin held in wallets tied to miners has dropped to the lowest since mid-2021.
Wallets containing bitcoin seized by the U.S. government in the notorious Bitfinex hack – later leading to guilty pleas for Ilya Lichtenstein and Heather “Razzlekhan” Morgan – have suddenly become active.