First Mover Americas: Bitcoin Seen Topping $50K This Weekend
The latest price moves in crypto markets in context for Feb. 9, 2024.
Year
JPMorgan Survey Shows Over Half of Institutional Traders Don’t Want Crypto Exposure
The bank’s survey of over 4,000 traders found that 78% of the participants do not plan to trade cryptocurrencies, while just 12% plan to do so in the next five years.
Bitcoin Could Hit $48K in Days, Propelled by Historic Chinese New Year Gains: 10X Research
The largest crypto rallied every time in the last 9 years by 11% on average around the Chinese New Year festivity, says 10X’s Markus Thielen.
Bitcoin To Reach $70K By Year End: Markus Thielen
The macro environment, monetary tailwinds, U.S. election cycle and increasing TradFi demand all point to higher prices.
Bitcoin Flat as Traders Look Forward to the ‘Year of the Dragon’
Market enthusiasts expect the year of the dragon to bring good fortune for the crypto market, but more traditional analysts advice caution.
Coinbase Upgraded by Oppenheimer as Crypto Exchange Is ‘Stronger Than Many People Realize’
Analyst Own Lau noted higher trading volume, the recent approval of the spot bitcoin ETFs, and a potential win in the company’s lawsuit against the SEC as the main drivers for the upgrade.
Why 2024 Will Be Bitcoin’s Year
ETF approvals and a halving set for April will change the supply-and-demand dynamic of bitcoin, likely sending the price higher, says John Stec at Küresel X.
Beyond the ETF: Crypto Innovations to Watch in 2024
While most market watchers are focused on bitcoin ETFs at the moment, Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA) hold a lot of long-term promise, says Colton Dillion, CEO of Hedgehog.
Bitcoin ETFs Could See Up to $100B in Inflows If SEC Approves: Standard Chartered
Analysts from Standard Chartered, Galaxy and Corestone predict that a spot bitcoin ETF could see over $1 billion in inflows over just the first quarter.
Bitcoin, Asian Stocks Drop as Traders Pare March Fed Rate Cut Bets
Friday’s payrolls will likely compel the Fed to maintain flexibility in its policy decisions going forward, one observer said.