Coinbase's Bitcoin reserves hit 2017 lows as whales opt for self-custody, withdrawing $1B+. Market surge follows ETF excitement, with analysts predicting further price hikes amid supply pressure. Investors cautioned on market volatility.
Xu LinFarcaster, about Farcaster’s growth, innovation, and speculation. Golden Finance, a brief introduction to Farcaster’s recent developments.
JinseFinanceExplore the dynamic cryptocurrency landscape as major tokens like Bitcoin, Solana, and Cardano confront market volatility. Uncover the pivotal role of Bitcoin ETFs, including Grayscale’s GBTC, in shaping market trends and investor strategies. Delve into the contrasting forces of market downturns and ETF-driven optimism, painting a complex picture of the current crypto economy.
BrianChainlink's LINK showcased a resilient rebound amid market challenges, with data pointing towards increased investor confidence and positive indicators for future growth. Despite recent uncertainties, LINK's performance and strategic focus on blockchain integration position it as a noteworthy player in the crypto space.
SanyaIn the aftermath of the SEC's approval of U.S.-listed spot Bitcoin ETFs, JPMorgan anticipates a potential breather for Bitcoin mining stocks. Despite uncertainty, the bank views any sell-off as a buying opportunity, emphasizing that the ETF's approval does not directly impact mining economics. Iris Energy (IREN) is identified as JPMorgan's preferred value stock in this evolving landscape.
BerniceThe European Central Bank (ECB) remains cautious about Bitcoin, considering it a speculative asset lacking intrinsic value. ECB Executive Director Isabel Schnabel emphasized the risks and volatility associated with Bitcoin. The ECB's focus is on developing a digital euro, set to launch in 2026, aiming to provide a secure and efficient means for daily payments while maintaining privacy standards and regulatory control. Schnabel clarified that the digital euro would coexist with paper money and is not intended to replace it.
Huang BoThe upcoming 2024 Bitcoin halving sparks anticipation, driven by historical retracement patterns. While challenges in predicting price movements persist, a blend of excitement and apprehension defines the community's sentiment, highlighting potential retracement possibilities.
BerniceBitcoin's hypothetical surge to $1 million per unit could potentially dethrone Elon Musk as the world's wealthiest individual and pave the way for new billionaires and even the first trillionaires, considering the substantial BTC holdings of influential figures like Michael Saylor, as analyzed by SimplyBitcoin.
Xu LinBitcoin's recent price decline, triggered by ETF-related uncertainties, led to a surge in 'buy the dip' sentiment on social media, raising concerns based on historical patterns.
Huang BoThe new governor Pan Gongsheng stressed the importance of seeking progress while maintaining stability.
Alex