Will Bitcoin crash to $10K? - cyptoranking.com

2024-04-28

Popular crypto exchanges(2023 Update) 2024-04-28
Image: cyptoranking.com

A recent survey conducted by the CFA Institute revealed that there are positive beliefs about CBDCs across the globe. According to the survey findings, 42% of respondents supported the launch of digital currencies by central banks. On the other hand, 34% opposed it, and 24% had no particular preference. — Pirate Nation (@PirateNationNFT) August 9, 2023 Will Bitcoin crash to $10K?Historically, digital art has been undervalued by the fine art industry, but NFTs are changing that. An influx of retail money channeled through financial scions will create the predictable yields that let innovation truly prosper. Everyone will take mainstream finance crypto projects seriously. Innovation will, newly minted, go into overdrive. A whole cabal of investors, entities that sit currently outside the angel and VC edge cases that are the current primers of any crypto run, will be looking for Web3 projects to make sustainable, long-term investments in.

Exchange Rankings Crypto
Image: cyptoranking.com

“As we double down on Otherside, and look to build out unique, live experiences in entertainment and gaming, we are excited about deepening our commitment through investing for the long term with Hadean,” said Yuga Labs CEO Daniel Alegre in a statement. As the SEC vs. Ripple lawsuit progresses, numerous possible outcomes remain on the table: Bitcoin vs. Altcoins: Comparing Cryptocurrencies“I agreed with Mr. Bankman-Fried and others to provide misleading financial statements to Alameda’s lenders.” Former U.S. Federal Reserve Board Chairman Paul Volcker once famously quipped that the only financial innovation he could think of that actually improved people’s lives was the ATM. I would add DeFi to that short list.

Cybersecurity firm Avast is calling out a long-lived tool that has haunted popular dating apps and that has been upgraded with artificial intelligence, gaining the ability to build fake profiles and manipulate unsuspecting users. Coinbase's recent approval by Singapore's Monetary Authority signals the city-state's growing embrace of cryptocurrency. As Bitcoin (BTC) continues its bullish trend, backed by Marathon Digital's robust production, the rising star VC Spectra (SPCT) steals the limelight. Let’s explore what's happening in the crypto industry and learn more about this cryptocurrency for beginners.>>BUY SPCT TOKENS NOW<<SummaryCoinbase obtains an MPI license from the Monetary Authority of Singapore.Analysts say Bitcoin (BTC) might approach $28,500 at the end of October.VC Spectra (SPCT) attracts investors with its 82% surge promise.Coinbase Gains Key Singapore License for Crypto ExpansionOn October 1, Coinbase achieved a milestone by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This allows the platform to extend digital payment token services, including top altcoins, to Singapore's retail and institutional clientele. Nana Murugesan, the VP of Internal and Business Development at Coinbase, views this as an endorsement and a duty towards Singapore's blossoming crypto and Web3 domain. With Singapore carving a niche as a pivotal crypto hub, Coinbase's introduction of tailored regional offerings underlines its ambition to solidify its international footprint.Marathon Digital Ramps Up Bitcoin (BTC) ProductionMarathon Digital Holdings experienced a 245% increase in Bitcoin (BTC) production in September 2023 due to their optimized Texas operations. Their upcoming facility in Garden City and a 20% hike in the U.S. hash rate showcase a promising Bitcoin future. Their Abu Dhabi partnership contributed an additional 50 BTC, bringing their total to 13,726 BTC by month's end.With assets totaling $471.2 million, Marathon solidifies its position in the market. Data indicates that the $27,000 mark is now a pivotal Bitcoin prediction topic, with many traders stressing its significance as a support level. The Bitcoin prediction suggests that although Bitcoin (BTC) traded around $27,500 in October, resistance is evident.When discussing the top 5 cryptocurrencies, experts highlight that Bitcoin's (BTC) recent surge could mean BTC network valuation is outstripping its transaction value, hinting at a potential price bubble. There's a consensus in the Bitcoin prediction sphere that the BTC might approach $28,500 at the end of October, with $27,500 as critical support, drawing more investors.VC Spectra (SPCT) Is the Epicenter of Decentralized Investment GainsWith its decentralized asset management protocol and trading platform, VC Spectra (SPCT) attracts investors in the fintech and blockchain fields among top crypto coins like Bitcoin (BTC). VC Spectra (SPCT) reached $0.044 due to overwhelming demand in Stage 3 of the public presale. As a result, Stage 1 SPCT participants have seen a whopping 450% return, while Stage 2 backers enjoyed a 300% gain.A unique selling proposition of VC Spectra (SPCT) is its dedication to democratizing access to the blockchain and tech industries. They're crafting a future where individuals can confidently invest in blockchain and technology sectors regardless of financial background. VC Spectra (SPCT) is designed to provide a rewarding journey for its investors, offering many benefits and dividends based on token holdings. VC Spectra’s transparent and strategic approach to portfolio selection and capital allocation enhances stakeholder value.New Stage 3 VC Spectra (SPCT) investors will witness an 82% surge when SPCT hits the anticipated $0.080 by the end of the presale. In addition, VC Spectra's enticing presale incentive, granting a 50% bonus on deposits, epitomizes SPCT’s dedication to rewarding early supporters.Learn more about the VC Spectra presale here:Presale: https://invest.vcspectra.io/loginWebsite: https://vcspectra.io Telegram: https://t.me/VCSpectraTwitter: https://twitter.com/spectravcfundCoinbase Authorized for Crypto Services in Singapore: Implications for Ethereum (ETH) and VC Spectra (SPCT)? Buy Bitcoin|Blockchain WalletWhat Does the Future Hold for the Metaverse? According to Hayes, “the US banking system is functionally insolvent because the regulators made the rules in such a way that it was profitable from an accounting perspective, not an economic perspective, to essentially take in deposits and buy low yielding treasuries and they could do it with almost infinite leverage and a few basis points differing in the change of the price and everyone makes a lot of money and gets a big bonus.” “The banks collectively bought all these treasuries in 2021 and obviously the price went down a lot since then and that’s why we have the regional banking crisis.” The largest concern expressed by Hayes is “at a structural level, the US banking system cannot buy more debt, because it cannot afford to because it is structurally insolvent. The Federal Reserve has committed to doing quantitative tightening, so it's not accumulating more treasuries.”Hayes explained that the market is digesting this, and the nuance here is that despite high rates on treasuries, gold prices remain high and certain market participants who previously were treasury buyers are disinterested. Currently, banks’ struggle to attract deposits, and the difficulty of matching their deposit rates to the current rates available in the market creates revenue and debt management stress at a level which could become critical to the function of the entire banking system. Like many cryptocurrency advocates, Hayes believes that it’s in times like this that a certain cohort of investors begins to look at different investment options, including Bitcoin. Hayes’ view on why Bitcoin is destined for $750,000Despite what appears to be a generally dismal outlook on the global and U.S. economy, Hayes still expects Bitcoin price to outperform, and he placed a target estimate in the $750,000 to $1 million range by the end of 2026.Hayes expects Bitcoin to continue,“Chopping around $25,000 to $30,000 this year as we get to some sort of financial disturbance and people recognize that real rates are negative. If the economy is growing at a nominal rate of 10%, but I’m only getting 5% or 6%, even though it's high, people on the margin are going to start buying other stuff, crypto being one of those things.”Coming into 2024, Hayes said either a financial crisis will push rates closer to 0% or the government keeps raising rates, but not as fast as governments spend money and people continue looking for better returns elsewhere. The eventual approval of a spot Bitcoin ETF in the U.S., Europe and perhaps Hong Kong, plus the halving event could push price to a new all-time high at $70,000 in June or July of 2024. Regaining the all-time high by the end of 2024 is when the “real fun starts and the real bull market starts” and Bitcoin enters the “750,0000 to $1 million on the upside.” When asked whether the estimated price level would stick, Hayes agreed that a 70% to 90% drawdown would occur in BTC price, just like it has after each bull market. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

5. Proof of Elapsed Time (PoET) It is important to consider the hardware’s hash rate when selecting the components. Usually, we can measure it through Gh/s, Th/s, or Mh/s. Typically, manufacturers specify the details of the device hashrate or the speed at which the device can perform bitcoin mining calculations. The hashrate required can also be found by examining the current bitcoin difficulty. The calculation of existing difficulty to find a hash can help to determine the device performance. What is Tether (USDT) and How to Buy It?Bitcoin dragged the rest of the crypto market when it climbed above $27,000 at the beginning of Q4 2023. That move breathed new life into the crypto market, injecting some missing volatility. Various altcoins have moved at varying paces over the past few days, and in the past 24 hours, XTZ, ATOM, STX, KLAY, and OKB have topped the gainers’ table on CoinMarketCap. You might also like: Stablecoin market cap down 35% 18 months after Terra collapse

Have an opinion on this story? Share it!