Cryptocurrency Analysis and Forecast - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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"In aggregate, Ethereum ETPs only attracted a meager plus $0.9 million in net inflows last week despite the debut of these new ETFs. In comparison, net inflows into Bitcoin ETPs amounted to plus $85.4 million last week," Dragosch added. Both CZ’s warning and the parallel alert from the Binance-associated figure serve as a reminder that scammers in the cryptocurrency space are becoming increasingly sophisticated in their tactics. Users are urged to exercise caution, verify the authenticity of communications from cryptocurrency platforms, and remain #SAFU (Secure Asset Fund for Users) by staying informed and vigilant in their crypto interactions.Hong Kong Police Uncover 11 Binance Scam Cases Worth Millions! Cryptocurrency Analysis and ForecastNetwork data shows Polygon losing steam as new competition emerges Read more: Bitcoin NFTs: Everything You Need To Know About Ordinals

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Axos’ high–profile clients extend beyond its crypto dealings. It has acted as the financial institution for Alex Jones, a well-known conspiracy theorist and the face of InfoWars, a brand owned by Jones’ Free Speech Media, which also had accounts at Axos. The bank shut down those accounts in September 2023, citing unauthorized transactions as the reason for this sudden decision. Digital fashion shown via Fabrix AR kiosks. Image: Fabrix USDT to SGD-Tether to Singapore DollarAfter the plan goes into effect, BlockFi will exit bankruptcy, and then start winding down the business. However, the timing is still uncertain due to being dependent on “a few factors, including the Bermuda court, which regulates our international clients, recognizing the US bankruptcy court’s approval of the plan.”Invesco, Galaxy float latest spot ether ETF proposal The most-recent demonstration comes just one day after Meta unveiled its answer to ChatGPT, revealing its newest AI assistant Meta AI, which is integrated across a range of unique chatbots, apps and even smart glasses.

Bankman-Fried’s attorneys submitted a motion to the court late Monday night asking for permission to cross-examine government witness Gary Wang about how attorneys were involved in structuring and issuing loans from Alameda. Mythos Chain surges past Polygon and SolanaSurging NFT trading volume on the gaming-focused Mythos Chain has seen the network surpass Polygon and Solana to become the second-largest blockchain in terms of NFT sales volume over the past 30 days. According to data from CryptoSlam, Mythos Chain has seen $33.5 million worth of NFT sales volume over the past 30 days, marking a 20.31% increase over that time frame. In comparison, Polygon and Solana saw $30.9 million and $27.9 million each, marking declines of 45.50% and 16.77% respectively. Top 10 blockchains by NFT sales volume. Source: CryptoSlamNearly all of the trading volume from Mythos Chain is coming from DMarket, an NFT marketplace that hosts NFTs from a list of games affiliated with Mythical Games, the firm behind the Mythos Chain. One game that may be behind the surge in NFT sales is Nitro Nation World Tour, a Web3 mobile street racing game that officially launched in October. The game is backed by popular DJ Deadmau5. Suit up & rev your engines! ️ The Nitro Nation - World Tour has officially started!Download the game now!Apple: https://t.co/eHp5aMqnxaAndroid: https://t.co/VLXRpDRTpB pic.twitter.com/fClA0z5CST— Nitro Nation World Tour (@NitroNationTour) October 5, 2023 How To Rank For Crypto Keywords (Crypto SEO Guide)2022 was a challenging year for Improbable as the British firm reportedly reduced its headcount by more than 10% to cut losses. Traditional financial giants such as Standard Chartered forecasted Bitcoin price to hit $50,000 by the end of this year and $120,000 by the end of 2024. Analysts believe cooling inflation and monetary policy pivot by central banks including the U.S. Federal Reserve.

Market analysts propose that the crypto domain is emerging as a crucial space for young, tech-adept investors. This sentiment is resonated by Turpin, who suggests that the ETFs, though not a direct conduit for new capital, have a role in shaping investment perceptions. But if that resistance level caves, Shiba Inu’s price could rally toward the $0.00001 range. How to buy ETH in South KoreaThe United States economy seems like it is refusing to be derailed. It added a staggering 336,000 jobs in September, defying most expectations. This achievement becomes all the more remarkable against the backdrop of soaring yields on longer-term Treasury bonds and surging mortgage rates.The message embedded in the job data is crystal clear: the world’s largest economy continues to charge forward, even in the face of aggressive monetary tightening. It’s a testament to the economy’s resilience, and suggests that higher interests are here to stay for an extended period. While this news could send shivers down some spines, particularly for those invested in stocks, it’s crucial to understand the bigger picture. Stocks may appear less enticing when you can secure a 6% return with a savings account, yet we may be reaching an inflection point with bonds. It has to get worse before it gets betterThe bond market has witnessed a historic rout, described by Bank of America Global Research as the “greatest bond bear market of all time.” But the analysis isn’t all doom and gloom — there are hints that the relentless sell off in U.S. Treasuries could come to an end. And if we do indeed see a recovery, it could signal the start of a new bull market for risk assets.Related: Bitcoin ETFs: A $600B tipping point for cryptoTurning to crypto, it’s crucial to recognize that short-term Bitcoin (BTC) price action remains somewhat linked to regulatory decisions, particularly those pertaining to a Bitcoin spot ETF. So far, all of the positive news surrounding spot ETFs has failed to move Bitcoin out of its holding pattern. A green light on this front could unleash substantial inflows into BTC, providing the much-awaited impetus for a resurgence. It would also be remiss not to mention the ongoing FTX saga, which is currently playing out in the courts and damaging crypto’s reputation.United States Federal Funds Effective Rate, 1955-2023. Source: Board of Governors of the Federal Reserve System.But here’s the twist — what may spell bad news for financial markets could be good for the broader economy. The Federal Reserve holds a pivotal role in shaping the path for risk assets, and it has just two more meetings before the end of the year. Should the Fed decide to suspend further rate hikes, it could act as a catalyst, triggering market anticipation of an impending rate cut. This anticipation could, in turn, set the stage for a massive risk-on rally across various asset classes, including cryptocurrencies.Festive revelry could set the tone for 2024The last three months of the year often introduce a heightened Santa rally. After the year we’ve had, it might soften the blow and pave the way for a more palatable 2024. History shows that the market tends to gather momentum during this festive season, with a surge in buying activity and positive sentiment among investors. Among these factors, regulatory decisions regarding spot ETFs and any potential pause in rate hikes, or even a shift in the Fed’s messaging concerning future hikes will be watched closely. So while the cheer from September’s jobs data tends to drive immediate headline moves in the market, it doesn’t necessarily steer the long-term thinking of the Fed.Related: Sky-high interest rates are exactly what the crypto market needsLooking ahead into 2024, we are faced with the prospect of a BTC “halvening” in April, historically a positive event for crypto. However, the broader macroeconomic conditions have signalled some signs of instability. Bitcoin’s ongoing correlation with stock markets adds an extra layer of complexity to the equation. The outcome hinges on the messaging from the Fed — and decisions made by the Securities and Exchange Commission (SEC) regarding spot ETFs. If the macroeconomic backdrop remains uncertain, the Fed may pivot toward rate cuts, potentially altering the trajectory of both traditional and digital asset markets. With hints of a bond market recovery and the prospect of regulatory clarity in the crypto space, we could see brighter days ahead. As we approach the festive season, the potential for a Santa rally rekindles the type of hope and momentum that ignites the crypto market. While some challenges may loom, history teaches us that sometimes, it gets worse before it gets better.Lucas Kiely is chief investment officer of Yield App, where he oversees investment portfolio allocations and leads the expansion of a diversified investment product range. He was previously the chief investment officer at Diginex Asset Management, and a senior trader and managing director at Credit Suisse in Hong Kong, where he managed QIS and Structured Derivatives trading. He was also the head of exotic derivatives at UBS in Australia.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. Blockraise will also support Scotcoin in its innovation and development efforts, providing guidance and feedback on its technical and operational aspects and its future roadmap and goals.

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