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A large increase in demand coupled with lower supply should set the stage for higher prices in 2024, he predicted.
Also among those gazing into next year are Bitwise, VanEck and Hashdex.
The latest price moves in crypto markets in context for Dec. 19, 2023.
ARK offloaded $13M worth of GBTC shares last week.
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.
Bitcoin has pulled back below the $42,000 level, causing almost $16 million in long liquidations.Conversely, major stock indices continued to post gains two days after the Fed’s latest rate pause.
Like it or not, dog tokens are driving big business in the crypto markets.
The U.S. central bank yesterday signaled that far easier monetary policy is in store for 2024.
- 15:15VitaDAO: VDP-159, the VITA cross-chain to Solana network proposal, has been adoptedVitaDAO said in a post on the X platform that VDP-159, the VITA cross-chain to Solana network proposal, has passed.
- 14:44Data: The ETH band whale currently holds a short position in ETH, which has now made a floating profit of 2.45 million US dollarsAccording to on-chain analyst Yu Jing's monitoring, the ETH band giant whale has not yet flattened half of its ETH short positions and is currently floating a profit of 2.45 million USD. In the early morning of the 7th, his ETH shorts were still floating a loss of nearly 5 million USD. With the decline in these two days, he has turned from loss to profit, currently floating a profit of 2.45 million USD (if he hadn't unloaded half of his position yesterday morning, it would now be floating a profit of 4.9 million USD).
- 14:31Analyst: Bitcoin will achieve a target of 1.5 million dollars within 10 yearsCryptocurrency analyst Timothy Peterson suggests that the price of Bitcoin will reach a target of $1.5 million per coin, and should be achieved within ten years. Timothy Peterson cited his own model, using network expansion as the core proposition for Bitcoin's future value. He predicts that in the mid-term of the next decade, BTC/USD trading prices will increase 15 times. (Cointelegraph)