Bybit, a prominent cryptocurrency exchange and trading platform, recently released a report discussing the implications of the upcoming Bitcoin halving event on the supply dynamics of Bitcoin within exchanges in the crypto space. The report sheds light on how the halving event would increase scarcity and significantly influence the price of BTC. One key point
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In the world of cryptocurrency, bold predictions are not uncommon, and recently, a well-known crypto analyst has made an intriguing forecast regarding Bitcoin. Willy Woo, with his extensive background in analyzing the crypto market, has suggested that Bitcoin could potentially reach a staggering price of $650,000. This prediction is based on the growing market for
The recent approval of spot Bitcoin and Ethereum exchange-traded fund applications in Hong Kong has raised hopes for the growth of the local ETF market. However, Bloomberg ETF analyst Eric Balchunas has expressed concerns about the market’s performance compared to the United States. Balchunas predicts that the Hong Kong ETF market may not attract as
A recent analysis conducted by Bybit, a prominent crypto exchange, has raised concerns about a potential shortage of Bitcoin on exchanges by the end of 2024. The report indicates that reserves could be completely depleted within the next nine months if the current withdrawal rates, which are hovering around 7000 BTC per day, continue. This
The recent surge in the price of the new Solana meme coin, Peshi Cat (PESHI), has caught the attention of many investors in the crypto community. In just a short period of time, PESHI has surged by an astonishing 120x, showcasing the potential for massive gains in the volatile world of meme coins. However, upon
The recent price fluctuations in Ethereum have captured the attention of the crypto community as the cryptocurrency dipped to lows of $2,800 on April 12. This downward trend echoes the broader downturn seen in the overall crypto landscape. However, amidst this volatility, Ethereum whales, the large holders of the cryptocurrency, have made strategic moves that
The provincial government of Buenos Aires has taken legal action against Worldcoin for allegedly violating consumer laws with its user agreement. The government claims that the agreement contains abusive clauses that allow Worldcoin to interrupt services without providing repair or reimbursement to users. Additionally, users are required to surrender their rights to collective complaints, with
In the current state of the broader crypto market, the bears have regained control, causing a shift in focus towards on-chain micro-cap markets. This shift is attributed to concerns surrounding the Iran/Israel situation and the impact of strong US economic data. Bitcoin, a significant player in the market, has seen fluctuations in its trading price,
As the fourth Bitcoin Halving event approaches, there has been a lot of speculation surrounding the potential impact on the cryptocurrency market. Lady of Crypto, a respected market analyst and trader, recently shared her insights on the matter. She addressed claims suggesting an early start to the bull cycle due to Bitcoin breaking its all-time
Bitcoin analyst Willy Woo has expressed optimistic price projections for Bitcoin (BTC) in the future. According to his calculations, BTC could reach $91,000 at the bottom of the bear market and $650,000 at the top of the bull cycle with the full deployment of cryptocurrency exchange-traded funds (ETFs). Woo highlighted that asset management firms like
