In Brief One analyst via X predicts that Solana’s price could rally toward $290 before November 2024 ends. The Sharpe ratio shows that SOL offers a good risk to reward ratio with traders holding bullish positions. Another analyst suggests that the SOL/BTC uptrend could slow and this could drawdown Solana’s price. Solana (SOL) recorded an impressive…
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In Brief Bitwise updates S-1 filing with the SEC, including a six-month fee waiver plan. Market analysts predict a possible July 15 launch for the spot Ethereum ETF. The SEC review and approval are key to the ETF’s expected market entry. Asset manager Bitwise recently updated its S-1 filing for its spot Ethereum exchange-traded fund…
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In Brief Bitcoin’s future hinges on macroeconomic factors, with scenarios ranging from $30,000 to $60,000. Analysts predict either significant corrections or consolidation phases for Bitcoin and altcoins. Sentiment and key price levels play a crucial role in market direction, say industry experts. The cryptocurrency market has experienced significant turbulence recently, raising questions about the longevity…
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In Brief Analysts raise spot Ethereum ETF approval odds to 75%. SEC’s move to update filings ignites industry anticipation. ETH price jumps 19.98% following the analysts’ prediction. Analysts have increased their odds of spot Ethereum exchange-traded fund (ETF) approval. This shift in sentiment comes amid renewed optimism about regulatory approval from the US Securities and…
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JPMorgan analysts believe MicroStrategy’s debt-funding approach to Bitcoin purchases could worsen a market downturn. MicroStrategy could raise as much as $600 million from its latest convertible debt offering to purchase more Bitcoin. However, JPMorgan analysts have reportedly cautioned that the firm’s reliance on debt to purchase Bitcoin could exacerbate a market downturn. The firm, led by BTC advocate Michael Saylor, has acquired over…
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Industry experts believe the odds of an Ethereum ETF securing approval in May have fallen significantly due to a lack of activity among relevant parties. In a recent shift of perspective, Bloomberg analysts have significantly lowered the forecast for the approval of a spot Ethereum exchange-traded fund (ETF) by May — setting the probability at a mere…
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Briefly as the stablecoin market surges by $9 billion, analysts anticipate a bull market, indicating renewed strength and investor confidence. A BitGet study also reveals that investors are highly optimistic about the cryptocurrency market’s positive impact of the Bitcoin halving. Additionally, observers believe that the newly launched Bitcoin ETFs will have a larger, long-term positive…
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In short Experts express trust in Charles Schwab’s support in the Bitcoin ETF race, expecting an early passage. Nate Geraci immovably expresses that a Bitcoin ETF send off by Charles Schwab soon is inescapable. Gary Gensler, Chair of the SEC, has made it clear that he does not endorse Bitcoin and emphasizes that his approval…
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To sum things up Cardano (ADA) breaks liberated from a months-in length exchanging a reach, flagging a bullish pattern with no ongoing shortcoming, yet a pullback is conceivable. Experts and financial backers estimate ADA cost could hit $0.42 this week, with key opposition levels at $0.35 and $0.38 as markers for a possible breakout. Specialized…
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