#2024 Ethereum ETF

[kripto-parahaber]

Ethereum ve AI tokenler yükseliyor: Yükseliş kalıcı olacak mı?

Ethereum Haberleri: 14 Ağustos Çarşamba günü kripto para piyasa değeri yüzde 2’lik bir yükseliş sergiledi. Bitcoin yeniden 60 bin dolara çıkarken altcoinler minimal seviyelerde toparlama gösterdi. İkinci büyük altcoin Ethereum ise yüzde 3’ün üzerinde bir artış yaşadı ve ETF girişlerindeki artışla yatırımcı arasında iyimser bir hava yarattı. Meme coin sektörü ise yatay bir hareket izlerken AI…

[leadvalets]

2024 Ethereum Price Forecast: What Crypto Investors Need to Know

In the fast-paced world of cryptocurrency, Ethereum stands out as one of the most popular and promising assets. As we look ahead to 2024, investors are keen to understand what the future holds for Ethereum’s price and how they can capitalize on potential opportunities while managing risks effectively. Understanding Ethereum: A Brief Overview Ethereum, a decentralized platform that enables smart…

[cryptonewspod]

Top 5 Altcoins for the Next Bull Run - 100x Growth in March 2024!

2024 could see a big rise in altcoins during the crypto bull run! This year is going to be very exciting for cryptocurrency fans. Recent events like Bitcoin halving and Ethereum ETF will shake the cryptocurrency market, and experts seem quite excited about this. YouTuber Brian Jung recently released a video in which he talks about the Top 5 Altcoins and also reveals that this is going to be a…

[dencyemily]

A surge in altcoins is predicted by a crypto analyst while Bitcoin remains stable

The 2024 crypto bull run signifies a pivotal moment in the crypto realm as altcoins position themselves for a notable performance, challenging the historical dominance of Bitcoin. Insights gleaned from a recent video by The Fomo Factory indicate a discernible shift in the cryptocurrency landscape towards altcoins, suggesting an evolving narrative. While Bitcoin has long been the vanguard in the crypto world, analysts are optimistic about the promising trajectory of the altcoin market in the upcoming year.

Despite Bitcoin's stability maintaining a foothold around the $42,000 mark, recent volatility stemming from ETF-related news necessitates a closer examination. The critical resistance zone, spanning from $40,000 to $43,000, hints at a potential period of sideways movement, prompting analysts to explore various scenarios. These scenarios include the potential for Bitcoin to surge to higher prices upon overcoming resistance or experiencing a dip to $37,000 if support weakens.

The spotlight now shifts decisively to altcoins, with Ethereum's ETFs sparking significant excitement and creating ripples throughout the broader cryptocurrency market. The market capitalization, fluctuating between $1.5 trillion and $1.7 trillion, presents a landscape teeming with challenges and opportunities. Analysts advocate for a strategic departure from Bitcoin towards altcoins, proposing that converting Bitcoin into altcoins, rather than relying on traditional fiat currency, may present more favorable prospects.

Highlighting specific altcoins like AVAX, Beam, IMX, Forge, and Quant, attention is drawn to their unique characteristics and potential. While some have experienced noteworthy gains, others are positioned as secure investment choices, placing emphasis on stability over the allure of extraordinary returns. As the crypto market undergoes further evolution, investors closely track these altcoins and emerging themes, anticipating significant gains in the months ahead. With the potential for altcoins to potentially outshine Bitcoin in 2024, the cryptocurrency community anticipates a year filled with dynamism and excitement.

[tpraize]

BEST MEME TOKENS TO LOOK OUT FOR THIS YEAR

With the euphoria setting in on a daily basis since the new of ETF approval hit the Internet on top of other aspects of information relating to the massive bull run experience anticipated by all crypto enthusiast. It is important to take note of the viable crypto meme tokens to be aware of. With my knowledge of the the happenings in the crypto industry and years of trading, my team and I having…

[888saint]

There's no question that Shiba Inu (CRYPTO: SHIB) had an incredible run in 2021.

The dog-themed cryptocurrency jumped from $0.000000000133 (nine zeros) at the end of 2020 to $0.000033 (four zeros) at the end of 2021, skyrocketing around 26,000,000% as major cryptocurrency exchanges allowed trading in SHIB and meme coins remained popular after the earlier rise of Dogecoin (CRYPTO: DOGE).

After the meme coin shaved off five decimal zeros from its price, some are calling for the coin to eventually reach $1. From its current price of $0.000021, that would mark a gain of roughly 4,700,000%. Considering how far Shiba Inu has already come, it may seem realistic for the coin to gain another 4,700,000%, but basic math is standing in the way.

Shiba Inu trades for such a small fraction of a penny because its supply is so large. There's currently a supply of 549 trillion SHIB tokens in circulation, giving it a market cap of around $11 billion. If those tokens were worth $1 each, SHIB's market cap would be $549 trillion, roughly 200 times bigger than Apple, the world's most valuable company, and more than six times the world's annual GDP.

In other words, Shiba Inu reaching $1 would likely require a massive reordering of the world economy. That's not going to happen. However, there is a caveat.

The only way SHIB can reach $1

There are two ways for Shiba Inu's value to increase. One is that traders simply bid up the price. The other is for the supply to decrease, which should make the remaining coins more valuable. In order for this to happen, the coins have to be taken out of circulation, or burned, as traders usually call it, by being transferred to dead wallets.

It's not unusual for this to happen. In fact, according to Shibburn, a website that tracks the burning of Shiba Inu coins, 410 trillion Shiba Inu coins have already been burnt. Nearly all of those coins were taken out of circulation by Vitalik Buterin, the co-founder of Ethereum (CRYPTO: ETH) who was gifted half of the 1 quadrillion Shiba Inu coin supply by the anonymous Shiba Inu founder. Buterin did so because he felt uncomfortable controlling so much of the supply of the cryptocurrency.

According to Shibburn, at the time of writing, 62 million Shiba Inu coins had been burned in the last 24 hours. While that might sound like a lot, at that rate it would take a little more than two weeks to burn 1 billion coins, and 40 years to burn 1 trillion. The burn could accelerate if there were an organized movement among SHIB holders, which could pick up steam if the value of SHIB continues to drop. However, there's a clear disincentive to burning the coins. If the value begins going up, it's in the interest of holders to keep their coins rather than burn them, and the decentralized nature of cryptocurrency makes it unlikely that there will be an organized movement powerful enough to substantially reduce the number of coins.

What's next for Shiba Inu

Since its peak at $0.88 at the end of October (2022?), Shiba Inu has lost more than 75% of its value, and other cryptocurrencies have fallen sharply as well. Bitcoin (CRYPTO: BTC) is down nearly 50% from its all-time high, as is Ethereum. Cryptocurrencies have tumbled amid broader jitters in the stock market over rising interest rates.

It's impossible to predict where the crypto currency market will go next, but the most highly inflated assets during the pandemic have already fallen sharply.

At this point, another Shiba Inu rally seems unlikely, and reaching $1 is nearly impossible.

Source:

https://www.nasdaq.com/articles/the-only-way-shiba-inu-will-ever-reach-$1

After October 22

Bitcoin Futures at the CME

ETF funds for Bitcoin

Crypto companies (stocks tend to gain as Bitcoin gains)

Cryptocurrency brokers sell derivatives

What’s next?

Coinbase announced AI 🤖 bot and how to create your own trading bot in 3 minutes using artificial intelligence

Price of Shiba at the time of this post (1:55am 10/30/2024)

0.00001910

Newark NJ

[stockreviews]

Spot Bitcoin ETFs Return to Positive Performance with $308 Million Inflows

The recent data from SoSoValue highlights a significant shift in the performance of US-based spot Bitcoin ETFs. After a challenging start to the fourth quarter of 2024, these financial products experienced net inflows exceeding $300 million in the past week. This marks a return to positive momentum, despite the market's earlier bearish stance. In contrast, spot Ethereum ETFs continue to struggle, maintaining a negative trend despite witnessing reduced net outflows.

Rebound in Spot Bitcoin ETFs: A Closer Look at the Inflows

Spot Bitcoin ETFs Break Declining Streak with $254 Million Inflows

At the start of October, the market for spot Bitcoin ETFs faced substantial challenges, recording net outflows of $300 million during the first week. However, by Monday, October 7, the market saw a strong reversal, as net inflows reached $236.19 million, signaling renewed investor interest in these funds.

Despite this promising start, the following three days (October 8-10) brought a downturn, with cumulative outflows of $179.98 million, once again raising concerns about the market’s direction. Yet, the situation shifted dramatically by the end of the week. On Friday, October 12, spot Bitcoin ETFs recorded an impressive inflow of $253.54 million, marking the highest single-day investment in over two weeks.

Much of this inflow was attributed to Fidelity’s FBTC, which alone attracted $117.10 million in new capital. Other prominent ETFs also contributed significantly to this positive trend. Ark & 21 Shares ARKB brought in $97.58 million, while Bitwise’s BITB captured $38.81 million in investor funds. Meanwhile, VanEck’s HODL and Invesco’s BTCO also secured notable inflows of $14.26 million and $7.88 million, respectively.

Not all funds saw gains, however. BlackRock’s IBIT ETF, which holds a dominant position in the market, registered zero inflows, and Grayscale’s GBTC reported a net outflow of $22.09 million, reflecting investor sentiment shifts.

Impact on Bitcoin ETF Market and Assets

As a result of these substantial inflows, the total net assets in the spot Bitcoin ETF market have grown to $58.66 billion. This figure represents 4.71% of Bitcoin's total market capitalization. BlackRock’s IBIT continues to dominate, accounting for roughly 40% of the assets under management in this market. It holds 369,640.1 BTC, valued at approximately $23.30 billion.

Grayscale’s GBTC, once the largest Bitcoin spot ETF with a holding of 600,000 BTC, now holds a reduced position. With significant outflows amounting to $20.19 billion, GBTC’s total holdings have fallen to 220,177.5 BTC, valued at $13.85 billion. This shift places GBTC as the second-largest Bitcoin ETF by assets.

Performance of Key Spot Bitcoin ETFs

Fidelity’s FBTC: With $117.10 million in inflows, this ETF led the pack in the past week. It remains one of the most attractive investment vehicles in the spot Bitcoin ETF market, benefiting from strong investor confidence.

Ark & 21 Shares ARKB: This ETF witnessed $97.58 million in inflows, further solidifying its position as a key player in the Bitcoin ETF market.

Bitwise’s BITB: Bringing in $38.81 million, Bitwise has continued to garner interest from investors looking to capitalize on Bitcoin’s potential.

VanEck’s HODL and Invesco’s BTCO: While these ETFs did not attract as much capital as the top three, they still saw notable inflows, contributing to the broader positive trend in the market.

Ethereum ETFs Struggle to Gain Momentum

In stark contrast to the performance of Bitcoin ETFs, the spot Ethereum ETF market has been unable to reverse its negative trajectory. Over the past week, these funds recorded net outflows of $5.22 million. Although this figure is an improvement compared to the previous week’s outflows of $25.47 million, it still marks the 10th week of losses out of the last 12 trading weeks for spot Ethereum ETFs.

Interestingly, despite the general trend of outflows, there was one day of positive inflows during the week. On a single day, spot Ethereum ETFs attracted $3.06 million, offering a glimmer of hope for investors. However, this was not enough to offset the ongoing losses.

Ethereum ETFs' Ongoing Struggles and Market Implications

The cumulative net outflows in the spot Ethereum ETF market now stand at a staggering $558.88 million, reflecting a sustained lack of investor confidence. This trend contrasts sharply with the spot Bitcoin ETF market, which has shown resilience and growth in recent weeks. The total value traded in the Ethereum ETF market is currently $143.54 million, far below the levels seen in Bitcoin-related funds.

At the time of writing, Ethereum is trading at $2,459, representing a modest 0.78% gain in the past 24 hours. Bitcoin, on the other hand, remains priced at $62,725, following a 0.22% increase during the same period.

Why Ethereum ETFs Lag Behind

Several factors contribute to the continued underperformance of Ethereum ETFs. The broader Ethereum market has faced a series of challenges, including heightened competition from Layer 2 scaling solutions and other blockchain networks. Additionally, investor sentiment toward Ethereum has been dampened by concerns over its regulatory status and the potential for stricter government oversight in the future.

Moreover, the Ethereum ETF market has not yet attracted the same level of institutional interest as Bitcoin ETFs, which benefit from a more established presence in traditional financial markets. As a result, Ethereum ETFs have struggled to maintain positive momentum, with many investors opting for other investment vehicles or moving capital into Bitcoin-related products.

Outlook for Bitcoin and Ethereum ETFs

The recent inflows into spot Bitcoin ETFs suggest that these financial products are regaining favor among investors, even in the face of broader market volatility. With total net assets in the spot Bitcoin ETF market surpassing $58 billion, there is a clear indication that institutional and retail investors alike continue to view Bitcoin as a valuable asset within their portfolios.

Looking ahead, the key question remains whether Bitcoin ETFs can sustain this positive momentum. With increasing regulatory clarity and growing acceptance of Bitcoin as a legitimate asset class, the outlook for spot Bitcoin ETFs appears promising. However, market volatility and macroeconomic factors will likely continue to play a significant role in shaping investor behavior.

In contrast, the future of spot Ethereum ETFs remains uncertain. While Ethereum itself continues to be a dominant player in the blockchain space, its ETF products have not yet managed to capture the same level of interest as their Bitcoin counterparts. Until there is a shift in market sentiment or a significant improvement in the performance of Ethereum ETFs, these funds may continue to lag behind Bitcoin in terms of returns and investor inflows.

Conclusion: A Tale of Two ETFs

The performance of spot Bitcoin and Ethereum ETFs over the past week provides a stark contrast. While Bitcoin ETFs have seen a return to positive inflows, benefiting from renewed investor confidence, Ethereum ETFs remain in a state of flux, grappling with ongoing outflows and negative returns. As the market evolves, investors will need to closely monitor both products to identify potential opportunities and risks.

[cryptonewscentral]

🚀 The crypto market is on the brink of a major boom! 🌟 Discover why analysts believe a Trump victory in 2024 could skyrocket Bitcoin and Solana to new heights. 📈 Dive into the latest insights and prepare for a thrilling ride in the world of digital assets. Don't miss out!

[unpluggedfinancial]

How I Think BTC is Going to Reach a New ATH This Week

Bitcoin (BTC) has seen its fair share of ups and downs, but recent events suggest that we might be on the brink of an unprecedented surge. I believe Bitcoin is poised to reach a new all-time high (ATH) this week, driven by significant political endorsements, strategic financial moves, and bullish market responses. Here's a look at the key events propelling Bitcoin to new heights.

Recent Events Driving Bitcoin's Surge

1. Donald Trump's Keynote:

Former United States President Donald Trump made a groundbreaking announcement at the Bitcoin 2024 conference in Nashville. In his keynote address, Trump promised to make the United States the "crypto capital of the world." He unveiled plans to create a national Bitcoin stockpile, turning the cryptocurrency into a "permanent national asset."

This bold promise has triggered bullish responses from top crypto analysts. Many predict that Trump's electoral promises could lead to a tenfold increase in Bitcoin's price. Trump's endorsement is not just a political statement; it's a game-changer for the perception and adoption of Bitcoin in the mainstream financial world.

2. Robert F. Kennedy Jr.'s Statement:

Adding to the momentum, presidential candidate Robert F. Kennedy Jr. revealed that the U.S. government has seized over 200,000 BTC, valued at approximately $13 billion, through law enforcement agencies. RFK Jr. described Bitcoin as a currency of hope, emphasizing its potential for optimism, democracy, transparency, freedom, and independence.

Kennedy hinted at signing an executive order to build up the U.S. strategic BTC reserve. Under his administration, the U.S. Treasury would purchase 550 bitcoins daily, aiming for a target of 4 million BTC. This plan underscores a growing recognition of Bitcoin's value and its strategic importance to national reserves.

3. Cynthia Lummis's Proposal:

Senator Cynthia Lummis has long been a proponent of Bitcoin, and her latest proposal further cements her support. Lummis suggests treating Bitcoin like gold or oil to bolster the U.S. economy. Her plan involves building a secure network of Bitcoin vaults run by the Treasury, with the aim of acquiring 1 million Bitcoins—about 5% of all existing Bitcoins.

Funding for this acquisition would come from reshuffling existing Federal Reserve and Treasury funds. Lummis emphasizes that this initiative would not infringe on personal Bitcoin holdings, protecting users' rights while strengthening national reserves. Her ongoing efforts, including the Cynthia-Gillibrand Responsible Financial Innovation Act, aim to balance stringent regulations with support for innovation.

4. ETF Approvals and Performance:

In addition to these political endorsements, the approval of the Ethereum ETF has set a precedent for the crypto market. The Bitcoin ETF is also performing exceptionally well, attracting increased institutional interest and investment. This institutional support is crucial for Bitcoin's sustained growth and stability.

The Bigger Picture

These events collectively create a perfect storm for Bitcoin's price surge. The strategic acquisitions by the U.S. government, coupled with strong institutional interest, provide a solid foundation for Bitcoin's value to skyrocket. The recognition of Bitcoin as a mainstream asset by influential political figures further legitimizes its role in the global economy.

Conclusion

With the convergence of these significant developments, I am confident that Bitcoin is on the verge of reaching a new all-time high this week. The bullish sentiment from key political figures, coupled with strategic financial moves and institutional support, sets the stage for an unprecedented price surge.

Call to Action

What are your thoughts on Bitcoin's trajectory? Do you agree with my prediction? Share your thoughts and predictions in the comments below. For more updates and insights on Bitcoin and the financial revolution, follow my blog and social media channels. Let's stay informed and navigate this exciting journey together!

Take Action Towards Financial Independence

If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

🌐 Blog: Unplugged Financial Blog Stay updated with insightful articles, detailed analyses, and practical advice on navigating the evolving financial landscape. Learn about the history of money, the flaws in our current financial systems, and how Bitcoin can offer a path to a more secure and independent financial future.

📺 YouTube Channel: Unplugged Financial Subscribe to our YouTube channel for engaging video content that breaks down complex financial topics into easy-to-understand segments. From in-depth discussions on monetary policies to the latest trends in cryptocurrency, our videos will equip you with the knowledge you need to make informed financial decisions.

👍 Like, subscribe, and hit the notification bell to stay updated with our latest content. Whether you're a seasoned investor, a curious newcomer, or someone concerned about the future of your financial health, our community is here to support you on your journey to financial independence.

[blockinsider]

Bitcoin (BTC) Hits Record High of $76.9K after Massive Cash Inflow from BlackRock’s IBIT

Key Points

Bitcoin (BTC) reaches a new all-time high of $76,872 following a surge in institutional demand.

US spot Bitcoin ETFs report record inflows, with BlackRock’s IBIT leading with a net cash inflow of $1.12 billion.

Bitcoin’s price has been on a steady upward trajectory, reaching a new all-time high of around $76,872. This surge occurred following the US election, where pro-crypto candidates, including President-elect Donald Trump, emerged victorious.

The flagship cryptocurrency experienced a 2 percent increase in the last 24 hours, peaking at $76,872 before settling around $76,000 on Friday, November 8, 2024.

Cryptocurrency Volatility and Rate Cuts

In the midst of this, over $250 million was liquidated from the leveraged market. The volatility in the cryptocurrency market is predicted to rise over the weekend due to a recent increase in FOMO traders.

The Federal Reserve and the Bank of England both made rate cuts of 25 bps, now standing at 4.75 percent. This confirms the anticipated surge in global liquidity.

Record Inflows in US Spot Bitcoin ETFs

Data from SoSoValue reveals that US spot Bitcoin ETFs experienced their highest cash inflows since inception, totaling about $1.38 billion. BlackRock’s IBIT led the pack, with a net cash inflow of around $1.12 billion.

Following this, BlackRock’s IBIT now holds 432,674 Bitcoins, valued at over $34 billion. Fidelity’s FBTC came in second with a net cash inflow of about $190 million, holding Bitcoins worth more than $14.5 billion.

Interestingly, no US spot Bitcoin ETF issuers reported a net cash outflow on Thursday, indicating a significant increase in institutional demand. The total assets held by US spot Bitcoin ETFs are nearly $79 billion, a figure that is expected to keep rising.

The US government, facing a balloing debt crisis, is projected to accumulate 1 million Bitcoins in the next five years. Other nations, led by El Salvador, are also gradually accumulating more Bitcoins for similar reasons.

Future Prospects

Bitcoin’s price has consistently closed above the March 2024 peak of about $73.7k, indicating that the bulls are in control. If BTC price manages to close above $74k in the weekly time frame, the next major target will be a six-figure, potentially before the end of this year or early 2025.

The altcoin market is also gaining bullish momentum, as evidenced by the notable rebound of Solana, Dogecoin, and Ethereum, among others. Bitcoin dominance has reached a major psychological resistance level of around 60 percent, and a retrace could lead to the onset of the much-anticipated altseason.

[kripto-parahaber]

Michaël van de Poppe altcoin tahminlerini açıklıyor: Ethereum, Bitcoin'i geride bırakırken öne çıkan altcoinler...

Haftaya düşüş eğilimiyle başlayan kripto para piyasası, günün erken saatlerinde geçen haftalarda Bitcoin ETF’lerinin onayı ile kazandığı iyimserliği kaybetti. Özellikle Korku ve Açgözlülük endeksi, son 3 ayın en düşük seviyelerini görerek yeşil bölgeden nötr seviyeye geriledi. Bu durum yatırımcıların temkinli davrandıklarını gösteriyor. Piyasa bu ruh hâlini yaşarken ünlü kripto para analisti…

[cryptogirl2024]

Ethereum (ETH) is gaining bullish traction, with analysts eyeing a potential flip of the $3,300 level to reinforce its path toward a new all-time high (ATH). Currently priced at $3,134.31 (per Coinmarketcap), ETH’s trendline support has held strong since mid-2022, signifying persistent buying interest. CryptoCapo notes that a successful retest of $3,300 could fuel further gains, while a pullback would rely on key support at $3,147.57, with a broader support zone between $2,204.13 and $2,500 marking possible ‘bullish invalidation.’

In the ETH/BTC pair, support is around 0.042 BTC and resistance near 0.058 BTC, with recent price action testing a mid-range level. Upcoming ETF approval decisions for ETH, expected by May 23, 2024, could heavily influence market sentiment and play a pivotal role in ETH’s journey towards surpassing resistance at $4,897.61.

[dayppx-1]

DAYPPX: Outlook for the Crypto Market Amid Fed Rate Cut Expectations; Analyzing the Link Between Major Cryptocurrencies and Macroeconomics

The cryptocurrency market continues to exhibit robust growth, with the influences of macroeconomic conditions and global political dynamics becoming increasingly significant. Bitcoin and Ethereum, the leading cryptocurrencies, remain the focal points for investors, while a growing influx of capital is directed toward decentralized finance (DeFi) and decentralized applications (dApps). Global economic recovery, strong performance in the U.S. labor market, and the impending interest rate cuts from the Federal Reserve further enhance the vibrancy and appeal of the cryptocurrency market. Concurrently, the involvement of private wealth management firms, political voting blocs, and institutional investors continues to shape the dynamic changes within the crypto market in the coming months.

DAYPPX: Key Resistance Levels and Future Outlook for Bitcoin Market

As the frontrunner of the cryptocurrency market, Bitcoin is showcasing a formidable market dominance in 2024. Currently, its price is less than 8% away from its all-time high of $73,800. Market predictions indicate that Bitcoin will face significant resistance at the imminent $70,000 mark. DAYPPX posits that a breakthrough at this price point could trigger a new wave of market upsurge, whereas failure to surpass it may lead to a short-term market correction. From a technical perspective, the 200-day moving average (MA) and the 200-day exponential moving average (EMA) provide substantial support for Bitcoin, enabling it to maintain relative stability amid forthcoming market fluctuations.

DAYPPX notes that 95% of circulating Bitcoins are currently in profit, which typically signals that the market may be nearing a peak. Historically, when the majority of holders are in profit, it often coincides with increased selling pressure, resulting in short-term price corrections. Furthermore, recent Bitcoin whale activity has reached a ten-week high, with such large transactions frequently indicating potential significant shifts in market behavior, heightening the risk of volatility and price pullbacks.

DAYPPX states that the rising discourse surrounding Bitcoin on social media has also been noteworthy, accounting for 25% of all cryptocurrency-related discussions. This heightened attention typically accompanies further market volatility, suggesting that participant interest and actions regarding Bitcoin may intensify in the short term, exacerbating price instability.

Currently, the ongoing inflow into Bitcoin spot ETFs signals strong institutional confidence in the long-term prospects of Bitcoin. The market anticipates that the dominance of Bitcoin will further ascend to 60% between September and December 2024, underscoring its irreplaceable role in the global cryptocurrency landscape. DAYPPX asserts that as a core asset in the market, Bitcoin will continue to dictate the trajectory of the cryptocurrency market in the future, remaining a key driver of the entire crypto ecosystem through both technical support and market behavior.

DAYPPX: Diversification of Major Cryptocurrencies and Technological Challenges

DAYPPX states that beyond Bitcoin, other major cryptocurrencies are charting unique developmental paths and facing technological challenges in 2024. Ethereum (ETH), with a market capitalization of $313.83 billion, continues to dominate the DeFi and dApps sectors. Its smart contract capabilities render it an essential infrastructure for global developers, though scalability issues remain pronounced. As network congestion increases, Ethereum frequently faces high transaction fees, prompting Layer 2 solutions to become vital for enhancing transaction speed and reducing costs. DAYPPX believes that despite these challenges, Ethereum remains the central driving force for decentralized applications, consistently attracting global developers and investors.

Cardano (ADA), valued at $12.60 billion, is renowned for its scalable and secure technological innovations. DAYPPX highlights that the proof-of-stake (PoS) algorithm of Cardano reduces energy consumption while ensuring the security and reliability of smart contracts through its use of the Haskell programming language. The design philosophy of Cardano aims to provide a secure and scalable infrastructure for future decentralized applications, positioning it favorably in the pursuit of greener and more efficient blockchain solutions.

Avalanche (AVAX), recognized for its high-speed transaction processing capabilities, has gained significant traction in the market, with a market cap of $12.02 billion. DAYPPX points out that its versatility lies in supporting both decentralized applications and robust staking and payment functionalities. The efficient transaction system of Avalanche attracts numerous developers, leading to widespread adoption in DeFi and other application areas.

In contrast, meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB), while lacking traditional technological innovations and inherent value, maintain stable market shares due to their highly active communities and market recognition. Dogecoin, with a market cap of $16.77 billion, primarily relies on celebrity endorsements and social media momentum, whereas Shiba Inu, valued at $10.79 billion, continues to sustain market demand through its strong community base and brand expansion initiatives. DAYPPX notes that despite the practical shortcomings of these meme coins, their market visibility and community support provide momentum for ongoing development.

DAYPPX: The Interlinked Impact of Macroeconomic Factors on the Crypto Market

DAYPPX asserts that the evolution of the global cryptocurrency market is not only driven by internal technological innovations and market demands but is also closely intertwined with macroeconomic policies and global market dynamics. Goldman Sachs forecasts that from November 2024 to June 2025, the Federal Reserve will gradually reduce interest rates, cutting 25 basis points at a time, ultimately lowering the federal funds rate to between 3.25% and 3.5%. DAYPPX indicates that this anticipated easing of monetary policy will have profound implications for the cryptocurrency market, as a lower interest rate environment typically encourages investors to shift their focus to higher-risk assets, such as cryptocurrencies. The declining returns on traditional financial assets compel capital to flow into sectors with greater growth potential, positioning the cryptocurrency market for significant investment growth during this period.

Additionally, the robust performance of the U.S. economy further alleviates concerns about a potential recession. In September 2024, the U.S. added 254,000 jobs, vastly exceeding the Wall Street expectation of 147,000, with the unemployment rate dropping to 4.1%. DAYPPX believes that this positive employment data not only indicates ongoing economic recovery but also bolsters market confidence in future economic stability. Such enhanced economic stability provides a solid foundation for the investment environment of the cryptocurrency market, particularly when the global economy is performing well, as investors are more inclined to allocate funds toward high-potential emerging markets like cryptocurrencies.

DAYPPX asserts that the impact of cryptocurrencies on the upcoming U.S. elections is becoming increasingly pronounced. Surveys indicate that approximately 26 million American voters belong to the "crypto voting bloc," with 16% of respondents indicating they would support candidates who adopt favorable cryptocurrency policies. The significance of cryptocurrency policy among voters from both major political parties is noteworthy, with 25% of Democratic voters and 21% of Republican voters explicitly stating that such policies will influence their voting decisions. This underscores that cryptocurrencies are not only integral to the economic landscape but are also gaining substantial political attention and influence.

[tradmais]

A Monochrome Asset Management fez histór... https://tradeemais.com/monochrome-asset-management-lanca-o-1o-etf-spot-ether-na-australia?feed_id=6283&_unique_id=6711c9c8ca730

[bitcoinversus]

South Korea Forms Committee to Review Bitcoin ETFs

South Korea’s Financial Services Commission (FSC) has taken a significant step towards approving spot cryptocurrency exchange-traded funds (ETFs), officially announcing the formation of a Virtual Asset Committee on October 10, 2024. The committee, composed of public and private sector experts, will act as an advisory body to review and approve Bitcoin and Ethereum spot ETFs, alongside addressing…

[scienza-magia]

Aumenta la tassazione sugli asset digitali

Bitcoin e criptovalute, la stangata del governo. Sorpresa amara in manovra: la tassazione sulle plusvalenze passa dal 26% al 42%. Il governo si muove perché, come certifica Oam, da alcuni mesi gli italiani hanno iniziato a vendere le monete digitali. Brutte sorprese in arrivo per chi possiede bitcoin e criptovalute. Nel progetto di manovra finanziaria 2025, il governo ha annunciato di voler alzare al 42% la ritenuta da pagare sulla plusvalenza generata dalla vendita di bitcoin e token vari. Una vera stangata: l’aliquota attuale da versare in caso di plusvalenze superiori ai 2mila euro è del 26%, l’aumento che scatta dal primo gennaio 2025 per l’imposta sostitutiva è quindi del 61%. Probabilmente un record per il regime fiscale italiano. A scagliare il fulmine a cielo relativamente sereno è stato il viceministro dell’Economia, Maurizio Leo: “Un tema importante riguarda le plusvalenze da bitcoin” per cui "prevediamo un aumento della ritenuta dal 26% al 42%”, ha detto il numero due di via XX Settembre presentando la manovra in conferenza stampa. Cosa cambia Quello delle criptovalute non era affatto un regime fiscale di vantaggio. Da quando con la legge di bilancio del 2023 si è deciso di mettere le cripto nel mirino del fisco, le plusvalenze sono state tassate al 26% come le altre rendite finanziarie (a partire dai sempre più ricchi dividendi delle società quotate o dalle obbligazioni emesse dai privati). Unica eccezione nel panorama fiscale italiano sono i titoli di Stato che beneficiano - e continueranno a beneficiare - di una fiscalità di assoluto vantaggio: si paga solo il 12,5% per i rendimenti incassati dai bond pubblici, per la sola ragione che investendo in titoli di Stato si sostiene la spesa governativa. La disparità di trattamento è evidente, con le criptovalute che diventano l'asset più caro sul panorama finanziario italiano. “L’imposta sostitutiva al 42% prevista per il 2025 sarebbe fiscalmente discriminatoria e quindi iniqua, probabilmente anche incostituzionale”, ha tuonato Ferdinando Ametrano, amministratore delegato di CheckSig e tra i più grandi esperti italiani di valute digitali.

“Come tutte le idee mal concepite, avrebbe l'effetto dannoso di far fuggire i capitali cripto dall'Italia, creando distorsioni di mercato e inducendo gli investitori a realizzare il capital gain entro la fine del 2024”, con un “danno per l'industria italiana che fornisce servizi in ambito cripto enorme”, ha aggiunto. “Forte preoccupazione” anche da Gianluca Sommariva, amministratore delegato e co-fondatore di Hodlie, piattaforma italiana di gestione attiva di criptovalute tramite intelligenza artificiale. “Un aumento della tassazione al 42% sulle plusvalenze rappresenterebbe un duro colpo, specialmente per i piccoli investitori, che si troverebbero a dover affrontare una delle tassazioni più alte a livello globale”, ha detto il manager. Sommariva ha poi evidenziato che chi compra criptovalute attraverso gli Etf che replicano l'andamento di bitcoin e ethereum, sempre più popolari anche in Italia, potrebbe “eludere il problema” visto che “continuerebbero ad essere tassati al 26%”. Perché il governo alza ora l'aliquota La scelta del governo di colpire i possessori di criptovalute non arriva in un momento casuale: dopo il rally delle cripto degli ultimi mesi, con il bitcoin che ha aggiornato i suoi massimi oltre i 73mila dollari, anche gli investitori italiani hanno cominciato a monetizzare i loro investimenti e a vendere gli asset digitali. Lo conferma l’Oam, l’organismo agenti e mediatori che tiene conto dei broker attivi nel Paese: alla fine del secondo trimestre del 2024, ha spiegato l'organismo solo pochi giorni fa, sono 1,3 milioni gli italiani che possiedono token nei loro portafogli digitali, per un controvalore complessivo degli asset di 2,2 miliardi di euro, in calo del 22% rispetto al trimestre precedente (quando si era a 2,7 miliardi). L’organismo dettaglia anche le operazioni effettuate nel corso dell'anno: sommando i dati trimestrali emerge che fino a giugno sono state comprate valute digitali per 1,76 miliardi di euro, mentre sono state vendute criptovalute per più di 3,5 miliardi di euro. Da qualche mese, insomma, in Italia si vendono più cripto di quante ne vengono acquistate e, anche se non per ogni operazione scatta la plusvalenza, il governo ha pensato bene di piazzare la sua scommessa. Del resto, Consob ha rivelato che il 38% degli investitori in criptovalute mantiene i propri asset per 3-5 anni: se chi ha comprato bitcoin nel 2022, nel pieno del crypto winter, dovesse decidere di vendere il prossimo anno (tre anni dopo, in effetti) la plusvalenza non sarebbe affatto male. Un cittadino italiano che ha comprato un intero bitcoin a gennaio 2022 a 33mila euro lo potrebbe vendere ora a più di 61mila euro: se lo facesse entro dicembre pagherebbe 7.280 euro, mentre già il primo gennaio il conto salirebbe vertiginosamente a 11.760 euro. Se si vuole uscire dal mercato forse meglio accelerare i tempi e chiudere ogni operazione entro il 31 dicembre per beneficiare del vecchio regime fiscale. Read the full article