#Bitcoin ETF India

[9point-capital]

Discover Bitcoin's potential as an asset class with 9Point Capital. Transform your portfolio and embrace the evolution of wealth with expert insights.

[tradingculture]

Analyst Tells Forbes Bitcoin Could Hit $1,000,000 as Soon as Next Year

Bitcoin (BTC) has endured a tumultuous period over the past few weeks, with its value experiencing significant swings. After peaking at around $70,000 in July, the cryptocurrency plunged below $48,000 by August 5th. However, it has since demonstrated signs of resurgence, rebounding to approximately $62,500. Several analysts are making bold predictions about Bitcoin’s future trajectory amid these volatile shifts.

In a recent interview with Forbes, Himanshu Maradiya, founder and chairman of CIFDAQ Blockchain Ecosystem, presented an eye-catching forecast, suggesting that Bitcoin could potentially hit $1,000,000 by 2025. While this prediction might seem audacious, Maradiya believes several factors could drive Bitcoin towards this milestone.

Notably, the pundit pointed to the increasing adoption of Bitcoin, the approval of Bitcoin ETFs in various countries, and rising concerns over fiat currency devaluation as key drivers. The pundit also emphasized the recent halving event on April 20, 2024, which reduced the rate at which new Bitcoins are created, as another factor influencing his predictions. Historically, Bitcoin halvings have led to significant price increases due to reduced supply.

“Predicting a $1,000,000 Bitcoin might appear overly optimistic, but the increasing institutional interest and regulatory support for cryptocurrencies make this scenario plausible,” Maradiya stated.

Elsewhere, former BitMEX CEO Arthur Hayes recently suggested that Bitcoin might spike to $1,000,000 in the current market cycle. In an interview with DL News last week, Hayes attributed this potential surge to global financial shifts and high debt levels.

“The Bitcoin price in this cycle is going to go very, very high. Hundreds of thousands of dollars, maybe $1 million.” Said, Hayes. “We’re entering a period of significant change in the global monetary system.”

Elsewhere, Rajagopal Menon, Vice President of India’s largest crypto exchange, WazirX, commented on Bitcoin’s potential. Menon believes Bitcoin could initially target between $90,000 and $100,000 before the year ends.

“The $100,000 mark represents a significant psychological barrier,” Menon said. “Bitcoin may experience substantial resistance around this level, which could affect its short-term performance.”

Veteran trader Peter Brandt has also echoed a bullish outlook, predicting that Bitcoin could reach $150,000 by the end of 2025. Like Maradiya, Brandt’s forecast is based on historical trends associated with Bitcoin’s halving cycles, often leading to bullish market phases. However, Brandt also cautioned that there is a 50% chance Bitcoin might drop below $40,000 before the effects of the latest halving fully materialize.

Bitcoin traded at $59,234 at press time, reflecting a 1.03% drop over the past 24 hours.

[ranabayarea]

New Post has been published on RANA Rajasthan Alliance of North America

New Post has been published on https://ranabayarea.org/what-are-crypto-exchanges-and-how-do-they-work/

What Are Crypto Exchanges And How Do They Work Forbes Advisor India

These kinds of cryptocurrency exchanges are essentially the most basic kind of platform that ensures easy and simple processes along with a really easy person interface of crypto buying and selling. As the name suggests, a central institute is liable for governing and regulating these exchanges. With over 617 cash listed, Bitbns allows its buyers to commerce cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. Bitbns offers a variety of academic materials on the cryptocurrency area by way of numerous Bitbns academies and analysis stories. It runs “predict and win” contests along with refer-and-earn applications for new https://www.xcritical.in/ and existing customers. In sizzling wallets, private keys are stored and encrypted on the app itself, which is saved on-line.

Find The Best Indian Crypto Exchange Or App For Low Fees, Novices, Buying And Selling Options And More

This may help increase accountability and transparency as nicely as guarantee how to pick a crypto exchange an trade can keep working, regardless of the state of the company that created it. Beginners can profit from the relative ease of purchasing for and selling cryptocurrencies on Crypto.com, although it costs slightly steeper charges than some opponents. The Crypto.com DeFi pockets allows customers to retailer their crypto and earn rewards on their property. It provides a crypto exchange with buying and selling in 27 cryptocurrencies, as nicely as an internet brokerage platform with entry to a limited number of shares and exchange traded funds (ETFs). Cryptocurrency exchanges are one of the most safe locations for storing your digital currencies primarily when you’re a devoted dealer of cryptocurrencies. The exchange acts as a platform that allows one to place an order and facilitates the buying and selling of cryptocurrencies for different crypto property, fiat currencies, and NFTs.

Earlier Than Exploring Prime Crypto Exchanges Listing & Sites Like Coinbase

In addition to these mentioned above, wallets can be Mining pool further separated into custodial and non-custodial types. Access all of the tools you should perceive the crypto market and begin investing – all through one clear, attractive interface. Discover the numerous ways Nexo’s options empower companies looking to increase their digital assets portfolio.

Best Investment Options In India

As of now there are no restrictions on trading or investing through crypto exchanges in India. However, this segment isn’t regulated by any central authority, so buying and selling in cryptocurrencies is merely accomplished at the threat of the investors. The most easy and hassle-free means for buying and selling of cryptocurrencies is via cryptocurrency exchanges. While it could sound very convenient \there are greater than 200 exchanges, which are working across the globe, and selecting the best one which fit your wants might be daunting.

Greatest For New-age And Millennial Users

Download the cryptocurrency exchange’s application from the Play Store or Apple Store or immediately join from the exchange’s official web site. In India, majority of the exchanges like WazirX, Zebpay, Unocoin and Bitbns, have fully waived off the becoming a member of fee for its users. However, there may be a small membership deduction in the case of inactive accounts. However, the interface of DEXs just isn’t as smooth as CEXs, which generally impacts transaction speed and its volume. CEXs may prove to be more useful for novices and novice traders and DEXs for knowledgeable ones. Past efficiency is not a guarantee or predictor of future efficiency.

The customers get free BTC on signing up and in addition earn free lifetime rewards for referral programs. Bitstamp is a superb option for low-volume merchants in search of a simple, straightforward platform with no buying and selling charges for those with beneath $1,000 in month-to-month trades. It’s one of many older crypto exchanges and has constructed a status for reliability and safety.

These platforms allow trading in cryptocurrencies in trade for digital and fiat currencies.

The opinions expressed are the author’s alone and haven’t been offered, accredited, or otherwise endorsed by our partners.

With a extensive variety of coins obtainable and dependable, accessible customer support, Coinbase is a comprehensive, beginner-friendly resolution for entering the world of crypto buying and selling.

This means you both need to already own crypto or use a centralized exchange to get crypto that you just then use on a DEX.

There are additionally software-based non-custodial wallets, such as Crypto.com Onchain.

Users can even benefit from the choice to earn rewards from its refer-and-earn schemes, which give them an opportunity to earn as much as 10,000 tokens. However, its staking characteristic offers them with nice avenues to earn extra passive income from cryptocurrency coins, which might go as much as greater than 10%. In 2022, Bitbns turned the first crypto exchange to increase tax reduction to cryptocurrency investors by providing zero tax deducted at source (TDS) on SIP transactions. Investors with a SIP of 12 months (minimum period) can now invest easily with out worrying about paying the TDS. Custodial and non-custodial wallets have numerous pros and cons that make them suitable for various kinds of users.

Regulated and broadly trusted, Crypto.com is a top choice for all levels of crypto traders and investors. Kraken is a serious player within the cryptocurrency world, recognized for its low trading charges, a broad variety of supported cryptocurrencies, and excellent buyer help. Whether you’re a newbie or an skilled trader, Kraken offers superior features like margin and by-product trading, making it a high contender for anybody in search of an alternative to Coinbase. ZebPay is a cryptocurrency exchange that makes it simple for you to purchase, promote, and trade 150+ cryptocurrencies similar to Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and extra. With its user-friendly interface, competitive fees, and superior safety features, ZebPay is a well-liked choice for both new and skilled crypto traders. Launching in 2012, it provides an intuitive, beginner-friendly platform to buy, sell, exchange and retailer cryptocurrencies.

Yes, largely all of the crypto exchanges accept credit cards and financial institution transfers by way of NEFT and IMPS amenities. To avail of this facility, the person has to attach their respective credit cards to their account or profile. Trading costs are essentially the most crucial part of crypto exchange’s charge mechanism. So before going additional, it is extremely important to understand- Maker and Taker charges. Any of the pockets varieties described above — sizzling wallets, cold wallets, hardware wallets, and so on. — have multisig versions.

It also has launched the benchmark index for measuring the Indian rupee-based crypto market efficiency and the crypto rupee index. Most web-based crypto wallets, also referred to as hosted wallets, are typically custodial wallets. Typically provided on cryptocurrency exchanges, these wallets are known for their convenience and ease of utilization, and are particularly popular with newcomers, in addition to skilled day merchants. Cryptocurrency wallets store users’ private and non-private keys whereas offering an easy-to-use interface to handle crypto balances. Some wallets even allow customers to perform certain actions with their crypto assets, corresponding to buying and selling or interacting with decentralised applications (dapps). If you’re an skilled trader, Kraken Pro provides one of the refined platforms with low fees and advanced charting instruments.

But, as most of the issues within the cryptoverse are complex, exchanges can be difficult too and will require much more scrutiny than conventional inventory as it is largely unregulated. This is as a result of the exchange controls the non-public key to your wallet, which means you don’t have total control of your funds. And with exchanges generally falling victim to hackers, there might be some degree of risk involved with leaving the non-public keys to your crypto within the palms of a centralized change. No other conventional broker comes close to Robinhood in terms of crypto.

The trade also presents means to earn passive yield, such as token mining, airdrops, and its referral program. The inventory exchanges in India solely perform the trades for equities, commodities and currencies. They do not deal in cryptocurrencies as this falls underneath the purview of the “unregulated” sector. One can do trades in cryptocurrencies only via crypto exchanges or crypto e-brokerage companies. Finder’s investments consultants reviewed over forty cryptocurrency platforms available to slender down the most effective exchanges within the USA for buying and selling and investing in crypto. Only platforms registered with the Financial Crimes Enforcement Network working in the US were thought-about a part of the final methodology.

Kraken is an American-based change that offers its full vary of services to clients in India. Thanasi Panagiotakopoulos is the founder and president of LifeManaged, a monetary planning and wealth management agency in Phoenix now marking its five-year anniversary. Thanasi has spent the past 14 years coaching individuals on how to finest generate income work for them and serving to families create generational wealth. He brings a unique perspective to wealth administration and monetary planning as he manages over $250 million in particular person and household belongings whereas leading a team of 5. Thanasi’s exhausting work and expertise has been acknowledged, as LifeManaged was named to the fifth annual “Investopedia a hundred List of the Most Influential Financial Advisors” in 2021. Out of greater than one hundred,000 independent financial advisors in the us, the Investopedia 100 spotlights the country’s most engaged, influential and educational advisors.

Returns on the buying and selling of crypto belongings may be topic to tax, together with capital gains tax, in your jurisdiction. Any descriptions of Crypto.com products or features are merely for illustrative functions and don’t represent an endorsement, invitation, or solicitation. While the nature of digital property is exclusive, and when considering digital assets in the context of wealth enhancement, any such reference is for a common understanding of Nexo’s choices. Materials associated to Nexo’s services shouldn’t be treated as a assure of future results or as financial advice.

[coineagle]

Bitcoin Leads as Most Adopted: India Triumphs, US Lags Behind – Chainalysis Insights

Key Points

India and Nigeria lead global crypto adoption, despite regulatory hurdles and high trade taxes.

Bitcoin ETFs have significantly spurred BTC activity worldwide, driving growth in high-income regions.

The fifth annual Chainalysis Global Crypto Adoption Index report has been released, revealing valuable insights into grassroots crypto adoption worldwide.

The report, which covers data from Q3 2021 to Q2 2024, has introduced a refined methodology that focuses on DeFi activity and excludes P2P cryptocurrency exchange trade volumes.

Chainalysis Crypto Adoption Report

The latest findings show India and Nigeria leading in global crypto adoption, with Indonesia emerging as the fastest-growing market.

Despite a challenging legal environment and high trade taxes, India has maintained its position as the global leader in cryptocurrency adoption for the second consecutive year.

The country has been operating under stringent regulations since 2018, including recent actions by the Financial Intelligence Unit (FIU) in December 2023. However, these regulatory measures have not discouraged Indian investors from participating in the global cryptocurrency market.

US Crypto Adoption

In contrast, despite significant media attention, the United States only ranks 4th in global crypto adoption, falling behind India, Nigeria, and Indonesia.

However, the report noted that the launch of the Spot Bitcoin (BTC) ETF in the United States has significantly spurred BTC activity worldwide, leading to substantial growth in institutional transfers and high-income regions like North America and Western Europe.

Bitcoin Dominates

As expected, Bitcoin has emerged as the most popular cryptocurrency and a key driver of crypto adoption.

From the surge in interest around Bitcoin ETFs to its growing relevance in political discussions, BTC consistently attracts attention and impacts the broader crypto market.

[blockinsider]

Bitcoin Price Sees Potential Surge as Whales’ On-chain Actions Escalate

Key Points

Bitcoin’s price is showing signs of a bullish rebound, driven by increased on-chain activities by whales.

Despite some fear in the market, the supply of Bitcoin on exchanges has dropped, indicating rising investor confidence.

Bitcoin (BTC) is leading a rebound in the total crypto market cap, which has risen approximately 2% to surpass $2.16 trillion. On Monday, Bitcoin’s price rallied over 3%, reaching a high of around $59,343, effectively erasing the losses seen at the start of September. This rally was mirrored by most altcoins, including Ethereum (ETH), BNB, and Solana (SOL).

However, there is still some uncertainty surrounding Bitcoin’s price. The crypto fear and greed index for Bitcoin is still hovering around 26%, indicating extreme fear, despite the price rebound above $58K.

Activities of Bitcoin Whales

Amid economic uncertainties, on-chain data reveals mixed reactions from different whale investors, who are likely institutional traders. For example, US-based spot Bitcoin ETFs saw a net cash outflow of about $46.53 million on Monday. Consequently, these ETFs have experienced five consecutive days of cash outflows, led by Grayscale’s GBTC and ARK 21Shares Bitcoin ETF (ARKB).

On-chain data also reveals that a whale investor withdrew 1,100 BTCs, worth over $64 million, from Binance in the last 24 hours. This investor currently holds a total of 3,823 BTCs, valued at approximately $227 million.

Another whale investor, who sold nearly half a billion dollars worth of Bitcoins in July, has started accumulating more coins from Binance recently. Specifically, this investor withdrew 1000 BTCs, valued at over $58 million, from Binance. As a result, this investor now holds about 8,559 BTCs, worth around $494 million.

Market Outlook

The supply of Bitcoin on all crypto exchanges has dropped from 2.44 million on August 27, to about 2.35 million at the time of writing. Despite the low bullish sentiment, this significant drop in Bitcoin’s supply on centralized exchanges suggests that investor confidence is rising.

The crypto market is expected to regain bullish momentum in the fourth quarter, particularly if the US Fed implements the much-anticipated interest rate cut. With the upcoming US elections and changing regulatory landscape in major jurisdictions like Russia and India, the next bullish phase could push Bitcoin’s price above its all-time high.

From a technical standpoint, it appears that Bitcoin’s price could be preparing for a parabolic expansion period, similar to the one seen after the 2020 Black Swan event.

[decentralisednews]

Coinmarketcap H1 2024 Crypto Report: Full Breakdown of Market Trends

In this video, we dive deep into the latest trends, key narratives, and user insights shaping the crypto landscape, informed by world-class crypto data and CoinMarketCap (CMC) user insights.

Recommended crypto platforms: https://decentralised.news/ecosystem 

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Bridge crypto assets to different blockchains: https://app.debridge.finance/r/20473

Key Highlights: 

Market Overview: 

+Global Crypto Market Cap: $2.3 trillion, down by 14.5% in Q2 

+24hr Trade Volume: A surge to $79.4 billion, up by 223% in Q2 

+CMC Crypto Fear and Greed Index at 49, signaling a neutral market sentiment

+Bitcoin Dominance: 53%, with no sign of an altcoin season 

Historical Trends:

+Bitcoin's leading role in early bull runs and increased stablecoin supply

+Current bull cycle showing less severe drawdown and institutional inflows pre-halving. 

Sector Performance:

+Positive growth in Stablecoins (+8.6%), AI, and Big Data (+2.5%) 

+Decline in liquidity and market cap across most sectors 

Market Sentiment and User Trends: 

+Meme Coins rise as the most popular category on CMC 

+Surging interest in the Solana ecosystem 

+Regional user trends showing increased activity in Brazil, India, and Indonesia 

Sector-Specific Insights: 

+Layer-1 Smart Contracts: Ethereum leads with 62.11% dominance 

+Layer-2 Developments: Arbitrum and Base show significant TVL gains 

+Cross-Chain Bridges: Circle’s CCTP emerges as the top bridge by volume

+NFT Market: Ethereum no longer the main chain for NFTs, with Solana gaining user activity 

+Gaming Sector: Ronin-based Pixels and TON-based hyper-casual games dominate 

+RWA Growth: BlackRock’s tokenization focus and Tether’s continued dominance 

Political and Regulatory Developments: 

+Increasing political influence of the crypto industry in the US 

+Worldwide regulatory updates and the rise of Bitcoin and Ethereum ETFs

Join us as we unpack the latest developments, market dynamics, and future opportunities in the crypto space. Whether you’re a seasoned investor or new to the world of crypto, this video provides valuable insights to navigate the ever-evolving market. 

🔔 Subscribe for more in-depth analysis and updates on the crypto market. 

👍 Like this video if you found it informative. 

💬 Comment below with your thoughts and questions. 

[p5ravin]

Despite warnings from the Reserve Bank of India (RBI) regarding the use of the Liberalized Remittance Scheme (LRS) for investing in foreign Bitcoin exchange-traded funds (ETFs), wealthy Indians are increasingly opting for such investments.

The LRS allows Indian residents to invest a certain amount of money in overseas assets each year. However, the RBI has cautioned against using the scheme for speculative investments like cryptocurrencies due to their inherent volatility and regulatory uncertainties.

Despite these warnings, wealthy Indians are turning to US-based Bitcoin ETFs as a way to gain exposure to the cryptocurrency market. Bitcoin ETFs listed on major US exchanges offer investors a convenient and regulated way to invest in Bitcoin without directly holding the cryptocurrency itself. This appeals to investors seeking exposure to Bitcoin's potential upside while mitigating some of the risks associated with direct ownership.

The growing interest in US Bitcoin ETFs among wealthy Indians highlights the increasing global demand for exposure to cryptocurrencies as an asset class. Despite regulatory challenges and concerns, cryptocurrencies continue to attract attention from investors worldwide as they seek alternative investment opportunities and hedge against inflation.

However, it's important for investors to consider the regulatory and legal implications of investing in foreign Bitcoin ETFs, especially in countries like India where the regulatory landscape for cryptocurrencies is still evolving. While US Bitcoin ETFs offer convenience and regulatory oversight, investors should be aware of the potential risks and consult with financial advisors before making investment decisions.

As the cryptocurrency market matures and regulatory frameworks evolve, the demand for Bitcoin and other digital assets is expected to continue growing globally. Wealthy Indians, like investors in other parts of the world, will likely continue exploring various avenues to gain exposure to cryptocurrencies while navigating regulatory challenges and compliance requirements.

[world-of-news]

Nix XRP - Moon Base.

[9point-capital]

India, ready for a breakthrough? Legal, secure Bitcoin & Ethereum ETF investments are closer than you think.

For more information, visit: 9Point Capital - India's First Digital Assets Management Company

[uniquedatabasecoin]

Bitcoin surges to record above $69,000 on sustained ETF demand

Pan India HNI database http://goo.gl/sh5Q5V http://dlvr.it/T3fMpj

[bitcoincables]

US SEC Approves Bitcoin ETFs, Próspera Zone Recognizes Bitcoin, Google Removes Exchange Apps

More than a decade after the first application was filed, the U.S. Securities and Exchange Commission (SEC) has approved Bitcoin exchange-traded funds (ETFs) in the United States. This is a big step for the crypto industry! 😄 The SEC has given the green light to ETF applications from various companies including ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton.

The approval by the SEC has raised questions about the intentions of the commission's chair, Gary Gensler. He has previously expressed concerns about crypto investments, but he was one of the three commissioners who voted to approve the Bitcoin ETFs. Some people think he may have been the deciding vote. Others believe that the SEC was bound to approve the ETFs as it had been mandated by a federal court to review Grayscale's offering. Not everyone is happy with the SEC's decision, though. SEC Commissioner Caroline Crenshaw and the nonprofit organization Better Markets have criticized the approval, calling it "unsound and ahistorical" and describing Bitcoin as inherently worthless. Bitcoin critic Peter Schiff also expressed his disapproval, saying that the approvals provide more opportunities for speculation.

In other news, the special economic zone of Próspera in Honduras has recognized Bitcoin as a unit of account, allowing it to be used for measuring the market value of goods and services. 👏 For now, tax liabilities for Bitcoin-electing entities will still be determined in reference to BTC for internal accounting purposes, but they will be reported to Próspera Zone for Employment and Economic Development (ZEDE) in United States dollars or the Honduras lempira. However, once certain issues are resolved, entities will report and pay their tax liabilities to Próspera ZEDE in BTC. Meanwhile, Google's Play Store in India has removed Binance and OKX crypto exchange apps following a noncompliance notice from the government. The notice stated that any exchange providing services to Indian users must register as a "reporting entity" and submit statements to the income tax department. Apple's App Store had previously taken a similar action in December 2023. ⚠️

For more details on these stories, you can read the original article from CoinTelegraph here.

Hashtags: Bitcoin, ETFs, cryptocurrency, regulation

[akshayvarma1]

Akshay Varma of Creative Business School: Navigating the Turbulent Crypto Market

In the world of financial investments, the recent plunge in Bitcoin's value presents a scenario ripe for analysis, especially through the lens of an esteemed institution like the Creative Business School. Founded in 2023 by Akshay Varma, a distinguished alumnus of Cambridge University and Stanford Business School, the institute stands as a beacon of knowledge for financial entrepreneurs and seasoned investors in India. Varma's illustrious career, spanning roles at McKinsey, London's financial district as a hedge fund analyst, and his foray into blockchain investments, culminates in his current position at the Creative Business School.

The school, under Varma's guidance, specializes in providing comprehensive educational services in investment, finance, and market analysis, with a curriculum that includes stock market courses, venture capital investment, blockchain courses, and business model analysis research. Varma, leveraging his extensive experience and academic prowess, often emphasizes the importance of blending practical insights with theoretical knowledge, especially in volatile markets like cryptocurrency.

The recent dramatic fall in Bitcoin prices, erasing the gains of the early days of the year, poses an intriguing challenge for analysts and investors alike. The steep 9.2% drop to below $41,000, coupled with its impact on related stocks like the U.S.-based cryptocurrency exchange Coinbase, which saw an 8.1% fall, offers a practical case study for Varma's teachings. The cryptocurrency market witnessed over $600 million in liquidations in 24 hours, the largest since December 11 of the previous year, affecting nearly 176,000 traders.

Varma's approach to such market turmoil is rooted in a balanced analysis, combining observable facts with subjective judgment while emphasizing the importance of risk management. This article, drawing on Varma's expertise and the educational ethos of the Creative Business School, aims to dissect the recent fluctuations in the cryptocurrency market, particularly focusing on Bitcoin and its related stocks. We will explore the underlying factors contributing to this volatility, the potential implications for investors, and the strategic responses recommended by Varma in navigating such uncertain financial landscapes.

Analyzing the Bitcoin Plunge: Factors and Implications

Akshay Varma, with his profound understanding of financial markets, highlights several key factors contributing to the recent Bitcoin crash. As the founder of Creative Business School, Varma emphasizes the need for a multi-dimensional analysis in such situations. He points out that the crypto market is notoriously volatile and sensitive to a variety of external influences, including regulatory news, technological developments, and broader economic trends.

One significant factor that Varma identifies is the heightened regulatory scrutiny on cryptocurrencies. The anticipation of stricter regulations, especially in major markets like the U.S., has historically triggered sell-offs in the crypto market. Varma notes the recent developments regarding the potential rejection of Bitcoin ETF proposals by the SEC as a catalyst for the latest price drop. He argues that such regulatory uncertainties create a climate of fear and uncertainty among investors, leading to rapid sell-offs.

Another aspect that Varma emphasizes is the impact of market sentiment and the behavior of retail investors. The cryptocurrency market, unlike traditional financial markets, has a substantial participation of retail investors whose investment decisions are often driven by sentiment and trends rather than fundamental analysis. Varma suggests that the recent crash can partly be attributed to panic selling by these investors, triggered by the negative news flow.

Varma also points to the technical aspects of Bitcoin trading. The market dynamics of cryptocurrencies are often influenced by algorithmic trading and liquidation thresholds. He explains that a significant drop in Bitcoin's price can trigger a cascade of automated sell orders, leading to sharp declines like the one recently witnessed.

Strategic Response and Risk Management

In response to such market volatility, Varma recommends a strategic approach that combines vigilance with a long-term perspective. He advises investors to stay informed about regulatory developments and market trends but cautions against making hasty decisions based on short-term market movements.

Risk management is a crucial aspect of Varma's teachings at the Creative Business School. He emphasizes the importance of diversification, not just across different asset classes but also within the crypto portfolio. Investing in a range of cryptocurrencies and blockchain-related assets can mitigate the risk associated with any single investment.

Furthermore, Varma advises on the significance of understanding the underlying technology and the business models of crypto investments. He encourages a deep dive into blockchain technology, understanding the utility and the potential of various cryptocurrencies and crypto-assets. This knowledge, Varma asserts, is key to making informed investment decisions that are less susceptible to market volatility.

In conclusion, Akshay Varma's analysis of the recent Bitcoin crash through the prism of Creative Business School's philosophy offers valuable insights into the complexities of the cryptocurrency market. His approach, blending academic knowledge with real-world experience, provides a comprehensive framework for investors looking to navigate the volatile yet potentially rewarding world of cryptocurrencies. As the market continues to evolve, Varma's guidance stands as a beacon for those seeking to understand and capitalize on the opportunities within the dynamic world of digital finance.

Looking Ahead: The Future of Cryptocurrency Investments

Akshay Varma, the founder of Creative Business School, underscores the importance of forward-thinking and adaptability in the realm of cryptocurrency investments. With his background in economics, philosophy, and business, coupled with hands-on experience in the financial sector, Varma brings a unique perspective to the table, particularly relevant in the aftermath of the Bitcoin plunge.

In looking ahead, Varma stresses the importance of understanding the broader context in which cryptocurrencies operate. He suggests that despite the recent downturn, the long-term potential of cryptocurrencies and blockchain technology remains significant. Varma points out that technological advancements, increasing institutional interest, and the growing mainstream acceptance of digital currencies bode well for the future of cryptocurrencies.

Varma also highlights the role of innovation in the crypto space. The continuous evolution of blockchain technology, the emergence of decentralized finance (DeFi), and the advent of non-fungible tokens (NFTs) are just a few examples of the dynamic nature of this sector. He encourages investors and students at Creative Business School to keep abreast of these developments, as they could present new investment opportunities and avenues for growth.

Educating the Next Generation of Investors

At Creative Business School, Varma places a strong emphasis on education and informed investing. He believes that a well-rounded understanding of the markets, grounded in solid economic and financial principles, is essential for success in the volatile world of cryptocurrencies. His approach to teaching involves not just the technical aspects of trading and investment but also an in-depth exploration of the economic theories and business strategies that underpin the financial markets.

Varma’s philosophy extends to nurturing a mindset that is both cautious and curious. He encourages students and investors to question, research, and understand the underlying value and potential risks of any investment. This approach is particularly pertinent in the crypto market, where hype and speculation can often overshadow fundamental analysis.

Conclusion

In summary, Akshay Varma's insights into the recent Bitcoin crash and the broader cryptocurrency market reflect a deep understanding of both the opportunities and challenges in this space. His leadership at Creative Business School is shaping a new generation of investors who are equipped with the knowledge, skills, and mindset to navigate the complexities of the financial world, with a particular emphasis on the burgeoning field of cryptocurrencies. As the market continues to evolve, Varma’s balanced and comprehensive approach to investing in cryptocurrencies offers a valuable guide for those looking to explore this dynamic and potentially rewarding sector.

[latest-breaking-news-video]

Watch Bitcoin surpasses $45,000 for 1st time in 2 yrs on ETF approval hope - India Trending News

[blockinsider]

Bitcoin Poised for All-Time High Amid Surging Demand and Expected Economic Changes

Key Points

Bitcoin (BTC) price has rebounded significantly following signals of a potential interest rate cut by the Federal Reserve Chair, Jerome Powell.

The rising adoption of Bitcoin by institutional investors and anticipated economic shifts are further fueling this surge.

After Jerome Powell, the Federal Reserve Chair, hinted at a possible interest rate reduction in September, Bitcoin (BTC) price experienced a significant rebound over the weekend.

Bitcoin ended the previous week trading slightly above $64k, a roughly 10% increase from the closing price of the week before.

Technical Indicators

From a technical perspective, Bitcoin’s price has consistently closed above the daily 50 and 200 Moving Averages (MAs) in recent times, despite the presence of their death cross.

Moreover, the daily Relative Strength Index (RSI) has bounced back above the 50% mark, indicating that bulls are gradually gaining control following the crash on August 5.

A market rebound, led by Gold and traditional stock indexes, has signaled a likely bull rally for the entire crypto industry.

Adoption by Institutional Investors

The crypto industry has achieved considerable regulatory clarity in several major jurisdictions, including the United States, Russia, Hong Kong, India, Europe, and Singapore.

The approval of spot Bitcoin and Ethereum ETFs in the United States has encouraged other jurisdictions to follow suit.

For example, Brazil has already approved two spot Solana (SOL) ETFs, while Hong Kong, Canada, and Australia already have spot BTC and Ethereum ETFs.

According to recent market data, the US spot Bitcoin ETFs registered a net cash inflow of $252 million on Friday, led by BlackRock’s IBIT and Fidelity’s FBTC.

As a result, the net cash inflows into the US spot Bitcoin ETFs have exceeded $550 million over the past two weeks, signaling a further bullish outlook.

The significant accumulation of the US spot Bitcoin ETFs recently has coincided with a notable decrease in the supply of BTC on centralized exchanges (CEXs).

Interestingly, the supply of stablecoins on CEXs has continued to rise significantly, suggesting an increase in overall buying power.

Anticipated Economic Shift

The forthcoming US elections and expected changes in monetary policy will play a significant role in Bitcoin price action.

More than 115 days since the fourth Bitcoin halving, BTC price action is nearing the breakout zone, similar to previous bull cycles.

The US Fed is expected to initiate the first interest rate cut from next month since the onset of COVID-19, signaling a major economic shift.

According to Fed Chair Powell, inflation has significantly eased without a noticeable spike in unemployment, suggesting a need for an economic shift for the next five years.

As a result, Bitcoin price is expected to benefit significantly from the increasing global liquidity among other factors.

[oyestocks]

Bitcoin price crosses $33,900, 16-month high, many other crypto

Bitcoin, the largest cryptocurrency in terms of request value, has maintained a 16- month high. Its price was around$ 33,950

Bitcoin touched a high of around $68,000 last year. Since then there has been a huge decline in its price. Investors have suffered losses due to this.

Bitcoin, the largest cryptocurrency in terms of request value, has maintained a 16- month high. Its price was around$ 33,950. Its value has increased by$ 327 in the last one day. There was a decline in the prices of numerous cryptocurrencies including Ether in the crypto request.

The price of the second largest cryptocurrency Ether was down1.39 percent at$ 1,788. It has fallen by about$ 25 in the last one day. piecemeal from this, other cryptocurrencies with losses included Binance Coin, Ripple, Solana, Cardano, Litecoin, Polygon, Polkadot, Astral and Monero. still, the prices of Tether, USD Coin, Binance USD and Cronos were bullish. In the last one day, the request valuation of crypto declined by0.92 percent to about$1.25 trillion.

CoinDCX’s exploration platoon told OyeStocks,” The reason for the decline in the crypto request may be the temporary junking of the BlackRock Spot Bitcoin ETF ticker from the website of the Depository Trust & Clearing Corporation. still, after a many hours this ticker was reinstated. Both Bitcoin and Ether are trading above the 50- day and 200- day exponential moving pars. Bitcoin is showing strength. ETH needs to overcome some resistance situations and after that it may gain instigation. Is.”

Bitcoin touched a high of around$ 68,000 last time. Since also there has been a huge decline in its price. Investors have suffered losses due to this. The request also declined due to the ruin of some crypto enterprises. lately, Prime Minister Narendra Modi had emphasized on making rules for the crypto member. He said that there’s a need to maintain pace with the development of technology. before, the Finance Ministry and the Reserve Bank of India( RBI) had also favored making rules for crypto. RBI believes that there’s no strong value associated with cryptocurrencies and hence it should be banned. In some countries, rules are being made for this member. This can reduce the cases of swindles in this request and also increase the confidence of investors.

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Bitcoin (BTC) and gold, two seemingly divergent assets, find common ground in the eyes of veteran macro investor Luke Gromen. In a recent interview, Gromen posits that these assets could flourish as the fiscal challenges in the United States continue to mount. Gromen’s argument hinges on the idea that both gold and Bitcoin are “duration assets” with fixed supplies and the potential for their face values to rise. In times of fiscal distress, these assets tend to shine. As the US grapples with fiscal issues exacerbated by relentless quantitative easing and potential shifts in Federal Reserve policies, Gromen believes that this environment will create a fertile ground for gold, oil, and Bitcoin. “[Gold and BTC will do well] because they are simply duration assets with a more fixed supply and a face value that can rise,” he stated. “They do well when a nation has a fiscal problem, and when the reserve currency issue of the world and her allies all have fiscal problems, and hers is at least as bad or probably worse than the others – even Europe – then it’s really good for gold and Bitcoin.” [embed]https://www.youtube.com/watch?v=jJ3ajrsz-IY[/embed] BRICS And The Dollar’s Reshaping Gromen also delved into the potential ramifications of the BRICS nations (Brazil, Russia, India, China, and South Africa) launching a gold-backed currency. Such a move could undermine the US dollar’s longstanding position as the world’s reserve currency. The prospect of a gold-backed currency gaining traction among these major economies could weaken the dollar’s dominance in international trade and finance. Meanwhile, the cryptocurrency sector is experiencing a bullish surge, with Bitcoin leading the charge. It has surpassed the critical psychological threshold of $28,000, sparking optimism among investors. Notably, Cryptoinsightuk, a pseudonymous crypto trading analyst, has conducted a revealing analysis of Bitcoin’s relative strength index (RSI) indicator. Bitcoin moving halfway to the $28K region. Chart: TradingView.com Bitcoin’s Bullish Momentum Cryptoinsightuk’s analysis tracks the instances when Bitcoin’s weekly RSI crossed above the 50 mark (green) and then dropped below this level (red). The expert found that, on average, these events led to a remarkable 1,100% price increase for Bitcoin. Such a surge could become a reality in the right circumstances, including a supply squeeze and the introduction of a spot Bitcoin exchange-traded fund (ETF). As Bitcoin’s price currently hovers around $27,539 with a 1.2% decline over the past 24 hours but a 4.9% gain over the last seven days, investors are closely monitoring these developments, eagerly awaiting signs of whether Bitcoin’s bullish momentum will persist in the coming weeks and months. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock