"The More Fiat We Make, The More Bitcoin I Buy"
- Ross L. Stevens, Stone Ridge Asset Management CEO
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As we kick off 2024, Bitcoin is trading up at $42,685.51. Over the weekend it appears that the announcement of the Bitcoin ETF could happened tomorrow or Wednesday. Let's get to today's news...
Most covered news today is about Ethereum founder Vitalik Buterin declaring that the role of single slot finality (SSF) is the most straightforward approach to tackling the majority of shortcomings on the Ethereum Proof-of-Stake (PoS) design.(3)
Bitcoin's increasing correlation with US stocks suggest the exuberance around ETFs may be tempered by US macroeconomic pressures; non-farm payroll numbers come out soon. Tether (USDT), one of the leading stablecoin issuers, withdrew a large number of Bitcoin (BTC) from the Bitfinex exchange to its account today. Goldman Sachs expects Crypto market to explode in 2024 as traditional institutions enter. Galaxy Digital CEO Mike Novogratz calls Crypto ‘The first ever global speculative mania.’ Macroeconomics expert and author Lyn Alden says that traditional financial institutions are starting to believe that Bitcoin (BTC) is not in a classic bubble. Crypto asset manager Bitwise says that an unnamed investor wants to seed hundreds of millions of dollars into its planned spot market Bitcoin (BTC) exchange-traded fund (ETF). It has been rumored for several days that the SEC could approve Bitcoin Spot ETFs on Tuesday or Wednesday. So what's the real deal?
Will Bitcoin Reach All-Time Highs in 2024? Record Price Predictions Received from Experts!
- Mark Mobius: $60,000
- Bit Mining: $75,000
- CoinShares: $80,000
- Nexo: $100,000
- Matrixport: $125,000
Meanwhile, last year some nailed it and others were wayyyy off, not to mention any names Standard Chartered - $5K really?
Countdown to US spot ETF: 5 things to know in Bitcoin this week (Cointelegraph):
- Will BTC break out up on spot Bitcoin ETF approval?
- Bitcoin ETF approval window starts this week
- Markets: Fed "pivot" has months to go
- All-time highs keep coming for Bitcoin fundamentals
- A "greedy" start to the year
Bitcoin halving 2024 - miners predict potential outcomes of reduced BTC rewards. Bitcoin’s price will significantly influence the impact of the highly-anticipated halving on miners in 2024.
January's Crypto Hotlist: $BTC, $SOL, and $XRP.
Ethereum price is correcting gains below the $2,350 zone. ETH could attempt a fresh increase unless there is a close below the $2,200 support. Ethereum’s price is forecasted to reach $5,300, driven by liquidity indicators and upcoming enhancements in the blockchain. XRP Ledger (XRPL), the decentralized network that powers the $XRP cryptocurrency, ended 2023 with a bang, as it recorded a massive surge in transactions and activity. Solana ($SOL) price history alerts 70% potential upside in next 30 days. Yakovenko says while Vitalik’s goal is to make Ethereum more Cypherpunk-friendly, his aim is to make Solana even faster. Cardano ($ADA), the eighth-largest cryptocurrency by market capitalization, has emerged as one of the top blockchains by total value locked (TVL), a metric that measures the total amount locked in smart contracts or protocols on a blockchain.
China cracks down on Tether, Hong Kong to introduce licenses for stablecoins.
RFK Jr. expresses shock over US government dropping charges against FTX founder Sam Bankman-Fried. Crypto phishing scams took almost $300M from 324k victims in 2023.(4)
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Podcast of the Day: 203 - ETH in 2024 | Bankless
