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Welcome to Thursday Folks! Bitcoin is trading up at $28,436.05. Another morning of nearly no good news but I will continue to update this throughout the day so check back later.
SUMMARY
Yesterday, Bitcoin price continues to show strength this week by hitting an intra-day high at $28,516 even as macroeconomic headwinds in the United States continue to weigh on investor sentiment; exchange reserves hit multi-year low(3) and X account tied to rapper Nelly compromised, used for crypto phishing scam.(3) Today, BTC price climbs above $28.6K as Bitcoin awaits ‘very dovish’ Fed Powell speech. Morgan Stanley’s analysis suggests signs point to an imminent bullish turn in the Crypto market; Crypto winter may be over(2) as Bitcoin's long-term investors own over 76% of all BTC for the first time. Bitcoin price could rise to $56,000 if BlackRock ETF approved: Matrixport.(3) JPMorgan expects spot bitcoin ETF approvals to come 'within months.(2) Finance expert Dave Weisberger says ‘literal perfect storm’ is brewing for Bitcoin. The co-founders of the crypto analytics firm Glassnode Jan Happel and Yann Allemann believe Bitcoin (BTC) is about to soar as it holds above $28,000. Macro guru and crypto fund manager Dan Tapiero says that the adoption of digital assets is happening quickly and there are no signs of it slowing down.
Bitcoin ETF rumor had a silver lining and it's apparent in the Crypto options market. Grayscale filed a new registration statement with the Securities and Exchange Commission after a D.C. circuit court ruled the regulator must look again at the company's application. Bitcoin layer-2 infrastructure firm Lightning Labs has released the mainnet alpha of Taproot Assets, a protocol aimed at enabling stablecoins and real-world assets to be issued on the Bitcoin and Lightning Network. Jameson Lopp calls for more Bitcoin experimentation and sidechains. Spirit of Satoshi is a novel AI language model trained on seminal Bitcoin resources to drive education and power BTC-related products and services. Global Bitcoin ATM numbers sink to lowest level since 2021.
Ethereum celebrates 100 Million funded addresses and Whales holding at least $1,572,000,000 in Ethereum now own Nnearly 33% of total ETH supply, says Santiment. $XRP loses monthly gains. Dogecoin price would likely pump on Bitcoin ETF approval. Solana makes critically important comeback.
Finland works on instant payments system, embraces digital euro.(3)
Coinbase picks Ireland as EU hub.(2) Binance France director resigns, adding to list of exits from crypto exchange.
Gemini, Genesis, DCG sued by New York attorney general for allegedly defrauding investors.(2) US Treasury plans to designate international crypto mixers as money-laundering hubs: WSJ.
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