The latest market analysis suggests that if Bitcoin’s MVRV ratio continues to increase, BTC price could be in the six-figure range by 2025. Source: https://cointelegraph.com/news/bitcoin-price-target-120k-analyst-as-key-metric-flips-bullish?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: November 2024
Prediction Markets Give Trump the Edge on Election Day
Recent numbers from prediction markets suggest that former President Donald Trump is holding a substantial edge over Vice President Kamala Harris. Battle for the White House Bettors have shown a consistent shift in support for Donald Trump in the 2024 U.S. election race, leaving Kamala Harris trailing in their forecasts. As of 8 a.m. ET […] Source: https://news.bitcoin.com/prediction-markets-give-trump-the-edge-on-election-day/
Bitcoin’s fair value: BTC may never fall below $60K, says economist
Other key indicators suggest that Bitcoin’s long-term floor price is above $40,000. Source: https://cointelegraph.com/news/bitcoin-fair-value-btc-never-fall-60k-economist?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin ETFs Saw Huge Outflow Ahead of US Election
Election day is here and it appears traditional investors were looking to de-risk before voters even made it to the polls. On Monday, U.S. Bitcoin exchange traded funds (ETFs) saw huge outflows with $541 million being withdrawn from the investment products. This election-related outflow is nearly the largest outflow the Bitcoin ETFs have seen since creation, according to CoinGlass data,…
Spot Bitcoin ETFs Face Heavy Losses — Who Took the Biggest Hit?
On Monday, spot bitcoin exchange-traded funds (ETFs) took a substantial hit, with investors pulling out a hefty $541.07 million. Bitcoin ETF Outflows Hit $541 Million on Monday, Ethereum Funds Follow in the Red The 12 spot bitcoin ETFs faced a rough trading day, shedding a hefty $541.07 million in total outflows. Fidelity’s FBTC bore the […] Source: https://news.bitcoin.com/spot-bitcoin-etfs-face-heavy-losses-who-took-the-biggest-hit/
What is Pyth Network (PYTH)?
Pyth Network aggregates price information from a network of trusted data providers, including exchanges and market makers, to ensure that the data is accurate and timely. Source: https://cointelegraph.com/explained/what-is-pyth-network-pyth?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A24 Film ‘Heretic’ Features ‘No Generative AI’ Disclaimer
Upcoming A24 horror film “Heretic,” starring Hugh Grant, will carry a disclaimer in its credits stating that “no generative AI was used in the making of this film.” According to an interview with the film’s co-director Bryan Woods in film industry trade publication Variety, the disclaimer was inserted because “it’s something people need to start talking about.” Woods described generative…
Swift, UBS, Chainlink pilot tokenized fund settlement
Swift, UBS and Chainlink aim to modernize traditional finance by enhancing tokenized fund processes with blockchain. Source: https://cointelegraph.com/news/swift-ubs-chainlink-tokenized-fund-settlement-pilot?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hellish US Debt Scenario Could Propel Bitcoin to $1 Million by 2030
Sebastian Serrano, CEO of the Argentina-based cryptocurrency exchange Ripio, has predicted that bitcoin will reach $1 million by 2030, driven by the rise of U.S. public debt and the devaluation of the U.S. dollar. CEO Believes Bitcoin May Reach $1 Million by 2030 Sebastian Serrano, CEO of Ripio, one of the largest Argentina-based cryptocurrency exchanges, […] Source: https://news.bitcoin.com/hellish-us-debt-scenario-could-propel-bitcoin-to-1-million-by-2030/
Meta Expands AI Access to US Defense Agencies to Strengthen National Security
Social media and technology giant Meta (nee Facebook) announced it is providing its open-source Llama AI models to U.S. defense agencies and contractors, to support national security and strengthen America’s position in the AI race. Llama will be available to U.S. government agencies focused on defense and national security applications, and private partners supporting their missions, wrote Nick Clegg, Meta’s…