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💰 Bitcoin Could Hit $150K This Year, Says Fundstrat's Tom Lee
Bitcoin (BTC) may have stalled over the past week, but FundStrat head of research Tom Lee doubled down on his bullish outlook and said it could reach as high as $150,000 this year. "You have demand improving with the new ETFs, you have supply shrinking with the halving, and if monetary policy eases which we expect, that's supportive for risk assets," Lee told CNBC on Wednesday.
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💰 Bitcoin options worth $3.7 billion approaching expiration
Feb. 23, the last Friday of the month, marks the expiration of an impressive $3.7 billion in Bitcoin (BTC) options, a situation that could notably influence the Bitcoin market, according to Deribit data. Deribit data shows that the options, totaling $3.7 billion for BTC, feature a significant open interest – a total of 71,340 contracts for both calls and puts combined. The put/call ratio for BTC stands at 0.76, reflecting 76 put options for every 100 call options.
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🏦 Coinbase Commerce Ditches Support for Bitcoin Payments Using Self-Custody Wallets
Coinbase Commerce, the cryptocurrency payments solution of U.S.-based exchange Coinbase, has removed support for bitcoin payments using self-custody wallets. Brian Armstrong, CEO of the exchange, clarified it maintains support for payments from UTXO-based chains from Coinbase accounts. However, Commerce will focus on supporting ERC-20 tokens on layer 2 protocols, like Base and Polygon.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🇭🇳 Honduras Issues Ban on Crypto Trading
Honduras’ National Banking and Securities Commission (CNBS) issued a ban prohibiting financial institutions in the country from engaging in crypto trading or holding digital assets. The regulatory landscape in Honduras currently lacks provisions specifically addressing crypto assets. This absence poses risks for users, leaving them vulnerable to fraud, operational pitfalls, and legal uncertainties.
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💰 Spot Bitcoin ETFs reach $37B in AUM, roughly one-third of gold ETF assets
US-based spot Bitcoin ETFs have accumulated close to $37 billion in assets under management (AUM) within the first 25 days of trading, according to market data. Incidentally, the total AUM of Bitcoin ETFs is a sizeable fraction of the overall AUM of gold ETFs, according to data shared by Bitcoin Archive. The $37 billion AUM of spot Bitcoin ETFs is equal to 39.8% of the $93 billion AUM of gold ETFs and 28.5% of both classes’ combined $130 billion AUM.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Coinbase Vaults Beyond 1 Million Bitcoin Mark, Stash Valued Over $52 Billion
On Friday, Feb. 16, 2024, bitcoin’s value hovered between $51,850 to $52,350, with onchain insights from Arkham Intelligence revealing that the Nasdaq-listed crypto exchange giant, Coinbase, now possesses over 1 million bitcoin. Based on the current market prices, the stash secured by the San Francisco-headquartered firm is valued at just above $52 billion.
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💰 VanEck slashes spot Bitcoin ETF fee to 0.20%; Fidelity cuts EU ETP fee to 0.35%
VanEck will reduce fees on its spot Bitcoin ETF later this month, according to a filing with the US Securities and Exchange Commission (SEC) on Feb. 15. VanEck described the sponsor fee as an expense that is “paid by the Trust to the Sponsor as compensation for services performed under the Trust Agreement.” The filing identifies the trust as the VanEck Bitcoin Trust and identifies the sponsor as VanEck Digital Assets, LLC. Sponsor fees can affect the overall performance of the fund in question.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
#Bitcoin analysis in the daily time frame:
The price has crossed the important level of $47000 - $52000 and the next main target is expected to be the price of $70000 . Of course, before reaching this price, it is possible that the price will decrease to the specified level and then perform a good pump.
@Altcoin_Charts
🏴 Aptos implements passwordless passkey authentication for transactions
Aptos Labs has introduced a new way for users to sign transactions on its Layer 1 blockchain network: passkeys that eliminate the need for setting up passwords. "We have made changes on the blockchain and created a novel passkey authenticator on Aptos that will take a transaction, the passkey signature, the passkey public key, and validate the transaction with that information," Avery Ching, co-founder and CTO of Aptos Labs, told The Block.
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🏦 Coinbase unfreezes Debt Box assets amid SEC controversy
Coinbase has lifted the freeze on Debt Box’s assets after discovering discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against the firm. According to Grewal, Coinbase challenged the SEC’s order because the regulator “sat silently” instead of “immediately pulling its order after admitting that it deceived the Court.” The exchange attempts to get an explanation from the authorities proved futile as it was met with “more silence.”.
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💰 Bitcoin approaches new yearly highs after erasing 20% dip
Bitcoin touched the $49,000 on Feb. 12, reclaiming the price levels it hit after the historic approval of spot Exchange-Traded Funds (ETFs) related to the flagship crypto at the start of January. Bitcoin surged as U.S. markets opened for trading, erasing the 20% drop following the ETF approvals as traders executed a “buy the rumor, sell the news” event, and whales began taking profit on their holdings from the 160% rise over 2023.
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💰 Bitcoin Hovers Near One-Month High on ETF Inflows, Looming Halving
The largest digital asset rose about 5.6% at 1:44 p.m. in New York on Friday after climbing as high as $48,187. Smaller tokens such as Ether, Solana and Cardano also pushed upward. Bitcoin is now up 12% so far this year, beating even the so-called Magnificent Seven mega-cap tech stocks. Traders also pointed to the Lunar Chinese New Year as another factor in the price gains, with market participants in the Asia Pacific region focusing on family gatherings and celebrations.
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🟠 Bitcoin is the new gold and all ETF news help nation-states come to terms with that reality 💪
Samson Mow and Robert Breedlove discuss why there's no going back from this as more money keeps flowing into the new ETFs!
@ChartsSignalsTrading
💰 Short-term custodial crypto accounts soar 250% with Bitcoin ETF hype
The total assets under custodial accounts increased by 250% during the past four months amid the hype surrounding the spot Bitcoin exchange-traded fund (ETF), according to a Bitget report shared with CryptoSlate. Bitget attributed the surge to the broader crypto market performance and the escalating anticipation of a bull run among its users. In addition, the firm identified the integration of cryptocurrencies into daily life activities as another pivotal factor that propelled the sector’s growth.
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Exchange: KuCoin
New Trade for #ODDZ/USDT (Chart: 4 Hour TF)
ODDZ/USDT Looks good on 4 Hour time frame moving trendline support price has taken reversal several times from here. Also on a Breakout.
◼️Entry: $0.01529 - $0.001383
🟢 Target 1 : 0.01606
🟢 Target 2 : 0.01684
🟢 Target 3 : 0.01842
🟢 Target 4 : 0.01993
🟢 Target 5 : 0.02301
🛑SL : 0.01297
@ChartsSignalsTrading
🇭🇰 Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services
Hong Kong's central bank issued guidance for authorized institutions interested in offering custody services for digital assets as the territory attempts to reclaim its title as a crypto hub. The Hong Kong Monetary Authority (HKMA) guidance issued Tuesday adds to the licensing regime introduced last year that gives crypto exchanges a pathway to operate in a regulated manner.
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🇰🇷 South Korea’s ruling party considers allowing spot bitcoin ETFs in election pledges: report
South Korea’s ruling People Power Party is looking into ways to allow spot bitcoin exchange-traded funds (ETF) as part of its campaign promises for the upcoming general election in April, according to a local media report on Monday. Aside from spot bitcoin ETFs, the right-wing party said it will review legislative measures to approve other cryptocurrency-related investment products that have been greenlit in the U.S., South Korean news agency News1 reported.
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⚪️ Worldcoin price sets all-time high on back of Sora AI launch, up 100% in a week
The price of worldcoin has set a new all-time high on the back of the launch of OpenAI's Sora AI model. Worldcoin has rallied strongly over the last week, doubling in price on the way to its current value of $5.36, according to The Block's Price Page. It now has a roughly $700 million market cap. Worldcoin is backed by Tools of Humanity, a company with Sam Altman as a co-founder and Chairman. Altman is also the CEO of OpenAI, which launched Sora, an AI model that lets users turn text into video, on Feb. 16.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🥇 Mark Yusko Predicts Bitcoin Surge to $150,000 Post-Halving
Morgan Creek Capital Management CEO Mark Yusko has recently made bullish predictions for bitcoin, foreseeing a rise to $150,000 post-halving. Moreover, he believes that the digital asset’s current “fair value” is $75,000. Speaking on Scott Melker’s “Wolf Of All Streets” podcast, Yusko attributed the upward rally to on-chain activity, Bitcoin Ordinals, and the application of Metcalfe’s law as a fundamental metric.
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🇺🇸 U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan
Tether’s (USDT) dominant position as the largest stablecoin is vulnerable due to its dependence on the American market and pending regulations, JPMorgan (JPM) said in a research report Thursday. Despite Tether not being based in the U.S., regulators are able to exert some control on the stablecoin issuer’s offshore usage through the Office of Foreign Assets Control (OFAC), the report said.
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💰 Solana’s SOL Futures Rack Up $1B in Record Bullish Bets
Bets on futures tracking Solana’s SOL have risen to a lifetime peak of $1.7 billion in the past week, with bulls leading the charge. Notional open interest – or the dollar value locked in the number of unsettled futures contracts – has risen over $700 million since the start of February to $1.7 billion, with $400 million added since Feb.8. This exceeds the $1.4 billion figure set in late December, the previous record when the ecosystem saw a meme coin-led frenzy.
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💰 Bitcoin whales on the rise as numbers hit three-year high as ETFs join cohort
The Bitcoin landscape has witnessed a significant uptick of Bitcoin whales—entities holding 1,000 BTC or more. Their numbers have surged in recent weeks, coinciding with Bitcoin’s rise from $38,000 to $51,000. Currently, there are 1,602 Bitcoin whales, a considerable uptick from 1,482 in January. This surge not only eclipses the March and April 2022 peak of 1,601 whales, but also marks a three-year high unseen since March 2021.
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💰 Craig Wright Fails To Name Anyone He Sent Bitcoin To As “Satoshi”
The computer scientist said his memory fails him in naming one of the hundreds of supposed recipients of “Satoshi’s” Bitcoin. The seventh day of the COPA v. Wright trial kicked off on Tuesday, exposing a glaring weakness in the latter’s argument to convince the court that he is the creator of Bitcoin. When pressed by prosecutors, Craig Wright failed to name a single person outside of the public domain to whom he had sent Bitcoin under the name of Satoshi.
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💰 Why This Year’s Bitcoin Halving Is “Actually Different”: Grayscale
Bitcoin ETFs, Ordinals, and a developer renaissance mean this year’s halving cycle may not play out like the last, the crypto fund claims. The upcoming Bitcoin (BTC) halving is likely a bullish development, but a slew of outside factors mean it likely won’t play out the same as in previous years, according to Grayscale. Last month, the company successfully converted its Grayscale Bitcoin Trust (GBTC) into the world’s largest Bitcoin ETF. The introduction of such ETFs, according to Grayscale, may impact Bitcoin’s price as if it were a second halving within a single year.
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💰 Lower Bitcoin miner revenue after halving will be bolstered by Ordinals fees: Grayscale
About two months from now, in mid-April 2024, Bitcoin will undergo a massive change, halving its reward for miners that successfully complete a block. Known as "halving" or "the halvening," the event is often seen as bullish for Bitcoin, as several halvings in the past have been followed by sustained increases in the price of Bitcoin. This suggests that while scarcity does sometimes influence price, other factors also play a role," the analysts wrote, citing broader macroeconomic conditions as one factor.
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💰 BlackRock, $BLK, CEO this year: Bitcoin is no different than what gold was for thousands of years...it's an asset that protects you.
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitcoin ETFs Outperform Three Decades of U.S. Launches
Bitcoin Spot Exchange-Traded Funds (ETFs) achieved a historic milestone by accumulating over $6 billion in assets within their first month of trading, surpassing any ETF launched in the United States in the past three decades. This accomplishment occurred as Bitcoin rose above $47,000, making Bitcoin Spot ETFs the only ones among over 5,500 ETFs to reach such a significant milestone within the initial 17 trading days.
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💰 Citrea Proposes First ZK Rollup to Make Bitcoin the All-Chain
Citrea, a project that aims to scale Bitcoin through ZK rollups, came out of stealth on Tuesday. The project aims to become a pathway for several initiatives to take advantage of the decentralization and security of Bitcoin while at the same time contributing to scaling and giving developers the ability to adapt Ethereum Virtual Machine (EVM) apps into the protocol.
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💰 Apple co-founder Steve Wozniak says, "Bitcoin is safe, stable, and conservative”
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