Fidelity Digital Assets suggests Bitcoin is currently undervalued, citing the ‘Bitcoin Yardstick’ metric and increased illiquid supply. This comes as US jobs data sparks hopes for Federal Reserve rate cuts, potentially boosting Bitcoin’s price. BlackRock’s IBIT ETF also saw significant inflows, further supporting the bullish sentiment.
Tag: Bitcoin Adoption
Bitcoin Price Rally: How Weak Economic Data Could Fuel a Rise to $140,000
Analyzing the correlation between weak JOLTS data and consumer confidence with potential Bitcoin price rallies, exploring historical patterns and future predictions.
Ethereum ETF Staking Impact Hinges on Sustained Rally: Expert Analysis
Bloomberg ETF analyst Eric Balchunas suggests that the approval of staking for spot Ether ETFs won’t significantly boost inflows unless Ether experiences a prolonged price rally and a compelling market narrative.
Bunq Expands into Crypto: A Comprehensive Guide to the Neobank’s New Offering
Bunq, the second-largest neobank in Europe, has launched Bunq Crypto, allowing users in select European countries to invest in over 300 cryptocurrencies. This guide explores the reasons behind the expansion, the partnership with Kraken, and what it means for the future of finance.
Bitcoin ‘Hot Supply’ Nears $40B Amidst New Investor Influx at $95K: A Detailed Analysis
Explore the recent surge in Bitcoin’s ‘hot supply’ as new investors enter the market, driving prices towards $95,000. This analysis delves into the implications of increased speculative capital and network activity.