Bitcoin has led the crypto advance this year, but altcoins could start outperforming soon, analysts said.   Bitcoin (BTC), the largest and oldest cryptocurrency, has been leading the digital asset rally of late, but there are early signs of a so-called “altcoin season” impending, when smaller tokens are outperforming, analysts said. BTC is already near its all-time high set in 2021, hitting $64,000 this week alongside strong inflows into spot bitcoin ETFs. It’s gained 48% since the start of the year, while the broad-market CoinDesk 20 Index (CD20) was up 33% during the same perio ..read more

Veteran trader Peter Brandt has provided an update on his BTC price prediction. He explained that the price target for “the current bull market cycle” scheduled to end in Aug/Sep next year has been raised from $120,000 to $200,000. Peter Brandt on Bitcoin Bull Market Cycle Peter Brandt provided an update on his BTC price prediction as the price of BTC hit $57,000 and nine spot BTC exchange-traded funds (ETFs) broke their all-time trading volume record on Monday. Referencing his chart below, Brandt wrote on social media platform X: With the thrust above the upper boun ..read more

Scott Melker, known as the “Wolf Of All Streets,” anticipates a surge in Bitcoin prices following the upcoming halving. This projection aligns with the historical trend where BTC experiences price appreciation after each halving event, reducing the rate at which new coins are generated. The anticipation of decreased supply often fuels upward price movements. Monero, on the other hand, faced a significant setback as its market plunged by 32%. This decline was triggered by Binance’s announcement of delisting due to non-compliance issues. Binance’s move to remove Monero from its platform raised ..read more

China : Despite government crackdowns and widespread rumours that cryptocurrency is illegal in China, the trade remains very much alive. How is this possible? Despite various Western media sites proclaiming China’s crypto “ban,” the cryptocurrency trade is still very much alive on mainland China. Binance claimed $90 billion in Chinese cryptocurrency trades in a single month last year, making it the largest market for the world’s largest exchange. How is that possible? It’s tempting to spin this into a parable about the ability of decentralised money to evade government oversight, and there i ..read more

BITCOIN : Scaramucci also praised BlackRock CEO Larry Fink for “[doing] his homework” on BTC and changing his mind on the asset. Anthony Scaramucci sees bitcoin soaring to at least $170,000 after the halving in April. (Shutterstock/CoinDesk) Skybridge Capital founder and managing partner Anthony Scaramucci sees bitcoin (BTC) soaring to at least $170,000 after the halving in April, when the number of new BTC entering circulation shrinks again. “Go back and look at BTC halving cycles,” Scaramucci said on the Scott Melker podcast. “The day that Bitcoin halves, multiply it by four [and ..read more

The fund now holds nearly 50,000 bitcoin after adding almost another 4,300 tokens on Thursday. BlackRock’s iShares Bitcoin ETF on Friday became the first of the recently launched spot products to reach $2 billion in AUM (Jim.henderson/Wikimedia Commons) The BlackRock iShares Bitcoin ETF (IBIT) on Friday became the first of the recently launched spot bitcoin products to reach $2 billion in assets under management (AUM). This doesn’t include Grayscale’s GBTC, which had nearly $30 billion in AUM at the time of its conversion from a closed-end fund to a spot ETF. Investors added about $170 mi ..read more

Bitcoin : Crypto whales, entities with ample token holdings, appear to be snapping up bitcoin (BTC) at cheaper prices as the leading cryptocurrency continues to slide in the aftermath of the recent U.S. spot ETFs debut. bitcoin has dropped nearly 19% to $39,770 since the spot ETFs began trading in the U.S. on Jan. 11, CoinDesk data show. That has some crypto whales bargain-hunting bitcoin on digital assets exchange Bitfinex, one of the top 10 exchanges by trading volumes. Bitfinex whales are notorious for making waves in the market. Data from TradingView shows that over ..read more

Bitcoin Halving : After investors “sold the news” of the launch of bitcoin ETFs, market watchers are looking for the next event that could drive market prices. Now that spot bitcoin exchange-traded funds (ETFs) are live in the U.S., market watchers are looking for the next potentially bullish event to drive cryptocurrency gains. Following the U.S. Security and Exchange Commission’s (SEC) long-awaited decision to approve these financial products, bitcoin ETFs have simultaneously overperformed and underwhelmed expectations – representing the pluses and minuses of a market driven by hype. The ..read more

Solana Mobile to Sell Second Crypto Smartphone: Source The successor of Solana to Saga will have new hardware and a cheaper price point, according to a person familiar with the plans. Solana Mobile plans to launch a second smartphone as it looks to ride the unlikely success of its first crypto-ready smartphone, a person familiar with the matter said. The upcoming phone will have the same basic features as its predecessor, called Saga: an onboard crypto wallet, custom Android software and a “dApp store” for crypto applications – but at a cheaper price point and with different hardware, the ..read more

Indiana is adding its name to the list of states that intend to guarantee the crypto-currency rights of its citizens. A cryptocurrency bill that guarantees the non-intervention of the state government of Indiana in cryptocurrency self-custody, mining, validation, and other issues was recently introduced by Rep. Heath VanNatter in the Indiana General Assembly (IGA). Blockchain and Cryptocurrency Rights Law Introduced in Indiana Indiana might be one of the first states to guarantee crypto-currency rights for the state’s residents. On January 11, Rep. Heath VanNatter of the Indiana General Assem ..read more