Crypto Market Time

2024-03-15 11:10:00 JPMorgan says bitcoin rally 'propagated' by retail and speculative institutional investors

The recent surge in bitcoin and the broader crypto market is primarily driven by retail and speculative institutional investors buying both gold and bitcoin futures rather than investors shifting from gold to bitcoin, according to JPMorgan analysts. Since their launch earlier this year, spot bitcoin exchange-traded funds have seen heavy inflows, while gold ETFs have witnessed outflows.

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2024-03-14 21:22:20 Net $680 million flows into Bitcoin ETFs as Grayscale outflows tick back up to $276 million

Bitcoin ETFs continued their strong performance on March 13, with a net inflow of $683.7 million, according to data from Bitmex Research. This marks another positive day for Bitcoin ETFs, following the surge in inflows seen on March 12. Per Bitmex Research ETF flow data, BlackRock’s iShares Bitcoin ETF (IBIT) again led the way, attracting $586.5 million in new investments. Fidelity’s FBTC fund also maintained its momentum, with inflows of $281.5 million.

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2024-03-14 12:35:58 Elon Musk says Tesla will enable $DOGE payments "at some point, Dogecoin to the moon."

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2024-03-13 23:20:00 EU publishes draft rules for stablecoin issuer complaint procedures

The EU has published draft regulatory standards for issuers of stablecoins when dealing with complaints. Wednesday's Regulatory Technical Standards (RTS) set procedures for the "prompt, fair and consistent handling of complaints by holders of ARTs," or asset reference tokens, outlining specific guidelines and requirements for stablecoin issuer complaint management policies and procedures.

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2024-03-13 08:20:38 Coinbase sells $1 billion bond as crypto and the company's stock prices soar

Seizing on a chance to get debt while its stock price is near its 26-month high in the wake of a crypto rally, Coinbase announced plans Tuesday to sell $1 billion in debt to institutional investors. This move aims to shore up funds to repay its existing debts and cover its corporate costs. The sale of the notes, which would mature in 2030, could add up to $1 billion to the company's liabilities, bringing its debt to $4 billion.

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2024-03-12 22:06:43 Thailand allows asset firms to access spot bitcoin ETFs for professional investors: report

Thailand’s financial regulator has adjusted relevant regulations to allow investments in U.S. spot bitcoin exchange-traded funds (ETFs) for professional investors, according to local media. The Bangkok Post reported today that Thailand’s Securities and Exchange Commission has permitted asset management firms to launch funds for investing in U.S. spot bitcoin ETFs available for institutional investors.

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2024-03-12 11:25:00 Biden’s 2025 budget targets crypto tax loopholes, expands digital asset oversight

The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025.

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2024-03-11 19:46:50 Cathie Wood sees Bitcoin at $1 million sooner than 2030 after record ETF performance

ARK Invest CEO Cathie Wood recently declared that Bitcoin (BTC) will surpass the $1 million mark well before the anticipated year of 2030, which was her firm’s previous bull-case timeline. This updated price target comes as a result of new institutional involvement and significant regulatory milestones, especially the US approval of the first spot Bitcoin exchange-traded funds (ETFs).

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2024-03-10 20:56:53 No ‘Flippening’ Expected, but Ethereum Poised to Outperform Bitcoin: VanEck Executive

The introduction of spot Bitcoin ETFs has attracted a fresh influx of investors, driving a notable increase in trading volume. This trend has generated a wave of optimism that extends beyond Bitcoin itself. But this hasn’t made the launch of a spot Ethereum ETF any earlier as the US Securities and Exchange Commission (SEC) is currently evaluating the possibility of such a fund. Despite the uncertainty, experts appear to be bullish on the trajectory of the world’s largest altcoin.

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2024-03-10 14:29:44 #Market Update:

BTC is currently above 69k level which is a bullish sign for the further bullish momentum BTC needs a weekly closure above it

The Next week Major events :
-US CPI tomorrow
-US PPI and Retail sales day after tomorrow

As we have a weekly closure tonight and major events coming so volatility is expected trade cautiously and must use Sl.

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