Crypto | Ethereum | Bitcoin

2024-03-24 21:25:00 Bitcoin’s 15% Correction Propelled by Profit-Taking but Bull Cycle Is Far From Over: CryptoQuant

Bitcoin (BTC) had entered a period of price correction following its ascent to an all-time high of $73,700. Miners, whales, and other market participants, including large investors, had begun selling their BTC to make profits. However, analysts at CryptoQuant believe the Bitcoin bull cycle is far from over, as price valuation metrics are largely shy from levels seen in past market tops.

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2024-03-24 08:30:36 "Sometimes people use a Stock-to-Flow model to try to value Bitcoin and compare it to gold.

When you do have a halving, you're gonna have half as much over that next year to base your s2f on.

Just by math, if it was worth x, it will be worth 2x"

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2024-03-23 21:19:56 EU enacts ban on anonymous crypto transactions via self-custody wallets

In a recent regulatory change, the European Union (EU) has prohibited cryptocurrency transactions of any value made through unidentified self-custody crypto wallets. This update is a component of the region's newly implemented Anti-Money Laundering (AML) regulations. According to a post by Patrick Breyer, a member of the European Parliament for the Deutsch Piraten Partei, the majority of the EU Parliament’s lead commission endorsed the prohibition on March 19.

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2024-03-23 11:59:57 SEC pushes back decision on Grayscale Ether futures ETF

The United States Securities and Exchange Commission (SEC) has extended the deadline yet again to decide on the approval of digital asset management firm Grayscale’s Ethereum Futures Trust exchange-traded fund (ETF). In a filing published on March 22, the SEC stated that it will postpone the March 31 deadline to May 30 to decide on whether or not to approve Grayscale's Ethereum Futures Trust ETF, which would focus on investing in Ethereum futures contracts.

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2024-03-22 19:54:58 Crypto Exchange Okx Shuts Down Services in India Due to Regulations — Advises Users to Withdraw All Funds

Cryptocurrency exchange Okx has notified its users in India that the platform is shutting down services in the country “due to local regulations.” The exchange has advised users in India to “withdraw all funds” from their accounts by the end of April. The Indian government has not regulated crypto and the country’s finance minister recently stressed that crypto assets are not currencies.

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2024-03-22 08:44:58 Bitcoin (BTC) Price Recovers But Danger Still Looms: QCP Capital

Bitcoin’s setback below $61,000 triggered a market-wide correction. Despite the inflow of fresh capital, the leading crypto asset registered 15% in weekly losses at one point after hitting new all-time highs earlier this month. QCP Capital’s analysis suggests that the Bitcoin bull market is far from over while simultaneously highlighting a continued liquidity rotation, which is likely to propel the asset to new highs post-halving. Having said that, a “violent” near-term correction due to lingering leverage might transpire.

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2024-03-21 18:34:57 Coinbase legal chief argues SEC has ‘no good reason’ to deny spot Ethereum ETFs

Amid ongoing speculation surrounding the prospect of spot Ethereum exchange-traded fund approvals in the United States, Coinbase Chief Legal Officer Paul Grewal said the Securities and Exchange Commission has “no good reason” to deny the ETF applications. “Sigh... again with the ETH misinformation as we await a decision on ETH ETPs,” Grewal wrote on X. “Millions of Americans hold ETH; it has been vital to crypto since its 2015 launch; and ETH is a commodity, not a security.”

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2024-03-21 08:44:57 Bitcoin rebounds to $68k after Fed decides to maintain rates as expected

The US Federal Reserve announced on March 20 that it would keep interest rates steady at 5.25% to 5.5% — aligning with market expectations and easing concerns of a more aggressive tightening of monetary policy. Additionally, the Federal Open Market Committee (FOMC) maintained its projection for a rate cut within this year, signaling a cautious but optimistic outlook for the economy.

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2024-03-20 19:04:59 TON Foundation launches Toncoin community rewards initiative worth over $100 million

The TON Foundation, a non-commercial group of contributors behind The Open Network (TON) blockchain, has launched the first round of a Toncoin community rewards initiative named The Open League, valued at more than $115 million at current prices. Following a successful pilot program, The Open League will distribute 30 million Toncoin to competing projects and TON ecosystem users starting April 1.

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2024-03-20 09:35:00 Bitcoin and ether perpetual futures funding rates still elevated despite downturn in spot prices

Bitcoin and ether perpetual futures funding rates are still elevated despite the spot prices of each asset falling by 7% and 6% respectively, in the past 24 hours. The global cryptocurrency market cap fell 5.8% in the past 24 hours to $2.5 trillion, according to CoinGecko data. This means that speculators are still adding to leveraged longs on the dip," Tuesday's QCP Capital market report said.

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