Pinakabagong Balita sa Crypto at Market Updates

Bitcoin Halving Prediction: BTC Price To Surge Nearly 400% Before 2024, Says Tom Lee

Bitcoin　　Prediction ng Bitcoin Halving: Tataas ang Presyo ng BTC Halos 400% Bago ang 2024, Sabi ni Tom Lee　　11 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The excitement within the cryptocurrency community is brewing as they eagerly anticipate the potential approval of a Bitcoin exchange-traded fund (ETF), which could have a significant impact on BTC prices. One notable analyst, Tom Lee, the managing partner of Fundstrat Global Advisors, is optimistic about Bitcoins future and has made a bold prediction. He believes that Bitcoin could reach 6 figures before the scheduled halving in 2024.　　Tom Lees Bold Predictions: BTC on a Track of $180K？　　In a recent research note, Lee explained that the approval of a spot Bitcoin ETF could trigger a substantial rally, driving BTCs price to an impressive range of $140,000 to $180,000 by April next year. This forecast indicates a remarkable increase of 380% to 516% from the current levels.　　All eyes are on the projected range, will it change the game？ Having said that he makes it clear that if you introduce ETF, the daily demand can go up to $125 million, while the daily supply remains at $25 million. As a result, the implied equilibrium price would have to rise

2023-07-28Industriya

Fireblocks, Astar Network Pair Up to Drive Institutional Crypto Access

crypto　　Mga Fireblock, Astar Network Magpares para Magmaneho ng Institusyonal na Crypto Access　　9 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Fireblocks, an institutional-grade platform for adopting digital assets, has partnered with Astar Network, a platform compatible with Ethereum Virtual Machine (EVM) and WebAssembly (Wasm). Through this partnership, digital assets and DeFi could open up to more than 650 banking and institutional entities worldwide.　　With Fireblocks, institutional investors such as banks, hedge funds, exchanges, and OTC traders can access and manage their digital assets on Astar. The partnership also allows these institutions to employ Fireblocks‘ multiparty computation technology-based wallet infrastructure for reaching Astar’s assets, including the top-rated Astar-based DeFi protocol, ArthSwap.　　“Fireblocks has always focused on facilitating institutional adoption in the digital assets industry,” commented Stephen Richardson, managing director, financial markets and head of APAC of Fireblocks.　　Astars interoperability lets users engage with DApps on both Ethereum and Polkadot ecosystems. The Fireblocks integration will allow institutional investors keen on adding digital assets to their portfolios to access functionalities like trading, swaps and digital assets lending on the Astar platform:　　“Its multiparty computation technology has earned it clients from traditional finance, such as BNY Mellon, ANZ Bank and NAB, as well as Japanese trading platforms, including CoinTrade.”　　Maarten Henskens,

2023-07-28Industriya

Will it Rebound from Here?

Tech　　Rebound ba ito mula Dito？　　8 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The Cardano (ADA) price is trading slightly above diagonal and horizontal support after failing to sustain its increase due to a previous breakout. 　　Whether the price bounces or breaks down could be the catalyst that determines the future trends direction.　　Cardano Price Bounces After Breakout　　The daily time frame technical analysis shows that the ADA price outlook is positive for several reasons.　　To start with, ADA recently broke out of a short-term descending resistance line that had been present since April 13. This breakout serves as a strong and clear bullish signal. It means that the bearish trend is over, and a new bullish trend has begun.　　Furthermore, the price successfully reclaimed the $0.30 area, which is now expected to act as support. Even though the price has not bounced, transaction volume reached a 3-month peak as bulls defended the area.　　Following the breakout, the price temporarily dropped but found support at both the previously mentioned resistance line and the $0.30 area before rebounding (green icon). If the bounce continues, the next resistance will be at $0.36, a 15% increase from the current price.　　Pang-araw-araw na Tsart ng ADA/USDT. Pinagmulan: TradingView　　Additionally, the daily Relative Strength

2023-07-28Industriya

ETH vs. SOL Altcoin Battle: Who Would Win The Bull Run Race?

crypto　　Ethereum　　ETH vs. SOL Altcoin Battle: Who Would Win The Bull Run Race？　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Potential investors and the community are closely watching the well-known two rivals of the crypto market — ETH and SOL.　　Indicators show that ETH could experience a bullish trend soon as buyers gradually enter the market.　　SOL shows signs of an early start which could be caused due its falling wedge pattern.　　The crypto community is highly anticipating the cryptocurrency‘s state after the Fed Meeting. Among the many digital assets, potential investors and the community are closely watching the well-known rivals of the crypto market — ETH and SOL. Let’s take a closer look at these altcoins price sentiments over time.　　Pagsusuri ng Presyo ng Ethereum　　Looking at ETH/USDT 3-hour chart, the candlesticks are currently trading at $1,855, just below the Bollinger Bands middle line. In the mid-week of June, ETH, along with other altcoins, experienced a surge in their prices. This gigantic spike created the opportunity for ETH to cross beyond the $2,000 barrier.　　However, ETH‘s residence in the $2,000 level was short as it was kicked out by the sudden raid led by the bears. The surprise attack weakened ETH’s price gradually and the altcoin struggled

2023-07-27Ethereum

Stocks making the biggest moves premarket: GOOGL, MSFT, PACW, SNAP

Pananalapi　　Stocks making the biggest moves premarket: GOOGL, MSFT, PACW, SNAP　　Balita ng Ethereum ng Bitcoin　　Google headquarters in Mountain View, California, US, on Monday, Jan. 30, 2023. Alphabet Inc. is expected to release earnings figures on February 2.　　Marlena Sloss | Bloomberg | Getty Images　　— The Google parent popped more than 6% after topping Wall Streets second-quarter earnings expectations, fueled by growth in its cloud-computing segment. The company also announced that its chief financial officer, Ruth Porat, would step into a new role as president and chief investment officer.　　— The software giant lost about 4% after reporting slowing revenue growth within its cloud business during its fiscal fourth quarter and called for lower-than-expected guidance. Microsoft, however, did beat Wall Streets estimates, reporting earnings of $2.69 per share on $56.19 billion in revenue. Analysts polled by Refinitiv anticipated earnings per share of $2.55 on revenue of $55.47 billion.　　— Shares of the regional bank stock jumped more than 28% on news that it will be acquired by Banc of California to create a new firm called Pacific Western. Banc of California shares added about 6%.　　— The Snapchat parent shed more than 18% after issuing weak guidance for the current quarter. Snap topped second-quarter expectations, reporting

2023-07-26Industriya

XAU/USD to gain on indications that Wednesday’s rate hike will be the last – Commerzbank

Economists at Commerzbank analyze how Wednesdays Fed meeting could impact Gold price.　　Fed meeting in focus　　How the Gold price develops in the coming weeks will be dictated to a considerable extent by the Feds further rate outlook following the expected rate hike.　　If the Fed remains vague as regards its strategy for subsequent meetings, the market is likely to stick with its current rate hike expectations for now. This would preclude any price increase for the time being.　　On the other hand, Gold is likely to gain and make a renewed bid for the July high if there are any clear indications that Wednesdays rate hike will indeed be the last in the current cycle.

2023-07-26Industriya

Heres what to expect from the Federal Reserve meeting Wednesday

WASHINGTON, DC – JUNE 21: Federal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, D.C. Powell testified on the Federal Reserves Semi-Annual Monetary Policy Report during the hearing.　　Manalo sa Mcnamee | Getty Images Balita | Getty Images　　Despite an improving inflation picture, the Federal Reserve is expected on Wednesday to approve what would be the 11th interest rate increase since March 2022.　　Investors are hoping it will be the last one for a long time.　　Markets are pricing in an absolute certainty that the Fed will approve a quarter percentage point hike that will take its benchmark borrowing rate to a target range of 5.25%-5.5%. That would push the upper boundary of the federal funds rate to its highest level since January 2001.　　The more pressing matter will be whether Federal Open Market Committee officials feel they‘ve gone far enough or if there’s still more work to do in the fight against pernicious inflation.　　“The signal will probably be, yes, we‘re hiking, but then we think we can sit here for a while and see,” said Kathy Jones, chief fixed income strategist at Charles Schwab. “But no promises. They can’t give up the option.”　　Indeed, the Feds

2023-07-26Industriya

FOMC preview: Brace for impact

As the upcoming FOMC meeting looms tomorrow, July 26, anticipation builds up around the Federal Reserves projected interest rate hike of another 25 basis points.　　Market estimates attribute a near-certainty to this adjustment, assigning it a 99% probability. This increment would bring the federal funds rate to a range between 5.25 and 5.50 percent, aligning it with the peak rate witnessed in 2008.　　Don Johnson‘s analysis suggests an unprecedented trajectory of the Federal Reserve’s actions in the current cycle. In his assessment, the rate hikes during this period have surpassed those implemented in earlier cycles, specifically those in 2018, 2006, 2000, 1995, 1989, 1987, 1984, 1982, and 1960.　　The table below provides a comparative perspective on previous rate hiking schedules, showcasing the intensity and speed of the current rate hikes.　　One of the most pressing concerns is whether the economy, laden with considerable debt, can withstand these swift and substantial adjustments.　　Fed Hiking: (Source: Federal Reserve)

2023-07-26Industriya

Trader Makes Dogecoin (DOGE) Prediction Amid Elon Musk’s Twitter Rebrand – Here’s His Outlook

A widely followed crypto analyst is predicting that Elon Musk will spark a big Dogecoin (DOGE) move after he completes a rebrand of Twitter.　　Pseudonymous analyst na si Kaleo nagsasabi his 594,000 Twitter followers that he believes Musk will soon integrate Dogecoin into the popular microblogging platform.　　Kaleo predicts in the next several weeks, Elon Musk will announce plans for some type of integration of DOGE into the social media platform, echoing similar rumors from earlier this year.　　Pati si Kaleo sabi ni that the Dogecoin against Bitcoin (DOGE/BTC) chart appears bullish after a breakout through a long downward resistance. In the shorter term, he says that Dogecoin will likely soon see a small market correction before it resumes an upward trend.　　Pinagmulan: Crypto Kaleo/Twitter　　kaleo hinuhulaan that DOGE will eventually reclaim the $0.10 level and beyond.　　Dogecoin is trading for $0.0774 at time of writing, up 4.9% during the last 24 hours.

2023-07-26Industriya

Federal Reserve Bank of San Francisco Seeking ‘Crypto Architect’ for CBDC Project

The Federal Reserve Bank of San Francisco is looking for a senior crypto architect to perform research and development relating to a central bank digital currency (CBDC).　　The Feds western regional bank posted a job ad for the position on LinkedIn and Indeed.　　The San Francisco Fed says the senior crypto architect will serve as a lead application developer and “implement example systems related to a CBDC.”　　The job will pay a minimum of $134,900 a year, according to the Indeed posting.　　Its not the first CBDC-related job the central bank has looked to fill. The San Francisco Fed also posted a job ad for a CBDC product manager three weeks ago and was looking for a digital currency senior application architect in February. That latter position appears to have been filled.　　Just last week, the Fed officially launched its new instant payment infrastructure, FedNow. The bank sabi ni on Twitter that the service is not related to a central bank digital currency (CBDC) and is not a step toward eliminating cash.　　Federal Reserve Chair Jerome Powell has said in testimony to the House Financial Services Committee in March that the Fed would require Congressional approval to implement a digital currency.

2023-07-26Industriya

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