Why Standard Chartered reviewed its Bitcoin price forecast to $150,000

Global financial giant Standard Chartered has revised its forecast for Bitcoin’s price, now foreseeing the flagship digital asset soaring to $150,000 by year-end, citing favorable market conditions. Earlier in the year, the bank’s head of crypto research, Geoffrey Kendrick, predicted that the BTC price would climb to $100,000 by the end of the year and… Continue reading Why Standard Chartered reviewed its Bitcoin price forecast to $150,000

I was wrong. Why I changed my opinion on Bitcoin in 2024.

If you’re a keen reader of CryptoSlate, you may have noticed that our editorial style avoids referring to Bitcoin as ‘crypto.’ This isn’t accidental, and the choice was not pedantic. We believe that Bitcoin stands apart from other digital assets we traditionally classify under the broad term ‘crypto.’ I stand behind this vision; however, it… Continue reading I was wrong. Why I changed my opinion on Bitcoin in 2024.

Most volatile weekend in a year as Solana dominates yet Bitcoin recovers

Bitcoin had the most volatile weekend in a year as Bitcoin slipped as low as $64,550 after reaching a new all-time high of $72.760 on Thursday, March 14. As of press time, Bitcoin has recovered to trade around $68,300. However, several price swings of between 3% – 7% have been prevalent throughout the weekend. Bitcoin… Continue reading Most volatile weekend in a year as Solana dominates yet Bitcoin recovers

Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire

MicroStrategy could raise as much as $600 million from its latest convertible debt offering to purchase more Bitcoin . However, JPMorgan analysts have reportedly cautioned that the firm’s reliance on debt to purchase Bitcoin could exacerbate a market downturn. The firm, led by BTC advocate Michael Saylor , has acquired over 15,000 BTC worth nearly… Continue reading Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire

AI crypto traders take profits pushing tokens down up to 20% after scorching 2024 rally

After a face-melting rally in the AI crypto sector over the past few months, investors appear to have taken a profit-taking approach over the past few days. The sector soared past $10 billion in mid-February, buoyed by Bittensor’s remarkable climb to a $4 billion market cap with an increase of over 220% in 2024. By… Continue reading AI crypto traders take profits pushing tokens down up to 20% after scorching 2024 rally

Trail of Bits completes Worldcoin security audits, finds no vulnerabilities

Cybersecurity firm Trail of Bits has concluded the audit of Worldcoin’s ORB technology and found that it adheres to stringent privacy protocols, particularly in how it processes and stores personally identifiable information (PII). The full report was released on March 13 and revealed that there are no vulnerabilities in the ORB software and validated many… Continue reading Trail of Bits completes Worldcoin security audits, finds no vulnerabilities

Samson Mow says Bitcoin will hit $1 million this year amid unprecedented demand

Jan3 CEO Samson Mow said Bitcoin is on track to hit $1 million per coin this year or the next based on market conditions, the upcoming halving, and broader economic factors. Mow made the statement during a podcast appearance on March 12, reaffirming previous predictions regarding Bitcoin reaching a seven-figure price level. Mow’s bullish stance… Continue reading Samson Mow says Bitcoin will hit $1 million this year amid unprecedented demand

Analysts lower odds of Ethereum ETF approval to 35%

In a recent shift of perspective, Bloomberg analysts have significantly lowered the forecast for the approval of a spot Ethereum exchange-traded fund (ETF) by May — setting the probability at a mere 35%. According to Eric Balchunas , the odds are down sharply from previous estimates, which ranged between 60% and 70%. The revision reflects… Continue reading Analysts lower odds of Ethereum ETF approval to 35%

Bitcoin leverage above $66k wiped out creating new floor for higher price discovery

Recent data on Bitcoin liquidations and leverage levels indicates unique price discovery activity as longs and shorts have been swept from the market. Much of the leveraged positions were shaken out last week as Bitcoin saw volatile price actions around the US market open. The liquidation chart from CoinGlass below highlights how trading activity on… Continue reading Bitcoin leverage above $66k wiped out creating new floor for higher price discovery

Proof of Stake cut $21 billion ETH from circulation as deflation falls to 1.4%

The Ethereum network has seen a reduction of 417,413 ETH in supply since transitioning to a Proof-of-Stake (PoS) consensus mechanism in September 2022, per data from ultrasound.money . In the 540 days since The Merge, 1,509,991 ETH has been burned while the network has issued 1,092,578 new ETH, resulting in a net decrease. As of… Continue reading Proof of Stake cut $21 billion ETH from circulation as deflation falls to 1.4%