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Bitcoin ETFs are going to surpass gold ETFs at some point, according to Bloomberg Senior ETF Analyst Eric Balchunas.The only thing that could stand in their way would be some kind of black swan event, he said.
Major memecoins have sustained a 24-hour rally, with the Solana-based dogwifhat leading the charge.The total cryptocurrency market cap fell 0.2% over the past day, with bitcoin and ether posting downturns of 0.3% and 2.5% respectively.
Analysts at Bernstein have projected the overall crypto market cap could surge threefold to $7.5 trillion by the end of 2025.Growth will be led by the Bitcoin and Ethereum ecosystems amid “unprecedented” institutional adoption, the analysts said.
While Dencun’s fee reduction for L2s is a significant bonus, it’s not the main benefit of the upgrade, Fuel Labs’ Nick Dodson told Cointelegraph.
- 09:32Macro Outlook for Next Week: Bitcoin Continues to Push Towards $100,000, PCE and Federal Reserve Meeting Minutes LoomingPANews reported on November 24th that the US dollar will continue its upward trend into the eighth week, marking the longest rise so far this year, with an increase of about 2.6% so far this month. Bitcoin continues to hit new highs and is aiming for $100,000. The latest developments include Gary Gensler, Chairman of the U.S. Securities and Exchange Commission deciding to step down in January next year; U.S October PCE data and Federal Reserve's November meeting minutes will be the focus of market attention next week. Here are key points that markets will pay close attention to in the coming week: Tuesday at 23:00 - U.S November Consumer Confidence Index, U.S Richmond Fed Manufacturing Index for November; Wednesday at 03:00 - Federal Reserve releases minutes from its November monetary policy meeting; Wednesday at 21:30 - Number of initial jobless claims in the United States as of Nov 23rd , revised value for annualized quarterly rate of real GDP in Q3; Wednesday at 23:00 - Annual/Monthly Core PCE Price Index for October in US, Monthly Personal Spending Rate for October in US; Friday at 22:45 – Chicago PMI for November (All times are UTC+8).
- 09:25Opinion: Currently, the premium on Korean Kimchi is about 0%, which may indicate that BTC still has room to riseSean Farrell, the head of digital asset strategy at Fundstra, said in the latest client report that "friends and family" have started asking about cryptocurrencies again. From quantifiable market indicators, the current situation does not show a bubble like the rebound in March or cyclical peak at the end of 2021. For example, the current Kimchi premium index data for South Korea's market is approximately 0%, indicating a lack of excessive excitement among Korean traders. Usually, if the market reaches its peak, kimchi premiums would surge to more than 10%. The rise over the past week should not be seen as purely speculative prosperity; Bitcoin may still have room to grow.
- 09:24A certain smart investor put in 1 SOL to buy the meme coin Mustard early on, and has already made a profit of over 4000 times returnAccording to GMGN data, a savvy investor initially invested 1 SOL in the meme coin Mustard at an average cost of $0.0592523. The investment has now yielded a return of 4424 times, approximately $882,000 USD. In addition, this address gradually sold some tokens during the rise for profit and has already sold $82,000 worth while still holding tokens valued at $843,000 USD.
