Cryptocurrency

Is a Crypto Bull Run Coming?

Is a Crypto Bull Run Coming? There is never a shortage of crazy forecasts and expensive mistakes in cryptocurrency, and today is no exception. Let’s get straight into those stories to ensure you are always current. Is a Crypto Bull Run Coming? What we are going to talk about today is as follows:

Singapore Restricts Retail Trading

Retail cryptocurrency trading is being heavily regulated in Singapore. According to the new regulations, crypto platforms will no longer be able to take credit card payments or provide trading incentives as of mid-2024.

Officials’ scepticism that cryptocurrencies perform poorly as money in the face of extreme price fluctuations appears to be the cause of the clampdown, which is portrayed as a protection. After this, where does the city-state stand with cryptocurrency trading? Will the volume be handled locally or sent offshore? How may the limitations affect the patterns of adoption in different regions?

Also Read: Why Should Crypto Traders Watch US Macros and Fed?

Officials do not want market-intoxicated customers to make hasty financial decisions they may later regret. Even though it would likely result in lower profits during the next price run, Singapore will continue to oversee the growth of its retail cryptocurrency.

Bull Market Is Coming

Bull Market Is Coming

Big bitcoin exchanges in Australia anticipate brighter days. Numerous Australian exchange executives cited price recovery, new coin listings, increased volumes as more assets change hands, and, most encouragingly, new traders returning after months of disappointment.

Fresher hires and rising prices boost company leaders’ optimism. Prudence applies when facing unprecedented adoption curves. Crypto Bull Run Coming: Coin bull markets have growing prices and favourable investor enthusiasm. The bull is rushing up! Expectations of price increases lead more investors to buy cryptos. Increasing demand raises prices.

Soon, crypto charts will have green candles everywhere! Bitcoin and other major cryptos surge to record highs. Investing in blockchain technology is exciting, and people dread missing out. New cryptocurrency ICOs raise loads of money quickly. Only occasionally dipping, the bull keeps galloping. Cryptocurrency investment grows. Once the bull market reaches exhaustion, crypto enters a bear market and hibernates until the next bull run.

$70 Billion Coming to Crypto

Glassnode sees plenty of dry powder for SEC approval of a Bitcoin ETF. According to the model, up to $70 billion may shift from standard ETFs to Bitcoin ETFs. Upon regulatory approval, investors may move their portfolios to digital assets. Consider investing 10% of stock/bond fund capital in blockchain.

Crypto Bull Run Coming: Bitcoin’s limited supply means that demand could exceed supply if an ETF unleashes latent demand among new adopters. The promise is bright, but wisdom advises tempering joy with restraint. If an ETF develops, demand may exceed scarce liquid coins for transacting.

$3M Bitcoin Transaction Typo

This week, a Bitcoin sender made a record-setting pricetag error, losing over $3 million on a single transaction charge. Perhaps they thought sats were Bitcoins. Somebody probably hit “submit”, and their phone zoomed out the window. Even though network activity is driving up transaction prices, at $3 million, the average $14 network fee feels like a bargain.

El Salvador’s Bitcoins in Loss

After purchasing Bitcoin during a market slump, El Salvador’s president is suddenly confronted with an 8% loss. When prices keep falling, buying the dip isn’t as exciting anymore. Who knows? Maybe Bitcoin will soon reach its average buying price!

South Korea’s CBDC Test Run

South Korea’s CBDC Test Run

South Korea is planning to launch a digital currency payment network and is inviting 100,000 people to try it out. Crypto Bull Run Coming: A performance tweaking roadmap based on three months of limited transactions is possible. Will everything work out as neatly as the policymakers anticipate? I guess we’ll find out in the year 2024!
Also Read: Btcnewz.co.uk

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