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The cryptocurrency ONDO has seen an exceptional surge in value, increasing from $0.40 to $0.90, which has resulted in a doubling of its holder base within a one-month span. The market’s response to this increase has led to a significant Market Value to Realized Value (MVRV) Z Score of 3.63, potentially signaling an overvaluation of the digital asset.
Surge in Investor Interest
From the onset of 2024, ONDO has experienced a consistent addition of 100 to 300 new investors daily, culminating in a holder count of 4,872 by February 26th. This steady influx, however, accelerated by the last week of March, with the total number of holders surpassing 10,000, thus more than doubling the investor base. Coinciding with this, the price of ONDO rocketed from $0.40 to $0.95 between March 19th and March 25th, representing a significant uptick of 137.5%.
The continued growth could further solidify investors’ confidence in ONDO’s potential and hint at an even steeper price trajectory in the near future. The surge has not only bolstered investor interest but also raised ONDO’s MVRV Ratio, with a notable rise from 1.39 to 3.57 in its Z Score.
Market Valuation Analysis
The MVRV Z Score is utilized to appraise the fairness of a token’s price by comparing the market cap to its realized value and establishing the average price paid by current holders. An unusual deviation in the Z Score can point to periods when a token’s valuation is exceptionally high or low. Despite bullish indicators from the ONDO Exponential Moving Average (EMA) lines, the recent spike in price and elevated MVRV Z Score could lead to a potential market correction.
Experts within the cryptocurrency field have suggested that ONDO may undergo a price correction to around $0.84 before it can aim for new highs. Nevertheless, should the bullish momentum persist, the asset might break past the latest peak of $0.95, potentially reaching the $1 mark.

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While the meme coin frenzy in cryptocurrencies continues, a remark has come from Arthur Hayes, who is perhaps one of the people who brought the World Interbank Financial Telecommunication (WIF) to its present day. Hayes had previously made a significant impact with a photo of himself wearing a hat, supporting the Dogwifhat movement. So, what does Arthur Hayes say about the industry?
Arthur Hayes’ Approach to Meme Coins
Arthur Hayes made a statement saying that trading in meme coins is “more fun” compared to bonds with negative yields, expressing his interest in the growing meme coin frenzy.
In an interview with Scott Melker on The Wolf of the All Streets podcast, Arthur Hayes made important remarks, drawing attention to the Slerf (SLERF) incidents and said:
SLERF, BOME, and whatever else comes, I will trade with it because it’s more fun.
Hayes’ statement parallels his belief that traditional finance (TradFi) is displaying a disheartening attitude during a period when currencies are increasingly losing value (fiat currency devaluation).
Considering all this, Hayes made a statement suggesting that crypto investors would rather go the meme coin route than suffer losses due to TradFi, adding:
I don’t want to give my money to a man or woman in a suit to invest in a bond with negative yield.
Despite all this, the notable figure also pointed out that holding meme coins for too long during bull cycles could pose significant risks and losses to investors. He also cautioned investors not to succumb to FOMO just because major exchanges and companies are making statements about meme coins.
Trying to intellectualize this too much will probably cause you to lose a lot of money.

Perspectives on Meme Coins
Hayes also drew attention to spam and scam projects emerging in meme coins, particularly as seen with Solana.
Solana is the chain where activity happens. Activity equals SOL burning; so it’s being used for something at least.
Anatoly Yakovenko, co-founder of Solana, also recently stated that the activities caused by meme coins are seen as a “stress test” for the network’s future growth, which they welcome. During this process, it appears that Avalanche (AVAX) and Coinbase’s Base Protocol have also become involved.
Meanwhile, Arbitrum (ARB) jumped on the meme coin train during the FOMO process and announced the establishment of an Arbitrum Memecoin Fund.
At this point, the undeniable influx of new liquidity, users, and interest that memecoins bring to the relevant blockchain is testing dApps and the chain itself, and most importantly, attracting new users and interest to genuinely useful projects.

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Ethereum (ETH) successfully implemented the Dencun upgrade this Wednesday, which is set to lower gas fees for its layer-2 (L2) blockchains. The reduction is made possible by spaces reserved on Ethereum blocks called ‘blobs’, which will store transaction data sent by the L2 networks.
Stani Kulechov, the creator of Aave Protocol and CEO of Avara, stated that this upgrade will provide accessibility to end-users through lower fees, especially for decentralized finance (DeFi) application users. “By reducing these barriers, Dencun paves the way for innovation, adoption, and growth of Ethereum,” he adds.
Edward Wilson, from on-chain data firm Nansen, also highlighted the step towards accessibility that the Dencun upgrade represents. “By reducing these barriers, Dencun sets the stage for enhanced innovation, adoption, and growth across the Ethereum ecosystem.”
However, the decrease in Ethereum’s L2 gas fees is not guaranteed, since the teams behind those projects must adapt to the changes brought by Dencun, explains Bruno Moniz, blockchain engineer at Brazilian digital bank Inter. Thus, not all layer-2 blockchains based on Ethereum might show lower fees in the next hours.
“This involves the following steps, which I imagine devs are being implemented by devs: modify the rollup transaction data structure to include references to the data in blobs, using the new fields introduced by EIP-4844, such as ‘blob versioned hashes’ and ‘blob kzg commitments’; adjusting the transaction processing logic to verify and access the referenced blob data, using the new opcodes and functions determined in EIP-4844, like ‘BLOBVERIFY’ and ‘BLOBREAD’; implementing mechanisms to ensure the availability of blob data during the necessary period for the finalization of rollup transactions; completely updating the off-chain infrastructure to handle the storage and efficient retrieval of data blobs.”
Moniz highlights that most of the largest L2 is working closely with Ethereum’s core developers team to guarantee a smooth transaction. Nevertheless, Blast faced a downtime of over two hours related to the Dencun upgrade, its official account reported via an X (formerly Twitter) post.

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PIXELYNX and Animoca Brands, in collaboration with Banijay Brands, have launched the non-fungible token (NFT) collection “Black Mirror Experience: Smile Club”, based on the episode “Nosedive” of the TV series. According to the announcement from Mar. 12, the Smile Club is the first of more digital experiences yet to come related to the Black Mirror franchise.
The collection sold out in less than three hours, and users were able to mint customized characters using Ethereum’s layer-2 blockchain Base, backed by crypto exchange Coinbase. Those characters can be used in different digital quests, related to a ‘social status’ dynamic that rewards users based on the number of quests they were able to complete. The initiative also includes live episodic content, with the first pilot episode going live this week in partnership with BasedAF, a virtual production channel.
Black Mirror is a sci-fi anthology currently streamed on Netflix and is currently in its sixth season, which debuted on June 15, 2023. The series delivered over 1 billion minutes of viewing time in the United States on the week it was released, taking the number one spot of most watched shows in that period.
Moreover, the project kicked off with an event in Times Square featuring partnerships with cultural icons such as Transmoderna and deadmau5.
PIXELYNX is the company co-founded in 2020 by Inder Phull and a few technology enthusiasts from the music industry, such as deadmau5 and Plastikman, focused on building projects in the entertainment ecosystem.

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JPMorgan Chase CEO Jamie Dimon said that despite his reservations towards Bitcoin, he would still defend people’s right to purchase the asset if they wish.
At this week's Australian Financial Review business summit in Sydney, Dimon discussed Bitcoin's recent rally and offered his thoughts on the timing of this year's possible rate cut by the U.S. Federal Reserve.
"I defend your right to smoke a cigarette, and I’ll defend your right to buy a Bitcoin," the JPMorgan Chase CEO told attendees. However, he added that he would personally never buy Bitcoin. "I do think it’s a risk if you are a buyer when governments look at all this stuff, why do they put up with it?" he said.
In light of bitcoin's price reaching a new all-time high above the $72,000 mark this week, Dimon suggested that the recent surge should prompt investors to pause. He then hinted that the market could be witnessing a bubble and that bullish buyers might overlook these signals. “I’m not so sure the world is that safe, or a risk-free place,” he added. 
Possibility of a Fed rate cut in 2024
Bitcoin 
$72,067.77See Details's surge, fueled by the introduction of spot ETFs, is occurring amidst market expectations of lower interest rates sometime this year.
According to the CME's FedWatch tool, interest rate traders are betting that the Fed will hold rates steady in March and May before making its first possible cut in June. However, at the Australian summit, Dimon said he favored the U.S. central bank waiting until later in the year before implementing a rate cut cycle.
"You can always cut it quickly and dramatically," Dimon said. Referring to the Federal Reserve's recent monetary policy decisions, he added, "their credibility is a little bit at stake here, I would even wait past June and let it all sort it out."
The JPMorgan chief said that any decision should be data-driven, warning that inflation may be stickier than expected and that rates could remain higher for longer.
SEE CRYPTO INDICES 
The February U.S. Consumer Price Index (CPI) report suggests inflation is still stubbornly high, which could hinder the Fed's willingness to begin cutting rates.
The CPI increased faster than expected last month, with the year-over-year pace up to 3.2% versus estimates for 3.1% and January's 3.1%. The core rate, which strips out food and energy costs, also came in hotter than expected, with the U.S. Bureau of Labor Statistics data showing a core rate of 3.8% against expectations of 3.7%.
Every month, core CPI rose 0.4%, ahead of expectations of 0.3%, and showed no change from January's 0.4%. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% on a seasonally adjusted basis in February after rising 0.3% in January.
Bitcoin holds above $72,000
The bitcoin price has rallied to a record high to hold above the $72,000 mark. Over the past month, the price of the digital currency has surged more than 40%.
However, in the past 24 hours, bitcoin's price increased by a muted 0.04% and was changing hands for $72,061 at 8:49 a.m. ET, according to The Block's Price Page.
The GM 30 Index, representing a selection of the top 30 cryptocurrencies, has increased by 0.45% to 157.01 in the past 24 hours. Bitcoin dominance is at 49.9%, and Ethereum dominance is at 17%, according to CoinGecko data.

Bitcoin holds above the $72,000 mark. Image: The Block.

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Token inflation is an extremely important factor affecting price, and this week a popular altcoin will undergo a significant unlock event. We have seen in the past that such large unlock events have led to significant negative outcomes on prices. So, what are the possible price targets? Which altcoin will unlock when?
Arbitrum (ARB) Token Unlock
On Saturday, March 16, Arbitrum (ARB) will unlock tokens worth approximately $2.1 billion, representing about 76% of its circulating supply. With 1.11 billion ARB tokens entering circulation, price fluctuations are likely. Of the new supply, 675 million tokens, equivalent to $1.44 billion, will go to the team and advisors. The remaining $937 million will be distributed to investors.

Moreover, as you can see in the table above, the circulating supply will continue to grow rapidly after this unlock event. By the end of 2024, the total circulating supply will reach 3.7 billion.
Considering the current circulating supply is 1.275 billion, the supply will triple in 9 months. If the unit price remains the same, this means the market value will have to climb from $2.6 billion to $7.5 billion. But can ARB’s market value exceed $7 billion as the supply rapidly increases? Time will tell, and how the Arbitrum team can stimulate demand faster than supply growth is a matter of curiosity.
ARB Coin Price Prediction
Arbitrum (ARB), the largest layer2 solution in terms of total value locked on the network, is trading at $2.07 as of the time this article was prepared. The altcoin, which has not been able to sustain above $2.15, is now gathering strength for a bigger historical peak. With BTC above $69,000, the price is holding above $2.

The potential impact of increasing inflation on price is downward. If there is also a softening in the general market sentiment, ARB Coin could significantly diverge negatively during this period. In the event of a pullback, the price can retreat to levels of $1.52 and $1.06 with closures below $1.73.
Of course, nothing is certain in cryptocurrencies, and Arbitrum could continue its rise with a significant move that makes the new supply entering circulation forgettable. Or it could turn the process in its favor with a last-minute unlock postponement like DYDX did.
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This action highlights increasing global concern over the project’s use of an “orb” for personal data collection.
Worldcoin’s plan, controversial for its privacy and biometric data ethics, has alarmed multiple countries.
Worldcoin’s Controversial Biometric Data Collection
The Spanish data protection authority, AEPD, has explicitly demanded that Worldcoin immediately stop collecting personal data from individuals in Spain. Additionally, the regulator has instructed the cessation of any further use of data that has already been collected. The AEPD’s directive underscores growing digital privacy concerns amid new technologies.
Spain blocks Sam Altman’s eyeball-scanning venture Worldcoin https://t.co/THiU9YX0QC— Financial Times (@FT) March 6, 2024

One of the AEPD’s critical apprehensions involves the potential for minors to interact with Worldcoin’s technology. Last year’s concern led to new age verification tests in the project to prevent underage users’ exposure. Despite efforts, Spain’s actions show wider reluctance toward fast, invasive data collection, particularly with biometric info.
More About Worldcoin
Worldcoin’s proposition, spearheaded by Sam Altman, aims to revolutionize the way personal identification and financial transactions are conducted in the digital era. Worldcoin aimed to securely verify identities through “orb” eyeball scans for safer, efficient crypto transactions. The project’s data handling has sparked debate on privacy, consent, and ethics in biometric data use.

Spain’s AEPD action reflects a trend of regulators scrutinizing tech firms handling sensitive data. It highlights the need to balance innovation with privacy protection and fundamental rights
Worldcoin must navigate data protection laws carefully to not compromise user privacy and trust.

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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Manta Network crypto staged a comeback on Tuesday and surged nearly 12% at the time of writing. The bulls are holding higher, which may add more gains by the end of the session. The price surge has recovered the losses incurred in the last couple of sessions.
Moreover, the recent price jump in intraday could not help the price break out of the range. However, the intraday surge has driven the price near the previous supply zone. The MANTA crypto may register a breakout if it resumes on the higher side with momentum.
The overall crypto market sentiments are optimistic. Bitcoin and Ethereum are headed towards their record highs which is taking along other cryptocurrencies.
At the time of writing, MANTA crypto was hovering near $3.07, recording an intraday gain of over 12%. It has a live market capitalization of nearly $764.36 Million and ranks 115th in the overall crypto market.
It has a circulating supply of 251 Million tokens against a total supply of 1 Billion MANTA tokens.

Source: CoinMarketCap
Bulls Or Bears: Who Will Dominate the Trend? 
The short-term trend outlook is sideways as the MANTA crypto price has been hovering back and forth, leading to a consolidation. 
The consolidation has been month-long and may register a breakout or breakdown soon. The bulls and bears are in a tough fight to claim their dominance over the short-term trend.
Moreover, the long-term trend outlook lies on the bullish side as the price hovers above the recent swing low. Fresh upside moves may be observed on the charts if the crypto breaks out of the recent supply of the $3.2 level. 
If the buyers break and sustain above the recent supply of $3.2 level, it may validate the termination of a correction phase and a new bullish wave may drive the price to the higher supply levels of $4 and $5.
Manta Network Price Technical Analysis
At the time of writing, the MACD line and signal line were placed below the zero line suggesting a bearish trend prevailed. Also, a positive crossover of both the lines was observed over the charts indicating the early signs of a breakout. 
Manta Network Crypto Prediction March 2024

MANTA/USD Chart by TradingView
The bullish price prediction of Manta Network crypto for March shows that the MANTA crypto may experience a short-term bull run if the buyers break and sustain above the recent supply level of $3.2.
On the higher side, $4 and $5 may be the next possible targets if the buyers can register a breakout. 
Manta Network Price Prediction 2024
The price forecast for the year 2024 highlights that the MANTA token price could reach a high of $6.65, suggesting a potential gain of over 118.7%. Moreover, the bearish outlook of the analysts is that the price could reach $4.97 by the year’s end.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

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Nexo’s Dubai entity, Nexo DWTC, has been awarded initial approval by Dubai’s Virtual Assets Regulatory Authority (VARA) for “Virtual Asset Lending & Borrowing, Management & Investment, and Broker-Dealer” activities. This milestone positions Nexo as one of the first digital asset lending institutions to enter the Dubai market. Upon full licensing, Nexo’s services will be integrated into its platform, adhering to the United Arab Emirates (UAE) regulatory framework and available to users via mobile and web access.
Dubai has become a hub of financial innovation and entrepreneurship and continues to shape the future of finance with progressive regulations and a culture of innovation. The UAE, known for its adoption of advanced technologies like blockchain, is home to top financiers, tech pioneers, and visionary companies.
“From the UAE, the global leader for vision, governance, and innovation, Nexo aims to contribute to the regional ecosystem through pioneering lending, brokerage, management, and investment solutions. Nexo is enthusiastic about the pursuit of new market strategies aligned with the transformative guidance of Dubai’s Virtual Asset Regulatory Authority,” says Kalin Metodiev, CFA, co-founder and managing partner at Nexo.
Since launching its blockchain strategy in 2016 and establishing VARA in 2022, Dubai has reinforced its position as a global center for digital asset innovation. Nexo, with a user base of 7 million, views the Dubai market as crucial to its regional expansion and commitment to offering premium services.

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Bitcoin, the leading cryptocurrency, has achieved a new all-time high, surpassing the $69,000 threshold. This achievement marks a significant turning point that beckons elevated price targets for Bitcoin.
Market Optimism Propels Bitcoin Value
The recent authorization of spot Bitcoin ETFs by the SEC on January 10th played a crucial role in the price surge. This decision boosted Bitcoin’s credibility and investment appeal, leading to a swift and optimistic market response. From the low point in November 2022, Bitcoin had already indicated a recovery, with prices rising from $15,400, hinting at an end to the bearish trend. The new year brought heightened anticipation as the market awaited the SEC’s stance on spot Bitcoin ETFs.
After the ETFs’ approval, Bitcoin’s valuation, already on an upswing and trading above $40,000, soared to $49,000 before a sharp dip to a support level of $41,500, which analysts labeled as a “sell the news” phenomenon. However, contrary to the skeptics, the newly approved investment vehicles saw remarkable success, leading to increased institutional interest, and Bitcoin’s price quickly recovered, maintaining its bullish trajectory.
Rallying Towards Uncharted Territory
Bitcoin’s new record price suggests the potential for one of its most substantial bull markets. The lack of significant resistance suggests continued upward momentum. Experts have speculated on Bitcoin reaching even loftier heights, such as $100,000 by the end of 2024 and potentially $200,000 by 2025.
While future regulatory actions and economic factors are likely to influence Bitcoin’s future valuation, the current market conditions have undoubtedly shifted the landscape for Bitcoin and the broader cryptocurrency community, setting the stage for an exciting era of growth and possibility.

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While a new ATH was expected in Bitcoin, $ 68,000 was exceeded last night. However, BTC subsequently made a sharp correction and fell to $65,000.
In addition to the new ATH, a halving event is also expected for BTC, which recovered afterward and was at $66,000 at the time of writing.
Although halving is seen as an important upward catalyst for Bitcoin price, it also has a different aspect for miners.
Because with the halving, the reward miners will receive is halved, and miners need to be planned to survive.
At this point, according to Coindesk, Fidelity Digital Assets said in a recent report that Bitcoin investors have historically welcomed the halving event with the expectation that prices will rise even further, but miners do not feel the same.
Pointing out that miners' rewards will be halved with the halving, Fidelity analysts said that TC miners should constantly plan the halving event, which reduces the Bitcoins they earn by 50% to avoid the risk of bankruptcy.
Fidelity analyst Daniel Gray stated the following in the report:
“Miners not only have to maintain their current hash rate, energy, and real estate, but they also have to be in constant competition with the entire network trying to do the same.Miners must constantly strive to obtain more hashrate, improve the efficiency of their hashrate, obtain lower-cost energy from cheaper sources, and expand their infrastructure to accommodate new machines.Because the months after the halving are the most difficult months.While past halvings have seen weaker miners disappear, Bitcoin and the cryptocurrency industry have subsequently rebounded with more miners and hashrate stronger than ever before, demonstrating the resilience of the network and industry.”
*This is not investment advice.

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Bitcoin‘s price has soared, reaching unprecedented highs when measured in European currencies such as the Euro and Pound. The digital currency’s market capitalization has now eclipsed its previous peak in November 2021. Despite not breaching the $69,000 mark, the increase in Bitcoin’s circulating supply has propelled the market value to new heights, reaching a value of $67,000. This development has generated discussions among experts regarding the future trajectory of Bitcoin.
Comparative Market Assessment
A further ascent of 10% in Bitcoin’s market value could see it overtake Silver and rank as the eighth most valuable asset globally. Meanwhile, Shiba Inu (SHIB) witnessed a 54% surge, outperforming numerous altcoins and signaling a return to bullish market conditions marked by continuous price rallies.
Expert Predictions and Economic Indicators
Venturefounder from the on-chain analytics platform CryptoQuant has weighed in on the recent market trends, asserting that despite an exciting Monday, more challenges lie ahead within the week. Upcoming U.S. economic data, which includes employment and wage growth figures, could influence expectations related to the Federal Reserve’s interest rate decisions in 2024. Current sentiment suggests that if this week’s data is unfavorable, the belief that the Fed might not reduce rates could gain more supporters.
Keith Alan, co-founder of Material Indicators, has identified what appears to be a ‘Cup and Handle’ pattern forming on Bitcoin’s macro chart. This technical formation typically requires a pullback following a double top at the all-time high, regardless of the correction’s magnitude. Alan cautions traders, hinting that the market may not present a straightforward trading opportunity.
As trading commenced, BlackRock’s spot Bitcoin ETF, IBIT, surpassed $1 billion in trading volume. This is in contrast to Grayscale Bitcoin Trust (GBTC), which saw substantial outflows. However, GBTC’s outflows haven’t raised alarms as they represent early market entrants securing profits. Concerns would escalate if profit-taking were to intensify contrary to ETF inflows, but for now, the focus remains on the climbing demand.

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Bitcoin held steady over the weekend and, as of March 4 and the time of this article's publication, with a current value of $66.5K, it stands on the precipice of reaching its all-time U.S. dollar high of $68,991. 
This brings Bitcoin’s total market value to $1.31 trillion, or about a billion dollars more than all the Swiss Francs in circulation. If Bitcoin were a fiat currency, it’d be the 13th largest in the world by market capitalization.
Bitcoin around the world
As of the time of this article’s publication, there are a reported 19,644,462 bitcoins in circulation. Bitcoin has a technical limit of 21 million total but, due to the way mining rewards are calculated, it is unlikely to ever become 100% mined.
It would be impossible to predict the price of BTC going forward, but if we take a snapshot of where it is today, as it hovers around its previous all-time high, we can put the total global impact of Bitcoin into perspective.
Related: Bitcoin passes new all-time high in euros as price reaches $65K
There was a time when 10,000 BTC would get you a couple of pizzas. Today, a single BTC would buy nearly 1,000 shares in Papa John’s, the fourth largest pizza chain by market value, and the restaurant Laszlo Hanyecz’s famous pizzas came from.
At current market value, a holder with 10,000 BTC in their portfolio would have around $666.4 million and, technically, more global purchasing power than 97 existing countries.
This means there are only 12 fiat currencies with enough circulation to buy all the Bitcoin currency available.
China’s yuan leads the world with a market cap of 620,521,346 BTC and is closely followed by the U.S. dollar which has a circulation supply worth 597,177,334 BTC.
Things drop off quickly after that with the euro’s total market cap only worth about 242 million bitcoins. By the time you get to the number 12 spot on the list, just ahead of Bitcoin’s market cap, you have the New Taiwan Dollar, which has a total circulation worth a little more than 29 million Bitcoin.
Bitcoin market cap vs fiat
For perspective, there are approximately 2.7 trillion Icelandic Krona in circulation today. That’s just enough to buy about 80% of the existing supply of DogeCoin in the world. If the country of Iceland wanted to pool all of its Krona into Bitcoin, on the other hand, it could only lockdown about 1.5% of the current total supply.
Taking things a step further, if Bitcoin were to hit $100K per coin, based on current rankings, it would likely wind up somewhere between 7th and 8th on the list of most valuable fiat currencies by market cap. This would put it between the Indian rupee and the Canadian dollar.
At a million dollars a coin, Bitcoin would have a market cap of somewhere slightly below $21 trillion. At this hypothetical threshold, BTC would have a larger cap than any other fiat currency save the Yuan and the U.S. dollar.

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Bitcoin Halving Countdown48DAYS11HOURS25MINS47SECSThe next Bitcoin halving is expected to take place in April 2024. It is difficult to predict the exact date as it depends on the block height. Since halving happens every 210,000 blocks, the next Bitcoin halving is expected to occur in April 2024 when the block height reaches 840,000.BTC$65,254.89Halving HorizonsBinance marks the 2024 Bitcoin Halving with a crypto adventure featuring $500,000 in rewards. Embark on a series of activities designed to enrich your journey — from knowledge-enhancing challenges to competitive trading tournaments — and unlock rewards along the way!#Write2Earn‬

The post-Bitcoin Price Analysis: Here is When the BTC Price May Explode Again appeared first on Coinpedia Fintech NewsSince the beginning of February, the crypto markets have had an extremely bullish influence. The volume has been exceeding every day, indicating the massive involvement of the market participants. Now that the BTC price is consolidating within a very narrow range, it is expected that the token could replicate a previous price action soon. With this, the price could trigger a 25% jump and mark the highs beyond $75,000, but when?
The latest price action suggests Bitcoin has officially entered a bull market and is getting ready for another huge breakout. According to some reports, the OTC desk balances are running close to zero, which indicates that large institutions may again start to accumulate. Therefore, this could be a major reason to be bullish on Bitcoin, along with the fact that profit-taking activity has slashed heavily compared to that of the 2021 bull run. 

The data from the glass node suggests the recent surges at $40,000 and $50,000 milestones witnessed less intensity, with a single-day profit taking at $3.2 billion lower than 2021 peaks of $4 to $5 billion. This suggests the investors and the institutions are still holding regardless of the recent bullish price action, as they expect a larger profit in the coming days. 
What’s next? When will the BTC price trigger a healthy upswing?
The BTC price looks ready for the next leg, as the funding appears to have been normalized while the rates for altcoins are pretty high. The price is consolidating within a narrow range, as it was around $50,000 to $52,000 for over 10 days in the previous month. Therefore, the Bitcoin (BTC) price is believed to consolidate between $61,000 and $63,000 for some time ahead, which may trigger a fresh bullish push beyond $70,000 in the coming weeks.

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BlackRock’s recently launched spot Bitcoin exchange-traded fund (ETF) has rapidly amassed over $10 billion in assets under management (AUM), a significant milestone in the cryptocurrency investment landscape.
 Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, confirms this achievement, highlighting the iShares Bitcoin Trust (IBIT) as one of the select few ETFs out of thousands to surpass the $10 billion mark.
BlackRock’s Bitcoin ETF hits $10 billion milestone
Crossing the $10 billion threshold is a testament to the widespread interest and confidence in BlackRock’s Bitcoin ETF.
 Balchunas explains that while attaining the initial $10 billion in AUM is challenging for ETFs, subsequent growth becomes more feasible as market appreciation plays a significant role. 
The swift accumulation of assets underscores the strong demand for Bitcoin exposure within traditional investment portfolios.

$IBIT the newest member of the $10 Billion Club, fastest ever to get there.. Only 152 ETFs in this club (out of 3,400) incl $GBTC. First $10b so touch bc so much has to come from flows (in $IBITs case 78% of aum is flows). Second $10b easier bc mkt appreciation bigger variable pic.twitter.com/FwysL4GSGk— Eric Balchunas (@EricBalchunas) March 1, 2024
Positive flows and market dynamics
Notable activity within the Bitcoin ETF market, with $92 million of positive flows recorded across the newly approved spot Bitcoin ETFs, according to data from BitMEX Research.
 Notably, IBIT alone attracted nearly $604 million in positive flows. However, these gains were offset to some extent by Grayscale’s GBTC, which experienced approximately $599 million in negative flows.
Market competition and product evolution
Among the ten recently approved Bitcoin ETFs, Grayscale’s offering stands out as a unique case. Unlike the other newly introduced ETFs, Grayscale Bitcoin Trust (GBTC) was not created as a new product but rather transformed into an exchange-traded fund. This move followed
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In a surprising turn of events, Cardano founder Charles Hoskinson has thrown his weight behind John Deaton in his bid for a Senate seat against incumbent Elizabeth Warren. This endorsement has ignited discussions as well as optimism within the crypto community and beyond, highlighting the intersection of politics and the burgeoning cryptocurrency industry.
Notably, the development was also lauded by many prominent figures in the crypto market.
Charles Hoskinson Backs John Deaton In Senate Race
Charles Hoskinson’s public endorsement of John Deaton in his Senate race against Senator Elizabeth Warren has sparked optimism among crypto enthusiasts. Deaton, known for his advocacy in the Ripple vs. SEC lawsuit, represents a pro-crypto stance, standing in stark contrast to Warren’s anti-crypto rhetoric.
Meanwhile, Eleanor Terrett, a journalist at Fox, highlighted Hoskinson’s endorsement on social media, emphasizing the significance of influential figures in the crypto space backing Deaton’s candidacy. On the other hand, John Deaton expressed gratitude for Hoskinson’s support, emphasizing the importance of championing freedom in the face of regulatory challenges.
Previously, Coinbase CEO Brian Armstrong’s expression of interest in Deaton’s Senate campaign against Warren has fueled debates in both political and cryptocurrency circles. In other words, Deaton’s entry into the political arena adds a fresh dimension to the Massachusetts Senate race, drawing attention from various quarters.
Amplifying Crypto-Political Discourse
John Deaton’s decision to enter the Massachusetts Senate race against Elizabeth Warren adds a new layer of complexity to the political landscape, particularly concerning crypto regulations. The clash between Deaton and Warren, known for their contrasting views on cryptocurrency, underscores broader issues surrounding digital asset regulations and the evolving political dynamics in the digital age.
Meanwhile, the growing involvement of prominent figures from the cryptocurrency industry in political races reflects the increasing importance of crypto-related policies in mainstream politics. With Deaton’s candidacy gaining momentum and receiving support from influential voices like Charles Hoskinson and Brian Armstrong, the intersection of crypto and politics is poised to become a central theme in the upcoming Senate race.
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