Crypto News Highlights as of February 3, 2024:
Bitcoin (BTC) holds steady around $43,000:After a week-long slump, BTC is showing signs of recovery, facing resistance at $43,000. On-chain metrics suggest potential for a rally, with profit-taking by whales declining.
Traders prefer BTC to ETH: Despite the developing story of a potential Ethereum (ETH) spot ETF, traders seem to favor BTC in the current market.
BlackRock and ProShares Bitcoin ETFs dominate trading:These two new BTC ETFs surpassed the daily trading volume of the established GBTC.
Regulation:
Germany's banking giant DZ Bank prepares to pilot crypto trading in 2024: This move indicates growing institutional interest in the crypto space.
Fed Chair Powell's comments seen as potentially positive for crypto: While U.S. interest rates remained steady, Powell's hints at potential cuts later in the year could fuel a crypto price surge.
DeFi attracts massive funding in 2023:Decentralized finance projects captured the most investment from digital asset firms last year.
GameFi and NFTs witness growth:Despite market fluctuations, these sectors continue to gain traction.
Crypto teacher loses students' $1.2 million in fake hedge fund: This highlights the importance of careful research and due diligence before investing in crypto.
No crypto ad spots expected for Super Bowl LVIII: Advertisers seem to be shying away from crypto for this year's game.
