Google Ads again appears to be promoting a faked version of a crypto website that directs users to a phishing website clone that drains users’ crypto. Google seems to be once again promoting malware crypto websites through Google Ads, an…

The cryptocurrency market has been on a rollercoaster ride in recent days, with Bitcoin’s price experiencing significant volatility due to a combination of geopolitical tensions and the highly anticipated halving event. Despite the uncertainty, some prominent figures in the crypto space remain bullish on Bitcoin’s long-term prospects, predicting substantial price increases in the coming months. [...] The post Bitcoin Price back to $65,000 as Iran Signals No Immediate Retaliation Plans appeared first on Blockonomi.

In a recent interview on the future of Bitcoin, Anthony Scaramucci, the founder and managing partner of Skybridge Capital, has made a compelling prediction that the Bitcoin price could potentially reach $200,000 following its forthcoming halving event. This forecast comes at a time of considerable volatility within the crypto markets, exacerbated by recent geopolitical tensions and broader economic uncertainty. Bitcoin Poised To Hit $200,000 During the interview, Scaramucci provided insights into the forces he believes will drive Bitcoin’s price in the coming months. “Well, I mean, look, you could get shocks like wars and you could get, you know, God forbid a terrorist calamity or something like that that could take Bitcoin down 10 or 15%,” he explained. Despite potential short-term setbacks, Scaramucci emphasized the underlying demand dynamics bolstering Bitcoin’s price, particularly highlighting the influence of new financial products like ETFs and the growing interest from institutional investors. Related Reading: Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different? He elaborated on his bullish outlook, linking it to the anticipated Bitcoin halving, an event that historically impacts the supply side of Bitcoin economics by reducing the reward for mining new blocks, thereby constraining supply. “But long term with the halving coming this week, I think this thing trades to $170,000, possibly to $200,000,” Scaramucci asserted. The discussion also veered into the broader implications of Bitcoin’s integration into traditional financial products, such as ETFs. Scaramucci argued that these instruments play a critical role in broadening Bitcoin’s investor base. He dismissed concerns over the potential for ETFs to lead to centralization of Bitcoin ownership. “In terms of adoption vis-a-vis the ETF, you look out your four-year time horizon. […] It will still be less than 10 % of the overall ownership of Bitcoin. So this whole notion that the ETFs are gonna overly centralize Bitcoin, I don’t buy it. I think what the ETFs are, though, is they’re a great conduit for people that are used to buying them.” BTC Is Still In The Web 1.0 Era Scaramucci compared Bitcoin’s trajectory to the early internet era, particularly drawing parallels with significant tech stocks like Amazon during the dot-com bubble. “In 1999, Amazon was an emerging stock on an emerging technology, and it was quite volatile. And you lost 20 to 50 % eight times on Amazon. You lost 80%. Yeah, that one time in March of 2020, it went down 80%. But if you held Amazon over that period of time, $10,000 is worth a little over $14 million today.” Related Reading: No Fed Rate Cuts? No Worries For Bitcoin, Says Research Firm He also addressed concerns about Bitcoin’s practical uses, contrasting its current utility with more traditional assets like gold, which also do not offer direct cash flow. Scaramucci highlighted innovative financial practices within the crypto ecosystem that provide returns similar to traditional cash flow, such as yield-generating accounts and borrowing agreements available through platforms like Galaxy Digital. Regarding potential market downturns akin to the dot-com bust, Scaramucci acknowledged the risks but remained optimistic about Bitcoin’s resilience and long-term value proposition. “I think if we go through a dot-com bust in the broader market in the next year or two, I think you’ll have a price shock in Bitcoin consistent with a dot-com bust. However, if you’re willing to hold that asset, which we are over a rolling four-year period of time, no one has ever lost money in Bitcoin,” he noted, underscoring the importance of a long-term investment horizon. At press time, the BTC price rallied back above $64,000. Featured image from Bloomberg, chart from TradingView.com

Former Binance boss has published a tweet to clarify something about Bitcoin halving

Binance co-founder Yi He says CZ in 'positive situation' in US: report  The Block

Will the leading cryptocurrency adhere to historical patterns and soar to $200k post-halving?

UK Retail Sales Disappoint in Sign of Lackluster Recovery  Bloomberg

Two United States Senators – Kirsten Gillibrand and Cynthia Lummis – have issued a new bill that focuses on stablecoin oversight, according to a report from The Block. The proposal comes after Gillibrand said at the Bitcoin Policy Summit last week that a new stablecoin legislation would come soon. The bill comes as global authorities [...] The post Stablecoin Regulation Takes Center Stage: US Senators Introduce Comprehensive Bill appeared first on Blockonomi.

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Rippe CEO Brad Garlinghouse believes that his $5 trillion prediction might be too safe

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WIF leads the resurgence of the meme coin realm, with its price climbing to almost $2.80.

TON and ICP are among the top performers in the last 24 hours.

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The Polkadot community has proposed a $8.8 million sponsorship deal with Lionel Messi’s Inter Miami football club as the protocol is to amplify its global presence.

PRESS RELEASE. Dubai, April 19, 2024: Following a resounding success, VAP Group is thrilled to announce the triumphant conclusion of the inaugural editions of the Global AI Show and the Global Blockchain Show, held on April 16 and 17, 2024, at Grand Hyatt, Dubai. The heavy rainfall that hit Dubai on Tuesday this week, most […]

Oil Markets React to Reports of Israeli Attack on Iran  Bloomberg

As Solana faces bearish trends with the formation of a descending triangle, Borroe Finance gains traction as a formidable Injective rival. #partnercontent

Toncoin, of the TON network, has captured the attention of the cryptocurrency community as its Total Value Locked (TVL) surpasses a staggering $148 million, marking a historic milestone. This meteoric rise, reported by DefiLlama, showcases an almost threefold increase in just one month and a jaw-dropping tenfold surge over the course of a year. As of the latest update, TON’s TVL stands firm at slightly over $146 million, underscoring its growing prominence in the decentralized finance (DeFi) landscape. Related Reading: All Quiet On The Bitcoin ETF Front – Should You Be Paranoid? Unprecedented Growth And Leading Projects Within the TON ecosystem, standout performers in TVL include the Tonstakers liquid staking protocol and the STON.fi decentralized exchange. Together, these projects boast a combined total value of locked assets exceeding $283 million. Toncoin Surges As Market Dynamics Shift Amidst the flurry of activity, Toncoin emerges as the darling of the crypto market, experiencing a remarkable surge in value. Over the past month, Toncoin has skyrocketed by over 60%, propelling it to new all-time highs multiple times throughout April. Currently trading at around $6.25, Toncoin’s ascent shows no signs of slowing down. TON price action in the last month. Source: Coingecko Speculation And Partnership Buzz Fueling Toncoin’s ascent are rumors swirling within the crypto community regarding a potential partnership between the TON Society developer community and HumanCode, an AI development firm. While details remain scarce, speculation abounds, with many anticipating a major announcement that could further propel Toncoin’s price up. Gm 💎 Who’s ready for the big announcement?! pic.twitter.com/1i3dBKVYkG — TON 💎 (@ton_blockchain) April 18, 2024 Toncoin Overtakes Cardano in Market Capitalization Meanwhile, Toncoin has surpassed Cardano (ADA) in market capitalization, firmly establishing itself as a force to be reckoned with in the crypto market. With a market capitalization of over $22 billion, Toncoin now holds the coveted 8th position, relegating Cardano to the 11th spot. TON market cap currently at $24 billion. Chart: TradingView.com Market Analysis And Price Consolidation Despite its meteoric rise, Toncoin is currently navigating a period of consolidation, with traders and analysts closely monitoring key price levels and volume dynamics. As the cryptocurrency hovers between $6.50 and $6.75, both bulls and bears are poised for potential shifts in market sentiment. Crypto trader Paxton emphasizes the importance of volume in determining Toncoin’s trajectory, urging caution amidst the market’s ebbs and flows. Related Reading: Historical Data Sparks Excitement: VeChain Price Poised For A Bullish Breakout? As the TON network continues to defy expectations and Toncoin reaches unprecedented heights, all eyes remain fixed on this thriving ecosystem. With its innovative projects, strategic partnerships, and surging value, TON is poised to reshape the future of decentralized finance and redefine the possibilities of the crypto market. Featured image from Amazon, chart from TradingView

Iran reportedly has no plans to retaliate immediately. BTC price soars toward $65K.

Analysts from JPMorgan Chase & Co and Deutsche Bank AG say the upcoming halving is mostly priced in, shifting focus to how mining will be affected. JPMorgan Chase & Co and Deutsche Bank AG don’t expect big changes for Bitcoin’s…

India and US Seeing New 'Degree of Comfort,' Ananta Aspen Centre Says  Bloomberg

SkyBridge Capital founder Anthony Scaramucci says Bitcoin (BTC) is on track to soar more than 200% within 12 months. In a new interview on CNBC Squawk Box, the hedge fund veteran says that the expected continual adoption of Bitcoin will keep driving the value higher and reduce price volatility. “I wish I could understand the […] The post Bitcoin Primed To Skyrocket by up to 219%, Predicts Hedge Fund Veteran Anthony Scaramucci – Here’s the Timeline appeared first on The Daily Hodl.

The hawkish shift in the market sentiment could dampen the demand for risk assets, including cryptocurrencies and technology stocks.

The Open Interest behind Ethereum has slid dramatically over the last ten days - A sign of weak bullish conviction.

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