Standard Chartered predicts $1T could exit emerging market banks to stablecoins by 2028
Standard Chartered predicts $1T could exit emerging market banks to stablecoins by 2028
Standard Chartered forecasts that more than $1 trillion could exit emerging market banks and flow into stablecoins in the next three years as crypto adoption grows.
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Best Crypto to Buy After Grokâs Explosive Bitcoin Price Prediction
The weekend brought some exciting news for the crypto community as Bitcoin made a new all-time high of $125,686 on October 5 (Sunday), marking the first time the token has ever crossed $125K. However, to everyoneâs disappointment, $BTC was unable to close above its previous high of $124,501 (set on August 14), making many wonder [âŠ]
Bitcoin Price Watch: Bulls Charge With MACD, SMAs, and EMAs All Green
Bitcoin is trading at $124,297 to $124,430 over the past hour with a market cap of $2.47 trillion and a 24-hour trade volume of $51.11 billion, dancing in a tight intraday range between $122,538 and $124,418. Less than 1% away from its all-time high, the worldâs largest cryptocurrency is swaggering just below the summit with [âŠ]
Bitcoin Whales Are Locking In Profits: $838M Realized In 3 Days
Bitcoin has reached a new all-time high, breaking through the $125,000 level on Sunday and reinforcing bullish dominance across the crypto market. The rally has reignited speculation about a possible move into price discovery, as investors eye even higher targets in the coming weeks. Altcoins such as BNB and Ethereum (ETH) have followed Bitcoinâs lead, [âŠ]
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Hereâs Why The Bitcoin Price Crashed After Hitting $125,700 All-Time High
Bitcoinâs wonderful rally to a new all-time high of $125,700 on Sunday was met almost immediately by a sharp correction. This sudden pullback, which is expected given the all-time high, saw Bitcoin break below $123,000 in less than two hours after the new record. Interestingly, on-chain data shows a notable increase in whale activity during and after the all-time high to and from exchanges. One such example is a massive $200 million Bitcoin transfer into Binance, a move that appears to have been a calculated profit-taking action by a whale address. Whale Profit-Taking Contributes To Selling Pressure Shortly after Bitcoin hit its record high, blockchain data first revealed by whale transaction tracker Whale Alert on X shows that a whale address identified as â3NVeXâ transferred a total of 1,550 BTC, worth nearly $200 million, to Binance in two separate transactions. The first transaction involved the transfer of 800 BTC worth $100 million, followed by another transfer of 750 BTC worth $93.7 million. Related Reading: Bitcoin Price Still On Track To Hit $165,000, JPMorgan Analysts Reveal Timeline The timing of these transfers coincided almost perfectly with the recent price top, and the whale most likely sold into the rally. Once the transfers were completed, the wallet held only about 0.1 BTC, meaning the whale had sold off most of their holdings. According to data from whale transaction tracker Whale Alert shared on X, the number of large Bitcoin transfers to and from exchanges has increased notably over the past few days. Several multi-million-dollar transactions, each exceeding $10 million, have been spotted moving between private wallets and major trading platforms such as Binance and Coinbase. Another notable example is the transfer of 401 BTC worth $50.2 million from an unknown wallet address â1Jip8sâ into Coinbase Institutional. Not long after, 401 BTC were sent from an unknown wallet â1E8p4nâ into Coinbase Institutional in another separate transaction. Altogether, the sudden wave of high inflows across multiple platforms paints a clear picture of whales locking in profits after Bitcoinâs all-time high. Bitcoin Price Outlook Bitcoinâs price quickly slipped below $123,000 following the whale-triggered selloff, before rebounding to around $122,530. The pullback was relatively modest compared to previous all-time highs, but it nonetheless served as a reminder of how easily large holders can influence price action. Related Reading: Bitcoin Bear Trap Over? Pundit Reveals Where The Market Is At Right Now Despite the brief downturn, the correction may prove healthy for Bitcoinâs rally. It allows overheated momentum to cool off and sets the stage for a more sustainable advance once selling pressure eases. Data from Whale Alerts shows cases of millions of dollars worth of BTC also leaving crypto exchanges for private, unknown wallets. At the time of writing, Bitcoin is trading at $123,380. As long as Bitcoin maintains support above $120,000, its long-term outlook remains bullish, and it may as well create a new all-time high before the week runs out. This also depends on how well Spot Bitcoin ETFs perform this week. Featured image from Pixabay, chart from Tradingview.com
Solana is âThe New Wall Streetâ Says Bitwise Exec, as Snorter Tokenâs Presale Explodes
Bitwiseâs CEO, Matt Hougan, believes that âSolana is the new Wall Streetâ, as the ecosystem is quickly becoming the investor-favorite for tokenization and stablecoin-related activity. The statement came during a discussion with Akshay Rajan from Solana Labs, during which Hougan also said that: And then they (people) wanna ask how they invest. [âŠ] And when [âŠ]