AltSignals Blog

Bitcoin’s short-term holders (STHs) have increased their activity as speculative capital enters the market. With Bitcoin’s price circling its highest levels in several months, hot capital has spiked over 90% to nearly $40 billion. Despite this influx of capital, analytics suggest that a full bull market comeback hasn’t occurred yet. This article explores the recent changes in Bitcoin’s market and the potential impact on investors.

Trump’s memecoin, TRUMP, surges despite impeachment potential and a massive token unlock, drawing attention from Democratic lawmakers. The cryptocurrency rose post the announcement of holding an exclusive dinner with President Trump for its top holders, sparking ethics investigations. Despite losses, the TRUMP token continues to trend upward.

“Explore Donald Trump’s proposal of building ‘freedom cities’ aimed at improving the quality of life for Americans. Understand the support and criticism from Silicon Valley’s technology moguls, the cryptocurrency community, and experts. Uncover the steps taken by the new administration in the direction of these high-tech, regulatory flexible cities and the complexities of building such cities from scratch.”

Crypto investors, known as bond vigilantes, influence the markets by selling bonds during significant policy changes, thereby pushing yields high. This strategy, alongside the recovery of US stock indices like Dow Jones and Nasdaq, mirrors the ongoing crypto price rally. Other factors such as President Trump’s tariff policies and the potential for Federal Reserve cuts also impact the crypto market, resulting in a possible continued increase in prices.

ARK Invest revises its decade-end price target for bitcoin to $2.4 million, up 60% from its January 2024 estimate. This forecast depends on various factors such as institutional investment, bitcoin’s role as digital gold, usage in emerging markets, and adoption for treasury holdings. The bullish projection mirrors the current trend of declining exchange balances, indicating long-term holding behavior, and reinforces positive sentiment around the cryptocurrency’s future.

Ondo Finance surpasses $3 billion market cap following a strong rally and high-profile meeting with the U.S. Securities and Exchange Commission on tokenizing U.S. financial assets. The surge in trading volume points to rising investor interest in ONDO, with the currency trading at around $1.01 at the time of writing. The article investigates the impact of this development on the crypto market and the potential future movements of ONDO.

The Federal Reserve aligns with other US banking regulators in removing previous crypto guidelines, allowing banks greater autonomy in cryptocurrency activities. This significant policy shift, which awaits further clarification from Congress, aids in supporting banking innovation within evolving risks, while the Fed monitors banks’ crypto dealings through routine supervision.

The Swiss National Bank’s Chairman, Martin Schlegel, rejects calls to add Bitcoin to the bank’s reserves amidst increasing macroeconomic turmoil. This decision comes in response to the local crypto industry’s pressure, with crypto brokers arguing that holding Bitcoin makes more sense as global dynamics shift. Despite the ongoing campaign to constitutionally mandate the bank to hold Bitcoin, Schlegel cites concerns such as lack of stability, liquidity issues, and security risks as reasons for not adopting the cryptocurrency.

Bitcoin trading hits recent high, currently near $95,000. An upbeat week for stocks has raised investors’ risk appetite. ARK Invest expects Bitcoin to rise to around $300,000 to $1.5 million by 2030. Crypto stocks are also on the rise, with MSTR and COIN leading gains. The week also saw eased regulatory burdens for banks with crypto offerings.