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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['TAIPEI , July 25, 2023 /PRNewswire/ -- XREX USD-crypto exchange has strengthened its compliance strategy to deliver an extra layer of security and transparency for users\' on-chain digital asset transactions by integrating transaction monitoring and investigative solutions from Chainalysis, the blockchain data platform. USD-crypto exchange XREX integrated Chainalysis\' blockchain analysis solutions to further platform safety. "We are delighted to share this progress on strengthening the robustness of XREX\'s platform," said Wayne Huang , internationally-recognized cybersecurity expert and XREX co-founder and CEO. "Chainalysis\' advanced technologies help us further strengthen our commitment of being one of the safest, and most compliant exchanges globally." As a compliant and secure fiat-crypto exchange operating globally under multiple licenses, registration, and approvals, XREX values mutual trust and long term relationships with all stakeholders. With internal risk control mechanisms and external support from credible service providers like Chainalysis, XREX helps both businesses and individuals to succeed in the crypto world and offers the best possible security to users\' digital assets. "XREX has implemented Chainalysis Reactor and Know Your Transaction (KYT) tools, which significantly enhanced our efficiency in scanning wallets, detecting potential risks, and mapping out the fund flow for further investigations." said Sun Huang , XREX Chief Information Security Officer and General Manager. Founded in 2014 as first movers and the largest player in the space, Chainalysis built the world\'s most trusted blockchain knowledge graph mapping hundreds of millions of on-chain addresses to real-world entities, including illicit services like darknet markets, scams, and ransomware, and legitimate services such as DeFi platforms, mining pools, and merchant services. "Building trust in the blockchain ecosystem is imperative to the growth of the industry. This requires advanced blockchain analysis backed by high-quality, extensive, ground-truth data that can enable exchanges to meet compliance obligations while staying ahead of financial crimes, protecting customers, increasing consumer trust and maintaining brand reputation. We are honored to be supporting XREX on their mission to be a safe, secure and compliant exchange for customers," said Joshua Foo , Regional Director, ASEAN & Central Asia , Chainalysis. Story continues Collaborating with global banking partners, XREX supports USD deposits and withdrawals in over 120 countries and directly offers USD trading pairs for BTC, ETH, and other crypto transactions. Security and compliance are major pillars behind XREX\'s smooth and reliable fiat and crypto services. Integrating Chainalysis\' blockchain analysis and tracing tools is just another step to fulfill this commitment. About XREX XREX is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. We provide enterprise-grade banking services to small to medium-sized businesses (SMBs) in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide. Founded in 2018 and operating globally under multiple licenses, XREX offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps. Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education. About Chainalysis Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world\'s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com . Cision View original content to download multimedia: https://www.prnewswire.com/apac/news-releases/xrex-enhances-platform-safety-with-advanced-blockchain-analysis--solutions-by-chainalysis-301884135.html SOURCE XREX Inc.', 'TAIPEI , July 25, 2023 /PRNewswire/ -- XREX USD-crypto exchange has strengthened its compliance strategy to deliver an extra layer of security and transparency for users\' on-chain digital asset transactions by integrating transaction monitoring and investigative solutions from Chainalysis, the blockchain data platform. USD-crypto exchange XREX integrated Chainalysis\' blockchain analysis solutions to further platform safety. "We are delighted to share this progress on strengthening the robustness of XREX\'s platform," said Wayne Huang , internationally-recognized cybersecurity expert and XREX co-founder and CEO. "Chainalysis\' advanced technologies help us further strengthen our commitment of being one of the safest, and most compliant exchanges globally." As a compliant and secure fiat-crypto exchange operating globally under multiple licenses, registration, and approvals, XREX values mutual trust and long term relationships with all stakeholders. With internal risk control mechanisms and external support from credible service providers like Chainalysis, XREX helps both businesses and individuals to succeed in the crypto world and offers the best possible security to users\' digital assets. "XREX has implemented Chainalysis Reactor and Know Your Transaction (KYT) tools, which significantly enhanced our efficiency in scanning wallets, detecting potential risks, and mapping out the fund flow for further investigations." said Sun Huang , XREX Chief Information Security Officer and General Manager. Founded in 2014 as first movers and the largest player in the space, Chainalysis built the world\'s most trusted blockchain knowledge graph mapping hundreds of millions of on-chain addresses to real-world entities, including illicit services like darknet markets, scams, and ransomware, and legitimate services such as DeFi platforms, mining pools, and merchant services. "Building trust in the blockchain ecosystem is imperative to the growth of the industry. This requires advanced blockchain analysis backed by high-quality, extensive, ground-truth data that can enable exchanges to meet compliance obligations while staying ahead of financial crimes, protecting customers, increasing consumer trust and maintaining brand reputation. We are honored to be supporting XREX on their mission to be a safe, secure and compliant exchange for customers," said Joshua Foo , Regional Director, ASEAN & Central Asia , Chainalysis. Story continues Collaborating with global banking partners, XREX supports USD deposits and withdrawals in over 120 countries and directly offers USD trading pairs for BTC, ETH, and other crypto transactions. Security and compliance are major pillars behind XREX\'s smooth and reliable fiat and crypto services. Integrating Chainalysis\' blockchain analysis and tracing tools is just another step to fulfill this commitment. About XREX XREX is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. We provide enterprise-grade banking services to small to medium-sized businesses (SMBs) in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide. Founded in 2018 and operating globally under multiple licenses, XREX offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps. Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education. About Chainalysis Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world\'s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com . Cision View original content to download multimedia: https://www.prnewswire.com/apac/news-releases/xrex-enhances-platform-safety-with-advanced-blockchain-analysis--solutions-by-chainalysis-301884135.html SOURCE XREX Inc.', 'Good morning. Here’s what’s happening:\nPrices:As Altcoin dominance reaches a multi-month high, Worldcoin\'s WLD token is up 30% on-launch. But the project comes with real world centralization and privacy concerns.\nInsights:\nCoinDesk Market Index (CMI)\n1,227\n−32.6▼2.6%\nBitcoin (BTC)\n$29,179\n−903.6▼3.0%\nEthereum (ETH)\n$1,850\n−38.9▼2.1%\nS&P 500\n4,554.64\n+18.3▲0.4%\nGold\n$1,956\n−8.3▼0.4%\nNikkei 225\n32,700.94\n+396.7▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,227", "\\u221232.6\\u25bc2.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,179", "\\u2212903.6\\u25bc3.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,850", "\\u221238.9\\u25bc2.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,554.64", "+18.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,956", "\\u22128.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32, Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $566,166,661,188 - Hash Rate: 369831574.5386234 - Transaction Count: 462586.0 - Unique Addresses: 734826.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Beware of the crypto fund bears. For an eighth consecutive week, negative sentiment pervades among institutional investors. Large scale crypto investors pulled $88 million out of digital asset funds last week, bringing the total over the two month period to a whopping $417 million, according to anew reportby Coinshares. Digital asset investment firm CoinShares follows the investment activity of important exchange-traded products, mutual funds, and over-the-counter (OTC) trusts, in cryptocurrencies such asBitcoin,Ethereumand other altcoins and publishes its findings in a weekly report. James Butterfill, head of research at CoinShares, said he believes all the selling has been triggered by monetary policy. “Currently there is no end in sight to interest rates rises” hewroteon Tuesday. Institutional Investors Have Pulled $329 Million From Crypto Funds Since April Selling pressure this week is coming primarily from North America, which accounts for 87% of total outflows. Canadian-based fund 3iQ led the way, with $76.9 million worth of selling, bringing their total on the year to $286 million. In Europe, Swiss funds saw inflows worth $9.2 million, whereas Germany registered $9.4 million in outflows. This week marks a notably more negative sentiment compared tolast week'srelatively neutral stance by institutional investors. Among digital assets, Bitcoin led the week in outflows, clocking $52 million over the past seven days. It has been heavily sold by institutional investors this year, reaching an impressive $172 million. Short interest for the largest cryptocurrency fell, with outflows reaching a meager $1.1 million on the week. 'Ethereum Fails' Without These 3 Changes, Says Vitalik Buterin Ethereumcame in second place for weekly outflows, totaling $36 million. That number, however, marks the largest single week of selling sinceThe Mergein September last year. Total withdrawals from Ethereum-based funds for 2023 now sits at $72 million. Altcoin-based funds have been a mixed bag with institutional investors. Litecoin (LTC), Solana (SOL) and Ripple (XRP) tallied inflows, although all less than $1 million. Polygon (MATIC)-based funds saw the biggest sell-off on the week, at $400,000. Interestingly, however, and in contrast to Bitcoin and Ethereum, these blue chip cryptocurrencies have seen inflows year-to-date, with Solana leading the way at $13 million. Although we can’t know for certain whether it’s led by institutional investors, the top cryptocurrencies have seen red candles for the week. Bitcoin lost 3.5% off its price in the past week, but Ethereum slid even further: It saw a 7.2% loss in the past seven days,accordingto Coingecko.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin traded flat on Wednesday morning in Asia as risk-aversion remained the market theme, though the token managed to hold above US$29,000. Analysts say a possible extended legal fight between the U.S. regulator and Ripple Labs as well as comments from the Federal Reserve on the interest rate outlook expected later today is breeding caution. Ether also treaded water, while other leading tokens were a mixed picture. Dogecoin led the winners again on speculation it may be integrated into Twitter as the social media app gets revamped into a more general-purpose platform. Elsewhere, the Forkast 500 NFT index dipped and U.S. equity futures traded mixed after Wall Street closed higher on Tuesday.\nBitcoin inched 0.14% higher over the last 24 hours to US$29,222 as of 07:35 a.m. in Hong Kong, but lost 2.07% for the week, according todatafrom CoinMarketCap. After briefly falling to a monthly low of US$28,890 on Monday, the world’s leading cryptocurrency has seemingly found support around US$29,000.\n“Several factors are currently affecting Bitcoin and cryptocurrencies, including concerns about theRipple case resumptionand investors’ speculation on Bitcoin investment funds,” Rania Gule, an analyst at Cyprus-headquartered multi-asset brokerXS Group, said in an emailed comment.\nThe market is keeping a close eye on the Federal Reserve’s interest rate decision, whilenegative headlinesabout Binance, the world’s largest digital currency exchange, contributed to price declines across crypto, Gule added.\n“The main trendline support currently stands at $26,800, and as long as Bitcoin remains above it, the trend is expected to be bullish,” said Gule.\nWilliam Cai, co-founder and managing partner at New York-based asset manager Wilshire Phoenix, said Bitcoin has been trading within a tight US$25,000 to US$30,000 range and is in search of a story and “a major Fed rate or language surprise this week could provide the impetus needed to break out.”\nReflecting the current lacklustre trend, CoinMarketCap’s fear and greed index, a measure of market buy and sell sentiment, fell further into neutral territory on Wednesday with a reading of 52.\nThe caution was reflected in digital asset investment products that saw net outflows of US$6.5 million in the week ending July 21, following four prior weeks of consecutive inflows that totaled US$742 million, according to a Mondayreportfrom European cryptocurrency investment firm CoinShares.\nTrading volumes in such investment products last week fell to US$1.2 billion, below the yearly average and down from US$2.4 billion the prior week, according to CoinShares. By regions, the U.S. and Canada saw 97% of the total outflows of US$21.7 million.\nBitcoin-backed investment products were the primary focus which saw US$13 million of outflows last week, while Ether-backed products logged an inflow of US$6.6 million, suggesting sentiment is improving around the second largest cryptocurrency.\nEther edged up 0.41% to US$1,857 in early trading in Asia on Wednesday, but remained 2.17% lower for the week.\nOther top 10 non-stablecoin cryptocurrencies traded mixed, with Dogecoin, XRP, and Tron’s TRX logging gains, while the rest declined. Polygon’s Matic led the losers, falling 2.84% to US$0.7081 and down 4.12% for the week.\nDogecoin again headed the winners list on optimism it could become a feature in Twitter’s rebranding to X.com, which will include functions such as “payments/banking,” according to Twitter Chief Executive OfficerLinda Yaccarinoon Monday.\n“Dogecoin rallied recently as speculation increased that the meme coin could be used as a payment mechanism for the rebranded Twitter platform,” said Markus Thielen, head of crypto research & strategy at digital asset service platformMatrixport, in an emailed comment.\n“As crypto is entering the summer lull that we initially expected for August, DOGE might be the summer’s highflyer as other crypto themes are taking a backseat.”\nThe total crypto market capitalization edged up 0.22% in the past 24 hours to US$1.17 trillion, while trading volume fell 27.41% to US$25.68 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.60% in the past 24 hours to 2,642.91 as of 09:30 a.m. in Hong Kong, down 2.60% for the week. Forkast’s Ethereum, Solana and Polygon NFT market indexes also logged losses, while the Cardano index edged higher.\nTotal NFT trading volume dipped 2.90% in the past 24 hours to US$17.77 million, according to data fromCryptoSlam.\xa0 Volumes on the Polygon Solana and Bitcoin networks rose, while Ethereum, BNB Chain and Cardano logged losses\nBy NFT collections, Ethereum-based Bored Ape Yacht Club (BAYC) topped the 24-hour trading volumes, though total trades fell 39.79% to around US$695,000.\n“It’s another slow day in the NFT market, with a majority of NFT trades still being wash trades, or sellers accepting points farmers offer on Blur,” said Yehudah Petscher, NFT Strategist at Forkast Labs.\nThe floor prices of leading Ethereum NFT collections Bored Ape Yacht Club and Mutant Ape Yacht Club (MAYC) have dropped 18% and 25% in the past 30 days, while trading volumes in the two collections over the same period slumped 80% and 67% respectively, according to NFT data trackerWGMI.io.\n“There’s nothing happening out there to make buyers want to buy NFTs at the prices they’re at still. Really, they’re massively overpriced even after declining over the year,” said Petscher.\nYuga Labs, the developer of BAYC and MAYC,launched“Made by Apes” on Tuesday – a platform that grants BAYC and MAYC holders unique on-chain licences for their own products or services featuring the ape-themed NFTs.\nBAYC holders have already been building businesses around their collections, includingfast food,clothing, andbeverageoperations, and more brands are using BAYC in promotions.\n“During this bear market we are seeing actual utility begin to get fleshed out like with Yuga Labs’ new fully on-chain IP licensing platform,” said Petscher.\nElsewhere, Sky Mavis, the Vietnam-based developer behind play-to-earn NFT gameAxie Infinity,announceda partnership with NFT project CyberKongz on Tuesday, where the two will jointly develop an NFT game based on CyberKongz’s incoming Genkai NFT collection.\nU.S. stock futurestradedmixed as of 11:30 a.m. on Wednesday in Hong Kong, with Dow Jones and Nasdaq futures inching lower, while S&P 500 futures edged up.\nAll three major U.S. indexes closed higher in regular Tuesday trading, with the Dow Jones Industrial Average logging gains for the 12th consecutive day, extending its longest winning streak in six years.\nIn Asia, the main stock indexes fell on Wednesday ahead of the U.S. Federal Reserve’s interest rate announcement later today. China’sShanghai Composite, Hong Kong’sHang Seng, South Korea’sKospiand Japan’sNikkeiall logged losses.\nAlthough a ChinaPolitburo meetingon Monday pledged policies to support the country’s ailing property market and revive domestic consumption, China’s stock market requires imminent and actionable measures from the government,Bloombergreported on Tuesday citing a note by U.S. investment bank Morgan Stanley.\nThe U.S. Fed announces its interest rate decision on Wednesday with analysts at theCME FedWatch Toolpredicting a 98.9% chance for a 25-basis-point rate hike this month.\nWith a rise in rates mostly priced into markets, the focus of attention will be comments by Fed chair Jerome Powell on how the central bank views inflation trends, offering some pointers on future monetary policies.\nThe current Fed under Powell has raised rates 10 times since March 2022 to tackle inflation that was running at 40-year highs last year. The annual inflation rate has sincefallen to 3%in June from more than 9% last year.\nHowever, with inflation still above the Fed’s target of 2%, economists forecast more potential hikes this year based onrecent commentsby Powell.\nOn the economic data front, the U.S. consumer confidence index hit a two-year high in July, according to the U.S. think tankConference Boardon Tuesday, “likely reflecting lower inflation and a tight labor market.”\nThe consumer confidence index, together with data on inflation, the housing market and retail sales, contributed to the optimism that the U.S. economy could avoid a recession in 2023,Reutersreported on Wednesday.\n(Updates with equity section, adds fear and greed index in first section.)', 'Bitcoin traded flat on Wednesday morning in Asia as risk-aversion remained the market theme, though the token managed to hold above US$29,000. Analysts say a possible extended legal fight between the U.S. regulator and Ripple Labs as well as comments from the Federal Reserve on the interest rate outlook expected later today is breeding caution. Ether also treaded water, while other leading tokens were a mixed picture. Dogecoin led the winners again on speculation it may be integrated into Twitter as the social media app gets revamped into a more general-purpose platform. Elsewhere, the Forkast 500 NFT index dipped and U.S. equity futures traded mixed after Wall Street closed higher on Tuesday.\nBitcoin inched 0.14% higher over the last 24 hours to US$29,222 as of 07:35 a.m. in Hong Kong, but lost 2.07% for the week, according todatafrom CoinMarketCap. After briefly falling to a monthly low of US$28,890 on Monday, the world’s leading cryptocurrency has seemingly found support around US$29,000.\n“Several factors are currently affecting Bitcoin and cryptocurrencies, including concerns about theRipple case resumptionand investors’ speculation on Bitcoin investment funds,” Rania Gule, an analyst at Cyprus-headquartered multi-asset brokerXS Group, said in an emailed comment.\nThe market is keeping a close eye on the Federal Reserve’s interest rate decision, whilenegative headlinesabout Binance, the world’s Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $570,154,485,688 - Hash Rate: 381190141.57452464 - Transaction Count: 452746.0 - Unique Addresses: 737067.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The sixth edition of the event commences today and brings together the most influential leaders in the global blockchain and crypto industry, is back Rotkreuz, Switzerland, June 02, 2023 (GLOBE NEWSWIRE) -- The Crypto Valley Association ’s leading event, the Crypto Valley Conference (CVC), commences today in Rotkreuz, Switzerland. The two-day immersive conference will host 1200 attendees and showcase over 85+ global industry leaders as it returns to the heart of Crypto Valley. In partnership with Innosuisse and sponsored by IEEE , CVC offers in-depth panels and analysis on the future of blockchain technology and recent industry developments. Attendees will be treated to a front row seat at some of the most topical and insightful conversations the conference has to offer including risk management, liquidity provision, regulation, taxation, sustainability, AI and much more. A series of bespoke masterclasses take center stage today and will be led by some of the industry’s most prominent organizations including the Cardano Foundation, Messari, AON, CME Group and Youhodler among others. This will be followed by a jam-packed schedule tomorrow. Teana Baker-Taylor, Vice President of Circle, will get proceedings underway on Friday morning with an opening fireside chat about a financially inclusive future. Other keynote speakers include Pascal Gauthier from Ledger, Dominic Williams from Dfinity Foundation, Marieke Flament from the NEAR Foundation and Frederik Gregaard from the Cardano Foundation and Demelza Hays from CoinTelegraph. They will be joined by speakers from Coinbase, Kraken, CME Group, Nasdaq, Bitcoin Suisse, BitGo, Bullish, Kaiko, SEBA Bank, Fireblocks and Sygnum Bank, among others. For a full list of speakers and events, read the full event agenda here . Organized in collaboration with Lucerne University of Applied Sciences and Arts , the sixth annual conference will spotlight the importance of creating new connections and building on existing ones. With no shortage of opportunities to socialize with other thought leaders in the space, the CVC’s popular Sunset Networking Boat Cruise will conclude the two-day event. Story continues Commenting, Emi Lorincz, President of the Crypto Valley Association, said: “From its inception, the Crypto Valley Conference has been bringing together the strongest, steadiest and most influential minds of the Swiss and global crypto ecosystem. While the market constantly changes, one thing is certain – the technology has never been stronger, and innovation is sprouting everywhere. This year we continue CVC’s tradition of bringing attendees high quality, established speakers and also showcasing the newest projects through our Start-up Competition. We will dive into exciting topics like the future of Bitcoin, privacy, market making, liquidity provision, sustainability and so much more. The Crypto Valley Conference is a wonderful mix of quality content and intimate networking that fuels our community.” For more information visit cryptovalleyconference.com , follow @thecryptovalley on Twitter, or check out #CVC23. ### Crypto Valley Association’s President Emi Lorincz is available for interviews. About Crypto Valley Association: Founded in January 2017, the Crypto Valley Association is a not-for-profit association established to support the development of cryptographic technologies, blockchain, and other distributed ledger technologies by supporting startups and other companies in Zug, Switzerland and internationally. Crypto Valley’s mission is to shape an open, free, and prosperous economy spanning multiple sectors and create a thriving ecosystem of individuals and companies passionate about building the future with blockchain. From its inception, the Crypto Valley Conference has been bringing together the strongest, steadiest and most influential minds of the Swiss and global crypto ecosystem and while the market constantly changes, one thing is certain – the technology has never been stronger, and innovation is sprouting everywhere. This year we continue CVC’s tradition of bringing attendees high quality, established speakers but also showcasing the newest projects through our Startup Competition and diving into the latest topics like market making, risk management, sustainability and much more. The Crypto Valley Conference is a wonderful mix of quality content and intimate networking that fuels our ecosystem. CONTACT: Media Contact: Oindrila C. Email: [email protected] Corporate Communications Manager Luna PR... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['As the race for the White House heats up, Democratic candidate for U.S. president Robert Kennedy Jr, has come out as a proponent of Bitcoin, and says he has proven that commitment by buying 14 Bitcoin last May. In a Wednesday Twitter Spaces interview with crypto investor and podcaster Scott Melker, Kennedy called Bitcoin the currency of freedom, and said he decided to become a crypto investor after he was chided by media outlets for promoting Bitcoin but didn’t own any. “I bought two Bitcoin for each of my seven children,” Kennedy said, noting he made the move "right after" his appearance at the Bitcoin Conference in May. “Now I’m a Bitcoin owner, and I’m sure they’ll now find a different way to come at me, but no one can say I didn’t put my money where my mouth is.” Kennedy and Melker also discussed how banks can shut down customer bank accounts without warning, and suggested political pressure may be behind the closure of the bank account of Joseph Mercola, described by the New York Times as "the most influential spreader of coronavirus misinformation online." Chase bank has shut down our business bank accounts along with the accounts of my CEO and CFO, as well as their family members (including spouse and child). They\'ve refused to provide any reason for doing so, the oldest account has been active for 18 years.… — Dr. Joseph Mercola (@mercola) July 25, 2023 "Here we have a powerful banking interest that that has received all kinds of federal government support and it\'s utterly dependent on its on its relationship with the Fed and the federal government and it is shutting down one of its customers for political speech," Kennedy said. "I think that incident alone should be one that all of us should be terrified about, and and it makes the the move toward Bitcoin, all the more important." Story continues Crypto Booster Robert F. Kennedy Jr. Bought Bitcoin Despite Recent Claim: Report During the annual conference held in Miami, Florida, Kennedy said covid-19 restriction led him to Bitcoin, and he claimed to be the first presidential candidate to accept Bitcoin donations through the Lightning Network. But he also said that he didn\'t own any, and wasn\'t there to give investment advice. Currently, the price of a Bitcoin is $29,330 per coin, according to CoinMarketCap. At the time of his speech at Bitcoin 2023, the price of a Bitcoin stood around $27,128. If Kennedy’s claims are true, the Kennedy Bitcoin treasury would be worth around $400,000 today. Earlier this month, a financial disclosure document obtained by CNBC showed Kennedy’s Family held (at the time) between $100,000 and $250,000 worth of Bitcoin. His conference address established his strong alignment with so-called digital gold. “When I witnessed this cataclysm—this devastating use of government repression—I realized for the first time how free money is as important to freedom as free expression,” Kennedy said. Kennedy added that the many environmental claims about Bitcoin are unfounded. “I believe that the environmental arguments against Bitcoin are a smokescreen to obscure the real motives for suppressing Bitcoin,” he said, citing the massive cost of endless wars and environmentally destructive projects. While Kennedy is not expected to win the Democratic party\'s nomination—online wagering sites put his odds at around 11 percent —he has drawn the support of fervent crypto fans. “I’m very happy for the support I’ve gotten from the Bitcoin community,” Kennedy said.', 'As the race for the White House heats up, Democratic candidate for U.S. president Robert Kennedy Jr, has come out as a proponent of Bitcoin, and says he has proven that commitment by buying 14 Bitcoin last May.\nIn a WednesdayTwitter Spaces interviewwith crypto investor and podcaster Scott Melker, Kennedy calledBitcointhe currency of freedom, and said he decided to become a crypto investor after he was chided by media outlets for promoting Bitcoin but didn’t own any.\n“I bought two Bitcoin for each of my seven children,” Kennedy said, noting he made the move "right after" his appearance at the Bitcoin Conference in May. “Now I’m a Bitcoin owner, and I’m sure they’ll now find a different way to come at me, but no one can say I didn’t put my money where my mouth is.”\nKennedy and Melker also discussed how banks can shut down customer bank accounts without warning, and suggested political pressure may be behind the closure of the bank account of Joseph Mercola, described by theNew York Timesas "the most influential spreader of coronavirus misinformation online."\n"Here we have a powerful banking interest that that has received all kinds of federal government support and it\'s utterly dependent on its on its relationship with the Fed and the federal government and it is shutting down one of its customers for political speech," Kennedy said. "I think that incident alone should be one that all of us should be terrified about, and and it makes the the move toward Bitcoin, all the more important."\nCrypto Booster Robert F. Kennedy Jr. Bought Bitcoin Despite Recent Claim: Report\nDuring the annual conference held in Miami, Florida,Kennedysaid covid-19 restriction led him to Bitcoin, and he claimed to be the first presidential candidate to accept Bitcoin donations through the Lightning Network. But he also said that he didn\'t own any, and wasn\'t there to give investment advice.\nCurrently, the price of aBitcoinis $29,330 per coin, according to CoinMarketCap. At the time of his speech at Bitcoin 2023, the price of a Bitcoin stood around $27,128. If Kennedy’s claims are true, the Kennedy Bitcoin treasury would be worth around $400,000 today.\nEarlier this month, a financial disclosure document obtained byCNBCshowed Kennedy’s Familyheld(at the time) between $100,000 and $250,000 worth of Bitcoin.\nHis conference address established his strong alignment with so-called digital gold.\n“When I witnessed this cataclysm—this devastating use of government repression—I realized for the first time how free money is as important to freedom as free expression,” Kennedy said.\nKennedy added that the many environmental claims about Bitcoin are unfounded.\n“I believe that the environmental arguments against Bitcoin are a smokescreen to obscure the real motives for suppressing Bitcoin,” he said, citing the massive cost of endless wars and environmentally destructive projects.\nWhile Kennedy is not expected to win the Democratic party\'s nomination—online wagering sites put his odds ataround 11 percent—he has drawn the support of fervent crypto fans.\n“I’m very happy for the support I’ve gotten from the Bitcoin community,” Kennedy said.', 'As the race for the White House heats up, Democratic candidate for U.S. president Robert Kennedy Jr, has come out as a proponent of Bitcoin, and says he has proven that commitment by buying 14 Bitcoin last May.\nIn a WednesdayTwitter Spaces interviewwith crypto investor and podcaster Scott Melker, Kennedy calledBitcointhe currency of freedom, and said he decided to become a crypto investor after he was chided by media outlets for promoting Bitcoin but didn’t own any.\n“I bought two Bitcoin for each of my seven children,” Kennedy said, noting he made the move "right after" his appearance at the Bitcoin Conference in May. “Now I’m a Bitcoin owner, and I’m sure they’ll now find a different way to come at me, but no one can say I didn’t put my money where my mouth is.”\nKennedy and Melker also discussed how banks can shut down customer bank accounts without warning, and suggested political pressure may be behind the closure of the bank account of Joseph Mercola, described by theNew York Timesas "the most influential spreader of coronavirus misinformation online."\n"Here we have a powerful banking interest that that has received all kinds of federal government support and it\'s utterly dependent on its on its relationship with the Fed and the federal government and it is shutting down one of its customers for political speech," Kennedy said. "I think that incident alone should be one that all of us should be terrified about, and and it makes the the move toward Bitcoin, all the more important."\nCrypto Booster Robert F. Kennedy Jr. Bought Bitcoin Despite Recent Claim: Report\nDuring the annual conference held in Miami, Florida,Kennedysaid covid-19 restriction led him to Bitcoin, and he claimed to be the first presidential candidate to accept Bitcoin donations through the Lightning Network. But he also said that he didn\'t own any, and wasn\'t there to give investment advice.\nCurrently, the price of aBitcoinis $29,330 per coin, according to CoinMarketCap. At the time of his speech at Bitcoin 2023, the price of a Bitcoin stood around $27,128. If Kennedy’s claims are true, the Kennedy Bitcoin treasury would be worth around $400,000 today.\nEarlier this month, a financial disclosure document obtained byCNBCshowed Kennedy’s Familyheld(at the time) between $100,000 and $250,000 worth of Bitcoin.\nHis conference address established his strong alignment with so-called digital gold.\n“When I witnessed this cataclysm—this devastating use of government repression—I realized for the first time how free money is as important to freedom as free expression,” Kennedy said.\nKennedy added that the many environmental claims about Bitcoin are unfounded.\n“I believe that the environmental arguments against Bitcoin are a smokescreen to obscure the real motives for suppressing Bitcoin,” he said, citing the massive cost of endless wars and environmentally destructive projects.\nWhile Kennedy is not expected to win the Democratic party\'s nomination—online wagering sites put his odds ataround 11 percent—he has drawn the support of fervent crypto fans.\n“I’m very happy for the support I’ve gotten from the Bitcoin community,” Kennedy said.', 'Bitcoin gained Thursday morning in Asia, but not enough to break through resistance at US$29,500 after the Federal Reserve raised interest rates by the expected Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $567,458,240,925 - Hash Rate: 358973121.2673339 - Transaction Count: 413038.0 - Unique Addresses: 713630.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: China's yuan (CNY), one of the five currencies in the International Monetary Fund's special drawing rights basket, has depreciated by 2.7% against the U.S. dollar (USD) this month, its worst performance since September. Going back to February, the decline goes to 5% versus the greenback, and investment banking giant Goldman Sachs suggests it could drop further. Historically, yuan devaluation has been considered bullish for fiat currency alternative assets like bitcoin and gold, but the other side of that coin is a strong dollar. The U.S. unit is already on a rising trend and further strength might lead to continued monetary tightening worldwide and a headwind for risk assets, cryptocurrencies among them, say some observers. The People's Bank of China (PBOC), the country's central bank, loosely pegs CNY's value to a basket of 24 currencies through a managed-float system. The daily fix or midpoint is set every trading day to provide direction to the market. The currency basket reflects China's trading partners, and with the U.S. being the largest, the dollar has the highest weighting at 19.83%. The euro, Japanese yen, British pound, Australian dollar, Mexican Peso are some of the basket's other currencies . The PBOC's managed float allows the yuan to fluctuate 2% on either side of daily fix, and the bank manages that band via active buying and selling of yuan. If USD/CNY threatens to rally beyond the 2% limit, for instance, the PBOC sells the dollar and buys yuan to shore up the latter's value. At the same time, the bank buys the dollar against other currencies to keep the proportion of the greenback in reserves stable, ensuring the intervention gets recycled back into other foreign units. This process inadvertently puts upward pressure on the dollar index, mainly comprised of the euro and the Japanese yen, causing financial tightening worldwide and leading to risk aversion. "USD/CNY rally means PBOC will sell the pair to maintain the 2% band and has to buy the dollar against other currencies to maintain a stable proportion of USD in reserves. That pushes up the dollar index, leading to financial tightening and risk aversion," David Brickell, director of institutional sales at crypto liquidity network Paradigm, told CoinDesk. Story continues Those with borrowings in the U.S. dollar and receipts in other currencies struggle to service their debt when the dollar surges. Per Brickell, more than $17 trillion of USD debt has been issued outside of the U.S. Thus, dollar strength tends to create risk aversion worldwide. The dollar index has rallied 2.7% this month. Bitcoin, meanwhile, has declined by 7.3%, its most significant monthly loss since December. Noelle Acheson, former head of research at CoinDesk and Genesis Trading, said that the PBOC's interventions may be dollar bullish but stressed that such actions are not assured. "The PBOC has been hinting at more flexibility on the CNY target band than in the past - so it's not a given that it will intervene, especially if a weaker yuan helps exports (which are suffering)," she wrote in her latest newsletter. "Now China's priorities are different - also, PBOC has been diversifying reserves and could buy gold instead of more USD." Last month, PBOC Governor Yi Gang said that the central bank can wind down regular interventions, providing market forces more leeway in determining the yuan's exchange rate. Yi, however, stressed that the bank retains the right to intervene in times of market turbulence.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin continued to hold steady above $29.2K and is unlikely to move much until next year, an analyst says. Insights: Large bitcoin investors holding between 10 and 100 bitcoin, and between 1,000 and 10,000 BTC, are neither selling nor acquiring more of the asset. Prices CoinDesk Market Index (CMI) 1,233 −2.8 ▼ 0.2% Bitcoin (BTC) $29,242 −78.9 ▼ 0.3% Ethereum (ETH) $1,862 −6.8 ▼ 0.4% S&P 500 4,537.41 −29.3 ▼ 0.6% Gold $1,946 −22.5 ▼ 1.1% Nikkei 225 32,891.16 +222.8 ▲ 0.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,233 −2.8 ▼ 0.2% Bitcoin (BTC) $29,242 −78.9 ▼ 0.3% Ethereum (ETH) $1,862 −6.8 ▼ 0.4% S&P 500 4,537.41 −29.3 ▼ 0.6% Gold $1,946 −22.5 ▼ 1.1% Nikkei 225 32,891.16 +222.8 ▲ 0.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin seems increasingly unlikely to go anywhere fast soon. As traditional asset markets in Asia opened Friday, the largest cryptocurrency by market capitalization was recently trading just above $29,240, down 0.3% over the past 24 hours and roughly where it\'s stood since a Monday dip triggered by the latest Binance mishap and bad economic news from China. With a couple of blips under, BTC has been changing hands in a $29,000 to $31,800 range since mid-June – immune from rate hikes, inflationary fears and other macro angst. Brent Xu, the CEO and co-founder of Web3 bond-market platform Umee, told CoinDesk in an email that the status quo is likely to continue. “Bitcoin barely budged following the Federal Reserve’s most recent rate hike, underscoring that this period of heightened rates has pretty much been priced in," Xu wrote. "This is certainly indicative of BTC resilience and indeed resilience for the broader digital asset market. But I’m not expecting a meaningful breakout to the upside any time soon." Story continues Ether has been similarly inert and was recently trading at $1,862, down 0.4% over the past 24 hours. Other major cryptos were largely in negative territory, albeit not by much with SOL and MATIC, the tokens of smart contract platforms Solana and Polygon, off 0.8% and 0.7%, respectively. Stellar Lumina\'s XLM token continued its recent upswing, rising 2.9% from Thursday, same time. Umee\'s Xu does not expect a return to "bull market conditions" until 2024\'s BTC halving. "That’s also when we’ll probably start seeing rate cuts happening," he wrote. "Cuts could come sooner, I should caveat, if there’s some sort of breakage that takes place, such as a credit crunch or an acceleration of the banking crisis.” Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +13.7% Entertainment XRP XRP +8.1% Currency Avalanche AVAX +3.7% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −16.8% Smart Contract Platform Dogecoin DOGE −11.5% Currency Chainlink LINK −10.8% Computing Insights/News Some Bitcoin Whales Are Waiting for Price Moves The bitcoin supply held by addresses with a balance of between 10 and 100 BTC has taken a slight downward turn, indicating that these larger holders of bitcoin are content to wait at the moment. Data provided by on-chain analytics firm Glassnode underscores that investors are equal parts reluctant to add or relinquish bitcoin, but also that they do not see BTC as undervalued. Addresses holding between 1,000 and 10,000 bitcoin are exhibiting similar behavior. Oddly, the amount of bitcoin held by addresses holding between 10,000 and 100,000 has risen slightly, although for bitcoin’s largest holders with more than 100,000 BTC, the supply balance has remained stable. (Glassnode) Each of these cohorts is worth monitoring as they hold the ability to sway markets given the size of their position, and appetite or lack thereof for risk. This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy . Important events. Bank of Japan interest rate decision and policy statement 8:30 p.m. HKT/SGT(12:30 p.m. UTC): Personal Consumption Expenditures (June/MoM/YoY) 10:30 p.m. HKT/SGT(2:30 p.m. UTC): University of Michigan Consumer Sentiment Index (July) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Prosecutors Want Sam Bankman-Fried Sent to Jail Before His Trial; Mark Zuckerberg\'s Metaverse Vision The Justice Department wants Sam Bankman-Fried to go to jail ahead of his criminal trial. ZFZ Law co-founder Michael Zweiback shared his legal analysis. Morgan Creek Capital CEO Mark Yusko weighed in on the latest rate hike from the Fed. Journey\'s chief metaverse officer Cathy Hackl discussed Meta\'s latest earnings results. And, CoinFund CEO Jake Brukhman explained why he thinks Worldcoin could help onboard billions of users into the crypto economy. Headlines Want to Mine Bitcoin at Home? DIY Bitcoiners Have Stories to Share: From an ASIC-heated swimming pool to a handmade soundproof container, these die-hards found ways to make home mining feasible, if not quite profitable. Grayscale Urges Equal Treatment for All Spot Bitcoin ETF\'s in Letter to SEC: If the SEC decides to change course and approve one or more of the above-stated spot bitcoin ETF applications, “it must do so in a fair and orderly manner,” the statement said. KIN Token Surges Over 20% After Vote to Burn 70% of Supply Passes: The token climbed on the news that about 7 trillion KIN tokens worth $156 million will be burned. A Bully Pulpit for Debanked Nigel Farage, Crypto for Everyone Else: The British Brexiteer could call on the media and his far-right friends in his debanking fight. But most of us aren\'t so lucky.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continued to hold steady above $29.2K and is unlikely to move much until next year, an analyst says.\nInsights:Large bitcoin investors holding between 10 and 100 bitcoin, and between 1,000 and 10,000 BTC, are neither selling nor acquiring more of the asset.\nCoinDesk Market Index (CMI)\n1,233\n−2.8▼0.2%\nBitcoin (BTC)\n$29,242\n−78.9▼0.3%\nEthereum (ETH)\n$1,862\n−6.8▼0.4%\nS&P 500\n4,537.41\n−29.3▼0.6%\nGold\n$1,946\n−22.5▼1.1%\nNikkei 225\n32,891.16\n+222.8▲0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,233", "\\u22122.8\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,242", "\\u221278.9\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,862", "\\u22126.8\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,537.41", "\\u221229.3\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,946", "\\u221222.5\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,891.16", "+222.8\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin seems increasingly unlikely to go anywhere fast soon.\nAs traditional asset markets in Asia opened Friday, the largest cryptocurrency by market capitalization was recently trading just above $29,240, down 0.3% over the past 24 hours and roughly where it\'s stood since a Monday dip triggered by the latest Binance mishap and bad economic news from China.\nWith a couple of blips under, BTC has been changing hands in a $29,000 to $31,800 range since mid-June – immune from rate hikes, inflationary fears and other macro angst. Brent Xu, the CEO and co-founder of Web3 bond-market platform Umee, told CoinDesk in an email that the status quo is likely to continue.\n“Bitcoin barely budged following the Federal Reserve’s most recent rate hike, underscoring that this period of heightened rates has pretty much been priced in," Xu wrote. "This is certainly indicative of BTC resilience and indeed resilience for the broader digital asset market. But I’m not expecting a meaningful breakout to the upside any time soon."\nEther has been similarly inert and was recently trading at $1,862, down 0.4% over the past 24 hours. Other major cryptos were largely in negative territory, albeit not by much with SOL and MATIC, the tokens of smart contract platforms Solana and Polygon, off 0.8% and 0.7%, respectively. Stellar Lumina\'s XLM token continued its recent upswing, rising 2.9% from Thursday, same time.\nUmee\'s Xu does not expect a return to "bull market conditions" until 2024\'s BTC halving. "That’s also when we’ll probably start seeing rate cuts happening," he wrote. "Cuts could come sooner, I should caveat, if there’s some sort of breakage that takes place, such as a credit crunch or an acceleration of the banking crisis.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+13.7%", "DACS Sector": "Entertainment"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+8.1%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u221216.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u221211.5%", "DACS Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u221210.8%", "DACS Sector": "Computing"}]\nSome Bitcoin Whales Are Waiting for Price Moves\nThe bitcoin supply held by addresses with a balance of between 10 and 100 BTC has taken a slight downward turn, indicating that these larger holders of bitcoin are content to wait at the moment.\nData provided by on-chain analytics firmGlassnodeunderscores that investors are equal parts reluctant to add or relinquish bitcoin, but also that they do not see BTC as undervalued.\nAddresses holding between 1,000 and 10,000 bitcoin are exhibiting similar behavior.\nOddly, the amount of bitcoin held by addresses holding between 10,000 and 100,000 has risen slightly, although for bitcoin’s largest holders with more than 100,000 BTC, the supply balance ha Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $571,407,698,212 - Hash Rate: 364175630.2712082 - Transaction Count: 449225.0 - Unique Addresses: 720574.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Ava Labs, the development company behind the Avalanche network, announced on Tuesday the launch of AvaGPT, the latest entry in a flurry of deployments of OpenAI's ChatGPT technology among blockchain companies. "The two things [AvaGPT] is providing is answering general questions for Avalanche users quickly, while also letting them still access our support team," Ava Labs Technical Product Manager Kieran McShane toldDecrypt. "It was out of an effort to help answer questions quicker and get to the source material immediately.” As McShane explained, AvaGPT was created in collaboration with ChatGPT service providerKapa AIand integrated into the Ava LabsCoreplatform. The development of AvaGPT, McShane added, was led by the Ava Labs support team and engineers. "We make sure [AvaGPT] is trained specifically and only on Avalanche documentation," McShane said, reiterating that the Ava Labs customer support team can help answer questions. Solana Labs Preps ChatGPT Plugin for Real-Time Blockchain Analysis Ava Labs' Core is a platform developed by Ava Labs that supports several blockchains, including Avalanche, Bitcoin, and Ethereum. "Our users are on Core and utilize it a lot, and we have a lot more very Avalanche-specific features coming in the future," he said, adding that Ava Labs already utilizes chatbot technology on its Discord server to answer questions. Founded in 2018, New York-based Ava Labs launched theAvalancheproof-of-stake(PoS) blockchain in September 2020. In June 2022, Ava Labs released Core wallet as a Chrome extension. That same year Core’s web portfolio launched in October, with the mobileversionfor Android launching later in December and iOS shortly after. While he did not give specifics, McShane says AvaGPT is only the first GPT-based product Ava Labs intends to launch. Etherscan Touts ChatGPT Integration But Highlights The Chatbot's Flaws Other blockchain companies leveraging ChatGPT's technology includeAlchemyandEtherscan. Like others using OpenAI's chatbot, Ava Labs includes a disclaimer warning users about the accuracy of AI responses, saying AvaGPT is for informational purposes only. "Neither Ava Labs, Inc. nor anyone else in the Avalanche community, is responsible for the content found in this chat or takes any responsibility for or certifies any information provided by the chatbot as correct, worthy, or accurate," the warning reads, adding the company assumes no responsibility to moderate, monitor, or respond to anything written in the chat. AI hallucinations, or instances when AI generates false or fake information when responding to prompts, continue to be a significant concern plaguing the rapid development and mainstream adoption of artificial intelligence. Earlier this month, Ava Labs launchedAvalanche Arcad3, a program aimed at helping traditional game developers to explore games built using blockchain technology.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• Stocks rose on Friday as investors cheered good news from the Fed\'s preferred inflation gauge.\n• The PCE price index rose 0.2% last month, in line with economists\' expectations.\n• For the week, the Dow Jones Industrial Average added 0.6%, the S&P 500 gained 1%, and the Nasdaq rose 2%.\nUS stocks rose on Friday as investors priced in more good inflation news, leaving the indexes with their third-straight week of gains.\nFor the week, the Dow Jones Industrial Average added 0.6%, the S&P 500 gained 1%, and the Nasdaq rose 2%.\nThe personal consumption expenditures price index, which is the Federal Reserve\'s preferred measure of inflation, increased 0.2% month over month in June, in-line with economists\' estimates. Meanwhile, core PCE rose 4.1% year over year, slightly below the anticipated 4.2% increase.\nThe latest data is a promising sign that inflation is continuing to slow in the economy, which is revving up bets that the Fed could pause interest rate hikes in September. Markets are pricing in an 80% chance interest rates are kept at the 5.25%-5.5% range at the Fed\'s next policy meeting, per theCME FedWatch tool.\nHere\'s where US indexes stood as the market closed 4:00 p.m. on Friday:\n• S&P 500:4,582.23, up 0.99%\n• Dow Jones Industrial Average:35,459.29, up 0.5% (176.57 points)\n• Nasdaq Composite:14,316.66, up 1.9%\nHere\'s what else is going on:\n• Palantir stock could soar 54%as the company has built an unmatched "AI fortress," Wedbush said.\n• Mortgage rates could jump to levels unseen since 2000 as thebond market is on the verge of a breakdown, economist Peter Schiff said.\n• US gas prices just spikedto their second-highest level since November.\n• Soaring home prices meanfirst-time homebuyers need to be making 13% more moneyto afford a starter home.\n• Argentina should ditch the pesoin favor of a "hard dollar regime," a think tank said.\nIn commodities, bonds, and crypto:\n• Oil prices rose, withWest Texas Intermediateup 0.42% to $80.43 a barrel.Brent crude, the international benchmark, edged up 0.56% to $84.71 a barrel.\n• Goldticked higher 0.7% to $1,958.01 per ounce.\n• The10-year yieldslipped four basis points to 3.969%.\n• Bitcoinrose 0.56% to $29,315.01.\nRead the original article onBusiness Insider', 'Brendan McDermid/Reuters Stocks rose on Friday as investors cheered good news from the Fed\'s preferred inflation gauge. The PCE price index rose 0.2% last month, in line with economists\' expectations. For the week, the Dow Jones Industrial Average added 0.6%, the S&P 500 gained 1%, and the Nasdaq rose 2%. US stocks rose on Friday as investors priced in more good inflation news, leaving the indexes with their third-straight week of gains. For the week, the Dow Jones Industrial Average added 0.6%, the S&P 500 gained 1%, and the Nasdaq rose 2%. The personal consumption expenditures price index, which is the Federal Reserve\'s preferred measure of inflation, increased 0.2% month over month in June, in-line with economists\' estimates. Meanwhile, core PCE rose 4.1% year over year, slightly below the anticipated 4.2% increase. The latest data is a promising sign that inflation is continuing to slow in the economy, which is revving up bets that the Fed could pause interest rate hikes in September. Markets are pricing in an 80% chance interest rates are kept at the 5.25%-5.5% range at the Fed\'s next policy meeting, per the CME FedWatch tool . Here\'s where US indexes stood as the market closed 4:00 p.m. on Friday: S&P 500 : 4,582.23, up 0.99% Dow Jones Industrial Average : 35,459.29, up 0.5% (176.57 points) Nasdaq Composite : 14,316.66, up 1.9% Here\'s what else is going on: Palantir stock could soar 54% as the company has built an unmatched "AI fortress," Wedbush said. Mortgage rates could jump to levels unseen since 2000 as the bond market is on the verge of a breakdown , economist Peter Schiff said. US gas prices just spiked to their second-highest level since November. Soaring home prices mean first-time homebuyers need to be making 13% more money to afford a starter home. Argentina should ditch the peso in favor of a "hard dollar regime," a think tank said. In commodities, bonds, and crypto: Oil prices rose, with West Texas Intermediate up 0.42% to $80.43 a barrel. Brent crude , the international benchmark, edged up 0.56% to $84.71 a barrel. Gold ticked higher 0.7% to $1,958.01 per ounce. The 10-year yield slipped four basis points to 3.969%. Bitcoin rose 0.56% to $29,315.01. Read the original article on Business Insider', '• Bitcoin mining machines are pouring into Russia amid its war in Ukraine, per CoinDesk.\n• As the US market becomes saturated, mining-rig makers have expanded into Russia.\n• According to the report, more mining machines are heading to Russia than anywhere else in the world.\nThe bitcoin mining industry has proven to be an unexpected beneficiary of Russia\'s invasion of Ukraine and Western sanctions. Hardware manufacturers, according toCoinDesk, have been doing more business in the country, with more mining machines flowing into Russia than anywhere else in the world.\nThanks to its cheap energy and cold weather, Russia has long been a hub for bitcoin mining, and after China banned it in 2021, Russia gained even more market share — all of which has continued amid the war.\nAlthough there\'s risk for foreign firms setting up shop in Russia, the conditions there and improving mining economics remain attractive, blockchain executives said at CoinDesk\'s Consensus 2023 festival.\nNot only that, but heightened regulatory scrutiny and taxes in the US and other countries have made previous options less enticing.\nTo the crypto firmCryptocurrency Mining Group, Russia will be the only nation to substantially accelerate hashrate growth, or the computational power being delivered to the blockchain.\n"Russia had to divert its energy flow from EU in 2022 and being left with large excess capacity, bitcoin mining can be its new client," the company wrote in a report. With cheap energy being a major contributor to mining profits, the region looks poised to develop and attract more business.\nSources told CoinDesk that manufacturers Bitmain and MicroBT are active and participating in the Russian market, with Bitmain listing a Moscow office on its website. Both companies, according to the report, offer repair services for local miners in Russia.\nMeanwhile, it\'s possible that wartime sanctions have actually provided a boon to the crypto industry.\nFirst, bitcoin mining offers a different source of revenue for power producers hampered by the weakening economy. Not only that, but the sector facilitates exchanging rubles for bitcoin, which is accepted globally, unlike Russia\'s local currency.\nRead the original article onBusiness Insider', 'People walk along closed empty Red Square with the Kremlin Wall in the background in Moscow, Russia, Tuesday, June 27, 2023. Life has returned to normal in the Russian capital after the abortive coup mounted by mercenary chief Yevgeny Prigozhin. (AP Photo/Alexander Zemlianichenko) Bitcoin mining machines are pouring into Russia amid its war in Ukraine, per CoinDesk. As the US market becomes saturated, mining-rig makers have expanded into Russia. According to the report, more mining machines are heading to Russia than anywhere else in the world. The bitcoin mining industry has proven to be an unexpected beneficiary of Russia\'s invasion of Ukraine and Western sanctions. Hardware manufacturers, according to CoinDesk , have been doing more business in the country, with more mining machines flowing into Russia than anywhere else in the world. Thanks to its cheap energy and cold weather, Russia has long been a hub for bitcoin mining, and after China banned it in 2021, Russia gained even more market share \x97 all of which has continued amid the war. Although there\'s risk for foreign firms setting up shop in Russia, the conditions there and improving mining economics remain attractive, blockchain executives said at CoinDesk\'s Consensus 2023 festival. Not only that, but heightened regulatory scrutiny and taxes in the US and other countries have made previous options less enticing. To the crypto firm Cryptocurrency Mining Group , Russia will be the only nation to substantially accelerate hashrate growth, or the computational power being delivered to the blockchain. "Russia had to divert its energy flow from EU in 2022 and being left with large excess capacity, bitcoin mining can be its new client," the company wrote in a report. With cheap energy being a major contributor to mining profits, the region looks poised to develop and attract more business. Sources told CoinDesk that manufacturers Bitmain and MicroBT are active and participating in the Russian market, with Bitmain listing a Moscow office on its website. Both companies, according to the report, offer repair services for local miners in Russia. Meanwhile, it\'s possible that wartime sanctions have actually provided a boon to the crypto industry. First, bitcoin mining offers a different source of revenue for power producers hampered by the weakening economy. Not only that, but the sector facilitates exchanging rubles for bitcoin, which is accepted globally, unlike Russia\'s local currency. Read the original article on Business Insider View comments', 'The beginning of the week saw the underwhelminglaunch of Worldcoin Protocol, along with its native cryptocurrency, WLD.\nWorldcoin is co-founded by Open AI CEO Sam Altman and the premise is at once utopian and dystopian: anyone wanting some WLD has to visit an ”Orb”—these can currently be found in Berlin, Dubai, London, Mexico City, Miami, New York City, San Francisco, Seoul, and Tokyo— and get a snapshot of their eyeballs taken.\nThis biometric data is used alongside verification of their government-issued ID to confirm someone’s personhood before distributing a set number of coins to them.\nWorldcoin believes it’s building the infrastructure to Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $570,749,626,600 - Hash Rate: 343365594.25571066 - Transaction Count: 423119.0 - Unique Addresses: 694496.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Adds comment, data from ADP, unemployment claims, ISM, fresh prices,) By Herbert Lash NEW YORK, July 6 (Reuters) - The dollar rebounded on Thursday after private payrolls and unemployment benefits reports indicated the U.S. labor market remains strong, raising the likelihood the Federal Reserve will raise interest rates later this month. The number of Americans filing new claims for unemployment benefits increased moderately last week, the Labor Department said, while private payrolls surged last month in the biggest increase since February 2022, an ADP National Employment report showed. A survey by the Institute for Supply Management (ISM) showed the U.S. services sector grew faster than expected in June as new orders picked up, adding to data indicating a resilient economy in the face of tighter monetary policy. While ISM showed a measure of prices paid by businesses fell to more than a three-year low, a sign inflation would continue to cool, Dallas Fed President Lorie Logan said she was very concerned "whether inflation will return to target in a sustainable and timely way." The dollar index, measuring the U.S. currency against six others, including the euro and Japan's yen, rose 0.18% to 103.51. The major central banks for the most part are fine-tuning monetary policy, and it's unclear when they will act as they alternate between hiking and pausing interest rates, said Brad Bechtel, global head of FX at Jefferies. "Given all these central banks are more or less in the same place in some way, shape or form, the dollar's going have a hard time" moving too much one way or the other, he said. "What the dollar has going forward is typically in a cycle where global growth is slowing like we're in now, the dollar outperforms." Markets are pricing in an 94.9% chance that the Fed will raise rates by 25 basis points at its policy meeting later this month, according to the CME Group's FedWatch Tool. The Japanese yen strengthened 0.03% versus the greenback at 144.58 as concerns about the global growth outlook, resulting from the aggressive monetary tightening by major central banks, weighed on risk appetite. The Japanese currency is traditionally considered as a safe haven asset. ONE DIMENSIONAL The pound hit a two-week high against both the euro and dollar as financial markets bet that the Bank of England will raise rates to 6.5% early next year, pushing the yield on the two-year UK government bond to its highest since June 2008. "The FX market is taking more of a 'one-dimensional approach' to trading the British disease," said Stephen Gallo, global FX strategist at BMO Capital Markets. "Instead of selling GBP in anticipation of an economic slowdown, it is buying GBP on the basis of interest rate differentials," Gallo said. The Chinese yuan last traded at 7.27177 per dollar in the offshore market, after having fallen about 0.4% the previous session. The central bank set a stronger-than-expected midpoint fixing for the fourth straight day this week, which traders believe is an attempt to prevent the yuan from weakening too fast and too far. Bitcoin hit a 13-month high of $31,500, continuing to find support due to recent plans by fund managers to launch a U.S.-listed spot bitcoin exchange-traded fund (ETF). Currency bid prices at 10:42 a.m. (1442 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index 103.5100 103.3400 +0.18% 0.019% +103.5700 +102.9100 Euro/Dollar $1.0838 $1.0853 -0.13% +1.15% +$1.0901 +$1.0834 Dollar/Yen 144.5950 144.6650 -0.04% +10.29% +144.6500 +143.5600 Euro/Yen 156.71 157.00 -0.18% +11.70% +157.0600 +155.8500 Dollar/Swiss 0.8992 0.8988 +0.06% -2.74% +0.8997 +0.8951 Sterling/Dollar $1.2678 $1.2703 -0.20% +4.83% +$1.2780 +$1.2674 Dollar/Canadian 1.3369 1.3285 +0.63% -1.33% +1.3370 +1.3276 Aussie/Dollar $0.6603 $0.6654 -0.78% -3.15% +$0.6688 +$0.6599 Euro/Swiss 0.9744 0.9755 -0.11% -1.53% +0.9766 +0.9738 Euro/Sterling 0.8547 0.8542 +0.06% -3.36% +0.8553 +0.8521 NZ $0.6134 $0.6179 -0.74% -3.41% +$0.6219 +$0.6133 Dollar/Dollar Dollar/Norway 10.8200 10.6820 +1.23% +10.18% +10.8240 +10.6520 Euro/Norway 11.7288 11.5894 +1.20% +11.77% +11.7333 +11.5690 Dollar/Sweden 10.9835 10.9373 +0.30% +5.53% +10.9906 +10.9223 Euro/Sweden 11.8995 11.8636 +0.30% +6.73% +11.9409 +11.8712 (Reporting by Herbert Lash; additional reporting by Samuel Indyk in London and Rae Wee in Singapore; Editing by David Holmes and Mark Potter)... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Illustration by Mitchell Preffer for Decrypt It was another underwhelming week for crypto markets as they appeared to cautiously price in the effects of yet another interest rate hike by the Federal Reserve on Wednesday. While this change was only 25 basis points, U.S. interest rates are now the highest they’ve been in 22 years. Over on Twitter—or should we call it X? Let’s stick with Twitter for now—many voices reacted loudly to Elon Musk’s rebrand, the first step towards his envisioned “ everything app .” It would take a whole separate article to capture the sprawling outcry, but seeing as both Musk and Twitter hold a place in the hearts of crypto fans, it’s worth highlighting that—according to a tweet by researcher Asuna Gilfoyle—Twitter may be tapping crypto for payments. Musk’s long affiliation with Dogecoin and Bitcoin make them obvious choices for the native currency. It appears that Twitter Payments LLC (a key entity in the potential "Twitter Coin" system) has obtained licenses from several states to handle crypto payments. cc/ @TitterDaily @nima_owji & @EvaFoxU pic.twitter.com/6666sR2ARR — Asuna Gilfoyle ⚡️ (@asunapg) July 24, 2023 Also of note, Twitter literally hijacked the original account holder of the @X handle after extensive public speculation as to the handle\'s potential worth to the company. It’s worth noting here that Twitter prohibits the sale of accounts and reached out offering the former account holder some merchandise and a meeting with the bosses. NEW: former owner of @x handle tells me he didn’t sell the account: “Twitter just took it essentially”. They offered some merchandise and a meeting https://t.co/gVMq4YbHKr pic.twitter.com/SM2MpMxXeg — James Titcomb (@jamestitcomb) July 26, 2023 If you’re one of the many who don’t like the aesthetics of the rebrand, you can do something about it , thanks to software engineer @0xCygaar . Story continues I\'m not a huge fan of the new X logo so I wrote a chrome extension that reverts the X back to the bird logo. You can see in the demo that the bird is restored in both the app as well as the tab icon. Long live the bird. pic.twitter.com/dmkNygEhNO — cygaar (@0xCygaar) July 25, 2023 Digital artist Beeple, who currently holds the record for the biggest NFT sale ever made after netting $69.3 million for his collection EVERYDAYS: The First 5,000 Days , was seen soliciting advice on Monday for his first ever purchase of an NFT profile pic. though I have commented on this space many times through the everydays, I have never actually purchased a single pfp until now… in the market for a punk, any pro tips??? 👀 pic.twitter.com/ZexvIsfQox — beeple (@beeple) July 24, 2023 On Tuesday, Chinese blockchain journalist Colin Wu reported mass layoffs (30%) at the Seychelles-headquartered KuCoin exchange. KuCoin responded that it is a normal performance appraisal. KuCoin is actively embracing compliance and focusing on core business development. — Wu Blockchain (@WuBlockchain) July 25, 2023 KuCoin CEO Johnny Lyu dismissed the news as unfounded rumors and reiterated the company line about the firings being part of a regular performance appraisal. 3/ The crypto world changes fast. To stay on top, we regularly evaluate our org structure based on employee performance and company development. So it is not layoffs, and it is all about making the organization more dynamic and competitive. — Johnny_KuCoin (@lyu_johnny) July 25, 2023 That day, crypto law expert @MetaLawMan wrote a thread outlining the four options he believes are left to the SEC in its ongoing lawsuit against Ripple. SEC v. @Ripple update. There\'s a lot of debate about what the SEC will do next in the Ripple case. I believe there are at least 4 options under consideration... — MetaLawMan (@MetaLawMan) July 25, 2023 Tweeter @SpreekAway shared news of a major exploit affecting lending protocol EraLend. Looks like @Era_Lend exploited on zkysnc for $1.7m USDC pic.twitter.com/kyErGYbL3v — Spreek (@spreekaway) July 25, 2023 OpenAI CEO Sam Altman tweeted a video of an around-the-block queue of people waiting to get their eyeballs scanned so they can receive free crypto from his side project Worldcoin. Worldcoin had a slightly underwhelming and controversial launch week, including a short-lived bump in the value of its native token WLD. It didn\'t help that Ethereum creator Vitalik Buterin said the project has “ major issues ” of privacy, accessibility, centralization and security and said that it could take years for the protocol to work satisfactorily. day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now. pic.twitter.com/vHRu1sWMT3 — Sam Altman (@sama) July 26, 2023 A grisly and deeply unfortunate crypto-related murder story made the rounds on Thursday. BREAKING: Missing millionaire crypto influencer Fernando Pérez Algaba found dismembered in suitcase. pic.twitter.com/Rf0I0QNBm5 — Daily Loud (@DailyLoud) July 27, 2023 Longtime Yuga Labs hater @PopPunkOnChain said he received calls from people who took one of his troll tweets seriously. See how misinformation sticks? I\'m fucking sobbing right now. I just got a call from a law firm based in San Diego. The guy said they\'re looking to talk to former employees of Yuga Labs and they saw my tweet announcing that I had left Yuga Labs recently. Milady world order Log in and spread misinformation — Harrison (@PopPunkOnChain) July 26, 2023 Caution: under no circumstances should you download one particular Korean real-time strategy classic on Steam. kingdom under fire, a korean rts on steam that originally released in 2001, has apparently been hijacked by a crypto scam company that says the blockchain acts as the master server lol pic.twitter.com/G1YNkeGyt1 — Tegiminis (@tegiminis) July 28, 2023 Jason Lowery, the author of an academic thesis about the military-strategic significance of Bitcoin, was seen doing some self promotion on Thursday. Aaand it sold out! For those asking what\'s been going on w/me, I was ordered to take SOFTWAR down & asked to stop talking about the subject publicly. Doesn\'t appear on MIT\'s library either. Can\'t talk details but things are good & I\'m working hard behind the scenes. Appreciate the kind words. — Jason Lowery (@JasonPLowery) July 27, 2023', "It was another underwhelming week for crypto markets as they appeared to cautiously price in the effects of yet another interest rate hike by the Federal Reserve on Wednesday. While this change was only 25 basis points, U.S. interest rates are now the highest they’ve been in 22 years.\nOver on Twitter—or should we call it X? Let’s stick with Twitter for now—many voices reacted loudly to Elon Musk’s rebrand, the first step towards his envisioned “everything app.”\nIt would take a whole separate article to capture the sprawling outcry, but seeing as both Musk and Twitter hold a place in the hearts of crypto fans, it’s worth highlighting that—according to a tweet by researcher Asuna Gilfoyle—Twitter may be tapping crypto for payments. Musk’s long affiliation with Dogecoin and Bitcoin make them obvious choices for the native currency.\nAlso of note, Twitter literally hijacked the original account holder of the @X handle after extensive public speculation as to the handle's potential worth to the company. It’s worth noting here that Twitter prohibits the sale of accounts and reached out offering the former account holdersome merchandise and a meetingwith the bosses.\nIf you’re one of the many who don’t like the aesthetics of the rebrand, you cando something about it, thanks to software engineer@0xCygaar.\nDigital artist Beeple, who currently holds the record for the biggest NFT sale ever made after netting$69.3 millionfor his collectionEVERYDAYS: The First 5,000 Days, was seen soliciting advice on Monday for his first ever purchase of an NFT profile pic.\nOn Tuesday, Chinese blockchain journalist Colin Wu reported mass layoffs (30%) at the Seychelles-headquartered KuCoin exchange.\nKuCoin CEO Johnny Lyu dismissed the news as unfounded rumors and reiterated the company line about the firings being part of a regular performance appraisal.\nThat day, crypto law expert@MetaLawManwrote a thread outlining the four options he believes are left to the SEC in its ongoing lawsuit against Ripple.\nTweeter@SpreekAwayshared news of a major exploit affecting lending protocol EraLend.\nOpenAI CEO Sam Altman tweeted a video of an around-the-block queue of people waiting to get their eyeballs scanned so they can receive free crypto from his side project Worldcoin. Worldcoin had a slightly underwhelming and controversial launch week, including ashort-lived bumpin the value of its native token WLD. It didn't help that Ethereum creator Vitalik Buterin said the project has “major issues” of privacy, accessibility, centralization and security and said that it could take years for the protocol to work satisfactorily.\nA grisly and deeply unfortunate crypto-related murder story made the rounds on Thursday.\nLongtime Yuga Labshater@PopPunkOnChainsaid he received calls from people who tookone of his troll tweetsseriously. See how misinformation sticks?\nCaution: under no circumstances should you download one particular Korean real-time strategy classic on Steam.\nJason Lowery, the author ofan academic thesisabout the military-strategic significance of Bitcoin, was seen doing some self promotion on Thursday. Aaand it sold out!"]... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $570,888,669,225 - Hash Rate: 437010756.32545 - Transaction Count: 645854.0 - Unique Addresses: 800500.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Texas is demonstrating its support for the bitcoin mining industry with the passage of two bills in the latest legislative session, while another bill that could have impacted miners was halted at the committee stage. The bills, SB 1929 and HB 591, aim to provide support and incentives for miners. SB 1929 requires miners with energy capacity over 75 megawatts to register with the Public Utilities Commission of Texas and share their data with the Electricity Reliability Council of Texas. HB 591, on the other hand, introduces tax exemptions for companies that utilize otherwise wasted gas, including data centers. However, a bill known as SB 1751, which could have limited the industry's participation in cost-saving demand-response programs, was stopped at the committee stage. Demand-response programs offer power credits to miners for reducing their operations during times of high energy demand. While the bill was not prioritized during the session and can be reintroduced in the future, industry advocates believe that increasing communication with the relevant authorities will improve transparency and publicly available data on mining, benefiting the industry as a whole. While Texas demonstrates its pro-mining stance, other states are also exploring their approaches to the industry. Arkansas and Montana have passed legislation to protect mining activities, while similar bills in Missouri and Mississippi did not advance. In contrast, New York has imposed a moratorium on new fossil fuel-based bitcoin mines, and Oregon is considering legislation to reduce greenhouse gas emissions from data centers, including miners. Meanwhile, the proposed 30% tax on bitcoin mining put forth by the Biden administrationappears to have stalled, as it did not make it into the recent bill on the debt ceiling.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: As the trading week begins in Asia, Bitcoin and Ether are experiencing minor declines. Insights: An exploit of stablecoin exchange Curve could threaten more than $100 million in crypto. PLUS: Russia\'s share of bitcoin mining rose when China banned the industry; now mining is booming in Russia. Prices Bitcoin Hovers Above 29K as Curve Exploit Works Its Way Through Market As Asia opens its trading week, bitcoin is up 0.3% to $29,415, and ether is down 0.6% to $1,869. So far, the market seems to have digested an exploit in the Curve stablecoin exchange without further contagion. As CoinDesk previously reported, a "re-entrancy" bug in Vyper, the programming language used in parts of Curve, put over $100 million worth of cryptocurrency at risk. Blockchain auditing firm BlockSec preliminarily estimated the total losses to be above $42 million. Elsewhere in the market, the Chia Network’s Gene Hoffman said in a recent interview with CoinDesk that despite a decoupling between stocks and tech stocks this year, Bitcoin and tech still have the potential for correlation due to ongoing mass adoption. “The coin usually tends to trade as if it were a tech stock. The tech earnings around are mixed to positive,” he said. “There\'s no real force to break things one side or the other." Hoffman also said he expects the market to move sideways in August due to the global vacation season but foresees a gentle move upward in all markets come September due to job support, an opening IPO market, and potential rate decreases after a final hike in the US. Finally, last week, Markus Thielen, Matrixport’s head of research and strategy, said in an interview with CoinDesk that traders should switch from bitcoin to bullish call options due to low volatility, enabling them to lock in current gains while potentially benefiting from future upside rallies. "This allows locking in the year-to-date gains for bitcoin, while the call option exposure allows participating in any upside rally," Thielen said. Story continues Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +12.5% Entertainment XRP XRP +7.5% Currency Avalanche AVAX +3.4% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −19.5% Smart Contract Platform Dogecoin DOGE −14.8% Currency Chainlink LINK −12.3% Computing Insights A Curve Breach Could Imperil More than $100M in Crypto Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit, according to a tweet from the project . Upwards of $100 million worth of cryptocurrency are at risk due to a “re-entrancy” bug in Vyper, a programming language used to power parts of the Curve system. Several stablecoin pools on the platform — used for pricing and liquidity on a number of different DeFi services — have been drained by hackers so far. Other projects that use the Vyper programming language could share the same vulnerability. As Asia opened its trading day, it was unclear how much had been drained from Curve as a result of the attack. BlockSec, a blockchain auditing firm, estimated the total losses above $42 million in a preliminary analysis posted to Twitter. Curve\'s CRV token was recently trading at 62 cents, off more than 16% over the past 24 hours. It changed hands as low as 59 cents, a more than 19% decline late Sunday after the breach. Russia\'s Bitcoin Mining Boom The bitcoin mining industry in Russia is booming, and hardware manufacturers Bitmain and MicroBT are positioning themselves to reap the benefits. More machines are flowing into Russia than anywhere else in the world, Ethan Vera, chief operating officer at global mining services firm Luxor Technologies, said at CoinDesk’s Consensus 2023 festival held last month in Austin, Texas. Russia has always been a powerhouse in Bitcoin hash rate – a measure of computational power being contributed to the blockchain – thanks to the availability of cheap energy and its cold climate. Russia’s share of world mining gained as China banned the industry in 2021 , making it the second- or third-largest in the world, according to one of its biggest mining firms . Important events. 9 a.m. HKT/SGT(1 a.m. UTC): China Non-manufacturing PMI (June) 1 p.m. HKT/SGT(5 a.m. UTC): Japan construction orders (June/YoY) 1 p.m. HKT/SGT(5 a.m. UTC): Japan Consumer Confidence (July) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Worldcoin Tokenomics in Focus; Palau Begins Stablecoin Trial on XRP Ledger Ripple VP of central bank engagements and CBDCs James Wallis explained why the country of Palau will be leveraging Ripple\'s CBDC platform. Bitwise Asset Management president Teddy Fusaro shared his crypto markets analysis as the highly anticipated project co-founded by OpenAI\'s Sam Altman launched its WLD token earlier this week. And, Eco App CEO Andy Bromberg discussed crypto wallet Beam going live. Headlines Bitcoin Won’t Be Stuck Below $30K for Long, Crypto Options Traders Bet: BTC losing the significant price level after a month is likely just a short-term deviation based on derivatives trading data, SynFutures CEO said. Sam Bankman-Fried Maybe Hasn’t Escaped Campaign Finance Charges: The Department of Justice pulled one charge, but it\'s still pursuing seven for trial this October – and another trial on different charges next March. Is the Worry Over Worldcoin Warranted?: No project since Facebook\'s Libra has generated such hue and cry from within the crypto community. Is it right to be concerned by Sam Altman\'s iris-scanning uber-ambitious UBI project? CORRECTION (July 30, 2023, 2:03): Corrects headline to correlation from decoupling.', 'Bitcoin and Ether prices dropped on Monday morning in Asia, but remained above the support levels of US$29,000 and US$1,800 respectively. The drop coincided with news of a hack at DeFi exchange Curve Finance. Most other top 10 non-stablecoin cryptocurrencies traded lower, with Tron’s TRX token leading the losers. The Forkast 500 NFT index dropped while U.S. equity futures edged higher. Analysts suggest that improved economic resilience and easing inflationary pressures will lead the Federal Reserve to pause interest rate hikes after its decision to raise the rate by 25 basis points in July.\nBitcoin dipped 0.36% in the last 24 hours to US$29,261 as of 07:45 a.m. in Hong Kong and lost 2.65% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a low of US$29,059 on Sunday, but remained above the support level of US$29,000.\nOn Sunday, decentralized stablecoin exchange Curve Finance reported a security flaw on the platform. According todatafrom smart contract auditing firm BlockSec, hackers drained an estimated US$41 million worth of cryptocurrencies from the platform as a result of the malfunction.\nCurve Finance is the third largest decentralized financial exchange (DEX) by 7-day trading volume, according to DeFi data trackerDefiLlama.\nCRV, the native token of Curve DAO and the Curve Finance platform, dropped over 13% in the past 24 hours. Its trading volume surged almost 15 times to over US$228 million, indicating panic among Curve Finance users.\n“Surprisingly, CRV DAO perpetual futures are still trading at a small premium, indicating that traders are more focused on moving positions away from the DEX (regarding total value locked) rather than shorting the token,” said Markus Thielen, Head of Crypto Research & Strategy at digital asset service platform Matrixport, in an emailed comment.\nEther fell 1.06% to US$1,862, holding a weekly loss of 1.38%.\n“The market has been trading soft and sideways since the surge around theXRP rulingearlier this month,”saidSingapore-based crypto asset trading firm QCP Capital in a Sunday market note.\n“However, the market is expecting a spike in volatility and possibly a large price increase in BTC towards the end of the year and into next year with theBlackrock spot ETF rulingas well as the Bitcoin Halving,” said QCP Capital.\nMost other top 10 non-stablecoin cryptocurrencies also logged losses, with Tron’s TRX token leading the losers. It fell 3.97% to US$0.08008, down 3.89% for the week.\nDespite the price drop, average daily transactions on the Tron network reached over 9 million in the second quarter of 2023. That daily volume has contributed to an annual rise of 91.24%, according to areportreleased by Coin98 Analytics on July 19.\nCardano’s ADA token was the only top 10 crypto logging gains. It edged up 0.39% to US$0.3141, but was still trading 0.98% lower for the week.\nMeanwhile, the thirdhalving eventfor Litecoin will occur Wednesday.\xa0 The halving event will cut the mining reward for each successfully minted Litecoin block from 12.50 LTC to 6.25 LTC, increasing its scarcity and potentially triggering a rise in the token’s price.\nLitecoin dipped 0.32% in the past 24 hours to US$94.13, but gained 1.00% in the past seven days.\nThe total crypto market capitalization fell 0.45% in the past 24 hours to US$1.18 trillion, while trading volume rose 36.21% to US$24.14 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nTheForkast 500 NFT indexfell 1.40% in the past 24 hours to 2,550.87 as of 10:45 a.m. in Hong Kong, a drop of 4.60% for the week and 10.53% for the month.\nForkast’s Ethereum, Solana, Polygon and Cardano NFT market indexes all logged losses. For the 30-day period, Cardano is the only network seeing an increase in its NFT index with a gain of 4.76%.\nTotal NFT trading volume fell 14.52% in the past 24 hours to US$15.74 million, according to data fromCryptoSlam. Volumes on the Ethereum, BNB Chain, Bitcoin Polygon and Cardano networks fell. The Solana and ImmutableX networks logged increases.\nTotal NFT trading volume in July totaled about Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $572,427,864,000 - Hash Rate: 366776884.7731455 - Transaction Count: 445666.0 - Unique Addresses: 677346.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and all other top 10 non-stablecoin cryptocurrencies gained in Friday afternoon trading in Asia. The gains come after Ripple Labs achieved apartial victoryon Thursday when a U.S. court ruled that Ripple Labs’ programmatic sales of the XRP cryptocurrency did not qualify as the offer and sale of investment contracts. The U.S. Securities and Exchange Commission (SEC) in 2020 accused Ripple of offering XRP as an unregistered security. The judgment marks a significant milestone in the three-year legal tussle between the San Francisco-based payments firm and the U.S. regulator. XRP rallied over 62% in the past 24 hours. See related article:What is XRP and what is Ripple? Bitcoin, the world’s largest cryptocurrency by market capitalization, gained 2.46% to US$31,115 in 24 hours to 4 p.m. in Hong Kong, and increased 3.69% on the week, according toCoinMarketCap data. Ether strengthened 6.46% to US$1,991 and rose 7.26% in the last seven days. Boosted by the ruling on the SEC-Ripple case, XRP led a rally in the crypto market on Friday, rising 62.71% to US$0.7674 and bringing its weekly gains to 65.47%. In asummary judgmenton Thursday, New York Southern District Court Judge Analisa Torres ruled that Ripple’s programmatic sales of the XRP token on public exchanges do not constitute securities, but the verdict also said that Ripple’s XRP sales to institutional investors violated securities laws. The SEC firstsuedthe San Francisco-based financial technology firm in 2020 on the grounds that XRP constituted a security. Ripple’s chief legal officer Stuart Alderoty called the judgment “a huge win” in atweeton Friday. “The only thing the Court found constitutes an investment contract is past direct XRP sales to institutional clients. There will be further court proceedings only on these institutional sales per the Court’s order,” Alderoty said. Coinbase, the largest crypto exchange in the U.S., said in atweetthat it is reopening trading of XRP. Other crypto exchanges like Crypto.com alsotweetedthat it is enabling XRP trading, while Kraken Prosaid on Twitterthat XRP is “back in full-trading mode” on its platform. “This can be considered a win because XRP is one of the more centralized foundations, with a prominent figurehead who offered standard sales via exchanges, and formal distribution programs. If XRP is not considered a security, nearly nothing sold via exchanges is,” Vincent Chok, CEO of Hong Kong-based consultancy First Digital, toldForkastin an emailed response. “If the court states that XRP is not a security, it strengthens the case for many other tokens that the SEC considers a security. The SEC has tried the regulation by enforcement tactic, but this ruling might make it think twice about its past approach,” Chok added. However, according to Ben Caselin, vice president and chief strategy officer at Dubai-based crypto trading platform MaskEX, the court’s ruling might be cause for some relief among investors, but this tug-of-war is far from over. “Due to their peer-to-peer and digital native nature, cryptocurrencies do not easily allow for regulation in the traditional sense, but, going forward, if projects and companies who issue tokens want to deal with the general public and institutional investors, they might want to practice more caution compared to a few years ago,” Caselin toldForkastin an emailed response. XRP’s 24-hour trading volume soared 1,743.38% to US$13.27 billion, while its market capitalization strengthened 64.52% to US$40.85 billion. The verdict on the Ripple vs. SEC lawsuit also boosted prices of all top 10 non-stablecoin cryptocurrencies. Cardano’s ADA token gained 22.88% to US$0.3526, bringing its weekly gains to 25.91%. Solana increased 31.98% to US$28.75 and is up 47.96% on the week. Polygon’s Matic token strengthened 17.96% to US$0.8555 in 24 hours and 29.4% on the week. The three cryptocurrencies saw double-digit losses in early June when the SEC labeled the tokens as financial securities in itslawsuitsagainst crypto exchanges Coinbase and Binance.US. “The resolution of the lawsuit could lead to increased investor and market confidence in XRP [which] could attract new investors and drive greater liquidity and trading volume for XRP,” Minal Thukral, executive vice-president of growth and strategy at CoinDCX, India’sfirst crypto unicorn, said in an emailed statement on Friday. The total crypto market capitalization rose 5.59% to US$1.25 trillion, while market volume increased 131.39% to US$70.53 billion in the past 24 hours. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the mainForkast 500 NFT indexedged up 0.27% to 2,706.85 in 24 hours to 6.45 p.m. in Hong Kong. Forkast’s Ethereum and Solana indices also gained in the same period. Total NFT sales volume on Ethereum blockchain gained 8.95% in the past 24 hours to US$17.07 million, according to data fromCryptoSlam. By collections, Ethereum-based Bored Ape Yacht Club recorded the highest 24-hour sales volume, rising 2.76% to US$2.09 million. NFT sales volume on the Bitcoin network declined 22.49% in 24 hours to US$2.68 million. Bitcoin’s $FRAM BRC-20 NFTs ranked the second-highest among collections. “CryptoPunks are gaining traction after Twitter users startedspeculatingthat a new cryptocurrency would be launched by an influencer named Pauly, who has been active in the Phunks community,” according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “Pauly is known as a co-defendant in the Yuga Labs vs Ryder Rips BAYC collection lawsuit, and also as potentially a co-creator of Yuga Labs’ $APE Coin,” Petscher added. Ethereum-basedCryptoPunksgained 9.01% in sales volume to US$927,929 in the past 24 hours, ranking it the fourth biggest collection. Asian stock markets mostly rose on Friday after the People’s Bank of China deputy governor Liu Guoqiangsaidthat China’s central bank will step up “countercyclical adjustments” to aid recovery of the world’s second-largest economy. The central bank would use monetary policy tools such as the reserve requirement ratio, medium-term lending facility, and open market operations to boost economic growth. China’sShanghai Composite, Hong Kong’sHang Seng, South Korea’sKospistrengthened while Japan’sNikkeidropped. India’s annual wholesale price index-based inflationdeclinedfor the third straight month to 4.12% in June compared to 3.48% in May. The decline was mainly due to lower prices of food products, mineral oils, crude petroleum and natural gas. India’sSensexindex at the Bombay Stock Exchange gained 0.77% at the close of trading hours on Friday. Earlier this month,Goldman Sachs saidthe world’smost populouscountry would become the world’ssecond largest economyby 2075, surpassing not only Japan and Germany but also the U.S. U.S. stock futures strengthened as of 8 p.m. in Hong Kong, with the Dow Jones Industrial Average futures, the S&P 500 futures, and the Nasdaq 100 Futures all in the green. The U.S.producer price index(PPI) released Thursday recorded a 0.1% year-on-year rise for June, down from 0.9% in May. The June figure is the smallest increase since August 2020. The data is also well below analystexpectationsof a 0.4% annual increase. The latest U.S.consumer price index, a key inflation indicator, slowed to 3% in June, beating market expectations of3.1%. It was also the smallest annual increase since March 2021, and brought inflation rates closer to the Federal Reserve’starget of 2%. Jeff Feng, co-founder of Sei Labs – a contributor to the Sei blockchain focused on trading – and a former Goldman Sachs analyst said that cooling inflation will be a boost to crypto markets. “This economic thaw doesn’t merely spell relief from the spiraling prices but is also poised to breed bullish sentiment across markets, especially for risk-on assets like cryptocurrencies. As the fear of inflation recedes, investors, buoyed by the healthier economic outlook, may be more inclined to channel their resources toward such assets,” Feng wrote. The Federal Reserve meets on July 26 to discuss its next move on interest rates which are currently between 5% and 5.25%. “We will still see a rate hike in July. The debate will intensify though, and we do not expect a move in September,” Keith Wade, chief economist and strategist at Schroders, said in an emailed statement on Friday. “The next move should prove to be the last hike in this cycle with cuts following thereafter,” Wade added. European bourses traded mixed on Friday as the benchmark STOXX 600 gained while Germany’s DAX 40 dropped during Friday afternoon trading hours in Europe. (updates with equities section.)... - Reddit Posts (Sample): [['u/bigoldbert23', 'How does bitcoin help prevent inflation?', 21, '2023-07-31 18:54', 'https://www.reddit.com/r/Bitcoin/comments/15elipm/how_does_bitcoin_help_prevent_inflation/', "Imagine we're in 2030 and after WW3 all current fiat currencies have collapsed. Slowly bitcoin takes hold as the only hard money still available to exchange for goods and services. By 2040 it's been adopted as the global currency. Governments and central banks can no longer fuck with money and the world is starting to rebuild on a bitcoin standard. All well and good. What I wondered is I often hear how a bitcoin standard would help prevent inflation, but I am not sure if this is true or possible. Let's say an apple costs 10 sats in this brave new world, but one year, there's a bad apple harvest and limited supply. Normal supply and demand economics would still apply, so the price of an apple rapidly doubles to 20 sats. Those with enough sats can pay the increased price, but for some, too expensive, and they can't afford to buy apples. In this example, the same situation would apply as it does now, except the governments could not try and tinker with the economy at their pleasure - or money print anymore.\n\nSo, am I missing something? Would a bitcoin standard help prevent this type of inflation or is this just inherent in a free market?", 'https://www.reddit.com/r/Bitcoin/comments/15elipm/how_does_bitcoin_help_prevent_inflation/', '15elipm', [['u/XxZeroFiatxX', 25, '2023-07-31 19:19', 'https://www.reddit.com/r/Bitcoin/comments/15elipm/how_does_bitcoin_help_prevent_inflation/ju87khh/', 'The price of apples could still go up if there\'s a bad harvest, but that wouldn\'t the norm. Right now the price of apples goes up during a good harvest because the government prints money to buy missles. We wouldn\'t have this persistent increase in prices of all goods under a bitcoin standard. It would be a transitory market response to a particular situation. So there wouldn\'t be a discussion on "inflation" as a macroeconomic trend, it would be a one-off event for the apple industry.', '15elipm']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Traders are taking aim at lending protocols following the attack on Curve\nInsights:Curve Finance chaos following its hack over the weekend has put a $168 million lending position held by founder Michael Egorov at greater risk of liquidation. PLUS: The litecoin Foundation and Ballet tease a collectible card sale.\nCoinDesk Market Index (CMI)\n1,229\n−8.3▼0.7%\nBitcoin (BTC)\n$29,273\n−195.9▼0.7%\nEthereum (ETH)\n$1,861\n−14.6▼0.8%\nS&P 500\n4,588.96\n+6.7▲0.1%\nGold\n$2,001\n+41.0▲2.1%\nNikkei 225\n33,172.22\n+413.0▲1.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,229", "\\u22128.3\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,273", "\\u2212195.9\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,861", "\\u221214.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,588.96", "+6.7\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,001", "+41.0\\u25b22.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,172.22", "+413.0\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin, Ether Stable, CRV Slumps as Market Braces for Monster Liquidation\nAs Asia begins its business day, crypto majors like bitcoin and ether are stable, but it\'s a sea of red elsewhere.\nBitcoin is down 0.16% to $29,236, and ether is changing hands at $1,857, down 0.27%.\neToro US Investment Analyst Callie Cox blames seasonality as a reason why the crypto majors aren’t moving.\n“The seasonal patterns we see show that bitcoin prices have been a little bit weaker in August and September,” Cox said on CoinDesk TV\'s "First Mover" program. “People are going off to the beach; they\'re not looking at their portfolios or trading their portfolios.”\nBut elsewhere in the market, chaos is looming.\nCRV, the token attached to Curve Finance’s DAO,which recently suffered an exploitvia a bug in the programming language used in its tech stack, is down 10.3% to 56 cents.\nPart of the reason why the market is reacting in such a way is because of a lending position held by founder Michael Egorov on lending protocol Aave.\nEgorov currentlyhas a $168 million lending positionon Aave secured by CRV, which is drifting toward liquidation. Should this be liquidated, the rapid price declines would cause a cascading series of liquidations, and the liquidated assets would flood the market.\nAs such, lending protocol tokens like AAVE, Compound’s COMP, Maple Finance’s MPL, and Maker’s MKR are leading the market declines. AAVE is down 8%, while COMP has declined 8.8%, MPL is down 3.2%, and MKR 2%.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+12.8%", "DACS Sector": "Entertainment"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+7.5%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+4.2%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u221219.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u221213.4%", "DACS Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u221210.4%", "DACS Sector": "Computing"}]\nCurve Chaos Continues\nChaos at Curve Finance has put a $168 million lending position held by founder Michael Egorov at greater risk of liquidation, an event that – if it happens – could have giant implications across decentralized finance (DeFi). Egorov has $168 million of CRV – Curve’s native token – securing loans from multiple DeFi protocols, data on blockchain analytics siteDeBankshows. That equals almost34% of the token’s total market capitalization. Followingan exploitover the weekend at Curve, CRV’s price has sunk more than 20%, putting Egorov closer to levels where he’d get liquidated.\nLitecoin, Ballet\'s Silver Cards\nLitecoin is sometimes referred to as the “digital silver” to bitcoin’s reputation as “digital gold.” That reference appears to be the basis for a new crypto promotion by Litecoin creator Charlie Lee and his brother Bobby Lee, aiming to capitalize on a sudden surge in interest in the project, thanks to a quadrennial event in the blockchain’s lifecycle known as a “halving,” happening this week. Bobby Lee is CEO and co-founder ofBallet, a manufacturer of special cards used for “cold storage” or holding crypto offline. And he’s teamed up with his younger brother Charlie Lee, executive director of the Litecoin Foundation, to commemorate the blockchain’s third halving by creating 500 collectible cards made of 99.9% pure silver. The cards themselves – the silver alone – could carry a value ofroughly $40 a card, but they would also be loaded with 6.25 LTC, or $581 worth. They are expected to be sold for about $1,000, which means the premium would roughly represent intangible value to buyers. All proceeds from the sale will be donated to theLitecoin Foundationto further the blockchain’s adoption and development, according to Charlie Lee.\nMicroStrategy Q2 Earnings\n8:30 a.m. HKT/SGT(12:30 p.m. UTC):Jibun Bank Manufacturing PMI (July)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin Manufacturing PMI (July)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCurve Finance Drained of $50M in Latest DeFi Exploit; Bitcoin Flirts With $29.5K\nMore than $100 million worth of crypto could be at risk due to a bug impacting Curve, a stablecoin exchange at the center of Ethereum’s DeFi ecosystem. Ava Labs president John Wu weighed in on what this means for the state of the crypto industry, along with his thoughts on asset tokenization. eToro US investment analyst Callie Cox shared her outlook on bitcoin ahead of the July jobs report. And, DappRadar\'s Pedro Herrera discussed the future of decentralized social dapps.\nIRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens:The latest tax guidance from the Internal Revenue Service outlines how and when staking rewards are taxed.\nCoinbase’s New Base Blockchain Gobbled Up $68M in Ether, and It’s Not Even Officially Live Yet:Meme coin BALD’s 4,000,000% surge seemed to spark the huge inflows to the nascent crypto bridge.\nAfter the Curve Attack: What\'s Next for DeFi?:The $70 million weekend exploit of major platforms, including Curve, come at a time when developers are discussing changes to the prevailing AMM liquidity model.', 'Good morning. Here’s what’s happening: Prices: Traders are taking aim at lending protocols following the attack on Curve Insights: Curve Finance chaos following its hack over the weekend has put a $168 million lending position held by founder Michael Egorov at greater risk of liquidation. PLUS: The litecoin Foundation and Ballet tease a collectible card sale. Prices CoinDesk Market Index (CMI) 1,229 −8.3 ▼ 0.7% Bitcoin (BTC) $29,273 −195.9 ▼ 0.7% Ethereum (ETH) $1,861 −14.6 ▼ 0.8% S&P 500 4,588.96 +6.7 ▲ 0.1% Gold $2,001 +41.0 ▲ 2.1% Nikkei 225 33,172.22 +413.0 ▲ 1.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,229 −8.3 ▼ 0.7% Bitcoin (BTC) $29,273 −195.9 ▼ 0.7% Ethereum (ETH) $1,861 −14.6 ▼ 0.8% S&P 500 4,588.96 +6.7 ▲ 0.1% Gold $2,001 +41.0 ▲ 2.1% Nikkei 225 33,172.22 +413.0 ▲ 1.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin, Ether Stable, CRV Slumps as Market Braces for Monster Liquidation As Asia begins its business day, crypto majors like bitcoin and ether are stable, but it\'s a sea of red elsewhere. Bitcoin is down 0.16% to $29,236, and ether is changing hands at $1,857, down 0.27%. eToro US Investment Analyst Callie Cox blames seasonality as a reason why the crypto majors aren’t moving. “The seasonal patterns we see show that bitcoin prices have been a little bit weaker in August and September,” Cox said on CoinDesk TV\'s "First Mover" program. “People are going off to the beach; they\'re not looking at their portfolios or trading their portfolios.” But elsewhere in the market, chaos is looming. CRV, the token attached to Curve Finance’s DAO, which recently suffered an exploit via a bug in the programming language used in its tech stack, is down 10.3% to 56 cents. Part of the reason why the market is reacting in such a way is because of a lending position held by founder Michael Egorov on lending protocol Aave. Story continues Egorov currently has a $168 million lending position on Aave secured by CRV, which is drifting toward liquidation. Should this be liquidated, the rapid price declines would cause a cascading series of liquidations, and the liquidated assets would flood the market. As such, lending protocol tokens like AAVE, Compound’s COMP, Maple Finance’s MPL, and Maker’s MKR are leading the market declines. AAVE is down 8%, while COMP has declined 8.8%, MPL is down 3.2%, and MKR 2%. Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +12.8% Entertainment XRP XRP +7.5% Currency Terra LUNA +4.2% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −19.0% Smart Contract Platform Dogecoin DOGE −13.4% Currency Chainlink LINK −10.4% Computing Insights Curve Chaos Continues Chaos at Curve Finance has put a $168 million lending position held by founder Michael Egorov at greater risk of liquidation, an event that – if it happens – could have giant implications across decentralized finance (DeFi). Egorov has $168 million of CRV – Curve’s native token – securing loans from multiple DeFi protocols, data on blockchain analytics site DeBank shows. That equals almost 34% of the token’s total market capitalization . Following an exploit over the weekend at Curve, CRV’s price has sunk more than 20%, putting Egorov closer to levels where he’d get liquidated. Litecoin, Ballet\'s Silver Cards Litecoin is sometimes referred to as the “digital silver” to bitcoin’s reputation as “digital gold.” That reference appears to be the basis for a new crypto promotion by Litecoi Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $563,720,029,344 - Hash Rate: 361574375.7692712 - Transaction Count: 412219.0 - Unique Addresses: 734323.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A blockchain developer has reverse-engineered the code behind the Brazilian Central Bank Digital Currency (CBDC) and discovered an unsettling feature: the government has built in the ability to freeze funds and adjust balances. Pedro Magalhaes , founder of Web3 consulting company Iora Labs , reviewed the Application Programming Interface published by the monetary authority on its Github account. And he says the government has not been forthcoming with an explanation. They tend to keep things closed off and usually dont communicate with non-bankers," he told Decrypt , although he said he has had some general discussions on Github about the CBDC implementation. Honestly, they dont even need to care about public opinion. Vini Barbosa , reporter for Brazilian crypto news outlet Portal Do Bitcoin , took to social media to claim thathe spoke to the Brazilian authorities and confirmed Magalhaes findings. The ability to 'freeze or arrest amounts' held in [this system] is protected by current legislation in Brazil, according to the Central Bank," Barbosa tweeted . Brazilian banking authorities did not respond to a request for comment from Decrypt . Magalhaes, who first published the discovery on his LinkedIn profile for educational purposes, first thought the function would only refer to DeFi or CeFi, where it may be necessary to freeze the balances to complete a smart contract operationbut said the official response was that the central bank can do it any time it wants. Brazilians are scared, he said, due to the nation's financial history. In the 1990s, the countrys president froze finances for all Brazilians for 18 months. Magalhaes said the the only way to fight the central bank's excessive control over CBDC is to report it on social media. They will try hard to adopt it, and they have the power to do it," the expert in Ethereum s Solidity programming language told Decrypt . "As a blockchain developer, the only thing I've been asking for is: please, provide public smart contracts and let Brazilians know what the Central Bank is doing. View comments... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["MicroStrategy, the software developer that’s amassed a giant bitcoin (BTC) stash in recent years, may raise up to $750 million by selling more stock and plans to use the proceeds to buy more bitcoin, among other things. The announcement was made in a U.S. Securities and Exchange Commission filing late Tuesday. Bitcoin’s price rose noticeably in the aftermath, approaching $29,800 from around $29,200. (CoinDesk) Chairman Michael Saylor has gotten MicroStrategy heavily involved with bitcoin, buying billions of dollars worth since the pandemic. And he’s raised money to do so the old-fashioned way: selling more of the publicly traded company’s equity and bonds. This adds to that strategy. Read more: Michael Saylor Lost Big in the Dot-Com Bubble and Bitcoin’s Crash. Now He Aims to Rebound Again The company owned 152,800 bitcoin as of July 31 , which are now worth about $4.5 billion. “We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and working capital, and, subject to market conditions,” already issued bonds, according to MicroStrategy’s Tuesday filing. UPDATE (Aug. 2, 2023, 00:21 UTC): Updates BTC's price. View comments", "MicroStrategy, the software developer that’s amassed a giant bitcoin (BTC) stash in recent years, may raise up to $750 million by selling more stock and plans to use the proceeds to buy more bitcoin, among other things.\nThe announcement was made in a U.S. Securities and Exchange Commissionfilinglate Tuesday.Bitcoin’s pricerose noticeably in the aftermath, approaching $29,800 from around $29,200.\nChairman Michael Saylor has gotten MicroStrategy heavily involved with bitcoin, buying billions of dollars worth since the pandemic. And he’s raised money to do so the old-fashioned way: selling more of the publicly traded company’s equity and bonds. This adds to that strategy.\nRead more:Michael Saylor Lost Big in the Dot-Com Bubble and Bitcoin’s Crash. Now He Aims to Rebound Again\nThe company owned152,800 bitcoin as of July 31, which are now worth about $4.5 billion.\n“We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and working capital, and, subject to market conditions,” already issued bonds, according to MicroStrategy’s Tuesday filing.\nUPDATE (Aug. 2, 2023, 00:21 UTC):Updates BTC's price.", "MicroStrategy, the software developer that’s amassed a giant bitcoin (BTC) stash in recent years, may raise up to $750 million by selling more stock and plans to use the proceeds to buy more bitcoin, among other things.\nThe announcement was made in a U.S. Securities and Exchange Commissionfilinglate Tuesday.Bitcoin’s pricerose noticeably in the aftermath, approaching $29,800 from around $29,200.\nChairman Michael Saylor has gotten MicroStrategy heavily involved with bitcoin, buying billions of dollars worth since the pandemic. And he’s raised money to do so the old-fashioned way: selling more of the publicly traded company’s equity and bonds. This adds to that strategy.\nRead more:Michael Saylor Lost Big in the Dot-Com Bubble and Bitcoin’s Crash. Now He Aims to Rebound Again\nThe company owned152,800 bitcoin as of July 31, which are now worth about $4.5 billion.\n“We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and working capital, and, subject to market conditions,” already issued bonds, according to MicroStrategy’s Tuesday filing.\nUPDATE (Aug. 2, 2023, 00:21 UTC):Updates BTC's price.", 'What a week in non-fungible tokens! No, you didn\x92t miss a major happening or a hot mint, but there\x92s actually something to be excited about. The market and news are still very slow, with little trading volume, and tumbling sales. What\x92s significant in this week\x92s market is a smorgasbord of NFT offerings with actual utility that\x92s often overshadowed during hype cycles. Counter-Strike: Go skins from DMarket, gaming NFT cards from Gods Unchained, Sotheby\x92s new generative art platform launch, fantasy sports NFTs from Sorare, and an innovative Watch2Earn program backed by NFTs all showcase how diverse NFTs have become, and how much growth the industry has witnessed in just a few years. These NFTs span blockchains, with Mythos Chain, ImmutableX, Ethereum, and Binance, and importantly show how NFTs have large bases of collectors outside of Ethereum. NFTs are growing, and while it\x92s hard to see in the moment when we\x92re sometimes so fixated on prices, I implore you to zoom out and see how far NFTs have come. It\x92s an exciting time for NFTs and one that\x92s worth your attention, especially in this major bear market. The market itself is struggling as you would imagine. The CyberKongz Genkai mint couldn\x92t sell out 9,000 NFTs on Ethereum , so the mint instead was slashed to 3,000. The remaining NFTs were given as free bonus NFTs to anyone who purchased a Genkai. The Ronin side however sold out of their 3,000 NFTs in under an hour, showing that there are pockets of the ecosystem that still are hungry to collect Bitcoin\x92s Ordinals are having a hard time finding buyers in this market, and can\x92t even crack the top five in the blockchain rankings. The blockchain itself, once firmly in the second spot in the rankings, now has fallen to seventh with just US$4.2 million in secondary sales for the week. The limitations of Bitcoin have become a hindrance to growth. Without utility or high-end art, collectors have no little reason to trade on Bitcoin when they could be trading $BTC itself. However, ordinals saw a record-high 442,000 ordinals minted in a single day recently. Even if traders aren\x92t willing to collect ordinals on secondary, they\x92re still very active in the ecosystem itself. Story continues Total sales for July reached just US$493 million , the lowest since June 2021 when global sales were US$404 million. While the market was down from last week, it remained close to last week\x92s totals, maybe reflecting some incoming stability. Expect more of the same action for the foreseeable future, though the space can pivot at any moment on news or hype. Weekly Global NFT stats table Let\x92s take a look at what was moving the markets this week. Peep the Charts NFT collection rankings 8.2 DMarket has rocked this week with over US$5.2 million in sales from CS:GO, TF2, and other skins from some of the world\x92s biggest video games. Gods Unchained also has been hot with US$4.8 million in sales as gamers discover the deep gameplay on ImmutableX\x92s majorly popular NFT game. Sothebys \x92 new generative art platform saw its first release with an NFT drop from Vera Molnar. The auction sold at around 1 ETH, and secondary markets pushed the collections floor price to around 5 ETH. PLAYNFT gives Binance a position on the top collection rankings with US$1.7 million in sales. Their innovative Watch2Earn platform for content creators and their fans shows a unique use case for NFTs. Blockchains by NFT sales volume Ethereum\x92s sales reflect an 18% increase, up to US$9 million, but July\x92s US$271 million in sales is the lowest month of sales since June 2021. Binance is rocking into the third position with US$6 million in sales behind AIWorld Nodes and PLAYNFTs. Polygon\x92s news that the Palm blockchain will migrate to Polygon has yet to reflect in volume, with US$5 million in sales. Mythos and ImmutableX take the fifth and sixth spots, showing that gaming NFTs can compete all on their own with the other major blockchains. Bitcoin has fallen to the seventh spot, struggling to cross US$5 million in sales for the week. Noteworthy Happenings CryptoDickButts , one of the ultimate meme NFT collections to come from 2021 will be turning the project over to the biggest holder of their new series of four NFTs. The winner will get control over the official Twitter, Discord, and multi-signature wallet. MemeWhales did $1.1m in trading volume behind their trading bot that collectors can purchase access to via NFT. AIWorld Nodes on Binance allows collectors to purchase nodes that will power the AI platforms ecosystem. Holders can expect rewards through the platform\x92s currency, and more as they seemingly become validators. PROOF announced Grails series IV, which will see a new collection of art arrive from 20 as of yet unnamed artists. Previous artists include Deafbeef, Tyler Hobbs, Claire Silver, Matt Kane, Zancan, and other legends of NFT art. Expect this to be a major event that will use the Art Blocks Engine for the mint. The Palm blockchain along with their big brand NFTs like MLB, Netflix, NASCAR, and more are joining Polygon\x92s new 2.0 ecosystem.', 'What a week in non-fungible tokens! No, you didn’t miss a major happening or a hot mint, but there’s actually something to be excited about. The market and news are still very slow, with little trading volume, and tumbling sales. What’s significant in this week’s market is a smorgasbord of NFT offerings with actual utility that’s often overshadowed during hype cycles.\nCounter-Strike: Go skins from DMarket, gaming NFT cards from Gods Unchained, Sotheby’s new generative art platform launch, fantasy sports NFTs from Sorare, and an innovative Watch2Earn program backed by NFTs all showcase how diverse NFTs have become, and how much growth the industry has witnessed in just a few years. These NFTs span blockchains, with Mythos Chain, ImmutableX, Ethereum, and Binance, and importantly show how NFTs have large bases of collectors outside of Ethereum.\nNFTs are growing, and while it’s hard to see in the moment when we’re sometimes so fixated on prices, I implore you to zoom out and see how far NFTs have come. It’s an exciting time for NFTs and one that’s worth your attention, especially in this major bear market.\nThe market itself is struggling as you would imagine. The CyberKongz Genkai mint couldn’t sell out 9,000 NFTs onEthereum, so the mint instead wa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $566,175,931,031 - Hash Rate: 400593193.2983291 - Transaction Count: 390768.0 - Unique Addresses: 698941.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: While the major indexes were choppy, Meta Platforms stock popped on news of a new microblogging app. It was a sleepy start for stocks following the Fourth of July holiday, with the major indexes bouncing between positive and negative territory throughout Wednesday's session. The choppy price action came as market participants looked ahead to the mid-afternoon release of the minutes from the June Fed meeting (when it chose to pause hiking interest rates ) and continued into the close. The release of the Fed meeting minutes was the main event on today's relatively quiet economic calendar. The minutes showed that "some participants" favored another quarter-point rate hike at the June gathering, with those in support of this saying there were "few clear signs" that inflation was easing amid a still-strong labor market. However, "all participants continued to anticipate that … maintaining a restrictive stance for monetary policy would be appropriate" to reach the Fed's 2% inflation target, the minutes indicated . Meta takes aim at Twitter Meanwhile, there was plenty of single-stock action to keep investors on their toes. Meta Platforms ( META ), for one, jumped 2.9% after the Facebook parent said it will release this Thursday a microblogging app called Threads. The app is expected to compete with Elon Musk's Twitter. The latter social media app caused an uproar over the weekend when it said it would temporarily limit the number of posts unverified users can see in a day. Elsewhere, United Parcel Services ( UPS ) shed 2.1% after the Teamsters Union said the logistics giant "walked away" from contract negotiations. UPS, for its part, accused the union of ending discussions. The contract between the two parties expires at the end of this month. As for the major indexes, the Dow Jones Industrial Average slipped 0.4% to 34,288, the S&P 500 shed 0.2% to 4,446, and the Nasdaq Composite gave back 0.2% to 13,791. Story continues ETF popularity gained ground Q2 Interest in exchange-traded funds (ETFs) rose in the second quarter amid "a strong performance in the U.S. equity market and a risk-on investor mentality," says Aniket Ullal, head of ETF Data & Analytics at CFRA Research . Domestic equity ETFs, in particular, were popular over the three-month period, taking in $64 billion in net new inflows vs $2.5 billion in outflows in Q1. "The reversal in domestic equity ETF flows was sparked by the sharp rebound in U.S. equity performance in the first half of this year," Ullal says, with the recovery led by tech ETFs and growth ETFs – two strategies that "significantly underperformed" in 2022. Investors looking for the best ETFs to ride the risk-on rally have plenty of options at their disposal, including the best AI ETFs and the best Bitcoin ETFs . Cryptocurrencies were another area of the market that "received a significant boost this year after BlackRock filed for a spot bitcoin ETF," Ullal adds. Related Content Kiplinger's Weekly Earnings Calendar When Is the Next Fed Meeting? Spotlight on Jensen Global Quality Growth Fund... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies dipped in Thursday morning trading in Asia. While Bitcoin and Ether price volatility remains low, analysts suggest turbulence is on the horizon due to the upcoming decision on BlackRock’s Bitcoin ETF application and next year’s Bitcoin halving event. Conversely, Litecoin — which had its own halving event on Wednesday — posted the morning’s biggest drop among top 10 cryptos. The Forkast 500 NFT Index was down, while U.S. equity futures gained, partially recovering from a dip during regular trading on Wednesday. Anticipation building Bitcoin lost 0.12% in the last 24 hours to US$29,171.97 as of 6:45 a.m. in Hong Kong, according to data from CoinMarketCap. The world’s largest cryptocurrency briefly fell below the US$29,000 support line to a low of US$28,946.51 overnight. Ether also fell 0.35% to US$1,842.19 for a weekly loss of 1.50%. Bitcoin and Ether’s price volatility is at an unprecedented low, said Luuk Strijers, chief operating officer at Panama-based crypto derivatives exchange Deribit. “However, it’s important to note that the market anticipates a considerable upswing in volatility,” Strijers said. “This is largely driven by factors such as the upcoming ruling on the BlackRock spot ETF and the approaching Bitcoin Halvening.” In June, BlackRock — the world’s largest asset manager — filed an application to list a spot Bitcoin exchange-traded fund (ETF) for the U.S. market. The U.S. Securities and Exchange Commission (SEC) formally accepted the application for review on July 13. The regulator now has a maximum of 240 days to accept or reject it. Analysts at Bloomberg Intelligence this week upgraded their estimate for the chance the application would be approved from 50% to 65%, based on recent events including SEC chair Gary Gensler downplaying his role at the agency. Based on recent events and new information @ericbalchunas and I are officially increasing our spot #Bitcoin ETF approval odds to 65%. That's from 50% a couple weeks ago and 1% a few months ago. pic.twitter.com/VBLG8EYfoP — James Seyffart (@JSeyff) August 2, 2023 Earlier this week, six major U.S. asset managers including Grayscale and VanEck filed applications to launch ETFs for Ethereum futures. Story continues “Now we are once again seeing a flurry of applications for futures-based Ethereum ETFs, including an inverse “short” ETF from Proshares,” said Bradley Duke, founder and chief strategy officer at crypto exchange-traded product provider ETC Group. “There seems to be a growing acceptance at the SEC that crypto is an inevitable part of America’s investment landscape, and this is good news for crypto investors and service providers around the world,” Duke said. Meanwhile, Bitcoin’s next halving event is expected to take place in April 2024. The halving event will see the amount of new Bitcoin issued every 10 minutes cut in half from 6.25BTC to 3.125 BTC, increasing its scarcity. This is widely anticipated to produce a surge in the token’s price. However, professional market trader and finance author Peter Brandt predicted on Twitter last week that both the halving of Bitcoin and the “inevitable” approval of the BlackRock’s spot Bitcoin ETF in the U.S. will disappoint the optimists. “Over 48 years of speculation I have learned again and again that markets discount events before the events are events,” wrote Brandt. All other top 10 non-stablecoin cryptocurrencies by market capitalization were down. Litecoin led the losses, falling 6.44% to US$87.37 and is down 2.83% for the week. The Bitcoin-inspired cryptocurrency completed its halving event on Wednesday, which cut mining rewards in half for the token. Bloomberg reported that a Litecoin price drop followed its two prior halvenings. That is the opposite effect of Bitcoin halving events, which tend to produce a positive impact on price. Dogecoin also dipped 3.44% to US$0.07465 for a weekly decline of 4.35%. XRP also slipped 2.28% to US$0.6874, losing 4.16% in the past seven days as the shine comes off the recent ruling in favor of issuer Ripple in the case brought against it by the SEC. The total crypto market capitalization fell 0.26% in the past 24 hours to US$1.17 trillion, while trading volume rose 9.49% to US$40.52 billion. Time to shine for smaller NFT projects The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The Forkast 500 NFT index fell 0.61% in the past 24 hours to 2,490.35 as of 9:30 a.m. in Hong Kong. That drop contributed to a decline of 5.61% for the week and 9.56% for the month. Forkast’s Ethereum, Solana, Polygon and Cardano NFT market indexes all also logged losses. Total NFT trading volume fell 13.77% in the past 24 hours to US$17.86 million, according to data from CryptoSlam. Ethereum remained the top NFT network in terms of trade volume, but slipped 12.02% to US$12.20 million. Solana placed second in Cryptoslam’s blockchain ranking, gaining 24.80% to US$1.06 million. In terms of trade volume, NFT staple Bored Ape Yacht Club continued to top the collections chart as it rose 60.07% to US$1.23 million over the past 24 hours. Ethereum-based CryptoPunks ranked second in terms of sales volume. The collection added 2.54% to US$1.13 million, after Charleston-based digital artist Mike Winkelmann, better known as Beeple, announced the purchase of his first CryptoPunk on Thursday. appreciate all the kind words on this new lal' dude. thankful to have the opportunity to be a small part of this amazing community. this is the first PFP i have ever bought and it is a really long time coming. from the time i learned of NFTs this project has always stood out… pic.twitter.com/JAQarijzeK — beeple (@beeple) August 2, 2023 “He chose a fitting clown nose, joker eyes, mohawk punk, and when you see it you’ll probably agree — It screams “Beeple,”” wrote Yehudah Petscher, NFT strategist for Forkast Labs. “Coming in at over $200k, it’s a pricey flex, but well worth it to have a stake in the iconic NFT collection.” The DMarket and Gods Unchained Cards collections — which both provide in-game NFT items such as skins and other assets — ranked third and fourth in terms of sales volume. Petscher previously commented that sales of in-game assets of this kind are proving to be “bear market resistant,” staying in the top 5 ranking for an extended period. Polygon-based DraftKings NFT collection, from the sports betting entertainment platform of the same name, ranked ninth on Cryptoslam despite a 50.93% decline to US$394,603. The BNB chain-based PLAYNFT collection placed tenth, dipping 8.64% to US$221,070. PLAYNFT describes itself as a “cross-chain NFT utility platform” that connects NFT holders and creators to in-game content in blockchain-based games. “The market itself had a decent day in the green yesterday, with highest total sales since July 20th, but a decrease in sellers, buyers and total transactions from the prior few days,” wrote Petscher. “Lower volume on Ethereum gives projects on other chains a chance to shine, and that’s what we’re witnessing now with new projects entering the top 10 almost daily,” he added. U.S. equity futures mixed after Wednesday decline U.S. President Joe Biden \| Image: Getty Images The three major U.S. stock futures indexes were mixed as of 11:00 a.m. in Hong Kong following a considerable decline during regular trading on Wednesday. In Asia, the main stock indexes saw a second straight day of decline, with Japan’s Nikkei 225 falling by 1.42%. China’s Shanghai Composite, Hong Kong’s Hang Seng index and South Korea’s Kospi were all also down. Purchasing managers’ indexes in Japan and Hong Kong for July also declined below expectations. Hong Kong saw its private sector contract for the first time since December 2022. Global equity markets are showing the strain of the Fitch Ratings credit agency’s downgrade of the United States’ long term credit rating from AAA to to AA+. The decision, announced Tuesday, arrives after the U.S. debt ceiling standoff between Republican and Democratic lawmakers that threatened to derail global markets earlier in the year. U.S. Treasury Secretary Janet Yellen called Fitch’s credit downgrade “arbitrary and based on outdated data,” while White House officials released their own statement Tuesday saying they “strongly disagree” with the decision. “The ratings model used by Fitch declined under President Trump and then improved under President Biden,” said the White House statement. Elsewhere, Wednesday’s second quarter earnings reports from U.S. corporations were mixed. PayPal, Robinhood, Etsy and Qualcomm Technologies stocks slipped after posting disappointing quarterly results, while Ferrari, DoorDash, Tripadvisor and Unity Software announced positive earnings. Later on Thursday, U.S. heavyweights Apple and Amazon will announce their Q2 earnings. Meanwhile, the Federal Reserve — on summer recess in August — next meets to discuss interest rates on Sep. 19 and 20. After a 25 basis point hike in July, rates now stand between 5.25% to 5.50%, the highest since January 2001. In a Tuesday report , Bloomberg’s chief U.S. economist Anna Wong said that the Fed will likely hold rates steady at the September meeting. She said that softer wage growth and personal consumption data point to progress on disinflation. The CME FedWatch Tool predicts an 82% chance that the Fed will leave the interest rate unchanged at the next meeting. It predicts an 18% chance of another 25-basis-point hike. (Updates to add equities section)", 'Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies dipped in Thursday morning trading in Asia. While Bitcoin and Ether price volatility remains low, analysts suggest turbulence is on the horizon due to the upcoming decision on BlackRock’s Bitcoin ETF application and next year’s Bitcoin halving event. Conversely, Litecoin — which had i Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $566,139,790,350 - Hash Rate: 392789429.7925176 - Transaction Count: 476007.0 - Unique Addresses: 716303.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: In this piece, we will take a look at Jim Rogers's latest predictions and investments. If you want to see more predictions and investments in this selection, check out Jim Rogers's 5 Latest Predictions and Investments . The stock market has been on an impressive run, depicted by the Nasdaq and the S&P 500 posting double-digit gains and recouping all the losses accrued last year. The remarkable run comes after the market suffered a bear run in 2022 fueled by inflationary pressures, deteriorating economic conditions, and Federal Reserve's aggressive push to hike interest rates. According to legendary investor Jim Rogers who co-founded Quantum Fund with George Soros , investors should be extremely cautious as the next downturn could be more painful. While the market appears to be in a bull run, everything always comes to an end, as equities cannot move up forever. The fact that the current bull run appears to be fueled by a small clique of tech giants, including Meta Platforms, Inc. (NASDAQ: META ), Alphabet Inc. (NASDAQ: GOOGL ), NVIDIA Corporation (NASDAQ: NVDA ), Apple Inc. (NASDAQ: AAPL ), Amazon.com, Inc. (NASDAQ: AMZN ), and Microsoft Corporation (NASDAQ: MSFT ), also raises serious concerns about the sustainability of the bull run. One of the factors likely to trigger a correction into the bear territory is the extreme debt levels. According to the legendary investor, too much debt does not bode well with investors. "[In] 2008, we had a bear market because of too much debt," he said. "Look out the window since 2008, debt everywhere has skyrocketed,” said Rogers in an interview with real Vision While not as popular as George Soros, Jim Rogers rose to prominence as he helped steer Quantum Fund into generating 4,200% returns between 1973 and 1980 outperforming S&P 500's 47% gains. He retired at the age of 37 after making so much money that he would never need to work again. After parting ways with Soros in 1980 , Rogers spent most of his time travelling on a motorcycle around the world covering over 160,000 km over six contents. Story continues After retiring with abundant wealth, he pursued diverse interests, becoming an educator, traveling the world, and authoring several best-selling books. Rogers' investment approach involves focusing on specific countries, commodities, or themes he believes hold profit potential. While his current holdings are not publicly disclosed, he has expressed caution in buying new assets and has mentioned owning commodities, particularly gold and silver. Jim Roger’s net worth is believed to stand at about $300 million. He has been investing privately since leaving Quantum Fund in 1980 but does not disclose his holdings. Despite being out of the limelight for many years his experience and insights about the markets is always looked upon. Jim Rogers, often dubbed the Indiana Jones of the investing world, has a penchant for globetrotting in search of cost-effective investment opportunities. Rogers, now living in Singapore with his family, made it clear that he was not buying anything as he expects bad times at the start of the year. According to the legendary investor, the next bear market will be the worst in the lifetime, exacerbated by debt that has increased too much over the past 15 years. The remarks draw up parrels to the economic conditions leading up to the devastating 2009 financial crisis. Jim Rogers's Latest Predictions and Investments To support the predictions, the 80-year-old investors draw parallels from the inflationary crisis of 1980. Following that crisis, policymakers pursued a vigorous tightening of monetary policy, implementing substantial interest rate hikes, raising them to 21%, and pushing treasury yields to astronomical levels in an effort to counter high inflation. The outcome was the United States economy being thrust into a recession, causing significant turmoil in the stock market. With the scenario unfolding in today’s financial markets, investors ought to be extremely cautious even as the market appears to be in a strong uptrend. Rogers is already predicting trouble across all the markets, from property to stocks to bonds and currencies. Jim Rogers' warning of a bear market cannot be taken lightly, given his experience in leveraging market volatility as his advantage. In partnership with George Soros, he founded Quantum Funds in 1973 and navigated the fund through multiple market downturns and economic crises. Our Methodology Rogers believes it is high time investors and individuals remain vigilant and assess the risk exposure. The high debt levels and resemblance to previous crises should always be a stark reminder that market conditions can deteriorate instantly. Likewise, we have compiled Rogers biggest predictions and investment ideas from multiple sources. 10. Biggest Bear Market Run of a lifetime Prediction: June 2022 Best known for his contrarian investment strategy that emphasizes long-term trends, Rogers believes the world is staring at the ferocious bear run of a lifetime. In June of 2022 Rogers made that claim that the prevailing economic conditions resembled the period leading to the great financial crisis of 2008. Unlike in the past crisis, the current situation is exacerbated by extreme debt levels following the massive stimulus packages at the height of the COVID-19 pandemic. The debt levels have already fueled a stubborn inflationary pressure that refuses to go away. With the FED insisting on hiking interest rates until inflation tanks below 2%, it spells more doom for an economy trying to bounce back from the COVID-19-fueled slowdown. “Since 2008, the debt everywhere has skyrocketed. Gigantic increases in debt … So, I think it’s a simple statement that the next bear market will be the worst in my lifetime. Because the debt has gone up by such staggering amounts in the past 14 years,” Jim Rogers said in a statement. 9. Governments Exacerbate Crypto Risks Prediction: August 2022 According to the legendary investor, the biggest risk to cryptocurrencies is the government. The government wants to control everything, so they will always do everything within its power to ensure cryptocurrencies don’t succeed. In August of 2022, Rogers reiterated that he will not invest in crypto even though his wife was a big fan and had invested in then. “If and when all our money is on our computer, it’s going to be government money,” he said in a recent interview with Bloomberg Crypto. “That’s not the way bureaucrats think. That’s not the way politicians think. They want control. They want to regulate everything.” Rogers does not expect the world to convert to Bitcoin or adopt cryptocurrencies as it has been touted in many circles. Even though digital assets live in the computer, it will always be government computer money, given the kind of regulations always in play. The remarks echo the stringent regulatory scrutiny that has seen many governments try to curtail the mining and trading of cryptocurrencies. China has been at the forefront of regulations significantly hurting cryptos' sentiments and prospects. Likewise, the governments have sought to foster the development of central bank-powered decentralized cryptocurrencies that they will always be in a position to control, unlike normal cryptocurrencies. 8. Inflation Will Persist for Long Prediction: September 2022 The US Federal Reserve has hiked interest rates at the fastest pace to highs of 5.5%. In the process, they have succeeded in pushing inflation from four-decade highs of 9.2% to about 3%. In September if last year Rogers reiterated inflationary pressures are far from over, even as the FED embarked on aggressive monetary tightening. According to Rogers inflation problem will only go away partially because governments have printed so much money in recent years. Therefore, even if it has come down significantly, it still needs to be finished. The legendary investor has warned that a move by the central banks to hike interest rates in the race to address the inflation problem could end up being catastrophic. For starters, it could be the trigger that will end up tipping the economy into recession. 7. Recession is Inevitable and going to be Bad Prediction: October 2022 Due to the high inflation environment, the economy will not avoid recession, according to Jim Rogers. The fact that it has been the longest time in history that the US has struggled with serious problems heightens the prospect of the economy plunging into recession. While the recession might have already started, according to Rogers, it’s not been bad because there have been some good things along the way. However, things are likely to turn out for the worst as debt has gone up so much over the past 15 years. 6. Agriculture Key to Fighting Inflation and Recession Prediction: October 2022 While the focus has been on emerging technologies such as artificial intelligence, blockchain, and cryptocurrencies, Rogers insists that agriculture will always be key. While agriculture might not seem as exciting as revolutionary technologies, it will always be an essential part of the economy and society. Therefore, Rogers believes agriculture is yet to gain the traction it deserves in the global economy, therefore, providing interesting and significant investment opportunities. "Agriculture has been a disaster for years," he said . "And usually, if you buy a disaster, things turn out OK." Given the consistent demand for food, even on soaring inflation or recession, agriculture will always provide opportunities for growth and diversification of investment portfolios. In addition, rogers believe investors should always pay close watch to housing since food and shelter are part of basic human needs. Click to continue reading and see Jim Rogers's 5 Latest Predictions and Investments . Suggested articles: 10 Best Rated Penny Stocks to Buy According to Analysts Billionaire Jeff Vinik's Stock Picks and 10-Year Performance 10 Stock Market Forecasts Nex... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Bloomberg) -- Asian regulators have stolen a march on the US by clarifying crypto rules, exemplified by Hong Kong’s first licenses for trading platforms under the city’s new digital-asset framework.\nMost Read from Bloomberg\n• US Bank Shares Drop as Moody’s Cuts Ratings, Warns on Risks\n• Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion\n• Musk Says He May Need Surgery, Will Get MRI on Back and Neck\n• The Global South Breaks Away From the US-Led World Order\n• WeWork Tumbles After Raising ‘Substantial Doubt’ About Future\nHong Kong opened up to mass-market trading following confirmation Thursday that HashKey Exchange and OSL had won permits that legalize the retail trading of tokens, part of the city’s push to become a global hub for virtual assets.\nHong Kong implemented its mandatory crypto framework in June, the same month that Japan’s stablecoin law became operative and South Korea approved its first standalone digital-asset bill. Indonesia is starting up a government-backed crypto exchange to underpin the sector there.\nThe region’s officials are seeking to learn the lessons of last year’s $1.5 trillion digital-asset rout and a spate of global bankruptcies, like the wipeout of the FTX exchange, to create frameworks that protect investors while remaining attractive to firms — a challenging balancing act.\n“There may be short-term pain as the industry grapples with this leveling up,” said Angela Ang, senior policy adviser at blockchain intelligence firm TRM Labs and a former regulator at the Monetary Authority of Singapore. “But we could see long-term gains in the form of a well-governed, productive crypto ecosystem in Asia, if the industry invests in risk management and works with regulators to define fit-for-purpose crypto rules.”\nThe US, meanwhile, is mired in a crypto fog amid dueling court judgments, a turf war between regulatory agencies and disputes about proposed laws. Other jurisdictions, like the European Union and Dubai, have also detailed crypto rulebooks. The elephant in the room is China, which has banned crypto but where there are mounting signs of citizens flouting the prohibition.\nHere’s a look at digital-asset rules in key Asian jurisdictions:\nHong Kong\nLicensed crypto exchanges in Hong Kong can offer trading to individuals and institutions but retail investors are restricted to larger coins like Bitcoin and Ether. The framework stresses the need for adequate risk assessment, insurance cover and asset custody. Virtual-asset companies have given the rulebook a guarded welcome but have yet to commit major investment.\nThe government has allowed exchange-traded funds investing in CME Group Bitcoin and Ether futures, and sold its inaugural digital green bonds, which use digital ledgers to make the settlement and coupon payment process faster. A mandatory licensing regime for stablecoins — a type of crypto token that’s meant to hold a constant value — is due by 2023-2024.\nRead more: Hong Kong Opens to Retail Crypto Trading With New Licenses\nJapan\nJapan expanded its digital-asset rulebook when its stablecoin law — one of the first among major economies — went into effect mid-year. Soon after, Mitsubishi UFJ Financial Group Inc. said it’s in discussions with multiple parties about using its blockchain platform, Progmat, to issue stablecoins tied to foreign currencies — including the US dollar — for use globally.\nPrime Minister Fumio Kishida’s economic agenda includes support for the growth of so-called web3 firms. The term “web3” refers to a vision of a decentralized internet built around blockchains, crypto’s underlying technology. Japan has moved toward easing some crypto rules, such as on token listing and taxation, but overall is viewed as having strict regulations.\nRead more: Japan’s Biggest Bank MUFG in Talks to Issue Global Stablecoins\nSouth Korea\nSouth Korea approved its first standalone digital-asset bill just over a year after the implosion of tokens created by countryman Do Kwon exacerbated a crypto-market rout. The code defines virtual assets and imposes penalties for transgressions such as the use of nonpublic information, market manipulation and unfair trading practices.\nThe legislation gives the Financial Services Commission the power to oversee crypto operators as well as asset custodians. The Bank of Korea would also be able to probe such platforms. The act requires insurance coverage, reserve funds and necessary record keeping. The rules cover assets such as Bitcoin, while existing capital-markets law applies to tokens deemed securities.\nRead more: South Korea Passes Inaugural Crypto Bill After Spate of Scandals\nSingapore\nThe city-state’s goal is to develop a hub for productive uses of blockchain, such as tokenizing real-world assets that are currently hard to trade. At the same time, officials are curbing retail-investor participation in crypto-related trading and investments given the history of high volatility in digital assets.\nIn July, Singapore said it will require crypto exchanges to keep customer assets in a trust before the end of the year. The nation will also push ahead with a proposal to ban lending and staking for retail investors. Staking is the process of pledging coins to help operate a blockchain in return for rewards.\nRead more: Singapore Tells Crypto Platforms to Keep Client Money in a Trust\nAustralia\nAustralia has indicated it plans a consultation on licensing and custody requirements for cryptoasset service providers that will begin in coming weeks. That development came after an opposition lawmaker introduced a private bill to regulate the digital-asset industry. Meanwhile, the nation’s big banks have curbed access to crypto platforms due to risks from scams.\nRead more: Australia’s NAB Blocks Some Payments to Riskier Crypto Exchanges\nIndonesia\nIndonesia is drawing on the structure of the stock market to revamp crypto trading and mitigate the risks exposed by the collapse of FTX. A key plank of the plan, a state-backed crypto bourse where private-sector platforms will execute trades, is due to become operational in August. The blueprint resembles the way stock markets work by separating trading, clearing and custody under official oversight.\nRead more: FTX Mess Spurs Indonesia to Revamp Crypto With National Exchange\nMost Read from Bloomberg Businessweek\n• Teen Gamers Swiped $24 Million in Crypto, Then Turned on Each Other\n• A Digital Dollar Is for Banks and Governments, But Not You\n• Private Credit Funds Move From Mergers to Timeshares and Car Loans\n• Honoring the Enslaved Man Who Made Jack Daniel’s First Whiskey\n• China’s Reluctance on Stimulus Will Cap 2023 Growth\n©2023 Bloomberg L.P.', '(Bloomberg) -- Asian regulators have stolen a march on the US by clarifying crypto rules, exemplified by Hong Kong’s first licenses for trading platforms under the city’s new digital-asset framework. Most Read from Bloomberg US Bank Shares Drop as Moody’s Cuts Ratings, Warns on Risks Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion Musk Says He May Need Surgery, Will Get MRI on Back and Neck The Global South Breaks Away From the US-Led World Order WeWork Tumbles After Raising ‘Substantial Doubt’ About Future Hong Kong opened up to mass-market trading following confirmation Thursday that HashKey Exchange and OSL had won permits that legalize the retail trading of tokens, part of the city’s push to become a global hub for virtual assets. Hong Kong implemented its mandatory crypto framework in June, the same month that Japan’s stablecoin law became operative and South Korea approved its first standalone digital-asset bill. Indonesia is starting up a government-backed crypto exchange to underpin the sector there. The region’s officials are seeking to learn the lessons of last year’s $1.5 trillion digital-asset rout and a spate of global bankruptcies, like the wipeout of the FTX exchange, to create frameworks that protect investors while remaining attractive to firms — a challenging balancing act. “There may be short-term pain as the industry grapples with this leveling up,” said Angela Ang, senior policy adviser at blockchain intelligence firm TRM Labs and a former regulator at the Monetary Authority of Singapore. “But we could see long-term gains in the form of a well-governed, productive crypto ecosystem in Asia, if the industry invests in risk management and works with regulators to define fit-for-purpose crypto rules.” The US, meanwhile, is mired in a crypto fog amid dueling court judgments, a turf war between regulatory agencies and disputes about proposed laws. Other jurisdictions, like the European Union and Dubai, have also detailed crypto rulebooks. The elephant in the room is China, which has banned crypto but where there are mounting signs of citizens flouting the prohibition. Here’s a look at digital-asset rules in key Asian jurisdictions: Hong Kong Licensed crypto exchanges in Hong Kong can offer trading to individuals and institutions but retail investors are restricted to larger coins like Bitcoin and Ether. The framework stresses the need for adequate risk assessment, insurance cover and asset custody. Virtual-asset companies have given the rulebook a guarded welcome but have yet to commit major investment. Story continues The government has allowed exchange-traded funds investing in CME Group Bitcoin and Ether futures, and sold its inaugural digital green bonds, which use digital ledgers to make the settlement and coupon payment process faster. A mandatory licensing regime for stablecoins — a type of crypto token that’s meant to hold a constant value — is due by 2023-2024. Read more: Hong Kong Opens to Retail Crypto Trading With New Licenses Japan Japan expanded its digital-asset rulebook when its stablecoin law — one of the first among major economies — went into effect mid-year. Soon after, Mitsubishi UFJ Financial Group Inc. said it’s in discussions with multiple parties about using its blockchain platform, Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $568,048,599,525 - Hash Rate: 314751794.7344015 - Transaction Count: 318486.0 - Unique Addresses: 641787.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin Cash (BCH) has surged by 36.5% in the past three-days after EDX, theexchange backed by Fidelity, Schwab and Citadel, listed the token alongside bitcoin (BTC), ether (ETH) and litecoin (LTC). In the past 24-hours it has increased by more than 10% to $143, its highest level since February, according toCoinDesk data. Open interest, a metric used to assess the nominal value of open trades on a specific asset, has risen by 77% to a nine-month high $135 million according toCoinalyze data. The rise in open interest suggests a shift in positive sentiment with hopes that the asset can experience institutional adoption after being listed on EDX. Bitcoin Cash was issued in July 2017 after it forked the original Bitcoin's blockchain. It made a record high of $2,947 during the peak of the 2017 bull market. However, despite early optimism, adoption of Bitcoin Cash as a payments network has paled into insignificance compared to its sibling. Over the past seven days, the total amount of transactions on the Bitcoin Cash network worth more than $100,000 is at$129 million. Bitcoin, meanwhile, has facilitated $75 billion in transactions during the same period, according toIntoTheBlock data.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["• US stocks finished lower after reversing earlier gains as Apple dragged down indexes.\n• Apple stock tumbled 4.8% as quarterly revenue continued to drop.\n• The monthly jobs report came in at 187,000, slightly under expectations for July.\nUS stocks finished lower on Friday after giving up earlier gains, while capping off a weekly loss for the markets.\nApple stocktumbled by 4.8% after reporting quarterly revenue declined again. Meanwhile,Amazonjumped 9% as earnings beat forecasts.\nElsewhere, the Labor Department's jobs report for July showed payrolls expanded by 187,000, below estimates. But wages grew faster than expected, potentially adding pressure on the Federal Reserve to stay hawkish.\nFor the week, the Dow lost 1%, the S&P 500 fell 2.3%, and the Nasdaq dropped 2.8%.\nHere's where US indexes stood at the 4:00 pm ET closing bell on Friday:\n• S&P 500: 4,478.03, down 0.53%\n• Dow Jones Industrial Average: 35,065.62, down 0.43% (150.27 points)\n• Nasdaq Composite: 13,909.24, down 0.36%\nHere's what else is happening:\n• Ukraine'sattack on a Russian naval vesselhalted commodity shipments from a key Black Sea port.\n• Alphabet sold90% of its stake in Robinhood last quarteras the trading platform loses active users.\n• The US debt-to-GDP ratiocould reach 181% by 2053, leading to disaster, a new research report said.\n• Carl Icahn's firm plummeted30% after halving paymentsto shareholders.\n• Mortgage payments are19% more expensive than last year, Redfin reported.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil climbed 1% to $82.72 per barrel.Brent crude, oil's international benchmark, gained 0.71% to $86.12.\n• Goldfell 0.05% to $1,941.14 per ounce.\n• The yield on the10-year Treasurysank 14.5 basis points to 4.04%.\n• Bitcoinslipped 0.64% to $29,239.9.\nRead the original article onBusiness Insider", "Spencer Platt/Getty Images US stocks finished lower after reversing earlier gains as Apple dragged down indexes. Apple stock tumbled 4.8% as quarterly revenue continued to drop. The monthly jobs report came in at 187,000, slightly under expectations for July. US stocks finished lower on Friday after giving up earlier gains, while capping off a weekly loss for the markets. Apple stock tumbled by 4.8% after reporting quarterly revenue declined again. Meanwhile, Amazon jumped 9% as earnings beat forecasts. Elsewhere, the Labor Department's jobs report for July showed payrolls expanded by 187,000, below estimates. But wages grew faster than expected, potentially adding pressure on the Federal Reserve to stay hawkish. For the week, the Dow lost 1%, the S&P 500 fell 2.3%, and the Nasdaq dropped 2.8%. Here's where US indexes stood at the 4:00 pm ET closing bell on Friday: S&P 500 : 4,478.03, down 0.53% Dow Jones Industrial Average : 35,065.62, down 0.43% (150.27 points) Nasdaq Composite : 13,909.24, down 0.36% Here's what else is happening: Ukraine's attack on a Russian naval vessel halted commodity shipments from a key Black Sea port. Alphabet sold 90% of its stake in Robinhood last quarter as the trading platform loses active users. The US debt-to-GDP ratio could reach 181% by 2053 , leading to disaster, a new research report said. Carl Icahn's firm plummeted 30% after halving payments to shareholders. Mortgage payments are 19% more expensive than last year , Redfin reported. In commodities, bonds and crypto: West Texas Intermediate crude oil climbed 1% to $82.72 per barrel. Brent crude , oil's international benchmark, gained 0.71% to $86.12. Gold fell 0.05% to $1,941.14 per ounce. The yield on the 10-year Treasury sank 14.5 basis points to 4.04%. Bitcoin slipped 0.64% to $29,239.9. Read the original article on Business Insider", 'Bitcoin\'s 30-year volatility is close to a five-year low, per Bloomberg. Marco Bello/Getty Images The price of Bitcoin is as stable as it\'s been for five years, according to one gauge. That\'s largely because nobody is trading the token anymore. Investors fled crypto after a nightmarish 2022 – and bitcoin\'s still way below its $69,000 record. Bitcoin is finally behaving like gold –\xa0because interest in cryptocurrencies has dried up over the past year. A gauge that measures the token\'s 30-day volatility is trading close to a five-year low, according to a recent report by Bloomberg citing data from digital assets research firm K33 . That means bitcoin is steadier than the S&P 500 benchmark of US-listed stocks, the tech-heavy Nasdaq Composite , and even gold. However, trading volume for bitcoin has also faded to its lowest level since November 2020, per K33. The data reflects the sad reality for digital-asset evangelists. Institutional and retail investors alike turned away from the sector over what was a nightmarish 2022, when rapidly rising interest rates and the spectacular collapse of high-profile companies such as FTX cratered bitcoin\'s price. And while other riskier assets like stocks have rebounded this year, bitcoin still trades at under $30,000 – more than 50% below the peak of almost $69,000 in November 2021. It briefly rallied after the world\'s largest asset manager, BlackRock, said it wanted to launch a spot ETF tracking the token\'s price, but has seen that run fizzle out in recent weeks. Bitcoin\'s newfound sturdiness is a cruel twist on bulls\' long-held belief that it could one day become a form of " digital gold " – crypto\'s version of a "safe haven" that investors turn to in times of trouble. To an extent, their vision for a low-volatility asset has now come to life\xa0 –\xa0but only because nobody really cares about crypto anymore. Read the original article on Business Insider', '• The price of Bitcoin is as stable as it\'s been for five years, according to one gauge.\n• That\'s largely because nobody is trading the token anymore.\n• Investors fled crypto after a nightmarish 2022 – and bitcoin\'s still way below its $69,000 record.\nBitcoinis finally behaving likegold–\xa0because interest in cryptocurrencies has dried up over the past year.\nA gauge that measures the token\'s 30-day volatility is trading close to a five-year low, according to a recent report byBloombergciting data from digital assets research firmK33.\nThat means bitcoin is steadier than theS&P 500benchmark of US-listed stocks, the tech-heavyNasdaq Composite, and even gold.\nHowever, trading volume for bitcoin has also faded to its lowest level since November 2020, per K33.\nThe data reflects the sad reality for digital-asset evangelists.\nInstitutional and retail investors alike turned away from the sector over what was a nightmarish 2022, when rapidly rising interest rates andthe spectacular collapse of high-profile companies such as FTXcratered bitcoin\'s price.\nAnd while other riskier assets like stocks have rebounded this year, bitcoin still trades at under $30,000 – more than 50% below the peak of almost $69,000 in November 2021.\nItbriefly ralliedafter the world\'s largest asset manager, BlackRock, said it wanted to launch a spot ETF tracking the token\'s price, but has seen that run fizzle out in recent weeks.\nBitcoin\'s newfound sturdiness is a cruel twist on bulls\' long-held belief that it could one day become a form of "digital gold" – crypto\'s version of a "safe haven" that investors turn to in times of trouble.\nTo an extent, their vision for a low-volatility asset has now come to life\xa0 –\xa0but only because nobody really cares about crypto anymore.\nRead the original article onBusiness Insider', '• The price of Bitcoin is as stable as it\'s been for five years, according to one gauge.\n• That\'s largely because nobody is trading the token anymore.\n• Investors fled crypto after a nightmarish 2022 – and bitcoin\'s still way below its $69,000 record.\nBitcoinis finally behaving likegold–\xa0because interest in cryptocurrencies has dried up over the past year.\nA gauge that measures the token\'s 30-day volatility is trading close to a five-year low, according to a recent report byBloombergciting data from digital assets research firmK33.\nThat means bitcoin is steadier than theS&P 500benchmark of US-listed stocks, the tech-heavyNasdaq Composite, and even gold.\nHowever, trading volume for bitcoin has also faded to its lowest level since November 2020, per K33.\nThe data reflects the sad reality for digital-asset evangelists.\nInstitutional and retail investors alike turned away from the sector over what was a nightmarish 2022, when rapidly rising interest rates andthe spectacular collapse of high-profile companies such as FTXcratered bitcoin\'s price.\nAnd while other riskier assets like stocks have rebounded this year, bitcoin still trades at under $30,000 – more than 50% below the peak of almost $69,000 in November 2021.\nItbriefly ralliedafter the world\'s largest asset manager, BlackRock, said it wanted to launch a spot ETF tracking the token\'s price, but has seen that run fizzle out in recent weeks.\nBitcoin\'s newfound sturdiness is a cruel twist on bulls\' long-held belief that it could one day become a form of "digital gold" – crypto\'s version of a "safe haven" that investors turn to in times of trouble.\nTo an extent, their vision for a low-volatility asset has now come to life\xa0 –\xa0but only because nobody really cares about crypto anymore.\nRead the original article onBusiness Insider', "Block, Inc. (NYSE: SQ ) Q2 2023 Earnings Call Transcript August 3, 2023 Block, Inc. beats earnings expectations. Reported EPS is $0.39, expectations were $0.35. Operator: Good day, ladies and gentlemen, and welcome to the Block Second Quarter 2023 Earnings Conference Call. I would now like to turn the call over to your host, Nikhil Dixit, Head of Investor Relations. Please go ahead. Nikhil Dixit: Hi, everyone. Thanks for joining our second quarter 2023 earnings call. We have Jack and Amrita with us today. We will begin this call with some short remarks before opening the call directly to your questions. During Q&A, we will take questions from our customer Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $565,250,840,700 - Hash Rate: 400593193.2983291 - Transaction Count: 500723.0 - Unique Addresses: 729623.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: ProShares and Bitwise have filed an application with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) focused on bitcoin (BTC) and ether (ETH). According to ProShares' filing , the Bitcoin and Ether Equal Weight ETF will measure "the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts." Bitwise also filed for a Bitcoin and Ether Market Weight ETF . In recent months, excitement has mounted over the possibility a spot bitcoin exchange-traded fund could soon be approved. At present, the U.S. only allows for investment in bitcoin futures ETFs , which are backed by bitcoin derivatives. The latest filing adds to ProShares' roster of crypto-related funds, which include a bitcoin futures ETF. In December, the group filed an application with the SEC for an ETF focused on the metaverse. UPDATE (Aug 4, 04:40 UTC) : Adds Bitwise details to story and headline.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['After years of rampant speculation and frantic tea-leaf reading by cryptocurrency fans—and Dogecoin fans in particular—tech billionaire Elon Musk coldly put to rest any prospects of Twitter (or X) launching its own crypto token. The news came not in a formal announcement, or even a Twitter post, but in a reply to another user. "Elon Musk and 𝕏 never launched a crypto token," warned user @DogeDesigner —who has 240,000 followers and several past interactions with both Musk and now-CEO of X Linda Yaccarino. The tweet included an image of news article headlines falsely claiming that it had. Musk replied with a stern one-liner : “And we never will.” Twitter\'s \'X\' Rebrand: All the Things Elon Musk Has Planned for the \'Everything App\' Despite this clear-cut rejection of a Twitter-led cryptocurrency—coming in the middle of a major rebranding effort—it is not an outright denouncement of cryptocurrency support or related features in a future X " everything app ." And Musk\'s previous history with digital assets might also leave room for doubt. Elon is well known for his fanaticism for Dogecoin ( DOGE ), a memecoin that was spawned as a joke for the crypto community to stop taking itself so seriously. The self-proclaimed “Dogefather” drew widespread attention last year when he bought Twitter for $44 billion, and not long after, swapped the iconic blue-bird logo for an image of the Shiba Inu dog that characterizes Dogecoin–causing the token to soar by 20% and the billionaire to earn himself a $258 billion lawsuit for alleged insider trading and racketeering. Dogecoin Surges 9% After Cryptic Elon Musk Tweets Link DOGE and X Indeed, he has sent the crypto community plenty of mixed signals over the years. In 2021, Doge developers exclusively told Decrypt they were working with Musk for years to make a cheaper, greener alternative to Bitcoin. And earlier this year, news surfaced that the company was working on a product that would supportive of crypto payments—although there wasn’t much information on which token would be used. While crypto fanatics can probably rule out a TwitterCoin or XCoin for now, the door is still not fully closed to cryptocurrency in Musk\'s next act. View comments', 'After years of rampant speculation and frantic tea-leaf reading by cryptocurrency fans—and Dogecoin fans in particular—tech billionaireElon Muskcoldly put to rest any prospects of Twitter (or X) launching its own crypto token.\nThe news came not in a formal announcement, or even a Twitter post, but in a reply to another user.\n"Elon Musk and 𝕏 never launched a crypto token," warned user@DogeDesigner—who has240,000 followers andseveral past interactionswith both Musk andnow-CEOof X Linda Yaccarino.The tweetincluded animageof news article headlines falsely claiming that it had.\nMusk replied with astern one-liner: “And we never will.”\nTwitter\'s \'X\' Rebrand: All the Things Elon Musk Has Planned for the \'Everything App\'\nDespite this clear-cut rejection of a Twitter-led cryptocurrency—coming in the middle of amajorrebranding effort—it is not an outright denouncement of cryptocurrency support or related features in a future X "everything app." And Musk\'s previous history with digital assets might also leave room for doubt.\nElon is well known for his fanaticism for Dogecoin (DOGE), a memecoin that was spawned as a joke for the crypto community to stop taking itself so seriously.\nThe self-proclaimed “Dogefather” drew widespread attention last year when hebought Twitterfor $44 billion, and not long after, swapped the iconic blue-bird logo for an image of the Shiba Inu dog that characterizes Dogecoin–causing the token to soar by 20% and the billionaire to earn himself a$258 billion lawsuitfor alleged insider trading and racketeering.\nDogecoin Surges 9% After Cryptic Elon Musk Tweets Link DOGE and X\nIndeed, he has sent the crypto community plenty ofmixedsignals over the years.\nIn 2021, Doge developers exclusivelytoldDecryptthey were working with Musk for years to make a cheaper, greener alternative to Bitcoin. And earlier this year, news surfaced that the company was working on a product that would supportive of crypto payments—although there wasn’t much information on which token would be used.\nWhile crypto fanatics can probably rule out a TwitterCoin or XCoin for now, the door is still not fully closed to cryptocurrency in Musk\'s next act.', "Bangkok, Thailand--(Newsfile Corp. - August 5, 2023) - RXT Token, a prominent issuer in the cryptocurrency industry, announces the successful conclusion of the first session of its world tour for the preparation of the mega project, Bitcoinland Malaysia. The event took place in Bangkok, Thailand.\nFigure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_001full.jpg\nSaturday night at Pullman King Power Bangkok, the RXT Team and BitcoinMan exchanged crypto knowledge with the Thai Crypto Community.\nFigure 2To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_002full.jpg\nFigure 3To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_003full.jpg\nThe purpose of this event was to introduce RXT's mega project property in Malaysia, known as Bitcoinland, to various key opinion leaders (KOLs) in Thailand. Additionally, RXT took the opportunity to unveil an upcoming web-based game that enables players to earn through gameplay.\nThailand, recognized as a thriving crypto hub in Southeast Asia, provided the ideal backdrop for this meeting. Its robust infrastructure supports numerous crypto communities and has attracted several world-class exchanges to relocate their operations to the country.\nRXT values the opportunity to expand its network and connect with the vibrant Thai crypto community. This event served as a significant milestone in strengthening RXT's presence in the region.\nAdditionally, RXT took the opportunity to inform the entire Thai crypto community that it will soon be releasing a web-based Play-to-Earn game,https://Metaverse.RXT.World.\nJohn [email protected] Digital LLCGeorgia - Tiblisi\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/176121", "Bangkok, Thailand--(Newsfile Corp. - August 5, 2023) - RXT Token, a prominent issuer in the cryptocurrency industry, announces the successful conclusion of the first session of its world tour for the preparation of the mega project, Bitcoinland Malaysia. The event took place in Bangkok, Thailand. Figure 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_001full.jpg Saturday night at Pullman King Power Bangkok, the RXT Team and BitcoinMan exchanged crypto knowledge with the Thai Crypto Community. Figure 2 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_002full.jpg Figure 3 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_003full.jpg The purpose of this event was to introduce RXT's mega project property in Malaysia, known as Bitcoinland, to various key opinion leaders (KOLs) in Thailand. Additionally, RXT took the opportunity to unveil an upcoming web-based game that enables players to earn through gameplay. Thailand, recognized as a thriving crypto hub in Southeast Asia, provided the ideal backdrop for this meeting. Its robust infrastructure supports numerous crypto communities and has attracted several world-class exchanges to relocate their operations to the country. RXT values the opportunity to expand its network and connect with the vibrant Thai crypto community. This event served as a significant milestone in strengthening RXT's presence in the region. Additionally, RXT took the opportunity to inform the entire Thai crypto community that it will soon be releasing a web-based Play-to-Earn game, https://Metaverse.RXT.World . John Henderson [email protected] Rimaunangis Digital LLC Georgia - Tiblisi To view the source version of this press release, please visit https://www.newsfilecorp.com/release/176121", "Bangkok, Thailand--(Newsfile Corp. - August 5, 2023) - RXT Token, a prominent issuer in the cryptocurrency industry, announces the successful conclusion of the first session of its world tour for the preparation of the mega project, Bitcoinland Malaysia. The event took place in Bangkok, Thailand.\nFigure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_001full.jpg\nSaturday night at Pullman King Power Bangkok, the RXT Team and BitcoinMan exchanged crypto knowledge with the Thai Crypto Community.\nFigure 2To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_002full.jpg\nFigure 3To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_003full.jpg\nThe purpose of this event was to introduce RXT's mega project property in Malaysia, known as Bitcoinland, to various key opinion leaders (KOLs) in Thailand. Additionally, RXT took the opportunity to unveil an upcoming web-based game that enables players to earn through gameplay.\nThailand, recognized as a thriving crypto hub in Southeast Asia, provided the ideal backdrop for this meeting. Its robust infrastructure supports numerous crypto communities and has attracted several world-class exchanges to relocate their operations to the country.\nRXT values the opportunity to expand its network and connect with the vibrant Thai crypto community. This event served as a significant milestone in strengthening RXT's presence in the region.\nAdditionally, RXT took the op Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $565,467,494,500 - Hash Rate: 426605738.3177011 - Transaction Count: 607275.0 - Unique Addresses: 771973.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: He's doing it again. On Wednesday, Elon Musk tweeted something dumb about cartoon dog Scooby-Doo with the caption "Doges ftw"—the latest in his periodic efforts to get the meme coin Dogecoin trending, and goose its value in the process. His Scooby tweet did the trick as the price of Dogecoin brieflyspiked3% in 15 minutes, adding around $320 million in market cap. We've seen this dynamic play out again and again—most famously after Musk talked up the Shiba Inu-themed token onSaturday Night Live—but it's still not clear why he's doing it. One explanation is that it's an easy way to make money since he owns a bag of Doge. If you're Musk, it's really simple: Tweet about the token, watch the price jump, and then reap some profits before doing it again a few months later. Bloomberg's Matt Levine explored Musk's motives in acolumnlast month: "I assumed that Musk wasnotdoing this obvious trade. He was certainly tweeting about Dogecoin, and he had certainly bought some Dogecoin, but I just figured that he was not in fact optimizing his financial returns on the trading-plus-tweeting. He was busy running Tesla and SpaceX and the tunnel thing and probably several other companies at the time (this was pre-Twitter); his whole schtick was about building stuff, not just dumb manipulation of meaningless abstract financial markets. Still the opportunity was so obvious!" Levine concluded that, on balance, Musk was probably not out to manipulate the market even if a group of Doge owners filed a class action suit claiming he did. Instead, Levine figured that the billionaire was probably doing what he likes to do best: troll the hell out of people. That's probably the best guess. I dislike Musk because he's an emotional cripple with fascist leanings who is actively destroying the world's most important news platform, but I can also see the appeal of moving markets with just a tweet. On its best days, Fortune Crypto can publish ascoopthat will lead to token prices jumping or falling, but it takes days of research and effort. Musk, meanwhile, can produce a $300 million gain or loss just by tweeting about Scooby-Doo. Sounds like fun. As for why people mess with meme coins in the first place, I still don't get it. Dogecoin doesn't aspire to do anything, and its own creators say the whole thing has always been a dumb joke, yet still people buy it. Maybe it's a case of profound financial illiteracy. Or if you want a darker explanation, maybe it's because many younger Americans have concluded that growing class disparities mean they will never be able to buy a home and other middle class stuff, so they might as well gamble on Doge and meme stocks. It's hard to say. As for Musk, even if he is manipulating the market to pocket some easy profits, that's probably not illegal. Dogecoin is an early proof-of-work coin based on the same technology as Bitcoin, and it was always going to be an uphill for battle for the SEC to prove it's a security—now, after the big Ripple ruling, that task is nigh impossible. So Musk is free to tweet doggy memes for fun or profit and, for anyone inclined to buy Dogecoin for the hell of it, knock yourselves out. Jeff John [email protected]@jeffjohnroberts This story was originally featured onFortune.com More from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin remains stagnant at $29K, teasing $30K. What will it take to push it past $30K? Insights: Crypto has new radicals, and DeFi isn\'t dead. Prices CoinDesk Market Index (CMI) 1,212 −2.9 ▼ 0.2% Bitcoin (BTC) $29,012 −27.5 ▼ 0.1% Ethereum (ETH) $1,827 −8.6 ▼ 0.5% S&P 500 4,478.03 −23.9 ▼ 0.5% Gold $1,979 +39.3 ▲ 2.0% Nikkei 225 32,192.75 +33.5 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,212 −2.9 ▼ 0.2% Bitcoin (BTC) $29,012 −27.5 ▼ 0.1% Ethereum (ETH) $1,827 −8.6 ▼ 0.5% S&P 500 4,478.03 −23.9 ▼ 0.5% Gold $1,979 +39.3 ▲ 2.0% Nikkei 225 32,192.75 +33.5 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin is a Stablecoin? As Asia’s markets open after the weekend, bitcoin (BTC) is at $29,012 while ether (ETH) is changing hands at $1,827 – which made for a volatility-free weekend. “Another week of relative stability for BTC and ETH bodes well for bulls,” Joe DiPasquale, CEO of BitBull Capital said in a note. "There have been some developments in the space, ranging from the Curve hack to more altcoin mania on Base. The market has, however, not reacted too harshly, and ETH has managed to defend $1800.” Aside from shenanigans in Decentralized Finance (DeFi), which never fails to deliver, the broader crypto market is expected to be slow until a spot bitcoin exchange-traded fund (ETF) is approved. The amount of liquid and highly liquid Bitcoin supply is at its lowest since 2018, while illiquid supply reaches all-time highs, and long-term holders are stashing coins away, Blockware Intelligence wrote in a recent newsletter . Meanwhile, there\'s significant positive momentum in the creation of new addresses, indicating a general increase in on-chain demand, similar to trends observed exiting the bear market in 2019. In a recent note , K33 Research’s Vetle Lunde, calls July’s trading volume “anemic” but writes that the market is on a precipice of change. Story continues The crypto market experienced an atypical drought with remarkably low trading volumes and BTC volatility near five-year lows, but the low activity could lead to a sudden eruption of volatility, he writes, with potential catalysts including ETF filings, ongoing legal matters, and structural pressures, prompting strategies such as passive long volume exposure and gradual BTC accumulation. “A deep crypto sleep tends to be followed by a violent wake-up. The market’s volatility pressure is about to climax, and that an eruption is near," he said in the note. The only question is, when? Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +3.3% Smart Contract Platform Solana SOL +2.7% Smart Contract Platform Loopring LRC +2.2% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Shiba Inu SHIB −8.4% Currency Gala GALA −3.5% Entertainment Dogecoin DOGE −1.5% Currency Insights Crypto and the Real Meaning of \'Radicalism\': In the past four to five years, political thought within crypto has significantly widened, with Ethereum\'s smart contracts attracting economic engineers interested in balanced societal structures, the emergence of theories like "Radical Markets" and “regenerative economics," and the rise of "The Blockchain Socialist" as a platform discussing American economic imperialism and the left-wing perspective on privacy, challenging crypto\'s largely libertarian mainstream, argues a new book by Joshua Dávila – aka The Blockchain Socialist. DeFi Definitely Isn\'t Dead: The summer of 2020\'s DeFi era, characterized by excesses like yield farming, has evolved with decentralized platforms emerging as leaders and adopting professional expansion strategies, but the sector still struggles with concentrated power and the challenges of programmers acting as financiers, reflecting an ongoing experimental phase with a potential for mistakes. Important events 9:30 a.m. HKT/SGT August 9 (01:30 Aug 9 UTC): China Inflation Rate YoY 8:30 p.m. HKT/SGT August 10 (12:30 Aug 9 UTC): U.S. Core Inflation Rate YoY CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase Beats Analyst Estimates for Q2; Bitcoin Trades Sideways After July Jobs Report Coinbase beat analyst estimates for the second quarter, reporting revenues of $708 million and adjusted earnings of a loss of $0.42. Headlines NFT Trading Is Ice Cold But Developers Are Still Hot for Web3 : This week, new reports were released that point to a major slowdown in NFT trading. Plus, Etihad Airways will soon let its community of frequent fliers stake NFTs for miles. Global X Refiles Spot-Bitcoin ETF Application, Naming Coinbase as ‘Surveillance-Sharing’ Partner : The filing comes around the same time the firm requested permission to offer a bitcoin-futures ETF. America’s Credit Rating Helps Make Case for Bitcoin : Fitch’s downgrade of U.S. debt this week is a warning to American policymakers and r underscores why Bitcoin and other open monetary systems matter, says Michael Casey.', 'Bitcoin traded flat on Monday morning in Asia, staying just above the US$29,000 support level, while the token’s volatility rating hit a record low. Ether also treaded water, as other top 10 non-stablecoin cryptocurrencies traded mixed with Solana leading the winners. Meanwhile, the Forkast 500 NFT index edged lower and U.S. stock futures moved up following losses last week. Investors now await another busy week of corporate earnings reports and U.S. inflation data.\nBitcoin edged down 0.03% in the last 24 hours to US$29,039.48 as of 07:50 a.m. in Hong Kong and down 0.78% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency briefly traded below the US$29,000 support level over the weekend.\nEther also dipped 0.48% to US$1,826, and moved down 1.89% over the past seven days.\n“The most fluctuation in Bitcoin over the last week and a half has been around US$29,200. And this is interesting because during this time, the dollar has gone into a growth mode, and there has been significant profit-taking in the equity market,” wrote Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro.\n“The market has been waiting for new signals, equally ready to return to growth or continue to fall,” Kuptsikevich said. “A drop below US$28,800 could quickly take the market to US$28,000 or even US$27,000. A rise above US$29,500 would open a quick path to US$30,000 and on to US$31,000.”\nThe Bitcoin volatility index by crypto options trading platformDeribit, which indicates the expected volatility for Bitcoin over the next 30 days, hit an all-time-low of 34.02% on Monday. Meanwhile, crypto analytics firm K33 Research noted on Friday that Bitcoin’s 5-day average volatility dropped lower than Gold, Nasdaq and S&P500 in the week ending July 30.\n“This session is symptomatic of something we’ve seen playing out over the past few months but is even more pronounced now: nothing,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock. “We haven’t seen BTC make a 1%+ move from open to close in what feels like forever.”\n“It’s worth checking with oneself for any hint of complacency; crypto markets typically don’t reward inertia. Investors will find it very hard to position themselves, though, as positive news about crypto ETFs and engagement by institutions are balanced by regulatory woes and DeFi hacks,” added d’Anethan.\nOther top 10 non-stablecoin cryptocurrencies were mixed as Solana led the winners. It gained 2.51% to US$23.18, but logged a weekly loss of 4.47%.\nDogecoin led the losers, falling 1.97% to US$0.07418, down 4.92% for the week.\nThe total crypto market capitalization dipped 0.12% in the past 24 hours to US$1.16 trillion, while trading volume gained little, adding 1.42% to US$20.62 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexedged up 0.28% in the past 24 hours to 2,459.91\xa0 as of 10:50 a.m. in Hong Kong, down 3.34% for the week. However, Forkast’s Ethereum, Solana and Polygon NFT market indexes all logged losses, with only the Cardano index moving higher.\nTotal NFT trading volume fell 12.78% in the past 24 hours to US$14.78 million, according to data fromCryptoSlam.\nBy NFT collections, Mythos Chain-based game NFT marketplace DMarket posted the largest 24-hour trading volume. Ethereum-based Bored Ape Yacht Club (BAYC) and ImmutableX-based Gods Unchained Cards made up the second and third place spots.\nWreck League, an NFT-based fighting game backed by Web3 venture capital and game development firm Animoca Brands,announceda licensing agreement with BAYC developer Yuga Labs on Thursday.\nThat agreement will see Yuga Labs’ NFT collections incorporated into the game. The game will be launched in September.\nAccording to a Sundayreportby the Bored Ape Gazette, a news site funded by theApeCoin DAO, Wreck League’s in-game NFTs will be minted exclusively with ApeCoin. ApeCoin is the governance and utility token used in the Yuga Labs ecosystem.\nFollowing the news, ApeCoin’s price rose to a weekly high of US$2.04 on Sunday, according to CoinMarketCap data.\nElsewhere, the U.S. Federal Bureau of Investigation (FBI)issueda warning Saturday about NFT phishing scams. The FBI claims that fraudsters, posing as NFT developers, are using fake social media accounts to trick users into linking their digital wallets to smart contracts that extract their digital funds.\nAnd the bad news for developers isn’t over.\nAccording to a Bloombergreportpublished Saturday, total NFT royalties received by creators plunged from US$269 million in January 2022 to only US4.3 million in July 2023.\nA significant decline in NFT trades coupled withcompetitionbetween NFT marketplaces OpenSea and Blur has drastically d Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $562,127,397,500 - Hash Rate: 379783157.2828315 - Transaction Count: 427534.0 - Unique Addresses: 676210.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Hopes surrounding a potential U.S. Bitcoin ETF filing by investment giant BlackRock fueled a bullish sentiment among some traders early Friday. Bitcoin regained the $25,500 level to erase declines of the past two days, when it fell to as low as $24,860. The move provided some respite to major tokens such as Polygon Network’s MATIC and Cardano’s ADA, which eased some losses from a two-day slide. Dogecoin (DOGE) led gains among major tokens with a 4% move in the past 24 hours; litecoin added (LTC) added 3.3%. On Thursday, CoinDeskreportedthat BlackRock planned to offer a Bitcoin ETF with crypto exchange Coinbase (COIN) serving as custodian. This was confirmed later after a filing showed the company’s iShares fund management unitfiled paperworkfor the formation of a spot bitcoin (BTC) ETF. “An estimated 20% of Americans have now owned bitcoin at some point. BlackRock’s proposed ETF potentially offers the other 80% an option that is altogether more familiar and accessible,” said Sui Chung, CEO of CF Benchmarks, in an email to CoinDesk. “BlackRock’s increasing engagement shows Bitcoin continues to be an asset of interest for some of the world’s largest financial institutions.” As such, the market strength of bitcoin impacted shorts – or bets against the currency – the asset with BTC-tracked futures seeing over $16 million in short liquidations in the past 24 hours. This figure was smaller than usual due to large declines in the past week, causing some traders to risk less capital than they normally would. The U.S. Securities and Exchange Commission (SEC) has previously rejected other attempts by fund managers at listing a spot bitcoin ETF, including those from Grayscale, VanEck, and WisdomTree. However, the stature of BlackRock could make it difficult for the SEC to reject this application – whichsome saycould fuel an outsized bitcoin rally if approved.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The numbers are significant. A total of US$12.5 million in cryptocurrency donations reached the Syria-Turkey border in the weeks following the earthquake that devastated the region in February — to a cost of some 60,000 lives — according to areportby Blockchain analytics firm Elliptic.\nThese figures are even higher in Ukraine, where war continues to rage following the Russian invasion on Feb. 24, 2022. Analytics firm Crystal Blockchainestimatesthat Ukraine had received over US$225 million in crypto donations by the end of last month. That figure is roughly20%of all the donations made to Ukraine in the 18 months since the start of the war.\n“[The use of crypto] really is a game changer when it comes to the delivery of emergency aid, especially as we’re seeing more of a need for it as well, not just with Russia’s invasion of Ukraine, but with climate change and the increase in extreme weather events,” said Drew Simon, founder of Crypto Altruism, a platform that advocates for blockchain solutions in the non-profit sector.\n“Folks are being forced into having to leave their homes because of that. There’s going to be an increased need for more efficient and transparent delivery of aid, and I think blockchain enables that,” he added.\n“Picture yourself in Ukraine while your family members are living overseas,” said Bohdan Opryshko, chief operating officer at Everstake, a Kyiv-based crypto staking firm. “They want to send you money, but the banking system is not operational.”\nThe direct and immediate nature of blockchain transactions allows users to bypass the structural and administrative difficulties faced by the war-time state and its institutions, explained Opryshko.\nIn that context, crypto “serves as a backup option where banks fail to deliver. Moreover, your knowledge of what is achievable and what is not can help fill gaps where the government falls short,” he said.\nBut it’s not just family members and other individuals who have been sending crypto to those in need in Ukraine. Institutions are also making use of blockchain’s possibilities.\nIn December 2022, the United Nations High Commission for Refugees (UNHCR) adopted afirst-of-its-kind programto distribute cash assistance to a small group of Ukrainian refugees in the form of USDC — the world’s second largest stablecoin.\nThe UNHCR partnered with the Stellar Development Foundation — specialists in crypto-to-fiat transfers — and MoneyGram International — a worldwide financial services provider with over 4,000 locations in Ukraine and almost 350,000 globally — to provide a broad and easily accessible range of withdrawal options for aid recipients.\n“Beneficiaries were able to activate the digital wallets within minutes and access their cash through the cash out network,” said Carmen Hett, corporate treasurer at the UNHCR. “The only prerequisites for beneficiaries who met the cash assistance criteria were digital literacy and possession of a smartphone,” she added.\nHett confirmed that, after the successful completion of the pilot program in April, the UNHCR decided to continue with a “small scale up” of the operation.\nHett and the program’s other organizers, which include USDC’s Boston-based issuers Circle, found that the speed and scalability of the stablecoin made it well suited for delivering aid in high volumes and in a very short period of time.\n“It’s really an amazing use of USDC,” said Corey Then, Circle’s vice president of global policy during an interview in May. “Folks who might be sitting in a basement while bombs are going off outside can receive money on this as long as they have an internet connection.”\nHe highlighted the difficulties faced by organizations making humanitariancash transfersin previous conflicts.\n“Some of that went to the right places, much of it didn’t, so it’s a huge inherent advantage with USDC and the blockchain,” he said. “From the UN’s perspective, not only can they get aid in faster, but they can actually track where it’s going. So this stands in stark contrast to some forms of aid disbursement.”\nPegged to the US dollar, USDC also ringfences the beneficiary from local currency volatility — the central bank in Kyiv devalued the Ukrainian hryvnia byover 25%against the US dollar in July 2022, five months into the war with Russia\xa0— while the immediacy of each transfer cuts out the need for a middleman, reducing transaction fees.\nThat makes the use of stablecoins to deliver humanitarian aid “highly auditable, being on an immutable blockchain,” said Crypto Altruism’s Drew Simon.\n“You can see exactly where the funds are going,” he added.\nWhen compared with many other places around the world — particularly low-infrastructure areas in the global south — Ukraine is well placed to carry out a pilot project involving stablecoins.\nEven before the war, the country boasted adisproportionately largenumber of crypto users, retail investors and tech professionals.\nWhile I cannot claim that cryptocurrency is an integral part of Ukrainian culture, it is undeniable that Ukrainians have a deep-rooted affinity for change and technological progress\n“While I cannot claim that cryptocurrency is an integral part of Ukrainian culture, it is undeniable that Ukrainians have a deep-rooted affinity for change and technological progress,” says Everstake’s Opryshko.\nHe highlighted Ukraine’s scarce investment opportunities and distrust of the national banking system as reasons that an estimated15.72%of Ukrainians own cryptocurrency.\n“There are limited options to preserve money and generate passive income. We don’t have a national stock market, and banks can face bankruptcy, leading Ukrainians to trust cryptocurrency wallets more,” Opryshko said.\nThe “not your keys, not your coins” philosophy popularized in the crypto world to avoid scams also, he said, strikes many Ukrainians as “a safer approach than keeping money under the pillow or in a bank.”\nDespite the shortcomings in Ukraine’s traditional banking and other administrative systems that, in many cases,predatedthe war with Russia, receptivity to technology — including the blockchain — extends to the national government.\nOn Feb. 26, 2022, the Ukrainian government’s official Twitter page posted Bitcoin and Ethereum addresses for donations to the war effort as part of its “Aid for Ukraine” initiative.\nAccording to aFebruary reportfrom Elliptic, by the end of 2022, the initiative had raised over US$29 million in Ethereum, US$22.7 million in Bitcoin, US$15.1 million in USDT and US$8.2 million in DOT, the native coin of the Polkadot blockchain.\nWhile Ukraine may provide a receptive testing ground for blockchain-based humanitarian aid in times of war, Crypto Altruism’s Drew Simon highlighted its use across a variety of different crisis situations.\nHe pointed to the millions of dollars in crypto donations that poured into Syria and Turkey in the wake of February’s earthquake, including via a number of differentNFTprojects that helped Turkish and Syrian artists sell their work to raise funds for impacted areas. Those efforts combined with large crypto donation platforms like theGiving Block Endowmentto solicit donations for specific aid organizations on the ground in the region.\n“We definitely saw an outpouring of support, maybe not to that same level as in Ukraine, but there were definitely a number of NFT projects, philanthropic campaigns in the Web3 space,” Simon said.\nElsewhere in the Middle East, he continued, innovative use of blockchain technologies have emerged in various forms — including theWorld Food Programme’s Building Blocks project. The project — which began in 2017 — uses blockchain technology to securely transfer funds to displaced communities in a number of locations, including a settlement for Syrian refugees in Lebanon in September 2020.\n“Refugees had funds deposited into their wallet on a blockchain, they went to the grocery store, their iris was scanned and then it automatically pulled up their wallet so they could purchase groceries,” Simon said.\nThe system was beneficial, he said, as individual recipients could avoid vouchers, cash and other physical payment methods that are harder to retain and keep track of in the challenging environment of a refugee settlement.\n“I know there’s a lot of questions around the ethics around biometrics and I think that’s a whole different conversation, but there’s these really cool opportunities that make it a lot easier for folks that previously lacked access to traditional financial tooling,” Simon added.\nRegardless of ease of use, such programs require beneficiaries to give up information that, in less strained circumstances, they may think twice about sharing. That involves a degree of trust in not only the technology but also the benevolence of program organizers. If missing, that lack of trust can prove a high hurdle to overcome.\nThe UNHCR’s Carmen Hett conceded as much when discussing the USDC pilot program in Ukraine, saying that “a lack of knowledge and distrust of the technology” among a small number of potential beneficiaries had prevented their participation.\nTo avoid that scenario in future, she said, further investment in digital literacy is “crucial” for helping vulnerable communities in crisis situations adapt to the funding avenues opened up by blockchain technology.\nWe’re just used to [the internet]. It’s a part of everyday life, and I think that that’s what we need to get to with Web3 as well, where the user interface and experience is so seamless and easy\nFor Crypto Altruism’s Drew Simon, that process can be simplified even further by removing the jargon that dominates the crypto industry, clouding understanding for newcomers.\n“Sure, it’s a revolutionary technology, but so is the internet and we don’t talk about whether a website is hosted on WordPress or Squarespace, what coding language is used to write an app, or how our email gets from point A to point B. It just does it, right?” Simon said.\n“W Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $575,259,770,025 - Hash Rate: 325156812.74215025 - Transaction Count: 331194.0 - Unique Addresses: 616643.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: All Other Senior Secured Debt Repaid by the Company LAS VEGAS, July 21, 2023 --( BUSINESS WIRE )-- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (" Ault Alliance ," or the " Company "), is pleased to announce that it, alongside several subsidiaries, has successfully secured an additional $8.8 million in senior debt financing (the " Loans ") from a group of existing institutional lenders (the " Lenders "). The Company previously borrowed $18.9 million from the Lenders in November 2022, which together with the new Loans, have an aggregate outstanding amount of $24.3 million. The Loans mature on May 7, 2024, accumulate interest at a favorable annual rate of 8.5% and are secured against select assets of the Company and certain of its subsidiaries. "Our relationship with the Lenders has proven to be a significant asset to the growth and stability of Ault Alliance," said Milton "Todd" Ault III, Founder and Executive Chairman of the Company. "The Lenders have consistently exhibited supportiveness and a willingness to fuel our future growth endeavors. This favorable borrowing rate is another testament to our relationship." Kenneth S. Cragun, Chief Financial Officer, further added, "We have paid off all other senior secured debts at the Company, and the new Loans announced today provide needed working capital to further strengthen our financial position. We are elated to maintain such a solid senior lending relationship and feel incredibly comfortable with the Lenders as our partners for future ventures." Loan guarantees have been furnished by Ault Lending, LLC, a subsidiary of the Company, Ault & Company, Inc., an affiliate of the Company, as well as by Milton C. Ault, III, the Company’s Executive Chairman and the Chief Executive Officer of Ault & Company, Inc. The proceeds from the Loans will primarily be deployed for augmenting working capital and facilitating the general operational needs of the Company. The new Loans were issued with an original issue discount of $1.3 million. Story continues For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or available at www.sec.gov . About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com . Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20230720100820/en/ Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Wednesday morning in Asia to trade above US$29,700. Ether also logged gains along with all other top 10 non-stablecoin cryptocurrencies. Solana led the winners with an almost 5% jump. The crypto rally followed PayPal’s launch of a U.S. dollar-pegged stablecoin on Monday. That coincided with a sharp drop in global government bond yields Tuesday after the release of China’s weaker-than-expected economic data. Meanwhile, the Forkast 500 NFT index edged higher on increased trading volumes, while U.S. stock futures traded lower as ratings agency Moody’s downgraded several mid-size U.S. banks.\nBitcoin rose 2.02% in the last 24 hours to US$29,764.75 as of 07:50 a.m. in Hong Kong and moved up 0.41% for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency briefly breached the US$30,000 resistance level on early Wednesday morning.\nEther gained 1.61% to US$1,855.88 but was still down 0.82% over the past seven days. All other top 10 non-stablecoin cryptocurrencies traded higher, with Solana’s SOL leading the winners. The token rose 4.93% to US$24.19 and logged a weekly gain of 1.07%.\nThe crypto market received a boost from global payment giant PayPal’s stablecoinlaunchon Monday. Known as PayPal USD (PYUSD), the stablecoin will allow users in the U.S. to make transfers to compatible external wallets, pay other customers and purchase foreign currencies using the token.\n“PayPal’s stablecoin launch is an important development for crypto within the U.S. Although the initial launch is limited, with PayPal’s size and global reach, it is likely to impact global stablecoin usage and adoption going forward,” said William Cai, co-founder and managing partner at U.S.-based asset management firm Wilshire Phoenix.\n“It is another clear signal of institutional confidence that crypto isn’t going away and will emerge from this ‘crypto winter’ stronger,” added Cai. “Stablecoin is the grease of the crypto markets. Overall increase in stablecoin market cap will coincide with a major upward trend in crypto prices.”\nGreta Yuan, head of research at Hong Kong-headquartered digital asset exchange VDX, said that while it is not the first time major institutions have entered the stablecoin space, previous attempts met with substantial regulatory obstacles.\n“The recent progress of a bill aimed at establishing a federal regulatory framework for stablecoins, coupled with PayPal’s deep expertise in the payment industry, has the potential to set up PayPal for a more promising growth path,” Yuan added\nMeanwhile, Ark Invest Chief Executive Officer Cathie Woodsaidin a Tuesday interview with Bloomberg that she expected the U.S. Securities and Exchange Commission (SEC) to approve multiple spot-Bitcoin exchange-traded funds (ETF) at the same time.\nThere is now a growing sense of optimism that successful ETF applications frommajor U.S. asset managersincluding BlackRock, Fidelity Investments and Wisdom Tree could be the start of large-scale institutional investment in the digital asset space.\nLater on Tuesday, Mike Novogratz, CEO of investment management firm Galaxy Capital, reportedlysaidvia conference call that the SEC’s approval of a Bitcoin ETF was likely a matter of “when, not if.” Issuers of Bitcoin ETF would, he said, “fight like cats and dogs to win market share” once they received approvals.\n“This could have caused the 3-4% rally in Bitcoin prices overnight,” said Markus Thielen, Head of Research & Strategy at digital asset service platform Matrixport.\n“A common pattern is emerging where Bitcoin prices tend to rally during US trading hours but retrace during Asian trading hours,” Thielen added. “Nevertheless, Bitcoin is still in a trading range but a potential SEC approval could push prices higher.”\nThe total crypto market capitalization gained 1.71% in the past 24 hours to US$1.18 trillion, while trading volume moved up 9.37% to US$36 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexinched up 0.14% in the past 24 hours to 2,483.18 as of 09:50 a.m. in Hong Kong, but was still down 0.90% for the week. Forkast’s Ethereum NFT index also logged gains, while the Solana, Polygon and Cardano indexes dropped.\nTotal NFT trading volume surged 64.03% in the past 24 hours to over US$20.4 million, according to data fromCryptoSlam. Volume on the Ethereum, Solana, Polygon, and Cardano blockchains all also logged increases, while the Bitcoin blockchain saw a drop.\n“Again we’re in the green and suddenly there’s a little pep in traders’ step,” said Yehudah Petscher, NFT strategist for Forkast Labs.\n“We’re really beginning to see the type of NFTs that do well in this market, which is cheaper NFTs with high volume. DMarket, Gods Unchained, Sorare and DraftKings all represent a form of gaming, all are pretty darn affordable, and all have thousands of traders. This is what the future of NFTs will really look like,” Petscher added.\nAmong NFT collections, Polygon-based DraftKings saw the largest 24-hour sales volume. It rose 26.23% to over US$4.12 million for 85% of total NFT trading volume on the Polygon network. The collection is based on sports and betting company DraftKings’ NFT games.\nForkast Labs’ Petscher said that Paypal’s stablecoin launch is providing a timely boost for the NFT industry. The global payment giant could prove successful in onboarding those unfamiliar with cryptocurrencies into the NFT space, he said Tuesday in avideouploaded to Youtube.\n“Give them some PayPal stablecoin and then watch OpenSea integrated, and then let them buy Starbucks NFTs on secondary with their PayPal stablecoins,” Petscher said. “This is huge for the world of crypto and it’s huge for NFTs. This is what building looks like.”\nMeanwhile, NFTs are seeing growing interest in the art space.\nU.K.-based NFT platform ElmonXannouncedWednesday that it will partner with international image licensing company Bridgeman Images to mint “Salvator Mundi” — a painting attributed to Leonardo da Vinci — as NFT collectibles. The painting was sold for US$$450.3 million at the Christie’s auction house in 2017, making it the most expensive artwork ever sold.\nElsewhere, Chinese artist Yue Minjun on Tuesday launchedKingdom of the Laughing Man— a collection of unique NFTs based on his artworks — on NFT platform LiveArt. The collection has logged a 24-hour sales volume of over US$978,000 and sits third in Crypto Slam’s sales volume rankings, right behind Bored Ape Yacht Club.\nU.S. stock futurestradedmixed as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped, while the S&P 500 and Nasdaq futures moved higher. The U.S. stock market closed lower on Tuesday.\nIn Asia, the main stock indexes were also mixed on Wednesday morning. China’sShanghai Composite, Hong Kong’sHang Sengand Japan’sNikkeilogged losses, while South Korea’sKospirose.\nOn Tuesday, Moody’s Investor Serviceloweredthe credit rating of 10 small and midsize U.S. banks citing funding risks and weaker profitability. The ratings agency warned that it could downgrade several other major U.S. lenders including U.S. Bancorp, Bank of New York Mellon Corp. and State Street Corp.\n“I think it’s a big deal in the bigger picture of how the economy operates, because regional banks’ lending is one of the main lubricants of the economy,” said Jason Pride, chief of investment strategy and research at asset manager Glenmede, in a Reutersreportpublished Wednesday.\n“If it slows down, the engine just doesn’t work as well,” Pride added.\nAll eyes are now on the release of U.S. consumer price index (CPI) data on Thursday. Bloomberg analystsexpectthe core CPI to rise 0.2% in July, which would be the smallest monthly increase in the past two and a half years.\nOn the U.S. inflation front, the Federal Reserve meets on Sep. 19 to make its next move on interest rates.\nThe rate now stands at between 5.25% to 5.50%, the highest level in the past 22 years. Analysts at theCME FedWatch Toolpredict a 86.5% chance there will be no interest rate hike in September, and a 13.5% chance the Fed will raise rates by a further 25-basis-points.\nMeanwhile in China, the country’s July CPI posted an annual decrease of 0.3%. The Producer Price Index (PPI) also dropped 4.4% year-on-year, Chinese state media Xinhua News AgencyreportedWednesday.\nThe dip in July CPI data represents China’s first annual decline since February 2021. However, the drop was smaller than the analysts’ expectation of 0.4%.\n“China is in deflation, for sure, the question is for how long.” Robin Xing, chief China economist for Morgan Stanley,toldBloomberg. “It’s up to the policy makers how they react.”\n(Updates with equities section.)', "Bitcoin rose on Wednesday morning in Asia to trade above US$29,700. Ether also logged gains along with all other top 10 non-stablecoin cryptocurrencies. Solana led the winners with an almost 5% jump. The crypto rally followed PayPal’s launch of a U.S. dollar-pegged stablecoin on Monday. That coincided with a sharp drop in global government bond yields Tuesday after the release of China’s weaker-than-expected economic data. Meanwhile, the Forkast 500 NFT index edged higher on increased trading volumes, while U.S. stock futures traded lower as ratings agency Moody’s downgraded several mid-size U.S. banks. Cryptos rally Bitcoin rose 2.02% in the last 24 hours to US$29,764.75 as of 07:50 a.m. in Hong Kong and moved up 0.41% for the week, according to CoinMarketCap data. The world’s leading cryptocurrency briefly breached the US$30,000 resistance level on early Wednesday morning. Ether gained 1.61% to US$1,855.88 but was still down 0.82% over the past seven days. All other top 10 non-stablecoin cryptocurrencies traded higher, with Solana’s SOL leading the winners. The token rose 4.93% to US$24.19 and logged a weekly gain of 1.07%. The crypto marke Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $582,168,434,400 - Hash Rate: 421650114.697692 - Transaction Count: 506746.0 - Unique Addresses: 735662.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: BRITISH VIRGIN ISLANDS, June 30, 2023 (GLOBE NEWSWIRE) -- Imagine holding a key that unlocks a treasure chest filled with valuable digital assets. This isn't a scene from a fantasy novel, but the exciting reality ofBTC Proxy'sNFT Keys. Born from a partnership between BTC Proxy, Blockchain.com, and Alphabit, these 10,000 unique digital collectibles were created in early 2022. Initially, they served as celebratory tokens for the minting of 125 BTCpx onto the Polygon Network. Today, they've evolved into something more: keys to virtual vaults brimming with assets ready to be claimed. BTC Proxy: Bridging Bitcoin and DeFi BTC Proxy is a platform that brings together the world of Bitcoin and DeFi. It's a protocol that allows Bitcoin holders to use their Bitcoin in the Ethereum and Polygon ecosystems, expanding their opportunities in DeFi. BTC Proxy will put in 1 Bitcoin into the DeFi vault at the beginning of the mint which the holders will be rewarded with. But BTC Proxy is more than just a bridge. It's a secure and efficient pathway for Bitcoin to interact with other blockchains. With features like Proxy Relay and Insured Custody, BTC Proxy ensures that Bitcoin can move safely and smoothly between different systems. In essence, BTC Proxy is about providing options for Bitcoin holders. It allows you to explore the DeFi landscape while still holding onto your Bitcoin. It's about creating a flexible, secure environment where you can make the most of your digital assets. BTC Proxy NFTs: Your Key to Digital Assets BTC Proxy NFTs are not just digital collectibles. They are keys that unlock access to valuable digital assets. In 2022, BTC Proxy created 10,000 NFTs to mark the minting of 125 BTCpx onto the Polygon Network. While some were given away for promotional purposes, most were kept by the protocol. Now, these NFTs have a new role. They act as keys to virtual vaults that contain one or more digital assets. If you own an NFT key, you can claim these assets. This gives the NFTs a practical use, turning them from digital collectibles into keys that unlock digital assets. The Journey of Acquiring NFT Keys and Their Balanced Token Model Stepping into the world of NFT keys is as straightforward as investing 100 USDC. This investment is then converted into PRXY tokens at the current market rate on the Quickswap PRXY/USDC pool. This process not only influences the price of the PRXY token with each NFT Key purchase, but it also populates your newly acquired vault with PRXY tokens. Once you have your NFT Key in hand, you can stake it to claim the tokens in your vault at a predetermined rate. What makes this journey even more interesting is the balanced token model of the NFT keys. The vault operates on the principle of balance. For every token that is released, nine PRXY tokens are locked up within the vault. This balance between locking and releasing tokens is designed to increase the price and decrease the circulating supply of PRXY tokens. Multiple Rewards and Eligibility Considerations The vault isn't just a one-token show. It has the capacity to house multiple tokens, and the set release rate can be applied to all tokens in the vault. This means you can reap a variety of rewards by staking a single NFT key. An additional token can even be used to provide extra rewards to those who stake early. However, it's important to note that not all NFTs are eligible for this campaign from the start. To maintain the integrity of the rewards, NFT Series 9000+ will not be initially eligible. But don't worry, they may join the party once the campaign gains momentum. This way, readers get a comprehensive understanding of the rewards system and eligibility considerations in one section. Conclusion: Embrace the Future with BTC Proxy's NFT Keys In the ever-evolving world of digital finance, BTC Proxy stands as a beacon of innovation. With its unique NFT keys, it offers a new way to interact with digital assets, providing a secure and efficient pathway to a wealth of opportunities. Whether you're a seasoned investor or a newcomer to the world of DeFi, BTC Proxy's NFT keys offer a chance to unlock a treasure trove of possibilities. So why wait? Embark on your journey with BTC Proxy today. Explore the world of NFT keys, stake your claim, and unlock the future of digital finance. VisitBTC Proxyto learn more and start your adventure. The future is in your hands. NFT Keys are currently priced at $100 and for a limited time only. At the time of writing the Rate of Return was 10.09% in PRXY and 1536% in BTC CONTACT: Jim Hong BTC Proxy hello at btcproxy.io... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dipped on Thursday morning in Asia after briefly breaching the US$30,000 resistance level. Ether also dipped, while other top 10 non-stablecoin cryptocurrencies traded mixed. Cardano’s ADA token led the winners. Meanwhile, the Forkast 500 NFT index moved higher. However, trading volume dropped after a surge earlier in the week. U.S. stock futures logged losses Wednesday but were trading higher on Thursday morning in Asia. Investors now await key U.S. inflation data with an eye on how that will affect the Fed’s decision making on interest rates. Bitcoin dips but set for bullish trend Bitcoin dropped 0.72% in the last 24 hours to US$29,592.49 as of 07:30 a.m. in Hong Kong, but rose 1.59% for the week, according to CoinMarketCap data. The world’s leading cryptocurrency reached a high of US$30,093.44 on Wednesday evening, but struggled to stay above the US$30,000 threshold. Although Bitcoin prices remain range bound, the token is set for a bullish trend, said Samer Hasn, market analyst at Australia-based global multi-asset broker XS.com. “We witnessed the number of open interest positions (in Bitcoin) rise to the highest level since October of 2022 with more than 10.4 billion positions on August 8,” Hasn said. He added that a high number of open interests, which includes long and short positions, generally precedes a rise in momentum and increased volatility. “The increase in the number of open positions reflects more positive sentiment among investors with more recognition,” Hasn said, adding that the new offering of the PYUSD stablecoin from PayPal — one of the world’s largest payment companies — will increase access to cryptocurrency networks. Similarly, spot Bitcoin exchange traded fund applications from major investment firms like BlackRock and Wisdom Tree will, if approved by U.S. regulators, provide “more access by individual investors, institutional investors, and large companies that may not be able to invest in cryptocurrencies directly,” Hasn said. Story continues Along with Bitcoin, Ether dipped 0.21% to US$1,856.01 but held a weekly gain of 0.94%. Other top 10 non-stablecoin cryptocurrencies traded mixed, with Cardano’s ADA leading the winners, while Binance’s BNB, Tron’s TRX and Litecoin logged losses. Cardano’s ADA rose 1.03% to US$0.3016 for\xa0a weekly gain of 0.75% after the Cardano mainnet launched the Bitcoin token cBTC on Wednesday. The launch will allow Bitcoin holders to tokenize their Bitcoin on the Cardano network as cBTC and use it in Cardano’s decentralized finance (DeFi) applications. Bitcoin, meet Cardano. We’re excited to announce mainnet is now LIVE 👼 Mainnet below ⛅️👇 https://t.co/j6vHNUKIlL pic.twitter.com/Li81Pr8fpn — anetaBTC 👼 Mainnet Live (@anetaBTC) August 8, 2023 The total crypto market capitalization dipped 0.31% in the past 24 hours to US$1.18 trillion, while trading volume remained flat, inching down 1.11% to US$35.54 billion. The future is now for gaming NFTs The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index rose 0.71% in the past 24 hours to 2,493.11 as of 09:50 a.m. in Hong Kong, and notched a 0.10% gain for the week. Forkast’s Ethereum and Solana NFT indexes also logged gains, while the indexes for Polygon and Cardano dropped. Total NFT trading volume dropped 16.72% in the past 24 hours to over US$16.31 million, according to data from CryptoSlam . Volumes on the Ethereum, Bitcoin, Solana, Polygon, and Cardano blockchains all also logged losses. Among NFT collections, Polygon-based DraftKings saw the largest 24-hour sales volume, but fell 65.56% to US$1.43 million. Still, those sales accounted for over 50% of the total NFT trading volume on the Polygon network. The collection is based on sports and betting company DraftKings’ NFT games. “DraftKings did huge numbers, at one point reflecting over US$4.6 million on CryptoSlam’s collection rankings,” said Yehudah Petscher, NFT strategist for Forkast Labs. “These are being driven by fantasy football packs in the Reignmakers series. Packs range from US$20 to US$9,999, and some with supplies of over 50k packs. You can see how with brands like DraftKings and the National Football League (NFL), and prices like that, how they can rack up millions of dollars in sales in a day.” According to Petscher, winter in the market can be a blessing for NFTs used in play-to-earn games. “This bear market is sorta like the Great Reset for NFTs,” said Petscher in a Wednesday tweet . “Without it traders would still be conditioned for unrealistic gains. Now they’ll be happy for a few dollars here, maybe 20 bucks there, and then some home runs every so often. Expect to see more numbers like DraftKings, DMarket Gods Unchained and Sorare.” In CryptoSlams’ NFT collection ranking, DraftKings, Mythos Chain-based DMarket, Ethereum-based Bored Ape Yacht Club (BAYC), ImmutableX-based Gods Unchained and Ethereum-based Sorare took up the top 5 spots by seven-day sales volume. “Mythos Chain, Polygon, ImmutableX, and Ethereum are all represented in CryptoSlam’s Top Five Collections so far this week, and show the multi-chain future that’s not just ahead of us. It’s here,” tweeted Petscher on Thursday. Elsewhere, Canadian musician and producer Claire Elise Boucher, known professionally as Grimes, said in an interview with U.S. magazine Wired that she has earned more money from NFTs than from her music career. Boucher sold around US$6 million worth of NFTs in an auction in early 2021. “I’m sad about what happened to NFTs and crypto, because it got polluted fast with people trying to make as much money as possible,” said Boucher in the interview. “But I do want to think about compensating artists, especially digital artists. And I hope when the aggro niche dies down, we can come back,” she said. (Updates with NFT section.) U.S. equity futures up ahead of key inflation data Image: Envato Elements U.S. stock futures traded higher as of 11:10 a.m. in Hong Kong, after the stock market closed lower on Wednesday. In Asia, the main stock indexes were mixed on Wednesday morning. China’s Shanghai Composite , Hong Kong’s Hang Seng and South Korea’s Kospi logged losses, while Japan’s Nikkei moved up. Investors are now waiting for the U.S. consumer price index (CPI) in July, which is set for release on Thursday. Analysts expect the annual inflation rate to hit 3.3% in July, up from 3.0% in June, with the monthly rate remaining unchanged at 0.2%. However, an acceleration in the annual inflation rate would not necessarily equate to a reverse of the recent inflation slowdown. Talking to The Wall Street Journal, Laura Rosner, founding partner at advisory firm MacroPolicy Perspectives, pointed to this time last year when inflation peaked in June and then slowed down in the following month. A monthly inflation rate of 0.2% in June would be consistent with the moderate inflation that the Federal Reserve wants to see, Rosner said. Meanwhile, Philadelphia Federal Reserve President Patrick Harker said on Tuesday the Fed might be ready to pause interest rate hikes. “Absent any alarming new data between now and mid-September, I believe we may be at the point where we can be patient and hold rates steady and let the monetary policy actions we have taken do their work,” said Harker. The Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level in the past 22 years. Analysts at the CME FedWatch Tool predict a 87.0% chance there will be no interest rate hike in September, up from 86.5% on Wednesday. Elsewhere, U.S. President Joe Biden signed an executive order Wednesday to regulate U.S. investment in Chinese entities engaged in three sectors: semiconductors and microelectronics, quantum information technologies, and artificial intelligence. However, the sectors listed in the order were narrower than expected, which some analysts interpret as a sign that Biden’s administration is seeking to improve relations with China. “For the business community, this is relatively good news,” Sarah Bauerle Danzman, a senior fellow at the Atlantic Council and associate professor of international studies at Indiana University, told Bloomberg. “It’s a relatively narrow notification process and a very narrow set of prohibitions.” (Updates with equities section.)', 'Bitcoin dipped on Thursday morning in Asia after briefly breaching the US$30,000 resistance level. Ether also dipped, while other top 10 non-stablecoin cryptocurrencies traded mixed. Cardano’s ADA token led the winners. Meanwhile, the Forkast 500 NFT index moved higher. However, trading volume dropped after a surge earlier in the week. U.S. stock futures logged losses Wednesday but were trading higher on Thursday morning in Asia. Investors now await key U.S. inflation data with an eye on how that will affect the Fed’s decision making on interest rates.\nBitcoin dropped 0.72% in the last 24 hours to US$29,592.49 as of 07:30 a.m. in Hong Kong, but rose 1.59% for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency reached a high of US$30,093.44 on Wednesday evening, but struggled to stay above the US$30,000 threshold.\nAlthough Bitcoin prices remain range bound, the token is set for a bullish trend, said Samer Hasn, market analyst at Australia-based global multi-asset broker XS.com.\n“We witnessed the number of open interest positions (in Bitcoin) rise to the highest level since October of 2022 with more than 10.4 billion positions on August 8,” Hasn said.\nHe added that a high number of open interests, which includes long and short positions, generally precedes a rise in momentum and increased volatility.\n“The increase in the number of open positions reflects more positive sentiment among investors with more recognition,” Hasn said, adding that the new offering of thePYUSDstablecoin from PayPal — one of Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $574,410,029,500 - Hash Rate: 330756213.4390739 - Transaction Count: 358039.0 - Unique Addresses: 711323.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Low-priced stocks invariably catch the attention of investors. It provides an opportunity for diversification even with a limited capital. I see several stocks under $20 that have the potential to double within the next six months. This column focuses on these growth stocks to buy for quick returns. It’s worth noting that last year was challenging for investors with a correction in the index and a deeper correction in growth stocks . It seems clear that the market outlook has improved with the S&P 500 index trending higher by 17% for year-to-date. Based on industry or company specific triggers, certain stocks have skyrocketed. As an example, Marathon Digital (NASDAQ: MARA ) has surged by 400% for the year. Even if the markets remain sideways, there are some attractive opportunities to consider among growth stocks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Let’s discuss three growth stocks under $20 that are poised to double in the second half of 2023. Kinross Gold (KGC) Cellphone with business logo of Canadian mining company Kinross Gold Corp. on screen in front of webpage. Source: T. Schneider / Shutterstock.com Kinross Gold (NYSE: KGC ) stock has trended higher by 58% in the last 12 months. However, I believe that the stock is poised to double from current levels in the next two quarters. One reason to be bullish on KGC stock is valuations. At a forward price-earnings ratio of 15.1, the stock looks attractive. Additionally, the stock has a robust dividend yield of 2.36%. Further, I am bullish on Kinross with the company likely to deliver strong operational performance. For Q1 2023, Kinross reported operating cash flow of $259 million . Additionally, the company closed the quarter with a total liquidity buffer of $1.7 billion. With high financial flexibility, Kinross can potentially pursue inorganic growth. I expect this to happen as Kinross was forced to sell Russian assets in 2022 due to geopolitical factors. An acquisition can compensate for the decline in production visibility. It’s also worth mentioning here that Kinross rejected a takeover approach from Endeavour Mining (TSE: EDV ) in June. A juicer deal in the coming months might be another catalyst for KGC stock surging higher. Lithium Americas (LAC) smartphone with logo of Canadian company Lithium Americas Corp on screen Source: Wirestock Creators / Shutterstock.com Lithium Americas (NYSE: LAC ) trades a few cents above $20 with multiple positive catalysts on the horizon. With the stock having traded sideways in the last 12 months, a big breakout on the upside seems impending. First, Lithium Americas has approved the split of the company into two divisions. Lithium Americas will be operating North American assets while Lithium Argentina will focus on multiple assets in Argentina. I believe that the creation of two separate entities will translate into value unlocking. Story continues It’s also worth noting that the company announced first lithium as a part of commissioning at Caucharí-Olaroz. Additionally, purification processing equipment will be added in the second half of 2023 . The project being commissioned will ensure steady revenue upside in 2024. With these positive triggers and the commencement of construction at Thacker Pass project, the outlook for LAC stock is bullish. Riot Platforms (RIOT) In this photo illustration, the Riot Platforms (RIOT) logo is displayed on a smartphone screen. Source: rafapress / Shutterstock.com Riot Platforms (NASDAQ: RIOT ) has witnessed a massive rally of 196% in the last 12 months. However, I believe that the stock remains attractively valued, particularly if Bitcoin ( BTC-USD ) trends higher in the next six months. A strong balance sheet is the first reason to be bullish on Riot. As of Q1 2023, the company reported cash and digital assets of $390 million. Further, a zero-debt balance sheet implies high financial flexibility. Another reason to be bullish on Riot is aggressive mining capacity expansion. As of Q1 2023, the company had a deployed capacity of 10.5EH/s. With the recent purchase of miners, Riot expects to boost capacity to 20.1EH/s by mid-2024. The company has the option to buy additional miners. If this option is exercised, mining capacity will further swell to 35.4EH/s by December 2024 . If this expansion is undertaken and Bitcoin trends higher, Riot is positioned for massive growth in revenue and cash flows, making it one of the top stocks under $20. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live Wall Street Titan: Here’s My #1 Stock for 2023 The $1 Investment You MUST Take Advantage of Right Now It doesn’t matter if you have $500 or $5 million. Do this now. The post 3 Under-$20 Stocks for 100% Returns During the Second Half of 2023 appeared first on InvestorPlace . View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Irrespective of market conditions, investors are attracted towards penny stocks in the quest for multibagger returns. However, just because the stocks are cheap doesn’t you you shouldn’t be wary of bad investments. It’s unlikely that purely speculative names will be among the millionaire-maker penny stocks. The focus must be on undervalued penny stocks that represent good businesses. Further, there will be impending industry or company specific catalysts that need to be clearly identified. The risk here is that if these catalysts don’t play out, the stock returns will be subdued or negative. However, if the catalyst is triggered, 10x or 20x returns will not out of the question. The bottom-line: Invest what you can afford to lose in these undervalued millionaire-maker penny stocks. I am, however, optimistic that the stocks discussed represent companies where there is a high probability of the catalyst being triggered. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Let’s discuss three undervalued penny stocks and the specific factors that may spell stellar returns. Cronos (CRON) A marijuana leaf rests on top of little tins filled with a balm. Source: Shutterstock The big impending catalyst for the cannabis industry is federal-level legalization. If this scenario holds true, Cronos (NASDAQ: CRON ) will skyrocket, and I expect at least 10x returns in quick time. Even without federal level legalization, CRON is a deeply undervalued stock. As of Q2 2023, Cronos reported cash and equivalents of $841 million . The company’s cash buffer is higher than the current market valuation. Cronos intends to use the cash for aggressive expansion in the United States on federal-level legalization. At the same time, the cash will be utilized towards research and development to broaden the product portfolio. It’s also worth noting that Cronos has pursued cost-cutting initiatives. This includes the decision to exit the U.S. hemp business. The company expects to end the current financial year with the cash position swelling further. Being successful in arresting the cash burn is a major positive that will impact valuations. Solid Power (SLDP) Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display. Source: T. Schneider / Shutterstock.com For Solid Power (NASDAQ: SLDP ) stock, multibagger returns depend on the company’s ability to commercialize solid-state batteries. If the company is successful in its research and development initiatives, 10x or 20x returns would not be surprising. I strongly believe that Solid Power is one of the best bets in the solid-state battery segment. Of course, commercialization is still a few years away. However, Solid Power seems to be making the right moves. Story continues One reason to be bullish is the fact that Solid Power has strong automotive partners. This includes Ford (NYSE: F ) and BMW (OTCMKTS: BMWYY ). In December, the company licensed its cell design and manufacturing process to BMW. The idea is to pursue parallel research and development. Solid Power will also be delivering EV battery cells to automotive partners in 2023 for validation testing. Potential approval of solid-state batteries by automotive majors can be a big catalyst for stock upside. Bitfarms (BITF) A Bitcoin (BTC) token in front of the Bitfinex logo. Source: Useacoin / Shutterstock.com For year-to-date 2023, Bitcoin ( BTC-USD ) has trended higher by 77%. For the same period, Bitfarms (NASDAQ: BITF ) stock has skyrocketed by 258%. This puts into perspective the upside potential for this Bitcoin miner. Furthermord, the basic assumption for BITF stock being a multibagger is a continued rally in Bitcoin. It’s important to note that Bitcoin halving is due in 2024, and a big upside might be impending. Standard Chartered believes that Bitcoin will quadruple by the end of 2024 . If this scenario holds true, BITF stock will skyrocket. Specific to Bitfarms, there are two reasons to be bullish. First, the company has been adding mining capacity on a sustained basis. As of July, mining capacity was 5.3EH/s . Further, Bitfarms expects to have zero debt in its balance sheet by February 2024. Additionally, the company reported a liquidity buffer of $48 million as of Q2 2023. With high financial flexibility, the company is positioned for aggressive expansion. This will translate into robust revenue growth and cash flow upside. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. ChatGPT IPO Could Shock the World, Make This Move Before the Announcement It doesn’t matter if you have $500 or $5 million. Do this now. The $1 Investment You MUST Take Advantage of Right Now The post Could These 3 Undervalued Penny Stocks Make You a Millionaire? appeared first on InvestorPlace . View comments', 'Irrespective of market conditions, investors are attracted towardspenny stocksin the quest for multibagger returns. However, just because the stocks are cheap doesn’t you you shouldn’t be wary of bad investments. It’s unlikely that purely speculative names will be among the millionaire-maker penny stocks. The focus must be on undervalued penny stocks that represent good businesses.\nFurther, there will be impending industry or company specific catalysts that need to be clearly identified. The risk here is that if these catalysts don’t play out, the stock returns will be subdued or negative. However, if the catalyst is triggered, 10x or 20x returns will not out of the question.\nThe bottom-line: Invest what you can afford to lose in these undervalued millionaire-maker penny stocks. I am, however, optimistic that the stocks discussed represent companies where there is a high probability of the catalyst being triggered.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nLet’s discuss three undervalued penny stocks and the specific factors that may spell stellar returns.\nSource: Shutterstock\nThe big impending catalyst for the cannabis industry is federal-level legalization. If this scenario holds true,Cronos(NASDAQ:CRON) will skyrocket, and I expect at least 10x returns in quick time. Even without federal level legalization, CRON is a deeply undervalued stock.\nAs of Q2 2023, Cronos reportedcash and equivalents of $841 million. The company’s cash buffer is higher than the current market valuation. Cronos intends to use the cash for aggressive expansion in the United States on federal-level legalization. At the same time, the cash will be utilized towards research and development to broaden the product portfolio.\nIt’s also worth noting that Cronos has pursued cost-cutting initiatives. This includes the decision to exit the U.S. hemp business. The company expects to end the current financial year with the cash position swelling further. Being successful in arresting the cash burn is a major positive that will impact valuations.\nSource: T. Schneider / Shutterstock.com\nForSolid Power(NASDAQ:SLDP) stock, multibagger returns depend on the company’s ability to commercialize solid-state batteries. If the company is successful in its research and development initiatives, 10x or 20x returns would not be surprising.\nI strongly believe that Solid Power is one of the best bets in the solid-state battery segment. Of course, commercialization is still a few years away. However, Solid Power seems to be making the right moves.\nOne reason to be bullish is the fact that Solid Power has strong automotive partners. This includesFord(NYSE:F) andBMW(OTCMKTS:BMWYY). In December, the company licensed its cell design and manufacturing process to BMW. The idea is to pursue parallel research and development.\nSolid Power will also bedelivering EV battery cells to automotive partnersin 2023 for validation testing. Potential approval of solid-state batteries by automotive majors can be a big catalyst for stock upside.\nSource: Useacoin / Shutterstock.com\nFor year-to-date 2023,Bitcoin(BTC-USD) has trended higher by 77%. For the same period,Bitfarms(NASDAQ:BITF) stock has skyrocketed by 258%. This puts into perspective the upside potential for this Bitcoin miner.\nFurthermord, the basic assumption for BITF stock being a multibagger is a continued rally in Bitcoin. It’s important to note that Bitcoin halving is due in 2024, and a big upside might be impending. Standard Chartered believes thatBitcoin will quadruple by the end of 2024.\nIf this scenario holds true, BITF stock will skyrocket. Specific to Bitfarms, there are two reasons to be bullish. First, the company has been adding mining capacity on a sustained basis. As of July,mining capacity was 5.3EH/s.\nFurther, Bitfarms expects to have zero debt in its balance sheet by February 2024. Additionally, the company reported a liquidity buffer of $48 million as of Q2 2023. With high financial flexibility, the company is positioned for aggressive expansion. This will translate into robust revenue growth and cash flow upside.\nOn the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nFaisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Fa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $572,526,069,750 - Hash Rate: 393261324.6401588 - Transaction Count: 506538.0 - Unique Addresses: 733810.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether fell during Thursday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. With a lack of positive news catalysts, Bitcoin could fall to the US$28,500 support level, but US$27,500 is also on the table, industry experts toldForkast. See related article:Weekly Market Wrap: Bitcoin plunges under US$30,000 amid market turbulence. Is US$27,000 next? Bitcoin was little changed during afternoon trading in Asia, trading at US$29,485 as of 4:30 p.m. in Hong Kong after it briefly rallied to US$30,057 during yesterday’s session. “Bitcoin and the broader crypto index generally broke lower in recent days. Bitcoin fell precipitously before rebounding back over US$29,000 but continues to get rejected at the US$30,000 level,” Lucas Kiely, chief investment officer of digital asset platform Yield App, toldForkast. “We seem to be moving further away from those levels, which indicates Bitcoin could move lower. US$28,5000 works as a key support level here. If Bitcoin falls below that price, it would likely fall to approximately US$27,500.” In the wider crypto market, Ether fell 0.32% during afternoon trading in Asia to US$1,850, remaining below the US$1,900 support level since July 23. The XRP tokenwas the day’s biggest loser in the top 10, falling 2.4% in the past 24 hours to US$0.6262, followed bySolana’s SOL token, down 1.26% to US$24.29. All other top 10 cryptocurrencies fell in the past 24 hours, except Tron’s TRX that rose 0.15% to US$0.07684. Total crypto market capitalization over the past 24 hours fell 0.85% to US$1.17 trillion while market volume decreased 23.42% to US$30.91 billion, according toCoinMarketCapdata. TheForkast 500 NFT indexfell 1.21% to 2,496.92 points in the 24 hours to 4:30 p.m. in Hong Kong and rose 0.73% during the week. Bitcoin’s 24-hour non-fungible token sales recovered after three consecutive days of declines, gaining 7.97% to US$308,469 with the network rising to the seventh largest blockchain by 24-hour NFT sales volume, according toCryptoSlam. Polygon-native NFT collection DraftKings remained the second-largest collection by 24-hour sales volume, but fell 71.14% to US$1.3 million, as Polygon remained the second-largest network by 24-hour sales volume, with NFT sales on the network down 56.88% to US$2.3 million. Mirroring the sales decrease, theForkast Pol NFT Compositefell 0.97% in the past 24 hours. “[DraftKings] are being driven by fantasy football packs in the Reinmakers series. Packs range from US$20 – US$9,999, and some with supplies of over 50k packs. You can see how with brands like DraftKings and NFL, and prices like that, how they can rack up millions of dollars in sales in a day,” said Yehudah Petscher, NFT strategist for Forkast Labs. Ethereum’s 24-hour NFT sales rose 2.02% to US$9.26 million, while sales for the largest Ethereum-native NFT collection, theBored Ape Yacht Club, rose 71.64% to US$1.34 million. DeGods rose 54.74% to US$738,121, becoming the third-largest collection by 24-hour sales volume across all blockchains, after the collectionannouncedthe beginning of season 3 today, which will introduce female DeGods NFTs, get rid of unpopular NFT traits and offering DeGods holders four generative art pieces. Among Forkast Labs NFT indexes, theForkast POL NFT Compositeand theForkast CAR NFT Compositewere the only ones in the red for the day. Major Asian equities recovered after yesterday’s slump, with Hong Kong’sHang Seng Index, Japan’sNikkei 225, theShenzhen Componentand theShanghai Compositeall posting gains. Investors worldwide now look forward to the release of U.S. consumer price index data for July, scheduled for tomorrow, to gauge the Fed’s future monetary policy decisions. Bloomberg analystsexpectthe core CPI to rise 0.2% in July, which would be the smallest monthly increase in the past two and a half years. Ahead of the inflation numbers, U.S. stock futures rose for a second consecutive day on Thursday, with the Dow Jones Industrial Average futures, the S&P 500 futures index and the tech-heavy Nasdaq-100 futures all rising higher. Over in Europe, equities rose for a second consecutive day, with the DAX 40 up 0.4% and the pan-European Stoxx 600 index up 0.38%. On the corporate front, investors are anticipating earnings from companies like Alibaba Group, Brookfield Corporation, Wheaton Precious Metals and Ralph Lauren corporation. See related article:Standard Chartered’s great expectations for Bitcoin in 2024 Updates with equities... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Lucas Jackson/Reuters US stocks finished the week mostly lower as investors digest mixed inflation data. While the July CPI report came in lower than expected, the producer price index was higher than economist estimates. The conflicting data will serve as a major input into the Federal Reserve\'s next interest rate decision. US stocks were mixed on Friday and finished the week mostly lower as investors digest inflationary data, which will serve as a major input into the Federal Reserve\'s next interest rate decision in September. The July consumer price index came in lower than economist estimates and showed a continued cooldown in inflation, while July producer price index came in hotter than economist estimates, though it did indicate most prices are falling from year-ago levels. Despite the conflicting data, investors still expect the Federal Reserve to pause their interest rate hikes at their September FOMC meeting, according to the CME FedWatch Tool. But that doesn\'t mean interest rate hikes are over, as the Fed is still awaiting the August CPI and jobs report to inform its decision. "The increase in wholesale prices serves as a reminder that the data-dependent Fed isn\'t ready to declare victory on its campaign to quell inflation," LPL\'s chief global strategist Quincy Krosby said. "Today\'s report offers the hawkish wing of the Fed more ammunition to advocate for another rate hike before the Fed is convinced it\'s reached its terminal rate." Here\'s where US indexes stood shortly at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,464.18, down 0.1% Dow Jones Industrial Average : 35,281.86, up 0.3% (+105.32 points) Nasdaq Composite : 1 3,644.85, down 0.68% Here\'s what else is going on today: Market pundits are growing confident that the Fed is not only done hiking interest rates, but that they could cut rates early next year. Apple has bought back more than $500 billion of its stock via buybacks since 2012, more than the worth of Visa, JPMorgan, and Exxon. Saudi Arabia is about to send more oil to China , even though it\'s slashed crude supply levels. The US housing market just hit a record value of $47 trillion as the inventory shortage fuels a price boom. Goldman Sachs\' ex-CEO called up his successor to complain after taking a $50 million hit on the bank\'s stock. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 0.40% to $83.15 a barrel. Brent , the international benchmark, jumped 0.32% to $86.68 a barrel. Gold fell 0.20% to $1,945.00 per ounce. The yield on the 10-year Treasury bond jumped six basis points to 4.17%. Bitcoin fell 0.23% to $29,360. Read the original article on Business Insider', '• US stocks finished the week mostly lower as investors digest mixed inflation data.\n• While the July CPI report came in lower than expected, the producer price index was higher than economist estimates.\n• The conflicting data will serve as a major input into the Federal Reserve\'s next interest rate decision.\nUS stocks were mixed on Friday and finished the week mostly lower as investors digest inflationary data, which will serve as a major input into the Federal Reserve\'s next interest rate decision in September.\nThe July consumer price index came in lower than economist estimates and showed a continued cooldown in inflation, while July producer price index came in hotter than economist estimates, though it did indicate most prices are falling from year-ago levels.\nDespite the conflicting data, investors still expect the Federal Reserve to pause their interest rate hikes at their September FOMC meeting, according to the CME FedWatch Tool. But that doesn\'t mean interest rate hikes are over, as the Fed is still awaiting the August CPI and jobs report to inform its decision.\n"The increase in wholesale prices serves as a reminder that the data-dependent Fed isn\'t ready to declare victory on its campaign to quell inflation," LPL\'s chief global strategist Quincy Krosby said. "Today\'s report offers the hawkish wing of the Fed more ammunition to advocate for another rate hike before the Fed is convinced it\'s reached its terminal rate."\nHere\'s where US indexes stood shortly at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,464.18, down 0.1%\n• Dow Jones Industrial Average:35,281.86, up 0.3% (+105.32 points)\n• Nasdaq Composite: 13,644.85, down 0.68%\nHere\'s what else is going on today:\n• Market pundits are growing confident that the Fed is not only done hiking interest rates,but that they could cut rates early next year.\n• Apple has bought back more than $500 billion of its stockvia buybacks since 2012, more than the worth of Visa, JPMorgan, and Exxon.\n• Saudi Arabia is about to send more oil to China, even though it\'s slashed crude supply levels.\n• TheUS housing market just hit a record value of $47 trillionas the inventory shortage fuels a price boom.\n• Goldman Sachs\'ex-CEO called up his successor to complain after taking a $50 million hiton the bank\'s stock.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 0.40% to $83.15 a barrel.Brent, the international benchmark, jumped 0.32% to $86.68 a barrel.\n• Goldfell 0.20% to $1,945.00 per ounce.\n• The yield on the 10-year Treasury bond jumped six basis points to 4.17%.\n• Bitcoinfell 0.23% to $29,360.\nRead the original article onBusiness Insider', "Investors are again pouring money into meme-focused cryptocurrency Shiba Inu ( SHIB ) in a sign of caution for bitcoin ( BTC ) traders. Open interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass . SHIB futures are sized at 1,000 SHIB per contract with up to 25 times leverage. SHIB's market value has jumped nearly 32% to $6.58 billion amid optimism that an impending layer-2 launch will help the cryptocurrency shed its meme-coin tag. An increase in open interest alongside a rise in market capitalization suggests an influx of new money in the SHIB market. This scenario has historically presaged weakness in bitcoin, the leading cryptocurrency by market value. Increased inflows into SHIB futures tend to occur at interim bitcoin price tops. (Coinglass) SHIB's open interest has risen above the $100 million mark at least seven times since its inception. The previous six spikes marked local bitcoin price tops. The pattern is consistent with traditional markets where outsized gains in meme stocks relative to defensive plays are seen as a contrary indicator for the broader market. Bitcoin, the leading cryptocurrency by market value, has traded dead flat near $30,000 this month amid the SHIB rally, CoinDesk data show. Past performance, however, is not a guarantee of future results and some analysts expect bitcoin to resume the uptrend.", "Investors are again pouring money into meme-focused cryptocurrency Shiba Inu (SHIB) in a sign of caution for bitcoin (BTC) traders.\nOpen interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according todata source Coinglass. SHIB futures are sized at 1,000 SHIB per contract with up to 25 times leverage.\nSHIB's market value has jumped nearly 32% to $6.58 billionamid optimismthat an impending layer-2 launch will help the cryptocurrency shed its meme-coin tag.\nAn increase in open interest alongside a rise in market capitalization suggests an influx of new money in the SHIB market. This scenario has historically presaged weakness in bitcoin, the leading cryptocurrency by market value.\nSHIB's open interest has risen above the $100 million mark at least seven times since its inception. The previous six spikes marked local bitcoin price tops.\nThe pattern is consistent with traditional markets where outsized gains in meme stocks relative to defensive playsare seen asa contrary indicator for the broader market. Bitcoin, the leading cryptocurrency by market value, has traded dead flat near $30,000 this month amid the SHIB rally, CoinDesk data show.\nPast performance, however, is not a guarantee of future results and someanalysts expectbitcoin to resume the uptrend.", "Investors are again pouring money into meme-focused cryptocurrency Shiba Inu (SHIB) in a sign of caution for bitcoin (BTC) traders.\nOpen interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according todata source Coinglass. SHIB futures are sized at 1,000 SHIB per contract with up to 25 times leverage.\nSHIB's market value has jumped nearly 32% to $6.58 billionamid optimismthat an impending layer-2 launch will help the cryptocurrency shed its meme-coin tag.\nAn increase in open interest alongside a rise in market capitalization suggests an influx of new money in the SHIB market. This scenario has historically presaged weakness in bitcoin, the leading cryptocurrency by market value.\nSHIB's open interest has risen above the $100 million mark at least seven times since its inception. The previous six spikes marked local bitcoin price tops.\nThe pattern is consistent with traditional markets where outsized gains in meme stocks relative to defensive playsare seen asa contrary indicator for the broader market. Bitcoin, the leading cryptocurrency by market value, has traded dead flat near $30,000 this month amid the SHIB rally, CoinDesk data show.\nPast performance, however, is not a guarantee of future results and someanalysts expectbitcoin to resume the uptrend."]... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $572,431,782,600 - Hash Rate: 434931398.7742153 - Transaction Count: 503934.0 - Unique Addresses: 703004.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Investors would have benefited more from buying and holding bitcoin ( BTC ) than from investing in crypto hedge funds during the first half of 2023, according to a research report from Swiss-based crypto investment adviser 21e6 Capital. Crypto funds returned an average of 15% during the period versus an 83% gain for bitcoin, according to 21e6 Capital data provided to Bloomberg . Funds with directional strategies returned an average of 22%, well below bitcoin but above the 6.8% return on market-neutral strategies that often attempt to follow market trends, a difficult proposition in choppy markets. The funds struggled against the sudden closure of multibillion-dollar crypto exchange FTX in November , the closure of three crypto-friendly banks earlier this year and the continued turbulence around potential regulations. “It is plain to see that a simple buy-and-hold investment into bitcoin would have outperformed all of these fund baskets. Bitcoin added about 80% in value by the half of the year,” 21e6 Capital due diligence manager Jan Spörer and sales and marketing head Maximilian Bruckner wrote in the report. “In previous bull runs, crypto hedge funds were frequently able to significantly outperform the bitcoin benchmark. How can underperformance among professionally managed crypto funds be such a widespread phenomenon?” The complex answer involves the fact that crypto hedge funds went into the year with larger-than-typical cash positions to help mitigate risks after the collapse of FTX, which made reaction times slower. The underperformance of altcoins — or cryptocurrencies not named bitcoin or ether ( ETH ) — also took a toll on hedge funds. 21e6 Capital tracks more than 700 crypto funds globally as well as the regulatory performance reports of 123 funds across 70 firms. The underperformance has led to the closure of about 97, or 13%, of those crypto hedge funds, according to the Bloomberg data. One example is crypto investment firm Galois Capital, which announced its closure in February because of its heavy exposure to FTX. Other hedge funds shut down underperforming funds.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['SAN SALVADOR, El Salvador (AP) — Douglas Guzmán\'s TikTok feed was dotted with workout routines and videos showcasing his favorite parts of his country.\nThat changed about a year ago, as rights groups, civil society and even some officialscriticized El Salvador\'s President Nayib Bukeleforviolating human rightsin his crackdown on criminal gangs, and said that his unconstitutional bid for re-election would corrode the country’s democracy.\nWithin days of Bukele announcing his bid for a second five-year term, Guzmán’s feed wasplastered with videosdescribing Bukele as the “future liberator of Latin America” and slick montages of the leader’s “mega-prison” for accused gangsters.\nViews on the social media influencer’s videos skyrocketed. The 39-year-old member of Bukele\'s party said he found a new mission: counteracting negative press from independent media about hispopulist president.\n“(Journalists) don’t know anything. All they do is sit at their desks and watch as President Bukele … makes a massive effort to save thousands of lives. But they don’t see that because they’ve never cared about the lives of Salvadorans,” Guzmán said. “That’s why we’re here. To show the true reality.”\nGuzmán is part of an expanding network of social media personalities acting as a megaphone for the millennial leader. At the same time Bukele has cracked down on the press, his government has embraced those influencers. As the president seeks tohold onto power, he has harnessed that flood of pro-Bukele content slowly turning his Central American nation into an informational echo chamber.\n“A news organization doing an investigation can’t compare to the sounding board that these influencers have because they flood your social media with the government’s narrative,” said Roberto Dubon, a communications strategist and congressional candidate for Bukele’s former party, FMLN. “What you have is an apparatus to spread their propaganda.”\nBukele, a 42-year-old leader often donning a backwards baseball cap, worked years in political advertising before social media became a key to hisrise to powerfive years ago. Since, his approval ratings have soared to 90%, according to a June CID Gallup poll. Bukele\'s modern political messaging, charisma and brutal crackdown on the country\'s gangs only continue towin him fansdomestically and abroad even in the midst of controversy.\nBy doing so, Bukele is using a playbook increasingly utilized by 21st century autocrats, said Seva Gunitsky, a political scientist at the University of Toronto.\nSocial media was once hailed as the ultimate democratictool to organize protests, even revolutions, across the world. Now, governments fromRussiatoUgandaare now using it to control the narrative.\n“They use this tool of liberation technology to actually prolong and strengthen their rule,” Gunitsky said. Such governments use influencers because their content “doesn’t look as much like propaganda and is more about shaping the narrative in more subtle ways.”\nUnder Bukele, El Salvador constructed a sophisticated communications machine. It locked down access to information out of line with official messaging and hired teams of former journalists to produce blockbuster-quality videosshowcasing security forcestaking on the nation’s gangs. The government also mimicked Russia,building an armyof tech-savvy contractors – or “trolls” – to create fake social media accounts, spread falsities and harass critics.\nAt the same time his message of a strong-handed response to gang violence rippled across the region, gaining traction in other nations struggling with crime across Latin America and Caribbean.\nWith it, an “entire industry” has been born as influencers latch onto the president\'s image, said Oscar Picardo, director of investigations at El Salvador’s Universidad Francisco Gavidia.\nA study by Picardo\'s university and local investigative outlet Factum examined 69 pro-Bukele YouTube accounts, which collectively have more followers than the population of El Salvador. They found many accounts – which make money through view and subscriber counts – can earn up to tens of thousands of dollars a month, far greater than El Salvador\'s average salary. That content is devoured both within El Salvador, and by many of the 2.3 million Salvadorans living in the United States.\nThe cluster of accounts pumped out nearly 32 hours of pro-Bukele content in a single day in May, the study found. Almost always mirroring government language, 90% of the videos analyzed contained false or misleading information.\nOne account,Noticias Cuscatlecas, may earn much as $400,000 annually posting videos of violent attacks from alleged gang members layered over chilling music, UFG and Factum calculated.\nThe channel often concludes videos with the samemessage: “(Bukele) devised a plan to exterminate this cancer from society, and the incredible thing is that he is succeeding. Now the people no longer live in fear."\nOn TikTok, one videodeclares“God chose Bukele as president of El Salvador.” On YouTube, personalities dressed as TV anchors attack human rights groups and journalists. They feature Bukele’s criticsbursting into flameswhileclaimingtheir channel “brings you the latest news”. Others sit down for an exclusiveinterviewwith the president.\nIn April, the president of El Salvador\'s congress Ernesto Castro announced he was opening the assembly to YouTubers and social media influencers to “inform with objectivity.”\n“The right to inform and be informed is a power not just in the hands of media companies,” Castrowroteon Twitter.\nRequests by the AP for interviews with Bukele and his cabinet throughout his more than four years in office have been declined or ignored. Two people with knowledge of the inner workings of Bukele’s media machine declined to speak to the AP out of fear of the government.\nFor Guzmán and others, the access was empowering, enabling them to grow their audiences. Since, Guzmán has been offered access to other large events like the inauguration of Central American and Caribbean Games, something experts say Bukele used toshow a friendly faceto the world.\nPress credentials hung around the TikToker\'s neck and he brimmed with pride in a government press box, standing among other selfie stick-wielding influencers.\n“Us being here, accredited, I feel like I am a part of this,” Guzmán said, eyes crinkling with a broad smile.\nAround him, others took turns interviewing each other and bragged about how many people were connected to their feeds. One man wearing a Hawaiian shirt leapt over rows of bleachers to get a better signal. When Bukele walked on stage to give a speech, Guzmán and others chanted “Re-election!”\nEl Salvador\'s government isnot the first to open its doorsto social media personalities, but researchers and critics says the atmosphere created in El Salvador marks a particular risk as other leaders in the region seek tomimicBukele.\nPicardo, the UFG investigator, said such accounts post a deluge of content when the government is trying to publicize something, like the leader\'sexperimentwith Bitcoin, its gang crackdown or the Games.\nThe researcher warned their increasingly hostile tone acts as a harbinger for further deteriorating press freedoms, echoing State Department alarms of a “villainization” of journalists by Bukele.\nOscar Martínez\'s award-winning news organization El Faro is among those facing attacks and harassment for its intensive investigation of Bukele, including audio evidencing that Bukele’sadministration negotiated with gangsin order to dip violence.\nThe government opened a case against El Faro for tax evasion, something the news site called “completely baseless.” Phones of dozens of journalists werehackedwith Pegasus spyware, regularly used by governments to spy on opponents.\nIn April, El Faro announced it would move its center of operations to Costa Rica due to escalating harassment.\nHe worries their investigations is being drowned out by the flood of disinformation, and said if Bukele stays in power in the upcoming elections, it will put reporters in El Salvador “much more at risk.”\n“At that moment, Bukele is going to decide to get rid of any obstacle he has within the country, and the main obstacle he has right now is the free press," Martínez said.', 'SAN SALVADOR, El Salvador (AP) — Douglas Guzmán\'s TikTok feed was dotted with workout routines and videos showcasing his favorite parts of his country. That changed about a year ago, as rights groups, civil society and even some officials criticized El Salvador\'s President Nayib Bukele for violating human rights in his crackdown on criminal gangs, and said that his unconstitutional bid for re-election would corrode the country’s democracy. Within days of Bukele announcing his bid for a second five-year term, Guzmán’s feed was plastered with videos describing Bukele as the “future liberator of Latin America” and slick montages of the leader’s “mega-prison” for accused gangsters. Views on the social media influencer’s videos skyrocketed. The 39-year-old member of Bukele\'s party said he found a new mission: counteracting negative press from independent media about his populist president . “(Journalists) don’t know anything. All they do is sit at their desks and watch as President Bukele … makes a massive effort to save thousands of lives. But they don’t see that because they’ve never cared about the lives of Salvadorans,” Guzmán said. “That’s why we’re here. To show the true reality.” Guzmán is part of an expanding network of social media personalities acting as a megaphone for the millennial leader. At the same time Bukele has cracked down on the press, his government has embraced those influencers. As the president seeks to hold onto power , he has harnessed that flood of pro-Bukele content slowly turning his Central American nation into an informational echo chamber. “A news organization doing an investigation can’t compare to the sounding boar Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $571,640,041,362 - Hash Rate: 351591250.5061022 - Transaction Count: 497112.0 - Unique Addresses: 650366.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This is David Z. Morris, filling in for Michael Casey to talk about so-called artificial intelligence, the threats it poses to the future – and how crypto could help mitigate them. As Michael would surely agree, there are no real days off in crypto. I was reminded myself when I recently spent a long weekend at the fantastic Readercon fiction convention. Inevitably, I missed some important crypto stories , but I also got some up-close insight into another looming novelty: the existential threat that automated large language models (LLMs) like GPT3 pose to the entire internet. You’re reading Money Reimagined , a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletter here . That might sound hyperbolic. But at Readercon, I met Neil Clarke, founder and editor of the top-tier science fiction magazine Clarkesworld , which along with other fiction publications has become a canary in the coal mine of A.I. run amok. The rise of ChatGPT has inundated these journals with a flood of fake GPT-generated story submissions, a plague so severe Clarkesworld was forced to temporarily pause submissions this February, threatening the work and livelihoods of real authors. “I’ve been calling it spam,” says Clarke, “Because that’s what it is. I sometimes refuse to even call it ‘artificial intelligence.’ You can’t humanize these things. It’s not like the science fiction of movies where it’s aware. It’s a statistical [language] model.” The mention of spam should raise the antenna of longtime cryptocurrency watchers: the same problem lay at the very origins of Bitcoin. Between 1998 and 2002, computer scientist Adam Back developed the concept of “Hashcash,” primarily intended to combat e-mail spam by requiring a tiny payment to send one. Back and his ideas became foundational to the development of Bitcoin, and he’s now CEO of crypto developer Blockstream. Two decades later, with robotic barbarian hordes poised to swamp human communication systems, it might be time to revisit the Hashcash concept. Large Language Hustlers “ChatGPT came out in late November,” Clarke says, “And we immediately started seeing submissions using it. The first people to adopt it were the ones already submitting plagiarized works. It was readily embraced by people who were trying to make a quick buck off other people’s work.” As they faced down the spam problem, Clarke says he and his team quickly realized the attack was coordinated. YouTube and TikTok channels focused on get-rich-quick schemes were promising viewers they could make thousands of dollars by submitting GPT-generated stories to fiction magazines like Clarkesworld. Clarkesworld pays a few hundred dollars per story, depending on length – not much more than beer money in some parts of the world, but extremely meaningful in others. Story continues Those fraudulent promises from online grifters seem to have spread fast. Clarke says he received 54 AI-generated submissions in December. In January, he got 117 fake stories. In February, the number hit 514 before Clarke closed submissions midday on February 20. “And that morning alone,” he says, “we had 50.” Clarkesworld has a small staff, who normally review about 1,100 submissions a month. So the accelerating flood of trash threatened to overwhelm them, and solutions weren’t obvious. “We have an open submission process, specifically designed to welcome in new writers and new voices,” says Clarke. “So we could close submissions from certain locations [to fight spam], but we also have legitimate authors coming in from those countries. And we’ve been told things like, ‘The payment for this story will cover my bills for a month.’” “Authors like that are getting buried. The A.I. submissions hurt new authors, and authors who might not be from communities that are well-connected.” This is one clear way auto-generated content threatens to make the internet worse for human beings – particularly those at the margins. “If you go back 15 or 20 years when we took submissions on paper,” Clarke says, “just the cost of postage was enough to decrease submissions from outside the U.S., Canada, and U.K. substantially. And as soon as you have digital submissions, we had this flood of international submissions.” That has led to a huge diversification of the fiction world – a creative renaissance that’s now threatened by the rise of LLMs. Clarke is also a coder, which gave him useful tools for addressing the spam challenge. He began associating more metadata with submissions, such as whether they came through a VPN and the length of the user’s session. These and other criteria are now used as part of a “points system” that places stories more likely to be fake further down a review queue. This helps real authors get read first, but also ensures that every submission is eventually reviewed. Finally, if a story is determined to be LLM-generated, the submitter is permanently banned from the system. Those measures have helped Clarkesworld reopen submissions, for now – but a continued rise in the volume of spam they’re dealing with would mean the solution is only temporary. “Worse than the Worst Human Writer” One important aspect of Clarke’s experience is that the actual quality of the robotic submissions has been abysmally low. They’re almost instantly recognizable to a human reader, and have no actual chance of being published. “ChatGPT3 was writing at a level below the worst human writers,” says Clarke, who after two decades as an editor knows exactly what the worst looks like. “GPT4 is getting closer to the worst human writers, but even that’s still rare.” “The common thing is that they have perfect grammar, they have perfect spelling,” Clarke continues. “But the stories themselves don’t make a lot of sense. They jump over important things. They’ll start out with a basic premise, like ecological collapse, and introduce some scientists who can solve the problem, and then suddenly they’ve solved the problem. It’s missing the middle of the story, and bookending it with stereotypical openings and closings, done very poorly.” That sounds a lot like Ted Chiang’s recent characterization of ChatGPT’s output as “a blurry JPEG of the internet.” This manifest crappiness happily debunks much of the brain-dead hype around LLMs. But it also makes the image of talented (and wildly underpaid) editors being forced to sift through the dross all the more depressing. The Promise of Small, Refundable Fees Another option for reducing spam submissions is a submission fee. Clarke says he has no desire or plan to implement a fee, thanks to overriding ethical and creative concerns. In particular, a submission fee could limit access, which the community of science fiction writers strongly opposes. But beyond that, the technical shortcomings of current global payments infrastructure also make charging an anti-spam fee impractical, even if Clarke wanted to. For instance, Clarke says to charge a submission fee, he would need to be able to refund it, for instance to writers whose stories were accepted, or simply not AI-generated. An ideal spam-blocking fee would also be quite small – certainly far lower than the $25 or $30 worth of postage that was keeping away developing-world authors in the pre-internet era. But there’s no way to do that with current tech. “Tell me a credit card company where I can refund almost all of it. I’d lose the account,” says Clarke. As any good crypto bro knows, credit cards also don’t play well with small payments. But those aren’t even the biggest issue. “There are also problems with trying to take payments in different parts of the world,” Clarke continues. “There are a number of African countries that credit card companies won’t work with. So that would eliminate authors. I’ve also had people suggest identity services, but those also have nation-sized holes in them. We need something that works for everybody.” If you’re reading this, you already know where we’re headed: at least in principle, cryptocurrency and related systems could help mitigate Clarkesworld’s fake submission problem. Requiring a small payment for all submissions would reduce low-quality submissions, lightening editors’ workloads, and compensating them for the spam that did come in. Because payments could be cheaply, quickly, and easily returned to real authors, the cost to actual human writers would be marginal. And because these systems are not confined by national borders, no real writers would be crowded out by the robo-regurgitators. Though it would take considerable elaboration, some version of the same system may someday serve parallel purposes in less boutique settings. One can imagine a Steem-like system of staking incentives being used to punish automated posting on forums or social media, for instance. More elaborate decentralized identity systems, such as SpruceID , are more challenging and, for now, more nascent, but could have even more profound potential. To be clear, none of this should be necessary. LLMs are quickly being revealed as little more than parlor tricks, whose real utility is probably limited, at least in the near term, to short-form customer service and clickbait entertainment. (Take for instance CNET’s disastrous experiment with using GPT to write news articles). The technology’s biggest impacts are instead seen in the spread of fourth-rate gibberish that wastes the time and brainpower of all the actual humans involved. But if this is what the god-princes of Silicon Valley see as the next frontier of venture capital riches, then it is the world we’ll have to live in. At the very least, crypto offers one hope for fighting back. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dipped slightly Monday morning in Asia, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 non-stablecoin cryptocurrencies by market capitalization were little changed. The exceptions were Dogecoin, which saw a significant dip, and Shiba Inu. The dog-themed memecoin surged ahead of its upcoming layer-2 network launch. Elsewhere, the Forkast 500 NFT index dropped after a week of green ink, while risk sentiment in U.S. equities improved as traders assess the latest inflation data. Investors now await a raft of earnings reports throughout the week.\nBitcoin dipped 0.10% in the last 24 hours to US$29,375.75 as of 5:45 a.m. in Hong Kong but added 0.96% for the week, according to CoinMarketCapdata. The world’s largest cryptocurrency hovered around the same price level throughout the weekend.\nEther was up 0.11% to US$1,849.50 for a weekly gain of 1.00%.\nAnalysts continue to predict a market upswing ahead of various U.S. application rulings for spot Bitcoin exchange traded funds (ETFs).\nIn June 2023,BlackRockand a number of major U.S. financial institutions filed applications with the U.S. Securities and Exchange Commission (SEC) to create spot Bitcoin ETFs. The SEC has previously rejected several spot Bitcoin ETF applications, citing concerns about market manipulation and volatility. However, the recent burst of applications has raised hopes that investors may soon see a spot Bitcoin ETF.\nThe SEC was expected to announce its decision onArk Investment’sSpot Bitcoin ETF application on Aug. 13. However, the regulator said in aFriday filingthat it will solicit public comment on the ETF proposal, effectively pushing back the deadline.\n“Although the chances of imminent ETF-related news are slim, any announcement would likely have a more pronounced effect on BTC than on ETH,” said Luuk Strijers, chief commercial officer of Panama-based crypto derivatives exchange Deribit.\n“We are observing a slight uptick in BTC, especially visible versus ETH. A potential catalyst for this could be the looming ETF news on the shorter term and the halvening impact on the longer run,” Strijers added.\nBitcoin’s next halving event is expected to take place in April 2024. The halving event will see the amount of new Bitcoin issuedcut in half, increasing its scarcity. This is widely anticipated to produce a surge in the token’s price.\nOther top 10 non-stablecoin cryptocurrencies were largely static Monday morning, with the exception of memecoins Dogecoin and Shiba Inu.\nWhile Dogecoin dropped 2.11% to US$0.07524, slipping 0.25% in the last seven days, the Shiba Inu memecoin briefly cracked CoinMarketCap’s top 10 cryptocurrency list over the weekend. It pushed Polkadot’s DOT down to eleventh in terms of market capitalization. The meme token then fell 3.01% to US$0.00001042 over the past 24 hours, but still recorded an 11% gain for the week.\nThe developers behind Shiba Inu are expected to launch its layer-2 network, Shibarium, at an unspecified date in the near future. The update aims to provide self-sovereign identity (SSI) protocols for improved user security, according to aShiba Inublog post uploaded on Aug. 6.\nThe total crypto market capitalization grew 0.09% in the past 24 hours to US$1.17 trillion, while trading volume also increased 7.08% to US$17.82 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe main Forkast 500 NFT index fell 0.52% in the past 24 hours to 2,480.44 as of 06:45 a.m. in Hong Kong. However, it recorded a 0.95% gain for the week. Meanwhile, Forkast’s Ethereum NFT Index logged gains, while the indexes measuring the Polygon, Cardano and Solana NFTs showed losses.\nTotal NFT trading volume dropped 5.35% in the past 24 hours to over US$13.92 million, according to data fromCryptoSlam.\nSales volume on Ethereum, the largest NFT network, dipped 1.75% to US$8.63 million. Solana and Polygon, which placed second and third on Cryptoslam’s NFT blockchain ranking respectively, also logged losses.\nIn terms of NFT collections, trade volume of Ethereum-based DeGods surged 133.20% to US$1 million. That followed the launch of its “Season 3” digital art collection Sunday. The update features a more simplistic, pop-art inspired style.\n“I’m expecting [the trade volume] to ramp up quite a bit, honestly, I think the reception for the artwork has been rather great,” said Yehudah Petscher, NFT strategist for Forkast Labs, adding that the collection release had postponed scheduled updates for female avatars.\n“Let’s watch over the next couple of days, see how the community, the NFT collectors, take to this artwork and how they take to the delays,” he said.\nNFT staple Bored Ape Yacht Club added 2.90% to US$903,726, placing second on CryptoSlam’s collection ranking.\nMeanwhile, the FC Barcelona soccer clubannouncedlast Friday that it has secured around US$132 million from global investment holding company Libero Football Finance AG and European investment company Nipa Capital B.V. The investment will be used to expand the club’s NFT and metaverse initiatives, the announcement confirmed.\nU.S. stock futures fell as of 11:00 a.m. in Hong Kong on Monday morning after the three main indexes closed mixed on Friday. The main Asian equity indexes — \u200b\u200bChina’s Shanghai Composite, Hong Kong’s Hang Seng, Japan’s Nikkei and South Korea’s Kospi — all posted losses during Monday morning trading.\nGlobal markets continue to process China’s release last week of downward trending economic data. Consumer prices for July weredownon the year before, while July’s year-on-year export data alsofellmore sharply than expected. Investors now await China’s national retail sales and industrial output data — set for release Tuesday — for further indicators of potentialdeflation.\nAt a fundraiser in Utah Thursday, U.S. President Joe Biden appeared to fan the flames of Sino-U.S. tension by referring to China’s reported economic woes. The Chinese economy, hesaid, “is a ticking time bomb” and “in trouble.”\nIn the U.S, Friday’s release of the latest producer price index (PPI) data — a key inflation indicator that monitors selling prices received by domestic producers of goods and services — recorded a rise for July. The 0.3% rise is slightly higher than the 0.2%forecastby analysts.\nDespite that rise, the overall expectation is for the U.S. Federal Reserve to pause its cycle of interest rate hikes when it next meets in September. However, some market analysts continue to sound a note of caution, warning that hikes could continue until inflation slows to the Fed’s 2% target.\n“Unfortunately, I don’t think the picture on any of this will be clear for at least two quarters, though the fact that inflation has come down has bought the Fed some time, for now,” Jonathan Millar, a senior economist at London-based financial group Barclays Capital Inc.,toldBloomberg.\n“The Fed seems to be well ahead of markets in recognizing that the path to a soft landing is far from assured,” Miller added.\nThe Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level in the past 22 years. Analysts at the CME FedWatch Tool predict a 88.5% chance there will be no interest rate hike in September, down from 89.0% last\xa0 Friday.\nInvestors now await more earnings reports expected later this week, including quarterly results from U.S. retail leaders including Walmart, Home Depot and Target.\n(Updates to add equities section)', "• Information security firm Distrust says a total of at least $900,000 was stolen across multiple blockchains.\n• Hackers were able to exploit a vulnerability in the Libbitcoin explorer, an open-source command line tool or text interface used by Bitcoin developers to produce cryptographic keys and communicate with the blockchain.\nIn 2011, just two years after Bitcoin was launched, British-Iranian anarchist developer Amir Taakia and a group of open-source coders created an alternative to Bitcoin Core – the original and still the most popular way of connecting to the Bitcoin network.\nThat alternative piece of software, branded Libbitcoin, has now evolved into a comprehensive suite of tools – a library – for critical functions like communicating with the Bitcoin blockchain and generating cryptographic keys.\nIt was even featured in Bitcoin educator Andreas Antonopoulos’s popular and arguably canonical bookMastering Bitcoin.\nBut after roughly $900,000 disappeared from various user wallets over the past few months, Libbitcoin, once presumed secure, has turned out to be unsafe.\nHere’s how the latest saga unfolded, according to a report onmilksad.info, which details the findings ofDistrust, the security firm that discovered the vulnerability in July, assisted by a group of independent contributors.\nAt some point in May, hackers began secretly stealing funds from unsuspecting users after discovering an obscure vulnerability in a number of wallets generated by the Libbitcoin explorer, calledBX.\nThe vulnerability was dubbed “Milk Sad” because “milk” and “sad” werethe first two wordsin a wallet-recovery seed phrase generated by the vulnerability, the report states.\nThe most significant heist – 29.65 bitcoin (BTC) worth about $870,000 at current rates – took place July 12. Distrust says a total of at least $900,000 was stolen across multiple blockchains, including from some of the roughly 2,600 bitcoin wallets affected by the vulnerability.\nHardware wallets like Trezor and Ledger seem to have been unscathed, but there are still a number of wallets at risk, and the full extent of money stolen is “yet to be determined,”accordingto an Aug. 8 tweet by Anton Livaja, a member of the Distrust team.\nBX comes with a text command called “bx seed” that uses the clock on a developer’s computer to produce a seed phrase for creating a wa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $572,363,259,588 - Hash Rate: 445348917.3077294 - Transaction Count: 568517.0 - Unique Addresses: 723900.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Crypto exchange Binance today said it had set up Lightning nodes on the Bitcoin network to eventually offer Lightning-based bitcoin deposit and withdrawal services to users, as per a Tuesday tweet . Binance is working to integrate the Bitcoin Lightning Network for deposits and withdrawals, the exchange tweeted. However, there's still more tech work to be done. We'll update once Lightning is fully integrated. The Lightning network is dubbed a second layer of the Bitcoin blockchain, which serves to speed up transaction times and decrease network congestion. It achieves this by setting up payment channels that conduct off-chain transactions between users with fees of a few cents. In May, Binance said it would integrate the Lightning network to ease deposit and withdrawal activity for users. Binance had temporarily paused bitcoin withdrawals citing network congestion at the time which led to concerns among users around the exchanges reserve funds. Exchanges Kraken and Bitfinex already offer Lightning network services to users, and Coinbase CEO Brian Armstrong suggested in an April tweet that the exchange would offer Lightning network to users in the future. The Lightning network holds just under $145 million worth of bitcoin meant for quick payments as of Tuesday morning, data shows .... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin edged higher on Tuesday morning in Asia but failed to breach the US$29,500 resistance level. Ether also edged up, while other top 10 non-stablecoin cryptocurrencies traded flat to higher. Solana’s SOL led the winners. As risk sentiment improved in the wake of weak U.S. inflation data, last week saw an inflow for digital asset investment products after three consecutive weeks of outflows. Meanwhile, the Forkast 500 NFT index moved up after the NFT market logged the largest weekly total transactions since February 2022. U.S. stock futures traded mixed after Wall Street closed higher Monday on the back of a rally led by chipmaker Nvidia.\nBitcoin edged up 0.35% in the last 24 hours to US$29,408.45 as of 07:30 a.m. in Hong Kong, and logged a weekly gain of 0.91%, according toCoinMarketCapdata. The world’s leading cryptocurrency reached a high of US$29,660.25 early Tuesday morning.\nBitcoin’s price has remained largely within the $29,000 to $30,600 range for the past seven weeks, causing frustration among investors seeking higher rewards. However, low volatility could be a blessing in disguise, Nigel Green, founder and chief executive officer of financial management group deVere, said in an emailed statement.\n“This newfound stability attracts institutional investors, who have been historically wary of entering the market due to its extreme price swings,” Green said.\n“This stability is also a boon for businesses and consumers looking for a reliable store of value or medium of exchange,” he added.\nMatteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, said in an emailed note that low volatility does not necessarily mean low investor interest in the coin.\nGreco pointed to the Bitcoin long-term holder level — a metric that measures the percentage of Bitcoin holders who have held the coin for over 155 days —which reached itshighest ever levelover the first week of August.\n“The data shows how the vast majority of BTC holders did not execute trades in the last few months, as the low volumes and the almost inexistent volatility recorded in the last two months suggest,” said Greco.\n“These numbers are also typical to be observed during the summer months, especially July and August, and do not reflect a decrease in investors’ interest towards the digital asset market,” he added.\nMeanwhile, digital asset investment products saw an inflow of US$29 million in the week ending August 11. That followed three consecutive weeks of outflows totalling around US$144 million, according to a Mondayreportby European alternative asset manager CoinShares. Bitcoin saw an inflow of US$27 million — roughly 93% of the total inflows.\nThe inflows to digital asset investment products are “likely due to the recent U.S. inflation data, which was slightly below expectations, signifying that a September rate hike is less likely,” CoinShares wrote in the report.\nAlong with Bitcoin, Ether gained 0.22% to US$1,844.14 and added 1.05% for the past seven days. Other top 10 non-stablecoin cryptocurrencies all traded higher with the exception of Dogecoin, which inched 0.06% lower to US$0.07477 but gained 2.05% for the week.\nSolana’s SOL led the winners, rising 3.50% to US$25.17 for a 9.42% weekly gain.\nSynesis One, an artificial intelligence (AI) data crowdsourcing platform based on the Solana blockchain, launched its new train-to-earn application “Workspace by Synesis” on Monday.\nThe app allows users to train AIs as data providers while earning cryptocurrencies as rewards. This process, Synesis One claims, will result in a “fully traceable and auditable” data supply chain.\nOutside the top 10 cryptos, HBAR, the utility token of distributed ledger technology platform Hedera Hashgraph, saw its price surge 13.59% in the past 24 hours to US$0.06666. That contributed to a weekly jump of 12.89%.\nHBAR received a boost after Dropp, a Hedera-based micropayments application, wasaddedto the U.S. Federal Reserve’s instant payments platform FedNow. The Fed-run service allows merchants to “accept small-value purchases digitally without paying large transaction fees” following its launch in July.\nThe total crypto market capitalization moved up 0.40% in the past 24 hours to US$1.17 trillion, while trading volume rose 47.95% to US$28.52 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexmoved up 0.39% in the past 24 hours to 2,486.89 as of 09:50 a.m. in Hong Kong, and notched a 0.27% gain for the week. Forkast’s Ethereum and Polygon NFT indexes also logged gains, while the indexes for Solana and Cardano dropped.\nTotal NFT trading volume rose 22.88% in the past 24 hours to over US$16.48 million, according to data fromCryptoSlam. Volumes on the Ethereum, Solana, Polygon, and Cardano blockchains all logged gains, while volume on the Bitcoin blockchain dipped.\nIn the week ending August 13, NFT sales topped US$101 million after sitting short of US$100 million for three consecutive weeks. Meanwhile, NFT transactions for the week totaled more than 2.80 million, a high not seen since February 2022.\nYehudah Petscher, NFT Strategist at Forkast Labs, commenting on the past week’s surge in NFT sales, said that he saw the emergence of low-priced collections as key to a sustained potential uptick in the market.\n“We’re getting a glimpse of the future of NFTs. More affordable prices, higher volume, likely big brands and this is what we’re seeing in DraftKings, DMarket, Gods Unchained, and Sorare,” said Petscher.\nCombined, Petscher noted, those three collections alone notched 872,185 transactions — nearly a third of the week’s total transactions.\n“The question is, is this sustainable? I think it is, and that’s exactly why this will be the future. Traders haven’t really left NFT, they just ran out of liquidity since there’s no profits. But they can afford NFTs that are priced at just a few dollars,” Petscher added.\nAmong NFT collections, Ethereum-based DeGods saw the largest 24-hour sales volume. The collection surged 144.25% to over US$2.21 million after the projectlaunchedits “Season 3” digital art collection on Sunday.\nRather than introducing new NFTs, Season 3 allows its holders to upgrade their original DeGods NFT and receive four generative artworks.\nMythos Chain-based DMarket and ImmutableX-based Gods Unchained — two video game-adjacent collections — came in second and third place in terms of 24-hour sales volume.\nMeanwhile, global beverage giant Coca-Cola Company introduced its “Masterpiece” NFT collection on Monday. The collection combines classic and contemporary art pieces with virtual coca-cola bottles, the company said.\nThe collection is issued on the Base blockchain, an Ethereum layer-2 network recentlylaunchedby crypto exchange Coinbase.\nU.S. stock futures traded higher as of 11:20 a.m. in Hong Kong following gains at the close of trading Monday. The tech-heavy Nasdaq led the gains with a rise of 0.34%.\nIn Asia, the main stock indexes traded mixed on Tuesday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng and South Korea’s Kospi all logged losses, while Japan’s Nikkei moved higher.\nArtificial intelligence (AI) chipmaker Nvidia Corporation posted a rise of 7.09% on Monday, its highest daily rise since May. That jump followed a note from multinational investment bank Morgan Stanley that described the U.S. tech giant as its “top pick” amid a “massive shift in spending towards AI.”\nNvidia’s highly anticipated quarterly earnings report is due for release next week.\n“It’s the first day in a while that tech has really significantly outperformed,” Jay Hatfield, CEO of U.S.-based investment advisor Infrastructure Capital Advisors,toldReuters.\n“That’s indicative of the fact that you have this blockbuster Nvidia report coming up and that could support the tech market pretty substantially,” Hatfield added.\nU.S. investors now await the release of retail sales data on Tuesday, followed by the U.S. Federal Reserve’s July meeting minutes on Wednesday, for further insight on the health of the U.S. economy and the Fed’s future monetary policies.\nThe Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level since January 2001. Analysts at theCME FedWatch Toolpredict a 88.5% chance there will be no interest rate hike in September.\nElsewhere, China’s central bank unexpectedly lowered the rate of its medium-term lending facility (MLF) by 15 basis points to 2.5% on Tuesday, only two months after the previous rate cut in June.\n“The slightly earlier timing and a larger than expected 15 basis point rate cut of MLF show that Beijing feels the urgency to take more policy easing actions to stabilize expectations and growth,” Xiaojia Zhi, chief China economist at international banking group Credit Agricole,toldBloomberg.\nZhi added that China could see more monetary easing in the coming months.\nThe decision was announced shortly before China’s National Bureau of Statisticsreporteddisappointing economic data for July. That data included a rise in the urban unemployment rate, as well as decelerated and smaller-than-expected growth in retail sales and industrial production, according to theWall Street Journal.\n(Updates with equities section.)', 'Bitcoin edged higher on Tuesday morning in Asia but failed to breach the US$29,500 resistance level. Ether also edged up, while other top 10 non-stablecoin cryptocurrencies traded flat to higher. Solana’s SOL led the winners. As risk sentiment improved in the wake of weak U.S. inflation data, last week saw an inflow for digital asset investment products after three consecutive weeks of outflows. Meanwhile, the Forkast 500 NFT index moved up after the NFT market logged the largest weekly total transactions since February 2022. U.S. stock futures trade Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $571,724,129,950 - Hash Rate: 445348917.3077294 - Transaction Count: 583063.0 - Unique Addresses: 786113.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Illustration by Mitchell Preffer for Decrypt. The recovery that began last week —after U.S. inflation appeared to cool—hit its stride this week as markets continued to reverberate from the bombshell of the world’s largest asset manager, BlackRock, filing an application to the SEC for a Bitcoin spot Exchange-Traded Fund (ETF). Dozens of companies apply for ETFs, and dozens have been rejected. To date, not a single Bitcoin spot ETF has been approved by the crypto-skeptic SEC, despite the fact that Canadian regulators have approved many of them. The stakes are high: a spot ETF would offer investors the chance to buy into Bitcoin and either ride the gravy train or go to hell in a hand basket, but if the latter, they’ll be safe in the knowledge that their investment is protected, unlike those who purchase and store crypto directly. If anybody has a chance of getting an ETF approved, it’s BlackRock. The firm boasts an incredible $9 trillion in assets under management and has a winning score of 575-1 when it comes to getting an ETF approved by the SEC. The news inspired two more U.S. asset managers, WisdomTree and Invesco , which have both previously applied for their own ETFs—to file fresh ETF applications this week. Valkyrie followed suit shortly after. Bitcoin (BTC) and Ethereum (ETC) both surged this week. The world’s biggest cryptocurrency shot up 18% to its current price of $30,687, while the biggest runner up rallied 12.7% to trade at $1,893 at the start of the weekend. Investors flooded into other cryptocurrencies this week as well. In fact, most of the top thirty cryptocurrencies by market cap shot up by double-digit percentages. There were no losses among the major unbacked coins. Bitcoin fork Bitcoin Cash (BCH) ballooned a staggering 80.5% over the last seven days and currently trades for $192.90. Regulation and expansion While all eyes were on the SEC and big asset managers this week, there were a couple of other stories that indicated the steady adoption of crypto is continuing around the world. Story continues In the United Kingdom, a central bank digital currency (CBDC) trial project backed by the Bank of England published its findings, concluding that a centrally-issued sterling-pegged digital currency could “enable a robust ecosystem to foster innovation , and to help meet the future needs of a more digitalised society.” The project—dubbed Project Rosalind—emphasized the programmability of crypto through smart contracts, which facilitate automatic payments and enable new kinds of online transactions. On Monday, British parliamentarians in the House of Lords (upper chamber) voted through the Financial Services and Markets Bill , a piece of legislation that proposes regulation for stablecoins, crypto and crypto promotion. The bill has already passed the House of Commons and has made it through to the final stages: the Consideration of Amendments, where both chambers debate the proposals and tighten the screws until they both agree. The final stage requires a signature from King Charlie himself. It was reported on Tuesday that Germany’s largest bank, Deutsche Bank, applied for a digital asset custody platform license with the German finance regulator, the Federal Financial Supervisory Authority (BaFin). During a semiannual hearing on monetary policy held by the Republican-led House Financial Services Committee and led by Patrick McHenry (R-NC) on Wednesday, Fed chair Jerome Powell said the U.S. central bank should play a “robust federal role” in crypto regulation and added that Bitcoin has “ staying power ” while implying the same about stablecoins. Finally, XRP progenitor Ripple was granted an in-principle payments license in Singapore. Ripple has long felt heat from U.S. regulators. A lawsuit against it by the SEC has been ongoing since 2020 and, like Coinbase, the company is now hedging its bets through global expansion.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether fell on Wednesday morning in Asia, along with other top 10 non-stablecoin cryptocurrencies by market capitalization. Polygon’s MATIC led the losers, while Cardano’s ADA also dipped on news Binance will axe perpetual contracts for the two tokens. Elsewhere, the Forkast 500 NFT index moved down, although changes in trading habits have market analysts predicting good times ahead. In the U.S., stock futures steadied after a rocky Tuesday. Stronger than expected sales data left investors fearing the Fed’s rate hiking cycle may continue. Ratings agency Fitch dampened investor sentiment further by suggesting it could downgrade a number of major U.S. banks. Crypto down Bitcoin fell 0.85% in the last 24 hours to US$29,169.14 as of 07:00 a.m. in Hong Kong, and logged a weekly gain of 1.99%, according to CoinMarketCap data. The world’s leading cryptocurrency has traded below US$30,000 since last Wednesday. Cryptos took a hit Tuesday as the three major U.S. exchanges posted losses. “It’s a tough day for many as both crypto and traditional finance are seeing red. We have seen this before, where cryptocurrency markets mirror what we see with the Nasdaq, down 1.14%,” said Caroline Bowler, chief executive officer of Australian exchange BTC Markets. “These data points are not helped by the lack of liquidity, as we sit in the doldrums so far in August,” she added. Bowler noted that Bitcoin has, however, been range bound for the last two months, sustaining one-year highs. “There is a lot more to come for this asset class,” said Bowler. Meanwhile, Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, was more bearish in his outlook. “Despite the intraday fluctuations, the daily candles close near their opening levels, indicating a lack of direction and conviction,” he Kuptsikevich. “This usually precedes a sharp move and for now, we see more downside risk, with a potential drop to $28K in the near term,” Kuptsikevich added. Story continues Elsewhere, Ether lost 0.95% to US$1,826.79, falling 1.63% in the past seven days. Similarly, all other top 10 non-stablecoin cryptocurrencies were in decline with the losses led by Polygon’s MATIC. The token lost 6.72% to US$0.6338 on Wednesday morning, dropping 7.43% for the week. Solana’ SOL dipped 5.08% to US$23.84 for a weekly loss of 1.08%. Cardano’s ADA token also dropped 3.13% to US$0.2817, logging a 5.95% weekly decline. The ADA and MATIC losses came after Binance, the world’s largest cryptocurrency exchange by trade volume, announced it will delist perpetual contracts for the two cryptos from Thursday. In June, the U.S. Securities and Exchange Commission (SEC) labeled both MATIC and ADA as financial securities in its lawsuits against Binance.US and Coinbase. Binance CEO Changpeng Zhao and Binance itself were charged with manipulating trading volumes on the platform and diverting customer funds. On Monday, Binance filed a protective court order against the SEC seeking to limit the agency’s “overbroad” requests for information. The total crypto market capitalization moved down 1.32% in the past 24 hours to US$1.16 trillion, while trading volume rose 3.48% to US$29.71 billion. NFT sales price driving change The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index edged down 0.05% in the past 24 hours to 2483.42 as of 08:30 a.m. in Hong Kong. However, the index still shows a 0.22% gain for the week. Forkast’s Ethereum, Polygon and Cardano NFT indexes logged gains, while the index for Solana dropped. Total NFT trading volume rose 14.24% in the past 24 hours to over US$17.72 million, according to data from CryptoSlam . Volumes on the Ethereum, Polygon, Solana and Mythos blockchains all logged gains, while volume on ImmutableX and Bitcoin blockchain dipped. “Something is changing in the NFT market. Traders are very active. While it’s not evident based on total sales, look at the increase in daily global transactions which is at an 18 month high,” said Yehudah Petscher, NFT Strategist at Forkast Labs. The number of global NFT transactions in the last 24 hours grew 2.74% to 590,215. That number is a 173.5% increase on the 215,768 transactions posted on Jan. 1. “Average sales price is the key driver of this change, with the average NFT selling price of $26.81 yesterday reflecting a three year low last seen on Sep. 5, 2020 with a $15.44 average sale price,” Petscher explained. Among NFT collections, Ethereum-based DeGods topped the 24-hour sales volume ranking. The collection rose 28.70% to over US$2.17 million with the launch of its “Season 3” digital art collection on Sunday. “DMarket alone had over US$71,000 sales, many of which at under $1, and you’ll see similar sales in Gods Unchained. DraftKings and Sorare aren’t far off with sales of just a few dollars coming in by the second,” said Petscher. DMarket, a collection linked to Mythos network-based blockchain games, came in second in terms of sales volume. It rose 7.39% to US$959,782. Polygon-based DraftKings NFTs, from the fantasy sports platform of the same name, surged 52.86% to US$785,459. Gods Unchained, from another blockchain-based card trading game, dipped 9.84% to US$616,225 but remained in CryptoSlam’s top five collections ranking. Bad news for US banks and Fed watchers, while China’s economic woes deepen Image: Envato Elements U.S. stock futures traded steady to higher as of 10:50 a.m. in Hong Kong. That followed a rocky Tuesday, with the Dow Jones, S&P and Nasdaq all dipping more than 1.00% during regular trading hours. The main stock indexes in Asia — China’s Shanghai Composite, Hong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi — all posted losses on Tuesday morning. The Hang Seng Index led the losses with a 1.34% decline. The U.S. posted upbeat retail sales data on Tuesday. The 0.7% increase was higher than the estimated 0.4%, with U.S. consumers continuing to spend despite the recent cycle of interest rate hikes by the U.S. Federal Reserve. Upward sales data, a strong jobs market and rising wages could see the Fed strengthen its resolve to maintain interest rates at the current or higher levels. “This simply means the Fed will have to be more aggressive raising rates higher and keeping rates higher for longer,” said Lindsey Piegza, chief economist at U.S.-based wealth management group Stifel Financial Corp., in an interview with Bloomberg . Still, analysts at the CME FedWatch Tool gave a 90.5% chance that the Federal Reserve will not raise interest rates in September, up from 88.5% on Tuesday. The Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level since January 2001. Ratings agency Fitch shook U.S. equities markets further when it warned of a downgrade for dozens of major U.S. banks including JPMorgan and Bank of America. That followed a similar warning for mid-size banks from ratings agency Moody’s last week. Fitch also downgraded the United States’ long term credit rating from AAA to AA+ in early August citing long-term macroeconomic concerns. China market losses reflected the bearish sentiment in the U.S. as it entered a fourth consecutive session of decline. The country’s economic activity data for July — retail sales, industrial output and investment — all came in lower than expected, worsening concerns about China’s economic health. “Most reports point to an economy that, far from roaring back from Covid Zero, is struggling to make much headway,” wrote Daniel Moss, Asian economies columnist at Bloomberg. “It’s also unclear whether, with the property industry in dire straits and the economy suffering from a broad lack of demand, steep cuts in rates might transpire into a dramatic improvement,” Moss wrote. China’s monetary authority unexpectedly cut loan rates by 15 basis points on Tuesday. U.S. investors now await Wednesday’s earnings report from giant retailer Target. Other U.S. retail leaders, Walmart and Home Depot, are set to release their quarterly results this week. (Updates with equities section.)', 'Bitcoin and Ether fell on Wednesday morning in Asia, along with other top 10 non-stablecoin cryptocurrencies by market capitalization. Polygon’s MATIC led the losers, while Cardano’s ADA also dipped on news Binance will axe perpetual contracts for the two tokens. Elsewhere, the Forkast 500 NFT index moved down, although changes in trading habits have market analysts predicting good times ahead. In the U.S., stock futures steadied after a rocky Tuesday. Stronger than expected sales data left investors fearing the Fed’s rate hiking cycle may continue. Ratings agency Fitch dampened investor sentiment further by suggesting it could downgrade a number of major U.S. banks. Crypto down Bitcoin fell 0.85% in the last 24 hours to US$29,169.14 as of 07:00 a.m. in Hong Kong, and logged a weekly gain of 1.99%, according to CoinMarketCap data. The world’s leading cryptocurrency has traded below US$30,000 since last Wednesday. Cryptos took a hit Tuesday as the three major U.S. exchanges posted losses. “It’s a tough day for many as both crypto and traditional finance are seeing red. We have seen this before, where cryptocurrency markets mirror what we see with the Nasdaq, down 1.14%,” said Caroline Bowler, chief executive officer of Australian exchange BTC Markets. “These data points are not helped by the lack of liquidity, as we sit in the doldrums so far in August,” she added. Bowler noted that Bitcoin has, however, been range bound for the last two months, sustaining one-year highs. “There is a lot more to come for this asset class,” said Bowler. Meanwhile, Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, was more bearish in his outlook. “Despite the intraday fluctuations, the daily candles close near their opening levels, in Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $566,495,684,550 - Hash Rate: 424513880.24070114 - Transaction Count: 566878.0 - Unique Addresses: 669749.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A cryptocurrency exchange called EDX Markets and backed by several Wall Street firms such as Charles Schwab, Citadel Securities, and Fidelity Digital Assets conducted its first trades on Tuesday, signaling some institutions aren’t hightailing it for the hills on crypto despite recent regulatory pressures in the U.S. It aims to take elements of traditional finance and port them over to crypto, focussing on compliance and mitigating conflicts of interest. EDX also announced it closed a new funding round, bringing firms like GSR Markets and Miami International Holdings into the fold as well. The exchange’s CEO, Jamil Nazarali, recognized in a statement that institutional investors want access to crypto markets through means that mirror established practices in finance. BlackRock Bitcoin ETF Is the ‘Real Deal’—Is This Finally the One? “EDX’s ability to attract new investors and partners in the face of sector headwinds demonstrates the strength of our platform and the demand for a safe and compliant cryptocurrency market,” he said. “We are committed to bringing the best of traditional finance to cryptocurrency markets.” The way David Schwed, chief operating officer at Halborn Security puts it, EDX has built the infrastructure Wall Street banks will need as they enter the space. As countless B2B startups have discovered, it pays to be a trusted vendor to big firms. “They're building the plumbing and the middleware and the technology to kind of offer that,” he toldDecrypt. “So like this, to me, is the right move to build right now. Because whoever enters the space and wants to build on the endpoints on the regulated side is going to need this type of technology.” SEC Labels Algorand and Five Other Tokens as Securities in Bittrex Lawsuit EDX’s first trades come just days after BlackRock, the world’s largest asset manager, announced a bit to establish the U.S.’s firstspot Bitcoin ETF. And as the Securities and Exchange Commission cracks down on the industry’s preeminent players, Binance and Coinbase, EDX appears poised to help Wall Street enter a crypto fray in flux. “The window to front-run institutional demand for Bitcoin is closing,” MicroStrategy founder and Executive Chairman Michael Saylorsaidin a Tweet referencing EDX, among the many commentators in crypto that believe Wall Street is making a concerted push. Unlike the leading cryptocurrency exchanges of today that offer customers a panoply of digital currencies, EDX offers investors four coins: Bitcoin, Ethereum Litecoin, and Bitcoin Cash. In terms of market capitalization, the tokens account for 67% of the entire crypto market, according toCoinGecko. The limited listings are likely by design. SEC Chair Gary Gensler has said “everything but Bitcoin” is a security, and the agencyensnaredseveral of the industry’s leading altcoins in lawsuits against Binance and Coinbase weeks ago. Prior to his role at EDX, Nazarali served as the global head of business development at Citadel Securities, a leading market maker in the U.S. owned by entrepreneur Ken Griffin. Famously, Griffin beat out a group of people in a Sotheby’s auction organized under a DAO thattried to buy a copyof the U.S. Constitution.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Bitcoin and Ether fell on Thursday morning in Asia, along with other top 10 non-stablecoin cryptos. Bitcoin briefly dipped below $28,500, while Ether’s losses took it below the psychologically important $1,800 threshold. Smaller altcoins such as Dogecoin, Solana and Ripple suffered the biggest drops. In more bullish news, Coinbase Global received approval to offer crypto futures to U.S. retail investors. The Forkast 500 NFT Index was down, although market sentiment remains positive amid a prolonged increase in global transactions. U.S. equity futures traded mixed after another day of losses Wednesday. The release of the minutes for July’s Federal Reserve meeting on interest rates has cast a shadow over equities, the mood music now suggesting a prolonged period of elevated rates or even another hike. Another down day for crypto Bitcoin fell 0.95% in the last 24 hours to US$28,551.83 as of 9:00 a.m. in Hong Kong, after briefly falling below the $28,500 threshold earlier in the morning. The largest crypto by market capitalization logged a weekly loss of 3.51%, according to CoinMarketCap data . Ether also lost 1.80% to US$1,794.91 — below the psychologically important $1,800 level — for a 3.28% drop in the past seven days. All other top 10 non-stablecoin cryptocurrencies were down. Dogecoin was the biggest loser among the top 10, dropping 5.01% to US$0.06731 for a weekly loss of 10.07%. Solana followed in terms of losses, dipping 4.25% to US$22.83. The token fell 5.98% in the past week. “Larger currencies have seen less pressure than smaller altcoins,” wrote Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, in an emailed statement. “Rising U.S. Treasury yields put pressure on riskier assets,” Kuptsikevich explained. The losses arrive in the midst of more positive news for the crypto market. On Wednesday, Coinbase Global — the largest cryptocurrency exchange in the U.S. — announced that it has received approval from the National Futures Association to offer crypto futures to U.S. retail investors. Previously, only institutional customers could trade crypto futures on the platform. Story continues Coinbase called it a “watershed moment,” celebrating the win despite facing securities violation charges from the U.S. Securities and Exchange Commission (SEC). Major moment for crypto regulatory clarity in the U.S. This has been a multi-year process toward approval, and we're excited to finally be launching federally regulated crypto derivatives with margin to our U.S. customers. When there is a clear path to register, we do. https://t.co/TxSOAIpoPj — Brian Armstrong 🛡️ (@brian_armstrong) August 16, 2023 “They now have an approved, compliant [Futures Commission Merchant status] and they understand the nuances of crypto markets,” wrote Chris Perkins, president and managing partner at New York-based investment advisor CoinFund. “It’s an important step forward in cultivating deep, liquid derivative markets — which are very much needed. This should be very good for Coinbase, and excellent for crypto markets,” Perkins added. Ripple’s XRP token also lost 3.66% to US$0.5862, posting a weekly loss of 8.08%. On July 13, Ripple appeared to score a victory in its ongoing legal battle with the SEC. A New York court ruled that the sale of XRP on public exchanges does not violate securities laws. However, that aspect of the case is again under scrutiny as, on Aug. 9, the SEC asked for a review of the ruling — contributing to the downward pressure on XRP’s price. The total crypto market capitalization moved down 1.47% in the past 24 hours to US$1.14 trillion, while trading volume rose 13.64% to US$33.76 billion. Daily NFT transactions hit historic levels The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index fell 0.76% in the past 24 hours to 2457.08 as of 08:45 a.m. in Hong Kong. The index shows a 1.23% loss for the week. Forkast’s Ethereum, Solana and Cardano NFT indexes logged losses, while the index for Polygon gained. Total NFT trading volume dipped 7.72% in the past 24 hours to US$15.01 million, according to data from CryptoSlam. Volumes on the Ethereum, Polygon and ImmutableX blockchains logged losses, while volume on Solana and Mythos gained. On Wednesday, the total number of global NFT transactions reached a new milestone, marking an all-time high of 617,619, up from 595,209 on Tuesday. “The NFT market is maturing right in front of us and we’re hitting historic levels on a daily basis,” said Yehudah Petscher, NFT strategist at Forkast Labs. “Sales volume isn’t my measure for how healthy the NFT ecosystem is, it’s the buyers, sellers and it’s transactions,” said Petscher. “I am so bullish on NFTs right now.” Much of that optimism, Petscher said, is based on a decline in NFT prices, with the average price of a single NFT now US$22.08, down from US37.85 a week earlier. “Average sale prices, I want to point out again they continue to decline and that’s a very, very good thing. We want to bring in the masses. We want our friends and families to come into NFTs,” Petscher added. DMarket, a collection linked to Mythos network-based blockchain games, topped the NFT collections chart by trade volume on CryptoSlam, adding 0.45% to US$970,811. Ethereum-based DeGods came in second despite a 38.75% slump to US$922,882. The collection recently launched its “Season 3” collection update on Sunday. New-entry The Heist, an NFT collection based on the strategy game of the same name, placed third with a trade volume of US$756,980. Fed minutes signpost potential hikes ahead U.S. Federal Reserve Board Chairman Jerome Powell \| Image: Getty Images U.S. stock futures traded mixed as of 10:45 a.m. in Hong Kong following a decline across all three major indexes during regular trading Wednesday. Wednesday’s release of the minutes from the U.S. Federal Reserve’s July meeting has put a dampener on investor sentiment. The discussion revealed concerns among Fed members that additional interest rate hikes may be needed to control inflation. The minutes stated that “with inflation still well above the Committee’s longer-run goal and the labor market remaining tight, most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy.” Following the release of the meeting minutes, analysts at the CME FedWatch Tool gave a 13.5% chance that the Federal Reserve will raise interest rates in September, up from 9.5% on Wednesday. The Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level since January 2001. The main stock indexes in Asia — China’s Shanghai Composite, Hong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi — all posted losses on Thursday morning, echoing bearish sentiment in the U.S. The Shanghai Composite fell 0.15% to around 3,145, its lowest level since early January. That reading combined with weak economic data and the nation’s ongoing property sector debt crisis points to a downturn in the Chinese economy. “Prolonged weakness in property construction will add to destocking pressures in the industrial space and depress consumption demand as well,” said Tao Wang, economist at UBS Investment Bank, according to Reuters. “In such a case, economic momentum may stay subdued in the rest of the year and China may miss this year’s growth target of around 5%,” Wang added. China has also stopped releasing youth unemployment data after the figure hit a record high of 21.3% in June. The suspension follows a string of downbeat economic reports in China, including retail sales and industrial output, raising fears about a slide into recession. Meanwhile, U.S. retail giant Target reported a slump in quarterly revenue. The US$24.77 billion in Q2 was lower than the estimated US$25.16 billion. However, Target shares still added 2.96% on Wednesday. Major U.S. retailer Walmart is set to release its quarterly results on Thursday. (Updates with equities section.)", 'Bitcoin and Ether fell on Thursday morning in Asia, along with other top 10 non-stablecoin cryptos. Bitcoin briefly dipped below $28,500, while Ether’s losses took it below the psychologically important $1,800 threshold. Smaller altcoins such as Dogecoin, Solana and Ripple suffered the biggest drops. In more bullish news, Coinbase Global received approval to offer crypto futures to U.S. retail investors. The Forkast 500 NFT Index was down, although market sentiment remains positive amid a prolonged increase in global transactions. U.S. equity futures traded mixed after another day of losses Wednesday. The release of the minutes for July’s Federal Reserve meeting on interest rates has cast a shadow over equities, the mood music now suggesting a prolonged period of elevated rates or even another hike.\nBitcoin fell 0.95% in the last 24 hours to US$28,551.83 as of 9:00 a.m. in Hong Kong, after briefly falling below the $28,500 threshold earlier in the morning. The largest crypto by market capitalization logged a weekly loss of 3.51%, according to CoinMarketCapdata.\nEther also lost 1.80% to US$1,794.91 — below the psychologically important $1,800 level — for a 3.28% drop in the past seven days.\nAll other top 10 non-stablecoin cryptocurrencies were down. Dogecoin was the biggest loser among the top 10, dropping 5.01% to US$0.06731 for a weekly loss of 10.07%. Solana followed in terms of losses, dipping 4.25% to US$22.83. The token fell 5.98% in the past week.\n“Larger currencies have seen less pressure than smaller altcoins,” wrote Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, in an emailed statement.\n“Rising U.S. Treasury yields put pressure on riskier assets,” Kuptsikevich explained.\nThe losses arrive in the midst of more positive news for the crypto market.\ Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $555,737,073,612 - Hash Rate: 406283222.8070514 - Transaction Count: 502274.0 - Unique Addresses: 769086.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: You may be surprised to learn that the SEC’s ongoing efforts to rein in the crypto industry have been greeted warmly by at least some Bitcoiners. Because Bitcoin is firmly classed as a commodity rather than a security, those of a “Bitcoin maximalist” mindset have sometimes seen the crackdown as both a tactical and moral win. The laser-eyed set isn’t shy about sharing Gary Gensler’s skepticism of more centralized tokens like Solana, Cardano and even good old Ethereum. This story is part of CoinDesk's 2023 Mining Week , sponsored by Foundry. In broad strokes, Bitcoin and similarly structured proof-of-work tokens are commodities rather than securities because there is no central entity that collects capital in exchange for a promise of future returns. A proof-of-work chain like Bitcoin is purely a protocol, rather than a platform, product, or ecosystem – it’s a common enterprise, but you participate by following the rules, not by handing someone a sack of money behind the dumpster on Colesville Road . So if you want to be in crypto but not at risk of catching an SEC stray, you probably want to hold Bitcoin. This has manifested as a fairly steady rise in “Bitcoin dominance,” or Bitcoin’s share of total crypto market value, over the course of the SEC’s 2023 legal adventures. But that doesn’t mean bitcoin miners are completely free from SEC risk: in fact, it’s very easy to wrap commodity bitcoin in arrangements that are quite clearly securities contracts. In the wake of the recent split ruling in the SEC’s case against Ripple, this nuance may provide some timely insight into the relationship between a token in itself, and the agreements, transactions, and contracts surrounding it. The shadows of 'cloud mining' Recent crypto entrants may be surprised to learn that some of the earliest SEC actions on crypto, dating back at least as far as 2015, targeted Bitcoin miners – specifically, so-called “cloud miners.” The nominal goal of cloud miners was to offer colocation and management services to make mining easy, paralleling more general cloud providers like Amazon Web Services’ remote hosting. Read more: Anthony Power - How Miners Are Preparing for the Next Bitcoin Halving Unfortunately, many early cloud miners pursued flawed business models. Though they varied, a typical cloud mining contract would offer customers a particular amount of computing power (specifically, hashrate) for a set periodic cost. This appeared to amount to a security, since it implied a performance standard for the management of a pooled resource. But the model also invited fraud, which wound up being the more acute problem. Story continues “The reputational shadow [of cloud mining] has been a stain on our entire industry,” says Kent Halliburton, President and COO of Sazmining, a hosted miner (for an explanation of the difference between hosted and cloud mining, see below). “Because so many people have gotten hurt and hosed. We said, if you’re selling hashrate, how are you not selling a security? We wanted to stay totally clear from it.” The flaw of the cloud mining model, both from regulatory and trust standpoints, is that selling hashrate amounts to a guarantee of a specific output over time, reliant on the seller’s management expertise. There are also ample chances for deception and mismanagement: many cloud miners, maliciously or through incompetence, sold more hashrate than their machines could actually generate, and wound up effectively running ponzi schemes as they used new buyer funds to keep up. Probably the most notorious cloud mining fraud was Josh Garza’s GAW mining , which was charged by the SEC in 2015. But cloud miners are still out there: an entity called Mining Capital Cloud Corp was hit with fraud charges in 2022. Hosted mining – a safer path? This legacy doesn’t imply all remote mining services are inherently securities. “I think the structuring matters a lot there,” says Matt Walsh, partner at the Bitcoin-centric VC firm Castle Island. “What are you getting exposure to? A passthrough, or a direct physical machine?” Castle Island is an investor in River Financial, one of the firms offering what’s known as “hosted mining” or “mining as a service” as an improvement on the flawed cloud mining model. Instead of selling hashrate, these firms sell specific, individual machines and charge monthly service fees for remote management. Sazmining and Compass also offer hosted mining services. Among other features, hosted mining firms let customers monitor their individual machines in real time, seemingly leaving less room for either overcommitment or deception. Halliburton also says Sazmining sends block rewards directly to owners’ wallets, seemingly eliminating custody risk. Though they provide output estimates, returns vary according to network conditions. Everything is a security (if you work hard enough) These contrasts transfer to some other aspects of crypto and securities law. The distinction between cloud mining and hosted mining, for instance, is roughly parallel to the distinction between different models for offering third-party staking services for proof-of-stake systems. In February, Kraken paid a small SEC fine and agreed to shutter its staking service , but Coinbase has instead pledged to fight classification of its staking service as a securities offering. Read more: Jeff Wilser - Crypto Miners Are Pivoting to AI (Like Everyone Else) The difference, at least according to some analysts, is that Kraken engaged in more intermediary management in pursuit of better returns for customers, making its staking service effectively a risk-bearing yield product. Coinbase instead acted as a more direct conduit to on-chain staking systems, rather than engaging in any active management or strategy on behalf of customers. The most extreme illustrative example of how to turn boring Bitcoin mining into the regulatory equivalent of radioactive waste may be Celsius , the fraudulent crypto “bank.” While positioning itself as safe, Celsius was actually engaged in highly risky speculation on a chaotic mishmash of assets and ideas. One of those, it turns out, was a small mining operation in Texas that was sold off after Celsius’ bankruptcy. While it was just one small part of Celsius’ business model (wildly reckless and utterly disorganized speculation), the mining operation was implicated in SEC claims that Celsius violated securities law . Leaving aside Celsius’ fraudulent nature, a depositor in a crypto fund that received returns driven by a mining operation they don’t manage is clearly handing over money in expectation of a return created by the efforts of a third party. To paraphrase the seemingly immortal Howey Test , that’s how you turn an orange into a contract to produce an orange – and something innocuous into a fraught securities contract. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['After bottoming out at a two-month low of around US$25,400, Bitcoin recovered some losses on Friday morning in Asia to trade around US$26,800. Ether also fell dramatically to a low of around US$1,550 before rebounding to just under the US$1,700 line. All other top 10 non-stablecoin cryptos logged losses as macroeconomic factors — including the depreciation of the Chinese yuan and the bankruptcy of Chinese property giant Evergrande — hit investor sentiment. Overall, investors liquidated US$1 billion in cryptocurrencies, driving the total market capitalization to the edge of the psychologically important US$1 trillion threshold.\nXRP led the losers, after a U.S. judge granted the U.S. Securities and Exchange Commission (SEC) approval to file a motion to appeal the recent favorable ruling for Ripple Labs regarding retail sales of token XRP. Meanwhile, the Forkast 500 NFT index dropped but a rise in transactions continued. U.S. stock futures steadied after Wall Street closed lower on Thursday. The release of minutes from the Federal Reserve’s July meeting continues to fuel concerns of more monetary tightening ahead\nBitcoin slid 7.02% in the last 24 hours to US$26,819.27 as of 07:20 a.m. in Hong Kong, logging a weekly loss of 8.88%, according toCoinMarketCapdata. The world’s leading cryptocurrency hit a two-month low of US$25,409.11 on early Friday morning.\n“During late US / early Asia trading volumes, Bitcoin prices broke the critical support level at US$28,000. We knew a crash (or sharp decline) could be coming,” Markus Thielen, head of crypto research at digital asset service platform Matrixport, wrote in an emailed note.\n“Realized volatility had hit 18%; the last time volatility was this low, in November 2018, Bitcoin’s 30-day realized volatility spiked to over 100% as prices crashed by 46%. In Bitcoin, sharp price declines have often followed low volatility periods. We are not predicting such a significant decline but expected, at least, a -13% decline (so far, prices are down -10%).”\nThere is also the looming shadow of macro risks to consider, added Thielen.\n“The biggest is a potential devaluation of the Chinese Yuan,tradingat the weakest level since 2007. In August 2015, when China devalued the Yuan for the last time, Bitcoin prices declined by -23% during the two weeks following the devaluation,” he said.\nAdding to the bearish sentiment in Bitcoin, a Fridayreportby The Wall Street Journal showed Elon Musk-founded rocket company SpaceX wrote down the value of its Bitcoin holdings by a total of US$373 million in the past two years.\n“This is really a past event (but) it is still news and investors understandably saw this as a bearish catalysis on top of macro moves,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock.\nAlong with Bitcoin, Ether dropped 5.64% to US$1,706.22 and lost 7.80% for the past seven days, after reaching a five-month low of US$1,551.71 on early Friday morning.\nOther top 10 non-stablecoin cryptocurrencies all traded lower.\nCryptocurrencies saw a total liquidation of US$1 billion over the past 12 hours, with US$812.67 million of long positions — positions where investors bet the cryptocurrency price will rise — wiped out, according to data from crypto information platformCoinGlass.\nRipple’s XRP token led the losers, plunging 12.52% to US$0.5136 for a weekly loss of 18.85%.\nIn the on-going legal battle between Ripple Labs and the SEC, Judge Analisa Torres on Thursdaygrantedthe SEC’s request to appeal an earlier summary judgement in favor of Ripple.\nIn June, Torresruledthat Ripple’s programmatic sales of XRP did not violate securities laws, while its sales to institutional investors did. The ruling was seen as apartial victorynotched by Ripple. The SEC first sued the company in December 2020 for offering unregistered digital asset securities — an allegation Ripple denies.\n“The request for appeal (even if granted) doesn’t change the fact that XRP is not a security. That’s not up for debate / trial,” said Ripple Chief Executive Officer Brad Garlinghouse in a tweet on Wednesday.\nAccording to Thursday’s court filing, the SEC will file a motion for appeal on Friday, and Ripple has until September 1 to file its opposition papers.\nThe total crypto market capitalization dropped 5.69% in the past 24 hours to US$1.07 trillion — close to the psychologically important US$1 trillion threshold — while trading volume surged 78.91% to US$60.58 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdropped 0.37% in the past 24 hours to 2,445.03 as of 10:00 a.m. in Hong Kong, and fell 2.28% for the week. Forkast’s Ethereum and Solana NFT indexes logged gains, while the indexes for Polygon and Cardano dropped.\nWreck League, an NFT video game backed by Hong Kong-based gaming company Animoca Brands,launchedits NFT mint on early Friday in Asia. But the collection has unperformed, struggling to sell more than a third of its offerings so far.\n“It’s not a good day for NFTs,” said Yehudah Petscher, NFT strategist at Forkast Labs. “If anyone is wondering if traders are out of liquidity or conviction in the space, this just might be the answer.”\nThe collection’s struggles will impact on the wider market, Petscher added, as traders will look at Wreck League and lose confidence in other collections’ ability to sell.\nDespite Wreck League’s struggles, total NFT trading volume rose 30.97% in the past 24 hours to over US$18.69 million, according to data fromCryptoSlam. Volumes on the Ethereum and BNB Chain rose, while Solana, Polygon, and Cardano blockchains posted declines.\nDaily NFT transactions on Thursday surpassed Wednesday’s record to hit another all-time-high of over 649,000. Those totals eclipsed the previous high of 595,000 logged on Feb. 25, 2022.\nMeanwhile, the average NFT sales price stood at US$26.26, about one tenth of the average price for NFTs on Feb. 25, 2022. That crop signals “a major change in the NFT ecosystem,” according to Petscher.\n“The NFT space is in the midst of having a shift in its identity, moving to high volume, low dollar sales, and this is exactly what will eventually lead NFTs to mass adoption,” said Petscher.\n“Will this be enough to start attracting mainstream attention though? I think not quite yet, but we’re getting much closer to that with realistic prices and recognizable brands,” he added.\nDespite the rise in transactions, NFT sellers lost over US$1.91 million in Thursday trading, the biggest loss since July 20.\nAs NFTs attract more institutional interest, McDonald’s Corporation’s Singapore branch has teamed up with local entertainment company Bandwagon Labs for an NFT project based on the fast food chain’s Grimace character.\nThe mint of 2,000 Grimace-themed NFTs will go live on August 21. The NFTs are free to claim using the McDonald’s mobile app in Singapore, but cannot then be transferred to other wallets.\nAmong NFT collections, Ethereum-based Bored Ape Yacht Club saw the largest 24-hour sales volume. The collection surged 367.71% to over US$2.22 million as itsfloor pricedropped 11% in the past seven days.\nEthereum-based DeGods and Mythos Chain-based DMarket took the second and third places in terms of daily sales volumes.\nU.S. stock futures traded mixed as of 2:00 p.m. in Hong Kong with the Dow up and the S&P 500 and Nasdaq logging gains. All three major U.S. indexes closed lower at close of trading on Thursday.\nIn Asia, the main stock indexes moved down on Friday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei all logged losses.\nIn the U.S., jobless claims fell4.4%to 239,000 for the week ending August 12. The weekly figure is lower than economist expectations, pointing to a consistently tight labor market. That could open the door to further interest rate hikes.\n“The labor markets are not imploding,” Christopher Rupkey, chief economist at financial market research firm FWDBONDS, told Reuters. “The economy may be heating up instead of cooling down as the monetary medicine of higher 5.5% interest rates is not slowing aggregate demand like the economics textbooks say it should.”\nThe hot labor market data arrived after the U.S. Federal Reservereleasedits July meeting minutes on Wednesday.\nThe minutes show that “most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy.” Two participants indicated they “favored leaving the target range for the federal funds rate unchanged or that they could have supported such a proposal.”\nThe Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level in the past 22 years. Analysts at theCME FedWatch Toolpredict a 88.5% chance there will be no interest rate hike in September, and a 11.5% chance for another 25-basis-point increase.\nMeanwhile, China Evergrande Group filed for Chapter 15 bankruptcy in a U.S. bankruptcy court on Thursday. The Chinese real estate developer firstdefaultedon U.S. dollar bond repayments in December 2021 amid China’s property debt crisis.\nBeyond the ailing property industry, Chinese authorities reportedlytoldstate-owned banks to ramp up currency market intervention this week. That followed aslidein the value of offshore Chinese yuan to below 7.30 per U.S. dollar on Wednesday — the lowest level since November 2022.\n“We have a lot of uncertainty about the Chinese economy,” Hebe Chen, analyst at London-based online trading provider IG Markets,toldBloomberg. “The market is now standing at a crossroads about whether or not we can continue to talk about the Chinese recovery story or should we shift the narrative to China slowing down or even entering a recession.”\n(Updates with equities section.)', "After b Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $514,093,642,112 - Hash Rate: 362008769.0396163 - Transaction Count: 423207.0 - Unique Addresses: 783855.0 Social & AI Sentiment: - Fear & Greed Index: 0.37 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Stocks of crypto companies fell Tuesday after a US judge said digital currencies can be considered securities when sold to the general public, contradicting an earlier ruling from a judge in a separate case. The decision bolstered the view of the Securities and Exchange Commission (SEC), which is the plaintiff in both cases. The US regulator has argued certain cryptocurrencies are securities and therefore should be overseen by the SEC, using that assertion as the basis for several lawsuits against major industry players. US crypto exchange Coinbase Global ( COIN ), which faces one such lawsuit from the SEC, dropped as much as 8.5% Tuesday. The price of bitcoin ( BTC-USD ) also fell below $29,000. The new decision that upended stocks came from US Judge Jed Rakoff in the Southern District of New York, who opposed an earlier ruling from Analisa Torres, another judge in the same US district court. Torres had concluded in mid-July that the XRP digital token issued by Ripple Labs was a security only when it was sold to institutional investors, and not when it was purchased by the general public. Rakoff disagreed with that specific view in his case, in which the SEC has alleged stablecoin issuer Terraform Labs sold unregistered securities. "The Court rejects the approach recently adopted by another judge of this District," he wrote. Jed Rakoff, a US judge in the Southern District of New York. (Yana Paskova for The Washington Post via Getty Images) (The Washington Post via Getty Images) The disagreement was a blow to some in the crypto world who had hailed the earlier ruling from Torres. "Well, it was a fun few weeks," said Gabriel Shapiro, general counsel for digital asset research and consulting firm Delphi Labs. The chief legal officer of Ripple Labs, Stuart Alderoty, said in a tweet that the new ruling from Rakoff "changes NOTHING about the Ripple ruling that XRP is not a security." well, it was a fun few weeks, gg https://t.co/WsCr7EdKeY — _gabrielShapir0 (@lex_node) August 1, 2023 The contradictory rulings makes the regulatory clarity surrounding most cryptocurrencies as murky as ever, according to Stephen Palley, a Washington, D.C.-based legal partner with Brown Rudnick who co-chairs the firm’s digital commerce group. Story continues “Expect to see more disagreement between courts, and less clarity, until Congress acts,” Palley said Monday over Twitter. Neither opinion from the US District Court in the Southern District of New York will set a binding precedent, he told Yahoo Finance Tuesday. "As we see here, even within the same judicial district ... one judge isn’t required to follow another judge’s holding." In another crypto case in the Southern District of NY, Judge Rakoff specifically declines to adopt Judge Torres’ reasoning in the Ripple case. Expect to see more disagreement between courts, and less clarity, until congress acts. Link to opinion: https://t.co/BMywIrxm6e pic.twitter.com/uFdytfRHcG — Palley (@stephendpalley) July 31, 2023 The SEC has brought 17 enforcement actions against crypto investors and businesses since the beginning of January. That includes cases against Coinbase and Binance, the world's biggest crypto exchange. Its most recent case came Monday when it alleged that Richard Heart, founder of crypto token project Hex, misappropriated millions of dollars from investors. Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["In a bear market, price action like RUNE’s stands out.\nThe token of the cross-chain liquidity protocolTHORChainhas surged over 40% this week despite abrutal selloffacross broader markets. RUNE hit a four-month high of $1.64 on Aug. 18.\nThe momentum isn’t limited to the token — THORChain also notched up a record volume day on Aug. 14, when it facilitated over $100M of trades.\nWealthy investors have begun to use the protocol for large swaps, FamiliarCow, the Communications Director for Nine Realms, the THORChain core developers' group, told The Defiant.\nThe project facilitated its largest everswapof 3150 ETH for 2,482,348 RUNE, worth roughly $3.65M, on Aug. 15. “We're seeing like these big trades that we haven't really seen before,” FamiliarCow said. He attributes the volume to a new product calledstreaming swapswhich launched on Aug. 1.\nStreaming swaps break up cross-chain trades into smaller parts that are executed over up to 24 hours. As the trade progresses, arbitrageurs step in to rebalance the pool so that less value is lost to slippage.\n“It's opening up a new market because obviously you can put a lot of size through so the whales are coming to town,” FamiliarCow said.\nTHORChain’s momentum is notable because of the project’s unique position in DeFi — it’s not quite a bridge, which moves homogenous assets across blockchains — it’s more like an exchange like Coinbase or Binance, which facilitates trades between tokens with the endpoints being each asset’s native blockchain.\nConsidering that the SEC has sued bothBinanceandCoinbaseas part of a broader crypto crackdown, a decentralized application like THORChain may prove particularly valuable to the crypto ecosystem. This is because it fills a similar role to the exchange but, at least in theory, has a smaller regulatory attack surface by being decentralized.\nFamiliarCow didn’t shy away from comparisons to billion-dollar behemoths. “What’s being built here is honestly the replacement of the centralized exchange,” he said.\nTo be sure, THORChain has faced its share of bumps in the road.\nThe project suffered back-to-back hacks resulting in roughly $13M of lost assets in July 2021. And its RUNE token remains over 90% off its all-time high of $20.24, which came in May 2021 when most DeFi tokens peaked.\nThe project also faced a security scare which became widely known on Aug. 16, when a node operator — THORChain is an independent blockchain —revealedthat traders were paying extremely high funding fees to short RUNE right before the launch of a new lending product.\nThe node operator, who goes by TCB, suspected that the person behind the trades planned to exploit THORChain once the lending product went live.\nTHORChain uses a cryptographic system called Threshold Signature Scheme (TSS). According to TCB, ethical hackers had revealed a possible vulnerability in the system previously and THORChain had the capability to patch it. However, because it’s an open-source project, patching it would have revealed the security hole in all projects which use it.\n“In this particular case the only way to upgrade the network without disclosing the vulnerability to the entire world is to upgrade the TSS with closed source components (a private release),” TCB wrote. “This type of release is philosophically discouraged in decentralized, open-source protocols. However, there's no other good options.”\nTHORChain is planning to go ahead with its collateralized lending product. Initially supported assets will be ETH and BTC, with plans to enable lending against more assets in the future.\nMore broadly, THORChain’s plans involve expanding its product offerings by adding order book functionality as well as an option to trade perpetual futures.\nIt’s also collaborating with major wallets — FamiliarCow said the project “has a foot in the door” with hardware wallet maker Ledger to facilitate swaps between assets. Trust Wallet, which claims to have over 60M users, already uses THORChain under the hood to facilitate swaps.\nTHORChain wants to “be everywhere and deliver the best product at the lowest layer of the stack with absolutely no third-party dependencies on any other protocol,” he said. “That's the whole game.”\nRead the original post on The Defiant", "In a bear market, price action like RUNE\x92s stands out. The token of the cross-chain liquidity protocol THORChain has surged over 40% this week despite a brutal selloff across broader markets. RUNE hit a four-month high of $1.64 on Aug. 18. THORChain Processes Record Volume After Introducing \x91Streaming Swaps\x92 The momentum isn\x92t limited to the token \x97 THORChain also notched up a record volume day on Aug. 14, when it facilitated over $100M of trades. THORChain Processes Record Volume After Introducing \x91Streaming Swaps\x92 Streaming Swaps Wealthy investors have begun to use the protocol for large swaps, FamiliarCow, the Communications Director for Nine Realms, the THORChain core developers' group, told The Defiant. The project facilitated its largest ever swap of 3150 ETH for 2,482,348 RUNE, worth roughly $3.65M, on Aug. 15. \x93We're seeing like these big trades that we haven't really seen before,\x94 FamiliarCow said. He attributes the volume to a new product called streaming swaps which launched on Aug. 1. Streaming swaps break up cross-chain trades into smaller parts that are executed over up to 24 hours. As the trade progresses, arbitrageurs step in to rebalance the pool so that less value is lost to slippage. \x93It's opening up a new market because obviously you can put a lot of size through so the whales are coming to town,\x94 FamiliarCow said. THORChain\x92s momentum is notable because of the project\x92s unique position in DeFi \x97 it\x92s not quite a bridge, which moves homogenous assets across blockchains \x97 it\x92s more like an exchange like Coinbase or Binance, which facilitates trades between tokens with the endpoints being each asset\x92s native blockchain. Considering that the SEC has sued both Binance and Coinbase as part of a broader crypto crackdown, a decentralized application like THORChain may prove particularly valuable to the crypto ecosystem. This is because it fills a similar role to the exchange but, at least in theory, has a smaller regulatory attack surface by being decentralized. FamiliarCow didn\x92t shy away from comparisons to billion-dollar behemoths. \x93What\x92s being built here is honestly the replacement of the centralized exchange,\x94 he said. Story continues Past Exploits To be sure, THORChain has faced its share of bumps in the road. The project suffered back-to-back hacks resulting in roughly $13M of lost assets in July 2021. And its RUNE token remains over 90% off its all-time high of $20.24, which came in May 2021 when most DeFi tokens peaked. The project also faced a security scare which became widely known on Aug. 16, when a node operator \x97 THORChain is an independent blockchain \x97 revealed that traders were paying extremely high funding fees to short RUNE right before the launch of a new lending product. The node operator, who goes by TCB, suspected that the person behind the trades planned to exploit THORChain once the lending product went live. THORChain uses a cryptographic system called Threshold Signature Scheme (TSS). According to TCB, ethical hackers had revealed a possible vulnerability in the system previously and THORChain had the capability to patch it. However, because it\x92s an open-source project, patching it would have revealed the security hole in all projects which use it. \x93In this particular case the only way to upgrade the network without disclosing the vulnerability to the entire world is to upgrade the TSS with closed source components (a private release),\x94 TCB wrote. \x93This type of release is philosophically discouraged in decentralized, open-source protocols. However, there's no other good options.\x94 Collateralized Lending THORChain is planning to go ahead with its collateralized lending product. Initially supported assets will be ETH and BTC, with plans to enable lending against more assets in the future. More broadly, THORChain\x92s plans involve expanding its product offerings by adding order book functionality as well as an option to trade perpetual futures. It\x92s also collaborating with major wallets \x97 FamiliarCow said the project \x93has a foot in the door\x94 with hardware wallet maker Ledger to facilitate swaps between assets. Trust Wallet, which claims to have over 60M users, already uses THORChain under the hood to facilitate swaps. THORChain wants to \x93be everywhere and deliver the best product at the lowest layer of the stack with absolutely no third-party dependencies on any other protocol,\x94 he said. \x93That's the whole game.\x94 Read the original post on The Defiant", "After nearly a month of low volatility, the bottom fell out of crypto markets on Thursday.\nBitcoin and Ether have fallen by 12% and 10% respectively over the past seven days, with other tokens experiencing even steeper declines.\nInvestors' interest in riskier assets like cryptocurrencies seems to have waned as US Treasury yields reach a16-year high. Fears of further rate hikes by the Federal Reserve to combat inflation, along with the upcoming second estimate of US GDP data for Q2 2023, set to be released on August 30, are contributing factors.\nThe market now anticipates a 10% chance of a 25 bps rate hike in September, with 32% expecting one in November.\nIn the past 24 hours, over $1B of leveraged positions were wiped out, marking the largest single-day liquidation event since the implosion of FTX in November 2022.\nNearly $800M of liquidations took place in just 30 minutes as BTC and ETH briefly crashed below $25,000 and $1,500 respectively.\nAmid the carnage, there were some bright spots.\nThe SEC is reportedly set to approve an ETH futures ETF by October, and Grayscale is hiring for its ETF division.\nTHORChain's RUNE toke Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $506,893,577,850 - Hash Rate: 364613148.6729948 - Transaction Count: 519780.0 - Unique Addresses: 628343.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) miners have sent over a billion dollars worth of the asset to crypto exchanges over the past two weeks but not necessarily to sell the tokens. Miners are entities that utilize extensive computing power to solve sophisticated encryptions and produce blocks on the Bitcoin blockchain. Each block rewards 6.25 BTC to miners, who typically sell the amount to fund or expand operations. In a tweet Tuesday , analytics firm CryptoQuant said over 33,860 BTC has been sent to derivatives exchanges, although the majority had since been recovered back to proprietary wallets. Miners also reduced reserve holdings by 8,000 BTC in their reserves in which only a small portion was sent to spot trading exchanges, the firm added. “This could signal that miners may be using their newly minted coins as collateral in derivatives trading activities,” CryptoQuant analysts said. “A good example of this type of trading is known as "hedging", which uses bets in the opposite direction to market consensus.” Bitcoin has risen nearly 20% in the past two weeks amid favorable catalysts such as spot Bitcoin ETF filings by a flurry of traditional finance companies and increased trading interest . On-chain metrics have previously suggested bitcoin could already be in the early stages of a bull market – meaning Bitcoin-based businesses, such as miners, could already be taking steps to manage their reserves and holdings. Meanwhile, the past few days saw $128 million worth of bitcoin rewards sent to crypto exchanges, an amount estimated to total 315% of daily mining revenues, as per on-chain analytics firm Glassnode. This was the largest-ever sent amount on record by this metric. Similar amounts sent to exchanges have previously caused a reversal in price spikes if buyer demand isn’t able to absorb the sales.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Aug. 20—When Danny McCargar went to work at a windowless, nondescript building just south of Columbia Falls off of Montana 206 last December, he found the lights off and power disconnected.\nMcCargar worked as a technician at a Columbia Falls Bitcoin mining facility owned by VBit Technologies and was contracted by Frontier Mining.\nVBit has been accused of committing fraud and selling unregistered securities, and the company is the target of class-action lawsuits alleging racketeering and securities fraud violations that have been filed in federal court in Delaware and Pennsylvania.\nPlaintiffs say that the company\'s CEO, Danh "Don" Vo, stole millions of dollars from them before disappearing following the cryptocurrency bubble bursting last year.\nMontana financial regulators ordered the company to stop operations in the state and pay a fine following a Daily Inter Lake investigation published in January.\nNow McCargar, a former contractor, has come forward with details about the company\'s collapse after losing his job, saying VBit may also owe his former employer and the local electric utility money.\nIn his job at the Columbia Falls building, McCargar spent his days making sure that the 1,000 computers — set up to cash in on the digital cryptocurrency Bitcoin — were operating smoothly. When a computer needed repairs, McCargar would replace parts like fans to get them back up and running.\nIn December, McCargar arrived for work, but found the lights off and power disconnected.\nMcCargar checked outage maps and saw that electricity should have been flowing normally to the facility. When he had a co-worker check with Flathead Electric Co-op, he said that an employee informed him that the power had been cut because VBit had racked up around $300,000 in unpaid electric bills.\nFlathead Electric spokesperson Courtney Stone would not confirm the debt, citing co-op privacy rules. She did say that members have about two weeks to pay past due bills before they are subject to disconnection.\nThe building\'s previous owner, Jeff Russell, described the facility as having a 3.8 megawatt capacity, meaning that it could consume as much electricity as around 3,800 homes in the Flathead Valley.\nRussell said he was attracted to Northwest Montana as a location for the power-intensive operation because of the region\'s abundant and cheap electricity as well as its frigid winters, which mitigated the need for expensive cooling costs.\nAfter the Columbia Falls facility earned approval in 2018, the co-op issued a six month moratorium on future cryptocurrency facilities and later updated its policies governing what it describes as "high density loads." Cryptocurrency mining is listed on the co-op\'s website as an example of an activity that requires "significant amounts of power at a constant rate."\nStone also wanted to reassure co-op members that their rates would not rise in the event of such an unpaid debt, saying that the utility requires a deposit and insurance to protect members from a domino effect triggered by unpaid fees.\nNOW THE Columbia Falls facility sits vacant, the computers packed up and VBit leadership nowhere to be found.\nMcCargar said he thought something was wrong with the company when representatives stopped approving the purchase of replacement parts necessary to keep the computers running.\nMany computers were failing and needed replacement fans to prevent overheating.\nMcCargar said that he never saw individual computers labeled or identified as belonging to individual customers, and that the funds generated by the computers all fed into one account, which would appear to contradict VBit\'s online advertising.\nThe company claimed that for an initial fee, often in the tens of thousands of dollars, and monthly charges, the company would set up and run individual computers for investors, an appealing service to those without the space or technical expertise to mine Bitcoin themselves.\nMcCargar said his last day in the Columbia Falls facility was in early March, when he disconnected the computers and packaged them for shipment to a Frontier Mining facility in Texas. He said he was told the contract between the two companies allowed Frontier to take the computers to recoup money that they were owed for their services.\nFrontier Mining CEO Arland Whitfield did not respond to requests for comment.\nMcCargar said he helped give tours to visitors who were prospective or existing VBit customers, but never thought anything was amiss.\nVBit officials could not be reached, and investors claim the company\'s CEO is on the run.\nCEO Don Vo\'s lawyers have dropped him and his colleagues as clients in the class action lawsuits against them, saying in court documents that he has been unresponsive.\nVo\'s LinkedIn page says he is "retired, for now."\nReporter Adrian Knowler can be reached at 758-4407 [email protected].']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,614,503,000 - Hash Rate: 421909500.6073226 - Transaction Count: 612461.0 - Unique Addresses: 691316.0 Social & AI Sentiment: - Fear & Greed Index: 0.37 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin Depot is the world’s largest bitcoin ATM operator. The company went public in July, is well-capitalized, and may seek to acquire smaller operators that struggle with key operational challenges. A lot has changed since Brandon Mintz bought his first bitcoin on what he describes as a “crappy website” in 2013. He’s now CEO of Bitcoin Depot, the world’s largest bitcoin ATM operator , which he founded three years after that first crypto purchase. The company went public in July – listing its shares on Nasdaq after a merger with a special purpose acquisition company (SPAC) – and now Mintz says he’s seeing slimmer profit margins for mom-and-pop operators as competition heats up. The crypto ATM sector is teeming with nearly 40,000 machines worldwide , about 6,400 of which belong to Bitcoin Depot. Consequently, the 29-year-old executive – whose company now has access to the capital markets – says he’s willing to buy out the little guy. “Before Covid… there were a lot of new entrants into the bitcoin ATM industry, a lot of small operators,” Mintz told CoinDesk in an interview. “If you had everything in place to operate a bitcoin ATM, you could put one on a busy street corner in a big city, and it was almost like a guarantee that you would do decent enough to be profitable.” Read more: Crypto ATM Operator Bitcoin Depot's Stock Rises 12% in Stock Debut The “cash cow” quality, or reliable profitability of the bitcoin ATM business may have been the norm before 2020, but that year, the total number of crypto ATMs exploded exponentially from just over 6,000 machines to a peak of nearly 40,000 globally by 2022. Crypto ATM customers are typically unbanked or underbanked – lacking full access to financial services due to poverty, immigration status or general distrust of the mainstream financial system. Without traditional banking relationships, they can’t purchase crypto from online exchanges like Coinbase or Binance. Although the process of using a crypto ATM may vary, users are usually only required to have cash, a phone, and a piece of identification. (There may be additional requirements depending on the transaction amount.) “For us, it is your first and last legal name, your phone number, your email address, and we run you through sanction screening,” Mintz explained. “You also have to verify you own the wallet address being provided personally, and you're not sending bitcoin to a third party.” The crypto ATM sector is now projected to grow from $117 million to $5.5 billion by 2030, according to market research site Global Information – although Mintz says as the industry matures, small players will likely get squeezed out. Story continues “With the competition these days… you have to have a strong brand that is recognizable,” said Mintz. “A lot of the small operators realized over the past year that it's going to be very difficult to compete. A lot of them, anecdotally from conversations, are thinking about, ‘Should I try to compete, or should I get out and sell my portfolio to some larger company such as Bitcoin Depot?’” Case in point, in 2019, the firm acquired what Mintz described as a “struggling” Texas-based operator named DFW Bitcoin that owned 10 kiosks. “A lot of people don't have any compliance staff. They don't even have a website,” Mintz said. “It literally may just be one guy and his brother.” When regulators come knocking The lack of robust compliance is one of the most common reasons crypto ATM operators fail. Despite the surge in ATM installations during the past couple of years, March saw the industry’s largest decline in machines, as more than 3,600 of them were shut down, according to crypto ATM data site Coin ATM Radar. It’s not clear if the high number of shutdowns was due to the February bankruptcy of a large operator by the name of Coin Cloud – a company with more than 4,000 bitcoin ATMs across the U.S. and Brazil – or a major security incident at General Bytes, the largest manufacturer of crypto ATMs, according to Coin ATM Radar, or some combination. What is clear is that many small operators struggle with regulatory adherence. In February, the U.K.'s Financial Conduct Authority (FCA) took steps to shut down all 27 crypto ATMs in that country because none had registered with the regulator. Bity, a small operator in Switzerland, has been told by the country’s Financial Market Supervisory Authority (FINMA) that it must establish the identity of any user involved in transactions exceeding 1,000 francs (roughly $1,150) over a 30-day period. Bity vowed to fight FINMA regarding the issue, and the seemingly undercapitalized firm turned to crowdfunding to raise money for its legal bills. Even larger firms like Bitcoin of America went out of business due to licensing issues and scams, specifically in Connecticut and Ohio . Mintz says he realized compliance was critical to Bitcoin Depot’s success early in the company’s history. “My goal was always to create the strongest compliance program and hire really good compliance staff, including a compliance officer that I hired very early on in the business,” Mintz recalled. “We've always strived to go above and beyond what's legally required of us.” That early focus on compliance may have been the key to Bitcoin Depot’s current success. The company says it’s on track to bring in around $700 million in revenue this year. With that kind of capital in such a competitive market, Mintz will likely have his pick of the litter when it comes to potential acquisitions. “We have the best reputation and we have the most access to capital,” Mintz said. “We have the ability more than ever to consolidate the industry.” UPDATE (Aug. 11, 14:30 UTC): Adds details about Coin Cloud bankruptcy in 13th paragraph. View comments... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Tom Westbrook SINGAPORE, Aug 21 (Reuters) - The dollar began on a firm footing on Monday, following five straight weeks of gains, as investors looked ahead to Federal Reserve\'s Jackson Hole symposium for a guide on where rates might settle when the dust of this hiking cycle clears. The dollar made a gain of 0.7% on the euro last week, inched ahead on the yen and surged by more than 1% on the Antipodean currencies as U.S. Treasury yields leapt in anticipation of interest rates staying higher for longer. In early trade, the Australian dollar, steady at $0.6409, was just above last week\'s nine-month low of $0.6365 and the New Zealand dollar was pinned at $0.5923, also uncomfortably close to last week\'s low of $0.5903. They have suffered a double blow lately as in both countries central banks have indicated they are on hold, and both are exposed, via exports, to China where market fears about the slowing economy have swelled as property problems deepened. "The Australian dollar will continue to underperform this week in our view," said strategists at the Commonwealth Bank of Australia in a note to clients. "We consider there is a growing risk that the Aussie dips below $0.60 before year-end. It will likely take a big Chinese stimulus package focused on commodity-intensive infrastructure spending to turn around the downtrend." China vowed financial support on the weekend to resolve local government debt problems but details were light and in the absence of more concrete promises traders are starting to lose faith that Beijing will ride to the rescue. For China the focus on Monday is on an expected cut to lending benchmarks. The yuan steadied at 7.3084 per dollar in offshore trade, having bounced off last week\'s lows when state banks stepped in as buyers during London and New York hours. The yen is also on intervention-watch, having fallen to levels around which authorities stepped in last year. It was steady at 145.19 per dollar in early trade. The euro held at $1.0883. Sterling hovered at $1.2738. The Swiss franc was just above a six-week low made last week at 0.8817 per dollar. Apart from waiting for news of stimulus in China, the upcoming Jackson Hole symposium - where Fed chair Jerome Powell is due to speak on Friday - is markets\' major focus and may set the direction for U.S. yields. Ten-year yields rose 14 basis points for the week and touched a 10-month high of 4.328%, within a whisker of a 15-year high. Thirty-year yields rose nearly 11 bps to their highest in more than a decade. The theme this year for the annual gathering in Wyoming is "structural shifts in the global economy". "Two things that may come across are: decades of ultra-low rates backed by ultra-low inflation may be over," said Vishnu Varathan, head of economics and strategy at Mizuho Bank in singapore. "And global policy-makers may prefer to maintain restrictive real rates for a while, thereby keeping risks from volatile inflation alive." Bitcoin, which was battered to a two-month low last week as rising U.S. yields and China\'s slowing economy drove a wave of selling, nursed those losses at $26,129. ======================================================== Currency bid prices at 0033 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0882 $1.0873 +0.10% +1.57% +1.0883 +1.0872 Dollar/Yen 145.1800 145.3300 +0.00% +10.74% +145.4150 +0.0000 Euro/Yen 157.99 158.03 -0.03% +12.61% +158.1500 +157.9700 Dollar/Swiss 0.8815 0.8828 -0.15% -4.67% +0.8825 +0.8814 Sterling/Dollar 1.2747 1.2736 +0.02% +5.33% +1.2749 +1.2735 Dollar/Canadian 1.3539 1.3551 -0.07% -0.05% +1.3553 +1.3542 Aussie/Dollar 0.6414 0.6405 +0.14% -5.90% +0.6418 +0.6407 NZ Dollar/Dollar 0.5927 0.5924 +0.10% -6.61% +0.5936 +0.5923 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook. Editing by Sam Holmes)', 'By Tom Westbrook SINGAPORE, Aug 21 (Reuters) - The dollar began on a firm footing on Monday, following five straight weeks of gains, as investors looked ahead to Federal Reserve\'s Jackson Hole symposium for a guide on where rates might settle when the dust of this hiking cycle clears. The dollar made a gain of 0.7% on the euro last week, inched ahead on the yen and surged by more than 1% on the Antipodean currencies as U.S. Treasury yields leapt in anticipation of interest rates staying higher for longer. In early trade, the Australian dollar, steady at $0.6409, was just above last week\'s nine-month low of $0.6365 and the New Zealand dollar was pinned at $0.5923, also uncomfortably close to last week\'s low of $0.5903. They have suffered a double blow lately as in both countries central banks have indicated they are on hold, and both are exposed, via exports, to China where market fears about the slowing economy have swelled as property problems deepened. "The Australian dollar will continue to underperform this week in our view," said strategists at the Commonwealth Bank of Australia in a note to clients. "We consider there is a growing risk that the Aussie dips below $0.60 before year-end. It will likely take a big Chinese stimulus package focused on commodity-intensive infrastructure spending to turn around the downtrend." China vowed financial support on the weekend to resolve local government debt problems but details were light and in the absence of more concrete promises traders are starting to lose faith that Beijing will ride to the rescue. For China the focus on Monday is on an expected cut to lending benchmarks. The yuan steadied at 7.3084 per dollar in offshore trade, having bounced off last week\'s lows when state banks stepped in as buyers during London and New York hours. The yen is also on intervention-watch, having fallen to levels around which authorities stepped in last year. It was steady at 145.19 per dollar in early trade. The euro held at $1.0883. Sterling hovered at $1.2738. The Swiss franc was just above a six-week low made last week at 0.8817 per dollar. Apart from waiting for news of stimulus in China, the upcoming Jackson Hole symposium - where Fed chair Jerome Powell is due to speak on Friday - is markets\' major focus and may set the direction for U.S. yields. Ten-year yields rose 14 basis points for the week and touched a 10-month high of 4.328%, within a whisker of a 15-year high. Thirty-year yields rose nearly 11 bps to their highest in more than a decade. The theme this year for the annual gathering in Wyoming is "structural shifts in the global economy". "Two things that may come across are: decades of ultra-low rates backed by ultra-low inflation may be over," said Vishnu Varathan, head of economics and strategy at Mizuho Bank in singapore. "And global policy-makers may prefer to maintain restrictive real rates for a while, thereby keeping risks from volatile inflation alive." Bitcoin, which was battered to a two-month low last week as rising U.S. yields and China\'s slowing economy drove a wave of selling, nursed those losses at $26,129. ======================================================== Currency bid prices at 0033 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0882 $1.0873 +0.10% +1.57% +1.0883 +1.0872 Dollar/Yen 145.1800 145.3300 +0.00% +10.74% +145.4150 +0.0000 Euro/Yen 157.99 158.03 -0.03% +12.61% +158.1500 +157.9700 Dollar/Swiss 0.8815 0.8828 -0.15% -4.67% +0.8825 +0.8814 Sterling/Dollar 1.2747 1.2736 +0.02% +5.33% +1.2749 +1.2735 Dollar/Canadian 1.3539 1.3551 -0.07% -0.05% +1.3553 +1.3542 Aussie/Dollar 0.6414 0.6405 +0.14% -5.90% +0.6418 +0.6407 NZ Dollar/Dollar 0.5927 0.5924 +0.10% -6.61% +0.5936 +0.5923 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook. Editing by Sam Holmes)', "Bitcoin edged up on Monday morning in Asia to trade slightly above the US$26,000 support level, after sliding over 10% for the week. Ether also moved higher but remained below US$1,700 following last week’s losses. Other top 10 non-stablecoin cryptocurrencies traded mixed. XRP led the winners, despite the U.S. Securities and Exchange Commission (SEC) moving to challenge a June court ruling in favor of Ripple Labs. Meanwhile, the Forkast 500 NFT index dropped as NFT marketplace OpenSea said it will stop enforcing creator royalties from August 31. U.S. stock futures traded flat after Wall Street logged weekly losses at close of trading Friday.\nBitcoin edged up 0.28% in the last 24 hours to US$26,178.36 as of 07:30 a.m. in Hong Kong, logging a weekly loss of 10.68%, according toCoinMarketCapdata. The world’s leading cryptocurrency hit a two-month low of US$25,409.11 on Friday, but held position above the US$26,000 support level over the weekend.\nA cool-off of Bitcoin exchange-traded fund (ETF) hype in the U.S. could be behind the retreat of the token. That’s the view of James Butterfill, head of research at European alternative asset manager CoinShares.\n“The surge in June, spurred by BlackRock’s application for SEC approval of a Bitcoin ETF, led to a noticeable spike in prices,” said Butterfill in areportreleased Friday.\n“However, markets are now coming to terms with the realization that an immediate SEC approval for a Bitcoin ETF in the U.S. is unlikely. It’s noteworthy that current Bitcoin prices have stabilized around levels observed before this announcement,” he added.\nThe low volume and volatility in Bitcoin, a rise in U.S. treasury yields, as well as concerns over China’s ailing economy contributed to Bitcoin’s sharp weekly decline, the CoinShares report found.\n“The outlook for the markets in the forthcoming months presents a blend of opportunities and challenges. It’s anticipated that the U.S. Federal Reserve will refrain from hiking rates further in September,” Butterfill said.\nA dovish shift in Fed policy could provide a boost to Bitcoin’s prospects, he added.\n“On the flip side, investors are eagerl Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,868,117,994 - Hash Rate: 429722639.5074582 - Transaction Count: 550074.0 - Unique Addresses: 739287.0 Social & AI Sentiment: - Fear & Greed Index: 0.38 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Some stocks have skyrocketed year to date. Indeed, shares of some technology companies more than doubled over the last six months. This rally has been fueled by improving investor sentiment and excitement about artificial intelligence. Thesehypergrowth stocksappear to be carrying their momentum into the year’s second half, continuing to rally to new heights. Now, sometech stockshave achieved astronomical valuations simply due to portfolio rebalancing. While some analysts continue topredict a market downturn, there doesn’t appear to be any pullback in a number of hypergrowth stocks that keep outperforming the broader market by a wide margin. We asked artificial intelligence for its hypergrowth stock picks, and this is what it came up with. Here are seven hypergrowth stocks that AI is loving in July. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Ken Wolter / Shutterstock.com It might not be for everybody, but one hypergrowth stock that AI is loving in July isCarvana(NYSE:CVNA). Through six months of the year, CVNA stock has gained 740%. In January, the share price traded at less than $5 apiece. Today, it is near $40. Notably, the meteoric rise of the online used car retailer is widely attributed toa short squeeze. With more than 60% of Carvana’s stock sold short (meaning traders are betting it will go down), retail investors saw this potential short-squeeze target as one to buy. Apparently, AI didn’t take the effects of a short squeeze into account when recommending CVNA stock. The huge gains in Carvana’s share price this year make little sense. This is especially true when one considers that prices for used vehicles have been spiraling downward. The latest data showed that used car prices in the U.S. fell 4.2% in June from May of this year. Declining prices for used cars is one of the biggest factors inpushing the inflation rate downin America. But try telling that to the “apes” on r/WallStreetBets. Source: Yev_1234 / Shutterstock Marathon Digital Holdings(NASDAQ:MARA) is a leading cryptocurrency miner, and itsstock has been surgingthis year. So far in 2023, MARA stock is up nearly 400%. This move has been driven higher by the huge rebound in crypto asset prices, notablyBitcoin(BTC-USD), which has rallied 83% year to date and is trading above $30,000 at the time of writing. Other cryptocurrencies such asEthereum(ETH-USD) are also on the upswing, driving demand and momentum for MARA stock. In May, Marathon Digital reported that itsBitcoin production surged 74%year-over-year in Q1. It also said its cash holdings rose by $12 million, and the company managed to lower its net debt by $50 million. Certainly, this is all music to the ears of analysts and investors. Marathon Digital also increased its Bitcoin holdings by 3,132 BTC, and said it plans to further expand its Bitcoin mining operations as crypto prices remain buoyant heading into this year’s second half. Other crypto mining stocks have also risen sharply this year, but MARA stock gets the nod from AI. Source: Shutterstock Perhaps a bit ironically, one of the stock recommendations on this list is pure-play artificial intelligence companyC3.ai(NYSE:AI). In many respects, this recommendation makes sense, given the extreme hypergrowth seen in this stock year to date. Since January,AI stock has increased 264%, trouncing the performance of nearly every other security available. Retail investors, in particular, seem to love C3.ai, piling into the stock as they search for any investments related to the artificial intelligence theme. No mention was made of the fact that C3.ai is a comparatively small company and stock. The companygenerated only $72.4 million of revenuein its most recent quarter, and holds a market capitalization of $4.65 billion. Additionally, the growing short interest in C3.ai should be considered. Currently, more than a quarter of AI stock is sold short by professional traders, meaning they are betting that the share price will decline in coming months. Still, for now, momentum seems to be on the side of C3.ai, and it continues to be a hypergrowth stock AI thinks is worth buying. Source: Below the Sky / Shutterstock.com Microchip and semiconductor companyNvidia(NASDAQ:NVDA) was thebest-performing stockin theS&P 500benchmark during the first half of 2023. NVDA stock gained 190% between January and the end of June, far outpacing the index’s 16% first half gain. Indeed, NVDA stock continues to be in hypergrowth mode and is now up 206% on the year. Like C3.ai, Nvidia’s bull run can largely be attributed to the role its chips and semiconductors play in artificial intelligence applications. Seen as a key player in the AI arms race, NVDA stock is now up more than 600% over the last five years. The current rally has pushed the stock toa market capitalization above $1 trillion, officially making Nvidia a mega-cap technology concern. Despite the big run this year, Nvidia’s share price is seen as having more runway ahead. The company is certainly doing all it can to capitalize on the hype surrounding AI, recently unveiling a new supercomputer called DGX GH200 that will help companies create chatbots more powerful than ChatGPT. Source: sdx15 / Shutterstock.com Electric vehicle makerTesla(NASDAQ:TSLA) is another AI recommended hypergrowth stock, having risen 152% so far this year. Momentum in the stock has only grown since Tesla announced better-than-expected second quarterproduction and delivery numbers. The closest approximation to sales the company has, Tesla reported 466,140 vehicle deliveries in Q2, crushing Wall Street forecasts. The rise in deliveries coincided with incentives and discounts offered to buyers in the first half of the year, as well as a $7,500 U.S. federal tax credit. Tesla’s stock has also come roaring back since company CEO Elon Musk shifted his focus back to the EV maker and away from Twitter, the social media company he bought last fall for $44 billion. There had been concerns among analysts that Tesla faced competitive threats from larger, more established automakers. However, those worries seem to have been calmed by news that players such asFord Motor Co.(NYSE:F) will pay Tesla foraccess its charging network, further cementing the company’s lead in the EV market. Source: sylv1rob1 / Shutterstock.com Maybe it’s becauseApple’s(NASDAQ:AAPL) share price has rallied 52% this year. Or maybe it’s because the company recently became the first publicly traded company to achievea $3 trillion market capitalization. Whatever the reason, consumer electronics giant Apple is an AI-predicted hypergrowth stock. Having officially achieved a $3 trillion market valuation, Apple is today the world’s most valuable company. Apple is also one of the few mega-cap technology companies whose gains this year are not driven by its role in artificial intelligence. Compared to its peers, Apple has relatively little exposure to artificial intelligence. Rather, investors seem to be attracted to the company for its strong balance sheet, impressive free cash flow, and the popularity of its electronic devices like iPhones and MacBook computers. Apple also continues to push into new areas such as online payments andaugmented reality headsets. Most recently, Apple announced that it has opened a new store on the popularChinese social media app WeChat, expanding its reach in the nation of 1.4 billion people. Source: Jonathan Weiss / Shutterstock.com Momentum behind e-commerce companyAmazon(NASDAQ:AMZN) is expected to grow, with its latest Prime Day sales event that ran between July 11 and July 12.Bank of America(NYSE:BAC) analysts forecast that the latest Prime Day willgenerate $12 billion in salesfor Amazon, which would represent 10% year-over-year growth and give the company’s Q3 earnings a nice boost. It could also help to further boost AMZN stock, which is already up more than 50% this year. Beyond Prime Day, Amazon also recentlyopened its new second headquartersin Arlington, Virginia and announced plans to unveil a host of new technologies at an event scheduled to take place on September 20. The company said it will release itslatest and greatest tech devicesat a “Devices and Services” event in September. While it’s not clear what products Amazon plans to unveil at the upcoming event, the company launched the Kindle Scribe e-reader, Halo Rise sleep tracker device, and the Eero PoE 6 router at its similar 2022 event. Stay tuned. On the date of publication, Joel Bagloleheld long positions in NVDA, AAPL and BAC. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. • The #1 AI Name for 2023 Could Be About to Ignite This $20.6 Trillion Wealth Shift • Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. • The $1 Investment You MUST Take Advantage of Right Now • The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post7 Hypergrowth Stocks That AI Is Loving in Julyappeared first onInvestorPlace.... - Reddit Posts (Sample): [['u/changhuanese', 'What is the situation of Bitcoin as a legal tender in El Salvador? (From a Salvadoran)', 710, '2023-08-21 09:44', 'https://www.reddit.com/r/CryptoCurrency/comments/15x0pic/what_is_the_situation_of_bitcoin_as_a_legal/', 'Hi guys, \n\n\nI am quite new in this subreddit and I saw everyday people is posting about news from El Salvador. \nThere are some point that I would like to share from my perspective. \n\n\nIn El Salvador one of the main problems is that we are very behind in tech in general, the population don\'t like changes. \nHonestly the BTC as a legal tender have not been successful as it was expected, for many reasons, I will do a list here: \n1. Average Salvadoran earn USD 400 per month: This is one problem since make people only believe in cash, there is a huge percentage of the population that dont even have bank account, therefore for them use "Chivo Wallet" (The wallet founded by the government)\n\n \n2. "Chivo Wallet ATM" at the very beginning didnt have cash, so the people lost the trust they had, since there was always a sense of risk (don\'t be able to cash out the balance in "Chivo Wallet")\n\n \n3. The population didnt have time to study, and also no one teach how crypto (or at least BTC) works.\n\n \n4. The population in general start to panic after the bull run, since the government purchase very high, and started to decrease the valu day by day (Saying this at the beggining the government gave away for each user $30, therefore the people were tracking everyday their wallet and saw one of the risks of crypto (Volatile) within the first months.\n\n\n\n5. In El Salvador most of business are not accepting BTC anymore, only a couple located in Bitcoin Beach (El Zonte) \n\n\n6. Recently there are some news about the government teaching kids about BTC, this is a pilot plan, only 2 schools are running the program right now, and it was in rural areas, there are complains from parents, since in rural areas people is agains anything that is not cash. \n\n\nOf course there is many people in the crypto community in El Salvador, but usually in the crypto events there are only a few salvadoran, most of people that attend to these events are foreigners. Most of people feel it is only for the "elite"\n\nI hope this give you an insight of what we are living right now in El Salvador. \nIf you have other questions about what is the "real life" in El Salvador, please feel free to ask, I will answer according what I know (No speculation hahahaha) \n\n\nPS. Sorry for my grammar errors, English is not my first language. \n', 'https://www.reddit.com/r/CryptoCurrency/comments/15x0pic/what_is_the_situation_of_bitcoin_as_a_legal/', '15x0pic', [['u/Bitter_Storage_2918', 10, '2023-08-21 10:59', 'https://www.reddit.com/r/CryptoCurrency/comments/15x0pic/what_is_the_situation_of_bitcoin_as_a_legal/jx3wvgm/', 'Bukele fucked up', '15x0pic']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin stabilized Tuesday morning in Asia after dropping below the key US$26,000 support level overnight. Ether also dipped but held the US$1,600 mark. All other top 10 non-stablecoin cryptocurrencies traded flat to lower, with Polygon’s Matic leading the losers. Alternative asset manager CoinShares reported a US$55 million outflow in digital asset investment products last week. Analysts say disappointment from the stalemate on U.S. Bitcoin exchange-traded fund (ETF) applications has impacted sentiment. Meanwhile, the Forkast 500 NFT index continued its downward slide in the wake of NFT marketplace OpenSea’s decision to stop enforcing creator royalties. U.S. stock futures traded lower after Wall Street closed mixed on Monday. ETF logjam and low liquidity damaging sentiment Bitcoin dipped 0.10% in the last 24 hours to US$26,133.35 as of 07:30 a.m. in Hong Kong, expanding its weekly loss of 11.12%, according to CoinMarketCap data. The world’s leading cryptocurrency dropped to a low of US$25,846.09 just after midnight, but rallied to reclaim US$26,000 as the night progressed. “As the beginning of the week turned positive for traditional markets, crypto markets seem to — for now — be back in stagnation mode,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. “Many investors were understandably spooked by last week’s rapid rise in volatility and the subsequent price fall, which now means that a positive mood will only be just enough to keep crypto markets where they are.” For some analysts, last week’s rapid decline in the price of Bitcoin is a correction for price increases since June caused by ETF hype in the U.S. “The recent turmoil led BTC price to trading levels that mirror the ones preceding the Blackrock filing for their BTC Spot ETF,” Matteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, said in an emailed note. “The fear-of-missing-out (FOMO) which lasted a few weeks after the filing seems to be now disappeared, waiting for news on the matter,” Greco added. Low liquidity in the crypto market also contributed to last week’s slide. Limited trading volume is driving market makers — which typically absorb sudden fluctuations in supply and demand and help provide a more predictable trading environment — to wind down their activities and wait for a better time to fully resume operations. GSR Markets, described by Greco as “one of the most important market makers,” has recently gone through two rounds of layoffs in response to worsening market conditions. Greco pointed out that before GSR, influential market makers Jane Street and Jump took similar actions citing difficulties with the state of the market. Story continues Along with Bitcoin, Ether dropped 0.84% to US$1,667.73 and moved down 9.55% for the past seven days. All other top 10 non-stablecoin cryptocurrencies traded lower over the past 24 hours. Polygon’s Matic token led the losers. It dropped 3.53% to US$0.5589 for a weekly loss of 17.81%. Digital asset investment products saw an outflow of US$55 million in the week ending August 18. That followed a US$29 million inflow the previous week, according to a CoinShares report released Monday. “We believe this is in reaction to recent media highlighting that a decision by the U.S. Securities & Exchange Commission in allowing a U.S. spot-based ETF is not imminent,” the company wrote in the report. Bitcoin-linked investment products saw the majority of last week’s outflow, totaling US$42 million. Ethereum, Polygon, Litecoin and Polkadot also recorded outflows, while XRP-linked inflows totaled US$1.2 million. The total crypto market capitalization dipped 0.62% in the past 24 hours to US$1.05 trillion, while trading volume rose 35.31% to US$29.31 billion. NFT marketplace Recur to shut down The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index dropped 0.41% in the past 24 hours to 2,319.54 as of 10:10 a.m. in Hong Kong, falling 6.69% for the week. Forkast’s Ethereum Solana and Cardano NFT indexes also logged losses, while the Polygon index moved higher. “The Forkast 500 NFT Index reflects a tremendous loss of value this year which has accelerated this week following OpenSea’s announcement that they’re moving away from forced royalties,” said Yehudah Petscher, NFT strategist at Forkast Labs. OpenSea, one of the world’s largest NFT marketplaces, announced last week it will stop enforcing creator royalty fees from August 31, but will continue to charge a 2.5% fee for every transaction. “Yuga Labs, Animoca, and even Mark Cuban came out with statements calling the move a mistake for the digital economy and creators. Sentiment may be at a low point this year now and as one might expect, prices are tumbling,” said Petscher. The average NFT sales price in the week ending August 20 dropped to US$26.26, the lowest since August 2020 and down over 78% from the start of the year, according to data from CryptoSlam . “Now the flipside is that NFT transactions hit an all time high last week,” said Petscher. Participation matters a lot to me, and seeing 3,702,180 transactions tells me NFTs have reached a new height.” Amid rising transactions and sliding prices, sellers posted about US$9.5 million in losses last week, CryptoSlam data shows. Total NFT trading volume edged up 0.49% in the past 24 hours to US$13.60 million. Volumes on the Ethereum, BNB Chain and Cardano blockchains logged increases, while the Solana, Polygon and Bitcoin volumes dropped. Among NFT collections, Ethereum-based Bored Ape Yacht Club saw the largest 24-hour sales volume. It rose 60.15% to over US$2.04 million. Mythos Chain-based DMarket and Ethereum-based Mutant Ape Yacht Club ranked as the second and third largest collections by 24-hour trading volume. Elsewhere, NFT marketplace Recur announced on Saturday it would gradually shut down by November 16. Today, with heavy hearts, we must share some difficult news. After much contemplation and consideration, we’ve decided to deprecate the RECUR platform, effective November 16, 2023. Learn more: https://t.co/5NbiTQSAGo — RECUR (@RecurForever) August 18, 2023 The decision came less than two years after a US$50 million funding round investment raised the platform’s valuation to US$333 million. “Unforeseen challenges and shifts in the business landscape have made it increasingly difficult for us to continue providing the level of service and dedication that we have always strived to maintain,” said Recur in a Twitter thread on Saturday. All eyes on Nvidia Image: Getty Images U.S. stock futures were trading lower as of 11:20 a.m. in Hong Kong. The three major U.S. indexes closed mixed at the end of regular session trading Monday, with the S&P 500 and Nasdaq Composite logging gains, while the Dow Jones Industrial Average booked losses. Main stock indexes across Asia were mixed on Tuesday morning. China’s Shanghai Composite Index dipped, while Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei logged gains. AI chipmaker Nvidia spearheaded a rally in the technology sector on Monday. The U.S. tech giant posted gains of 8.5% after HSBC raised its price target for the U.S. firm’s stock to US$780, the second highest on Wall Street. Nvidia — whose share price has surged three times higher since the start of the year on the back of booming interest in artificial intelligence — will release its second-quarter earnings report on Wednesday. “I’ve been covering tech since 1994 and I have never seen an environment where you are so dependent on one company to deliver,” Inge Heydorn, partner at investment firm GP Bullhound, told Reuters. “AI is really the last pillar of growth and everybody is depending on it. If Nvidia shows weakness, we could be in for quite a substantial correction in the market,” Bullhound added. Meanwhile, investors await U.S. Federal Reserve Chair Jerome Powell’s opening speech at the Jackson Hole Economic Symposium on Friday. The Fed-held annual summit will be attended by central bank leaders from across the world. Powell’s speech could provide insights into the Fed’s thinking on monetary policy. “The Fed and investors will soon pivot from a focus on how high the policy rate will go to a concern about how long they will stay at that level — and what the implications are for a ‘higher for longer’ scenario,” Katie Nixon, chief investment officer at financial services firm Northern Trust, told Bloomberg. “In our view, Powell will want to stay on message, and will try to push back against a growing market consensus that rate cuts are on the 2024 horizon,” said Nixon. The U.S. interest rate currently sits between 5.25% and 5.50%, the highest level in the past 22 years. The CME FedWatch Tool predicts a 15.5% chance for a 25-basis-point rate hike at the Fed’s next meeting in September, up from 11.5% on Monday. In China, investors are assessing Beijing’s latest round of policy stimulus. Analysts suspect Monday’s smaller-than-expected interest rate cut by the central bank may not be enough to stop a slide toward recession. “The small injection of stimulus by China’s central bank in the ailing economy has proved largely underwhelming given the scale of the challenges erupting across sectors, but it has given investors hope there could be more to come,” Susannah Streeter, head of money and markets at U.K.-based financial service firm Hargreaves Lansdown, told Reuters. (Updates with equity section.) View comments', 'Bitcoin stabilized Tuesday morning in Asia after dropping below the key US$26,000 support level overnight. Ether also dipped but held the US$1,600 mark. All other top 10 non-stablecoin cryptocurrencies traded flat to lower, with Polygon’s Matic leading the losers. Alternative asset manager CoinShares reported a US$55 million outflow in dig Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $506,992,645,469 - Hash Rate: 380936887.228172 - Transaction Count: 420857.0 - Unique Addresses: 633631.0 Social & AI Sentiment: - Fear & Greed Index: 0.37 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoinhas been hampered by its own popularity. Thanks to the way theblockchainis designed, the speed of transactions is slow and the cost of transactions has increased. Researchers, developers, and the Bitcoin community have been trying to come up with a way of allowing Bitcoin—and othercryptocurrencies—to accommodate more transactions. Their best efforts to date have focused around something called theLightning Network. Can it fix the cryptocurrency's scaling problems? A blockchain has two limitations we need to explain before exploring potential fixes. The first isspeed. In a blockchain, blocks are essentially groups of transactions collected together. As part of a blockchain’s design, there are only so many transactions that can be included in a block. If your transaction doesn’t make it into the current block, it joins a queue. That queue can take anywhere from a few minutes to potentially a day or more to process, depending on how many other transactions are queued in themempool. That limits the blockchain’s use as a medium to process quick transactions, like buying a cup of coffee. No one wants to wait around for the network to verify you’ve got the cash. The Lightning Network's amazing progress this year The second limitation iscost. Bitcoin’s network, and others, are built upon a consensus protocol calledproof-of-work. This is whereminersexpend energy trying to solve a difficult puzzle. To help offset the cost of equipment and energy used in that calculation, miners charge transaction fees. When the system is small, and the number of transactions that need verifying is few and far between, the network works well and transaction costs are low. As the network grows, however, so do transaction fees, since there is limited space in each newly mined block. As a result, transactions with the highest fees are prioritized for processing when the system faces high usage. Bitcoin's scalability challenge became apparent toward the end of 2017 when millions of people jumped on the Bitcoin bandwagon and itstruggled to copewith the number of transactions. At its peak in December 2017, the average cost to process one transaction on the Bitcoin blockchain—whether the amount was $1 or $1,000—was$37. That made Bitcoin largely uneconomical as a currency. And that’s where the Lightning Network comes in. (We've got a whole article explaining more aboutBitcoin's limitations.) The Lightning Network is a layer-2 built on top of the Bitcoin network, meaning that it's built separately from the Bitcoin network but interacts with it. It’s made up of a system of channels that allows people or companies to move money between one another without needing to use the blockchain to verify the transaction. It bears similarities to the current settlement system used by companies like Visa and Mastercard. When you pay for something, it’s not instantly settled. Instead, there’s a quick verification of funds from the buyer and the request from the seller—giving the green light for a transaction to take place. The actual settlement of funds happens later—in some cases, days or weeks. The Lightning Network is run by a network of nodes that process payments, and transactions are commonly made using QR codes—instead of complex public keys. In theory, it could allow thousands, or even hundreds of thousands, of transactions to take place instantly, making small transactions economical. The bottom line is, payments are faster and cheaper. The Lightning Network has its origins inmusingsby Satoshi Nakamoto, the pseudonymous creator of Bitcoin, but was formalized by researchers Joseph Poon and Thaddeus Dryja, who published awhite paperabout the Lightning Network on January 14, 2016. They argued that a network of micropayment channels could fix the scalability issues of the Bitcoin network, rather than changing the Bitcoin network itself to allow more transactions. Lightning Labs, a blockchain engineering lab, helped to launch a beta version of the Lightning Network in March 2018—alongside a host of individuals and other companies including ACINQ and Blockstream. It was initially funded via a $2.5 million seed round, which included notable investor Jack Dorsey (whose company Square has since funded severalgrantsfor Bitcoin and Lightning Network projects). The first version of the Lightning Network was launched on Bitcoin in March 2018. The Lightning Network was the first attempt at a second-layer solution, but others followed. The Lightning Network is faster and cheaper because it skirts the main Bitcoin blockchain. It has an unstructured network set up around it. Channels are the ad hoc, peer-to-peer connections through which payments are made. Any number of payments can be sent in a channel. The network is maintained by nodes that route payments. Nodes are run by everyday people—or corporations—running a program on their desktops, laptops, or Raspberry Pis. This keeps the Lightning Network decentralized. To start using the Lightning Network, any amount of Bitcoin needs to be locked up in a payments channel. Then, it can be spent across the Lightning Network until the channel is closed. When someone wants to receive a transaction, they create an invoice, a long alphanumeric string of digits—often represented using QR codes. The person who wants to make the payment simply needs to scan this invoice with their Lightning Wallet and confirm (by providing a digital signature) the payment. When a payment is made, the confirmation is sent across the network to the person who originally made the request. This is known as a peer-to-peer network and means the processing of payments is not reliant on any one party. This typically happens in just a few seconds—hence the name "Lightning." Since payments aren't made on the Bitcoin blockchain, they're not subject to long wait times and high fees. This means that much smaller payments, or micropayments, can be made for as little as one satoshi (one hundred millionth of a Bitcoin). Once someone has finished using the network, they can close that channel and exit, and then use their BTC again on the standard Bitcoin network. Let’s say you want to transact with your local coffee shop. First, you’d need to send some Bitcoin to a wallet that requires more than one signature or key to release the funds. These are commonly referred to asmultisigwallets. In the case of the Lightning Network, it allows people to enter into an agreement that ensures a payment is received, effectively creating a balance sheet. Electrum wallet goes in beta with Bitcoin Lightning support Every time you buy a cup of coffee a new balance sheet is created, and you sign it with your public key to reflect what’s left in your wallet as well as what’s in the coffee shop’s wallet. If you don’t want to buy coffee anymore from that coffee shop, you can close the channel, and the resulting balance sheet is committed to the blockchain as a permanent record. Payment disputes also can be settled by referring to the last signed balance sheet between the two parties. What happens if you don’t have a direct channel with the next place you want to buy something from? The network will find the shortest route between you and the shop via others in the network. You can connect to the Lightning Network either by running a node or by using a Lightning wallet. Here are our top picks: If you don’t want the full-node experience, you can download theBitcoin Lightning Walletapp on your Android phone, which sorts everything out in the background. With this, you can open a Lightning channel and start making transactions with other users. It’s also “non-custodial,” meaning you look after your own keys—keeping your Bitcoin in your hands. (We tried it out by paying for ataxi ride). Bitcoin Lightning Wallet review: Too technical and lacking guidance Read our review of theBitcoin Lightning Wallet. If you want to use the Lightning Network but don’t want to look after your own funds,Blue Walletis a custodial service that runs a node for you. It allows you to send and receive Lightning payments, but doesn’t let you withdraw your Bitcoin from the Lightning Network. To get the full Lightning Network experience, you can tryrunning a full node. How to Run a Bitcoin Node on a Raspberry Pi (2021) So what does this mean? Well, for a start, you’re now supporting the Bitcoin network and the Lightning Network by checking that transactions are legitimate. It also means you can connect it to your computer and make transactions from your own node. This literally makes you your own bank; you are the only person owning and controlling your funds. Scary, huh? If you’re feeling more ambitious, you could set up a full Lightning Node. This takes a lot more computer know-how. It means downloadingEclaironto your computer—or a homemade Raspberry Pi—and running it. You are then routing transactions on the network and can make your own transactions. Eclair also offers a mobile version for Android users calledEclair Mobile. This is a stripped-down Lightning node, which means you stay in control of your Bitcoin. You can connect it to your own Eclair Lightning Node if you’re running one. There’s only one catch: You can’t receive payments. Eclair explains why inthis blog post. (TL;DR: It’s safer and easier for them.) Once you’ve set up your own node, what next? Are you stuck with using a desktop app?Lightning Jouleis a browser extension that lets you connect your Lightning Node to your browser so that you can easily make payments within Chrome, Firefox, Opera, andBrave. It’s a convenient hack. For a start, you can make payments to anyone else who has a Lightning wallet set up. But there’s more to the Lightning Network: As a digital currency, it's easily integrated into websites without the need for third parties. Three surprising ways people are using Bitcoin's Lightning Network Although the vast majority of crypto companies don’t yet accept Lightning transactions, that figure is slowly growing. Nonetheless, ... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Bitcoin fell Wednesday morning in Asia to trade below US$26,000. Ether also dropped to near the US$1,600 support level as all other top 10 non-stablecoin cryptocurrencies traded flat to lower. Solana’s SOL led the losers. The Forkast 500 NFT index declined, while a former manager at NFT marketplace OpenSea received jail time for insider trading. U.S. stock futures edged higher after Wall Street closed mixed on Tuesday. S&P Global Ratings joined the Moody’s ratings agency in downgrading a number of U.S. banks. New Bitcoin support level at US$25,000? Bitcoin dipped 0.71% in the last 24 hours to US$25,946.61 as of 07:20 a.m. in Hong Kong and lost 11.05% for the week, according to CoinMarketCap data. The world’s leading cryptocurrency has been trading around the US$26,000 mark this week following a near 10% slide last Friday. But it reached a 24-hour low of US$25,520.73 on early Wednesday morning. After the previous week’s nosedive, some crypto analysts are predicting further losses. Social media commentator Ali Martinez put the token’s new key support level at US$25,400 . Keith Alan, co-founder of analytics firm Material Indicators, put it as low as US$25,000 . Both Martinez and Alan said losing the key support level could drive the token to a new low in the US$20,000 range. “Bitcoin prices falling below a US$25,000 support level could be considered a bearish indicator, from a technical perspective, as it may signal a general uptrend reversal,” Wade Guenther, partner at U.S.-based asset management firm Wilshire Phoenix, said in an emailed comment. Meanwhile, Bitcoin’s technical indicators including the Relative Strength Index ( RSI ) and the Moving Average Convergence Divergence ( MACD ) suggest the token’s price could be oversold. “The 50-day moving average (MA) has begun to sharply diverge towards the 200-day MA. Generally, it could be considered a bearish signal if the 50-day MA crosses below the 200-day MA,” added Guenther. On the regulatory front, investors await a much-anticipated verdict in the lawsuit between Grayscale Investments and the U.S. Securities and Exchange Commission (SEC). Grayscale has applied for permission from the regulator to convert its Bitcoin trust product (GBTC) to a spot Bitcoin exchange-traded fund (ETF). However, the decision was delayed twice last week. That delay added to the delays of other Bitcoin applications. On Aug. 11 the SEC delayed its decision on the ETF application submitted by Cathie Wood’s Ark Invest. Elsewhere, decentralized finance (DeFi) platform Balancer reported Tuesday that it had detected a vulnerability affecting several of its liquidity pools. Story continues Balancer has received a critical vulnerability report affecting a number of V2 Pools. Emergency mitigation procedures have been executed to secure a majority of TVL, but some funds remain at risk. Users are advised to withdraw affected LPs immediately. https://t.co/PDzX32gqeS pic.twitter.com/F1f649Wz3L — Balancer (@Balancer) August 22, 2023 The company said it has introduced “emergency mitigation procedures” to secure user assets. An update on early Wednesday showed 1.4% of the total value locked (TVL) on Balancer was still at risk. That would amount to US$9.19 million, according to data from DefiLlama. Like Bitcoin, Ether posted losses. It fell 2.20% to US$1,631.18 for a 10.75% decline over the past seven days. Most other top 10 non-stablecoin cryptocurrencies traded lower over the past 24 hours. The exceptions included Tron’s TRX, which logged a gain of 0.20%. Solana’s SOL token led the losers, dropping 3.35% to US$20.54 and 13.78% for the week. Binance’s BNB token also posted losses. It dropped to a 14-month low of US$204.40 on early Wednesday evening after a Wall Street Journal report said the world’s leading crypto exchange helped Russian entities move money abroad after Russia invaded Ukraine — a violation of international sanctions. The company denied the claim, saying it follows global sanction rules on Russia. The report could prove damaging given Binance’s mounting regulatory challenges . The SEC sued the company in June for alleged securities violations. The total crypto market capitalization creeped closer to the psychologically important US$1 trillion level, dropping 1.46% in the past 24 hours to US$1.04 trillion. Trading volume rose 8.88% to US$31.95 billion. Ex-OpenSea exec sentenced to jail for insider trading The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index dipped 0.59% in the past 24 hours to 2,300.54 as of 10:20 a.m. in Hong Kong, falling 7.08% for the week. Forkast’s Ethereum, Solana and Cardano NFT indexes also logged losses, while the Polygon index remained flat. Total NFT trading volume rose 21.95% in the past 24 hours to US$15.22 million. Volumes on the Ethereum, Solana and Polygon blockchains logged increases, while Bitcoin and Cardano volumes dropped, according to data from CryptoSlam . With the average NFT sales price at US$36.11 — down over 50% from the start of July — NFT sellers posted a net loss of US$2.14 million in Tuesday’s trading. “(We are seeing) a continued loss of value across blockchains,” Yehudah Petscher, NFT strategist at Forkast Labs, said in a YouTube video posted Tuesday. “Total transactions and average sales price (on Monday) both almost a mirror image of Sunday, so you can see we are kind of stagnant right now,” Ethereum-based Bored Ape Yacht Club (BAYC) topped the 24-hour sales volume for NFT collections. It rose 83.68% in the past 24 hours to US$3.01 million. Mythos Chain-based DMarket and Ethereum-based Mutant Ape Yacht Club placed second and third in the ranking. Nathaniel Chastain, a former product manager at NFT marketplace OpenSea, was sentenced by a U.S. district court to three months in jail Tuesday for insider trading. He was found guilty of fraud and money laundering in May for using confidential information about the platform to profit from NFT trades. Chastain’s case was the first-ever insider-trading case in the U.S. to involve digital assets. The former OpenSea executive bought and sold NFTs he knew would feature on OpenSea’s homepage and would, as a result, rise in price. The court found that he made over US$57,000 in profit from the trades. OpenSea itself is under fire for its announcement last week that it will stop enforcing creator royalties from August 31. The platform will still charge a 2.5% marketplace fee for all transactions. OpenSea’s decision received widespread criticism. Mark Cuban — a U.S. entrepreneur and investor in OpenSea — said the move is a “huge mistake” that “diminished trust in the platform and hurts the (NFT) industry.” Yuga Labs, the creator of hit NFT collection BAYC, said it would gradually wind down its presence on the OpenSea marketplace following the announcement. Given the significance of BAYC to the overall NFT market, that could spell bad news for OpenSea. “Yuga’s 30-day volume is 80% the size of OpenSea’s. This is the leverage that IP has over NFT Marketplaces,” Trevor Owens, chief executive officer at NFT intelligence platform Ninjalerts, tweeted on Saturday. Yuga's 30d volume is 80% the size of OpenSea's This is the leverage that IP has over NFT Marketplaces The NFT Marketplaces are dead without the most important IP Will this lead to walled garden marketplaces by IP owners? That's much more complicated, so I'm not sure.… pic.twitter.com/FHdWG99q07 — trevor.btc (@TO) August 19, 2023 Elsewhere, Web3 social media application Friend.tech renamed its “shares” to “keys” on Tuesday. Some analysts said the platform — which allows users to buy and trade the so-called “keys” to unlock gated Telegram-like chat rooms and other privileges — acted to avoid potential legal problems amid a spate of lawsuits brought by the SEC against digital asset firms. The switch from “shares” to “keys” was “probably to get around being called a security,” said Petscher. The question of whether digital assets such as cryptocurrencies and NFTs are securities is the source of much of the legal debate surrounding the industry. S&P joins Moody’s in downgrading US banks Image: Envato Elements U.S. stock futures were trading higher as of 12:30 p.m. in Hong Kong. The three major U.S. indexes closed mixed at the end of regular session trading Tuesday, with the S&P 500 and the Dow Jones Industrial Average logging losses and the Nasdaq Composite edging higher. Main stock indexes across Asia were mixed on Tuesday morning. China’s Shanghai Composite Index and South Korea’s Kospi dropped, while Hong Kong’s Hang Seng and Japan’s Nikkei moved higher. U.S. bank shares dropped Tuesday after financial intelligence corporation S&P Global downgraded the credit ratings of five U.S. banks on Monday citing “tough operating conditions.” “While many measures of asset quality still look benign, higher rates are pressuring borrowers,” S&P wrote in a report viewed by Bloomberg . “Banks with material exposures to commercial real estate, especially in office loans, could see some of the greatest strains.” The news followed a similar downgrade on ten banks by ratings firm Moody’s Investors Service two weeks earlier. Despite concerns in the banking sector, U.S. stock futures rose as investors await Nvidia’s second-quarter earning release on Wednesday. Analysts expect the AI chipmaker’s revenue to surpass its own forecast from three months ago. The company’s shares hit an all-time high of US$481.87 on Tuesday, but ended the day 2.77% down for the day. The U.S. Federal Reserve Chair Jerome Powell will give the opening speech at the Jackson Hole Economic Symposium on Friday. The Fed-held annual summit will be attended by central bank leaders from across the world. Powell’s speech could provide insights into the Fed’s future monetary policy. July’s strong U.S. economic data indicated that “the reacceleration scen Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,538,232,200 - Hash Rate: 392623891.9211836 - Transaction Count: 417822.0 - Unique Addresses: 652036.0 Social & AI Sentiment: - Fear & Greed Index: 0.37 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: It was the court case the entire crypto industry was waiting for—the showdown between the Securities and Exchange Commission and Ripple, an early digital assets firm behind the popular XRP token. The SEC alleged that sales of XRP constituted offering unregistered securities, while Ripple defended its $25 billion market, chiding the SEC's lack of clear guidance. On Thursday, a federal judge agreed partly in favor of both parties, with Ripple—and the broader crypto industry—appearing the early victor. The existential question for the U.S. crypto sector has been whether the thousands of tokens, from Bitcoin and Ether to Dogecoin and Pepecoin, are securities—a financial term for an investment contract, which would require registration with the SEC. Crypto firms have argued that working with the agency is impossible under the current rules, while the SEC has accused nearly every token, with the clear exception of Bitcoin, as operating illegally. Ripple became an important trial balloon for the debate. In 2020, the SEC charged the company—founded in 2012 with the promise of disrupting the global payments network through its proprietary token, XRP—and two of its executives with raising over $1.3 billion through an unregistered digital asset securities offering. Unlike other subjects of SEC lawsuits, Ripple challenged the case, which has been litigated for the past three years in the Southern District of New York. The proceedings have enraptured the crypto industry, especially as the SEC has aggressively pursued other exchanges and projects for allegedly offering unregistered securities. A decision that found XRP was not a security could buoy other firms and weaken the SEC's torrent of lawsuits against the industry, while a total victory for the SEC would have proved disastrous and likely climbed its way to the Supreme Court. Even as the case progressed—including a dramatic release of emails from a previous SEC director that Ripple's lawyers said supported its "fair notice defense," which argues the agency has not provided sufficient information on its legal interpretations—some crypto participants worried that it could set back the industry. Unlike other projects, Ripple is unabashedly centralized (many other projects have argued their tokens are not securities because they are decentralized) and also sports a loyal, and often toxic, army of supporters called the XRP Army that openly bashes critics. The result, released on Thursday, is a mixed bag. The 34-page decision by Judge Analisa Torres found that institutional sales of XRP by Ripple did constitute unregistered securities. The institutional sales—written contracts arranged with buyers such as hedge funds—constituted around $728 million. More consequentially, Torres found that programmatic sales—sales from Ripple that occur on the open market, like exchanges—were not an investment contract and not a security. Story continues "Therefore," the judge wrote, "the vast majority of individuals who purchased XRP from digital asset exchanges did not invest their money in Ripple at all." Torres did not agree with Ripple fair notice defense—an argument employed by other firms in their SEC lawsuits, including Coinbase —writing that the Howey test for determining what constitutes an investment contract is a clear guideline. The question of whether Ripple's two executives—Brad Garlinghouse and Chris Larsen—aided and abetted the sale of XRP will go to trial, with Torres rejecting the SEC's motion for summary judgment. Crypto industry onlookers immediately hailed the decision as a victory for the sector, as many of the SEC's recent lawsuits have been against tokens sold on exchanges. With secondary sales on exchanges a step removed from programmatic sales—where the company engages trading algorithms to sell its tokens—the result will have widespread implications for the sector, although the judge did not address secondary market sales. XRP surged after the decision, rising some 30% at the time of publication. The SEC will likely appeal the decision. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home View comments... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Bloomberg) -- A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers as services spending turns out to be a rare bright spot amid deepening investor pessimism. Most Read from Bloomberg Citadel Vets 69,000 Intern Applicants to Find Next Math Geniuses Putin Agrees to Visit China in First Trip Since Arrest Warrant What to Do With a 45-Story Skyscraper and No Tenants S&P 500 Climbs 1% as Traders Dial Back Fed Wagers: Markets Wrap US Court Paves Way for Spot Bitcoin ETF in Grayscale Ruling The world’s largest meal delivery service is forecast to report a 32% surge in revenue for the second quarter later Thursday, its fastest growth since 2021, Bloomberg compiled data show. Such topline growth would beat Alibaba Group Holding Ltd.’s 14% increase and JD.com’s 7.6% rise reported earlier this month. Meituan’s shares have advanced more than 4% over the past month, versus declines in Alibaba, JD, and PDD Holdings Inc. Year to date, Meituan remains deep in the red, having lost about 25% amid concerns over intensifying competition. “Among its peers, Meituan should benefit the most from the surge in travel demand and dining out activities, with at least 30% of its profit this year coming from related business,” said Catherine Lim, an analyst at Bloomberg Intelligence. --With assistance from Akshay Chinchalkar. Most Read from Bloomberg Businessweek Nigeria’s Train to Nowhere Shows How Not to Build Public Transit The Next Wave of Scams Will Be Deepfake Video Calls From Your Boss Stock Pickers Never Had a Chance Against Hard Math of the Market Luxury Villas Rise in Palestinian Boomtown Built on Shaky Peace Lyme Disease Has Exploded, and a New Vaccine Is (Almost) Here ©2023 Bloomberg L.P.', '(Bloomberg) -- A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers as services spending turns out to be a rare bright spot amid deepening investor pessimism.\nMost Read from Bloomberg\n• Citadel Vets 69,000 Intern Applicants to Find Next Math Geniuses\n• Putin Agrees to Visit China in First Trip Since Arrest Warrant\n• What to Do With a 45-Story Skyscraper and No Tenants\n• S&P 500 Climbs 1% as Traders Dial Back Fed Wagers: Markets Wrap\n• US Court Paves Way for Spot Bitcoin ETF in Grayscale Ruling\nThe world’s largest meal delivery service is forecast to report a 32% surge in revenue for the second quarter later Thursday, its fastest growth since 2021, Bloomberg compiled data show. Such topline growth would beat Alibaba Group Holding Ltd.’s 14% increase and JD.com’s 7.6% rise reported earlier this month.\nMeituan’s shares have advanced more than 4% over the past month, versus declines in Alibaba, JD, and PDD Holdings Inc. Year to date, Meituan remains deep in the red, having lost about 25% amid concerns over intensifying competition.\n“Among its peers, Meituan should benefit the most from the surge in travel demand and dining out activities, with at least 30% of its profit this year coming from related business,” said Catherine Lim, an analyst at Bloomberg Intelligence.\n--With assistance from Akshay Chinchalkar.\nMost Read from Bloomberg Businessweek\n• Nigeria’s Train to Nowhere Shows How Not to Build Public Transit\n• The Next Wave of Scams Will Be Deepfake Video Calls From Your Boss\n• Stock Pickers Never Had a Chance Against Hard Math of the Market\n• Luxury Villas Rise in Palestinian Boomtown Built on Shaky Peace\n• Lyme Disease Has Exploded, and a New Vaccine Is (Almost) Here\n©2023 Bloomberg L.P.', '(Bloomberg) -- Nvidia Corp. acknowledged that the US may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, reiterating a broadly held view among top chipmakers. Most Read from Bloomberg Putin Agrees to Visit China in First Trip Since Arrest Warrant Citadel Vets 69,000 Intern Applicants to Find Next Math Geniuses What to Do With a 45-Story Skyscraper and No Tenants US Court Paves Way for Spot Bitcoin ETF in Grayscale Ruling Stocks Up Most Since June as Fed Bets Sink Yields: Markets Wrap Nvidia Chief Financial Officer Colette Kress, speaking on a conference call with analysts late Wednesday, argued that existing curbs on the sale of AI chips and high-end components were already having the desired effect. The company is currently prohibited from offering its high-end graphics processing unit, or GPU, in the country \x97 though it sells a less powerful version of the chip in China. \x93Over the long term, restrictions prohibiting the sale of our data center GPUs to China, if implemented, will result in a permanent loss of an opportunity for the US industry to compete and lead in one of the world\x92s largest markets,\x94 Kress said following Nvidia\x92s earnings announcement. The finance chief said she was addressing reports on the potential for increased regulations \x93on our exports to China.\x94 Read More: How US and Allies Are Trying to Rein In China Tech In the more immediate term, though, stricter rules wouldn\x92t take a heavy toll on Nvidia\x92s finances, she said. \x93Given the strength of demand for our products worldwide, we do not anticipate that additional export restrictions on our data center GPUs, if adopted, would have an immediate material impact to our financial results,\x94 Kress said. Kress\x92s boss, Chief Executive Officer Jensen Huang, recently joined counterparts from Intel Corp. and Qualcomm Inc. in a visit to Washington to argue for a pause in escalations of export controls. The Biden administration says restrictions are needed to safeguard US national interests and prevent the advancement of China\x92s military. Story continues Bloomberg has reported that further restrictions are being considered that would limit Nvidia\x92s ability to ship to the Asian nation \x97 the biggest market for semiconductors. Read More: Huawei Building Secret Network for Chips, Trade Group Warns Nvidia, benefiting from an industrywide race toward artificial intelligence computing, delivered a third-straight sales forecast that surpassed Wall Street estimates Wednesday. That fueled a 6% share rally in late trading. The company gets about two-thirds of its sales from outside the US, though it doesn\x92t disclose revenue in China. The leading association of global chip companies, meanwhile, is warning that Huawei Technologies Co. is building a collection of secret semiconductor-fabrication facilities across China \x97 a shadow manufacturing network that would let the blacklisted company skirt US sanctions and further the nation\x92s technology ambitions \x97 Bloomberg News has reported. Most Read from Bloomberg Businessweek Nigeria\x92s Train to Nowhere Shows How Not to Build Public Transit The Next Wave of Scams Will Be Deepfake Video Calls From Your Boss Luxury Villas Are Going Up in a Palestinian Boomtown Built on Shaky Peace Stock Pickers Never Had a Chance Against Hard Math of the Market Lyme Disease Has Exploded, and a New Vaccine Is (Almost) Here ©2023 Bloomberg L.P.', '(Bloomberg) -- Nvidia Corp. acknowledged that the US may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, reiterating a broadly held view among top chipmakers.\nMost Read from Bloomberg\n• Putin Agrees to Visit China in First Trip Since Arrest Warrant\n• Citadel Vets 69,000 Intern Applicants to Find Next Math Geniuses\n• What to Do With a 45-Story Skyscraper and No Tenants\n• US Court Paves Way for Spot Bitcoin ETF in Grayscale Ruling\n• Stocks Up Most Since June as Fed Bets Sink Yields: Markets Wrap\nNvidia Chief Financial Officer Colette Kress, speaking on a conference call with analysts late Wednesday, argued that existing curbs on the sale of AI chips and high-end components were already having the desired effect. The company is currently prohibited from offering its high-end graphics processing unit, or GPU, in the country — though it sells a less powerful version of the chip in China.\n“Over the long term, restrictions prohibiting the sale of our data center GPUs to China, if implemented, will result in a permanent loss of an opportunity for the US industry to compete and lead in one of the world’s largest markets,” Kress said following Nvidia’s earnings announcement. The finance chief said she was addressing reports on the potential for increased regulations “on our exports to China.”\nRead More: How US and Allies Are Trying to Rein In China Tech\nIn the more immediate term, though, stricter rules wouldn’t take a heavy toll on Nvidia’s finances, she said.\n“Given the strength of demand for our products worldwide, we do not anticipate that additional export restrictions on our data center GPUs, if adopted, would have an immediate material impact to our financial results,” Kress said.\nKress’s boss, Chief Executive Officer Jensen Huang, recently joined counterparts from Intel Corp. and Qualcomm Inc. in a visit to Washington to argue for a pause in escalations of export controls. The Biden administration says restrictions are needed to safeguard US national interests and prevent the advancement of China’s military.\nBloomberg has reported that further restrictions are being considered that would limit Nvidia’s ability to ship to the Asian nation — the biggest market for semiconductors.\nRead More: Huawei Building Secret Network for Chips, Trade Group Warns\nNvidia, benefiting from an industrywide race toward artificial intelligence computing, delivered a third-straight sales forecast that surpassed Wall Street estimates Wednesday. That fueled a 6% share rally in late trading. The company gets about two-thirds of its sales from outside the US, though it doesn’t disclose revenue in China.\nThe leading association of global chip companies, meanwhile, is warning that Huawei Technologies Co. is building a collection of secret semiconductor-fabrication facilities across China — a shadow manufacturing net Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,169,191,725 - Hash Rate: 384329020.9651023 - Transaction Count: 399151.0 - Unique Addresses: 660102.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies fell on Thursday morning in Asia as the U.S. public holiday this week slowed trading and some investors seemed to be taking profits off recent gains. Bitcoin is still up 1% for the week, with BlackRock’s head Larry Fink backing the world’s biggest cryptocurrency as having the potential to revolutionize finance. Litecoin and Cardano led the losers. Bitcoin fell 1.06% over the last 24 hours to US$30,465 at 06:35 a.m. in Hong Kong, while its weekly gain stood at 1.02%, according todatafrom CoinMarketCap. The token, which had a market cap of US$591 billion as of Thursday, has risen 83% so far this year in a rebound from the bear market slump in 2022. “Bitcoin is still the main driver of trading volume albeit that is also soft – no doubt linked to the July 4th U.S. public holiday washing through,” said Caroline Bowler, the chief executive officer of Australia-based crypto exchange BTC Markets, in a text message toForkast. “We may be seeing the effects of this reduced liquidity and greater asset concentration playing out, with some greater price sensitivities in trading,” Bowler added. “The industry is coming out of the prolonged bear market so this is to be expected.” The price dip came after a run up in many tokens sparked by growing optimism around the possible approval of Bitcoin exchange-traded funds (ETFs) in the U.S., which will open the cryptocurrency to a wider pool of investors. BlackRock, the world’s largest asset manager that oversees about US$10 trillion, filed applications to launch the first publicly traded spot Bitcoin ETFs on June 15. It refiled the application on Monday after the regulator, the Securities and Exchange Commission, reportedly said it was lacking in detail. Larry Fink, chief executive officer of BlackRock Inc., said Wednesday that he wanted to “democratize” cryptocurrencies with the ETF filings, in an interview with Fox Business. Fink also said Bitcoin is an international asset that could revolutionize finance. Ether lost 1.55% to US$1,911, though it was holding onto a gain of 4.40% for the past seven days. All other top 10 cryptocurrencies by market capitalization lost ground, with Litecoin and Cardano leading the losing pack. Litecoin slipped 3.84% to US$102.19 in what appeared to be profit taking after the token gained ahead of its halving on Aug. 2 and its listing on EDX Markets, the Wall Street-backed crypto exchange in the U.S. that opened on June 20. Litecoin is still up 22.72% on the week. Cardano’s ADA lost 3.60% to US$0.2843 while adding 5.61% for the week. Today’s correction also seemed linked to profit-taking, even as parent company Input Output Global Inc. on WednesdayreleasedMarlowe, a so-called toolset to build smart contracts on the blockchain. The total cryptocurrency market cap fell 1.32% to US$1.19 trillion in the last 24 hours, while crypto trading volume rose 0.58% to US$31.27 billion, according to CoinMarketCap data. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. The Forkast 500 NFT index rose 0.96% in the 24 hours to 07:30 a.m. in Hong Kong to 2,801.94, but logged a loss of 1.72% for the week. While the Forkast Ethereum NFT index rose, the indexes measuring the performance of Solana, Polygon and Cardano-based NFT markets all declined. Investors remain basically pessimistic, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “Forkast 500 NFT Index is up almost 1%, though still has traders wondering if this is a dead cat bounce, or if there is enough value with these discounted NFT prices that collections have fallen to recently,” Petscher said. “Most are betting this is not the bottom, and a new update from the Blur marketplace has traders worried.” Blur marketplace took the NFT world by storm when it launched last November, and its 30-day trading volumesurpassedprevious NFT leader OpenSea in February. Blur picked up more steam when it launchedBlend, a peer-to-peer lending protocol for NFTs on May 2. Blur is expanding its popular reward system that distributes $Blur tokens to users that have met certain criteria as “airdrops,” but Petscher says this could be bad news for NFTs overall. “Blur is introducing rewards for trait offers, which means traders who bid on specific NFT traits on select projects will receive Blur reward points. These points will contribute to the amount of $Blur tokens that traders will receive at the end of Blur’s season 2 airdrop,” said Petscher. This will lead to morefarmers— buyers that generate income through staking NFTs — to prevail in the market over pure collectors. “The concert with the new mechanic is that traders will artificially inflate the rarer NFTs in collections, as you receive more points the higher a bid is from the floor price of the collection,” said Petscher. “We’ll see how the new trait offers affect NFT prices, but it’s expected to continue artificially inflating NFT prices, and then culminate in floor crashes like we saw recently.” By NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3.76 million, with the volume surging 74.52% on the day. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — placed second by transactions volume, rising 22.03% to US$1.86 million. Total NFT trading volume dropped 4.61% to US$28.3 million. Volume on Ethereum fell 9.36% to US$19.3 million according to Cryptoslamdata. Volume on the Bitcoin network gained 11.97% to US$3.69 million, while volumes on Polygon, Solana and BNB also rose. U.S. stock futures dipped as of 10:45 a.m. Thursday in Hong Kong, pointing to another down day for stocks that fell during regular trading on Wednesday. Futures on the Dow Jones Industrial Average, S&P 500 futures and Nasdaq all declined by about 0.1%. Minutes from the Federal Reserve’s June meeting showed most Fed officials favor more interest rate increases this year, adding to the conviction the U.S. will raise rates again this month, according toTrading Economics. This concern hit Asian equities as well. Hong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi all moved lower. China’s Shanghai Composite managed a marginal gain of 0.1% on Thursday. U.S. Treasury Secretary Janet Yellen arrives in Beijing on Thursday and investors anticipate that the meetings she will have through July 9 may help stabilize relations between the world’s two largest economies, currently marked by sanctions and distrust. On economic indicators, the U.S. releases initial jobless claims and the services purchasing managers’ index on Thursday. The Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 88.7% chance for a 25-basis-point rate increase, up from 87.4% on Tuesday. The likelihood the Fed won’t increase is now at 11.3%. (Updates to add equities section)... - Reddit Posts (Sample): [['u/VeparUSvemiru', 'What would happen to the BTC price if', 22, '2023-08-24 14:41', 'https://www.reddit.com/r/Bitcoin/comments/1600vt8/what_would_happen_to_the_btc_price_if/', 'Question:\n\nThe current market cap of Bitcoin is $513,700,000,000 the current price of BTC is $26,400 and according to some analyses, around 6.3% of BTC is still available on exchanges.\n\nWhat would happen to the BTC price if someone were to suddenly buy all of this 6.3%?\n\nthnx!', 'https://www.reddit.com/r/Bitcoin/comments/1600vt8/what_would_happen_to_the_btc_price_if/', '1600vt8', [['u/SmoothGoing', 45, '2023-08-24 14:52', 'https://www.reddit.com/r/Bitcoin/comments/1600vt8/what_would_happen_to_the_btc_price_if/jxjpgnc/', "That's also the same as suddenly selling those alleged 6.3%. So..", '1600vt8']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ahead of the U.S Federal Reserve Chair Jerome Powell’s Friday speech at Jackson Hole, investors are looking for signs of an end to the rate hike cycle, with repercussions for the crypto market. Ether moved lower to near the US$1,600 support level, while most other top 10 non-stablecoin cryptocurrencies logged losses. Solana led the losers after its own day of gains Thursday. The Forkast 500 NFT index gained slightly as the Solana blockchain’s new partnership with e-commerce platform Shopify points to better times ahead for NFTs. U.S. stock futures traded mixed after Wall Street closed lower on Thursday, with all three major U.S. indexes logging losses of over 1%. Bitcoin gives up gains as cautionary mood prevails Bitcoin dropped 1.40% in the last 24 hours to US$26,081.21 as of 07:20 a.m. in Hong Kong and traded 2.90% lower for the week, according to CoinMarketCap data. The world’s leading cryptocurrency reached a low of US$25,914.93 on early Friday, a 2.9% decline from its high daily high of US$26,688.48 on Thursday. According to Samer Hasn, market analyst at Australia-based global multi-asset broker XS.com, the current caution in the crypto market is due to increased regulatory scrutiny in the U.S. The U.S. Securities and Exchange Commission (SEC) has brought lawsuits against a number of digital asset firms, including Ripple Labs, Binance.US and Coinbase. Luxembourg-based cryptocurrency exchange Bitstamp said Thursday it will stop Ether staking services for U.S. customers from Sep. 25 in light of recent regulatory developments. Hasn said the “negative sentiment may continue to put pressure on the cryptocurrency market in the coming weeks or months until a regulatory and legislative environment that regulates the cryptocurrency market becomes clear.” He pointed to data from blockchain intelligence firm Santiment that shows Bitcoin whales moving large amounts of the token to their wallets as a further sign of a decline in market sentiment. Story continues “The relatively huge movements in cryptocurrency wallets, led by Bitcoin, may continue to weaken the confidence of participants and fuel a state of caution about what may happen in the future in the market and lead to collapses or wide fluctuations,” Hasn added. Greta Yuan, head of research at Hong Kong-based digital asset exchange VDX, said that investors have to recognize that “the bear market is not over yet.” With trading volume across the market still weak, Bitcoin’s price could remain in the range of US$25,000-27,000 for some time, she added. Alongside Bitcoin’s losses, Ether also dipped 1.40% to US$1,652.77 and was down 3.27% over the past seven days. Most other top 10 non-stablecoin cryptocurrencies traded lower over the past 24 hours. The exception was Binance’s BNB token, which edged up 0.58% to US$217.48 but still logged a weekly loss of 1.87%. Mastercard said it will end four crypto card programs in Argentina, Brazil, Colombia and Bahrain by September 22. The global payment giant was partnered with Binance on the four programs. No reason was provided for the cancellations, first reported by Reuters on Thursday. Solana’s SOL token led the losers, falling 3.09% to US$20.90 for a weekly loss of 4.98%. SOL reached a four-day high of US$21.99 on Thursday as it announced that Solana Pay — a free-to-use payment protocol built on the Solana blockchain — has partnered with Canada-based e-commerce platform Shopify to allow USDC stablecoin payments for online shopping without intermediary fees. The total crypto market capitalization dropped 1.23% to US$1.05 trillion. Trading volume fell 22.52% to US$27.41 billion. Signs of life for NFTs? The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index edged up 0.20% over the past 24 hours to 2,274.13 as of 10:00 a.m. in Hong Kong, but was still down 7.36% for the week. Forkast’s Ethereum and Cardano NFT indexes dropped, while the Solana and Polygon indexes moved up. “Global sales are up to over US$15m in the past 24 hours and the Forkast 500 has been flashing green over this period. I wouldn’t expect this to last though,” said Yehudah Petscher, NFT strategist at Forkast Labs, via a note. Total NFT trading volume rose 24.48% in the past 24 hours to US$15.20 million. Volumes on the Ethereum, Solana, Polygon and Cardano blockchains all logged increases, while the Bitcoin network’s volume dropped, according to data from CryptoSlam . Solana spearheaded the increase in NFT trading volumes, surging over 125% in the past 24 hours to US$2.24 million and second place in CryptoSlam’s volumes ranking. “A majority of these sales are behind a new profile-picture (PFP) collection called Meegos that was created by Blocksmith Labs. In just a few hours the collection has 10x the sales as the second ranked Solana collection, totaling over US$1 million in sales today,” Petscher said. Meanwhile, Solana’s recently-announced partnership with e-commerce platform Shopify has provided a much-needed boost to the NFT market. “Most NFTs you have to pay for with crypto, and we need crypto adoption,” Petscher said in a video posted to YouTube Thursday. “This is just an inevitable step to bring people into Web3, like what we’re seeing with Paypal and their introduction of a stablecoin, so mass adoption is happening,” he added. Ethereum-based Bored Ape Yacht Club (BAYC) continued to top the 24-hour sales volume for NFT collections. It rose 6.64% in the past 24 hours to US$1.28 million. Solana-based Meegos and Mythos Chain-based DMarket placed second and third in the ranking. Meanwhile, art NFTs — especially generative art — remain a big seller, despite the bear market. Momentum, a generative art collection by Dutch artist Rik Oostenbroek, was released on Thursday as part of Velocity — an NFT series launched by crypto exchange Bybit and Formula One racing team Oracle Red Bull Racing. It sold out within the day. MOMENTUM SOLD OUT. Thank you so much for the great collaboration @redbullracing @Bybit_Official @ArtOnInternet pic.twitter.com/7ENN6IrugX — Rik Oostenbroek (@RikOostenbroek) August 24, 2023 Elsewhere, Eric Calderon, founder of generative art platform Art Blocks, released his “heart + craft” NFT collection on the Arbitrum blockchain on Friday. Each of the NFTs in the collection contain a generative art piece and a 3D printable model that can be used to generate physical replicas of the artwork. Powell speech to shed light on Fed policy U.S. Federal Reserve Chair Jerome Powell\|Getty Images U.S. stock futures were trading mixed as of 11:10\xa0 a.m. in Hong Kong. Wall Street closed lower at the end of regular session trading Thursday. All three major U.S. indexes fell more than 1% as the Nvidia-led tech rally subsided. Main stock indexes across Asia also dipped on Friday morning. China’s Shanghai Composite Index, Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei all logged losses All eyes are now on the Federal Reserve Chair Jerome Powell’s opening speech at the Jackson Hole Economic Symposium on Friday, which will be attended by central bank leaders from across the world. The speech will provide further insights into the Fed’s future monetary policies. The Fed raised its interest rate to between 5.25% and 5.50% in July, the highest level in 22 years. Powell said following July’s meeting that the central bank will take a “data-dependent” approach when deciding how to reduce the country’s annual inflation below its long-term goal of 2%. “Fading expectations of recession have brought the focus back to inflation and a potential tight Fed,” analysts at Bank of America said in note viewed by Reuters . “Risk assets have started showing more signs of weakness than at any other point this year,” they added. “We therefore think equities are more at risk of a macro-driven shock than the market is pricing in.” Ahead of Powell’s speech, Boston Federal Reserve President Susan Collins told Yahoo! Finance on Thursday that the Fed might need to raise the interest rate further and keep it elevated for longer. “I think it is going to take some time to really be sure we are seeing sustained realignment of demand and supply that is needed in order to bring inflation back on a path that will get back to 2%,” said Collins. Meanwhile, Philadelphia Federal Reserve President Patrick Harker told CNBC on Thursday he thought the Fed should keep the interest rate as it is “for a while.” The economy could see rate cuts in 2024 depending on the data, he added. The CME FedWatch Tool predicts a 19.5% chance for a 25-basis-point rate hike at the Fed’s next meeting in September, up from 13.5% on Thursday. (Updates with equity section.)', 'Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ahead of the U.S Federal Reserve Chair Jerome Powell’s Friday speech at Jackson Hole, investors are looking for signs of an end to the rate hike cycle, with repercussions for the crypto market. Ether moved lower to near the US$1,600 support level, while most other top 10 non-stablecoin cryptocurrencies logged losses. Solana led the losers after its own day of gains Thursday. The Forkast 500 NFT index gained slightly as the Solana blockchain’s new partnership with e-commerce platform Shopify points to better times ahead for NFTs. U.S. stock futures traded mixed after Wall Street closed lower on Thursday, with all three major U.S. indexes logging losses of over 1%.\nBitcoin dropped 1.40% in the last 24 hours to US$26,081.21 as of 07:20 a.m. in Hong Kong and traded 2.90% lower for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency reached a low of US$25,914.93 on early Friday, a 2.9% decline from its high daily high of US$26,688.48 on Thursd Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $506,176,742,588 - Hash Rate: 373269193.0236605 - Transaction Count: 425192.0 - Unique Addresses: 706946.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) investment products suffered a $13 million outflow last week, bucking the trend of consecutive weeks of massive inflows as investors instead favored funds focusing on smaller cryptocurrencies such as ether (ETH) and Ripple’sXRP, crypto asset manager CoinSharesreportedMonday. Digital asset funds overall witnessed weekly outflows of $6.5 million after gaining $742 million of inflows through the previous four weeks. The trend reversal came as BTC investors have seemingly run out of positive news to bid on after some major catalysts in recent weeks. Global asset management giant BlackRockfiledfor a long-coveted spot BTC exchange traded fund on June 15, followed by a swarm of competitorsrenewingtheir applications. The BlackRock news spurredinvestors to pile moneyinto BTC-focused investment funds over the next month at the fastest pace since October 2021. XRP’spartial court victoryover the U.S. Securities and Exchange Commission (SEC) earlier this month sent BTC’s price to a fresh yearly high, before its price quickly reverted below $30,000. The ruling, however, improved investor confidence in altcoins – alternative crypto assets to BTC – which was underscored by positive fund flows through last week. ETH-focused investment products enjoyed the largest inflows among all cryptocurrencies, totaling $6.6 million. The growth suggests that “sentiment, which has been poor this year, is beginning to turn around” for the second largest crypto asset, noted James Butterfill, head of research at CoinShares. XRP funds experienced $2.6 million of inflows, totaling $6.8 million, or 8% of all assets under management inflows, over the last 11 weeks. “This implies investors are increasingly confident in the outlook for XRP,” Butterfill said. Funds holding smaller altcoins such as Solana’sSOL, UniSwap’sUNIand Polygon’sMATICwitnessed positive flows of $1.1 million, $0.7 million and $0.7 million, respectively.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• US stocks rose Friday as markets brushed off Powell\'s warnings of more possible Fed tightening.\n• The Fed chief said the central bank could hike interest rates further "if appropriate" to tame inflation.\n• Investors seemed to ignore the warning, pushing to the Dow up almost 250 points during the session.\nUS stocks ended higher on Friday as investors brushed off Jerome Powell\'s speech at the Jackson Hole Symposium, where the Fed Chair warned more central bank policy tightening could be in order.\nAt the event, Powell reiterated that prices were still above the Fed\'s 2% inflation target, though central bankers have made good progress cooling down inflation down over the last year.Prices accelerated just 3.3% in July, down from thea peak of 9.1% recorded in June 2022.\n"It is the Fed\'s job to bring inflation down to our 2% goal, and we will do so," Powell said in his speech Friday morning, adding that the central bank would continue to assess inflation\'s descent and raise rates "if appropriate."\nStill, expectations of the Fed\'s future policy moves remained about the same, though investors slightly raised their bets that the central bank will hike rates another 25 basis-points at its November policy meeting. Such a rate move has been priced in with a 46% probability, according to theCME FedWatch tool, up from a 42% probability yesterday.\n"Powell said little to change market expectations in the very short-term," CIBC Private Wealth\'s Gary Pzegeo said in a statement on Friday. "Beyond September, markets may have to adjust the rate outlook higher, particularly if the recent run of faster than expected growth continues to play out."\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,405.73, up 29.42%\n• Dow Jones Industrial Average:34,346.96, up 0.73% (+247.54 points)\n• Nasdaq Composite:13,590.65, up 0.94%\nHere\'s what else happened today:\n• The housing market is so unaffordableZillow is now offering prospective homebuyers a 1% down payment option.\n• The average homebuyer lost $71,000 in purchasing powerover the last year, according to a recent Redfin analysis.\n• A US debt explosion could force the Fed to halt a key tightening campaignto stabilize the financial system.\n• Fears of a stock market crash among investors are the highest since 2020, Yale data shows.\n• The stock market will keep moving higheruntil these two things happen, Bank of America warned.\n• China\'s economy is facing a lopsided supply and demand problemthat\'s been years in the making.\n• Taylor Swift, Beyonce, and "Barbieheimer" could end up boosting US GDP by $8.5 billion, according to a Bloomberg analysis.\n• Billionaire investor Ray Dalio says India\'s moon landingis a sign of its growing economic power.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 1.32% to $80.09 a barrel.Brent, the international benchmark, rose 1.7% to $84.80 a barrel.\n• Goldslipped 0.28% to $1,942.60 per ounce.\n• The yield on the 10-year Treasury yield was nearly flat at 4.239%.\n• Bitcoininched lower 0.01% to $26,015.\nRead the original article onBusiness Insider', 'Fed chief Powell reiterated that inflation was still above the Fed\'s 2% target. AP Photo/Susan Walsh, File US stocks rose Friday as markets brushed off Powell\'s warnings of more possible Fed tightening. The Fed chief said the central bank could hike interest rates further "if appropriate" to tame inflation. Investors seemed to ignore the warning, pushing to the Dow up almost 250 points during the session. US stocks ended higher on Friday as investors brushed off Jerome Powell\'s speech at the Jackson Hole Symposium, where the Fed Chair warned more central bank policy tightening could be in order. At the event, Powell reiterated that prices were still above the Fed\'s 2% inflation target, though central bankers have made good progress cooling down inflation down over the last year. Prices accelerated just 3.3% in July , down from the a peak of 9.1% recorded in June 2022 . "It is the Fed\'s job to bring inflation down to our 2% goal, and we will do so," Powell said in his speech Friday morning, adding that the central bank would continue to assess inflation\'s descent and raise rates "if appropriate." Still, expectations of the Fed\'s future policy moves remained about the same, though investors slightly raised their bets that the central bank will hike rates another 25 basis-points at its November policy meeting. Such a rate move has been priced in with a 46% probability, according to the CME FedWatch tool , up from a 42% probability yesterday. "Powell said little to change market expectations in the very short-term," CIBC Private Wealth\'s Gary Pzegeo said in a statement on Friday. "Beyond September, markets may have to adjust the rate outlook higher, particularly if the recent run of faster than expected growth continues to play out." Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,405.73, up 29.42% Dow Jones Industrial Average : 34,346.96, up 0.73% (+247.54 points) Nasdaq Composite : 13,590.65, up 0.94% Here\'s what else happened today: The housing market is so unaffordable Zillow is now offering prospective homebuyers a 1% down payment option . The average homebuyer lost $71,000 in purchasing power over the last year, according to a recent Redfin analysis. A US debt explosion could force the Fed to halt a key tightening campaign to stabilize the financial system. Fears of a stock market crash among investors are the highest since 2020 , Yale data shows. The stock market will keep moving higher until these two things happen, Bank of America warned . China\'s economy is facing a lopsided supply and demand problem that\'s been years in the making. Taylor Swift, Beyonce, and "Barbieheimer" could end up boosting US GDP by $8.5 billion , according to a Bloomberg analysis. Billionaire investor Ray Dalio says India\'s moon landing is a sign of its growing economic power. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 1.32% to $80.09 a barrel. Brent , the international benchmark, rose 1.7% to $84.80 a barrel. Gold slipped 0.28% to $1,942.60 per ounce. The yield on the 10-year Treasury yield was nearly flat at 4.239%. Bitcoin inched lower 0.01% to $26,015. Read the original article on Business Insider', 'In this article, we discuss 10 best performing technology ETFs in 2023. If you want to skip our discussion on the current technology landscape, head directly to 5 Best Performing Technology ETFs in 2023 . In 2023, technology stocks are experiencing a strong surge in value following a significant decline in 2022. However, despite the substantial gains driven partially by the recent hype around artificial intelligence, investors in ETFs are not uniformly rushing to invest in the sector. The movement of money within the technology sector this year has left Todd Sohn, an ETF strategist at Strategas, perplexed. In June 2023, he pointed out the outflow of funds from two major ETFs – the Technology Select Sector SPDR Fund (NYSE:XLK), which mirrors a tech stock index in the S&P 500, and the Invesco QQQ Trust (NASDAQ:QQQ), providing investors exposure to the tech-focused Nasdaq-100 index. Despite both ETFs surging by more than 30% this year following a dismal performance in 2022, Sohn identified the outflows from the Invesco QQQ Trust (NASDAQ:QQQ) in this year as unusual. He noted that even though investors are gravitating toward the smaller, more economical version of the fund, the Invesco NASDAQ 100 ETF (NASDAQ:QQQM), for tech exposure, the substantial gains of the former haven\'t been accompanied by a clear trend of herd behavior. Regarding the Technology Select Sector SPDR Fund (NYSE:XLK), ETF investors seem to still harbor "some skepticism" about the recovery of the U.S. equity market from the harsh downturn of the previous year, Sohn commented. Dave Nadig, a financial futurist at VettaFi, believes that another profitable stretch awaits in the technology and artificial intelligence space. However, he indicated that there are constraints to the potential upside. Nadig forecasted that the sectors set to experience the most significant growth are industrial, robotics, and automation. He commented : “AI is going to have a long-term and significant positive effect on GDP ... [But] it’s very difficult to pick public companies that are going to be the outsized beneficiaries of that. We run into this all the time when we have cool new technology … and we end up buying Google and Microsoft and Apple and Nvidia, which we all already probably own too much of.” NVIDIA Corporation (NASDAQ: NVDA ) CEO Jensen Huang expects that the surge in artificial intelligence will extend well into 2024. To substantiate his optimism, he made what could possibly be the largest individual investment in the technology sector. NVIDIA Corporation (NASDAQ:NVDA)’s Q2 financial results exceeded Wall Street\'s predictions, and the company disclosed intentions to repurchase an additional $25 billion worth of its own common shares – a strategy commonly employed when a company\'s leadership believes its value is underrated. Although NVIDIA Corporation (NASDAQ:NVDA)’s stock price has surged by over threefold this year and was poised to achieve a record peak following Q2 results, the company intends to boost the production of its hardware well into the following year. This has effectively dispelled concerns raised by a few analysts regarding the sustainability of the AI frenzy. Additionally, NVIDIA Corporation (NASDAQ:NVDA) enjoys a near-monopoly over the computing systems that drive services like ChatGPT. Story continues In this article, we discuss some of the best performing technology ETFs in 2023, which offer investors exposure to Broadcom Inc. (NASDAQ: AVGO ), Microsoft Corporation (NASDAQ: MSFT ), and DraftKings Inc. (NASDAQ: DKNG ). Our Methodology We used an ETF screener and filtered out Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,228,553,738 - Hash Rate: 378799106.9943814 - Transaction Count: 497513.0 - Unique Addresses: 747932.0 Social & AI Sentiment: - Fear & Greed Index: 0.38 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Crypto investors will be eyeing a flurry of U.S. jobs, housing and other macroeconomic data this week for signs of their dream scenario: that inflation is waning without casting the economy into a steep recession. To be sure, even a continuation of recent encouraging signs, including last Wednesday’s slightly more than expected drop in the Consumer Price Index (CPI), is unlikely to stir the U.S. central bank from its plan to raise the interest rate by 25 basis points (bps). The Federal Open Market Committee (FOMC) begins its nexttwo–day policy meeting, during which it will come to a rate decision, on July 25. The FedWatch tool, which gauges sentiment about interest rate decisions, has risen above 97%, up slightly from its already lofty perch in recent weeks, and multiple bank officials have maintained that inflation remains a threat to the economy, even after halting rate increases last month. Monetary hawkishness has tended to weigh on crypto prices, raising investor angst about central bank overstep. Read More:Bitcoin Dips Below $30K to Lowest Since Late June as Altcoins Pare Gains From XRP Lawsuit Last week’s 3.1% reading, which continued a downward trend, left crypto markets largely unmoved (a partly favorable court decision about Ripple’s XRP had a greater impact), as did the following day’s mildly encouraging Producer Price Index (PPI) for June and a few faint signs earlier this month that the job market is cooling. This week will include retail, industrial productivity and home sales, along with the usual weekly jobless claims. On Tuesday, the U.S. Commerce Department releases June retail sales, with consensus for a 0.5% rise, up from last May’s 0.3% reading, which beat expectations. Continued growth suggests that consumers are continuing to spend on household and other goods, a sign of the sort of economic expansion that leads to higher prices. The same day, the Fed releases Industrial Production figures that will offer an additional snapshot of economic growth in May. Industrial Production ticked down 0.2% in May after rising the previous two months. On Thursday, the Labor Department will release weekly jobless claims. Expectations are for 240,000 unemployment claims, up from last week’s 237,000 total. The number of claims has recently been hovering comfortably above 200,000 even as observers of the unemployment market look for more sizeable increases that would indicate a cooling of the hot job market. Also on Thursday, the National Association of Realtors, a trade group, publishes its June report on existing home sales with expectations for the market to continue slowing. A robust housing market has contributed to inflationary pressure.In May, existing home sales inched up 0.2% but were off 20% from the previous year, same month, while the median sale price of $396,100 was down 3.1%. The earnings season for big banks started largely favorably last week with JPMorgan Chase net income and revenue surging 67% and 34%, respectively. This week, Bank of America (BAC), Morgan Stanley (MS), Charles Schwab (SCHW), PNC Financial Services (PNC), and Bank of New York Mellon (BK) will report on Tuesday, while Goldman Sachs (GS) will report the following day.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["(Bloomberg) -- Blink and you’ll probably miss the latest crypto fad.\nMost Read from Bloomberg\n• UBS Flags Cost Cuts After $29 Billion Credit Suisse Windfall\n• Europe's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon Footprint\n• Hong Kong to Shut Down City Before Super Typhoon Saola Hits\n• US Health Officials Urge Moving Pot to Lower-Risk Category\n• Putin Moves to Seize Control of Wagner’s Mercenary Empire\nA hot new social-media project that enlivened an otherwise dull summer for digital-asset traders is already beginning to fizzle out, after reaching a peak that at one point made it the highest-earning service provider in decentralized finance.\nIt’s called friend.tech, a blockchain-based platform that allows users to buy and sell digital tokens linked to their favorite influencers on X (formerly Twitter), which act as a gateway to communicate with other backers in dedicated group chats. Early creators on the platform include crypto personalities like Cobie and HsakaTrades, as well as Milwaukee Bucks basketball player Grayson Allen and Y Combinator CEO Garry Tan.\nLess than two weeks after its Aug. 10 debut, fees on friend.tech — where 10% of every token purchase or sale gets split between the influencer and the platform — rose to a high of almost $1.7 million, according to data from DeFiLlama. That height, reached on Tuesday, made friend.tech the highest-earning platform after the Ethereum blockchain itself at one point, with the app generating around $7.5 million in fees since its launch as of Friday, per a Dune Analytics dashboard tracked by crypto asset manager 21.co.\nBut as quickly as its rise began, the hype soon diminished. Fees began to droop, and were nearly 70% lower by Friday compared to Tuesday’s peak. The number of new users joining the platform daily also tanked, falling from 20,360 new accounts on Monday to just 4,484 on Friday — a decrease of almost 80%. The precise cause of friend.tech’s fading star is not yet known, though a report from crypto research firm Messari noted user gripes regarding “high trading fees, slow load times and a steep pricing curve” which determines how tokens on friend.tech are valued.\nThe premise of friend.tech relies on the outsize role that personalities on platforms like X play in the success or failure of new crypto startups, making them an appealing target for monetization. Social media is also a hotly contested area of development in crypto, with the likes of Aave’s Lens Protocol and Twitter co-founder Jack Dorsey’s BlueSky among those to have launched in the last year.\nRead more: Crypto Wants to Save Social Media\nBut so far, friend.tech has turned out to be subject to the same speculative mania that often tails new crypto projects, making it more like Dogecoin than a vibrant social-media platform. Even venture capitalists are wondering whether every idea requires a level of speculation in order to be successful in the current market.\n“The nature of crypto bakes ownership in as a feature. It’s an alternative to the advertising model that drove the tech giants,” Simon Taylor, head of strategy at fraud prevention startup Sardine, said in a message. “The upside is more privacy and potentially a share in growth. The risk is speculative games.”\nTeething Problems\nFriend.tech runs on Coinbase’s new blockchain network Base, with its early runaway success representing a rare bright spot on a chain that’s been flooded by token scams since its launch. The dramatic spike in activity, mostly generated by automated trading bots seeking to capitalize on friend.tech’s meteoric rise, also juiced Base’s transactions per second to briefly surpass that of Ethereum.\nThe app has also begun to attract creators from platforms such as OnlyFans, a subscription-based service which similarly permits access to private group chats as well as exclusive content. But even in its short life, friend.tech is already experiencing problems.\nInfluencer tokens, originally called “shares,” were renamed by friend.tech’s developers on Monday as “keys” — a move that was likely an attempt to distance them from securities rules after eagle-eyed lawyers noted the possible overlap with US regulators’ current crackdown on such assets. Criticism has also mounted from traders over friend.tech’s lack of a privacy policy — a core requirement for any platform in the modern era.\nAnd those same bots that drove the spike in transactions on friend.tech are contributing most to the platform’s subsequent downturn, according to 21.co’s Tom Wan. Automated bots can manipulate the order in which a transaction happens, so when an influencer tries to make their first key, bots are able to get ahead and buy it before them at the cheapest price possible. Creators are then left to buy their key at a higher price on the market, disincentivizing them in the process. The same can happen in the secondary market, forcing legitimate users to have to pay a higher fee to acquire the same stake.\nTrack Record\nSome have likened friend.tech’s model — where its underlying structure of only providing creators with a cut of token transactions means they don’t have much incentive to stick around past the initial sale — to nonfungible tokens. NFTs themselves have a poor track record in this regard, with one of their main selling points — the ability for creators to earn ongoing royalties long after the first sale — largely failing to materialize and, in some cases, being slashed or blocked altogether. Overall, NFT sales at the start of this month were down more than 95% since the sector’s January 2022 peak at $288 million, per CryptoSlam data.\nThe idea of tokenizing famous crypto personalities and allowing users to buy shares in them is nothing new, either. An Andreessen Horowitz and Sequoia-backed platform known as BitClout attempted a similar endeavor in 2021, quickly racking up almost $170 million worth of Bitcoin from investors and users after reserving thousands of accounts for influencers in advance. It soon encountered legal backlash after one of those influencers disputed BitClout’s use of their information without consent, and the company later underwent its own rebrand.\nUltimately, friend.tech’s main problem goes to the heart of what’s been crypto’s top problem all along: providing a utility that encourages user stickiness beyond the ability to speculate. Already, others are developing tools on top of friend.tech to help game that financial system: tips on how to pick out the next biggest riser, a trader leaderboard and token price charts.\n“In its current form, you’re basically looking at an unintended Ponzi with first in/first out because there isn’t any product feature depth to create stickiness or retention,” said Ryan Wyatt, former president of Polygon Labs, in a post on X.\n“There is undoubtedly interesting social [and] crypto loops to explore here,” he added. “But call a spade a spade, we know how these things play out in the absence of a sticky product with real value.”\nIf the platform can’t find a way to encourage those who aren’t crypto natives to find some benefit from the service, then it’s likely to go the same way as everything else in this industry once a newer, shinier novelty comes along — into the ether.\n--With assistance from Philip Brian Tabuas.\nMost Read from Bloomberg Businessweek\n• America Is the World Leader in Locking People Up. One City Found a Fix\n• How a Tiny Mexican Border City Built a Budget Dental Empire\n• Is Carlos Alcaraz the Next Billion-Dollar Tennis Player?\n• The Hostile Takeover of Blue Cities by Red States\n• Can You Name These Cities?\n©2023 Bloomberg L.P.", "(Bloomberg) -- Blink and you’ll probably miss the latest crypto fad. Most Read from Bloomberg UBS Flags Cost Cuts After $29 Billion Credit Suisse Windfall Europe's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon Footprint Hong Kong to Shut Down City Before Super Typhoon Saola Hits US Health Officials Urge Moving Pot to Lower-Risk Category Putin Moves to Seize Control of Wagner’s Mercenary Empire A hot new social-media project that enlivened an otherwise dull summer for digital-asset traders is already beginning to fizzle out, after reaching a peak that at one point made it the highest-earning service provider in decentralized finance. It’s called friend.tech, a blockchain-based platform that allows users to buy and sell digital tokens linked to their favorite influencers on X (formerly Twitter), which act as a gateway to communicate with other backers in dedicated group chats. Early creators on the platform include crypto personalities like Cobie and HsakaTrades, as well as Milwaukee Bucks basketball player Grayson Allen and Y Combinator CEO Garry Tan. Less than two weeks after its Aug. 10 debut, fees on friend.tech — where 10% of every token purchase or sale gets split between the influencer and the platform — rose to a high of almost $1.7 million, according to data from DeFiLlama. That height, reached on Tuesday, made friend.tech the highest-earning platform after the Ethereum blockchain itself at one point, with the app generating around $7.5 million in fees since its launch as of Friday, per a Dune Analytics dashboard tracked by crypto asset manager 21.co. But as quickly as its rise began, the hype soon diminished. Fees began to droop, and were nearly 70% lower by Friday compared to Tuesday’s peak. The number of new users joining the platform daily also tanked, falling from 20,360 new accounts on Monday to just 4,484 on Friday — a decrease of almost 80%. The precise cause of friend.tech’s fading star is not yet known, though a report from crypto research firm Messari noted user gripes regarding “high trading fees, slow load times and a steep pricing curve” which determines how tokens on friend.tech are valued. Story continues The premise of friend.tech relies on the outsize role that personalities on platforms like X play in the success or failure of new crypto s Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $509,506,837,688 - Hash Rate: 320735010.301812 - Transaction Count: 413594.0 - Unique Addresses: 606069.0 Social & AI Sentiment: - Fear & Greed Index: 0.38 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: LAS VEGAS, July 28, 2023 --( BUSINESS WIRE )-- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (" Ault Alliance ," or the " Company ") announced today that it has entered into a service agreement with Shareholder Intelligence Services, LLC (" ShareIntel ") to assist the Company to determine if there is illegal short selling activities in its common stock. ShareIntel will utilize its patented process called DRIL-Down™, a compliance driven service-as-a-software program designed for public companies to track stockholder ownership and monitor critical broker-dealer and stockholder movement, to investigate and report on potential illegal naked short selling activities of the Company’s stock. ShareIntel will aggregate and analyze repository data from reporting entities, broker-dealers and stockholders, enabling the Company to identify parties to possible aberrant or unusual trading activity and assist the Company to deploy corrective action steps to help curtail such activity. "Based on the trading pattern of the stock, we are concerned that our company may have been the target of a market manipulation scheme involving illegal short selling of our stock over the past year, and we are committed to investigating and exposing any wrongdoing," said Milton "Todd" Ault, III, the Executive Chairman of Ault Alliance. "By working with ShareIntel, we may find potential reporting anomalies among market makers, banks, broker-dealers and clearing firms, including efforts to artificially depress our market stock price. Investigating and attempting to remedy any wrongdoing would support our continuing commitment to protect our investors and maximize stockholder value. The Company believes such manipulation to be completely unacceptable, as it distorts the value of the targeted companies and negatively impacts the stockholders who have invested their hard-earned money." Story continues David Wenger, President and Chief Executive Officer of ShareIntel, stated, "We look forward to helping Ault Alliance identify parties that may be engaging in abusive and illegal naked short selling." For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.ault.com or available at www.sec.gov . About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and colocation and offers hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com . Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.ault.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20230728746789/en/ Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin, Ether and other top 10 non-stablecoin cryptocurrencies held steady on Monday morning in Asia. Crypto investor sentiment remains cautious, although JPMorgan Chase & Co. analysts report that downward price momentum in the market has slowed. The Forkast 500 NFT Index gained after Donald Trump’s arrest triggered a surge in sales of the former U.S. president’s signature NFT collection. U.S. equity futures gained despite U.S. Federal Reserve chair Jerome Powell using his highly anticipated Jackson Hole speech on Friday to double down on the potential for interest rates to stay higher for longer.\nBitcoin posted a minimal gain of 0.08% for the last 24 hours to reach US$26,050.62 as of 06:40 a.m. in Hong Kong. The token was trading 0.59% lower for the week, according to CoinMarketCapdata. The world’s leading cryptocurrency hovered around US$26,000 over the weekend, briefly dipping below the key support level several times.\n“TheCryptocurrency Fear and Greed Indexis in “Fear” territory for the latest week,” said Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, in an emailed statement.\n“By this measure, the market is far from oversold and not yet attractive to bargain hunters,” he said, adding that Bitcoin has entered another long period of horizontal price movement.\nEther gained 0.35% to US$1,653.79, while losing 1.73% in the last seven days. Alongside most other cryptos, including Bitcoin, it posted heavylossesAug. 18 as macroeconomic factors — includinguncertaintyover upcoming Fed moves on interest rates,depreciationof the Chinese yuan and the bankruptcy of Chinese property giant Evergrande — weighed on the market.\n“Ethereum is consolidating around US$1,650, a significant pivot level of the last 12 months,” said Kuptsikevich. He warned that a failure to maintain this level could take the price to US$1,200 “within a week or two.”\nContrastingly, areportby analysts at JPMorgan Chase & Co. forecast “limited downside” for the crypto market as losses slow. They found a drop in the number of Bitcoin-linked futures contracts on exchanges that are yet to be settled — a sign that downward price movement is losing its momentum.\nOther top 10 non-stablecoin cryptocurrencies were steady to mixed.\nSolana led the gains, rising 1.99% to US$20.73, but it still posted a loss of\xa04.89% for the week. That drop came despite news last week that Solana Pay — a free-to-use payment protocol built on the Solana blockchain — has partnered with Canada-based e-commerce platform Shopify to allow USDC stablecoin payments for online shopping without intermediary fees.\nThe total crypto market capitalization grew 0.18% to US$1.05 trillion. Trading volume also rose 6.88% to US$16.28 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe main Forkast 500 NFT index edged up 0.07% over the past 24 hours to 2,244.41 as of 11:45 a.m. in Hong Kong, but was down 3.71% for the week. Forkast’s Ethereum, Polygon and Cardano indexes moved down, while the Solana index rose.\nTotal NFT trading volume rose 0.33% in the past 24 hours to US$10.02 million. Volume on Ethereum and Polygon fell while Solana, Mythos and BNB logged increases, according todatafrom CryptoSlam.\nMeanwhile, the public release of Donald Trump’s police mugshot Thursday caused a surge in the price of the former U.S. presidents signature NFTs. The average price of Trump Digital Trading Cards on the NFT marketplaceOpenSeajumped 70% to 0.1913 ETH (US$358) on Sunday from 0.1118 ETH on Wednesday.\nThe mugshot is part of the criminal case brought by the Georgia state government against Trump for electoral interference at the end of the 2020 presidential race. The image is the first mugshot taken of a former president in U.S. history. Trump tweeted the picture on his official X account on Friday. It was his first tweet since being reinstated to X (formerly Twitter) following a ban in January 2021.\nThe tweet had 250.4 million views and 1.6 million likes as of Monday afternoon in Asia.\n“The more Trump is in the news, the more these will sell,” said Yehudah Petscher, NFT strategist for Forkast Labs.\n“To some degree, I do think these are historic. You have one of the most polarizing figures in world history, and I think most people don’t realize or they forgot, but there’s a whole collection of prize NFTs,” Petscher added.\nTrump’s NFT collection, launched last December, includes passes to perks including a group Zoom call with the former president.\n“I bought a couple of the Zoom calls,” Petscher said. “When else are you ever going to have a chance to talk to a president for 30 bucks?”\nIn terms of collections, Mythos chain-based NFTs from blockchain gaming platform DMarket topped trade volume, gaining 3.58% to US$815,301. Ethereum-based NFT staple Bored Ape Yacht Club placed second despite dropping 45.50% to US$666,010.\nThe digital collection from ImmutableX’s science fiction-based trading card game “Cross The Ages” placed third with a trading volume of US$472,187.\nU.S. stock futures were trading up as of 11:55\xa0 a.m. in Hong Kong, adding to gains made during regular session trading Friday. China’s Shanghai Composite Index, Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei all also logged gains.\nThat followed Federal Reserve Chair Jerome Powell’s opening speech at the Jackson Hole Economic Symposium last Friday. Powell said the U.S. economy has become more resilient, but made clear that inflation still remains “too high.” The central bank could still raise interest rates if needed, he said, but will “proceed carefully” before making any decision.\n“It’s a reiteration that the Fed at best is going to go very slowly and cautiously,” Michael Green, chief investment strategist at Simplify Asset Management,saidto BBC News.\nThe Fed raised its interest rate to between 5.25% and 5.50% in July, the highest level in 22 years. The CME FedWatch Toolpredictsa 19.5% chance for a 25-basis-point rate hike at the Fed’s next meeting in September.\nMeanwhile, China stocksrosefollowing weekendreportsthat Beijing is preparing new measures to boost capital markets. The proposed measures include a plan to cut stamp duty — a tax levied on documents required to legally record transactions — on stock trading by a maximum of 50%. If implemented, the cut will be the first of its kind since 2008.\n“Such a policy will likely give a short-term boost to the market, but won’t have much effect over the long run,” Xie Chen, fund manager at Shanghai Jianwen Investment Management Co., told Reuters.\nMacroeconomic data for July, including output and retail sales figures, showed a slowdown in China’s post-coronavirus recovery efforts, with some analysts predicting arecession.\n(Updates to add Equities section)', 'Bitcoin, Ether and other top 10 non-stablecoin cryptocurrencies held steady on Monday morning in Asia. Crypto investor sentiment remains cautious, although JPMorgan Chase & Co. analysts report that downward price momentum in the market has slowed. The Forkast 500 NFT Index gained after Donald Trump’s arrest triggered a surge in sales of the former U.S. president’s signature NFT collection. U.S. equity futures gained despite U.S. Federal Reserve chair Jerome Powell using his highly anticipated Jackson Hole speech on Friday to double down on the potential for interest rates to stay higher for longer. JP Morgan finds ‘limited downside’ for crypto Bitcoin posted a minimal gain of 0.08% for the last 24 hours to reach US$26,050.62 as of 06:40 a.m. in Hong Kong. The token was trading 0.59% lower for the week, according to CoinMarketCap data . The world’s leading cryptocurrency hovered around US$26,000 over the weekend, briefly dipping below the key support level several times. “The Cryptocurrency Fear and Greed Index is in “Fear” territory for the latest week,” said Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, in an emailed statement. “By this measure, the market is far from oversold and not yet attractive to bargain hunters,” he said, adding that Bitcoin has entered another long period of horizontal price movement. Ether gained 0.35% to US$1,653.79, while losing 1.73% in the last seven days. Alongside most other cryptos, including Bitcoin, it posted heavy losses Aug. 18 as macroeconomic factors — including uncertainty over upcoming Fed moves on interest rates, depreciation of the Chinese yuan and the bankruptcy of Chinese property giant Evergrande — weighed on the market. “Ethereum is consolidating around US$1,650, a significant pivot level of the last 12 months,” said Kuptsikevich. He warned that a failure to maintain this level could take the price to US$1,200 “within a week or two.” Contrastingly, a report by analysts at JPMorgan Chase & Co. forecast “limited downside” for the crypto market as losses slow. They found a drop in the number of Bitcoin-linked futures contracts on exchanges that are yet to be settled — a sign that downward price movement is losing its momentum. Story continues Other top 10 non-stablecoin cryptocurrencies were steady to mixed. Solana led the gains, rising 1.99% to US$20.73, but it still posted a loss of\xa04.89% for the week. That drop came despite news last week that Solana Pay — a free-to-use payment protocol built on the Solana blockchain — has partnered with Canada-based e-commerce platform Shopify to allow USDC stablecoin payments for online shopping without intermediary fees. The total crypto market capitalization grew 0.18% to US$1.05 trillion. Trading volume also rose 6.88% to US$16.28 billion. Trump mugshot boosts former US president’s NFT sales The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index edged up 0.07% o Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $508,494,888,606 - Hash Rate: 326264924.27253294 - Transaction Count: 331345.0 - Unique Addresses: 636935.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: U.S. Democratic presidential candidate Robert F. Kennedy Jr. has again jumped to defend Bitcoin , endorsing arguments that the environmental impact of the world’s largest cryptocurrency isn't nearly as dangerous as it's reported. Commenting on Sangha Systems director Daniel Feldman’s recent Twitter thread describing how a “symbiotic relationship” between Bitcoin mining and the energy produced from renewable sources “solves problems and makes the other better,” RFK Jr. called it an “interesting argument.” Sangha Systems is a multi-pronged firm that's launched a Bitcoin mining firm in Illinois called 82 River North and reportedly operates the "resilience token" in collaboration with Aon Insurance. “At the very least, environmental argument should not be used as smokescreen to curtail freedom to transact,” he added. Interesting argument that bitcoin not so bad for the environment after all. At the very least, environmental argument should not be used as smokescreen to curtail freedom to transact. #Kennedy24 https://t.co/0BNbIJ9eoD — Robert F. Kennedy Jr (@RobertKennedyJr) July 30, 2023 Reciting a catalog of alleged advantages Bitcoin mining brings to the economy, Feldman emphasized that, contrary to popular media narratives, it is “a solution to improve the electric grid and lessen reliance on fossil fuels.” The problem, he wrote, is that most renewable energy sites are not profitable without government subsidies. Feldman further argues that “the usual terms of climate debate must turn away from polarization and towards innovation,” which is especially relevant in circumstances when “green energy investor focus is often not energy sales, but is instead the contrived / creative financial engineering involved in maximizing tax credits.” Story continues Death of 'Anti-Mining' Bill Means Texas Miners Can Keep Raking in Energy Credits “The flow of these tax credits are controlled by the large banks that get bailed out in times of financial crisis, the very same banks Bitcoin will free us from,” said Feldman, adding that “Bitcoin mining creates a global market for electricity that will encourage investment into renewable energy projects with a new revenue frontier.” Robert F. Kennedy Jr. and Bitcoin While Kennedy’s chances of winning the Democratic party's nomination are relatively low, with bookmakers putting his odds earlier this month at around 11% , he's nonetheless drawn the support of many Bitcoin maximalists in recent months. The 69-year-old politician praised Bitcoin during a keynote address at Bitcoin 2023 in Miami in May, saying it was the Canadian government’s move to clamp down on truck drivers protesting COVID-19 restrictions at the beginning of 2022 by freezing bank accounts that helped him understand Bitcoin’s value. Ron DeSantis Banned CBDCs in Florida—These States Could Be Next Kennedy also said that supporting Bitcoin is both an “exercise and a guarantee” of civil liberties he’s committed to protecting. He later slammed central bank digital currencies ( CBDCs ), calling them "instruments of control and oppression” that “are certain to be abused.” Last week, Kennedy revealed he even bought a total of 14 Bitcoin—two for each of his seven children. Crypto's climate concerns In recent years, the environmental impact of Bitcoin has been a subject of significant debate and concern, mainly due to the fact that Bitcoin mining, the process through which new coins are created and transactions are verified, heavily relies on energy-intensive computational power. Additionally, there have been ongoing discussions about implementing more energy-efficient consensus mechanisms to reduce the environmental impact of Bitcoin mining. 'Unsubstantiated': Expert Refutes Greenpeace Bitcoin Mining Pollution Claims One such organization urging Bitcoin-friendly financial services companies to switch to what it calls a “cleaner protocol,” is Greenpeace USA, however, as Daniel Batten, the co-founder of an ESG focused-fund manager CH4 Capital, recently stated , many of the facts and figures used by the non-profit to demonstrate Bitcoin’s environmental harm are misleading, if not outright false. According to data from Cambridge University , global Bitcoin mining operations currently use an estimated 137 TW/h (terawatt hours) per year, which is slightly more than the entire country of Ukraine with 134 TW/h. To address these concerns, some initiatives have emerged to promote sustainable mining practices and the use of renewable energy sources for Bitcoin mining.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The world of digital assets is one that’s grown in prominence in recent years. A decade ago, most investors couldn’t really describe a cryptocurrency or non-fungible token (NFT). However, it’s a completely different game now. The rise of digital assets during this past bull market changed the game for growth investors, many of whom profited in a big way from the growth of these nascent assets.\nMoving froward, the question is whether these particular digital assets are better bets than the infrastructure supporting this sector. Indeed, it’s my view that certain crypto-adjacent companies may be better-positioned to provide more stable growth over time than the underlying assets themselves.\nKeeping this in mind, let’s take a look at three digital asset stocks worth adding to the watch list now.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Useacoin / Shutterstock.com\nDespite a significant 2022 sell-off,Coinbase(NASDAQ:COIN) stock surged by 180% this year, remaining below its previous highs. Trading 73% lower than its 2021 all-time high, Coinbase still offers a rebound opportunity, given the distance it will take to regain its previous highs.\nIn Q2, the second-largest crypto exchange earned $707.9 million in total revenues, a decline from the prior quarter’s $772.5 million and the year-ago $808.3 million. Despite a $97 million net loss, an adjusted EBITDA of $194 million emerged. Analyst estimates varied, yet the results have brought relief to crypto bulls and shareholders.\nFor those bullish on the ability of centralized exchanges to grow, Coinbase remains the top pick in this regard. If crypto trading volumes pick up, this company will undoubtedly be the biggest beneficiary of such a catalyst.\nSource: Yev_1234 / Shutterstock\nMarathon Digital(NASDAQ:MARA) is a well-known cryptocurrency mining company currently trading on the Nasdaq exchange. While intriguing, it’s a long-term play with risks and potential rewards. Let’s delve into the details of this notableBitcoin(BTC-USD) miner.\nMARA stock has corrected from its recent high to below $14, and with significant short interest, a reversal rally is possible. Despite Q2 revenue and earnings miss, Marathon’soperational hash rate is 17.7EH/s, growing to 21.8EH/s, indicating positive mining capacity growth and a promising outlook.\nFor those seeking a crypto-related investment without a spot Bitcoin ETF, consider Marathon Digital. Do your research, monitor news, and be cautious due to associated risks. MARA stock provides investors with indirect exposure to Bitcoin prices, so volatility may remain high. That said, those bullish on where Bitcoin will trade a few years down the road may have greater upside with MARA, given this leveraged relationship.\nSource: rafapress / Shutterstock.com\nRiot Platforms(NASDAQ:RIOT) is a top choice for investing in Bitcoin mining, especially after a recent 40% correction. The stock’s appeal is boosted by its robust balance sheet, with no debt and $510 million in cash and digital assets byQ2 2023, ensuring flexibility for expansion.\nBy Q2 2023, Riot had amining capacity of 10.7EH/s, marking a 143% year-over-year increase. Notably, capacity is set to further surge due to a June miner purchase agreement. This move aims to reach 20.1EH/s by mid-2024 and potentially expand to 35.4EH/s by the end of next year. Despite halving-related mining challenges, a potential cryptocurrency surge could counterbalance. Riot’s aggressive mining capacity expansion plans contribute to a positive outlook.\nOn the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nChris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.\n• ChatGPT IPO Could Shock the World, Make This Move Before the Announcement\n• Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.\n• The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors\nThe post3 Digital Asset Stocks That Are Better Bets Than Cryptoappeared first onInvestorPlace.', 'The world of digital assets is one that’s grown in prominence in recent years. A decade ago, most investors couldn’t really describe a cryptocurrency or non-fungible token ( NFT ). However, it’s a completely different game now. The rise of digital assets during this past bull market changed the game for growth investors, many of whom profited in a big way from the growth of these nascent assets. Moving froward, the question is whether these particular digital assets are better bets than the infrastructure supporting this sector. Indeed, it’s my view that certain crypto-adjacent companies may be better-positioned to provide more stable growth over time than the underlying assets themselves. Keeping this in mind, let’s take a look at three digital asset stocks worth adding to the watch list now. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Coinbase (COIN) A stack of bitcoin tokens ahead of the Coinbase logo. Source: Useacoin / Shutterstock.com Despite a significant 2022 sell-off, Coinbase (NASDAQ: COIN ) stock surged by 180% this year, remaining below its previous highs. Trading 73% lower than its 2021 all-time high, Coinbase still offers a rebound opportunity, given the distance it will take to regain its previous highs. In Q2 , the second-largest crypto exchange earned $707.9 million in total revenues, a decline from the prior quarter’s $772.5 million and the year-ago $808.3 million. Despite a $97 million net loss, an adjusted EBITDA of $194 million emerged. Analyst estimates varied, yet the results have brought relief to crypto bulls and shareholders. For those bullish on the ability of centralized exchanges to grow, Coinbase remains the top pick in this regard. If crypto trading volumes pick up, this company will undoubtedly be the biggest beneficiary of such a catalyst. Marathon Digital Holdings (MARA) Macro view of miner working for bitcoins mine pool. Devices and technology for mining cryptocurrency. Mining cryptocurrency concept. MARA stock. Crypto mining. Source: Yev_1234 / Shutterstock Marathon Digital (NASDAQ: MARA ) is a well-known cryptocurrency mining company currently trading on the Nasdaq exchange. While intriguing, it’s a long-term play with risks and potential rewards. Let’s delve into the details of this notable Bitcoin ( BTC-USD ) miner. Story continues MARA stock has corrected from its recent high to below $14, and with significant short interest, a reversal rally is possible. Despite Q2 revenue and earnings miss, Marathon’s operational hash rate is 17.7EH/s , growing to 21.8EH/s, indicating positive mining capacity growth and a promising outlook. For those seeking a crypto-related investment without a spot Bitcoin ETF, consider Marathon Digital. Do your research, monitor news, and be cautious due to associated risks. MARA stock provides investors with indirect exposure to Bitcoin prices, so volatility may remain high. That said, those bullish on where Bitcoin will trade a few years down the road may have greater upside with MARA, given this leveraged relationship. Riot Platforms (RIOT) In this photo illustration, the Riot Platforms (RIOT) logo is displayed on a smartphone screen. Source: rafapress / Shutterstock.com Riot Platforms (NASDAQ: RIOT ) is a top choice for investing in Bitcoin mining, especially after a recent 40% correction. The stock’s appeal is boosted by its robust balance sheet, with no debt and $510 million in cash and digital assets by Q2 2023 , ensuring flexibility for expansion. By Q2 2023, Riot had a mining capacity of 10.7EH/s , marking a 143% year-over-year increase. Notably, capacity is set to further surge due to a June miner purchase agreement. This move aims to reach 20.1EH/s by mid-2024 and potentially expand to 35.4EH/s by the end of next year. Despite halving-related mining challenges, a potential cryptocurrency surge could counterbalance. Riot’s aggressive mining capacity expansion plans contribute to a positive outlook. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Digital Asset Stocks That Are Better Bets Than Crypto appeared first on InvestorPlace .', "Bitcoin and Ether were little changed on Tuesday morning in Asia, while other top 10 non-stablecoin cryptocurrencies traded mixed. Cardano’s ADA led the gains following bullish comments from founder Charles Hoskinson. He predicted a surge in price past both Ether and Bitcoin. Solana’s SOL posted more losses, despite last week’s news of Solana Pay’s tie-up with Shopify. Analysts expect the generally downbeat summer mood in the crypto market to pick up in fall. Elsewhere, the Forkast 500 NFT Index c Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $506,450,914,581 - Hash Rate: 436863203.68695074 - Transaction Count: 500301.0 - Unique Addresses: 767879.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A woman checks an item from the meat department while grocery shopping at a supermarket in Alhambra, California, on July 13, 2022. FREDERIC J. BROWN/AFP via Getty Images US stocks climbed on Thursday as traders digested inflation data for July. The Consumer Price Index showed inflation rose 3.2% last month, slower than economists expected. US stocks jumped on Thursday as July Consumer Price Index data showed inflation rose last month at a slower rate than economists were predicting. Inflation rose 3.2% on an annualized basis in July. That's higher than 3.0% in June but lower than the expected rate of 3.3%. Month-to-month, inflation rose 0.2% from June to July, which was in line with expectations. Although the annualized rate of inflation came in hotter than June's figures, market watchers still think that prices are cooling enough to bolster the argument that the Federal Reserve is done raising interest rates. Fed fund futures are pricing in 90% odds that the central bank holds its target rate steady at 5.25%-5.50% at next month's meeting of the Federal Open Market Committee, and that rate cuts could be coming as early as the first quarter of next year. "The case is building for the Fed to keep policy rates unchanged in September. Both headline and core inflation are waning and the internals of the CPI print suggest that further deceleration pressures should build over the coming months," Seema Shah, chief global strategist at Principal Asset Management, said. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Thursday: S&P 500 : 4,499.51, up 0.71% Dow Jones Industrial Average : 35,409.52, up 0.82% (292 points) Nasdaq Composite : 13,847, up 0.81% Here's what else is going on today: China is heading for another real estate crisis — but on a scale it's never seen before. Bearish hedge fund boss Boaz Weinstein is feeling the pain from this year's surprise stock rally. Tesla sales in China have slipped , but the country's sagging economy may not be to blame. The rally in stocks is under pressure and corporate profits could be about to sink, JPMorgan says. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil dropped 0.88% to $83.66 a barrel. Brent , the international benchmark, fell 0.63% to $87.14 a barrel. Gold edged up 0.5% to $1,959.10 per ounce. The yield on the 10-year Treasury bond slipped about one basis point to 3.99%. Bitcoin fell 0.05% to $29,550. Read the original article on Business Insider... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["The Tornado Cash indictments are being viewed by many as another tipping point for crypto. In that view, how the case plays out could define how the federal government can deal with decentralized trading platforms if they’re seen as broad precedents. But the case may be much more straightforward than initial reactions suggested.\nYou’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.Click hereto sign up for future editions.\nRoman Storm, one of the three co-founders and developers behind the Tornado Cash mixer, was arrested last week. A second, Roman Semenov, has also been indicted. A third, Alexey Pertsev, faces trial in The Netherlands, where he was arrested last year.\nAre law enforcement officials and federal governments going after Tornado Cash in an effort to tamp down on all efforts to make crypto transactions private? Or is the case a much more straightforward one about running a website that allowed North Korea to launder hundreds of millions of dollars’ worth of crypto?\nSo by now you’ve seen that the U.S. Department of Justicebrought charges against Roman Storm and Roman Semenov, two of the co-founders of Tornado Cash. One – Storm – was arrested last week, is now out on bail and will appear before a judge in the U.S. District Court for the Southern District of New York next week.\nThe indictments and arrest drew alarm from the crypto ecosystem, with concerned individuals decrying what they saw as efforts to regulate the very development and deployment of software intended to guarantee privacy in transactions.\nFirst: A disclaimer that we don’t yet have all the facts in the case. The DOJ hasn’t presented much beyond an indictment with allegations, and some of the allegations need important details to contextualize the arguments, as we’ll get into.\nAs far as the allegations themselves go, there are some facts that aren’t really great for the industry: the DOJ alleged that Storm and Semenov created a program and user interface that allowed for malicious actors to launder up to $1 billion in crypto – including North Korea’s Lazarus Group, which allegedly moved “hundreds of millions” through the mixer (leading to last year’s sanctions).\n“These are individuals who were allegedly helping North Korea with economic transactions, allegedly in aid of a nuclear weapons program. Those are really, really serious allegations,” said Anand Sithian, a former financial crimes prosecutor now with Crowell & Moring.\nBut even if the actions alleged by the government are true and Tornado Cash was used to launder money to North Korea making crypto live down to its reputation as being a tool for the dregs of humanity, the charges against the three accused are very specific and this case may not be an indictment of the industry as a whole or a power grab over privacy tools.\nThe charges themselves – conspiracy to operate an unlicensed money services business, conspiracy to commit money laundering and conspiracy to violate the International Emergency Economic Powers Act (in other words, violate sanctions) are all based on agreements between the indicted parties.\n“Certainly, the government will want to prove the substantive charge, that he actually did these things, but did these two individuals come to a meeting of the minds as to the conduct that is alleged to violate these federal statutes? That is what the government is going to have to prove,” he said.\nIt may also be difficult to distinguish between the time period where the developers had control over Tornado Cash from when they didn’t, he noted. Tornado Cash’s developers famously burned their keys, arguing they no longer had the ability to unilaterally change the smart contract code.\n“It's really hard to decipher if the government actually believes that they gave up control,” he said. But, this issue may only apply to the money services business charge.\nMoreover, the DOJ seems to be specifically arguing that it was the user interface at issue, rather than the smart contract itself, said Craig Timm, a senior director of anti-money laundering at the Association of Certified Anti-Money Laundering Specialists (ACAMS).\n“You've got to think about it sort of separate in your mind, the Tornado Cash smart contract from the user interface in the website, because I think that's exactly what the Department of Justice is doing,” he said.\nIt seems unlikely the charges would be brought if there was no user interface, he added.\nTornado Cash’s native TORN token is another complicating factor, Sithian said. According to the indictment, the defendants used the token to profit off of the operation of Tornado Cash as a service. The filing cites messages they sent to each other, where they allegedly discussed the need to pump TORN’s price.\nThey converted their TORN token holdings into stablecoins, with Storm advising Semenov and Pertsev to create new wallets and further move the funds around, the indictment said. This allegation that the accused were using Tornado Cash to pad their own accounts is another serious blow against the accused and would again seem to argue that the indictment is more narrowly tailored than an attempt to rein in the industry.\nThe idea that “they were in the business of making money off really bad actors [is] a compelling argument for a jury,” he said. It can help prosecutors provide a reason for why Storm and Semenov were working on Tornado Cash, as opposed to the more altruistic argument that they just wanted to defend privacy.\nTimm echoed this view, saying that prosecutors don’t need to prove a motive but prosecutors would typically share one anyway for the jury.\n“What [the DOJ has] done here is lay out a bunch of evidence to try to paint the picture that these guys weren't just in it for software or development, they just weren't good Samaritans here,” he said. “They were in this for money, and in fact, they were deceptive with their community about the money they were making [and] how they were profiting.”\nCoin Center, an industry group, took a competing view, saying the indictment’s allegations suggest that Storm and Semenov remained within parameters defined by the Financial Crimes Enforcement Network (FinCEN).\n“The allegations include that the defendants: (a) paid for web hosting services for a user interface that allowed users to send transaction messages to the underlying smart contracts, (b) paid for a software repository (Github) where smart contract and user interface software and documentation was hosted, and (c) had (for a time before May 2020) “complete control” over the Tornado Cash smart contracts,” research director Peter Van Valkenburghsaid in a blog post.\nFinCEN’s guidance went on to say that the publisher of anonymizing software would not be treated like a money transmitter. Storm and Semonov, if they were only the publishers of the Tornado Cash software, shouldn’t be treated like the operators, Van Valkenburgh wrote.\nSome parts of the case may hinge around the question of whether the defendants controlled Tornado Cash as a service.\nTimm said the DOJ is trying to argue that Tornado Cash wasn’t decentralized, that it was a centralized entity running a website and trying to profit off of the service being provided.\n“The allegations aren't aimed at the smart contract. They're aimed at the user interface where they could have done any number of things that could have shut it down, they could have put controls in it, they could have done any of these things once they knew criminal money is here, but they didn't,” he said. “And they knew that their system was then designed to conceal it and make it easier for the criminals to move that money.”\nVan Valkenburgh wrote that to Coin Center’s knowledge, the defendants never had the ability to directly access user funds, which would again suggest they weren’t violating FinCEN guidance for money transmitters.\nThe details about exchanges that were hacked reaching out to the developers for assistance and being turned away may play in here.\nOf course, what we don’t know is whether the developers said they couldn’t help the hacked exchanges or if they wouldn’t help the hacked exchanges. If they said they couldn’t because they didn’t have control over the smart contract or any aspect of the user interface that would have allowed them to help, that’s one story. If they said they wouldn’t help, but could have, that’s an entirely different one. The indictment only says the defendants responded to at least two emails from exchanges “declining to offer any assistance.”\nBrian Klein, Storm’s attorney, said there was “a lot more to this story” in a statement last week.\n“We are incredibly disappointed that the prosecutors chose to charge Mr. Storm because he helped develop software, and they did so based on a novel legal theory with dangerous implications for all software developers,” he said. So while it’s possible that Klein is right and that when all the details are known, this case may prove a dangerous precedent for the crypto industry, from the facts that are known at present, it looks more targeted at Tornado Cash and the actors behind it rather than something that could have a chilling effect on the ecosystem.\n• SEC Must Review Grayscale's Bitcoin ETF Bid After Previous Rejection, Appeals Court Rules:The SEC has to look over Grayscale’s bitcoin ETF application again after an appeals court said the proposed product did not seem particularly different from already-approved bitcoin futures ETFs. The ruling was unanimous, which isn’t a huge surprise givenall three judges who heard the caseseemed skeptical of the SEC’s arguments during a March hearing.\n• DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%:Genesis – a subsidiary of CoinDesk parent Digital Currency Group – has reached an “in-principle” agreement with unsecured creditors to resolve its bankruptcy.\n• Prime Trust Lost $8M in Doo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $534,704,287,031 - Hash Rate: 348384580.1554164 - Transaction Count: 408001.0 - Unique Addresses: 665354.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Watch: Could China shut down the Bitcoin network? \| The Crypto Mile China-based cryptocurrency miners have the potential to regain dominance over the bitcoin network. Yahoo Finance talked to an expert about the risks this would present for the world's largest digital asset. On this week's episode of The Crypto Mile , Yahoo Finance UK spoke with Jameson Lopp, bitcoin expert and co-founder of digital asset security firm Casa. The conversation centred on the longstanding concerns about the concentration of bitcoin's ( BTC-USD ) mining hash-rate within China. "An authoritarian nation-state, like China, could conduct an attack that would kill the bitcoin network and make it temporarily unusable," Lopp told Yahoo Finance. Read more: Sovereign agents: Your own personal AI assistant? \| The Crypto Mile Such an attack would manifest as a "51% attack", where a single entity gains control of over more than half of the bitcoin hashrate, enabling them to control the verification of transactions and the mining of new bitcoins. "An authoritarian style 51% attack on the bitcoin network, from say the Chinese government, could come in the form of not allowing any transactions to happen on the network, or only allowing white-listed transactions to go through," Lopp added. The bitcoin hashrate The hashrate is a measure of the amount of computational power that bitcoin miners are utilising to process transactions and safeguard the network. A higher hashrate signifies more processing chips are being used to mine new bitcoin and verify transactions on the network. China recently dominated the world's share of the bitcoin hashrate. And, according to Jameson Lopp, this dominance is something they could quickly regain. Read more: Institutional investment brings new momentum to crypto "In 2019, about 75% of global hash-rate was coming out of China. But, 2021 saw the Chinese government's biggest crackdown on bitcoin mining. The hashrate was cut in half, and many miners went to friendlier jurisdictions," Lopp said. He added that despite the Chinese government ban, there are still many miners spread across the vast country. According to recent data from Statistica , Chinese miners still control 21% of current bitcoin mining output. The US maintains the largest share, at 35.4%. Could China regain mining dominance? There are still concerns over China's ability to regain its former dominant position. "Nearly all of the silicon chips used in bitcoin mining are produced in China," Lopp said. Re-routing this supply to domestic miners would deny those overseas access to new hardware, giving Chinese miners a competitive advantage. Story continues Read more: Bitcoin rallies to $30,000 after BlackRock's ETF filing These silicon chips are called ASICs, and are tailored for a single, specific task. In the case of bitcoin mining, this is solving the cryptographic puzzles required to mine the digital asset and verify transactions. "While China doesn't have an overwhelming hashrate, if something changes and it becomes a slightly more friendly place again for miners, China could dominate the network," Lopp said. "If regulations ease in China, they have the tools at hand to quickly reach new zeniths in mining," he added. Watch: Institutional investment brings new momentum to the crypto-space \| The Crypto Mile Download the Yahoo Finance app, available for Apple and Android . View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 31 August 2023 - BingX, a top cryptocurrency trading platform, continues its mission of providing users with opportunities by announcing the listing of two new tokens on its Spot trading platform: PayPal USD (PYUSD) and Ovato (OVO). These developments mark significant milestones for the cryptocurrency sector, demonstrating its resilience and adaptability as PayPal is the first to launch a stablecoin as a major payment processor. Furthermore, recent legal proceedings challenging the U.S. Securities and Exchange Commission (SEC) are sparking optimism for the eventual approval of a Bitcoin Exchange-Traded Fund (ETF), providing renewed hope for the broader cryptocurrency landscape. PayPal USD (PYUSD): Redefining Digital Transactions BingX introduces PayPal USD trading pair ( PYUSD/USDT ), a stablecoin redesigning digital transactions. PYUSD facilitates seamless buying, selling, and transferring within the platform. Transfers to Ethereum wallets and fee-free transactions on PayPal further enhance its usability. Ovato (OVO): Merging Decentralization with Centralized Principles BingX welcomes Ovato trading pair ( OVO/USDT ), utilizing blockchain for decentralized economics with a nod to centralized business efficiency. This model promotes OVO's utility coin adoption, combining decentralization benefits, high speed Transaction Per Second with closed point-to-point effectiveness. Celebrating Ovato (OVO)'s inclusion, BingX presents user-engaging events with deposit-based cashbacks and rewards, underscoring its commitment to enriching the trading experience. From deposit cashbacks to participation rewards, users have the chance to share a prize pool totaling over $20,000. Stay Tuned to BingX OVO Airdrop Event for further updates. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Contact Details BingX Elvisco [email protected] Company Website https://bingx.com/en-us/ View source version on newsdirect.com: https://newsdirect.com/news/bingx-lists-paypal-usd-pyusd-and-ovato-ovo-565927303 View comments", "SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 31 August 2023 - BingX, a top cryptocurrency trading platform, continues its mission of providing users with opportunities by announcing the listing of two new tokens on its Spot trading platform: PayPal USD (PYUSD) and Ovato (OVO). These developments mark significant milestones for the cryptocurrency sector, demonstrating its resilience and adaptability as PayPal is the first to launch a stablecoin as a major payment processor. Furthermore, recent legal proceedings challenging the U.S. Securities and Exchange Commission (SEC) are sparking optimism for the eventual approval of a Bitcoin Exchange-Traded Fund (ETF), providing renewed hope for the broader cryptocurrency landscape. PayPal USD (PYUSD): Redefining Digital Transactions BingX introduces PayPal USD trading pair ( PYUSD/USDT ), a stablecoin redesigning digital transactions. PYUSD facilitates seamless buying, selling, and transferring within the platform. Transfers to Ethereum wallets and fee-free transactions on PayPal further enhance its usability. Ovato (OVO): Merging Decentralization with Centralized Principles BingX welcomes Ovato trading pair ( OVO/USDT ), utilizing blockchain for decentralized economics with a nod to centralized business efficiency. This model promotes OVO's utility coin adoption, combining decentralization benefits, high speed Transaction Per Second with closed point-to-point effectiveness. Celebrating Ovato (OVO)'s inclusion, BingX presents user-engaging events with deposit-based cashbacks and rewards, underscoring its commitment to enriching the trading experience. From deposit cashbacks to participation rewards, users have the chance to share a prize pool totaling over $20,000. Stay Tuned to BingX OVO Airdrop Event for further updates. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Contact Details BingX Elvisco [email protected] Company Website https://bingx.com/en-us/ View source version on newsdirect.com: https://newsdirect.com/news/bingx-lists-paypal-usd-pyusd-and-ovato-ovo-565927303 View comments", "Bitcoin, Ether and most other top ten non-stablecoin cryptocurrencies dipped Thursday morning in Asia. The market lost some of the ground it made up Wednesday following a favorable U.S. court ruling for Grayscale Investments in its Bitcoin ETF case against the U.S. Securities and Exchange Commission (SEC). Elsewhere, U.S. equity futures were trading flat following four straight days of advances across the three major indexes. Weaker than expected economic data has raised hopes of another pause for interest rate hikes. Investors now await the release of U.S. jobs data Friday. Some way to go Bitcoin dropped 1.35% over the last 24 hours to US$27,248.34 as of 06:55 a.m. in Hong Kong. The token is up 3.04% for the week, according to CoinMarketCap data . The world’s leading cryptocurrency briefly rose above US$28,000 during the early hours of Thursday morning. Ether also posted losses. It fell 1.57% to US$1,702.62 over the past 24 hours for a 1.60% weekly gain. All other top ten non-stablecoin cryptos posted losses, with Solana’s SOL leading the losers with a dip of 4.28%. Toncoin was the only top ten crypto to post a gain. It rose 0.28% over the past 24 hours. The losses across most of the market followed a day of gains Wednesday on the back of a favorable U.S. court ruling for Grayscale Investments in its ongoing legal dispute with the SEC. The Connecticut-based digital asset management firm filed a lawsuit against the SEC in June 2022 following the rejection of the company’s proposal to convert its GBTC Bitcoin fund into a spot Bitcoin exchange-traded fund (ETF). A U.S. appeals court overturned the SEC’s refusal Tuesday, opening up a potential avenue for approval. In light of the news, Nigel Green, founder of financial management group deVere, said spot Bitcoin ETFs are now an “inevitability” that will cause another bull run in the market. “The court’s decision destroys the SEC’s central argument for rejecting every spot Bitcoin ETF over the last few years. This win paves the way for Bitcoin ETFs,” he said in an emailed comment. Story continues “ETFs typically involve the purchase of the underlying asset by the fund managers. If Bitcoin ETFs follow this structure, it could create a substantial demand for actual Bitcoins to back the ETF shares,” Green said. Bitcoin’s next halving event is expected to take place in April 2024. The halving event will see the amount of new Bitcoin issued cut in half, increasing its scarcity. Increased demand caused by ETF approval coupled with the limited supply of Bitcoin will lead to a surge in the token’s price, Green said. Matteo Greco, a research analyst at digital asset investment firm Fineqia International, took a less bullish view. He pointed out that Grayscale’s favorable court ruling is just one part of an application process that is still incomplete. “The decision of the court is of course important but doesn’t change anything for now,” Greco said in an emailed statement. “Grayscale obtained the chance of seeing their filing re-evaluated by the SEC as the causes of rejection did not seem fair to the judge,” Greco continued. “It doesn’t mean that now Grayscale will be 100% able to list a spot Bitcoin ETF, nor that this will happen in the future.” Other major U.S. financial institutions including BlackRock, Fidelity, Invesco and WisdomTree have filed their own ETF applications. The SEC is scheduled to rule on each of the applications this week. However, the regulator delayed a decision on Ark Investment Managament’s ETF application in early August and could do so again. Lot of tweets/publications saying things are de-facto pushed out to 2024 for spot #Bitcoin ETFs. Hype for approvals right before halving etc etc. But there's still a bunch of deadlines in 2023 squared off in Green below. PLUS we are waiting on @grayscale & $GBTC court case pic.twitter.com/nTHHxVztw7 — James Seyffart (@JSeyff) August 15, 2023 The total crypto market capitalization fell 1.41% to US$1.09 trillion, and trading volume dropped 38.98% to US$32.02 billion. US data weaker than expected Image: Envato Elements U.S. stock futures edged up as of 08:40 a.m. in Hong Kong. Gains for all three major indexes during regular session trading Wednesday marked a fourth consecutive day of growth. Weaker than expected U.S. economy data has raised hopes that the Federal Reserve will keep interest rates unchanged in its September meeting. Wednesday’s U.S. gross domestic product (GDP) report for the second quarter recorded a lower-than-expected annual growth rate of 2.1%. The figure was down on the 2.4% reported in July. “The downgrade to second-quarter GDP growth will be welcomed by Fed officials and reinforces our expectations for a policy pause in September but the door will remain open to further tightening,” Lydia Boussour, senior economist at New York-based financial strategy firm EY-Parthenon, told Reuters. The Labor Statistics Bureau also reported weaker-than-expected job openings data Tuesday, which stood at 8.82 million compared to the expected 9.46 million. The figure, which is its lowest since March 2021, points to a slowing labor market. Investors now look ahead to the release of July’s personal consumption expenditures (PCE) price index later on Thursday, followed by weekly jobless claims data on Friday. Meanwhile, the main As Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $531,220,235,669 - Hash Rate: 398153805.8919045 - Transaction Count: 437435.0 - Unique Addresses: 742110.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: According to the latest projection by Future Market Insights (FMI), the market for these wallets is expected to achieve a Compound Annual Growth Rate (CAGR) of 9.3% through 2033. In the rapidly evolving landscape of digital finance, international crypto wallets have emerged as a game-changer, facilitating seamless cross-border transactions. This trend underscores the growing acceptance of cryptocurrencies and the transformative potential they hold for global financial interactions. NEWARK, Del, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Thecrypto wallets marketis predicted to develop at an impressive9.3% CAGRfrom 2023 to 2033, preceding the lower7.2% CAGRwitnessed between 2018 and 2022. This substantial increase reflects the surging demand for crypto wallets, propelling the market value fromUS$ 1,505.9 millionin 2023 to an impressiveUS$ 3,675.4 millionby the end of 2033. Increased adoption of cryptocurrencies leads to a larger user base that requires secure and convenient methods to store and manage digital assets. This drives the demand for crypto wallets as more individuals and businesses seek to participate in the cryptocurrency market. Crypto wallets play a pivotal role in the cryptocurrency market, constituting around 25% of total cryptocurrency sales. They serve as a secure means to store private keys, ensuring safe and reliable transactions with popular digital currencies like Ethereum and Bitcoin. As the value of cryptocurrencies rises, the risk of theft and hacking becomes more significant. Users are willing to invest in wallets that offer robust security measures, such as hardware wallets or multi-factor authentication, to safeguard their assets. This emphasis on security drives the growth of wallets that prioritize user protection. Unlock Your Success Now:GetYour Sample Report andmake huge stridesinthe Crypto Wallets Market withexponentialgrowth:https://www.futuremarketinsights.com/reports/sample/rep-gb-14198 These wallets can be categorized into two main types: cold wallets, which include hardware and paper wallets providing offline storage, and hot wallets, encompassing desktop, web, and mobile wallets, offering convenient online transaction access. These diverse wallet options offer users various levels of security and accessibility to meet their individual needs. As the number of cryptocurrencies and blockchain networks grows, users seek wallets that can handle multiple assets and provide seamless cross-chain capabilities. Wallets that offer interoperability become more attractive to users, resulting in increased demand and market growth. Key Takeaways from thisMarket: • In the United States, the burgeoning interest in cryptocurrencies and the nation's position as a global financial hub have propelled its crypto wallets market to remarkable heights. In 2022, the United States accounted for an impressive 18.4% global market share. As the adoption of digital assets gains momentum and crypto-friendly regulations continue to develop, the country is poised to maintain its significant market presence and foster further growth in the crypto wallet industry. • India's crypto wallet industry is poised to experience substantial growth, projecting a CAGR of 12.3% by 2033. This surge comes as the country embraces digital currencies and integrates them across diverse industries, fostering increased acceptance nationwide. • The United Kingdom's cryptocurrency wallets industry is expected to grow steadily, with a projected CAGR of 10.1% by 2033. This growth is driven by the growing acceptance of cryptocurrencies and the escalating demand for secure and user-friendly storage solutions. • The China crypto wallet industry is set to experience substantial growth, with a projected CAGR of 8.3% through 2033. This surge is fueled by the government's growing adoption of blockchain technology and the increasing interest in digital assets among investors in the country. As these factors converge, the country's crypto wallet market is expected to witness significant expansion in the coming years. • As Australia navigates the legal environment and gradually integrates cryptocurrencies into its financial ecosystem, the crypto wallets industry is expected to develop at a moderate CAGR of 2.5% by 2033. This growth rate reflects the country's cautious approach toward digital assets while still acknowledging the potential for gradual expansion in the crypto wallet industry. • Japan's crypto wallets market accounted for a notable 3.8% market share in 2022, and this trend is expected to continue upward. The tech-savvy population of Japan and the increasing integration of cryptocurrencies into traditional financial services are predicted to drive significant growth in the crypto wallet industry. Customize Your Report by Selecting Specific Countries or Regions and Save up to 30%!https://www.futuremarketinsights.com/customization-available/rep-gb-14198 Competitive Landscape: Well-known cryptocurrency exchanges, tech behemoths, financial institutions, and specialty wallet providers are some of the key participants in the crypto wallets market. To provide their users with a full platform, well-known exchanges like Coinbase, Binance, and Kraken have expanded into the wallet service market. While this is going on, tech behemoths like Samsung and HTC have added crypto wallet functionality to their smartphones, broadening the market's appeal. On the other side, startups emphasize innovation and niche markets, intending to offer distinctive and specialized wallet solutions that cater to certain customer needs. They frequently highlight improved security features, decentralized storage, and user-friendly interfaces to set themselves apart from their competitors. Top 10 Key Playersare: 1. Gemini Trust Company LLC. 2. BitGo 3. Binance 4. BitMEX 5. Breadwinner AG (BRD) 6. Trezor 7. BitPay 8. Ledger SAS 9. Bittrex Global 10. Exodus Recent Developments: • In June 2023, Ledger, a cryptocurrency custody firm based in Paris, revealed the introduction of Ledger Enterprise Tradelink. This innovative trading system is designed to be secure and compliant with regulations, catering specifically to institutional investors. The primary objective of Ledger's new platform is to minimize third-party risk for users. It achieves this by enabling enterprise-level investors to establish a personalized interconnected network, incorporating custodians and exchanges. • In June 2022, KuCoin, the cryptocurrency trading platform, ventured into the Web3 domain by introducing its decentralized wallet. With this new feature, KuCoin wallet users gain the ability to engage in a range of activities, such as purchasing, selling, and trading, as well as sending and receiving various cryptocurrencies, among them Bitcoin (BTC), Ether (ETH), Tether (USDT), and other similar tokens. Ask Our Industry Experts to Access a Comprehensive Market Share Analysis of Top Key Players:https://www.futuremarketinsights.com/ask-question/rep-gb-14198 Segmentation Analysis: By Type: • HotDesktopWebMobile • ColdHardwarePaper By Application: • E-commerce and Retail • Peer-to-Peer Payments • Trading • Remittance By Industry: • Retail Industry • BFSI • Automotive • Telecommunication • Media and Entertainment • Others By Region: • North America • Latin America • Europe • East Asia • South Asia & Pacific • Middle East and Africa (MEA) Have a Look at the Related Reports of the Technology Domain: Cryptojacking Solution Market Size: According to Future Market Insights, the cryptojacking solutions market will grow from US$ 17.02 billion in 2023 to US$ 64.87 billion in 2033. According to forecasts, the market will grow at a CAGR of 14.2% during the forecast period. Crypto APIs Market Share: Crypto APIs solutions sales in the region are projected to exhibit a 22.8% CAGR and a total market size of US$ 5,569.6 Million by 2033. Crypto Trading Platform Market Trends: The global demand for crypto trading platforms is expected to rise 14% per year to US$ 36.5 billion by 2022. Crypto Tax Software Market Growth: The crypto tax software revenue totaled US$ 133.6 Million in 2021. The crypto tax software market is expected to reach US$ 492.2 Million by 2032, exhibiting growth at 12.7% CAGR between 2022 and 2032. Crypto Payment Gateways Market Demand: According to Future Market Insights research, during the projected period, the Global Crypto Payments market is expected to grow at a CAGR of 14.1%. The market value is projected to increase from US$ 1,294.1 Million in 2023 to US$ 4,853.8 Million by 2033. Private Cloud Services Market Type: The global private cloud services market is forecasted to value at US$ 405.30 billion by 2033, up from US$ 92.64 billion in 2023. As per the market reports, the private cloud services market share is advancing at a CAGR of 15.8% during the forecast period. Application Development and Modernization (ADM) Market Analysis: The global application development and modernization (ADM) market is likely to garner a revenue of about US$ 40,694.1 million by 2033, up from US$ 13,180.9 million in 2023 advancing at a rapid CAGR of 11.9% during the forecast period. Automotive Business Process Management Market Forecast: The global automotive business process management market is anticipated to be valued at US$ 2,497.9 million in 2023 and is forecast to record a CAGR of 11.3% to be valued at US$ 7,308.3 million from 2023 to 2033. No-code AI Platform Market Overview: The global no-code AI platform market is projected to reach a valuation of US$ 4,094.7 million in 2023. The no-code AI platform market is expected to reach US$ 49,481.0 million by 2033 and exhibit growth at a CAGR of 28.3% from 2023 to 2033. Aerospace Head Up Display Market Outlook: The global aerospace head-up display market is likely to cross US$ 2,149.6 million in 2023 and is predicted to secure a fast-paced CAGR of 16.1% during the forecast period. The market is expected to record a value of US$ 9,580.2 million by 2033. About Future Market Ins... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin, Ether and most top ten non-stablecoin cryptocurrencies dropped Friday morning in Asia. At a touch above US$26,000, Bitcoin has traced back most of the gains triggered by Tuesday’s favorable U.S. court ruling for Grayscale Investments in its Bitcoin ETF case against the SEC. Equity futures in the U.S. were little changed following a mixed session Thursday. The personal consumption expenditures (PCE) index moved higher as consumers continue to spend. Investors expect today’s U.S. payroll report for August to shed more light on coming interest rate policy.\nBitcoin dropped 4.42% over the last 24 hours to US$26,042.84 as of 07:00 a.m. in Hong Kong. The token is down 0.26% for the week, according to CoinMarketCapdata.\nBitcoin’s value fell along with other cryptocurrencies after the U.S. Securities and Exchange Commission announced Thursday it willdelayseven spot Bitcoin exchange traded fund applications until October. Some of the world’s largest asset managers including BlackRock, WisdomTree, and VanEck are among those waiting on the SEC for ETF approval.\n“The move is very clear; the pump we had from Grayscale-SEC news is now faded,” Benjamin Stani, director of business development at Hong Kong-based digital asset broker Matrixport, said in a text message.\nThe market, Stani added, “was hoping that after Grayscale, there [would be] a path forward and had some analysts up the probability of a spot ETF approval before the year-end — but it looks like not so soon.”\nEther dipped 3.15% to US$1,648.76 over the past 24 hours for a weekly loss of 0.33%.\n“The current technical signals for Ethereum appear to be undergoing a period of mixed trends across different time frames,” Rachael Lucas, crypto technical analyst at BTC Markets, toldForkastvia text message.\nEther market data shows the token is on track to form a so-called “death cross” — “a development often viewed with caution by market participants,” Lucas said. The cross, which occurs when the short-term average falls below the long-term trend, is generally a sign of further losses ahead. Currently, the short-term 50-day average stands at 1808.3, while the 200-day average is at 1802.9, according toTradingView.\nLucas said that Ether has stepped into a negative territory in a weekly timeframe, which may lead to a short-term pullback. “It’s essential to consider these movements in the context of broader market dynamics, as the cryptocurrency space can be characterized by rapid price shifts,” Lucas explained.\nMost other top ten non-stablecoin cryptos posted losses, with Solana’s SOL leading the losers. It dipped 5.07% to US$19.81, its lowest level in over six weeks. On Monday, Clockwork — a Solana-based automation network for smart contracts —shut down. Its founder Nick Garfield said he saw “limited commercial upside” in the project.\nMeanwhile, a U.S. court hasdismisseda class action lawsuit filed against a group of five companies including decentralized trading platform Uniswap Labs. Plaintiffs claimed they were victims of a rugpull involving scam tokens on the Uniswap cryptocurrency exchange and are entitled to compensation.\nThe courtruledthat the defendants are not responsible for those losses. Presiding Judge Katherine Polk Failla said “due to the Protocol’s decentralized nature, the identities of the scam token issuers are basically unknown and unknowable.”\nCrypto commentators interpret the ruling as a victory for decentralized finance with wide reaching implications for the industry.\n“I believe that what happened in the case against Uniswap Labs could be the first steps in clarifying the legal and regulatory environment for DeFi applications and could make investors’ concerns about sudden lawsuits and actions by regulators less and make them more predictable,” wrote Samer Hasn, market analyst for online brokerage XS.com.\n“On the other hand, this measure, and other similar possible measures, if taken in the future, may restrict investors’ confidence in these applications due to the inability to regulate them and enforce the law on them,” Hasn added.\nThe total crypto market capitalization fell 3.46% to US$1.05 trillion, while trading volume gained 16.61% to US$37.31 billion.\nU.S. stock futures were little changed as of 10:15 a.m. in Hong Kong after a mixed regular session for the three major indexes during Thursday’s regular trading hours.\nThursday’sreleaseof the Personal Consumption Expenditures Price Index for July showed that U.S. consumer spending grew by the biggest margin in six months. However,othereconomic indicators point to a slowing of the economy, with experts predicting a halt to interest rate hikes by the U.S. Federal Reserve in September.\n“The PCE is being keenly watched as investors were cheered earlier in the week by the weaker-than-expected payrolls data and annual gross domestic product growth forecast – both of which strongly make the case that the Federal Reserve must now stop its most aggressive tightening campaign in decades,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement.\nThe Fed raised its interest rate to between 5.25% and 5.50% in July, the highest level in 22 years. The CME FedWatch Toolpredictsan 88.0% chance that the central bank will maintain the current rate at the next meeting in September, up from 81.0% a week ago.\nInvestors now look to Friday’s release of the U.S. jobs report for August released later on Friday, adding to last month’s labor market slowdown.\n“Job openings are falling, and American workers are more reluctant to leave their positions right now,” Andrew Challenger, senior vice president of Chicago-based outplacement firm Challenger, Gray & Christmas,toldCNN. He added that the market is seeing a reset after a post-coronavirus hiring frenzy.\nMeanwhile, the main Asia equity indexes were mixed. China’s SSE Composite, Japan’s Nikkei 225 and South Korea’s Kospi moved up while Hong Kong’s Hang Seng Index fell.\nOn Thursday, Chinaloweredthe minimum down payment for homebuyers in its largest cities in an effort to boost the country’s slowing housing market. The nationwide minimum downpayment will be set at 20% for first-time buyers and 30% for second-timers, effective Sep. 25.\nChina is facing a crisis in its real estate sector following the downfall of the Evergrande Group. The nation’s non-manufacturing purchasing managers’indexreleased Thursday hit a yearly low. The news has led to more caution in global equities as traders assess a slowdown in the world’s second largest economy.\n“The conventional wisdom seems to be flipping from a concern with the unstoppable rise of Chinese power to a worry about the irrevocable decline of China’s economy and population,” Richard Fontaine, CEO of Washington-based Center for a New American Security,toldBloomberg.\n(Updates to add quotes from Rachael Lucas)', 'Bitcoin, Ether and most top ten non-stablecoin cryptocurrencies dropped Friday morning in Asia. At a touch above US$26,000, Bitcoin has traced back most of the gains triggered by Tuesday’s favorable U.S. court ruling for Grayscale Investments in its Bitcoin ETF case against the SEC. Equity futures in the U.S. were little changed following a mixed session Thursday. The personal consumption expenditures (PCE) index moved higher as consumers continue to spend. Investors expect today’s U.S. payroll report for August to shed more light on coming interest rate policy. Crypto s down as SEC delays more ETF decisions Bitcoin dropped 4.42% over the last 24 hours to US$26,042.84 as of 07:00 a.m. in Hong Kong. The token is down 0.26% for the week, according to CoinMarketCap data . Bitcoin’s value fell along with other cryptocurrencies after the U.S. Securities and Exchange Commission announced Thursday it will delay seven spot Bitcoin exchange traded fund applications until October. Some of the world’s largest asset managers including BlackRock, WisdomTree, and VanEck are among those waiting on the SEC for ETF approval. “The move is very clear; the pump we had from Grayscale-SEC news is now faded,” Benjamin Stani, director of business development at Hong Kong-based digital asset broker Matrixport, said in a text message. The market, Stani added, “was hoping that after Grayscale, there [would be] a path forward and had some analysts up the probability of a spot ETF approval before the year-end — but it looks like not so soon.” Ether dipped 3.15% to US$1,648.76 over the past 24 hours for a weekly loss of 0.33%. “The current technical signals for Ethereum appear to be undergoing a period of mixed trends across different time frames,” Rachael Lucas, crypto technical analyst at BTC Markets, told Forkast via text message. Ether market data shows the token is on track to form a so-called “death cross” — “a development often viewed with caution by market participants,” Lucas said. The cross, which occurs when the short-term average falls below the long-term trend, is generally a sign of further losses ahead. Currently, the short-term 50-day average stands at 1808.3, while the 200-day average is at 1802.9, according to TradingView . Story continues Lucas said that Ether has stepped into a negative territory in a weekly timeframe, which may lead to a short-term pullback. “It’s essential to consider these movements in the context of broader market dynamics, as the cryptocurrency space can be characterized by rapid price shifts,” Lucas explained. Most other top ten non-stablecoin cryptos posted losses, with Solana’s SOL leading the losers. It dipped 5.07% to US$19.81, its lowest level in over six weeks. On Monday, Clockwork — a Solana-based automation network for smart contracts — shut down . Its founder Nick Garfield said he saw “limited commercial upside” in the project. Ultimately the reason we are stepping away now is simple opportunity cost. We admittedly see limited commercial upside in continuing to develop the protocol, and have a growing personal interes Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $506,490,941,812 - Hash Rate: 417508504.7894277 - Transaction Count: 419548.0 - Unique Addresses: 769950.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Stablecoin issuer Tether said that it will discontinue support for Omni, a Bitcoin layer used for USDT transfers since 2014. Tether will also relinquish support for Kusama (KSM) and Bitcoin Cash (BCH) SLP implementations, according to the announcement . Omni is a software layer built on top of the Bitcoin blockchain. It was designed to enhance the features of the Bitcoin blockchain by providing smart contract capabilities. "Over the years, the Omni Layer faced challenges due to the lack of popular tokens and the availability of USDT on other blockchains. This led many exchanges to favor alternative transport layers, leading to a decline in USDT usage on Bitcoin using the Omni Layer," Tether said in the announcement. Tether is the largest stablecoin with a market cap of $82 billion, of which $240 million worth of tokens are issued on the Omni layer while $1.4 million and $980,000 are issued on Kusama and Bitcoin Cash respectively, according to Tether's transparency report . The stablecoin provider will stop issuing USDT on Omni, Kusama and Bitcoin Cash from Aug. 17, while redemptions will continue for the next 12 months. The price of tether has slumped by 0.12% over the past 24 hours as it trades at $0.998, according to CoinDesk data . View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['EDMONTON, Alberta, Sept. 01, 2023 (GLOBE NEWSWIRE) --Bitcoin Well Inc.(“Bitcoin Well” or the “Company”) (TSXV:BTCW; OTCQB:BCNWF), the non-custodial fintech business which future-proofs money by making bitcoin useful to everyday people, is pleased to announce it has closed a non-brokered private placement offering (the “Offering”) of 23,291,985 units of Bitcoin Well (the “Units”) at a price of $0.06 per Unit for aggregate gross proceeds of $1,397,519.24. Each Unit is comprised of one common share in the Company (each, a “Common Share” and collectively “Common Shares”) and one common share purchase warrant (each, a “Warrant” and collectively “Warrants”) exercisable into one Common Share at a price of $0.18 per share for a period of three years from closing.\nThe Offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 –Prospectus Exemptions(the “LIFE Exemption”). Any securities issued under the LIFE Exemption are not subject to a hold period in accordance with applicable Canadian securities laws. The proceeds of the Offering will be used to improve cashflow, pay certain outstanding liabilities and for general working capital purposes. No finder’s fee was paid in connection with the Offering.\nIf, during a period of 10 consecutive trading days between the applicable closing date and the expiry of the Warrants, the daily volume-weighted average trading price of the Common Shares on the TSX Venture Exchange (or such other stock exchange where the majority of the trading volume occurs) exceeds $0.36 for each of those 10 consecutive days, the Company may, within 30 days of such an occurrence, give written notice to the holders, following which notice the holders of the Warrants will have 30 days to exercise their Warrants.\nPursuant to the Offering, Adam O’Brien acquired control over 2,880,000 Units. Prior to the Offering, Mr. O’Brien exercised control over 81,204,904 Common Shares, representing 46.3% of the issued and outstanding Common Shares on an undiluted basis (47.1% on a partially-diluted basis). Following the Offering, Mr. O’Brien exercises control over 84,084,904 Common Shares, representing 42.3% of the issued and outstanding Common Shares on an undiluted basis (43.9% on a partially-diluted basis). Mr. O’Brien currently does not have any plan to acquire or dispose of additional securities of the Company. However, Mr. O’Brien may acquire additional securities of the Company, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position, depending on market conditions, reformulation of plans or other relevant factors.\nPursuant to the Offering, Terry Rhode acquired control over 9,356,887 Units. Prior to the Offering, Mr. Rhode exercised control over 5,178,000 Common Shares, representing 2.9% of the issued and outstanding Common Shares on an undiluted basis (3.5% on a partially-diluted basis). Following the Offering, Mr. Rhode exercises control over 14,534,887 Common Shares, representing 7.3% of the issued and outstanding Common Shares on an undiluted basis (11.9% on a partially-diluted basis). Mr. Rhode currently does not have any plan to acquire or dispose of additional securities of the Company. However, Mr. Rhode may acquire additional securities of the Company, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position, depending on market conditions, reformulation of plans or other relevant factors.\nThe foregoing disclosure is being disseminated pursuant to National Instrument 62-103 –The Early Warning System and Related Take-Over Bid and Insider Reporting. Copies of the early warning reports with respect to the foregoing will appear on the Company’s SEDAR profile at www.sedarplus.ca and may also be obtained by contacting the Company at 1 888 711 3866 [email protected].\nThe Company further announces that it has entered into amending agreements (“Amending Agreements”) to amend the terms of certain agreements pursuant to which certain insiders and arm’s length parties loaned bitcoin and ETH to the Company in consideration for interest payments at market rates.\nThe Offering and certain of the Amending Agreements are considered related party transactions under Multilateral Instrument 61-101 –Protection of Minority Security Holders in Special Transactions(“MI 61-101”) because of the participation of certain directors and officers of Bitcoin Well. These transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the Units subscribed for by related parties, the prepaid interest payments to related parties, or the consideration paid therefor does not exceed 25% of the Company’s market capitalization.\nAbout Bitcoin Well\nBitcoin Well is in the business of future-proofing money. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. Our existing Bitcoin ATM business unit drives cash-flow to help fund this mission.\nJoin ourinvestor communityand follow us onNostr,LinkedIn,TwitterandYouTubeto keep up to date with our business.\nBitcoin Well contact information\nTo book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link:https://bitcoinwell.com/meet-adam\nFor additional investor & media information, please contact:Tel: 1 888 711 [email protected]\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward-looking informationCertain statements contained in this news release may constitute forward-looking statements or forward-looking information (collectively, “forward-looking information”). Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions.All statements herein other than statements of historical fact constitute forward-looking information, including but not limited to statements in respect of: final approval of the Offering by the TSX Venture Exchange; and Bitcoin Well’s business plans and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.\nBitcoin Well’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, inability to obtain final TSX Venture Exchange approval, competitive factors in the industries in which Bitcoin Well operates, prevailing economic conditions, and other factors, many of which are beyond the control of Bitcoin Well.\nBitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to becorrectand such forward-looking information should not be unduly relied upon.\nAny forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.\nFor more information, see the Cautionary Note Regarding Forward Looking Information found in the Bitcoin Well quarterly Management Discussion and Analysis.', 'EDMONTON, Alberta, Sept. 01, 2023 (GLOBE NEWSWIRE) --Bitcoin Well Inc.(“Bitcoin Well” or the “Company”) (TSXV:BTCW; OTCQB:BCNWF), the non-custodial fintech business which future-proofs money by making bitcoin useful to everyday people, is pleased to announce it has closed a non-brokered private placement offering (the “Offering”) of 23,291,985 units of Bitcoin Well (the “Units”) at a price of $0.06 per Unit for aggregate gross proceeds of $1,397,519.24. Each Unit is comprised of one common share in the Company (each, a “Common Share” and collectively “Common Shares”) and one common share purchase warrant (each, a “Warrant” and collectively “Warrants”) exercisable into one Common Share at a price of $0.18 per share for a period of three years from closing.\nThe Offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 –Prospectus Exemptions(the “LIFE Exemption”). Any securities issued under the LIFE Exemption are not subject to a hold period in accordance with applicable Canadian securities laws. The proceeds of the Offering will be used to improve cashflow, pay certain outstanding liabilities and for general working capital purposes. No finder’s fee was paid in connection with the Offering.\nIf, during a period of 10 consecutive trading days between the applicable closing date and the expiry of the Warrants, the daily volume-weighted average trading price of the Common Shares on the TSX Venture Exchange (or such other stock exchange where the majority of the trading volume occurs) exceeds $0.36 for each of those 10 consecutive days, the Company may, within 30 days of such an occurrence, give written notice to the holders, following which notice the holders of the Warrants will have 30 days to exercise their Warrants.\nPursuant to the Offering, Adam O’Brien acquired control over 2,880,000 Units. Prior to the Offering, Mr. O’Brien exercised control over 81,204,904 Common Shares, representing 46.3% of the issued and outstanding Common Shares on an undiluted basis (47.1% on a partially-diluted basis). Following the Offering, Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $504,446,840,244 - Hash Rate: 420273461.77478814 - Transaction Count: 539748.0 - Unique Addresses: 774348.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City. Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City. Spencer Platt/Getty Images US stocks traded mixed Friday, with the Dow capping off a 10-day winning streak. It's the longest run of gains for the index since August 2017. Next week investors will be watching big earnings from Microsoft and Meta, as well as a Fed meeting. US stocks traded mixed on Friday, with the Dow Jones Industrial Average eking out a gain to cap off a 10-day winning streak, its longest stretch in the green since August 2017. To close the week, American Express, oil firm Schlumberger, and advertising company Interpublic Group all reported earnings. More than 70% of the companies that have reported so far have beat expectations, according to FactSet data. Meanwhile, investors will be watching to see what policymakers announce at next week's Federal Reserve meeting. Many strategists expect a 0.25% interest rate hike, following last month's "skip." A quarter-point hike to the 5.25%-5.50% range would "more than likely mark the end of a historic tightening cycle," EY Chief Economist Gregory Daco wrote in a note Friday. "But those expecting a fanfare will be disappointed as the Fed will make every (too many) efforts to sound as hawkish as tolerable for financial markets, to avoid an undesired easing of financial conditions." Here's where US indexes stood as the market closed 4:00 p.m. on Friday: S&P 500 : 4,536.32, up 0.03% Dow Jones Industrial Average : 35,228.48, up 0.01% (3.30 points) Nasdaq Composite : 14,032.81, down 0.22% Here's what else is going on: One of Wall Street's favorite chipmakers has seen its value tumble this week. There are three ways the Barbie movie could drive upside for Mattel stock. Robert Shiller says the decade-long rally in home prices could end when the Fed stops its hiking cycle. There are signs that housing could see some good news on the horizon. These indicators suggest the stock market isn't as stretched as it might seem. 'Shark Tank' star Kevin O'Leary sounded off on Bidenomics and the S&P 500. Story continues In commodities, bonds, and crypto: Oil prices climbed, with West Texas Intermediate up 1.7% to $76.92 a barrel. Brent crude , the international benchmark, inched higher 1.6% to $80.88 a barrel. Gold edged lower 0.3% to $1,964.20 per ounce. The 10-year Treasury yield dipped one basis points to 3.835% Bitcoin moved higher 0.48% to $29,865.73 Read the original article on Business Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The team in bright orange, a skull and crossbones on their chests, walked onto the field of play, their anthem\xa0 —“Know Your Enemy”by U.S. rap metal band Rage Against the Machine — drowning out the cheers of the 150 or so fans in attendance.\nIt was a suitably rock-n-roll start to a first round cup game for Real Bedford, the world’s first Bitcoin-funded football team. The club, based in Bedford, a market town with a population of 170,000 in Bedfordshire, England, is the passion project of local owner and Bitcoin evangelist Peter McCormack.\nThe host of the “What Bitcoin Did” podcast — a Bitcoin-based current affairs show that positions the cryptocurrency as a remedy for socioeconomic issues such as rising inflation and state debt — spoke animatedly on the day of the match about the changes the club has seen under his ownership, and the role that Bitcoin has played in it.\n“Teams should care about something,” he said. “Every club has a history of where it came from. It’s usually the community they were in.” His ownership has brought with it the international reach and decentralized philosophy of Bitcoin — a “global community that cares about hard working people not having the fruits of their labor debased by government mismanagement of money,” he added.\nBut financial reliance on a cryptocurrency brings with it certain complications — including market volatility and industry implosions beyond the Real Bedford owner’s control.\nMcCormack completed the purchase of Real Bedford — a South Midlands Division One side then known as Bedford FC — in April 2022 on the back of various business ventures linked to Bitcoin. He said at the time of the takeover that, with Bitcoin-backed financing, he wants to put the club in a position to rise nine tiers to the Premier League — the pinnacle of English football.\nHe started the process of buying the club in December 2021, near the peak of the last crypto bull market. But in March 2022, the U.S. Federal Reserve began raising interest rates. Then in May that year, stablecoin platform Terra-Luna collapsed, followed by the FTX cryptocurrency exchange in November. A bear market mentality settled over the crypto industry as investors shied away from riskier assets, including Bitcoin. Prices dropped, while over US$2 trillion was wiped off the wider market.\nFrom a high of almost US$70,000, Bitcoin’s price plummeted to less than US$16,000 by the end of 2022. While it recovered some of that ground to trade within the US$26,000 range as of early September, analysts expect macroeconomic concerns to continue to weigh on the token’s price — at least in the short term.\n“The main headwind for crypto is rising real interest rates,” said Samuel Lee, founder of U.S.-based SVRN Asset Management, an investment advisory firm. “It’s unlikely we’ll see a sustained resurgence until interest rates drop back down again and people forget about the trauma and folly of the last bubble.”\nCould an extended period of crypto winter combined with further declines in the price of Bitcoin impact Real Bedford?\n“That doesn’t worry me because I fundamentally believe there’s a far higher chance of the pound failing than Bitcoin,” McCormack said. “I think a more important question is: is the club sustainable if we don’t keep winning?”\nAs the referee blew his whistle for the start of last week’s game at McMullen Park, the realities of ninth-tier English football set in. With the music off, the fans quietened down, their cheers replaced by the sound of the wind blowing through the trees lining the ground and a motorway running opposite. It was a long way from the glamor of the Premier League.\n“Bedford isn’t really known for anything,” said McCormack, 44, who has lived in the town most of his life. “If a tourist comes to the U.K., most people go to London or Manchester or Bath. There’s no reason to come to Bedford.”\nMark Anderson, a local software engineer who volunteers at the club on Saturdays, was more direct. “Bedfordshire is basically the arse-end of the nice bits,” he said, referring to the county’s location north of Greater London on the periphery of some of Britain’s most desirable real estate.\nBut it is McCormack’s connection to the local area, the Real Bedford owner said, that gives him an advantage over other sporting ownership models backed by digital assets.\n“This has meaning to me because it’s my town,” he said. “It’s the most important thing I’m doing. The town of Bedford should have a team in the Football League.”\nHe pointed to fourth-tier English football team Crawley Town —boughtby U.S. crypto consortium WAGMI United in April 2022 — as an example of an ownership model without a link to the local community. WAGMI, like McCormack, promised to take the club to the pinnacle of English football. But rather than Bitcoin, they planned to use sales of non-fungible tokens (NFTs) to build Crawley’s brand and establish an international fan base.\nThe project got off to a promising start, earning £3.5 million (US$4.4 million) from its first NFT drop. But against the backdrop of last year’s turbulence in the crypto market, the new owners became increasingly involved in day-to-day footballing operations — including abrief stinton the coach’s bench for co-owner Preston Johnson. The club went into a tailspin, suffering itsworst finishin twelve years in the football league and narrowly avoiding relegation.\nWhile WAGMI United didn’t respond to a request for comment, Reuben Watt, Chair of the Crawley Town Supporters Alliance, said that by the end of last season, confidence in the group’s ownership was at an “all-time low.” He worried that the owners had consistently focused on pleasing NFT holders over local fans.\nConcern among fans appears to have sunk in. WAGMIappointed Sam Jordan, a member of the Supporter’s Alliance, to the board of directors in August.\n“I think the appointment of Sam to the club’s board is a huge turning point for the club,” said Watt. “Had WAGMI got in someone with knowledge of English football straight away and put a fan on the board, then we would’ve been in a better situation.”\nMcCormack didn’t hold back in his criticism of the Crawley owners. “I think they bought it as a toy,” he said. “They bought a toy under the hype, probably watched a bunch of Ted Lasso and got excited. They’ve done a terrible job.”\nHe also identified issues with the WAGMI group’s association with crypto assets like meme coins and NFTs — which are fundamentally different, he said, to Bitcoin — as another flaw in its business model.\n“They basically want to just get people to buy crap that will lose value — which has been proven historically — whereas for us, Bitcoin is a monetary asset,” he said.\n“This war we see between Bitcoin and crypto is reflected in the ethos of how we run our clubs. Bitcoin is in our DNA, but we’re also about building that feeling around the town that this is a community thing,” he added.\nLast season, Real Bedford won its division at a canter, earning promotion to the South Midlands Premier Division. Much of the financing behind that run came from large-scale sponsorship. The club has partnership agreements with a host of Bitcoin companies, including Iris Energy, a sustainable Bitcoin mining firm; Galaxy, a crypto firm dealing in corporate finance; and Gemini, a cryptocurrency exchange.\nAccording to the club’srecords, sponsorship provided £387,900 (US$491,000) out of the club’s £549,507 (US$696,000) revenue in the 22/23 season — a significant amount given that ninth-tier clubs typically only have sponsorship deals in the four to five figure range.\nThe revenue brought in through tie-ups with the likes of Gemini — who, according to a spokesperson, view the Real Bedford partnership as a form of Bitcoin-backed community building — allows the club to make improvements to its facilities and player welfare in a way unmatched by the league’s other teams.\nAnd while the sponsorship revenue gives the club a huge advantage in its ability to attract players, the Bitcoin connection also acts as a magnet for attracting supporters from further afield — football fans who may not otherwise have chosen Bedford as a place to spend their Saturday afternoons.\n“Over the last year, over 100 people have come in from other countries to watch the games here,” McCormack says. “We had 12 come in from Slovakia! That’s insane! And they’re spending money in the hotels, in the bars, in the restaurants — that money supports our local economy.”\nThe 256% rise in matchday attendances since the takeover has put a strain on facilities unready for the increased level of interest. The club were averaging just 40 attendees per week when McCormack took over, whereas CEO Emma Firman wrote in the week’s program notes that the club is now working with local businesses to expand its designated parking for the game.\n“Our match days are getting busier, which is exciting for everyone here at the club as more people recognise our exciting project at McMullen Park,” she wrote.\nBut for all the club’s progress, the club’s ownership model is reliant on Bitcoin-affiliated sponsors impacted by the ongoing bear market.\nThe club still sits five rungs below McCormack’s medium-term target of the Football League — tiers 2 to 4 — where budgets of newly promoted sides are £1-3 million. Getting there will require sustained success for the next half-decade — not just for the team, but for Bitcoin-backed sponsors who will have to weather any further market volatility and declines in the token’s price.\nCompanies across the sector have been forced to push throughlarge-scale layoffsover the past year, with Real Bedford’s main sponsor Gemini undergoingthree consecutive rounds of job cutsbetween July 2022 and January 2023. Their spending on TV and digital advertisements alonefell from US$3.8 million to US$478,000between May and November 2022, according to the Wall Street Journal.\n“Crypto sponsor’s rich marketing budgets depended on the huge Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $505,011,897,406 - Hash Rate: 436863203.68695074 - Transaction Count: 625257.0 - Unique Addresses: 696368.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Illustration by Mitchell Preffer for Decrypt The prices of Bitcoin and Ethereum this week remained trapped in amber due to a dearth of both adoption or regulation stories. The week also saw the launch of Meta’s Threads, an Instagram-based microblogging site that looks suspiciously like Twitter. Don’t expect to see This Week on Crypto Threads just yet, however. In spite of the mass onboarding (ten million users in a few hours), Twitter will probably remain the Cryptoverse’s platform of choice for the foreseeable future. The week began with a DAO hack that severely disrupted the NFT market. Azuki DAO was formed by disgruntled Azuki NFT holders who banded together to coordinate a lawsuit demanding a $38 million refund from the Azuki’s creator, Chiru Labs, after its most recent release appeared to shamelessly plagiarize the original collection and do even better. The DAO itself was exploited for tens of thousands of dollars and appeared to have a knock-on effect on Yuga Labs’s iconic blue chip Bored Ape and Mutant Ape Yacht Club NFT collections, tweeted blockchain journalist Colin Wu. Affected by the Azuki incident, the NFT market fell sharply again in the past 24h. BAYC fell 16% and fell below 30 ETH, MAYC fell 20% and fell below 5 ETH, and Azuki fell 11% and fell below 6 ETH. The overall market value of the NFT market has fallen by 53% to 3.33million ETH in… — Wu Blockchain (@WuBlockchain) July 3, 2023 Beeple, the digital artist who currently holds the record for the most expensive NFT sold at auction— $69.3 million for his 10,000 Days collection—resurfaced in a headline in The Art newspaper. He donated a censored NFT of disgraced former FTX CEO Sam Bankman-Fried having an orgy with himself to an Italian art gallery. Molto bene! The artist @beeple has donated a "censored" NFT work starring the disgraced crypto entrepreneur Sam Bankman-Fried to an Italian museum @rivolicast https://t.co/HjYrb8c1OI — The Art Newspaper (@TheArtNewspaper) July 3, 2023 The Twitter account for crypto trading platform Bitfinex was seen dispensing some serious hopium on Monday. Story continues 🧵 The current #BTC 30-31k level is critical. This zone served as a rebound point in Jan 2021 after a 35% depreciation, leading to the $64,800 peak. https://t.co/wtjPwPhal9 — Bitfinex (@bitfinex) July 3, 2023 The next day, Gemini co-founder Cameron Winklevoss shared an open letter to Digital Currency Group CEO Barry Silbert who, according to Winklevoss, owes users of Gemini’s Earn program around a billion dollars. This feud has appeared in our Twitter roundup before , but this week Winklevoss channeled it into its logical conclusion: the courtroom. He warned Silbert about it three days in advance. Earn Update: An Open Letter to @BarrySilbert pic.twitter.com/ErsYpcEjQD — Cameron Winklevoss (@cameron) July 4, 2023 Silbert may have just put his head in the sand, because it appears he didn’t respond to Winklevoss’s offer to negotiate. On Friday, Winklevoss posted a lengthy lawsuit thread with screenshots of his filing, alleging some very underhand stalling tactics on Silbert’s part. 1/ Today, @Gemini filed a lawsuit against @DCGco and @BarrySilbert personally in New York court. Barry was not only the architect and mastermind of the DCG and Genesis fraud against creditors, he was directly and personally involved in perpetrating it. — Cameron Winklevoss (@cameron) July 7, 2023 Billionaire Shark Tank star, Dallas Mavericks owner, and high-profile crypto fan Mark Cuban jumped on a thread by crypto skeptic lawyer John Reed Stark in order to praise Japan’s regulatory approach to crypto. The pair exchanged essays; Stark replied : “To me, crypto is not innovation – it’s mathematical computational blather typically dressed up by trickery and marketing theater.” You should read up on how Japan deals with regulation. https://t.co/yHCVwZAqvG When FTX crashed, NO ONE IN FTX JAPAN LOST MONEY. If the USA/SEC had followed their example by setting clear regulations that required the separation of customer and business funds and clear… https://t.co/Msvn9o9PCU — Mark Cuban (@mcuban) July 4, 2023 On Friday, Binance CEO Changpeng Zhao was swatting away rumors that his workforce was shrinking. The exchange and its CEO was recently sued by the SEC for alleged securities violations. 4. More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong. As an organization that has grown from 30 to 8000 people in 6 years, from 0 to the world’s largest crypto exchange in less than 5 months… — CZ 🔶 Binance (@cz_binance) July 6, 2023 That day, Polygon Labs’ president Ryan Wyatt announced he’s leaving his position at the end of the month, but he’s staying adjacent to both the industry and Polygon. It's bittersweet to share I am leaving @0xPolygonLabs at the end of the month! @0xMarcB , our Chief Legal Officer, will be stepping up & leading working closely with @sandeepnailwal ! For me, I'll be advising Polygon, investing, & staying in the industry! More to come later. pic.twitter.com/ssPaY79oRc — Ryan Wyatt (@Fwiz) July 7, 2023 The founder of DeFi lending protocol Swivel Finance, Julien Traversa, noticed that something’s up with the now-defunct stablecoin issuer Fei Protocol’s Discord. It was taken over by the Superior Court of California for San Francisco County! Looks like @feiprotocol 's discord has been taken over by San Fransisco's superior courts This is the first I've personally seen courts take over a discord, is this common? A link to the class action -- https://t.co/fD20xLofTX pic.twitter.com/5HI1EpFZp2 — Julian Traversa (@TraversaJulian) July 7, 2023 Finally, machine learners can now pay each other in Bitcoin. Should we be worried? Artificial intelligence programs like ChatGPT have learned how to send bitcoin payments. To put this in other words... Machines can pay other machines. pic.twitter.com/j9VtLxpJc8 — Documenting ₿itcoin 📄 (@DocumentingBTC) July 7, 2023... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin edged up on Monday morning in Asia but remained below the US$26,000 resistance level, giving up much of last week’s gains from a favorable court ruling on Grayscale’s spot Bitcoin exchange-traded fund application. Ether also stayed range-bound at around US$1,650, while other top 10 non-stablecoin cryptocurrencies traded mixed, with XRP leading the winners and Dogecoin the losers. U.S. stock futures edged down Monday morning after Wall Street closed the week higher on a cool-off in the U.S. labor market that soothed the concerns for more interest rate hikes. Bitcoin gave up gains from Grayscale’s victory Bitcoin edged up 0.30% in the last 24 hours to US$25,958.25 as of 07:30 a.m. in Hong Kong and traded 0.46% lower for the week, according to CoinMarketCap data. The world’s leading cryptocurrency lost control of the US$26,000 support level on Friday and fluctuated around the mark over the weekend. Bitcoin briefly reached a weekly high of over US$28,000 last Tuesday on a court ruling that required the U.S. Securities and Exchange Commission to review asset manager Grayscale’s Bitcoin ETF application, but soon gave up all the gains after the SEC delayed all pending ETF applications on Thursday. “While investors might be looking at the Grayscale v. SEC developments, it feels like the recent price action is linked to activity from the FTX wallets, igniting fear of a potential dump as some (or all) of these assets would be liquidated into fiat for expenses, repaying investors,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. A Solana-based cold wallet owned by collapsed crypto exchange FTX transferred over US$10 million worth of cryptocurrencies, including LINK, SUSHI, LUNA and YFI, to Ethereum addresses from Aug. 31 to Sept. 2, according to Arkham Intelligence data cited by blockchain journalist Colin Wu . Both Bitcoin and Ether’s prices are below their 50-day moving averages of US$28,299 and US$1,789, indicating bearishness in the prices, Markus Thielen, head of research & strategy at digital asset service platform Matrixport, said in a Monday report by Matrixport. In the past month, the world’s leading stablecoin USDT has lost US$1 billion in market cap and consistently traded below the 1:1 peg with U.S. dollars, according to CoinMarketCap data. “The decline in (USDT) market cap was first associated with a move into Bitcoin on August 8 when US$400 million was moved from USDT into BTC. But then another US$500 million appeared to have been redeemed when Bitcoin prices crashed around August 18. Liquidity leaving the ecosystem, is always negative,” said Thielen. Story continues Ether inched 0.17% higher to US$1,635.19 and was down 1.27% over the past seven days. Most other top 10 non-stablecoin cryptocurrencies traded mixed over the past 24 hours and moved no higher than 1%. The exception was XRP, which led the winners by gaining 1.07% in the past 24 hours to US$0.5048, but remained 3.46% lower for the week. Dogecoin led the losers, dropping 0.62% in the past 24 hours to US$0.06315 and stayed flat for the seven-day period. Toncoin, the native token of Ton network, surged 23.86% in the past week, boosted by the network’s launch of its new smart contract programming language Tact on August 22. TON stands for “The Open Network,” a layer-1 blockchain originally developed by messaging service provider Telegram that withdrew from the project in 2020. TON launched the beta of its own crypto wallet service TON Space on August 10, which was integrated into the Telegram application at the very start. “With Telegram boasting a user base of 700 million, the platform presents a substantial opportunity for the distribution and onboarding of new users into the Toncoin ecosystem,” said John Stefanidis, chief executive officer and co-founder of blockchain infrastructure foundation Balthazar DAO. The total crypto market capitalization dipped 0.09% to US$1.04 trillion. Trading volume dropped 10.77% to US$19.78 billion. U.S. stock futures flat after Wall Street booked weekly gains Image: Getty Images Main stock indexes across Asia went higher on Monday morning, as of 09:50 a.m. in Hong kong. China’s Shanghai Composite Index, Hong Kong’s Hang Seng, Japan’s Nikkei and South Korea’s Kospi all logged gains. U.S. stock futures were trading mixed with Dow futures and S&P 500 futures inching down while Nasdaq futures were edging higher. Wall Street closed varied at the end of regular session trading Friday, but all three major U.S. indexes booked weekly gains as Friday’s labor market data eased rate hike worries. The U.S. stock market closes this Monday and will open on Tuesday, The U.S. unemployment rate rose to 3.8% in August, the highest reading since February 2022, according to the Labor Department on Friday, which could mitigate the concerns about further increases in the U.S. interest rates. Given the uptick in unemployment rate, moderated job gains and wage growth, as well as an increase in labor force participation, “the U.S. August jobs report increases the probability that the highly data-dependent Fed will not hike again in this cycle,” Mohamed A. El-Erian, an adviser to Germany-based financial services firm Allianz, tweeted on Friday. Adding to the optimistic outlook of the U.S. central bank’s battle against inflation, Atlanta Federal Reserve Bank President Raphael Bostic said on Thursday that “inflation is conclusively on track toward 2% over a reasonable time frame,” and that the Fed’s monetary policy “is already restrictive enough to get us there.” The Fed raised its interest rate to between 5.25% and 5.50% in July, the highest level in 22 years. Fed Chair Jerome Powell said following July’s meeting that the central bank will take a “data-dependent” approach when deciding how to reduce the country’s annual inflation below its long-term goal of 2%. The CME FedWatch Tool predicts a 93% chance the Fed will maintain the current rate at its next meeting on September 20, up from 88% on Friday. Information to notice in the week ahead includes the S&P’s August U.S. services purchasing manager index (PMI) on Wednesday, as well as a series of Fed official speeches on Thursday. Meanwhile, China’s Shanghai Composite Index logged its biggest weekly gains in over a month last Friday, as the country ramped up the policy supports for its ailing post-Covid economic recovery, according to Reuters on Monday. China’s economic revival kit includes alleviating home-purchase restrictions in an attempt to stablize its wavering property market , as well as the country’s top banks paving ways for more interest rate cuts . (Updates with equity section.) View comments', 'Bitcoin edged up on Monday morning in Asia but remained below the US$26,000 resistance level, giving up much of last week’s gains from a favorable court ruling on Grayscale’s spot Bitcoin exchange-traded fund application. Ether also stayed range-bound at around US$1,650, while other top 10 non-stablecoin cryptocurrencies traded mixed, with XRP leading the winners and Dogecoin the losers. U.S. stock futures edged down Monday morning after Wall Street closed the week higher on a cool-off in the U.S. labor market that soothed the concerns for more interest rate hikes.\nBitcoin edged up 0.30% in the last 24 hours to US$25,958.25 as of 07:30 a.m. in Hong Kong and traded 0.46% lower for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency lost control of the US$26,000 support level on Friday and fluctuated around the mark over the weekend.\nBitcoin briefly reached a weekly high of over US$28,000 last Tuesday on acourt rulingthat required the U.S. Securities and Exchange Commission to review asset manager Grayscale’s Bitcoin ETF application, but soon gave up all the gains after the SEC delayed all pending ETF applications on Thursday.\n“While investors might be looking at the Grayscale v. SEC developments, it feels like the recent price action is linked to activity from the FTX wallets, igniting fear of a potential dump as some (or all) of these assets would be liquidated into fiat for expenses, repaying investors,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nA Solana-based cold wallet owned by collapsed crypto exchange FTX transferred over US$10 million worth of cryptocurrencies, including LINK, SUSHI, LUNA and YFI, to Ethereum addresses from Aug. 31 to Sept. 2, according to Arkham Intelligence data cited by blockchain journalistColin Wu.\nBoth Bitcoin and Ether’s prices are below their 50-day moving averages of US$28,299 and US$1,789, indicating bearishness in the prices, Markus Thielen, head of research & strategy at digital asset service platform Matrixport, said in a Monday report by Matrixport.\nIn the past month, the world’s leading stablecoin USDT has lost US$1 billion in market cap and consistently traded below the 1:1 peg with U.S. dollars, according to CoinMarketCap data.\n“The decline in (USDT) market cap was first associated with a move into Bitcoin on August 8 when US$400 million was moved from USDT into BTC. But then another US$500 million appeared to have been redeemed when Bitcoin prices crashed around August 18. Liquidity leaving the ecosystem, is always negative,” said Thielen.\nEther inched 0.17% higher to US$1,635.19 and was down 1.27% over the past seven days.\nMost other top 10 non-stablecoin cryptocurrencies traded mixed over the past 24 hours and moved no higher than 1%. The exception was XRP, which led the winners by gaining 1.07% in the past 24 hours to US$0.5048, but remained 3.46% lower for the week.\nDogecoin led the losers, dropping 0.62% in the past 24 hours to US$0.06315 and stayed flat for the seven-day period.\nToncoin, the native token of Ton network, surged 23.86% in the past week, boosted by the network’s launch of its new smart contract programming languageTacton August 22.\nTON stands for “The Op Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $505,732,967,412 - Hash Rate: 411978590.8187068 - Transaction Count: 573196.0 - Unique Addresses: 730142.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • Elon Musk's X is reportedly looking for a financial-data giant to build a trading hub on the app. • Musk said on X that "no work is being done on this to the best of my knowledge." Elon Musk’s soon-to-be super app X, formerly known as Twitter, is looking for a financial-data giant to build a trading hub inside the app, news outlet Semafor reported, citing documents and people familiar with the matter. According to the documents, X sent a request to financial-data providers in recent weeks asking for proposals on financial content and real-time stock data, among others, Semafor said, adding that It wasn’t clear if any firms had submitted proposals due last week. The request to the data firms also said that X is offering potential partners a reach of “hundreds of millions of highly qualified users,” but won't compensate them. The firms were asked to put down the amount of money they would be willing to invest in the project, Semafor reported. Musk, however, said on Xthat “no work is being done on this to the best of my knowledge.” While this is not a direct denial, it could suggest such a service may be in the works but may not be imminent. This isn't the first time a potential for a trading hub within the X platform was floated. Earlier this year, social investing platform eToro said it is set tooffer trading servicesof crypto and other assets directly to the users of then-called Twitter through an arrangement with the company. If plans to build an in-app trading hub do go through, given Musk’s affinity for digital assets - specifically meme coin dogecoin (DOGE) — the platform could easily allow the trading of cryptocurrencies on top of other assets, in particular bitcoin (BTC), which potentially be a safe asset to list from a regulatory perspective. Coinbase CEO Brian Armstrong earlier this week made public that the Securities and Exchange Commission had told him tostop trading all cryptocurrencies but bitcoin, suggesting that regulators wouldn’t have an issue with that particular cryptocurrency. Musk had previously announced his plans to allow payments on the X platform, initially only in fiat currencies. Still, he was open to the idea of having theoption to add cryptoat a later point. Muskrefashioned Twitter to Xin July as part of his plans to create an everything-app — much like China’s WeChat — that would allow for a wider variety of services, including payments and gaming. Crypto experts reacted positively to the change, saying that the rebrandingcould be a “game-changer”for the ecosystem. Read more:Twitter Is Dead. Long Live Crypto Twitter?... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin edged lower on Tuesday morning in Asia to trade below the weekend’s resistance level of US$26,000. Ether dipped to near the US$1,600 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP posted the biggest gains while Solana led the losers. Digital asset investment products saw a minor outflow last week accompanied by a surge in trading volumes, indicating mixed sentiment among institutional investors. U.S. stock futures traded mixed ahead of regular trading following the long holiday weekend.\nBitcoin dipped 0.57% in the last 24 hours to US$25,804.63 as of 07:30 a.m. in Hong Kong for a weekly loss of 1.15%, according toCoinMarketCapdata. The world’s leading cryptocurrency had been trading in the US$26,000 range since Friday. It briefly breached US$28,000 last Tuesday as an apparent victory for Grayscale Investment against the U.S. Securties and Exchange Commission boosted sentiment. That optimism has now cooled.\nEther dipped 0.49% to US$1,627.26, losing 1.58% over the past seven days.\nThe crypto market is suffering from regulatory uncertainties in the U.S., said Samer Hasn, market analyst for online brokerage XS.com, in an emailed comment. He also noted the effect of large transactions on the market, including a US$213 millionXRPtransaction and a US$37 millionShiba Inutransaction recorded over the weekend.\n“Although the reasons behind the series of huge transfers that we are witnessing in the cryptocurrency market are not yet completely clear, I believe that they may continue to fuel a state of anticipation and caution in the markets, especially since these transfers come amid weak sentiment among market participants, with the continuing battle in the judicial arena in the United States,” Hasn said.\nMeanwhile, Binance’s global head of product Mayur Kamat resigned from the company, Reutersreportedon Monday. The world’s largest crypto exchange faces lawsuits from the U.S.SECand Commodity Futures Trading Commission (CFTC), as well as an investigation from the U.S. Department of Justice (DOJ).\nMost other top 10 non-stablecoin cryptocurrencies traded mixed over the past 24 hours, with movement within the 1% range across the board. XRP led the winners with a 0.61% gain to US$0.5082, but remained 3.01% lower for the week.\nDigital asset investment products saw a minor outflow of US$11.2 million in the week ending Sept. 1. That was a slowdown from US$168 million last week, according to a Mondayreportby European alternative asset manager CoinShares. Despite the small outflow, digital investment products’ trading volume totaled US$2.8 billion,\xa0 a 90% rise on the year-to-date average.\n“The recent minor outflows from digital asset funds may be due to uncertainty around the approval of the spot Bitcoin ETFs — following an initial surge of enthusiasm upon their announcement,” said John Stefanidis, CEO of blockchain infrastructure foundation Balthazar DAO.\n“As we approach the upcoming Bitcoin halving event, it will be interesting to see how these regulatory uncertainties are balanced,” he added.\nThe Bitcoin halving event will see the amount of new tokens issued every 10 minutes cut in half, increasing its scarcity. This is widely anticipated to produce a surge in the token’s price. The next Bitcoin halving is expected to take place in April 2024.\nElsewhere, crypto exchange BybitintroducedTradeGPT on Monday — an artificial intelligence-powered education tool that uses ChatGPT to generate market analysis and answer technical questions based on Bybit’s real-time market data. Other crypto exchanges includingBinance,Crypto.comandOKXalso launched A.I.-powered analyzing tools earlier this year.\nThe total crypto market capitalization dipped 0.56% to US$1.04 trillion. Trading volume rose 20.65% to US$23.77 billion.\nU.S. stock futures were trading lower ahead of the opening bell Tuesday after a holiday-extended weekend for markets. Despite closing mixed on Friday, all three major U.S. indexes posted weekly gains, with Friday’sjobs dataeasing rate hike worries.\nAll the main stock indexes across Asia were showing losses as of 10:00 a.m. in Hong Kong.\nChina’s release of key economic data Tuesday morning cast a cloud over markets. TheCaixin China services purchasing managers index(PMI) — a private gauge of the business activities in the country’s service industry — dropped from 54.1 in July to 51.8 in August, the lowest level in the past eight months. A PMI reading above 50 indicates a growth in business activities, while a sub-50 reading indicates a contraction.\nThe PMI report followed an unexpectedexpansionin China’s manufacturing industry on September 1. But a slowdown of growth in the services industry provides more evidence of a wider economic downturn.\n“The marginal slowdown in the services sector’s supply and demand expansion offset the improvement in manufacturing production and demand,” Wang Zhe, an economist at Caixin Insight Group, told Reuters. “There was still considerable downward pressure on the economy.”\nMeanwhile, Japan’s manufacturing PMI rose from 53.8 in July to 54.3 in August — the highest reading in three months, according toReuterson Tuesday.\n“A stronger improvement in new orders received by Japanese service firms underpinned an acceleration in business activity growth,” Usamah Bhatti, an economist at S&P Global Market Intelligence, told Reuters. “That said, service providers signalled a steeper increase in inflationary pressures during August.”\nInvestors now await a decision on interest rates from the Reserve Bank of Australia expected later Tuesday. Analysts expect the country’s central bank to keep the rate unchanged at 4.10% for the third straight month, Bloombergreportedon Tuesday.\nIn the U.S., the Federal Reserve will meet on Sept. 20 to make its next move on interest rates, which are currently between 5.25% and 5.50%, the highest level in 22 years.\nTheCME FedWatch Toolpredicts a 93% chance the Fed will maintain the current rate unchanged in September, up from 78% on August 28.\nFurther indication of how the Fed’s plan for rates will arrive with a series of official speeches on Thursday. Elsewhere, S&P will release its U.S. services purchasing manager index (PMI) for August on Wednesday.\n(Updates with equity section.)', 'Bitcoin edged lower on Tuesday morning in Asia to trade below the weekend’s resistance level of US$26,000. Ether dipped to near the US$1,600 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP posted the biggest gains while Solana led the losers. Digital asset investment products saw a minor outflow last week accompanied by a surge in trading volumes, indicating mixed sentiment among institutional investors. U.S. stock futures traded mixed ahead of regular trading following the long holiday weekend.\nBitcoin dipped 0.57% in the last 24 hours to US$25,804.63 as of 07:30 a.m. in Hong Kong for a weekly loss of 1.15%, according toCoinMarketCapdata. The world’s leading cryptocurrency had been trading in the US$26,000 range since Friday. It briefly breached US$28,000 last Tuesday as an apparent victory for Grayscale Investment against the U.S. Securties and Exchange Commission boosted sentiment. That optimism has now cooled.\nEther dipped 0.49% to US$1,627.26, losing 1.58% over the past seven days.\nThe crypto market is suffering from regulatory uncertainties in the U.S., said Samer Hasn, market analyst for online brokerage XS.com, in an emailed comment. He also noted the effect of large transactions on the market, including a US$213 millionXRPtransaction and a US$37 millionShiba Inutransaction recorded over the weekend.\n“Although the reasons behind the series of huge transfers that we are witnessing in the cryptocurrency market are not yet completely clear, I believe that they may continue to fuel a state of anticipation and caution in the markets, especially since these transfers come amid weak sentiment among market participants, with the continuing battle in the judicial arena in the United States,” Hasn said.\nMeanwhile, Binance’s global head of product Mayur Kamat resigned from the company, Reutersreportedon Monday. The world’s largest crypto exchange faces lawsuits from the U.S.SECand Commodity Futures Trading Commission (CFTC), as well as an investigation from the U.S. Department of Justice (DOJ).\nMost other top 10 non-stablecoin cryptocurrencies traded mixed over the past 24 hours, with movement within the 1% range across the board. XRP led the winners with a 0.61% gain to US$0.5082, but remained 3.01% lower for the week.\nDigital asset investment products saw a minor outflow of US$11.2 million in the week ending Sept. 1. That was a slowdown from US$168 million last week, according to a Mondayreportby European alternative asset manager CoinShares. Despite the small outflow, digital investment products’ trading volume totaled US$2.8 billion,\xa0 a 90% rise on the year-to-date average.\n“The recent minor outflows from digital asset funds may be due to uncertainty around the approval of the spot Bitcoin ETFs — following an initial surge of enthusiasm upon their announcement,” said John Stefanidis, CEO of blockchain infrastructure foundation Balthazar DAO.\n“As we approach the upcoming Bitcoin halving event, it will be interesting to see how these regulatory uncertainties are balanced,” he added.\nThe Bitcoin halving event will see the amount of new tokens issued every 10 minutes cut in half, increasing its scarcity. This is widely anticipated to produce a surge in the token’s price. The next Bitcoin halving is expected to take place in April 2024.\nElsewhere, crypto exchange BybitintroducedTradeGPT on Monday — an artificial intelligence-powered education tool that uses ChatGPT to generate market analysis and answer technical questions based on Bybit’s real-time market data. Other crypto exchanges includingBinance,Crypto.comandOKXalso launched A.I.-powered analyzing tools earlier this year.\nThe total crypto marke Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $501,351,021,750 - Hash Rate: 342854666.18469554 - Transaction Count: 462093.0 - Unique Addresses: 753968.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Dietrich Knauth NEW YORK (Reuters) - Crypto lender Celsius Network on Monday received a U.S. bankruptcy judge's permission to seek creditor approval for its bankruptcy plan, advancing a proposal to exit Chapter 11 as a new entity owned by its creditors. Judge Martin Glenn signed off on Celsius's disclosure statement and solicitation materials at a U.S. Bankruptcy Court hearing in Manhattan, saying Celsius had given creditors sufficient information to vote on the proposed restructuring. Some creditors oppose the plan, but the official committee appointed to represent junior creditors supports it and will recommend that Celsius customers vote in favor. New Jersey-based Celsius filed for Chapter 11 protection in July 2022, one of several crypto lenders to go bankrupt following the rapid growth of the industry during the COVID-19 pandemic. Celsius had 600,000 customers who held about $4.4 billion in interest-bearing Celsius accounts when it filed for bankruptcy, according to court documents. Celsius's bankruptcy plan would return some crypto deposits to retail customers and hand control of remaining business lines - including bitcoin mining and staking - to the Fahrenheit Group, a consortium that includes blockchain-based venture capital firm Arrington Capital. Celsius estimates that most of its customers, who had interest-bearing Earn accounts, will receive a 67% recovery, through return of liquid crypto assets like Bitcoin and Ether, equity shares in the new company, and proceeds of post-bankruptcy litigation against company founder Alex Mashinsky and others. Customers will generally receive a higher recovery on other, non-interest-bearing accounts. Fahrenheit will buy a minority stake in the new business for $50 million and will publicly list the new company's stock on Nasdaq. This will allow Celsius customers to sell equity shares that they will receive as part of their bankruptcy recovery, according to court documents. Story continues The reorganized company will pursue litigation against Mashinsky, who already faces U.S. criminal charges and a New York civil lawsuit for allegedly misleading customers and artificially inflating the value of his company's propriety crypto token. Mashinsky has pleaded not guilty. Celsius creditors have a Sept. 20 deadline to submit votes on the proposal, and Celsius intends to seek final court approval of its restructuring plan on Oct. 2, according to court documents. (Reporting by Dietrich Knauth, Editing by Alexia Garamfalvi and David Gregorio)... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Grayscale Investments is urging the SEC to approve its\xa0request to convert its bitcoin trust into an ETF and has asked the agency to meet with them as quickly as possible after a court ruled against the agency's refusal to review Grayscale’s application.\nThe crypto asset manager delivered a letter on Sept. 5 to the regulator urging it to approve the conversion of the $16 billion Grayscale Bitcoin Trust into an exchange-traded fund.\nThe letter sent by Grayscale’s lawyers argued that the filing to turn the Grayscale Bitcoin Trust into an ETF has been “pending for nearly three times the length permitted” for the SEC to act. It also sought to address security issues raised by the agency, saying that if safety differences between a spot bitcoin and currently available futures bitcoin ETFs existed, the firm is “confident it would have surfaced by now.”\n“There is no available rationale that would distinguish a bitcoin futures ETP from a spot bitcoin ETP,” according to the letter sent by attorney Joseph Hall of New York’s Davis Polk.\nThe request follows Grayscale’s watershedlegal winover the agency on Aug. 29. The company had sued the SEC after the agency, which has to date not approved a spot bitcoin ETF, refused to permit the conversion of the Grayscale Bitcoin Trust into an ETF. Judges on the U.S. Court of Appeals D.C. Circuit last month sided with Grayscale and called the SEC’s decision “arbitrary and capricious.”\nThe SEC has 45 days after the ruling to appeal.\nInvestment managers from BlackRock Inc. to Fidelity Investments have pending spot bitcoin ETF applications in front of the SEC. Approval of the Grayscale application would open the door to their spot bitcoin ETFs being available to investors.\nWhile the regulatory body allows ETFs that track bitcoin futures contracts, it thus far has blocked firms from rolling out ETFs that track physical bitcoin, which is the product investors are vying for.\nTheProShares Bitcoin Strategy ETF (BITO)is by far the largest bitcoin futures ETF, which has $952 million in assets under management. The SEC has denied more than 30 spot bitcoin proposals since 2021.\n“GBTC is ready to operate as an ETF upon regulatory approval, and Grayscale and its investors look forward to more information from the SEC,” said a Grayscale spokesperson inthe company’s statementon the letter.\nGrayscale is now seeking to meet with the SEC “as soon as practical” to “discuss the way forward in view of recent developments,” according to the letter.\nAn SEC spokesperson said the agency is “reviewing the next steps” after the Grayscale lawsuit decision.\nGrayscale also argued that dragging out the approval process is hurting investors by pushing down the price of the trust. It also said that a spot bitcoin ETF is the least complicated and best product structure for bitcoin ETF investors.\nThe firm also said that its security measures, known as surveillance sharing agreements, handled by the Chicago Mercantile Exchange, are as effective as other firms’ proposed agreements with Coinbase.\nGrayscale currently has one ETF, theGrayscale Future of Finance ETF (GFOF), which has $5.3 million in AUM.\nContact Lucy Brewster [email protected]\nPermalink\| © Copyright 2023etf.com.All rights reserved", "Grayscale Investments is urging the SEC to approve its\xa0request to convert its bitcoin trust into an ETF and has asked the agency to meet with them as quickly as possible after a court ruled against the agency's refusal to review Grayscale’s application.\nThe crypto asset manager delivered a letter on Sept. 5 to the regulator urging it to approve the conversion of the $16 billion Grayscale Bitcoin Trust into an exchange-traded fund.\nThe letter sent by Grayscale’s lawyers argued that the filing to turn the Grayscale Bitcoin Trust into an ETF has been “pending for nearly three times the length permitted” for the SEC to act. It also sought to address security issues raised by the agency, saying that if safety differences between a spot bitcoin and currently available futures bitcoin ETFs existed, the firm is “confident it would have surfaced by now.”\n“There is no available rationale that would distinguish a bitcoin futures ETP from a spot bitcoin ETP,” according to the letter sent by attorney Joseph Hall of New York’s Davis Polk.\nThe request follows Grayscale’s watershedlegal winover the agency on Aug. 29. The company had sued the SEC after the agency, which has to date not approved a spot bitcoin ETF, refused to permit the conversion of the Grayscale Bitcoin Trust into an ETF. Judges on the U.S. Court of Appeals D.C. Circuit last month sided with Grayscale and called the SEC’s decision “arbitrary and capricious.”\nThe SEC has 45 days after the ruling to appeal.\nInvestment managers from BlackRock Inc. to Fidelity Investments have pending spot bitcoin ETF applications in front of the SEC. Approval of the Grayscale application would open the door to their spot bitcoin ETFs being available to investors.\nWhile the regulatory body allows ETFs that track bitcoin futures contracts, it thus far has blocked firms from rolling out ETFs that track physical bitcoin, which is the product investors are vying for.\nTheProShares Bitcoin Strategy ETF (BITO)is by far the largest bitcoin futures ETF, which has $952 million in assets under management. The SEC has denied more than 30 spot bitcoin proposals since 2021.\n“GBTC is ready to operate as an ETF upon regulatory approval, and Grayscale and its investors look forward to more information from the SEC,” said a Grayscale spokesperson inthe company’s statementon the letter.\nGrayscale is now seeking to meet with the SEC “as soon as practical” to “discuss the way forward in view of recent developments,” according to the letter.\nAn SEC spokesperson said the agency is “reviewing the next steps” after the Grayscale lawsuit decision.\nGrayscale also argued that dragging out the approval process is hurting investors by pushing down the price of the trust. It also said that a spot bitcoin ETF is the least complicated and best product structure for bitcoin ETF investors.\nThe firm also said that its security measures, known as surveillance sharing agreements, handled by the Chicago Mercantile Exchange, are as effective as other firms’ proposed agreements with Coinbase.\nGrayscale currently has one ETF, theGrayscale Future of Finance ETF (GFOF), which has $5.3 million in AUM.\nContact Lucy Brewster [email protected]\nPermalink\| © Copyright 2023etf.com.All rights reserved", "Grayscale Investments is urging the SEC to approve its\xa0request to convert its bitcoin trust into an ETF and has asked the agency to meet with them as quickly as possible after a court ruled against the agency's refusal to review Grayscale\x92s application. The crypto asset manager delivered a letter on Sept. 5 to the regulator urging it to approve the conversion of the $16 billion Grayscale Bitcoin Trust into an exchange-traded fund. The letter sent by Grayscale\x92s lawyers argued that the filing to turn the Grayscale Bitcoin Trust into an ETF has been \x93pending for nearly three times the length permitted\x94 for the SEC to act. It also sought to address security issues raised by the agency, saying that if safety differences between a spot bitcoin and currently available futures bitcoin ETFs existed, the firm is \x93confident it would have surfaced by now.\x94 \x93There is no available rationale that would distinguish a bitcoin futures ETP from a spot bitcoin ETP,\x94 according to the letter sent by attorney Joseph Hall of New York\x92s Davis Polk. Grayscale\x92s Court Victory Over SEC The request follows Grayscale\x92s watershed legal win over the agency on Aug. 29. The company had sued the SEC after the agency, which has to date not approved a spot bitcoin ETF, refused to permit the conversion of the Grayscale Bitcoin Trust into an ETF. Judges on the U.S. Court of Appeals D.C. Circuit last month sided with Grayscale and called the SEC\x92s decision \x93arbitrary and capricious.\x94 The SEC has 45 days after the ruling to appeal. Investment managers from BlackRock Inc. to Fidelity Investments have pending spot bitcoin ETF applications in front of the SEC. Approval of the Grayscale application would open the door to their spot bitcoin ETFs being available to investors. While the regulatory body allows ETFs that track bitcoin futures contracts, it thus far has blocked firms from rolling out ETFs that track physical bitcoin, which is the product investors are vying for. Story continues The ProShares Bitcoin Strategy ETF (BITO) is by far the largest bitcoin futures ETF, which has $952 million in assets under management. The SEC has denied more than 30 spot bitcoin proposals since 2021. \x93GBTC is ready to operate as an ETF upon regulatory approval, and Grayscale and its investors look forward to more information from the SEC,\x94 said a Grayscale spokesperson in the company\x92s statement on the letter. SEC Meeting With Grayscale Grayscale is now seeking to meet with the SEC \x93as soon as practical\x94 to \x93discuss the way forward in view of recent developments,\x94 according to the letter. An SEC spokesperson said the agency is \x93reviewing the next steps\x94 after the Grayscale lawsuit decision. Grayscale also argued that dragging out the approval process is hurting investors by pushing down the price of the trust. It also said that a spot bitcoin ETF is the least complicated and best product structure for bitcoin ETF investors. The firm also said that its security measures, known as surveillance sharing agreements, handled by the Chicago Mercantile Exchange, are as effective as other firms\x92 proposed agreements with Coinbase. Grayscale currently has one ETF, the Grayscale Future of Finance ETF (GFOF) , which has $5.3 million in AUM. Contact Lucy Brewster at [email protected] Permalink \| © Copyright 2023 etf.com. All rights reserved", 'Bitcoin was trading flat below the resistance le Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $502,909,695,500 - Hash Rate: 364419397.2930779 - Transaction Count: 485357.0 - Unique Addresses: 757286.0 Social & AI Sentiment: - Fear & Greed Index: 0.42 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Cryptocurrencies surged on Aug 8 after witnessing a slight slowdown following the Fed’s 25 basis point rate hike in the last week of July. Tuesday’s surge was largely triggered by the decision of Moody’s Investor Service to downgrade 10 small-to-medium-sized lenders and place six other banks on its review list for a potential downgrade. The credit rating agency cited deposit risk, fears of an impending recession and struggling commercial real estate portfolios as the reasons for the downgrade. Besides, Moody’s also changed its rating outlook for 11 banks to negative. The crypto market has made a solid rebound this year after a disappointing 2022 that saw the market plummet by more than 65%. The freefall was primarily triggered by the FTX bankruptcy following a major fraud and the Tera Luna crash. However, this year has been great and experts predict a cryptocurrency rally in the second half as macroeconomic conditions ease. Inflation has been steadily declining over the past 12 months, which saw the Fed lowering the magnitude of its rate hikes. This has been going in favor of the crypto market. Growth assets such as consumer discretionary and technology stocks and cryptocurrencies are adversely affected by higher interest rates. Cryptocurrencies have been on a rally since the beginning of 2023. The picture got rosier at the end of June and early July after the Fed left interest rates unchanged after 10 straight hikes. However, the rally came to almost a standstill after the central bank resumed its rate hike at the end of July and Fitch Ratings downgraded the U.S. long-term foreign-currency issuer default rating from AAA to AA+. However, the announcement by Moody’s sent the cryptocurrencies on a rally once again on Tuesday, with all major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) surging. Cryptocurrencies are widely considered an alternative to traditional banking systems. One of the major reasons behind the growing faith in cryptocurrencies is the renewed interest exhibited by prominent traditional financial institutions, particularly in Bitcoin. This has been a driving force behind the upward trajectory of Bitcoin's prices. Notably, financial giantBlackRock, Inc. BLK has taken steps by submitting an application to regulators to create a Bitcoin ETF. Should this proposal receive approval from regulatory authorities, it could lead to increased involvement from retail investors and offer avenues for expanded institutional support. Likewise, other major players, includingThe Charles Schwab CorporationSCHW, Citadel Securities and Fidelity Digital Assets, have backed the launch of a new cryptocurrency exchange named EDX Markets. This exchange facilitates the trading of Bitcoin as well as other prominent digital assets. The latest to jump onto the bandwagon isPayPal Holdings Inc.PYPL, which earlier this week became the first major U.S. fintech company to introduce its unique cryptocurrency token, in the form of a dollar-pegged stablecoin, named PayPal USD. From an investment perspective, taking advantage of the current upward trend of cryptocurrencies can be seen as a prudent decision. Riot Platforms, Inc.RIOT is a Bitcoin-driven infrastructure platform. RIOT is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. Riot Platforms’ expected earnings growth rate for next year is 38.9%. Shares of RIOT have gained 42.8% in the past three months. Riot Platforms presently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. NVIDIA CorporationNVDA is a major player in the semiconductor industry and has been one of the standout success stories of 2023. As a leading designer of graphic processing units (GPUs), the value of NVDA stock tends to surge during a thriving crypto market. This is primarily due to the crucial role GPUs play in data centers, artificial intelligence, and the mining or production of cryptocurrencies. NVIDIA’s expected earnings growth rate for next year is 133.2%. Shares of NVDA have gained 48.9% in the past three months. NVIDIA currently sports a Zacks Rank #1. Coinbase Global, Inc.COIN offers financial infrastructure and technology to support the global cryptocurrency economy. COIN provides a main financial account for consumers in the crypto space, a marketplace with liquidity for institutional crypto asset transactions, and technology and services for developers to build crypto-based applications and accept cryptocurrencies securely as payment. Coinbase Global’s expected earnings growth rate for the current year is 84.78%. Shares of COIN have increased 40.1% over the past three months. Coinbase currently has a Zacks Rank #2. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report BlackRock, Inc. (BLK) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 7 September 2023 - As the cryptocurrency market experiences a summer surge, particularly in the ETC USDT trading pair, BingX is thrilled to announce the launch of its zero-slippage "Guaranteed Price" feature . This timely introduction aims to capitalize on the market\'s momentum, offering traders an unparalleled experience with the ETC USDT pair. The Summer Surge in ETC/USDT Ethereum Classic (ETC) , a hard fork of Ethereum (ETH), has been gaining significant traction this summer. With its focus on smart contracts and decentralized applications (DApps), ETC has differentiated itself from its predecessor, Ethereum. The ETC/USDT trading pair has been a notable performer, attracting increased trading volumes and investor interest. Notably, the overall trading volume of ETC has seen an increment of 30% since June 2023, signaling strong market enthusiasm. BingX\'s Zero-Slippage Trading BingX\'s newly launched "Guaranteed Price" feature offers zero-slippage trading across all 172 trading pairs on its perpetual futures platform, including the upcoming ETC/USDT pair. This feature ensures that traders can execute their trades at the exact price they desire, enhancing the overall trading experience. To celebrate this launch, BingX is running a promotion . During this period, traders who enable the "Guaranteed Price" feature and complete specific tasks can win a 10 USDT voucher and share a prize pool of 1 BTC. How to Participate Task 1: Orders with IDs ending in 1, 6, or 8 will earn a 10. Task 2: Orders that are successfully triggered, with a total trading volume of 10,000 USDT, will share 1 BTC according to the actual trading volume. Rules and Regulations Rewards will be credited to your fund account within 5 working days after the promotion. BingX reserves the right to the final interpretation of the promotion. Any malicious trading behavior will result in disqualification. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Contact Details BingX Elvisco [email protected] Company Website https://bingx.com/en-us/ View source version on newsdirect.com: https://newsdirect.com/news/etc-usdt-summer-surge-meets-bingxs-zero-slippage-trading-launch-746602836 View comments', 'SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 7 September 2023 - As the cryptocurrency market experiences a summer surge, particularly in the ETC USDT trading pair, BingX is thrilled to announce the launch of its zero-slippage "Guaranteed Price" feature . This timely introduction aims to capitalize on the market\'s momentum, offering traders an unparalleled experience with the ETC USDT pair. The Summer Surge in ETC/USDT Ethereum Classic (ETC) , a hard fork of Ethereum (ETH), has been gaining significant traction this summer. With its focus on smart contracts and decentralized applications (DApps), ETC has differentiated itself from its predecessor, Ethereum. The ETC/USDT trading pair has been a notable performer, attracting increased trading volumes and investor interest. Notably, the overall trading volume of ETC has seen an increment of 30% since June 2023, signaling strong market enthusiasm. BingX\'s Zero-Slippage Trading BingX\'s newly launched "Guaranteed Price" feature offers zero-slippage trading across all 172 trading pairs on its perpetual futures platform, including the upcoming ETC/USDT pair. This feature ensures that traders can execute their trades at the exact price they desire, enhancing the overall trading experience. To celebrate this launch, BingX is running a promotion . During this period, traders who enable the "Guaranteed Price" feature and complete specific tasks can win a 10 USDT voucher and share a prize pool of 1 BTC. How to Participate Task 1: Orders with IDs ending in 1, 6, or 8 will earn a 10. Task 2: Orders that are successfully triggered, with a total trading volume of 10,000 USDT, will share 1 BTC according to the actual trading volume. Rules and Regulations Rewards will be credited to your fund account within 5 working days after the promotion. BingX reserves the right to the final interpretation of the promotion. Any malicious trading behavior will result in disqualification. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Contact Details BingX Elvisco [email protected] Company Website https://bingx.com/en-us/ View source version on newsdirect.com: https://newsdirect.com/news/etc-usdt-summer-surge-meets-bingxs-zero-slippage-trading-launch-746602836 View comments', 'Bitcoin traded flat Wednesday morning in Asia below the resistance level of US$26,000. Ether also traded flat, hovering around US$1,600. Wednesday’s U.S. spot Ether exchange-traded fund (ETF) application by asset manager Ark Invest is yet to have an effect on the token’s price. Other top 10 non-stablecoin cryptocurrencies traded mixed. Solana led the losers, while Toncoin posted the most gains. U.S. stock futures edged lower. That followed a slide Wednesday on Wall Street as stronger-than-expected U.S. economic data raised investor concern about inflation and interest rate hikes. Bitcoin, Ether tread water amid regulatory uncertainty Bitcoin dipped 0.05% in the last 24 hours to US$25,764.75 as of 07:20 a.m. in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency has been largely range bound between US$25,500 and US$26,000 since last Friday. “This coldness continues in cryptocurrency market trading amid low traders’ sentiment, with continued uncertainty about the future of the regulatory environment for this market, especially in the United States,” Samer Hasn, market analyst for online brokerage XS.com, said in an emailed comment. Hasn highlighted the delayed decisions by the U.S. Securities and Exchange Commission (SEC) on Bitcoin-backed ETF applications from a number of major financial institutions, including global investment firm BlackRock. The lack of regulatory clarity has, he said, contributed to decreasing risk appetite among investors. After Bitcoin lost the key support level of US$26,000 on Sept. 1, US$25,300 could be the new “invisible hand” propping up the token’s price, said Markus Thielen, head of research & strategy at digital asset service platform Matrixport, in an emailed comment. Bitcoin fell to US$25,362.61 on Sept. 1, its lowest level since June 16. Thielen said he can see “significant” price volatility continuing as macroeconomic pressures, such as rising U.S. bond yields and dollar prices, amplify risk sentiment. Story continues Meanwhile, a U.S. regulatory body voted Wednesday in favor of a new accounting standard for crypto assets. The Financial Accounting Standards Board (FASB) will require crypto businesses to use “fair value” accounting from 2025. That means that, at least once a year, they will have to evaluate the current value of their crypto assets separately from other assets they hold. The move is considered a win for crypto businesses who view fair value accounting as a more accurate way to assess their financial health. Bitcoin rose to a high of US$25,953.02 in the immediate aftermath of the vote before falling back. Ether has lost 4.22% over the past seven days. It traded flat at US$1,632.60 for the past 24 hours, posting no gains despite news that Cathie Wood’s Ark Invest has filed for its first spot Ether ETF in the U.S. Spot Bitcoin ETF applications have boosted Bitcoin’s price in the past, but there was no such bounce for Ether as market enthusiasm for ETF applications wears off. “There’s been so much regulatory controversy about a Bitcoin spot ETF that I guess many people thought it was a step too far — but we don’t,” Wood told Bloomberg in a Thursday report . Ark Invest made the Ether ETF application in partnership with fellow asset manager 21Shares. Ophelia Snyder, co-founder of 21Shares, said in a comment posted to X that Ethereum markets are becoming more established. “If you look at the state of Ethereum markets today, especially around things like the futures products, you’re starting to get to a place where those markets are much more established.” – Ophelia Snyder, Co-founder & President of 21Shares on the spot ETH ETF filing. https://t.co/KCvaknXlvl — 21Shares (@21Shares) September 6, 2023 Other top 10 non-stablecoin cryptocurrencies traded mixed over the past 24 hours. Solana led the losers with a 3.28% drop over the past 24 hours to US$19.62, falling 6.04% for the week. Toncoin, the native token of the decentralized network TON (The Open Network), led the winners. It rose 2.67% to US$1.82 for a weekly gain of 5.81%. TON Foundation, the group behind TON, was officially registered as a non-profit organization in Switzerland on Wednesday. The total crypto market capitalization inched down 0.01% to US$1.04 trillion. Trading volume rose 7.97% to US$27.04 billion. US PMI beats expectations, raising rate hike concerns Image: Getty Images U.S. stock futures were trading lower as of 10:10 a.m. in Asia. All three major U.S. indexes closed lower on Wednesday, with the Nasdaq dipping 1.06%. All the main stock indexes across Asia logged losses. The drop in global equity markets followed Wednesday’s release of the U.S. services purchasing managers’ index (PMI) for August. The index rose from 52.7 in July to 54.5, beating analysts’ expectation of a drop to 52.5 . U.S. Federal Reserve Chair Jerome Powell said in July that the central bank will take a “data-dependent” approach when deciding how to reduce the country’s annual inflation bel Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $501,955,468,875 - Hash Rate: 393005453.9397736 - Transaction Count: 537939.0 - Unique Addresses: 785059.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Two wallets tagged as belonging to the U.S. government and linked to the Silk Road seizure of crypto have moved over $300 million worth of bitcoin (BTC) in three separate transactions on Wednesday morning, on-chain data shows. The price of bitcoin fell by 0.8% to $30,480 after the transaction was sent; it has since recovered to $30,660 as of press time. Bitcoin'sblock explorershows that the government-controlled wallets sent a total of 9,825 bitcoin ($301 million). The samewallet transferred over $1 billion in bitcoin in March, a move that caused a slump across all major cryptocurrencies. TheU.S. government previously sold 9,861 bitcoin for $216 million in March. The sale came after the government seized 50,000 bitcoin linked to the Silk Road marketplace in November.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Friday morning in Asia to trade above the resistance level of US$26,000, leading a rally across most top 10 non-stablecoin cryptocurrencies. The exceptions were Cardano and Toncoin, which both posted minor losses. Ether logged moderate gains but remained below US$1,650. U.S. financial services giant JPMorgan Chase & Co. is reportedly exploring a blockchain-based payment and settlement system, raising optimism for more institutional adoption of blockchain. U.S. stock futures traded mixed, after the S&P 500 and Nasdaq closed lower on Thursday. Stronger-than-expected jobs data has added to U.S. rate hike concerns.\nBitcoin rose 1.62% in the last 24 hours to US$26,179.43 as of 07:30 a.m. in Hong Kong, turning a weekly loss into a gain of 0.75%, according toCoinMarketCapdata. The world’s leading cryptocurrency had been trading between around US$25,500 and US$26,000 since Saturday. It reached an eight-day high of US$26,409.30 early Friday morning.\nJPMorgan, the largest bank in the U.S. by asset size, is “in the early stage” of developing a blockchain-based digital deposit token for cross-border payments and settlements. The bank has already laid out most of the underlying infrastructure, but will wait for approval from U.S. regulators before making the token itself, BloombergreportedFriday.\nDeposit tokens are transferable digital assets representing deposit claims against a commercial bank. Token transactions take place on blockchains, making deposits faster and cheaper than traditional methods.\n“It is another sign that large corporations continue to build their blockchain capabilities during this bear market,” Markus Thielen, head of research & strategy at digital asset service platform Matrixport, said in an emailed comment.\n“When it comes to crypto, some traditional players are holding back while others are making strides,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. PayPal’sannouncementthat it will launch a stablecoin has started a domino effect of institutional action in crypto, he said.\n“Once a large player kicks things off and competitors see that as a desirable/profitable set-up, it won’t be long until other players launch their own solution, if only to stay relevant in an ever-advancing space,” d’Anethan added.\nThe market is currently waiting on a decision from the U.S. Securities and Exchange Commission (SEC) regarding another U.S. financial giant — BlackRock. On June 15, the world’s top asset managerappliedfor approval to create a spot Bitcoin exchange-traded fund (ETF).\n“While most expect the SEC Blackrock decision to hit the market in October, the news of a potential ETF approval can also come any time,” Thielen said.\n“Once Bitcoin regains some momentum, the rally could have legs and bring prices back above US$30,000,” he added.\nElsewhere, Martin Gruenberg, chairman of the U.S. Federal Deposit Insurance Corporation (FDIC),saidon Thursday that despite the apparent good health of the U.S. economy, the country’s banking industry “continues to face significant downside risks from the effects of inflation, rising market interest rates, and geopolitical uncertainty.”\nBitcoin prices havehistoricallybenefited from uncertainties in the banking system, such as the crisis at Zurich-based lender Credit Suisse in March. The bank’s sudden collapsesentthe token’s price from below US$27,000 to over US$28,000 on March 19.\nEthereum gained 0.77% to US$1,644.68 over the past 24 hours and edged down 0.07% for the past seven days.\nMost other top 10 non-stablecoin cryptocurrencies logged small gains. Cardano’s ADA and the TON network’s Toncoin were the only tokens that posted losses, dipping 0.14% and 0.70% respectively. But both coins posted gains for the week at 1.07% for ADA and 3.68% for Toncoin.\nThe total crypto market capitalization gained 1.37% to US$1.05 trillion. Trading volume dropped 11.95% to US$23.81 billion.\nU.S. stock futures were trading mixed as of 09:40 a.m. in Asia. The three major U.S. indexes also closed mixed on Thursday, with the Nasdaq Composite posting a 0.89% loss. All the main Asian indexes were down Thursday morning, with Hong Kong’s Hang Seng leading the losses with a 1.34% drop.\nInitial jobless claims in the U.S.fellto 216,000 for the week ending Sept. 2, the lowest level since February. That was short of the 234,000forecastby experts in a Reuters poll.\nLast week’s August jobs data pointed to agradual softeningin the U.S. labor market. But Thursday’s jobless report shows “the labor market is still tight,” Nancy Vanden Houten, lead U.S. economist at Oxford Economics, toldBloomberg. She said the data could influence the U.S. Federal Reserve’s thinking on interest rates,\n“More moderation in job growth will be needed to keep rate hikes further down the road off the table,” Vanden Houten said.\nOn the other side, multiple Federal Reserve officialssaidon Thursday they thought the U.S. central bank should keep interest rates unchanged at its meeting on Sept. 20. In July, the Fed raised the rate to between 5.25% and 5.50% — the highest level in the past 22 years.\n“I’m not yet convinced that we’ve extinguished excess inflation. But in today’s complex economic environment, returning inflation to 2 percent will require a carefully calibrated approach—not endless buckets of cold water,” Lorie Logan, president of the Federal Reserve Bank of Dallassaidon Thursday.\nLogan said that another rate hike pause would be “appropriate” when the Fed meets again later this month.\nTheCME FedWatch Toolpredicts a 95% chance the central bank will maintain the current rate unchanged in September, up from 93% on Thursday. It gives a 57.4% chance for another pause in November.\nMeanwhile, multiple Chinese government agencies haveinstructedtheir staff not to bring iPhones to work amid tensions between Beijing and Washington. The government may alsoexpand restrictionsto state-owned enterprises and affiliated organizations.\nChina is one of Apple’s largest foreign markets. It accounted for nearlya fifthof the firm’s global revenue in 2022. Apple’s shares closed 2.92% lower on Thursday following the reports.\n“The Nasdaq is sinking as one bad Apple spoils a bunch of mega-cap tech stocks,” Edward Moya, senior market analyst at U.S.-headquartered foreign exchange corporation OANDA, toldFortuneon Friday.\n“Apple’s growth story is heavily reliant on China and if the Beijing crackdown intensifies that could pose a big problem to the bunch of other mega-cap tech companies that rely on China,” Moya said.\n(Updates with equity section.)', 'Bitcoin rose on Friday morning in Asia to trade above the resistance level of US$26,000, leading a rally across most top 10 non-stablecoin cryptocurrencies. The exceptions were Cardano and Toncoin, which both posted minor losses. Ether logged moderate gains but remained below US$1,650. U.S. financial services giant JPMorgan Chase & Co. is reportedly exploring a blockchain-based payment and settlement system, raising optimism for more institutional adoption of blockchain. U.S. stock futures traded mixed, after the S&P 500 and Nasdaq closed lower on Thursday. Stronger-than-expected jobs data has added to U.S. rate hike concerns.\nBitcoin rose 1.62% in the last 24 hours to US$26,179.43 as of 07:30 a.m. in Hong Kong, turning a weekly loss into a gain of 0.75%, according toCoinMarketCapdata. The world’s leading cryptocurrency had been trading between around US$25,500 and US$26,000 since Saturday. It reached an eight-day high of US$26,409.30 early Friday morning.\nJPMorgan, the largest bank in the U.S. by asset size, is “in the early stage” of developing a blockchain-based digital deposit token for cross-border payments and settlements. The bank has already laid out most of the underlying infrastructure, but will wait for approval from U.S. regulators before making the token itself, BloombergreportedFriday.\nDeposit tokens are transferable digital assets representing deposit claims against a commercial bank. Token transactions take place on blockchains, making deposits faster and cheaper than traditional methods.\n“It is another sign that large corporations continue to build their blockchain capabilities during this bear market,” Markus Thielen, head of research & strategy at digital asset service platform Matrixport, said in an emailed comment.\n“When it comes to crypto, some traditional players are holding back while others are making strides,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. PayPal’sannouncementthat it will launch a stablecoin has started a domino effect of institutional action in crypto, he said.\n“Once a large player kicks things off and competitors see that as a desirable/profitable set-up, it won’t be long until other players launch their own solution, if only to stay relevant in an ever-advancing space,” d’Anethan added.\nThe market is currently waiting on a decision from the U.S. Securities and Exchange Commission (SEC) regarding another U.S. financial giant — BlackRock. On June 15, the world’s top asset managerappliedfor approval to create a spot Bitcoin exchange-traded fund (ETF).\n“While most expect the SEC Blackrock decision to hit the market in October, the news of a potential ETF approval can also come any time,” Thielen said.\n“Once Bitcoin regains some momentum, the rally could have legs and bring prices back above US$30,000,” he added.\nElsewhere, Martin Gruenberg, chairman of the U.S. Federal Deposit Insurance Corporation (FDIC),saidon Thursday that despite the apparent good health of the U.S. economy, the country’s banking industry “continues to face significant downside risks from the effects of inflation, rising market interest rates, and geopolitical uncertainty.”\nBitcoin prices havehistoricallybenefited from uncertainties in the banking system, such as the crisis at Zurich-based lender Credit Suisse in Ma Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $503,553,153,125 - Hash Rate: 358011817.6300677 - Transaction Count: 414799.0 - Unique Addresses: 694292.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Australian actress Margot Robbie, star of the breakout summer blockbuster “Barbie,” called Bitcoin a "Ken thing," in a playful remark directed at her husband this week. It got me thinking: Barbie would have been a fan of Bitcoin. After all, Barbie's legacy of autonomy, entrepreneurship and empowerment aligns precisely with the principles of Bitcoin. Aubrey Strobel is the host of"The Aubservation"podcast. Barbie's story begins in 1959, a time when women faced significant social and legal barriers to financial independence. The Equal Credit Opportunity Act that granted women the right to open a bank account independently was still 15-years away. Despite this, Barbie became an icon and a symbol of feminine empowerment, a story that was expertly reimagined in director Greta Gerwig's latest film. Barbie is full of contradictions: she's materialistic yet a good role-model, hyper-feminine but stridently independent, literally plastic while also being so much more. She surmounted countless obstacles and prejudices while reinforcing others, but also, ultimately, showed that empowerment doesn't always follow a predetermined script. How did Barbie go from being essentially unbanked to a household name across the globe and model for empowerment? One of the most compelling aspects of Barbie's legacy is her representation as a businesswoman. Throughout the years, she has been a leader across industries and professions as an astronaut, doctor and computer engineer – breaking gender stereotypes and demonstrating anyone can achieve anything to which they set their minds. Perhaps most importantly, she set a powerful example for young girls and women to take control of their finances. Drawing parallels between Barbie's entrepreneurial journey and the principles of Bitcoin, we find a shared pursuit of financial independence and self-empowerment. Bitcoin, as a decentralized digital currency, enables individuals to manage their financial futures without relying on traditional financial institutions. Of course Barbie the trailblazer, the independent thinker, and go-getter would see the value in Bitcoin. See also:Aubrey Strobel – Yuga Labs' Embrace of Bitcoin NFTs Is a Big Deal\| Opinion Just as Barbie has challenged gender norms and pushed boundaries, Bitcoin can be a means for women to challenge the male-dominated financial landscape. Bitcoin allows female entrepreneurs to break into a fast-moving startup field and take charge, a legacy Barbie would be proud of. Perhaps Mattel should consider Barbie the cypherpunk or Barbie the crypto futurist next. Promoting the achievements of women within the fintech space is crucial in challenging the misconception that Bitcoin is exclusively for men. Recognizing and celebrating female pioneers, traders, developers and influencers within the community will foster a more inclusive environment. The spirit of Barbie's entrepreneurship aligns with the principles of Bitcoin. By showcasing her journey as a successful businesswoman, we can draw parallels between Barbie's empowerment and the opportunities Bitcoin offers. We should encourage more women, perhaps inspired by Barbie’s message, to also embrace Bitcoin. Bitcoin is a pathway for financial independence – a "Barbie thing."... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• Major indexes ended Friday higher but were down on the week as rate fears persisted.\n• Signs of a tight labor market renewed fears of further interest rate hikes this year.\n• Apple fell 5% during the week on fears of a widening crackdown in China on the use of iPhones.\nUS stocks closed mixed on Friday, with two of the major indexes ending the day nearly flat, though the market ended the week lower.\nThrough the week, the S&P 500 fell 1.26%, the Dow fell 0.53%, and the Nasdaq dropped 2.11%.\nThe last few days have reignited investor concerns over further interest rate hikes, as a Thursday report showed a still-tight labor market, with weekly jobless claims coming in at 216,000, lower than 230,000 expected by economists and the lowest reading since February.\nFears eased somewhat after New York Fed President John Williams described the economy as headed "in the right direction." According to theCME FedWatchTool, 43.5% of investors are expecting an interest rate hike in November.\nAmong individual names,Applewas especially notable this week, as China\'s iPhone ban for governmental officials sparked fear among shareholders of further restrictions. The tech giant\'s shares slid 5.1% this week.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500: 4,457.58, up 0.14%\n• Dow Jones Industrial Average: 34,577.28, up 0.22% (+76.55 points)\n• Nasdaq Composite:13,761.53, up 0.09%\nHere\'s what else is going on:\n• Federal Reserve economists are opening up to thepossibility of a goldilocks scenario.\n• A Wall Street analyst put out a note defending Nvidiaagainst a conspiracy theory making the rounds on Twitter.\n• The founder of failed crypto exchange Thodex was sentenced toover 11,000 years in prison.\n• Russia will sell China gas for half the pricethat European importers will have to pay.\n• Texas\' emergency-level heat wave causedpower prices to jump 20,000%on Wednesday.\nIn commodities, bonds, and crypto:\n• Oil prices rose.West Texas Intermediaterose 0.5% to $87.31 a barrel.Brent crude, the international benchmark, climbed 0.6% to $90.48 a barrel.\n• Goldedged slightly higher to $1,942.70 an ounce.\n• The10-year Treasury yieldinched down to 4.258%.\n• Bitcoinwas slightly higher at $25,881.\nRead the original article onBusiness Insider', 'U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC. Drew Angerer/Getty Images Major indexes ended Friday higher but were down on the week as rate fears persisted. Signs of a tight labor market renewed fears of further interest rate hikes this year. Apple fell 5% during the week on fears of a widening crackdown in China on the use of iPhones. US stocks closed mixed on Friday, with two of the major indexes ending the day nearly flat, though the market ended the week lower. Through the week, the S&P 500 fell 1.26%, the Dow fell 0.53%, and the Nasdaq dropped 2.11%. The last few days have reignited investor concerns over further interest rate hikes, as a Thursday report showed a still-tight labor market, with weekly jobless claims coming in at 216,000, lower than 230,000 expected by economists and the lowest reading since February. Fears eased somewhat after New York Fed President John Williams described the economy as headed "in the right direction." According to the CME FedWatch Tool, 43.5% of investors are expecting an interest rate hike in November. Among individual names, Apple was especially notable this week, as China\'s iPhone ban for governmental officials sparked fear among shareholders of further restrictions. The tech giant\'s shares slid 5.1% this week. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,457.58, up 0.14% Dow Jones Industrial Average : 34,577.28, up 0.22% (+76.55 points) Nasdaq Composite : 13,761.53, up 0.09% Here\'s what else is going on: Federal Reserve economists are opening up to the possibility of a goldilocks scenario . A Wall Street analyst put out a note defending Nvidia against a conspiracy theory making the rounds on Twitter. The founder of failed crypto exchange Thodex was sentenced to over 11,000 years in prison . Russia will sell China gas for half the price that European importers will have to pay. Texas\' emergency-level heat wave caused power prices to jump 20,000% on Wednesday. In commodities, bonds, and crypto: Oil prices rose. West Texas Intermediate rose 0.5% to $87.31 a barrel. Brent crude , the international benchmark, climbed 0.6% to $90.48 a barrel. Gold edged slightly higher to $1,942.70 an ounce. The 10-year Treasury yield inched down to 4.258%. Bitcoin was slightly higher at $25,881. Read the original article on Business Insider', "When longtime crypto firm Grayscalebeat the SECbefore the influential D.C. Circuit Court of Appeals last week, it was the industry’s most high-profile legal victory to date. The decision joins two other recent rulings that likely will pave the way for crypto to enter mainstream finance.\nThis should be a moment of celebration for Web3 enthusiasts—courts are clearing longstanding legal obstacles to blockchains adding billions of users—but this moment also could prove a crossroads in determining how those users come “on chain”—and whether that process will uphold the crypto community’s long-cherished value of decentralization and its benefits, or whether that ideal will be betrayed.\nLet’s take a look at the court rulings themselves, includingthe recent Grayscale case, which challenged the SEC’s longstanding refusal to grant a spot Bitcoin ETF. While the decision does not command the SEC to approve the ETF, it makes an eventual approval almost a foregone conclusion (though the SEC delaying its decisions on all spot bitcoin ETFs after the Grayscale decision means it will not be immediate). One reason for this is that traditional financial institutions with whom the SEC is likely more comfortable—such as the largest money manager in the world, Blackrock—are also keen to get into the bitcoin-spot-ETF game. As my colleague PeterFoxobserved, “[r]etail investors and institutions alike may be attached to bigger names,” and Grayscale might have unwittingly been doing Wall Street’s homework.\nWhile the SEC could find ways to keep fighting over spot bitcoin ETF listings, the agency may see a silver lining in admitting defeat here, as that would guarantee the SEC some piece of the regulatory pie. One could even see a world in which spot ETFs for crypto tokens other than BTC and ETH proliferated. While that may be a big win for the institutions issuing and managing those funds, a world in which retail traders primarily access these tokens through such funds—rather than holding, trading, and using them directly through user-controlled digital wallets—would be a huge waste of potential, stifling innovative business models the technology enables.\nThe recent order in the Ripple case in the Southern District of New York represents another big symbolic victory for the industry after the scandals and market funk of the last year. Iwroteabout this at greater length earlier with my colleagues, but, for present purposes, the important thing to note is the order does not establish a precedent (or win the case for Ripple). So the order’s knock-on effects are likely limited, and while it does supply the industry with ample ammunition in the form of legal arguments to bolster various use cases and business models, the order’s real impact could be as fleeting as Terra scammer Do Kwon’s15 minutes of fame.\nThen there is the Uniswap case. Although not an SEC-related decision action, and the least high-profile of the three cases examined here, therecent dismissalof a class-action against Uniswap is likely to prove influential in the long term. The case itself involved claims by putative “investors” that Uniswap,its CEO, and its biggest venture capital backers were liable for scammy tokens sold by unknown actors who were using the firm’s decentralized protocol.\nShowing a deft understanding of the function of the decentralized technology at issue, Judge Polk Failla of SDNY found, with respect to liability under the Exchange Act, that “third-party human intervention caused the harm, not the underlying platform.” Developers writing smart contracts are not entering into a legal contract with any user of such smart contract, she wrote, and so “it defies logic that a drafter of computer code underlying a particular software platform could be liable” for another person’s misuse of the platform.\nThat decision lets us observe a court that understands the technology, the gaps in the law, and the various arguments about how and why particular rules from the federal securities laws should—or should not—apply. The court also concedes that the state of industry regulation is in flux, but the best ammunition for the industry is language supporting the proposition that writing code underlying a smart contract does not a financial institution make. Not holding people liable for what bad actors do with their publicly published computer code is a good result.\nThis important victory may prove only pyrrhic, though, if important legal issues (e.g. token security status) are not resolved in a more comprehensive and systemic fashion. Disputes settled in court seldom make the best policy. And while Wall Street can bring liquidity, know-how, and legitimacy to crypto, entrepreneurs must be allowed to experiment with business models unlocked by the technology.\nOtherwise, this mainstream moment will be a missed opportunity. Rather than a billion users holding and trading NFTs, yield farming through DeFi, and storing files on decentralized protocols like Filecoin, mainstream crypto could mean Wall Street offering financial products that integrate crypto, relegating blockchains to the backend. Rather than decentralized protoco Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $504,566,373,075 - Hash Rate: 406464544.828122 - Transaction Count: 597409.0 - Unique Addresses: 927787.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Michael M. Santiago/Getty Images US stocks rose Thursday even as the 10-year Treasury yield hits the highest since 2008. The benchmark rate reached 4.30% after hawkish comments from the Fed. Dow Jones Industrial Average components Walmart and Cisco beat earnings views. US stocks opened higher Thursday amid positive earnings reports, while the 10-year Treasury yield hit the highest level since 2008. Dow Jones Industrial Average components Walmart and Cisco rallied after reporting strong quarterly earnings. Meanwhile, the 10-year yield reached 4.30% before easing back a bit. On Wednesday, minutes from the Federal Reserve's meeting last month revealed that policymakers remained concerned about inflation and were open to further rate hikes. The Labor Department also reported early Thursday that jobless claims fell to 239,000 last week from 248,000 in the prior week, largely matching forecasts for 240,000. The Philadelphia Fed's manufacturing index improved to 12.0 in August from -13.5 in July, topping estimates for -10.2. Here's where US indexes stood after the 9:30 a.m. opening bell on Thursday: S&P 500 : 4,419.66, up 0.38% Dow Jones Industrial Average : 34,851.37, up 0.25% (85.63 points) Nasdaq Composite : 13,525.47, up 0.38% Here's what else is going on today: Stocks will charge higher as economic fears fade and bears give up, Bill Miller said. Ken Griffin's Citadel is having another good year as its flagship fund surges 9%. US real yields surge to 2009 highs , recalling post-Lehman carnage. Load up on bonds for their juicy yields before the stock-market rally loses steam, said Morgan Stanley. In commodities, bonds, and crypto: Oil prices were lower. West Texas Intermediate crude oil climbed 1.1% to $80.26 a barrel. Brent , the international benchmark, rallied 1% to $84.29 a barrel. Gold edged up 0.08% to $1,930 per ounce. The yield on the 10-year Treasury rose 4 basis points to 4.298%. Bitcoin dipped 2.1% to $28,486. Read the original article on Business Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Taking place at the Shilla Hotel in central Seoul, the sixth annual Korea Blockchain Week’s main two-day conference, Impact, hosted 263 different blockchain companies, attracting over 6,000 participants eager to learn about the industry’s ups and downs in a year dominated by bear market sentiment. Much of the 85 panel discussions focused on differences in the regulatory environments of the U.S. — traditionally the largest single crypto market and source of much of the industry’s funding — and Asia, where various jurisdictions including South Korea and Japan are creating a more crypto-friendly environment for developers and investors alike. Caroline Pham, a commissioner at U.S. regulator the Commodity Futures Trading Commission (CFTC), said during her fireside chat at KBW that she sees a unified approach between policymakers, regulators and the private sector in Asia that encourages innovation. “I think it’s funny that in the United States we have been so used to some of the tremendous successes that we’ve had in the tech sector that we take it for granted,” Pham said. “It’s like everything (in Asia) is 10 years ahead of where we are in the U.S.” That is less related to technical skill or knowledge, she said, but “because there’s an openness to technology and to changing things.” US scrutiny Another U.S. regulator, the Securities and Exchange Commission (SEC ), has stepped up scrutiny of the crypto industry this year based on the claim that most cryptocurrencies other than Bitcoin are securities. This logic has guided the agency’s lawsuits against a number of digital asset firms including software developer Ripple Labs , cryptocurrency exchange Coinbase Global and Paxos Trust, the issuer of the Binance USD (BUSD) stablecoin. Most of the SEC’s lawsuits are yet to be settled as the cryptos-as-securities claim is disputed by the companies involved. In July, the U.S. court ruled that programmatic sales of Ripple’s XRP token do not qualify as securities offerings. The SEC filed an appeal against the ruling the following month, which Ripple then asked the court to deny. Such delays in establishing crypto rules may hinder industry growth, former White House cybersecurity director Carole House said during a talk about the regulatory landscapes of the U.S. and Asia. House warned that “overly harsh” regulation of the crypto industry could stifle blockchain innovation in the U.S. In contrast, Konstantin Richter, the CEO and founder of California-based blockchain infrastructure company Blockdaemon, said regulatory scrutiny in the U.S. is a long-term positive for the industry, despite current difficulties. Story continues “Ultimately, all the legal travails that we have here are going to lead to clarity, which is really all we want,” Richter said in a video interview prior to the event. Eastward movement While opinions varied on U.S. crypto regulation, most conference participants agreed that the Asia region is taking significant regulatory strides. “I really do think that the Asia-Pacific has been a powerhouse driver,” House said, highlighting that Japan’s regulatory framework has contributed to the global standard for anti-money laundering in crypto. Sam Seo, the representative director of Klaytn Foundation, the public blockchain platform from the leading South Korean mobile platform Kakao, said he foresees a wave of companies moving to Asia to take advantage of the favorable conditions. Gemini, the cryptocurrency exchange founded by the Winklevoss brothers, announced in June that it is growing its headcount in Singapore to operate as a hub for expansion in the Asia-Pacific. Seo cited Klaytn’s new partnership with Luxembourg-based asset tokenization platform Tokeny as another example. Sam Seo, Representative Director at Klaytn Foundation. Image: Forkast “[Tokeny has] been operating their business for quite a long time, but they were mostly focused in the U.S. market or the Europe market. They are now looking at the Asia market,” said Seo, adding that he believes this is the “beginning of a bigger trend.” Dominic Jang, head of business development at Singapore-based blockchain game platform Oasys, said industry movement eastward to Asia is particularly apparent in the Web3 gaming sector. “We’re seeing more and more U.S. companies doing blockchain gaming seeking [the Asian market],” Jang said, adding that Asian audiences provide a growth market missing in the U.S. due to unfavorable regulations. Regulatory clarity Ryo Matsubara, a Japanese national and director of Oasys, said that regulatory clarity plays a big role in attracting business to Asia, citing the regulatory situation in Japan as an example. He said that after the high profile hacks of the Mt.Gox and Coincheck crypto exchanges in 2014 and 2018 respectively, Japanese regulators established a strict set of criteria for cryptocurrencies. “Under Japanese rules, crypto is crypto, not a security,” Matusbara said. “So making the [clear] definition of crypto is very important.” kbw In the case of South Korea, the country’s top financial regulator, the Financial Services Commission, announced a bill in July to amend securities regulations in a way that accommodates security token offerings, or STOs. While the bill has not yet received approval by legislators, major financial institutions are already looking to expand into the digital asset industry. On Aug. 30, South Korea’s financial leaders Woori Bank, Samsung Securities and SK Securities formed an alliance for cooperation on developing security tokens. Hong Kong also successfully rolled out its own crypto licensing regime earlier this year, positioning itself as a digital asset regulatory sandbox for China. In Southeast Asia, Singapore and Thailand ramped up crypto user protection regulations in July. Singapore now mandates that crypto firms must hold customer assets in third-party trusts, while Thai authorities introduced bans on crypto lending and staking services. Despite the tightening of restrictions, the new rules are seen as necessary for industry growth in the two countries. Move over, USA? While SEC boss Gary Gensler’s term ends in June 2026, he has been on the end of calls to resign from U.S. crypto advocates who consider him hostile to the industry. #FireGaryGensler was trending on X, formerly Twitter, on Aug. 30 after a U.S. district court ruled against the SEC’s denial of Grayscale Investment’s Bitcoin exchange-traded fund proposal on the grounds it was “arbitrary.” “His voice is quite the opposite to that of Web3 and crypto projects,” Seo said, adding that Gensler’s words have “a big impact” on the industry and its perception among the public. Asia’s chance of challenging the U.S. to become the center of the crypto world therefore “depends on who will be the successor” to Gensler at the SEC, Seo said. If the current period of regulatory scrutiny continues much longer, he added, it could drive the nation’s talent to look for friendlier locations in Asia or Europe. The Klaytn director concluded by saying that blockchain innovation is key to Asia’s success. While U.S. financial markets are strong, he said, Asia is far more populous and can take the reins as the world’s leader in Web3 — if it finds the right ways to put blockchain tech to use. View comments', 'Taking place at the Shilla Hotel in central Seoul, the sixth annual Korea Blockchain Week’s main two-day conference, Impact, hosted 263 different blockchain companies, attracting over 6,000 participants eager to learn about the industry’s ups and downs in a year dominated by bear market sentiment. Much of the 85 panel discussions focused on differences in the regulatory environments of the U.S. — traditionally the largest single crypto market and source of much of the industry’s funding — and Asia, where various jurisdictions including South Korea and Japan are creating a more crypto-friendly environment for developers and investors alike. Caroline Pham, a commissioner at U.S. regulator the Commodity Futures Trading Commission (CFTC), said during her fireside chat at KBW that she sees a unified approach between policymakers, regulators and the private sector in Asia that encourages innovation. “I think it’s funny that in the United States we have been so used to some of the tremendous successes that we’ve had in the tech sector that we take it for granted,” Pham said. “It’s like everything (in Asia) is 10 years ahead of where we are in the U.S.” That is less related to technical skill or knowledge, she said, but “because there’s an openness to technology and to changing things.” US scrutiny Another U.S. regulator, the Securities and Exchange Commission (SEC ), has stepped up scrutiny of the crypto industry this year based on the claim that most cryptocurrencies other than Bitcoin are securities. This logic has guided the agency’s lawsuits against a number of digital asset firms including software developer Ripple Labs , cryptocurrency exchange Coinbase Global and Paxos Trust, the issuer of the Binance USD (BUSD) stablecoin. Most of the SEC’s lawsuits are yet to be settled as the cryptos-as-securities claim is disputed by the companies involved. In July, the U.S. court ruled that programmatic sales of Ripple’s XRP token do not qualify as securities offerings. The SEC filed an appeal against the ruling the following month, which Ripple then asked the court to deny. Such delays in establishing crypto rules may hinder industry growth, former White House cybersecurity director Carole House said during a talk about the regulatory landscapes of the U.S. and Asia. House warned that “overly harsh” regulation of the crypto industry could stifle blockchain innovation in the U.S. In contrast, Konstantin Richter, the CEO and founder of California-based blockchain infrastructure company Blockdaemon, said regulatory scrutiny in the U.S. is a long-term positive for the industry, despite current difficulties. Story continues “Ultimately, all the legal travails that w Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $503,378,279,662 - Hash Rate: 395697272.1174433 - Transaction Count: 558395.0 - Unique Addresses: 847065.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: 36Kr Holdings Inc. (NASDAQ: KRKR ) Q2 2023 Earnings Call Transcript August 31, 2023 Operator: Hello, ladies and gentlemen, thank you for standing by for 36Kr Holdings Inc.'s Second Quarter 2023 Earnings Conference Call. [Operator Instructions] After management's remarks, there will be a question-and-answer session. Today's conference is being recorded. I will now turn the call over to your host, Jainan [ph], IR Manager of the company. Please go ahead, Jainan [ph]. Unidentified Company Representative: Thank you very much. Hello everyone and welcome to 36Kr Holdings second quarter 2023 earnings conference call. The company's financial and operational results were released earlier today and have been made available online. You can also view the earnings press release by visiting the IR section of our website at ir.36kr.com. Participants on today's call will include our Co-Chairman and CEO, Mr. Dagang Feng; and our Chief Financial Officer, Ms. Lin Wei. Mr. Feng will start the call by providing an overview of the company and performance highlights of the quarter in Chinese, followed by an English interpretation. Ms. Wei will then provide details on the company's financial results before opening the call for your questions. Before we continue, please note that today's discussion will contain forward-looking statements made under the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's results may be materially different from the views expressed today. Further information regarding this and other risks and uncertainties is included in the company's prospectus and other public filings as filed with the U.S. SEC. The company does not assume any obligation to update any forward-looking statements except as required under applicable law. Please note that 36Kr's earnings press release and this conference call include discussions of unaudited GAAP financial measures as well as unaudited non-GAAP financial measures. Story continues 36Kr's earnings press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited GAAP measures. And please note that all amount numbers are in RMB. I will now turn the call over to our Co-Chairman and CEO, Mr. Dagang Feng. Pal, please go ahead. Dagang Feng: Thank you. Hello, everyone. Thank you for joining our second quarter 2023 earnings conference call. We are glad to note that our primary business segments continue to develop with steady growth in the second quarter of 2023. Our total revenue increased by 3% year-over-year, with revenue from our enterprise value-added services up 17% year-over-year and revenue from our subscription services up 11% year-over-year. Notably, our gross margin rebounded strongly to 55%. We also made great strides in both 2B and 2C businesses as we continue to enhance our high-quality multidimensional content matrix and deeply form [ph] AI empowerment and applications in diverse scenarios across our business segments, we embarked on the new development stage of diversified growth. First off, content, we particularly explore new growth areas for our content ecosystem during the COVID and made great advancements on multiple fronts, including greater industry coverage, content asset accumulation, high-quality customer engagement and our broadening multichannel distribution network. Furthermore, the number of our blockbuster articles kept rising in the second quarter. We had 160 articles [ph] with pageviews exceeding 100,000, fully showcasing 36Kr's leading insights and industry influence. Our consistent creation of high-quality content enabled us to meaningfully expand our user base and enhance long-term user loyalty. As of the end of the second quarter, we had more than 30 million followers, up 21% year-over-year, achieving 9 consecutive quarters of growth. The vertical media we launched, including Waves and the Emergency of Intelligence, achieved continuous impressive outcomes, allowing users to gain deeper insights into booming sectors and equally important, further cementing our leadership in the New Economy sector. We also further solidified our content advantage in our 2C business during the quarter by optimizing the content of Super Review, a product test review program and Youth White Paper, a survey report column, we attracted a broader audience through more appealing content offerings on everyday life. We also enriched our media format through the launch of a live broadcast entitled [indiscernible]. We have also been actively working on audio offerings to bring more listeners more up-to-the-minute business intelligence as well as fun ideas and topics to enjoy each day. I also want to highlight our short video business to an integrated approach to branding, New Economy content and content monetization. We have accelerated optimization of our short video content matrix, transforming it into a new growth region for advertising and marketing. Some of the short videos were created on trending topics were streamed over 1 million times, including Coffee Home [ph], Why Buy When You Can Rent and Elon Musk's Plan on Earth, thanks to their diverse ideas and fresh perspectives that kept our users engaged. As of the end of the second quarter, we had over 8.3 million short video followers, up 42% year-over-year, among which more than 2 million were Bilibili users. We have indeed become a leader among all platform-based official accounts and we stand ready to seize more opportunities for commercialization of cooperation. We also successfully wrapped up the first season of our first long video show Foreseeing 2033 which will soon return for a second season and attracted immerse audience attention, bringing us additional commercialization opportunities with leading companies. As we diversify and strengthening our content landscape with innovative things and formats, we also developed our short video lineup on a wide variety of platforms, including Bilibili, Douyin, Kuaishou, Xiaohongshu, Xigua and WeChat Video Account, partnering diverse groups of users with precise marketing. These initiatives made our content more engaging and empowered more effective, more powerful communication with users. Recently, we entered into a strategic cooperation with Beijing Radio and Television Station to promote the full life cycle synergetic development of long videos from project planning and content production all the way to distribution, promotion and IP commercialization. We also explore more AIGC use big cases for our business during the quarter. Through content production, product innovation, we have been actively integrating pioneering AI technology into our day-to-day operations, including copywriting translation, keyword matching, image generation and intelligent customer service among other functions. In our AI e-commerce store, our first live-streaming sales session hosted by digital humans was a big hit with 160,000 views and a impressive daily GMV exceeding RMB10,000. It was included in Taobao's list of super-sorted [ph] emerging shopping stores. During the 618 e-commerce shopping festival, we were featured on China Central Television and the program was broadcast on multiple channels, including CCTV.com as well as the CCTV App. Our AI marketing success story was again highly recognized by the China Content Marketing Award, a testament to our leadership in AI innovation and applications. On a related note, we recently entered into a strategic cooperation with Baidu, joining hands in broadening AI application across our media platforms, enterprise services and training, driving commercialization and innovation as we empower mutual growth. Our teams are working closely on a diversified AI-powered landscape, including content production and application marketplace showcasing applications powered by large language model, LLM functions, LLM solutions and training programs on AI applications. In summary, as we persistently advance and empower our content ecosystem with AI technology, we propelled our business steady growth, laying a solid foundation for continuous performance improvement. Next, I'd like to review our commercialization progress during the second quarter. In the second quarter of 2023, our total revenue increased by 3% year-over-year to RMB84.36 million. Notably, our advertising revenue reached RMB57 million, basically on par with the same period last year. Our advertising ARPU increased to RMB310,000, up 14% year-over-year. 36Kr provides customers with differentiated content offerings and creative services tailored to the features of each and every brand. Our one-stop marketing solution centered on branding and efficacy provide customers with precise effective marketing promotions, targeting diverse customer groups. In the second quarter, to actively address the need of our customers, we deepened the cooperation with global giants such as Alibaba, JD.com and Huawei and added new accounts to broadening our industry reach. We also signed the Givenchy, our first luxury brand and designed an innovative, engaging flash and content to them. Furthermore, we created diverse promotional content for [indiscernible] household applicants in the form of graphics, texts, videos as well as test reviews and promoted them across numerous online channels through our new media matrix. Our multidimensional targeted approach helped effectively reach their target users, winning us race from the time. Next, our short video business which delivered another quarter of stellar results. In the second quarter of 2023 as Tencent's advertising business partner, we were invited to Cannes and offer extensive onsite coverage at the Cannes Lions International Festival of Creativity. Meanwhile, we released a short-form TV commercial with [indiscernible] tell its low carbon story showcasing strong ESG commitment. Regarding the auto content matrix we launch... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below the resistance level of US$26,000. Ether also fell to near the US$16,000 mark after a hack on the X account of Ethereum founder Vitalik Buterin. Other top 10 non-stablecoin cryptocurrencies logged losses. Solana’s SOL led the losers with a 24-hour slide of over 6%. Bankrupt crypto exchange FTX could soon get the greenlight to liquidate its US$3.4 billion in crypto holdings, adding to selling pressure in the market. U.S. stock futures traded higher after Wall Street logged weekly losses Friday. Investors now look ahead to the release of more U.S. inflation data later in the week for clues on upcoming interest rate policy.\nBitcoin dipped 0.25% in the last 24 hours to US$25,831.97 as of 07:50 a.m. in Hong Kong. It lost 0.53% for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency briefly traded above US$26,000 last Friday. But it soon lost that support level and remained range bound over the weekend at around US$25,900.\nEther, the Ethereum blockchain’s native token, fell 1.12% to US$1,616.79, and dropped 1.18% over the past seven days.\nEthereum founder Vitalik Buterin’s account on X, formerly Twitter, was hacked Sunday, leading tolossestotalling around US$691,000 for some of Buterin’s followers, according to blockchain investigator ZachXBT. Hackers posted links to a scam non-fungible token (NFT) project on Buterin’s Twitter page, advising users to connect their crypto wallets before withdrawing the funds.\nButerin’s father confirmed in atweetSunday that his son had been hacked and was restoring his X account. The alleged scam post has now been removed from the account. Buterin himself is yet to comment on the hack.\nAll other top 10 non-stablecoin cryptocurrencies posted losses in the past 24 hours. Solana led the losers, falling 6.17% to US$18.25 for a weekly loss of 6.80%.\nOn Sunday, a Wall Street Journalreportpredicted a September pause in the U.S. Federal Reserve’s interest rate hiking cycle. The report “probably had many investors re-thinking their valuations — not just for crypto but for risk assets in general,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nThe market is also facing downward pressure from the latest FTX news. The collapsed cryptocurrency exchange is likely to receive approval on Sept.13 to start liquidating its crypto holdings, according to a tweet Saturday from blockchain analysts Whale Alert.\nAfterfiling for bankruptcyin November 2022, the exchange still holds anestimatedUS$3.4 billion worth of crypto assets. Part of the bankruptcyplanset up for the firm allows for the sale of up to US$100 million in crypto assets per week, which can be extended to US$200 million under certain circumstances.\nCrypto analysts suggest the news could weigh on the market after gains earlier in the summer. Blockchain research firm IntoTheBlocktweetedSunday that “despite positive news aboutVisaand a potentialspot ETH ETF, FTX’s impending US$3 billion liquidation could be dictating market movement.”\nThe selling pressure from FTX will cause altcoins to underperform Bitcoin throughout the remainder of the year, Markus Thielen, head of research & strategy at digital asset service platform Matrixport, said in a SundayLinkedIn post.\nThe potential selling of FTX’s crypto holdings could hit Solana particularly hard, according to Rachael Lucas, crypto technical analyst at Australia-based crypto exchange BTC Markets. The token “forms a substantial portion of these assets, with an estimated value of approximately $685 million. This impending event has heightened the sense of uncertainty among SOL investors.”\nMeanwhile, Bitcoin is on the verge of a “death cross” — where the token’s short-term, 50-day Simple Moving Average (SMA) moves below its long-term, 200-day SMA. That could signal a coming slide in Bitcoin prices, Lucas said.\nAs of 09:50 a.m. in Hong Kong, Bitcoin’s 50-day SMA sat at US$27,658.19, with a 200-day SMA of US$27,608.57. Following the previous Bitcoin death cross on Jan.14, 2022, the token’s price dropped over 10% within seven days.\n“The looming question that occupies the minds of market participants pertains to whether Bitcoin will chart a similar course in response to this bearish technical pattern or has the market already priced in this event?” Lucas said.\n“This uncertainty is exacerbated by the forthcoming release of U.S. inflation figures, with technical indicators currently signalling the potential for further downside,” she added.\nThe total crypto market capitalization dropped 0.74% in the past 24 hours to US$1.04 trillion. Trading volume rose 50.61% to US$20.25 billion.\nU.S. stock futures edged up as of 11:00 a.m. in Hong Kong. All three major U.S. indexes closed moderately higher on Friday but logged weekly losses. The Dow Jones Industrial Average led the winners on Friday with a 0.22% uptick, but ended the week 0.86% lower.\nThe main stock indexes in Asia were mixed on Monday morning. China’s Shanghai Composite and South Korea’s Kospi moved higher. Hong Kong’s Hang Seng dropped 1.38% while Japan’s Nikkei 225 also posted a 0.19% loss.\nThe U.S. consumer price index (CPI) for August will be released on Wednesday. Analystsexpectthe inflation gauge to rise 3.8% year-on-year, up from 3.2% in July, according to the Federal Reserve Bank of Cleveland last Friday.\nA recent rise inoil pricesand stronger-than-expectedgrowthin U.S. services recorded last week have fueled inflation concerns in the U.S.,Reutersreported Saturday.\n“My expectation is that the CPI print could come in higher than expected (with) the price of oil pushing higher,” Phil Blancato, chief executive officer of U.S.-based investment advisory firm Ladenburg Thalmann Asset Management, said in the report.\n“We have a problem where ultimately the Fed may be pushed into a corner, and while they might take a pause because of the lag effect, I don’t think they’re done,” said Blancato.\nThe CPI prediction of 3.8% is still higher than the Federal Reserve’s long-term goal of reducing the annual inflation rate below 2%. The Fed raised the interest rate in July to between 5.25% and 5.50%, the highest level since early 2001.\nThe U.S. CPI data on Wednesday is unlikely to affect Fed thinking ahead of its September meeting, Mohamed A. El-Erian, an adviser to Germany-based financial services firm Allianz, tweeted on Monday. But it could influence future rate decisions, beginning November, he said.\nTheCME FedWatch Toolpredicts a 93% chance the central bank will maintain the current rate unchanged in September. It gives a 53.5% chance for another pause in November, down from 57.4% last Friday.\nMeanwhile, China’s CPI index posted a slim annual increase of 0.1% in August. The increase haseaseddeflationary pressure on Beijing slightly\n“Many data we’re seeing now shows that the economy’s slump may be slowing in the coming months,” Raymond Yeung, chief economist for Greater China at Australia & New Zealand Banking Group Ltd., toldBloomberg. Yeung also noted a slowdown in China’sexportslump in August. But he said the slowdowns should not be read as a sign of long-term recovery just yet.\n“It will be more of a stabilization instead of a complete rebound,” Yeung said.\n(Updates with equity section.)', 'There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below the resistance level of US$26,000. Ether also fell to near the US$16,000 mark after a hack on the X account of Ethereum founder Vitalik Buterin. Other top 10 non-stablecoin cryptocurrencies logged losses. Solana’s SOL led the losers with a 24-hour slide of over 6%. Bankrupt crypto exchange FTX could soon get the greenlight to liquidate its US$3.4 billion in crypto holdings, adding to selling pressure in the market. U.S. stock futures traded higher after Wall Street logged weekly losses Friday. Investors now look ahead to the release of more U.S. inflation data later in the week for clues on upcoming interest rate policy.\nBitcoin dipped 0.25% in the last 24 hours to US$25,831.97 as of 07:50 a.m. in Hong Kong. It lost 0.53% for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency briefly traded above US$26,000 last Friday. But it soon lost that support level and remained range bound over the weekend at around US$25,900.\nEther, the Ethereum blockchain’s native token, fell 1.12% to US$1,616.79, and dropped 1.18% over the past seven days.\nEthereum founder Vitalik Buterin’s account on X, formerly Twitter, was hacked Sunday, leading tolossestotalling around US$691,000 for some of Buterin’s followers, according to blockchain investigator ZachXBT. Hackers posted links to a scam non-fungible token (NFT) project on Buterin’s Twitter page, advising users to connect their crypto wallets before withdrawing the funds.\nButerin’s father confirmed in atweetSunday that his son had been hacked and was restoring his X account. The alleged scam post has now been removed from the account. Buterin himself is yet to comment on the hack.\nAll other top 10 non-stablecoin cryptocurrencies posted losses in the past 24 hours. Solana led the losers, falling 6.17% to US$18.25 for a weekly loss of 6.80%.\nOn Sunday, a Wall Street Journalreportpredicted a September pause in the U.S. Federal Reserve’s interest rate hiking cycle. The report “probably had many investors re-thinking their valuations — not just for crypto but for risk assets in general,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nThe market is also facing downward pressure from the latest FTX news. The collapsed cryptocurrency exchange is likely to receive approval on Sept.13 to start liquidating its crypto holdings, according to a tweet Saturday from blockchain analysts Whale Alert.\nAfterfiling for bankruptcyin November 2022, the exchange still holds anesti Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $504,547,425,800 - Hash Rate: 427999090.2494795 - Transaction Count: 459132.0 - Unique Addresses: 719793.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: AI tokens, such as fetch.ai, gained on Thursday. Photo: Getty (Dennis Diatel) AI-related tokens gained after Nvidia ( NVDA ) posted earnings that topped estimations on Wednesday. After the chip-maker's second quarter report artificial intelligence tokens, such as Fetch.ai ( FET-USD ), The Graph ( GRT6719-USD ), Injective ( INJ-USD ), Render ( RNDR-USD ) and SingularityNET ( AGIX-USD ) all gained. The price action suggests investors see potential in the intersection between crypto and AI. Read more: Crypto live prices Nvidia shares climbed over 6% in extended trading on Wednesday after the chipmaker beat already high expectations with revenue of $13.51bn (£10.64bn), a 101% jump from last year. AI tokens are cryptocurrencies associated with blockchain-based AI projects. For example, Fetch.ai is dedicated to building infrastructure for smart, autonomous services, or "AI-agents" in supply chain, finance and travel. SingularityNET is a decentralised, blockchain-based platform aimed at creating a marketplace for various types of artificial intelligence services. Stock markets and crypto gain ground Global stocks rallied after Nvidia's results, suggesting the market could be contemplating a sustained generative AI boom. In Europe, the Stoxx 600 ( ^STOXX ) increased by 0.7% in early morning trading. The UK's FTSE 100 ( ^FTSE ) also rose by 0.47%. France's CAC 40 ( ^FCHI ) gained 0.94%, while Spain's IBEX 35 ( ^IBEX ) climbed 0.8%, and Germany's DAX ( ^GDAXI ) saw a 0.85% increase. Read more: LIVE: FTSE and European markets follow Asia higher as Nvidia earnings bolster sentiment The gains in traditional markets were mirrored by moves higher in the cryptocurrency sector. Bitcoin ( BTC-USD ) increased 3% to surpass $26,600, marking its weekly high, before falling back to $26,433, according to CoinGecko . Ether ( ETH-USD ) increased by 3.5%, nearing the $1,700 mark. Solana ( SOL-USD ) increased over 4% after Shopify ( SHOP ) integrated Solana Pay for USDC payments. NEAR ( NEAR-USD ) token gained after Nexo added the Near Protocol to its platform, and altcoin ADA ( ADA-USD ) posted over 3% in daily gains. Story continues Watch: Could China shut-down the Bitcoin network? \| The Crypto Mile Download the Yahoo Finance app, available for Apple and Android .... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level for the first time in the past almost three months. Ether also slid to lose control of the US$1,600 support level. All other top 10 non-stablecoin cryptocurrencies also booked losses, with XRP leading the losers with a 24-hour drop of more than 5%. The drop came ahead of a potential FTX liquidation that could see the collapsed crypto exchange sell its US$3.4 billion worth of crypto assets by the end of the year. U.S. stock futures edged lower, after Wall Street logged daily gains on Monday, as investors await key U.S. inflation data this week.\nBitcoin dropped 2.72% in the last 24 hours to US$25,115.32 as of 07:30 a.m. in Hong Kong, down 2.57% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency dipped to its lowest price since June 15, touching US$24,930.30 on Tuesday morning.\nEther saw a bigger loss, dropping 4.31% to US$1,547.18 and lost 4.79% in past week, reaching US$1,533.43 on Tuesday, its lowest in six months.\nAll other top 10 non-stablecoin cryptocurrencies posted losses in the past 24 hours. XRP led the losers, falling 5.17% to US$0.4727 for a weekly loss of 6.92%.\n“The continued decline in altcoin values seems to be linked to the looming approval of FTX’s asset liquidation, a move that could impact the market values of many top cryptocurrencies including XRP, which FTX holds a substantial amount,” said John Stefanidis, chief executive officer of blockchain infrastructure foundation Balthazar DAO.\nFTX crypto exchange, which went intobankruptcyin November 2022, is likely to receive court approval on Wednesday to liquidate an estimated crypto holding of US$3.4 billion. The firmproposedto sell up to US$100 million in crypto assets per week, which could be extended to US$200 million.\nThe incoming FTX liquidation indicates the crypto market could “see another US$3.4 billion in crypto-to-fiat off-ramping — a potential liquidity gap that might be hard to fill in the absence of Signature Bank, Silicon Valley Bank, and Silvergate Bank, which were responsible for at least, 50% of all the fiat-to-crypto on-ramping during the last few years,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, said in an emailed report.\nThe event could hit altcoins extra hard, said Thielen, due to “unfavourable tokenomics that compel early investors in projects (founders, Venture Capital investors, etc.) to make prudent financial and survival decisions, and liquidate positions.”\nMeanwhile, digital asset investment products saw an outflow of US$59 million in the week ending Sept. 8, marking the fourth consecutive month in a run of outflows that totaled US$294 million, according to a Monday report by European alternative asset managerCoinShares.\nCoinshares also highlighted net inflows in short investment products, suggesting “sentiment remains poor for the asset class,” and attributed the grim mood to “continued worries over regulation of the asset class and recent dollar strength.”\nThe total crypto market capitalization dropped 2.88% in the past 24 hours to US$1.01 trillion as trading volume surged 60.28% to US$32.35 billion.\nU.S. stock futures edged lower as of 09:10 a.m. in Hong Kong. All three major U.S. indexes logged gains in regular trading Monday, with Nasdaq leading with a 1.14% increase.\nThe main stock indexes in Asia were mixed as of 09:30 a.m. in Hong Kong. China’s Shanghai Composite, Hong Kong’s Hang Sheng and South Korea’s Kospi moved lower, while Japan’s Nikkei 225 edged up.\nTesla spearheaded the stock market rally on Monday after Morgan Stanleyupgradedthe electric car maker’s stock from “equal-weight” to “overweight”, saying the firm’s Dojo supercomputer could add over US$500 billion to its market value. Tesla’s share price surged over 10% on Monday, followed by other technology giants including Amazon (+3.52%) and Microsoft (1.10%).\nOn the inflation front, the U.S. consumer price index (CPI) for August will be released on Wednesday. Federal Reserve Bank of Clevelandexpectsthe inflation gauge to rise 3.8% year-on-year, up from 3.2% in July.\nThe inflation gauge will provide further insights into the Federal Reserve’s future monetary policies, which aims to curb the annual inflation rate below 2% and in July raised the interest rates to the range between 5.25% and 5.50% — the highest level in the past 22 years.\n“This week is more likely to be a ‘good news is good, bad news is bad’ story,” Chris Larkin, managing director of trading and investing at ETrade from Morgan Stanley, toldBloombergon Tuesay. “The market’s ability to rebound in the near term could hinge on this week’s inflation numbers, especially Wednesday’s CPI.”\nTheCME FedWatch Toolpredicts a 93% chance the central bank will maintain the current rate unchanged in September. It gives a 57.6% chance for another pause in November, up from 53.5% on Monday.\n(Updates with equity section.)', 'Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level for the first time in the past almost three months. Ether also slid to lose control of the US$1,600 support level. All other top 10 non-stablecoin cryptocurrencies also booked losses, with XRP leading the losers with a 24-hour drop of more than 5%. The drop came ahead of a potential FTX liquidation that could see the collapsed crypto exchange sell its US$3.4 billion worth of crypto assets by the end of the year. U.S. stock futures edged lower, after Wall Street logged daily gains on Monday, as investors await key U.S. inflation data this week.\nBitcoin dropped 2.72% in the last 24 hours to US$25,115.32 as of 07:30 a.m. in Hong Kong, down 2.57% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency dipped to its lowest price since June 15, touching US$24,930.30 on Tuesday morning.\nEther saw a bigger loss, dropping 4.31% to US$1,547.18 and lost 4.79% in past week, reaching US$1,533.43 on Tuesday, its lowest in six months.\nAll other top 10 non-stablecoin cryptocurrencies posted losses in the past 24 hours. XRP led the losers, falling 5.17% to US$0.4727 for a weekly loss of 6.92%.\n“The continued decline in altcoin values seems to be linked to the looming approval of FTX’s asset liquidation, a move that could impact the market values of many top cryptocurrencies including XRP, which FTX holds a substantial amount,” said John Stefanidis, chief executive officer of blockchain infrastructure foundation Balthazar DAO.\nFTX crypto exchange, which went intobankruptcyin November 2022, is likely to receive court approval on Wednesday to liquidate an estimated crypto holding of US$3.4 billion. The firmproposedto sell up to US$100 million in crypto assets per week, which could be extended to US$200 million.\nThe incoming FTX liquidation indicates the crypto market could “see another US$3.4 billion in crypto-to-fiat off-ramping — a potential liquidity gap that might be hard to fill in the absence of Signature Bank, Silicon Valley Bank, and Silvergate Bank, which were responsible for at least, 50% of all the fiat-to-crypto on-ramping during the last few years,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, said in an emailed report.\nThe event could hit altcoins extra hard, said Thielen, due to “unfavourable tokenomics that compel early investors in projects (founders, Venture Capital investors, etc.) to make prudent financial and survival decisions, and liquidate positions.”\nMeanwhile, digital asset investment products saw an outflow of US$59 million in the week ending Sept. 8, marking the fourth consecutive month in a run of outflows that totaled US$294 million, according to a Monday report by European alternative asset managerCoinShares.\nCoinshares also highlighted net inflows in short investment products, suggesting “sentiment remains poor for the asset class,” and attributed the grim mood to “continued worries over regulation of the asset class and recent dollar strength.”\nThe total crypto market capitalization dropped 2.88% in the past 24 hours to US$1.01 trillion as trading volume surged 60.28% to US$32.35 billion.\nU.S. stock futures edged lower as of 09:10 a.m. in Hong Kong. All three major U.S. indexes logged gains in regular trading Monday, with Nasdaq leading with a 1.14% increase.\nThe main stock indexes in Asia were mixed as of 09:30 a.m. in Hong Kong. China’s Shanghai Composite, Hong Kong’s Hang Sheng and South Korea’s Kospi moved lower, while Japan’s Nikkei 225 edged up.\nTesla spearheaded the stock market rally on Monday after Morgan Stanleyupgradedthe electric car maker’s stock from “equal-weight” to “overweight”, saying the firm’s Dojo supercomputer could add over US$500 billion to its market value. Tesla’s share price surged over 10% on Monday, followed by other technology giants including Amazon (+3.52%) and Microsoft (1.10%).\nOn the inflation front, the U.S. consumer price index (CPI) for August will be released on Wednesday. Federal Reserve Bank of Clevelandexpectsthe inflation gauge to rise 3.8% year-on-year, up from 3.2% in July.\nThe inflation gauge will provide further insights into the Federal Reserve’s future monetary policies, which aims to curb the annual inflation rate below 2% and in July raised the interest rates to the range between 5.25% and 5.50% — the highest level in the past 22 years.\n“This week is more likely to be a ‘good news is good, bad news is bad’ story,” Chris Larkin, managing director of trading and investing at ETrade from Morgan Stanley, toldBloombergon Tuesay. “The market’s ability to rebound in the near term could hinge on this week’s inflation numbers, especially Wednesday’s CPI.”\nTheCME FedWatch Toolpredicts a 93% chance the central bank will maintain the current rate unchanged in September. It gives a 57.6% chance for another pause in November, up from 53.5% on Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $490,636,926,338 - Hash Rate: 379546363.0514252 - Transaction Count: 462328.0 - Unique Addresses: 784703.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: With the Federal Reserve now committed to making monetary policy decisions on the fly, this year’s in Jackson’s Hole may matter more than ever. All eyes are on this resort in the Grand Teton mountains, where the polyester vests are multiple, double entendres about “bears” are funny, and there are a surprising amount of Coin Boys dressing up like cowboys . How exactly did a bucolic hotel situated 34 miles off from Jackson, Wyoming become the site of the “world’s most exclusive economic get-together?” New York Times fed whisperer Jeanna Smialek writes, it’s simply where news is made.And you get on the Federal Reserve Bank of Kansas City’s uber selective guest list, you know you’ve made it monetarily-speaking. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here . It’s where, every year since he’s stepped up as Chairman of the Federal Reserve, Jerome Powell has directed the flows of the U.S. economy. The thing is, he doesn’t even need to get it right. Last year he predicted glum and gloom and the U.S. got job growth and slowed inflation. This year, he said almost exactly what was predicted. The economy has been growing faster than expected. More rate hikes may be needed. The Fed is determined to get inflation down to its longstanding target of 2%. All that pageantry, all that caviar flown into the woods of Wyoming, for this? Well things aren’t all that simple. The Fed’s policy and outlook is essentially unchanged, but at a time when economic uncertainty has never been so heightened. Unlike just a few months ago when it was clear that the Federal Reserve would continue to raise interest rates to slow economic expansion, whether people liked it or not, the central bank is now watching and waiting and adjusting based upon ebbs and flows that are essentially impossible to predict. This is one of the most interesting times to be alive for anyone with an interest in economics, because it’s a moment where the world’s most important banker has never been in such a deferential position to fate. His decisions still matter. Raising rates increases the cost of living across the country and world: it makes mortgages costlier and cars more expensive. Powell's team determines whether in aggregate the American Male will buy that new rec vehicle, or hold off for another year. Story continues One thing seems certain, a rate cut – which would make money cheaper, and more likely to flow into assets at the far end of the risk curve – is not happening anytime soon. How do we know? Well, Powell didn’t even mention it and according to the Fed Whisperers that means all those who expected a cut by the end of the year will have to wait. This is not a rational system, despite all the data, though I’m beginning to suspect it was never designed to be. How is inflation measured? Well the Fed pays people to walk around grocery stores and write down the prices. Should gas, that thing that – excuse the pun – drives the economy by getting people to work, figure in at all? Maybe if the cost of gas were less volatile. Have you ever looked into why 2% is the standard for inflation? Because it feels right. It’s “low enough for consumer comfort but relaxed enough for the economy to flourish,” as the NYTs notes , adding that it’s settled policy “according to Fed doctrine settled years ago.” It’s like asking why people want to go to Jackson, Wyoming — because that’s where the people go. See also: What the New York Times Gets Wrong About Bitcoin Mining I don’t know if any of this bodes well for Bitcoin, even if it looks comparatively rational. Complain about BTC’s price action all you want, but at least everyone knows next month how many bitcoins will be in circulation. But why did Satoshi settle on this emissions schedule, and are we sure they made the right choice? What took me a longer time to figure out than I’d like to admit is that the choice between crypto and fiat is not total. Just because Michael Saylor has and seems likely to continue evacuating all his wealth into bitcoin doesn't mean that’s the only path. Saylor may wake up one day and realize he was wrong to call the U.S. dollar a “shrinking ice cube,” and realize that the Fed did manage to get inflation under control (it’s currently been slowed to 3.2% , down from a peak of 9.1% in June 2022). If there’s any lesson from Powell in Jackson Hole over the years is that there is no ideal economy, just the one you have. Powell has never looked less like Bitcoin, because it’s never been so unclear what his policy will look like this time next year. But there’s a certain stability in that, as much and as absurd as the assurances of Bitcoin having it all worked out in advance.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['While debate rages on about thepossible approval of an exchange-traded fundbased on the spot price of the benchmark cryptocurrency, individual cryptos have again suffered lackluster trading. In what seems to be another week of sideways consolidation, investors need to be extremely cautious with decentralized digital assets.\nWhile not a comprehensive insight, the options market for popular blockchain enterprises doesn’t provide much room for confidence. For example,Marathon Digital(NASDAQ:MARA) is one of the biggest miners of cryptos. However, itsimplied volatility (IV) trendshows that while activity is heightened at upper strike prices, it has spiked the most in the lowest strike prices.\nFurther, thesame can be saidaboutRiot Platforms(NASDAQ:RIOT). While IV moves up alongside rising strike prices, it spikes the most – by a wide margin – at the lowest strike price. Stated differently, it appears that the smart money is hedging for catastrophic risks against the blockchain miners. That’s not a great look for cryptos, to be honest.\xa0Still, investors should consider the merits of each individual coin or token. With that, below are the top cryptos to watch this week.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Sittipong Phokawattana / Shutterstock.com\nAs was the case last week,Bitcoin(BTC-USD) finds itself struggling for traction. Over the past 24 hours heading into early Tuesday morning, BTC gained just under 1%. However, this print overlooks the more worrying data point of the coin dropping below $26,000. At the moment, BTC trades hand at around $25,900.\nTo be sure, much of the mainstream media attention focuses on the drama associated with theapproval of a spot Bitcoin ETF. Should a green light be given, I’m certain that BTC will at least temporarily skyrocket. However, where it goes from there is anyone’s guess. After all, it’s not the first time that a supposed legal victory failed to yield sustained gains.\nFundamentally, investors of Bitcoin and other cryptos should be concerned about the viability of the retail investment community. For example, with Americans’credit card debtshooting over the $1 trillion mark, an economic slowdown leaves many investors vulnerable.\xa0Especially right now, the ecosystem doesn’t seem favorable for risk-on assets like virtual currencies. Therefore, I would maintain vigilance.\nSource: shutterstock\nThe number two cryptocurrency by market capitalization,Ethereum(ETH-USD) finds itself sadly on familiar ground. Right now, ETH prints a value of $1,585, thus moving in the wrong direction. In the past 24 hours, ETH dipped about 1.7%. Over the trailing one-week period, the popular digital asset fell 2%.\nAs with Bitcoin above, Ethereum seeks an upside catalyst. What the difference is now is that time may be of the essence. Roughly speaking, ETH gained around 32% of market value since the beginning of the year. However, in the past 30 days, ETH fell more than 14%. Presumably, the bulls need to start picking up the slack lest the bears smell blood.\nFurther, my hesitation centers on the aforementioned options trading dynamic impacting blockchain miners. If cryptos fall, the mining sector generally plunges as well. So, it appears that the options traders – the smart money – recognize this risk; hence, the spiked IV in the extreme-low strike prices.\xa0Of course, as a longtime believer in cryptos, I want to express better news. However, the data must take priority over narratives.\nSource: DIAMOND VISUALS / Shutterstock.com\nFor those new to cryptos,Tether(USDT-USD) is – so far anyway – the most valuable stablecoin. This type of cryptocurrency is pegged to a hard (fiat) currency, usually the dollar as is the case with Tether. Therefore, investors who acquire USDT units usually don’t do so for capital gains purposes (aside from complex arbitrage trading schemes). Rather, it’s a form of convenience and wealth “storage.”\nBasically, Tether is the oil that keeps the blockchain engine running smoothly. By holding wealth in USDT, market participants can advantage of opportunities within various cryptos quickly and conveniently. With ample volume and velocity, the ratio between USDT and the U.S. dollar should be one-to-one. If minor blips occur, they should be miniscule.\nHowever, the problem is that for the last several weeks, I’ve noticed on multiple occasions that Tether traded conspicuously below the 1:1 ratio. While I don’t anticipate a complete failure of the peg, I’m worried about the implied lack of confidence.\xa0Again, I’m not necessarily worried about a crypto bank run. Still, you want to take the time here to manage your risk exposure accordingly.\nSource: Shutterstock\nOnce the promising name among cryptos thanks to its positive regulatory nod,XRP(XRP-USD) finds itself back in the weeds. By every practical measure, XRP has lost all the gains associated with becoming the virtual currency with legal precedence, stemming from creatorRipple Labs’generally favorable courtroom result.\nAt the moment, XRP lost about 3.5% in the trailing 24 hours. In the trailing seven days, the crypto dropped more than 5%. Priced at 47.9 cents, it’s only a bit higher than the 47.1 cent price that XRP started off at for the memorable July 13 session. Now, with XRP trading below its 200 DMA (51 cents) and 50 DMA (58 cents), circumstances seem far less auspicious.\nOne inkling of optimism is that strong horizontal support exists at approximately the 47.5-cent line. However, it’s a double-edged sword. If XRP fails to move higher from where it presently sits, the bears could come out in full force due to the ugly technical profile.\xa0As has been the case for the last few weeks, let the buyer beware.\nSource: Shutterstock\nWhen it comes to assessingCardano(ADA-USD), all I can think of is that it’s flirting with danger. Ranking among the most popular alternative cryptos or altcoins, ADA commands a cult-like status. Still, that hasn’t been enough to bolster ADA. Currently, the coin trades hands at 24.7 cents, down roughly a third of a percent in the past 24 hours. In the trailing week, it slipped more than 3%.\nTechnically, Cardano will likely suffer great difficulty in generating credibility. Following a flat-to-negative performance since the start of 2023, ADA tanked roughly 51% in the past 365 days. Unfortunately, investors may lose confidence, given the lack of upside impetus. In addition, volume trends have gradually declined since January. Not surprisingly, ADA trades below its 50 DMA (28 cents) and 200 DMA (33 cents).\nOne bit of good news is that ADA trades just above horizontal support, which lies at about 24.5 cents. However, the bulls need to show some resilience here. The additional downside could erode what little confidence remains in Cardano, making it one of the riskiest cryptos.\nSource: Rcc_Btn / Shutterstock.com\nAnother promising name among cryptos that has turned into a nightmare,Solana(SOL-USD) once held promise as an Ethereum killer. Basically, the underlying blockchain technology promised to facilitate the functionalities of the ETH network but with key improvements; notably, greater scalability and far lower transactional costs or fees. Then, in 2022 the rise of interest rates happened and SOL has not looked the same since.\nIn the past 24 hours, SOL dipped about a third of a percent. In the trailing one-week period, the token gave up 5.5% of its market value. Worryingly, Solana – which trades hands at $18.21 at the time of writing – sits conspicuously below its 200 DMA ($21.08) and its 50 DMA ($21.97).\nEven worse, the price action is hanging in no-man’s-land. Looking at the chart, an investor can visually spot a horizontal support line at approximately $21. Dropping below this point will almost surely attract the bears.\xa0Sadly, similar to other virtual currencies, volume faded considerably in recent weeks. Without much interest, investors may want to head to the sidelines.\nSource: Zarko Prusac / Shutterstock.com\nWhile some might erroneously viewDogecoin(DOGE-USD) as a scam, it continues to defy gravity. Thanks to its loyal army of advocates, one can never really count out DOGE. Just when you think the meme coin suffered a fatal blow, it jumps right back into the discussion. It’s basically the Fast and Furious franchise of cryptos.\nHowever, rabid retail support can only go so far. While Dogecoin gained about half a percent in the trailing 24 hours, it fell almost 3% in the trailing seven days. Still, the good news is that with a market cap of nearly $8.7 billion, it ranks number seven in terms of the most valuable blockchain assets.\nOverall, though, there’s little to celebrate about Dogecoin. For one thing, the volume level in September has fallen down to bare bones. This dynamic reflects a broader lack of interest, akin to what we’re seeing in the blockchain mining stocks.\nSecond, DOGE at 6.1 cents trades noticeably below its 50 DMA (6.9 cents) and 200 DMA (7.3 cents). Amid rising skepticism, now might not be an ideal time to speculate on cryptos, especially the riskiest examples.\nOn the date of publication, Josh Enomotoheld a LONG position in\xa0BTC, ETH, USDT, and XRP.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nA former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.\n• ChatGPT IPO Could Shock the World, Make This Move Before the Announcement\n• Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.\n• The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors\nThe post7 Cryptos to Watch as the Blockchain Slogs Throughappeared first onInvestorPlac Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $509,750,545,775 - Hash Rate: 395697272.1174433 - Transaction Count: 512446.0 - Unique Addresses: 802393.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether rose during Thursday afternoon trading in Hong Kong, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization. The SOL token saw the biggest gain in the top 10, following its new partnership with e-commerce giant Shopify. See related article: Weekly Market Wrap: Bitcoin falls below US$26,000 following Evergrande’s bankruptcy SOL leads winners as Bitcoin, Ether rise with most top 10 cryptos Solana’s SOL token rose 4.33% in the 24 hours to 4:30 in Hong Kong to US$20.79, as the day’s biggest gainer in the top 10, after Solana announced partnering Shopify to offer crypto payments with no transaction fees on the e-commerce platform via Solana Pay, a peer-to-peer payments protocol built on the blockchain. Despite the good news, SOL remained near a six-week low. 1xXOwDNYmLP2JEUlCHo5VVb3VZmh22uzK3R4jdRdglCkfh7MsIJ Umq sg qbr8WhQbM3ZSJU18REtsTFAUEITJ2UCVDwe378UujyTOBqSdnR04J966JFMQPiNpuLdeXg7jX 6XvFqriZBgZosXFPk Bitcoin was little changed during afternoon trading in Asia, changing hands at US$26,430 as of 4:30 p.m. in Hong Kong after it briefly rose to the US$26,769 mark earlier today. Despite today’s small rally, Lucas Kiely, the chief investment officer of digital asset platform Yield App, said that returning to US$25,000 remained a possibility. “US$25,000 is the level where BlackRock filed for a spot Bitcoin ETF. There is support at that level. Investors will be spooked if Bitcoin falls below that level. After that level, Bitcoin could fall to approximately US$19,870, which represents the level where Silicon Valley Bank failed,” wrote Kiely, in a statement shared with Forkast. “When SVB failed, Bitcoin rocketed to US$31,000 before moving sideways. BlackRock and other firms then made their Bitcoin ETF announcements, and Bitcoin ripped again.” Ether rose 0.59% during afternoon trading in Asia to US$1,671 bringing its weekly losses to 6.92%. Tron’s (TRX) token rose 1.73% in the past 24 hours to US$0.077, bouncing back from a two-month low of US$0.073 on June 25. Total crypto market capitalization over the past 24 hours rose 1.45% to US$1.07 trillion while market volume decreased 8.66% to US$32.44 billion, according to CoinMarketCap data. OpenSea’s decision continues to weigh on NFT market The Forkast 500 NFT index fell 1.12% to 2,272.28 points in the 24 hours to 4:30 p.m. in Hong Kong and 7.43% in the past week. “Overall the OpenSea royalty policy is still having an impact on the market. Transactions have been declining, total sales are down and average sales price is up,” said Yehudah Petscher, NFT strategist at Forkast Labs, referring to OpenSea ’s decision to cut creator royalty fees. “The higher average sales price lately indicates expensive NFTs being sold, but these are typically at a loss these days.” Story continues Bored Ape #8585 was sold for US$255,000 on Sunday, at a loss of over US$777,000 compared to its purchasing price of US$1.03 million a year ago. Ethereum ’s 24-hour non-fungible token sales rose 1.63% to US$8.51 million, as sales for the largest Ethereum-based collection, the Bored Ape Yacht Club , rose 3.89% to US$1.64 million. Sorare sales also rose 17.3% to US$537,421, making it the third largest NFT collection across all chains by 24-hour sales volume. CryptoPunks sales also increased 25.51%. DraftKings, a Polygon-based NFT project, fell to become the seventh-largest collection across all chains after its 24-hour sales volume fell 25.97%. Polygon’s 24-hour sales also declined 17.66%, while the Forkast POL NFT Composite was nearly flat for the day. Interest in Ordinals inscriptions also remained low, as 24-hour NFT sales on the Bitcoin network fell 12.04%. Nvidia earnings boost U.S. stock futures, Asian equities Image: elements.envato Major Asian equities rose as of 4:30 p.m. in Hong Kong on Thursday, with Japan’s Nikkei 225 , Hong Kong’s Hang Seng Index , the Shenzhen Component and the Shanghai Composite all posting gains. Investors were optimistic after Chinese President Xi Jinping indicated in written remarks that the fundamentals of the Chinese economy remained strong despite minor headwinds at home and abroad. Most Major U.S. stock futures also rose for a third consecutive day, except the Dow Jones Industrial Average futures. The S&P 500 futures index and the tech-heavy Nasdaq-100 futures both posted gains. Nasdaq’s gains received a boost from Nvidia share prices that gained over 3% after the chipmaker’s earnings report showed that its data center revenue rising 171% year over year to US$10.32 billion. Nvidia’s earnings report also provided fuel for European equity markets, with Frankfurt’s DAX 40 gaining 1% and the pan-European STOXX 600 inching up 0.9% on Thursday. On the corporate front, investors are anticipating earnings reports from Intuit, the Royal Bank of Canada, Toronto Dominion Bank, NetEase and Marvell Technology, scheduled for later today. Investors are also looking ahead to key speeches by U.S. Fed Chair Jerome Powell and ECB President Christine Lagarde at the Jackson Hole Economic Symposium on Friday where central bank leaders will converge. See related article: Singapore’s Stablecoin framework, Australia’s crypto landscape & Binance shuts ‘Connect’ Updates with equities View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Thursday morning in Asia to trade above the US$26,000 support level. Ether also rose to reclaim US$1,600. All other top 10 non-stablecoin cryptocurrencies moved up, with Solana spearheading the winners with a 24-hour rise of over 2%. The rally followed the U.S. consumer price index (CPI) release on Wednesday, which showed an acceleration in the annual inflation rate in August, while the core CPI that excludes food and energy prices posed a deceleration. U.S. stock futures traded higher, after Wall Street closed mixed on Wednesday.\nBitcoin rose 1.45% in the last 24 hours to US$26,251.64 as of 07:20 a.m. in Hong Kong, adding 1.88% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency reclaimed the US$26,000 support level on Wednesday afternoon and touched a daily high of over US$26,370 on early Thursday morning.\nDespite reclaiming the key US$26,000 line, Bitcoin’s momentum has seemingly weakened on Tuesday, but is “still strong enough to hold on to\xa0most of what was reclaimed after the bounce,” Keith Alan, co-founder of monitoring resource Material Indicators,tweetedon Wednesday.\nBitcoin still faces multiple technical resistances, including a “death cross” between the token’s 50-day and 200-day simple moving averages – which currentlysitat US$27,444 and US$27,670, as well as a 100-day moving average at US$28,292 that outlines the ceiling of the range, according to Alan onTuesday.\nEther also gained 0.95% to US$1,609.32 but still traded 1.64% lower in the past seven days. The second top crypto reached a 24-hour high of US$1,619.11 on Tuesday night.\nBitcoin and Ether prices briefly dipped on early Thursday morning in Asia after the bankrupt crypto exchange FTXreceivedcourt approval to sell its US$3.4 billion worth of crypto assets. The selling is capped at US$100 million per week, which can be extended to US$200 million.\nFTX’s current crypto holdings include US$1.16 billion in Solana’s SOL and US$560 million in Bitcoin, according to a Mondaycourt filing.\nDespite the incoming FTX liquidation, crypto prices remain largely stable. All other top 10 non-stablecoin cryptocurrencies posted gains in the past 24 hours. SOL led the winners, which rose 2.70% to US$18.43 but lost 6.70% for the week.\nVisawrotein a Tuesday research report that Solana blockchain “has attributes like high transaction throughput and scalability at low cost that help make it a good candidate for payments and Visa’s stablecoin settlement pilot.” The global payment giant announced apartnershipwith Solana on Sept. 5 to expand its USDC stablecoin settlement pilot to Solana’s blockchain\nThe total crypto market capitalization gained 1.07% in the past 24 hours to US$1.04 trillion, while trading volume dropped 21.30% to US$27.63 billion.\n“The recent stability could be attributed to steady CPI data, as is common amongst high-risk asset classes,” said John Stefanidis, CEO and co-founder of blockchain infrastructure DAO, Balthazar DAO.\n“Moreover, it seems the crypto market may have already priced in the potential ramifications of FTX’s approved sale of its substantial $3.4 billion crypto asset portfolio,” added Stefanidis.\nU.S. stock futures were trading higher as of 09:30 a.m. in Hong Kong, after Wall Street closed mixed on Wednesday, with the S&P 500 and Nasdaq Composite logging gains while the Dow Jones Industrial Average edging lower.\nMost main stock indexes in Asia rose on Thursday morning. Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei 225 all logged gains, while China’s Shanghai Composite inched down 0.03%.\nThe U.S.CPI releaseon Wednesday sent mixed information to the market. The inflation gauge rose 3.7% by year in August, an acceleration from 3.2% in July. The August CPI also booked a monthly gain of 0.6%, the biggest increase since June 2022.\nThe accelerated CPI growth aligns with analysts’ expectation, according toReuterson Thursday. Gasoline price, which jumped 10.6% in August, accounted for over 50% of the CPI growth in the month.\nMeanwhile, the core CPI — which excludes the volatile food and energy prices — rose 4.3% by year in August, a deceleration from 4.7% in July and the smallest reading since September 2021.\n“There is nothing here to seriously put a Fed rate hike on the table next week, but there is enough to keep the debate about the need for one more hike in 2023 alive,” Conrad DeQuadros, senior economic advisor at U.S.-based investment bank Brean Capital, told Reuters.\nGiven the mixed CPI data, J.P.Morgan Asset Management wrote on Wednesday it expects the Federal Reserve to make no further interest rate hike in this monetary tightening cycle.\n“Despite still rising oil prices in early September, we expect the impact of oil price spikes on CPI to be limited,” J.P.Morgan’s Chief Global Strategist David Kelly said in a note viewed byReuters, who expects the annual inflation rate will fall below the Fed’s long-term goal of 2% by the fourth quarter of 2024.\nTheCME FedWatch Toolpredicts a 97% chance the central bank will maintain the current rate unchanged in its meeting on Sept. 20, which is currently in the range between 5.25% and 5.50%. It gives a 58.4% chance for another pause in November, up from 56.8% on Wednesday.\nThe U.S. August producer price index (PPI) is set to be released on Thursday, with analystsexpectingthe data to rise 1.2% by year, up from 0.8% in July. The data will provide further insights into the Fed’s future monetary policies.\n(Updates with equity section, comment from Stefanidis.)', 'Bitcoin rose on Thursday morning in Asia to trade above the US$26,000 support level. Ether also rose to reclaim US$1,600. All other top 10 non-stablecoin cryptocurrencies moved up, with Solana spearheading the winners with a 24-hour rise of over 2%. The rally followed the U.S. consumer price index (CPI) release on Wednesday, which showed an acceleration in the annual inflation rate in August, while the core CPI that excludes food and energy prices posed a deceleration. U.S. stock futures traded higher, after Wall Street closed mixed on Wednesday. Bitcoin reclaims US$26,000; altcoins stable after bankrupt FTX received approval to liquidate Bitcoin rose 1.45% in the last 24 hours to US$26,251.64 as of 07:20 a.m. in Hong Kong, adding 1.88% for the week, according to CoinMarketCap data. The world’s largest cryptocurrency reclaimed the US$26,000 support level on Wednesday afternoon and touched a daily high of over US$26,370 on early Thursday morning. Despite reclaiming the key US$26,000 line, Bitcoin’s momentum has seemingly weakened on Tuesday, but is “still strong enough to hold on to\xa0most of what was reclaimed after the bounce,” Keith Alan, co-founder of monitoring resource Material Indicators, tweeted on Wednesday. Bitcoin still faces multiple technical resistances, including a “death cross” between the token’s 50-day and 200-day simple moving averages – which currently sit at US$27,444 and US$27,670, as well as a 100-day moving average at US$28,292 that outlines the ceiling of the range, according to Alan on Tuesday . Ether also gained 0.95% to US$1,609.32 but still traded 1.64% lower in the past seven days. The second top crypto reached a 24-hour high of US$1,619.11 on Tuesday night. Bitcoin and Ether prices briefly dipped on early Thursday morning in Asia after the bankrupt crypto exchange FTX received court approval to sell its US$3.4 billion worth of crypto assets. The selling is capped at US$100 million per week, which can be extended to US$200 million. Story continues FTX’s current crypto holdings include US$1.16 billion in Solana’s SOL and US$560 million in Bitcoin, according to a Monday court filing . Despite the incoming FTX liquidation, crypto prices remain largely stable. All other top 10 non-stablecoin cryptocurrencies posted gains in the past 24 hours. SOL led the winners, which rose 2.70% to US$18.43 but lost 6.70% for the week. Visa wrote in a Tuesday research report that Solana blockchain “has attributes like high transaction throughput and scalability at low cost that help make it a good candidate for payments and Visa’s stablecoin settlement pilot.” The global payment giant announced a partnership with Solana on Sept. 5 to expand its USDC stablecoin settlement pilot to Solana’s blockchain The total crypto market capitalization gained 1.07% in the past 24 hours to US$1.04 trillion, while trading volume dropped 21.30% to US$27.63 billion. “The recent stability could be attributed to steady CPI data, as is common amongst high-risk asset classes,” said John Stefanidis, CEO and co-founder of blockchain infrastructure DAO, Balthazar DAO. “Moreover, it seems the crypto market may have already priced in the potential ramifications of FTX’s approved sale of its substantial $3.4 billion crypto asset portfolio,” added Stefanidis. U.S. annual inflation rate accelerates Image: Getty Images U.S. stock futures were trading higher as of 09:30 a.m. in Hong Kong, after Wall Street closed mixed on Wednesday, with the S&P 500 and Nasdaq Composite logging gains while the Dow Jones Industrial Average edging lower. Most main stock indexes in Asia rose on Thursday morning. Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei 225 all logged gains, while China’s Shanghai Composite inched down 0.03%. The U.S. CPI release on Wednesday sent mixed information to the market. The inflation gauge rose 3.7% by year in August, an acceleration from 3.2% in July. The August CPI also booked a monthly gain of 0.6%, the biggest increase since June 2022. The accelerated CPI growth aligns with analysts’ expectation, according to Reuters on Thursday. Gasoline price, which jumped 10.6% in August, accounted for over 50% of the CPI growth in the month. Meanwhile, the core CPI — which excludes the volatile food and energy prices — rose 4.3% by year in August, a deceleration from 4.7% in July and the smallest reading since September 2021. “There is nothing here to seriously pu Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $515,226,336,300 - Hash Rate: 436074544.7824885 - Transaction Count: 576215.0 - Unique Addresses: 875176.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This is David Z. Morris, filling in for Michael Casey to talk about so-called artificial intelligence, the threats it poses to the future – and how crypto could help mitigate them. As Michael would surely agree, there are no real days off in crypto. I was reminded myself when I recently spent a long weekend at the fantasticReaderconfiction convention. Inevitably, I missed someimportant crypto stories, but I also got some up-close insight into another looming novelty: the existential threat that automated large language models (LLMs) like GPT3 pose to the entire internet. You’re readingMoney Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletterhere. That might sound hyperbolic. But at Readercon, I met Neil Clarke, founder and editor of the top-tier science fiction magazineClarkesworld, which along with other fiction publications has become a canary in the coal mine of A.I. run amok. The rise of ChatGPT has inundated these journals with a flood of fake GPT-generated story submissions, a plague so severe Clarkesworld was forced to temporarily pause submissions this February, threatening the work and livelihoods of real authors. “I’ve been calling it spam,” says Clarke, “Because that’s what it is. I sometimes refuse to even call it ‘artificial intelligence.’ You can’t humanize these things. It’s not like the science fiction of movies where it’s aware. It’s a statistical [language] model.” The mention of spam should raise the antenna of longtime cryptocurrency watchers: the same problem lay at the very origins of Bitcoin. Between 1998 and 2002, computer scientist Adam Back developed the concept of “Hashcash,” primarily intended to combat e-mail spam by requiring a tiny payment to send one. Back and his ideas became foundational to the development of Bitcoin, and he’s now CEO of crypto developer Blockstream. Two decades later, with robotic barbarian hordes poised to swamp human communication systems, it might be time to revisit the Hashcash concept. “ChatGPT came out in late November,” Clarke says, “And we immediately started seeing submissions using it. The first people to adopt it were the ones already submitting plagiarized works. It was readily embraced by people who were trying to make a quick buck off other people’s work.” As they faced down the spam problem, Clarke says he and his team quickly realized the attack was coordinated. YouTube and TikTok channels focused on get-rich-quick schemes were promising viewers they could make thousands of dollars by submitting GPT-generated stories to fiction magazines like Clarkesworld. Clarkesworld pays a few hundred dollars per story, depending on length – not much more than beer money in some parts of the world, but extremely meaningful in others. Those fraudulent promises from online grifters seem to have spread fast. Clarke says he received 54 AI-generated submissions in December. In January, he got 117 fake stories. In February, the number hit 514 before Clarke closed submissions midday on February 20. “And that morning alone,” he says, “we had 50.” Clarkesworld has a small staff, who normally review about 1,100 submissions a month. So the accelerating flood of trash threatened to overwhelm them, and solutions weren’t obvious. “We have an open submission process, specifically designed to welcome in new writers and new voices,” says Clarke. “So we could close submissions from certain locations [to fight spam], but we also have legitimate authors coming in from those countries. And we’ve been told things like, ‘The payment for this story will cover my bills for a month.’” “Authors like that are getting buried. The A.I. submissions hurt new authors, and authors who might not be from communities that are well-connected.” This is one clear way auto-generated content threatens to make the internet worse for human beings – particularly those at the margins. “If you go back 15 or 20 years when we took submissions on paper,” Clarke says, “just the cost of postage was enough to decrease submissions from outside the U.S., Canada, and U.K. substantially. And as soon as you have digital submissions, we had this flood of international submissions.” That has led to a huge diversification of the fiction world – a creative renaissance that’s now threatened by the rise of LLMs. Clarke is also a coder, which gave him useful tools for addressing the spam challenge. He began associating more metadata with submissions, such as whether they came through a VPN and the length of the user’s session. These and other criteria are now used as part of a “points system” that places stories more likely to be fake further down a review queue. This helps real authors get read first, but also ensures that every submission is eventually reviewed. Finally, if a story is determined to be LLM-generated, the submitter is permanently banned from the system. Those measures have helped Clarkesworld reopen submissions, for now – but a continued rise in the volume of spam they’re dealing with would mean the solution is only temporary. One important aspect of Clarke’s experience is that the actual quality of the robotic submissions has been abysmally low. They’re almost instantly recognizable to a human reader, and have no actual chance of being published. “ChatGPT3 was writing at a level below the worst human writers,” says Clarke, who after two decades as an editor knows exactly what the worst looks like. “GPT4 is getting closer to the worst human writers, but even that’s still rare.” “The common thing is that they have perfect grammar, they have perfect spelling,” Clarke continues. “But the stories themselves don’t make a lot of sense. They jump over important things. They’ll start out with a basic premise, like ecological collapse, and introduce some scientists who can solve the problem, and then suddenly they’ve solved the problem. It’s missing the middle of the story, and bookending it with stereotypical openings and closings, done very poorly.” That sounds a lot like Ted Chiang’s recent characterization of ChatGPT’s output as“a blurry JPEG of the internet.”This manifest crappiness happily debunks much of the brain-dead hype around LLMs. But it also makes the image of talented (and wildly underpaid) editors being forced to sift through the dross all the more depressing. Another option for reducing spam submissions is a submission fee. Clarke says he has no desire or plan to implement a fee, thanks to overriding ethical and creative concerns. In particular, a submission fee could limit access, which the community of science fiction writers strongly opposes. But beyond that, the technical shortcomings of current global payments infrastructure also make charging an anti-spam fee impractical, even if Clarke wanted to. For instance, Clarke says to charge a submission fee, he would need to be able to refund it, for instance to writers whose stories were accepted, or simply not AI-generated. An ideal spam-blocking fee would also be quite small – certainly far lower than the $25 or $30 worth of postage that was keeping away developing-world authors in the pre-internet era. But there’s no way to do that with current tech. “Tell me a credit card company where I can refund almost all of it. I’d lose the account,” says Clarke. As any good crypto bro knows, credit cards also don’t play well with small payments. But those aren’t even the biggest issue. “There are also problems with trying to take payments in different parts of the world,” Clarke continues. “There are a number of African countries that credit card companies won’t work with. So that would eliminate authors. I’ve also had people suggest identity services, but those also have nation-sized holes in them. We need something that works for everybody.” If you’re reading this, you already know where we’re headed: at least in principle, cryptocurrency and related systems could help mitigate Clarkesworld’s fake submission problem. Requiring a small payment for all submissions would reduce low-quality submissions, lightening editors’ workloads, and compensating them for the spam that did come in. Because payments could be cheaply, quickly, and easily returned to real authors, the cost to actual human writers would be marginal. And because these systems are not confined by national borders, no real writers would be crowded out by the robo-regurgitators. Though it would take considerable elaboration, some version of the same system may someday serve parallel purposes in less boutique settings. One can imagine aSteem-likesystem of staking incentives being used to punish automated posting on forums or social media, for instance. More elaborate decentralized identity systems, such asSpruceID, are more challenging and, for now, more nascent, but could have even more profound potential. To be clear, none of this should be necessary. LLMs are quickly being revealed as little more than parlor tricks, whose real utility is probably limited, at least in the near term, to short-form customer service and clickbait entertainment. (Take for instanceCNET’s disastrous experimentwith using GPT to write news articles). The technology’s biggest impacts are instead seen in the spread of fourth-rate gibberish that wastes the time and brainpower of all the actual humans involved. But if this is what the god-princes of Silicon Valley see as the next frontier of venture capital riches, then it is the world we’ll have to live in. At the very least, crypto offers one hope for fighting back.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Friday morning in Asia to trade above US$26,500. Ether also moved higher to over US$1,600. All other top 10 non-stablecoin cryptocurrencies gained with Tron network’s TRX token leading the winners with a 24-hour rise of over 3%. The rise in crypto prices coincided with an announcement from Deutsche Bank that said the largest German lender would provide crypto custody services. U.S. stock futures edged up after Wall Street closed higher on Wednesday following strong economic data from the U.S.\nBitcoin rose 1.49% in the last 24 hours to US$26,610.48 as of 07:30 a.m. in Hong Kong and went up 1.60% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency reclaimed US$26,774.62 on Thursday evening, the highest price since Aug. 31.\nBitcoin’s rise this week “coincides with a noticeable return in investor sentiment,” Samer Hasn, market analyst at Australia-based global multi-asset broker XS.com, said in an emailed comment.\nBy the end of Wednesday, open interests in Bitcoin derivatives reached about 7.525 billion — its highest levels since Aug. 31, and the same applies to Ether open positions that reached around 3.7 billion, said Hasn, citing data from blockchain intelligence platform CryptoQuant.\nEther gained 1.38% to trade at US$1,629.33 but was still down 0.95% for the past seven days.\nThe crypto market received a boost from news that Deutsche Bank — a German lender that hadUS$1.4 trillionin total assets at the end of 2022 — will launch custody services for cryptocurrencies and tokenized assets of institutional customers in a partnership with Swiss fintech firm Taurus, according to a Thursdaypress release.\n“As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one of the priorities for investors and corporations alike. As such, custodians must start adapting to support their clients,” Paul Maley, global head of securities services at Deutsche Bank, said in the announcement.\n“Deutsche Bank’s recent announcement to offer crypto custody services is a positive step towards a growing acceptance and development of crypto in the mainstream financial sector. It could also be potentially providing a renewed sense of confidence among investors,” said John Stefanidis, chief executive officer and co-founder of blockchain infrastructure decentralized organization, Balthazar DAO.\nAll other top 10 non-stablecoin cryptocurrencies posted gains in the past 24 hours. Tron’s TRX led the winners, which rose 3.46% to US$0.08388 and added 6.15% for the week.\nMeanwhile, the positive sentiment came amid regulatory battles in the U.S., as the SEC earlier this weekchargedStone Cats 2 — the company behind the “Stoner Cats” animated series — with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs).\nBack in July 2021, Stone Cats 2 sold 10,000 NFTs for US$800 each to fund the Stoner Cats series. The firm has agreed to a cease-and-desist order and will pay a civil penalty of US$1 million.\nThe total crypto market capitalization gained 1.27% in the past 24 hours to US$1.06 trillion, while trading volume edged up 3.00% to US$28.28 billion.\nU.S. stock futures moved up as of 09:10 a.m. in Hong Kong, after Wall Street closed higher on Thursday, with Dow Jones Industrial Average leading the winners with a 0.96% increase.\nMost main stock indexes in Asia rose on Wednesday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei 225 all logged gains, with Nikkei 225 spearheading the gains with a 0.87% rise.\nWall Street’s Thursday day rally followed strong economic data coming from the U.S. The country’sretail salesin August rose 0.6% by month, beating the analysts’expectationof 0.2%.\nHowever, the unexpected retail sales growth was largely due to the surge in oil prices, as receipts at gasoline stations jumped 5.2% by month. With gasoline excluded, retail sales edged up 0.2% in August, decelerating from 0.5% in July and among the weakest readings this year, according toBloombergon Thursday.\nThe 0.2% uptick is still higher than the median forecast of a 0.1% drop, but also points to a slowdown in the U.S. economy.\n“While consumption has been more resilient than anticipated so far this year, the case for a slowdown is building,” Michael Pearce, lead U.S. economist at Oxford Economics, said in a note seen byBloomberg. “More broadly, the renewed rise in gasoline prices is hitting real incomes at a time when slowing wage growth, hours worked and payroll gains are pressuring income growth.”\nElsewhere on the economic data front, theU.S. producer price index (PPI)also booked a bigger-than-expected monthly growth of 0.7% as the gasoline cost jumped 20%. Meanwhile, the number of U.S. initial jobless claims rose to 220,000 in the week ending Sept. 9, but was lower than the analysts’ expectation of 225,000, according toReuterson Thursday.\n“There is nothing in today’s reports to prompt a Fed rates response next week, even though the labor market remains out of balance,” Christopher Rupkey, chief economist at U.S.-based financial markets research firm FWDBOND, toldReuters. “The economy is in a good place for now with moderate consumer demand that is not hot enough to bring inflation back to life.”\nTheCME FedWatch Toolpredicts a 96% chance the central bank will maintain the current rate unchanged in its meeting on Sept. 20, which is currently in the range between 5.25% and 5.50%. It gives a 63% chance for another pause in November, up from 58.4% on Thursday.\nInvestors are now waiting for a slew of economic data from China on Friday, including house prices, fixed asset investment, retail sales, industrial production and unemployment. Analysts expect an acceleration in the country’s retail sales and industrial production growths in August, but also a slowdown in its fixed asset investment growth, Reutersreportedon Friday.\n(Updates with equity section.)', 'Bitcoin rose on Friday morning in Asia to trade above US$26,500. Ether also moved higher to over US$1,600. All other top 10 non-stablecoin cryptocurrencies gained with Tron network’s TRX token leading the winners with a 24-hour rise of over 3%. The rise in crypto prices coincided with an announcement from Deutsche Bank that said the largest German lender would provide crypto custody services. U.S. stock futures edged up after Wall Street closed higher on Wednesday following strong economic data from the U.S. Bitcoin, Ether gain; Deutsche Bank news pumps optimism into crypto markets Bitcoin rose 1.49% in the last 24 hours to US$26,610.48 as of 07:30 a.m. in Hong Kong and went up 1.60% for the week, according to CoinMarketCap data. The world’s largest cryptocurrency reclaimed US$26,774.62 on Thursday evening, the highest price since Aug. 31. Bitcoin’s rise this week “coincides with a noticeable return in investor sentiment,” Samer Hasn, market analyst at Australia-based global multi-asset broker XS.com, said in an emailed comment. By the end of Wednesday, open interests in Bitcoin derivatives reached about 7.525 billion — its highest levels since Aug. 31, and the same applies to Ether open positions that reached around 3.7 billion, said Hasn, citing data from blockchain intelligence platform CryptoQuant. Ether gained 1.38% to trade at US$1,629.33 but was still down 0.95% for the past seven days. The crypto market received a boost from news that Deutsche Bank — a German lender that had US$1.4 trillion in total assets at the end of 2022 — will launch custody services for cryptocurrencies and tokenized assets of institutional customers in a partnership with Swiss fintech firm Taurus, according to a Thursday press release . “As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one of the priorities for investors and corporations alike. As such, custodians must start adapting to support their clients,” Paul Maley, global head of securities services at Deutsche Bank, said in the announcement. Story continues “Deutsche Bank’s recent announcement to offer crypto custody services is a positive step towards a growing acceptance and development of crypto in the mainstream financial sector. It could also be potentially providing a renewed sense of confidence among investors,” said John Stefanidis, chief executive officer and co-founder of blockchain infrastructure decentralized organization, Balthazar DAO. All other top 10 non-stablecoin cryptocurrencies posted gains in the past 24 hours. Tron’s TRX led the winners, which rose 3.46% to US$0.08388 and added 6.15% for the week. Meanwhile, the positive sentiment came amid regulatory battles in the U.S., as the SEC earlier this week charged Stone Cats 2 — the company behind the “Stoner Cats” animated series — with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). Back in July 2021, Stone Cats 2 sold 10,000 NFTs for US$800 each to fund the Stoner Cats series. The firm has agreed to a cease-and-desist order and will pay a civil penalty of US$1 million. The total crypto market capitalization gained 1.27% in the past 24 hours to US$1.06 trillion, while trading volume edged up 3.00% to US$28.28 billion. U.S. equities rise following strong economic data Image: Getty Images U.S. stock futures moved up as of 09:10 a.m. in Hong Kong, after Wall Street closed higher on Thursday, with Dow Jones Industrial Average leading the winners with a 0.96% increase. Most main stock indexes in Asia rose on Wednesday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei 225 all logged gains, with Nikkei 225 spearheading the gains with a 0.87% rise. Wall Street’s Thursday day rally followed strong economic data coming from the U.S. The country’s retail sales in August rose 0.6% by month, beating the analysts’ expectation of 0.2%. However, the unexpected Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,747,744,112 - Hash Rate: 506061817.4019002 - Transaction Count: 703692.0 - Unique Addresses: 1017545.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoiners rejoiced this week when KPMG, one of the “big four” worldwide accounting firms, published a report that underscored how the protocol can contribute in a positive manner to the three pillars of the ESG investing framework: environmental, social, and governance. KPMG’s research is pivotal, says CH4 Capital co-founder and renowned ESG analyst, Daniel Batten . “No matter what your view on ESG, demonstrating how Bitcoin makes positive contributions [to environment, social and governance initiatives] is critical to both mainstream and institutional comfort,” he told Decrypt. According to Batten , the KPMG report — titled “ Bitcoin’s role in the ESG Imperative ” —is an “important moment, because it represents for the first time a mainstream financial institution having gone through a thorough due diligence process on Bitcoin.” The report documents a deep dive in the framework’s three pillars, beginning with the environmental aspect of Bitcoin mining –the energy intensive and controversial process through which new BTC is created. KPMG says the mining industry “is focused on driving towards Net Zero emissions.” KPMG showcases how Bitcoin emissions compare to other key worldwide industries (such as tourism and fashion), elucidating it is a mere fraction. The publication outlines several strategies towards reducing the network's carbon footprint, including using renewable energy , and recycled heat among others. 'Unsubstantiated': Expert Refutes Greenpeace Bitcoin Mining Pollution Claims Batten, an expert on ESG matters, explained to Decrypt that he is surprised by the thoroughness of the report. “It's usual for reports to let certain folklore slip through the due diligence process such as ‘but Bitcoin takes renewable energy away from other users,’” he said, praising the KPMG team for the quality of their research and publishing what he considers to be “non-obvious truths.” The social aspect of the report touches upon the hotly debated “Bitcoin is for criminals ,” narrative, pointing to a recent Chainalysis report . U.S. Senator Elizabeth Warren has repeatedly asserted that cryptocurrency is a favored tool of criminals, fueling societal ills like the fentanyl epidemic . Story continues KPMG countered these claims with the opportunities the protocol presents for financial inclusion, such as crowdfunding Ukraine’s efforts in its war with Russia, providing access to electricity in Africa, and the role it plays for minorities around the world. Last but not least, KPMG addresses the governance aspect of Bitcoin, and the decentralized aspect of the network specifically, which it writes is one of its “most prominent features.” The report acknowledges that the network’s rules cannot be changed or modified by those in power, pointing to a “robust” governance structure that provides a “high degree of confidence” in the overall system. Robert F. Kennedy Jr: Bitcoin Energy Concerns Should Not Be Used as 'Smokescreen' to Limit Freedom The report concludes that Bitcoin provides a number of positive benefits under an ESG investing framework, and ends with a series of questions for ecosystem players–prompting users, miners and other organizations to assess their relationship to the ecosystem. “I think it's an important report and a milestone the ecosystem should celebrate,” Batten tells Decrypt. He remarked that “It's important people read reports put out by Bitcoin opponents,” although Batten reckons “there is still much work to be done, with several mainstream news channels continuing to publish misinformation about Bitcoin with impunity.” He concluded, however, that “this will improve education and help the intellectually curious person to form an informed viewpoint on the utility of Bitcoin.”... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• US stocks fell on Friday as investors fret about a potential slowdown in the semiconductor space.\n• Reuters reported that Taiwan Semiconductor told its suppliers to delay some order shipments.\n• Investors are also turning their attention to the Federal Reserve\'s meeting next week.\nUS stocks fell on Friday as investors grew concerned about a potential slowdown in the semiconductor space.\nTechnology stocks led the decline after Reuters reported thatTaiwan Semiconductor told its suppliers to delay some order shipmentsamid concerns of a slowdown in the space. The iShares Semiconductor ETF sold off by more than 3% on Friday.\nTheUnited Auto Workers went on strike againstDetroit\'s top automakers. It represents the first time in history that employees at the Big 3 —Ford,General Motors, andStellantis— went on strike at the same time. Nearly 13,000 autoworkers are striking for increased pay amid the transition from gasoline-powered cars to electric vehicles.\nInvestors are now turning their attention to the Federal Reserve\'s meeting next week. Markets currently expect the Fed to hold interest rates steady as inflation shows signs of cooling down.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,450.32, down 1.22%\n• Dow Jones Industrial Average:34,618.24, down 0.83% (288.87 points)\n• Nasdaq Composite:13,708.33, down 1.56%\nHere\'s what else happened today:\n• US corporate debt defaults surged 176%as the Fed\'s war on inflation pushes more companies into financial distress.\n• Billionaire hedge-fund managerKen Griffin said he\'s unsure if the stock market rally can last,adding that he\'s "a bit anxious" about this year\'s strong gains.\n• Short-sellerJim Chanos is still betting against Teslasaying the stock is "ridiculously overvalued."\n• China\'s house-price slump drags onas Beijing battles to shore up the country\'s crisis-hit property sector.\n• Cocaine is set to become Colombia\'s top export this year,edging out oil products, according to a note from Bloomberg Economics.\n• Nearly 16% of home sale deals in August were canceled,the highest rate since last October, as mortgage rates stay above 7%, Redfin reported.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 0.96% to $91.03 a barrel.Brent crude, the international benchmark, edged up 0.39% to $94.07 a barrel.\n• Goldclimbed 0.68% to $1,945.90 per ounce.\n• The yield on the 10-year Treasury bond rose three basis points to 4.33%.\n• Bitcoinfell 0.41% to $26,423.\nRead the original article onBusiness Insider', 'US stocks fell on Friday as investors fret about a potential slowdown in the semiconductor space. Reuters reported that Taiwan Semiconductor told its suppliers to delay some order shipments. Investors are also turning their attention to the Federal Reserve\'s meeting next week. US stocks fell on Friday as investors grew concerned about a potential slowdown in the semiconductor space. Technology stocks led the decline after Reuters reported that Taiwan Semiconductor told its suppliers to delay some order shipments amid concerns of a slowdown in the space. The iShares Semiconductor ETF sold off by more than 3% on Friday. The United Auto Workers went on strike against Detroit\'s top automakers. It represents the first time in history that employees at the Big 3 — Ford , General Motors , and Stellantis — went on strike at the same time. Nearly 13,000 autoworkers are striking for increased pay amid the transition from gasoline-powered cars to electric vehicles. Investors are now turning their attention to the Federal Reserve\'s meeting next week. Markets currently expect the Fed to hold interest rates steady as inflation shows signs of cooling down. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,450.32, down 1.22% Dow Jones Industrial Average : 34,618.24, down 0.83% (288.87 points) Nasdaq Composite : 13,708.33, down 1.56% Here\'s what else happened today: US corporate debt defaults surged 176% as the Fed\'s war on inflation pushes more companies into financial distress. Billionaire hedge-fund manager Ken Griffin said he\'s unsure if the stock market rally can last, adding that he\'s "a bit anxious" about this year\'s strong gains. Short-seller Jim Chanos is still betting against Tesla saying the stock is "ridiculously overvalued." China\'s house-price slump drags on as Beijing battles to shore up the country\'s crisis-hit property sector. Cocaine is set to become Colombia\'s top export this year, edging out oil products, according to a note from Bloomberg Economics. Nearly 16% of home sale deals in August were canceled, the highest rate since last October, as mortgage rates stay above 7%, Redfin reported. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 0.96% to $91.03 a barrel. Brent crude , the international benchmark, edged up 0.39% to $94.07 a barrel. Gold climbed 0.68% to $1,945.90 per ounce. The yield on the 10-year Treasury bond rose three basis points to 4.33%. Bitcoin fell 0.41% to $26,423. Read the original article on Business Insider']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $517,742,239,500 - Hash Rate: 417231817.5388007 - Transaction Count: 593144.0 - Unique Addresses: 876224.0 Social & AI Sentiment: - Fear & Greed Index: 0.43 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Investing.com -- U.S. stocks point higher ahead of a week of major corporate results and key economic data. Amazon and Apple are set to round out a multi-week crush of earnings from Big Tech, while nonfarm payroll figures for July could provide clues into the impact of over a year of Federal Reserve policy tightening. 1. Futures edge higher U.S. stock futures inched up on Monday, but stayed close to the flatline, as investors looked ahead to a fresh batch of tech earnings and key U.S. employment data this week. At 05:12 ET (09:12 GMT), the Dow futures contract had gained 18 points or 0.05%, S&P futures added 4 points or 0.08%, and Nasdaq 100 futures moved up by 8 points or 0.05%. The main indices remain on track to post monthly gains before the final trading day of July. The Dow Jones Industrial Average, which saw its longest win streak since 1987 snapped last week, is up 3.1% this month, while the S&P 500 has climbed 3% and the tech-heavy Nasdaq Composite has added 3.8%. As July turns to August, traders are awaiting earnings later in the week from Amazon and Apple, as well as chipmakers AMD (NASDAQ:AMD) and Qualcomm (NASDAQ:QCOM). Meanwhile, the crucial U.S. nonfarm payrolls report for July is due out on Friday, with economists predicting that the world's biggest economy added fewer jobs compared to the prior month. 2. Amazon and Apple results ahead E-commerce giant Amazon (NASDAQ:AMZN) and iPhone-maker Apple (NASDAQ:AAPL) will both report their latest quarterly results on Thursday, rounding out a wave of closely-watched Big Tech earnings in recent weeks. Focus will likely hover around how the companies' revenue flows fared during a three-month period marked by economic uncertainty that has persuaded some businesses and individuals to rein in spending. For Amazon, attention will likely turn to its all-important cloud computing unit, Amazon Web Services , where growth decelerated in the previous quarter. Amazon has also flagged that the slowdown at the division continued into April. Story continues Apple, meanwhile, will deliver its first results since the unveiling of its highly-anticipated Vision Pro headset in June. Despite the excitement around the device, weaker consumer demand is expected to weigh on other products like the iPhone and iPad. Analysts may also be keen to question Amazon and Apple executives about their plans for artificial intelligence (AI). Last week, tech peers Microsoft (NASDAQ:MSFT), Facebook-owner Meta Platforms (NASDAQ:META), and Google-parent Alphabet (NASDAQ:GOOGL) cautioned that spending levels may soon rise as they race to develop AI tools. 3. U.S. jobs report highlights economic calendar Hiring in the U.S. is projected to have slowed in July, but the job market is expected to remain relatively tight even in the face of aggressive Federal Reserve interest rate hikes. Economists predict that total nonfarm employment rose by 200,000 during the month, down from the June reading of 209,000, while the jobless rate is expected to remain steady at 3.6%. The labor market has been a major focus of the Fed's long-standing monetary tightening campaign, with policymakers arguing that a loosening in employer demand could help alleviate inflationary pressures. The Fed increased interest rates by 25 basis points last week, but suggested that any future decisions would be "data-dependent." Despite signs of moderation, job growth has remained robust in recent months. The strength has in turn fueled speculation that the Fed may be able to engineer a so-called "soft landing" -- corralling inflation without sparking a meltdown in the broader economy. Friday's figures may provide more clarity on this key question. 4. SEC asked Coinbase to halt all non-Bitcoin trading - FT The U.S. Securities and Exchange Commission requested that Coinbase (NASDAQ:COIN) cease trading in all digital tokens except for Bitcoin prior to filing a lawsuit against the cryptocurrency exchange, according to the Financial Times. In an interview, Coinbase Chief Executive Brian Armstrong told the paper that the SEC "said...we believe every asset other than bitcoin is a security." Armstrong added that the regulators then asked that Coinbase delist all of the more than 200 tokens it offers to customers, apart from Bitcoin. Armstrong refuted the claim, saying that agreeing to the shutdowns "would have essentially meant the end of the crypto industry in the U.S." Instead, he said Coinbase decided to challenge the SEC's assertions in court. The SEC has been angling to gain more control over the crypto industry, with Chair Gary Gensler arguing that most cryptocurrencies qualify as securities, or tradeable financial assets. Coinbase was sued by the SEC last month for failing to register as a broker. Should the SEC win this case, it could set a precedent for the power regulators in the U.S. have over crypto businesses and potentially lead to more stringent compliance rules. For its part, the SEC told the FT that its enforcement division did not make formal requests for "companies to delist crypto assets." It also declined to comment on what the delisting would mean for the crypto industry. 5. Walmart boosts Flipkart stake - WSJ Retail giant Walmart (NYSE:WMT) has further cemented its interest in Flipkart through a $1.4 billion purchase of shares from a major investor in the Indian e-commerce group, according to the Wall Street Journal. Walmart bought New York-based hedge fund Tiger Global's remaining shares in Flipkart, the paper reported, citing a letter sent by Tiger to its investors. The transaction valued Flipkart at $35B, down from the almost $38B attached by Tiger to the company in 2021. Meanwhile, Walmart also bought out private equity firm Accel's remaining 1% stake in Flipkart, the Economic Times newspaper reported, although the size of the purchase was unknown. The moves boost Walmart's exposure to Flipkart at a time when the Arkansas-based company is looking to expand its presence in the digital commerce space. Walmart paid $16B more than five years ago for an initial 77% stake in Flipkart, a wide-ranging business catering to more than 450 million customers. Related Articles Amazon and Apple earnings ahead, U.S. jobs report looms -- what's moving markets Analysis-Dwindling excess savings could scupper markets' soft-landing hopes Canada's Trudeau sets sights on fourth election fight with Cabinet refresh... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['New blockchain use cases are showcasing the technology’s potential to disrupt industries, even as the extended cryptocurrency bear market continues to bite. From non-fungible tokens (NFT) tickets and wing sponsorships to digital art exhibitions, this weekend’s Singapore Grand Prix will showcase the best of a new wave of crypto innovations.\nCrowds flock from around the world to watch the night race around the iconic Marina Bay Circuit. The race was attended by302,000 spectatorsin 2022 and the sport boasts a global fan base many times larger, with each race attracting an average worldwide TV audience of70 million.\nThis makes Formula One a shop window for brands and ideas, particularly those at the forefront of innovation. A host of events take place in Singapore to coincide with the race, including this week’sTOKEN2049conference, and Affyn’sWeb3.0 \| Art Meets Metaverseevent on September 16. The vibe is more about innovation than speculation.It’s a marked change from the heady days of 2021 when crypto exchanges signed dozens of high-profile, multi-million dollar sponsorship deals with almost every Formula One (F1) team. By the start of the 2022 season, there were16 official crypto team sponsors, in addition to Crypto.com, who became the flagship sponsor of the races themselves.\nWhile not all sponsorship money has dried up, these new innovations reflect an industry and a sport that has reached a greater level of maturity, focusing on products with tangible use cases rather than dangling the promise of instant riches in front of its fans.\n“The FTX crash has brought the crypto industry back to the ground, making it like every other industry on the planet that has to demonstrate fundamentals to attract money,” said Thomas Vartanian, executive director at the Financial Technology & Cybersecurity Center, a non-profit policy advocate based in Virginia, U.S.Honeymoon: the glory days\n“There’s something very special about sports,” said Steven Kalifowitz, chief marketing officer at Crypto.com, a Singapore-based exchange. “It’s a communal experience which has the ability to bring people together even if they aren’t sitting next to each other.”\nCrypto.com wasthe industry’s first companyto take the plunge into F1 sponsorship. Their name can be seen on hoardings around every circuit on the Grand Prix calendar, as well as on the cars of the Aston Martin Cognizant racing team.\nF1 is by no means the only sport to catch the interest of Kalifowitz — he cited the exchange’s commercial partnerships with the UFC and NBA in the U.S.; Serie A soccer league in Italy, and with the Australian Football League as a measure of the company’s reach. They also sponsored the multi-purpose Crypto.com Arena in Los Angeles, as well as the 2022 FIFA World Cup in Qatar.\nBut there’s something about the relationship with F1 that is special.\nIn many ways the industry and the sport are perfect bedfellows. The fact that the sport puts “technology and innovation at its core” is particularly appealing, Kalifowitz said. He went on to cite F1’s international audience — with 20 races spread over five continents and a wildly popular Netflix show, Drive to Survive — and the fact that they are generally “young and tech-savvy,” as reasons that make it so attractive to crypto sponsors.\nThe average age of Formula One fans is just 32, according to asurveyof 167,000 fans conducted across 180 countries in October 2021. Males accounted for 81.7% of those fans.\nPaul Asencio, chief revenue officer at the Williams F1 team, said that these overlaps make F1 fans the “perfect demographic” for crypto sponsors. \u200b\u200b“F1 fans are 75% more likely to own cryptocurrency than the average sports fan out there.” he said, adding that Williams’ data show that there are over 85 million Formula One fans who are also crypto investors.\nCrypto.com was the first of many. By the 2022 season, every racing team had their own crypto sponsor. Other major exchanges like Binance partnered with Alpineto issue 280,000 fan tokens, while Dubai-headquartered Bybit sponsored the championship-winning Red Bull team in athree-year dealworth US$150 million.\nBut as anyone who has followed crypto knows only too well, the honeymoon did not last.\nRelationship on the rocks\nBut the industry has been “experiencing some headwinds,” said Crypto.com’s Kalifowitz.\nThis is putting it mildly. As with so much else in the industry, the problems began with the bear market of 2022. The collapse of the FTX exchange, which was hit by a liquidity crisis and subsequently forced to file for bankruptcy with an US$8 billion black hole in its finances, left one team in particular in hot water.\nThe Mercedes-AMG team is the New York Yankees or the Manchester United of F1. They were sought by FTX as a blue-chip sponsor, a partnership designed to give both brands credibility. The sudden collapse of the exchange caught Mercedes by surprise; they quickly removed the FTX logo from their cars and scrapped their multi-year deal with the exchange.\nMercedes did not respond to comments for this article. At the time of the partnership collapse, Mercedes team boss Toto Wolfftold Motorsport.comthat, despite “strongly believing in blockchain as a way of transactions in the future,” the collapse of FTX had left him in “utter disbelief.”\n“We considered FTX because they were one of the most credible and solid, financially sound partners that were out there. And out of nowhere, you can see that a crypto company can basically be on its knees and gone in one week,” he said.\nWe considered FTX because they were one of the most credible and solid, financially sound partners that were out there. And out of nowhere, you can see that a crypto company can basically be on its knees and gone in one week\nThe sudden collapse saw many teams reviewing their ties with the industry. Mercedes was soon joined by Alpha Tauri and Ferrari in shedding their crypto sponsors, with the Italian teamcutting its commercial tieswith blockchain company Velas in January 2023, leaving them with an estimated shortfall of US$30 million this year alone.\nThe surviving exchanges continue to strike a reassuring tone. “Trust in our brand is very high,” maintains Kalifowitz at Crypto.com. “Our balance sheet is strong and we remain focussed on building around our core principles of regulation, trust and security.” He added that the exchange “remains fully committed to its sports partnerships, many of which are long-term deals.”\nNot everyone is convinced.\n“FTX and the shakeout that accompanied it, along with the bear market, should naturally cause corporations to reevaluate their marketing and sponsorships. That shouldn’t be a surprise,” said Vartanian of the Virginia-based non-profit. He added that an additional question is one of “liability for endorsement of products that blow up,” as with the case of FTX and Mercedes.\n“The reputational factor shifts depending on the industry – banks will be more reluctant than barbers\xa0 – but you would have to be living in a cave not to be concerned about the reputational aspects of crypto until this period shakes out,” he added.\nMarriage counseling: repairing reputation\nHowever, one team that did not cut ties was Williams F1, who in March went against the tide andinked a new dealwith the Kraken crypto exchange.\nWilliams-F1’s chief revenue officer Paul Asencio has seen all this before. “I have been doing this for 25 years, starting with the New York Mets in baseball. I’ve been through it more times than I’d like to remember.”\n“It is our job to mitigate that risk as best as possible. But anything can happen to any one of these companies we do business with. At the end of the day, what you need to do is protect yourself as best as possible, and that is doing the right due diligence,” said Ascensio.\nEvident in Williams’ marketing strategy is a search, not merely for the dollars that crypto sponsorship can bring, but also to create a sense of community with their fanbase.\nAt this season’s U.S. Grand Prix in October, Williams’ cars will play host topersonalized NFTs on their rear wings. Fans are invited to submit NFT designs, 20 of which will eventually be chosen and fans allowed to vote for their favorite on Twitter.\nSome might argue that such campaigns are a little gimmicky – could a similar competition not be held without a blockchain? But when asked whether the NFT technology was essential to this venture, Asencio responded that it was “integral” to the kind of brand they’re trying to build with their sponsor. “It was really important to Kraken to have their community be part of this partnership,” he said.\nAsencio said that he sees the relationship as, “not just a standard F1 sponsorship, but truly a marketing partnership together where we’re both going to benefit. This NFT on the rear wing is an excellent example of that. It’s creative, it’s different. Nobody else is doing it.”\nThis drive to utility is something that is being embraced across the sport. In this year’s Monaco Grand Prix in May, the sport’s leading ticket provider, Platinum,used blockchain technologyto offer fans NFT tickets.\nThe idea was taken a step further at the Dutch Grand Prix in late August, where NFT-technology was used to provide fans with a series of interactive digital collectibles as part of their race ticket packages.\nThe use of the word collectibles here is no coincidence. “We very specifically call them collectibles, not NFTs.” said Maarten Bloemers, CEO of GET Protocol, the product’s designer. “I’m a crypto guy, but do I describe myself as such to potential clients? Hell, no. The reputational damage that crypto has suffered is enormous. People are very wary of getting into bed with a crypto company.”\nThe reputational damage that crypto has suffered is enormous. People are very wary of getting into bed with a crypto company\nBloemers’ concerns stem from the fact that NFTs have performed even worse than more well known cryptocurrencie Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,405,608,200 - Hash Rate: 401080908.4727827 - Transaction Count: 611220.0 - Unique Addresses: 854606.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) this summer completed its longest-ever period of negative year-over-year returns,wrote Dan Morehead, founder of crypto investment firm Pantera Capital. It won't last, he argued. "Our view is that we've seen enough," Morehead wrote. "There's just so long markets can be down." As of June 12, Morehead said, the price of bitcoin had been negative on a year-over-year basis for 15 consecutive months (starting Feb. 8, 2022). Prior to this, the longest period had been less than a year (Nov. 14, 2014, to Oct. 31, 2015), he continued. It's notable that bitcoin is, as of Wednesday, up more than 20% year-over-year, even after last week's tumble from the near-$30,000 level. As for possible positive catalysts for a market surely in need of one, Morehead notes that July's positive court ruling on theXRP token for Ripple Labs still stands, as do"endorsements" from BlackRock, Fidelity and other asset managers in the form of their spot bitcoin ETF applications. And don't forget about the upcoming April 2024 halving at which the BTC block reward for mining fresh blocks will be cut in half. Morehead isn't buying the efficient market hypothesis that the halving is so widely known that the its effect has already been reflected in pricing. "If the demand for bitcoins stays constant and the supply of new bitcoins is cut in half, this will force the price up," said Morehead. His models suggest bitcoin bottomed for good late last year, should hit around $35,500 by the April 2024 halving and nearly $150,000 by late 2025. Weak economic data out of Europe early Wednesday sent previously surging interest rates sharply lower, with 10-year government bond yields in Germany, the U.K. and the U.S. all lower by 12 to 20 basis points. U.S. stock indexes are higher, led by the Nasdaq Composite's 1.5% advance. The S&P 500 is ahead by 1%. Bitcoin is up 2% to $26,400, roughly inline with the gain for theCoinDesk Market Index (CMI). The week's main economic event takes place on Friday morning, where U.S. Federal Reserve Chairman Jay Powell will deliver the keynote speech at the Kansas City Fed's Jackson Hole Symposium. While the Jackson Hole speech in the past has occasionally been a forum for important policy announcements, the betting this time around is that Powell delivers a status quo message – that the Fed remains focused on containing inflation and will be data dependent going forward on decisions about whether to further tighten monetary policy.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but stayed above its US$1,600 support level. Most other top 10 non-stablecoin cryptocurrencies dropped, with Toncoin leading the losers with a slide of over 4%. Bankrupt crypto exchange FTXreceivedcourt approval last week to sell its crypto holdings of around US$3.4 billion, which could add to the selling pressure in the crypto market — especially altcoins — for the rest of the year. U.S. stock futures edged up as investors await the Federal Reserve’s interest rate decision this week. Wall Street closed lower on Friday, as mixed economic data in the U.S. moderated the investor’s risk appetite.\nBitcoin edged down 0.18% in the last 24 hours to US$26,492.52 as of 07:30 a.m. in Hong Kong and went up 2.60% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency reached US$26,840.50 on Friday, the highest price since August 17.\nEther dipped 0.87% to US$1,619.94 and traded flat for the week with a 0.18% uptick.\nMost other top 10 non-stablecoin cryptocurrencies booked losses in the past 24 hours. Binance’s BNB token was the only exception, rising 0.66% to US$216.23 while adding 1.80% for the week.\nDespite the uptick in BNB prices, the world’s largest crypto exchange faces mounting regulatorychallenges. The firm’s U.S. affiliate Binance.US has laid off one-third of its staff and saw its Chief Executive Officer Brian Shroder leave the company last week, citing the U.S. Securities and Exchange Commission’s (SEC) “aggressive attempts to cripple” the crypto industry. The exchange also lost its legal and risk executives last week, according to theWall Street Journal.\nThe crypto market is facing pressure from the liquidation of FTX, which plans to sell its US$3.4 billion worth of crypto assets by the end of 2023. The bankrupt exchange’s top three crypto holdings are Solana (US$1.162 million), Bitcoin (US$560 million) and Ether (US$192 million).\nFTX said it will gradually sell the holdings with a US$100 million weekly cap to avoid a negative impact on crypto prices, but this limit could expand to US$200 million upon approval from two committees representing FTX customers.\n“Sales of this size are destined to have an impact,”wroteblockchain research firm K33 on Friday. “Especially altcoins with limited liquidity are exposed, making it vital for altcoin traders to maintain comprehensive oversight of FTX’s holdings.”\nThe ongoing Bitcoin and Ether exchange-traded fund (ETF) applications in the U.S. could also be contributing to the underperformance of altcoins, said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\n“This is probably led by investors betting on ETFs becoming a thing -at some point in the future — and not wanting to miss out. Conversely, altcoins that are still at risk of being labelled as ‘securities’ aren’t benefitting from the same enthusiasm,” said d’Anethan.\nThe total crypto market capitalization dipped 0.73% in the past 24 hours to US$1.05 trillion, while trading volume dropped 12.08% to US$17.53 billion.\nU.S. stock futures moved up as of 09:30 a.m. in Hong Kong, after Wall Street closed lower on Friday, with Nasdaq Composite leading the losers with a 1.56% slide. The three major U.S. indexes closed the week mixed, with the S&P 500 and Nasdaq booking losses while the Dow Jones Industrial Average edging up 0.12%.\nMost main stock indexes in Asia went lower on Monday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng and South Korea’s Kospi all logged losses, while Japan’s stock market is closed due to a public holiday and will return on Tuesday.\nWall Street’s Friday slide was spearheaded by major tech corporations including Nvidia Corp., Meta Platforms Corp. and Adobe Inc., which all closed the day over 3.5% lower.\nTechnology’s’ slide coincided with a Reutersreporton Friday stating that TSMC, a Taiwan-based semiconductor manufacturer that provides chips to companies like Apple, had told its suppliers to delay delivery of high-end chip-making equipment due to concerns over customer demand.\nMeanwhile, the U.S. economic data on Friday sent mixed messages to the market. The U.S.industrial productionrose 0.4% by month in August. Although the reading was held back by a 5% drop in the output of motor vehicles and parts, it still beat the analysts’ expectation of0.1%.\nThe rebound in industrial production followed the August consumer price index (CPI)releaselast week that showed the core CPI — the Fed’s favored inflation gauge — logged its smallest annual increase since September 2021.\n“We really continue to see that growth resilience story, and I think that’s difficult for the market simply because there’s concern about what that could mean both for rates and inflation,” Lisa Erickson, head of public markets at U.S. Bank Wealth Management in Minneapolis, toldReuterson Saturday.\nTheCME FedWatch Toolpredicts a 99% chance the central bank will maintain the current rate unchanged in its meeting on Sept. 20, which is currently in the range between 5.25% and 5.50%. It gives a 73% chance for another pause in November, up from 63% on Friday.\n“If the Fed leaves interest rates unchanged, it is likely to have a positive impact on higher-risk assets such as cryptocurrencies. Steady interest rates can be indicators of stability, which could encourage investors to seek alternative assets like cryptocurrencies,” said John Stefanidis, chief executive officer and co-founder of blockchain infrastructure decentralized organization Balthazar DAO.\nWith most analysts expecting a pause of rate hike in September, all eyes are now on Fed Chair Jerome Powell’s remark that will come with the rate hike decision on Wednesday.\n“With last week’s higher-than-expected inflation data and the ongoing rise in oil prices, Fed\nChair Powell could communicate a relatively hawkish message. However, based on our analysis, we would not expect the market to buy into this for much longer as the inflation trend is still lower,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, said in an emailed report.\nElsewhere, China’s industrial production and retail salesloggedan annual increase of 4.5% and 4.6% in August, both accelerating from the previous month and beating the analysts’ expectations.\n“Perhaps the peak pessimism is behind us,” Ding Shuang, chief economist for greater China and North Asia at Standard Chartered Plc., toldBloombergon Friday. “August’s data indicates that the economy is unlikely to suffer from a persisting, deeper downturn going forward even though there might still be some volatility ahead — especially if we take into account the policy factor.”\n(Updates with equity section.)', 'Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but stayed above its US$1,600 support level. Most other top 10 non-stablecoin cryptocurrencies dropped, with Toncoin leading the losers with a slide of over 4%. Bankrupt crypto exchange FTXreceivedcourt approval last week to sell its crypto holdings of around US$3.4 billion, which could add to the selling pressure in the crypto market — especially altcoins — for the rest of the year. U.S. stock futures edged up as investors await the Federal Reserve’s interest rate decision this week. Wall Street closed lower on Friday, as mixed economic data in the U.S. moderated the investor’s risk appetite.\nBitcoin edged down 0.18% in the last 24 hours to US$26,492.52 as of 07:30 a.m. in Hong Kong and went up 2.60% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency reached US$26,840.50 on Friday, the highest price since August 17.\nEther dipped 0.87% to US$1,619.94 and traded flat for the week with a 0.18% uptick.\nMost other top 10 non-stablecoin cryptocurrencies booked losses in the past 24 hours. Binance’s BNB token was the only exception, rising 0.66% to US$216.23 while adding 1.80% for the week.\nDespite the uptick in BNB prices, the world’s largest crypto exchange faces mounting regulatorychallenges. The firm’s U.S. affiliate Binance.US has laid off one-third of its staff and saw its Chief Executive Officer Brian Shroder leave the company last week, citing the U.S. Securities and Exchange Commission’s (SEC) “aggressive attempts to cripple” the crypto industry. The exchange also lost its legal and risk executives last week, according to theWall Street Journal.\nThe crypto market is facing pressure from the liquidation of FTX, which plans to sell its US$3.4 billion worth of crypto assets by the end of 2023. The bankrupt exchange’s top three crypto holdings are Solana (US$1.162 million), Bitcoin (US$560 million) and Ether (US$192 million).\nFTX said it will gradually sell the holdings with a US$100 million weekly cap to avoid a negative impact on crypto prices, but this limit could expand to US$200 million upon approval from two committees representing FTX customers.\n“Sales of this size are destined to have an impact,”wroteblockchain research firm K33 on Friday. “Especially altcoins with limited liquidity are exposed, making it vital for altcoin traders to maintain comprehensive oversight of FTX’s holdings.”\nThe ongoing Bitcoin and Ether exchange-traded fund (ETF) applications in the U.S. could also be contributing to the underperformance of altcoins, said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\n“This is probably led by investors betting on ETFs becoming a thing -at some point in the future — and not wanting to miss out. Conversely, altcoins that are still at risk of being labelled as ‘securities’ aren’t benefitting from the same enthusiasm,” said d’Anethan.\nThe total crypto market capitalization dipped 0.73% in the past 24 hours to US$1.05 trillion, while trading volume dropped 12.08% to US$17.53 billion.\nU.S. stock futures moved up as of 09 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,926,708,312 - Hash Rate: 419923635.7164705 - Transaction Count: 635845.0 - Unique Addresses: 852484.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Good morning. Here’s what’s happening: Prices:Bitcoin slogs below $30K while LINK soars. Other major cryptos spend their day in negative territory. Insights:Bitcoin's Fear and Greed Index reflects a market that hasn't been going anywhere fast for the better part of six weeks. CoinDesk Market Index (CMI) 1,258 −0.9▼0.1% Bitcoin (BTC) $29,809 −101.1▼0.3% Ethereum (ETH) $1,892 +2.9▲0.2% S&P 500 4,534.87 −30.9▼0.7% Gold $1,975 −3.0▼0.2% Nikkei 225 32,490.52 −405.5▼1.2% BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) [["1,258", "\u22120.9\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,809", "\u2212101.1\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,892", "+2.9\u25b20.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,534.87", "\u221230.9\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,975", "\u22123.0\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,490.52", "\u2212405.5\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}] Markets Remain Sluggish, but Not LINK A tumbling tech sector and rising dollar on Thursday kept crypto investors in their recent, rangebound trance. Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $29,809, down slightly over the past 24 hours. At one point during the day, BTC dipped perilously near a one-month low set earlier this week near $29,500. More than five weeks after spiking following multiple spot bitcoin ETF filings, bitcoin has been unable to escape the $30,000 to $31,000 range – at least for long. “There’s a lot of bearish sentiment on Crypto Twitter about this pullback, but I think the factors behind it are pretty simple," Anthony Georgiades, co-founder of NFT and Web3 blockchain Pastel Network, wrote in an email to CoinDesk. Georgiades noted that the tech sell-off that was at least partly spurred by comments from Tesla founder Elon Musk that the electric car maker might have to reduce prices, and the strengthening dollar, had weighed on "bitcoin and the broader crypto market." Ether, the second largest crypto in market value, was recently changing hands at $1,892, up a smidgen from Wednesday, same time. Most other major cryptos by market cap spent Thursday slogging into the red with XRP losing some of its big gains from the day before to trade below 80 cents – recently off more than 4%, and ADA and SOL, the tokens of smart contract platforms Cardano and Solana, down nearly as much. The big exception was LINK, the native currency of the Chainlink software platform that connects blockchains with external data. It recently soared by more than 20% to trade above $8 after whales acquired more than $6 million of the token, an apparent reaction to Chainlink's release of an interoperability protocol. Read More:Chainlink's Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live TheCoinDesk Market Index, a measure of crypto markets performance was recently down 0.1%. Equity markets were mixed with the Dow Jones Industrial Average continuing a recent winning streak but the Nasdaq plummeting more than 2% on the Tesla news and soft earnings by streaming service Netflix. In a note to CoinDesk, Mark Connors, head of research at Canadian digital asset manager 3iQ, also highlighted missed results by Taiwan Semiconductor, which put "an extra hit on AI stocks." The dollar index tipped downward to continue a recent trend. Still, Pastel Network's Georgiades was cautiously upbeat about crypto markets. "The underlying sentiment hasn’t changed much since yesterday or the preceding days," he wrote. I know the permabears have been calling for a major selloff, but it seems less likely that this is in the cards. He added: "Monetary conditions are likely to loosen here soon, and that will help serve as a catalyst for risk-on assets.” [{"Asset": "Gala", "Ticker": "GALA", "Returns": "+2.4%", "DACS Sector": "Entertainment"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+0.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}] [{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\u221217.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\u22126.6%", "DACS Sector": "Currency"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\u22126.2%", "DACS Sector": "Smart Contract Platform"}] Fear and Greed Turns Neutral TheBitcoin Fear and Greed Indexhas fallen into neutral territory, indicating that investor sentiment for the asset has cooled recently. The metric, derived byAlternative.me, gauges investor sentiment across five distinct factors, and distills them into one number ranging from 0-100. Readings close to 0 indicate extreme fear, while readings closer to 100 indicate extreme greed. Often, extreme fear coincides with buying opportunities, as investors are likely behaving too cautiously. Extreme greed can coincide with a market that is overheated. The most recent reading indicates a market that is in flux, with neither bulls or bears willing to take a strong stance in either direction. All told, the reading adds evidence that BTC is poised to trade in a range for the foreseeable future. This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy. ETHGlobal Paris (France) 2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Retail Sales (MoM/June) 8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/May) In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: SEC's Gensler Grilled by Lawmakers; Spot Bitcoin ETFs Could Bring $30B in New Demand: NYDIG Bitcoin spot-based ETFs could bring $30 billion in new demand for the world’s largest digital asset, according to NYDIG. Howard Fischer, Moses Singer partner and former SEC senior trial counsel shared his outlook on crypto regulation in the U.S. as SEC chair Gary Gensler faces questioning from lawmakers. Futureverse founder Aaron McDonald discussed his metaverse startup's latest funding round. And,StockCharts.com's Julius de Kempenaer shared his crypto markets analysis. Coinbase to Wind Down Lending Program Over Coming Months:The exchange is requiring Coinbase Borrow customers with outstanding loan balances to pay them back by November 20. Tokenized: This Week in Real-World Assets:A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain. Macro State of Crypto – Where It Has Been and What's Next:Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds. Chainlink’s LINK Climbs as Whales Add to Holdings Following Protocol Release:The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Tuesday morning in Asia to around US$26,700, after briefly breaching the US$27,000 resistance level on Monday evening. Ether also logged gains but remained below US$1,650. Most other top 10 non-stablecoin cryptocurrencies moved higher in the past 24 hours, with Toncoin leading the winners with a jump of more than 5%. The rally coincided with a rebound in crypto trading activities and expectations that the Federal Reserve will pause its interest rate hikes this week. U.S. stock futures traded flat after Wall Street closed near the flatline on Monday.\nBitcoin rose 1.11% in the last 24 hours to US$26,778.93 as of 07:30 a.m. in Hong Kong and added 6.62% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency surged on Monday evening to reach US$27,414.73 — the highest price since August 31, but soon retreated to below US$27,000.\nThe sudden rally in Bitcoin caught some investors off-guard, who had liquidated over US$44 million in Bitcoin positions in the past 24 hours, with over US$31 million of them in short positions, according toCoinglassdata.\n“Market activity seems to be growing again, after an abrupt decrease during summer months,” Matteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, said in an emailed note.\nThe cumulative daily volume on centralized exchanges from Sept. 10 to Sept. 17 reached US$11.3 billion, marking a 19% increase from the 7 days before, noted Greco.\n“With the end of summer and the resumption of normal trading activity, the market is likely to see increased volatility again, after BTC reached the minimum volatility levels ever recorded on a 30-day basis during the first two weeks of August,” Greco said.\nAlong with Bitcoin, Ether rose 1.20% to US$1,638.41 and moved up 5.90% for the week. The second top cryptocurrency reached US$1,667.93 on Monday evening, which was also the highest price since August 31.\n“Beyond the macro tilt that left risk assets little changed, yesterday, it seems that BTC and ETH continue to outperform relative to altcoins,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nOn the regulatory front in the U.S., the New York State Department of Financial Services (NYDFS) on Mondayproposedan updated guideline for crypto exchanges, which includes more strict rules on listing and delisting cryptocurrencies, cutting the list ofpre-approved cryptosfrom two dozen to only Bitcoin and Ether as well as six stablecoins.\n“This probably pushed investors to rotate into safer assets within the crypto space,” said d’Anethan.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours. Toncoin spearheaded the winners, which surged 5.03% to US$2.41. The native token of the TON Network has jumped 46.96% in the past seven days.\nToncoin received a boost last week from a Thursdayannouncementthat messaging app giant Telegram had partnered with TON to provide a self-custodial digital wallet — TON Space — that is available to the 800 million Telegram users.\n“It’s heartwarming to see social platforms gear up to more crypto functionality and one can’t help but assume that X (formerly Twitter) will be doing something similar and then, if that happens, that most social media platforms will need to follow suit,” said d’Anethan.\nBinance’s BNB was the only top 10 token logging a 24-hour loss, which dipped 0.12% to US$216.04 and was still trading 5.03% higher for the week. The world’s largest crypto exchange is facing mountingregulatory challengesin the U.S., with the chief executive officer of Binance U.S. leaving the firm last week.\nThe total crypto market capitalization gained 1.24% in the past 24 hours to US$1.07 trillion, while trading volume surged 76.96% to US$31.02 billion.\nU.S. stock futures edged higher as of 09:00 a.m. in Hong Kong. Wall Street closed flat on Monday, with all three major U.S. indexes logging gains within 0.07%.\nMost main stock indexes in Asia went lower on Tuesday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi all logged losses.\nInvestors are now waiting for the Federal Reserve’s Wednesday decision on interest rates, which are now between 5.25% and 5.50% — the highest level in the past 22 years.\nTheCME FedWatch Toolpredicts a 99% chance the central bank will maintain the current rate unchanged in its meeting on Sept. 20. It gives a 71% chance for another pause in November, down from 73% on Monday.\n“The meeting is consequently expected to have no impact on the (crypto) market, investors have already priced in with certainty that rates remain on hold,” said Greco at Fineqia International.\nAll eyes are now on the Fed Chair Jerome Powell’s remark that will accompany the interest rate decision on Wednesday, which could provide further insights into the central bank’s future monetary policies.\n“We think the Fed will take a ‘hawkish pause’ this week and the futures market will reprice a higher probability for another rate hike before year end,” Megan Horneman, chief investment officer at Verdence Capital Advisors, toldBloombergon Tuesday. “Unfortunately, inflation is very easy to reignite especially if energy prices begin to filter into broad prices. Therefore, we think the Fed will need to insinuate they may not be done raising rates.”\nThe global oil benchmark Brent crude futures traded right below US$95 on Tuesday morning, which gained over 30% in the past three months. The price surge was fueled by Saudi Arabia and Russiaannouncingearlier this month that they would extend a combined oil supply cut of 1.3 million barrels per day to the end of the year.\nMeanwhile in China, at a Monday symposium attended by representatives from foreign companies including JPMorgan Chase & Co. and Tesla Inc., People’s Bank of China Governor Pan Gongsheng vowed to consider more measures to stabilize foreign investment and trade, according toBloombergon Monday.\nThe move came amid tensions between Washington and Beijing, with some Chinese government agencies in September reportedlyrestrictingtheir staff from bringing Apple iPhones to offices.\n(Updates with equity section.)', 'Bitcoin rose on Tuesday morning in Asia to around US$26,700, after briefly breaching the US$27,000 resistance level on Monday evening. Ether also logged gains but remained below US$1,650. Most other top 10 non-stablecoin cryptocurrencies moved higher in the past 24 hours, with Toncoin leading the winners with a jump of more than 5%. The rally coincided with a rebound in crypto trading activities and expectations that the Federal Reserve will pause its interest rate hikes this week. U.S. stock futures traded flat after Wall Street closed near the flatline on Monday.\nBitcoin rose 1.11% in the last 24 hours to US$26,778.93 as of 07:30 a.m. in Hong Kong and added 6.62% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency surged on Monday evening to reach US$27,414.73 — the highest price since August 31, but soon retreated to below US$27,000.\nThe sudden rally in Bitcoin caught some investors off-guard, who had liquidated over US$44 million in Bitcoin positions in the past 24 hours, with over US$31 million of them in short positions, according toCoinglassdata.\n“Market activity seems to be growing again, after an abrupt decrease during summer months,” Matteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, said in an emailed note.\nThe cumulative daily volume on centralized exchanges from Sept. 10 to Sept. 17 reached US$11.3 billion, marking a 19% increase from the 7 days before, noted Greco.\n“With the end of summer and the resumption of normal trading activity, the market is likely to see increased volatility again, after BTC reached the minimum volatility levels ever recorded on a 30-day basis during the first two weeks of August,” Greco said.\nAlong with Bitcoin, Ether rose 1.20% to US$1,638.41 and moved up 5.90% for the week. The second top cryptocurrency reached US$1,667.93 on Monday evening, which was also the highest price since August 31.\n“Beyond the macro tilt that left risk assets little changed, yesterday, it seems that BTC and ETH continue to outperform relative to altcoins,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nOn the regulatory front in the U.S., the New York State Department of Financial Services (NYDFS) on Mondayproposedan updated guideline for crypto exchanges, which includes more strict rules on listing and delisting cryptocurrencies, cutting the list ofpre-approved cryptosfrom two dozen to only Bitcoin and Ether as well as six stablecoins.\n“This probably pushed investors to rotate into safer assets within the crypto space,” said d’Anethan.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours. Toncoin spearheaded the winners, which surged 5.03% to US$2.41. The native token of the TON Network has jumped 46.96% in the past seven days.\nToncoin received a boost last week from a Thursdayannouncementthat messaging app giant Telegram had partnered with TON to provide a self-custodial digital wallet — TON Space — that is available to the 800 million Telegram users.\n“It’s heartwarming to see social platforms gear up to more crypto functionality and one can’t help but assume that X (formerly Twitter) will be doing something similar and then, if that happens, that most social media platforms will need to follow suit,” said d’Anethan.\nBinance’s BNB was the only top 10 token logging a 24-hour loss, which dipped 0.12% to US$216.04 and was still trading 5.03% higher for the week. The world’s largest crypto exchange is facing mountingregulatory challengesin the U.S., with the chief executive officer of Binance U.S. leaving the firm last week.\nThe total crypto market capitalization gained 1.24% in the pa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $522,090,920,725 - Hash Rate: 385677556.7313763 - Transaction Count: 493887.0 - Unique Addresses: 741822.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Coinbase's crypto trading revenue dropped in the second quarter as regulators turned up the legal pressure on the largest US cryptocurrency exchange, leading to a net loss that widened from the first quarter. The slowdown in a key moneymaker for Coinbase (COIN) came as the exchange squared off with the Securities and Exchange Commission, which sued the exchange in June. A key client, giant money manager BlackRock, is also awaiting approval from the same agency to list a spot bitcoin ETF. Fees earned from customers trading crypto on the Coinbase platform fell by 13% from last quarter and 50% from a year ago to $327 million, the lowest such sales since the end of last year. That led to a $97 million net loss, slightly higher than the first quarter. It was still better than expected and much smaller than the billion-dollar hit the exchange took during a rough second quarter last year. Its revenues were also better than expected. The company said it has brought down expenses by 50% since last year, including letting go 30% of staff over the past year. "These last few quarters have been challenging and invigorating alike," Coinbase told shareholders in a letter it released Thursday. "But by strengthening our financial health we are well positioned to generate the resources we need to keep investing as we build the future of crypto and help drive regulatory clarity to update the financial system." The stock of Coinbase was up more than 2% in after-hours trading as of 5:15 p.m. ET following the release of its results. Bitcoin hangs above $29,200, up slightly for the past 24 hours. The decline in Coinbase's trading came during a three-month period of low activity and heightened US regulatory uncertainty. That legal action from the SEC has not to date hurt Coinbase's stock performance, however. The SEC is accusing the company of operating an unregistered exchange, broker dealer, and clearing agency by offering certain crypto tokens the agency has claimed are securities. Coinbase disagrees. "It's actually not really a regulatory issue. It's a political one. It's a battle of political will and political power amongst the federal regulators, which is not doing anybody in the US any good," CEO Brian Armstrong said Wednesday during a regulation discussion over Twitter. "We will not allow American leadership here to be destroyed by a few outliers in our government painting outside the bounds of the law," Armstrong said during Thursday's earnings call. Chief legal officer Paul Grewal said during the call that lawyers for Coinbase plan to introduce an order Friday to dismiss its case with the SEC entirely. Grewal said Coinbase expects the order to be "fully submitted and taken under consideration" by the end of October. BlackRock (BLK) and other asset managers are also seeking approval from the SEC to list a spot bitcoin ETF. All of the applications include a market-sharing agreement that names Coinbase as a key infrastructure partner. When BlackRock filed its application in the middle of June, Coinbase's stock began rising. Year to date as of Thursday's close, it's up over 156%, though it remains 73% below where it began trading after its April 2021 IPO. The company is also expanding internationally with plans for crypto derivatives exchange for non-US investors as well as further developing its Layer 2 blockchain, Base. The major silver lining for Coinbase in the second quarter came from non-trading revenue. Coinbase reported a better-than-expected $335 million from subscriptions and services. The amount is 137% higher than the revenue stream from a year ago, contributing to more of total revenue than trading fees for the first time. "A big focus for us over the next year is how we're going to be driving utility in crypto that goes beyond just trading," Armstrong added. Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Brigid Riley\nTOKYO, Sept 20 (Reuters) - The dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day.\nThe U.S. dollar index, which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed\'s rate decision.\nMarkets expect the Fed will almost certainly keep rates on hold at 5.25% to 5.50%, putting the focus on the central bank\'s forward guidance.\nFutures markets are pricing in a 30% likelihood of a quarter-point increase in November or 40% chance it will be in December, according to CME FedWatch tool.\n"We expect the FOMC to retain its forecast of one extra 25 hike by year-end, though it will not follow through with it in our view," said Carol Kong, economist and currency strategist at the Commonwealth Bank of Australia.\nDollar/yen could see some upside pressure after a hawkish FOMC meeting, she added.\nThe yen last sat nearly 0.1% higher at 147.77 versus the greenback, off Tuesday\'s low of 147.92 though hovering near the 10-month trough against the dollar ahead of the FOMC announcement.\nSpeculation increased about a possible sooner-than-expected exit from the Bank of Japan\'s ultra-loose policy, but the central bank will most likely keep interest rates ultra-low on Friday and reassure markets that monetary stimulus will stay for the time being amid economic uncertainty.\nJapan\'s top financial diplomat, Masato Kanda, reiterated warnings on Wednesday, saying Japanese authorities are always in close communication on currencies with U.S. and overseas policymakers while keeping a close watch on market moves with a "high sense of urgency".\nMeanwhile, the Australian dollar, a proxy for China growth, rose almost 0.1%, holding onto gains after minutes of the Reserve Bank of Australia\'s latest policy meeting signalled more interest rate increases to come.\nThe New Zealand dollar ticked up over 0.2% against the dollar near $0.5950.\nThe euro and sterling stood mostly unchanged in the Asian morning, at $1.0680 and $1.2391 respectively.\nMarket eyes will be on UK CPI released on Wednesday, the last bit of inflation data to squeeze in before the Bank of England makes their rate decision on Thursday.\nIn cryptocurrencies, bitcoin BTC=BTSP hovered around $27,210, after touching a three-week high on Tuesday.\n(Reporting by Brigid Riley. Editing by Gerry Doyle)', 'By Brigid Riley TOKYO, Sept 20 (Reuters) - The dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day. The U.S. dollar index, which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed\'s rate decision. Markets expect the Fed will almost certainly keep rates on hold at 5.25% to 5.50%, putting the focus on the central bank\'s forward guidance. Futures markets are pricing in a 30% likelihood of a quarter-point increase in November or 40% chance it will be in December, according to CME FedWatch tool. "We expect the FOMC to retain its forecast of one extra 25 hike by year-end, though it will not follow through with it in our view," said Carol Kong, economist and currency strategist at the Commonwealth Bank of Australia. Dollar/yen could see some upside pressure after a hawkish FOMC meeting, she added. The yen last sat nearly 0.1% higher at 147.77 versus the greenback, off Tuesday\'s low of 147.92 though hovering near the 10-month trough against the dollar ahead of the FOMC announcement. Speculation increased about a possible sooner-than-expected exit from the Bank of Japan\'s ultra-loose policy, but the central bank will most likely keep interest rates ultra-low on Friday and reassure markets that monetary stimulus will stay for the time being amid economic uncertainty. Japan\'s top financial diplomat, Masato Kanda, reiterated warnings on Wednesday, saying Japanese authorities are always in close communication on currencies with U.S. and overseas policymakers while keeping a close watch on market moves with a "high sense of urgency". Meanwhile, the Australian dollar, a proxy for China growth, rose almost 0.1%, holding onto gains after minutes of the Reserve Bank of Australia\'s latest policy meeting signalled more interest rate increases to come. Story continues The New Zealand dollar ticked up over 0.2% against the dollar near $0.5950. The euro and sterling stood mostly unchanged in the Asian morning, at $1.0680 and $1.2391 respectively. Market eyes will be on UK CPI released on Wednesday, the last bit of inflation data to squeeze in before the Bank of England makes their rate decision on Thursday. In cryptocurrencies, bitcoin BTC=BTSP hovered around $27,210, after touching a three-week high on Tuesday. (Reporting by Brigid Riley. Editing by Gerry Doyle)', 'Bitcoin rose on Wednesday morning in Asia to trade above US$27,200, after reaching over US$27,400 earlier in the day. Ether remained flat at around US$1,640. All other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours, with Toncoin spearheading the rally with an over 7% increase. The crypto market received a boost from Japan’s leading investment bank Nomura, which announced a Bitcoin-based fund for institutional investors on Tuesday. U.S. stock futures traded flat, after Wall Street closed lower on Tuesday ahead of the U.S. Federal Reserve’s interest rate decision. Bitcoin rose above US$27,400; Nomura unveiled Bitcoin fund Bitcoin rose 1.75% in the last 24 hours to US$27,214.15 as of 07:30 a.m. in Hong Kong and moved up 5.11% for the week, according to CoinMarketCap data. The world’s largest cryptocurrency rallied early Wednesday morning to reach US$27,488.76 — the highest price since Aug. 31, but soon retreated. Laser Digital, a digital asset subsidiary of Japan’s Nomura Holdings, announced on Tuesday the launch of its Bitcoin Adoption Fund, which aims to provide “a seamless way for institutional investors to access the digital asset class.” Nomura, which held around US$500 billion in assets under management, is Japan’s largest investment bank. The recently launched Bitcoin-related fund is the first in a range of digital adoption investment solutions that Laser Digital Asset Management will bring to the market. “Technology is a key driver of global economic growth and is transforming a large part of the economy from analog to digital. Bitcoin is one of the enablers of this long-lasting transformational change and long-term exposure to Bitcoin offers a solution to investors to capture this macro trend,” Sebastien Guglietta, head of Laser Digital Asset Management, said in the announcement. Meanwhile, as the equity market awaits the U.S. Fed’s interest rate decision on Wednesday, some expect the event to have a limited impact on the crypto market. Story continues “While markets may become volatile during and after the meeting, any sustained directional effect is doubtful. In the current environment, making trading decisions based on macroeconomic data is less helpful due to Bitcoin’s reduced correlation with traditional assets,” wrote blockchain research firm K33 Research on Tuesday. K33 also highlighted a slide in Bitcoin trading activities on the world’s leading crypto exchange Binance. Binance’s seven-day average Bitcoin spot volume had plunged 57% since the start of September, along with the crypto exchange’s intensifying regulatory challenges in the U.S. Ether edged up 0.42% to US$1,643.57 and added 2.96% for the week. The second top cryptocurrency reached a 20-day high of US$1,659.53 on early Wednesday morning. All other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours. Toncoin continued leading the winners, which jumped 7.24% to US$2.58. The native token of the TON Network has surged 41.07% for the week. The total crypto market capitalization gained 1.32% in the past 24 hours to US$1.08 trillion, while trading volume dropped 12.12% to US$27.29 billion. Equities tread water ahead of Fed interest rate decision Image: Getty Images U.S. stock futures traded flat on Wednesday morning in Asia, with all three major U.S. index futures edging lower as of 09:30 a.m. in Hong Kong. Wall Street closed lower on Tuesday, with the Dow Jones Industrial Average leading the losers with a 0.31% drop. Main stock indexes in Asia were mixed on Wednesday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng and Japan’s Nikkei 225 logged losses, while South Korea’s Kospi went higher. All eyes are now on the Federal Reserve’s Wednesday decision on interest rates, which are now between 5.25% and 5.50% — the highest level since early 2001. It is all but certain that the Fed will keep interest rates unchanged in September, as the CME FedWatch Tool predicts a 99% chance of no interest rate hike on Wednesday. However, factors like the rising oil price could make the U.S. central bank take a more hawkish stance in its future monetary policies, as the benchmark Brent crude futures touched a 10-month high of US95.96 per barrel on Tuesday. “The risks for headline inflation to heat up over the next couple of months are rising and that should complicate what the Fed does,” Ed Moya, senior market analyst at the U.S.-based forex broker OANDA, told Bloomberg on Tuesday. “If core inflation shows it is struggling to continue to drop, the higher-for-longer rate regime will last a lot longer than the market is pricing in,” said Moya. The Fed will also release its Summary Economic Projections on Wednesday, including a dot plot that will provide further insights into the central bank’s projections for future economic growth, inflation and interest rates. “What’s being priced into the market is a pause (of interest rate hike) but increased risk that rates will stay higher for longer,” Michael Green, chief strategist at the U.S.-based investment advisor Simplify Asset Management, told Reuters on Wed Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $530,045,392,425 - Hash Rate: 414558853.7494199 - Transaction Count: 551783.0 - Unique Addresses: 823616.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • US stocks rose higher as traders waited for Powell's speech at Jackson Hole. • Last year, stocks plunged after Powell warned markets of "more pain" ahead. • Investors are largely pricing in at least one more rate hike from the Fed later this year. US stocks rose Friday ahead of Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium. Major indexes ticked higher as investors waited for the Fed chief to deliver his remarks around 10:05 am, in which he's expected to give key guidance on the state of US economy and the potential path of monetary policy. Markets have been eyeing the symposium to potentially have a large impact on stocks, particularly since central bankers won't be meeting to discuss their next policy move until late September. Powell's speech at the same event last year sent stocks plummeting as he reiterated the central bank's committement to fighting inflation through interest rate hikes. At last year's event, stocks plunged after Powell warned markets of "more pain" ahead, as the Fed would continue to stay hawkish on inflation. "Fed officials are highly attuned to the risk of declaring victory prematurely and would be loath to make the mistake — as the Fed did in the mid-1970s — of cutting rates, only to reverse course should inflation resurge," Riley Wealth chief market strategist Art Hogan said in a statement on Friday. "Powell is expected to highlight some of the progress made in combating inflation but stay on script with his most recent commentary about the need to remain vigilant." Markets, meanwhile, still think the odds are strong that the Fed holds rates steady at 5.25%-5.50% through the rest of the year, according to theCME FedWatch tool. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday: • S&P 500:4,395.40, up 0.42% • Dow Jones Industrial Average:34,271.13, up 0.5% (+171.71 points) • Nasdaq Composite:13,532.17, up 0.48% Here's what else is going on today: • Top economist Steve Hanke saysstocks look expensive and a recession could be around the corner. • The "mind-blowing" US debt bingeis threatening the stability of the financial system, Larry McDonald warns. • Russian sanctions aren't working, Germany's foreign minister says. • Another Trump presidency could spark an economic and constitutional crisis, according to billionaire investor George Soros. • Former Treasury Secretary Larry Summers is facingbacklash for his inflation "chart crime." In commodities, bonds, and crypto: • Oil prices traded higher.West Texas Intermediatecrude oil climbed 1.5% to $80.26 a barrel.Brent, the international benchmark, rallied 1.46% to $84.60 a barrel. • Goldslipped 0.3% to $1,941.80 per ounce. • The yield on the 10-year Treasury rose one basis point to 4.253%. • Bitcoindipped 0.86% to $26,134.67. Read the original article onBusiness Insider... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["NEW YORK – GOP presidential hopeful Vivek Ramaswamy took the stage at Messari’s Mainnet crypto conference on Wednesday evening and announced plans to release a “comprehensive crypto policy framework” by Thanksgiving.\nIn a “fireside chat” with data company Messari CEO Ryan Selkis, Ramaswamy’s brief remarks – which touched on recent SEC rulings and crypto’s role as a disruptor for traditional finance – painted a generally rosy picture of blockchain technology and delivered a scathing indictment of “three-letter” regulatory agencies.\nSelkis said he’d seen the framework and concurred with the GOP candidate that it’s currently “75% there.”\nRamaswamy said he has “relatively strong views on what the future of governmental interface with crypto should be,” zeroing in on what he called an “unconstitutional fourth branch of government” – regulators.\n“That is the cancer at the heart of our federal government today,” said Ramaswamy. “Most of the political power is wielded by people who are never elected to their positions that sit in the back of three-letter government agency buildings in Washington DC in a three-letter regulatory alphabet soup.”\nFollowing an appearance from Anthony Scaramucci – the financier famous for his brief stint as Donald Trump’s communications director – Ramaswamy’s remarks speak to crypto’s growing prominence in the U.S. political landscape. As Selkis noted as he welcomed Ramaswamy to the stage, “If you told me a couple of years ago that we'd have a major presidential candidate talking at a crypto conference, I don't think anyone would have believed it.”\nBitcoin’s founding ethos verges on libertarian, but the industry has generally managed to avoid strict categorization on any specific side of the U.S. political spectrum. Ramaswamy’s open embrace of crypto, however, could portend a rightward shift for the industry.\nRamaswamy was a pharmaceutical entrepreneur before he mounted his 2024 presidential campaign – fashioning himself as a youthful, tech-forward heir to Donald Trump’s populist MAGA movement. Even further to the right than Trump on many issues, Ramaswamy’s debate performance in August was something of a break-out moment for the 38-year-old – with attacks from Trump administration figures like Mike Pence and Nikki Haley underscoring the controversial political candidate’s rapid emergence as a serious political contender.\nA CNN pollreleased Wednesdayplaced the political newcomer second to Donald Trump in the nomination race – ahead of Florida Governor Ron DeSantis, who was widely considered Trump’s main competition in the early days of campaigning.\nRamaswamy’s remarks on Wednesday weren’t the first time he’d spoken positively of crypto. Most recently, ina tweet lastmonth, Ramaswamy celebrated a court ruling against the SEC in itscase with Grayscale– a decision considered favorable to the blockchain industry.", "Grayscale Investments, a leading cryptocurrency investment firm, has officially decided to relinquish its rights to the Ethereum tokens that followed the significant event known as the Merge. The decision, announced on Sunday, was made due to a lack of liquidity and support from the custodian of its products for these post-Merge Proof-of-Work (PoW) Ethereum (CRYPTO:ETH) tokens, also known as ETHPoW.\nThe Merge, which took place on September 15, 2022, marked a complete transition for Ethereum from a Proof-of-Work (PoW) system to a Proof-of-Stake (PoS) system. This resulted in a split of the Ethereum blockchain into a primary PoS-based Ethereum and a secondary PoW-based Ethereum.\nFollowing this significant shift, Grayscale considered acquiring ETHPoW and potentially selling ETHW for its record date shareholders. However, after an additional six months of deliberation following the Merge, the firm decided against this course of action. The decision was influenced by uncertainties around the stance of digital asset custodians and trading platforms on supporting ETHW tokens.\nIn contrast to Grayscale's decision, some crypto investment firms like ETC Group attempted to launch specific EthereumPoW exchange-traded products (ETPs). However, due to a lack of suitable custody providers, ETC Group had to discontinue its PoW-centric ZETW ETP just six weeks after its launch.\nGrayscale's decision is expected to be discussed at the upcoming Benzinga's Future of Digital Assets conference on November 14. Industry shifts such as Grayscale's move away from ETHPoW tokens are likely to be key topics at this event.\nIn related news, just a day after announcing its decision on ETHPoW tokens, Grayscale expressed intentions to introduce a new Ether (ETH) futures exchange-traded fund. The firm approached the United States Securities and Exchange Commission on Monday, seeking approval to list and exchange shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the guidelines of the New York Stock Exchange Arca Rule 8.200-E.\nThis article was generated with the support of AI and reviewed by an editor. For more information see our T&C.\nRelated Articles\nGrayscale abandons post-Merge Ethereum PoW tokens due to liquidity and custodian concerns\nEthereum's price surpasses $2,000 following Shapella upgrades\nBitcoin analysis predicts â€˜spicyâ€™ BTC price into FOMC as $27K holds", "Grayscale Investments, a leading cryptocurrency investment firm, has officially decided to relinquish its rights to the Ethereum tokens that followed the significant event known as the Merge. The decision, announced on Sunday, was made due to a lack of liquidity and support from the custodian of its products for these post-Merge Proof-of-Work (PoW) Ethereum (CRYPTO:ETH) tokens, also known as ETHPoW. The Merge, which took place on September 15, 2022, marked a complete transition for Ethereum from a Proof-of-Work (PoW) system to a Proof-of-Stake (PoS) system. This resulted in a split of the Ethereum blockchain into a primary PoS-based Ethereum and a secondary PoW-based Ethereum. Following this significant shift, Grayscale considered acquiring ETHPoW and potentially selling ETHW for its record date shareholders. However, after an additional six months of deliberation following the Merge, the firm decided against this course of action. The decision was influenced by uncertainties around the stance of digital asset custodians and trading platforms on supporting ETHW tokens. In contrast to Grayscale's decision, some crypto investment firms like ETC Group attempted to launch specific EthereumPoW exchange-traded products (ETPs). However, due to a lack of suitable custody providers, ETC Group had to discontinue its PoW-centric ZETW ETP just six weeks after its launch. Grayscale's decision is expected to be discussed at the upcoming Benzinga's Future of Digital Assets conference on November 14. Industry shifts such as Grayscale's move away from ETHPoW tokens are likely to be key topics at this event. In related news, just a day after announcing its decision on ETHPoW tokens, Grayscale expressed intentions to introduce a new Ether (ETH) futures exchange-traded fund. The firm approached the United States Securities and Exchange Commission on Monday, seeking approval to list and exchange shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the guidelines of the New York Stock Exchange Arca Rule 8.200-E. Story continues This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Related Articles Grayscale abandons post-Merge Ethereum PoW tokens due to liquidity and custodian concerns Ethereum's price surpasses $2,000 following Shapella upgrades Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds", 'The U.S. Federal Reserve kept interest rates unchanged as expected at its September meeting on Wednesday. Bitcoin briefly fell below US$26,900 in the early hours of the morning after Fed Chair Jerome Powell said more interest rate hikes may be needed to curb inflation. But the token is now trading above the US$27,000 support level. Ether also dropped but held above US$1,600. Most other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours. Toncoin led the losers with a slide of over 6%. U.S. stock futures traded lower Thursday morning after a day of Wall Street losses Wednesday.\nBitcoin dipped 0.28% in the last 24 hours to US$27,137.70 as of 07:30 a.m. in Hong Kong. But the world’s largest crypto token still posted a weekly gain of 3.52%, according toCoinMarketCapdata.\nThe Fed announced a much-anticipated pause in its rate hiking cycle Wednesday. The rate will continue at 5.25% and 5.50%, its highest level in 22 years. The Fedraisedits projected interest rates for the end of 2023 to 5.6%, indicating another rate hike to come within the year. The agency also raised its projection for the end of 2024 to 5.1%, up from the 4.3%predictedin June.\n“With 99% of forecasts predicting no change at the FOMC meeting, it was clear that we would see a stabilization of interest rate policy moving forward. However, it came as a surprise that the report emphasized slower rate cuts moving forward than previously projected,” Michael Silberberg, Head of Investor Relations at the U.S.-based crypto hedge fund AltTab Capital, said in an emailed comment.\n“While it’s a relief that the Fed see us at the peak of rate hikes with their forecast of fewer rate cuts in 2024, it is hard for us to take today’s announcement with too much optimism,” added Silberberg.\nFollowing Powell’s announcement, Bitcoin fell more than 1.5% to US$26,864.08 on early Thursday morning in Asia. But it soon recovered to above US$27,000.\nOn the regulatory front, the U.S. Securities and Exchange Commission (SEC)saidit would expand its regulatory scrutiny over the crypto industry. The agency has already sued multiple crypto companies for alleged securities violations. Those companies include software firm Ripple Labs and the U.S. branches of the world’s largest cryptocurrency exchanges Coinbase Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,292,944,750 - Hash Rate: 391843300.11931473 - Transaction Count: 431540.0 - Unique Addresses: 763149.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The Week in DeFi: Holesky Testnet Launch, Balancer Security Vulnerability, and Solana Pay x Shopify The Ethereum Foundation revealed it will debut the Holesky testnet on September 15th, aiming to supplant Goerli. Meanwhile, Balancer contended with a security fright as a critical bug was found in certain pools this week. Finally, Solana Pay partnered with Shopify to integrate its services into the e-commerce platform. Eventful week for DeFi ! Let’s dive deeper into what went down in DeFi this past week. Overview: Sentiment Continues to Sink Total value locked (TVL) across all chains continues the downtrend, shedding another 2.5% as market sentiment prolongs its decline. Noteworthy exceptions to the trend are ConsenSys -backed L2 chain, Linea , which experienced a 40% swell in TVL, and Sui , which saw its TVL rise 20%. Source: DeFiLlama Welcome to Alpha Central 0xBreadguy dives into the tools built around social media applications, friend.tech , including tools to improve trading, charting , and analysis on the platform. Wajahat Mughal covers 15 primitives he believes will push upcoming narratives in crypto, providing examples in each category. Redphonecrypto muses on DeFi and how it powers applications only feasible with crypto as the backend infrastructure. Ethereum: Holesky Testnet Incoming, EigenLayer Hits Caps Again The Ethereum Foundation will deploy a new testnet, Holesky, to replace Goerli. Holesky will launch on September 15, with two billion Holesky ETH (hETH) available at genesis to address insufficient funds on testnets. ETH restaking solution EigenLayer raises caps again on staking , this time to 100K tokens. The caps filled in under two hours before deposits were paused. Alongside the cap raise, EigenLayer announced an NFT mint, EigenWorlds, available to EigenLayer stakers. ETH restaking platform Stader Labs deploys rsETH on their testnet. RsETH represents restaked ETH, obtained by staking LSTs on Stader, allowing users to earn rewards on LSTs. Weighted AMM Balancer uncovers a critical vulnerability in boosted pools across supported chains. Though Balancer mitigated most risk, the protocol still suffered a $400K loss . Cross-chain settlement layer THORChain launches THORChain Lending, enabling USD loans on native ETH or BTC . The no-interest, no- liquidation loans have a 30-day minimum duration. Bumper Finance will launch on Ethereum mainnet on August 31, with $250K in incentives for early adopters. Bumper seeks to shield crypto investors from volatility using an innovative DeFi mechanism. Memecoin PEPE dumps as several ex-members allegedly steal and sell $15 million in PEPE tokens. The team claims to have regained control of the multisig wallet holding the tokens, but many are doubting this claim. Story continues L2s: FRIEND Perpetuals Live for Trading Options and perpetual trading platform Aevo launches perpetuals trading on FRIEND, representing the market capitalization of all friend.tech accounts, enabling traders to long or short their value. Positional markets Thales launches Speed Markets on Arbitrum . Speed Markets allow bets on an asset's direction over short timeframes, where users bet on the asset trading above or below the current price by the timeframe's end. BitDAO’s L2 chain Mantle has staked 40,000 ETH tokens from its treasury with Lido Finance after a successful governance vote earlier this month. Bracket Labs launches Passage, allowing traders to speculate on an asset price. It enables trading volatility and leveraged trading. Solana: Solana Pay Now on Shopify Solana Pay is now supported on the e-commerce platform Shopify, enabling merchants to accept USDC payments via Solana's blockchain. Solana Pay plans to add more tokens including native SOL and memecoin BONK . Elusiv goes live on Solana this week, bringing privacy to token swaps . It keeps trades private, allowing traders to conceal on-chain activity. Elusiv is powered by DEX aggregator Jupiter. Credit protocol Maple Finance launches Solana support, enabling Solana projects and DAOs to utilize their cash management solution. L3 blockchain Nautilus launches on mainnet after a year of development. Nautilus is built on Solana's VM using Neon EVM and Celestia. Currently an optimistic rollup , it seeks to transition to a ZK rollup. Cosmos: Dymension’s Incentivized Testnet Is Live Dymension releases its incentivized testnet, Froopyland with a maturity date of three months and 1% of the total supply distributed as rewards. Dymension is a chain designed to enable rollup deployment compatible with Cosmos' Inter-Blockchain Communication (IBC) Protocol. Another Week, Another Airdrop Base Velodrome fork Aerodrome will launch on Monday, accompanied by an airdrop of veAERO tokens to veVELO lockers on Velodrome. 40% of the veAERO supply will be distributed in this airdrop. Crypto betting platform, Shuffle, announces their token and hints at their upcoming airdrop in the near future. Stay updated on your favorite projects and stay tuned for next week’s edition, and keep supporting your favorite projects, degens! View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dropped Friday morning in Asia to trade below the US$27,000 support level. Ether also retreated and lost control of the US$1,600 mark for the first time in the past week. All other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours. Solana led the losers with a slide of over 3%. The drop in crypto prices coincided with a decline Thursday in global equity markets as investors digested hawkish U.S. Fed remarks on monetary policy. U.S. stock futures were trading flat during opening hours in Asia after all three major U.S. indexes logged losses of over 1.0% Thursday.\nBitcoin fell 2.10% in the last 24 hours to US$26,580.90 as of 07:30 a.m. in Hong Kong, according toCoinMarketCapdata. The world’s largest cryptocurrency fell to US$26,389.30 on Thursday night, its lowest level in a week.\nAfter deciding to keep interest rates unchanged in September as expected, the U.S. Federal Reserve projected one more interest rate hike by the end of 2023. While it lowered its prediction for the pace of interest rate cuts in 2024, comments from Fed members were “more hawkish” than analysts expected.\n“The drop in most tokens this morning could reflect the cautious stance of investors, who are carefully digesting the implications of the Federal Reserve’s recent interest rate remarks,”\xa0 said John Stefanidis, CEO of blockchain infrastructure platform Balthazar DAO.\n“Additionally, the surge in 10-year U.S. Treasury yields to 16-year highs could have played a role in reshaping market dynamics,” Stefanidis added.\nFollowing the Fed meeting Wednesday, benchmark 10-year U.S. treasury yieldsroseto a 16-year high of 4.49% on Thursday.\n“U.S. equity and rates markets have broken some very key levels on the back of this (Fed projection), and reflexivity can take over with the bearish thesis from here,”saiddigital asset trading firm QCP Capital in a Thursday Telegram market update.\nThe drop in equity markets and rising treasury yields “could seep into crypto markets and take BTC lower with it, albeit with a lower beta as compared to other very stretched macro markets like the NASDAQ,” said QCP Capital.\nDespite macro pressures, Bitcoin can receive some support from the multiple spot Bitcoin exchange-traded fund (ETF) applications ongoing in the U.S., said Markus Thielen, head of research and strategy at digital asset service platform Matrixport.\n“If the SEC approves a Bitcoin ETF, which we believe is a 70% probability over the next six months, then there could be an immediate re-pricing and Bitcoin could be +20% more expensive in an instant. Hence, it is essential to keep upside exposure to such an event,” Thielen said in an emailed comment.\nEther fell 2.35% to US$1,585.53 and was trading 2.66% lower for the week. The world’s second largest cryptocurrency fell below the US$1,600 support level for the first time since last Thursday.\nAll other top 10 non-stablecoin cryptocurrencies posted losses in the past 24 hours. Solana’s SOL led the losers, falling 3.73% to US$19.54. But it still posted a weekly gain of 3.35%\nMeanwhile, the collapsed Tokyo-based crypto exchange Mt. Gox delayed the deadline to repay its customers from October 2023 to October 2024, according to anannouncementby Mt. Gox trustees on Thursday.\nAround 850,000 Bitcoins (worth about US$22.57 billion at the current price) were stolen from Mt. Gox in 2014, which was then the largest crypto exchange in the world. The crypto exchange currently holds about142,000 Bitcoins. Analysts expect the return of the lost Bitcoin to Mt. Gox customers will exert selling pressure on the wider Bitcoin market.\n“(Mt. Gox’s delay) alleviates — at least for now — a wave of selling that many traders must have been prepping for and that can now be ignored,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nElsewhere, Tether Holdings, the issuer of the USDT stablecoin,expandedits USDT lending services during the latest financial quarter, less than one year aftersayingit would phase out the practice.\n“Most investors and holders would see that as additional risk, as it means more assets will be used by third parties and, if market conditions were to turn for the worse, could pose liquidity issues,” said d’Anethan.\nUSDT traded at US$1.0001 as of 07:30 a.m. in Hong Kong, slightly higher than its 1:1 peg to the U.S. dollar. The valuation suggests “investors are not worried and actually prefer it to most other stablecoin options,” said d’Anethan.\nThe total crypto market capitalization dropped 1.67% in the past 24 hours to US$1.05 trillion, while trading volume jumped 158.64% to US$72.41 billion.\nU.S. stock futures were trading flat as of 09:30 a.m. in Hong Kong. Wall Street closed lower Thursday, the Nasdaq Composite leading the losers with a 1.82% slide. The Dow Jones Industrial Average and S&P 500 also booked losses of over 1%.\nMost major Asian stock indexes were down Thursday morning. Hong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi all booked losses. The Kospi led the losers with a 0.92% drop, while China’s Shanghai Composite posted a marginal gain of 0.05%\nThe drop in equity markets followed the Federal Reserve’s hawkish tone on monetary policies at its September meeting Wednesday. Fed membersprojectedthe interest rate to reach 5.6% by the end of 2023, indicating another 25-basis-point rate hike to come within the year. The Fed also raised the projected median interest rate by the end of 2024 from 4.6% to 5.1% in a sign it intends to keep rates higher for longer.\nThe Fed may need to further raise the interest rate “to make sure that core inflation especially continues to come down at an appropriate pace so the committee can get back to 2% inflation in a reasonable time frame,” Former Federal Reserve Bank of St. Louis President James Bullard toldBloombergon Thursday.\n“The prospects for a soft landing are very good, but you haven’t landed until you get inflation back to 2%,” said Bullard. The U.S. core consumer price index (CPI) for Augustrose4.3% year-on-year, the smallest increase in almost two years.\nOn the economic data front, the initial jobless claims in the U.S.droppedto 201,000 in the week ending Sept. 16. The figure is lower than the analyst expectation of225,000and marks the lowest level since January. The data could add to the Fed hawkishness regarding monetary policy.\n“This economy is just not showing any sign of slowing down which hints that inflation will not be coming back down to target,” Christopher Rupkey, chief economist at FWDBONDS in New York, toldReuterson Friday. “The Fed was wise to keep another interest rate hike in their back pockets just in case, and it now looks like another rate hike is warranted.”\nThe Fed meets on Nov. 1 to make its next decision on interest rates. TheCME FedWatch Toolpredicts a 73.8% chance of no interest rate hike in November, up from 71.6% on Thursday. It also gives a 54.8% chance of another pause in December, up from 53.4% on Thursday.\nElsewhere, Russiaissueda temporary ban on diesel and gasoline exports on Thursday with an unspecified end date. The announcement triggered ajumpin diesel prices in Europe.\n“Despite this being only a temporary ban, the impact is significant as Russia remains a key diesel exporter to global markets,” Alan Gelder, vice president of refining, chemicals and oil markets at global consultancy group Wood Mackenzie Ltd., toldBloombergon Thursday.\n“The global refining system will struggle to replace those lost Russian volumes at a time when global diesel inventories are already at low levels,” Gelder added.\nIn Japan, the country’s central bankannouncedits own decision on interest rates Friday. The Bank of Japan will maintain its ultra loose monetary policy. That includes a short-term interest rate target of -0.1% and an effective cap of 1.0% on 10-year bond yields.\n(Updates with equity section, Stefanidis’ comment)', 'Bitcoin dropped Friday morning in Asia to trade below the US$27,000 support level. Ether also retreated and lost control of the US$1,600 mark for the first time in the past week. All other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours. Solana led the losers with a slide of over 3%. The drop in crypto prices coincided with a decline Thursday in global equity markets as investors digested hawkish U.S. Fed remarks on monetary policy. U.S. stock futures were trading flat during opening hours in Asia after all three major U.S. indexes logged losses of over 1.0% Thursday. Cryptos drop as US bond yields soar Bitcoin fell 2.10% in the last 24 hours to US$26,580.90 as of 07:30 a.m. in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency fell to US$26,389.30 on Thursday night, its lowest level in a week. After deciding to keep interest rates unchanged in September as expected, the U.S. Federal Reserve projected one more interest rate hike by the end of 2023. While it lowered its prediction for the pace of interest rate cuts in 2024, comments from Fed members were “ more hawkish ” than analysts expected. “The drop in most tokens this morning could reflect the cautious stance of investors, who are carefully digesting the implications of the Federal Reserve’s recent interest rate remarks,”\xa0 said John Stefanidis, CEO of blockchain infrastructure platform Balthazar DAO. “Additionally, the surge in 10-year U.S. Treasury yields to 16-year highs could have played a role in reshaping market dynamics,” Stefanidis added. Following the Fed meeting Wednesday, benchmark 10-year U.S. treasury yields rose to a 16-year high of 4.49% on Thursday. “U.S. equity and rates markets have broken some very key levels on the back of this (Fed projection), and reflexivity can take over with the bearish thesis from here,” said digital asset trading firm QCP Capital in a Thursday Telegram market update. The drop in equity markets and rising treasury yields “could seep in Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,638,729,175 - Hash Rate: 366288302.2854464 - Transaction Count: 441679.0 - Unique Addresses: 757791.0 Social & AI Sentiment: - Fear & Greed Index: 0.43 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) and major tokens edged higher as traders digested concerns of a ruling in the ongoing FTX court casethat temporarily led to sell-off concernsearlier this week. BTC rose 1.5% to trade over $26,100 in European morning hours on Thursday. Ether neared $1,700 before falling to $1,650. Xrp (XRP) and solana (SOL) led gains among major crypto tokens, rising as much as 3% before retreating. The CoinDesk Market Index (CMI), a broad-based index that tracks the prices of hundreds of tokens, rose 1.67% in the past 24 hours. Among mid-caps, THORChain’s rune (RUNE) bumped 6.8% as developersunveiled a wayto allow cross-chain swaps of bitcoin via a tool built in collaboration with ShapeShift. A jump in SOL came even as crypto exchangeFTX revealed in bankruptcy court filings earlier this week that it holds $1.16 billion of SOL – approximately 16% of the token’s outstanding supply– and about $560 million in BTC. The rest of its holdings consist of lesser-known illiquid tokens. On Wednesday, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled that FTX could sell and invest its crypto holdings to pay back creditors. SOL dropped up to 4% following the court ruling, but part of the stash is locked as venture investment and not available for sale. Aptos (APT),another token held by FTX, dropped nearly 2%. Meanwhile, FxPro Senior Market Analyst Alex Kuptsikevich told CoinDesk in an email that, generally, bearish sentiment remained intact among professional traders. “The question is whether the recent dip will be the starting point for the next rally. Keep an eye on the activity near the recent highs; for now, the market is not allowed to go higher,” Kuptsikevich said. “Despite the potential for a rebound, BTCUSD remains within the bearish momentum that has been in place since July, with lower and lower highs and lows,” he added. “Ether remains in a downtrend, although its intensity is decreasing.”... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Machines replacing humans in the workplace is not new, but today’s advances in artificial intelligence could affect hundreds of millions of jobs. I wrote an article in 2021, Dying Careers You May Want to Steer Clear Of , about how jobs will start to disappear because smart machines are becoming smarter. Since that article, advances in artificial intelligence have exploded, making AI a possible threat to the job security of hundreds of millions of workers. Let’s examine what’s going on and whether you should update your résumé in case even savvier computers gobble up your job. The threat of your job becoming obsolete may feel like a new thing and a slap in the face. It’s not. This phenomenon has happened throughout history. The earliest example of a machine that could replace workers, that I could find, was in 1589 when William Lee invented the stocking frame knitting machine. Lee thought that workers would be thrilled to no longer have to sit in drafty rooms huddled together while knitting by hand, only to develop stooped shoulders and arthritis. He was wrong. Lee sought a patent for his revolutionary knitting machine and even invited Queen Elizabeth I to view his invention. The queen was more concerned about all of the knitters who could be laid off and refused to grant Lee a patent. According to Daron Acemoglu and James Robinson, authors of the 2012 book Why Nations Fail: The Origins of Power, Prosperity, and Poverty , the queen said, “Thou aimest high, Master Lee. Consider thou what the invention could do to my poor subjects. It would assuredly bring to them ruin by depriving them of employment, thus making them beggars.” We know that progress is impossible to stop, even for the queen. What industries could become obsolete in the future? Acknowledging that no one knows for sure what professions will or will not exist or how they will change over time, I think, in general, that the upper middle class is about to get slammed. Frankly, most white-collar employees involved in cognitive jobs should be worried. According to a paper from the University of Oxford, “The Future of Employment,” about 47% of total U.S. employment is at risk . It’s not just that actual robotic machines are more efficient, it’s also that our computers are becoming way smarter. Story continues AI could take your job Goldman Sachs estimates around 300 million jobs could be affected by generative AI . This could cause a seismic disruption, with an estimated two-thirds of jobs in the U.S. and Europe subject to some form of automation. So you might want to think about updating your skills and your résumé if you are in any of these professions: Office and administrative support Legal Architecture Engineering Business and financial operations Sales Education Arts and design Travel agents Truck drivers Medicine Librarian/archivist Sports referees Factory workers More depressing news Quantum computing is just around the corner. It is the new-new in the computer world. It can address complicated problems with many factors and therefore develop some outcomes more quickly than a regular computer. I think it will turn jobs like Bitcoin mining on its head, because it can solve math problems really quickly. If you just have computer skills on your résumé, you may also be out of luck, because these new quantum computing skills are unique. Jobs that may exist I’m confident that machines won’t replace the jobs that need a human touch. Machines can be great at performing certain functions, but they don’t have empathy, intuition or the ability to make a human connection. That means that if you work in health care, counseling or live customer service, your job may be safe. Wouldn’t it be great to also dream of a time, after an annoying bout with machine prompts, when you could talk to a real person? The crossroads of the ‘Oppenheimer’ effect Let’s now complicate matters further. Just as the queen and others have struggled with the ethics and morality of putting workers out of work, let’s ponder the morality of possibly creating science that can end the world. AI has caused many to become bereaved with the thought that it could lead to the military destruction of the world. The movie Oppenheimer (not to be confused with Barbie ) highlights this quandary. Alexander Karp, CEO of Palantir Technologies, discussed in The New York Times the moral judgments faced by Robert Oppenheimer, who is often referred to as the “father of the atomic bomb.” Oppenheimer is quoted to have said, “When you see something that is technically sweet, you go ahead and do it … and you argue about what to do about it only after you have had your technical success. That is the way it was with the atomic bomb.” That may also be the debate with AI. But just as with the atomic bomb, do we let our enemies develop it first? We did not shy away from building the automobile, which has led to horrific traffic deaths. We make laws and other protections, like seat belts and airbags, that protect the populace. Can we do the same with AI? This, like my previous article, can make for great dinner conversation with your kids. Ask them what they see in the future and what jobs they think will disappear and be created. Ask them what may come of the new “technical” brainpower we can build. How can it be used for good, and what should we do to prevent it from being used for evil? Part of being a parent is to not only help our kids to be resilient when it comes to change, but to also help them understand some of the consequences, as well. Remember the words of Albert Einstein: “The measure of intelligence is the ability to change.” related content Facing a Potential Job Loss? Here’s How to Prepare How to Avoid Getting Sued After Leaving Your Job Five Things to Consider When Weighing a Job Change The Job Market for People With Disabilities Is Booming 401(k) Options After You’ve Left Your Job', 'Machines replacing humans in the workplace is not new, but today’s advances in artificial intelligence could affect hundreds of millions of jobs. I wrote an article in 2021, Dying Careers You May Want to Steer Clear Of , about how jobs will start to disappear because smart machines are becoming smarter. Since that article, advances in artificial intelligence have exploded, making AI a possible threat to the job security of hundreds of millions of workers. Let’s examine what’s going on and whether you should update your résumé in case even savvier computers gobble up your job. The threat of your job becoming obsolete may feel like a new thing and a slap in the face. It’s not. This phenomenon has happened throughout history. The earliest example of a machine that could replace workers, that I could find, was in 1589 when William Lee invented the stocking frame knitting machine. Lee thought that workers would be thrilled to no longer have to sit in drafty rooms huddled together while knitting by hand, only to develop stooped shoulders and arthritis. He was wrong. Lee sought a patent for his revolutionary knitting machine and even invited Queen Elizabeth I to view his invention. The queen was more concerned about all of the knitters who could be laid off and refused to grant Lee a patent. According to Daron Acemoglu and James Robinson, authors of the 2012 book Why Nations Fail: The Origins of Power, Prosperity, and Poverty , the queen said, “Thou aimest high, Master Lee. Consider thou what the invention could do to my poor subjects. It would assuredly bring to them ruin by depriving them of employment, thus making them beggars.” We know that progress is impossible to stop, even for the queen. What industries could become obsolete in the future? Acknowledging that no one knows for sure what professions will or will not exist or how they will change over time, I think, in general, that the upper middle class is about to get slammed. Frankly, most white-collar employees involved in cognitive jobs should be worried. According to a paper from the University of Oxford, “The Future of Employment,” about 47% of total U.S. employment is at risk . It’s not just that actual robotic machines are more efficient, it’s also that our computers are becoming way smarter. Story continues AI could take your job Goldman Sachs estimates around 300 million jobs could be affected by generative AI . This could cause a seismic disruption, with an estimated two-thirds of jobs in the U.S. and Europe subject to some form of automation. So you might want to think about updating your skills and your résumé if you are in any of these professions: Office and administrative support Legal Architecture Engineering Business and financial operations Sales Education Arts and design Travel agents Truck drivers Medicine Librarian/archivist Sports referees Factory workers More depressing news Quantum computing is just around the corner. It is the new-new in the computer world. It can address complicated problems with many factors and therefore develop some outcomes more quickly than a regular computer. I think it will turn jobs like Bitcoin mining on its head, because it can solve math problems really quickly. If you just have computer skills on your résumé, you may also be out of luck, because these new quantum computing skills are unique. Jobs that may exist I’m confident that machines won’t replace the jobs that need a human touch. Machines can be great at performing certain functions, but they don’t have empathy, intuition or the ability to make a human connection. That means that if you work in health care, counseling or live customer service, your job may be safe. Wouldn’t it be great to also dream of a time, after an annoying bout with machine prompts, when you could talk to a real person? The crossroads of the ‘Oppenheimer’ effect Let’s now complicate matters further. Just as the queen and others have struggled with the ethics and morality of putting workers out of work, let’s ponder the morality of possibly creating science that can end the world. AI h Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,606,404,200 - Hash Rate: 442953295.7870514 - Transaction Count: 629617.0 - Unique Addresses: 882768.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The FTSE 100 index narrowly avoided its lowest close of the year after a grim week for global stock markets. London’s top flight fell again by 0.7% today, leaving it down by 3.5% since Monday as worries mount globally over higher-for-longer interest rates. It has lost 350 points over the course of a six-day losing streak. For much of the day, the index appeared set for the lowest close since November 2023, but it rallied slightly in the last hour of trading. Rising borrowing costs have added to pressure on the retail sector, resulting intoday’s 1.2% fall in sales during washout July. • Blue-chip index on course to close at 2023 low • Retail sales fall sharply in July • Great Portland in £70m Soho Square deal Friday 18 August 2023 16:38,Daniel O'Boyle A late rally helped the FTSE 100 close at 7,262.43 today, less than seven points more than its lowest close of the year. The index fell as low as 7220, but rallied in the last hour before markets closed in London. However, it was still down 0.7% today, and in its longest losing streak since 2020. Airtel Africa and RS Group were among the biggest fallers. Friday 18 August 2023 16:28,Daniel O'Boyle The FTSE 100 has picked up from its lows and appears set to avoid the lowest close of the year. However, the index is still down 0.6% today, and set for its sixth consecutive day of declines. It is currently at 7,265.34, nine points ahead of the lowest close it reached this year, in July. Friday 18 August 2023 16:26,Daniel O'Boyle Councils and police are being urged to “turn a blind eye” to pubs opening early for the women’s football World Cup final. MPs have called on the authorities to ignore instances of publicans serving outside of their usual Sunday hours, after warnings that licensing rules mean leave some venues unable to serve pints or open early for excited fans on the day. In Cornwall, the local council and police have already announced they will not take enforcement action for early opening during the big match. Read more here Friday 18 August 2023 16:02,Daniel O'Boyle The biggest official fuel producer in the North Sea will present its results next week, with investors likely keen to know more about its plans for the future and the impacts of the windfall tax. Harbour Energy has been complaining about its UK tax bill since the Government introduced a special charge for energy companies as prices soared following Russia’s full-scale assault on Ukraine. The company said in March that its profit had been “all but wiped out” by the windfall tax. But that was based on writing off last year’s profit against what the company expects to pay over the five-year period of the tax, a move that brought criticism at the time. Read more here Friday 18 August 2023 15:47,Daniel O'Boyle Wall Street shares have started the day lower, following Asia and Europe down. The S&P 500 is down 0.3% to 4,356.29, while the Dow Jones is down 0.1% at 34,436.86. The tech-led Nasdaq index is down 0.6%, to 13,235.35. Big risers included retailers ROss Stores, Dollar Generaland Walmart. Fallers include tech beghemoths Nvidia, Meta and Alphabet. Friday 18 August 2023 15:09,Daniel O'Boyle The amount that an average household is expected to pay for its energy bills will fall by around £150 per year from the start of October, according to a new forecast. Ofgem’s next price cap, which will be announced on Friday next week, will drop to around £1,925, according to the latest forecast from Cornwall Insight, an energy consultancy. It is a reduction of 7%, and the lowest the cap has been since March 2022. Read more here Friday 18 August 2023 14:31,Daniel O'Boyle The boss of offices giant IWG said “more and more workers want to live in a 15-minute city”, as the firm’s Regus arm announced a new flexible 5,500 sq ft workspace in Battersea. The business said the new office is part of a “series” of 15-minute cities that IWG is establishing across London, and comes just days after it reported a surge in demand for workspace in the suburbs, as demand in typically popular locations like the City cools. IWG hopes to add as many of 1,000 new locations to its network this year to serve the growing number of hybrid workers in the capital. The Battersea office is set to open in the fourth quarter of the year Read more here Friday 18 August 2023 13:45,Daniel O'Boyle The FTSE 100 has fallen even further today, and is now down more than 80 points, or 1.1%, at 7,229.00. That brings it close to the lowest it has reached all year, when it fell to 7206 on 20 March amid fears about the global banking sector, before rebounding later that day. The index has now lost nearly 400 points in the space of just six trading days. Big fallers today include RS Group, Airtel Africa and Antofagasta. British American Tobacco is the only FTSE 100 firm to rise by more than 0.5%. Friday 18 August 2023 13:37,Daniel O'Boyle Deliveroo customers can now enjoy champagne with their kebab or prosecco with their pizza under new order options introduced on its app. The feature, which is to be made available to customers across the UK following a trial phase in London, allows app users to combine takeaway food with grocery shopping in a single order. Deliveroo said the new functionality was introduced after data showed large numbers of customers ordered restaurant food and supermarket essentials within a few minutes of each other. Read more here Friday 18 August 2023 13:15,Jonathan Prynn If some of the recent reports are to be believedOxford Streethas been reduced to a Mad Max-style dystopia where feral criminal gangs smash store windows at will and tacky Candy stores fill virtually every retail unit from Marble Arch to Centre Point. The truth is very different as our report today shows. There is no doubt that the 1.2 mile-long canyon of consumerism has had a tough time since 2020 and it is looking a little battered. There are certainly too many candy stores, although firm action being taken by Westminster council should thin their ranks. But there is investment too. Today’s encouraging figures from CBRE show there is no shortage of retailers hoping to open new space on Europe’s busiest shopping street, which still has a vitality unmatched nearly anywhere else in the world. Read more here Friday 18 August 2023 12:26,Simon Hunt Halfway through the day’s trading session in London, the FTSE 100 has slipped further and is now down 0.8%. Here’s a look at your key market data. Friday 18 August 2023 11:55,Daniel O'Boyle Train drivers are to stage a fresh strike next month amid their long-running dispute over pay, threatening more travel chaos for passengers. Members of union Aslef will walk out on September 1 and will ban overtime on September 2 - the same day as a strike by the Rail, Maritime and Transport union (RMT). Announcing the strike on Friday, Aslef said its walk-out will force train companies across England to cancel all services, while the ban on overtime will “seriously disrupt” the network. Read more here Friday 18 August 2023 11:15,Daniel O'Boyle Oxford Street was given a big boost earlier as figures showed retailers are queuing up to open new stores there, with more than 100,000 sq ft of deals in advanced negotiations. After a challenging three and a half years for the famous shopping destination since the start of the pandemic —not helped by disruption last week when some social media videos urged people to turn up and cause disorder — the research shows that space there is still in hot demand. Property consultancy CBRE found there are at least 10 stores under offer in Oxford Street. Firms set to sign leases are in a variety of retail sectors including fashion, tech and food and beverage. Read more here Friday 18 August 2023 10:31,Graeme Evans The FTSE 100 index is in danger of setting its lowest close of the year after falling 1% or 71.77 points to 7,238.44. London’s top flight is on a six session losing run that has cost the benchmark more than 250 points since Monday and 6% across August. Today’s mood wasn’t helped by the crisis in China’s debt-laden property sector after Evergrande last night filed for bankruptcy protection in the United States. The Hang Seng index in Hong Kong closed 2% lower and is now down by more than 10% this year amid China’s disappointing economic recovery. On Wall Street, the recent optimism over a soft landing for the US economy has been punctured by signs the Federal Reserve is not yet done raising interest rates. The speculation yesterday pushed the US 10-year Treasury yield, which is used as a benchmark for global borrowing costs, to its highest daily close in 15 years. Traders fear the uncertainty could continue for another week until Federal Reserve chair Jerome Powell addresses the Jackson Hole symposium next Friday. The S&P 500 index and Nasdaq Composite closed around 1% lower last night, a performance that set the FTSE 100 index towards a nine-month low. Big fallers in London include the mining stocks Antofagasta and Anglo American, down by 3% as traders revised expectations for China demand. Other big fallers included the luxury goods group Burberry, which has lost more than 4% of its value in the past week and today dropped another 48p to 2137p. BAE Systems put back 7p to 962.8p after falling 4% yesterday on jitters over the £4.4 billion deal for Colorado-based Ball Aerospace, a move that will boost the UK company’s capabilities in spacecraft and missile development. The bleak mood was mirrored in the UK-focused FTSE 250 index, which fell 1% or 188.87 points to 18,167.20. Stocks down by more than 2% included the US-focused retailer WH Smith, National Express owner Mobico and the property firm British Land. Friday 18 August 2023 09:56,Daniel O'Boyle A Qatari sheikh, whose son is fronting a bid for Manchester United Football Club, is mulling the sale of two luxury houses in London’s most exclusive districts with a combined asking price of £370 million. Sheikh Hamad bin Jassim bin Jaber Al Thani is potenti... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Digital assets tentatively sold off this week in response to the Federal Reserve indicating another rate hike may come this year, despite deciding to keep interest rates steady on Wednesday. Projections released by the central bank show median rates of 5.6% before year\x92s end, up from the current range of 5.25% to 5.5%. The suggested hike garnered support from 12 Federal Reserve officials and opposition from 9. Fed Projections (September vs June) \x93We want to see convincing evidence really that we have reached the appropriate level, and we\x92re seeing progress, and we welcome that,\x94 Fed chair Jerome Powell told reporters at a press conference following the decision. \x93But, you know, we need to see more progress before we\x92ll be willing to reach that conclusion.\x94 According to CoinMarketCap, $30B was wiped from the combined capitalization of crypto assets, which now sits at $1.05T following the 3% retracement. BTC has since dropped 2.5%, and ETH is down 3% after both assets regained 1% in the past 24 hours. Quarterly Options Set To Expire September\x92s close will also coincide with the expiry of $3B worth of quarterly BTC options and $1.8B in contracts tracking Ether. Luuk Strijers, the chief commercial officer at crypto options exchange Deribit, told The Defiant that quarterly contracts are typically \x93the most significant in terms of volume and value,\x94 estimating institutions represent 85% of activity. However, Strijers said he does not expect to see \x93strong market moves in the coming week\x94 based on the current positioning of market participants. On-chain Activity Drops September has been the weakest month for Ethereum\x92s on-chain activity this year. According to Ultra Sound Money, more than 13,000 ETH ($21M) was added to Ether\x92s supply since the month began \x97 meaning Ethereum\x92s burn mechanism failed to offset new ETH entering supply as rewards for validators amid the slump in activity. ETH Supply Change The low activity has been attributed to the prolonged downturn in the NFT market and the buzz surrounding memecoins dying down. Story continues However, the retracement in on-chain also coincides with Layer 2 transaction throughput setting new highs multiple times in recent weeks. Ethereum\x92s L2 ecosystem processed an average of 64.2 transactions per second (TPS) on Sept. 14, compared to 12.4 TPS on the Ethereum mainnet. L2 Activity Chart Read the original post on The Defiant', 'Digital assets tentatively sold off this week in response to the Federal Reserve indicating another rate hike may come this year, despite deciding to keep interest rates steady on Wednesday.\nProjectionsreleased by the central bank show median rates of 5.6% before year’s end, up from the current range of 5.25% to 5.5%. The suggested hike garnered support from 12 Federal Reserve officials and opposition from 9.\n“We want to see convincing evidence really that we have reached the appropriate level, and we’re seeing progress, and we welcome that,” Fed chair Jerome Powelltoldreporters at a press conference following the decision. “But, you know, we need to see more progress before we’ll be willing to reach that conclusion.”\nAccording to CoinMarketCap,$30Bwas wiped from the combined capitalization of crypto assets, which now sits at $1.05T following the 3% retracement. BTC has since dropped 2.5%, and ETH is down 3% after both assets regained 1% in the past 24 hours.\nSeptember’s close will also coincide with the expiry of $3B worth of quarterly BTC options and $1.8B in contracts tracking Ether.\nLuuk Strijers, the chief commercial officer at crypto options exchange Deribit, told The Defiant that quarterly contracts are typically “the most significant in terms of volume and value,” estimating institutions represent 85% of activity.\nHowever, Strijers said he does not expect to see “strong market moves in the coming week” based on the current positioning of market participants.\nSeptember has been the weakest month for Ethereum’s on-chain activity this year.According to Ultra Sound Money, more than 13,000 ETH ($21M) was added to Ether’s supply since the month began — meaning Ethereum’s burn mechanism failed to offset new ETH entering supply as rewards for validators amid the slump in activity.\nThe low activity has been attributed to the prolonged downturn in the NFT market and the buzz surrounding memecoins dying down.\nHowever, the retracement in on-chain also coincides with Layer 2 transaction throughput settingnew highsmultiple times in recent weeks. Ethereum’s L2 ecosystem processed an average of 64.2 transactions per second (TPS) on Sept. 14, compared to 12.4 TPS on the Ethereum mainnet.\nRead the original post on The Defiant', "In this article, we will be taking a look at the 20 most searched cryptocurrencies in 2023. If you want to skip our detailed analysis of the cryptocurrency market, you can go directly to see 5 Most Searched Cryptocurrencies in 2023 . The Cryptocurrency Market Boom Cryptocurrency is a founding stone that brought the evolution of blockchain technology and then led to the emergence of Non-Fungible Tokens (NFTs), Web3, and the metaverse. A big milestone for the cryptocurrency market was achieved when Bitcoin (BTC) touched the $1,000 mark on November 27, 2013. Earlier in 2013, Bitcoin (BTC) was added as a word to the Oxford English Dictionary, which defined Bitcoin as “a digital currency in which transactions can be performed without the need for a central bank.” Bitcoin (BTC) started to get wider recognition worldwide when the price of BTC almost touched $20,000 in December 2017. The 2017 cryptocurrency market boom changed everything in the world of digital currency. The crypto bull market started in May 2017, when Bitcoin’s price soared over $2,000 for the first time and crossed $3,000 just a few weeks later. At that time, the market forces also showed subsequent turbulence, including BTC’s price dropping by $300 within one hour of the trading session on June 12, 2017. However, the market forces kept the Bitcoin price on the rise. Perhaps one of the major developments was the Wall Street analysts entering the BTC price analysis game. Goldman Sachs analyst Sheba Jafari predicted Bitcoin to cross $3,600 which further led to forecasts from other notable analysts. Bitcoin reached the $20,000 price mark on December 17, 2017, making history in the cryptocurrency market. A few days later, a drop of 30% wiped off billions of dollars from the total cryptocurrency market capitalization, making it one of the biggest market corrections in history. Since then, cryptocurrency has been a highly volatile market with massive pumps and dumps, subsequently. Story continues Crypto Market Outlook If we look at the one-year movement of Bitcoin (BTC), the crypto deity is following an upward trend. The crypto market follows the trend of Bitcoin as it still leads the market sentiment. On August 25, Bloomberg reported that JPMorgan Chase & Co. (NYSE:JPM) analyst Nikolaos Panigirtzoglou mentioned that there is some positive sentiment building around the crypto market based on open interest in CME Bitcoin futures contracts. Based on that, Panigirtzoglou believes that there is a limited downside for crypto markets over the near term. Bitcoin (BTC) continues to trade at about 60% above since the start of 2023, surpassing other well-performing assets like technology stocks . Bitcoin (BTC) is trading at around the $26,700 price mark, as of 6:23 a.m. Eastern Time on September 21. At the same time, BTC is almost up by 40% over the last 12 months. Ethereum (ETH), the second largest crypto asset, is trading at $1,608, up by 20% over the last 12 months. The total cryptocurrency market capitalization on coinmarketcap.com stands at $1.06 trillion, with Bitcoin’s dominance of 49.2% and Ethereum’s dominance of 18.3%, at the time of writing on September 21. The cryptocurrency market has continuously grown despite the regulatory and market upheavals. Crypto is getting more adoption with its existence in the NFTs, Web3, and the metaverse. According to a study from IMARC Group , the global cryptocurrency market size touched $2 trillion in 2022 and it is expected to reach $4 trillion by 2028, growing at a compound annual growth rate of 11.7% between 2023 and 2028. Cryptocurrency for Businesses Today, cryptocurrencies are widely used for business and merchant payments. According to Deloitte , 2,353 U.S. businesses accept Bitcoin, as per an estimate in late 2022. That excludes the use of Bitcoin ATMs. Global companies are also accepting the use of Bitcoin and other top currencies for investment, operational, and transactional purposes. Some of the leading companies that accept Bitcoin (BTC) and other crypto assets include PayPal Holdings, Inc. (NASDAQ:PYPL), Visa Inc. (NYSE:V), Mastercard Incorporated (NYSE:MA), and Tesla, Inc. (NASDAQ:TSLA) - to name a few. For instance, Elon Musk has an immense involvement in the crypto market. Musk has been a great admirer of cryptocurrencies and his companies hold a large portion of Bitcoins. As of the second quarter of 2023, Tesla, Inc. (NASDAQ:TSLA) held digital assets worth $184 billion, which has remained the same for the past three quarters. Apart from that, the world’s largest asset management firm BlackRock, Inc. (NYSE:BLK) has filed for a Bitcoin spot exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The SEC has delayed the ruling until the start of 2024. If BlackRock, Inc. (NYSE:BLK) gets the regulatory approval for a Bitcoin spot exchange-traded fund (ETF), it will become the first company to hold the first crypto spot ETF in the U.S. The crypto industry has created new spaces for companies to enter the market such as crypto exchanges, exchange-traded funds (ETFs), crypto mining, crypto wallets, crypto lending, smart contract platforms, and crypto ATMs, among others. Cryptocurrency exchanges have played a great role in taking digital assets Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,665,844,662 - Hash Rate: 414558853.7494199 - Transaction Count: 441181.0 - Unique Addresses: 685778.0 Social & AI Sentiment: - Fear & Greed Index: 0.44 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Luzern, Switzerland --News Direct-- CypherMindHQ PinionNewswire --- CypherMindHQ has launched what some are calling the ultimate automated crypto trading bot. As digital currencies continue to captivate the investment world, the need for sophisticated yet user-friendly tools has never been higher. Enter CypherMindHQ's latest innovation, a bot designed not just for seasoned traders but for anyone looking to enter the crypto space. This cutting-edge tool is being hailed as a must-have for investors, promising to redefine how we approach cryptocurrency trading. Read on to discover what sets this remarkable new technology apart and why it's creating waves in the industry. Artificial Intelligence in Trading Artificial intelligence is a recurring phenomenon, and nowadays, it’s taking the internet by storm by showing off its capabilities. From creating music and artwork to writing school papers and more, internet users are trying it for everything. Another interesting use of an AI chatbot is to find favourable conditions in the crypto trading market. Luckily, traders don’t have to do this on their own and can rely on trading bots like CypherMindHQ instead. For context, I’m referring to the trading bot application that uses artificial intelligence to help crypto traders make informed decisions regarding the market. CypherMindHQ As stated earlier, CypherMindHQ has launched what some are calling the ultimate automated crypto trading bot. So let’s have a look at what this type of trading bot can offer its users. Choose Your Preferred Cryptocurrencies Let’s start off the CypherMindHQ review with its top feature – offering traders a variety of cryptocurrencies to trade. If you’re part of the crypto trader community, you’ll know that the top coins have great potential for growth. From Bitcoin and Ethereum to XRP and Tether, there are different options that you can choose from. The reason for offering various cryptocurrencies is that it encourages traders to build diverse portfolios. Story continues When you choose to trade more than a single cryptocurrency using this crypto auto trading bot, you increase your chances of encountering favourable conditions. Plus, you won’t be channelling your entire investment into a single coin – rather, you can benefit from growth in different markets. Access Professional Trading Features As a trader, you’ll need access to certain features to improve your trading experience. Fortunately, this crypto auto trading bot provides users with an array of trading tools to help them develop effective strategies. One of the most important aspects is that it uses an intelligent AI chatbot to find various patterns in the market. Although preparing a technical analysis is crucial for traders, the bot can do this in less time. With the power of artificial intelligence, it analyses heaps of data in a very short amount of time. Then, it looks at the data to find a pattern – something that indicates how the market will perform in the future. It provides you with these insights, and you can use it to prepare a strategy. Various Payment Methods Available Lastly, this crypto auto trading bot offers its users different options to make an online deposit. The payment methods include VISA, Mastercard, American Express, PayPal, Skrill, and more. With so many options, it’s clear that it aims to give traders a more personalized experience. Let’s not forget that these are all verified payment options, so you can rest assured while making a deposit. In case you’re worried about entering your financial information on the application, don’t be. That’s because it uses an encryption protocol to prevent user data from falling into the wrong hands. And to make sure you can fully enjoy the gains of your strategies, there are no withdrawal fees. Is CypherMindHQ Legit? In addition to being a highly functional application, CypherMindHQ also has certain aspects that allow for a more convenient user experience. This includes the development of a user-friendly interface, which makes it easy for beginners to navigate through the market. It also has an SSL encryption certificate, so traders can rest assured that the application keeps their data protected from risks of theft. Bottom Line To sum up, the different points I mentioned in my CypherMindHQ review, it’s an efficient tool that can give crypto traders an edge in the market. It allows users to build a diverse crypto portfolio comprising various assets so that they can benefit from different market conditions. It offers a multitude of professional trading features, like an analysis tool that uses AI to help you prepare a strategy. Not to mention, there are various payment methods available to choose from, which makes for a more customized experience. Lastly, it implements the latest cybersecurity measures to keep your data protected. Contact Details CypherMindHQ Noah Horton (CEO) [email protected] View source version on newsdirect.com: https://newsdirect.com/news/cyphermindhq-unveils-the-ultimate-automated-crypto-trading-bot-every-investor-must-have-490470855... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Ether (ETH) has reverted to be inflationary amid plunging activity on Ethereum, which could weigh on the token’s price, analysts say.\nNetwork fees, a proxy for usage, plunged more than 9% this week to $22.1 million, lowest in nine months, data by blockchain analytics firm IntoTheBlock shows.\nConsequently, the supply of ETH, Ethereum’s native token, has been increasing as fewer tokens were destroyed – burned – to verify transactions than created,Ultrasound.moneydata shows.\nThe decline in network fees is partly driven by the adoption of layer 2 networks and will likely continue in the near term, Lucas Outumuro, research head at IntoTheBlock, told CoinDesk in a Telegram chat.\n“[This trend] may be putting some pressure on the second largest crypto-asset, as its supply has been growing over the past month, reverting its deflationary trend,” IntoTheBlock wrote in a report.\nEther’sdeflationarynarrative emerged afterlast year’s Merge, amajor upgradefor the network that saw Ethereum transitioning from a proof-of-work consensus mechanism to proof-of-stake, profoundly altering the cryptocurrency’s supply dynamics.\nDuring busy periods, the network burns more tokens than created, curbing its supply, which is usually considered bullish for the price. However, when network demand is low, the dynamic flips.\nIntoTheBlock joined a roster of crypto observers who noted bearish developments for ETH.\nJPMorgan analysts said in a reportearlier this week that Ethereum’s much-anticipated Shanghai upgrade failed to boost network activity, as transaction counts, active addresses and total value locked on the blockchain have all fallen since April.\nCrypto services provider Matrixport reiterated its negative outlook for the crypto asset compared to BTC in a Friday market update, citing “shockingly low revenues” and “lack of buzz” around the next protocol update. The firm forecasted earlier this month that ETH could fall to as low as $1,000 if the trend continues.\nETH has recently changed hands at $1,591 and dropped to a14-month low priceagainst BTC.', 'Bitcoin fell Monday morning in Asia to trade below US$26,300. Ether also dipped and remained below the US$1,600 mark. All other top 10 non-stablecoin cryptocurrencies were down. Toncoin led the losers with a slide of over 4% over the past 24 hours. The retreat in cryptos follows the U.S. Federal Reserve’s hawkish policy stance at its September meeting. Although it paused interest hikes, the Fed signalled another raise to come by the end of the year, with rates to remain higher for longer than anticipated. U.S. stock futures were up during early morning trading in Asia. All three major U.S. indexes closed lower on Friday for a week of losses.\nBitcoin dropped 1.22% in the last 24 hours to US$26,252.57 as of 07:40 a.m. in Hong Kong, according toCoinMarketCapdata. The world’s largest cryptocurrency posted a weekly loss of 0.91%. It was hovering above US$26,500 over the weekend but lost the support line early Monday morning.\n“Overall, the trend is down and stays bearish,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, wrote in a report Monday.\nAs Bitcoin failed to break its 50-day moving average ofUS$26,876, more downward movement is expected.\n“If Bitcoin trades below US$26,000 then the market might attempt another break lower,” Thielen said. He added that “October tends to be seasonal bullish for Bitcoin, but we would stay cautious without a break above its 50d MA.”\nEther dipped 0.86% to US$1,579.12, trading 2.52% lower for the week. The world’s second largest cryptocurrency fell below the US$1,600 support level for the first time since Thursday.\n“We mostly worry about Ethereum as weak fundamentals plus a lack of hype around the EIP-4844 upgrade (which should come sometime in Q4 2023) could make the blockchain slowly obsolete,” said Thielen.\n“Ethereum’s failure to rally above US$1,650 is of the utmost concern as a break lower could have major implications for the altcoin sentiment,” Thielen added.\nEIP-4844, also known as the Ethereum Cancun Upgrade, is a proposed Ethereum upgrade that aims to improve the speed and cost-effectiveness of the Ethereum network.\nThe average fee on the Ethereum blockchain dropped to around US$1.15 per transaction on Saturday, the lowest level since December 2022, according to blockchain intelligence firm Santiment.\n“Historically, we see utility begin rising as $ETH becomes more affordable to circulate. Increased utility can then lead to recovering market cap levels,” wrote Santiment in a Saturday Twitter post.\nAll other top 10 non-stablecoin cryptocurrencies posted losses for the past 24 hours. Toncoin led the losers, falling 4.22% to US$2.20 for a weekly loss of 3.98%. But the native token of the Open Network (TON) still posted a monthly rise of more than 50%\nThe total crypto market capitalization dropped 1.0% in the past 24 hours to US$1.04 trillion, while trading volume edged up 8.42% to US$17.64 billion.\nU.S. stock futures were trading higher as of 09:50 a.m. in Hong Kong. Wall Street closed lower on Friday, with the Dow Jones Industrial Average leading the losers with a 0.31% drop.\nAll three major U.S. indexes closed the week lower. The S&P 500 and the Nasdaq dropped 2.93% and 3.62% respectively, both registering their largest weekly declines since March.\nMost major Asian stock indexes were down Thursday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng, and South Korea’s Kospi all dropped. The Hang Seng led the losses with a 0.99% decline while Japan’s Nikkei was up 0.61%.\nInvestors are digesting the Federal Reserve’s hawkish monetary policy outlook. The U.S. central bank on Wednesday kept its interest rates unchanged between 5.25% and 5.50%, butrevisedits economic projection to indicate one more interest rate hike by the end of 2023. It also projects slower-than-expected rate cuts throughout 2024.\nZachary Hill, head of portfolio management at the U.S.-based investment manager Horizon Investments, toldReuterson Saturday that the past week has seen “some Fed messaging colliding with overly optimistic equity investors.”\nThose investors have “wanted to trade peak interest rates for almost a year now.” But the Fed Chair Jerome Powell’sspeechand the Fed’s projection showed that the central bank “doesn’t think we’re there yet,” said Hill.\nFollowing the Fed’s remarks, U.S. 10-year treasury yields closed at 4.44% on Friday, after brieflyrisingabove 4.5% on Thursday for the first time since 2007.\nExplaining the central bank’s hawkish stance, Fed governor Michelle Bowmansaidon Friday thelatest consumer price index(CPI) indicated a rise in inflation. That coincides with risingoil prices. Bowman said that the continued risk of rising energy prices could “reverse some of the progress” she said has been made on inflation in recent months.\n“I expect it will likely be appropriate for the Committee to raise rates further and hold them at a restrictive level for some time to return inflation to our 2 percent goal in a timely way,” Bowman added.\nThe global oil price benchmark Brent futures traded at around US$92 as of 10:30 a.m. in Hong Kong. That is an increase of over 11% in the past 30 days. Morgan Stanley on Thursday raised its fourth-quarter Brent forecast from US$82.5 per barrel to US$95. But the U.S. investment giant said a price above US$100 would seem “stretched”, according to a note viewed byReuters.\nThe Fed meets on Nov. 1 to make its next decision on interest rates. TheCME FedWatch Toolpredicts a 74.6% chance of no interest rate hike in November, up from 73.8% on Friday. It also gives a 59.3% chance of another pause in December, up from 54.8% on Friday.\nElsewhere, S&P on Monday lowered its projection for China’s 2023 economic growth from 5.2% to 4.8%. Itcitedthe country’s limited fiscal and monetary easing policies as reasons for the decline.\n(Updates with equity section.)', 'Bitcoin fell Monday morning in Asia to trade below US$26,300. Ether also dipped and remained below the US$1,600 mark. All other top 10 non-stablecoin cryptocurrencies were down. Toncoin led the losers with a slide of over 4% over the past 24 hours. The retreat in cryptos follows the U.S. Federal Reserve’s hawkish policy stance at its September meeting. Although it paused interest hikes, the Fed signalled another raise to come by the end of the year, with rates to remain higher for longer than anticipated. U.S. stock futures were up during early morning trading in Asia. All three major U.S. indexes closed lower on Friday for a week of losses. Bitcoin below US$26,300 with more declines expected Bitcoin dropped 1.22% in the last 24 hours to US$26,252.57 as of 07:40 a.m. in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency posted a weekly loss of 0.91%. It was hovering above US$26,500 over the weekend but lost the support line early Monday morning. “Overall, the trend is down and stays bearish,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, wrote in a report Monday. As Bitcoin failed to break its 50-day moving average of US$26,876 , more downward movement is expected. “If Bitcoin trades below US$26,000 then the market might attempt another break lower,” Thielen said. He added that “October tends to be seasonal bullish for Bitcoin, but we would stay cautious without a break above its 50d MA.” Ether dipped 0.86% to US$1,579.12, trading 2.52% lower for the week. The world’s second largest cryptocurrency fell below the US$1,600 support level for the first time since Thursday. “We mostly worry about Ethereum as weak fundamentals plus a lack of hype around the EIP-4844 upgrade (which should come sometime in Q4 2023) could make the blockchain slowly obsolete,” said Thielen. “Ethereum’s failure to rally above US$1,650 is of the utmost concern as a break lower could have major implications for the altcoin sentiment,” Thielen added. EIP-4844 , als Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $511,375,476,269 - Hash Rate: 411719409.5456568 - Transaction Count: 285750.0 - Unique Addresses: 635909.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Brigid Riley TOKYO, Sept 20 (Reuters) - The dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day. The U.S. dollar index, which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed's rate decision. Markets expect the Fed will almost certainly keep rates on hold at 5.25% to 5.50%, putting the focus on the central bank's forward guidance. Futures markets are pricing in a 30% likelihood of a quarter-point increase in November or 40% chance it will be in December, according to CME FedWatch tool. "We expect the FOMC to retain its forecast of one extra 25 hike by year-end, though it will not follow through with it in our view," said Carol Kong, economist and currency strategist at the Commonwealth Bank of Australia. Dollar/yen could see some upside pressure after a hawkish FOMC meeting, she added. The yen last sat nearly 0.1% higher at 147.77 versus the greenback, off Tuesday's low of 147.92 though hovering near the 10-month trough against the dollar ahead of the FOMC announcement. Speculation increased about a possible sooner-than-expected exit from the Bank of Japan's ultra-loose policy, but the central bank will most likely keep interest rates ultra-low on Friday and reassure markets that monetary stimulus will stay for the time being amid economic uncertainty. Japan's top financial diplomat, Masato Kanda, reiterated warnings on Wednesday, saying Japanese authorities are always in close communication on currencies with U.S. and overseas policymakers while keeping a close watch on market moves with a "high sense of urgency". Meanwhile, the Australian dollar, a proxy for China growth, rose almost 0.1%, holding onto gains after minutes of the Reserve Bank of Australia's latest policy meeting signalled more interest rate increases to come. The New Zealand dollar ticked up over 0.2% against the dollar near $0.5950. The euro and sterling stood mostly unchanged in the Asian morning, at $1.0680 and $1.2391 respectively. Market eyes will be on UK CPI released on Wednesday, the last bit of inflation data to squeeze in before the Bank of England makes their rate decision on Thursday. In cryptocurrencies, bitcoin BTC=BTSP hovered around $27,210, after touching a three-week high on Tuesday. (Reporting by Brigid Riley. Editing by Gerry Doyle)... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin traded flat below US$26,300 Tuesday morning in Asia. Ether also edged up but remained below the US$1,600 mark. Most other top 10 non-stablecoin cryptocurrencies, while recording marginal gains in the past 24 hours, logged losses for the week. Cardano’s ADA led the winners. Cryptos, along with global equities, face pressure from interest rate hike concerns and rising treasury yields. U.S. stock futures were flat during early morning trading in Asia after Wall Street closed higher on Monday. That rise broke a four-day losing streak triggered by hawkishness from the U.S. Federal Reserve.\nBitcoin was little changed as of 07:40 a.m. in Hong Kong, trading at US$26,276.60 for a weekly loss of 1.78%, according toCoinMarketCapdata. The world’s largest cryptocurrency dropped to US$26,011.47 on Monday evening, the lowest price since Sept. 13.\nEther also remained flat. It edged up 0.35% to US$1,586.87 but is down 3.06% for the past seven days. The token touched a high of US$1,595.84 on early Tuesday morning, but failed to move above the US$1,600 resistance level.\n“Cryptocurrency market sentiment remains weak, amid declines in global stock markets, a strong dollar and rising yields putting pressure on risk assets,” Hani Abuagla, senior market analyst at online trading broker XTB MENA, said in an emailed comment.\n“The economic policies enacted by central banks, particularly the Federal Reserve, have redirected capital towards less risky investments such as government bonds,” said Matteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, in an emailed note.\n“These bonds currently offer an attractive risk/reward ratio, offering a passive income while mitigating portfolio risk,” Greco added.\nCiting data from blockchain tracker Glassnode, XTB MENA’s Abuagla noted that over 97.5% of addresses owned by short-term Bitcoin holders are posting losses — an 11 month high. Short-term holders (STH) are those traders that have bought Bitcoin over the last 155 days.\n“This may mean that the pressure to sell BTC at a loss in the STH pool may be growing, as evidenced by the previous pattern of on-chain behavior (when the price fell below the average STH purchase price of BTC),” said Abuagla.\nMeanwhile, Abuagla said that a drop in Bitcoin prices could be a “contrary signal” indicating an oversold market. That may present a potential accumulation opportunity for long-term investors, he added.\nMicroStrategy, the U.S.-based analytics firm founded by Michael Saylor,revealedon Monday it purchased nearly US$150 million worth of Bitcoin from Aug.1 to Sept. 24 at an average price of about US$27,053 per coin.\nAs of Sept. 24, MicroStrategy held around 158,245 bitcoins, which were acquired at an aggregate purchase price of roughly US$4.68 billion.\n“While this is bullish and shows continued faith and strong buying pressure, crypto markets didn’t really react. Ironically, MicroStrategy’s buying announcements have historically been followed by mild pull-backs instead of rises, and the crypto space might be cautious about buying,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\n“The whole thing happens in an environment where investors are still digesting the Fed’s speech hinting at higher rates for longer, and therefore presumed lower valuations for most risk assets,” added d’Anethan.\nMost other top 10 non-stablecoin cryptocurrencies posted gains for the past 24 hours. Cardano’s ADA led the winners. The token rose 1.10% to US$0.2453 but lost 2.49% for the week.\nToncoin was the only top-10 non-stablecoin token to record a 24-hour loss. It dropped 1.83% to US$2.16 for a weekly loss of 10.28%.\nThe total crypto market capitalization edged up 0.28% in the past 24 hours to US$1.05 trillion, while trading volume rose 40.50% to US$24.94 billion.\nU.S. stock futures were trading lower as of 09:50 a.m. in Hong Kong. The Nasdaq led the losses with a 0.40% drop. Wall Street closed higher Monday following a sharp decline Friday.\nMost major Asian stock indexes were down Tuesday morning. Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei 225 all dipped. The Kospi led the declines with a 1.14% drop. China’s Shanghai Composite edged up 0.14%.\nBoth the S&P and Nasdaq indexes last Friday logged their biggest weekly losses since March. That followed U.S. Federal Reserve comments last week indicating it will keep interest rates higher for longer.\nChuck Carlson, chief executive officer at the U.S.-based investment advisor Horizon Investment Services, toldReutersTuesday that he sees a “tug of war” dynamic playing among investors. There are now two groups, he said. Those concerned by Fed hawkishness and “bulls wondering maybe we have seen the correction and we can start to build from these levels higher.”\nKey economic data releases this week include the U.S. second-quarter gross domestic output (GDP) and personal consumption expenditure price index (PCE). Both are expected Thursday. Analysts project an acceleration in U.S. GDP growth and a slowdown in core PCE, according toInvesting.com.\nThe benchmark U.S. 10-year treasury yield rose on Monday to close at 4.542%. That was thehighest closing pricesince October 2007.\nThe Fed meets on Nov. 1 to make its next decision on interest rates. TheCME FedWatch Toolpredicts a 81.5% chance of no interest rate hike in November, up from 74.6% on Monday. It also gives a 60.9% chance of another pause in December, up from 59.3% on Monday.\nMeanwhile, the crisis at China’s real estate giant Evergrande Group worsened Monday. The firm’s mainland China unit, Hengda Real Estate Group Co.,defaultedon principal and interest payments totaling about US$547 million due Sept. 25. The firm’s shares dropped 21.8% on Monday to their lowest closing level since Sept. 5.\nEvergrandefiledfor U.S. bankruptcy protection in August 2023 after itsdefaulton a dollar bond in December 2021 triggered widespread turmoil in the Chinese real estate industry.\n(Updates with equity section.)', 'Bitcoin traded flat below US$26,300 Tuesday morning in Asia. Ether also edged up but remained below the US$1,600 mark. Most other top 10 non-stablecoin cryptocurrencies, while recording marginal gains in the past 24 hours, logged losses for the week. Cardano’s ADA led the winners. Cryptos, along with global equities, face pressure from interest rate hike concerns and rising treasury yields. U.S. stock futures were flat during early morning trading in Asia after Wall Street closed higher on Monday. That rise broke a four-day losing streak triggered by hawkishness from the U.S. Federal Reserve. Losses for short-term Bitcoin holders Bitcoin was little changed as of 07:40 a.m. in Hong Kong, trading at US$26,276.60 for a weekly loss of 1.78%, according to CoinMarketCap data. The world’s largest cryptocurrency dropped to US$26,011.47 on Monday evening, the lowest price since Sept. 13. Ether also remained flat. It edged up 0.35% to US$1,586.87 but is down 3.06% for the past seven days. The token touched a high of US$1,595.84 on early Tuesday morning, but failed to move above the US$1,600 resistance level. “Cryptocurrency market sentiment remains weak, amid declines in global stock markets, a strong dollar and rising yields putting pressure on risk assets,” Hani Abuagla, senior market analyst at online trading broker XTB MENA, said in an emailed comment. “The economic policies enacted by central banks, particularly the Federal Reserve, have redirected capital towards less risky investments such as government bonds,” said Matteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, in an emailed note. “These bonds currently offer an attractive risk/reward ratio, offering a passive income while mitigating portfolio risk,” Greco added. Citing data from blockchain tracker Glassnode, XTB MENA’s Abuagla noted that over 97.5% of addresses owned by short-term Bitcoin holders are posting losses — an 11 month high. Short-term holders (STH) are those traders that have bought Bitcoin over the last 155 days. Story continues “This may mean that the pressure to sell BTC at a loss in the STH pool may be growing, as evidenced by the previous pattern of on-chain behavior (when the price fell below the average STH purchase price of BTC),” said Abuagla. Meanwhile, Abuagla said that a drop in Bitcoin prices could be a “contrary signal” indicating an oversold market. That may present a potential accumulation opportunity for long-term investors, he added. MicroStrategy, the U.S.-based analytics firm founded by Michael Saylor, revealed on Monday it purchased nearly US$150 million worth of Bitcoin from Aug.1 to Sept. 24 at an average price of about US$27,053 per coin. As of Sept. 24, MicroStrategy held around 158,245 bitcoins, which were acquired at an aggregate purchase price of roughly US$4.68 billion. “While this is bullish and shows continued faith and strong buying pressure, crypto markets didn’t really react. Ironically, MicroStrategy’s buying announcements have historically been followed by mild pull-backs instead of rises, and the crypto space might be cautious about buying,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. “The whole thing happens in an environment where investors are still digesting the Fed’s speech hinting at higher rates for longer, and therefore presumed lower valuations for most risk assets,” added d’Anethan. Most other top 10 non-stablecoin cryptocurrencies posted gains for the past 24 hours. Cardano’s ADA led the winners. The token rose 1.10% to US$0.2453 but lost 2.49% for the week. Toncoin was the only top-10 non-stablecoin token to record a 24-hour loss. It dropped 1.83% to US$2.16 for a weekly loss of 10.28%. The total crypto market capitalization edged up 0.28% in the past 24 hours to US$1.05 trillion, while trading volume rose 40.50% to US Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $510,460,144,838 - Hash Rate: 386164411.7117884 - Transaction Count: 309789.0 - Unique Addresses: 624716.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: In this article, we will be taking a look at the 25 countries that mine the most Bitcoin. To skip our detailed analysis, you can go directly to see the 5 countries that mine the most Bitcoin . Bitcoin, and bitcoin mining in particular, has been one of the most controversial discussions in the past decade, with arguments ranging from it being the savior of private finance to it being considered one of the biggest scams in history. Regardless of what one may think, and despite volatile fluctuations, Bitcoin started to become mainstream in 2017, 8 years after its creation, when the first Bitcoin bubble resulted in explosive popularity, which in turned led to many people losing their life savings after the crash happened. Amid the Covid-19 pandemic, Bitcoin then reached its best ever run in 2021, with an all-time high of around $68,000 in November 2021, only to crash spectacularly over the next year as well. However, by that point in time, the demand for cryptocurrency, not just limited to Bitcoin, had increased massively, with other cryptocurrencies growing even more and major cryptocurrency exchanges such as Coinbase Global, Inc. (NASDAQ: COIN ) going public in 2021, and is among the best cryptocurrency exchanges and apps in May 2023 . 25 countries that mine the most Bitcoin Companies driving Bitcoin mining For Bitcoin to be created, it has to be mined, a process which has a significant environmental footprint and has been called out for being damaging to the environment. As cryptocurrencies were seeing their values soar, more and more people started to mine Bitcoin due to higher potential margins, especially in the countries that mine the most Bitcoin, and an important component of possessing the firepower needed to be able to mine Bitcoin are graphics cards, which is where NVIDIA Corporation (NASDAQ:NVDA) came in. One of the only companies in the world with a market cap of $1 trillion, it's known more for being a top AI company right now, but is also famous among gamers and cryptocurrency miners for its GPUs. With enthusiasm for cryptocurrency declining as the value of top such currencies fell amid scandals including the collapse of FTX (even though it isn't among the biggest bankruptcies in American history ) and the collapse of Celsius, there has been some impact on NVIDIA Corporation (NASDAQ:NVDA). However, the cryptocurrency, while still far away from all-time highs, has had a new lease on life in 2023, with Bitcoin's value increasing and more people in the countries that mine the most Bitcoin once again increasing their mining operations, and while AI has been the biggest driver of NVIDIA Corporation's (NASDAQ:NVDA) more than 200% YTD share price gain, cryptocurrency has played a part. At its peak, the use of GPUs were so in demand, even the SEC took notice with the regulator stating the company “failed to disclose that crypto mining was a significant element of its material revenue growth from the sale of its GPUs designed and marketed for gaming”, and resulted in a $5.5 million fine. Story continues One challenge that companies which produce equipment used in cryptocurrency mining is Ethereum's shift form proof of work to proof of stake will significantly reduce mining requirements and hence, a huge part of demand for cryptocurrency will end as the second largest cryptocurrency will no longer require it. Cryptocurrency industry outlook While the top cryptocurrencies have performed brilliantly in the first half of 2023, it is important to remember that Bitcoin and Ethereum, the two biggest cryptocurrencies in the world, are nowhere near their all-time highs, and so far, have been a bit dismal in the second half of 2023 despite a court ruling against the SEC and in favor of the company which made XRP. Recently, another major cryptocurrency called Worldcoin was launched by the CEO of OpenAI, the company responsible for ChatGPT and the project focuses on identifying whether a person online is real or AI, something which is becoming an increasing concern in today's world. Meanwhile, though cryptocurrency is currently mainly focused on trading even while providing various applications, it is expected to move more towards nontrading uses as echoed by Coinbase Global, Inc. (NASDAQ:COIN) in its Q2 2023 earnings call "The first 10 years in crypto were primarily about trading, but we've seen our customer base shift its activity over time where the majority of our active customers now do something with crypto other than trading. My belief is that the next 10 years in crypto will become predominantly about nontrading use cases. So, what could some of those be? Well, payments is a big one. As the scalability of blockchain improves by moving to Layer 2 solutions like Lightning, Optimism, and Base, we'll see payments emerge as a larger use case. Getting more scalable blockchains will be as important as the internet moving from dial-up to broadband. We'll also see the rise of decentralized identity systems with decentralized messaging and social apps that will accompany those connected right into those decentralized identities." Coinbase Global, Inc. (NASDAQ:COIN) has had an excellent performance in the first two quarters, which has led to its share price increasing by 120% YTD. Methodology To determine the countries that mine the most Bitcoin, we referred a study carried out by Cambridge University which shows the percentage share of each country by month. We have considered statistics for both January 2022 and December 2021, and used the average of these rankings to determine our list. 25. Italy Monthly hashrate share in Jan 22: 0.11% Italy has one of the highest prices for Bitcoin mining, which is why miners are considering other countries, and if this continues, Italy will soon drop off our list. 24. Mexico Monthly hashrate share in Jan 22: 0.11% Mexico's importance in cryptocurrency mining can be seen by the fact that the World Digital Mining Summit 2022 was held in Cancun where the focus was on proof-of-work power, not to mention exploring additional industry trends. 23. Iran Monthly hashrate share in Jan 22: 0.12% Iran has used Bitcoin mining as a method to evade sanctions, as earnings from cryptocurrencies allow it to spend hundreds of millions of dollars while avoiding embargoes posted by Western nations. 22. Libya Monthly hashrate share in Jan 22: 0.14% Despite being an attractive destination for Bitcoin miners, Libya's government has also started imposing crackdowns in the country, with a recent one resulting in dozens of arrests. 21. Paraguay Monthly hashrate share in Jan 22: 0.15% One of the biggest Bitcoin mining countries in South America, Paraguay recently saw Bitfarms, a Bitcoin mining company, expand operations further after it managed to secure two hydropower contracts. 20. Ukraine Monthly hashrate share in Jan 22: 0.15% While Ukraine has benefited massively from cryptocurrency donations in the Russia-Ukraine war, but is likely to drop out of this list as Bitcoin mining operations have been hugely impacted from the war. 19. Netherlands Monthly hashrate share in Jan 22: 0.21% A giant greenhouse in the Netherlands is actually using heat from Bitcoin mining to grow cash crops including tulips, with both ironically being associated with financial bubble at their peak. 18. France Monthly hashrate share in Jan 22: 0.21% One month ago, the first fully-licensed cryptocurrency provider was formed as a subsidiary of Société Générale. 17. Georgia Monthly hashrate share in Jan 22: 0.23% One of the biggest Bitcoin mining companies in the world CleanSpark, Inc. (NASDAQ: CLSK ) is purchasing 2 Georgian facilities for a total of $9.3 million, showcasing Georgia's attractiveness to Bitcoin miners. 16. United Kingdom Monthly hashrate share in Jan 22: 0.23% The Department for Environment, Food and Rural Affairs recently gave out a contract to a company which will explore opportunities to carry out Bitcoin mining operations at UK landfill sites. 15. Japan Monthly hashrate share in Jan 22: 0.23% The biggest utility company in Japan, TEPCO, has agreed to mine Bitcoin from the excess energy it generates, partnering with a local semiconductor company in this project. 14. Brazil Monthly hashrate share in Jan 22: 0.33% Brazil is a major advocate of cryptocurrency, and in June 2023, the country's central bank provided a payment provider license to Mercado Bitcoin, a cryptocurrency exchange in the country. 13. Indonesia Monthly hashrate share in Jan 22: 0.35% While many countries in our list are clamping down on Bitcoin mining, Indonesia is exploring ways in which Bitcoin adoption will provide benefits to the country, and hence, could likely see Indonesia's rank improve in the coming years. 12. Australia Monthly hashrate share in Jan 22: 0.36% An Australian company Arkon Energy raised $22 million in November 2022 to further expand Bitcoin mining operations based on renewable energy, as Bitcoin miners try to shed their image of greatly damaging the environment. 11. Norway Monthly hashrate share in Jan 22: 0.74% There is abundant hydropower in Norway, which has contributed to many cryptocurrency miners forming their base in the Nordic country. 10. Sweden Monthly hashrate share in Jan 22: 0.84% While Sweden is among the countries with the highest Bitcoin mining rates, a major tax hike in 2023 is likely to further impact an already declining industry in the country. 9. Thailand Monthly hashrate share in Jan 22: 0.96% Bitcoin mining has been hampered by actions against miners by authorities across the world and Thailand is no exception, with thousands of cryptocurrency mining rigs seized in late 2022. 8. Ireland Monthly hashrate share in Jan 22: 1.97% The fall in Bitcoin prices has greatly reduced margins for Bitcoin miners especially in Ireland where the cost of mining Bitcoin is especially high. Globally, Bitcoin mining is said to consume more electricity in a year than the entire country of Ireland. 7. Malaysia Monthly hashrate s... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dipped on Wednesday morning in Asia to trade range-bound below US$26,300. Ether edged higher but failed to reclaim the US$1,600 mark. Other top 10 non-stablecoin cryptocurrencies traded mixed in the past 24 hours, with Binance’s BNB token leading the winners. The Open Network’s (TON) Toncoin led the losers. U.S. stock futures were up during early morning trading in Asia after Wall Street recorded losses of over 1% on Tuesday. More key inflation data is expected Thursday as investors look out for signs of a U.S. recession and further interest rate hikes. Mega-cap tech giants including Amazon, Apple and Tesla led the Wall Street declines.\nBitcoin edged 0.28% lower to US$26,209.51 in the 24 hours to 07:40 a.m. in Hong Kong for a weekly loss of 3.70%, according toCoinMarketCapdata. The world’s largest cryptocurrency fell to US$26,090.71 on Tuesday evening. But it managed to stay above the US$26,000 support level maintained for the past 14 days.\nWith Bitcoin staying “firm within its September trading range,” blockchain analytics firm K33 Research wrote in an emailed note, “a narrowing trading range accompanied by a slow news cycle has provided traders with few reasons to participate actively in the market.”\nThe options pricing of Bitcoin derivatives on the CME market “shows a more positive longer term than short-term outlook but has become slightly more bearish in tandem with BTC’s price decline over the last week,” the K33 report added.\nEther was also trading flat. It edged up 0.33% to US$1,592.60 over the past 24 hours but lost 3.10% for the week. The token hit US$1,598.10 on Tuesday evening. But it failed to rise above the US$1,600 level it gave up on Sunday.\nWhile Ether is trading near a14-month lowagainst Bitcoin (0.061 BTC per ETH), that trend could be about to change, K33 report.\n“We reiterate our stance that rotating towards ETH is a sound play for the coming months, as futures-based ETFs can turn the trend. The first half of October will be pivotal in that regard, as the final deadlines for the ongoing futures ETH ETFs are coming up in this period,” wrote K33.\nMost other top 10 non-stablecoin cryptocurrencies booked losses for the past 24 hours. The exceptions were Ether, Binance’s BNB and Tron’s TRX. Toncoin continued to lead the losses. It dropped 1.66% in the past 24 hours to US$2.12 for a weekly decline of 17.75%.\nBNB, the native token of cryptocurrency exchange Binance Holdings Ltd, led the winners. The coin gained 1.06% to US$212.17, but it recorded a weekly loss of 2.30%.\nBNB’s daily rise coincided with theannouncementTuesday that Binance, the world’s largest crypto exchange, is collaborating with Japan’s largest banking group Mitsubishi UFJ Trust and Banking Corporation to issue fiat-pegged stablecoins in 2024.\nThe total crypto market capitalization dipped 0.28% in the past 24 hours to US$1.04 trillion, while trading volume dropped 10.02% to US$22.56 billion.\nU.S. stock futures were trading higher as of 09:40 a.m. in Hong Kong. The S&P 500 futures led the gains with a 0.21% increase. Wall Street closed lower Tuesday with all three major indexes booking losses of over 1%. The Nasdaq Composite led the losers with a 1.57% slide.\nMajor Asian stock indexes were mixed on Tuesday morning. China’s Shanghai Composite and Hong Kong’s Hang Seng booked gains, while South Korea’s Kospi and Japan’s Nikkei 225 dipped.\nU.S. economic data released Tuesday raised fears of recession. TheConsumer Confidence Indextracked by the Conference Board dropped to 103.0 in September, lower than the analysts’ expectation of105.5.\nThe data showed that “consumers continued to be preoccupied with rising prices in general, and for groceries and gasoline in particular,” wrote Dana Peterson, chief economist at The Conference Board.\n“Consumers also expressed concerns about the political situation and higher interest rates,” Peterson said.\nThe Expectations Index, based on consumers’ short-term outlook for income, business, and labor market conditions, declined to 73.7 in September from 83.3 in August. A reading below 80 signals a recession within the next year, according to the Conference Board.\n“Consumers may be hearing more bad news about corporate earnings, while job openings are narrowing, and interest rates continue to rise — making big-ticket items more expensive,” wrote Peterson.\nMeanwhile,new single-family home salesin the U.S. fell 8.7% to a seasonally adjusted annual rate of 675,000 in August, lower than the analysts’ projection of 698,000. The tight house supply, elevated prices and historically high mortgage rates contributed to the drop in home sales, according toBloombergon Wednesday.\nThe Federal Reserve in September kept interest rates unchanged between 5.25% and 5.50%, the highest level since early 2001. But the central bank might need to make another 25-basis-point rate hike by the end of 2023, and keep the rates higher for longer, according toremarksfrom Fed Chair Jerome Powell last Wednesday.\nThe Fed meets on Nov. 1 to make its next decision on interest rates. TheCME FedWatch Toolpredicts a 82.5% chance of no interest rate hike in November, up from 81.5% on Tuesday. It also gives a 65.8% chance of another pause in December, up from 60.9% on Tuesday\nOn the corporation front, the U.S. online retail giant Amazon.com, Inc. was among the worst performers on Tuesday. Its share price closed 4.03% lower. The Federal Trade Commission and 17 statessuedAmazon Tuesday, claiming the firm wields illegal monopoly power.\nThe share prices of technology giants Apple, Inc. and Tesla, Inc. also dropped 2.34% and 1.16 respectively on Tuesday.\nInvestors are now waiting for the U.S. second-quarter personal consumption expenditure price index (PCE) on Thursday, which will provide further insights into inflation.\nElsewhere, China’s monthly industrial profits in Augustsurprisingly rose17.2% from a year earlier, reversing a 6.7% annual decline in July. The industrial profit from January to August fell 11.7% from the same period last year. But the drop decelerated compared to a 15.5% slide in the first seven months of the year.\n(Updates with equity section.)', 'Bitcoin dipped on Wednesday morning in Asia to trade range-bound below US$26,300. Ether edged higher but failed to reclaim the US$1,600 mark. Other top 10 non-stablecoin cryptocurrencies traded mixed in the past 24 hours, with Binance’s BNB token leading the winners. The Open Network’s (TON) Toncoin led the losers. U.S. stock futures were up during early morning trading in Asia after Wall Street recorded losses of over 1% on Tuesday. More key inflation data is expected Thursday as investors look out for signs of a U.S. recession and further interest rate hikes. Mega-cap tech giants including Amazon, Apple and Tesla led the Wall Street declines.\nBitcoin edged 0.28% lower to US$26,209.51 in the 24 hours to 07:40 a.m. in Hong Kong for a weekly loss of 3.70%, according toCoinMarketCapdata. The world’s largest cryptocurrency fell to US$26,090.71 on Tuesday evening. But it managed to stay above the US$26,000 support level maintained for the past 14 days.\nWith Bitcoin staying “firm within its September trading range,” blockchain analytics firm K33 Research wrote in an emailed note, “a narrowing trading range accompanied by a slow news cycle has provided traders with few reasons to participate actively in the market.”\nThe options pricing of Bitcoin derivatives on the CME market “shows a more positive longer term than short-term outlook but has become slightly more bearish in tandem with BTC’s price decline over the last week,” the K33 report added.\nEther was also trading flat. It edged up 0.33% to US$1,592.60 over the past 24 hours but lost 3.10% for the week. The token hit US$1,598.10 on Tuesday evening. But it failed to rise above the US$1,600 level it gave up on Sunday.\nWhile Ether is trading near a14-month lowagainst Bitcoin (0.061 BTC per ETH), that trend could be about to change, K33 report.\n“We reiterate our stance that rotating towards ETH is a sound play for the coming months, as futures-based ETFs can turn the trend. The first half of October will be pivotal in that regard, as the final deadlines for the ongoing futures ETH ETFs are coming up in this period,” wrote K33.\nMost other top 10 non-stablecoin cryptocurrencies booked losses for the past 24 hours. The exceptions were Ether, Binance’s BNB and Tron’s TRX. Toncoin continued to lead the losses. It dropped 1.66% in the past 24 hours to US$2.12 for a weekly decline of 17.75%.\nBNB, the native token of cryptocurrency exchange Binance Holdings Ltd, led the winners. The coin gained 1.06% to US$212.17, but it recorded a weekly loss of 2.30%.\nBNB’s daily rise coincided with theannouncementTuesday that Binance, the world’s largest crypto exchange, is collaborating with Japan’s largest banking group Mitsubishi UFJ Trust and Banking Corporation to issue fiat-pegged stablecoins in 2024.\nThe total crypto market capitalization dipped 0.28% in the past 24 hours to US$1.04 trillion, while trading volume dropped 10.02% to US$22.56 billion.\nU.S. stock futures were trading higher as of 09:40 a.m. in Hong Kong. The S&P 500 futures led the gains with a 0.21% increase. Wall Street closed lower Tuesday with all three major indexes booking losses of over 1%. The Nasdaq Composite led the losers with a 1.57% slide.\nMajor Asian stock indexes were mixed on Tuesday morning. China’s Shanghai Composite and Hong Kong’s Hang Seng booked gains, while South Korea’s Kospi and Japan’s Nikkei 225 dipped.\nU.S. economic data released Tuesday raised fears of recession. TheConsumer Confidence Indextracked by the Conference Board dropped to 103.0 in September, lower than the analysts’ expectation of105.5.\nThe data showed that “consumers continued to be preoccupied with rising prices in general, and for groceries and gasoline in particular,” wrote Dana Peterson, chief economist at The Conference Board.\n“Consumers also express Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $521,554,614,062 - Hash Rate: 445792739.99081457 - Transaction Count: 337265.0 - Unique Addresses: 621414.0 Social & AI Sentiment: - Fear & Greed Index: 0.44 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: ASTANA, KAZAKHSTAN / ACCESSWIRE / August 23, 2023 /Collect & Exchange, a multinational organization in financial technologies, announces the official launch of its state-of-the-art digital asset exchange platform. The cutting-edge service permits users to seamlessly trade cryptocurrencies and fiat currencies through more than 1500 trading pairs while embodying a user-centric approach to modern finance. Additionally, businesses can leverage the platform to accept payments in various cryptocurrencies from their customers. An AFSA-licensed digital assets institution, Collect & Exchange aims to set new standards in terms of onboarding and customer experience. Thanks to the implementation of modern KYC and AML procedures, Collect & Exchange offers a rapid onboarding experience, promising businesses and individuals alike a full setup in just a few days. An advanced customizable dashboard further assures an intuitive, user-friendly experience. As Asaf Hanukaev, co-founder of Collect & Exchange, emphasizes, "Our new platform is a paradigm shift, streamlining how individual and corporate clients from various sectors, including Advertising, Forex, IT, e-commerce, gaming, and more engage with digital assets." The platform also boasts versatile funding options, enabling users to deposit, withdraw, and make internal transfers with the utmost ease. From the beginning, Collect & Exchange will support a myriad of digital assets on major blockchain networks such as Bitcoin, Ethereum, Tron, and Binance Smart Chain. Traditional bank transfers, including top fiat currencies like US Dollar, Euro, Swiss Francs, Chinese Yuan, Emirati Dirham, and British Pound are integrated for seamless fiat funding and withdrawal. "Our platform isn't just for the tech-savvy or finance-oriented. We've built Collect & Exchange to be accessible and beneficial for diverse sectors," remarks Yaron Noah, co-founder of Collect & Exchange. Further distinguishing itself in the market, Collect & Exchange provides every client with a dedicated support agent, guaranteeing tailored assistance for any queries or challenges. "In the fast-paced world of digital asset trading, we believe that personal touch makes all the difference. Our dedicated support agents ensure that any arising issues will be dealt with immediately, highlighting our commitment to customer experience and transparency," says George Arakelov, CEO of Collect & Exchange. About Collect & Exchange Collect & Exchange, regulated by Astana Financial Services Authority (AFSA), is a licensed digital assets services provider focused on simplifying fiat and crypto asset payments. With a suite of solutions tailored to both individual and corporate clients, Collect & Exchange strives for higher standards of transparency, speed, and customer satisfaction in the evolving digital trading world. Media Contact Simon MoserPR [email protected]@collectnexchange.com SOURCE:Collect & Exchange View source version on accesswire.com:https://www.accesswire.com/776287/Collect-Exchange-Launches-Innovative-Digital-Asset-Exchange-Platform... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin was trading above US$26,300 Thursday morning in Asia after briefly breaching US$26,800 Wednesday evening. Ether also made up some ground, rising above the US$1,600 resistance level before falling back to just below it. Other top 10 non-stablecoin cryptocurrencies traded mixed, with the Open Network’s (TON) Toncoin leading the winners. U.S. stock futures were up after Wall Street closed mixed on Wednesday. Investors are digesting a 16-year high in U.S. 10-year treasury yields as well as a potential debt-driven government shutdown in October. SEC delays another spot Bitcoin ETF decision Bitcoin gained 0.56% to US$26,354.64 in the 24 hours to 07:40 a.m. in Hong Kong but still held a weekly loss of 2.87%, according to CoinMarketCap data. The world’s largest cryptocurrency on Wednesday night briefly rose above US$26,800 for the first time in the past seven days, but soon retreated to around US$26,300. The U.S. dollar index (DXY), which measures the greenback against a basket of other major fiat currencies, reached a ten-month high of 106.84 on Thursday. A high DXY has been a bearish signal for cryptos and the S&P 500 alike, blockchain intelligence firm Santiment said Thursday on X (previously Twitter). However, Bitcoin has “held up well” despite the rise in the U.S. dollar. That “may indicate a breakout could come once the DXY settles down,” Santiment added. 💸 The #Dollar has crept up to its highest level since last November. Particularly since 2021, this has been a #bearish signal for #crypto and the #SP500 . However, $BTC has held up well, which may indicate a breakout could come once the $DXY settles down. https://t.co/zplpYJjSkf pic.twitter.com/iTyof07MNm — Santiment (@santimentfeed) September 27, 2023 Along with Bitcoin, Ether edged up 0.31% to US$1,597.56 over the past 24 hours but is trading 1.55% lower for the week. The token also hit a seven-day high of US$1,631.91 on Wednesday evening. Story continues The price moves in the crypto market yesterday were driven by macro markets, said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. “Overnight Asia time, American investors started the day full of optimism, attempting to reverse this week’s pullback… only to turn risk-off again in the second half of the day and close in the red,” d’Anethan said. “While traditional markets suffered, crypto actually outperformed, rising and then pulling back but only to return to a neutral position. BTC and ETH are essentially flat or timidly up on the session,” d’Anethan added. Other top 10 non-stablecoin cryptocurrencies traded mixed for the past 24 hours. Toncoin, the native token of TON, led the winners with a 2.21% increase to US$2.17, but was still down 9.96% for the week. Polkadot’s DOT token led the losers, edging 0.56% lower to US$3.99 for a 3.63% weekly loss. On the regulatory front, the U.S. Securities and Exchange Commission (SEC) on Tuesday delayed a decision on the spot Bitcoin exchange-traded fund (ETF) application made by Cathie Woods’ Ark Investment Management and Swiss digital asset brokerage 21Shares. The SEC was scheduled to make a decision by November 11 but it has now pushed that date back to January 10. The agency has delayed its decision multiple times on ETF applications from not only Ark and 21Shares, but also BlackRock, WisdomTree and Invesco Galaxy. The delay was made after four Congress members urged the SEC to approve pending spot Bitcoin ETF applications. At a Wednesday Congress hearing , SEC Chair Gary Gensler was questioned by multiple Congress members about his agency’s aggressive stance on crypto assets. But he stuck to the claim that most cryptos other than Bitcoin should be classified as securities and regulated by the SEC. Despite the pressure from Congress, Markus Thielen, head of research and strategy at digital asset service platform Matrixport, wrote in an emailed comment that “Gensler refused to release any details where the SEC stands in the (spot Bitcoin ETF) application process and rather criticised industry practices. This caused Bitcoin prices to retrace their rally attempt (yesterday).” On the subject of Gensler’s speech, Keyrock’s d’Anethan said “it feels like American regulators are pushed more and more to take some action and I choose to see that as bullish: it’s a question of when they’ll give in, not if.” The total crypto market capitalization edged up 0.35% in the past 24 hours to US$1.05 trillion, while trading volume rose 20.25% to US$27.26 billion. Wall Street facing possible government shutdown Image: Getty Images U.S. stock futures were higher as of 09:50 a.m. in Hong Kong. The Nasdaq futures index led the gains with a 0.21% increase. Wall Street closed mixed Wednesday. The Dow Jones Industrial Average logged losses, while the S&P 500 and Nasdaq Composite edged higher. Major Asian stock indexes were mixed on Tuesday morning. China’s Shanghai Composite and South Korea’s Kospi booked gains, while Hong Kong’s Hang Seng and Japan’s Nikkei 225 dipped. The U.S. government could partially shut down as early as Sunday as Congress struggles to pass a funding bill to support the operations through Nov. 17. If Congress fails to pass the bill by the end of September, a lapse in government funding could impact non-essential government functions and payment to government employees. The U.S. government has had three partial shutdowns due to funding lapses in the past decade. “More likely than not, we are going to see a government shutdown,” Emerson Sprick, senior economic analyst at U.S.-based think tank the Bipartisan Policy Center, told CNBC on Wednesday. “The question is for how long … How long it lasts has a real impact on American households, to a greater extent than just if it happens or not.” About 1.3 million active-duty military and 2 million civilian federal employees would go without pay for the duration of any shutdown, Bloomberg reported Wednesday. “The more a shutdown lasts, the more it goes beyond federal employees,” Goldman Sachs analyst Alec Phillips told Bloomberg. “The longer it goes on, the indirect impact becomes larger.” Beyond government shutdown concerns, the U.S. stock market is also feeling the pressure of rising oil prices and U.S. treasury yields. The global oil price benchmark Brent crude finished at US$96.55 on Wednesday, its highest close since November 2022. The U.S. 10-year treasury yields settled at 4.625% , the highest close since October 2007. On the inflation front, Minneapolis Federal Reserve President Neel Kashkari told CNBC on Wednesday he was unsure if the current U.S. interest rate of between 5.25% and 5.50% is “sufficiently restrictive” to bring the annual inflation rate below the Fed’s long-term goal of 2%. Kashkari said further hikes cannot be ruled out “given the dynamics of the reopening of the economy.” The Fed meets on Nov. 1 to make its next decision on interest rates. The CME FedWatch Tool predicts a 77.6% chance of no interest rate hike in November, down from 82.5% on Wednesday. It also gives a 57.8% chance of another pause in December, down from 65.8% on Wednesday. Investors now await the U.S. second-quarter personal consumption expenditure price index (PCE) on Thursday, which will provide further insights into inflation. Several Federal Reserve officials including Fed Chair Jerome Powell will also give speeches on Thursday. (Updates with equity section.)', 'Bitcoin was trading above US$26,300 Thursday morning in Asia after briefly breaching US$26,800 Wednesday evening. Ether also made up some ground, rising above the US$1,600 resistance level before falling back to just below it. Other top 10 non-stablecoin cryptocurrencies traded mixed, with the Open Network’s (TON) Toncoin leading the winners. U.S. stock futures were up after Wall Street closed mixed on Wednesday. Investors are digesting a 16-year high in U.S. 10-year treasury yields as well as a potential debt-driven government shutdown in October.\nBitcoin gained 0.56% to US$26,354.64 in the 24 hours to 07:40 a.m. in Hong Kong but still held a weekly loss of 2.87%, according toCoinMarketCapdata. The world’s largest cryptocurrency on Wednesday night briefly rose above US$26,800 for the first time in the past seven days, but soon retreated to around US$26,300.\nThe U.S. dollar index (DXY), which measures the greenback against a basket of other major fiat currencies, reached a ten-month high of106.84on Thursday.\nA high DXY has been a bearish signal for cryptos and the S&P 500 alike, blockchain intelligence firm SantimentsaidThursday on X (previously Twitter). However, Bitcoin has “held up well” despite the rise in the U.S. dollar. That “may indicate a breakout could come once the DXY settles down,” Santiment added.\nAlong with Bitcoin, Ether edged up 0.31% to US$1,597.56 over the past 24 hours but is trading 1.55% lower for the week. The token also hit a seven-day high of US$1,631.91 on Wednesday evening.\nThe price moves in the crypto market yesterday were driven by macro markets, said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\n“Overnight Asia time, American investors started the day full of optimism, attempting to reverse this week’s pullback… only to turn risk-off again in the second half of the day and close in the red,” d’Anethan said.\n“While traditional markets suffered, crypto actually outperformed, rising and then pulling back but only to return to a neutral position. BTC and ETH are essentially flat or timidly up on the session,” d’Anethan added.\nOther top 10 non-stablecoin cryptocurrencies traded mixed for the past 24 hours. Toncoin, the native token of TON, led the winners with a 2.21% increase to US$2.17, but was still down 9.96% for the week. Polkadot’s DOT token led the losers, edging 0.56% lower to US$3.99 for a 3.63% weekly loss.\nOn the regulatory front, the U.S. Securities and Exchange Commission (SEC) on Tuesdaydelayeda decision Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $516,778,636,300 - Hash Rate: 414558853.7494199 - Transaction Count: 378975.0 - Unique Addresses: 639899.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bankrupt FTX wants to start staking, and to hedge BTC and ETH sales as it liquidates a $3 billion crypto holding. It’s looking to Mike Novogratz’s Galaxy empire to maximize value from the sales. Bankrupt crypto exchange FTX wants to start selling, staking and hedging its sizable crypto holdings – and is seeking to hire Mike Novogratz’s Galaxy as an advisor to help, according to court filings made late Wednesday evening. FTX, which collapsed in November last year, wants to return funds to creditors in fiat currency rather than bitcoin (BTC) or ether (ETH) – but hopes careful trading can avoid denting the value of over $3 billion in crypto holdings. “Hedging bitcoin and ether will allow the Debtors [FTX] to limit potential downside risk prior to the sale of such bitcoin or ether,” the filing by FTX lawyers said. “Staking certain digital assets… will inure to the benefit of the estates — and, ultimately, creditors — by generating low risk returns on their otherwise idle digital assets. FTX is hoping interest on its crypto pile will add to the stock it can distribute to customers who are still waiting for their money back. The company, now run by restructuring expert John J. Ray III, worries that selling all in one go would cause the price to plummet, to the benefit of short sellers and other market participants. It’s turning to market experts to figure out how best to avoid that, for example via weekly sales limits. “Galaxy Asset Management has extensive experience in areas relevant to digital asset management and trading, including with respect to the types of transactions and investment objectives contemplated,” the document said, referring to the Security and Exchange Commission-approved investment advisor that forms part of Mike Novogratz’s crypto conglomerate. Galaxy Digital (GLXY), another part of that empire, has previously declared it had tens of millions tied up in FTX at the time of its bankruptcy, and new filings detail the conflict-of-interest procedures that will ensure the asset managers act in FTX’s best interests. In an April filing , FTX company said it had $3.4 billion worth of major, liquid crypto assets. In July, it said it expected to monetize crypto into cash before returning to customers, though international customers may be able to access a rebooted exchange. Other bankrupt crypto firms such as lender Celsius have opted to make distributions in liquid cryptocurrencies including BTC and ETH. The requests must be approved by a Delaware bankruptcy court, which earlier on Wednesday heard that legal fees were costing the company $1.5 million per day as it seeks to wind up. On Tuesday, FTX founder Sam Bankman-Fried pleaded not guilty to a rejigged series of fraud charges relating to his management of the company.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The past year has seen its fair share of blowups in the crypto industry. Big names headlined by the cryptocurrency exchangeFTXhave gone under, sending out shockwaves through a once US$3 trillion market.\nNow reduced to a third of that size, the market is struggling to make a comeback. Part of that difficulty is a lack of trust in crypto — far from the easiest bell to unring as news of scams, hacks and other assorted scandals have become a mainstay of mainstream and blockchain-focused media.\nMichael Gronager, former COO of cryptocurrency exchange Kraken, co-founded blockchain analytics firm Chainalysis in 2014 in the wake of that year’s hack on Tokyo-based Bitcoin exchangeMt. Gox. The biggest heist in crypto history saw cyber thieves make off with over 850,000 Bitcoin (almost US$23 billion at today’s value).\nA PhD holder in quantum mechanics, Gronager set out to map the crypto industry via the Chainalysis platform to help identify hacks and other forms of illicit activity on the blockchain. Partnering with governments, research institutions and other organizations in over 70 countries, the platform scans billions of data sets for signs of misuse, producing reports on themes such as crypto crime, industry maturity and digital asset adoption.\nThe New York-based company, which was valued atUS$8.6 billionby mid-2022, is backed by some of the biggest names in finance, including investment banks Blackstone and Bank of New York Mellon. Gronager spoke toForkast’s Will Fee atToken 2049in Singapore to discuss use cases for the platform’s data, its aims and the Asia focus of recent findings.\nThe interview has been edited for clarity and length.\nWill Fee:After venture capital firms poured aroundUS$41 billioninto crypto during the bull market of 2021-2022, funding dollars have drained out of the industry in 2023. How does that affect the blockchain analytics sector?\nMichael Gronager:I don’t think that affects analytics. What we do and what we look at are the amounts moving in the crypto space. We don’t just look at crypto from an illicit activity point of view. We also look at it from the perspective that crypto has become the rails and infrastructure for traditional finance. And that means that crypto is not actually crypto anymore.\nCrypto has changed. More than half of all volume in terms of value moved on blockchains today is national currencies moved in the form of stablecoins. That’s a change that happened over the last year. So the majority of all value moved on the blockchain is not moving, it’s not volatile. In fact, it’s stablecoins, it’s national currencies. That just goes to show the solidity and the value of the underlying infrastructure that has been built out over the last ten years.\nFee:At Token 2049, you spoke on a panel of blockchain analysts about the current need for the sector to cover absolutely everything that’s out there, regardless of how much merit a particular project has. The phrase you used was “nothing is everything.” Please expand on that idea.\nGronager:The point is that you really need to look at a lot of projects. There’s constantly a new project in Crypto, there’s a new blockchain emerging, there’s an app chain, there’s a layer-2, there’s a lot of things going on and it happens with such high velocity. Also layer-2s are extremely important because the data on layer-2 will be incredibly hard to obtain a year from now. You need to be present at the time of the transactions and analyze it there and then.\nAt the same time, you don’t know which project is going to win. There’ll be customers or parts of the ecosystem that obsess about a certain blockchain, and you need to be able to serve them with the same quality data as anyone else. That’s why I’m of the opinion that basically everything matters. You need to support it all.\nFee:A Chainalysis report released February found thatsmall but significantcrypto funds are used to fund pro-Russia militia groups fighting in Ukraine, as well as other groups involved in global conflicts. What other key trends in crypto usage have Chainalysis discovered?\nGronager:When Russia invaded Ukraine more than a year ago now, immediately at Chainalysis we were up in arms more or less. Basically we asked ourselves how we could help. What can we actually do to ensure that this is not going to be as bad as it looks like it will be? Which is very bad indeed. We decided to focus our analytics on ways cryptocurrencies are used to fund pro-Russia militias versus how they can be used to further Ukraine’s performance in the war.\nCrypto is really good at directing money at smaller groups around the globe. That goes to help smaller factions in Ukraine. It goes to help families in Ukraine. There’s a lot of things that are really, really positive there. But it is also used by Russian militias and others to enable them to buy petrol for their cars, to enable them to buy explosives, to do other things in Ukraine. It’s important to understand and map out the activities there to figure out where we can intervene and actually prevent it from happening.\nFee:There’s clearly a fair amount of side choosing involved there. February’s report found that Russian fighters in militia groups in Ukraine were using the small crypto funds they receive to buy things like first aid kits or winter boots, as well as pieces of military hardware like drones and night goggles. Those individual soldiers are in a hellish situation themselves. Is Chainalysis’ aim to identify and prevent those kinds of small purchases too?\nGronager:It absolutely is, yes. It is a choice for Chainalysis as a company. We’re based in the U.S. We work a lot with the U.S. government and we’re very aligned with U.S. policies. We work with friends of the U.S. in various ways and one of the friends of the U.S. is Ukraine. So there’s no doubt that we have picked a side here.\nFee:The collapse of U.S.-founded cryptocurrency exchange FTX in November last year has rocked the global crypto market. Why was that failure not prevented and how can the analytics sector stop something similar happening again in future?\nGronager:I don’t think the industry wanted to listen, to be honest. I look back on the sentiment in the world a year ago when the macroeconomic outlook began to worsen. Everyone wanted to believe it was just short-term, that all was not over yet. The same thing happened around FTX. There might have been some signals. But it was really hard to show anyone.\nWe’ve looked in the past at the risk associated with certain tokens and certain assets in the crypto space. Over the years, we’ve then tried to build a product out of that which people want to buy. My honest opinion is that, a little bit more than a year ago, no one cared because they kind of wanted to believe that everything was going great.\nWe’re also in a very awkward position where, if we were to want to call out any of these things, we would get a lot of haters. That’s because we also may get it wrong at some point. But I think the industry is ready for that now. I think the industry wants to have some of that information and we are of course building products in that direction as well to prevent the same thing (a collapse on the scale of FTX) happening again.\nFee:Chainalysis released this year’sGlobal Crypto Adoption Indexduring the first day of the Token 2049 conference. What are the key takeaways?\nGronager:Really, the key highlight is that the Asia-Pacific region makes up a lot of thetop tencountries. India, Pakistan, Thailand, Vietnam, the Philippines are all high on the list in terms of crypto adoption. But what does adoption of crypto actually mean?\nBasically, we looked at how many people hold or use cryptocurrencies in a jurisdiction relative to the population in that country. Of course, India ranks high on the list with a lot of activity because India is a huge country. Vietnam too. But the U.S. is actually high on the list as well, meaning there’s still a lot of crypto activity there.\nAnother key takeaway, which is similar to what we saw in the report a year ago, is that there’s actually not just one use case for crypto. There are many different use cases and different geographies have different use cases. For some countries it’s speculation. Other countries it’s gaming, whereas in some countries it’s more to do with remittances and ensuring you can send funds. Then there are the countries that focus on internal payments because the established financial system there is maybe less good than what you can get in the crypto space.\nFee:Based on the report’s findings, why do you think lower-to-middle income countries are now turning to crypto?\nGronager:Banking can seem very simple for you and I. We have a bank account, we’ve been vetted and so on. But there are a lot of people in India, say, that don’t have identity papers. How can you get a bank account if you don’t have an identity? Of course everyone has an identity. You know that I’m me and you are you. But what an identity really means is that your government has a piece of paper that says you are you.\nBut there are cases where they might not have that. So how do you transfer money? Well, you can use crypto and you can still get money from relatives abroad. You can get money from elsewhere. You can actually have a functioning economy. You can use cash as well. But as the world has moved online, cash is really not practical. If you are part of an online community, you can still have a phone even if you don’t have identity papers. Those are just some of the reasons why you might turn to crypto.', 'The past year has seen its fair share of blowups in the crypto industry. Big names headlined by the cryptocurrency exchange FTX have gone under, sending out shockwaves through a once US$3 trillion market. Now reduced to a third of that size, the market is struggling to make a comeback. Part of that difficulty is a lack of trust in crypto — far from the easiest bell to unring as news of scams, hacks Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $526,470,468,750 - Hash Rate: 417398297.9531831 - Transaction Count: 330269.0 - Unique Addresses: 713902.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin-loving payments firm Block Inc. today reported gross profit of $1.87 billion in its second quarter 2023 results—a 27% year-over-year increase. And $2.4 billion of its total $5.5 billion Q2 net revenue came from Bitcoin, the company said. The company— formerly known as Square —saw a 34% increase in Bitcoin revenue compared to the same period in 2022. Bitcoin revenue refers to the total sale amount of cryptocurrency sold to customers. "We delivered strong growth and profitability at scale during the second quarter of 2023," the company said in a letter to shareholders. Block's Cash App business Bitcoin revenue stood at $1.16 billion, a 39% increase compared to the same period in 2022. If not for a dip in prices, the company said, the revenue could have contributed even more to its bottom line. "The year-over-year increase in Bitcoin revenue and gross profit was driven by an increase in the quantity of Bitcoin sold to customers, partially offset by a decrease in the average market price of Bitcoin compared to the prior-year period," the company said in a letter to shareholders. The company also recorded no impairment losses on its Bitcoin holdings, which now total $245 million, in the three- and six-month periods ending June 30, 2023. Block’s Cash App Bitcoin Revenue Drops 25% Year-Over-Year An impairment charge refers to a loss of value in assets—in this case, the digital assets held by the company. Block is a payments company founded by Twitter co-founder Jack Dorsey. Its popular mobile app, Cash App, is a popular tool for buying and selling Bitcoin. The app last year installed the Bitcoin "second-layer solution" the Lightning Network —allowing users to make small and quick payments with crypto. What is Bitcoin? The move shows just how committed the company is to pushing Bitcoin adoption. In June, Dorsey-backed Bitkey launched the beta for its Bitcoin wallet, which will allow users withdraw BTC from their Coinbase and Cash App wallets using " copy and paste ."... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['While Bitcoin (BTC) remains on track to end its six-year streak of September losses, a modest pullback ahead of what could be an imminent federal government shutdown could put this month’s advance in jeopardy.\nThe largest crypto by market capitalization changed hands at $26,800 during Friday afternoon hours, posting a 3.2% return this month so far. However, BTC has declined 1.6% from the $27,400 it touched for a short time on Thursday.\nExtending this weak price action into the weekend could put BTC’s provisional positive monthly return in jeopardy as the crypto began September at just about $26,000.\nEther (ETH) traded mostly flat at around $1,660, as market participants anticipate futures-based exchange-traded funds (ETF) to go live early next week.\nRipple’sXRP, Solana’sSOLand the Tron network’s native tokenTRONposted 3%-5% gains, outperforming the broader digital asset market. The CoinDesk Market Index (CMI) was down 0.5%.\n“The oppressive macro uncertainty is still a major headwind,” Noelle Acheson, macro analyst and author of Crypto Is Macro Now newsletter, noted Friday. “Bond markets around the world are flashing signs of distress, as yields have reached multi-year records in the US, UK, Germany and Japan to name just a few markets.”\nShe added that the looming U.S. government shutdown adds to the uncertainty and noted that the U.S. consumer spending growth in Q2 was revised lower, an indication that consumers might not be that resilient to tightening financial conditions.\n“As scary as this may sound, during the 21 government shutdowns [in the past] the S&P 500 rose 55% of the time, generating an average return of 0.3%,” advisory firm Asgard Markets wrote in a Friday market report.\nDigital asset investment firm NYDIG said that the government shutdown could delay regulatory decisions, as the U.S. Securities and Exchange Commission (SEC) staff will be radically reduced.\n“A spot bitcoin ETF will have to wait until after SEC employees come back from a potential furlough,” Greg Cipolaro, NYDIG’s head of research, wrote in the report.\nStill, crypto markets held up well recently compared to the sell-off in stocks. Despite the difficult macro picture, Asgard has a more constructive outlook for risk assets in Q4.\n“BTC and ETH are now trying to break upwards outside of their range established in the last month and a half,” Asgard said. “We are looking for a short-term move somewhere between $28,500 and a swipe of $30,000, for as long as BTC does not retrace below 26,000.”\nHistorically, October has usually been a bullish month for bitcoin, Markus Thielen, Matrixport’s Head of Research said in a recent appearance on CoinDesk TV.\nHe pointed out that "over the last 10 years, eight of those times in October, the market was actually up with an average of 22%," adding that as soon as interest rates become dovish bitcoin is “going to break out quite aggressively.”\nThielen also argued that bitcoin miners, particularly Marathon Digital, are entering this next quarter with far more efficient operations.\nAt the same time, the halving is still on everyone’s minds: Marathon Digital, according to Thielen, estimated their mining costs would increase from $24,000 to $29,000 per bitcoin.\n“Nevertheless, we need to really rally above 30,000,” he concluded.', 'While Bitcoin (BTC) remains on track to end its six-year streak of September losses, a modest pullback ahead of what could be an imminent federal government shutdown could put this month’s advance in jeopardy.\nThe largest crypto by market capitalization changed hands at $26,800 during Friday afternoon hours, posting a 3.2% return this month so far. However, BTC has declined 1.6% from the $27,400 it touched for a short time on Thursday.\nExtending this weak price action into the weekend could put BTC’s provisional positive monthly return in jeopardy as the crypto began September at just about $26,000.\nEther (ETH) traded mostly flat at around $1,660, as market participants anticipate futures-based exchange-traded funds (ETF) to go live early next week.\nRipple’sXRP, Solana’sSOLand the Tron network’s native tokenTRONposted 3%-5% gains, outperforming the broader digital asset market. The CoinDesk Market Index (CMI) was down 0.5%.\n“The oppressive macro uncertainty is still a major headwind,” Noelle Acheson, macro analyst and author of Crypto Is Macro Now newsletter, noted Friday. “Bond markets around the world are flashing signs of distress, as yields have reached multi-year records in the US, UK, Germany and Japan to name just a few markets.”\nShe added that the looming U.S. government shutdown adds to the uncertainty and noted that the U.S. consumer spending growth in Q2 was revised lower, an indication that consumers might not be that resilient to tightening financial conditions.\n“As scary as this may sound, during the 21 government shutdowns [in the past] the S&P 500 rose 55% of the time, generating an average return of 0.3%,” advisory firm Asgard Markets wrote in a Friday market report.\nDigital asset investment firm NYDIG said that the government shutdown could delay regulatory decisions, as the U.S. Securities and Exchange Commission (SEC) staff will be radically reduced.\n“A spot bitcoin ETF will have to wait until after SEC employees come back from a potential furlough,” Greg Cipolaro, NYDIG’s head of research, wrote in the report.\nStill, crypto markets held up well recently compared to the sell-off in stocks. Despite the difficult macro picture, Asgard has a more constructive outlook for risk assets in Q4.\n“BTC and ETH are now trying to break upwards outside of their range established in the last month and a half,” Asgard said. “We are looking for a short-term move somewhere between $28,500 and a swipe of $30,000, for as long as BTC does not retrace below 26,000.”\nHistorically, October has usually been a bullish month for bitcoin, Markus Thielen, Matrixport’s Head of Research said in a recent appearance on CoinDesk TV.\nHe pointed out that "over the last 10 years, eight of those times in October, the market was actually up with an average of 22%," adding that as soon as interest rates become dovish bitcoin is “going to break out quite aggressively.”\nThielen also argued that bitcoin miners, particularly Marathon Digital, are entering this next quarter with far more efficient operations.\nAt the same time, the halving is still on everyone’s minds: Marathon Digital, according to Thielen, estimated their mining costs would increase from $24,000 to $29,000 per bitcoin.\n“Nevertheless, we need to really rally above 30,000,” he concluded.', "UPDATE: A Spanish court has ruled that tech titan John McAfee died by suicide, an inquest prompted by his family\x92s questions on his jailhouse death. McAfee died in 2021 in a Spanish jail, and his death has already been ruled a suicide by authorities. But ex-ife Janice asked for a further probe. McAfee himself had previously stated that he was not suicidal and that he would be \x93whacked\x94 if he died. More from Deadline Netflix Greenlights Documentary On Software Pioneer John McAfee, Who Went On The Run After His Neighbor Was Murdered In Belize John McAfee Dies: Eccentric Entrepreneur, Security Software Inventor And Cryptocurrency Pioneer Was 75 Bitcoin Arrives On Wall Street, Bringing Good News For Blockchain Entertainment The ruling today stated, \x93There is not a single element of suspicion, of a charge against a third party, of criminal behavior,\x94 according to Reuters. EARLIER: The family of software pioneer John McAfee has stepped up their demand for answers a year after his mysterious death in a Spanish jail cell . McAfee\x92s corpse still remains unclaimed in a Spanish morgue. He was awaiting extradition to the US on tax evasion charges when he was found dead in a Barcelona cell. He was 75 years old. The software developer of the first commercial anti-virus software, McAfee had a strange last few years, globetrotting and immersed in the cryptocurrency and conspiracy worlds. \x93It\x92s difficult to put into words what life has been like this past year,\x94 McAfee\x92s widow, Janice, tweeted Thursday . McAfee was arrested in Spain and was jailed for eight months prior to his death, which authorities claimed was a suicide. His family disagreed and is pressing for a more detailed investigation. His body is being held while legal deliberations continue. A former third-party candidate for US president in 2016 and 2020, McAfee at one time had a fortune estimated at $100 million. While much of that was lost in the market crash of 2008, he still lived a lavish lifestyle from his base on the Belize island of Ambergris Caye. Story continues There, Belize police declared him a person of interest in the killing of American Gregory Faull, 52, who had complained about McAfee\x92s dogs before being discovered in his home with fatal gunshot wounds. McAfee was never charged in that case, but Belize authorities said they were actively looking for him. He lost a wrongful death suit in Florida brought by Faull\x92s family. They won an award of $25 million, but never collected. Best of Deadline SAG-AFTRA Interim Agreements: Full List Of Movies And TV Series 2023 Premiere Dates For New & Returning Series On Broadcast, Cable & Streaming Film Festival Calendar Listings For 2023 Sign up for Deadline's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram . Click here to read the full article.", "UPDATE: A Spanish court has ruled that tech titan John McAfee died by suicide, an inquest prompted by his family\x92s questions on his jailhouse death. McAfee died in 2021 in a Spanish jail, and his death has already been ruled a suicide by authorities. But ex-ife Janice asked for a further probe. McAfee himself had previously stated that he was not suicidal and that he would be \x93whacked\x94 if he died. More from Deadline Netflix Greenlights Documentary On Software Pioneer John McAfee, Who Went On The Run Af Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $525,418,742,875 - Hash Rate: 391843300.11931473 - Transaction Count: 275474.0 - Unique Addresses: 625600.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The price of bitcoin ( BTC ) is modestly lower during U.S. trading hours on Friday, but at its current $26,300 is ahead about 2% from week-ago levels. The crypto began the week with sizable losses, dipping below $25,000 for the first time since mid-June over worry bankrupt crypto exchange FTX was soon to begin unloading all of its digital assets, which included more than $500 million worth of bitcoin. While FTX did receive court permission to begin selling, the sales will be at a measured pace and unlikely to cause any quick tumbles in crypto markets. Bitcoin (BTC) price crash averted, but rallies continue to be sold The overarching theme in bitcoin and crypto in general for nearly four months now is the speed with which even modest moves higher get reversed. As the FTX news this week demonstrates, while at the moment there don't appear to be any entities interested in a full-scale dumping of digital assets on the market, there remain numerous sellers looking to take advantage of rallies. In addition to FTX, consider other impaired trading firms, lenders, and exchanges, as well as bitcoin miners – many of whom one year ago were confirmed hodlers, but now must sell at least part of their bitcoin stash each month to help fund their operating expenses. Despite the selling pressure, this week's positive news about asset management giant Franklin Templeton joining the race to list a spot BTC exchange-traded fund (ETF) and global lender Deutsche Bank delving deeper into digital asset custody and tokenization might backstopped prices, rendering Monday's breakdown a false signal, according to crypto service provider Matrixport. "The Franklin Templeton-news was released as prices neared $25,100, coinciding with when the market became aware of BlackRock’s Bitcoin ETF filing in June," Matrixport noted in a market update on Telegram. "Hence, this $25,000 level is of the utmost importance now, and appears to be fortified by news affecting prices." Story continues (Matrixport) Bitcoin reclaiming the previous trading range and consolidating at these levels was a "promising sign," according to Rachel Lin, CEO of derivatives decentralized exchange SynFutures. "BTC is currently in the process of converting the $26,000 level from resistance to support," Lin said in an emailed note. "Until Wednesday, every attempt at breaking above this level resulted in heavy selling. If BTC stays above $26,000 by the end of the week, it could be a positive sign, at least in the short term." Altcoins signal weakness Unfortunately, the broader crypto market is not as strong as BTC. Rachel Lin, CEO of SynFutures While bitcoin consolidated, the rest of the market showed signs of weakness. The CoinDesk Market Index ( CMI ), which tracks the performance of a broad basket of digital assets, only gained 0.8% over the past seven days, the CoinDesk Bitcoin Price Index ( XBX ) outperformed and was up 1.7%. Among CoinDesk's sectorial indices, the Culture and Entertainment sector ( CNE ) performed the worst with 3.2% loss in a week, followed by the DeFi sector ( DCF ) declining 1.6%. "Unfortunately, the broader crypto market is not as strong as BTC," Lin said. "Their fall on Monday was bigger than BTC, and their bounce back was weaker. This led to the previous week's support level of 515-520 billion [market capitalization] turning into resistance." Apecoin ( APE ) was one of the week's biggest loser, dropping near 18% in a week ahead of its major token unlock due this Sunday. The event will release $43 million worth of tokens, giving early investors a chance for selling. "Trading BTC long and strategically selling altcoins, particularly those with event-related risks like ApeCoin, has the potential to generate significant alpha," Matrixport advised.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: No specific news available. Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $528,385,014,000 - Hash Rate: 400361632.7306042 - Transaction Count: 320516.0 - Unique Addresses: 613394.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: US Markets Tyson Foods, Henry Schein And 3 Stocks To Watch Heading Into Monday Investor Sentiment Declines After July's Jobs Report This Giant Fund Cuts Back On Apple And Microsoft Stocks, Picks Up Tesla And Nvidia Crypto Can Bitcoin Touch $100K Before 2024 Halving: Crypto Bro Wagers 1M Satoshis Shiba Inu Burn Rate Spikes Over 130% — Can $10 Worth SHIB Make You A Meme Coin Millionaire Today? Bitcoin, Ethereum, Dogecoin Traded Mixed Amid CRV Hack Drama: Analyst Says King Crypto 'Screaming Up' As Halving Draws Near US Politics DeSantis' Fight With Disney Echoes 'Autocratic' China, Russia Tactics, Say Former Government Officials: 'Corrosive To ... Demcocracy' GOP Presidential Candidate Suggests Ukraine Aid Motivated By Hunter Biden Connection: 'Repayment For A Private Bribe Bill Barr Challenges Trump's First Amendment Defense: 'The Stuff You Were Spouting, You Knew Was Wrong' Trump Says He Will Ask For Recusal Of 2020 Election Subversion Case Judge, Change Of Venue Out Of D.C: 'No Way I Can Get A Fair Trial World Politics Kim Jong Un Amplifies North Korea Weapons Drive For 'War Preparations How US Microchips Continue To Empower Russia's Military Despite Sanctions Russia Says Ukraine War To Continue 'For The Foreseeable Future': 'No Grounds' For Peace Agreement In Ukraine, Russia's Jamming Leaves US Weapons Useless US Economy Fed's Bowman Says Inflation And These 2 Factors Could Guide Future Monetary Policy Action, Even As She Hints At More Future Rate Hikes Tech Amazon's AWS Vs Microsoft Azure Vs Google Cloud: How Tech Titans Fared In June Quarter's Cloud Showdown Apple iPhone 15's 'Bells And Whistles' Enticing But Can It Overcome Soft Patch In US Smartphone Market? Gurman Weighs In Apple Spotted Testing Next-Gen M3-Powered Mac Mini Ahead Of Rumored October Launch 12 Million US Workers May Need To Switch Jobs By 2030 Due To AI: Study Story continues Electric Vehicle Tesla Set To Topple 2 Legacy Auto Giants In Revenue By 2027, Says Analyst: Why Wall Street Estimates For Volume Growth Are 'Way Too Low Elon Musk's Tasty Vision Takes Shape: Tesla's 'Grease Meets The Jetsons' Diner To Open in LA This Year Leaked TikTok Video Reveals More Details Into Elon Musk's Tesla Cybertruck Frunk Elon Musk Reacts To Dogecoin Co-Creator's Sand Bashing Video, Wants Cybertruck To Repeat The Same Feat Consumer Exclusive: DraftKings CEO Says Messi 'A Big Game Changer For MLS,' Women's World Cup Helping Grow Women's Sports Betting Communication Elon Musk Admits Major Flaw In X's Search Function, Says An AI-Powered Fix Is In The Works Zuckerberg Not Keen To Stream Cage Fight On Musk's X: Insists A 'More Reliable' Platform For Charity Event General Elon Musk's SpaceX Starship Test Faces Hurdle: Four Engines Shut Down Prematurely Photo by Gino Crescoli from Pixabay Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better . This article Top Market, Crypto, Tech and Politics Headlines Today While US Was Sleeping originally appeared on Benzinga.com . © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin (BTC) rose above the $28,000 mark early Monday to log its highest prices in over a month as analysts pointed to ETF optimism and seasonality as a few reasons behind the gains. Traders at Japanese exchange Bitbank were already eyeing the $28,000 level for bitcoin last week, as CoinDesk reported . The $28,500 acted as a major support level in the previous bull market and could be a key price level to watch for in the coming weeks as it potentially flips into a level of resistance. In the past 24 hours, ether (ETH) bumped over $1,700, bnb (BNB) and cardano (ADA) added 3.3%, while polygon (MATIC) rose 5.5%. Solana’s SOL tokens led major gains at 14.5%, mainly on renewed optimism for the network among some traders. Short liquidations on crypto-tracked futures may have contributed to the rise in bitcoin and ether. Data shows some $94 million in bets against rising prices were impacted on Sunday, creating a “short squeeze” – which occurs when there is a lack of supply and an excess of demand for the stock due to short sellers having to buy stocks to cover their short. Some 30,000 bearish bets were liquidated, the data shows, with most liquidations taking place on the crypto exchange OKX. Liquidation refers to when an exchange forcefully closes a trader\'s leveraged position due to a partial or total loss of the trader\'s initial margin. This happens when a trader is unable to meet the margin requirements for a leveraged position or fails to have sufficient funds to keep the trade open. Elsewhere, some traders pointed to historic seasonality as a driver of Sunday’s gains. “These gains in cryptocurrencies come with the bullish impression that characterizes the month of October in general,” shared Samer Hasn, markets analyst at XS.com . “Bitcoin has not recorded monthly losses in October since 2013 except twice, which prompted this month to be called “Uptober” within the cryptocurrency community,” Hasn added. ETF angle questioned While some are attributing the rise in prices to optimism about crypto-related ETFs – after all a number of futures-based ether ETFs opened for business on Monday morning and Grayscale applied with the SEC to convert its $5 billion Ethereum Trust (ETHE) to a spot ETF – Dexterity Capital Managing Partner Michael Safai isn\'t so sure. "ETF issuers don\'t know the markets like traders do," he told CoinDesk TV . "Their optimism is a bit misplaced; anyone who wants bitcoin or ether surely has it." (Oliver Knight contributed reporting.)', 'The world of cryptocurrency trading is undergoing a profound metamorphosis, fueled by a growing wave of investors seeking alternatives to the well-established centralized exchanges (CEXs) that have long reigned supreme. These CEXs have traditionally acted as intermediaries, facilitating transactions between buyers and sellers of digital currencies like Bitcoin and Ethereum. While CEXs offer certain advantages such as liquidity, convenience and security, they also carry significant downsides, including hefty fees and privacy concerns as well as susceptibility to hacking and fraud.\nCrypto’s shifting landscape has propelled decentralized exchanges (DEXs) into the limelight. DEXs are platforms that empower users to engage in direct peer-to-peer trading of crypto assets, eliminating the need for intermediaries. Harnessing the power of blockchain or distributed ledger technology, DEXs introduce a range of advantages over their centralized counterparts, including:\n1. Lower fees:DEXs typically impose more favorable fee structures than CEXs, which often burden users with high commissions, spreads and withdrawal charges.\n2. Enhanced privacy:Unlike CEXs, which demand personal information and identity verification, DEXs operate with greater privacy, sidestepping anti-money laundering (AML) and know-your-customer (KYC) regulations.\n3. Greater control:DEXs empower users by allowing them to maintain full control over their crypto assets and private keys, unlike CEXs that hold users’ funds in their own wallets or custodial services.\n4. Fostering innovation:DEXs provide access to a broader spectrum of crypto assets and services, including lending, borrowing, staking, yield farming, non-fungible tokens (NFTs) and more.\nNonetheless, decentralized exchanges grapple with their own set of challenges, such as:\n1. Limited liquidity:DEXs often face lower trading volumes and liquidity compared to CEXs, resulting in higher price slippage and longer transaction processing times.\n2. Increased complexity:DEXs may require users to possess a higher degree of technical expertise compared to CEXs, potentially discouraging novice or casual traders.\n3. Security concerns:DEXs are not immune to cyberattacks or technical glitches, posing risks to the platform’s integrity and the functionality of underlying smart contracts.\n4. Regulatory uncertainty:Operating within a legal gray area, DEXs often lack clear definitions or regulations in most jurisdictions, raising questions about their compliance.\nIs it possible to marry the strengths of centralized exchanges and decentralized exchanges? Can we envision a decentralized exchange that adheres to regulatory standards? The answer is affirmative. Enter the regulated decentralized exchange (RDEX). An RDEX allows users to engage in direct crypto asset trading while adhering to relevant laws and regulations in its jurisdiction of operation. It preserves the fundamental tenets of decentralization — transparency, immutability and censorship resistance — while bolstering them with legitimacy, accountability and security.\nSo, how does an RDEX function? It achieves this delicate balance by incorporating a regulatory framework into its protocol design, employingsmart contractsto enforce user and transaction rules and standards. For instance, it may mandate user registration with real identities and source of funds verification before permitting trading. It may also impose limits on trade amounts or frequencies and report transactions to authorities for tax and compliance purposes.\nSome of them will adopt a hybrid approach, blending on-chain and off-chain components. By leveraging off-chain service providers for KYC/AML checks and liquidity pools, they maintain decentralization and security through cryptographic proofs, ensuring the honesty and integrity of these services.\nWhy are RDEXs so vital in the crypto space? It presents a pragmatic solution to one of the crypto industry’s foremost challenges: regulation. As governments and regulators worldwide grow increasingly concerned about the economic and societal implications of crypto activities, regulation becomes inevitable. While constructive regulation can offer clarity, security and recognition, excessive restrictions can stifle innovation and growth.\nRDEXs can serve as a bridge between the crypto industry and regulators. They demonstrate that crypto activities can be conducted in a responsible, compliant and transparent manner, preserving decentralization’s core values. By fostering trust among users, investors and authorities, RDEXs mitigate the risks of fraud, manipulation and abuse.\nMoreover, RDEXs empower the future of decentralized trading by granting access to a broader array of crypto assets and services. These include the trading of security tokens, which represent real-world assets like stocks, bonds, real estate or art. While security tokens promise to revolutionize the financial industry, their strict regulations demand compliant platforms, which RDEXs can provide.\nCentral bank digital currencies(CBDCs) are another facet of the crypto landscape that RDEXs can facilitate. CBDCs, digital versions of fiat currencies issued by central banks, promise faster, cheaper and more secure transactions but pose unique challenges for the crypto industry. It can integrate CBDCs with other crypto assets and services, ensuring privacy, interoperability and competition.\nRDEXs are not just theoretical concepts; they are tangible realities. Projects like eToroX, backed by eToro and licensed by the Gibraltar Financial Services Commission, is an example of the RDEX in action — enabling users to trade crypto assets, including security tokens and stablecoins pegged to fiat currencies while adhering to regulatory frameworks.\nInjective Protocol, supported by Binance, another major player in the crypto space, offers a layer-2 DEX built on Ethereum. It facilitates the trading of crypto assets, including derivatives, futures, options and synthetics, and collaborates with central banks on CBDC integration.\nProjects like Bitverse, supported by Bybit and the Mantle Network, are pioneering a credit rating system. This system allows users to leverage their crypto assets and reputation to access a range of financial services and products in the Web3 space. Regulators could explore such platforms to verify user creditworthiness, both on and off-chain. (I do not have any ties to any of the projects or companies mentioned in this piece.)\nIn summary, RDEXs represent a new breed of decentralized exchanges that adhere to regulation. They bridge the gap between the crypto industry and regulators, providing platforms that cater to both sides’ needs. It unlocks access to a broader spectrum of crypto assets and services, empowering the future of decentralized trading.\nHowever, RDEXs are not the final destination of crypto’s evolution. Numerous challenges and questions remain, including those related to interoperability, scalability, security and the ever-growing complexity of crypto assets and services.\nFurthermore, the crypto industry continues to dream beyond RDEXs.Web 4.0, the hypotheticalnext chapter of the internet, hints at an even more immersive, intuitive and intelligent way of interacting with information and value in the most decentralization manner governed by artificial intelligence may be the way forward. While Web4 remains speculative, it underscores the crypto industry’s relentless pursuit of innovati Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $552,880,636,875 - Hash Rate: 445792739.99081457 - Transaction Count: 344263.0 - Unique Addresses: 691873.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Global privacy is at stake. Worldcoin’s blockchain technology allows for the tracking and recording of every transaction made using the currency, creating a transparent ledger accessible to authorized parties, which could be exploited for mass surveillance. While transparency can be beneficial in combating fraud and money laundering, it also poses serious threats to personal privacy. Earlier this month,Kenya suspended Worldcoin’s activitiesin the country “until relevant public agencies certify the absence of any risk to the general public whatsoever.” They recently launched a committee tasked with investigating the project. The committee has 42 days toexamineWorldcoin and present its findings to the house. It was only in July that OpenAI CEO Sam Altman unveiled Worldcoin, which requires users to verify their human identity by using a hardware device, known as the “Orb,” that enables iris scanning. The Orbs are accessible in 400 locations around the world. More than2.2 million peoplehave already completed the registration process, according to Worldcoin’s website. Worldcoin claims that World IDs allow individuals to establish their humanity in an age of artificial intelligence. Participants who scan their iris receive 25 WLD tokens, the project’s native cryptocurrency. With every transaction linked to a unique identifier, including a retina scan, individual spending habits could become easily traceable. This level of surveillance opens doors for governments or corporations to monitor and control financial activities on an unprecedented scale. Biometric data tied to financial transactions poses potential risks if it falls into the wrong hands or is used for discriminatory purposes. Centralization in the Worldcoin model also poses a significant threat by undermining personal privacy and placing immense power in the hands of a few entities or governments. If Worldcoin fulfills its aspirations and becomes a global currency, every transaction will likely be easily tracked and monitored by those in control. Via Worldcoin, governments and corporations can gain unprecedented access to individuals’ financial activities and spending habits. Personal privacy would be compromised as individuals lose their ability to conduct transactions anonymously. Worldcoin’s centralization also raises concerns about data security. If a central authority holds all financial information on Worldcoin users, the risk of data breaches and hacks increases significantly. The potential for unauthorized access or misuse of personal data becomes a pressing issue in such an era. Proponents of the Worldcoin model argue that this transparency would help combat illicit activities such as money laundering and terrorist financing. Critics, on the other hand, fear that it creates an unprecedented level of surveillance. Governments and corporations could potentially exploit this vast amount of data to monitor and control individual spending habits, leading to privacy infringements and social control. The potential for data breaches or misuse by malicious actors, moreover, introduces additional risks. As a centralized digital currency, Worldcoin requires users to provide personal information during registration, including their real identities and banking details. This wealth of data becomes vulnerable to exploitation by both malicious actors and governments seeking surveillance opportunities. The vast amount of personal information collected by Worldcoin is creating a treasure trove for data mining activities. Companies and organizations can leverage this data to gain insights into individuals’ spending habits, preferences and even political affiliations. Such comprehensive profiling enables targeted advertising, manipulation of consumer behavior, and potentially discriminatory practices. In addition, the centralized nature of Worldcoin allows governments or authoritarian regimes with access to this information to monitor citizens’ financial activities closely. Worldcoin’s promises and capabilities are the opposite of crypto’s original ethos. When Bitcoin first burst onto the scene in 2009, it promised independence from a financial system that thrived on dependence. Bitcoin allowed us to break away from the chains of centralized finance at a time when government bureaucrats were awarding big banks trillion-dollar bailouts. Worldcoin now wants to re-establish our chains to centralized finance for a paltry sum and the promise of convenience. Worldcoin is crypto in name only. It represents a turning point for the entire crypto industry. Will we continue our path towards independence or will be beguiled and herded into a detour towards more dependence than ever before?... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['FTX cryptocurrency exchange founder Sam Bankman-Fried, seen here in his customary garb of T-shirt and cargo shorts, faces a fraud trial in New York. (Bloomberg / Getty Images) The main hazard in telling a big story through the eyes of its main participant is the need to rely on his version as the honest truth. Journalism schools will be able to use "Going Infinite: The Rise and Fall of a New Tycoon," Michael Lewis\' new book about the collapse of the FTX cryptocurrency exchange and the fall of its boss, Sam Bankman-Fried, as a textbook on the imperative need to approach a subject with a healthy helping of skepticism. To make a long story short, in this book Lewis doesn\'t exercise any. This is ... the greatest financial mania the world has ever seen. Zeke Faux The result is what amounts to a defense brief for Bankman-Fried for his fraud trial in New York federal court, which opens Tuesday — coinciding, as it happens, with the publication date of Lewis\' book. Fortunately, readers interested in the story of the cryptocurrency scam and Bankman-Fried\'s rise and fall can turn to a much more convincing (and more entertaining) book. That\'s " Number Go Up : Inside Crypto\'s Wild Rise and Staggering Fall," by Zeke Faux, a financial investigative reporter for Bloomberg. Faux demonstrates his incisive grasp of the story with the very first words of his prologue: "\'I\'m not going to lie,\' Sam Bankman-Fried told me," he writes. "That was a lie." Lewis, by contrast, opens his book with an anecdote about a long hike he took with Bankman-Fried in the hills above Berkeley in which he listened to his subject spin wild yarns about all the money he was making in crypto, "all of which, I should say here, turned out to be true." Well, no. Not really. The fortune of tens of billions of dollars that Bankman-Fried bragged about to Lewis was built on quicksand — assets in the form of cryptocurrency tokens, the values of which were set by Bankman-Fried himself or by the tokens\' other promoters, based on no rational yardsticks. The venture investors who poured millions into FTX were seduced by Bankman-Fried\'s boyish torrent of gibberish so baroque they thought it must be meaningful on a level beyond anything they learned in business school. The politicians who accepted his millions in donations were seduced by his self-crafted image as an altruist of remarkable and unique benevolence and his (utterly false) claim to run a responsible crypto exchange. Story continues Read more: Column: The government crackdown on crypto is well underway. Get out while you can The sports and entertainment stars — Tom Brady, Larry David, Anna Wintour — who swarmed around this shlub in cargo shorts were seduced by their need to be in on a new thing. This torrent of nonsense didn\'t snow many people who knew anything about finance and weren\'t angling for a piece of his action, such as Bloomberg\'s Matt Levine. But it sure seems to have snowed the hell out of Michael Lewis, who wrote about financial schemes in "Liar\'s Poker," "Flash Boys" and "The Big Short." In this book, he credulously quotes a venture capitalist speculating that Bankman-Fried "had a real shot at being the world\'s first trillionaire." Lewis doesn\'t say who told him so, but the absurd conjecture appeared in a slavish profile written by a freelance author for Sequoia Capital, which invested in FTX; the profile has since been scrubbed from the firm\'s website, presumably out of mortification. When it all came crashing down, the investors lost their money, the politicians had to give some of theirs back, the stars stopped returning his phone calls. Who else suffered? Of the collapse of FTX, the criminal charges against Bankman-Fried and the entire edifice of cryptocurrency, Faux accurately writes: "This is ... the greatest financial mania the world has ever seen." Lewis, asked by a smirking, sycophantic interviewer named Jon Wertheim on "60 Minutes" Sunday if the FTX scam wasn\'t just like Elizabeth Holmes\' hawking a fraudulent blood testing device under the Theranos name, rejected the thought. Holmes was "supplying phony medical information to people that might kill them," he said. "In this case, what you\'re doing is possibly losing some money that belonged to crypto speculators in the Bahamas." Then he caught himself, and added, "On the other hand, this is not to excuse." Notwithstanding Lewis\' churlish dismissal, the truth is that millions of innocent people, many of them small investors gulled by narratives such as Bankman-Fried\'s, have lost their life savings in cryptocurrency scams. Read more: Column: Thinking of putting crypto in your 401(k)? Think twice Reading their pleas to a judge overseeing one such collapse is heartbreaking — lives, marriages, hopes obliterated . ("Now when I go to work, I drink water and eat any scraps I can find for lunch. ... I am in deep depression and do not know if I can pull myself out of this,” wrote one.) In telling this story, Faux has one major advantage over Lewis: Almost from the start, he had crypto\'s number. "From the beginning," he writes, "I thought that crypto was pretty dumb. And it turned out to be even dumber than I imagined." Faux puts meat on those bare bones by escorting his readers to many of the epicenters of the crypto scam — Miami, the Bahamas, the Philippines and more. He conducted interviews with hundreds of promoters, gamblers and victims. Read more: Amid crypto crash, trading can be an addiction: It\'s \'taking over my whole life\' He visits a vast metropolis of half-abandoned high-rises outside Phnom Penh, Cambodia, where human traffickers imprison thousands of people, injecting them with amphetamines or murdering resisters, forcing them to entice credulous victims around the world into fake romantic relationships via video chats, the goal being to steal their money via crypto investments. He stops by a Philippine town where virtually the entire populace was enticed into playing the online game Axie Infinity to earn crypto tokens, until the edifice crashed, leaving the destitute players holding worthless crypto. (The Silicon Valley venture firm Andreessen Horowitz led a $152-million investment round in the game\'s distributor.) From the day he started his inquiry into bitcoin and the entire crypto world, Faux writes, "I had seen nothing but red flags." Even though 15 years had passed since a pseudonymously published white paper had laid out the principles of bitcoin and launched the entire cryptocurrency craze, "Hardly anyone knew what cryptocurrencies were for. ... It was unclear why many of the coins would be worth anything at all." One answer he found was that the crypto world is populated by the same species of crook behind every boom-time swindle known to history: "hucksters, zealots, opportunists, and outright scammers," many of whom became unimaginably rich, at least for a time — or at least seemed so. Read more: Column: Crypto tycoon Sam Bankman-Fried didn\'t lose a $16-billion fortune. His \'fortune\' was never real Lewis makes a cameo appearance in Faux\'s book, interviewing Bankman-Fried onstage at an April 2022 conference in the Bahamas sponsored by FTX. "The author\'s questions were so fawning," Faux observes, "they seemed inappropriate for a journalist." Lewis told Faux that he was already planning his book but denied that FTX had paid him for his appearance. Faux says Lewis also told him he thought U.S. regulators were hostile to crypto because they had been brainwashed or bought off by Wall Street. "You look at the existing financial system," Faux quotes Lewis, "and the crypto version is better." One doesn\'t need to validate the quotes, since their essence permeates Lewis\' book. Throughout "Going Infinite," Lewis never really comes to grips with the fundamental fact of crypto: It isn\'t worth anything. Cryptocurrencies aren\'t practical as currencies to buy things, they don\'t have intrinsic value (their prices are based entirely on what an owner can persuade someone else to pay for them — the "greater fool" theory in action), their abundance or scarcity are entirely artificial, and the supposed interest yields bruited about by promoters are either imaginary or the product of Ponzi schemes. Lewis doesn\'t seem to believe this, or at any rate doesn\'t offer his readers this necessary insight. In his only significant effort to explain how the crypto system works, he simply refers his readers to a 40,000-word Businessweek article by Levine, without making it too clear that Levine\'s article, like his subsequent commentaries, explains why crypto is essentially worthless. Lewis waves his hand at the vacuum at the heart of bitcoin: "Bitcoin often gets explained," he writes, "but somehow never stays explained." Read more: Column: Shame, suicide attempts, \'financial death\' — the devastating toll of a crypto firm\'s failure His failure to see crypto clearly for what it is (or isn\'t) allows Lewis to offer readers the pretense that there was value in Bankman-Fried\'s FTX, or would have been, had he not been brought low by an old-fashioned "run on the bank" in which investors tried to pull their money out so quickly that their claims couldn\'t be honored. That might be true, if crypto weren\'t so fundamentally crooked. In "Going Infinite," Lewis advances the conspiracy theory he offered Faux about the hostility of the financial establishment. He\'s scornful about John Ray, the experienced financial cleanup artist brought into FTX as its post-bankruptcy chief executive to untangle the mess and find whatever assets still exist to pay back customers and creditors. Lewis paints Ray as an old fogey who simply doesn\'t get it and has tried to impose old-school financial standards on new-school operations such as FTX. He implies that Ray came onto the scene with a preconception of FTX as a criminal enterprise, missing the truth that it was a new thing, comparing him to "an amateur archaeologist [who] had stumbled Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $538,002,171,850 - Hash Rate: 466751379.41330886 - Transaction Count: 310664.0 - Unique Addresses: 676161.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A New York court has dismissed a proposed class action lawsuit alleging leading decentralized crypto exchange Uniswap was responsible for causing harm to investors by allowing scam tokens to be issued and traded on the protocol. The Judge, who oversees the SEC lawsuit against Coinbase, classified ether (ETH) as a commodity in her opinion on the ruling, even as the SEC has shied away from doing so. A New York court classified popular cryptocurrencies ether (ETH) and bitcoin (BTC) as "commodities" while dismissing a proposed class action lawsuit against leading decentralized crypto exchange Uniswap in a Wednesday filing . The lawsuit – filed in April 2022 by a group of investors against Uniswap and its creator Hayden Adams – alleged the DeFi platform violated U.S. securities laws by failing to register as an exchange or broker-dealer, offering and soliciting securities on an unregistered exchange. The suit sought to hold Uniswap accountable for investors losing money to “scam tokens” that were issued and traded on the protocol. The tokens cited in the suit include Ethereum (ERC-20) tokens EthereumMax (EMAX), Bezoge (BEZOGE) and Alphawolf Finance (AWF). But Wednesday's ruling to scrap the suit before it goes to trial stated the true defendants of the case were the issuers of the "scam tokens" in question and not Uniswap. While Securities and Exchange Commission (SEC) Chief Gary Gensler has so far shied away from calling ETH a security , Judge Katherine Polk Failla of the Southern District of New York directly called it a commodity and declined to "stretch the federal securities laws to cover the conduct alleged," in the case against Uniswap. The court's opinion on its dismissal of the class action suit could influence future litigation against decentralized protocols and perhaps even those alleging violation of U.S. securities laws. Judge Polk Failla also oversees the SEC lawsuit against Coinbase. Case dismissed The decentralized nature of the Uniswap Protocol made identifying scam token issuers "unknown and unknowable," leaving no "identifiable defendant" in the case, Judge Polk Failla said in the opinion following Wednesday's order. In the absence of "actual issuers" of the "scam tokens," the plaintiffs argued that Uniswap facilitated the trades at issue by “providing a marketplace and facilities for bringing together buyers and sellers of securities" for a transaction fee, "hoping that this Court might overlook the fact that the current state of cryptocurrency regulation leaves them without recourse, at least as to the specific claims alleged in this suit." Story continues The court also shot down the plaintiffs' argument that Uniswap was like the manufacturer of a self-driving car and that the protocol and its creators caused harm by creating a system that allowed for scam tokens. "Indeed, this is less like a manufacturing defect, and more like a suit attempting to hold an application like Venmo or Zelle liable for a drug deal that used the platform to facilitate a fund transfer," the opinion read. Citing an absence of relevant regulation, the court concluded that the investors' concerns "are better addressed to Congress than to this Court." View comments... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Photo by Michael Nagle/Xinhua via Getty Images) US stocks plunged on Tuesday after bond yields surged to a new cycle-high not seen since 2007. Higher interest rates have upended investors appetite for risk as cash yields hit more than 5%. The 10-year US Treasury Yield jumped above 4.80%, compared to the 3.64% level it was a year ago. US stocks plunged on Tuesday as interest rates surged to a new cycle-high, hitting levels not seen since August 2007. The 10-Year US Treasury yield jumped above 4.80%, well above the 3.64% level it was at about a year ago. The surge in bond yields accelerated after weekly job openings data came in ahead of expectations, showing that the labor market remains resilient. A still-hot jobs market could push the Federal Reserve to continue with its interest rate hikes in its ongoing bid to tame inflation. Cleveland Fed President Loretta Mester said that one more rate hike might be necessary later this year, which is something that the market is currently not anticipating. "I suspect we may well need to raise the fed funds rate once more this year and then hold it there for some time as we accumulate more information on economic developments and assess the effects of the tightening in financial conditions that has already occurred," Mester said to a group of business leaders on Monday. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday: S&P 500 : 4,229.45, down 1.37% Dow Jones Industrial Average : 33,002.38, down 1.29% (-430.97 points) Nasdaq Composite : 13,059.47, down 1.87% Here\'s what else happened today: Wall Street just revealed a new potential winner and lose of the ongoing craze towards GLP-1 drugs like Ozempic, Wegovy, and Mounjaro. Orange juice prices are up 270% since the pandemic hit, as crop diseases and hurricanes hammer supply. Warren Buffett\'s Berkshire Hathaway has now cashed in $540 million of HP stock in under a month. Shares of embattled Chinese real-estate developer Evergrande surged as much as 42% in 15 minutes after the stock resumed trading on Tuesday. Higher interest rates have pummeled the safest area of the stock market: utilities, which have plunged more than 20% year-to-date. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 0.77% to $89.50 a barrel. Brent crude , the international benchmark, gained 0.43% to $91.10 a barrel. Gold fell 0.37% to $1,840.30 per ounce. The yield on the 10-year Treasury bond jumped 11 basis points to 4.80%. Bitcoin fell 0.80% to $27,287. Read the original article on Business Insider', '• US stocks plunged on Tuesday after bond yields surged to a new cycle-high not seen since 2007.\n• Higher interest rates have upended investors appetite for risk as cash yields hit more than 5%.\n• The 10-year US Treasury Yield jumped above 4.80%, compared to the 3.64% level it was a year ago.\nUS stocks plunged on Tuesday as interest rates surged to a new cycle-high, hitting levels not seen since August 2007.\nThe 10-Year US Treasury yield jumped above 4.80%, well above the 3.64% level it was at about a year ago. The surge in bond yields accelerated after weekly job openings data came in ahead of expectations, showing that the labor market remains resilient.\nA still-hot jobs market could push the Federal Reserve to continue with its interest rate hikes in its ongoing bid to tame inflation. Cleveland Fed President Loretta Mester said that one more rate hike might be necessary later this year, which is something that the market is currently not anticipating.\n"I suspect we may well need to raise the fed funds rate once more this year and then hold it there for some time as we accumulate more information on economic developments and assess the effects of the tightening in financial conditions that has already occurred," Mester said to a group of business leaders on Monday.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500: 4,229.45, down 1.37%\n• Dow Jones Industrial Average: 33,002.38, down 1.29% (-430.97 points)\n• Nasdaq Composite: 13,059.47, down 1.87%\nHere\'s what else happened today:\n• Wall Streetjust revealed a new potential winner and lose of the ongoing craze towards GLP-1 drugslike Ozempic, Wegovy, and Mounjaro.\n• Orange juice prices are up 270% since the pandemic hit,as crop diseases and hurricanes hammer supply.\n• Warren Buffett\'s Berkshire Hathawayhas now cashed in $540 million of HP stock in under a month.\n• Shares of embattled Chinese real-estate developer Evergrande surgedas much as 42% in 15 minutes after the stock resumed trading on Tuesday.\n• Higher interest rates have pummeled the safest area of the stock market: utilities, which have plunged more than 20% year-to-date.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 0.77% to $89.50 a barrel.Brent crude, the international benchmark, gained 0.43% to $91.10 a barrel.\n• Goldfell 0.37% to $1,840.30 per ounce.\n• The yield on the 10-year Treasury bond jumped 11 basis points to 4.80%.\n• Bitcoinfell 0.80% to $27,287.\nRead the original article onBusiness Insider', 'The XRP token rose 4.42% after a federal judge denied the U.S. Securities and Exchange Commission\x92s (SEC) motion to overturn its recent loss against Ripple Labs. XRP traded at US$0.5308 at 2:45 p.m. in Hong Kong on Tuesday, according to CoinMarketCap data . See related article: HK\x92s SFC & US SEC crack the whip as Blockchain Week rocks Manila Fast Facts: In Tuesday\x92s ruling, U.S. District Judge Analisa Torres said she found no \x93substantial ground for difference of opinion\x94 about her initial findings and that she did not agree that an appeal would advance the case toward a conclusion. While the decision counts as a partial victory for Ripple, it\x92s not a final decision. The judge set another trial date for April 2024 when the SEC could still try to appeal the case. In July, Judge Torres ruled Ripple Labs\x92 programmatic sales of the XRP token to retail investors did not qualify as financial securities. The judge granted the SEC to file an interlocutory appeal until Aug. 18. Interlocutory appeals occur before all claims to both parties are resolved and are only allowed under specific circumstances. In December 2020, the SEC sued the San Francisco-based technology firm alleging that Ripple\x92s sale of XRP was an unregistered securities offering. The SEC also implicated Ripple\x92s executive chairman Chris Larsen and chief executive officer Brad Garlinghouse as co-defendants, accusing them of aiding and abetting Ripple\x92s alleged violations. See related article: Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024', 'The XRP tokenrose 4.42% after a federal judge denied the U.S. Securities and Exchange Commission’s (SEC) motion to overturn itsrecent lossagainst Ripple Labs. XRP traded at US$0.5308 at 2:45 p.m. in Hong Kong on Tuesday, according to CoinMarketCapdata.\nSee related article:HK’s SFC & US SEC crack the whip as Blockchain Week rocks Manila\n• In Tuesday’s ruling, U.S. District Judge Analisa Torres said she found no “substantial ground for difference of opinion” about her initial findings and that she did not agree that an appeal would advance the case toward a conclusion.\n• While the decision counts as a partial victory for Ripple, it’s not a final decision. The judge set another trial date for April 2024 when the SEC could still try to appeal the case.\n• In July,Judge Torresruled Ripple Labs’ programmatic sales of the XRP token to retail investors did not qualify as financial securities. The judge granted the SEC to filean interlocutory appealuntil Aug. 18. Interlocutory appeals occur before all claims to both parties are resolved and are only allowed under specific circumstances.\n• In December 2020, the SEC sued the San Francisco-based technology firm alleging that Ripple’s sale of XRP was an unregistered securities offering. The SEC also implicated Ripple’s executive chairman Chris Larsen and chief executive officer Brad Garlinghouse as co-defendants, accusing them of aiding and abetting Ripple’s alleged violations.\nSee related article:Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024', 'Millions of dollars from the first-ever tranche of funds raised by Sam Bankman-Fried were almost lost after trading firm Alameda Research initially started in 2017, author Michael Lewis claimed in his biography of Bankman-Fried “Going Infinite.” Bankman-Fried raised nearly $170 million from a set of investors ascribing to the ‘Effective Altruism’ community – a network of people who try to find the best ways to serve the community, usually by donating or funding causes. The then 26-year-old SBF intended to invest these funds in the growing and inefficient crypto markets, capturing price differences across markets and creating high-frequency trading (HFT) strategies to pick up pennies every few seconds. Most of these were losing bets from the start with Alameda losing millions of dollars in its first months. It lost over $500,000 every day throughout one such month, Lewis wrote, while some trading funds had “simply vanished” due to poor fund management. Another bot called Modelbot, which was programmed to trade nearly 500 tokens on some thirty exchanges, turned out to be yet another dud initially. It made no distinction between deeply-liquid crypto majors such as bitcoin (BTC) and ether (ETH) and very thinly-traded memecoins – sparking concerns among early Alameda staff that it could end up evaporating all of the raised money. The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm. Wang is said to have coded a quantitative trading system that finally started to make Alameda money, while Singh put together the pieces to manage the company – putting it on track to what would eventually become the crypto exchange FTX.', "In this article, we will be looking into the Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $535,351,228,388 - Hash Rate: 373280259.4846018 - Transaction Count: 287430.0 - Unique Addresses: 638418.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin prices fell on Wednesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Notably, BNB, the native token of the world’s largest cryptocurrency exchange Binance, added to its weekly drop after the company announced the closing of its cryptocurrency payment service Binance Connect. Investor concerns remained on edge following Fitch Ratings’ downgradewarningon Tuesday for dozens of major U.S. banks including JPMorgan. See related article:TradFi has its eyes on crypto, and here’s the real reason why: Opinion Bitcoin dropped 0.69% to US$29,160 in the 24 hours to 4 p.m. in Hong Kong, bringing its weekly losses to 2.18%, according to CoinMarketCapdata. Bitcoin has been trading below US$30,000 since last Wednesday. The world’s biggest cryptocurrency’s trading volume gained 8.71%, but its market capitalization lost 0.84% to US$567.23 billion in the past 24 hours. “Bitcoin’s earlier reputation as a highly volatile asset attracted traders who thrived on rapid price swings. With the decrease in volatility, such opportunities for substantial short-term gains have become less common,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an emailed statement on Monday. “For investors who thrive on volatility, the calmer waters of the Bitcoin market can feel limiting. They must adapt their strategies to the new normal, focusing on longer-term trends and holding positions for extended periods,” Green added. BNB, the native token of the largest crypto exchange Binance, fell 1.92% to US$234.66, logging a 4.17% weekly decline. Binancesaidit will shut down its cryptocurrency payment service Binance Connect on Wednesday, due to “changing market and user needs.” Binancefileda protective court order against the U.S. Securities and Exchange Commission (SEC) on Monday, seeking to restrict the agency’s “overbroad” requests for information. The SECsuedBinance, its U.S. platform, and Chief Executive Officer Changpeng Zhao in June for alleged breach of securities laws. The total crypto market capitalization fell 1.31% to US$1.16 trillion, while market volume climbed 22.48% to US$32.08 billion. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. TheForkast 500 NFTindex fell 0.14% to 2,471.55 over the 24 hours leading up to 7.10 p.m. in Hong Kong, but posted gains of 0.23% on the week. At the same time, Forkast’s Ethereum NFT and the Polygon NFT indexes gained, while the index measuring Solana NFTs declined. Total NFT sales volume dropped 2.16% in the past 24 hours to US$15.79 million, according to data fromCryptoSlam. Total NFT transactions also dropped 9.78% to US$565,906. NFT sales volume on Ethereum dropped 7.97% to US$9.14 million, although the network toppedCryptoSlam’ssales volume rankings. Among collections, Ethereum-based DeGods topped sales rankings with US$1.23 million, although it was 37.85% lower than the previous day. “Clearly collectors have lost some faith in the DeGods team after fumbling the DeGods Season III art release, and theannouncementof moving y00ts again from Polygon to Ethereum,” said Yehudah Petscher, NFT Strategist at Forkast Labs. Mythos-based DMarket ranked second, rising 8.33% to US$1.01 million, while Polygon’s DraftKings ranked third after its sales volumes climbed 52.19% in the past 24 hours to US$771,722. Most Asian equity markets were down on Wednesday. China’sShenzhen Component, Hong Kong’sHang Seng, Japan’sNikkei, and South Korea’sKospidropped at the end of trading hours, following lackluster economic data coming out of China. The country’s economic activitydatafor July — retail sales, industrial output and investment — all came in lower than expected, raising concerns about the health of the world’s second-largest economy. The People’s Bank of China on Tuesday unexpectedlycutloan rates by 15 basis points to 2.5%, the steepest cut in three years. “China’s cyclical soft patch keeps deepening. Data from a wide range of indicators, including credit growth, investment in capital markets and properties, industrial production, retail sales, construction, exports, and manufacturing and agricultural product prices reveal an overall loss of economic momentum,” Singapore-based DBS banksaidin a research report on Monday. “In addition to lackluster economic data, a long-simmering threat to economic and financial stability, the intersection of weak property market prices and a mountain of debt in the sector, is causing considerable concern,” DBS added. U.S. stock futures dropped as of 8.30 p.m. in Hong Kong with the Dow Jones Industrial Average futures, the S&P 500 futures, and the Nasdaq 100 futures all in the red. Ratings agency Fitch haswarnedof a downgrade for dozens of major U.S. banks including JPMorgan. The agency alsodowngradedthe United States’ long term credit rating from AAA to AA+ earlier this month citing long-term macroeconomic concerns. Meanwhile, annual headline inflation in the United Kingdomdroppedsharply to 6.8% in July from 7.9% in June, the lowest level since February 2022 and matching market expectations. However, core inflation, which excludes volatile energy, food, alcohol and tobacco prices, remained unchanged from June at 6.9%, and slightly above expectations of 6.8%. “The plan that we are executing on is clearly working, but we need to keep with that plan, keep making responsible decisions when it comes to public finances, and we need to make sure that fiscal policy is aligned with monetary policy at the Bank of England,” Gareth Davies, exchequer secretary at the U.K. Treasury,told CNBCon Wednesday. European bourses were mixed on Wednesday, with the benchmark STOXX 600 falling while Germany’s DAX 40 strengthened during afternoon trading hours in Europe.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• US stocks moved higher on Wednesday, while bond yields declined Tuesday\'s highs.\n• ADP reported private payrolls climbed 89,000 in September, below forecasts of 160,000.\n• The 10-year Treasury pulled back from its highest mark since 2007, hovering around 4.72%.\nUS stocks moved higher on Wednesday, as the 10-year US Treasury yield retreated slightly after hitting 16-year highs.\nThe Dow Jones Industrial Average jumped more than 100 points and the Nasdaq Composite rose more than 1% after private payroll data pointed to a weakening labor market, a sign traders hoped would take some pressure off the Federal Reserve to keep tightening monetary policy.\nADP reported before opening bell that private payrolls grew by 89,000 in September, well below the Dow Jones estimate of 160,000, and down from the revised reading of 180,000 in August.\nThe data comes ahead of Friday\'s nonfarm payroll report for September, which will be a closely watched gauge for investors to determine the next likely move for the Fed.\n"We don\'t normally give the ADP report much credence, but it could be a harbinger of a weaker than expected employment report," Dan North, senior economist at Allianz Trade North America said in a note Wednesday.\nOil prices also plungedas fears over demand destruction were aired by JPMorgan analysts and data showed weakening demand for gasoline in the US.\nWall Street remains split onwhat comes next for equitiesafter back-t0-back tough trading months.\n"October can seem as difficult as September, but historically it transitions into a more hospitable market environment," LPL chief global strategist Quincy Krosby told Insider earlier in the day. "The intense sell off has pushed the market into a deeper oversold condition that also makes valuations more attractive."\nHere\'s where US indexes stood as the market closed at 4:00 p.m. on Wednesday:\n• S&P 500:4,263.68, up 0.81%\n• Dow Jones Industrial Average:33,129.55, up 0.39% (+127.17 points)\n• Nasdaq Composite:13,236.01, up 1.35%\nHere\'s what else is going on:\n• JPMorgan saidthe stock market carnage isn\'t over yet.\n• Kevin O\'Leary laughed off the ideathat institutional investors want bitcoin.\n• Applications for home loans plunged to thelowest mark since 1996.\n• Bill Gross said he would avoid bonds and "clearly overvalued" stockseven after massive sell-off.\n• The rapid rise in Treasury yields has been atriple whammyfor stocks, bonds, and the broader economy.\n• Stocks may begearing up for a relief rallyafter key signals hit oversold extremes.\n• The bond market is suffering from "Old Testament capitulation," according to a market veteran.\nIn commodities, bonds, and crypto:\n• Oil prices plunged, withWest Texas Intermediatedown 5% to $84.75 a barrel.Brent crude, the international benchmark, moved lower 5.11% to $86.27 a barrel.\n• Goldedged lower 0.15% to $1,838.60 per ounce.\n• The10-year Treasury yielddipped seven points to hover at 4.72%.\n• Bitcoinclimbed 1.67% to $27,773.\nRead the original article onBusiness Insider', 'A trader works during the Fed rate announcement on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2019. Reuters/Brendan McDermid US stocks moved higher on Wednesday, while bond yields declined Tuesday\'s highs. ADP reported private payrolls climbed 89,000 in September, below forecasts of 160,000. The 10-year Treasury pulled back from its highest mark since 2007, hovering around 4.72%. US stocks moved higher on Wednesday, as the 10-year US Treasury yield retreated slightly after hitting 16-year highs. The Dow Jones Industrial Average jumped more than 100 points and the Nasdaq Composite rose more than 1% after private payroll data pointed to a weakening labor market, a sign traders hoped would take some pressure off the Federal Reserve to keep tightening monetary policy. ADP reported before opening bell that private payrolls grew by 89,000 in September, well below the Dow Jones estimate of 160,000, and down from the revised reading of 180,000 in August. The data comes ahead of Friday\'s nonfarm payroll report for September, which will be a closely watched gauge for investors to determine the next likely move for the Fed. "We don\'t normally give the ADP report much credence, but it could be a harbinger of a weaker than expected employment report," Dan North, senior economist at Allianz Trade North America said in a note Wednesday. Oil prices also plunged as fears over demand destruction were aired by JPMorgan analysts and data showed weakening demand for gasoline in the US. Wall Street remains split on what comes next for equities after back-t0-back tough trading months. "October can seem as difficult as September, but historically it transitions into a more hospitable market environment," LPL chief global strategist Quincy Krosby told Insider earlier in the day. "The intense sell off has pushed the market into a deeper oversold condition that also makes valuations more attractive." Here\'s where US indexes stood as the market closed at 4:00 p.m. on Wednesday: S&P 500 : 4,263.68, up 0.81% Dow Jones Industrial Average : 33,129.55, up 0.39% (+127.17 points) Story continues Nasdaq Composite : 13,236.01, up 1.35% Here\'s what else is going on: JPMorgan said the stock market carnage isn\'t over yet . Kevin O\'Leary laughed off the idea that institutional investors want bitcoin . Applications for home loans plunged to the lowest mark since 1996 . Bill Gross said he would avoid bonds and "clearly overvalued" stocks even after massive sell-off . The rapid rise in Treasury yields has been a triple whammy for stocks, bonds, and the broader economy. Stocks may be gearing up for a relief rally after key signals hit oversold extremes. The bond market is suffering from " Old Testament capitulation, " according to a market veteran. In commodities, bonds, and crypto: Oil prices plunged, with West Texas Intermediate down 5% to $84.75 a barrel. Brent crude , the international benchmark, moved lower 5.11% to $86.27 a barrel. Gold edged lower 0.15% to $1,838.60 per ounce. The 10-year Treasury yield dipped seven points to hover at 4.72%. Bitcoin climbed 1.67% to $27,773. Read the original article on Business Insider', 'SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 5 October 2023 - BingX, a leading cryptocurrency exchange platform, has released an in-depth analysis of tokens that could potentially see a huge price increase in Q4 2023. The Altcoins Research Report provides valuable insights for investors looking to capitalize on the next big altcoins surge. Key Highlights from the Report: 1. Bitcoin Price Prediction: Despite Bitcoin\'s impressive market capitalization of $550 billion, its price is unlikely to double in Q4 2023. The estimated probability of the highest price being at $28,300 is 80%, $29,761 at 21%, $31,000 at 5%, and the lowest price at $26,000. 2. Factors Influencing Token Growth: Market Capitalization: Tokens with market caps below $5 billion have a higher chance of increasing. Assessment of Utility: Utility is evaluated using three dimensions: "cheaper," "better," and "faster." Hot Projects: The market trend in 2023 leans towards tokens with utility and value. Based on traders\' predictions, it foresees that DeFi and tokens with high utility value will be the hot sectors post Q4 2023. 3. Investment Background and Social Media Data: While these are considered secondary indicators, they can still influence a token\'s popularity and growth potential. 4. Token Risks and Trading Strategies: BingX emphasizes the importance of setting stop-loss limit orders and using a Trailing Stop approach for spot investments. For those using BingX perpetual contract trading, an X2 leverage is recommended. 5. Future of Bitcoin: The analysis suggests that 2024 and 2025 could be the final bull markets for Bitcoin with over 100% price increases. Beyond that, Bitcoin\'s growth may slow down, with potential price increases not exceeding 50%. The coin analysis report is a testament to the platform\'s commitment to providing its users with valuable insights to navigate the volatile cryptocurrency market. As always, BingX reminds investors of the inherent risks associated with cryptocurrency investments and the importance of conducting thorough research before making any investment decisions. About BingX BingX is a leading cryptocurrency exchange offering spot, derivatives, grid, and copy trading services to users in over 100 countries and regions worldwide. With a user base of over 5 million, BingX facilitates connections between users, expert traders, and the platform itself in a secure and innovative manner. Contact Details BingX Media Contact [email protected] Company Website https://bingx.com/en-us/ View source version on newsdirect.com: https://newsdirect.com/news/bingx-reveals-comprehensive-analysis-on-potential-altcoins-growth-for-q4-2023-817499208 View comments', 'SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 5 October 2023 - BingX, a leading cryptocurrency exchange platform, has released an in-depth analysis of tokens that could potentially see a huge price increase in Q4 2023. The Altcoins Research Report provides valuable insights for investors looking to capitalize on the next big altcoins surge. Key Highlights from the Report: 1. Bitcoin Price Prediction: Despite Bitcoin\'s impressive market capitalization of $550 billion, its price is unlikely to double in Q4 2023. The estimated probability of the highest price being at $28,300 is 80%, $29,761 at 21%, $31,000 at 5%, and the lowest price at $26,000. 2. Factors Influencing Token Growth: Market Capitalization: Tokens with market caps below $5 billion have a higher chance of increasing. Assessment of Utility: Utility is evaluated using three dimensions: "cheaper," "better," and "faster." Hot Projects: The market trend in 2023 leans towards tokens with utility and value. Based on traders\' predictions, it foresees that DeFi and tokens with high Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $540,228,716,500 - Hash Rate: 401774935.7811363 - Transaction Count: 319310.0 - Unique Addresses: 687363.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell 10.44% from Aug. 11 to Aug. 18 to US$26,324 as of 9:00 p.m. Friday in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency by market capitalization has been trading below US$30,000 since last Wednesday. Ether fell 9.16% over the week to US$1,678. H8aXcZ5Tixooc8Lo8cQSakEpU3LOZHUnvJWHFiANCNZ7exvZZWMnaxqoDNG sR l0YH 1eWxB4hrnNHjuGYq6DDQfg2q 7bIFHet 8Wu3xdZ9ypNrwzCKYKXV 57W3cmP0ucBLbB4PDg4Ox 2uaqaLA Bitcoin dipped to US$25,409 on Friday, its lowest price in two months, after Evergrande, a Chinese property developer with over US$340 billion in liabilities, filed for bankruptcy protection in the U.S., as part of its prolonged restructuring agreement with international creditors. Evergrande defaulted on its dollar-denominated debts in 2021. Adrian Fritz, a senior research associate at 21.co, the parent company of 21Shares, an issuer of crypto exchange-traded products, said that Evergrande’s bankruptcy contributed to Bitcoin’s price fall, along with the usual “summer trading lull.” “Bitcoin’s first key support level was the 200-day moving average at US$27,200, which it wasn’t able to hold. The next major support level to watch would be around US$25,000,” said Fritz, in an email response to Forkast. Coinbase, the largest crypto exchange in the U.S., announced on Wednesday that it obtained regulatory approval to offer crypto futures trading services to eligible clients in the country. The Shiba Inu (SHIB) token launched its layer-2 scaling solution, Shibarium , on the Ethereum blockchain on Thursday, but US$1.7 million worth of ETH was stuck on the Shibarium bridge, according to on-chain intelligence firm PeckShield, leading an over 7% drop in SHIB’s price. Adding to the negative investor sentiment, Binance announced the shutdown of its crypto payment service, Binance Connect, on Wednesday. Previously known as “Bifinity,” Binance Connect was a fiat-to-crypto payment ramp for the exchange, allowing users to buy cryptocurrencies through Mastercard and Visa. Binance’s announcement came a day after Europe’s first Spot Bitcoin exchange-traded fund (ETF) was listed on Euronext Amsterdam, nearly two years after it was first approved. Story continues Lucas Kiely, the chief investment officer of digital asset platform Yield App, said that the ETF listing could inspire other European countries to follow suit and pressure the U.S. Securities and Exchange Commission to hasten its approval process for pending ETFs. “If Europe demonstrates that such products can operate safely within existing regulatory frameworks, it may force the SEC to reevaluate its cautious approach towards cryptocurrency-related investment vehicles,” wrote Kiely, adding that the surging demand may also move Bitcoin prices higher. However, Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto , doesn’t expect the European ETF to significantly boost Bitcoin prices or accelerate the SEC’s decision-making process. “The SEC will likely maintain its independent pace and judgment, regardless of the actions of its European counterparts,” Betz told Forkast. Notable Movers: LTC & XRP Some of the world’s most popular cryptocurrencies were put on the spotlight in the loss column this week. XRP , the fifth largest cryptocurrency by market capitalization, dropped 20.09% to US$0.505 after the SEC was granted the request to file an interlocutory appeal in its lawsuit against Ripple Labs. Litecoin, the world’s 15th largest cryptocurrency by market capitalization, fell 21.65% to US$65.12, as part of a broader downward movement in the crypto market. The global crypto market capitalization stood at US$1.06 trillion on Friday at 9:00 p.m. in Hong Kong, down by more than US$100 billion over the past week, CoinMarketCap data shows. Next Week: Can Bitcoin close the week above US$27,000? On Tuesday, investors will be anticipating speeches from Federal Reserve Bank of Chicago President Austan Goolsbee and U.S. Federal Open Market Committee Member Michelle W. Bowman. Despite Bitcoin falling to a two-month low on Thursday, Yield App’s Kiely said that it’s not all doom and gloom. “With Europe’s first spot Bitcoin ETF now finally approved, if Bitcoin closed the week around US$27,000 it would be well within the range to regain momentum,” Kiely said. See related article: Hackers hit Curve, China announces blockchain link & is FTX back?... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Brendan McDermid/Reuters US stocks ended the day lower as investors looked ahead to the September jobs report. Wall Street expects a 170,000 increase in payrolls last month, down from 187,000 in August. Investors are hoping to see a softer employment picture, which could influence the Fed to dial back rates. US stocks moved slightly lower on Thursday as investors looked ahead to the September jobs report on Friday. Wall Street hopes to see a softer picture of the labor market, which could influence the Fed to dial back interest rates. Friday's jobs report is expected to show a 170,000 increase in payrolls, according to economists polled by Dow Jones, slightly lower than the 187,000 payrolls reported in August. Weekly jobless data on Thursday came in slightly stronger than expected at 207,000, below the anticipated 210,000. Meanwhile, the yield on the 10-year US Treasury bond dipped to 4.716%, but is still hovering at 16-year highs. Here's where US indexes stood at the 4:00 p.m. closing bell on Thursday: S&P 500 : 4,258.19, down 0.13% Dow Jones Industrial Average : 33,119.57, down 0.03% (9.98 points) Nasdaq Composite : 13,219.83, down 0.12% Here's what else happened today: The collapse in Treasury bonds now ranks among the worst market crashes in history . Oil prices dropped further as the outlook on global demand looks murky . Now is the time to double-down on tech stocks as market bears ramp up panic about the economy, according to Wedbush analyst Dan Ives. Stocks will still be significantly higher by year-end , and high bond yields and inflation aren't as bad as they seem, said Fundstrat's Tome Lee. Steel prices are falling due to the UAW strike . The housing market is following a similar playbook as it did in the 1980s . Here's what that could mean for homebuyers today. In commodities, bonds, and crypto: West Texas Intermediate crude oil dropped 2.16% to $82.40 a barrel. Brent crude , the international benchmark, slipped 1.94% to $84.15 a barrel. Gold fell 0.07% to $1,820.14 per ounce. The yield on the 10-year Treasury bond eased 2 basis points to 4.71%. Bitcoin slipped 0.97% to $27,523. Read the original article on Business Insider", "• US stocks ended the day lower as investors looked ahead to the September jobs report.\n• Wall Street expects a 170,000 increase in payrolls last month, down from 187,000 in August.\n• Investors are hoping to see a softer employment picture, which could influence the Fed to dial back rates.\nUS stocks moved slightly lower on Thursday as investors looked ahead to the September jobs report on Friday.\nWall Street hopes to see a softer picture of the labor market, which could influence the Fed to dial back interest rates.\nFriday's jobs report is expected to show a 170,000 increase in payrolls, according to economists polled by Dow Jones, slightly lower than the 187,000 payrolls reported in August.\nWeekly jobless data on Thursday came in slightly stronger than expected at 207,000, below the anticipated 210,000.\nMeanwhile, the yield on the 10-year US Treasury bond dipped to 4.716%, but is still hovering at 16-year highs.\nHere's where US indexes stood at the 4:00 p.m. closing bell on Thursday:\n• S&P 500:4,258.19, down 0.13%\n• Dow Jones Industrial Average:33,119.57, down 0.03% (9.98 points)\n• Nasdaq Composite:13,219.83, down 0.12%\nHere's what else happened today:\n• The collapse in Treasury bonds now ranks among the worst market crashes in history.\n• Oil prices dropped further as the outlook on global demand looks murky.\n• Now is the time to double-down on tech stocksas market bears ramp up panic about the economy, according to Wedbush analyst Dan Ives.\n• Stocks will still be significantly higher by year-end, and high bond yields and inflation aren't as bad as they seem, said Fundstrat's Tome Lee.\n• Steel prices are falling due to the UAW strike.\n• The housing market is following a similar playbook as it did in the 1980s. Here's what that could mean for homebuyers today.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil dropped 2.16% to $82.40 a barrel.Brent crude, the international benchmark, slipped 1.94% to $84.15 a barrel.\n• Goldfell 0.07% to $1,820.14 per ounce.\n• The yield on the 10-year Treasury bond eased 2 basis points to 4.71%.\n• Bitcoinslipped 0.97% to $27,523.\nRead the original article onBusiness Insider", 'On an annual basis, UK property prices declined 4.7%, versus 4.5% in August. Photo: Getty. (Mike Kemp via Getty Images) UK house prices fell further in September, edging down by -0.4% on a monthly basis with the average home now costing £278,601. This is a drop of around £1,200 since last month, marking the sixth consecutive monthly fall. The latest house price index data from Halifax also showed that on an annual basis, property prices declined 4.7%, that\'s a decline of £15,234 compared to the average price of a home in September 2022. However, homes were still more than £39,000 above pre- pandemic levels. Higher rates for longer expectations Many economists and financial markets predict that the Bank of England (BoE) Base Rate will remain higher for longer, with any significant cuts appearing unlikely until inflation gets closer to its 2% target. In September, the BoE left its key interest rate on hold at 5.25% — which is a 15-year high — after 14 consecutive rises. “Overall, these factors are likely to keep mortgage rates elevated in comparison to recent years, constraining buyer demand and putting downward pressure on house prices into next year,” Kim Kinnaird, director at Halifax Mortgages, said. However, With the BoE Base Rate now likely to be at or around its peak, fixed rate mortgages deals are easing back from recent highs. Lower levels of instructions to sell homes “Activity levels continue to look subdued compared to recent years, with industry data showing lower levels of new instructions to sell homes and agreed sales," Kinnaird said. “Borrowing costs are the primary factor, given the impact of higher interest rates on mortgage affordability. Against this backdrop, homeowners inevitably become more realistic about their target selling price, reflecting what has increasingly become a buyer’s market. Read more: Bitcoin rally driven by believers collecting evermore tokens “Wage growth also remains strong, which has helped with affordability, with the house price to income ratio now at its lowest level since June 2020 (6.2 in September vs 6.3 in August).” Story continues Prices across nations and regions Halifax said the South East of England continues to see the most downward pressure on property prices, falling by -5.7% over the last year with the average house price at £376,450. Northern Ireland currently has the most resilient house prices, down by -0.2%, compared to this time last year, with the average house price at £184,108, a fall of less than £400. Meanwhile, Scotland also experienced a relatively modest annual decline of -0.8% with the average house price at £201,594. Read more: Bake Off: 13 homes with show-stopping kitchens Wales saw property prices fall by -3.6% over the last year with the average house costing £214,585. London, meanwhile, remains the most expensive place in the UK to purchase a home, with an average property costing £525,678. Prices are down by -4.8% over the last year, the biggest fall of any region in cash terms (-£26,514). Watch: Levi\'s cuts full-year sales guidance, Q3 revenue misses estimates Download the Yahoo Finance app, available for Apple and Android .', 'On an annual basis, UK property prices declined 4.7%, versus 4.5% in August. Photo: Getty. (Mike Kemp via Getty Images) UK house prices fell further in September, edging down by -0.4% on a monthly basis with the average home now costing £278,601. This is a drop of around £1,200 since last month, marking the sixth consecutive monthly fall. The latest house price index data from Halifax also showed that on an annual basis, property prices declined 4.7%, that\'s a decline of £15,234 compared to the average price of a home in September 2022. However, homes were still more than £39,000 above pre- pandemic levels. Higher rates for longer expectations Many economists and financial markets predict that the Bank of England (BoE) Base Rate will remain higher for longer, with any significant cuts appearing unlikely until inflation gets closer to its 2% target. In September, the BoE left its key interest rate on hold at 5.25% — which is a 15-year high — after 14 consecutive rises. “Overall, these factors are likely to keep mortgage rates elevated in comparison to recent years, constraining buyer demand and putting downward pressure on house prices into next year,” Kim Kinnaird, director at Halifax Mortgages, said. However, With the BoE Base Rate now likely to be at or around its peak, fixed rate mortgages deals are easing back from recent highs. Lower levels of instructions to sell homes “Activity levels continue to look subdued compared to recent years, with industry data showing lower levels of new instructions to sell homes and agreed sales," Kinnaird said. “Borrowing costs are the primary factor, given the impact of higher interest rates on mortgage affordability. Against this backdrop, homeowners inevitably become more realistic about their target selling price, reflecting what has increasingly become a buyer’s market. Read more: Bitcoin rally driven by believers collecting evermore tokens “Wage growth also remains strong, which has helped with affordability, with the house price to income ratio now at its lowest level since June 2020 (6.2 in September vs 6.3 in August).” Story continues Prices across nations and regions Halifax said the South East of England continues to see the most downward pressure on property prices, falling by -5.7% over the last year with the average house price at £376,450. Northern Ireland currently has the most resilient house prices, down by -0.2%, compared to this time last year, with the average house Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $545,478,997,875 - Hash Rate: 455914820.74455184 - Transaction Count: 298650.0 - Unique Addresses: 679001.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether were little changed on Tuesday morning in Asia, while other top 10 non-stablecoin cryptocurrencies traded mixed. Cardano’s ADA led the gains following bullish comments from founder Charles Hoskinson. He predicted a surge in price past both Ether and Bitcoin. Solana’s SOL posted more losses, despite last week’s news of Solana Pay’s tie-up with Shopify. Analysts expect the generally downbeat summer mood in the crypto market to pick up in fall. Elsewhere, the Forkast 500 NFT Index continued to decline, reflecting more bad news for the NFT industry. The U.S. Securities and Exchange Commission (SEC) announced Monday it has charged L.A.-based media company Impact Theory LLC with securities violations related to its offering of NFTs. Meanwhile, U.S. equity futures were trading flat after Monday’s gains. Summer blues Bitcoin edged down 0.12% for the last 24 hours to US$26,050.51 as of 07:00 a.m. in Hong Kong. The token is down 0.30% for the week, according to CoinMarketCap data . The world’s leading cryptocurrency reached a high of US$26,198.58 in the early hours of the morning before falling back. Ether also dipped 0.40% to US$1,650.23 for a 0.99% weekly loss. “There might be another selloff taking place, but currently we’ve experienced the standard August and September correction, through which it seems likely that we won’t be continuing that fall for long and rather have an upwards trend from here on out,” Michaël van de Poppe, CEO of Amsterdam-based crypto trading company MN Trading, said via email. Van de Poppe’s comments were in line with a report by JPMorgan Chase & Co. that forecast “limited downside” for the crypto market as losses slow. The U.S. banking giant’s analysts found a drop in the number of Bitcoin-linked futures contracts on exchanges that are yet to be settled — a sign that downward price movement is losing its momentum. “We’ll be having a potential run from here,” Van de Poppe said in a weekend tweet. “This rally should most likely occur in Q4 of 2023, during a good period for crypto markets (October-December tend to be this).” Story continues Did #Bitcoin bottom on this correction or are we expecting $20K? The Million Dollar question is whether #Bitcoin is done on this correction, or whether we'll see more pain. If you'd ask people before the drop, you'd be getting a more bullish answer. If you'd ask people right… pic.twitter.com/9niq2jhw5k — Michaël van de Poppe (@CryptoMichNL) August 26, 2023 Van de Poppe pointed to Bitcoin’s next halving event, which is expected to occur on April 16, 2024, as a cause for optimism from the fourth quarter of this year. The halving event will see the amount of new Bitcoin issued every 10 minutes cut in half, increasing its scarcity. This is widely anticipated to produce a surge in the token’s price. He also highlighted this week’s release in the U.S. of employment data and the purchasing managers’ index as further potential boosts for Bitcoin’s price. The SEC’s decision on Bitcoin exchange-traded fund applications from investment heavyweights BlackRock, Fidelity and others will also play a role, Van de Poppe said. Some of those decisions could be made as early as Saturday. Other top 10 non-stablecoin cryptocurrencies traded mixed. Cardano’s ADA led the winners, rising 1.46% to US$0.2669 for a weekly gain of 1.24%. Cardano blockchain founder Charles Hoskinson, appearing at Denver-based conference Rare Evo on Saturday, predicted that ADA will overtake Bitcoin and Ethereum to become the world’s largest cryptocurrency. ADA is currently the world’s seventh largest crypto, with a market capitalization of US$9.36 billion. Meanwhile, Solana’s SOL led the losers. It fell 1.35% to US$20.50 for a weekly loss of 3.61%. Those losses arrived despite the news that Solana Pay — a free-to-use payment protocol built on the Solana blockchain — has partnered with Canada-based e-commerce platform Shopify to allow USDC stablecoin payments for online shopping without intermediary fees. The token gained briefly on Aug. 24, the day of the Solana Pay announcement. It added 7% to US$21.98 before falling back. Benjamin Stani, director of business development at Hong Kong-based digital asset broker Matrixport, said that the integration of Solana with a mainstream shopping app was a minor victory for the industry and wouldn’t have much effect on markets. “This is just another step towards stablecoins going mainstream in line with PayPal’s PYUSD,” he said. He added that, while good news for Solana, its “not really a major breakthrough.” Prepare for an NFT bloodbath The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index fell 0.16% over the past 24 hours to 2,240.52 as of 7:30 a.m. in Hong Kong, down 3.25% for the week. Forkast’s Ethereum, Polygon and Cardano indexes moved down, while the Solana index rose. The NFT industry was reacting Tuesday to more bad regulatory news from the U.S.. The SEC announced Monday it has charged Los Angeles-based media company Impact Theory with offering and selling NFTs as unregistered securities. The charges are the first brought by the regulator against an NFT project. The SEC suing Impact Theory for selling NFT securities is a pretty big deal. Because if you take a closer look at the details, the description applies to quite a few NFT projects – probably also to one you are holding right now. pic.twitter.com/75kY0QQIDG — wale.swoosh 🐳 (@waleswoosh) August 28, 2023 According to the SEC, the company earned almost US$30 million by selling digital tokens, known as Founder’s Keys, to hundreds of investors in late 2021. The agency announcement said that, while Impact Theory has not accepted or denied the charges, it has agreed to pay US$6.1 million in fines and to destroy all the Founder’s Keys it controls. “Prepare for a bloodbath in the NFT markets,” wrote Yehudah Petscher, NFT strategist for Forkast Labs. “Surprisingly, the community seems to have been caught largely off guard, which makes me more concerned in the short term about NFTs’ value.” Petscher said he expects the SEC to pursue charges against more NFT projects in the future. NFT prices will plummet as a result, he said, as traders rush out of the market. “This will be how the market finds its bottom, but we are far away from that actually coming into picture,” Petscher added. Total NFT trading volume rose 3.23% in the past 24 hours to US$9.94 million. Volume on Ethereum fell while the other top five chains — Solana, Mythos, ImmutableX and Polygon — all logged increases, according to data from CryptoSlam. In terms of NFT collections, blockchain gaming-based titles occupied the top five positions in CryptoSlam’s ranking. Mythos chain-based DMarket took top spot at US$857,652 in trade volume. It was followed by Gods Unchained, Sorare and DraftKings — all of which posted gains — and PLAYNFT, which dropped 14.90%. Some macro positives Image: Envato Elements U.S. stock futures were trading flat as of 10:20 a.m. in Hong Kong after Monday’s regular session gains. The main Asia stock indexes all rose. Hong Kong’s Hang Seng led the gains with a 1.29% rise on the back of positive developments in both the U.S. and China. The Chinese government, which has been exploring ways to address July’s bearish macroeconomic data, reportedly cut stamp duty on stock trading by 50% on Monday — a first since 2008. Beijing said it also plans to limit the number of new stock listings to help balance supply and demand. However, experts say these measures may not be enough to encourage investors. “If they still feel bearish on the economic recovery of China, then it may be difficult to convince them to buy shares just because of these technical changes,” Jason Lui, head of Asia-Pacific equity and derivative strategy for global markets at BNP Paribas, told The Wall Street Journal. Meanwhile, Federal Reserve chair Jerome Powell used his Jackson Hole speech Friday to say the U.S. economy has grown stronger. However, with inflation still above its 2% target, the Fed will “proceed carefully” on interest rates, he said. An unexpected rise in U.S. treasury yields in July and August could also complicate Fed policy. As of early afternoon trading in Asia, the yield on U.S. 10-year treasury bonds was 4.192% — up from 3.39% at the start of 2023 — a figure some analysts think could lead to further hikes. “Was he hawkish? Yes. But given the jump in yields lately, he wasn’t as hawkish as some had feared,” Ryan Detrick, chief market strategist at the Carson Group, told CNBC. Last week, Reuters reported that Philadelphia Fed President Patrick Harker and Boston Fed President Susan Collins both separately said the jump in bond yields could be positive for the Fed’s efforts to cool inflation. The Fed raised its interest rate to between 5.25% and 5.50% in July, the highest level in 22 years. The CME FedWatch Tool predicts a 21.5% chance for a 25-basis-point rate hike at the Fed’s next meeting in September, up from 14.0% a week ago Investors now look toward U.S. economic data releases later this week, including the personal consumption expenditures price index on Thursday and the labor report Friday. (Updates to add Equities section)... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['STAN HONDA/AFP via Getty Images) US stocks rebounded sharply Friday, after a spike in bond yields in the morning. September\'s jobs report came in hotter than expected, and could indicate higher Federal Reserve rates. The United Auto Workers indicated significant progress in talks with carmakers, helping boost market optimism. US stocks rebounded sharply Friday, reversing an early sell-off triggered by surging Treasury yields and a labor market spike. The September payroll report showed 336,000 positions were added, well above forecasts for 170,000, while unemployment remained at 3.8%. The metric underlines continued economic resiliency, and could force the Federal Reserve to keep raising interest rates. As a result, the bond market sell-off accelerated Friday morning, with the 10-year yield soaring as much as 14 basis points before paring some gains. "Odds of a rate hike in November rose after the latest jobs report, now slightly above a 30% chance. Given the strength in hiring last month, investors and policy makers will put even more emphasis on next week\'s CPI release. Expect some choppy markets in the meantime," Jeffrey Roach, chief economist for LPL Financial said. "Since most of the job gains were in sectors with lower paying jobs, this report is not necessarily giving markets an inflationary signal." Equities found some support in the auto sector, with the United Auto Workers forgoing further strikes thanks to a key concession from General Motors , Bloomberg said. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,308.50, up 1.18% Dow Jones Industrial Average : 33,407.58, up 0.87% (288.01 points) Nasdaq Composite : 13,431.34, up 1.60% Here\'s what else happened today: Treasury yields could be headed to 6% as the Fed will keep raising interest rates, a research firm said. Income would have to spike 55% for the housing market to be deemed affordable . Drugs like Ozempic are slamming food retailers and producers on worries of lower demand. China isn\'t actually shedding Treasurys — it\'s just diversifying its US debt holdings , a former official said. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil edged up 0.68% to $82.87 a barrel. Brent crude , the international benchmark, gained 0.6% to $84.58 a barrel. Gold inched up 0.47% to $1,830.88 per ounce. The yield on the 10-year Treasury bond climbed 6.4 basis points to 4.78%. Bitcoin rose 2.1% to $27,940.73. Read the original article on Business Insider', '• US stocks rebounded sharply Friday, after a spike in bond yields in the morning.\n• September\'s jobs report came in hotter than expected, and could indicate higher Federal Reserve rates.\n• The United Auto Workers indicated significant progress in talks with carmakers, helping boost market optimism.\nUS stocks rebounded sharply Friday, reversing an early sell-off triggered by surging Treasury yields and a labor market spike.\nThe September payroll report showed 336,000 positions were added, well above forecasts for 170,000, while unemployment remained at 3.8%.\nThe metric underlines continued economic resiliency, and could force the Federal Reserve to keep raising interest rates. As a result, the bond market sell-off accelerated Friday morning, with the 10-year yield soaring as much as 14 basis points before paring some gains.\n"Odds of a rate hike in November rose after the latest jobs report, now slightly above a 30% chance. Given the strength in hiring last month, investors and policy makers will put even more emphasis on next week\'s CPI release. Expect some choppy markets in the meantime," Jeffrey Roach, chief economist for LPL Financial said. "Since most of the job gains were in sectors with lower paying jobs, this report is not necessarily giving markets an inflationary signal."\nEquities found some support in the auto sector, with the United Auto Workers forgoing further strikes thanks to akey concession from General Motors, Bloomberg said.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500: 4,308.50, up 1.18%\n• Dow Jones Industrial Average: 33,407.58, up 0.87% (288.01 points)\n• Nasdaq Composite: 13,431.34, up 1.60%\nHere\'s what else happened today:\n• Treasury yields could be headed to 6%as the Fed will keep raising interest rates, a research firm said.\n• Income would have to spike 55% for thehousing market to be deemed affordable.\n• Drugs like Ozempic areslamming food retailers and producerson worries of lower demand.\n• China isn\'t actually shedding Treasurys — it\'s justdiversifying its US debt holdings, a former official said.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil edged up 0.68% to $82.87 a barrel.Brent crude, the international benchmark, gained 0.6% to $84.58 a barrel.\n• Goldinched up 0.47% to $1,830.88 per ounce.\n• The yield on the 10-year Treasury bond climbed 6.4 basis points to 4.78%.\n• Bitcoinrose 2.1% to $27,940.73.\nRead the original article onBusiness Insider', 'Bitcoin (BTC) could be at risk of a short-term reversal following recent price bumps, while the dismal performance of ether (ETH) futures exchange-traded funds (ETF) weighed down on crypto majors.\n“Bitcoin continues to tend to sell on growth, failing to make a fresh attack on the 200-day moving average,” FxPro senior market analyst Alex Kuptsikevich said in a note to CoinDesk. “Bitcoin has recently outperformed the stock market but is now retreating against the buying in the indices.”\n“In the short term, bitcoin seems more at risk of falling than rising,” the trader said, adding ether’s bearish performance did little to boost confidence in top tokens.\nEther and bitcoin were buoyed to one-month highs last week as six ETH ETFs went live in the U.S. earlier on Monday, with traders expecting high demand for the products.\nHowever, theirperformance told a different story. Less than $2 million were traded across the various ETFs on Monday, with poor volumes throughout the week prompting analysts to write down their bullish outlook and pivot to bitcoin investments instead.\nSuch sentiment weighed on prices, with ether losing nearly all gains since the past week, while bitcoin has generally hovered above support levels.\nCrypto majors moved little in the past 24 hours after profit taking earlier this week and a lack of catalysts. Bitcoin slumped 0.5%, ether slipped 1%, while XRP and BNB Chain’s BNB were little changed.\nCardano’s ADA tokens were the only majors in green with a 2.2% price bump. Elsewhere, toncoin (TON) surged 8.8% on no immediately apparent catalyst, while Avalanche’s AVAX tokens continued gains from earlier this week with a 4% jump.', 'Bitcoin (BTC) could be at risk of a short-term reversal following recent price bumps, while the dismal performance of ether (ETH) futures exchange-traded funds (ETF) weighed down on crypto majors.\n“Bitcoin continues to tend to sell on growth, failing to make a fresh attack on the 200-day moving average,” FxPro senior market analyst Alex Kuptsikevich said in a note to CoinDesk. “Bitcoin has recently outperformed the stock market but is now retreating against the buying in the indices.”\n“In the short term, bitcoin seems more at risk of falling than rising,” the trader said, adding ether’s bearish performance did little to boost confidence in top tokens.\nEther and bitcoin were buoyed to one-month highs last week as six ETH ETFs went live in the U.S. earlier on Monday, with traders expecting high demand for the products.\nHowever, theirperformance told a different story. Less than $2 million were traded across the various ETFs on Monday, with poor volumes throughout the week prompting analysts to write down their bullish outlook and pivot to bitcoin investments instead.\nSuch sentiment weighed on prices, with ether losing nearly all gains since the past week, while bitcoin has generally hovered above support levels.\nCrypto majors moved little in the past 24 hours after profit taking earlier this week and a lack of catalysts. Bitcoin slumped 0.5%, ether slipped 1%, while XRP and BNB Chain’s BNB were little changed.\nCardano’s ADA tokens were the only majors in green with a 2.2% price bump. Elsewhere, toncoin (TON) surged 8.8% on no immediately apparent catalyst, while Avalanche’s AVAX tokens continued gains from earlier this week with a 4% jump.', 'Jeremy Grantham. Alison Yin/AP Images for DivestInvest Stocks are in a bubble and could crash by over 50% if it ends badly, Jeremy Grantham says. The elite investor sees house prices falling and predicts a recession will strike next year. Here are his 16 best quotes from a new interview, including comments about bitcoin and AI. Jeremy Grantham floated the possibility of a 50% crash in the S&P 500 , predicted US house prices would drop, and rang the recession alarm during the latest episode of Bloomberg\'s "Merryn Talks Money" podcast. The GMO cofounder and market-bubble historian also slammed bitcoin as a scam, advised against buying US stocks or real estate, and shared his outlook for fossil fuels and artificial intelligence. Here are Grantham\'s 16 best quotes, lightly edited for length and clarity: 1.\xa0"The market suffers from attention deficit disorder, so it always thinks every rally is the beginning of the next great bull market." 2. "If everything works out badly, I would not be amazed if the S&P went to 2,000. That would require a couple of wheels to fall off, and wheels tend to fall off in the great bubbles\' unraveling, but it doesn\'t mean they have to. The S&P would be unlikely not to get to something close to 3,000." 3. "The simple arithmetic suggests you\'ll either have a dismal return forever, or you\'ll have a nice bear market and then a normal return. And the nice bear market will be hopefully less than a 50% decline, but it won\'t be a huge amount less than 50% from the peak in real terms." 4. "You increase the pressure on a very complicated system until a few things sna Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $545,597,853,875 - Hash Rate: 487258964.67073977 - Transaction Count: 244567.0 - Unique Addresses: 596825.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin inched up in Monday afternoon trade in Asia and continued to hover around the US$29,000 mark. Ethereum and most other top 10 non-stablecoin cryptocurrencies by market capitalization were little changed, except Dogecoin and Solana. Most Asian stock markets fell on China’s economic recovery concerns. U.S. stock futures dropped while European bourses traded mixed. See related article:FTX founder Sam Bankman-Fried jailed for witness interference Bitcoin inched up 0.04% in the last 24 hours to US$29,393 at 4 p.m. in Hong Kong, bringing its weekly gains to 1.24%, according to CoinMarketCapdata. At the same time, the world’s largest cryptocurrency’s market capitalization dropped 0.03% to US$571.67 billion. “Bitcoin prices have been pinned at US$29,000 for three weeks, refusing to decline, despite the correction in some large-cap technology stocks – Apple, Nvidia, and Microsoft,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, said in an emailed statement on Thursday. “Two significant catalysts are supporting Bitcoin and Ethereum prices into year-end: the potential SEC approval for a U.S.-listed physical Bitcoin ETF and Ethereum’s EIP-4844 upgrade, which is expected in Q4 2023,” Thielen added. Ethereum, the second-largest cryptocurrency, dropped 0.02% to US$1,848 in the past 24 hours. Ethereum’sEIP-4844 upgrade, with the introduction of ‘blobs’ of data – a new transaction type – is expected to reduce transaction fees and increase transaction throughput. In June,BlackRockand a number of major U.S. financial institutions filed applications with the U.S. Securities and Exchange Commission (SEC) to create spot Bitcoin ETFs. The SEC was expected to announce its decision onArk Investment’sspot Bitcoin ETF application on Aug. 13. However, the regulator said in aFriday filingthat it will solicit public comment on the ETF proposal, effectively pushing back the deadline. “More SEC responses will also be expected during the first week of September, when seven other Bitcoin ETF filings are required to receive a response from the SEC. The possibility is high that several Bitcoin ETFs would be approved in short order, igniting the next leg higher in Bitcoin prices as those ETF providers would spend considerable marketing expenses to draw in retail and institutional capital,” Thielen added. However, Bitcoin prices could decline by September to about US$26,000 to US$27,000 as the summer lull ends, Thielen cautioned, adding that this could be an attractive buying opportunity for the seasonal rally in the fourth quarter. “Bitcoin prices would struggle until September before they start their ascent again. This is happening, and our inclination of being very cautious in managing our positions in the short term but we are eying another perfect buying opportunity to prepare for the year-end rally and the expectations for a strong 2024,” he added. Bitcoin’s nexthalving eventis expected in April 2024, when the amount of new Bitcoin issued is cut in half, increasing its scarcity and pushing up the token’s price. Dogecoin led losers in the past 24 hours, followed by Solana, although both posted gains on the week. Dogecoin lost 1.90% to US$0.07491 in the last 24 hours but gained 0.32% on the week. At the same time, Solana dropped 1.44% to US$24.39 while gaining 5.59% in the past seven days. The total crypto market capitalization dropped 0.03% to US$1.17 trillion while market volume gained 47.04% to US$23.76 billion in the past 24 hours. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. The mainForkast 500 NFTindex fell 0.48% to 2,479.89 in 24 hours to 7.30 p.m. in Hong Kong, but has gained 0.71% in the past seven days. Forkast’s Ethereum NFT Index, and the indexes measuring the Polygon and Solana NFTs all declined. Total NFT sales volumes gained 1.45% to US$14,492,874 in the past 24 hours, according to data fromCryptoSlam. Sales volumes on Ethereum, the largest NFT network, rose 5.51% to US$9.03 million, while Solana, which was second in CryptoSlam’s NFT rankings by sales volume, dropped 7.89% to US$1.09 million in the last 24 hours. Among NFT collections, Ethereum-based DeGods topped rankings, surging 67.67% in the last 24 hours to US$$948,014. DeGods has launched its “Season 3” digital art collection, which features a more simplistic, pop-art inspired style. Ethereum-based NFT staple Bored Ape Yacht Club ranked third among collections, dropping 11.24% in the past 24 hours to US$671,890. Asian equity markets were mostly down on Monday. China’sShenzhen Component, Hong Kong’sHang Seng, Japan’sNikkei, and South Korea’sKospidropped at the end of trading hours, on investor concern after data showed that new bank loans in Chinafell89% in July compared to June, the lowest since late 2009. “It is a big disappointment, proving the fragile status of the recovery in China,” Kiyong Seong, lead Asia macro strategist at Societe Generale,told Bloomberg. Investors now await China’s national retail sales and industrial output data — set for release Tuesday — for further indicators of potential deflation. India’sSensexindex at the Bombay Stock Exchange gained 0.12% on Monday afterannual retail inflationin the world’s most populous nation jumped to 7.44% in July, higher than market forecasts of6.5%, primarily due to a surge in food prices. U.S. stock futures dropped as of 8.50 p.m. in Hong Kong with the Dow Jones Industrial Average futures, the S&P 500 futures, and the Nasdaq 100 futures all in the red. Friday’s release of the latest producer price index (PPI) data in the U.S. — a key inflation indicator that monitors selling prices received by domestic producers of goods and services — strengthened for July, with the 0.3% gain slightly higher than the 0.2%forecastby analysts. “We’re now starting to see the drag effects on the U.S. economy with households and businesses becoming considerably more prudent. In addition, investors are becoming more and more concerned that additional hikes [in interest rates] could steer the U.S. economy into a major recession,” Nigel Green, the CEO and founder of the deVere investment advisory group, said in emailed comments on Thursday. The Federal Reserve, the U.S. central bank, meets next on Sept. 19 to decide on interest rates and direction of the economy. Currently, interest rates in the world’s largest economy are between 5.25% to 5.50%, the highest in 22 years. European bourses were mixed on Monday, with the benchmark STOXX 600 falling while Germany’s DAX 40 strengthened during afternoon trading hours in Europe. (updates with equities section.)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["In today's hyperconnected world, the flow of money across borders can be either a lifeline or a chokehold for entire nations. For too long, the global financial system has favored the privileged, leaving many countries in the Global South grappling with economic inequality and the political instability that comes with it. Web3 technologies, however, are routing around the incumbents, with new tools for financial inclusion and economic empowerment. It's a story of transformation, where digital currencies like Bitcoin and USDC are bridging gaps and changing lives. Consider this: Wiring money from Nigeria to Ghana takes longer and costs more than physically driving it across borders. Why? Because traditional wire transfers bounce through New York and London before returning to Africa. Innovators like Nigeria’s Dickson Nsofor have recognized the need for a better way. Nsofor's quest began four years ago when he founded Korapay, a Pan-African payment-infrastructure company. He viewed blockchain and cryptocurrencies as media of exchange, not as speculative assets. That insight led him to create a platform that leveraged these Web3 inventions for cross-border payments. Today, Korapay is the largest cross-border business-to-business remitter in Nigeria. It processes billions in payments through Bitcoin, USDC, and other crypto assets while settling transactions in traditional fiat currencies. Most remarkable, many global companies use Korapay's services to exchange Nigerian naira for U.S. dollars without even knowing they're using cryptocurrencies and stablecoins . This shows how innovators like Nsofor are already retooling the engine of traditional finance from the bottom up. Just why are stablecoins like USDC growing so popular in Africa? The answer lies in the broader context of economic disparities, currency instability, and the desire for financial independence. In Nigeria, for example, over 40% of the population is younger than 15. Young people are embracing cryptocurrencies as a means of transcending the limitations of local currencies. With increased mobile internet penetration, freelancers and gig workers can now opt for payment in digital assets that hold their value better than local fiat currencies subject to hyperinflation and market devaluation. In an interview for my new book, Web3: Charting the Internet’s Next Economic and Cultural Frontier, Nsofor told me how every one of his young Nigerian employees would prefer to get paid in USDC, USDT, or even Bitcoin rather than naira because those assets are a better store of value, and in the case of stablecoins, more useful. Story continues This shift toward dollarization —where locals prefer assets like USDC over fiat money—has implications far beyond financial convenience. It represents a seismic shift in economic opportunity: Individuals can work for internet-native organizations anywhere in the world and accumulate wealth in stable digital assets. Whether the dollarization of these economies will be a net positive to the world is unclear. The collapse of local currencies under dollarization could further destabilize fragile governments in volatile regions. The Central Bank of Nigeria, for instance, initially took a hostile stance toward cryptocurrencies, even proposing a ban. While its leaders have recently hinted at creating a regulatory framework for stablecoins and tokens, the consequences of such moves remain uncertain. Last year, the governor of the Bank of Pakistan, Reza Baqir , told an assembly of business and government leaders in Saudi Arabia that his bank was considering a ban on all digital assets over concerns of dollarization. He was worried that the very bank he ran would cede control over money and interest rates, and was willing to take drastic measures. That ban never took effect, and Baqir is no longer in the job. Despite these challenges, the adoption of digital assets marches on. Even the U.N. High Commissioner for Refugees has turned to blockchain technology to distribute digital cash to displaced persons in war-affected regions like Ukraine. This not only protects the funds but highlights the broader appeal of digital assets. The adoption of cryptocurrencies and blockchain technology in Africa and beyond is more than a financial trend: At first, it's a survival strategy, and then it’s a platform for thriving economically. Above all, it’s a testament to human resilience and innovation in the Global South. Let’s recognize Web3’s potential to create a more inclusive and equitable financial future for all. Alex Tapscott is author of Web3: Charting the Internet’s Next Economic and Cultural Frontier . The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune . This story was originally featured on Fortune.com", "In today's hyperconnected world, the flow of money across borders can be either a lifeline or a chokehold for entire nations. For too long, the global financial system has favored the privileged, leaving many countries in the Global South grappling with economic inequality and the political instability that comes with it. Web3 technologies, however, are routing around the incumbents, with new tools for financial inclusion and economic empowerment. It's a story of transformation, where digital currencies like Bitcoin and USDC are bridging gaps and changing lives. Consider this: Wiring money from Nigeria to Ghana takes longer and costs more than physically driving it across borders. Why? Because traditional wire transfers bounce through New York and London before returning to Africa. Innovators like Nigeria’s Dickson Nsofor have recognized the need for a better way. Nsofor's quest began four years ago when he founded Korapay, a Pan-African payment-infrastructure company. He viewed blockchain and cryptocurrencies as media of exchange, not as speculative assets. That insight led him to create a platform that leveraged these Web3 inventions for cross-border payments. Today, Korapay is the largest cross-border business-to-business remitter in Nigeria. It processes billions in payments through Bitcoin, USDC, and other crypto assets while settling transactions in traditional fiat currencies. Most remarkable, many global companies use Korapay's services to exchange Nigerian naira for U.S. dollars without even knowing they're using cryptocurrencies and stablecoins . This shows how innovators like Nsofor are already retooling the engine of traditional finance from the bottom up. Just why are stablecoins like USDC growing so popular in Africa? The answer lies in the broader context of economic disparities, currency instability, and the desire for financial independence. In Nigeria, for example, over 40% of the population is younger than 15. Young people are embracing cryptocurrencies as a means of transcending the limitations of local currencies. With increased mobile internet penetration, freelancers and gig workers can now opt for payment in digital assets that hold their value better than local fiat currencies subject to hyperinflation and market devaluation. In an interview for my new book, Web3: Charting the Internet’s Next Economic and Cultural Frontier, Nsofor told me how every one of his young Nigerian employees would prefer to get paid in USDC, USDT, or even Bitcoin rather than naira because those assets are a better store of value, and in the case of stablecoins, more useful. Story continues This shift toward dollarization —where locals prefer assets like USDC over fiat money—has implications far beyond financial convenience. It represents a seismic shift in economic opportunity: Individuals can work for internet-native organizations anywhere in the world and accumulate wealth in stable digital assets. Whether the dollarization of these economies will be a net positive to the world is unclear. The collapse of local currencies under dollarization could further destabilize fragile governments in volatile regions. The Central Bank of Nigeria, for instance, initially took a hostile stance toward cryptocurrencies, even proposing a ban. While its leaders have recently hinted at creating a regulatory framework for stablecoins and tokens, the consequences of such moves remain uncertain. Last year, the governor of the Bank of Pakistan, Reza Baqir , told an assembly of business and government leaders in Saudi Arabia that his bank was considering a ban on all digital assets over concerns of dollarization. He was worried that the very bank he ran would cede control over money and interest rates, and was willing to take drastic measures. That ban never took effect, and Baqir is no longer in the job. Despite these challenges, the adoption of digital assets marches on. Even the U.N. High Commissioner for Refugees has turned to blockchain technology to distribute digital cash to displaced persons in war-affected regions like Ukraine. This not only protects the funds but highlights the broader appeal of digital assets. The adoption of cryptocurrencies and blockchain technology in Africa and beyond is more than a financial trend: At first, it's a survival strategy, and then it’s a platform for thriving economically. Above all, it’s a testament to human resilience and innovation in the Global South. Let’s recognize Web3’s potential to create a more inclusive and equitable financial future for all. Alex Tapscott is author of Web3: Charting the Internet’s Next Economic and Cultural Frontier . The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune . This story was originally featured on Fortune.com", 'Singapore, Singapore--(Newsfile Corp. - October 8, 2023) - BMTC today announces the release of a proprietary bridge technology enabling the integration of the forex trading software MT4 with the leading digital assets trading platformOKX, making crypto Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $545,892,283,200 - Hash Rate: 421721209.1887104 - Transaction Count: 242440.0 - Unique Addresses: 557949.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: LAS VEGAS, September 25, 2023 --( BUSINESS WIRE )-- Ault Alliance Inc. (NYSE American: AULT), a diversified holding company (" Ault Alliance " or the " Company ") announced today its plans to execute a strategic corporate alignment of the company and its subsidiaries. To adapt to current market dynamics, Ault Alliance has unveiled its strategic plan to restructure its corporate blueprint. This transformation is meant to emphasize the unique strengths and individual growth paths of each subsidiary’s operations. The new structure focuses on three central subsidiaries being Circle 8 Crane Services LLC (" Circle 8 "), Sentinum Inc. (" Sentinum "), and Ault Venture Group. This realignment permits specialized management and resource allocation to each individual subsidiary while preserving the adaptability for possible separations into standalone entities in response to future market dynamics. Circle 8 will continue to focus its attention on supplying premier crane and heavy machinery rental services. Circle 8 is focused on the energy sector and serve a diverse client base in the South Central U.S. Sentinum is positioned to address the surging demand for data center infrastructure to provide colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. With its existing facilities along with its planned buildout of its Montana and Texas sites, Sentinum is well-positioned to deliver top of the line data center solutions. The Company’s Bitcoin mining operations are hosted by Sentinum with 14,599 S19j Pro Antminers and 4,628 S19 XP Antminers in operation. Ault Venture Group will house all other subsidiaries and ventures and serve as the investment cornerstone of Ault Alliance. Notably, Ault Venture Group will house Ault Lending, Ault Global Real Estate Equities, and Ault Alliance’s ownership of other public companies such as The Singing Machine Company, Inc, and BitNile Metaverse, Inc. Story continues After this strategic restructuring, the Company will embark on an extensive assessment of its existing assets and investments to determine potential strategic dispositions. The Company has already begun certain strategic dispositions including the distribution of securities of Imperalis Holding Corp. (OTC: IMHC), d/b/a TurnOnGreen, Inc., the listing for sale of its Midwest hotel portfolio and the upcoming listing of its St. Petersburg, FL multifamily development project. Milton "Todd" Ault III, Executive Chairman of Ault Alliance, shared his thoughts on the Company and this restructuring, stating, "We firmly believe that the current market value of the Company significantly undervalues its true worth. Based on our internal evaluation, we believe the stock price does not reflect the full value and potential the Company holds." The Company plans to use this restructuring as an opportunity to not only evaluate its existing assets, but to focus on fine tuning operations, pushing for efficiency throughout the organization, and strategically position each subsidiary to properly capitalize on their unique growth plans. For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov . About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com . Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20230925683319/en/ Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Cryptocurrency prices buckled Monday alongside modest declines in global equity markets and rising oil prices on renewed Middle East turmoil. Bitcoin [BTC] dropped 1.7% over the past 24 hours to $27,500, outperforming most digital assets as crypto investment services firm Matrixport touted the largest crypto asset as "better than digital gold." Bitcoin late Friday and over the weekend seemed primed to challenge a two-month high above $28,400, but was unable to move above $28,200 before sellers finally took over early this morning. The broad CoinDesk Market Index (CMI) was lower by 2%. Ether [ETH] suffered a 2.5% decline as – in addition to macro jitters – the Ethereum Foundation sold $2.7M of tokens on UniSwap. The second largest cryptocurrency by market capitalization extended its losing streak against BTC, dropping to a fresh 15-month low relative to bitcoin. Losses were larger among other altcoins. Ripple Labs-adjacent token [XRP], solana [SOL], Polygon\'s native token [MATIC], Avalanche\'s [AVAX] and popular meme token dogecoin [DOGE] are all lower by 4%-5% over the past 24 hours. Hamas attack on Israel shakes markets The Israel-Hamas conflict extended to its third day on Monday. Fears of the conflict spilling over to neighboring states, such as Iran, seemed to impact oil prices as traders opined it could disrupt supply. “There could be “a pretty dramatic effect on the oil market” should the U.S. enforce sanctions on Iranian exports, Josh Young, chief investment officer of energy investment firm Bison Interests told CNBC . “I think it’s appropriate to see oil, let’s say, [up] about $5 for WTI.” WTI crude oil rose near 3.5% since Sunday to $86.54 per barrel, MarketWatch data shows, extending three-month gains to 16%. Equity markets in Asia closed the day in red and while Europe and U.S. stocks are lower as well, the losses are rather modest with the Stoxx 600 off just 0.25% and the S&P 500 down 0.6%.', 'A bitcoin miner in Washington County is reporting record production as it works to build a 150-megawatt expansion to its facility.\n“We had our best quarter and best fiscal year ever,” said CleanSpark CEO Zach Bradford.\nThe company mined 6,903 bitcoin during its fiscal year, representing the period Oct. 1, 2022, to Sept. 30. CleanSpark sold 80 bitcoin in September at an average of about $26,800 per bitcoin, totaling about $2.2 million.\nBitcoin is the world\'s largest and most popular cryptocurrency, which is a digital currency created by using encryption algorithms. Bitcoins are created, traded and stored in a blockchain, which is a sort of digital transaction ledger.\nTo earn new bitcoins, data validators called "miners" must perform extremely complex math calculations by producing the right multidigit hexadecimal number. When the puzzle is solved, a bitcoin is produced, and another math problem is tackled.\nBitcoin badness:Here\'s how scammers used bitcoin to chisel a Columbia County resident out of $27,500\nCleanSpark also offered an update on its Sandersville expansion. The steel structure and roof for Building 1 are complete and the indoor switchgear – such as fuses and other power conductors – is in place. Structures for Buildings 2 and 3 are in progress, and indoor switchgear has been installed in Building 2.\n"The remaining seven mining buildings are in various stages of construction, from underground conduit installations to slab concrete for the structures and transformers," CleanSpark said in a statement. "No serious delays have been reported and site construction remains on track for year-end completion."\nCleanSpark, which also runs three other Georgia bitcoin mines in Washington, Norcross and College Park, acquired the Sandersville site in October 2022.\nThis article originally appeared on Augusta Chronicle:Cryptocurrency miners are still striking bitcoin near Sandersville', 'A bitcoin miner in Washington County is reporting record production as it works to build a 150-megawatt expansion to its facility.\n“We had our best quarter and best fiscal year ever,” said CleanSpark CEO Zach Bradford.\nThe company mined 6,903 bitcoin during its fiscal year, representing the period Oct. 1, 2022, to Sept. 30. CleanSpark sold 80 bitcoin in September at an average of about $26,800 per bitcoin, totaling about $2.2 million.\nBitcoin is the world\'s largest and most popular cryptocurrency, which is a digital currency created by using encryption algorithms. Bitcoins are created, traded and stored in a blockchain, which is a sort of digital transaction ledger.\nTo earn new bitcoins, data validators called "miners" must perform extremely complex math calculations by producing the right multidigit hexadecimal number. When the puzzle is solved, a bitcoin is produced, and another math problem is tackled.\nBitcoin badness:Here\'s how scammers used bitcoin to chisel a Columbia County resident out of $27,500\nCleanSpark also offered an update on its Sandersville expansion. The steel structure and roof for Building 1 are complete and the indoor switchgear – such as fuses and other power conductors – is in place. Structures for Buildings 2 and 3 are in progress, and indoor switchgear has been installed in Building 2.\n"The remaining seven mining buildings are in various stages of construction, from underground conduit installations to slab concrete for the structures and transformers," CleanSpark said in a statement. "No serious delays have been reported and site construction remains on track for year-end completion."\nCleanSpark, which also runs three other Georgia bitcoin mines in Washington, Norcross and College Park, acquired the Sandersville site in October 2022.\nThis article originally appeared on Augusta Chronicle:Cryptocurrency miners are still striking bitcoin near Sandersville', '“We recognise the potential of DLT and Web 3.0 to become the future of finance and commerce, and under proper regulation they are expected to enhance efficiency and transparency” — so said Mr. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury in October 2022, to announce the territory’s policy statement on the development of virtual assets. Following a path of strategic breadcrumbs through the years leads us right to where Hong Kong finds itself today: well along in its audacious mission to become the epicenter of crypto and Web3 innovation. I’m sure Mr. Hui could never have anticipated the true weight of those words and the level of innovation that would take place in the past year. Hong Kong now supports retail investors trading on licensed crypto exchanges, there are discussions around a regulatory structure for stablecoins, and a dedicated Web3 development task force is up and running. Most importantly, perhaps, founders and developers have clarity on where they can and should focus their efforts. Sensible regulation is now playing its rightful role as a driver of innovation while authorities are cracking down on those operating outside the rules. JPEX, which Hong Kong police allege defrauded investors of HK$1.5 billion , or about US$192 million (at the time of writing), stands as a perfect, timely example. Several arrests and vast seizures clearly show Hong Kong’s strong response. Asia’s role in blockchain development Historically, Asia has long played a leading role in the development of blockchain technology and the digital assets sector as a confluence of factors — including densely populated cities and an increasingly tech-savvy population — spurred demand for more efficient ways to complete financial transactions. Indeed, Asia quickly became a testing ground for financial institutions seeking to test innovations such as blockchain-based letters of credit for commodity shipments. However, blanket approaches to regulation slowed this progress to the point where a large gap in the market presented itself. The West was only too ready to fill this gap, leading to the rise of Western crypto players who, for many outside the blockchain sector, have become synonymous with the industry as a whole. The tide ebbs and flows, as do the forces within the industry. Recent regulatory developments in Western countries, in particular the United States, have sparked a migration of attention , again turning Asia into an attractive investment hub for crypto. A new dawn in Asia Building on its rich financial heritage, Hong Kong is seizing the opportunity. Though late to Web3, Hong Kong is now rapidly catching up and cementing itself as a crypto hub in its own right, attracting investment and employment as it recovers from the impact of Covid-19. In a proactive stance, the Hong Kong government has embarked on an extensive drive for industry development, not only addressing policy considerations but also enacting suitable legislative measures, underscoring a deep commitment to nurture a thriving landscape in which Web3 and crypto enterprises can flourish within a well-defined regulatory framework. Story continues The dominant narrative emanating from the West would lead one to believe that regulating the “Wild West” of crypto is an insurmountable endeavor. Hong Kong regulators, and indeed regulators across Asia, are proving otherwise. The numbers bolster the narrative. Many projects have launched their operations in the city, attracted by regulatory clarity and other factors such as a highly educated and skilled workforce. Hong Kong’s Cyberport, for example, which is managed by the Government and financially supports Web3 companies through its Financial Budget, has already attracted over 190 Web3 firms . Hong Kong’s regulatory drive The digital assets industry is forecast to generate almost US$15 billion annually by 2027 in Asia alone. Recognizing the industry’s vast potential, Hong Kong launched its virtual asset trading platform (VATP) licensing framework this June, outlining clear regulations for exchange operations under the oversight of the Securities and Futures Commission (SFC). As the industry feels the reve Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $544,158,244,050 - Hash Rate: 444516950.225938 - Transaction Count: 283648.0 - Unique Addresses: 599404.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: FangXiaNuo / Getty Images The surging popularity of artificial intelligence (or large language models), notably ChatGPT, has been helping people be more efficient at work , among other functions. But what about investing? NewsBTC recently conducted an experiment, giving the AI tool $20,000 to invest in stocks and crypto. The results were surprising. I’m a Self-Made Millionaire: Here Are 5 Stocks I’m Never Selling Also: 3 Things You Must Do When Your Savings Reach $50,000 In the end, $1,946 profit was made after following ChatGPT’s advice for a month, with crypto investments making 130% more than stocks and Rivian and Solana having the highest return on investment (ROI). Crypto investments earned $1,359 and stocks returned $587, according to the experiment. NewsBTC said that after a little bit of training, ChatGPT suggested exactly how much of the budget to invest in each stock and coin. Jonathan Millet, business consultant at NewsBTC , said that while he was fully aware of Solana’s strong community backing and the widespread trust in its stability, he didn’t anticipate that its increased profits would be more than double the ROI of Bitcoin. In terms of stocks, he said it was interesting that Rivian saw the greatest ROI overall — despite ChatGPT recommending investing the least in this stock. What he was surprised most by, though, was a particular stock missing from ChatGPT’s investment suggestions: Meta, which recently released Twitter’s competitor, Threads. “It was released at the perfect time, after news that Twitter was limiting the number of Tweets its users could see. This isn’t one of the stocks ChatGPT suggested investing in, despite Threads’ rapid user growth and positive impact on Meta’s stock price. Had ChatGPT recommended investing $1,000 in Meta, this value would have risen to $1,100 by the study’s close — a greater ROI than Apple or Amazon,” Millet said. Another “hiccup” was one of the stocks ChatGPT suggested — Waymo. Waymo is not publicly traded, something some experts think proves ChatGPT is still in its infancy… and not entirely trustworthy when it comes to investing advice. Story continues “ChatGPT isn’t going to make you rich by picking stocks. ChatGPT might be useful for summarizing evergreen investing techniques or the different styles of investments,” said Todd Stearn, founder and CEO of The Money Manual . “Let’s use common sense. Do you really think a free tool, or even the $20 a month version, is going to do all the work for you to make you wealthy? ChatGPT is a tool. Get skilled using it. But it’s still up to you to make the right financial decisions.” Other stocks suggested by ChatGPT were rather expected: Apple, Amazon, Alphabet, Microsoft, Nvidia and Tesla. The worst-performing suggested stock was Pfizer, which fell upon news of a cancelled obesity and type 2 diabetes drug. As for cryptocurrency, NewsBTC said ChatGPT offered an initial list of coins, and when asked how much to invest in each it gave a general strategy for investing in cryptocurrency. According to ChatGPT, 40%-50% should be invested in Bitcoin and Ethereum combined, and 10%-20% invested in other prominent coins. In the end, NewsBTC decided to put 20% into Bitcoin, 20% into Ethereum and 10% for the remaining coins (including Ripple, Cardano and others). Bob Baxley, a core contributor to Maverick Protocol , said while it’s unsurprising that people are utilizing ChatGPT for designing and implementing investing and trading strategies for both equities and crypto, we’re still in the early stages. “So of course it will take time and development for these emerging technologies to reach a level in which implementing such strategies can be considered reliable and safe,” said Baxley. “But there are certainly signs that AI can be compatible with crypto, in particular, in a potentially large number of ways.” For instance, Baxley said, in the coming years we will see a number of crypto-specific platforms that increasingly utilize algorithms — and machine learning in general — for tailoring trading and investing strategies. While it will take time for these technologies to become sophisticated enough to accurately reflect the associated risk appetite for any given trader and investor, automating such strategies will likely make investing much more efficient — and easier — for people and organizations, he added. Grant Cardone Says Passive Income Is the Key To Building Wealth: Here’s His No. 1 Way To Get It Money Expert Jaspreet Singh: Get Rich Through These 3 Investments “Again, while the fusion of these technologies in the investing space offers a lot of great potential, people should be cautious,” Baxley said. Overall, NewsBTC concluded that, “Alongside providing often unreliable advice, a lack of real-time data visibility is one of the biggest flaws in relying on AI models like ChatGPT for investment guidance.” More From GOBankingRates The Average American Spends This Much on Rent -- See How You Stack Up The Financial Feng Shui Rule: 7 Chinese Secrets to Attract Wealth 3 Things You Must Do When Your Savings Reach $50,000 Experts Share the 5 Best Money Moves To Make Before Retiring This article originally appeared on GOBankingRates.com : ChatGPT Was Given $20K To Invest in Stocks and Crypto — Here’s How It Made $2,000 in a Month... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• US stocks jumped on Monday and bond ETFs surged after a safety trade was sparked by Hamas attacking Israel.\n• Oil prices, energy stocks, and defense stocks surged in the aftermath of the Middle East conflict.\n• Comments from Federal Reserve members also signaled that further interest rate hikes may not be necessary.\nUS stocks jumped on Monday after a safety trade was sparked byHamas attacking Israel over the weekend.\nThe bond market was closed on Monday, but Treasury yields look set to decline on Tuesday based on the price action of bond ETFs and futures contracts tied to the Treasury note. Traders expect a 14-basis-point decline in the 10-year yield, according to futures data from the CME.\nRecent comments from Federal Reserve members also leaned dovish as they acknowledged the recent surge in long-term bond yields and suggested that further interest rate hikes may not be necessary.\nFed Vice Chair Philip Jefferson said in a speech to the National Association for Business Economics in Dallas on Monday that the Fed is "in a position to proceed carefully in assessing the extent of any additional policy firming that may be necessary."\n"I would want the public to know that we\'re going to be mindful, whatever is happening, and we will use data in real time to pick an appropriate response," Jefferson said.\nFed officials Mary Daly and Lorie Logan also recently acknowledged that the recent surge in yields could limit future rate hikes.\nHere\'s where US indexes stood shortly at the 4:00 p.m. closing bell on Monday:\n• S&P 500:4,335.66, up 0.63%\n• Dow Jones Industrial Average:33,604.65, up 0.59% (197.07 points)\n• Nasdaq Composite:13,484.24, up 0.39%\nHere\'s what else is going on today:\n• Israel\'s currency weakened to a seven-year low against the dollaron Monday, and the Bank of Israel announced it would sell up to $30 billion in foreign reserves.\n• Here\'s what six Wall Street experts had to sayabout the breakout of war between Israel and Hamas and its potential impact markets going forward.\n• The\xa0ongoing Treasury rout\xa0ranks as the deepest bond bear market in the 247-year historyof the US, according to Bank of America.\n• Defense stocks surged on Monday, with the share price of Northrop Grumman jumping as much as 12%. Meanwhile, General Dynamic and Lockheed Martin stock jumped 9% and 8%.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 4.32% to $86.37 a barrel.Brent crude, the international benchmark, gained 4.20% to $88.13 a barrel.\n• Goldjumped 1.70% to $1,876.60 per ounce.\n• The bond market was closed on Monday. The 10-year Treasury yield closed at 4.80% on Friday and was indicated to decline 14 basis points based on futures contracts.\n• Bitcoinfell 1.00% to $27,653.\nRead the original article onBusiness Insider', 'Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020. Andrew Kelly/Reuters US stocks jumped on Monday and bond ETFs surged after a safety trade was sparked by Hamas attacking Israel. Oil prices, energy stocks, and defense stocks surged in the aftermath of the Middle East conflict. Comments from Federal Reserve members also signaled that further interest rate hikes may not be necessary. US stocks jumped on Monday after a safety trade was sparked by Hamas attacking Israel over the weekend. The bond market was closed on Monday, but Treasury yields look set to decline on Tuesday based on the price action of bond ETFs and futures contracts tied to the Treasury note. Traders expect a 14-basis-point decline in the 10-year yield, according to futures data from the CME. Recent comments from Federal Reserve members also leaned dovish as they acknowledged the recent surge in long-term bond yields and suggested that further interest rate hikes may not be necessary. Fed Vice Chair Philip Jefferson said in a speech to the National Association for Business Economics in Dallas on Monday that the Fed is "in a position to proceed carefully in assessing the extent of any additional policy firming that may be necessary." "I would want the public to know that we\'re going to be mindful, whatever is happening, and we will use data in real time to pick an appropriate response," Jefferson said. Fed officials Mary Daly and Lorie Logan also recently acknowledged that the recent surge in yields could limit future rate hikes. Here\'s where US indexes stood shortly at the 4:00 p.m. closing bell on Monday: S&P 500 : 4,335.66, up 0.63% Dow Jones Industrial Average : 33,604.65, up 0.59% (197.07 points) Nasdaq Composite : 13,484.24, up 0.39% Here\'s what else is going on today: Israel\'s currency weakened to a seven-year low against the dollar on Monday, and the Bank of Israel announced it would sell up to $30 billion in foreign reserves. Here\'s what six Wall Street experts had to say about the breakout of war between Israel and Hamas and its potential impact markets going forward. The\xa0ongoing Treasury rout\xa0ranks as the deepest bond bear market in the 247-year history of the US, according to Bank of America. Defense stocks surged on Monday , with the share price of Northrop Grumman jumping as much as 12%. Meanwhile, General Dynamic and Lockheed Martin stock jumped 9% and 8%. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 4.32% to $86.37 a barrel. Brent crude , the international benchmark, gained 4.20% to $88.13 a barrel. Gold jumped 1.70% to $1,876.60 per ounce. The bond market was closed on Monday. The 10-year Treasury yield closed at 4.80% on Friday and was indicated to decline 14 basis points based on futures contracts. Bitcoin fell 1.00% to $27,653. Read the original article on Business Insider', 'This news release constitutes a "designated news release" for the purposes of the Company\'s amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - October 10, 2023) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE") is pleased to provide an update on its HPC and AI infrastructure projects. Figure 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5335/183425_27d3e08384371927_001full.jpg The Company is converting its 38,000 Nvidia data center GPU cards ("GPUs"), previously used to mine Ethereum and other cryptocurrencies, into an on-demand GPU cloud service. HIVE President and CEO Aydin Kilic stated, "We\'re on track to have 3,200 GPUs, mostly powerful Nvidia A40s, up and running in the AI/HPC space by the end of October." Mr. Kilic continued, "GPU cloud is far more complex than mining Bitcoin with ASICs. It took us a few months to get the right hardware architecture in placeand we\'ve had a breakthrough in the last week. Our GPU server utilization rate has gone from 40-50% during our test phase to over 80% last week as our commercialization ramps up, allowing those GPUs to almost double their daily cash flow per server. The team has done an amazing job, and we\'re rapidly learning and advancing this business. We\'re quite bullish on the GPU cloud market, which we see as one of those rare opportunities which only come along every few decades. The demand is growing quickly." HIVE\'s HPC and AI business is currently generating 15x more revenue than Bitcoin on a per-megawatt basis, and demand for GPU compute is growing rapidly. HIVE Executive Chairman Frank Holmes stated, "A recent report by Goldman Sachs suggests huge demand, as shown in the chart below. Fortune Business Insights has predicted that the GPU as a service market in North America will grow at a compounded annual growth rate of 34% until 2030. This is a blue-sky opportunity, thanks to remarkable demand from AI projects. For example, we think large language models, the tech behind ChatGPT, is just getting started. We think there\'s a use for them in almost every company, and these things require a lot of GPU power to build and run." Story continues Figure 2 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5335/183425_27d3e08384371927_002full.jpg HIVE leadership believes that GPU cloud will be an excellent complement to the Company\'s Bitcoin mining business. Revenue from our GPU infrastructure is growing quickly and should offer a stable source of cash flow to the business once it reaches scale. The Company is initially targeting two of the largest markets in the world, North America (via Canada) and Europe (via Sweden). Mr. Holmes said, "Our foundation in HPC and AI infrastructure is now secured in both North America and the Europe. Our GPUs are installed in powerful new SuperMicro servers in Tier 3 data centers. We realized a successful beta-test earlier this year with 400 GPUs, and our goal for the end of the year is 4,800 GPUs active by December 31." Mr. Holmes continued, "When we made the $66 million GPU purchase from Nvidia in 2021, we were planning beyond the Ethereum Merge. We strategically bought multi-use Nvidia cards instead of Ethereum-specific ones which are slightly more efficient. Why? Because these GPUs are hundreds, even thousands of times faster and more efficient than CPUs for certain workloads, including these new AI technologies. We\'re excited to build this business." One of HIVE\'s new Supermicro servers with 10x Nvidia A40 48 GB VRAM GPU To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5335/183425_27d3e08384371927_003full.jpg For more information and to register to HIVE\'s mailing list, please visit www.HIVEdigitaltechnologies.com . Follow @HIVEDigitalTech on Twitter and subscribe to HIVE\'s YouTube channel . On Behalf of HIVE Digital Technologies Ltd. "Frank Holmes" Executive Chairman For further information please contact: Frank Holmes [email protected] Forward-Looking Information Except for th Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $534,563,040,000 - Hash Rate: 461613756.0038587 - Transaction Count: 285060.0 - Unique Addresses: 629505.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin ( BTC ) pulled back from yesterday’s high above $28,000 on Wednesday as investors mulled the implications of Grayscale’s court victory over the U.S. Securities and Exchange Commission (SEC). The largest cryptocurrency by market cap was down 2% over the past 24 hours to $27,240. Ether ( ETH ) slightly outperformed, sinking 1.7% in the past 24 hours and hovering just above $1,700.. The broader crypto market mirrored the two leading assets’ move, with the CoinDesk Market Index dipping 2.4%. Cardano’s ADA , Solana’s SOL and Polygon’s MATIC led the decline among major altcoins, falling near 4% during the day and erasing most of their Tuesday advance. A federal appeals court yesterday ordered the SEC to review its rejection of investment manager Grayscale’s bid to convert its $14 billion Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF), spurring an immediate rally in digital asset prices and crypto-related stocks. Market observers hailed the decision as a landmark win that could potentially pave the way for a spot BTC ETF in the future. During the summer, a flurry of investment firms applied or renewed their bid to list such a product, including traditional finance giant BlackRock. Still, yesterday’s ruling does not automatically guarantee an approval of Grayscale’s or any other firm’s application. How sustainable is the BTC rally? While it’s too early to tell how sustainable Tuesday’s price jump was, “there are some small signs that we could see a slight reversal,” Clara Medalie, director of research at Kaiko, said in an interview with CoinDeskTV. Notably, the rally was accompanied by modest trading volumes on exchanges relative to other “mini bull markets,” spiking only to a two-week high, Medalie said. Trading volume represents market participants’ engagement in the market, she explained, thus the lackluster volume figure could signal some weakness behind the move. However, average BTC buy orders jumped to the highest since June, suggesting activity from large investors, which Medalie evaluated as “good news.” “A wave of ETF approvals could definitely be the bullish catalyst the crypto market needs right now,” she said, adding that “we are still in the middle of a tumultuous period for the industry with quite a few bankruptcies and lawsuits ongoing.” Market analyst Garreth Soloway forecasted further downside for bitcoin’s price in case it fails to break decisively above the $28,000 level where it traded before mid-August sell-off. “$28,000 is the price level at which the BTC price broke down. It is not uncommon for price to retrace to that level after a correction,” he explained in an emailed note. “BTC is still most likely to break down from the current levels, and the longer BTC trades sideways, the further the probable price decline.” The support level to watch is around $25,000, the price at which bitcoin sat in mid-June when Blackrock filed for a spot BTC ETF, Soloway added. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Non-fungible tokens (NFTs) took the world by storm in 2021 withbuyers spending millions of dollars on digital collectiblesin the art, entertainment, music and sports industries. As NFTs grew in popularity, the space gained the attention of celebrities like Logan Paul, Justin Bieber and Serena Williams, catapulting digital collectibles into the mainstream. We saw a new generation of collectors, investors, and fans move away from collecting physical items like baseball cards or Beanie Babies to spending more than a million dollars on a single Bored Ape.\nIn January 2022, NFTs were experiencing an all-time high trading volume ofUS$5.8 billion. But, in just a few short months, the market would come to a screeching halt. After the collapse of Terra USD and Luna, Bitcoin’s price nose dive, and the industry-shaking meltdown of FTX, the NFT market became one of the many victims of the “Crypto Winter,” with the trading volume plummeting toUS$395 million in August, a 30-month low, and traders are bracing for a furtherdip this month. This drastic decline is having artists, collectors and traders wondering if the industry is dying for good.\nWhile it’s true that picture-for-profile (PFP) NFTs are not booming, the value of NFTs has evolved to transcend price, and their uses are expanding far beyond a static image in someone’s wallet.\nNFTs have the ability totokenize real-world assetsand can offer exclusive physical and digital experiences for holders. We’re already seeing this concept of tokenization play out at scale.\nEarlier this year, the European Commission released itsStrategy for Sustainable and Circular Textiles, a new and innovative solution “to frame the future of Europe’s textiles and fashion industry with Digital Product Passports.” Digital product passports will be utilized as a tool to share details regarding the product’s environmental sustainability, including data on the product’s composition and environmental impact. By putting this measure in place, the industry will be able to better understand global sustainability goals and bolster clarity for consumers while advocating for environmentally conscious choices. This form of digital assets — while it’s not a traditional NFT — is where the future is headed.\nAs the business landscape of digital assets continues to expand from traditional use cases for NFTs to the tokenization of real-world assets, mainstream and luxury brands are also taking advantage of this technology. NFTs offer brands a new way to engage with consumers and provide additional real-world benefits, rewards, and experiences. ASICS, a renowned athletic shoe brand, launched a large-scale brandloyalty programon the Solana blockchain, leveraging NFT technology to excite and energize the company’s core audience.Nike,Doritosand hundreds of other brands are finding ways to leverage Web3 and NFT technology to appeal to a new generation of consumers driven not by speculation but utility.\nIn a rapidly evolving digital landscape, picture-for-profile NFTs still have a place, but they are not going to be the product driving mainstream adoption of Web3. Public financial interest in NFTs as we used to know them has slowed down, but the desire and creativity from brands to leverage digital assets is increasing. Loyalty programs, exclusive experience, digital content and rewards, our own digital identity and data ownership will define the next generation of NFTs and might actually be the killer use case that onboards the next billion people to Web3.', 'Non-fungible tokens ( NFTs ) took the world by storm in 2021 with buyers spending millions of dollars on digital collectibles in the art, entertainment, music and sports industries. As NFTs grew in popularity, the space gained the attention of celebrities like Logan Paul, Justin Bieber and Serena Williams, catapulting digital collectibles into the mainstream. We saw a new generation of collectors, investors, and fans move away from collecting physical items like baseball cards or Beanie Babies to spending more than a million dollars on a single Bored Ape. In January 2022, NFTs were experiencing an all-time high trading volume of US$5.8 billion . But, in just a few short months, the market would come to a screeching halt. After the collapse of Terra USD and Luna, Bitcoin’s price nose dive, and the industry-shaking meltdown of FTX, the NFT market became one of the many victims of the “Crypto Winter,” with the trading volume plummeting to US$395 million in August, a 30-month low , and traders are bracing for a further dip this month . This drastic decline is having artists, collectors and traders wondering if the industry is dying for good. While it’s true that picture-for-profile (PFP) NFTs are not booming, the value of NFTs has evolved to transcend price, and their uses are expanding far beyond a static image in someone’s wallet. NFTs have the ability to tokenize real-world assets and can offer exclusive physical and digital experiences for holders. We’re already seeing this concept of tokenization play out at scale. Earlier this year, the European Commission released its Strategy for Sustainable and Circular Textiles , a new and innovative solution “to frame the future of Europe’s textiles and fashion industry with Digital Product Passports.” Digital product passports will be utilized as a tool to share details regarding the product’s environmental sustainability, including data on the product’s composition and environmental impact. By putting this measure in place, the industry will be able to better understand global sustainability goals and bolster clarity for consumers while advocating for environmentally conscious choices. This form of digital assets — while it’s not a traditional NFT — is where the future is headed. As the business landscape of digital assets continues to expand from traditional use cases for NFTs to the tokenization of real-world assets, mainstream and luxury brands are also taking advantage of this technology. NFTs offer brands a new way to engage with consumers and provide additional real-world benefits, rewards, and experiences. ASICS, a renowned athletic shoe brand, launched a large-scale brand loyalty program on the Solana blockchain, leveraging NFT technology to excite and energize the company’s core audience. Nike , Doritos and hundreds of other brands are finding ways to leverage Web3 and NFT technology to appeal to a new generation of consumers driven not by speculation but utility. In a rapidly evolving digital landscape, picture-for-profile NFTs still have a place, but they are not going to be the product driving mainstream adoption of Web3. Public financial interest in NFTs as we used to know them has slowed down, but the desire and creativity from brands to leverage digital assets is increasing. Loyalty programs, exclusive experience, digital content and rewards, our own digital identity and data ownership will define the next generation of NFTs and might actually be the killer use case that onboards the next billion people to Web3.', 'REUTERS/Brendan McDermid US stocks climbed on Tuesday, with the Dow jumping more than 130 points. Bond yields tumbled after Fed officials hinted that the end of rate hikes may be near. The US 10-year Treasury dropped 13 basis points to hover at 4.651%. US stocks climbed Tuesday, while bond yields dropped following comments from key Fed officials that hinted at the end of rate hikes . Investors also continue to monitor developments in the Israel-Hamas conflict. Turmoil in the bond market, which is coming off one of its worst sell-offs in history, showed signs of easing on Tuesday, with both Atlanta Fed President Raphael Bostic and Dallas Fed President Lorie Logan pointing to a potential pause in rate hikes on the horizon The 10-year Treasury yield fell 13 basis points to 4.651%. "I actually don\'t think we need to increase rates any more," Bostic said during an interview with the American Bankers Association. "I think we are at a good place in that regard." Finding a "new equilibrium" for rates will be the next step following years of easy money, he added. Logan, meanwhile, noted that high bond yields may do the trick as far as cooling down the economy. "Higher term premiums result in higher term interest rates for the same setting of the fed funds rate, all else equal," she said in Dallas, during the National Association for Business Economics meeting. "Thus, if term premiums rise, they could do some of the work of cooling the economy for us, leaving less need for additional monetary policy tightening to achieve the FOMC\'s objectives." Here\'s where US indexes stood as the market closed at 4:00 p.m. on Tuesday: S&P 500 : 4,358.24, up 0.52% Dow Jones Industrial Average : 33,739.30, up 0.4% (+134.65 points) Nasdaq Composite : 13,562.84, up 0.58% Here\'s what else is going on: A trade group cautioned that the housing market will drag the economy into a hard landing unless the Fed takes certain "simple steps." Billionaire investor Paul Tudor Jones warned on stocks as Israel-Hamas conflict raises risks. Inflation could come roaring back and markets should be concerned , Deutsche Bank said. Argentine peso hit a record low, and Milei said "it can\'t be worth excrement." Fundstrat said stocks are bottoming and the market is approaching a perfect buying opportunity . Home prices have soared so much that 98 of the 100 biggest US cities are overvalued relative to historical levels. The IMF warned of bond market risks amid fears of a Silicon Valley Bank repeat . Jim Rogers rang the alarm on US debt and warned of bubbles in stocks and real estate. RBC says the yuan has a paltry share of reserves, so the dollar isn\'t going anywhere . Story continues In commodities, bonds, and crypto: Oil prices dropped, with West Texas Intermediate down 0.65% to $85.90 a barrel. Brent crude , the international benchmark, moved lower 0.65% to $87.58 a barrel. Gold edged higher 0.49% to $1,873.40 per ounce. The 10-y Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $528,594,420,544 - Hash Rate: 455914820.74455184 - Transaction Count: 264600.0 - Unique Addresses: 607097.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Faruk Fatih Özer, the founder of the collapsed Turkish crypto exchange Thodex, his sister Serap Özer and his brother Güven Özer have been sentenced to 11,196 years, 10 months and 15 days in prison, according to local media. A judicial fine of 135 million liras ($5 million approx.) was also imposed. Thodex was one of Turkey's largest crypto exchanges before it suddenly went offline in April 2021 and Özer went missing. Over 400,000 members were left in the dark without access to deposits of $2 billion in cryptocurrencies. Özer had fled to Albania but was arrested in August 2022 after an Interpol red notice against him. By April 2023, Özer was extradited to Turkey, and detained by police upon arrival on seven charges, including establishing and managing an organization with the purpose of committing a crime, being a member of an organization, fraud by using information systems as a tool of banks or credit institutions, fraud of merchants or company executives and cooperative managers, and laundering the value of assets resulting from crime. When the case came to light, Özer's brother, sister and four other senior employees were jailed and at least 83 people were detained as part of the investigation. The eventual trial saw 21 defendants facing up to 40,564 years in prison. The Anatolian 9th Heavy Penal Court announced the verdict on Thursday, acquitting 16 of the 21 defendants and releasing four of the seven jailed due to a lack of evidence. Other defendants were given varying degrees of imprisonment for various crimes. The collapse of Thodex created a stir in Turkey where crypto has been used as a hedge against sky-high inflation and the steep devaluation of the lira . Read More: Bitcoin Dreams Are Coming True in Argentina and Turkey View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The Hamas terrorist organization and its affiliates have received millions in cryptocurrency donations, according to areportby the Wall Street Journal based on data from forensics firm Elliptic and Tel Aviv software company BitOK.\nPalestinian Islamic Jihad received $93 million in crypto between August 2021 and June 2023, Elliptic said. Hamas received about $41 million in the same timeframe, the report read.\nCrypto is often seen as a subterfuge financing method for groups and nations cut from the U.S. controlled global financial system. North Korean hackers, for instance, havegained millions of dollarsin crypto from hacking various protocols and projects. Because of the privacy-preserving nature of many cryptocurrencies, these flows of funds are hard to track, raising anxiety among government agencies.“\n"This is not an easy task,” Israeli Defense Minister Yoav Gallant told the WSJ.\nCoinDeskreportedthis June that Hamas’ militant wing, Izz ad-Din al-Qassam Brigades, had received up to $100,000 in bitcoin (BTC) since the beginning of 2021 – with a spike in donations in May, when Israel and Hamas exchanged rocket attacks. Binance was at the center of the transactions, according to data from three blockchain analytics firms and CoinDesk’s analysis.\nStill, crypto is not the main source of money for Hamas and affiliated groups such as Palestinian Islamic Jihad and Hezbollah, based in Lebanon. Iran is by far the largest funding source, to the tune of $100 million a year, according to the U.S. government.\n“Crypto is a very small part of Hamas’ fundraising strategy. It’s mostly state-sponsored,” Ari Redbord, head of legal and government affairs of blockchain intelligence firm TRM Labs, told CoinDesk. “There’s a focus on it because you are trying to cut off financing by any means. But it’s a relatively small part of the picture.”', 'Bryan R Smith Stocks inched higher Wednesday as investors read through the latest Fed minutes. Central bankers remained mostly hawkish on their approach to inflation at the last policy meeting. Investors are eyeing the September CPI report due out on Thursday morning. US stocks rose on Wednesday as investors digested the latest minutes of September\'s Federal Reserve meeting and looked ahead for the September Consumer Price Index report, which is set to roll out Thursday morning. Major indexes ended the day mostly flat, though the S&P 500 and Nasdaq Composite finished slightly in the green. Central bankers signaled that they would continue to remain cautious on inflation at their last policy meeting, per the latest minutes. Though they acknowledged inflation expectations remain "well anchored," prices are still well-above the Fed\'s 2% target, having accelerated 3.7% in August . Around two-thirds of Fed members predicted one more rate hike before the end of 2023, according to the Fed\'s dot plot of interest rate expectations. Investors, though, have priced in a 91% chance the Fed will keep interest rates level at their next policy meeting, per the CME FedWatch tool. When accounting for inflationary pressures stemming from the Russia-Ukraine war, the Israel-Hamas war, and the UAW strike, the Fed will likely raise rates just 0.25% in December before pausing for good, according to Comerica Bank chief economist Bill Adams. "Either way, the Fed is likely to pivot to interest rate cuts in mid-2024 as core inflation, wage growth, housing prices, and other broad measures of price pressures move closer to pre-pandemic levels," Adams said in a note on Wednesday. Investors are now looking ahead to the September inflation report, due at 8:30 a.m. on Thursday. Economists are expecting inflation to have accelerated 3.6% last month, with core prices accelerating 4.1%. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday: S&P 500 : 4,376.94, up 0.43% Story continues Dow Jones Industrial Average : 33,804.81, up 0.19% (+65.51 points) Nasdaq Composite : 13,659.68, up 0.71% Here\'s what else is going on today: Bonds are offering investors equity-like returns , according to billionaire Howard Marks. Stocks and bonds are in for a \'painful\' journey ahead - and that makes cash more attractive, according to top economist Mohamed El-Erian. A key corner of Wall Street is making its most bearish bet against stocks ever . Janet Yellen says she supports using frozen Russian assets to help Ukraine . China is boosting its efforts to spread the yuan as it dumps $7.5 billion in offshore bonds. The housing market is in a bubble , but home prices may not fall anytime soon. In commodities, bonds, and crypto: West Texas Intermediate crude oil fell 2.27% to $84.02 a barrel. Brent crude , the international benchmark, slipped 1.5% to $86.33 a barrel. Gold inched higher 0.64% to $1,887.30 per ounce. The 10-year Treasury yield slipped eight basis-points to 4.566%. Bitcoin slumped 2.63% to $26,693. Read the original article on Business Insider', '• Stocks inched higher Wednesday as investors read through the latest Fed minutes.\n• Central bankers remained mostly hawkish on their approach to inflation at the last policy meeting.\n• Investors are eyeing the September CPI report due out on Thursday morning.\nUS stocks rose on Wednesday as investors digested the latest minutes of September\'s Federal Reserve meeting and looked ahead for the September Consumer Price Index report, which is set to roll out Thursday morning.\nMajor indexes ended the day mostly flat, though the S&P 500 and Nasdaq Composite finished slightly in the green.\nCentral bankers signaled that they would continue to remain cautious on inflation at their last policy meeting, per the latest minutes. Though they acknowledged inflation expectations remain "well anchored," prices are still well-above the Fed\'s 2% target,having accelerated 3.7% in August.\nAround two-thirds of Fed members predicted one more rate hike before the end of 2023, according to the Fed\'s dot plot of interest rate expectations.\nInvestors, though, have priced in a 91% chance the Fed will keep interest rates level at their next policy meeting, per the CME FedWatch tool.\nWhen accounting for inflationary pressures stemming from the Russia-Ukraine war, the Israel-Hamas war, and the UAW strike, the Fed will likely raise rates just 0.25% in December before pausing for good, according to Comerica Bank chief economist Bill Adams.\n"Either way, the Fed is likely to pivot to interest rate cuts in mid-2024 as core inflation, wage growth, housing prices, and other broad measures of price pressures move closer to pre-pandemic levels," Adams said in a note on Wednesday.\nInvestors are now looking ahead to the September inflation report, due at 8:30 a.m. on Thursday. Economists are expecting inflation to have accelerated 3.6% last month, with core prices accelerating 4.1%.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday:\n• S&P 500:4,376.94, up 0.43%\n• Dow Jones Industrial Average:33,804.81, up 0.19% (+65.51 points)\n• Nasdaq Composite:13,659.68, up 0.71%\nHere\'s what else is going on today:\n• Bonds are offering investors equity-like returns, according to billionaire Howard Marks.\n• Stocks and bonds are in for a \'painful\' journey ahead- and that makes cash more attractive, according to top economist Mohamed El-Erian.\n• A key corner of Wall Street is making its most bearish bet against stocks ever.\n• Janet Yellen says she supports using frozen Russian assets to help Ukraine.\n• China is boosting its efforts to spread the yuanas it dumps $7.5 billion in offshore bonds.\n• The housing market is in a bubble, but home prices may not fall anytime soon.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil fell 2.27% to $84.02 a barrel.Brent crude, the international benchmark, slipped 1.5% to $86.33 a barrel.\n• Goldinched higher 0.64% to $1,887.30 per ounce.\n• The 10-year Treasury yield slipped eight basis-points to 4.566%.\n• Bitcoinslumped 2.63% to $26,693.\nRead the original article onBusiness Insider', "Bricks (BRICK), the native token of Reddit's Fortnite community, surged 110% over the past 24-hours after having lost over 80% of its value in the past two-months. The majority of trading volume occurred on Kraken with the figure across all exchanges nearing $750,000, a 800% rise from the previous 24-hour period, according to CoinMarketCap . There is currently no clear catalyst for the increase in price, although it has bucked the wider cryptocurrency trend which saw bitcoin (BTC) fall back below $27,000 on Wednesday. Bricks is an ERC-20 token that was distributed to active members of the Fortnite subreddit, it rose significantly in August as hype around other Reddit community tokens like r/cryptocurrency's Moons (MOON) began to build. Liquidity remains relatively thin across all exchanges, with 2% market depth on Kraken equating to around $2,500 on both the bid and ask side. Market depth is a metric that assess the amount of capital required to move an asset in a certain direction. A lack of liquidity in an asset that has experienced significant upside presents a risk to traders as price could cascade back down with minimal effort, potentially trapping those that bought the recent high.", "Bricks (BRICK), the native token of Reddit's Fortnite community, surged 110% over the past 24-hours after having lost over 80% of its value in the past two-months. The majority of trading volume occurred on Kraken with the figure across all exchanges nearing $750,000, a 800% rise from the previous 24-hour period, according to CoinMarketCap . There is currently no clear catalyst for the increase in price, although it has bucked the wider cryptocurrency trend which saw bitcoin (BTC) fall back below $27,000 on Wednesday. Bricks is an ERC-20 token that was distributed to active members of the Fortnite subreddit, it rose significantly in August as hype around other Reddit community tokens like r/cryptocurrency's Moons (MOON) began to build. Liquidity Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $522,859,295,238 - Hash Rate: 470162158.8928191 - Transaction Count: 267090.0 - Unique Addresses: 624747.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: UPDATE: A Spanish court has ruled that tech titan John McAfee died by suicide, an inquest prompted by his familys questions on his jailhouse death. McAfee died in 2021 in a Spanish jail, and his death has already been ruled a suicide by authorities. But ex-ife Janice asked for a further probe. McAfee himself had previously stated that he was not suicidal and that he would be whacked if he died. More from Deadline Netflix Greenlights Documentary On Software Pioneer John McAfee, Who Went On The Run After His Neighbor Was Murdered In Belize John McAfee Dies: Eccentric Entrepreneur, Security Software Inventor And Cryptocurrency Pioneer Was 75 Bitcoin Arrives On Wall Street, Bringing Good News For Blockchain Entertainment The ruling today stated, There is not a single element of suspicion, of a charge against a third party, of criminal behavior, according to Reuters. EARLIER: The family of software pioneer John McAfee has stepped up their demand for answers a year after his mysterious death in a Spanish jail cell . McAfees corpse still remains unclaimed in a Spanish morgue. He was awaiting extradition to the US on tax evasion charges when he was found dead in a Barcelona cell. He was 75 years old. The software developer of the first commercial anti-virus software, McAfee had a strange last few years, globetrotting and immersed in the cryptocurrency and conspiracy worlds. Its difficult to put into words what life has been like this past year, McAfees widow, Janice, tweeted Thursday . McAfee was arrested in Spain and was jailed for eight months prior to his death, which authorities claimed was a suicide. His family disagreed and is pressing for a more detailed investigation. His body is being held while legal deliberations continue. A former third-party candidate for US president in 2016 and 2020, McAfee at one time had a fortune estimated at $100 million. While much of that was lost in the market crash of 2008, he still lived a lavish lifestyle from his base on the Belize island of Ambergris Caye. Story continues There, Belize police declared him a person of interest in the killing of American Gregory Faull, 52, who had complained about McAfees dogs before being discovered in his home with fatal gunshot wounds. McAfee was never charged in that case, but Belize authorities said they were actively looking for him. He lost a wrongful death suit in Florida brought by Faulls family. They won an award of $25 million, but never collected. Best of Deadline SAG-AFTRA Interim Agreements: Full List Of Movies And TV Series 2023 Premiere Dates For New & Returning Series On Broadcast, Cable & Streaming Film Festival Calendar Listings For 2023 Sign up for Deadline's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram . Click here to read the full article.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['San Diego, CA, Oct. 12, 2023 (GLOBE NEWSWIRE) -- A 100-page report issued by the World Economic Forum estimates the tokenization market to be worth $867 trillion with an expected 80x growth rate by 2030.\nA 100-page report issued by the World Economic Forum estimates the tokenization market to be worth $867 trillion with an expected 80x growth rate by 2030.\nRecent indicators seem to be pointing to the beginning stages of a recovery in the crypto market, largely due to the filing of a Spot Bitcoin ETF by the bluest of all the blue chips – BlackRock.\nBlackRock CEO Larry Fink was recently quoted as saying that tokenization will be “the next generation for markets.”\nTokenization, for those new to the term, is a process that converts real-world assets, such as stocks, bonds, art, luxury watches, real estate, or just about anything that holds intrinsic real-world value into digital tokens.\nThese tokens, traded on blockchain networks, represent ownership or rights to the underlying assets. They can be transferred and traded in a secure and transparent manner, much like passing a baton in a relay race, but in the digital realm.\nThe potential of tokenization to disrupt traditional finance is massive, a tectonic movement that could revolutionize the financial industry.\nTo get some deep insight on the current state of affairs we caught up with Thomas Carter, veteran entrepreneur and thought leader in the area of tokenization and digital securities.\nFrompredicting crypto’s $1T crypto market capto being one of the earliest pioneers of security tokens, Carter has been pushing innovation in this space for over seven years.\nAs the Founder ofDeal Box, a blockchain and AI powered security token issuance and investment platform, and the CEO of True I/O (recently raised $9M) Carter has been instrumental in guiding the development of asset tokenization. His expertise and vision in these areas have made him a sought after mentor.\nAlong with creating one of the first security token issuance and investment platforms (Deal Box), Carter’s contributions to the tokenization ecosystem include creating user-friendly fintech solutions that enable broader adoption.\nFor example, as founder of TNS (recently merged into True I/O) he developed a domain naming service that simplifies the complex process of blockchain transactions by creating user-friendly IDs in place of lengthy blockchain addresses calledDigital Names.\nHis acumen extends beyond tokenization and includes the field of cybersecurity and supply chain management as the driving force behindTrue I/O.\nTrue I/O is an ecosystem of blockchain/AI/VR enabled solutions that enhance password security, secure sensitive data, and fortify cybersecurity infrastructure as well as supply chain security for mobile or embedded devices – that is, IoT (Internet of Things).\nOne of True I/O’s flagship products is theUniversal Communications Identifier (UCID™), a cross-network security solution for any device connected to any network.\nTrue I/O and Deal Box recently partnered with Fireblocks, a platform that secures digital assets. Fireblocks provides a secure infrastructure for moving, storing, and issuing digital assets, enabling businesses to securely scale their digital asset operations.\nRecently, Carter has expanded his expertise in digital securities to include tokenization of Real World Assets (RWAs). RWAs refer to tangible assets that exist in the physical world, such as real estate, precious metals, commodities, artwork, private equity, etc.\nThese assets have inherent value and can be tokenized using blockchain technology, which involves representing ownership rights as digital tokens on a distributed ledger.\nThe tokenization of RWAs presents a generational opportunity in the finance industry. By tokenizing real-world assets, individuals and institutions can gain fractional ownership and access to these assets, which were previously limited to a select few.\nTokenization enables the democratization of asset ownership, allowing smaller investors to participate in traditionally exclusive markets, enhanced secondary market liquidity and cross-border transactions.\nIn a recent interview Carter had this to say about the BlackRock ETF and Fink’s remarks on tokenization –\n“I’ve always felt that tokenization was the bigger story here, not cryptocurrencies, albeit an important part of the crypto ecosystem. After 20 years in traditional finance I realized early on that the genie in the crypto bottle was the transparency, universal access, and reduced frictional costs made immutable by cryptography.\nBy bringing traditional assets and financial products on-chain we are unlocking trillions worth of liquidity that is expected to be anywhere from 10-40% of global GDP by 2030. Those are staggering numbers.\nI think the timing of the BlackRock ETF is brilliant in that it coincides with a Bitcoin halving event which is a deflationary algorithm programmed into Bitcoin that reduces the available supply and the GWTH (Greatest Wealth Transfer in History). The Boomers are transferring that wealth to a generation that grew up with blockchain tech.\nNot only does the ETF cash in on the $30+ trillion dollar retirement market but it also sets itself up to be a likely preferred investment vehicle for the incoming generation.\nDespite the fact that scores of previous Bitcoin ETFs have been rejected by the SEC, I think given the size and gravity of BlackRock, that they wouldn’t place the bet unless they had good reason to expect a win.\nThat win I believe is and will be the catalyst for the next bull market in crypto which if I had to speculate will take us somewhere into the vicinity of a 10 trillion dollar crypto market cap before 2025. The crypto market has been waiting for an incremental buying trend and this is it.\n“Now is the time to act.”\nOne area of tokenization in particular deserves particular attention. The tokenization of private equity, Carter’s forte, and the core offering ofDeal Box.\nTokenization of Private Equity\nPrivate equity tokens are a digital representation of ownership in private equity investments on the blockchain.\nThese tokens enable fractional ownership, improved liquidity and simplified management of private equity assets.\nA recent study found fund managers in France, Spain, Germany, Switzerland and the United Kingdom, collectively responsible for around $546.5 billion in assets under management, found that 73% of the participants identified private equity assets as the most likely first to see significant tokenization.\nMoreover, the World Economic Forum hasestimatedthat up to 10% of global GDP could be stored and transacted via distributed ledger technology by 2027, with crypto-asset custodian Finoa reporting that tokenized markets may beworthas much as $24 trillion by the same year.\nThe Benefits of Private Equity Tokenization\nPrivate equity tokens shine in their promise of heightened liquidity. Historically, private equity investments have been hamstrung by extended lock-up times and scarce exit strategies, deterring certain investors. Tokenization, however, transforms these assets, facilitating their trade on secondary markets, and presenting a more fluid investment option. This revamped liquidity simplifies the process for investors to buy and sell, and unveils the worth of previously hard-to-move assets, appealing to a more diverse investor base.\nMoreover, private equity tokens usher in an era of transparency in a traditionally guarded sector. Rooted in blockchain technology, these tokens enable public monitoring of both ownership and transaction history. This immediate and open view into assets can elevate trust and diminish risks linked to deceit and poor oversight.\nLastly, these tokens revolutionize accessibility to the private equity realm. They lower the entry barrier for everyday investors by offering pieces of ownership in private entities or funds. This fractional ownership invites modest-scale investments, widening the door for more people to invest in and benefit from private sector growth. Such inclusivity not only enriches investment portfolios but also spurs innovation and economic expansion by channeling more funds into the private domain.\nTo learn more about how the process of private equity tokenization works visitDeal Box.\nAbout Thomas Carter\nThomas Carteris a leader and evangelist for enterprise-grade FinTech and blockchain technology adoption.\nHe was an early pioneer of Security Token technology and brings 30 + years of proven traditional capital markets acumen to the nascent field of tokenization.\nHe is the founder and Chairman of Deal Box, a capital markets consulting firm focused on helping entrepreneurs and investors by leveraging automation, artificial intelligence, and blockchain technologies.\nCarter is also the CEO of True I/O whose mission is to help traditional financial and capital services realize the promise of transparency, universal access and reduced costs that blockchain tech offers.\nThomas can be reached via:\nThomascarter.io\nTrue.io\nLinkedInhttp://trueio.io\nCONTACT: Thomas Carter thomas-at-tnscorp.io', "• US stocks fell Thursday as bond yields resumed their upswing amid new inflation data.\n• September's CPI came in hotter than estimated, climbing 0.4% for the month.\n• The latest 30-year Treasury auction also saw weak demand, further boosting yields.\nUS stocks fell Thursday as the latest round of inflation data and a weak bond auction sent Treasury yields back up sharply.\nTheconsumer price indexgained 0.4% in September from the prior month, above expectations for a 0.3% increase. Similarly, it rose 3.7% from a year ago, outpacing estimates of a 3.6% rise.\nMeanwhile, the US sold $20 billion of 30-year bonds, butdealers had to take up more supply after investors balked, signaling weak demand amid soaring debt issuance.\nThe 10-year yield climbed over 10 basis points to about 4.7%, while the 30-year yield shot up as Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $522,705,035,625 - Hash Rate: 393226532.892176 - Transaction Count: 279518.0 - Unique Addresses: 662518.0 Social & AI Sentiment: - Fear & Greed Index: 0.44 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This article was originally published onETFTrends.com. Approval of a spot bitcoin exchange traded fund in the U.S. is one of the most widely anticipated and delayed events in the roughly three-decade history of the ETF industry. Those delays are popping up again. The Securities and Exchange Commission (SEC) recently put off decisions on some recent spot bitcoin ETF filings until next year. That’s not unusual – the commission has an established history of doing that. Nor does it mean those filings will be rejected. For now, however, there’s plenty of speculation and not much in the way of tangible results in terms of these ETFs coming to market in the U.S. One thing that crypto bulls and market observers can agree on is that the price of bitcoin could surge in epic fashion if related spot ETFs are approved in the U.S. If that happens, established crypto-related ETFs such as theInvesco Alerian Galaxy Crypto Economy ETF (SATO)could generate noteworthy upside of their own. On the spot bitcoin ETF approval front, SATO is relevant for multiple reasons. First, the bulk of the ETF’s 36 holdings are bitcoin miners – an asset class intimately correlated to the digital currency’s price action. Second, SATO’s largest holding is theGrayscale Bitcoin Trust (GBTC). That fund would likely rocket higher if a spot bitcoin ETF comes to life. In fact, Grayscale is attempting to convert GBTC to the ETF wrapper. GBTC accounts for 17.66% of SATO’s roster. The point is the approval of a spot bitcoin ETF has implications, most of them positive, for assets like SATO. Consider the following. In a recent interview with CNBC, Fundstrat's Tom Lee said a US-listed spot bitcoin ETF could lead to favorable supply/demand dynamics for the digital currency. That would potentially take its price to $150,000 and perhaps as high as $180,000. Those prices are more than five and six times where bitcoin resides at this writing. Even if the SEC doesn’t approve a spot bitcoin ETF, there are avenues for bitcoin to deliver 2024 upside. Though not likely to the tune of reaching six-figure territory. Lee mentions the 2024 halving and the possibility of a more accommodative monetary policy from the Fed as potential catalysts for the cryptocurrency next year. “Crypto is dependent on monetary policy. So, if inflation is cooling, then we can start to bet on forward financial conditions easing and central bank easing sooner," Lee said in the CNBC interview. "That's bullish for crypto or alternative assets." For more news, information, and analysis, visit theCrypto Channel. 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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['REUTERS/Brendan McDermid US stocks ended mixed but made weekly gains as investors digested lower interest rates and prepare for third-quarter earnings. The 10-year Treasury yield fell about 25 basis points from its 52-week high this week to 4.63%. A slew of bank earnings kicked off earnings season on Friday, and investors are expecting a rebound in profits. US stocks were mixed on Friday but ended the week higher as investors digested a decline in interest rates and the start of the third-quarter earnings season. The 10-year US Treasury yield fell about 25 basis points over the course of the week from its 52-week high of 4.88% to 4.63%. The decline was sparked by a safety trade following the outbreak of war between Israel and Hamas, as well as a wave of dovish comments from Federal Reserve members. The most recent came on Friday from Philadelphia Fed President Patrick Harker, who advocated for a pause in interest rate hikes. "Absent a stark turn in what I see in the data and hear from contacts... I believe that we are at the point where we can hold rates where they are. Look, we did a lot, and we did it very fast," he said in prepared remarks to the Delaware State Chamber of Commerce. Friday also marked the start of third-quarter earnings season with results from several banks and financial institutions. JPMorgan , Wells Fargo , Citigroup , and BlackRock all beat analyst estimates for revenue and profit. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,327.78, down 0.50% Dow Jones Industrial Average : 33,670.29, up 0.12% (39.15 points) Nasdaq Composite : 13,407.23, down 1.23% Here\'s what else happened today: Wharton professor Jeremy Siegel argued that stocks still represent a good value, even if an economic recession arrives. China remains on the brink of deflation as the country continues to see weakness in its economy following a lackluster reopening from the COVID-19 pandemic. Ray Dalio warned that the Israel-Hamas conflict could trigger more clashes around the world, with the risk of war rising to 50%. JPMorgan CEO Jamie Dimon warned it\'s "the most dangerous time the world has seen in decades" amid global conflicts and soaring debts. Home foreclosure activity in the US\xa0 surged to the highest level since the start of the pandemic , a sign that the financial aftermath of COVID-19 has been wearing out cash-strapped homeowners. Oil prices surged 5% on Friday amid geopolitical tensions in the Middle East and after the US imposed sanctions related to Russian oil. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 5.70% to $87.64 a barrel. Brent crude , the international benchmark, gained 5.69% to $90.89 a barrel. Gold jumped 3.11% to $1,941.60 per ounce. The 10-year Treasury yield fell 8 basis points to 4.62% on Friday. Bitcoin rose 0.01% to $26,757. Read the original article on Business Insider', '• US stocks ended mixed but made weekly gains as investors digested lower interest rates and prepare for third-quarter earnings.\n• The 10-year Treasury yield fell about 25 basis points from its 52-week high this week to 4.63%.\n• A slew of bank earnings kicked off earnings season on Friday, and investors are expecting a rebound in profits.\nUS stocks were mixed on Friday but ended the week higher as investors digested a decline in interest rates and the start of the third-quarter earnings season.\nThe 10-year US Treasury yield fell about 25 basis points over the course of the week from its 52-week high of 4.88% to 4.63%. The decline was sparked by a safety trade following the outbreak of war between Israel and Hamas, as well as a wave of dovish comments from Federal Reserve members.\nThe most recent came on Friday from Philadelphia Fed President Patrick Harker, who advocated for a pause in interest rate hikes.\n"Absent a stark turn in what I see in the data and hear from contacts... I believe that we are at the point where we can hold rates where they are. Look, we did a lot, and we did it very fast," he said in prepared remarks to the Delaware State Chamber of Commerce.\nFriday also marked the start of third-quarter earnings season with results from several banks and financial institutions.JPMorgan,Wells Fargo,Citigroup, andBlackRockall beat analyst estimates for revenue and profit.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,327.78, down 0.50%\n• Dow Jones Industrial Average: 33,670.29, up 0.12% (39.15 points)\n• Nasdaq Composite:13,407.23, down 1.23%\nHere\'s what else happened today:\n• Wharton professorJeremy Siegel argued that stocks still represent a good value,even if an economic recession arrives.\n• China remains on the brink of deflationas the country continues to see weakness in its economy following a lackluster reopening from the COVID-19 pandemic.\n• Ray Dalio warned that the Israel-Hamas conflict could trigger more clashesaround the world, with the risk of war rising to 50%.\n• JPMorgan CEO Jamie Dimon warned it\'s "the most dangerous time the world has seen in decades"amid global conflicts and soaring debts.\n• Home foreclosure activity in the US\xa0 surged to the highest level since the start of the pandemic, a sign that the financial aftermath of COVID-19 has been wearing out cash-strapped homeowners.\n• Oil prices surged 5% on Friday amid geopolitical tensionsin the Middle East and after the US imposed sanctions related to Russian oil.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 5.70% to $87.64 a barrel.Brent crude, the international benchmark, gained 5.69% to $90.89 a barrel.\n• Goldjumped 3.11% to $1,941.60 per ounce.\n• The 10-year Treasury yield fell 8 basis points to 4.62% on Friday.\n• Bitcoinrose 0.01% to $26,757.\nRead the original article onBusiness Insider', 'Bitcoin. Getty Images A Bitcoin mine in Wyoming is on the radar of Pentagon officials. The mine is connected to multiple Chinese companies and sits across from a Microsoft data center. The company said that its placement near the data center, which supports the Pentagon, was unrelated. Pentagon officials monitoring a Bitcoin operation in Wyoming that sits across from a Microsoft data center and a nearby military base are worried that the owners\' ties to China could pose a national security threat, per The New York Times . Microsoft believed the location could allow the Chinese government to "pursue full-spectrum intelligence collection operations" directed at the data center and the Francis E. Warren Air Force Base, which houses ICBMs. The crypto mining operation first came under the US government\'s purview after a team at Microsoft submitted a report to the Committee on Foreign Investment in August 2022. The team believed the mining operation had the potential to collect information from the data center, which supports the operational needs of the Pentagon , the Times reported. "Microsoft has no direct indications of malicious activities by this entity," Microsoft wrote, per the Times. "However, pending further discovery, we suggest the possibility that the computing power of an industrial-level cryptomining operation, along with the presence of an unidentified number of Chinese nationals in direct proximity to Microsoft\'s Data Center and one of three strategic-missile bases in the US, provides significant threat vectors." In 2021, China banned the resource-intensive practice of Bitcoin mining . Businesses in the cryptocurrency market scrambled to establish themselves in other countries, including the US. The Times identified mines in 12 states that were owned by Chinese nationals. Per the outlet, some had ties to the Chinese government , some did not, and others could not be easily traced. The Cheyenne, Wyoming, center was one such mine, per the Times. The Times reported that the mining operation is linked to five different companies, with one company, Bit Origin Ltd., previously registered as a pork-processing company in the Cayman Islands . Story continues Li Jiaming, the president of Bit Origin Ltd., said that the Microsoft data center or the nearby military base had nothing to do with why the area was chosen. Instead, the mine was placed there because a local utility company agreed to work with Bit Origin. "Even though we are a Microsoft neighbor and a couple of miles from the base, without power it is nothing — the business cannot succeed," Jiaming told the Times. Officials who spoke with the Times cited concerns that the mines, which use an immense amount of electricity in their operations, would be used to purposefully overwhelm electrical grids to cause planned blackouts and complete other cyberattacks . US officials have expressed growing concern that the Chinese government is attempting to target and disrupt US military operations. In July, the Times reported military officials identified Chinese malware that could disrupt power, water, and communications to military bases. Read the original article on Business Insider', '• A Bitcoin mine in Wyoming is on the radar of Pentagon officials.\n• The mine is connected to multiple Chinese companies and sits across from a Microsoft data center.\n• The company said that its placement near the data center, which supports the Pentagon, was unrelated.\nPentagon officials monitoring a Bitcoin operation inWyomingthat sits across from a Microsoft data center and a nearby military base are worried that the owners\' ties to China could pose a national security threat, perThe New York Times.\nMicrosoft believed the location could allow the Chinese government to "pursue full-spectrum intelligence collection operations" directed at the data center and the Francis E. Warren Air Force Base, which houses ICBMs.\nThecrypto mining operationfirst came under the US government\'s purview after a team atMicrosoftsubmitted a report to the Committee on Foreign Investment in August 2022. The team believed the mining operation had the potential t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $525,203,833,875 - Hash Rate: 416022273.9294035 - Transaction Count: 265220.0 - Unique Addresses: 612783.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Raj Chowdhury, the CEO of HashCash, believes that cryptocurrency can pave the way for a world without limitations. He maintains a positive outlook on the capabilities of cryptocurrencies to surpass conventional boundaries and enable individuals worldwide. PALO ALTO, Calif. , Oct. 10, 2023 /PRNewswire-PRWeb/ -- The recent years have seen a remarkable growth of cryptocurrencies . A growing number of people now acknowledge its potential as a global currency. As we progress towards a more digital world, the concept of having a universal currency is gaining more traction. Despite the regulatory challenges and the market's volatility, cryptos have the potential to become the sole currency worldwide. With further advancements and widespread adoption, we can envision a future where transactions are borderless. Among many, HashCash Consultants CEO Raj Chowdhury believes that crypto has the potential to create a borderless world. New digital forms of currency hold the potential to transform the financial sector. They offer rapid and cost-effective payment options, enhance financial inclusion, and simplify cross-border transfers. Nonetheless, adopting these currencies involves intricate policy decisions and substantial investment. While some countries may contemplate introducing cryptoassets as their national currencies, the drawbacks and expenses usually surpass the advantages. Unlike central bank-issued digital currencies and stablecoins, cryptoassets are volatile and privately issued tokens. In addition to cryptoassets, private businesses are delving into novel avenues of digital money like mobile-based money transfers. CEO of HashCash Consultants and Bitcoin Maximalist, Raj Chowdhury asserts, "In the ongoing battle between humanity and technology, it is often the latter that emerges victorious. A perfect example is the advent of cryptocurrency , which has the capacity to usher in a world free of geographic and financial limitations." Story continues The adoption of cryptocurrencies as legal tender worldwide could streamline cross-border transactions, travel, and shopping. Nevertheless, it may make a significant percentage of financial service providers redundant. Conversely, fiat currencies give countries the ability to manage their economy by adjusting interest rates according to their needs. A universal cryptocurrency , however, would eliminate this leverage, leaving countries with minimal scope to enhance their economy or increase the value of their fiat currencies. Nonetheless, it could also potentially bring an end to ongoing conflicts between nations and promote global equality. "As we progress towards a more digitally-driven future, the concept of a global currency becomes increasingly viable, and I firmly assert that cryptocurrencies will serve as a crucial tool in realizing this objective," concluded Chowdhury. The US-based blockchain development company HashCash Consultants has developed several products and offered services to over 26 countries. Products such as crypto payment processors , and white-label crypto exchange platforms are trending among retailers in the US and other countries. HashCash was recently listed as the top blockchain development company by a global research firm. In summary, although the extensive use of digital currencies could pose some advantages and drawbacks, it has the extraordinary capacity to establish a world free of limits. This world would eradicate the obstacles of financial transactions and encourage equality worldwide. About Raj Chowdhury: Raj Chowdhury is the Managing Director of HashCash Consultants and Paybito . Raj pioneered the first interbank Trade Finance and Remittance implementation of Blockchain Technology between two of the largest global banks. Raj is an eminent voice in the Blockchain and Cryptocurrency space and actively engages with policymakers in this area. He is a contributor to the Economic Times, Business World, and CNNMoney and advises industry leaders in the adoption of Blockchain. He is a member of Asha Silicon Valley, a nonprofit committed to education for children in emerging countries. Author of the book 'The Dark Secret of the Silicon Valley', Raj is an investor in blockchain and cryptocurrency companies and an active member of the philanthropic community. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] Cision View original content to download multimedia: https://www.prweb.com/releases/hashcash-ceo-raj-chowdhury-is-optimistic-about-the-potential-of-cryptocurrency-to-create-a-world-without-boundaries-301951074.html SOURCE Hashcash Digest... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Are you tired of working the same job you’ve sworn to quit countless times? You might be stuck in a rut — and your more successful friends have noticed. You might envy their Saturday morning hikes and large retirement accounts, but it might simply be a result ofnot approaching problems or opportunities like they do.\nI’m a Financial Planning Expert:Here Are 5 Things You Should Never Spend Money on If You Want To Be RichSee:How To Build Your Savings From Scratch\nIf you’re wondering what your successful friends are thinking about the way you manage work and money, take a seat because here is what they’re not telling you.\nYou know that friend you’re always hitting up for money? Well, that friend thinks you’d really benefit from a budget. Fortunately, making one just takes a little commitment.\n“Find an app or system that works well for you, such as Mint, You Need A Budget or just an Excel spreadsheet,” said Kate Holmes, a certified financial planner and Belmore Financial founder. “Import the last few months of all checking, debit and credit card transactions, and see where things are at. You’ll likely be surprised by some of the category totals.”\nHolmes encourages you to consider how much happiness each budget item brings you, as means of tracking down unnecessary expenses. Here’s a breakdown she recommends:\n• 50% of your take-home pay for food, housing and necessities\n• 30% for discretionary spending\n• 20% for paying off debt and building savings\n‘Automatic Millionaire’ Author David Bach:These Are the 2 ‘Primary Escalators to Wealth’Read More:Suze Orman’s Top 26 Tips That Will Save You From Financial Disaster\nBad news for those dreaming of retirement: Most of us won’t be retiring in style if we rely solely on Social Security benefits. In 2023, the average monthly Social Security check is just $1,751 for retirees. So, what can you do to prevent tarnished golden years?\nUtilize your workplace retirement plan and take advantage of your employer’s matching program, said consumer finance expert Kevin Gallegos, vice president of Phoenix operations for Freedom Financial Network. Gallegos recommends saving 10% to 15% of your gross pay for retirement. If you can’t swing that, just start with what’s manageable for you.\nMore Tips:Mark Cuban Says This Is the No. 1 Thing To Do To Build Wealth\nThe financially savvy see credit cards as a convenience, not a debit account. A GOBankingRates survey found that 50% of Americans have credit card debt. If you carry a high balance month to month and have high interest rates, you’re paying a premium for the same purchases your debt-free friends make.\nDodge debt and avoid using credit cards except in emergencies. “Few, if any, investments will return as much,” Gallegos said. “Having no credit card debt provides a financial cushion itself.” If you’re having trouble doing this, you can consider some ways to avoid or get out of credit card debt.\nChances are you think you can’t invest because you don’t have the money. But what if you don’t have the money because you don’t invest?\nPassive income is a key differentiating factor between financial struggles and financial success, and investments like penny stocks or Bitcoin alternatives don’t have to break the bank. As a Cardan Capital financial advisor told U.S. News and World Report, “This allows (you) to generate income or grow assets even when (you) are not sitting in the office.”\nIf speculation isn’t your game and entrepreneurship isn’t your bag, invest what you can in small business — either way, investing makes your money work for you.\nEvery single purchase you make has two costs: the price you pay for the product or service and what you give up when you make that purchase. Folks in finance call the latter the “opportunity cost.” You bought the shoes, so now you can’t afford that contribution to your IRA.\nBillionaire investor Warren Buffett often quotes his partner and self-made billionaire, Charles Munger, when speaking about opportunity costs, calling them “mistakes of omission.” In regrettable moments, the duo didn’t invest in something when they should have or weren’t able to because their money was tied up elsewhere. Like those shoes, the mistake lies in the opportunity omitted when you don’t consider the opportunity cost.\nI’m a Financial Advisor Who Works With Wealthy Families:These Are the Best Ways To Transfer Wealth\nSelf-made millionaires don’t have all those commas in their bank account balances based solely on their own genius — they had the good sense to seek out help from financial planners and money managers. As former BlueShore Financial advisor Steven Batie said, “The first step in developing your financial plan is to meet with an advisor,” citing potential improvements in everything from cash flow to investments to financial understanding.\nDon’t understand disintermediation or the efficient frontier concept? Join the club. That’s exactly why we need a pro on our side.\nWhen that coveted paycheck comes in, it’s a whole lot more tempting to splurge on venti lattes or video games than it is to squirrel away savings.\nInstead, automate your financial security. Sit down with your company’s HR department and request that a percentage of every single check goes straight toward your savings or investments. Like bestselling financial author David Bach wrote in “The Automatic Millionaire,” “The truth is, you’re too busy to spend all day thinking of wealth building. You need a system that works while you sleep — a system that is automated.”\nAccording to Business Insider, Warren Buffett still lives in the home he bought for $31,500 in 1958, Mark Zuckerberg has long driven an affordable Volkswagen and Ikea founder Ingvar Kamprad often took the bus to work. Their net worths range from about $40 billion to $117 billion, so if money isn’t the reason for these cutbacks, what is?\nSimple frugality. Some of the richest people on earth recognize that living below your means is essential to financial sustainability. Take Bill Gates, for instance, who famously said, “I can understand wanting to have millions of dollars, there’s a certain freedom, meaningful freedom, that comes with that. But once you get much beyond that, I have to tell you, it’s the same hamburger.”\nFind Out:What Income Level Is Considered Middle Class in Your State?\nIf you weren’t born rich, you have to work much harder for your earnings and adopt a strong, steadfast attitude that translates into wealth.\n“Look at every successful person across a wide spectrum of industries and activities,” said award-winning marketing advisor John Mulry. “All had their obstacles, demons and downfalls, but their desire to succeed and ability to overcome was greater than anything else. They were willing to stop at nothing to achieve.”\nMost friends won’t tell you that you’re a quitter. That means it’s totally up to you to make the hard call, and that is something only winners do.\nJust about everyone loves a Frappuccino in the morning and Chipotle with colleagues in the afternoon. Meanwhile, your brown-bagging coworker secretly knows that you’ve just wasted $25.\nIn a major metro city, buying a grande Frappuccino at Starbucks five days a week will set you back around $1,500 per year. But back at home, it costs as little as 27 cents to brew a cup of coffee yourself — that’s an annual saving of more than $1,400.\nRethinking your Frappuccino yet?\nSo you’ve got a buddy who runs marathons, climbs mountains and made $1 million before she turned 30. The first thing she’d tell you is that you need a clear goal to accomplish anything and properly manage your money.\n“It’s very hard to get where you’re going without knowing where you want to go,” Gallegos said. “Similarly, it’s very hard to save without setting goals. Those goals might include retirement, a vacation, a new piece of furniture, a child’s education or time to train for a marathon.”\nWhatever your financial goals, write them down and then budget for them. If you get stuck, call that friend who climbs mountains for advice.\nRead More:Money Expert Jaspreet Singh Says ‘Becoming Wealthy Is Surprisingly Simple’ — Here’s Why\nLife has a nasty habit of throwing curveballs in the form of emergency car repairs and unexpected medical bills, among other unwanted surprises. When you’re suddenly treading financial water, your friends are looking on from the life raft and lamenting your lack of financial foresight.\nInstead of drowning in new debt, listen to Kate Holmes: Whether it’s a job layoff or worse, you want to ensure you can cover all necessary expenses for three to six months.\nThis is a tough one (and there might be exceptions just for basic human empathy), but successful people didn’t get to the top by lending people money. LSS Financial Counseling program director Elaina Johannessen lays out it plainly, writing, “We give to others because (it) feels good. It might be difficult to say ‘no,’ but in the end, you have to do what’s best for you and your family.”\nJohannessen advises friendly lenders to consider the risks and opportunity costs of lending and to refer struggling friends to resources like local county offices or charitable organizations whenever possible.\nYou know your frugal friend with the iPhone 8, Old Navy jeans and bulky TV? He’s silently shaking his head at your iPhone 14, Dolce and Gabbana denim and massive smart TV. When it comes to impulse buys, trust your gut — you know when you’re being indulgent.\nAnother great trick to curb spending, Gallegos said, is to pay with cash. This tip makes spending much less convenient while giving you a very real feel for how much you are truly dishing out. Gallegos cited research noting that people who pay with cash instead of credit or debit cards typically spend 15% to 20% less.\nCut More Costs:Unplug These Appliances That Hike Up Your Electricity Bill\nUltimately, patience and planning are two of the most crucial habits of rich people. Consistently managing you Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $524,970,840,262 - Hash Rate: 475861094.152126 - Transaction Count: 251923.0 - Unique Addresses: 571061.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: In August, the cryptocurrency market experienced a dramatic shift in momentum. Bitcoin, the flagship cryptocurrency, faced a significant setback as its price plunged below the $25,000 mark. This drop marked its lowest level since mid-June, highlighting the persistent volatility that has gripped crypto markets. Bitcoin had shown resilience earlier in the year, staging a notable turnaround from its 2022 lows and trading above $31,500 in early July. However, late July marked a turning point, and August proved to be a challenging month for Bitcoin, with its value plummeting by nearly 10%. As September began, Bitcoin continued to face a rocky path, struggling to surpass the psychological level of $26,000. The looming Federal Reserve meeting further intensified market uncertainty, leaving investors and analysts eager to understand what lies ahead for Bitcoin in September. The beginning of September has been marked by ongoing turbulence in the cryptocurrency market. Bitcoin's price has been notably volatile, with fluctuations making it challenging to regain its footing and surpass the psychological barrier of $26,000. At the time of writing, the currency is trading at around $25,730-level. Historically, Bitcoin's performance has exhibited a close correlation with that of the tech-heavy Nasdaq 100 stock index. This connection arises from the perception of both tech stocks and cryptocurrencies as risky assets. Consequently, investors often respond to market conditions in a similar manner when determining their investment strategies. Despite the recent lows, there are several encouraging signs for those who maintain faith in Bitcoin's potential. One of the most significant developments of 2023 for the Bitcoin ecosystem was the legal victory in the U.S. Court of Appeals for the D.C. Circuit, involving Grayscale and the U.S. Securities and Exchange Commission (SEC) in late August (read: 5 Favorable Events Bitcoin Had in 2023: ETFs in Focus). The court sided with Grayscale in its lawsuit against the SEC's denial of the company's application to convert the Grayscale Bitcoin Trust into an ETF. In past few weeks, we have seen the filing of spot ETF applications by renowned asset managers like Blackrock, WisdomTree and Invesco. August saw benchmark U.S. Treasury yields hit a high of 4.34%. However, it subsequently receded to 4.30% as of Sep 6. These fluctuations are closely tied to the Federal Reserve's series of interest rate hikes, which have contributed to a sharp decline in inflation over the past year. Nevertheless, inflation remains considerably higher than the Fed's target of 2%, prompting speculation about further rate hikes and putting pressure on bond yields. Recent economic data releases have indicated a cooling labor market, raising hopes that the Federal Reserve may decide to maintain interest rates at their current levels during its September meeting. The CME FedWatch Tool reflects this sentiment, with approximately 93% of market participants (up from 85% one-month ago) confident that the Fed will pause its interest rate hikes in September. The prospect of the Fed maintaining interest rates at their current levels bodes well for high-risk assets, including cryptocurrencies. Additionally, the growing interest in cryptocurrencies among financial giants is expected to exert upward pressure on the prices of Bitcoin and other digital currencies in the near future. This burgeoning interest underscores the potential for cryptocurrencies to play a more significant role in the global financial landscape. Against this backdrop, following are the regular ETFs on this concept that may win in the near term. VanEck Digital Transformation ETF DAPP – Up 130.0% YTD Bitwise Crypto Industry Innovators ETF BITQ – Up 115.3% YTD Global X Blockchain ETF BKCH – Up 105.7% YTD iShares Blockchain and Tech ETF IBLC – Up 85% YTD Global X Blockchain & Bitcoin Strategy ETF BITS – Up 78.8% Fidelity Crypto Industry and Digital Payments ETF FDIG – Up 72.7% YTD (Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report Global X Blockchain ETF (BKCH): ETF Research Reports VanEck Digital Transformation ETF (DAPP): ETF Research Reports Bitwise Crypto Industry Innovators ETF (BITQ): ETF Research Reports Global X Blockchain & Bitcoin Strategy ETF (BITS): ETF Research Reports Fidelity Crypto Industry and Digital Payments ETF (FDIG): ETF Research Reports iShares Blockchain and Tech ETF (IBLC): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The widely tracked crypto market indicator " GBTC discount " narrowed to its lowest in 22 months on Friday, signaling increased optimism that Grayscale will be able to convert its close-ended bitcoin trust into an open-ended spot-based exchange-traded fund (ETF). On Friday, shares in Grayscale Bitcoin Trust (GBTC) traded at a discount of 15.87% to the trust\'s net asset value, reaching the level last seen in December 2021, according to YCharts. The discount has been steadily narrowing since reaching a record low of nearly 50% during the height of the bear market in December last year. The latest improvement came as the U.S. Securities and Exchange Commission (SEC) decided not to appeal against the D.C. Circuit Court of Appeals\' August verdict to set aside the regulator\'s decision to reject Grayscale\'s attempts to convert its trust into an ETF. The SEC had until Friday midnight to challenge the decision. Grasycale and CoinDesk are part of the Digital Currency Group. The SEC could now come up with new reasons to reject Grayscale\'s bid to cover its trust into an ETF or request an en banc appeal. That said, the probability appears low, considering the regulator has been actively engaging with other spot-ETF applications. "As far as I know, the SEC did not appeal, which means it now has to reconsider its ruling. It could deny again for different reasons - but the agency is reportedly engaging with other potential issuers, which is unusual. It is starting to feel like it is getting ready to let them list," Noelle Acheson, author of the popular Crypto Is Macro Now newsletter, said in the weekend edition. Nate Geraci, president of the ETF Store, voiced a similar opinion on X last week, saying the lack of appeal would mean a potential spot ETF launch in January 2024, with Grayscale probably taking the lead over other issuers. On June 15, the world\x92s largest fund manager and traditional finance heavyweight, BlackRock filed for a spot bitcoin ETF with the SEC, with Fidelity, Invesco, Valkyrie Investments, WisdomTree, and VanEck following BlackRock\'s lead in the subsequent days. A potential approval of a spot-based ETF is widely expected to unlock floodgates to billions of dollars in mainstream money, although Coinbase Institutional expects the flows to materialize over time.', 'The widely tracked crypto market indicator "GBTC discount" narrowed to its lowest in 22 months on Friday, signaling increased optimism that Grayscale will be able to convert its close-ended bitcoin trust into an open-ended spot-based exchange-traded fund (ETF).\nOn Friday, shares in Grayscale Bitcoin Trust (GBTC) traded at a discount of 15.87% to the trust\'s net asset value, reaching the level last seen in December 2021,according toYCharts. The discount has beensteadily narrowingsince reaching a record low of nearly 50% during the height of the bear market in December last year.\nThe latest improvement came as the U.S. Securities and Exchange Commission (SEC) decided not to appeal against the D.C. Circuit Court of Appeals\' August verdict to set aside the regulator\'s decision to reject Grayscale\'s attempts to convert its trust into an ETF. The SEC had until Friday midnight to challenge the decision.\nGrasycale and CoinDesk are part of the Digital Currency Group.\nTheSEC couldnow come up with new reasons to reject Grayscale\'s bid to cover its trust into an ETF or request an en banc appeal. That said, the probability appears low, considering the regulator has been actively engaging with other spot-ETF applications.\n"As far as I know, the SEC did not appeal, which means it now has to reconsider its ruling. It could deny again for different reasons - but the agency isreportedly engagingwith other potential issuers, which is unusual. It is starting to feel like it is getting ready to let them list," Noelle Acheson, author of the popular Crypto Is Macro Now newsletter, said in the weekend edition.\nNate Geraci, president of the ETF Store,voiceda similar opinion on X last week, saying the lack of appeal would mean a potential spot ETF launch in January 2024, withGrayscale probablytaking the lead over other issuers.\nOn June 15, the world’s largest fund manager and traditional finance heavyweight,BlackRockfiled for a spot bitcoinETFwith the SEC, with Fidelity, Invesco, Valkyrie Investments, WisdomTree, and VanEck following BlackRock\'s lead in the subsequent days.\nA potential approval of a spot-based ETF is widely expected to unlock floodgates to billions of dollars in mainstream money, although Coinbase Institutionalexpectsthe flows to materialize over time.', 'Australia plans to release a draft bill that covers the licensing and custody rules of cryptocurrency service providers by 2024, according to a consultation paper published by the Australian Treasury on Monday. See related article: Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict Fast Facts The new regime will require crypto exchanges to obtain an Australian financial services license if any one client has held at least AU$1,500 (US$946) at any time, or if the platform’s total assets ever exceeded AU$5 million (US$3.15 million). “[This] approach creates ample opportunities for the regulation to ignore the nuances of the technology (for example, unique services like NFTs),” said Jonathon Miller, managing director of Kraken Australia . “I’m hopeful that we can work collaboratively with the Government to make sure we don’t snuff out the benefits of future innovations in crypto that might fall outside the conventional ‘financial services’ box.” The treasury seeks to receive feedback on the draft bill by December 1, 2023. Crypto exchanges will have 12 months to earn licenses and become compliant with the new regime after enactment. See related article: Digital frontiers: Alex Tapscott on Web3, AI, and banking’s new dance View comments', 'Australia plans to release a draft bill that covers the licensing and custody rules of cryptocurrency service providers by 2024, according to a consultation paper published by the Australian Treasury on Monday.\nSee related article:Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict\n• The new regime will require crypto exchanges to obtain an Australian financial services license if any one client has held at least AU$1,500 (US$946) at any time, or if the platform’s total assets ever exceeded AU$5 million (US$3.15 million).\n• “[This] approach creates ample opportunities for the regulation to ignore the nuances of the technology (for example, unique services like NFTs),” said Jonathon Miller, managing director of Kraken Australia.“I’m hopeful that we can work collaboratively with the Government to make sure we don’t snuff out the benefits of future innovations in crypto that might fall outside the conventional ‘financial services’ box.”\n• The treasury seeks to receive feedback on the draft bill by December 1, 2023.\n• Crypto exchanges will have 12 months to earn licenses and become compliant with the new regime after enactment.\nSee related article:Digital frontiers: Alex Tapscott on Web3, AI, and banking’s new dance', 'South Korea-based Upbit cryptocurrency exchange’s Singapore unit said on Monday that it received an in-principal approval for the Monetary Authority of Singapore’s (MAS) major payment institution license. See related article: Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict Fast Facts The in-principal approval allows Upbit to legally offer digital asset services in the country until the central bank gives its final approval. Upbit is South Korea’s largest cryptocurrency exchange and is operated by one of the nation’s most valued startups, Dunamu. Upbit Singapore’s in-principal license further expands Dunamu’s Asia Pacific presence. The exchange claims to have legal branches in Indonesia and Thailand. Singapore’s major payment institution license permits institutions to offer payment services without adherence to the standard transaction volume. Typically, providers are constrained by a SG$3 million (US$2.2 million) limit for monthly transactions per service, and SG$6 million for multiple services, with a daily outstanding e-money cap of SG$5 million, according to the MAS . Coinbase , the largest U.S. exchange, received a major payment institution license from Singapore’s central bank at the beginning of October, a year after it was awarded an in-principal approval. There are currently 15 fully licensed digital payment token service providers in Singapore, according to the central bank’s website . See related article: Digital frontiers: Alex Tapscott on Web3, AI, and banking’s new dance', 'South Korea-based Upbit cryptocurrency exchange’s Singapore unit said on Monday that it received an in-principal approval for the Monetary Authority of Singapore’s (MAS) major payment institution license.\nSee related article:Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict\n• The in-principal approval allows Upbit to legally offer digital asset services in the country until the central bank gives its final approval.\n• Upbit is South Korea’s largest cryptocurrency exchange and is operated by one of the nation’s most valued startups, Dunamu.\n• Upbit Singapore’s in-principal license further expands Dunamu’s Asia Pacific presence. The exchange claims to have legal branches in Indonesia and Thailand.\n• Singapore’s major payment institution license permits institutions to offer payment services without adherence to the standard transaction volume. Typically, providers are constrained by a SG$3 million (US$2.2 million) limit for monthly transactions per service, and SG$6 million for multiple services, with a daily outstanding e-money cap of SG$5 million, according to theMAS.\n• Coinbase, the largest U.S. exchange, received a major payment institution license from Singapore’s central bank at the beginning of October, Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $529,811,547,231 - Hash Rate: 416156889.9191482 - Transaction Count: 299782.0 - Unique Addresses: 652765.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories As bitcoin ( BTC ) moves higher, the recently shorted alternative cryptocurrencies like Solana's SOL may see leverage liquidations and exaggerated price rallies . Since Monday's brief move below crucial support at $25,000, bitcoin has risen over 6% to trade near $26,600, CoinDesk data show. Upbeat China August retail sales and factory output data released early Friday revived risk sentiment in financial markets, clearing the way for continued price gains in the leading cryptocurrencies. Bitcoin cash (BCH) led advancers, adding 8% over the past 24 hours. Maker DAO’s MKR followed with a rise of 5%. XRP, Ether (ETH), SOL, Tron's TRX and dogecoin (DOGE) are all tracking bitcoin higher, as usual. The altcoin bounce comes days after traders sold these tokens, pricing in the possibility of defunct exchange FTX securing approval from the bankruptcy court to sell assets from its multibillion dollar cryptocurrency holdings. The recovery puts altcoin bears, who took leveraged bets on SOL and other tokens declining because of potential sales by FTX creditors, at risk of liquidation. Binance.US has been accused of not cooperating in a probe by the Securities and Exchange Commission, which has said the company’s staking, clearing and brokerage services violate federal securities law, court filings unsealed Thursday show. Federal U.S. regulators worry the crypto exchange’s use of Ceffu, a custody service offered by Binance’s international arm, violates a deal intended to stop assets being squirreled overseas. Binance.US ’ holding company, known as BAM, has provided “only approximately 220 documents ... many that consist of unintelligible screenshots and documents without dates or signatures,” the SEC said, of the evidence-gathering process known as discovery. The company also lost two more high-level executives not long after the departure of CEO Brian Shroder. Head of Legal Krishna Juvvadi and Chief Risk Officer Sidney Majalya are leaving the company, the Wall Street Journal reported, citing people familiar with the departures. Juvvadi was hired in May last year, and Majalya was appointed in December 2021. Deutsche Bank is working with Taurus, a Swiss startup specializing in cryptocurrency safekeeping, to establish digital asset custody and tokenization services, the companies said on Thursday. Germany’s biggest lender, Deutsche Bank, said in June it had applied for a crypto custody license from the country’s financial watchdog, BaFin. The bank’s publicly known crypto custody ambitions stretch back to early 2021, when details about a digital asset custody prototype appeared in a report by the World Economic Forum. Germany’s roll-out of rules for firms to custody crypto assets and, more broadly, Europe’s proposed regime for Markets in Crypto-Assets regulation (MiCA) are providing traditional finance firms with the clarity needed to explore the digital assets industry. Story continues Chart of the Day The chart shows net liquidity injections by the People's Bank of China (PBOC) since 2015. While the central bank has turned accommodative this year, it has not yet resorted to the flood-like stimulus seen in 2015-16. The battered crypto market has been looking to PBOC to compensate for the monetary tightening in the West. Source: Longview Economics, Macrobond Trending Posts Celsius, Core Scientific Resolve Acrimonious Mining Dispute With $45M Deal Binance.US Head of Legal and Chief Risk Officer Leaving the Crypto Exchange: WSJ Genesis Has Ceased All Crypto Trading Services: Spokesperson View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Selena Li\nHONG KONG, Oct 17 (Reuters) - Asian stocks rose in cautious trade on Tuesday, with investors choosing to focus on corporate earnings prospects and the resilience of the U.S. economy ahead of tensions in the Middle East.\nMSCI\'s broadest index of Asia-Pacific shares outside Japan advanced 0.4%. Tokyo\'s Nikkei rose 1%.\nOvernight the S&P 500 had climbed 1%, while oil prices and the U.S. dollar had fallen.\nA host of "favorable" signs from the strength of the U.S. consumer, economic growth, and interest rates supporting bank profits, gave reasons for hope, said Kerry Craig, a global market strategist at J.P. Morgan Asset Management.\nQuarterly results from Goldman Sachs and Bank of America are due on Tuesday, with Morgan Stanley, pharmaceutical giant Johnson & Johnson, Tesla and Netflix due later in the week.\nA recent shift in tone from Federal Reserve officials - hinting that interest rate hikes might be over - has also cheered investors and bond markets lately.\nBenchmark 10-year Treasury yields are about 15 basis points off 16-year highs, though they crept higher in Asia trade Tuesday to 4.7331%.\nInvestors are also trying to assess risks that a wider conflict breaks out in the Middle East which remains a "very fluid situation", Craig said.\nU.S. President Joe Biden will visit Israel on Wednesday as the country prepares to escalate an offensive against Hamas militants that has set off a humanitarian crisis in Gaza and raised fears of a broader conflict with Iran.\nIran\'s Foreign Minister said Israel would not be allowed to act in Gaza without consequences, warning of "preemptive action" by the "resistance front" in the coming hours.\nIsrael\'s shekel weakened beyond 4-to-the-dollar for the first time since 2015 on Monday, as it bears some of the brunt of worry and uncertainty about the Gaza situation.\nIn currency markets the Australian dollar ticked up a little to $0.6354 as minutes from the most recent central bank meeting struck a surprisingly hawkish tone, while the U.S. dollar steadied elsewhere.\nA slowdown in New Zealand inflation to a two-year low dented bets on any further interest rate hikes and the kiwi, which slipped 0.4% to $0.5906.\nThe euro traded at $1.0549 and the yen hovered just short of the 150-per-dollar mark at 149.53.\nChina\'s property sector, meanwhile, edged toward deeper trouble with Tuesday marking the end of a 30-day grace period on a late payment from developer Country Garden. If investors don\'t receive the coupon payment, all of Country Garden\'s offshore debts will be deemed in default.\nThe property sector was flat while the Hang Seng rose 0.8% on Tuesday. A mainland real estate index fell 0.6%.\nGold edged away from Friday\'s three-week high and was last at $1,915 an ounce. Brent crude futures had dropped more than $1 a barrel on Monday on hopes for an agreement that the U.S. will ease sanctions on Venezuelan oil.\nBrent futures were last down 23 cents or 0.25% to $89.43 a barrel. Bitcoin had leapt on Monday before giving up gains after BlackRock denied a report that it had won approval for a bitcoin exchange traded fund.\nIt was last at $28,353 after trading as high as $29.900 on Monday.\n(Reporting by Selena Li Editing by Shri Navaratnam)', 'By Selena Li HONG KONG, Oct 17 (Reuters) - Asian stocks rose in cautious trade on Tuesday, with investors choosing to focus on corporate earnings prospects and the resilience of the U.S. economy ahead of tensions in the Middle East. MSCI\'s broadest index of Asia-Pacific shares outside Japan advanced 0.4%. Tokyo\'s Nikkei rose 1%. Overnight the S&P 500 had climbed 1%, while oil prices and the U.S. dollar had fallen. A host of "favorable" signs from the strength of the U.S. consumer, economic growth, and interest rates supporting bank profits, gave reasons for hope, said Kerry Craig, a global market strategist at J.P. Morgan Asset Management. Quarterly results from Goldman Sachs and Bank of America are due on Tuesday, with Morgan Stanley, pharmaceutical giant Johnson & Johnson, Tesla and Netflix due later in the week. A recent shift in tone from Federal Reserve officials - hinting that interest rate hikes might be over - has also cheered investors and bond markets lately. Benchmark 10-year Treasury yields are about 15 basis points off 16-year highs, though they crept higher in Asia trade Tuesday to 4.7331%. Investors are also trying to assess risks that a wider conflict breaks out in the Middle East which remains a "very fluid situation", Craig said. U.S. President Joe Biden will visit Israel on Wednesday as the country prepares to escalate an offensive against Hamas militants that has set off a humanitarian crisis in Gaza and raised fears of a broader conflict with Iran. Iran\'s Foreign Minister said Israel would not be allowed to act in Gaza without consequences, warning of "preemptive action" by the "resistance front" in the coming hours. Israel\'s shekel weakened beyond 4-to-the-dollar for the first time since 2015 on Monday, as it bears some of the brunt of worry and uncertainty about the Gaza situation. In currency markets the Australian dollar ticked up a little to $0.6354 as minutes from the most recent central bank meeting struck a surprisingly hawkish tone, while the U.S. dollar steadied elsewhere. Story continues A slowdown in New Zealand inflation to a two-year low dented bets on any further interest rate hikes and the kiwi, which slipped 0.4% to $0.5906. The euro traded at $1.0549 and the yen hovered just short of the 150-per-dollar mark at 149.53. China\'s property sector, meanwhile, edged toward deeper trouble with Tuesday marking the end of a 30-day grace period on a late payment from developer Country Garden. If investors don\'t receive the coupon payment, all of Country Garden\'s offshore debts will be deemed in default. The property sector was flat while the Hang Seng rose 0.8% on Tuesday. A mainland real estate index fell 0.6%. Gold edged away from Friday\'s three-week high and was last at $1,915 an ounce. Brent crude futures had dropped more than $1 a barrel on Monday on hopes for an agreement that the U.S. will ease sanctions on Venezuelan oil. Brent futures were last down 23 cents or 0.25% to $89.43 a barrel. Bitcoin had leapt on Monday before giving up gains after BlackRock denied a report that it had won approval for a bitcoin exchange traded fund. It was last at $28,353 after trading as high as $29.900 on Monday. (Reporting by Selena Li Editing by Shri Navaratnam)', '(Our regular analysis of the wild world of cryptocurrencies. Repeats for additional subscribers) By Lisa Pauline Mattackal Oct 17 (Reuters) - The weak crypto market is wobbling through autumn. And winter\'s on its way. The long-anticipated U.S. launch of a group of exchange-traded funds tracking ether offered fresh evidence of the malaise at a time when investors are running from risk amid economic gloom and war in Ukraine and the Middle East. The six ETFs launched on Oct. 2 offering exposure to ether futures contracts pulled in just under $10 million in their first week of trading, according to CoinShares data. Ethereum products overall saw outflows of $7.5 million in the week to Oct. 13, the data shows. "The timing of the futures ETFs could hardly be worse," said Vetle Lunde, senior analyst at K33 Research. The week of Oct. 2 saw Treasury yields soar to their highest level in decades, while investors pulled money from riskier assets in the face of "higher-for-longer" interest rates. Ether prices have dropped over 5% so far this month and the size of the cryptocurrency market has dipped from $1.15 trillion to $1.12 trillion, according to CoinGecko. Trading volumes for the ether futures ETFs remained below $2 million on their first day, according to K33 Research. By contrast, the ProShares Bitcoin Strategy ETF, the first fund tracking bitcoin futures, saw around $570 million of inflows in its first day of trading in October 2021. The contrast with ETF launches during the height of the crypto craze in 2021 show how the institutional investors who drove much of the demand back then have retreated from digital assets as the macro picture has grown murkier and murkier. Crypto ETFs have experienced a slowdown in activity for months, with Lunde noting bitcoin ones globally had seen net outflows of 11,157 bitcoin between Aug. 1 and Oct. 3. Such funds are favored by many traditional investors as they offer easier access via regular stock exchanges without needing to directly hold crypto. Story continues Ben McMillan, chief investment officer at IDX Digital Assets, said his firm was positioning investments more defensively until there was more clarity around Federal Reserve policy and the likelihood of a recession. "Investors are battening down the hatches and looking at how to make their portfolios more defensive," McMillan added. "Speculative assets - even with a compelling growth thesis - are just a much lower priority now." BACK TO BITCOIN? Bitcoin\'s status as the original "digital gold" has supported it somewhat, outperforming ether with declines of about 2% this month. Bitcoin-focused ETFs saw inflows of $43 million in the week of Oct. 2, while bitcoin\'s share of the cryptocurrency market cap has crept up to 48% from 47%. Ether prices have risen 32% this year, lagging bitcoin which is up over 70%. The newly launched ETFs tracking solely ether futures on the Chicago Mercantile Exchange, from ProShares, VanEck and Bitwise, have all dipped over 6% since launch. ProShares and Bitwise also launched funds tracking a mixture of bitcoin and ether futures, while Valkyrie Funds converted its pure-play bitcoin ETF into one with exposure to both bitcoin and ether. These dual-exposure funds have performed better, with Bitwise\'s and ProShares\' down about 3% and Valkyrie\'s edging up 0.3%. McMillan at IDX noted that while the response to the ether futures ETFs has been underwhelming, factors such as the use of the Ethereum blockchain by large Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $555,205,392,000 - Hash Rate: 491483968.444345 - Transaction Count: 294257.0 - Unique Addresses: 645537.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: US Markets • RPM International, Acuity Brands And 3 Stocks To Watch Heading Into Wednesday • PIMCO Co-Founder Bill Gross Says 10-Year Treasury Yield Could Spike To 5% Soon • Fear & Greed Index Moves To 'Extreme Fear' Zone Amid Surge In Treasury Yields • Here's Why Real Estate Stocks Got Crushed Tuesday • Trump's SPAC Partner Digital World, Novavax, Palantir, And Tesla: Why These Stocks Are Trending Today? Crypto • 'Satoshi Nakamoto' Handle Tweets 2024 Halving Will Pave The Way For Transaction Fee Supremacy: 'They Want To Silence You' • Why Ripple's XRP Token Is Surging Over 5% Today? • Bitcoin, Ethereum, Dogecoin Tumble Amid Recession Worries: Analyst Says 'Uptober Has Been Temporarily Postponed' US Politics • Who's The Next House Speaker? A Look Into The Uncertainty Following Kevin McCarthy's Removal • Pro-Trump Historian Nitpicks Timing Of Ex-Presidential Aides' 'Mysterious' Outrage Amid 'Real And Planned' Damage To Institutions • From Allies To Critics: 24 Former Trump Aides Who Switched Sides • Kevin McCarthy Would Lose More Than Just The House Speaker's Position: Here's All At Stake • Kevin McCarthy Claps Back At Republicans Who Ousted Him: 'They Don't Get To Say They're Conservative' • Former White House Aide Accuses Trump Of Reserving 'Worst' Insults For Women Of Color • Crypto-Friendly Congressman Patrick McHenry Temporarily Assumes Role As US House Speaker • Trump's Niece Roasts Kevin McCarthy's Brief House Stint As Speaker For 'Approximately 27 Scaramuccis' • Marjorie Taylor Greene Sounds Alarm Amid Turbulent Times For GOP After Kevin McCarthy Ousted: 'There's Not A Plan' • Donald Trump Drops Off Forbes 400 Rich List Amid Civil Fraud Trial And Net Worth Scrutiny • Trump Hit With Gag Order In Civil Fraud Trial — Judge Says Ex-President's Remarks About His Staff, 'Unacceptable, Inappropriate And Will Not Be Tolerated' • Acting Speaker McHenry Orders Nancy Pelosi To Vacate Capitol Office: 'Please Vacate The Space Tomorrow' World Politics • Will Biden-Xi Jinping Clash Intensify? Billionaire Investor Ray Dalio Says 'Neither Country Wants To Go To War' • Hillary Clinton Slams US Supporters Of Russia's President: 'I Don't Understand Any American Siding With Putin' • Biden Administration Sting: Surprise Indictments Against Chinese Fentanyl Supply Chain Producers Electric Vehicles • Volkswagen Calls On Tesla, Rivian Veteran To Tackle EV Software Challenges • Nio Vs. Li Auto: Which Chinese EV Startup Is Winning The Stock Race? • Tesla Takes Cybertruck Testing To Mexico, Introduces New Accessories • Elon Musk Unveils Tesla's Auto Hazard Safety Upgrade: 'Your Car Just Got Better While You Slept' • Tesla Bull Shrugs Off Current Phase As 'Pause Into Next Phase Of Growth Story,' Calls UAW Strike A 'Win-Win' For EV Maker • Cybertruck Tows Raptor Vac At SpaceX Starbase — Is Elon Musk Teasing the Future of Mobility? Tech • Apple's Growth Engine Sputtering? Bullish Analyst Lists 4 Factors Behind Stock Downgrade • Is Cupertino's Next Trick A USB-C-Powered Apple Pencil 3? iOS 17.1 Beta 2 Drops Clues • Mark Zuckerberg's Meta Reportedly Set To Lay Off Employees In Metaverse Silicon Unit on Wednesday Communication • Is MrBeast Really Giving Away 10,000 iPhone 15 Pros On TikTok? Here's What You Need To Know • Spotify Takes On Amazon's Audible, To Let Premium Users Listen To 15 Hours Of Audio Books Space • Elon Musk Says SpaceX Deliveries To Orbit Set To Eclipse Rest Of The World — Here's How Many Tons Don't miss real-time alerts on your stocks - joinBenzinga Profor free!Try the tool that will help you invest smarter, faster, and better. This articleBitcoin, Ethereum, Dogecoin Tumble Amid Recession Worries, Who's The Next House Speaker? - Top Headlines Today While US Was Sleepingoriginally appeared onBenzinga.com . © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/AyLou21', 'Bitcoin', 11, '2023-10-17 03:18', 'https://www.reddit.com/r/ledgerwallet/comments/179me66/bitcoin/', 'I’m trying to get a better understanding of all the different ways my ledger can be compromised.\n\nSeed phrase - say I NEVER make digital or physical copies and my phrase is memory only.\n\nPasscode: same as above - no physical or digital copies. \n\nSmart contract - my understanding is there’s no way to authorize a transaction for BTC from my ledger via smart contract.\n\nWith all this said, is the only way I’ll ever get screwed is if I forget my seed phrase and/or passcode?', 'https://www.reddit.com/r/ledgerwallet/comments/179me66/bitcoin/', '179me66', [['u/RandomTask100', 10, '2023-10-17 08:02', 'https://www.reddit.com/r/ledgerwallet/comments/179me66/bitcoin/k583dcz/', 'I’ve been in this sub for 3 years. Not ONE of these worry-warts have gotten hacked. Every single victim was tricked into typing their seed phrase into a fake LL or they exposed the seedphrase online somehow. Don’t take photos of your seedphrase. Don’t save it in a word doc.', '179me66']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['When it comes to big ideas, investing guru Cathie Wood has more than a few. As the manager of theArk Investfamily of exchange traded funds (ETFs), Wood boldly predictsBitcoin(BTC-USD)will be worth $1.5 millionby 2030 andTesla(NASDAQ:TSLA) stock will have a $2,000 per share price tag by 2027.So, Wood is not shy aboutlooking to the futureand guessing where the world will be. Her ETFs are representative of some of the most disruptive technologies available. From artificial intelligence (AI), robotics, and autonomous robotaxis to digital payments, electric vehicles, and blockchain technology, they are all part of what Wood says are “technological breakthroughs evolving today and creating the potential for super-exponential growth tomorrow.” So, when she took notice of several digital leisure stocks, so did we.\nEarlier this year she released herBig Ideas 2023report that’s full of dramatic predictions of life-altering changes to come. One of the boldest forecasts concerns the growth of the digital consumer. That includes spending on online goods and services, non-fungible tokens (NFTs), online sports betting, video game software and services, and streaming video and audio. Expenditures in these fields will grow from not-so-humble beginnings of $6.6 trillion in 2022 to a massive $22.5 trillion opportunity by 2030.\nBecause the investment possibilities span numerous industries, here are seven of the best digital leisure stocks to buy to capitalize on this immense growth trajectory.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Michael Vi / Shutterstock.com\nConnected TV (CTV) is seen as one of the defining growth markets for the digital consumer. Some 85% of all U.S. households have access to at least one CTV, but their ad market is just 23% of total TV ad spending. The Big Ideas report says “CTV is at an inflection point and will take share from both linear TV and other digital ad budgets.”\nRoku(NASDAQ:ROKU) seems uniquely positioned to benefit from the shift. Thenumber of active Roku accountsgrew 16% in the second quarter from last year to 73.5 million on the strength of its Roku TV licensing program. Roku;s operating system continues to be the top-selling TV OS in the U.S., and Roku’s market share is larger than the next three largest TV OSs combined.\nWood also puts hermoney where her mouthis. Roku is the third largest holding in herArk Innovation ETF(NYSE:ARKK) behind Tesla andCoinbase Global(NASDAQ:COIN) with a current market value of over $535 million.\nWood has a $605 per share price target on Roku stock. That’s a near ten-fold increase needed by 2026 from its current levels. That doesn’t seem possible now, but longer term could be achievable. This stock easily earned its spot on our list of the best digital leisure stocks.\nSource: The Art of Pics / Shutterstock.com\nWood says “the convergence of video games and social media should sustain gaming revenue growth.”Microsoft(NASDAQ:MSFT) is arguably best poised to capture the lion’s share of the money spent here with its acquisition ofActivision Blizzard(NASDAQ:ATVI).\nThe tech giant is about to close its $69 billion takeover of the video game publisher after British regulators signed off on the transaction. That gives Microsoft access to some of the most important gaming titles on the market. Activision’sWorld of Warcraftremains the biggest massively multiplayer online (MMO) game with almost 121 million total players. In comparison, runner upFinal Fantasy XIV Onlinehas nearly 40 million.Call of Dutyalso continues to be a top game franchise with a fresh reboot ofModern Warfare II.\nBecause Microsoft agreed to sell theonline streaming rightsto Activision’s IP portfolio to the U.K.’sUbisoft Entertainment(OTCMKTS:UBSFY), the path to approval was sealed.\nWarren Buffett, however,dumped his Activision stakewhen it seemed like the deal wouldn’t be approved. While he bought shares mostly as an arbitrage play on the transaction, investors in Microsoft can still see the video game publisher take the stock to the next level. If you are looking for digital leisure stocks to buy, this is a great place to start.\nSource: sylv1rob1 / Shutterstock.com\nYou might be surprised to think ofApple(NASDAQ:AAPL) as another top gaming platform, but the tech leader happens to be the third largest player in the space by revenue. How can that be since it doesn’t produce any video games or software on its own? Because it takes a 30% cut of every single transaction made through the App Store, whether an app purchase or an in-game transaction. The commission drops to 15% after a year or if the developer earns less than $1 million in annual App Store sales.\nStill, the $15 billion or so in annual revenue it rakes in makes it amongst the highest sales generators in gaming. Apple announced back in May the App Store had generatedmore than $1.1 trillion in 2022, with two-thirds of that coming from mobile games. Services like App Store are where Apple’sfuture growth will comefrom.\nThe tech stock is also developing its own alternate reality headset, calledApple Vision Pro, or “spatial computing,” as Apple refers to it. It will allow users to feel the physicality of digital objects.\nConsider Apple stock as a backdoor way to get into gaming with a big tech boost to juice returns.\nSource: Tada Images / Shutterstock.com\nAnother play on the CTV market isThe Trade Desk(NYSE:TTD). It is the premier software provider for advertisers targeting specific online audiences. It remains one of the best stocks in the business and is the largest independent demand-side platform. While this may not be the first on you think about when it comes to digital leisure stocks, hear us out on it.\nThe Trade Desk charges its customers a 20% commission for the privilege of buying advertising on its platform. It might appear audacious on its face, but it indicates just how good the company is at what it does.Clients obviously like the results they get because they continue to spend more money on the platform than they did previously. Second quarter revenue jumped 23% year over year with adjusted EBITDA margin increasing 200 basis points to 39%.\nAd buyers also returned in droves, allowing The Trade Desk to achieve a95% customer retention rate. It’s a record it has maintained for over nine consecutive years.\nThe total addressable market for the advertising industry is moving rapidly toward $1 trillion. Notably, the privacy features Apple recently launched for iOS users that created a huge tumult in the online ad industry imposelittle to no impacton The Trade Desk’s business.\nAs Wood notes, digital advertising has a long runway of growth pushed higher by the CTV tailwind. Look for The Trade Desk to ride that wave for years to come.\nSource: Ascannio / Shutterstock.com\nWith four of the biggest social media apps to its name,Meta Platforms(NASDAQ:META) will also win the digital ad game. Wood points out that because 40% of Gen Z consumers use the likes of TikTok and Instagram to search the way their parents use Google, “social platforms with the best recommendation engines should command the majority of ad budgets.”\nMeta, of course, owns Instagram, along with Facebook, WhatsApp, and Messenger. Its Threads “Twitter killer app” remains a work in progress. Its primary social media apps have a combined 3.9 billion monthly active users. Because there are an estimated4.9 billion social media users worldwide, or 60% of the global population, Meta has an outsized influence on what people see and hear.\nTikTok is a threat to be sure. As of 2022, it accounted for just $10 billion in search, video, and social media advertising, or about 2% of the $470 billion total. Yet it is rapidly nearing exceeding that taken in by Facebook, Instagram, Snapchat, and Twitter.\nStill, Meta’s willingness to “borrow” the best ideas from its competitors means it should do well for the foreseeable future. Its TikTok knockoff Reelsenjoys over 200 billion daily plays. New ad features could result in the apps becoming substantial revenue contributors on their own.\nSource: Lori Butcher / Shutterstock.com\nOne of the remaining big avenues for digital leisure spending is online sports betting. After the Supreme Court struck down a ban on sports betting as unconstitutional in 2018, it spread to 36 states.DraftKings(NASDAQ:DKNG) is the second largest sportsbook behindFlutter Entertainment‘s (OTCMKTS:PDYPF) FanDuel and operates in 21 states.\nDraftKings has2.1 million active monthly users, or abouthalf of FanDuel’s total. Yet FanDuel’s market share slipped to 47% from 50% while DraftKing’s share grew to 35%. That’s DraftKing’s highest share in three years.\nWood’s Big Ideas report forecasts online sports betting will expand at a 27% compounded annual growth rate through 2027. The industry will hit $330 billion in volume by then. That’s far faster than the 11% growth rate estimated for in-person betting, which will total just $27 billion.\nThere may be more states coming online too. Kentucky, North Carolina, Vermont, and Puerto Rico all passed legislation that will allow for mobile sports betting. An additional 12 states are considering allowing it as well.\nOnline gambling could provide additional growth in the future. After its acquisition of Golden Nugget Online Gaming in 2022, DraftKings is now the market share leader in a number of states. Most of the share loss has come from rivalMGM Resorts(NYSE:MGM).\nWood recentlysold off some of her stakein DraftKings. She was taking profits after the sportsbook’s meteoric rise this year. Shares are up 150% so far. The investing guru owns about 13.3 million shares, down from her peak holdings of 24 million shares a year ago. Still, it’s a serious commitment to the sportsbook. DraftKings is rapidly changing the game for all digital leisure stocks.\nSource: Fabio Principe / Shutterstock.com\nFilling out the card in the seventh spot is music streaming platformSpotfiy(NYSE:SPOT). It is theworl Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $552,690,016,462 - Hash Rate: 439908490.27425945 - Transaction Count: 271345.0 - Unique Addresses: 613906.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Hannah Lang WASHINGTON (Reuters) -The U.S. securities regulator was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund, a federal appeals court ruled on Tuesday, in a landmark victory that could pave the way for the first product of its kind. A three-judge panel of the District of Columbia Court of Appeals in Washington said the Securities and Exchange Commission (SEC) failed to fully explain its reasoning when denying Grayscale's product and should review its decision. The price of bitcoin, the world's largest cryptocurrency, was last up more than 6% at $27,858 following the news. A spot bitcoin ETF would track its underlying market price, giving investors exposure to the digital asset without having to buy the currency. The SEC has denied all proposed bitcoin ETFs, including Grayscale's, saying they do not meet its bar for preventing market manipulation. While the ruling does not mean Grayscale's ETF is automatically approved, it is a big boost for the decade-long industry effort to advance a bitcoin ETF product. The court decision is a "historic milestone for American investors," Grayscale CEO Michael Sonnenshein said in a statement. A Grayscale spokeswoman added that the company was reviewing the details and would pursue "next steps with the SEC." The SEC has 45 days to appeal the ruling. An agency spokesperson said it was reviewing the court's decision in order to determine next steps. The cryptocurrency industry was quick to hail the ruling. Several other asset managers, including BlackRock, Fidelity and Invesco, have similar filings pending with the SEC for a spot bitcoin ETF. "This ruling is not just about Grayscale or Bitcoin, it sets a precedent for the broader crypto industry," said Ji Kim, general counsel and head of global policy at the Crypto Council for Innovation. CRYPTO WIN The SEC rejected Grayscale's application for a spot bitcoin ETF in June 2022, arguing the proposal did not meet anti-fraud and investor protection standards. It cited the same reason in its denial of dozens of other applications for similar products, including those from Fidelity and VanEck. Story continues Grayscale sued the SEC, arguing that because the agency previously approved certain surveillance agreements to prevent fraud in bitcoin futures-based ETFs, the same setup should also be satisfactory for Grayscale's spot fund, since both spot and futures funds rely on bitcoin's price. The court said in its ruling that the SEC failed to explain why it disagreed with Grayscale's assertion that the bitcoin spot and futures markets are 99.9% correlated. "The Commission’s unexplained discounting of the obvious financial and mathematical relationship between the spot and futures markets falls short of the standard for reasoned decisionmaking," the court said in its opinion, which was filed by Judge Neomi Rao of the D.C. Court of Appeals. The ruling is the second major legal victory for the crypto industry in recent weeks, after a judge ruled in July, in a case brought by the SEC, that Ripple Labs did not violate federal laws by selling its XRP token on public exchanges. The SEC has said it plans to appeal that finding. If the SEC appeals the Grayscale ruling, the case would go either to the U.S. Supreme Court or a review by the entire D.C. appeals court. If the SEC chooses not to appeal, the court would issue a mandate specifying how its decision should be executed. That could include instructing the SEC to approve the application, or to revisit Grayscale's application, in which case the SEC could still reject the proposal on other grounds. It remains to be seen how the ruling might affect proposals submitted in June by BlackRock, the world's largest asset manager, and several other firms to offer spot bitcoin ETFs. The SEC has yet to deliver a decision on those applications. (Reporting by Hannah Lang in Washington; Additional reporting by Chris Prentice in New York; Editing by Paul Simao, Matthew Lewis, Tomasz Janowski and Jonathan Oatis)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• Stocks fell Wednesday as escalating tensions in the Middle East pushed oil up.\n• Treasury yields also pressure equities, with the 10-year touching a fresh 16-year high.\n• Earning season continues, with Netflix and Tesla set to report after the closing bell.\nUS stocks tumbled Wednesday as oil prices jumped and Treasury yields swung up to highs not seen since 2007.\nThe Dow Jones Industrial Average fell more than 300 points, while the S&P 500 dropped about 1.3%. The tech-heavy Nasdaq tumbled 1.6%.\nTensions between Israel and Hamas were ratcheted up after a hospital in the Gaza Strip exploded, killing an estimated 500 Palestinians. With both parties throwing blame on the other, the event dims hopes that the conflict will soon de-escalate.\nIran called for an embargo on Israel oil, and crude prices climbed mid-day, before trimming gains. If the conflict grows to involve other Middle Eastern states, oil pricesare expected to rise, with one estimate forecasting Brent to go as high as $150 a barrel.\nMeanwhile, Treasurys resumed their sell-off, causing bond yields to hit fresh records. Most notably, the 30-year rate broke through the 5% barrier, with the 10-year note following closely behind, touching 4.9% for the first time since 2007.\n"Financial markets, keenly focused on the path of the 10-year Treasury yield, are increasingly concerned that the next move higher could be on the cusp of 5%, and whether the broader economy is equipped to assimilate the higher cost of capital," Quincy Krosby, Chief Global Strategist for LPL Financial, said.\nWednesday did see some demand return for Treasurys, withthe latest auction of 20-year bondsdrawing more interest than other recent sales of long-dated bonds. This follows after buyers pulled back from last year\'s auction, causing concern of a more widespread trend.\nMeanwhile, earnings reports continued through the day, with Tesla and Netflix set to report after the closing bell.\nNotable earnings earlier in the day included Morgan Stanley, whose profits came in below estimates, and United Airlines, which fell 8% on warnings of elevated fuel prices and risks from the Israel-Hamas conflict.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday:\n• S&P 500: 4,314.60, down 1.34%\n• Dow Jones Industrial Average: 33,665.35, down 0.98% (-332.30 points)\n• Nasdaq Composite: 13,314.30, down 1.62%\nHere\'s what else is going on:\n• Expect a spot Bitcoin ETF this year, Mike Novogratz says, as the SEC\'s opposition makes "intellectually zero sense."\n• China\'s Country Garden developer reportedly missed afinal bond payment deadline.\n• Economists now see chances of a recession below 50%. Here\'s howconsensus has shifted over time.\n• Stock market gains may be coming, as areliable buy signal just flashed through markets.\n• Jeffrey Gundlach says long-dated Treasurys are worth buying, withbond prices set to rise in a 2024 recession.\nIn commodities, bonds, and crypto:\n• West Texas Intermediateclimbed 1.87% higher to $88.28 a barrel.Brent crude, the international benchmark, rose 1.7% to $91.39 a barrel.\n• Goldrose 1.47% to $1,964.10 per ounce.\n• The10-year Treasury yieldincreased six basis points to 4.908%.\n• Bitcoinslipped 0.26% to $28,274.\nRead the original article onBusiness Insider', 'Rocket barrages launched towards Israel from Gaza. REUTERS Stocks fell Wednesday as escalating tensions in the Middle East pushed oil up. Treasury yields also pressure equities, with the 10-year touching a fresh 16-year high. Earning season continues, with Netflix and Tesla set to report after the closing bell. US stocks tumbled Wednesday as oil prices jumped and Treasury yields swung up to highs not seen since 2007. The Dow Jones Industrial Average fell more than 300 points, while the S&P 500 dropped about 1.3%. The tech-heavy Nasdaq tumbled 1.6%. Tensions between Israel and Hamas were ratcheted up after a hospital in the Gaza Strip exploded, killing an estimated 500 Palestinians. With both parties throwing blame on the other, the event dims hopes that the conflict will soon de-escalate. Iran called for an embargo on Israel oil, and crude prices climbed mid-day, before trimming gains. If the conflict grows to involve other Middle Eastern states, oil prices are expected to rise , with one estimate forecasting Brent to go as high as $150 a barrel. Meanwhile, Treasurys resumed their sell-off, causing bond yields to hit fresh records. Most notably, the 30-year rate broke through the 5% barrier, with the 10-year note following closely behind, touching 4.9% for the first time since 2007. "Financial markets, keenly focused on the path of the 10-year Treasury yield, are increasingly concerned that the next move higher could be on the cusp of 5%, and whether the broader economy is equipped to assimilate the higher cost of capital," Quincy Krosby, Chief Global Strategist for LPL Financial, said. Wednesday did see some demand return for Treasurys, with the latest auction of 20-year bonds drawing more interest than other recent sales of long-dated bonds. This follows after buyers pulled back from last year\'s auction, causing concern of a more widespread trend. Meanwhile, earnings reports continued through the day, with Tesla and Netflix set to report after the closing bell. Notable earnings earlier in the day included Morgan Stanley, whose profits came in below estimates, and United Airlines, which fell 8% on warnings of elevated fuel prices and risks from the Israel-Hamas conflict. Story continues Here\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday: S&P 500 : 4,314.60, down 1.34% Dow Jones Industrial Average : 33,665.35, down 0.98% (-332.30 points) Nasdaq Composite : 13,314.30, down 1.62% Here\'s what else is going on: Expect a spot Bitcoin ETF this year, Mike Novogratz says, as the SEC\'s opposition makes " intellectually zero sense ." China\'s Country Garden developer reportedly missed a final bond payment deadline . Economists now see chances of a recession below 50%. Here\'s how consensus has shifted over time . Stock market gains may be coming, as a reliable buy signal just flashed through markets . Jeffrey Gundlach says long-dated Treasurys are worth buying, with bond prices set to rise in a 2024 recession . In commodities, bonds, and crypto: West Texas Intermediate climbed 1.87% higher to $88.28 a barrel. Brent crude , the international benchmark, rose 1.7% to $91.39 a barrel. Gold rose 1.47% to $1,964.10 per ounce. The 10-year Treasury yield increased six basis points to 4.908%. Bitcoin slipped 0.26% to $28,274. Read the original article on Business Insider', 'Increased Bitcoin Use, Technological Advancements, and Growing Investor Interest Driving Growth of Crypto ATM Market\nRockville , Oct. 19, 2023 (GLOBE NEWSWIRE) -- The globalcrypto ATM marketis exhibiting unprecedented growth as digital currency use continues to gain traction. The market is estimated at a value of US$ 181 million in 2023 and is projected to expand swiftly at a CAGR of 57% through the forecast period (2023 to 2033), as per a new study conducted by Fact.MR, a market research and competitive intelligence provider.\nGet Free Sample Copy of This Report:https://www.factmr.com/connectus/sample?flag=S&rep_id=8969\nThe crypto ATM business is expanding rapidly owing to many factors such as rising bitcoin use, technological developments, and increased investor interest. Bitcoin is riding the tide of cryptocurrency acceptance, providing customers with a simple and safe means of accessing digital assets. The industry is positioned for significant expansion in the near future, owing to rapid technological breakthroughs and supportive regulatory reforms.\nCryptocurrency ATMs serve as a vital link between established banking systems and the world of cryptocurrencies. These machines make it simple for users to enter and traverse the cryptocurrency industry, thus offering valuable access and liquidity. Crypto ATMs are projected to remain a vital part of the Bitcoin ecosystem as the digital asset landscape evolves.\n[{"Report Attribute": "Value Projection (2033)", "Details": "US$ 16.85 Billion"}, {"Report Attribute": "Growth Rate (2023-2033)", "Details": "57% CAGR"}, {"Report Attribute": "No. of pages", "Details": "170 Pages"}, {"Report Attribute": "No. of Tables", "Details": "80 Tables"}, {"Report Attribute": "No. of Figures", "Details": "219 Figures"}]\nKey Takeaways from Market Study\n• The global crypto ATM market is currently estimated at US$ 181 million.\n• The market is projected to accelerate at a high-value CAGR of 57% and reach US$ 16.85 billion by the end of 2033.\n• The one-way segment led the market in 2022, accounting for more than 68% of global revenue share.\n• North America held a leading market share of 45% in 2022.\n• The two-way segment in Asia Pacific is projected to expand significantly and become a key segment over the coming years.\n• The hardware segment accounted for 75% of the global market in 2022.\n• The Bitcoin segment contributed 30% revenue share in 2022.\n• Restaurants and other hospitality spaces collectively accounted for a leading market share of 31% in 2022.\n“The crypto ATM market benefits from the broader trends of digital transformation and rising adoption of cryptocurrency. These trends are altering financial services and the way people interact with money. Crypto ATMs are at the crossroads of these shifts, offering a physical and accessible entry point into the realm of digital banking while addressing the expanding requirements of the consumers in an increasingly digital and decentralized financial landscape,”\xa0says\xa0a Fact.MR analyst.\nKey Companies Profiled in This Report\n• BITCOIN DEPOT\n• Bitstop\n• Cash Cloud, Inc.\n• Coinsource\n• Covault LLC\n• Bitaccess Inc.\n• Cryptomat\n• GENERAL BYTES s.r.o\n• Genesis Coin Inc.\n• Kurant GmbH\n• Lamassu Industries AG\n• RockitCoin\n• Coinme\n• Coin ATM Radar\n• Soft-logic Co.\n• Byte Federal Inc.\n• Chain B Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $553,121,664,712 - Hash Rate: 424739231.98894006 - Transaction Count: 282007.0 - Unique Addresses: 649723.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Kuala Lumpur, Malaysia--(Newsfile Corp. - September 12, 2023) - RXT Capital LTD is pleased to announce an investment in REE (Rare Earth Elements). The secret in developing environmentally friendly energy technology relies heavily on REE or commonly called Rare Earth Metals (LTJ). This metal is used in all semiconductors for cell phones, computers, turbines, and others. Currently, the price of REE is very expensive, but its existence is very necessary for the future of renewable energy. Neighboring countries like Indonesia, even though they have REE, have many obstacles to mining and processing them. By collaborating with Green Snow Tech which has started this, RXT Capital is maximizing the opportunity for investors around the world to take part in this mining. Figure 1 To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/180333_a96fcc2844881947_001full.jpg RXT Capital LTD Hong Kong has taken 51% total ownership of the REE Mine. This step was taken in preparation for using Blockchain as a means for STO to share ownership. RXT Capital LTD, owner of RXT Token, has currently issued BOND Crypto worth ,500,000,000 USDT for Bitcoinland. For REE Mining, RXT Capital has opened a Trust Account Under Hong Kong Trust Capital Management (HKTCM), as the first step to make REE Mining accessible to investors all over the world. Figure 2 To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/180333_a96fcc2844881947_002full.jpg RXT Capital plans to obtain fresh funds amounting to 3,000,000,000 USD (Three Billion USD) to start this business. Continuing to prioritize RXT (Rimaunangis) Token as its Token utility, RXT Capital LTD will continue to develop its business line as part of RXT World. This REE mine is located in Perak Province, with an initial area of 100 acres, and will increase to 5000 acres. Of course big names in Malaysia such as Petronas and the Malaysian Nuclear Agency will provide support. In this agreement, Dato Abdul Haadi Azhar as CEO of RXT Capital LTD and Dato Nik Abdul Mubin as CEO of Grennsnow Technologies SDN BHD, said it was time for the study, which had been carried out since 2021, to be enjoyed by the world. Figure 3 To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/180333_a96fcc2844881947_003full.jpg RXT Capital and Greensnow Tech SDN BHD will bring the world to Green Energy that is more affordable and can be enjoyed by everyone. From Malaysia and Hong Kong to the World. RXT Capital LTDHong Kong Contact details:John [email protected] To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/180333... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Amid a global slowdown in venture investments for crypto projects, some companies continue to buck the trend.SynFutures, a decentralized crypto derivatives exchange, has completed a $22 million Series B funding round. Pantera Capital led the round, with participation from HashKey Capital and SIG DT Investments, a member of the Susquehanna International Group.\nSynFutures is rolling out its proprietary automated market maker (AMM) called Oyster alongside its new raise. AMM, which emerged with the rise of decentralized finance or DeFi, uses algorithmic robots to make it easier for traders to buy and sell crypto assets, rather than having them trade with a traditional order book.\nIn an interview with TechCrunch, SynFutures\' co-founder and CEO Rachel Lin compared her company to Amazon where "any market maker can list assets in 30 seconds." The speed is possible thanks to the use of smart contracts, which are lines of code on a blockchain that execute actions based on predetermined conditions. On Oyster, these programs are responsible for everything from pricing to settlements to PnL (profit and loss) analysis.\nWhile AMM has become the backbone of DeFi, SynFutures wants to address one of DeFi\'s biggest challenges today -- capital efficiency -- by enabling on-chain orderbook functionalities that are normally associated with traditional finance.\nAs weexplainedin our coverage of Brine Fi, another Pantera-backed DeFi exchange:\nAn orderbook, as in a traditional stock market, matches buyers and sellers based on price and quantity. It allows for types of orders not possible on a DEX, which are ideal for institutional traders because it lets them better manage their positions under different market conditions and minimize slippage, the different trade execution price than intended.\nSynFutures\' target users, according to Lin, are "high net-worth individuals and small institutions." To date, the company has amassed some 100,000 all-time traders (though one trader might have various wallet addresses). Its trading volume since October 2021 has reached $21 billion.\nThat\'s a lot of money overseen by SynFutures\' small team. Compared to the behemoth size of centralized exchanges, the startup has managed to stay lean thanks to its use of smart contract that automates listing, employing a team of around 20 employees.\nSynFutures is one of many startups capitalizing on a new demand spurred by FTX\'s demise, namely, the need for more transparent, decentralized forms of crypto trading. All transactions facilitated by SynFutures happen on-chain, and users\' funds are stored in self-custodial wallets.\n"There\'s no way for us to do any backdoor out there," noted Lin. "For every fund, you could see yourself: how are the funds doing? What is the exact price that you\'re trading at? What is the exact liquidity line?"\nLin expects another DeFi boom in the next two years as its underlying blockchain technology matures. She noted that three years ago when "DeFi summer" came, crypto spot trading volume was less than 1% of the market\'s total spot trading volume; right now, its share is13-14%.\n"Derivatives have another dimension, call time, so it has a much higher requirement on infrastructures because there\'s liquidation involved," Lin explained.\nSynFutures has bold ambitions to challenge centralized exchanges and even traditional financial giants like JPMorgan someday. Of course, these entrenched players are not complacent and gearing up to defend their positions.\nHaving worked at Deutsche Bank, Lin observed that traditional financial institutions are indeed experimenting with blockchain -- one needs to look no further thanFidelity and BlackRock\'s rush into Bitcoin ETF.However, these efforts tend to be quite separate from their core money-making products. "There are a lot of departments and internal politics," she added.\nAs with centralized finance, security is a major concern for DeFi as the underpinning smart contracts are vulnerable to hacking attempts. Curve, one of the largest decentralized exchanges,lost $62 million this yeardue to a programming bug.\nAnother pressing issue for DeFi is regulatory uncertainty. While regulators are currently fixated on centralized crypto services like Binance for their significant market size (it\'s also easier to target a centralized entity), there are still no clear guidelines from any jurisdiction on how compliance can be done on DeFi, said Lin, though there are examples to draw from.\nOne of the existing practices requires institutions to undergo a know-your-customer (KYC) process before they can participate in certain whitelisted-only pools. The other way to work toward compliance is for DeFi protocols themselves to remain permissionless -- the gateways, for example, wallets and exchanges that offer access to the protocols -- to introduce the KYC layer.\n"For example, for the latter approach, users burn or mint USDC via their KYC’d wallets, but once that USDC is minted, it can be freely transferred to third parties," explained Lin. "Here, while on-chain AML [anti-money laundering] checks would still apply due to the industry’s ‘blacklist’ practice, which blocks known terrorist or hacker wallet addresses, these third parties would not be KYC’d."\nBrine Fi challenges Coinbase, Binance with decentralized exchange as it nets Pantera-led $16.5M round', 'Amid a global slowdown in venture investments for crypto projects, some companies continue to buck the trend. SynFutures , a decentralized crypto derivatives exchange, has completed a $22 million Series B funding round. Pantera Capital led the round, with participation from HashKey Capital and SIG DT Investments, a member of the Susquehanna International Group. SynFutures is rolling out its proprietary automated market maker (AMM) called Oyster alongside its new raise. AMM, which emerged with the rise of decentralized finance or DeFi, uses algorithmic robots to make it easier for traders to buy and sell crypto assets, rather than having them trade with a traditional order book. In an interview with TechCrunch, SynFutures\' co-founder and CEO Rachel Lin compared her company to Amazon where "any market maker can list assets in 30 seconds." The speed is possible thanks to the use of smart contracts, which are lines of code on a blockchain that execute actions based on predetermined conditions. On Oyster, these programs are responsible for everything from pricing to settlements to PnL (profit and loss) analysis. While AMM has become the backbone of DeFi, SynFutures wants to address one of DeFi\'s biggest challenges today -- capital efficiency -- by enabling on-chain orderbook functionalities that are normally associated with traditional finance. As we explained in our coverage of Brine Fi, another Pantera-backed DeFi exchange: An orderbook, as in a traditional stock market, matches buyers and sellers based on price and quantity. It allows for types of orders not possible on a DEX, which are ideal for institutional traders because it lets them better manage their positions under different market conditions and minimize slippage, the different trade execution price than intended. SynFutures\' target users, according to Lin, are "high net-worth individuals and small institutions." To date, the company has amassed some 100,000 all-time traders (though one trader might have various wallet addresses). Its trading volume since October 2021 has reached $21 billion. That\'s a lot of money overseen by SynFutures\' small team. Compared to the behemoth size of centralized exchanges, the startup has managed to stay lean thanks to its use of smart contract that automates listing, employing a team of around 20 employees. Demand for decentralization SynFutures is one of many startups capitalizing on a new demand spurred by FTX\'s demise, namely, the need for more transparent, decentralized forms of crypto trading. All transactions facilitated by SynFutures happen on-chain, and users\' funds are stored in self-custodial wallets. Story continues "There\'s no way for us to do any backdoor out there," noted Lin. "For every fund, you could see yourself: how are the funds doing? What is the exact price that you\'re trading at? What is the exact liquidity line?" Lin expects another DeFi boom in the next two years as its underlying blockchain technology matures. She noted that three years ago when " DeFi summer " came, crypto spot trading volume was less than 1% of the market\'s total spot trading volume; right now, its share is 13-14% . "Derivatives have another dimension, call time, so it has a much higher requirement on infrastructures because there\'s liquidation involved," Lin explained. SynFutures has bold ambitions to challenge centralized exchanges and even traditional financial giants like JPMorgan someday. Of course, these entrenched players are not complacent and gearing up to defend their positions. Having worked at Deutsche Bank, Lin observed that traditional financial institutions are indeed experimenting with blockchain -- one needs to look no further than Fidelity and BlackRock\'s rush into Bitcoin ETF. However, these efforts tend to be quite separate from their core money-making products. "There are a lot of departments and internal politics," she added. Uncertainty abounds As with centralized finance, security is a major concern for DeFi as the underpinning smart contracts are vulnerable to hacking attempts. Curve, one of the largest decentralized exchanges, lost $62 million this year due to a programming bug. Another pressing issue for DeFi is regulatory uncertainty. While regulators are currently fixated on centralized crypto services like Binance for their significant market size (it\'s also easier to target a centralized entity), there are still no clear guidelines from any jurisdiction on how compliance can be done on DeFi, said Lin, though there are examples to draw from. One of the existing practices requires institutions to undergo a know- Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $571,471,426,400 - Hash Rate: 406536122.04655695 - Transaction Count: 295888.0 - Unique Addresses: 705226.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A technical analysis indicator shows extreme oversold conditions in bitcoin as surgingbond yieldsweigh over risk assets, including cryptocurrencies. Bitcoin's 14-day relative strength index (RSI) has dropped well below 30, indicating oversold conditions. The indicator has dropped to its lowest since the coronavirus-induced crash of March 2020. The RSI is a momentum indicator ranging between 0 to 100 that shows the asset's recent price movement relative to its average price movement over a specific period, usually 14 days. A reading below 30 reflects oversold conditions, implying that the price has dropped too quickly relative to its recent average. Meanwhile, a reading above 70 indicates overbought conditions. One of the mistakes that thecrypto communityon X (formerly Twitter) and most rookie traders make is to consider oversold and overbought readings as advance hints of an impending bullish and bearish reversal. But that's not the case. An oversold RSI reading means prices have dropped too quickly – that's it, while overbought reading indicates prices have rallied fast. If anything, the latest below-30 or oversold reading on the RSI is a sign of strengthening bearish momentum. As the old saying goes, indicators can stay oversold longer than dip buyers can stay solvent. According to Alex Kuptsikevich, senior market analyst at the FxPro, bitcoin's trend has shifted bearish. "Bitcoin closed the [last] week with a notable drop below its 200-week and 200-day moving averages, signaling a shift to a bearish trend. From current levels near $26,000, the following area of decline appears to be the last pivot area at $24,700," Kuptsikevich said in an email. Bitcoin changed hands at $26,000 at press time. Prices fell over 10% last week as the yield on the 10-year U.S. inflation-indexed security nearly rose to 2%, hitting the highest since 2009.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The US government owns over $5 billion worth of bitcoin, according to a recent analysis. Getty Images The US government has seized at least $5.5 billion worth of bitcoin since 2020, according to analysts. Its stake makes it one of the world\'s largest crypto "whales". Whether it holds or sells its bitcoin stash could have a huge impact on the token\'s price. The US government owns billions of dollars worth of bitcoin –\xa0and whether it decides to hold or sell could have a big impact on the cryptocurrency\'s price. Public filings show Washington has seized over 200,000 tokens from cybercriminals since 2020, according to crypto firm 21.co . Its holdings are worth $5.5 billion in total, analysts estimated – making the US one of the world\'s largest bitcoin "whales", a term that digital-asset enthusiasts use to refer to individuals or groups that own large amounts of the crypto. Tokens seized from the online black market Silk Road , its founder James Zhong , and criminals who hacked the Bitfinex exchange back in 2016 make up a large amount of the government\'s bitcoin stash, per 21.co\'s data. In the past, the government has tended to dump its stakes via auction after relevant legal proceedings have been completed, and then use the money to reimburse victims. For example, Washington sold 9,861 previously-seized bitcoins via Coinbase in March and gave $300,000 worth of compensation to Bitfinex in July, according to the Wall Street Journal . The government\'s sales could conceivably swing the price of the world\'s largest token by total market capitalization, with digital-asset trading volumes grinding to a halt over the past year. In 2022, crypto prices cratered as the Federal Reserve\'s aggressive interest-rate hikes and the collapse of high-profile companies like FTX weighed on investors\' enthusiasm for the sector. Bitcoin crashed below $20,000 and has barely recovered despite a rally for risk assets this year, with the token trading in a narrow range between $26,000 and $31,000 since mid-March. Story continues Lower volatility means that whales can drive big swings all by themselves –\xa0so what the government decides to do with its $5.5 billion stash could have a major impact on bitcoin\'s price. Read more: From Sam Bankman-Fried\'s arrest to bitcoin plunging below $20,000, here are the 9 craziest crypto stories of 2022 Read the original article on Business Insider', '• The US government has seized at least $5.5 billion worth of bitcoin since 2020, according to analysts.\n• Its stake makes it one of the world\'s largest crypto "whales".\n• Whether it holds or sells its bitcoin stash could have a huge impact on the token\'s price.\nThe US government owns billions of dollars worth ofbitcoin–\xa0and whether it decides to hold or sell could have a big impact on the cryptocurrency\'s price.\nPublic filings show Washington has seized over 200,000 tokens from cybercriminals since 2020, according to crypto firm21.co.\nIts holdings are worth $5.5 billion in total, analysts estimated – making the US one of the world\'s largest bitcoin "whales", a term that digital-asset enthusiasts use to refer to individuals or groups that own large amounts of the crypto.\nTokens seized from the online black marketSilk Road, its founderJames Zhong, and criminals whohacked the Bitfinex exchangeback in 2016 make up a large amount of the government\'s bitcoin stash, per 21.co\'s data.\nIn the past, the government has tended to dump its stakes via auction after relevant legal proceedings have been completed, and then use the money to reimburse victims.\nFor example, Washington sold 9,861 previously-seized bitcoins via Coinbase in March and gave $300,000 worth of compensation to Bitfinex in July, according to theWall Street Journal.\nThe government\'s sales could conceivably swing the price of the world\'s largest token by total market capitalization, with digital-asset trading volumes grinding to a halt over the past year.\nIn 2022, crypto prices cratered asthe Federal Reserve\'s aggressive interest-rate hikesandthe collapse of high-profile companies like FTXweighed on investors\' enthusiasm for the sector.\nBitcoin crashed below $20,000 and has barely recovered despite a rally for risk assets this year, with the token trading in a narrow range between $26,000 and $31,000 since mid-March.\nLower volatility means that whales can drive big swings all by themselves –\xa0so what the government decides to do with its $5.5 billion stash could have a major impact on bitcoin\'s price.\nRead more:From Sam Bankman-Fried\'s arrest to bitcoin plunging below $20,000, here are the 9 craziest crypto stories of 2022\nRead the original article onBusiness Insider', "New York --News Direct-- RoundHouse Media When Bitcoin (BTC) emerged, mining the cryptocurrency was on the rave. By solving simple math problems using a computer, many beginner cryptocurrency enthusiasts became millionaires without spending too much money. Of course, this was when Bitcoin started, and it was still relatively cheap. Now, Bitcoin is worth thousands of dollars, and mining costs just as much. TLDR If you missed Bitcoin mining, which has become costly and environmentally taxing, NuggetRush is a profitable alternative. NuggetRush presents a fresh opportunity for those who missed Bitcoin mining, combining gaming, NFTs, and crypto investments. Its token, NUGX, is available at a discount in its presale, with a 100% potential profit. If you're among the people who missed the opportunity more than a decade ago, another opportunity knocks. NuggetRush (NUGX) is a fast-rising cryptocurrency project that allows investors to mine and earn massively without owning an expensive computer rig or spending thousands of dollars. The platform plans to feature an interactive play-to-earn (P2E) meme game where players can explore mines for in-game assets, which can be exchanged for real value. Let's delve into the myriad of NuggetRush's mouth-watering benefits. NuggetRush (NUGX) Offers Affordable Mining And Enticing NFT Investing The novel P2E cryptocurrency platform utilizes its GameFi model to support gamers and artisanal miners in underdeveloped countries. NuggetRush creates a world where players are tasked with creating their avatars and recruiting the help of real-world mining experts or other skilled gamers to build in-game mining facilities where they can mine for gold and hunt for minerals. NuggetRush's in-game assets can be traded or sold for materials that represent tangible value in the real world, showcasing its potential to rank among the best crypto investment opportunities on the market. The platform also has enticing offerings for Web3 enthusiasts. While on the hunt, players can search for deposits and collect characters that are some of the best NFTs to invest in for maximum profits. NuggetRush's NFTs are highly valuable because miners who find NFTs from the rare RUSHGEMS collection can hold them until the value doubles or swap them for real gold. Holders can also stake their NFTs and receive residual income of up to 20% annual profit on the asset's value. All these lucrative features can be accessed using the native NUGX token, making it the best crypto investment to position for gains. NUGX is currently available for $0.01 in its fast-selling crypto ICO. This is a perfect price to get in on the event because, by the fifth stage, NUGX will be worth $0.020 per token, representing 100% of its initial value in just the early stages of the project. Story continues The crypto ICO has sold over 9.5 million tokens, highlighting rising interest in the project. By participating in the presale, gamers and beginner cryptocurrency traders will be better positioned to maximize the offerings of NuggetRush when it launches. >> Buy NuggetRush Now << Bitcoin (BTC) Mining Is Filled With Declining Prospects Bitcoin is the first cryptocurrency that was created. In the early stages of development, it revolutionized digital investing and the mining industry. Years ago, mining Bitcoin was straightforward, and people could mine using their computers. But as BTC grew popular, mining became difficult, requiring high-end equipment. The limited supply of BTC made mining even harder as time went on. Although the process is rewarding, it also requires a high investment in energy and takes a toll on the environment. The increased requirements to engage in Bitcoin mining have led individuals to look for alternative ways to break into the cryptocurrency ecosystem. Conclusion The growth of Bitcoin mining into a financially and environmentally taxing endeavor has resulted in interested individuals missing out on the opportunity and seeking promising alternatives. NUGX is one such alternative that offers solutions for those who missed the early days of Bitcoin mining. NuggetRush's features are set to revolutionize digital investments and cryptocurrency mining. The ongoing presale is also a rare opportunity to start making millions. Visit NuggetRush Presale Website Contact Details NuggetRush Team [email protected] View source version on newsdirect.com: https://newsdirect.com/news/missed-out-on-bitcoin-mining-mine-and-earn-with-nuggetrush-instead-833532116 View comments", "New York --News Direct-- RoundHouse Media When Bitcoin (BTC) emerged, mining the cryptocurrency was on the rave. By solving simple math problems using a computer, many beginner cryptocurrency enthusiasts became millionaires without spending too much money. Of course, this was when Bitcoin started, and it was still relatively cheap. Now, Bitcoin is worth thousands of dollars, and mining costs just as much. TLDR If you missed Bitcoin mining, which has become costly and environmentally taxing, NuggetRush is a profitable alternative. NuggetRush presents a fresh opportunity for those who missed Bitcoin mining, combining gaming, NFTs, and crypto investments. Its token, NUGX, is available at a discount in its presale, with a 100% potential profit. If you'r Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $575,573,892,319 - Hash Rate: 455077748.5595787 - Transaction Count: 270621.0 - Unique Addresses: 640544.0 Social & AI Sentiment: - Fear & Greed Index: 0.63 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Franklin Templeton entered the spot bitcoin ETF race on Tuesday, the most recent of the traditional Wall Street investment firms that are looking to sell digital asset products alongside more upstart companies. According to a filing with the Securities and Exchange Commission, the Franklin Bitcoin ETF would be listed on the CBOE BZX Exchange. Crypto trading platform Coinbase would be the custodian. The proposed fund doesn’t have a ticker symbol yet. Franklin Templeton has $13.1 billion in assets under management across 60 exchange-traded funds. The firm’s filing comes as more traditional financial firms move into cryptocurrency ETFs. Investment giants BlackRock Inc. and Fidelity Investment Co. have both filed for spot bitcoin ETFs, and many experts speculate that the SEC could give those firms priority if it approves the investment vehicles. While the SEC allows funds that track bitcoin futures contracts, such as the ProShares Bitcoin Strategy ETF (BITO) , the agency has blocked and delayed proposals for ETFs that track physically backed bitcoin. The SEC has rejected more than 30 proposals for a spot bitcoin ETF since 2021, including those from Fidelity and VanEck and has blocked such funds since 2017 on the grounds that they are vulnerable to fraud and market manipulation. On Aug. 29, however, cryptocurrency investment firm Grayscale Investments prevailed in a watershed legal victory over the SEC, when the U.S. Court of Appeals D.C. Circuit ruled that the SEC must reconsider Grayscale’s application to convert its Grayscale Bitcoin Trust into an ETF. The SEC had previously rejected Grayscale’s application. The ruling could mean that the SEC will eventually approve spot bitcoin ETFs. SEC Chairman Gensler: ‘Crypto Rife With Fraud’ As the SEC faces mounting pressure to approve more cryptocurrency ETFs, Chairman Gary Gensler hasn’t backed down from his position that digital assets are an unsafe investment. At a Senate Banking Committee oversight hearing on Tuesday, Gensler said that cryptocurrency has “significant noncompliance” problems and that the asset class as a whole is “rife with fraud, abuse and misconduct.” Story continues The SEC has 45 days to appeal the court’s ruling in Grayscale’s lawsuit, either in the D.C. Circuit or the Supreme Court. The agency could go as far as to roll back its approval of bitcoin futures ETFs if it doubles down on an anti-cryptocurrency stance. The fund would be Franklin Templeton’s first jump into digital asset ETFs. Its largest ETF is the Franklin U.S. Core Bond ETF (FLCB) with $1.6 billion in assets. Permalink \| © Copyright 2023 etf.com. All rights reserved... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['A bitcoin logo is displayed on an ATM in Hong Kong in 2017. (Kin Cheung / Associated Press) Jim Meduri answered a terrifying phone call in January from a man pretending to be his son. The caller, who sounded on the verge of tears, said he\x92d been in a car accident. Meduri was convinced his son had been arrested for driving under the influence and injuring a pregnant woman and her daughter. The San Jose resident later spoke to people impersonating a defense attorney and a courthouse clerk, who told him his son might be sent from the Bay Area to Nevada because of an mpox outbreak at the jail. Panicked and in a rush, Meduri agreed to send bail money through cryptocurrency. The fake lawyer directed Meduri, 65, to an ATM where people can buy the digital currency bitcoin. He inserted $15,000 in cash into the machine, scanned a code provided by the scammers and transferred the money. When Meduri realized he\x92d been duped, his money was gone. \x93They played on fear and what a parent would do to help their kid, and it was elaborate,\x94 said Meduri, who was able to get most of his money back with help from the Santa Clara County district attorney\x92s office. Meduri\'s misfortune is just one example of how scammers are using bitcoin ATMs to swindle victims out of thousands of dollars, fraud that law enforcement officials warn is on the rise. The machines, in convenience stores, gas stations and even bakeries, are an easy way for people to buy cryptocurrency quickly with cash, which is harder to track than a wire transfer or check. As scammers exploit the convenience these machines provide, bitcoin ATMs are also attracting the attention of lawmakers, regulators and consumer advocacy groups looking to protect people from fraud and exorbitant fees. Starting in January, California will limit cryptocurrency ATM transactions to $1,000 per day per person under Senate Bill 401, which Gov. Gavin Newsom signed into law. Some bitcoin ATM machines advertise limits as high as $50,000. The new law also bars bitcoin ATM operators from collecting fees higher than $5 or 15% of the transaction, whichever is greater, starting in 2025. Legislative staff members visited a crypto kiosk in Sacramento and found markups as high as 33% on some digital assets when they compared the prices at which cryptocurrency is bought and sold. Typically, a crypto ATM charges fees between 12% and 25% over the value of the digital asset, according to a legislative analysis. Story continues \x93This bill is about ensuring that people who have been frauded in our communities don\'t continue to watch our state step aside when we know that these are real problems that are happening,\x94 said state Sen. Monique Limón (D-Goleta), who co-authored the bill. Although similar scams have existed long before the rising popularity of cryptocurrency, the use of these digital assets by fraudsters has been increasing, according to the Federal Trade Commission. Since 2021, more than 46,000 people reported losing over $1 billion in crypto to scams, the agency reported in 2022. Victims of bitcoin ATM scams say limiting the transactions will give people more time to figure out they\x92re being tricked and prevent them from using large amounts of cash to buy cryptocurrency. But crypto ATM operators say the new laws will harm their industry and the small businesses they pay to rent space for the machines. There are more than 3,200 bitcoin ATMs in California, according to Coin ATM Radar , a site that tracks the machines\' locations. \x93This bill fails to adequately address how to crack down on fraud, and instead takes a punitive path focused on a specific technology that will shudder the industry and hurt consumers, while doing nothing to stop bad actors,\x94 said Charles Belle, executive director of the Blockchain Advocacy Coalition. While California lawmakers have striven to balance the need to support the cryptocurrency industry and protect consumers, recent legislation has hewed toward tighter state regulation. Another law would by July 2025 require digital financial asset businesses to obtain a license from the California Department of Financial Protection and Innovation. Read more: Gavin Newsom\'s awkward crypto timing When signing the legislation, Assembly Bill 39 , Newsom included a message that said the law needed further refinement to provide clarity to consumers, businesses and state regulators. \x93It is essential that we strike the appropriate balance between protecting consumers from harm and fostering a responsible innovation environment,\x94 he wrote. In 2022, months before the collapse of cryptocurrency exchange FTX, Newsom vetoed a similar bill that would have required cryptocurrency companies to get a state license, citing concerns a new regulatory program would be costly and the actions were premature. Erin West, a Santa Clara County deputy district attorney who helped Meduri recover his money, said scammers turn to bitcoin ATM machines because they accept large amounts of cash. The value of bitcoin can also rise, giving fraudsters a way to increase their plunder. Scammers use different tactics to trick people into handing over their money, including creating a false sense of urgency and winning over their trust. Some befriend or seduce their victims through social media or dating apps, luring them into a web of lies that include fake emergencies. Other times, the scam starts with a text message directing victims to a fake cryptocurrency investment site. West said her team has been able to recover $2.5 million for scam victims like Meduri by tracking down the cryptocurrency exchange that was involved in the transaction. After Meduri put $15,000 into a kiosk operated by Bitcoin ATM Services, the digital money ended up in the cryptocurrency exchange Binance. The exchange complied with a search warrant, allowing her team to retrieve the stolen funds from Binance and return them to Meduri. Although it\x92s possible for cryptocurrency victims to get their money back even if it travels overseas, West said it\x92s rare. Some cryptocurrency exchanges are more cooperative with law enforcement than others, she said. \x93This whole thing is a speed game,\x94 said West, who is part of a task force called REACT \x97 Regional Enforcement Allied Computer Team \x97 that combats high-tech crimes. \x93Can we get the victim in front of a competent investigator who knows how to find things on the blockchain in the least amount of time?\x94 Blockchain is a type of shared digital database that stores information about crypto transactions. Read more: Before investing in crypto, check out California\'s new scam tracker An 80-year-old retired teacher in Los Angeles, whom The Times previously interviewed, said she hasn\x92t been able to recover $69,000 she sent to scammers through a bitcoin ATM over multiple days in May. The stolen funds ended up in Seychelles-based cryptocurrency exchanges KuCoin and Huobi. The scam started when Mrs. K, who wants to remain anonymous because she\x92s more wary about giving out her personal information, got a loud pop-up alert that her computer was infected with a virus. After calling a fake tech support number and later talking to a person impersonating the FBI, Mrs. K thought her Chase bank account had been taken over by foreign Chinese hackers involved in a child pornography case. To keep up the elaborate ruse, the scammers also sent Mrs. K fake Chase bank emails. \x93If it wasn\'t this convoluted mishmash, I probably would have been a little smarter and not fallen into this trap,\x94 Mrs. K said. \x93I feel so disappointed in myself that I just fell hook, line and sinker.\x94 Mrs. K said the FBI impersonator told her to withdraw $75,000 in cash over three days from her Chase checking account and not tell anyone. If workers at the bank asked, the scammer told Mrs. K to say that she was withdrawing cash for construction. The FBI impersonator convinced Mrs. K she could help law enforcement catch the child predators if she converted the cash to cryptocurrency and transferred the funds to a digital wallet the agency would monitor. The intricate lie eventually led Mrs. K to a Coinhub Bitcoin ATM machine at a doughnut shop in Highland Park that accepts up to $25,000 in cash daily per person. By the time she realized it was a scam, Mrs. K had sent $69,000 to the fraudsters. She reported the crime to police but hasn\x92t been able to recover her money. Under federal law, bitcoin ATM operators are typically considered money services businesses, so they\x92re required to register with the U.S. Department of Treasury\x92s Financial Crimes Enforcement Network, or FinCEN. The agency collects and analyzes financial information to combat money laundering and other illegal uses. The businesses must also maintain an anti-money-laundering program and report suspicious activity to the agency. Logan Short, the chief executive of LSGT Services, which does business as Coinhub Bitcoin ATM, said in an email the company does "everything in its power to protect consumers, but unfortunately fraud is not 100% preventable in any industry.\x94 The Las Vegas company is registered with FinCEN but faced allegations that it operated crypto ATM machines in Connecticut without the required state license. Bitcoin ATM Services, which operates the kiosk used by Meduri, says on its website that it is registered with FinCEN. The Times couldn\x92t find a record of Bitcoin ATM Services being registered as a money services business with FinCEN. A company called Cash ATM Services that has the same mailing address as Bitcoin ATM Services was registered. Bitcoin ATM Services did not respond to a request for comment. Law enforcement has cracked down on unlicensed crypto ATMs, but it can be tough for consumers to tell how serious the industry is about addressing the concerns. In 2020, a Yorba Linda man pleaded guilty to charges of operating unlicensed bitcoin ATMs and failing to maintain an Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $583,798,203,512 - Hash Rate: 464179303.53077024 - Transaction Count: 252457.0 - Unique Addresses: 577606.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: There’s been much discussion this year about how themarket rally has been concentratedin a handful of mega-captech stocks. Most stocks are flat or down, grumble analysts, noting that the blue-chipDow Jones Industrial Averagerecentlyturned negative on the year. If it weren’t for a catalyst in artificial intelligence (AI), the entire market might be in the red right now. While much of this is true, look a little closer and one can see several stocks that have racked up big gains so far in 2023. The broader market might be treading water, but several individual stocks have been soaring and outperforming. These are not the usual suspects. There are many lesser known, unheralded securities that are up 50%, 100%, or more this year. The gains in these names are being fueled by strong earnings, improving sentiment, and some surprising catalysts. Here are silent winners: seven overlooked stocks posting impressive gains. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Yev_1234 / Shutterstock The price of Bitcoin (BTC-USD) has risen nearly 70% this year. That has meant boom times for cryptocurrency miners such asMarathon Digital(NASDAQ:MARA). The crypto miner just reported that it produced 1,242 Bitcoin in September,a 16% increase from Augustof this year and a 245% increase from September 2022 when the sector was in the grips of a “crypto winter” and prices for digital coins and tokens were in freefall. The increased production comes as the price of BTC has remained buoyant despite a decline in stocks since August. Marathon Digital said it has now produced 8,610 Bitcoin this year and is searching for new mining locations that offer low-cost renewable energy that’s needed to mine for crypto. Owing to the increased activity and growth in cryptocurrency prices,MARA stock has gained 145%this year, nearly matching the increase in shares ofMeta(NASDAQ:META). Over the last five years, Marathon Digital’s stock has increased 233%. While grossly under reported, crypto mining stocks are soaring this year. Source: Ken Wolter / Shutterstock.com There’s been a lot of talk this year about tech stocks, but almost no mention ofDell Technologies(NYSE:DELL). That seems strange given that the maker of laptops, monitors, and other computer hardware has been on a bull run. DELL stock is up 64% this year, has gained 95% over the last 12 months, and is up 150% since the company returned to the public markets five years ago after a hiatus. The rise in Dell Technologies’ share price is all the more impressive given that sales of personal computers globally havebeen in a funk for the past two years. DELL stock is currently trading near an all-time high. The company isbenefitting from diversificationand its moves into new areas beyond computer hardware such as cloud computing and data protection. Management is also focusing on the red hot area AI, mentioning the term “AI” nearly 20 times during itslast earnings callwith analysts and media. Dell has also posted better-than-expected financial results and raised guidance this year. DELL stock also pays a dividend of 37 cents a share per quarter, for a yield of 2.23%. Source: Paul McKinnon / Shutterstock.com Abercrombie & Fitch(NYSE:ANF) is a retailer known for selling casual wear. However, ANF stock has been trading more like a tech start-up this year than a clothing retailer. Year-to-date, Abercrombie’s share price has risen 141%. Thestock is up 268%over the last 12 months. Through five years, the shares have increased 200%. It’s a remarkable result that has trounced the performance of just about every other clothing retailer.The Gap’s(NYSE:GPS) stock is down 10% this year, for example. ANF stock began to skyrocket aftera surprise profitwas reported at the end of May this year. Abercrombie subsequently issued an earnings print at the end of August thatobliterated Wall Street forecasts, announcing a profit of $1.10 a share when analysts had been looking for earnings of just 17 cents. Revenue also crushed consensus forecasts. The company also raised its outlook for the remainder of this year, saying it now expects sales to grow 10%, up from previous guidance of 2% growth. ANF stock is like a runaway train at this point. Source: Sundry Photography / Shutterstock.com After years in the wilderness, shares ofGeneral Electric(NYSE:GE) have come roaring back. GE stock is up 66% in 2023, and has increased 117% in the past 12 months. The revival comes after the industrial giant successfully spun-off its healthcare unit in January. More changes are coming, with GE planning tospin-off its power generation businessin early 2024. These change enable General Electric to focus more on its core businesses (which are also its most profitable) of aerospace and renewable energy. The breakup of its business is already having a positive impact on General Electric’s earnings.GE stock rose 6%after the company’s most recent financial results beat Wall Street forecasts across the board, and the company raised its full-year profit outlook. The company said it is benefitting from strong demand for its jet engine parts and airline maintenance work amid the current boom in air travel. Despite this year’s big run, GE stock looks attractively valued trading at 13 times future earnings. Source: Teerasak Ladnongkhun/Shutterstock.com Fair Isaac Corp. (NYSE:FICO) is the credit scoring company that’s behind everybody’s FICO score, which measures consumer credit worthiness. Fair Isaac is the kind of company that provides an essential service in a niche market, giving ita near-monopoly positionin the marketplace and a wide moat around its business. Some 95% of financial institutions in the U.S. are clients of Fair Isaac. With the economy in flux and interest rates at their highest level in 22-years, credit checks and FICO scores are being scrutinized now more than ever before, leading toboom times at Fair Isaac. This is reflected in FICO stock, which is up 50% this year, up 124% over the last 12 months, and up 330% over the past five years. The share price is currently near a 52-week high. The stock isn’t cheap, but its long-term outperformance and competitive position make it worth the expense. Source: NAN728 / Shutterstock.com After being crushed during the pandemic, cruise line operatorCarnival Corp.(NYSE:CCL) is gaining ground again. CCL stock has risen 59% year to date, and is up 99% in the last 12 months. Other cruise operators such asRoyal Caribbean(NYSE:RCL) have seensimilarly strong gainsin their share prices this year. With the heights of the pandemic firmly in our rearview mirror and cruise bookings up sharply, Carnival’s earnings and its stock are once again moving higher. It’s welcome news after two very difficult years for the global cruise line industry. The company announced that it is seeing thehighest demand for bookingsin more than 50 years as people take to the high seas once again. CCL stock is also gaining traction from the fact that the company is making progress in terms of paying down its $30 billion debt load, the majority of which it incurred while its ships were idled during the Covid-19 crisis. The companyjust reportedthat its fiscal third quarter net income, or profit, topped $1 billion and its revenue hit anall-time high of $6.85 billion, both topping Wall Street forecasts. Source: Michael Vi / Shutterstock.com How about a microchip and semiconductor stock not namedNvidia(NASDAQ:NVDA)? For that we turn toMarvell Technology(NASDAQ:MRVL), a chip stock that has been performing well this year with little fanfare. Since January,MRVL stock has gained 50%, bringing its five year advance to 200%. The company, whose technology is used in areas such as computer, networking, security and storage, is seeing strong demand and earnings growth. Like most chip and semiconductor companies, Marvell also has abig opportunity in AI. So much so, that MRVL stock rose more than 30% at the end of May when management highlightedthe company’s potential AI catalystduring an earnings call. More recently, the companybeat Wall Street expectationswith its quarterly print delivered at the end of August, reporting a profit of 33 cents a share on sales of $1.34 billion compared to 32 cents a share and sales of $1.33 billion that analysts had penciled in for the company. On the date of publication, Joel Baglole held long positions in FICO and NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. • Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. • ChatGPT IPO Could Shock the World, Make This Move Before the Announcement • The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The postSilent Winners: 7 Overlooked Stocks Posting Impressive Gainsappeared first onInvestorPlace.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['LONDON, Oct 23 (Reuters) - Cryptocurrency\'s role in terrorist financing and funding militant groups has come under renewed scrutiny following a deadly attack in Israel by Palestinian militant group Hamas.\nIsrael has seized crypto accounts it says are linked to Hamas. U.S. lawmakers have urged the government to crack down on the use of cryptocurrencies by Hamas and its affiliates.\nBut cryptocurrencies are just one way that violent militant groups and groups designated as terrorist organisations get and use money. Here\'s what we know about crypto\'s role.\nWHY IS CRYPTO USED IN ILLICIT FINANCE?\nAnyone can set up a cryptocurrency wallet address, without always having to undergo checks such as those by a bank.\nThe addresses are pseudonymous – labelled only by a string of letters and numbers – which means people can send and receive cryptocurrency without revealing their identity.\nThe blockchain technology that underpins cryptocurrency operates digitally, across borders, meaning that it can act as an instant payments system.\nCrypto is subject globally to less specific regulation than traditional finance, although new rules are being introduced in some regions.\nThe Financial Action Task Force (FATF), the global body responsible for tackling money laundering and terrorist financing, has warned that crypto assets "risk becoming a safe haven for the financial transactions of criminals and terrorists".\nCAN CRYPTO NOT BE TRACKED?\nYes. But not always.\nBlockchains such as Bitcoin and Ethereum create a permanent public record of transactions. This means it is possible to see what funds have flowed in and out of a wallet address, and which wallets it interacted with.\nIt is hard for an outsider to identify transactions on the blockchain but blockchain analytics firms have tools to track funds.\nStill, in order to link these flows to a person or group, researchers rely on information not recorded by the blockchain.\nCrypto exchanges can record which addresses belong to which customer and police can unmask those behind wallets.\nCryptocurrency users can further obscure their tracks by the use of crypto "mixers", or move funds to exchanges or other firms where they can become difficult to distinguish from other customers\' assets.\nHOW MUCH CRYPTO IS USED IN TERRORIST FINANCING?\nNo one knows for sure.\nMilitant groups use different methods to move money, including cash, banks, shell companies and charities, and informal financial networks. Crypto is a small part, experts say.\nA United Nations official said in 2022 that a couple of years ago 5% of terrorist attacks were considered to be financed by crypto, but that this may go up to 20%, Bloomberg reported.\nThe FATF said this year that crypto presents "increasing terrorist financing risks", but that the "vast majority" of terrorist financing still uses regular money.\nWhen illicit finance flows are identified at a crypto firm, that doesn\'t necessarily mean all of that firm\'s flows are tainted, crypto researchers Chainalysis said in a blog.\nChainalysis said that terrorist financing "represents a small fraction of the less than 1% of the entire crypto market occupied by illicit activity".\nWHAT ABOUT OTHER FORMS OF ILLICIT FINANCE?\nTerrorist financing is a small part of the illicit uses of crypto, which include scams, ransomware and theft.\nCrypto crime hit a record $20.1 billion in 2022, Chainalysis said, calling this a lower bound estimate. That figure excludes when cryptocurrencies are the proceeds of non-crypto crimes such as payment for drugs.\nCryptocurrency theft via cyber attacks is also a significant source of funding for North Korea, according to UN reports.\nSome banks in the UK have curbed customers\' access to crypto because of a rise in crypto scams. (Reporting by Elizabeth Howcroft and Tom Wilson; editing by John O\'Donnell and Ed Osmond)', 'LONDON, Oct 23 (Reuters) - Cryptocurrency\'s role in terrorist financing and funding militant groups has come under renewed scrutiny following a deadly attack in Israel by Palestinian militant group Hamas. Israel has seized crypto accounts it says are linked to Hamas. U.S. lawmakers have urged the government to crack down on the use of cryptocurrencies by Hamas and its affiliates. But cryptocurrencies are just one way that violent militant groups and groups designated as terrorist organisations get and use money. Here\'s what we know about crypto\'s role. WHY IS CRYPTO USED IN ILLICIT FINANCE? Anyone can set up a cryptocurrency wallet address, without always having to undergo checks such as those by a bank. The addresses are pseudonymous – labelled only by a string of letters and numbers – which means people can send and receive cryptocurrency without revealing their identity. The blockchain technology that underpins cryptocurrency operates digitally, across borders, meaning that it can act as an instant payments system. Crypto is subject globally to less specific regulation than traditional finance, although new rules are being introduced in some regions. The Financial Action Task Force (FATF), the global body responsible for tackling money laundering and terrorist financing, has warned that crypto assets "risk becoming a safe haven for the financial transactions of criminals and terrorists". CAN CRYPTO NOT BE TRACKED? Yes. But not always. Blockchains such as Bitcoin and Ethereum create a permanent public record of transactions. This means it is possible to see what funds have flowed in and out of a wallet address, and which wallets it interacted with. It is hard for an outsider to identify transactions on the blockchain but blockchain analytics firms have tools to track funds. Still, in order to link these flows to a person or group, researchers rely on information not recorded by the blockchain. Crypto exchanges can record which addresses belong to which customer and police can unmask those behind wallets. Story continues Cryptocurrency users can further obscure their tracks by the use of crypto "mixers", or move funds to exchanges or other firms where they can become difficult to distinguish from other customers\' assets. HOW MUCH CRYPTO IS USED IN TERRORIST FINANCING? No one knows for sure. Militant groups use different methods to move money, including cash, banks, shell companies and charities, and informal financial networks. Crypto is a small part, experts say. A United Nations official said in 2022 that a couple of years ago 5% of terrorist attacks were considered to be financed by crypto, but that this may go up to 20%, Bloomberg reported. The FATF said this year that crypto presents "increasing terrorist financing risks", but that the "vast majority" of terrorist financing still uses regular money. When illicit finance flows are identified at a crypto firm, that doesn\'t necessarily mean all of that firm\'s flows are tainted, crypto researchers Chainalysis said in a blog. Chainalysis said that terrorist financing "represents a small fraction of the less than 1% of the entire crypto market occupied by illicit activity". WHAT ABOUT OTHER FORMS OF ILLICIT FINANCE? Terrorist financing is a small part of the illicit uses of crypto, which include scams, ransomware and theft. Crypto crime hit a record $20.1 billion in 2022, Chainalysis said, calling this a lower bound estimate. That figure excludes when cryptocurrencies are the proceeds of non-crypto crimes such as payment for drugs. Cryptocurrency theft via cyber attacks is also a significant source of funding for North Korea, according to UN reports. Some banks in the UK have curbed customers\' access to crypto because of a rise in crypto scams. (Reporting by Elizabeth Howcroft and Tom Wilson; editing by John O\'Donnell and Ed Osmond)', 'LONDON (Reuters) - Cryptocurrency\'s role in terrorist financing and funding militant groups has come under renewed scrutiny following a deadly attack in Israel by Palestinian militant group Hamas. Israel has seized crypto accounts it says are linked to Hamas. U.S. lawmakers have urged the government to crack down on the use of cryptocurrencies by Hamas and its affiliates. But cryptocurrencies are just one way that violent militant groups and groups designated as terrorist organisations get and use money. Here\'s what we know about crypto\'s role. WHY IS CRYPTO USED IN ILLICIT FINANCE? Anyone can set up a cryptocurrency wallet address, without always having to undergo checks such as those by a bank. The addresses are pseudonymous – labelled only by a string of letters and numbers – which means people can send and receive cryptocurrency without revealing their identity. The blockchain technology that underpins cryptocurrency operates digitally, across borders, meaning that it can act as an instant payments system. Crypto is subject globally to less specific regulation than traditional finance, although new rules are being introduced in some regions. The Financial Action Task Force (FATF), the global body responsible for tackling money laundering and terrorist financing, has warned that crypto assets "risk becoming a safe haven for the financial transactions of criminals and terrorists". CAN CRYPTO NOT BE TRACKED? Yes. But not always. Blockchains such as Bitcoin and Ethereum create a permanent public record of transactions. This means it is possible to see what funds have flowed in and out of a wallet address, and which wallets it interacted with. It is hard for an outsider to identify transactions on the blockchain but blockchain analytics firms have tools to track funds. Still, in order to link these flows to a person or group, researchers rely on information not recorded by the blockchain. Crypto exchanges can record which addresses belong to which customer and police can unmask those behind wallets. Story continues Cryptocurrency users can further obscure their tracks by the use of crypto "mixers", or move funds to exchanges or other firms where they can become difficult to distinguish from other customers\' assets. Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $599,223,761,281 - Hash Rate: 476314710.1590258 - Transaction Count: 301780.0 - Unique Addresses: 660705.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This article originally appeared inFirst Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day. Bitcoin (BTC) has fallen back below $26,000, losing 0.73% on the day, reflecting generally bearish sentiment among crypto traders and a lack of bullish catalysts to rally markets.BTC fell as low as $25,886 on Monday after rallying briefly last week to $26,200, but has since dropped back close to where it started last week. Institutional crypto exchange LMAX Digital said in a note that bitcoin is getting closer to a breakout from the current range due to how tight the contraction has gotten in recent sessions. “Whenever ranges get too tight, it’s often a warning sign for a surge in volatility,” the exchange said in a note. Etoro analyst Simon Peters said softness in the market is also being seen in other asset classes, such as equities. He said in a morning note that this comes as investors “pay close attention to thediscussions at Jackson Hole…The indication from Wyoming is that central bankers are intent on keeping rates at higher levels to prevent a resurgence in inflation – which is not being taken well by risk assets across the board.” Digital Currency Group (DCG) hasreachedan in-principle deal with Genesis creditors to resolve the claims brought up in Genesis' bankruptcy, according to a court filing on Tuesday.The plan could result in the recoveries of 70%-90% in USD equivalent for unsecured creditors and 65%-90% recovery on an in-kind basis depending on the denomination of the digital asset. All the estimated recoveries are subject to market pricing and definitive documentation. DCG is also the parent company of CoinDesk. All of FTX founder’s Sam Bankman-Fried’s proposed witnesses should bedisqualifiedfrom testifying because their disclosure filings are insufficient, their experience may be misleading or their planned testimony may not be relevant, prosecutors said in a late Monday filing.Bankman-Fried’s team, for its part, wants to exclude a financial analysis expert proposed by the Department of Justice because his proposed testimony may not be allowed under the rules. The filings, part of the so-called Daubert motions due Monday, laid out the two teams’ views on why their opponents should not be able to call certain witnesses to the stand when Bankman-Fried goes on trial for fraud and conspiracy charges in a little over a month. The DOJ moved to discount all seven of the expert witnesses proposed by Bankman-Fried’s team, saying that some of the disclosures they filed did not detail their opinions, while others “are inappropriate subjects for expert testimony” or possibly confusing for a potential jury.Trending Posts... - Reddit Posts (Sample): [['u/genobeam', 'Will You Cash Out During the Next Bull Run?', 200, '2023-10-23 15:18', 'https://www.reddit.com/r/CryptoCurrency/comments/17ek7v3/will_you_cash_out_during_the_next_bull_run/', "The common wisdom in here seems to be DCA into bitcoin for safe returns. My question is when do you realize those returns? \n\nWhat pricepoint for bitcoin would you sell? I've seen estimates on here for 2x-10x as realistic bitcoin targets for the next bull run. \n\nWhat do you expect for the next crypto winter? Will prices return to where we are now? Will the average be higher? lower?\n\nI know this is all speculative, but in the past it seemed that a lot of people here were invested in bitcoin for the long long term. Now I'm getting the impression that more people want to realize their gains when possible, but I wanted to get a better feel for that.\n\n[View Poll](https://www.reddit.com/poll/17ek7v3)", 'https://www.reddit.com/r/CryptoCurrency/comments/17ek7v3/will_you_cash_out_during_the_next_bull_run/', '17ek7v3', [['u/IANvaderZIM', 10, '2023-10-23 17:25', 'https://www.reddit.com/r/CryptoCurrency/comments/17ek7v3/will_you_cash_out_during_the_next_bull_run/k646dw2/', 'Until rollercoaster low, at which point buy back in :)', '17ek7v3']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Brigid Riley\nTOKYO, Oct 24 (Reuters) - The dollar softened against a basket of currencies on Tuesday, mirroring a dip in Treasuries yields as investors awaited key U.S. economic data before the Federal Reserve\'s monetary policy meeting next week.\nThe dollar index last sat around 105.57, having lost over 0.5% in the previous session as U.S. Treasury yields tumbled.\nThe greenback found support last week after Fed Chair Jerome Powell said U.S. economic strength might warrant tighter financial conditions, which pushed the benchmark 10-year yield above 5% to its highest since July 2007.\nBitcoin returned the market spotlight with the virtual currency soaring on speculation that the United States could soon approve a bitcoin exchange-traded fund.\nMarket attention now turns to some of the last bits of U.S. economic data before the Fed\'s meeting on Oct. 31 - Nov. 1, with the flash purchasing managers\' index (PMI) out later on Tuesday and gross domestic product due on Thursday.\nThe PMI data could set the market expectations ahead of the GDP report, said Matt Simpson, senior market analyst at City Index.\n"If the data leans far enough one way it could prompt a strong dollar rally or breakdown with the Fed in a blackout period," he said, referring to the period before the policy meeting in which limits are placed on public communications from central bank officials.\nThe Fed is expected to hold rates at its meeting next week.\nThe European Central Bank is also expected to leave interest rates untouched at their meeting on Thursday, after raising its key interest rates 25 basis points in September.\nThe euro was mostly flat at $1.0665, holding gains against the dollar on Monday.\nMeanwhile, the dollar\'s retreat gave the battered yen some slight relief. The Japanese currency had hit the sensitive 150-level both on Friday and Monday and was last flat against the greenback at 149.77.\nTraders see the 150 threshold as a possible line-in-the-sand for Japanese authorities to intervene in the currency market.\nHowever, the data out of the United States this week could have the yen inching back into the danger zone if it comes in strong.\n"The yen will be particularly sensitive to hot U.S. data, especially if it causes Treasuries to blow through what\'s looking like a key resistance level of 5% or so," said Kyle Rodda, senior financial market analyst at Capital.com.\nIn cryptocurrency markets, bitcoin leapt as much as 14% to a 2-1/2 year high of $34,283.\n(Reporting by Brigid Riley. Editing by Sam Holmes)', 'By Brigid Riley TOKYO, Oct 24 (Reuters) - The dollar softened against a basket of currencies on Tuesday, mirroring a dip in Treasuries yields as investors awaited key U.S. economic data before the Federal Reserve\'s monetary policy meeting next week. The dollar index last sat around 105.57, having lost over 0.5% in the previous session as U.S. Treasury yields tumbled. The greenback found support last week after Fed Chair Jerome Powell said U.S. economic strength might warrant tighter financial conditions, which pushed the benchmark 10-year yield above 5% to its highest since July 2007. Bitcoin returned the market spotlight with the virtual currency soaring on speculation that the United States could soon approve a bitcoin exchange-traded fund. Market attention now turns to some of the last bits of U.S. economic data before the Fed\'s meeting on Oct. 31 - Nov. 1, with the flash purchasing managers\' index (PMI) out later on Tuesday and gross domestic product due on Thursday. The PMI data could set the market expectations ahead of the GDP report, said Matt Simpson, senior market analyst at City Index. "If the data leans far enough one way it could prompt a strong dollar rally or breakdown with the Fed in a blackout period," he said, referring to the period before the policy meeting in which limits are placed on public communications from central bank officials. The Fed is expected to hold rates at its meeting next week. The European Central Bank is also expected to leave interest rates untouched at their meeting on Thursday, after raising its key interest rates 25 basis points in September. The euro was mostly flat at $1.0665, holding gains against the dollar on Monday. Meanwhile, the dollar\'s retreat gave the battered yen some slight relief. The Japanese currency had hit the sensitive 150-level both on Friday and Monday and was last flat against the greenback at 149.77. Traders see the 150 threshold as a possible line-in-the-sand for Japanese authorities to intervene in the currency market. Story continues However, the data out of the United States this week could have the yen inching back into the danger zone if it comes in strong. "The yen will be particularly sensitive to hot U.S. data, especially if it causes Treasuries to blow through what\'s looking like a key resistance level of 5% or so," said Kyle Rodda, senior financial market analyst at Capital.com. In cryptocurrency markets, bitcoin leapt as much as 14% to a 2-1/2 year high of $34,283. (Reporting by Brigid Riley. Editing by Sam Holmes)', 'By Hannah Lang and Kanjyik Ghosh\n(Reuters) - Bitcoin soared 10% to 1-1/2 year highs on Monday, and crypto-linked stocks followed it higher as speculation about the possibility of a bitcoin exchange-traded fund drove enthusiasm about the sector and prompted short-sellers to quit positions.\nThe world\'s biggest cryptocurrency was last at $32,833 after trading as high as $34,283. Crypto-related shares such as exchange Coinbase Global, miner Marathon Digital bitcoin holder MicroStrategy rose sharply and were making further gains in after-hours U.S. trade.\nSmaller rival ether also surged 6%, hitting a two-month high and breaking above its 200-day moving average.\nAnticipation of a bitcoin exchange-traded fund (ETF) has grown after reports this month, including from Reuters, that the U.S. Securities and Exchange Commission won\'t appeal a ruling it was wrong to reject an application from Grayscale Investments.\nThe prospect of a spot bitcoin ETF is seen driving broader flows into the cryptocurrency, as it would allow a wider set of investors to buy exposure without directly trading it.\n"The market is doing its best to front-run the approval of a physical BTC ETF, with consensus being that it will happen some time in the next three months, if not sooner," said Matthew Dibb, CIO at crypto asset manager Astronaut Capital.\nBlackRock, VanEck, WisdomTree, Fidelity, Bitwise and Invesco all have pending bitcoin ETF applications. Blackrock\'s iShares ETF is on a list of ETFs on the website of clearing house DTCC, driving the most recent round of speculation that its approval is imminent.\nIt was not clear when or why the ETF was on the list. DTCC and BlackRock did not immediately respond to requests for comment by phone and email. Last week BlackRock denied an erroneous report that the ETF was approved and sources close to the SEC confirmed the application was still pending.\nThe SEC did not immediately respond to a request for comment emailed after business hours on Monday.\nDibb also pointed to data on cyrptocurrency derivatives analytics platform Coinglass, which showed heavy liquidation of bitcoin short positions in the past 24 hours.\nThe move also comes as concern ripples through the broader markets about the risk of Israel\'s war with the Islamist group Hamas becoming a wider regional conflict.\n"We have seen recent geopolitical tensions drive demand for scarce assets, including both physical gold and bitcoin, which many investors view as digital gold," said Zach Pandl, managing director of research at Grayscale Investments, a crypto asset manager.\n(This story has been corrected to fix the milestone to 1-1/2 year instead of 2-1/2 year in the headline and paragraph 1)\n(Reporting by Hannah Lang in Washington, Kanjyik Ghosh in Bengaluru, Tom Westbrook in Singapore and Brigid Riley in Tokyo; Editing by Krishna Chandra Eluri, Jonathan Oatis & Shri Navaratnam)', 'By Hannah Lang and Kanjyik Ghosh\n(Reuters) - Bitcoin soared 10% to 1-1/2 year highs on Monday, and crypto-linked stocks followed it higher as speculation about the possibility of a bitcoin exchange-traded fund drove enthusiasm about the sector and prompted short-sellers to quit positions.\nThe world\'s biggest cryptocurrency was last at $32,833 after trading as high as $34,283. Crypto-related shares such as exchange Coinbase Global, miner Marathon Digital bitcoin holder MicroStrategy rose sharply and were making further gains in after-hours U.S. trade.\nSmaller rival ether also surged 6%, hitting a two-month high and breaking above its 200-day moving average.\nAnticipation of a bitcoin exchange-traded fund (ETF) has grown after reports this month, including from Reuters, that the U.S. Securities and Exchange Commission won\'t appeal a ruling it was wrong to reject an application from Grayscale Investments.\nThe prospect of a spot bitcoin ETF is seen driving broader flows into the cryptocurrency, as it would allow a wider set of investors to buy exposure without directly trading it.\n"The market is doing its best to front-run the approval of a physical BTC ETF, with consensus being that it will happen some time in the next three months, if not sooner," said Matthew Dibb, CIO at crypto asset manager Astronaut Capital.\nBlackRock, VanEck, WisdomTree, Fidelity, Bitwise and Invesco all have pending bitcoin ETF applications. Blackrock\'s iShares ETF is on a list of ETFs on the website of clearing house DTCC, driving the most recent round of speculation that its approval is imminent.\nIt was not clear when or why the ETF was on the list. DTCC and BlackRock did not immediately respond to requests for comment by phone and email. Last week BlackRock denied an erroneous report that the ETF was approved and sources close to the SEC confirmed the application was still pending.\nThe SEC did not immediately respond to a request for comment emailed after business hours on Monda Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $666,405,231,062 - Hash Rate: 382265308.7900461 - Transaction Count: 373854.0 - Unique Addresses: 755204.0 Social & AI Sentiment: - Fear & Greed Index: 0.66 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Back to the desk from a late summer break, it’s a good time for a quick year-to-date performance scan across the digital asset markets (see Figure 1 below). Overall, bitcoin ( BTC ) has clearly been setting the mood for 2023, as proxied by the CoinDesk Markets Index (CMI), and it feels like the majority of broad crypto market-moving headlines over the past few months can be placed within the bucket of the ongoing saga towards a bitcoin spot ETF. Figure 1: Digital asset market performance in 2023. Source: coindeskmarkets.com . You’re reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday. To better understand the context behind the crypto market’s focus on a spot ETF, it’s useful to draw some useful historical parallels to the creation of gold ETFs and their impact on the gold market. Like gold ETFs, a bitcoin ETF would make it significantly easier for a broader range of investors to gain exposure to bitcoin. It eliminates the need for investors to directly buy and store bitcoin. While this difficulty did not discourage early adopters, it can be a complex and daunting process for many (i.e., imagine walking a grandparent through the cold storage process). Fun fact: Before the first gold ETF was launched, investors could invest in clunkier closed-end funds, gold companies like miners or lug around the actual shiny metal. With an ETF, investor demand for gold increased. A bitcoin spot ETF could do likewise, leading to a surge in buying by retail investors who aren’t currently in the Grayscale Bitcoin Trust (GBTC) or one of the bitcoin futures ETFs like the one from ProShares (BITO). Related to the increased accessibility would be an increase in liquidity and trading volume in the bitcoin market. Increased liquidity and further diversifying the asset’s investor base could help stabilize prices and reduce price volatility caused by illiquid market conditions. This could also shift the investor base from tech-savvy retail investors and crypto enthusiasts to more mainstream, longer-term real asset investors looking for diversification from fiat currencies. The launch of a bitcoin ETF could catalyze further institutional adoption of bitcoin, as it would delegate the acquisition and storage of the digital asset to qualified custodians. An ETF structure also provides a more familiar and regulated investment vehicle that institutional investors are comfortable using, which could lead to more hedge funds, asset managers and pension funds allocating capital to bitcoin. Story continues Just as the gold ETF made it easier for investors to add additional diversification to their portfolios, a bitcoin ETF could serve a similar purpose. Investors looking to diversify their portfolios may allocate some of their assets to bitcoin through the ETF, viewing it as a store of value or an uncorrelated asset class. This addition of bitcoin to a greater number of investor portfolios would likely be small in percentage terms due to the relatively young and volatile nature of the asset class, but it would still result in a meaningful flow of capital into the cryptocurrency asset class. In summary, the introduction of a bitcoin ETF could be seen as a sign of the market's maturation. It signals that bitcoin is evolving from a niche asset class to one accepted and regulated within the traditional financial system. Takeaways From CoinDesk Deputy Editor-in-Chief Nick Baker , here is some news worth reading: SBF’S PARENTS: It’s no secret that Sam Bankman-Fried’s personal inner circle overlapped with this business inner circle. CoinDesk very much addressed that theme last year when it reported that SBF lived with some of his top executives, including ex-girlfriend Caroline Ellison, who ran his trading shop Alameda Research. And it’s been long-discussed how significant a role his parents played. The folks restructuring FTX just asserted they played a large role and sued them . Within the case is an eye-catching scene involving SBF’s dad acting exasperated with his son and saying he’s going to pull his mom into the situation. It wasn’t a normal family squabble over a curfew or whatever. It was Joe Bankman being angry that SBF was only paying his dad $200,000 a year, not $1 million. He wrote: “Gee, Sam I don’t know what to say here … Putting [your mom] on this.” Everyone who has parents feels this one. Relatedly, here’s CoinDesk’s Daniel Kuhn arguing SBF is blaming everyone but himself for FTX’s spectacular failure. MORE TO COME: U.S. officials going after Coinbase and Binance earlier this year was scary enough for everybody in crypto. But CoinDesk’s Jesse Hamilton reported this week on foreboding new comments from the head of the Crypto Assets and Cyber Unit at the Securities and Exchange Commission. In Hamilton’s words , David Hirsch said the SEC “isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein” as Coinbase and Binance. To state the obvious: This is not the sort of regulatory clarity crypto folks were hoping for. SHARP DROP: As Binance continues to face scrutiny from regulators and maybe law enforcement officials, its business is shrinking. Its seven-day average trading volume has dwindled by 57% since the beginning of September. And this appears to be specific to Binance, as the data from K33 Research shows volumes on other exchanges have been mostly flat. “The ongoing [U.S. Department of Justice] and SEC cases versus Binance may have dissuaded market makers from trading on Binance, explaining parts of the decline,” K33 Research senior analyst Vetle Lunde said. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Rae Wee SINGAPORE, Oct 25 (Reuters) - The dollar was on the front foot on Wednesday, drawing support from yet another resilient U.S. economic data reading, while the euro struggled to make headway on the back of a darkening growth outlook in the bloc. The Australian dollar rose more than 0.5% in an initial knee-jerk reaction following a higher-than-expected inflation print in Australia on Wednesday. U.S. business output ticked higher in October as the manufacturing sector pulled out of a five-month contraction, data on Tuesday showed, while separate data released the same day showed the euro zone\'s business activity in contrast took a surprise turn for the worse this month. Against the dollar, the euro was last 0.05% higher at $1.0595, having declined 0.75% on Tuesday. The single currency\'s slide lifted the dollar index and it last steadied at 106.23, away from a one-month low of 105.35 hit in the previous session. The euro is the most heavily weighted currency in the dollar index, which measures the greenback against a basket of six peers. "The euro zone economy is kind of entering a recession, so this economic playout stiffens expectations that the European Central Bank might have (reached a) peak in interest rates," said Tina Teng, market analyst at CMC Markets. "By contrast, the U.S. Federal Reserve could continue to raise interest rates just because the economic data looks strong." The buoyant dollar kept the yen pinned near the closely watched 150 threshold, with the Japanese currency last at 149.86 per dollar, having mostly traded sideways over the past month and keeping traders on their toes for any signs of intervention by Japanese authorities. Pressure is mounting on the Bank of Japan to change its bond yield control as global interest rates rise. A hike to an existing yield cap set just three months ago is being discussed as a possibility in the run up to next week\'s policy meeting, sources said earlier this week. Story continues Elsewhere, sterling rose 0.04% to $1.2165, while the New Zealand dollar gained 0.08% to $0.5849. The Australian dollar was last 0.35% higher at $0.6378. "The (Reserve Bank of Australia\'s) November meeting is likely to be live, and the cash rate to be hiked to 4.35%. And I suspect it will be a hawkish hike," said Matt Simpson, senior market analyst at City Index. In cryptocurrencies, Bitcoin was last 0.28% lower at $33,822, holding near a roughly 18-month high hit on Tuesday. The world\'s largest cryptocurrency has been on a tear this week, having surged 10% on Monday, fuelled by mounting speculation that an exchange-traded bitcoin fund is imminent. "A growing spot ETF market would invariably mean a growing market across most of the cryptocurrency landscape," said John Glover, chief investment officer at crypto lender Ledn. "If Bitcoin is being purchased for ETFs, the price will rise ... there is a very real possibility that the launch of one or more spot ETFs could lead to the next major bull run in the entire cryptocurrency ecosystem." (Reporting by Rae Wee; Editing by Lincoln Feast.)', 'By Rae Wee\nSINGAPORE, Oct 25 (Reuters) - The dollar was on the front foot on Wednesday, drawing support from yet another resilient U.S. economic data reading, while the euro struggled to make headway on the back of a darkening growth outlook in the bloc.\nThe Australian dollar rose more than 0.5% in an initial knee-jerk reaction following a higher-than-expected inflation print in Australia on Wednesday.\nU.S. business output ticked higher in October as the manufacturing sector pulled out of a five-month contraction, data on Tuesday showed, while separate data released the same day showed the euro zone\'s business activity in contrast took a surprise turn for the worse this month.\nAgainst the dollar, the euro was last 0.05% higher at $1.0595, having declined 0.75% on Tuesday.\nThe single currency\'s slide lifted the dollar index and it last steadied at 106.23, away from a one-month low of 105.35 hit in the previous session.\nThe euro is the most heavily weighted currency in the dollar index, which measures the greenback against a basket of six peers.\n"The euro zone economy is kind of entering a recession, so this economic playout stiffens expectations that the European Central Bank might have (reached a) peak in interest rates," said Tina Teng, market analyst at CMC Markets.\n"By contrast, the U.S. Federal Reserve could continue to raise interest rates just because the economic data looks strong."\nThe buoyant dollar kept the yen pinned near the closely watched 150 threshold, with the Japanese currency last at 149.86 per dollar, having mostly traded sideways over the past month and keeping traders on their toes for any signs of intervention by Japanese authorities.\nPressure is mounting on the Bank of Japan to change its bond yield control as global interest rates rise. A hike to an existing yield cap set just three months ago is being discussed as a possibility in the run up to next week\'s policy meeting, sources said earlier this week.\nElsewhere, sterling rose 0.04% to $1.2165, while the New Zealand dollar gained 0.08% to $0.5849.\nThe Australian dollar was last 0.35% higher at $0.6378.\n"The (Reserve Bank of Australia\'s) November meeting is likely to be live, and the cash rate to be hiked to 4.35%. And I suspect it will be a hawkish hike," said Matt Simpson, senior market analyst at City Index.\nIn cryptocurrencies, Bitcoin was last 0.28% lower at $33,822, holding near a roughly 18-month high hit on Tuesday.\nThe world\'s largest cryptocurrency has been on a tear this week, having surged 10% on Monday, fuelled by mounting speculation that an exchange-traded bitcoin fund is imminent.\n"A growing spot ETF market would invariably mean a growing market across most of the cryptocurrency landscape," said John Glover, chief investment officer at crypto lender Ledn.\n"If Bitcoin is being purchased for ETFs, the price will rise ... there is a very real possibility that the launch of one or more spot ETFs could lead to the next major bull run in the entire cryptocurrency ecosystem."\n(Reporting by Rae Wee; Editing by Lincoln Feast.)', 'By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar rose to a near 1-week high against a basket of currencies on Wednesday, as investors\' appetite for riskier currencies faded following lacklustre corporate results that raised worries over the economic outlook, and as Treasury yields rose. Risk sentiment took a hit as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower, pressured by rising U.S. Treasury yields. The dollar index, which measures its strength against a basket of six rivals, was 0.3% higher at 106.5, its highest level in nearly a week. "I think it is mainly a risk backdrop story," said Shaun Osborne, chief foreign exchange strategist at Scotiabank in Toronto. "Weak risk appetite seems to be driving broad USD gains. Benchmark U.S. 10-year Treasury yields inched higher, resuming a move toward a 16-year peak of 5.0% briefly breached on Monday. The 10-year yield was last at 4.9506%. Global financial markets have been gripped by a surge in U.S. bond yields, which helped drive the dollar index to its highest in almost a year earlier this month. Analysts, however, see limited room for yields and the dollar to extend gains. "My inclination is to look at these gains as an opportunity to fade some of the dollar strength against certain currencies," Scotiabank\'s Osborne said. Data on Wednesday showed sales of new U.S. single-family homes surged to a 19-month high in September as the annual median house price dropped by the most since 2009 amid discounts offered by builders to woo buyers, but mortgage rates flirting with 8% could curb demand. Elsewhere, the Australian dollar jumped on Wednesday after a surprisingly high reading for inflation stoked speculation about a further hike in interest rates and slugged bond futures. But it erased all those gains to trade down 0.74% on the day. [AUD/] "The interesting thing about Australia is that a lot of other central banks are in a very similar position. They have paused, the market\'s hoping that will be it, but everyone is on tenterhooks hoping that inflation will remain well behaved, and in the case of Australia it has not," said Jane Foley, head of FX strategy at Rabobank. Story continues The Canadian dollar weakened against its U.S. counterpart after the Bank of Canada held its key overnight rate at 5.0%, as expected, and forecast weak growth while leaving the door open to more rate hikes to tame inflation that could stay above target for another two years. The U.S. dollar was last up 0.41% against the Canadian currency. The dollar also kept the yen pinned near the closely watched 150 threshold, with the Japanese currency last at 149.99 per dollar, with traders alert for any signs of intervention by Japanese authorities. Pressure is mounting on the Bank of Japan to change its bond yield control as global interest rates rise. A hike to an existing yield cap set just three months ago is being discussed as a possibility in the run-up to next week\'s policy meeting, Reuters cited sources as saying this week. "There is a decent chance there will be a another tweak to yield curve control," said Foley. "If we don\'t see that, it is quite possible that we will see the other side of 150 quite soon." In cryptocurrencies, Bitcoin was last up 1.83% at $34,539, holding near a roughly 18-month high hit on Tuesday. The world\'s largest cryptocurrency is up about 15% for the week, fuelled by speculation that an exchange-traded bitcoin fund is imminent. (Reporting by Saqib Iqbal Ahmed; Additional reporting by Rae Wee in Singapore and Alun John in London; Editing by Simon Cameron-Moore, Mark Potter, Mike Harrison and Diane Craft)', '* Hang Seng up 2% on China bond issue and Huijin signal * AUD hits $0.64 as inflation surprise follows hawkish Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $667,173,148,200 - Hash Rate: 436874638.6171956 - Transaction Count: 476549.0 - Unique Addresses: 812853.0 Social & AI Sentiment: - Fear & Greed Index: 0.72 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This article originally appeared inFirst Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day. The U.S. Securities and Exchange Commission (SEC) mustreviewits rejection of Grayscale Investments' attempt to convert its Grayscale Bitcoin Trust (GBTC) into an ETF, a federal appeals court ruled on Tuesday.The legal victory potentially opens the door for a spot bitcoin ETF in the U.S. Advocates have long argued that allowing this type of product would enable a greater swath of the general public to invest in bitcoin without having to go through the trouble of buying it directly or deal with potential issues like their custody providers collapsing. The SEC has disapproved every such ETF application it's reviewed to date, though a new swath of applicants are now hoping for success. Circuit Judge Neomi Rao, writing the D.C. Circuit Court of Appeals' opinion, said that federal agencies are required to "treat like cases alike." The SEC did not explain why it was treating these products differently, she added, making the Grayscale denial "arbitrary and capricious.” Bitcoin (BTC)gainednearly 8%, topping $28,000 at one point on Tuesday afternoon after afederal appeals court ruledthat the SEC must review its rejection of Grayscale Investments' attempt to convert its GBTC into an ETF.As has been typical with such rallies for many months, the crypto quickly gave back a chunk of those gains, with bitcoin trading just under $27,400 at press time, still up more than 5% over the past 24 hours. GBTC also saw itsbusiest trading sessionin 14 months, with nearly 20 million shares changing hands through the day, the most since the June 2022 crypto market crash, according toYahoo data. The share price surged 18% to almost $21, the highest since bitcoin hit $31,000 in mid-July while the fund’sdiscountto net asset value (NAV)narrowedto as low as 15%, a level not seensince December 2021. Other movers included bitcoin cash (BCH), which has surged 15% over the last 24 hours.Stacks(STX), a bitcoin layer 2 protocol, was also a top gainer following the news, gaining 20% on the day. DCG, the parent company of Grayscale, also owns CoinDesk. A tentative dealstruckbetween defunct lender Genesis Global Capital (GGC) and parent company Digital Currency Group (DCG) faces opposition from a group of creditors who described in aTuesday filingthe treatment of over a billion dollars in outstanding loans as “wholly insufficient.” Genesis' lending arm GGCfiled for bankruptcy in Januaryafter a double whammy from the collapse of hedge fund Three Arrows Capital and crypto exchange FTX. The wind-up has been delayed for months by talks over the contribution that DCG should make. An in-principle dealannounced by Genesis on Tuesdaysaw DCG – which is also CoinDesk’s parent company – agreeing to a series of partial repayments to satisfy liabilities of $630 million in unsecured loans due in May 2023 and $1.1 billion due in 2032.... - Reddit Posts (Sample): [['u/TaterTower', 'Just hit 0.1 BTC yesterday', 806, '2023-10-25 10:22', 'https://www.reddit.com/r/Bitcoin/comments/17fzzff/just_hit_01_btc_yesterday/', "As an 18 year old stacking sats wasn't easy, but im proud to say that yesterday i finally hit 0.1 Btc. Lets see where this takes us!", 'https://www.reddit.com/r/Bitcoin/comments/17fzzff/just_hit_01_btc_yesterday/', '17fzzff', [['u/Some-Pumpkin2358', 41, '2023-10-25 16:04', 'https://www.reddit.com/r/Bitcoin/comments/17fzzff/just_hit_01_btc_yesterday/k6e8ph9/', "i'm from poor country +rn unemployed so only have 130$ worth of btc :/ Age 21(very dissapointed in myself)", '17fzzff']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Participants Adam Minick; Investor Contact; CME Group Inc. Derek Sammann; Senior MD and Global Head of Commodities, Options Products & International Markets; CME Group Inc. Julie Winkler; Senior MD & Chief Commercial Officer; CME Group Inc. Lynne Fitzpatrick; CFO; CME Group Inc. Suzanne Sprague; Senior MD and Global Head of Clearing & Post-Trade Services; CME Group Inc. Terrence A. Duffy; Chairman & CEO; CME Group Inc. Tim McCourt; Senior MD and Global Head of Financial & OTC Products; CME Group Inc. Alexander Blostein; Lead Capital Markets Analyst; Goldman Sachs Group, Inc., Research Division Alexander Kramm; Executive Director and Equity Research Analyst of Exchanges, Ebrokers; UBS Investment Bank, Research Division Andrew Bond; Senior Analyst; Rosenblatt Securities Inc., Research Division Benjamin Elliot Budish; Research Analyst; Barclays Bank PLC, Research Division Brian Bertram Bedell; Director in Equity Research; Deutsche Bank AG, Research Division Christopher John Allen; MD; Citigroup Inc., Research Division Craig William Siegenthaler; MD & Head of the North American Asset Managers, Brokers & Exchanges Team; BofA Securities, Research Division Daniel Thomas Fannon; Senior Equity Research Analyst; Jefferies LLC, Research Division Elias Noah Abboud; Research Analyst; BofA Securities, Research Division Kenneth Brooks Worthington; MD; JPMorgan Chase & Co, Research Division Kyle Kenneth Voigt; MD; Keefe, Bruyette, & Woods, Inc., Research Division Michael J. Cyprys; Executive Director and Senior Research Analyst; Morgan Stanley, Research Division Owen Lau; Associate; Oppenheimer & Co. Inc., Research Division Patrick Malcolm Moley; Research Analyst; Piper Sandler & Co., Research Division Presentation Operator Greetings, and welcome to the CME Group Third Quarter 2023 Earnings Call. (Operator Instructions) I would now like to turn the conference over to Adam Minick. Please go ahead. Adam Minick Good morning. I hope you\'re all doing well today. We will be discussing CME Group\'s third quarter 2023 financial results. I\'ll start with the safe harbor language, then I\'ll turn it over to Terry. Statements made on this call and in the other reference documents on our website that are not historical facts are forward-looking statements. These statements are not guarantees of future performance. They involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any statement. Detailed information about factors that may affect our performance can be found in the filings with the SEC, which are on our website. Lastly, on the final page of the earnings release, you will see a reconciliation between GAAP and non-GAAP measures. With that, I\'ll turn the call over to Terry. Story continues Terrence A. Duffy Thanks, Adam, and thank you all for joining us this morning. We released our executive commentary earlier today, which provides details on the third quarter of 2023. I\'ll make a few brief comments on the quarter and current outlook, and Lynne will summarize our financial results. In addition to Lynne, we have other members of our management team present to answer questions after the prepared remarks. Turning to the most recent quarter. Average daily volume of 22.3 million contracts was less than 1% off the record Q3 high set in Q3 2022, while our revenue grew 9% to $1.34 billion, which is the highest Q3 revenue in CME Group\'s history. As we\'ve mentioned throughout this year, we are operating in an environment that unquestionably requires risk management. With so much uncertainty in the world we live in, we\'re continuing to work closely with our clients to help them navigate uncertainty and manage their risks. This is particularly true in the interest rate markets today. We see divergent market views around inflation, unemployment, monetary policy and ongoing geopolitical tensions, all impacting future interest rate expectations. Regardless of whether rates rise, fall or hold steady, the shape of the yield curve and interest rate views continue to shift, and our customers need to manage that risk. As a result, we have continued to see growth on top of the record year in 2022 for our interest rate business. This was our highest Q3 for our interest rates complex, up 6% from the same quarter last year. We saw particular strength in the treasury complex, which was up 16% in the quarter and is off to a strong start in Q4 as well. Completing the successful migration of Eurodollars to SOFR, we continue to list other products to complement our interest rate complex today. Our European short-term rate, or ESTR contracts, traded a record 10,000 contracts per day in September. Our newly listed treasury bill futures launched on October 2, and we have traded over 15,000 contracts in the first 3 weeks. This is one of the most successful launches of a [rates] product ever. Our broad product offering and focus on capital efficiencies, such as the enhanced cost-margining agreement with DTCC going live in January of 2024, continue to enhance the value proposition for our customers using our products to manage their interest rate exposure. On the commodity side, third quarter 2023 volume was up 15% in total and included the highest-ever Q3 volume for our agricultural products. Our energy complex also performed well, with volume increasing 16% from last year. We believe the current environment for this asset class will continue to bring new clients as well as existing ones to manage their exposure in our global benchmark. We believe the strong macro environment, combined with our diverse set of asset classes and strategic execution across our growth initiatives, positions us well for continued growth in 2023 and beyond. With that, I\'ll turn it over to Lynne to cover the third quarter financial results. Lynne Fitzpatrick Thanks, Terry. During the third quarter, CME generated $1.34 billion in revenue, up 9% compared with a strong third quarter of last year. Clearing and transaction fees and market data revenue each grew 9% versus Q3 \'22. Expenses continue to be very carefully managed, and on an adjusted basis, were $448 million for the quarter and $369 million excluding license fees, both lower than the second quarter this year. This quarter, our investment in the cloud migration was approximately $13 million. Our adjusted operating margin for the quarter expanded to 66.5%, up approximately 240 basis points compared with the same period last year. CME Group had an adjusted effective tax rate of 22.8%, which resulted in net income of $818 million and adjusted diluted earnings per share of $2.25, each up 14% from the third quarter last year. Of the $110 million increase in revenues versus last year, we were able to drive 90% to the bottom line with adjusted net income up $99 million. As a result of the strong expense discipline throughout the firm, we are lowering our core expense guidance, excluding license fees, to $1.475 billion, a $15 million decrease from our original guidance of $1.49 billion. We are maintaining our guidance of $60 million for our cloud migration expense for a total expense guidance of $1.535 billion excluding license fees. We continue to manage our capital expenditures effectively with an eye towards our move to the cloud. As a result, we are lowering our CapEx guidance [to] $85 million. For the quarter, our capital expenditures were approximately $18 million. CME paid out $2.8 billion of dividends so far this year, and cash at the end of the quarter was approximately $2.5 billion. Our strong financial results this quarter continued to build on the strength achieved in the first half of the year. This quarter, we delivered our ninth consecutive quarter of double-digit adjusted earnings growth. Our global benchmarks, data and strong focus on innovation and execution continue to address the needs of our clients and deliver results for our shareholders. Please refer to the last page of our executive commentary for additional financial highlights and details. We\'d now like to open up the call for your questions. (Operator Instructions) Thank you. Question and Answer Session Operator (Operator Instructions) Our first question is from the line of Dan Fannon with Jefferies. Daniel Thomas Fannon Terry, a question for you on M&A. You\'ve been vocal about your financial capacity to do additional transactions. I was hoping you could talk about kind of the scope and what you\'re looking at. And also, in the context of the current environment, why now? Have valuations come in? Are your competitors distracted with other deals or other tasks? So curious about the current backdrop of what you\'re looking -- what you\'re thinking about and really the scope and what that may look like. Terrence A. Duffy Yes. Thanks, Dan. I think that\'s the reason why people sometimes need to read the whole story and not just the headline. Because if you read the whole story, I haven\'t said anything different than what I\'ve said for several years, is I was only stating facts to the point where our capacity is much greater than everybody else\'s because we\'ve stayed very disciplined and very focused as it relates to our M&A transactions that we\'ve done. I was only referring to our EBITDA being lower than 1x compared to some of our competitors who were at multiples of that. When asked the question, if deals are to be offered, I made the reference to the comment that where else would you want to shop something but the CME? It doesn\'t mean that CME is interested, but that\'s all I was referencing. So my appetite for this hasn\'t changed a bit. We have not looked at anything that I -- to a point where I said, "Okay, we want to do a deal." I was only referencing what I\'ve been saying for a number of years. And unfortunately, the headlines say what they\'re going to say. So there\'s not much more I can say about it than that, Dan. But ag Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $677,215,317,262 - Hash Rate: 455077748.5595787 - Transaction Count: 431256.0 - Unique Addresses: 778594.0 Social & AI Sentiment: - Fear & Greed Index: 0.71 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) ended the first U.S. trading day of the week in the green, but it gave up some gains as the U.S. 10-year yield spiked to its highest level in more than 16 years. In the last 24 hours, the world's largest digital asset dipped into the red and is down by 1.57%. Meanwhile, the much-hyped ether futures exchange-traded funds (ETFs) failed to capture the interest of investors, with low volumes reported on their first day of trading. Bitcoin is set to end the U.S. trading day just below $28,000, up around 3%,according to CoinDesk Indices data. Meanwhile,ether is changing handsat approximately $1670, down modestly for the session. TheCoinDesk Market Index (CMI)is higher by 1.6% over the past 24 hours. In the equities market, stocks were mixed Monday after U.S. lawmakers over the weekend prevented a government shutdown with a stop-gap bill. Interest rates continued to push higher, with the U.S. 10-year Treasury yield soaring another 11 basis points to 4.69%. The yield rose after unexpectedly strong manufacturing data underlined the resilience of the U.S. economy, with the ISM figures coming in at 49 versus a forecasted 47.7, suggesting that more rate hikes could be in the cards. For crypto, all this is happening as the industry enters October, historically one of its strongest months. The crypto market, especially bitcoin, has seen a sizable rally recently, influenced by factors like the SEC's ether futures ETFs approvals and other government decisions, QCP Capital wrote in a recent note, highlighting that bitcoin has gained 15% in the last two weeks. However, QCP has concerns regarding the rally's sustainability, with shifts in demand and historical data suggesting potential market downturns. “We would even go further to say a futures-only ETF is arguably detrimental to spot price - as it potentially directs demand away from the spot market into a synthetic market,” they wrote. QCP says it is taking advantage of this rally to buy the downside hedges, expecting resistance to hold around $29,000-$30,000. As far as the recently launched ether futures ETFs,volumes remained low throughout the trading day. "Even if these ETFs come out, and they don't massively drive price changes, that's okay. That's what assets are supposed to do. They're not supposed to be all over the room," Dexterity Capital Managing Partner Michael Safai said on a recent appearance on CoinDesk TV. "ETF issuers don't know the markets like traders do," he continued. "Their optimism is a bit misplaced; anyone who wants bitcoin or ether surely has it.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Investors may want to start clearing out the junk as we head into New Year 2024. In fact, i f the stocks listed below are held, consider selling them. If not, be warned. Many of the names on this list of stocks to avoid aren’t worth buying. Stocks to Avoid: Coinbase (COIN) The Coinbase (COIN stock) logo on a smartphone screen with a BTC token. Crypto winter is setting in. Source: Primakov / Shutterstock.com Coinbase (NASDAQ: COIN ) has a well-known brand, offers easy access to crypto markets, and has provided very strong returns to investors in 2023. Despite that, the stock is a sell. Fundamentally, Coinbase is heading in the wrong direction. Consumer and institutional trading volumes fell precipitously at Coinbase in the second quarter. That led to a large decline, roughly 50%, in transaction revenue for Coinbase. The firm made up some of the difference with interest income but it wasn’t enough, and revenues suffered a 17% decline . Those are just simple facts but they’re powerful nonetheless. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Beyond that, Coinbase is also facing a lawsuit from the US Securities and Exchange Commission (SEC). That lawsuit will argue whether cryptos are securities as the SEC digs in its heels and attempts to bring crypto under its purview. The lawsuit is only going to serve to hold prices lower as it looms like a black cloud sowing doubt about crypto’s position.\xa0 Additionally, Coinbase continues to lose a lot of money, more than $97 million in Q2. AMC (AMC) The AMC Empire 25 Cinemas in Times Square in New York Source: rblfmr / Shutterstock.com AMC (NYSE: AMC ) is and has been a dangerous stock to invest in. The company continuously attempts to market the silver lining in what has consistently been a gray cloud. Recently, that’s materialized as a push to impress investors that Taylor Swift’s Era’s Tour film could be its savior. It’s clear that concert movies like her’s and Beyonce’s have a broad appeal that sells. However, AMC isn’t going to right its ship on either or both. It is simply too far gone. The firm and its stock have been trading on borrowed time for a while. Back in April, Moody’s downgraded AMC’s credit rating to ‘junk’. AMC posted a net loss of $186 million in H1 . Somehow, the company wants investors to believe that it is stronger than the seismic shifts affecting its business. It isn’t. Streaming and other factors are simply too powerful. Story continues AMC’s debt is rising and the company has diluted its stock as well. Don’t get caught chasing its supposed strengths. Stocks to Avoid: United Airlines (UAL) The front view of a passenger airplane with a sunset in the background. Airline stocks Source: Shutterstock United Airlines (NASDAQ: UAL ) perfectly exemplifies one of the biggest issues affecting airline stocks : profitability. Margins are generally tight even in the best of times. Analysts keep a keen eye trained on earnings in particular. It serves as a barometer of overall health which is exactly why UAL shares are headed down for the next few weeks. While United Airlines showed strong results on booming Atlantic and Pacific travel in Q3, it’s the fourth quarter outlook that has investors worried. United offered weak guidance that is roughly $0.30 to $0.60 below the $2.09 analysts had in mind. The news is troublesome for the entire industry and factors in externalities that could not have been anticipated. The conflict in Israel and Palestine is taking its toll as Tel Aviv flights are being affected. Rising fuel costs factor in as well. The result is that airline stocks again appear troubled which follows a strong period of surging, pent-up travel demand. Mullen (MULN) Image of a red Mullen car. Source: betto rodrigues / Shutterstock.com Mullen (NASDAQ: MULN ) stock is truly circling the drain. For the past few months the company has been fighting to simply keep its shares listed on the Nasdaq . That’s a crystal clear sign that the firm is in deep trouble and very dangerous for investors overall. The thrust of news is entirely up to one’s interpretation. It’s positive in that Mullen may be able to ward off an imminent delisting by bringing its case before the panel. Yet, it’s also a screaming indication of how bad things have gotten. In any case, Mullen just diluted the value of its shares again by filing a preliminary proxy statement of a reverse stock split. It’s a textbook example of how to further erode shareholder value when trying to do the opposite. Stocks to Avoid: Beyond Meat (BYND) Person holding mobile phone with logo of American meat substitute company Beyond Meat Inc. (BYND) on screen in front of web page. Focus on phone display. Unmodified photo. Source: T. Schneider / Shutterstock.com Beyond Meat’s (NASDAQ: BYND ) products have not lived up to the hype. The simple truth is that consumers aren’t going to replace beef burgers with plant-based burgers. That’s the narrative you have to pull from Beyond Meat’s Q2 earnings report. Sales fell 30.5% to $102.1 million during the period. That led to a $53.5 million net loss. Optimistic investors can build a narrative that favors those fundamentals but it wouldn’t be wise. In the earnings report, Beyond Meat characterized the slowdown as reflective of ‘weak category demand’. Again, plant-based meat simply hasn’t lived up to the hype. My take remains the same: Plants are delicious and so is meat. Trying to make plants into meat simply doesn’t work. It lacks mass appeal and more importantly, the business model produces steep losses on a sustained basis. BYND shares dipped below $10 in early September and are headed toward $6. Stay away. KeyCorp (KEY) bank customer sliding money to teller at bank desk. promising bank stocks Source: Syda Productions / Shutterstock.com KeyCorp (NYSE: KEY ) sings a siren song with a dividend yielding 8.1%. Bank stocks are considered stable generally notwithstanding trouble earlier this year. And a high-yield dividend makes KEY shares appear to be a slam dunk at first glance. Upon further inspection, the truth becomes clearer. The yield is as high as it is because share prices have fallen so dramatically. Those prices have fallen because income has more than halved at the bank in 2023. That has pushed prices from $18 to $10. Meanwhile, dividend payouts have remained at $0.205 per quarter pushing yields higher due to their calculation method. Regional banks were deeply shaken earlier in the year. Investors are still trying to figure out what to make of them late in 2023. I can’t say I have a clear answer but intuition tells me that KeyCorp is in trouble and that its dividend will only draw investors in and ultimately hurt them. Stocks to Avoid: GameStop (GME) GameStop (GME) sign on side of building in blue early morning light Source: shutterstock.com/EchoVisuals It feels like the tide has turned on GameStop (NYSE: GME ). Even the appointment of Ryan Cohen hasn’t changed overall negative sentiment surrounding the firm. His appointment hasn’t had the effect intended and shares have continued to fall. The company’s push into eCommerce, at Cohen’s behest as a major shareholder, has fallen flat. The company burned through a series of high-profile eCommerce executives who failed to stanch the bleeding. Now GameStop is back to square one: Traditional disc-based game sales combined with steep cost-cutting measures as GameStop enacts the strategy it abandoned not long ago. No one viewing GameStop believes that the company is now in a better place than it was at any point in the last few years. There’s not much hope left logically. Digital downloads dominate the gaming industry. GameStop couldn’t adapt successfully. It tried to branch out into hot topics including NFTs to no avail.\xa0 Nothing has helped and it’s back to square one only with the additional problems it’s picked up in the interim. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Doomed Stocks With Nowhere to Go But DownÂ appeared first on InvestorPlace .', "Singapore --News Direct-- BingX SINGAPORE - Media OutReach - 27 October 2023 - BingX, a leading cryptocurrency exchange, is excited to announce the release of the highly anticipated Version 2 of its 4th Quarter 2023 Crypto Report. This updated report offers an in-depth examination of cryptocurrency price analysis and spotlights high value projects, building upon the success of its predecessor. The reports anticipates increased volatility for Bitcoin in Q4 2023. However, the potential approval of ETFs and ongoing economic uncertainty in the U.S. suggest a Bitcoin rebound during the fourth quarter of 2023. Version 2 of the 4th Quarter 2023 Crypto Report by BingX provides detailed insights and updates into cryptocurrency market performance and uncovers some of the most promising projects in crypto space. Projects featured in this report include updates on ARB price , ANT price , AAVE price and STORJ price . The report suggests that 2024 and 2025 could potentially be the final bull markets for Bitcoin with significant price increases, especially in the sector of DeFi. BingX's Version 2 of the 4th Quarter 2023 Crypto Report builds on the success of its previous edition of Token Price Analysis V1 , offering fresh insights into the dynamic cryptocurrency market. This comprehensive resource empowers investors and enthusiasts with expert analysis and information to make informed decisions with recent BTC price movements and general consensus. About BingX BingX is a leading cryptoc Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $664,980,108,512 - Hash Rate: 467213155.1878341 - Transaction Count: 452816.0 - Unique Addresses: 801082.0 Social & AI Sentiment: - Fear & Greed Index: 0.70 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Updates to U.S. market open) * U.S. stocks rebound * 10-year Treasury yield stays below 5% * Oil prices dip By Lawrence Delevingne and Amanda Cooper Oct 24 (Reuters) - Global stocks advanced on Tuesday as a flicker of investor risk appetite lifted equities, although trading was cautious given the war in the Middle East and looming make-or-break data for the outlook for U.S. interest rates. Oil fell further after a flurry of weak economic data sketched a bearish picture which could weigh on oil demand, eclipsing worries that the Israel-Hamas war could escalate into a wider conflict in the crude-exporting region. The U.S. dollar gained, while Bitcoin, which on Monday staged its biggest one-day rally in a year with a gain of 10.2%, was up another 4%. Wall Street's main stock indexes all rose in morning trading. The Dow Jones Industrial Average rose 0.81%, to 33,202, the S&P 500 gained 0.74%, to 4,248 and the Nasdaq Composite added 0.73%, to 13,112. The MSCI All-World index rose 0.4%, marking its first daily rise since Oct. 17, while an index of Asia-Pacific shares outside Japan edged above a one-year low. Monthly surveys of business activity showed a decline in the euro zone and the UK in early October, ahead of a separate report due out later for the United States. "The only real growth that is out there is in the United States," TraderX strategist Michael Brown said, flagging the monthly U.S. purchasing manager index (PMI) survey due later. "I would expect that is going to really reinforce that message. The risks facing the euro zone were pretty significant already, before everything kicked off in the Middle East, but now we are potentially looking at a second consecutive winter where the euro zone is having to grapple with an energy shock," he said. The STOXX 600 was little changed, as declines in banking shares such as Barclays were offset by gains in the likes of luxury group LVMH and Swiss computer parts maker Logitech. Investors do not expect the European Central Bank to raise interest rates when it meets this week, but are still prepared for borrowing costs to remain high for a long time. "The looming spectre of inflation grows even more imposing, especially considering the recent sharp ascent in oil prices," said Dalma Capital Chief Investment Officer Gary Dugan. "If oil prices persist at this level throughout the rest of 2023 and into 2024, this could potentially inject another bout of inflation into the global economy." THE 5% CLUB Global bond yields have surged higher in recent weeks, in part because of a growing belief that central banks will have no room to cut interest rates until well into 2024. The run-up in yields on the 10-year Treasury note to 5% on Monday is a reflection of this belief. The 10-year note was last yielding 4.855%, up 1.5 basis points on the day. BlackRock Chief Executive Larry Fink said he believed U.S. rates would stay higher for longer, given the amount of fiscal stimulus entering an already resilient economy, and robust wage growth. "I do believe the Federal Reserve will have to raise rates higher, which probably will mean that by 2025 we may have a soft landing, we may have hard landing. That is the only way that I see that we’ll be arresting this. But I don’t expect it any time soon," Fink said at a gathering of financial leaders in Riyadh on Tuesday. Investor attention will be split this week between the earnings of high-profile companies, such as Microsoft, Facebook parent Meta Platforms and Amazon, as well as a slew of economic data ahead of the Fed's meeting from Oct. 31 to Nov. 1. Third-quarter gross domestic product data on Thursday, along with the Personal Consumption Expenditures (PCE) report, the U.S. central bank's preferred inflation gauge, on Friday, could help shape medium-term expectations for U.S. rates. In the currency market, the dollar rose 0.36% against a basket of currencies, partially reversing Monday's 0.5% drop. The yen held steady against the dollar, but was not too far away from 150 per dollar - a level markets believe could prompt Japanese authorities to intervene to prop up the currency. Against the yen, the dollar was steady at 149.80. "We believe this current dollar weakness is corrective in nature," Brown Brothers Harriman & Co. strategists wrote in a note Tuesday. "Looking beyond the current noise related to dovish Fed comments, nothing fundamentally has changed and we see no reason to believe the dollar’s uptrend has ended." In cryptocurrencies, bitcoin rose to 18-month highs, as speculation about the possibility of an exchange-traded fund drove enthusiasm and prompted short-sellers to exit positions. The world's biggest cryptocurrency traded as high as $35,198, before easing to $34,383, up about 4% on the day. Oil prices were dipped on Tuesday following the previous session's delined after a flurry of economic data from Germany, the wider euro zone and Britain sketched a bearish picture which could weigh on oil demand. U.S. crude fell 0.57% to $85.00 per barrel and Brent was at $89.36, down 0.52% on the day. Spot gold dropped 0.5% to $1,963.10 an ounce. (Reporting by Lawrence Delevingne in Boston and Amanda Cooper in London. Additional reporting by Ankur Banerjee in Singapore Editing by Mike Harrison, Mark Potter and Toby Chopra)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["NEW YORK , Oct. 27, 2023 /PRNewswire/ -- The global cryptocurrency market size is estimated to grow by USD 1,815.78 million from 2022\xa0to 2027, according to Technavio. The market is estimated to grow at a CAGR of 15.81% during the forecast period. North America is estimated to account for 48% of the global market growth during the forecast period.\xa0The rising\xa0demand for digital payments boosted the growth of the North American cryptocurrency market\xa0in 2022. The US\xa0is one of the top countries and is considered to be at the forefront of technological progress\xa0in digital\xa0currencies. Owing\xa0to the presence of multiple market players and new\xa0innovations in\xa0the region,\xa0North America holds the largest share of the cryptocurrency market. Hence, such factors drive regional growth during the forecast period. For more insights on the historical period (2017 to 2021) and forecast market size (2023\xa0to 2027)\xa0- Request a sample report Technavio has announced its latest market research report titled Global Cryptocurrency Market 2023-2027 What's New? Special coverage on the Russia - Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report! Cryptocurrency Market - Segmentation Assessment Segment Overview Technavio has segmented the market based on\xa0Type ( bitcoin , ethereum , and others), Component (hardware and software), and Geography ( North America , Europe , APAC, South America , and Middle East and Africa ). The market share growth by the bitcoin segment will be significant for overall market growth during the forecast period. Bitcoin , which is known to\xa095% of cryptocurrency owners and prospects,\xa0has the largest market capitalization, more than double that of its closest competitor, Ethereum . Furthermore, Tether , USD Coin, Binance USD, and DAI are his four cryptocurrencies in the top 20 pegged\xa0directly to\xa0the value of the US dollar. About 8% of people in the US trade cryptocurrencies . This is created, stored, processed, and shared using a decentralized system called\xa0a\xa0blockchain. Hence,\xa0given the high popularity of Bitcoin , the global cryptocurrency market is expected to witness significant growth during the forecast period. Story continues Insights on the market contribution of various segments including country and region wise\xa0historic data (2017 to 2021), and forecast market size (2023\xa0to 2027)\xa0- Download a Sample Report Cryptocurrency Market – Market Dynamics Key factors driving market growth Rising investment in digital assets is one of the major drivers for the cryptocurrency market's growth. Cryptocurrencies are becoming more popular in the global market for digital assets. This is because digital assets\xa0allow rapid\xa0transfer of\xa0ownership without\xa0the need for paper copies of documents. For instance,\xa0a digital asset owner can quickly transfer ownership to a new owner or purchaser when the asset is purchased through NFT. Additionally, since\xa0many people interact with digital assets every day, from investing in crypto as a digital asset to digitizing existing investment assets, digital assets become integrated into the existing network of traditional financial markets. Hence, such factors drive market growth for cryptocurrency during the forecast period. Leading trends influencing the market The rising inclination for digital currency is one of the major cryptocurrency market trends that propel the market growth. Digital currencies offer the potential for faster and cheaper bank transfers, accelerating e-commerce, increasing the number of financial transactions in low-income countries, and increasing international money transfers. Thus\xa0it\xa0has\xa0the potential to change the world. Furthermore, no interbank payments are required as the system exchanges digital currencies instead of bank deposits like cash. Hence, such trends drive the market growth of cryptocurrency during the forecast period. Major challenges hindering the market growth Volatility in the value of cryptocurrency is one of the major challenges limiting the cryptocurrency market's growth. The value of cryptocurrencies is highly volatile, and therefore, low-risk investors do not include cryptocurrencies in their financial portfolios.\xa0The volatility in value is large because cryptocurrencies are being held by a limited number of people who buy and sell in bulk on trading platforms and exchanges. For instance, in June 2022 , Bitcoin lost more than 10% of its value in one day, which\xa0is a significant drop from November 2021 when Bitcoin was worth USD 69,000 per token. Furthermore,\xa0the lack of transaction charges, position charges, trade posting fees, and regulations on trading platforms also causes volatility in the value of cryptocurrency . Hence, such challenges impede market growth during the forecast period. Insights on Market Drivers, trends, & Challenges, historical period(2017 to 2021), and forecast period(2023 to 2027)- Request a\xa0sample report! What are the key data covered in this Cryptocurrency Market report? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the cryptocurrency market between 2023 and 2027 Precise estimation of the size of the cryptocurrency market and its contribution to the market with a focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the cryptocurrency market across North America , Europe , APAC, South America , and Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of cryptocurrency market vendors Gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Related Reports: The currency counting machine market is estimated to grow at a\xa0CAGR of 14.61%\xa0between 2022 and 2027. The size of the market is forecast to increase by\xa0USD 625.77 million.\xa0This report extensively covers market\xa0segmentation by end-user (BFSI, retail, and commercial), type (basic note counter, hi-speed heavy-duty cash counting, and intelligent counting cum counterfeit detection machines), and geography (APAC, North America , Europe , Middle East and Africa , and South America ).\xa0The increase in the circulation\xa0of counterfeit currency is notably driving the currency counting machine market growth. The cryptocurrency mining hardware market is estimated to grow at a CAGR of 11.35% between 2022 and 2027. The size of the market is forecast to increase by USD\xa012053.16 million.\xa0This report extensively covers market segmentation by product ( ASIC , GPU, and others), application ( bitcoin mining, ethereum mining, and others), and geography (APAC, North America , Europe , Middle East , and Africa , and South America ).\xa0The\xa0profitability of cryptocurrency mining ventures is\xa0notably driving the cryptocurrency mining hardware market growth. Cryptocurrency Market Scope Report Coverage Details Base year 2022 Historic period 2017-2021 Forecast period 2023-2027 Growth momentum & CAGR Accelerate at a CAGR of 15.81% Market growth 2023-2027 USD 1,815.78 million Market structure Fragmented YoY growth 2022-2023\xa0(%) 14.37 Regional analysis North America, Europe, APAC, South America, and Middle East and Africa Performing market contribution North America at 48% Key countries US, China, UK, Germany, and Switzerland, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks Key companies profiled Advanced Micro Devices Inc., AlphaPoint Corp., Binance Holdings Ltd., Bitfury Group Ltd., BitGo Inc., BitMain Group, Bitstamp Europe SA, BlockFi Inc., Coinbase Global Inc., ConsenSys Software Inc., iFinex Inc., Intel Corp., KuCoin, Ledger SAS, Microsoft Corp., Money Group Inc., New Bit Ventures Ltd., NVIDIA Corp., Ripple Labs Inc., and Xapo Bank Ltd. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of Contents 1 Executive Summary 1.1 Market overview 2 Market Landscape 2.1 Market ecosystem 3 Market Sizing 3.1 Market definition 3.2 Market segment analysis 3.3 Market size 2022 3.4 Market outlook: Forecast for 2022-2027 4 Historic Market Size 4.1 Global cryptocurrency market 2017 - 2021 4.2 Type Segment Analysis 2017 - 2021 4.3 Component Segment Analysis 2017 - 2021 4.4 Geography Segment Analysis 2017 - 2021 4.5 Country Segment Analysis 2017 - 2021 5 Five Forces Analysis 5.1 Five forces summary 5.2 Bargaining power of buyers 5.3 Bargaining power of suppliers 5.4 Threat of new entrants 5.5 Threat of substitutes 5.6 Threat of rivalry 5.7 Market condition 6 Market Segmentation by Type 6.1 Market segments 6.2 Comparison by Type 6.3 Bitcoin - Market size and forecast 2022-2027 6.4 Ethereum - Market size and forecast 2022-2027 6.5 Others - Market size and forecast 2022-2027 6.6 Market opportunity by Type 7 Market Segmentation by Component 7.1 Market segments 7.2 Comparison by Component 7.3 Hardware - Market size and forecast 2022-2027 7.4 Software - Market size and forecast 2022-2027 7.5 Market opportunity by Component 8 Customer Landscape 8.1 Customer landscape overview 9 Geographic Landscape 9.1 Geographic segmentation 9.2 Geographic comparison 9.3 North America - Market size and forec Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $667,551,173,488 - Hash Rate: 485416265.1302173 - Transaction Count: 564383.0 - Unique Addresses: 819540.0 Social & AI Sentiment: - Fear & Greed Index: 0.65 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The world of cryptocurrency trading is undergoing a profound metamorphosis, fueled by a growing wave of investors seeking alternatives to the well-established centralized exchanges (CEXs) that have long reigned supreme. These CEXs have traditionally acted as intermediaries, facilitating transactions between buyers and sellers of digital currencies like Bitcoin and Ethereum. While CEXs offer certain advantages such as liquidity, convenience and security, they also carry significant downsides, including hefty fees and privacy concerns as well as susceptibility to hacking and fraud. Rise of decentralized crypto trading Crypto’s shifting landscape has propelled decentralized exchanges (DEXs) into the limelight. DEXs are platforms that empower users to engage in direct peer-to-peer trading of crypto assets, eliminating the need for intermediaries. Harnessing the power of blockchain or distributed ledger technology, DEXs introduce a range of advantages over their centralized counterparts, including: 1. Lower fees: DEXs typically impose more favorable fee structures than CEXs, which often burden users with high commissions, spreads and withdrawal charges. 2. Enhanced privacy: Unlike CEXs, which demand personal information and identity verification, DEXs operate with greater privacy, sidestepping anti-money laundering (AML) and know-your-customer (KYC) regulations. 3. Greater control: DEXs empower users by allowing them to maintain full control over their crypto assets and private keys, unlike CEXs that hold users’ funds in their own wallets or custodial services. 4. Fostering innovation: DEXs provide access to a broader spectrum of crypto assets and services, including lending, borrowing, staking, yield farming, non-fungible tokens ( NFTs ) and more. Nonetheless, decentralized exchanges grapple with their own set of challenges, such as: 1. Limited liquidity: DEXs often face lower trading volumes and liquidity compared to CEXs, resulting in higher price slippage and longer transaction processing times. 2. Increased complexity: DEXs may require users to possess a higher degree of technical expertise compared to CEXs, potentially discouraging novice or casual traders. 3. Security concerns: DEXs are not immune to cyberattacks or technical glitches, posing risks to the platform’s integrity and the functionality of underlying smart contracts. 4. Regulatory uncertainty: Operating within a legal gray area, DEXs often lack clear definitions or regulations in most jurisdictions, raising questions about their compliance. The birth of RDEXs Is it possible to marry the strengths of centralized exchanges and decentralized exchanges? Can we envision a decentralized exchange that adheres to regulatory standards? The answer is affirmative. Enter the regulated decentralized exchange (RDEX). An RDEX allows users to engage in direct crypto asset trading while adhering to relevant laws and regulations in its jurisdiction of operation. It preserves the fundamental tenets of decentralization — transparency, immutability and censorship resistance — while bolstering them with legitimacy, accountability and security. Story continues So, how does an RDEX function? It achieves this delicate balance by incorporating a regulatory framework into its protocol design, employing smart contracts to enforce user and transaction rules and standards. For instance, it may mandate user registration with real identities and source of funds verification before permitting trading. It may also impose limits on trade amounts or frequencies and report transactions to authorities for tax and compliance purposes. Some of them will adopt a hybrid approach, blending on-chain and off-chain components. By leveraging off-chain service providers for KYC/AML checks and liquidity pools, they maintain decentralization and security through cryptographic proofs, ensuring the honesty and integrity of these services. Value of RDEXs Why are RDEXs so vital in the crypto space? It presents a pragmatic solution to one of the crypto industry’s foremost challenges: regulation. As governments and regulators worldwide grow increasingly concerned about the economic and societal implications of crypto activities, regulation becomes inevitable. While constructive regulation can offer clarity, security and recognition, excessive restrictions can stifle innovation and growth. RDEXs can serve as a bridge between the crypto industry and regulators. They demonstrate that crypto activities can be conducted in a responsible, compliant and transparent manner, preserving decentralization’s core values. By fostering trust among users, investors and authorities, RDEXs mitigate the risks of fraud, manipulation and abuse. Moreover, RDEXs empower the future of decentralized trading by granting access to a broader array of crypto assets and services. These include the trading of security tokens, which represent real-world assets like stocks, bonds, real estate or art. While security tokens promise to revolutionize the financial industry, their strict regulations demand compliant platforms, which RDEXs can provide. Central bank digital currencies (CBDCs) are another facet of the crypto landscape that RDEXs can facilitate. CBDCs, digital versions of fiat currencies issued by central banks, promise faster, cheaper and more secure transactions but pose unique challenges for the crypto industry. It can integrate CBDCs with other crypto assets and services, ensuring privacy, interoperability and competition. RDEXs in action RDEXs are not just theoretical concepts; they are tangible realities. Projects like eToroX, backed by eToro and licensed by the Gibraltar Financial Services Commission, is an example of the RDEX in action — enabling users to trade crypto assets, including security tokens and stablecoins pegged to fiat currencies while adhering to regulatory frameworks. Injective Protocol, supported by Binance, another major player in the crypto space, offers a layer-2 DEX built on Ethereum. It facilitates the trading of crypto assets, including derivatives, futures, options and synthetics, and collaborates with central banks on CBDC integration. Projects like Bitverse, supported by Bybit and the Mantle Network, are pioneering a credit rating system. This system allows users to leverage their crypto assets and reputation to access a range of financial services and products in the Web3 space. Regulators could explore such platforms to verify user creditworthiness, both on and off-chain. (I do not have any ties to any of the projects or companies mentioned in this piece.) On the horizon In summary, RDEXs represent a new breed of decentralized exchanges that adhere to regulation. They bridge the gap between the crypto industry and regulators, providing platforms that cater to both sides’ needs. It unlocks access to a broader spectrum of crypto assets and services, empowering the future of decentralized trading. However, RDEXs are not the final destination of crypto’s evolution. Numerous challenges and questions remain, including those related to interoperability, scalability, security and the ever-growing complexity of crypto assets and services. Furthermore, the crypto industry continues to dream beyond RDEXs. Web 4.0 , the hypothetical next chapter of the internet , hints at an even more immersive, intuitive and intelligent way of interacting with information and value in the most decentralization manner governed by artificial intelligence may be the way forward. While Web4 remains speculative, it underscores the crypto industry’s relentless pursuit of innovation, openness, fairness and decentralization. This concept also works well with RDEXs, where no single person is running the exchange, it is run by codes and AI. The crypto industry’s evolution is far from over, with more innovative solutions and revolutionary ideas on the horizon, all aimed at shaping a more decentralized future. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["SAN FRANCISCO, Oct. 29, 2023 (GLOBE NEWSWIRE) --OKX, a leading Web3 technology company, has issued updates for the day of October 29, 2023.\nOKX Wallet is one of the first multi-chain wallets to integrate Bitcoin testnet\nOKX Walletis one of the first multi-chain wallets to integrate Bitcoin testnet, an alternative blockchain for experimentation and testing. Testnet bitcoins are clearly distinct from real bitcoins and are not intended to have any value.\nThis network enables application developers, or those working on Bitcoin enhancements, to experiment without having to use real bitcoins and without worrying about consensus.\nOKX Wallet is a universal crypto wallet available on multiple platforms and interfaces, including app, web and web extension. It enables users access to 3,000+ cryptocurrencies, 60+ networks, thousands of DApps and a one-stop decentralized NFT Marketplace.\nFor more information, please visit theSupport Center.\nFor further information, please contact:\[email protected]\nAbout OKX\nA leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:\n• OKX Wallet: The world's most powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds. The wallet includesMPC technologywhich allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-poweredSmart Accountenables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.\n• DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.\n• NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.\n• Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.\nOKX partners with a number of the world's top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.\nAs a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled,The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.\nTo learn more about OKX, download our app or visit:okx.com\nDisclaimer\nThe information displayed is strictly for educational and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service atwww.okx.com.", "SAN FRANCISCO, Oct. 29, 2023 (GLOBE NEWSWIRE) --OKX, a leading Web3 technology company, has issued updates for the day of October 29, 2023.\nOKX Wallet is one of the first multi-chain wallets to integrate Bitcoin testnet\nOKX Walletis one of the first multi-chain wallets to integrate Bitcoin testnet, an alternative blockchain for experimentation and testing. Testnet bitcoins are clearly distinct from real bitcoins and are not intended to have any value.\nThis network enables application developers, or those working on Bitcoin enhancements, to experiment without having to use real bitcoins and without worrying about consensus.\nOKX Wallet is a universal crypto wallet available on multiple platforms and interfaces, including app, web and web extension. It enables users access to 3,000+ cryptocurrencies, 60+ networks, thousands of DApps and a one-stop decentralized NFT Marketplace.\nFor more information, please visit theSupport Center.\nFor further information, please contact:\[email protected]\nAbout OKX\nA leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:\n• OKX Wallet: The world's most powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds. The wallet includesMPC technologywhich allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-poweredSmart Accountenables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.\n• DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.\n• NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.\n• Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.\nOKX partners with a number of the world's top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.\nAs a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled,The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.\nTo learn more about OKX, download our app or visit:okx.com\nDisclaimer\nThe information displayed is strictly for educational and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service atwww.okx.com.", "OKX SAN FRANCISCO, Oct. 29, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for the day of October 29, 2023. OKX Wallet is one of the first multi-chain wallets to integrate Bitcoin testnet OKX Wallet is one of the first multi-chain wallets to integrate Bitcoin testnet, an alternative blockchain for experimentation and testing. Testnet bitcoins are clearly distinct from real bitcoins and are not intended to have any value. This network enables application developers, or those working on Bitcoin enhancements, to experiment without having to use real bitcoins and without worrying about consensus. OKX Wallet is a universal crypto wallet available on multiple platforms and interfaces, including app, web and web extension. It enables users access to 3,000+ cryptocurrencies, 60+ networks, thousands of DApps and a one-stop decentralized NFT Marketplace. For more information, please visit the Support Center . For further information, please contact: [email protected] About OKX A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including: OKX Wallet : The world's most powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction. DEX : A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported. NFT Marketplace : A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur. Web3 DeFi : A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains. Story continues OKX partners with a number of the world's top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo. As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite , which advocates for a new paradigm led by Web3 self-managed technology. To learn more about OKX, download our app or visit: okx.com Disclaimer The information displayed is strictly for educational and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com .", "WisdomTree, Inc. (NYSE: WT ) Q3 2023 Earnings Call Transcript October 27, 2023 WisdomTree, Inc. misses on earnings expectations. Reported EPS is $0.0733 EPS, expectations were $0.1. Operator: Greetings and welcome to WisdomTree Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, th Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $668,983,415,394 - Hash Rate: 415637677.0177486 - Transaction Count: 410290.0 - Unique Addresses: 672955.0 Social & AI Sentiment: - Fear & Greed Index: 0.72 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin rallied early on Monday, reaching its highest level since mid-July as speculation persists over the approval of aspot Bitcoin ETFin the U.S. The top cryptocurrency reached a high of $30,928 before retreating, and was trading around $30,600, still up 2.2%, as of publication. The coin now makes up 49.6% of the overall crypto market, according toCoinGecko. Over the past seven days, Bitcoin has increased 9.8%—its biggest weekly gain since June—which increases the likelihood of a 10% average jump over the coming month based on historical data,according to Bloomberg. The rally comes as traders begin banking on the possibility that the Securities and Exchange Commission willapprove a spot Bitcoin ETF by the end of the year.Although the agency has yet to approve such a product in the U.S., TradFi heavy hitters likeBlackRock and Fidelityhave filed applications to create one. In August, the SEC faced a setback in trying to fend off the Bitcoin-based financial product, which gives investors actual exposure to the coin’s price movements. An appeals court ruled that the agency’s denial of crypto asset manager Grayscale’s Bitcoin ETF application was“arbitrary and capricious.”Earlier this month, the regulator dropped its intention to appeal the ruling, according to multiple reports. The introduction of a spot Bitcoin ETF in theU.S. is likely to precipitate an influx of capitalin the crypto markets, and could push Bitcoin’s price to new heights. Already, a rumor—which proved to be false—that BlackRock’s spot Bitcoin ETF application had been approved pushed the cryptocurrency up thousands of dollars. Analysts atJPMorganpredict that a spot Bitcoin ETF could be approved by Jan. 10. But as traders wait for the Bitcoin investment product to be approved, some have already been throwing cash into existing institutional investment products, with $55.3 million being invested last week in products related to Bitcoin, according toa report by CoinShares. Some Bitcoin believers’ bets have already paid off. Michael Saylor’s MicroStrategy’s Bitcoin holdings, which thanks to a recent purchase stood at an average purchase price of $29,582, havebrought in about $160 milliondue to the recent price surge. This story was originally featured onFortune.com... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Gemini Sues Genesis Over Ownership of $1.6B in Grayscale Bitcoin Trust Shares Gemini, a cryptocurrency exchange based in New York, has filed a lawsuit against digital asset lender Genesis over the ownership of $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares. The case, filed in the United States Bankruptcy Court for the Southern District of New York, seeks to reclaim control of the shares in order to reimburse Gemini's Earn clients. Genesis was a lending partner for Gemini's Earn product, however following the collapse of FTX and accompanying industry chaos, Genesis banned withdrawals, leaving Earn consumers without access to their assets. Gemini attempts to recoup the funds needed to pay its clients' claims and says that Genesis is impeding the process. GBTC gained 205.73% so far this year , outperforming Bitcoin (BTC) ’s 106% year-to-date gain. This is largely due to the closing of the discount in net asset value (NAV), spurred on by investors’ optimism of an imminent spot Bitcoin ETF approval . Genesis is part of Digital Currency Group (DCG), which also controls the Grayscale Bitcoin Trust. Genesis declared bankruptcy earlier in January, and has stopped operating last month. Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form .", "Gemini, a cryptocurrency exchange based in New York, hasfileda lawsuit against digital asset lender Genesis over the ownership of $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares.\nThe case, filed in the United States Bankruptcy Court for the Southern District of New York, seeks to reclaim control of the shares in order to reimburse Gemini's Earn clients.\nGenesis was a lending partner for Gemini's Earn product, however following the collapse of FTX and accompanying industry chaos, Genesis banned withdrawals, leaving Earn consumers without access to their assets. Gemini attempts to recoup the funds needed to pay its clients' claims and says that Genesis is impeding the process.\nGBTCgained 205.73% so far this year, outperformingBitcoin (BTC)’s 106% year-to-date gain. This is largely due to the closing of the discount in net asset value (NAV), spurred on by investors’ optimism of animminent spot Bitcoin ETF approval.\nGenesis is part of Digital Currency Group (DCG), which also controls the Grayscale Bitcoin Trust. Genesis declared bankruptcy earlier in January, and has stopped operating last month.\nLet us know what you loved about this article, what could be improved, or share any other feedback byfilling out this short form.", "Gemini, a cryptocurrency exchange based in New York, hasfileda lawsuit against digital asset lender Genesis over the ownership of $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares.\nThe case, filed in the United States Bankruptcy Court for the Southern District of New York, seeks to reclaim control of the shares in order to reimburse Gemini's Earn clients.\nGenesis was a lending partner for Gemini's Earn product, however following the collapse of FTX and accompanying industry chaos, Genesis banned withdrawals, leaving Earn consumers without access to their assets. Gemini attempts to recoup the funds needed to pay its clients' claims and says that Genesis is impeding the process.\nGBTCgained 205.73% so far this year, outperformingBitcoin (BTC)’s 106% year-to-date gain. This is largely due to the closing of the discount in net asset value (NAV), spurred on by investors’ optimism of animminent spot Bitcoin ETF approval.\nGenesis is part of Digital Currency Group (DCG), which also controls the Grayscale Bitcoin Trust. Genesis declared bankruptcy earlier in January, and has stopped operating last month.\nLet us know what you loved about this article, what could be improved, or share any other feedback byfilling out this short form.", "Accordingto data from Brazil's revenue service agency, the stablecoinTether (USDT)has seen a considerable increase in adoption, accounting for 80% of all cryptocurrency transactions in the country.\nIn Brazil this year, USDT transactions totaled $271 billion Brazilian reais ($55 billion), substantially doubling the amount of Bitcoin transactions, which totaled $151 billion reais ($30 billion).\nStablecoins, such as USDT, are intended to have a stable value and are pegged to fiat currencies such as the US dollar and the Brazilian real. USDT has been gaining popularity in Brazil since 2021, and it surpassed Bitcoin's volume for the first time in July 2022.\nBrazil is stepping up its crypto efforts, with the Brazilian tax agency tracking crypto-related activity and investments held by Brazilian citizens abroad, while theBrazilian securities regulator plans to launch a second regulatory sandboxfor tokenization use cases next year.\nLet us know what you loved about this article, what could be improved, or share any other feedback byfilling out this short form.", "Gm,\nWhat’s that? You sold the fake ETF news?\nOhanon, do you ever learn?\nKeep reading if you want to learn how to avoid gettingbearholedin the upcoming bull run…\nPrices are up. Bears are being led to the slaughterhouse. You don’t want to be one of them. As your trusted Crypto Twitter aggregation service, we’ll make sure you don’t. Andrew Kang wrote up a great piece about “How to avoid getting BEAR HOLED and not miss epic rallies”\nTLDR:\nRallies in the crypto market do not necessarily require new money entering the space, as short term demand can drive momentum. There is significant demand for cryptocurrencies from various institutions and individuals all over the world, which some traders may underestimate, and can impact flows into the market.\nComputer coins gud coins.\nRead also:The Case for a 2024 Bull Run\nThe upcoming bull rodeo is probably not your first one. But any seasoned cowboy has to pay his dues first. Here aremistakes you want to avoid in the upcoming bull run:\nNo TLDR for this one – make sure you read and internalize every single one of those!\nRead also:7 Common Mistakes to Avoid in Trading as a Beginner\nBut what if your funds are too tight? The best way to make money in crypto is to already have some and multiply it. Luckily, this is crypto, where you can start from literally zero. Cue thelist of existing projects that could do an airdrop:\nTLDR: Chains such as LayerZero, ZKSync and Solana have a few very interesting projects that could do an airdrop. Invest your time if you don’t have money.\nRead also:How To Participate in Friend.Tech Airdrop?\nSomething to learn for the not-so-experienced crypto participants: be careful with projects that have a lot of VC funding. Not all VC coins are bad, but distinguishing the good from the bad takes practice and experience. Ignas from DeFi Research wrote an interesting thread titled “What do crypto VCs know that you don't?”\nTLDR: There is mistrust towards VCs for buying early and dumping on retail, and fair launches without VCs may be a better option. Conducting research and asking the right questions is important for retail investors, and collaborating with VCs may be beneficial for projects with experienced founders.\nRead also:What Are Cryptocurrency Hedge Funds?\nA few words of caution at the end. The next run may really be different than all the other ones before because the big boys with big pockets are coming. Macro big brain Lyn Alden wrote a grat thread about theimportance of learning about Bitcoinbefore those big boys show up:\nTLDR: Bitcoin is gaining more attention and understanding from institutions. Study it from a global perspective.\nRead also:Can Bitcoin Become Money?\nIt’s easy to get carried away now. But remember, this run is just getting started:\nAccording to Pentoshi, bottom is in and there is stablecoin data to back this statement up:\nHow bullish is the incoming ETF really though? Well, is it even incoming? Some grown-up from TradFi let us know that ticker symbols being listed on websites does not actually mean jack…you know:\nOoff, sounds like we have to look elsewhere fordramathen. How is SBF doing by the way?\nDepends on who you ask. He’s certainly doing better than his lawyers at this point, you’d think. Especially after his testimony last week that had plenty of WTF moments:\nAnd if that’s not enough, we can always look up ZachXBT’s account for the latest crypto exploit uncovered. Here’s one that targeted SIM swaps worth a cool $4.5M:\nConsidering the bullish price action, it was a rather quiet week though. Bitcoiners even dug up the old topic of “Is Hal Finney Satoshi” to keep themselves entertained (spoiler: he is not):\nRead:Is Hal Finney Satoshi Nakamoto?\nOne other big development was regulators trying to come after crypto on drummed-up accusations of terror financing. The Bitcoin community pushed back against this with an open letter from Preston Pysh:\nIs there something Vitalik wants to tell us?\nBig week coming up! See you on the other side of it…", "Last Week on Crypto Twitter: They Sold? Pump It Gm, What’s that? You sold the fake ETF news? Oh anon , do you ever learn? Keep reading if you want to learn how to avoid getting bearholed in the upcoming bull run… Whose Threads Are A Must-Read? Prices are up. Bears are being led to the slaughterhouse. You don’t want to be one of them. As your trusted Crypto Twitter aggregation service, we’ll make sure you don’t. Andrew Kang wrote up a great piece about “ How to avoid getting BEAR HOLED and not miss epic rallies ” TLDR: Rallies in the crypto market do not necessarily require new money entering the space, as short term demand can drive momentum. There is significant demand for cryptocurrencies from various institutions and individuals all over the world, which some traders may underestimate, and can impact flows into the market. Computer coins gud coins. Read also: The Case for a 2024 Bull Run The upcoming bull rodeo is probably not your first one. But any seasoned cowboy has to pay his dues first. Here are mistakes you want to avoid in t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $670,220,273,494 - Hash Rate: 482540025.495944 - Transaction Count: 463202.0 - Unique Addresses: 779588.0 Social & AI Sentiment: - Fear & Greed Index: 0.68 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The bitcoin (BTC) mining industry is at a crucible moment, as the approval of a spot BTC exchange-traded-fund (ETF) could catalyze a rally against a backdrop of record hashrates and the impending block reward halving that threaten the industry's revenues and profitability, JPMorgan (JPM) said in a research report Wednesday. The bank favors mining operators that offer the best relative value in light of their “existing hashrate, operational efficiency, power contracts, funded growth plans and liquidity,” analysts Reginald Smith and Charles Pearce wrote. Read more: Bitcoin Halving Is Coming and Only the Most Efficient Miners Will Survive JPMorgan initiates coverage of CleanSpark (CLSK) with an overweight rating and a price target of $5.50; Marathon Digital (MARA) at underweight with a $5 target; Riot Platforms (RIOT) at underweight with a $6.50 target, and Cipher Mining (CIFR) at neutral. The bank also upgraded Iris Energy (IREN) to overweight from neutral. The U.S. Securities and Exchange Commission (SEC) has delayed its decision on whether or not to approve a spot bitcoin ETF until this month. The crypto market is hopeful that any approval will trigger a flood of mainstream money into the sector. CleanSpark is the bank’s top pick, offering the best balance of “scale, growth potential, power costs and relative value.” The analysts said that Marathon is the largest mining operator but has the highest energy costs and lowest margins. Meanwhile, Riot has relatively low power costs and liquidity but is the most expensive stock in their coverage universe. Among the peers, Cipher Mining has the lowest power costs but is “growth constrained,” the report noted. The bank estimates the four-year block reward opportunity at around $20 billion at current bitcoin prices. However, the looming block reward halving, expected in the second quarter of 2024, could impact profitability. It estimates that as much as 20% of the network hashrate is at risk from halving as less efficient mining computers are decommissioned. Read more: Listed Bitcoin Miners Could be the Ultimate Bet for 2024: Matrixport... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["• The Dow jumped more than 500 points on Monday as Middle Eastern conflict fears abated.\n• Brent crude, the international benchmark, fell as much as 4% in intraday trade.\n• Investors are also awaiting the Fed meeting this week, Apple earnings, and the monthly jobs report.\nUS stocks jumped on Monday while oil prices sank as investor anxiety over a broader Middle East conflict eased.\nIsrael's ground assault of the Gaza Strip appeared more gradual than expected, sending Brent crude down as much as 4% in intraday trading.\nThe rally in US indices also comes ahead of an important week, which includes the Federal Reserve's policy meeting, the Treasury Department's quarterly refunding statement on bond auctions, Apple earnings, and the monthly jobs report.\nHere's where US indexes stood at the 4:00 p.m. closing bell on Monday:\n• S&P 500: 4,166.82, up 1.2%\n• Dow Jones Industrial Average: 32,928.96, up 1.58% (511.37 points)\n• Nasdaq Composite: 12,789.48, up 1.16%\nHere's what else happened today:\n• The US economy isfacing a triple threatfrom debt, interest rates, and protectionism, a research firm said.\n• Nearly all the excess money saved during COVID is depleted,this chart shows.\n• Crude pricescould soar 76% from current levelsif the Israel-Hamas war becomes a regional conflict, the World Bank says.\n• Uranium stocks are getting a booston bets of a nuclear-powered future.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil fell 3.6% to $82.42 a barrel.Brent crude, the international benchmark, dropped 2.9% to $87.84 a barrel.\n• Goldrose 0.4% to $2,006 per ounce.\n• The 10-year Treasury gained nearly 4 basis points, moving up to 4.884%.\n• Bitcoinslipped 0.99% to $34,433.\nRead the original article onBusiness Insider", "Israel soldiers inspect burnt cars at the site of the Hamas terrorist attacks on the Nova music festival in southern Israel. Amir Cohen/Reuters The Dow jumped more than 500 points on Monday as Middle Eastern conflict fears abated. Brent crude, the international benchmark, fell as much as 4% in intraday trade. Investors are also awaiting the Fed meeting this week, Apple earnings, and the monthly jobs report. US stocks jumped on Monday while oil prices sank as investor anxiety over a broader Middle East conflict eased. Israel's ground assault of the Gaza Strip appeared more gradual than expected, sending Brent crude down as much as 4% in intraday trading. The rally in US indices also comes ahead of an important week, which includes the Federal Reserve's policy meeting, the Treasury Department's quarterly refunding statement on bond auctions, Apple earnings, and the monthly jobs report. Here's where US indexes stood at the 4:00 p.m. closing bell on Monday: S&P 500 : 4,166.82, up 1.2% Dow Jones Industrial Average : 32,928.96, up 1.58% (511.37 points) Nasdaq Composite : 12,789.48, up 1.16% Here's what else happened today: The US economy is facing a triple threat from debt, interest rates, and protectionism, a research firm said. Nearly all the excess money saved during COVID is depleted, this chart shows. Crude prices could soar 76% from current levels if the Israel-Hamas war becomes a regional conflict, the World Bank says. Uranium stocks are getting a boost on bets of a nuclear-powered future. In commodities, bonds, and crypto: West Texas Intermediate crude oil fell 3.6% to $82.42 a barrel. Brent crude , the international benchmark, dropped 2.9% to $87.84 a barrel. Gold rose 0.4% to $2,006 per ounce. The 10-year Treasury gained nearly 4 basis points, moving up to 4.884%. Bitcoin slipped 0.99% to $34,433. Read the original article on Business Insider", 'Bitcoin. Getty Images Vanguard CEO Tim Buckley told CNBC that the firm will not be pursuing a bitcoin ETF. Rival asset managers such as BlackRock and Fidelity are waiting to get their applications approved. Excitement over a possible spot bitcoin ETF fueled the largest weekly inflow into digital assets since July 2022. Not all of Wall Street is planning on pursuing a spot bitcoin ETF, even as optimism rises on the regulatory pathway to create one. While asset management rivals such as BlackRock and Fidelity have applications pending, Vanguard CEO Tim Buckley told CNBC on Friday that his firm has no plans to follow suit. "We won\'t be pursuing a bitcoin ETF. It\'s just like we don\'t use gold as an asset class for our clients," he said. "It\'s not that people can\'t invest in there. We just look at asset classes or, you know, what belongs in a long-term portfolio, what has intrinsic value, has cash flows to it? And those are the asset classes we steer people towards. And so we don\'t go towards bitcoin or gold or any other of those stable assets." A spokesman later told Insider that Vanguard views the investment case for cryptocurrencies as weak. "Unlike stocks and bonds, most cryptocurrencies lack intrinsic economic value and generate no cash flows, such as interest payments or dividends," he said. "Further, cryptocurrencies have proven to be highly volatile, which runs counter to Vanguard\'s goal to generate positive real returns to investors over time." Currently, BlackRock\'s spot bitcoin ETF application remains under review by the Securities and Exchange Commission. While the regulator allows bitcoin futures ETFs, it has been largely critical of the cryptocurrency sphere, and has previously denied such applications . But in August, Grayscale Investments won its court case against the SEC, which had earlier rejected an application to turn its over-the-counter traded bitcoin trust into an ETF. Story continues The court decision raised hopes that the regulatory obstacles would be cleared, allowing for approval of a spot bitcoin ETF soon. Meanwhile, enthusiasm for a potential spot bitcoin ETF continues to grow on Wall Street. Earlier this month, crypto-bull Mike Novogratz told CNBC that it would make zero sense for an ETF to be blocked. Markets are also demonstrating a readiness, and inflows into digital asset funds have jumped to their highest weekly level since July 2022. According to the latest Coin Shares report, digital asset investment inflows hit $326 million for the week, with bitcoin making up 90%. Read the original article on Business Insider', '(Adds graphic credit) By Suzanne McGee Oct 31 (Reuters) - Bitcoin, the original crypto rebel, is racing into the heart of the financial establishment with an exchange-traded fund that tracks its price. But will it strike gold? The world\'s biggest cryptocurrency has leapt 28% in October, with investors betting U.S. regulators will give the green light for a spot bitcoin ETF and thereby unleash a new wave of demand. How much cash could such a fund reel in, though? Well, it\'s hard to say, judging by the wide assortment of estimates from market players, ranging from $3 billion on its first day to $55 billion over five years. "The analogy that I\'m looking at is to gold," said Dave Mazza, chief strategy officer at ETF provider Roundhill Investments, adding that the gold market had been transformed by the approval of spot ETFs. He said he expected the first spot bitcoin ETFs on the scene to see a "wave of buying," echoing the launch of the first ever gold ETF in 2006 in the U.S. or the bitcoin futures ETF in 2021. Mainstream investment giants such as BlackRock and Fidelity, as well as crypto-focused firms like Grayscale, have filed applications for spot bitcoin ETFs. The U.S. Securities and Exchange Commission will be considering eight to 10 filings for new spot bitcoin products, its chair said on Thursday, without giving details of timing of decisions. Ranged against the ETF optimists are those traditional investors long wary of crypto who say they won\'t be won over by new investment vehicles. "Not a penny of my clients\' money will find its way into these misbegotten so-called investments," said George Gagliardi, an investment advisor with Coromandel Wealth Management in Lexington, Massachusetts, who believes cryptocurrencies "have no underlying intrinsic value." The prospect of an ETF that offers investors direct exposure to bitcoin has nonetheless buoyed the price of the cryptocurrency, which hit $35,198 last week, its highest level since May 2022. Story continues The metrics investors and analysts use to come up with estimates for demand for an ETF, from the size of the gold ETF market to demand for existing products, vary almost as much as their conclusions. Bitcoin markets are also opaque, with price moves driven mostly by investor sentiment. U.S. crypto firm NYDIG estimates demand for a spot bitcoin ETF at around $30 billion. Their calculation compares the sizes of the gold and bitcoin ETFs - $210 billion versus $28.8 billion, respectively - and adjusts them for their relative volatility. "It\'s rare to see a brand-new asset class arrive on the ETF market," said Todd Sohn, ETF strategist at Strategas Securities. "That makes it tough to figure out exactly how much demand is going to materialize." Existing bitcoin ETFs, tied to the price of futures, don\'t track price movements precisely, and the cost of rolling over futures contracts can eat into returns, leading many investors to see them as a less desirable vehicle. Steven McClurg, investment chief at Valkyrie Funds, which has applied for a spot bitcoin ETF, believes one starting point in gauging demand is the size of the Grayscale Bitcoin Trust (GBTC), an open-ended private trust that owns bitcoin directly. "If you look at the current market capitalization of GBTC - $3.2 billion – that\'s probably day-one demand" for a spot bitcoin product, he said. HALF OF FUNDS \'GONE IN TWO YEARS\' Some advocates say that financial advisers, pension funds and other money managers - a pool of capital estimated to total around $46.5 trillion by Boston Consulting Group - could be a significant source of demand for a spot bitcoin ETF. "If BlackRock reaches the market then some percentage of the wire houses and financial advisers will a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $674,230,741,094 - Hash Rate: 481286782.8761844 - Transaction Count: 433751.0 - Unique Addresses: 782062.0 Social & AI Sentiment: - Fear & Greed Index: 0.66 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: On Sep 21, the cryptocurrency market suffered a setback courtesy of the Fed. In its September FOMC meeting, the Fed kept the benchmark lending rate unchanged at the existing 5.25-5.5%, as stated on Sep 20. However, the post-FOMC statement of Fed Chairman Jerome Powell dampened market participants’ sentiments. Although the Fed paused its rate hike in the September FOMC meeting, the current dot-plot has shown a strong likelihood of one more hike of 25 basis points in 2023. That will take the terminal interest rate of this hiking cycle to 5.6%, well above the 5.1% forecast in June. Notably, the current range of the Fed fund rate is the highest level since March 2001. More importantly, the central bank said it would keep interest rates higher for a longer time period. The new projection has shown two maximum rate cuts in 2024 instead of four projected in June. The first cut in interest rate is not expected before September 2024. As a result, the yield on the short-term 2-Year U.S. Treasury Note reached 5.202%, its highest level since 2006. This link is closely linked to the possibility of a near-term economic downturn. The yield on the benchmark 10-Year U.S. Treasury Note touched 4.494%, its highest level since 2007. A higher market interest rate is detrimental to high-growth sectors like technology, consumer discretionary and cryptocurrency. Notably, the crypto space suffered a huge blow last year as the Fed pursued a rigorous interest rate hike regime. Consequently, on Sep 21, prices of major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE) and BNB (BNB) slid 1.7%, 1.9%, 1.9%, 2.3% and 1.6%, respectively. Robinhood Markets Inc.HOOD operates a financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds, options, gold, and cryptocurrencies. HOOD buys and sells Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies using its Robinhood Crypto platform. Robinhood Markets has an expected earnings growth rate of 57.3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 18% over the last 60 days. HOOD currently carries a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Coinbase Global Inc.COIN provides financial infrastructure and technology for the crypto economy in the United States and internationally. COIN offers the primary financial account in the crypto space for consumers, a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment. Coinbase Global has an expected earnings growth rate of 84.8% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 30% over the last 60 days. COIN currently carries a Zacks Rank #3 (Hold). Block Inc.SQ is an online digital and mobile payment platform for consumers and merchants and is the parent company of Square and Cash App. The users of Cash App can buy, sell, send and receive Bitcoin. In addition, SQ’s decentralized tbd platform allows developers to build decentralized finance applications to run on programmable blockchains. SQ is also one of the largest Bitcoin investors. Block has an expected earnings growth rate of 69% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the last 30 days. SQ currently has a Zacks Rank #3. Visa Inc.V is taking a significant step toward modernizing cross-border money movement. In a move aimed at enhancing the efficiency of global transactions, V is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain. This expansion of V includes collaboration with prominent merchant acquirers Worldpay and Nuvei, marking a pivotal development in the world of digital payments. Visa has an expected earnings growth rate of 15.3% for the current year (ending September 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.8% over the last 60 days. V currently carries a Zacks Rank #3. PayPal Holdings Inc.PYPL operates digital wallets and allows users to buy, transfer and sell cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin. PYPL’s users can check out and pay using crypto to online merchants. Its mobile wallet Venmo also allows users to buy and sell cryptocurrency. PYPL has become the first major U.S. fintech company to offer its own crypto token with a dollar-pegged stablecoin known as PayPal USD. PayPal Holdings has an expected earnings growth rate of 19.9% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 90 days. PYPL currently carries a Zacks Rank #3. The chart below shows the price performance of five above-mentioned stocks in the past three months. Image Source: Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report Visa Inc. (V) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["• US stocks edged higher on Tuesday as investors prepare for the Federal Reserve's next interest rate decision.\n• Fed Chairman Jerome Powell is expected to make no changes during Wednesday's FOMC meeting.\n• Stocks ended October lower, representing the first three-month losing streak since early 2020.\nUS stocks edged higher on Tuesday but ended the month of October lower, representing the third consecutive monthly loss.\nThe last time the S&P 500 and Dow Jones Industrial Average suffered a three-month slump was in March 2020, during the onset of the COVID-19 pandemic.\nInvestors were also awaiting the Federal Reserve's rate decision Wednesday afternoon and Chairman Jerome Powell's press conference.\nThe market expects the Fed to keep rates unchanged and sees no more hikes this cycle with at least two rate cuts by the end of next year.\nInvestors continue to digest a wave of third-quarter earnings. More than half of the S&P 500 has reported, and about 78% of those companies beat profit estimates by a median of 6%, while 62% beat revenue estimates by a median of 2%, according to data from Fundstrat.\nHere's where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500:4,193.80, up 0.65%\n• Dow Jones Industrial Average:33,052.87, up 0.38% (123.91 points)\n• Nasdaq Composite:12,851.24, up 0.48%\nHere's what else is going on today:\n• Stanley Druckenmiller said Treasury Secretary Janet Yellen made the worst mistakein the US Treasury's history by not issuing long-term debt when interest rates were so low.\n• Housing affordability has plunged to the lowest level since 1985as prospective homebuyers grapple with high mortgage rates and low housing inventory.\n• Bitcoin is set to rocket to $150,000by the middle of 2025 as the world's largest cryptocurrency begins a new cycle, Bernstein said.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil fell 1.32% to $81.22 a barrel.Brent crude, the international benchmark, dropped 1.23% to $85.29 a barrel.\n• Golddeclined 0.58% to $1,994.00 per ounce.\n• The 10-year Treasury yield was flat at 4.89%.\n• Bitcoinrose 0.01% to $34,496.\nRead the original article onBusiness Insider", "Lucas Jackson/Reuters US stocks edged higher on Tuesday as investors prepare for the Federal Reserve's next interest rate decision. Fed Chairman Jerome Powell is expected to make no changes during Wednesday's FOMC meeting. Stocks ended October lower, representing the first three-month losing streak since early 2020. US stocks edged higher on Tuesday but ended the month of October lower, representing the third consecutive monthly loss. The last time the S&P 500 and Dow Jones Industrial Average suffered a three-month slump was in March 2020, during the onset of the COVID-19 pandemic. Investors were also awaiting the Federal Reserve's rate decision Wednesday afternoon and Chairman Jerome Powell's press conference. The market expects the Fed to keep rates unchanged and sees no more hikes this cycle with at least two rate cuts by the end of next year. Investors continue to digest a wave of third-quarter earnings. More than half of the S&P 500 has reported, and about 78% of those companies beat profit estimates by a median of 6%, while 62% beat revenue estimates by a median of 2%, according to data from Fundstrat. Here's where US indexes stood at the 4:00 p.m. closing bell on Tuesday: S&P 500 : 4,193.80, up 0.65% Dow Jones Industrial Average : 33,052.87, up 0.38% (123.91 points) Nasdaq Composite : 12,851.24, up 0.48% Here's what else is going on today: Stanley Druckenmiller said Treasury Secretary Janet Yellen made the worst mistake in the US Treasury's history by not issuing long-term debt when interest rates were so low. Housing affordability has plunged to the lowest level since 1985 as prospective homebuyers grapple with high mortgage rates and low housing inventory. Bitcoin is set to rocket to $150,000 by the middle of 2025 as the world's largest cryptocurrency begins a new cycle, Bernstein said. In commodities, bonds, and crypto: West Texas Intermediate crude oil fell 1.32% to $81.22 a barrel. Brent crude , the international benchmark, dropped 1.23% to $85.29 a barrel. Gold declined 0.58% to $1,994.00 per ounce. The 10-year Treasury yield was flat at 4.89%. Bitcoin rose 0.01% to $34,496. Read the original article on Business Insider", "The US Securities and Exchange Commission (SEC) Chair, Gary Gensler, commemorated the Bitcoin whitepaper's 15th anniversary by asking if the cryptocurrency's elusive creator, Satoshi Nakamoto, would be identifiable in a Halloween costume.\nOn October 31, 2008, Satoshi Nakamoto released the Bitcoin whitepaper, titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’.\nIn a Twitter post, Gensler reminded crypto companies to adhere to securities laws, saying: “Any crypto companies that are tricking investors should start treating them to compliance with the securities laws.”\nUnder Gensler's leadership, the SEC has taken a strong stance against the digital asset industry, suing major crypto players such as Binance, Coinbase and Kraken.\nThe main source of concern for Gensler is the purported sale of unregistered securities by crypto firms. Critics, including industry leaders and lawmakers, have accused Gensler of creating regulatory ambiguity and hindering innovation. This comes as theSEC is reviewing numerous spot Bitcoin ETFs, as the crypto industry is closely monitoring this event.\nLet us know what you loved about this article, what could be improved, or share any other feedback byfilling out this short form.", "Gary Gensler Asks Crypto Firms To Stop “Tricking” Investors on Halloween The US Securities and Exchange Commission (SEC) Chair, Gary Gensler, commemorated the Bitcoin whitepaper's 15th anniversary by asking if the cryptocurrency's elusive creator, Satoshi Nakamoto, would be identifiable in a Halloween costume. On October 31, 2008, Satoshi Nakamoto released the Bitcoin whitepaper, titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’. In a Twitter post, Gensler reminded crypto companies to adhere to securities laws, saying: “Any crypto companies that are tricking investors should start treating them to compliance with the securities laws.” Under Gensler's leadership, the SEC has taken a strong stance against the digital asset industry, suing major crypto players such as Binance, Coinbase and Kraken. The main source of concern for Gensler is the purported sale of unregistered securities by crypto firms. Critics, including industry leaders and lawmakers, have accused Gensler of creating regulatory ambiguity and hindering innovation. This comes as the SEC is reviewing numerous spot Bitcoin ETFs , as the crypto industry is closely monitoring this event. Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form .", "After a downbeat September, October, too, remained depressed for Wall Street. The S&P 500 recorded its first three-month losing streak last month since March 2020. High oil and gas prices, still-high inflation, and the Fed’s policy tightening spree, along with the resultant rise in bond yields, kept the market subdued. The S&P 500 fell 2.2% in October.\nThe U.S. benchmark treasury yield started the month at 4.69%, reached a high of 4.98% on Oct 19 and stood at 4.88% on Oct 31. Apart from higher rates, there was heightened geopolitical crisis due to the occurrence of war between Israel and the Gaza-based militant group Hamas. This has sent oil prices higher.\nAgainst this backdrop, let’s take a look at the key happenings in the ETF world in October.\nIsrael declared war against Gaza after Gaza militants' surprise attack on Israel in early October. The move impacted a few asset classes as safe-havens like gold gained. Gold bullion ETFSPDR Gold TrustGLD jumped about 9% in the past month (as of Oct 30, 2023) despite higher U.S. interest rates.Shares of defense companies surged amid the conflict between Israel and Gaza.iShares U.S. Aerospace & Defense ETFITA added 2.8% in the past month (as of Oct 30, 2023) (read: Defense ETFs Spike on Middle East Tensions).\nThe United States witnessed substantial economic growth in the third quarter of 2023, with the real gross domestic product (GDP) rising at an annual rate of 4.9%, beating economists’ expectations of 4.7%. Consumer spending was one of the main contributors to U.S. GDP growth. The GDP increase marked the\xa0largest gain since the fourth quarter of 2021.\nConsumer spending, as measured by personal consumption expenditures, improved 4% in the quarter after rising just 0.8% in Q2, and was responsible for 2.7 percentage points of the total GDP increase.Consumer Discretionary Select Sector SPDR ETFXLY, Zacks ETF Rank #1 (Strong Buy), should thus be closely watched (read: Consumer Spending Boosts U.S. Q3 GDP: ETFs to Buy).\nThanks to the upbeat economic data points like jobs report, retail sales data, manufacturing data and third-quarter GDP data, U.S. treasury bond yields surged in October. Since inflation remains sticky, such upbeat economic data will help the Fed to keep rates higher for longer.iShares 20+ Year Treasury Bond ETFTLT lost about 4.5% in the past month due to higher yields.\nThe earnings season is underway. For Q3 of 2023 as a whole, the S&P 500 earnings growth expectation is currently 1.2% from the same period last year on 1.2% higher revenues. This would follow the 7.1% decline on 1.1% higher revenues in Q2, per the Earnings Trends. Please note that earnings growth has turned positive for the first time after staying in negative territory for three back-to-back quarters.\nIn a significant development in the ongoing American automotive industry labor dispute,General MotorsGM has reportedly reached a tentative agreement with United Auto Workers (“UAW”). This marks a significant step toward ending a contentious labor issue that has plagued the industry for over six weeks.\nWhile specific det Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-11-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $675,767,694,044 - Hash Rate: 462656326.7648482 - Transaction Count: 463644.0 - Unique Addresses: 796206.0 Social & AI Sentiment: - Fear & Greed Index: 0.66 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Singapore's new president is Tharman Shanmugaratnam, previously the country's finance minister and central bank chairman. While the role is largely ceremonial, Shanmugaratnam's financial experience may give him some influence over relevant policy. The 66-year-old has called crypto "purely speculative" and "slightly crazy." Tharman Shanmugaratnam, the former Singapore finance minister and central bank chairman who has called crypto "purely speculative" and "slightly crazy," was elected the country's president Saturday with 70.4% of the vote, replacing Halimah Yacob, its first female head of state. While the role is largely ceremonial, the 66-year-old's experience might mean he has some influence in shaping policy related to the future of finance, including cryptocurrencies, central bank digital currencies (CBDCs) and more. Singapore has gone from being an early adopter of crypto to a jurisdiction trying to find the right regulatory balance after the collapse of homegrown crypto darlings Terraform Labs and Three Arrows Capital while Shanmugaratnam was chairman of Singapore's central bank, the Monetary Authority of Singapore (MAS). That was a role he held between 2011 and 2023, overlapping his time as finance minister between 2007 and 2015. He began his career as an economist at the MAS in 1982 after a receiving a Bachelor of Science in Economics from the London School of Economics, a Master of Philosophy in Economics from the University of Cambridge and a Master in Public Administration from Harvard Universitys Kennedy School of Government. He was also short-listed for the top job at the International Monetary Fund (IMF). Shanmugaratnam spent 22 years as a member of parliament, holding several governmental roles including deputy prime minister, Shanmugaratnam's early stance on cryptocurrencies was laissez faire. In 2018, when he wrote cryptocurrency and related trading activity did not pose any threat to Singapore's finance system, and there was no need to prohibit it. Story continues He reiterated that stance in 2023, saying at the World Economic Forum , that crypto is "inherently purely speculative and in fact slightly crazy." While it should remain an unregulated market, he suggested authorities should provide "ultra clarity" on the risks associated with crypto because to "start getting into a game of regulating products, ostrich eggs or crypto or anything else" would be a "never-ending game." Still, for banks and stablecoins the situation is somewhat different. In November 2022, Shanmugaratnam wrote a response to a question in parliament saying that Singapore's banks are required to hold $125 of capital against an exposure of $100 to cryptocurrencies like bitcoin ( BTC ) or ether ( ETH ). "Although the jurisdiction's banks have 'insignificant' levels of exposure to crypto contributing less than 0.05% of total risk weighted assets these types of crypto assets are subject to the toughest risk management requirements set by international standard-setters," he wrote. He added that the prudential treatment for less risky crypto assets, such as tokenized corporate bonds, is similar to the traditional non-tokenized asset. In 2021, Shanmugaratnam said "there may be a role for crypto in future finance that extends beyond pure speculation and illicit finance" and that he envisioned a future in which "regulated stablecoins will have a useful role in a traditional payment system." In August 2022, Shanmugaratnam said the MAS was "actively reviewing" its approach to regulating stablecoins and could potentially bring reserve requirements for stablecoin issuers, referencing the collapse of terraUSD (UST) a stablecoin that lost its U.S. dollar peg the previous May. Last month, the MAS released a regulatory framework for stablecoins . Read More: Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset... - Reddit Posts (Sample): [['u/Cyrozen', 'Sold BTC hold BCH', 28, '2023-11-01 01:07', 'https://www.reddit.com/r/btc/comments/17kzcv0/sold_btc_hold_bch/', 'Hey all,\n\nNeeded car repairs etc. I’m longing BCH no looking back. Who’s with me?', 'https://www.reddit.com/r/btc/comments/17kzcv0/sold_btc_hold_bch/', '17kzcv0', [['u/Alex-Crypto', 14, '2023-11-01 04:17', 'https://www.reddit.com/r/btc/comments/17kzcv0/sold_btc_hold_bch/k7bkgq2/', 'Nice! Welcome to the club :3', '17kzcv0']]], ['u/Legitimate-Walk-2006', 'Us Marshal Scam', 52, '2023-11-01 01:16', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/', 'I got scammed out of 5,000 dollars recently, and I’m sharing as many details as possible as a cautionary tale.\n\nI received a phone call from someone claiming to be from US customs. I looked up her name and it matched an actual officer, so I continued with the call. The woman said that there were illegal transactions made in my name, with smuggling to Mexico and Colombia. \nNormally, I feel like I wouldn’t fall for such a scam because I’m pretty aware of what they sound like. But I had just returned to college after a very tense and sad family emergency, and was feeling frazzled and stressed. This only raised my adrenaline even more. I also answer calls labeled potential spam or with no caller ID because the last time I didn’t, it ended up being the actual police who were calling about a relative having a serious medical emergency. The guilt of not answering quickly still sticks with me.\n\nAnyways, the woman redirected me to the Marshal for my state. I looked at the website, and the phone number + caller ID matched. The person on the other end then said that I could either go to court and risk 9 years in prison and a 10k fine or do an ADR to resolve the charged under my name. When I agreed to the ADR, he said that I had three hours to do so. He said that I was not allowed to hang up or contact third parties because of legal reasons, which is why I didn’t let my parents know what was happening. If I accidentally hung up, he’d call again. I told the scammers how much money was in my saving and checkings account, and I was instructed to go to the bank and withdraw almost all of it and come up with an excuse. I did so, and then was instructed to go to a specific BitCoin ATM and was provided an address over the phone. So, I slotted my money over and went to another one when the machine didn’t work. I gave my address over the phone and was told that investigators would come to my house tomorrow to help transfer the money back and give me a temporary SSN. \n\nIt was all money given by relatives for my high school graduation, as well as money I earned through multiple jobs and a fellowship as a college student. All gone in a flash. I called my bank and there’s not much I can do to get it back. Thankfully, I have some uncashed checks from work/family that will recover about half of it, there was still $500 that wasn’t deposited, and I’m very thankful to have family members loaning out to me. I’ve also reported to my local bank, police station, and FBI office. However, I feel incredibly embarrassed and stupid to fall for such a scam - I spent three hours driving around to seedy gas stations and even missed a class. if I was in a better headspace maybe I could’ve avoided it. During the call I was too scared to look up information or tell anyone. It was like someone was holding me at gunpoint over the phone. All I can do is share this so that it doesn’t happen again.', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/', '17kziw5', [['u/HaoieZ', 32, '2023-11-01 01:30', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7aywyk/', 'Sorry this happened to you. \n\n\n\nThis is a fairly common scam we see, the whole fake package filled with drugs or whatever.', '17kziw5'], ['u/duckbrioche', 18, '2023-11-01 01:40', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7b0bev/', 'You mentioned that in the past you had once missed a call from the police about an actual emergency. Did those police leave a voicemail ?', '17kziw5'], ['u/erishun', 11, '2023-11-01 03:02', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7bb9wx/', 'This is a very common scam. I’m sorry this happened to you.', '17kziw5'], ['u/GpaSags', 91, '2023-11-01 04:24', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7bl890/', "I got that call myself once. I've never even been to Texas.\n\nAnd Jesustittyfuckingchrist the Feds \\never\\ require payment through crypto.", '17kziw5'], ['u/townandthecity', 12, '2023-11-01 05:43', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7btdyk/', 'I think it’s very cool, that you have shared this story here. So many people who are victims of scams are so embarrassed they don’t tell anyone, not relatives, not law-enforcement. That allows the scammers to bilk people of more money. Sharing your story is a good public service.', '17kziw5'], ['u/LOUDCO-HD', 19, '2023-11-01 06:53', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7bz76r/', 'It always amazes me that in this day and age people are still falling for scams.\n\nThen I read a story like yours and I understand why.', '17kziw5'], ['u/FedsRWatchin', 27, '2023-11-01 07:45', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7c2y4l/', 'Instead of looking up agents names which can essily be spoofed. Just to see i google "us marshal bitcoin" and this is the first thing to pop up \n\n"Things to remember:\xa0The\xa0U.S. Marshals Service\xa0WILL NEVER ask for credit/debit card/gift card numbers, wire transfers, or bank routing numbers, or to make bitcoin deposits for any purpose. NEVER divulge personal or financial information to unknown callers. Report scam phone calls to your local FBI office and to the FTC"', '17kziw5'], ['u/Mission_Brilliant302', 18, '2023-11-01 10:19', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7cde8g/', 'Anyone with a bit of critical thinking skills would know that you cannot make criminal charges go away with paying a fee in crypto or gift cards. And yet, people believe it.', '17kziw5'], ['u/SunnyShim', 17, '2023-11-01 11:33', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7ciz7z/', 'The ultimate red flag to you should’ve been them requesting money through not only Bitcoin but by buying it off a Bitcoin ATM. No government official would ask for it since Bitcoin isn’t even considered currency I believe by the government. The government can’t legally pay you in Bitcoin so why would you legally be allowed to pay the government with it?', '17kziw5'], ['u/LadyBug_0570', 11, '2023-11-01 14:13', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7czza1/', 'That along with "don\'t hang up the phone" and telling him to lie to his bank when he withdrew his money.', '17kziw5']]], ['u/Reasonable_Zone4606', 'All in on BTC?', 34, '2023-11-01 01:28', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/', 'I want to know how many people on this sub actually put all investments into BTC. For peace of mind I keep investing different % to stocks and real estate to keep myself diversified. At the same time I feel terrible just settling for 8% avg s and p 500 returns. It actually eats at me that I am not putting all of my spare cash every month into BTC. My belief in BTC trumps my beliefs in the US stock market for sure. Anyone else have the same thoughts?', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/', '17kzsdc', [['u/YellowRobeSmith', 15, '2023-11-01 02:10', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7b4hu5/', 'Can’t tell if this is your advice or if you’re repeating obsolete advice without understanding.', '17kzsdc'], ['u/richardto4321', 98, '2023-11-01 02:26', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7b6l75/', "I asked myself this question in 2013 and wish I didn't listen to anyone saying to diversify. So there's that.", '17kzsdc'], ['u/satoshyy', 31, '2023-11-01 02:32', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7b7bv6/', 'I’m all in and have a good job. I’ll never invest in stocks anymore', '17kzsdc'], ['u/obsidience', 88, '2023-11-01 02:52', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7b9uvj/', 'I like to diversify across multiple receive addresses.', '17kzsdc'], ['u/Romsel87', 13, '2023-11-01 03:10', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7bc8yw/', 'Bitcoin is my only basket. I did not put all money in, i just accumulated like a mofo last 3 years.', '17kzsdc'], ['u/pips_and_hoes', 16, '2023-11-01 03:30', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7bet6d/', 'If there was a time to go all in it would be now. Next halving probably won’t be as big', '17kzsdc'], ['u/Bitbuyer313', 25, '2023-11-01 03:42', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7bgaxk/', 'This guy gets it 😎', '17kzsdc'], ['u/Nado155', 12, '2023-11-01 04:11', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7bjsz4/', 'I saw a similar discussion about the same topic in a different subreddit and of course people flipped out and said 10x times "pls bro diversify". I really would like to met the people who says to diversify and how they navigate through life. Because honnestly, i have the impression those investment "advices" are more driven depending on how risk averse in life in generell.\n\nMy boss for example, he HATES taking risk, I think in his whole life he never took any risk. Everything he does is pretty safe and the outcomes are clear. And of course this transfers to his investment advices. If I could make a promise to my boss that BTC will be in the next 10 years with a probability of 90% worth 1Million/BTC and 10% it stays flat he wouldn invest in it. \n\nThe point is, those advices (yeah of course they are... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.

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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['TAIPEI , July 25, 2023 /PRNewswire/ -- XREX USD-crypto exchange has strengthened its compliance strategy to deliver an extra layer of security and transparency for users\' on-chain digital asset transactions by integrating transaction monitoring and investigative solutions from Chainalysis, the blockchain data platform. USD-crypto exchange XREX integrated Chainalysis\' blockchain analysis solutions to further platform safety. "We are delighted to share this progress on strengthening the robustness of XREX\'s platform," said Wayne Huang , internationally-recognized cybersecurity expert and XREX co-founder and CEO. "Chainalysis\' advanced technologies help us further strengthen our commitment of being one of the safest, and most compliant exchanges globally." As a compliant and secure fiat-crypto exchange operating globally under multiple licenses, registration, and approvals, XREX values mutual trust and long term relationships with all stakeholders. With internal risk control mechanisms and external support from credible service providers like Chainalysis, XREX helps both businesses and individuals to succeed in the crypto world and offers the best possible security to users\' digital assets. "XREX has implemented Chainalysis Reactor and Know Your Transaction (KYT) tools, which significantly enhanced our efficiency in scanning wallets, detecting potential risks, and mapping out the fund flow for further investigations." said Sun Huang , XREX Chief Information Security Officer and General Manager. Founded in 2014 as first movers and the largest player in the space, Chainalysis built the world\'s most trusted blockchain knowledge graph mapping hundreds of millions of on-chain addresses to real-world entities, including illicit services like darknet markets, scams, and ransomware, and legitimate services such as DeFi platforms, mining pools, and merchant services. "Building trust in the blockchain ecosystem is imperative to the growth of the industry. This requires advanced blockchain analysis backed by high-quality, extensive, ground-truth data that can enable exchanges to meet compliance obligations while staying ahead of financial crimes, protecting customers, increasing consumer trust and maintaining brand reputation. We are honored to be supporting XREX on their mission to be a safe, secure and compliant exchange for customers," said Joshua Foo , Regional Director, ASEAN & Central Asia , Chainalysis. Story continues Collaborating with global banking partners, XREX supports USD deposits and withdrawals in over 120 countries and directly offers USD trading pairs for BTC, ETH, and other crypto transactions. Security and compliance are major pillars behind XREX\'s smooth and reliable fiat and crypto services. Integrating Chainalysis\' blockchain analysis and tracing tools is just another step to fulfill this commitment. About XREX XREX is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. We provide enterprise-grade banking services to small to medium-sized businesses (SMBs) in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide. Founded in 2018 and operating globally under multiple licenses, XREX offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps. Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education. About Chainalysis Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world\'s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com . Cision View original content to download multimedia: https://www.prnewswire.com/apac/news-releases/xrex-enhances-platform-safety-with-advanced-blockchain-analysis--solutions-by-chainalysis-301884135.html SOURCE XREX Inc.', 'TAIPEI , July 25, 2023 /PRNewswire/ -- XREX USD-crypto exchange has strengthened its compliance strategy to deliver an extra layer of security and transparency for users\' on-chain digital asset transactions by integrating transaction monitoring and investigative solutions from Chainalysis, the blockchain data platform. USD-crypto exchange XREX integrated Chainalysis\' blockchain analysis solutions to further platform safety. "We are delighted to share this progress on strengthening the robustness of XREX\'s platform," said Wayne Huang , internationally-recognized cybersecurity expert and XREX co-founder and CEO. "Chainalysis\' advanced technologies help us further strengthen our commitment of being one of the safest, and most compliant exchanges globally." As a compliant and secure fiat-crypto exchange operating globally under multiple licenses, registration, and approvals, XREX values mutual trust and long term relationships with all stakeholders. With internal risk control mechanisms and external support from credible service providers like Chainalysis, XREX helps both businesses and individuals to succeed in the crypto world and offers the best possible security to users\' digital assets. "XREX has implemented Chainalysis Reactor and Know Your Transaction (KYT) tools, which significantly enhanced our efficiency in scanning wallets, detecting potential risks, and mapping out the fund flow for further investigations." said Sun Huang , XREX Chief Information Security Officer and General Manager. Founded in 2014 as first movers and the largest player in the space, Chainalysis built the world\'s most trusted blockchain knowledge graph mapping hundreds of millions of on-chain addresses to real-world entities, including illicit services like darknet markets, scams, and ransomware, and legitimate services such as DeFi platforms, mining pools, and merchant services. "Building trust in the blockchain ecosystem is imperative to the growth of the industry. This requires advanced blockchain analysis backed by high-quality, extensive, ground-truth data that can enable exchanges to meet compliance obligations while staying ahead of financial crimes, protecting customers, increasing consumer trust and maintaining brand reputation. We are honored to be supporting XREX on their mission to be a safe, secure and compliant exchange for customers," said Joshua Foo , Regional Director, ASEAN & Central Asia , Chainalysis. Story continues Collaborating with global banking partners, XREX supports USD deposits and withdrawals in over 120 countries and directly offers USD trading pairs for BTC, ETH, and other crypto transactions. Security and compliance are major pillars behind XREX\'s smooth and reliable fiat and crypto services. Integrating Chainalysis\' blockchain analysis and tracing tools is just another step to fulfill this commitment. About XREX XREX is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. We provide enterprise-grade banking services to small to medium-sized businesses (SMBs) in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide. Founded in 2018 and operating globally under multiple licenses, XREX offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps. Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education. About Chainalysis Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world\'s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com . Cision View original content to download multimedia: https://www.prnewswire.com/apac/news-releases/xrex-enhances-platform-safety-with-advanced-blockchain-analysis--solutions-by-chainalysis-301884135.html SOURCE XREX Inc.', 'Good morning. Here’s what’s happening:\nPrices:As Altcoin dominance reaches a multi-month high, Worldcoin\'s WLD token is up 30% on-launch. But the project comes with real world centralization and privacy concerns.\nInsights:\nCoinDesk Market Index (CMI)\n1,227\n−32.6▼2.6%\nBitcoin (BTC)\n$29,179\n−903.6▼3.0%\nEthereum (ETH)\n$1,850\n−38.9▼2.1%\nS&P 500\n4,554.64\n+18.3▲0.4%\nGold\n$1,956\n−8.3▼0.4%\nNikkei 225\n32,700.94\n+396.7▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,227", "\\u221232.6\\u25bc2.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,179", "\\u2212903.6\\u25bc3.0%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,850", "\\u221238.9\\u25bc2.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,554.64", "+18.3\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,956", "\\u22128.3\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32, Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $566,166,661,188 - Hash Rate: 369831574.5386234 - Transaction Count: 462586.0 - Unique Addresses: 734826.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Beware of the crypto fund bears. For an eighth consecutive week, negative sentiment pervades among institutional investors. Large scale crypto investors pulled $88 million out of digital asset funds last week, bringing the total over the two month period to a whopping $417 million, according to anew reportby Coinshares. Digital asset investment firm CoinShares follows the investment activity of important exchange-traded products, mutual funds, and over-the-counter (OTC) trusts, in cryptocurrencies such asBitcoin,Ethereumand other altcoins and publishes its findings in a weekly report. James Butterfill, head of research at CoinShares, said he believes all the selling has been triggered by monetary policy. “Currently there is no end in sight to interest rates rises” hewroteon Tuesday. Institutional Investors Have Pulled $329 Million From Crypto Funds Since April Selling pressure this week is coming primarily from North America, which accounts for 87% of total outflows. Canadian-based fund 3iQ led the way, with $76.9 million worth of selling, bringing their total on the year to $286 million. In Europe, Swiss funds saw inflows worth $9.2 million, whereas Germany registered $9.4 million in outflows. This week marks a notably more negative sentiment compared tolast week'srelatively neutral stance by institutional investors. Among digital assets, Bitcoin led the week in outflows, clocking $52 million over the past seven days. It has been heavily sold by institutional investors this year, reaching an impressive $172 million. Short interest for the largest cryptocurrency fell, with outflows reaching a meager $1.1 million on the week. 'Ethereum Fails' Without These 3 Changes, Says Vitalik Buterin Ethereumcame in second place for weekly outflows, totaling $36 million. That number, however, marks the largest single week of selling sinceThe Mergein September last year. Total withdrawals from Ethereum-based funds for 2023 now sits at $72 million. Altcoin-based funds have been a mixed bag with institutional investors. Litecoin (LTC), Solana (SOL) and Ripple (XRP) tallied inflows, although all less than $1 million. Polygon (MATIC)-based funds saw the biggest sell-off on the week, at $400,000. Interestingly, however, and in contrast to Bitcoin and Ethereum, these blue chip cryptocurrencies have seen inflows year-to-date, with Solana leading the way at $13 million. Although we can’t know for certain whether it’s led by institutional investors, the top cryptocurrencies have seen red candles for the week. Bitcoin lost 3.5% off its price in the past week, but Ethereum slid even further: It saw a 7.2% loss in the past seven days,accordingto Coingecko.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin traded flat on Wednesday morning in Asia as risk-aversion remained the market theme, though the token managed to hold above US$29,000. Analysts say a possible extended legal fight between the U.S. regulator and Ripple Labs as well as comments from the Federal Reserve on the interest rate outlook expected later today is breeding caution. Ether also treaded water, while other leading tokens were a mixed picture. Dogecoin led the winners again on speculation it may be integrated into Twitter as the social media app gets revamped into a more general-purpose platform. Elsewhere, the Forkast 500 NFT index dipped and U.S. equity futures traded mixed after Wall Street closed higher on Tuesday.\nBitcoin inched 0.14% higher over the last 24 hours to US$29,222 as of 07:35 a.m. in Hong Kong, but lost 2.07% for the week, according todatafrom CoinMarketCap. After briefly falling to a monthly low of US$28,890 on Monday, the world’s leading cryptocurrency has seemingly found support around US$29,000.\n“Several factors are currently affecting Bitcoin and cryptocurrencies, including concerns about theRipple case resumptionand investors’ speculation on Bitcoin investment funds,” Rania Gule, an analyst at Cyprus-headquartered multi-asset brokerXS Group, said in an emailed comment.\nThe market is keeping a close eye on the Federal Reserve’s interest rate decision, whilenegative headlinesabout Binance, the world’s largest digital currency exchange, contributed to price declines across crypto, Gule added.\n“The main trendline support currently stands at $26,800, and as long as Bitcoin remains above it, the trend is expected to be bullish,” said Gule.\nWilliam Cai, co-founder and managing partner at New York-based asset manager Wilshire Phoenix, said Bitcoin has been trading within a tight US$25,000 to US$30,000 range and is in search of a story and “a major Fed rate or language surprise this week could provide the impetus needed to break out.”\nReflecting the current lacklustre trend, CoinMarketCap’s fear and greed index, a measure of market buy and sell sentiment, fell further into neutral territory on Wednesday with a reading of 52.\nThe caution was reflected in digital asset investment products that saw net outflows of US$6.5 million in the week ending July 21, following four prior weeks of consecutive inflows that totaled US$742 million, according to a Mondayreportfrom European cryptocurrency investment firm CoinShares.\nTrading volumes in such investment products last week fell to US$1.2 billion, below the yearly average and down from US$2.4 billion the prior week, according to CoinShares. By regions, the U.S. and Canada saw 97% of the total outflows of US$21.7 million.\nBitcoin-backed investment products were the primary focus which saw US$13 million of outflows last week, while Ether-backed products logged an inflow of US$6.6 million, suggesting sentiment is improving around the second largest cryptocurrency.\nEther edged up 0.41% to US$1,857 in early trading in Asia on Wednesday, but remained 2.17% lower for the week.\nOther top 10 non-stablecoin cryptocurrencies traded mixed, with Dogecoin, XRP, and Tron’s TRX logging gains, while the rest declined. Polygon’s Matic led the losers, falling 2.84% to US$0.7081 and down 4.12% for the week.\nDogecoin again headed the winners list on optimism it could become a feature in Twitter’s rebranding to X.com, which will include functions such as “payments/banking,” according to Twitter Chief Executive OfficerLinda Yaccarinoon Monday.\n“Dogecoin rallied recently as speculation increased that the meme coin could be used as a payment mechanism for the rebranded Twitter platform,” said Markus Thielen, head of crypto research & strategy at digital asset service platformMatrixport, in an emailed comment.\n“As crypto is entering the summer lull that we initially expected for August, DOGE might be the summer’s highflyer as other crypto themes are taking a backseat.”\nThe total crypto market capitalization edged up 0.22% in the past 24 hours to US$1.17 trillion, while trading volume fell 27.41% to US$25.68 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdipped 0.60% in the past 24 hours to 2,642.91 as of 09:30 a.m. in Hong Kong, down 2.60% for the week. Forkast’s Ethereum, Solana and Polygon NFT market indexes also logged losses, while the Cardano index edged higher.\nTotal NFT trading volume dipped 2.90% in the past 24 hours to US$17.77 million, according to data fromCryptoSlam.\xa0 Volumes on the Polygon Solana and Bitcoin networks rose, while Ethereum, BNB Chain and Cardano logged losses\nBy NFT collections, Ethereum-based Bored Ape Yacht Club (BAYC) topped the 24-hour trading volumes, though total trades fell 39.79% to around US$695,000.\n“It’s another slow day in the NFT market, with a majority of NFT trades still being wash trades, or sellers accepting points farmers offer on Blur,” said Yehudah Petscher, NFT Strategist at Forkast Labs.\nThe floor prices of leading Ethereum NFT collections Bored Ape Yacht Club and Mutant Ape Yacht Club (MAYC) have dropped 18% and 25% in the past 30 days, while trading volumes in the two collections over the same period slumped 80% and 67% respectively, according to NFT data trackerWGMI.io.\n“There’s nothing happening out there to make buyers want to buy NFTs at the prices they’re at still. Really, they’re massively overpriced even after declining over the year,” said Petscher.\nYuga Labs, the developer of BAYC and MAYC,launched“Made by Apes” on Tuesday – a platform that grants BAYC and MAYC holders unique on-chain licences for their own products or services featuring the ape-themed NFTs.\nBAYC holders have already been building businesses around their collections, includingfast food,clothing, andbeverageoperations, and more brands are using BAYC in promotions.\n“During this bear market we are seeing actual utility begin to get fleshed out like with Yuga Labs’ new fully on-chain IP licensing platform,” said Petscher.\nElsewhere, Sky Mavis, the Vietnam-based developer behind play-to-earn NFT gameAxie Infinity,announceda partnership with NFT project CyberKongz on Tuesday, where the two will jointly develop an NFT game based on CyberKongz’s incoming Genkai NFT collection.\nU.S. stock futurestradedmixed as of 11:30 a.m. on Wednesday in Hong Kong, with Dow Jones and Nasdaq futures inching lower, while S&P 500 futures edged up.\nAll three major U.S. indexes closed higher in regular Tuesday trading, with the Dow Jones Industrial Average logging gains for the 12th consecutive day, extending its longest winning streak in six years.\nIn Asia, the main stock indexes fell on Wednesday ahead of the U.S. Federal Reserve’s interest rate announcement later today. China’sShanghai Composite, Hong Kong’sHang Seng, South Korea’sKospiand Japan’sNikkeiall logged losses.\nAlthough a ChinaPolitburo meetingon Monday pledged policies to support the country’s ailing property market and revive domestic consumption, China’s stock market requires imminent and actionable measures from the government,Bloombergreported on Tuesday citing a note by U.S. investment bank Morgan Stanley.\nThe U.S. Fed announces its interest rate decision on Wednesday with analysts at theCME FedWatch Toolpredicting a 98.9% chance for a 25-basis-point rate hike this month.\nWith a rise in rates mostly priced into markets, the focus of attention will be comments by Fed chair Jerome Powell on how the central bank views inflation trends, offering some pointers on future monetary policies.\nThe current Fed under Powell has raised rates 10 times since March 2022 to tackle inflation that was running at 40-year highs last year. The annual inflation rate has sincefallen to 3%in June from more than 9% last year.\nHowever, with inflation still above the Fed’s target of 2%, economists forecast more potential hikes this year based onrecent commentsby Powell.\nOn the economic data front, the U.S. consumer confidence index hit a two-year high in July, according to the U.S. think tankConference Boardon Tuesday, “likely reflecting lower inflation and a tight labor market.”\nThe consumer confidence index, together with data on inflation, the housing market and retail sales, contributed to the optimism that the U.S. economy could avoid a recession in 2023,Reutersreported on Wednesday.\n(Updates with equity section, adds fear and greed index in first section.)', 'Bitcoin traded flat on Wednesday morning in Asia as risk-aversion remained the market theme, though the token managed to hold above US$29,000. Analysts say a possible extended legal fight between the U.S. regulator and Ripple Labs as well as comments from the Federal Reserve on the interest rate outlook expected later today is breeding caution. Ether also treaded water, while other leading tokens were a mixed picture. Dogecoin led the winners again on speculation it may be integrated into Twitter as the social media app gets revamped into a more general-purpose platform. Elsewhere, the Forkast 500 NFT index dipped and U.S. equity futures traded mixed after Wall Street closed higher on Tuesday.\nBitcoin inched 0.14% higher over the last 24 hours to US$29,222 as of 07:35 a.m. in Hong Kong, but lost 2.07% for the week, according todatafrom CoinMarketCap. After briefly falling to a monthly low of US$28,890 on Monday, the world’s leading cryptocurrency has seemingly found support around US$29,000.\n“Several factors are currently affecting Bitcoin and cryptocurrencies, including concerns about theRipple case resumptionand investors’ speculation on Bitcoin investment funds,” Rania Gule, an analyst at Cyprus-headquartered multi-asset brokerXS Group, said in an emailed comment.\nThe market is keeping a close eye on the Federal Reserve’s interest rate decision, whilenegative headlinesabout Binance, the world’s Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $570,154,485,688 - Hash Rate: 381190141.57452464 - Transaction Count: 452746.0 - Unique Addresses: 737067.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The sixth edition of the event commences today and brings together the most influential leaders in the global blockchain and crypto industry, is back Rotkreuz, Switzerland, June 02, 2023 (GLOBE NEWSWIRE) -- The Crypto Valley Association ’s leading event, the Crypto Valley Conference (CVC), commences today in Rotkreuz, Switzerland. The two-day immersive conference will host 1200 attendees and showcase over 85+ global industry leaders as it returns to the heart of Crypto Valley. In partnership with Innosuisse and sponsored by IEEE , CVC offers in-depth panels and analysis on the future of blockchain technology and recent industry developments. Attendees will be treated to a front row seat at some of the most topical and insightful conversations the conference has to offer including risk management, liquidity provision, regulation, taxation, sustainability, AI and much more. A series of bespoke masterclasses take center stage today and will be led by some of the industry’s most prominent organizations including the Cardano Foundation, Messari, AON, CME Group and Youhodler among others. This will be followed by a jam-packed schedule tomorrow. Teana Baker-Taylor, Vice President of Circle, will get proceedings underway on Friday morning with an opening fireside chat about a financially inclusive future. Other keynote speakers include Pascal Gauthier from Ledger, Dominic Williams from Dfinity Foundation, Marieke Flament from the NEAR Foundation and Frederik Gregaard from the Cardano Foundation and Demelza Hays from CoinTelegraph. They will be joined by speakers from Coinbase, Kraken, CME Group, Nasdaq, Bitcoin Suisse, BitGo, Bullish, Kaiko, SEBA Bank, Fireblocks and Sygnum Bank, among others. For a full list of speakers and events, read the full event agenda here . Organized in collaboration with Lucerne University of Applied Sciences and Arts , the sixth annual conference will spotlight the importance of creating new connections and building on existing ones. With no shortage of opportunities to socialize with other thought leaders in the space, the CVC’s popular Sunset Networking Boat Cruise will conclude the two-day event. Story continues Commenting, Emi Lorincz, President of the Crypto Valley Association, said: “From its inception, the Crypto Valley Conference has been bringing together the strongest, steadiest and most influential minds of the Swiss and global crypto ecosystem. While the market constantly changes, one thing is certain – the technology has never been stronger, and innovation is sprouting everywhere. This year we continue CVC’s tradition of bringing attendees high quality, established speakers and also showcasing the newest projects through our Start-up Competition. We will dive into exciting topics like the future of Bitcoin, privacy, market making, liquidity provision, sustainability and so much more. The Crypto Valley Conference is a wonderful mix of quality content and intimate networking that fuels our community.” For more information visit cryptovalleyconference.com , follow @thecryptovalley on Twitter, or check out #CVC23. ### Crypto Valley Association’s President Emi Lorincz is available for interviews. About Crypto Valley Association: Founded in January 2017, the Crypto Valley Association is a not-for-profit association established to support the development of cryptographic technologies, blockchain, and other distributed ledger technologies by supporting startups and other companies in Zug, Switzerland and internationally. Crypto Valley’s mission is to shape an open, free, and prosperous economy spanning multiple sectors and create a thriving ecosystem of individuals and companies passionate about building the future with blockchain. From its inception, the Crypto Valley Conference has been bringing together the strongest, steadiest and most influential minds of the Swiss and global crypto ecosystem and while the market constantly changes, one thing is certain – the technology has never been stronger, and innovation is sprouting everywhere. This year we continue CVC’s tradition of bringing attendees high quality, established speakers but also showcasing the newest projects through our Startup Competition and diving into the latest topics like market making, risk management, sustainability and much more. The Crypto Valley Conference is a wonderful mix of quality content and intimate networking that fuels our ecosystem. CONTACT: Media Contact: Oindrila C. Email: [email protected] Corporate Communications Manager Luna PR... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['As the race for the White House heats up, Democratic candidate for U.S. president Robert Kennedy Jr, has come out as a proponent of Bitcoin, and says he has proven that commitment by buying 14 Bitcoin last May. In a Wednesday Twitter Spaces interview with crypto investor and podcaster Scott Melker, Kennedy called Bitcoin the currency of freedom, and said he decided to become a crypto investor after he was chided by media outlets for promoting Bitcoin but didn’t own any. “I bought two Bitcoin for each of my seven children,” Kennedy said, noting he made the move "right after" his appearance at the Bitcoin Conference in May. “Now I’m a Bitcoin owner, and I’m sure they’ll now find a different way to come at me, but no one can say I didn’t put my money where my mouth is.” Kennedy and Melker also discussed how banks can shut down customer bank accounts without warning, and suggested political pressure may be behind the closure of the bank account of Joseph Mercola, described by the New York Times as "the most influential spreader of coronavirus misinformation online." Chase bank has shut down our business bank accounts along with the accounts of my CEO and CFO, as well as their family members (including spouse and child). They\'ve refused to provide any reason for doing so, the oldest account has been active for 18 years.… — Dr. Joseph Mercola (@mercola) July 25, 2023 "Here we have a powerful banking interest that that has received all kinds of federal government support and it\'s utterly dependent on its on its relationship with the Fed and the federal government and it is shutting down one of its customers for political speech," Kennedy said. "I think that incident alone should be one that all of us should be terrified about, and and it makes the the move toward Bitcoin, all the more important." Story continues Crypto Booster Robert F. Kennedy Jr. Bought Bitcoin Despite Recent Claim: Report During the annual conference held in Miami, Florida, Kennedy said covid-19 restriction led him to Bitcoin, and he claimed to be the first presidential candidate to accept Bitcoin donations through the Lightning Network. But he also said that he didn\'t own any, and wasn\'t there to give investment advice. Currently, the price of a Bitcoin is $29,330 per coin, according to CoinMarketCap. At the time of his speech at Bitcoin 2023, the price of a Bitcoin stood around $27,128. If Kennedy’s claims are true, the Kennedy Bitcoin treasury would be worth around $400,000 today. Earlier this month, a financial disclosure document obtained by CNBC showed Kennedy’s Family held (at the time) between $100,000 and $250,000 worth of Bitcoin. His conference address established his strong alignment with so-called digital gold. “When I witnessed this cataclysm—this devastating use of government repression—I realized for the first time how free money is as important to freedom as free expression,” Kennedy said. Kennedy added that the many environmental claims about Bitcoin are unfounded. “I believe that the environmental arguments against Bitcoin are a smokescreen to obscure the real motives for suppressing Bitcoin,” he said, citing the massive cost of endless wars and environmentally destructive projects. While Kennedy is not expected to win the Democratic party\'s nomination—online wagering sites put his odds at around 11 percent —he has drawn the support of fervent crypto fans. “I’m very happy for the support I’ve gotten from the Bitcoin community,” Kennedy said.', 'As the race for the White House heats up, Democratic candidate for U.S. president Robert Kennedy Jr, has come out as a proponent of Bitcoin, and says he has proven that commitment by buying 14 Bitcoin last May.\nIn a WednesdayTwitter Spaces interviewwith crypto investor and podcaster Scott Melker, Kennedy calledBitcointhe currency of freedom, and said he decided to become a crypto investor after he was chided by media outlets for promoting Bitcoin but didn’t own any.\n“I bought two Bitcoin for each of my seven children,” Kennedy said, noting he made the move "right after" his appearance at the Bitcoin Conference in May. “Now I’m a Bitcoin owner, and I’m sure they’ll now find a different way to come at me, but no one can say I didn’t put my money where my mouth is.”\nKennedy and Melker also discussed how banks can shut down customer bank accounts without warning, and suggested political pressure may be behind the closure of the bank account of Joseph Mercola, described by theNew York Timesas "the most influential spreader of coronavirus misinformation online."\n"Here we have a powerful banking interest that that has received all kinds of federal government support and it\'s utterly dependent on its on its relationship with the Fed and the federal government and it is shutting down one of its customers for political speech," Kennedy said. "I think that incident alone should be one that all of us should be terrified about, and and it makes the the move toward Bitcoin, all the more important."\nCrypto Booster Robert F. Kennedy Jr. Bought Bitcoin Despite Recent Claim: Report\nDuring the annual conference held in Miami, Florida,Kennedysaid covid-19 restriction led him to Bitcoin, and he claimed to be the first presidential candidate to accept Bitcoin donations through the Lightning Network. But he also said that he didn\'t own any, and wasn\'t there to give investment advice.\nCurrently, the price of aBitcoinis $29,330 per coin, according to CoinMarketCap. At the time of his speech at Bitcoin 2023, the price of a Bitcoin stood around $27,128. If Kennedy’s claims are true, the Kennedy Bitcoin treasury would be worth around $400,000 today.\nEarlier this month, a financial disclosure document obtained byCNBCshowed Kennedy’s Familyheld(at the time) between $100,000 and $250,000 worth of Bitcoin.\nHis conference address established his strong alignment with so-called digital gold.\n“When I witnessed this cataclysm—this devastating use of government repression—I realized for the first time how free money is as important to freedom as free expression,” Kennedy said.\nKennedy added that the many environmental claims about Bitcoin are unfounded.\n“I believe that the environmental arguments against Bitcoin are a smokescreen to obscure the real motives for suppressing Bitcoin,” he said, citing the massive cost of endless wars and environmentally destructive projects.\nWhile Kennedy is not expected to win the Democratic party\'s nomination—online wagering sites put his odds ataround 11 percent—he has drawn the support of fervent crypto fans.\n“I’m very happy for the support I’ve gotten from the Bitcoin community,” Kennedy said.', 'As the race for the White House heats up, Democratic candidate for U.S. president Robert Kennedy Jr, has come out as a proponent of Bitcoin, and says he has proven that commitment by buying 14 Bitcoin last May.\nIn a WednesdayTwitter Spaces interviewwith crypto investor and podcaster Scott Melker, Kennedy calledBitcointhe currency of freedom, and said he decided to become a crypto investor after he was chided by media outlets for promoting Bitcoin but didn’t own any.\n“I bought two Bitcoin for each of my seven children,” Kennedy said, noting he made the move "right after" his appearance at the Bitcoin Conference in May. “Now I’m a Bitcoin owner, and I’m sure they’ll now find a different way to come at me, but no one can say I didn’t put my money where my mouth is.”\nKennedy and Melker also discussed how banks can shut down customer bank accounts without warning, and suggested political pressure may be behind the closure of the bank account of Joseph Mercola, described by theNew York Timesas "the most influential spreader of coronavirus misinformation online."\n"Here we have a powerful banking interest that that has received all kinds of federal government support and it\'s utterly dependent on its on its relationship with the Fed and the federal government and it is shutting down one of its customers for political speech," Kennedy said. "I think that incident alone should be one that all of us should be terrified about, and and it makes the the move toward Bitcoin, all the more important."\nCrypto Booster Robert F. Kennedy Jr. Bought Bitcoin Despite Recent Claim: Report\nDuring the annual conference held in Miami, Florida,Kennedysaid covid-19 restriction led him to Bitcoin, and he claimed to be the first presidential candidate to accept Bitcoin donations through the Lightning Network. But he also said that he didn\'t own any, and wasn\'t there to give investment advice.\nCurrently, the price of aBitcoinis $29,330 per coin, according to CoinMarketCap. At the time of his speech at Bitcoin 2023, the price of a Bitcoin stood around $27,128. If Kennedy’s claims are true, the Kennedy Bitcoin treasury would be worth around $400,000 today.\nEarlier this month, a financial disclosure document obtained byCNBCshowed Kennedy’s Familyheld(at the time) between $100,000 and $250,000 worth of Bitcoin.\nHis conference address established his strong alignment with so-called digital gold.\n“When I witnessed this cataclysm—this devastating use of government repression—I realized for the first time how free money is as important to freedom as free expression,” Kennedy said.\nKennedy added that the many environmental claims about Bitcoin are unfounded.\n“I believe that the environmental arguments against Bitcoin are a smokescreen to obscure the real motives for suppressing Bitcoin,” he said, citing the massive cost of endless wars and environmentally destructive projects.\nWhile Kennedy is not expected to win the Democratic party\'s nomination—online wagering sites put his odds ataround 11 percent—he has drawn the support of fervent crypto fans.\n“I’m very happy for the support I’ve gotten from the Bitcoin community,” Kennedy said.', 'Bitcoin gained Thursday morning in Asia, but not enough to break through resistance at US$29,500 after the Federal Reserve raised interest rates by the expected Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $567,458,240,925 - Hash Rate: 358973121.2673339 - Transaction Count: 413038.0 - Unique Addresses: 713630.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: China's yuan (CNY), one of the five currencies in the International Monetary Fund's special drawing rights basket, has depreciated by 2.7% against the U.S. dollar (USD) this month, its worst performance since September. Going back to February, the decline goes to 5% versus the greenback, and investment banking giant Goldman Sachs suggests it could drop further. Historically, yuan devaluation has been considered bullish for fiat currency alternative assets like bitcoin and gold, but the other side of that coin is a strong dollar. The U.S. unit is already on a rising trend and further strength might lead to continued monetary tightening worldwide and a headwind for risk assets, cryptocurrencies among them, say some observers. The People's Bank of China (PBOC), the country's central bank, loosely pegs CNY's value to a basket of 24 currencies through a managed-float system. The daily fix or midpoint is set every trading day to provide direction to the market. The currency basket reflects China's trading partners, and with the U.S. being the largest, the dollar has the highest weighting at 19.83%. The euro, Japanese yen, British pound, Australian dollar, Mexican Peso are some of the basket's other currencies . The PBOC's managed float allows the yuan to fluctuate 2% on either side of daily fix, and the bank manages that band via active buying and selling of yuan. If USD/CNY threatens to rally beyond the 2% limit, for instance, the PBOC sells the dollar and buys yuan to shore up the latter's value. At the same time, the bank buys the dollar against other currencies to keep the proportion of the greenback in reserves stable, ensuring the intervention gets recycled back into other foreign units. This process inadvertently puts upward pressure on the dollar index, mainly comprised of the euro and the Japanese yen, causing financial tightening worldwide and leading to risk aversion. "USD/CNY rally means PBOC will sell the pair to maintain the 2% band and has to buy the dollar against other currencies to maintain a stable proportion of USD in reserves. That pushes up the dollar index, leading to financial tightening and risk aversion," David Brickell, director of institutional sales at crypto liquidity network Paradigm, told CoinDesk. Story continues Those with borrowings in the U.S. dollar and receipts in other currencies struggle to service their debt when the dollar surges. Per Brickell, more than $17 trillion of USD debt has been issued outside of the U.S. Thus, dollar strength tends to create risk aversion worldwide. The dollar index has rallied 2.7% this month. Bitcoin, meanwhile, has declined by 7.3%, its most significant monthly loss since December. Noelle Acheson, former head of research at CoinDesk and Genesis Trading, said that the PBOC's interventions may be dollar bullish but stressed that such actions are not assured. "The PBOC has been hinting at more flexibility on the CNY target band than in the past - so it's not a given that it will intervene, especially if a weaker yuan helps exports (which are suffering)," she wrote in her latest newsletter. "Now China's priorities are different - also, PBOC has been diversifying reserves and could buy gold instead of more USD." Last month, PBOC Governor Yi Gang said that the central bank can wind down regular interventions, providing market forces more leeway in determining the yuan's exchange rate. Yi, however, stressed that the bank retains the right to intervene in times of market turbulence.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin continued to hold steady above $29.2K and is unlikely to move much until next year, an analyst says. Insights: Large bitcoin investors holding between 10 and 100 bitcoin, and between 1,000 and 10,000 BTC, are neither selling nor acquiring more of the asset. Prices CoinDesk Market Index (CMI) 1,233 −2.8 ▼ 0.2% Bitcoin (BTC) $29,242 −78.9 ▼ 0.3% Ethereum (ETH) $1,862 −6.8 ▼ 0.4% S&P 500 4,537.41 −29.3 ▼ 0.6% Gold $1,946 −22.5 ▼ 1.1% Nikkei 225 32,891.16 +222.8 ▲ 0.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,233 −2.8 ▼ 0.2% Bitcoin (BTC) $29,242 −78.9 ▼ 0.3% Ethereum (ETH) $1,862 −6.8 ▼ 0.4% S&P 500 4,537.41 −29.3 ▼ 0.6% Gold $1,946 −22.5 ▼ 1.1% Nikkei 225 32,891.16 +222.8 ▲ 0.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin seems increasingly unlikely to go anywhere fast soon. As traditional asset markets in Asia opened Friday, the largest cryptocurrency by market capitalization was recently trading just above $29,240, down 0.3% over the past 24 hours and roughly where it\'s stood since a Monday dip triggered by the latest Binance mishap and bad economic news from China. With a couple of blips under, BTC has been changing hands in a $29,000 to $31,800 range since mid-June – immune from rate hikes, inflationary fears and other macro angst. Brent Xu, the CEO and co-founder of Web3 bond-market platform Umee, told CoinDesk in an email that the status quo is likely to continue. “Bitcoin barely budged following the Federal Reserve’s most recent rate hike, underscoring that this period of heightened rates has pretty much been priced in," Xu wrote. "This is certainly indicative of BTC resilience and indeed resilience for the broader digital asset market. But I’m not expecting a meaningful breakout to the upside any time soon." Story continues Ether has been similarly inert and was recently trading at $1,862, down 0.4% over the past 24 hours. Other major cryptos were largely in negative territory, albeit not by much with SOL and MATIC, the tokens of smart contract platforms Solana and Polygon, off 0.8% and 0.7%, respectively. Stellar Lumina\'s XLM token continued its recent upswing, rising 2.9% from Thursday, same time. Umee\'s Xu does not expect a return to "bull market conditions" until 2024\'s BTC halving. "That’s also when we’ll probably start seeing rate cuts happening," he wrote. "Cuts could come sooner, I should caveat, if there’s some sort of breakage that takes place, such as a credit crunch or an acceleration of the banking crisis.” Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +13.7% Entertainment XRP XRP +8.1% Currency Avalanche AVAX +3.7% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −16.8% Smart Contract Platform Dogecoin DOGE −11.5% Currency Chainlink LINK −10.8% Computing Insights/News Some Bitcoin Whales Are Waiting for Price Moves The bitcoin supply held by addresses with a balance of between 10 and 100 BTC has taken a slight downward turn, indicating that these larger holders of bitcoin are content to wait at the moment. Data provided by on-chain analytics firm Glassnode underscores that investors are equal parts reluctant to add or relinquish bitcoin, but also that they do not see BTC as undervalued. Addresses holding between 1,000 and 10,000 bitcoin are exhibiting similar behavior. Oddly, the amount of bitcoin held by addresses holding between 10,000 and 100,000 has risen slightly, although for bitcoin’s largest holders with more than 100,000 BTC, the supply balance has remained stable. (Glassnode) Each of these cohorts is worth monitoring as they hold the ability to sway markets given the size of their position, and appetite or lack thereof for risk. This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our Ethics Policy . Important events. Bank of Japan interest rate decision and policy statement 8:30 p.m. HKT/SGT(12:30 p.m. UTC): Personal Consumption Expenditures (June/MoM/YoY) 10:30 p.m. HKT/SGT(2:30 p.m. UTC): University of Michigan Consumer Sentiment Index (July) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Prosecutors Want Sam Bankman-Fried Sent to Jail Before His Trial; Mark Zuckerberg\'s Metaverse Vision The Justice Department wants Sam Bankman-Fried to go to jail ahead of his criminal trial. ZFZ Law co-founder Michael Zweiback shared his legal analysis. Morgan Creek Capital CEO Mark Yusko weighed in on the latest rate hike from the Fed. Journey\'s chief metaverse officer Cathy Hackl discussed Meta\'s latest earnings results. And, CoinFund CEO Jake Brukhman explained why he thinks Worldcoin could help onboard billions of users into the crypto economy. Headlines Want to Mine Bitcoin at Home? DIY Bitcoiners Have Stories to Share: From an ASIC-heated swimming pool to a handmade soundproof container, these die-hards found ways to make home mining feasible, if not quite profitable. Grayscale Urges Equal Treatment for All Spot Bitcoin ETF\'s in Letter to SEC: If the SEC decides to change course and approve one or more of the above-stated spot bitcoin ETF applications, “it must do so in a fair and orderly manner,” the statement said. KIN Token Surges Over 20% After Vote to Burn 70% of Supply Passes: The token climbed on the news that about 7 trillion KIN tokens worth $156 million will be burned. A Bully Pulpit for Debanked Nigel Farage, Crypto for Everyone Else: The British Brexiteer could call on the media and his far-right friends in his debanking fight. But most of us aren\'t so lucky.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continued to hold steady above $29.2K and is unlikely to move much until next year, an analyst says.\nInsights:Large bitcoin investors holding between 10 and 100 bitcoin, and between 1,000 and 10,000 BTC, are neither selling nor acquiring more of the asset.\nCoinDesk Market Index (CMI)\n1,233\n−2.8▼0.2%\nBitcoin (BTC)\n$29,242\n−78.9▼0.3%\nEthereum (ETH)\n$1,862\n−6.8▼0.4%\nS&P 500\n4,537.41\n−29.3▼0.6%\nGold\n$1,946\n−22.5▼1.1%\nNikkei 225\n32,891.16\n+222.8▲0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,233", "\\u22122.8\\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,242", "\\u221278.9\\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,862", "\\u22126.8\\u25bc0.4%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,537.41", "\\u221229.3\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,946", "\\u221222.5\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,891.16", "+222.8\\u25b20.7%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin seems increasingly unlikely to go anywhere fast soon.\nAs traditional asset markets in Asia opened Friday, the largest cryptocurrency by market capitalization was recently trading just above $29,240, down 0.3% over the past 24 hours and roughly where it\'s stood since a Monday dip triggered by the latest Binance mishap and bad economic news from China.\nWith a couple of blips under, BTC has been changing hands in a $29,000 to $31,800 range since mid-June – immune from rate hikes, inflationary fears and other macro angst. Brent Xu, the CEO and co-founder of Web3 bond-market platform Umee, told CoinDesk in an email that the status quo is likely to continue.\n“Bitcoin barely budged following the Federal Reserve’s most recent rate hike, underscoring that this period of heightened rates has pretty much been priced in," Xu wrote. "This is certainly indicative of BTC resilience and indeed resilience for the broader digital asset market. But I’m not expecting a meaningful breakout to the upside any time soon."\nEther has been similarly inert and was recently trading at $1,862, down 0.4% over the past 24 hours. Other major cryptos were largely in negative territory, albeit not by much with SOL and MATIC, the tokens of smart contract platforms Solana and Polygon, off 0.8% and 0.7%, respectively. Stellar Lumina\'s XLM token continued its recent upswing, rising 2.9% from Thursday, same time.\nUmee\'s Xu does not expect a return to "bull market conditions" until 2024\'s BTC halving. "That’s also when we’ll probably start seeing rate cuts happening," he wrote. "Cuts could come sooner, I should caveat, if there’s some sort of breakage that takes place, such as a credit crunch or an acceleration of the banking crisis.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+13.7%", "DACS Sector": "Entertainment"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+8.1%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u221216.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u221211.5%", "DACS Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u221210.8%", "DACS Sector": "Computing"}]\nSome Bitcoin Whales Are Waiting for Price Moves\nThe bitcoin supply held by addresses with a balance of between 10 and 100 BTC has taken a slight downward turn, indicating that these larger holders of bitcoin are content to wait at the moment.\nData provided by on-chain analytics firmGlassnodeunderscores that investors are equal parts reluctant to add or relinquish bitcoin, but also that they do not see BTC as undervalued.\nAddresses holding between 1,000 and 10,000 bitcoin are exhibiting similar behavior.\nOddly, the amount of bitcoin held by addresses holding between 10,000 and 100,000 has risen slightly, although for bitcoin’s largest holders with more than 100,000 BTC, the supply balance ha Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $571,407,698,212 - Hash Rate: 364175630.2712082 - Transaction Count: 449225.0 - Unique Addresses: 720574.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Ava Labs, the development company behind the Avalanche network, announced on Tuesday the launch of AvaGPT, the latest entry in a flurry of deployments of OpenAI's ChatGPT technology among blockchain companies. "The two things [AvaGPT] is providing is answering general questions for Avalanche users quickly, while also letting them still access our support team," Ava Labs Technical Product Manager Kieran McShane toldDecrypt. "It was out of an effort to help answer questions quicker and get to the source material immediately.” As McShane explained, AvaGPT was created in collaboration with ChatGPT service providerKapa AIand integrated into the Ava LabsCoreplatform. The development of AvaGPT, McShane added, was led by the Ava Labs support team and engineers. "We make sure [AvaGPT] is trained specifically and only on Avalanche documentation," McShane said, reiterating that the Ava Labs customer support team can help answer questions. Solana Labs Preps ChatGPT Plugin for Real-Time Blockchain Analysis Ava Labs' Core is a platform developed by Ava Labs that supports several blockchains, including Avalanche, Bitcoin, and Ethereum. "Our users are on Core and utilize it a lot, and we have a lot more very Avalanche-specific features coming in the future," he said, adding that Ava Labs already utilizes chatbot technology on its Discord server to answer questions. Founded in 2018, New York-based Ava Labs launched theAvalancheproof-of-stake(PoS) blockchain in September 2020. In June 2022, Ava Labs released Core wallet as a Chrome extension. That same year Core’s web portfolio launched in October, with the mobileversionfor Android launching later in December and iOS shortly after. While he did not give specifics, McShane says AvaGPT is only the first GPT-based product Ava Labs intends to launch. Etherscan Touts ChatGPT Integration But Highlights The Chatbot's Flaws Other blockchain companies leveraging ChatGPT's technology includeAlchemyandEtherscan. Like others using OpenAI's chatbot, Ava Labs includes a disclaimer warning users about the accuracy of AI responses, saying AvaGPT is for informational purposes only. "Neither Ava Labs, Inc. nor anyone else in the Avalanche community, is responsible for the content found in this chat or takes any responsibility for or certifies any information provided by the chatbot as correct, worthy, or accurate," the warning reads, adding the company assumes no responsibility to moderate, monitor, or respond to anything written in the chat. AI hallucinations, or instances when AI generates false or fake information when responding to prompts, continue to be a significant concern plaguing the rapid development and mainstream adoption of artificial intelligence. Earlier this month, Ava Labs launchedAvalanche Arcad3, a program aimed at helping traditional game developers to explore games built using blockchain technology.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• Stocks rose on Friday as investors cheered good news from the Fed\'s preferred inflation gauge.\n• The PCE price index rose 0.2% last month, in line with economists\' expectations.\n• For the week, the Dow Jones Industrial Average added 0.6%, the S&P 500 gained 1%, and the Nasdaq rose 2%.\nUS stocks rose on Friday as investors priced in more good inflation news, leaving the indexes with their third-straight week of gains.\nFor the week, the Dow Jones Industrial Average added 0.6%, the S&P 500 gained 1%, and the Nasdaq rose 2%.\nThe personal consumption expenditures price index, which is the Federal Reserve\'s preferred measure of inflation, increased 0.2% month over month in June, in-line with economists\' estimates. Meanwhile, core PCE rose 4.1% year over year, slightly below the anticipated 4.2% increase.\nThe latest data is a promising sign that inflation is continuing to slow in the economy, which is revving up bets that the Fed could pause interest rate hikes in September. Markets are pricing in an 80% chance interest rates are kept at the 5.25%-5.5% range at the Fed\'s next policy meeting, per theCME FedWatch tool.\nHere\'s where US indexes stood as the market closed 4:00 p.m. on Friday:\n• S&P 500:4,582.23, up 0.99%\n• Dow Jones Industrial Average:35,459.29, up 0.5% (176.57 points)\n• Nasdaq Composite:14,316.66, up 1.9%\nHere\'s what else is going on:\n• Palantir stock could soar 54%as the company has built an unmatched "AI fortress," Wedbush said.\n• Mortgage rates could jump to levels unseen since 2000 as thebond market is on the verge of a breakdown, economist Peter Schiff said.\n• US gas prices just spikedto their second-highest level since November.\n• Soaring home prices meanfirst-time homebuyers need to be making 13% more moneyto afford a starter home.\n• Argentina should ditch the pesoin favor of a "hard dollar regime," a think tank said.\nIn commodities, bonds, and crypto:\n• Oil prices rose, withWest Texas Intermediateup 0.42% to $80.43 a barrel.Brent crude, the international benchmark, edged up 0.56% to $84.71 a barrel.\n• Goldticked higher 0.7% to $1,958.01 per ounce.\n• The10-year yieldslipped four basis points to 3.969%.\n• Bitcoinrose 0.56% to $29,315.01.\nRead the original article onBusiness Insider', 'Brendan McDermid/Reuters Stocks rose on Friday as investors cheered good news from the Fed\'s preferred inflation gauge. The PCE price index rose 0.2% last month, in line with economists\' expectations. For the week, the Dow Jones Industrial Average added 0.6%, the S&P 500 gained 1%, and the Nasdaq rose 2%. US stocks rose on Friday as investors priced in more good inflation news, leaving the indexes with their third-straight week of gains. For the week, the Dow Jones Industrial Average added 0.6%, the S&P 500 gained 1%, and the Nasdaq rose 2%. The personal consumption expenditures price index, which is the Federal Reserve\'s preferred measure of inflation, increased 0.2% month over month in June, in-line with economists\' estimates. Meanwhile, core PCE rose 4.1% year over year, slightly below the anticipated 4.2% increase. The latest data is a promising sign that inflation is continuing to slow in the economy, which is revving up bets that the Fed could pause interest rate hikes in September. Markets are pricing in an 80% chance interest rates are kept at the 5.25%-5.5% range at the Fed\'s next policy meeting, per the CME FedWatch tool . Here\'s where US indexes stood as the market closed 4:00 p.m. on Friday: S&P 500 : 4,582.23, up 0.99% Dow Jones Industrial Average : 35,459.29, up 0.5% (176.57 points) Nasdaq Composite : 14,316.66, up 1.9% Here\'s what else is going on: Palantir stock could soar 54% as the company has built an unmatched "AI fortress," Wedbush said. Mortgage rates could jump to levels unseen since 2000 as the bond market is on the verge of a breakdown , economist Peter Schiff said. US gas prices just spiked to their second-highest level since November. Soaring home prices mean first-time homebuyers need to be making 13% more money to afford a starter home. Argentina should ditch the peso in favor of a "hard dollar regime," a think tank said. In commodities, bonds, and crypto: Oil prices rose, with West Texas Intermediate up 0.42% to $80.43 a barrel. Brent crude , the international benchmark, edged up 0.56% to $84.71 a barrel. Gold ticked higher 0.7% to $1,958.01 per ounce. The 10-year yield slipped four basis points to 3.969%. Bitcoin rose 0.56% to $29,315.01. Read the original article on Business Insider', '• Bitcoin mining machines are pouring into Russia amid its war in Ukraine, per CoinDesk.\n• As the US market becomes saturated, mining-rig makers have expanded into Russia.\n• According to the report, more mining machines are heading to Russia than anywhere else in the world.\nThe bitcoin mining industry has proven to be an unexpected beneficiary of Russia\'s invasion of Ukraine and Western sanctions. Hardware manufacturers, according toCoinDesk, have been doing more business in the country, with more mining machines flowing into Russia than anywhere else in the world.\nThanks to its cheap energy and cold weather, Russia has long been a hub for bitcoin mining, and after China banned it in 2021, Russia gained even more market share — all of which has continued amid the war.\nAlthough there\'s risk for foreign firms setting up shop in Russia, the conditions there and improving mining economics remain attractive, blockchain executives said at CoinDesk\'s Consensus 2023 festival.\nNot only that, but heightened regulatory scrutiny and taxes in the US and other countries have made previous options less enticing.\nTo the crypto firmCryptocurrency Mining Group, Russia will be the only nation to substantially accelerate hashrate growth, or the computational power being delivered to the blockchain.\n"Russia had to divert its energy flow from EU in 2022 and being left with large excess capacity, bitcoin mining can be its new client," the company wrote in a report. With cheap energy being a major contributor to mining profits, the region looks poised to develop and attract more business.\nSources told CoinDesk that manufacturers Bitmain and MicroBT are active and participating in the Russian market, with Bitmain listing a Moscow office on its website. Both companies, according to the report, offer repair services for local miners in Russia.\nMeanwhile, it\'s possible that wartime sanctions have actually provided a boon to the crypto industry.\nFirst, bitcoin mining offers a different source of revenue for power producers hampered by the weakening economy. Not only that, but the sector facilitates exchanging rubles for bitcoin, which is accepted globally, unlike Russia\'s local currency.\nRead the original article onBusiness Insider', 'People walk along closed empty Red Square with the Kremlin Wall in the background in Moscow, Russia, Tuesday, June 27, 2023. Life has returned to normal in the Russian capital after the abortive coup mounted by mercenary chief Yevgeny Prigozhin. (AP Photo/Alexander Zemlianichenko) Bitcoin mining machines are pouring into Russia amid its war in Ukraine, per CoinDesk. As the US market becomes saturated, mining-rig makers have expanded into Russia. According to the report, more mining machines are heading to Russia than anywhere else in the world. The bitcoin mining industry has proven to be an unexpected beneficiary of Russia\'s invasion of Ukraine and Western sanctions. Hardware manufacturers, according to CoinDesk , have been doing more business in the country, with more mining machines flowing into Russia than anywhere else in the world. Thanks to its cheap energy and cold weather, Russia has long been a hub for bitcoin mining, and after China banned it in 2021, Russia gained even more market share \x97 all of which has continued amid the war. Although there\'s risk for foreign firms setting up shop in Russia, the conditions there and improving mining economics remain attractive, blockchain executives said at CoinDesk\'s Consensus 2023 festival. Not only that, but heightened regulatory scrutiny and taxes in the US and other countries have made previous options less enticing. To the crypto firm Cryptocurrency Mining Group , Russia will be the only nation to substantially accelerate hashrate growth, or the computational power being delivered to the blockchain. "Russia had to divert its energy flow from EU in 2022 and being left with large excess capacity, bitcoin mining can be its new client," the company wrote in a report. With cheap energy being a major contributor to mining profits, the region looks poised to develop and attract more business. Sources told CoinDesk that manufacturers Bitmain and MicroBT are active and participating in the Russian market, with Bitmain listing a Moscow office on its website. Both companies, according to the report, offer repair services for local miners in Russia. Meanwhile, it\'s possible that wartime sanctions have actually provided a boon to the crypto industry. First, bitcoin mining offers a different source of revenue for power producers hampered by the weakening economy. Not only that, but the sector facilitates exchanging rubles for bitcoin, which is accepted globally, unlike Russia\'s local currency. Read the original article on Business Insider View comments', 'The beginning of the week saw the underwhelminglaunch of Worldcoin Protocol, along with its native cryptocurrency, WLD.\nWorldcoin is co-founded by Open AI CEO Sam Altman and the premise is at once utopian and dystopian: anyone wanting some WLD has to visit an ”Orb”—these can currently be found in Berlin, Dubai, London, Mexico City, Miami, New York City, San Francisco, Seoul, and Tokyo— and get a snapshot of their eyeballs taken.\nThis biometric data is used alongside verification of their government-issued ID to confirm someone’s personhood before distributing a set number of coins to them.\nWorldcoin believes it’s building the infrastructure to Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $570,749,626,600 - Hash Rate: 343365594.25571066 - Transaction Count: 423119.0 - Unique Addresses: 694496.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Adds comment, data from ADP, unemployment claims, ISM, fresh prices,) By Herbert Lash NEW YORK, July 6 (Reuters) - The dollar rebounded on Thursday after private payrolls and unemployment benefits reports indicated the U.S. labor market remains strong, raising the likelihood the Federal Reserve will raise interest rates later this month. The number of Americans filing new claims for unemployment benefits increased moderately last week, the Labor Department said, while private payrolls surged last month in the biggest increase since February 2022, an ADP National Employment report showed. A survey by the Institute for Supply Management (ISM) showed the U.S. services sector grew faster than expected in June as new orders picked up, adding to data indicating a resilient economy in the face of tighter monetary policy. While ISM showed a measure of prices paid by businesses fell to more than a three-year low, a sign inflation would continue to cool, Dallas Fed President Lorie Logan said she was very concerned "whether inflation will return to target in a sustainable and timely way." The dollar index, measuring the U.S. currency against six others, including the euro and Japan's yen, rose 0.18% to 103.51. The major central banks for the most part are fine-tuning monetary policy, and it's unclear when they will act as they alternate between hiking and pausing interest rates, said Brad Bechtel, global head of FX at Jefferies. "Given all these central banks are more or less in the same place in some way, shape or form, the dollar's going have a hard time" moving too much one way or the other, he said. "What the dollar has going forward is typically in a cycle where global growth is slowing like we're in now, the dollar outperforms." Markets are pricing in an 94.9% chance that the Fed will raise rates by 25 basis points at its policy meeting later this month, according to the CME Group's FedWatch Tool. The Japanese yen strengthened 0.03% versus the greenback at 144.58 as concerns about the global growth outlook, resulting from the aggressive monetary tightening by major central banks, weighed on risk appetite. The Japanese currency is traditionally considered as a safe haven asset. ONE DIMENSIONAL The pound hit a two-week high against both the euro and dollar as financial markets bet that the Bank of England will raise rates to 6.5% early next year, pushing the yield on the two-year UK government bond to its highest since June 2008. "The FX market is taking more of a 'one-dimensional approach' to trading the British disease," said Stephen Gallo, global FX strategist at BMO Capital Markets. "Instead of selling GBP in anticipation of an economic slowdown, it is buying GBP on the basis of interest rate differentials," Gallo said. The Chinese yuan last traded at 7.27177 per dollar in the offshore market, after having fallen about 0.4% the previous session. The central bank set a stronger-than-expected midpoint fixing for the fourth straight day this week, which traders believe is an attempt to prevent the yuan from weakening too fast and too far. Bitcoin hit a 13-month high of $31,500, continuing to find support due to recent plans by fund managers to launch a U.S.-listed spot bitcoin exchange-traded fund (ETF). Currency bid prices at 10:42 a.m. (1442 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index 103.5100 103.3400 +0.18% 0.019% +103.5700 +102.9100 Euro/Dollar $1.0838 $1.0853 -0.13% +1.15% +$1.0901 +$1.0834 Dollar/Yen 144.5950 144.6650 -0.04% +10.29% +144.6500 +143.5600 Euro/Yen 156.71 157.00 -0.18% +11.70% +157.0600 +155.8500 Dollar/Swiss 0.8992 0.8988 +0.06% -2.74% +0.8997 +0.8951 Sterling/Dollar $1.2678 $1.2703 -0.20% +4.83% +$1.2780 +$1.2674 Dollar/Canadian 1.3369 1.3285 +0.63% -1.33% +1.3370 +1.3276 Aussie/Dollar $0.6603 $0.6654 -0.78% -3.15% +$0.6688 +$0.6599 Euro/Swiss 0.9744 0.9755 -0.11% -1.53% +0.9766 +0.9738 Euro/Sterling 0.8547 0.8542 +0.06% -3.36% +0.8553 +0.8521 NZ $0.6134 $0.6179 -0.74% -3.41% +$0.6219 +$0.6133 Dollar/Dollar Dollar/Norway 10.8200 10.6820 +1.23% +10.18% +10.8240 +10.6520 Euro/Norway 11.7288 11.5894 +1.20% +11.77% +11.7333 +11.5690 Dollar/Sweden 10.9835 10.9373 +0.30% +5.53% +10.9906 +10.9223 Euro/Sweden 11.8995 11.8636 +0.30% +6.73% +11.9409 +11.8712 (Reporting by Herbert Lash; additional reporting by Samuel Indyk in London and Rae Wee in Singapore; Editing by David Holmes and Mark Potter)... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Illustration by Mitchell Preffer for Decrypt It was another underwhelming week for crypto markets as they appeared to cautiously price in the effects of yet another interest rate hike by the Federal Reserve on Wednesday. While this change was only 25 basis points, U.S. interest rates are now the highest they’ve been in 22 years. Over on Twitter—or should we call it X? Let’s stick with Twitter for now—many voices reacted loudly to Elon Musk’s rebrand, the first step towards his envisioned “ everything app .” It would take a whole separate article to capture the sprawling outcry, but seeing as both Musk and Twitter hold a place in the hearts of crypto fans, it’s worth highlighting that—according to a tweet by researcher Asuna Gilfoyle—Twitter may be tapping crypto for payments. Musk’s long affiliation with Dogecoin and Bitcoin make them obvious choices for the native currency. It appears that Twitter Payments LLC (a key entity in the potential "Twitter Coin" system) has obtained licenses from several states to handle crypto payments. cc/ @TitterDaily @nima_owji & @EvaFoxU pic.twitter.com/6666sR2ARR — Asuna Gilfoyle ⚡️ (@asunapg) July 24, 2023 Also of note, Twitter literally hijacked the original account holder of the @X handle after extensive public speculation as to the handle\'s potential worth to the company. It’s worth noting here that Twitter prohibits the sale of accounts and reached out offering the former account holder some merchandise and a meeting with the bosses. NEW: former owner of @x handle tells me he didn’t sell the account: “Twitter just took it essentially”. They offered some merchandise and a meeting https://t.co/gVMq4YbHKr pic.twitter.com/SM2MpMxXeg — James Titcomb (@jamestitcomb) July 26, 2023 If you’re one of the many who don’t like the aesthetics of the rebrand, you can do something about it , thanks to software engineer @0xCygaar . Story continues I\'m not a huge fan of the new X logo so I wrote a chrome extension that reverts the X back to the bird logo. You can see in the demo that the bird is restored in both the app as well as the tab icon. Long live the bird. pic.twitter.com/dmkNygEhNO — cygaar (@0xCygaar) July 25, 2023 Digital artist Beeple, who currently holds the record for the biggest NFT sale ever made after netting $69.3 million for his collection EVERYDAYS: The First 5,000 Days , was seen soliciting advice on Monday for his first ever purchase of an NFT profile pic. though I have commented on this space many times through the everydays, I have never actually purchased a single pfp until now… in the market for a punk, any pro tips??? 👀 pic.twitter.com/ZexvIsfQox — beeple (@beeple) July 24, 2023 On Tuesday, Chinese blockchain journalist Colin Wu reported mass layoffs (30%) at the Seychelles-headquartered KuCoin exchange. KuCoin responded that it is a normal performance appraisal. KuCoin is actively embracing compliance and focusing on core business development. — Wu Blockchain (@WuBlockchain) July 25, 2023 KuCoin CEO Johnny Lyu dismissed the news as unfounded rumors and reiterated the company line about the firings being part of a regular performance appraisal. 3/ The crypto world changes fast. To stay on top, we regularly evaluate our org structure based on employee performance and company development. So it is not layoffs, and it is all about making the organization more dynamic and competitive. — Johnny_KuCoin (@lyu_johnny) July 25, 2023 That day, crypto law expert @MetaLawMan wrote a thread outlining the four options he believes are left to the SEC in its ongoing lawsuit against Ripple. SEC v. @Ripple update. There\'s a lot of debate about what the SEC will do next in the Ripple case. I believe there are at least 4 options under consideration... — MetaLawMan (@MetaLawMan) July 25, 2023 Tweeter @SpreekAway shared news of a major exploit affecting lending protocol EraLend. Looks like @Era_Lend exploited on zkysnc for $1.7m USDC pic.twitter.com/kyErGYbL3v — Spreek (@spreekaway) July 25, 2023 OpenAI CEO Sam Altman tweeted a video of an around-the-block queue of people waiting to get their eyeballs scanned so they can receive free crypto from his side project Worldcoin. Worldcoin had a slightly underwhelming and controversial launch week, including a short-lived bump in the value of its native token WLD. It didn\'t help that Ethereum creator Vitalik Buterin said the project has “ major issues ” of privacy, accessibility, centralization and security and said that it could take years for the protocol to work satisfactorily. day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now. pic.twitter.com/vHRu1sWMT3 — Sam Altman (@sama) July 26, 2023 A grisly and deeply unfortunate crypto-related murder story made the rounds on Thursday. BREAKING: Missing millionaire crypto influencer Fernando Pérez Algaba found dismembered in suitcase. pic.twitter.com/Rf0I0QNBm5 — Daily Loud (@DailyLoud) July 27, 2023 Longtime Yuga Labs hater @PopPunkOnChain said he received calls from people who took one of his troll tweets seriously. See how misinformation sticks? I\'m fucking sobbing right now. I just got a call from a law firm based in San Diego. The guy said they\'re looking to talk to former employees of Yuga Labs and they saw my tweet announcing that I had left Yuga Labs recently. Milady world order Log in and spread misinformation — Harrison (@PopPunkOnChain) July 26, 2023 Caution: under no circumstances should you download one particular Korean real-time strategy classic on Steam. kingdom under fire, a korean rts on steam that originally released in 2001, has apparently been hijacked by a crypto scam company that says the blockchain acts as the master server lol pic.twitter.com/G1YNkeGyt1 — Tegiminis (@tegiminis) July 28, 2023 Jason Lowery, the author of an academic thesis about the military-strategic significance of Bitcoin, was seen doing some self promotion on Thursday. Aaand it sold out! For those asking what\'s been going on w/me, I was ordered to take SOFTWAR down & asked to stop talking about the subject publicly. Doesn\'t appear on MIT\'s library either. Can\'t talk details but things are good & I\'m working hard behind the scenes. Appreciate the kind words. — Jason Lowery (@JasonPLowery) July 27, 2023', "It was another underwhelming week for crypto markets as they appeared to cautiously price in the effects of yet another interest rate hike by the Federal Reserve on Wednesday. While this change was only 25 basis points, U.S. interest rates are now the highest they’ve been in 22 years.\nOver on Twitter—or should we call it X? Let’s stick with Twitter for now—many voices reacted loudly to Elon Musk’s rebrand, the first step towards his envisioned “everything app.”\nIt would take a whole separate article to capture the sprawling outcry, but seeing as both Musk and Twitter hold a place in the hearts of crypto fans, it’s worth highlighting that—according to a tweet by researcher Asuna Gilfoyle—Twitter may be tapping crypto for payments. Musk’s long affiliation with Dogecoin and Bitcoin make them obvious choices for the native currency.\nAlso of note, Twitter literally hijacked the original account holder of the @X handle after extensive public speculation as to the handle's potential worth to the company. It’s worth noting here that Twitter prohibits the sale of accounts and reached out offering the former account holdersome merchandise and a meetingwith the bosses.\nIf you’re one of the many who don’t like the aesthetics of the rebrand, you cando something about it, thanks to software engineer@0xCygaar.\nDigital artist Beeple, who currently holds the record for the biggest NFT sale ever made after netting$69.3 millionfor his collectionEVERYDAYS: The First 5,000 Days, was seen soliciting advice on Monday for his first ever purchase of an NFT profile pic.\nOn Tuesday, Chinese blockchain journalist Colin Wu reported mass layoffs (30%) at the Seychelles-headquartered KuCoin exchange.\nKuCoin CEO Johnny Lyu dismissed the news as unfounded rumors and reiterated the company line about the firings being part of a regular performance appraisal.\nThat day, crypto law expert@MetaLawManwrote a thread outlining the four options he believes are left to the SEC in its ongoing lawsuit against Ripple.\nTweeter@SpreekAwayshared news of a major exploit affecting lending protocol EraLend.\nOpenAI CEO Sam Altman tweeted a video of an around-the-block queue of people waiting to get their eyeballs scanned so they can receive free crypto from his side project Worldcoin. Worldcoin had a slightly underwhelming and controversial launch week, including ashort-lived bumpin the value of its native token WLD. It didn't help that Ethereum creator Vitalik Buterin said the project has “major issues” of privacy, accessibility, centralization and security and said that it could take years for the protocol to work satisfactorily.\nA grisly and deeply unfortunate crypto-related murder story made the rounds on Thursday.\nLongtime Yuga Labshater@PopPunkOnChainsaid he received calls from people who tookone of his troll tweetsseriously. See how misinformation sticks?\nCaution: under no circumstances should you download one particular Korean real-time strategy classic on Steam.\nJason Lowery, the author ofan academic thesisabout the military-strategic significance of Bitcoin, was seen doing some self promotion on Thursday. Aaand it sold out!"]... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $570,888,669,225 - Hash Rate: 437010756.32545 - Transaction Count: 645854.0 - Unique Addresses: 800500.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Texas is demonstrating its support for the bitcoin mining industry with the passage of two bills in the latest legislative session, while another bill that could have impacted miners was halted at the committee stage. The bills, SB 1929 and HB 591, aim to provide support and incentives for miners. SB 1929 requires miners with energy capacity over 75 megawatts to register with the Public Utilities Commission of Texas and share their data with the Electricity Reliability Council of Texas. HB 591, on the other hand, introduces tax exemptions for companies that utilize otherwise wasted gas, including data centers. However, a bill known as SB 1751, which could have limited the industry's participation in cost-saving demand-response programs, was stopped at the committee stage. Demand-response programs offer power credits to miners for reducing their operations during times of high energy demand. While the bill was not prioritized during the session and can be reintroduced in the future, industry advocates believe that increasing communication with the relevant authorities will improve transparency and publicly available data on mining, benefiting the industry as a whole. While Texas demonstrates its pro-mining stance, other states are also exploring their approaches to the industry. Arkansas and Montana have passed legislation to protect mining activities, while similar bills in Missouri and Mississippi did not advance. In contrast, New York has imposed a moratorium on new fossil fuel-based bitcoin mines, and Oregon is considering legislation to reduce greenhouse gas emissions from data centers, including miners. Meanwhile, the proposed 30% tax on bitcoin mining put forth by the Biden administrationappears to have stalled, as it did not make it into the recent bill on the debt ceiling.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: As the trading week begins in Asia, Bitcoin and Ether are experiencing minor declines. Insights: An exploit of stablecoin exchange Curve could threaten more than $100 million in crypto. PLUS: Russia\'s share of bitcoin mining rose when China banned the industry; now mining is booming in Russia. Prices Bitcoin Hovers Above 29K as Curve Exploit Works Its Way Through Market As Asia opens its trading week, bitcoin is up 0.3% to $29,415, and ether is down 0.6% to $1,869. So far, the market seems to have digested an exploit in the Curve stablecoin exchange without further contagion. As CoinDesk previously reported, a "re-entrancy" bug in Vyper, the programming language used in parts of Curve, put over $100 million worth of cryptocurrency at risk. Blockchain auditing firm BlockSec preliminarily estimated the total losses to be above $42 million. Elsewhere in the market, the Chia Network’s Gene Hoffman said in a recent interview with CoinDesk that despite a decoupling between stocks and tech stocks this year, Bitcoin and tech still have the potential for correlation due to ongoing mass adoption. “The coin usually tends to trade as if it were a tech stock. The tech earnings around are mixed to positive,” he said. “There\'s no real force to break things one side or the other." Hoffman also said he expects the market to move sideways in August due to the global vacation season but foresees a gentle move upward in all markets come September due to job support, an opening IPO market, and potential rate decreases after a final hike in the US. Finally, last week, Markus Thielen, Matrixport’s head of research and strategy, said in an interview with CoinDesk that traders should switch from bitcoin to bullish call options due to low volatility, enabling them to lock in current gains while potentially benefiting from future upside rallies. "This allows locking in the year-to-date gains for bitcoin, while the call option exposure allows participating in any upside rally," Thielen said. Story continues Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +12.5% Entertainment XRP XRP +7.5% Currency Avalanche AVAX +3.4% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −19.5% Smart Contract Platform Dogecoin DOGE −14.8% Currency Chainlink LINK −12.3% Computing Insights A Curve Breach Could Imperil More than $100M in Crypto Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, has been the victim of an exploit, according to a tweet from the project . Upwards of $100 million worth of cryptocurrency are at risk due to a “re-entrancy” bug in Vyper, a programming language used to power parts of the Curve system. Several stablecoin pools on the platform — used for pricing and liquidity on a number of different DeFi services — have been drained by hackers so far. Other projects that use the Vyper programming language could share the same vulnerability. As Asia opened its trading day, it was unclear how much had been drained from Curve as a result of the attack. BlockSec, a blockchain auditing firm, estimated the total losses above $42 million in a preliminary analysis posted to Twitter. Curve\'s CRV token was recently trading at 62 cents, off more than 16% over the past 24 hours. It changed hands as low as 59 cents, a more than 19% decline late Sunday after the breach. Russia\'s Bitcoin Mining Boom The bitcoin mining industry in Russia is booming, and hardware manufacturers Bitmain and MicroBT are positioning themselves to reap the benefits. More machines are flowing into Russia than anywhere else in the world, Ethan Vera, chief operating officer at global mining services firm Luxor Technologies, said at CoinDesk’s Consensus 2023 festival held last month in Austin, Texas. Russia has always been a powerhouse in Bitcoin hash rate – a measure of computational power being contributed to the blockchain – thanks to the availability of cheap energy and its cold climate. Russia’s share of world mining gained as China banned the industry in 2021 , making it the second- or third-largest in the world, according to one of its biggest mining firms . Important events. 9 a.m. HKT/SGT(1 a.m. UTC): China Non-manufacturing PMI (June) 1 p.m. HKT/SGT(5 a.m. UTC): Japan construction orders (June/YoY) 1 p.m. HKT/SGT(5 a.m. UTC): Japan Consumer Confidence (July) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Worldcoin Tokenomics in Focus; Palau Begins Stablecoin Trial on XRP Ledger Ripple VP of central bank engagements and CBDCs James Wallis explained why the country of Palau will be leveraging Ripple\'s CBDC platform. Bitwise Asset Management president Teddy Fusaro shared his crypto markets analysis as the highly anticipated project co-founded by OpenAI\'s Sam Altman launched its WLD token earlier this week. And, Eco App CEO Andy Bromberg discussed crypto wallet Beam going live. Headlines Bitcoin Won’t Be Stuck Below $30K for Long, Crypto Options Traders Bet: BTC losing the significant price level after a month is likely just a short-term deviation based on derivatives trading data, SynFutures CEO said. Sam Bankman-Fried Maybe Hasn’t Escaped Campaign Finance Charges: The Department of Justice pulled one charge, but it\'s still pursuing seven for trial this October – and another trial on different charges next March. Is the Worry Over Worldcoin Warranted?: No project since Facebook\'s Libra has generated such hue and cry from within the crypto community. Is it right to be concerned by Sam Altman\'s iris-scanning uber-ambitious UBI project? CORRECTION (July 30, 2023, 2:03): Corrects headline to correlation from decoupling.', 'Bitcoin and Ether prices dropped on Monday morning in Asia, but remained above the support levels of US$29,000 and US$1,800 respectively. The drop coincided with news of a hack at DeFi exchange Curve Finance. Most other top 10 non-stablecoin cryptocurrencies traded lower, with Tron’s TRX token leading the losers. The Forkast 500 NFT index dropped while U.S. equity futures edged higher. Analysts suggest that improved economic resilience and easing inflationary pressures will lead the Federal Reserve to pause interest rate hikes after its decision to raise the rate by 25 basis points in July.\nBitcoin dipped 0.36% in the last 24 hours to US$29,261 as of 07:45 a.m. in Hong Kong and lost 2.65% for the past seven days, according todatafrom CoinMarketCap. The world’s largest cryptocurrency reached a low of US$29,059 on Sunday, but remained above the support level of US$29,000.\nOn Sunday, decentralized stablecoin exchange Curve Finance reported a security flaw on the platform. According todatafrom smart contract auditing firm BlockSec, hackers drained an estimated US$41 million worth of cryptocurrencies from the platform as a result of the malfunction.\nCurve Finance is the third largest decentralized financial exchange (DEX) by 7-day trading volume, according to DeFi data trackerDefiLlama.\nCRV, the native token of Curve DAO and the Curve Finance platform, dropped over 13% in the past 24 hours. Its trading volume surged almost 15 times to over US$228 million, indicating panic among Curve Finance users.\n“Surprisingly, CRV DAO perpetual futures are still trading at a small premium, indicating that traders are more focused on moving positions away from the DEX (regarding total value locked) rather than shorting the token,” said Markus Thielen, Head of Crypto Research & Strategy at digital asset service platform Matrixport, in an emailed comment.\nEther fell 1.06% to US$1,862, holding a weekly loss of 1.38%.\n“The market has been trading soft and sideways since the surge around theXRP rulingearlier this month,”saidSingapore-based crypto asset trading firm QCP Capital in a Sunday market note.\n“However, the market is expecting a spike in volatility and possibly a large price increase in BTC towards the end of the year and into next year with theBlackrock spot ETF rulingas well as the Bitcoin Halving,” said QCP Capital.\nMost other top 10 non-stablecoin cryptocurrencies also logged losses, with Tron’s TRX token leading the losers. It fell 3.97% to US$0.08008, down 3.89% for the week.\nDespite the price drop, average daily transactions on the Tron network reached over 9 million in the second quarter of 2023. That daily volume has contributed to an annual rise of 91.24%, according to areportreleased by Coin98 Analytics on July 19.\nCardano’s ADA token was the only top 10 crypto logging gains. It edged up 0.39% to US$0.3141, but was still trading 0.98% lower for the week.\nMeanwhile, the thirdhalving eventfor Litecoin will occur Wednesday.\xa0 The halving event will cut the mining reward for each successfully minted Litecoin block from 12.50 LTC to 6.25 LTC, increasing its scarcity and potentially triggering a rise in the token’s price.\nLitecoin dipped 0.32% in the past 24 hours to US$94.13, but gained 1.00% in the past seven days.\nThe total crypto market capitalization fell 0.45% in the past 24 hours to US$1.18 trillion, while trading volume rose 36.21% to US$24.14 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nTheForkast 500 NFT indexfell 1.40% in the past 24 hours to 2,550.87 as of 10:45 a.m. in Hong Kong, a drop of 4.60% for the week and 10.53% for the month.\nForkast’s Ethereum, Solana, Polygon and Cardano NFT market indexes all logged losses. For the 30-day period, Cardano is the only network seeing an increase in its NFT index with a gain of 4.76%.\nTotal NFT trading volume fell 14.52% in the past 24 hours to US$15.74 million, according to data fromCryptoSlam. Volumes on the Ethereum, BNB Chain, Bitcoin Polygon and Cardano networks fell. The Solana and ImmutableX networks logged increases.\nTotal NFT trading volume in July totaled about Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-07-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $572,427,864,000 - Hash Rate: 366776884.7731455 - Transaction Count: 445666.0 - Unique Addresses: 677346.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and all other top 10 non-stablecoin cryptocurrencies gained in Friday afternoon trading in Asia. The gains come after Ripple Labs achieved apartial victoryon Thursday when a U.S. court ruled that Ripple Labs’ programmatic sales of the XRP cryptocurrency did not qualify as the offer and sale of investment contracts. The U.S. Securities and Exchange Commission (SEC) in 2020 accused Ripple of offering XRP as an unregistered security. The judgment marks a significant milestone in the three-year legal tussle between the San Francisco-based payments firm and the U.S. regulator. XRP rallied over 62% in the past 24 hours. See related article:What is XRP and what is Ripple? Bitcoin, the world’s largest cryptocurrency by market capitalization, gained 2.46% to US$31,115 in 24 hours to 4 p.m. in Hong Kong, and increased 3.69% on the week, according toCoinMarketCap data. Ether strengthened 6.46% to US$1,991 and rose 7.26% in the last seven days. Boosted by the ruling on the SEC-Ripple case, XRP led a rally in the crypto market on Friday, rising 62.71% to US$0.7674 and bringing its weekly gains to 65.47%. In asummary judgmenton Thursday, New York Southern District Court Judge Analisa Torres ruled that Ripple’s programmatic sales of the XRP token on public exchanges do not constitute securities, but the verdict also said that Ripple’s XRP sales to institutional investors violated securities laws. The SEC firstsuedthe San Francisco-based financial technology firm in 2020 on the grounds that XRP constituted a security. Ripple’s chief legal officer Stuart Alderoty called the judgment “a huge win” in atweeton Friday. “The only thing the Court found constitutes an investment contract is past direct XRP sales to institutional clients. There will be further court proceedings only on these institutional sales per the Court’s order,” Alderoty said. Coinbase, the largest crypto exchange in the U.S., said in atweetthat it is reopening trading of XRP. Other crypto exchanges like Crypto.com alsotweetedthat it is enabling XRP trading, while Kraken Prosaid on Twitterthat XRP is “back in full-trading mode” on its platform. “This can be considered a win because XRP is one of the more centralized foundations, with a prominent figurehead who offered standard sales via exchanges, and formal distribution programs. If XRP is not considered a security, nearly nothing sold via exchanges is,” Vincent Chok, CEO of Hong Kong-based consultancy First Digital, toldForkastin an emailed response. “If the court states that XRP is not a security, it strengthens the case for many other tokens that the SEC considers a security. The SEC has tried the regulation by enforcement tactic, but this ruling might make it think twice about its past approach,” Chok added. However, according to Ben Caselin, vice president and chief strategy officer at Dubai-based crypto trading platform MaskEX, the court’s ruling might be cause for some relief among investors, but this tug-of-war is far from over. “Due to their peer-to-peer and digital native nature, cryptocurrencies do not easily allow for regulation in the traditional sense, but, going forward, if projects and companies who issue tokens want to deal with the general public and institutional investors, they might want to practice more caution compared to a few years ago,” Caselin toldForkastin an emailed response. XRP’s 24-hour trading volume soared 1,743.38% to US$13.27 billion, while its market capitalization strengthened 64.52% to US$40.85 billion. The verdict on the Ripple vs. SEC lawsuit also boosted prices of all top 10 non-stablecoin cryptocurrencies. Cardano’s ADA token gained 22.88% to US$0.3526, bringing its weekly gains to 25.91%. Solana increased 31.98% to US$28.75 and is up 47.96% on the week. Polygon’s Matic token strengthened 17.96% to US$0.8555 in 24 hours and 29.4% on the week. The three cryptocurrencies saw double-digit losses in early June when the SEC labeled the tokens as financial securities in itslawsuitsagainst crypto exchanges Coinbase and Binance.US. “The resolution of the lawsuit could lead to increased investor and market confidence in XRP [which] could attract new investors and drive greater liquidity and trading volume for XRP,” Minal Thukral, executive vice-president of growth and strategy at CoinDCX, India’sfirst crypto unicorn, said in an emailed statement on Friday. The total crypto market capitalization rose 5.59% to US$1.25 trillion, while market volume increased 131.39% to US$70.53 billion in the past 24 hours. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. In the non-fungible token (NFT) market, the mainForkast 500 NFT indexedged up 0.27% to 2,706.85 in 24 hours to 6.45 p.m. in Hong Kong. Forkast’s Ethereum and Solana indices also gained in the same period. Total NFT sales volume on Ethereum blockchain gained 8.95% in the past 24 hours to US$17.07 million, according to data fromCryptoSlam. By collections, Ethereum-based Bored Ape Yacht Club recorded the highest 24-hour sales volume, rising 2.76% to US$2.09 million. NFT sales volume on the Bitcoin network declined 22.49% in 24 hours to US$2.68 million. Bitcoin’s $FRAM BRC-20 NFTs ranked the second-highest among collections. “CryptoPunks are gaining traction after Twitter users startedspeculatingthat a new cryptocurrency would be launched by an influencer named Pauly, who has been active in the Phunks community,” according to Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “Pauly is known as a co-defendant in the Yuga Labs vs Ryder Rips BAYC collection lawsuit, and also as potentially a co-creator of Yuga Labs’ $APE Coin,” Petscher added. Ethereum-basedCryptoPunksgained 9.01% in sales volume to US$927,929 in the past 24 hours, ranking it the fourth biggest collection. Asian stock markets mostly rose on Friday after the People’s Bank of China deputy governor Liu Guoqiangsaidthat China’s central bank will step up “countercyclical adjustments” to aid recovery of the world’s second-largest economy. The central bank would use monetary policy tools such as the reserve requirement ratio, medium-term lending facility, and open market operations to boost economic growth. China’sShanghai Composite, Hong Kong’sHang Seng, South Korea’sKospistrengthened while Japan’sNikkeidropped. India’s annual wholesale price index-based inflationdeclinedfor the third straight month to 4.12% in June compared to 3.48% in May. The decline was mainly due to lower prices of food products, mineral oils, crude petroleum and natural gas. India’sSensexindex at the Bombay Stock Exchange gained 0.77% at the close of trading hours on Friday. Earlier this month,Goldman Sachs saidthe world’smost populouscountry would become the world’ssecond largest economyby 2075, surpassing not only Japan and Germany but also the U.S. U.S. stock futures strengthened as of 8 p.m. in Hong Kong, with the Dow Jones Industrial Average futures, the S&P 500 futures, and the Nasdaq 100 Futures all in the green. The U.S.producer price index(PPI) released Thursday recorded a 0.1% year-on-year rise for June, down from 0.9% in May. The June figure is the smallest increase since August 2020. The data is also well below analystexpectationsof a 0.4% annual increase. The latest U.S.consumer price index, a key inflation indicator, slowed to 3% in June, beating market expectations of3.1%. It was also the smallest annual increase since March 2021, and brought inflation rates closer to the Federal Reserve’starget of 2%. Jeff Feng, co-founder of Sei Labs – a contributor to the Sei blockchain focused on trading – and a former Goldman Sachs analyst said that cooling inflation will be a boost to crypto markets. “This economic thaw doesn’t merely spell relief from the spiraling prices but is also poised to breed bullish sentiment across markets, especially for risk-on assets like cryptocurrencies. As the fear of inflation recedes, investors, buoyed by the healthier economic outlook, may be more inclined to channel their resources toward such assets,” Feng wrote. The Federal Reserve meets on July 26 to discuss its next move on interest rates which are currently between 5% and 5.25%. “We will still see a rate hike in July. The debate will intensify though, and we do not expect a move in September,” Keith Wade, chief economist and strategist at Schroders, said in an emailed statement on Friday. “The next move should prove to be the last hike in this cycle with cuts following thereafter,” Wade added. European bourses traded mixed on Friday as the benchmark STOXX 600 gained while Germany’s DAX 40 dropped during Friday afternoon trading hours in Europe. (updates with equities section.)... - Reddit Posts (Sample): [['u/bigoldbert23', 'How does bitcoin help prevent inflation?', 21, '2023-07-31 18:54', 'https://www.reddit.com/r/Bitcoin/comments/15elipm/how_does_bitcoin_help_prevent_inflation/', "Imagine we're in 2030 and after WW3 all current fiat currencies have collapsed. Slowly bitcoin takes hold as the only hard money still available to exchange for goods and services. By 2040 it's been adopted as the global currency. Governments and central banks can no longer fuck with money and the world is starting to rebuild on a bitcoin standard. All well and good. What I wondered is I often hear how a bitcoin standard would help prevent inflation, but I am not sure if this is true or possible. Let's say an apple costs 10 sats in this brave new world, but one year, there's a bad apple harvest and limited supply. Normal supply and demand economics would still apply, so the price of an apple rapidly doubles to 20 sats. Those with enough sats can pay the increased price, but for some, too expensive, and they can't afford to buy apples. In this example, the same situation would apply as it does now, except the governments could not try and tinker with the economy at their pleasure - or money print anymore.\n\nSo, am I missing something? Would a bitcoin standard help prevent this type of inflation or is this just inherent in a free market?", 'https://www.reddit.com/r/Bitcoin/comments/15elipm/how_does_bitcoin_help_prevent_inflation/', '15elipm', [['u/XxZeroFiatxX', 25, '2023-07-31 19:19', 'https://www.reddit.com/r/Bitcoin/comments/15elipm/how_does_bitcoin_help_prevent_inflation/ju87khh/', 'The price of apples could still go up if there\'s a bad harvest, but that wouldn\'t the norm. Right now the price of apples goes up during a good harvest because the government prints money to buy missles. We wouldn\'t have this persistent increase in prices of all goods under a bitcoin standard. It would be a transitory market response to a particular situation. So there wouldn\'t be a discussion on "inflation" as a macroeconomic trend, it would be a one-off event for the apple industry.', '15elipm']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening:\nPrices:Traders are taking aim at lending protocols following the attack on Curve\nInsights:Curve Finance chaos following its hack over the weekend has put a $168 million lending position held by founder Michael Egorov at greater risk of liquidation. PLUS: The litecoin Foundation and Ballet tease a collectible card sale.\nCoinDesk Market Index (CMI)\n1,229\n−8.3▼0.7%\nBitcoin (BTC)\n$29,273\n−195.9▼0.7%\nEthereum (ETH)\n$1,861\n−14.6▼0.8%\nS&P 500\n4,588.96\n+6.7▲0.1%\nGold\n$2,001\n+41.0▲2.1%\nNikkei 225\n33,172.22\n+413.0▲1.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,229", "\\u22128.3\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,273", "\\u2212195.9\\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,861", "\\u221214.6\\u25bc0.8%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,588.96", "+6.7\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,001", "+41.0\\u25b22.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["33,172.22", "+413.0\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nBitcoin, Ether Stable, CRV Slumps as Market Braces for Monster Liquidation\nAs Asia begins its business day, crypto majors like bitcoin and ether are stable, but it\'s a sea of red elsewhere.\nBitcoin is down 0.16% to $29,236, and ether is changing hands at $1,857, down 0.27%.\neToro US Investment Analyst Callie Cox blames seasonality as a reason why the crypto majors aren’t moving.\n“The seasonal patterns we see show that bitcoin prices have been a little bit weaker in August and September,” Cox said on CoinDesk TV\'s "First Mover" program. “People are going off to the beach; they\'re not looking at their portfolios or trading their portfolios.”\nBut elsewhere in the market, chaos is looming.\nCRV, the token attached to Curve Finance’s DAO,which recently suffered an exploitvia a bug in the programming language used in its tech stack, is down 10.3% to 56 cents.\nPart of the reason why the market is reacting in such a way is because of a lending position held by founder Michael Egorov on lending protocol Aave.\nEgorov currentlyhas a $168 million lending positionon Aave secured by CRV, which is drifting toward liquidation. Should this be liquidated, the rapid price declines would cause a cascading series of liquidations, and the liquidated assets would flood the market.\nAs such, lending protocol tokens like AAVE, Compound’s COMP, Maple Finance’s MPL, and Maker’s MKR are leading the market declines. AAVE is down 8%, while COMP has declined 8.8%, MPL is down 3.2%, and MKR 2%.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+12.8%", "DACS Sector": "Entertainment"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+7.5%", "DACS Sector": "Currency"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+4.2%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u221219.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u221213.4%", "DACS Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u221210.4%", "DACS Sector": "Computing"}]\nCurve Chaos Continues\nChaos at Curve Finance has put a $168 million lending position held by founder Michael Egorov at greater risk of liquidation, an event that – if it happens – could have giant implications across decentralized finance (DeFi). Egorov has $168 million of CRV – Curve’s native token – securing loans from multiple DeFi protocols, data on blockchain analytics siteDeBankshows. That equals almost34% of the token’s total market capitalization. Followingan exploitover the weekend at Curve, CRV’s price has sunk more than 20%, putting Egorov closer to levels where he’d get liquidated.\nLitecoin, Ballet\'s Silver Cards\nLitecoin is sometimes referred to as the “digital silver” to bitcoin’s reputation as “digital gold.” That reference appears to be the basis for a new crypto promotion by Litecoin creator Charlie Lee and his brother Bobby Lee, aiming to capitalize on a sudden surge in interest in the project, thanks to a quadrennial event in the blockchain’s lifecycle known as a “halving,” happening this week. Bobby Lee is CEO and co-founder ofBallet, a manufacturer of special cards used for “cold storage” or holding crypto offline. And he’s teamed up with his younger brother Charlie Lee, executive director of the Litecoin Foundation, to commemorate the blockchain’s third halving by creating 500 collectible cards made of 99.9% pure silver. The cards themselves – the silver alone – could carry a value ofroughly $40 a card, but they would also be loaded with 6.25 LTC, or $581 worth. They are expected to be sold for about $1,000, which means the premium would roughly represent intangible value to buyers. All proceeds from the sale will be donated to theLitecoin Foundationto further the blockchain’s adoption and development, according to Charlie Lee.\nMicroStrategy Q2 Earnings\n8:30 a.m. HKT/SGT(12:30 p.m. UTC):Jibun Bank Manufacturing PMI (July)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin Manufacturing PMI (July)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCurve Finance Drained of $50M in Latest DeFi Exploit; Bitcoin Flirts With $29.5K\nMore than $100 million worth of crypto could be at risk due to a bug impacting Curve, a stablecoin exchange at the center of Ethereum’s DeFi ecosystem. Ava Labs president John Wu weighed in on what this means for the state of the crypto industry, along with his thoughts on asset tokenization. eToro US investment analyst Callie Cox shared her outlook on bitcoin ahead of the July jobs report. And, DappRadar\'s Pedro Herrera discussed the future of decentralized social dapps.\nIRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens:The latest tax guidance from the Internal Revenue Service outlines how and when staking rewards are taxed.\nCoinbase’s New Base Blockchain Gobbled Up $68M in Ether, and It’s Not Even Officially Live Yet:Meme coin BALD’s 4,000,000% surge seemed to spark the huge inflows to the nascent crypto bridge.\nAfter the Curve Attack: What\'s Next for DeFi?:The $70 million weekend exploit of major platforms, including Curve, come at a time when developers are discussing changes to the prevailing AMM liquidity model.', 'Good morning. Here’s what’s happening: Prices: Traders are taking aim at lending protocols following the attack on Curve Insights: Curve Finance chaos following its hack over the weekend has put a $168 million lending position held by founder Michael Egorov at greater risk of liquidation. PLUS: The litecoin Foundation and Ballet tease a collectible card sale. Prices CoinDesk Market Index (CMI) 1,229 −8.3 ▼ 0.7% Bitcoin (BTC) $29,273 −195.9 ▼ 0.7% Ethereum (ETH) $1,861 −14.6 ▼ 0.8% S&P 500 4,588.96 +6.7 ▲ 0.1% Gold $2,001 +41.0 ▲ 2.1% Nikkei 225 33,172.22 +413.0 ▲ 1.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,229 −8.3 ▼ 0.7% Bitcoin (BTC) $29,273 −195.9 ▼ 0.7% Ethereum (ETH) $1,861 −14.6 ▼ 0.8% S&P 500 4,588.96 +6.7 ▲ 0.1% Gold $2,001 +41.0 ▲ 2.1% Nikkei 225 33,172.22 +413.0 ▲ 1.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin, Ether Stable, CRV Slumps as Market Braces for Monster Liquidation As Asia begins its business day, crypto majors like bitcoin and ether are stable, but it\'s a sea of red elsewhere. Bitcoin is down 0.16% to $29,236, and ether is changing hands at $1,857, down 0.27%. eToro US Investment Analyst Callie Cox blames seasonality as a reason why the crypto majors aren’t moving. “The seasonal patterns we see show that bitcoin prices have been a little bit weaker in August and September,” Cox said on CoinDesk TV\'s "First Mover" program. “People are going off to the beach; they\'re not looking at their portfolios or trading their portfolios.” But elsewhere in the market, chaos is looming. CRV, the token attached to Curve Finance’s DAO, which recently suffered an exploit via a bug in the programming language used in its tech stack, is down 10.3% to 56 cents. Part of the reason why the market is reacting in such a way is because of a lending position held by founder Michael Egorov on lending protocol Aave. Story continues Egorov currently has a $168 million lending position on Aave secured by CRV, which is drifting toward liquidation. Should this be liquidated, the rapid price declines would cause a cascading series of liquidations, and the liquidated assets would flood the market. As such, lending protocol tokens like AAVE, Compound’s COMP, Maple Finance’s MPL, and Maker’s MKR are leading the market declines. AAVE is down 8%, while COMP has declined 8.8%, MPL is down 3.2%, and MKR 2%. Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +12.8% Entertainment XRP XRP +7.5% Currency Terra LUNA +4.2% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −19.0% Smart Contract Platform Dogecoin DOGE −13.4% Currency Chainlink LINK −10.4% Computing Insights Curve Chaos Continues Chaos at Curve Finance has put a $168 million lending position held by founder Michael Egorov at greater risk of liquidation, an event that – if it happens – could have giant implications across decentralized finance (DeFi). Egorov has $168 million of CRV – Curve’s native token – securing loans from multiple DeFi protocols, data on blockchain analytics site DeBank shows. That equals almost 34% of the token’s total market capitalization . Following an exploit over the weekend at Curve, CRV’s price has sunk more than 20%, putting Egorov closer to levels where he’d get liquidated. Litecoin, Ballet\'s Silver Cards Litecoin is sometimes referred to as the “digital silver” to bitcoin’s reputation as “digital gold.” That reference appears to be the basis for a new crypto promotion by Litecoi Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $563,720,029,344 - Hash Rate: 361574375.7692712 - Transaction Count: 412219.0 - Unique Addresses: 734323.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A blockchain developer has reverse-engineered the code behind the Brazilian Central Bank Digital Currency (CBDC) and discovered an unsettling feature: the government has built in the ability to freeze funds and adjust balances. Pedro Magalhaes , founder of Web3 consulting company Iora Labs , reviewed the Application Programming Interface published by the monetary authority on its Github account. And he says the government has not been forthcoming with an explanation. They tend to keep things closed off and usually dont communicate with non-bankers," he told Decrypt , although he said he has had some general discussions on Github about the CBDC implementation. Honestly, they dont even need to care about public opinion. Vini Barbosa , reporter for Brazilian crypto news outlet Portal Do Bitcoin , took to social media to claim thathe spoke to the Brazilian authorities and confirmed Magalhaes findings. The ability to 'freeze or arrest amounts' held in [this system] is protected by current legislation in Brazil, according to the Central Bank," Barbosa tweeted . Brazilian banking authorities did not respond to a request for comment from Decrypt . Magalhaes, who first published the discovery on his LinkedIn profile for educational purposes, first thought the function would only refer to DeFi or CeFi, where it may be necessary to freeze the balances to complete a smart contract operationbut said the official response was that the central bank can do it any time it wants. Brazilians are scared, he said, due to the nation's financial history. In the 1990s, the countrys president froze finances for all Brazilians for 18 months. Magalhaes said the the only way to fight the central bank's excessive control over CBDC is to report it on social media. They will try hard to adopt it, and they have the power to do it," the expert in Ethereum s Solidity programming language told Decrypt . "As a blockchain developer, the only thing I've been asking for is: please, provide public smart contracts and let Brazilians know what the Central Bank is doing. View comments... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["MicroStrategy, the software developer that’s amassed a giant bitcoin (BTC) stash in recent years, may raise up to $750 million by selling more stock and plans to use the proceeds to buy more bitcoin, among other things. The announcement was made in a U.S. Securities and Exchange Commission filing late Tuesday. Bitcoin’s price rose noticeably in the aftermath, approaching $29,800 from around $29,200. (CoinDesk) Chairman Michael Saylor has gotten MicroStrategy heavily involved with bitcoin, buying billions of dollars worth since the pandemic. And he’s raised money to do so the old-fashioned way: selling more of the publicly traded company’s equity and bonds. This adds to that strategy. Read more: Michael Saylor Lost Big in the Dot-Com Bubble and Bitcoin’s Crash. Now He Aims to Rebound Again The company owned 152,800 bitcoin as of July 31 , which are now worth about $4.5 billion. “We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and working capital, and, subject to market conditions,” already issued bonds, according to MicroStrategy’s Tuesday filing. UPDATE (Aug. 2, 2023, 00:21 UTC): Updates BTC's price. View comments", "MicroStrategy, the software developer that’s amassed a giant bitcoin (BTC) stash in recent years, may raise up to $750 million by selling more stock and plans to use the proceeds to buy more bitcoin, among other things.\nThe announcement was made in a U.S. Securities and Exchange Commissionfilinglate Tuesday.Bitcoin’s pricerose noticeably in the aftermath, approaching $29,800 from around $29,200.\nChairman Michael Saylor has gotten MicroStrategy heavily involved with bitcoin, buying billions of dollars worth since the pandemic. And he’s raised money to do so the old-fashioned way: selling more of the publicly traded company’s equity and bonds. This adds to that strategy.\nRead more:Michael Saylor Lost Big in the Dot-Com Bubble and Bitcoin’s Crash. Now He Aims to Rebound Again\nThe company owned152,800 bitcoin as of July 31, which are now worth about $4.5 billion.\n“We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and working capital, and, subject to market conditions,” already issued bonds, according to MicroStrategy’s Tuesday filing.\nUPDATE (Aug. 2, 2023, 00:21 UTC):Updates BTC's price.", "MicroStrategy, the software developer that’s amassed a giant bitcoin (BTC) stash in recent years, may raise up to $750 million by selling more stock and plans to use the proceeds to buy more bitcoin, among other things.\nThe announcement was made in a U.S. Securities and Exchange Commissionfilinglate Tuesday.Bitcoin’s pricerose noticeably in the aftermath, approaching $29,800 from around $29,200.\nChairman Michael Saylor has gotten MicroStrategy heavily involved with bitcoin, buying billions of dollars worth since the pandemic. And he’s raised money to do so the old-fashioned way: selling more of the publicly traded company’s equity and bonds. This adds to that strategy.\nRead more:Michael Saylor Lost Big in the Dot-Com Bubble and Bitcoin’s Crash. Now He Aims to Rebound Again\nThe company owned152,800 bitcoin as of July 31, which are now worth about $4.5 billion.\n“We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and working capital, and, subject to market conditions,” already issued bonds, according to MicroStrategy’s Tuesday filing.\nUPDATE (Aug. 2, 2023, 00:21 UTC):Updates BTC's price.", 'What a week in non-fungible tokens! No, you didn\x92t miss a major happening or a hot mint, but there\x92s actually something to be excited about. The market and news are still very slow, with little trading volume, and tumbling sales. What\x92s significant in this week\x92s market is a smorgasbord of NFT offerings with actual utility that\x92s often overshadowed during hype cycles. Counter-Strike: Go skins from DMarket, gaming NFT cards from Gods Unchained, Sotheby\x92s new generative art platform launch, fantasy sports NFTs from Sorare, and an innovative Watch2Earn program backed by NFTs all showcase how diverse NFTs have become, and how much growth the industry has witnessed in just a few years. These NFTs span blockchains, with Mythos Chain, ImmutableX, Ethereum, and Binance, and importantly show how NFTs have large bases of collectors outside of Ethereum. NFTs are growing, and while it\x92s hard to see in the moment when we\x92re sometimes so fixated on prices, I implore you to zoom out and see how far NFTs have come. It\x92s an exciting time for NFTs and one that\x92s worth your attention, especially in this major bear market. The market itself is struggling as you would imagine. The CyberKongz Genkai mint couldn\x92t sell out 9,000 NFTs on Ethereum , so the mint instead was slashed to 3,000. The remaining NFTs were given as free bonus NFTs to anyone who purchased a Genkai. The Ronin side however sold out of their 3,000 NFTs in under an hour, showing that there are pockets of the ecosystem that still are hungry to collect Bitcoin\x92s Ordinals are having a hard time finding buyers in this market, and can\x92t even crack the top five in the blockchain rankings. The blockchain itself, once firmly in the second spot in the rankings, now has fallen to seventh with just US$4.2 million in secondary sales for the week. The limitations of Bitcoin have become a hindrance to growth. Without utility or high-end art, collectors have no little reason to trade on Bitcoin when they could be trading $BTC itself. However, ordinals saw a record-high 442,000 ordinals minted in a single day recently. Even if traders aren\x92t willing to collect ordinals on secondary, they\x92re still very active in the ecosystem itself. Story continues Total sales for July reached just US$493 million , the lowest since June 2021 when global sales were US$404 million. While the market was down from last week, it remained close to last week\x92s totals, maybe reflecting some incoming stability. Expect more of the same action for the foreseeable future, though the space can pivot at any moment on news or hype. Weekly Global NFT stats table Let\x92s take a look at what was moving the markets this week. Peep the Charts NFT collection rankings 8.2 DMarket has rocked this week with over US$5.2 million in sales from CS:GO, TF2, and other skins from some of the world\x92s biggest video games. Gods Unchained also has been hot with US$4.8 million in sales as gamers discover the deep gameplay on ImmutableX\x92s majorly popular NFT game. Sothebys \x92 new generative art platform saw its first release with an NFT drop from Vera Molnar. The auction sold at around 1 ETH, and secondary markets pushed the collections floor price to around 5 ETH. PLAYNFT gives Binance a position on the top collection rankings with US$1.7 million in sales. Their innovative Watch2Earn platform for content creators and their fans shows a unique use case for NFTs. Blockchains by NFT sales volume Ethereum\x92s sales reflect an 18% increase, up to US$9 million, but July\x92s US$271 million in sales is the lowest month of sales since June 2021. Binance is rocking into the third position with US$6 million in sales behind AIWorld Nodes and PLAYNFTs. Polygon\x92s news that the Palm blockchain will migrate to Polygon has yet to reflect in volume, with US$5 million in sales. Mythos and ImmutableX take the fifth and sixth spots, showing that gaming NFTs can compete all on their own with the other major blockchains. Bitcoin has fallen to the seventh spot, struggling to cross US$5 million in sales for the week. Noteworthy Happenings CryptoDickButts , one of the ultimate meme NFT collections to come from 2021 will be turning the project over to the biggest holder of their new series of four NFTs. The winner will get control over the official Twitter, Discord, and multi-signature wallet. MemeWhales did $1.1m in trading volume behind their trading bot that collectors can purchase access to via NFT. AIWorld Nodes on Binance allows collectors to purchase nodes that will power the AI platforms ecosystem. Holders can expect rewards through the platform\x92s currency, and more as they seemingly become validators. PROOF announced Grails series IV, which will see a new collection of art arrive from 20 as of yet unnamed artists. Previous artists include Deafbeef, Tyler Hobbs, Claire Silver, Matt Kane, Zancan, and other legends of NFT art. Expect this to be a major event that will use the Art Blocks Engine for the mint. The Palm blockchain along with their big brand NFTs like MLB, Netflix, NASCAR, and more are joining Polygon\x92s new 2.0 ecosystem.', 'What a week in non-fungible tokens! No, you didn’t miss a major happening or a hot mint, but there’s actually something to be excited about. The market and news are still very slow, with little trading volume, and tumbling sales. What’s significant in this week’s market is a smorgasbord of NFT offerings with actual utility that’s often overshadowed during hype cycles.\nCounter-Strike: Go skins from DMarket, gaming NFT cards from Gods Unchained, Sotheby’s new generative art platform launch, fantasy sports NFTs from Sorare, and an innovative Watch2Earn program backed by NFTs all showcase how diverse NFTs have become, and how much growth the industry has witnessed in just a few years. These NFTs span blockchains, with Mythos Chain, ImmutableX, Ethereum, and Binance, and importantly show how NFTs have large bases of collectors outside of Ethereum.\nNFTs are growing, and while it’s hard to see in the moment when we’re sometimes so fixated on prices, I implore you to zoom out and see how far NFTs have come. It’s an exciting time for NFTs and one that’s worth your attention, especially in this major bear market.\nThe market itself is struggling as you would imagine. The CyberKongz Genkai mint couldn’t sell out 9,000 NFTs onEthereum, so the mint instead wa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $566,175,931,031 - Hash Rate: 400593193.2983291 - Transaction Count: 390768.0 - Unique Addresses: 698941.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: While the major indexes were choppy, Meta Platforms stock popped on news of a new microblogging app. It was a sleepy start for stocks following the Fourth of July holiday, with the major indexes bouncing between positive and negative territory throughout Wednesday's session. The choppy price action came as market participants looked ahead to the mid-afternoon release of the minutes from the June Fed meeting (when it chose to pause hiking interest rates ) and continued into the close. The release of the Fed meeting minutes was the main event on today's relatively quiet economic calendar. The minutes showed that "some participants" favored another quarter-point rate hike at the June gathering, with those in support of this saying there were "few clear signs" that inflation was easing amid a still-strong labor market. However, "all participants continued to anticipate that … maintaining a restrictive stance for monetary policy would be appropriate" to reach the Fed's 2% inflation target, the minutes indicated . Meta takes aim at Twitter Meanwhile, there was plenty of single-stock action to keep investors on their toes. Meta Platforms ( META ), for one, jumped 2.9% after the Facebook parent said it will release this Thursday a microblogging app called Threads. The app is expected to compete with Elon Musk's Twitter. The latter social media app caused an uproar over the weekend when it said it would temporarily limit the number of posts unverified users can see in a day. Elsewhere, United Parcel Services ( UPS ) shed 2.1% after the Teamsters Union said the logistics giant "walked away" from contract negotiations. UPS, for its part, accused the union of ending discussions. The contract between the two parties expires at the end of this month. As for the major indexes, the Dow Jones Industrial Average slipped 0.4% to 34,288, the S&P 500 shed 0.2% to 4,446, and the Nasdaq Composite gave back 0.2% to 13,791. Story continues ETF popularity gained ground Q2 Interest in exchange-traded funds (ETFs) rose in the second quarter amid "a strong performance in the U.S. equity market and a risk-on investor mentality," says Aniket Ullal, head of ETF Data & Analytics at CFRA Research . Domestic equity ETFs, in particular, were popular over the three-month period, taking in $64 billion in net new inflows vs $2.5 billion in outflows in Q1. "The reversal in domestic equity ETF flows was sparked by the sharp rebound in U.S. equity performance in the first half of this year," Ullal says, with the recovery led by tech ETFs and growth ETFs – two strategies that "significantly underperformed" in 2022. Investors looking for the best ETFs to ride the risk-on rally have plenty of options at their disposal, including the best AI ETFs and the best Bitcoin ETFs . Cryptocurrencies were another area of the market that "received a significant boost this year after BlackRock filed for a spot bitcoin ETF," Ullal adds. Related Content Kiplinger's Weekly Earnings Calendar When Is the Next Fed Meeting? Spotlight on Jensen Global Quality Growth Fund... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies dipped in Thursday morning trading in Asia. While Bitcoin and Ether price volatility remains low, analysts suggest turbulence is on the horizon due to the upcoming decision on BlackRock’s Bitcoin ETF application and next year’s Bitcoin halving event. Conversely, Litecoin — which had its own halving event on Wednesday — posted the morning’s biggest drop among top 10 cryptos. The Forkast 500 NFT Index was down, while U.S. equity futures gained, partially recovering from a dip during regular trading on Wednesday. Anticipation building Bitcoin lost 0.12% in the last 24 hours to US$29,171.97 as of 6:45 a.m. in Hong Kong, according to data from CoinMarketCap. The world’s largest cryptocurrency briefly fell below the US$29,000 support line to a low of US$28,946.51 overnight. Ether also fell 0.35% to US$1,842.19 for a weekly loss of 1.50%. Bitcoin and Ether’s price volatility is at an unprecedented low, said Luuk Strijers, chief operating officer at Panama-based crypto derivatives exchange Deribit. “However, it’s important to note that the market anticipates a considerable upswing in volatility,” Strijers said. “This is largely driven by factors such as the upcoming ruling on the BlackRock spot ETF and the approaching Bitcoin Halvening.” In June, BlackRock — the world’s largest asset manager — filed an application to list a spot Bitcoin exchange-traded fund (ETF) for the U.S. market. The U.S. Securities and Exchange Commission (SEC) formally accepted the application for review on July 13. The regulator now has a maximum of 240 days to accept or reject it. Analysts at Bloomberg Intelligence this week upgraded their estimate for the chance the application would be approved from 50% to 65%, based on recent events including SEC chair Gary Gensler downplaying his role at the agency. Based on recent events and new information @ericbalchunas and I are officially increasing our spot #Bitcoin ETF approval odds to 65%. That's from 50% a couple weeks ago and 1% a few months ago. pic.twitter.com/VBLG8EYfoP — James Seyffart (@JSeyff) August 2, 2023 Earlier this week, six major U.S. asset managers including Grayscale and VanEck filed applications to launch ETFs for Ethereum futures. Story continues “Now we are once again seeing a flurry of applications for futures-based Ethereum ETFs, including an inverse “short” ETF from Proshares,” said Bradley Duke, founder and chief strategy officer at crypto exchange-traded product provider ETC Group. “There seems to be a growing acceptance at the SEC that crypto is an inevitable part of America’s investment landscape, and this is good news for crypto investors and service providers around the world,” Duke said. Meanwhile, Bitcoin’s next halving event is expected to take place in April 2024. The halving event will see the amount of new Bitcoin issued every 10 minutes cut in half from 6.25BTC to 3.125 BTC, increasing its scarcity. This is widely anticipated to produce a surge in the token’s price. However, professional market trader and finance author Peter Brandt predicted on Twitter last week that both the halving of Bitcoin and the “inevitable” approval of the BlackRock’s spot Bitcoin ETF in the U.S. will disappoint the optimists. “Over 48 years of speculation I have learned again and again that markets discount events before the events are events,” wrote Brandt. All other top 10 non-stablecoin cryptocurrencies by market capitalization were down. Litecoin led the losses, falling 6.44% to US$87.37 and is down 2.83% for the week. The Bitcoin-inspired cryptocurrency completed its halving event on Wednesday, which cut mining rewards in half for the token. Bloomberg reported that a Litecoin price drop followed its two prior halvenings. That is the opposite effect of Bitcoin halving events, which tend to produce a positive impact on price. Dogecoin also dipped 3.44% to US$0.07465 for a weekly decline of 4.35%. XRP also slipped 2.28% to US$0.6874, losing 4.16% in the past seven days as the shine comes off the recent ruling in favor of issuer Ripple in the case brought against it by the SEC. The total crypto market capitalization fell 0.26% in the past 24 hours to US$1.17 trillion, while trading volume rose 9.49% to US$40.52 billion. Time to shine for smaller NFT projects The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The Forkast 500 NFT index fell 0.61% in the past 24 hours to 2,490.35 as of 9:30 a.m. in Hong Kong. That drop contributed to a decline of 5.61% for the week and 9.56% for the month. Forkast’s Ethereum, Solana, Polygon and Cardano NFT market indexes all also logged losses. Total NFT trading volume fell 13.77% in the past 24 hours to US$17.86 million, according to data from CryptoSlam. Ethereum remained the top NFT network in terms of trade volume, but slipped 12.02% to US$12.20 million. Solana placed second in Cryptoslam’s blockchain ranking, gaining 24.80% to US$1.06 million. In terms of trade volume, NFT staple Bored Ape Yacht Club continued to top the collections chart as it rose 60.07% to US$1.23 million over the past 24 hours. Ethereum-based CryptoPunks ranked second in terms of sales volume. The collection added 2.54% to US$1.13 million, after Charleston-based digital artist Mike Winkelmann, better known as Beeple, announced the purchase of his first CryptoPunk on Thursday. appreciate all the kind words on this new lal' dude. thankful to have the opportunity to be a small part of this amazing community. this is the first PFP i have ever bought and it is a really long time coming. from the time i learned of NFTs this project has always stood out… pic.twitter.com/JAQarijzeK — beeple (@beeple) August 2, 2023 “He chose a fitting clown nose, joker eyes, mohawk punk, and when you see it you’ll probably agree — It screams “Beeple,”” wrote Yehudah Petscher, NFT strategist for Forkast Labs. “Coming in at over $200k, it’s a pricey flex, but well worth it to have a stake in the iconic NFT collection.” The DMarket and Gods Unchained Cards collections — which both provide in-game NFT items such as skins and other assets — ranked third and fourth in terms of sales volume. Petscher previously commented that sales of in-game assets of this kind are proving to be “bear market resistant,” staying in the top 5 ranking for an extended period. Polygon-based DraftKings NFT collection, from the sports betting entertainment platform of the same name, ranked ninth on Cryptoslam despite a 50.93% decline to US$394,603. The BNB chain-based PLAYNFT collection placed tenth, dipping 8.64% to US$221,070. PLAYNFT describes itself as a “cross-chain NFT utility platform” that connects NFT holders and creators to in-game content in blockchain-based games. “The market itself had a decent day in the green yesterday, with highest total sales since July 20th, but a decrease in sellers, buyers and total transactions from the prior few days,” wrote Petscher. “Lower volume on Ethereum gives projects on other chains a chance to shine, and that’s what we’re witnessing now with new projects entering the top 10 almost daily,” he added. U.S. equity futures mixed after Wednesday decline U.S. President Joe Biden \| Image: Getty Images The three major U.S. stock futures indexes were mixed as of 11:00 a.m. in Hong Kong following a considerable decline during regular trading on Wednesday. In Asia, the main stock indexes saw a second straight day of decline, with Japan’s Nikkei 225 falling by 1.42%. China’s Shanghai Composite, Hong Kong’s Hang Seng index and South Korea’s Kospi were all also down. Purchasing managers’ indexes in Japan and Hong Kong for July also declined below expectations. Hong Kong saw its private sector contract for the first time since December 2022. Global equity markets are showing the strain of the Fitch Ratings credit agency’s downgrade of the United States’ long term credit rating from AAA to to AA+. The decision, announced Tuesday, arrives after the U.S. debt ceiling standoff between Republican and Democratic lawmakers that threatened to derail global markets earlier in the year. U.S. Treasury Secretary Janet Yellen called Fitch’s credit downgrade “arbitrary and based on outdated data,” while White House officials released their own statement Tuesday saying they “strongly disagree” with the decision. “The ratings model used by Fitch declined under President Trump and then improved under President Biden,” said the White House statement. Elsewhere, Wednesday’s second quarter earnings reports from U.S. corporations were mixed. PayPal, Robinhood, Etsy and Qualcomm Technologies stocks slipped after posting disappointing quarterly results, while Ferrari, DoorDash, Tripadvisor and Unity Software announced positive earnings. Later on Thursday, U.S. heavyweights Apple and Amazon will announce their Q2 earnings. Meanwhile, the Federal Reserve — on summer recess in August — next meets to discuss interest rates on Sep. 19 and 20. After a 25 basis point hike in July, rates now stand between 5.25% to 5.50%, the highest since January 2001. In a Tuesday report , Bloomberg’s chief U.S. economist Anna Wong said that the Fed will likely hold rates steady at the September meeting. She said that softer wage growth and personal consumption data point to progress on disinflation. The CME FedWatch Tool predicts an 82% chance that the Fed will leave the interest rate unchanged at the next meeting. It predicts an 18% chance of another 25-basis-point hike. (Updates to add equities section)", 'Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies dipped in Thursday morning trading in Asia. While Bitcoin and Ether price volatility remains low, analysts suggest turbulence is on the horizon due to the upcoming decision on BlackRock’s Bitcoin ETF application and next year’s Bitcoin halving event. Conversely, Litecoin — which had i Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $566,139,790,350 - Hash Rate: 392789429.7925176 - Transaction Count: 476007.0 - Unique Addresses: 716303.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: In this piece, we will take a look at Jim Rogers's latest predictions and investments. If you want to see more predictions and investments in this selection, check out Jim Rogers's 5 Latest Predictions and Investments . The stock market has been on an impressive run, depicted by the Nasdaq and the S&P 500 posting double-digit gains and recouping all the losses accrued last year. The remarkable run comes after the market suffered a bear run in 2022 fueled by inflationary pressures, deteriorating economic conditions, and Federal Reserve's aggressive push to hike interest rates. According to legendary investor Jim Rogers who co-founded Quantum Fund with George Soros , investors should be extremely cautious as the next downturn could be more painful. While the market appears to be in a bull run, everything always comes to an end, as equities cannot move up forever. The fact that the current bull run appears to be fueled by a small clique of tech giants, including Meta Platforms, Inc. (NASDAQ: META ), Alphabet Inc. (NASDAQ: GOOGL ), NVIDIA Corporation (NASDAQ: NVDA ), Apple Inc. (NASDAQ: AAPL ), Amazon.com, Inc. (NASDAQ: AMZN ), and Microsoft Corporation (NASDAQ: MSFT ), also raises serious concerns about the sustainability of the bull run. One of the factors likely to trigger a correction into the bear territory is the extreme debt levels. According to the legendary investor, too much debt does not bode well with investors. "[In] 2008, we had a bear market because of too much debt," he said. "Look out the window since 2008, debt everywhere has skyrocketed,” said Rogers in an interview with real Vision While not as popular as George Soros, Jim Rogers rose to prominence as he helped steer Quantum Fund into generating 4,200% returns between 1973 and 1980 outperforming S&P 500's 47% gains. He retired at the age of 37 after making so much money that he would never need to work again. After parting ways with Soros in 1980 , Rogers spent most of his time travelling on a motorcycle around the world covering over 160,000 km over six contents. Story continues After retiring with abundant wealth, he pursued diverse interests, becoming an educator, traveling the world, and authoring several best-selling books. Rogers' investment approach involves focusing on specific countries, commodities, or themes he believes hold profit potential. While his current holdings are not publicly disclosed, he has expressed caution in buying new assets and has mentioned owning commodities, particularly gold and silver. Jim Roger’s net worth is believed to stand at about $300 million. He has been investing privately since leaving Quantum Fund in 1980 but does not disclose his holdings. Despite being out of the limelight for many years his experience and insights about the markets is always looked upon. Jim Rogers, often dubbed the Indiana Jones of the investing world, has a penchant for globetrotting in search of cost-effective investment opportunities. Rogers, now living in Singapore with his family, made it clear that he was not buying anything as he expects bad times at the start of the year. According to the legendary investor, the next bear market will be the worst in the lifetime, exacerbated by debt that has increased too much over the past 15 years. The remarks draw up parrels to the economic conditions leading up to the devastating 2009 financial crisis. Jim Rogers's Latest Predictions and Investments To support the predictions, the 80-year-old investors draw parallels from the inflationary crisis of 1980. Following that crisis, policymakers pursued a vigorous tightening of monetary policy, implementing substantial interest rate hikes, raising them to 21%, and pushing treasury yields to astronomical levels in an effort to counter high inflation. The outcome was the United States economy being thrust into a recession, causing significant turmoil in the stock market. With the scenario unfolding in today’s financial markets, investors ought to be extremely cautious even as the market appears to be in a strong uptrend. Rogers is already predicting trouble across all the markets, from property to stocks to bonds and currencies. Jim Rogers' warning of a bear market cannot be taken lightly, given his experience in leveraging market volatility as his advantage. In partnership with George Soros, he founded Quantum Funds in 1973 and navigated the fund through multiple market downturns and economic crises. Our Methodology Rogers believes it is high time investors and individuals remain vigilant and assess the risk exposure. The high debt levels and resemblance to previous crises should always be a stark reminder that market conditions can deteriorate instantly. Likewise, we have compiled Rogers biggest predictions and investment ideas from multiple sources. 10. Biggest Bear Market Run of a lifetime Prediction: June 2022 Best known for his contrarian investment strategy that emphasizes long-term trends, Rogers believes the world is staring at the ferocious bear run of a lifetime. In June of 2022 Rogers made that claim that the prevailing economic conditions resembled the period leading to the great financial crisis of 2008. Unlike in the past crisis, the current situation is exacerbated by extreme debt levels following the massive stimulus packages at the height of the COVID-19 pandemic. The debt levels have already fueled a stubborn inflationary pressure that refuses to go away. With the FED insisting on hiking interest rates until inflation tanks below 2%, it spells more doom for an economy trying to bounce back from the COVID-19-fueled slowdown. “Since 2008, the debt everywhere has skyrocketed. Gigantic increases in debt … So, I think it’s a simple statement that the next bear market will be the worst in my lifetime. Because the debt has gone up by such staggering amounts in the past 14 years,” Jim Rogers said in a statement. 9. Governments Exacerbate Crypto Risks Prediction: August 2022 According to the legendary investor, the biggest risk to cryptocurrencies is the government. The government wants to control everything, so they will always do everything within its power to ensure cryptocurrencies don’t succeed. In August of 2022, Rogers reiterated that he will not invest in crypto even though his wife was a big fan and had invested in then. “If and when all our money is on our computer, it’s going to be government money,” he said in a recent interview with Bloomberg Crypto. “That’s not the way bureaucrats think. That’s not the way politicians think. They want control. They want to regulate everything.” Rogers does not expect the world to convert to Bitcoin or adopt cryptocurrencies as it has been touted in many circles. Even though digital assets live in the computer, it will always be government computer money, given the kind of regulations always in play. The remarks echo the stringent regulatory scrutiny that has seen many governments try to curtail the mining and trading of cryptocurrencies. China has been at the forefront of regulations significantly hurting cryptos' sentiments and prospects. Likewise, the governments have sought to foster the development of central bank-powered decentralized cryptocurrencies that they will always be in a position to control, unlike normal cryptocurrencies. 8. Inflation Will Persist for Long Prediction: September 2022 The US Federal Reserve has hiked interest rates at the fastest pace to highs of 5.5%. In the process, they have succeeded in pushing inflation from four-decade highs of 9.2% to about 3%. In September if last year Rogers reiterated inflationary pressures are far from over, even as the FED embarked on aggressive monetary tightening. According to Rogers inflation problem will only go away partially because governments have printed so much money in recent years. Therefore, even if it has come down significantly, it still needs to be finished. The legendary investor has warned that a move by the central banks to hike interest rates in the race to address the inflation problem could end up being catastrophic. For starters, it could be the trigger that will end up tipping the economy into recession. 7. Recession is Inevitable and going to be Bad Prediction: October 2022 Due to the high inflation environment, the economy will not avoid recession, according to Jim Rogers. The fact that it has been the longest time in history that the US has struggled with serious problems heightens the prospect of the economy plunging into recession. While the recession might have already started, according to Rogers, it’s not been bad because there have been some good things along the way. However, things are likely to turn out for the worst as debt has gone up so much over the past 15 years. 6. Agriculture Key to Fighting Inflation and Recession Prediction: October 2022 While the focus has been on emerging technologies such as artificial intelligence, blockchain, and cryptocurrencies, Rogers insists that agriculture will always be key. While agriculture might not seem as exciting as revolutionary technologies, it will always be an essential part of the economy and society. Therefore, Rogers believes agriculture is yet to gain the traction it deserves in the global economy, therefore, providing interesting and significant investment opportunities. "Agriculture has been a disaster for years," he said . "And usually, if you buy a disaster, things turn out OK." Given the consistent demand for food, even on soaring inflation or recession, agriculture will always provide opportunities for growth and diversification of investment portfolios. In addition, rogers believe investors should always pay close watch to housing since food and shelter are part of basic human needs. Click to continue reading and see Jim Rogers's 5 Latest Predictions and Investments . Suggested articles: 10 Best Rated Penny Stocks to Buy According to Analysts Billionaire Jeff Vinik's Stock Picks and 10-Year Performance 10 Stock Market Forecasts Nex... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Bloomberg) -- Asian regulators have stolen a march on the US by clarifying crypto rules, exemplified by Hong Kong’s first licenses for trading platforms under the city’s new digital-asset framework.\nMost Read from Bloomberg\n• US Bank Shares Drop as Moody’s Cuts Ratings, Warns on Risks\n• Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion\n• Musk Says He May Need Surgery, Will Get MRI on Back and Neck\n• The Global South Breaks Away From the US-Led World Order\n• WeWork Tumbles After Raising ‘Substantial Doubt’ About Future\nHong Kong opened up to mass-market trading following confirmation Thursday that HashKey Exchange and OSL had won permits that legalize the retail trading of tokens, part of the city’s push to become a global hub for virtual assets.\nHong Kong implemented its mandatory crypto framework in June, the same month that Japan’s stablecoin law became operative and South Korea approved its first standalone digital-asset bill. Indonesia is starting up a government-backed crypto exchange to underpin the sector there.\nThe region’s officials are seeking to learn the lessons of last year’s $1.5 trillion digital-asset rout and a spate of global bankruptcies, like the wipeout of the FTX exchange, to create frameworks that protect investors while remaining attractive to firms — a challenging balancing act.\n“There may be short-term pain as the industry grapples with this leveling up,” said Angela Ang, senior policy adviser at blockchain intelligence firm TRM Labs and a former regulator at the Monetary Authority of Singapore. “But we could see long-term gains in the form of a well-governed, productive crypto ecosystem in Asia, if the industry invests in risk management and works with regulators to define fit-for-purpose crypto rules.”\nThe US, meanwhile, is mired in a crypto fog amid dueling court judgments, a turf war between regulatory agencies and disputes about proposed laws. Other jurisdictions, like the European Union and Dubai, have also detailed crypto rulebooks. The elephant in the room is China, which has banned crypto but where there are mounting signs of citizens flouting the prohibition.\nHere’s a look at digital-asset rules in key Asian jurisdictions:\nHong Kong\nLicensed crypto exchanges in Hong Kong can offer trading to individuals and institutions but retail investors are restricted to larger coins like Bitcoin and Ether. The framework stresses the need for adequate risk assessment, insurance cover and asset custody. Virtual-asset companies have given the rulebook a guarded welcome but have yet to commit major investment.\nThe government has allowed exchange-traded funds investing in CME Group Bitcoin and Ether futures, and sold its inaugural digital green bonds, which use digital ledgers to make the settlement and coupon payment process faster. A mandatory licensing regime for stablecoins — a type of crypto token that’s meant to hold a constant value — is due by 2023-2024.\nRead more: Hong Kong Opens to Retail Crypto Trading With New Licenses\nJapan\nJapan expanded its digital-asset rulebook when its stablecoin law — one of the first among major economies — went into effect mid-year. Soon after, Mitsubishi UFJ Financial Group Inc. said it’s in discussions with multiple parties about using its blockchain platform, Progmat, to issue stablecoins tied to foreign currencies — including the US dollar — for use globally.\nPrime Minister Fumio Kishida’s economic agenda includes support for the growth of so-called web3 firms. The term “web3” refers to a vision of a decentralized internet built around blockchains, crypto’s underlying technology. Japan has moved toward easing some crypto rules, such as on token listing and taxation, but overall is viewed as having strict regulations.\nRead more: Japan’s Biggest Bank MUFG in Talks to Issue Global Stablecoins\nSouth Korea\nSouth Korea approved its first standalone digital-asset bill just over a year after the implosion of tokens created by countryman Do Kwon exacerbated a crypto-market rout. The code defines virtual assets and imposes penalties for transgressions such as the use of nonpublic information, market manipulation and unfair trading practices.\nThe legislation gives the Financial Services Commission the power to oversee crypto operators as well as asset custodians. The Bank of Korea would also be able to probe such platforms. The act requires insurance coverage, reserve funds and necessary record keeping. The rules cover assets such as Bitcoin, while existing capital-markets law applies to tokens deemed securities.\nRead more: South Korea Passes Inaugural Crypto Bill After Spate of Scandals\nSingapore\nThe city-state’s goal is to develop a hub for productive uses of blockchain, such as tokenizing real-world assets that are currently hard to trade. At the same time, officials are curbing retail-investor participation in crypto-related trading and investments given the history of high volatility in digital assets.\nIn July, Singapore said it will require crypto exchanges to keep customer assets in a trust before the end of the year. The nation will also push ahead with a proposal to ban lending and staking for retail investors. Staking is the process of pledging coins to help operate a blockchain in return for rewards.\nRead more: Singapore Tells Crypto Platforms to Keep Client Money in a Trust\nAustralia\nAustralia has indicated it plans a consultation on licensing and custody requirements for cryptoasset service providers that will begin in coming weeks. That development came after an opposition lawmaker introduced a private bill to regulate the digital-asset industry. Meanwhile, the nation’s big banks have curbed access to crypto platforms due to risks from scams.\nRead more: Australia’s NAB Blocks Some Payments to Riskier Crypto Exchanges\nIndonesia\nIndonesia is drawing on the structure of the stock market to revamp crypto trading and mitigate the risks exposed by the collapse of FTX. A key plank of the plan, a state-backed crypto bourse where private-sector platforms will execute trades, is due to become operational in August. The blueprint resembles the way stock markets work by separating trading, clearing and custody under official oversight.\nRead more: FTX Mess Spurs Indonesia to Revamp Crypto With National Exchange\nMost Read from Bloomberg Businessweek\n• Teen Gamers Swiped $24 Million in Crypto, Then Turned on Each Other\n• A Digital Dollar Is for Banks and Governments, But Not You\n• Private Credit Funds Move From Mergers to Timeshares and Car Loans\n• Honoring the Enslaved Man Who Made Jack Daniel’s First Whiskey\n• China’s Reluctance on Stimulus Will Cap 2023 Growth\n©2023 Bloomberg L.P.', '(Bloomberg) -- Asian regulators have stolen a march on the US by clarifying crypto rules, exemplified by Hong Kong’s first licenses for trading platforms under the city’s new digital-asset framework. Most Read from Bloomberg US Bank Shares Drop as Moody’s Cuts Ratings, Warns on Risks Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion Musk Says He May Need Surgery, Will Get MRI on Back and Neck The Global South Breaks Away From the US-Led World Order WeWork Tumbles After Raising ‘Substantial Doubt’ About Future Hong Kong opened up to mass-market trading following confirmation Thursday that HashKey Exchange and OSL had won permits that legalize the retail trading of tokens, part of the city’s push to become a global hub for virtual assets. Hong Kong implemented its mandatory crypto framework in June, the same month that Japan’s stablecoin law became operative and South Korea approved its first standalone digital-asset bill. Indonesia is starting up a government-backed crypto exchange to underpin the sector there. The region’s officials are seeking to learn the lessons of last year’s $1.5 trillion digital-asset rout and a spate of global bankruptcies, like the wipeout of the FTX exchange, to create frameworks that protect investors while remaining attractive to firms — a challenging balancing act. “There may be short-term pain as the industry grapples with this leveling up,” said Angela Ang, senior policy adviser at blockchain intelligence firm TRM Labs and a former regulator at the Monetary Authority of Singapore. “But we could see long-term gains in the form of a well-governed, productive crypto ecosystem in Asia, if the industry invests in risk management and works with regulators to define fit-for-purpose crypto rules.” The US, meanwhile, is mired in a crypto fog amid dueling court judgments, a turf war between regulatory agencies and disputes about proposed laws. Other jurisdictions, like the European Union and Dubai, have also detailed crypto rulebooks. The elephant in the room is China, which has banned crypto but where there are mounting signs of citizens flouting the prohibition. Here’s a look at digital-asset rules in key Asian jurisdictions: Hong Kong Licensed crypto exchanges in Hong Kong can offer trading to individuals and institutions but retail investors are restricted to larger coins like Bitcoin and Ether. The framework stresses the need for adequate risk assessment, insurance cover and asset custody. Virtual-asset companies have given the rulebook a guarded welcome but have yet to commit major investment. Story continues The government has allowed exchange-traded funds investing in CME Group Bitcoin and Ether futures, and sold its inaugural digital green bonds, which use digital ledgers to make the settlement and coupon payment process faster. A mandatory licensing regime for stablecoins — a type of crypto token that’s meant to hold a constant value — is due by 2023-2024. Read more: Hong Kong Opens to Retail Crypto Trading With New Licenses Japan Japan expanded its digital-asset rulebook when its stablecoin law — one of the first among major economies — went into effect mid-year. Soon after, Mitsubishi UFJ Financial Group Inc. said it’s in discussions with multiple parties about using its blockchain platform, Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $568,048,599,525 - Hash Rate: 314751794.7344015 - Transaction Count: 318486.0 - Unique Addresses: 641787.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin Cash (BCH) has surged by 36.5% in the past three-days after EDX, theexchange backed by Fidelity, Schwab and Citadel, listed the token alongside bitcoin (BTC), ether (ETH) and litecoin (LTC). In the past 24-hours it has increased by more than 10% to $143, its highest level since February, according toCoinDesk data. Open interest, a metric used to assess the nominal value of open trades on a specific asset, has risen by 77% to a nine-month high $135 million according toCoinalyze data. The rise in open interest suggests a shift in positive sentiment with hopes that the asset can experience institutional adoption after being listed on EDX. Bitcoin Cash was issued in July 2017 after it forked the original Bitcoin's blockchain. It made a record high of $2,947 during the peak of the 2017 bull market. However, despite early optimism, adoption of Bitcoin Cash as a payments network has paled into insignificance compared to its sibling. Over the past seven days, the total amount of transactions on the Bitcoin Cash network worth more than $100,000 is at$129 million. Bitcoin, meanwhile, has facilitated $75 billion in transactions during the same period, according toIntoTheBlock data.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["• US stocks finished lower after reversing earlier gains as Apple dragged down indexes.\n• Apple stock tumbled 4.8% as quarterly revenue continued to drop.\n• The monthly jobs report came in at 187,000, slightly under expectations for July.\nUS stocks finished lower on Friday after giving up earlier gains, while capping off a weekly loss for the markets.\nApple stocktumbled by 4.8% after reporting quarterly revenue declined again. Meanwhile,Amazonjumped 9% as earnings beat forecasts.\nElsewhere, the Labor Department's jobs report for July showed payrolls expanded by 187,000, below estimates. But wages grew faster than expected, potentially adding pressure on the Federal Reserve to stay hawkish.\nFor the week, the Dow lost 1%, the S&P 500 fell 2.3%, and the Nasdaq dropped 2.8%.\nHere's where US indexes stood at the 4:00 pm ET closing bell on Friday:\n• S&P 500: 4,478.03, down 0.53%\n• Dow Jones Industrial Average: 35,065.62, down 0.43% (150.27 points)\n• Nasdaq Composite: 13,909.24, down 0.36%\nHere's what else is happening:\n• Ukraine'sattack on a Russian naval vesselhalted commodity shipments from a key Black Sea port.\n• Alphabet sold90% of its stake in Robinhood last quarteras the trading platform loses active users.\n• The US debt-to-GDP ratiocould reach 181% by 2053, leading to disaster, a new research report said.\n• Carl Icahn's firm plummeted30% after halving paymentsto shareholders.\n• Mortgage payments are19% more expensive than last year, Redfin reported.\nIn commodities, bonds and crypto:\n• West Texas Intermediate crudeoil climbed 1% to $82.72 per barrel.Brent crude, oil's international benchmark, gained 0.71% to $86.12.\n• Goldfell 0.05% to $1,941.14 per ounce.\n• The yield on the10-year Treasurysank 14.5 basis points to 4.04%.\n• Bitcoinslipped 0.64% to $29,239.9.\nRead the original article onBusiness Insider", "Spencer Platt/Getty Images US stocks finished lower after reversing earlier gains as Apple dragged down indexes. Apple stock tumbled 4.8% as quarterly revenue continued to drop. The monthly jobs report came in at 187,000, slightly under expectations for July. US stocks finished lower on Friday after giving up earlier gains, while capping off a weekly loss for the markets. Apple stock tumbled by 4.8% after reporting quarterly revenue declined again. Meanwhile, Amazon jumped 9% as earnings beat forecasts. Elsewhere, the Labor Department's jobs report for July showed payrolls expanded by 187,000, below estimates. But wages grew faster than expected, potentially adding pressure on the Federal Reserve to stay hawkish. For the week, the Dow lost 1%, the S&P 500 fell 2.3%, and the Nasdaq dropped 2.8%. Here's where US indexes stood at the 4:00 pm ET closing bell on Friday: S&P 500 : 4,478.03, down 0.53% Dow Jones Industrial Average : 35,065.62, down 0.43% (150.27 points) Nasdaq Composite : 13,909.24, down 0.36% Here's what else is happening: Ukraine's attack on a Russian naval vessel halted commodity shipments from a key Black Sea port. Alphabet sold 90% of its stake in Robinhood last quarter as the trading platform loses active users. The US debt-to-GDP ratio could reach 181% by 2053 , leading to disaster, a new research report said. Carl Icahn's firm plummeted 30% after halving payments to shareholders. Mortgage payments are 19% more expensive than last year , Redfin reported. In commodities, bonds and crypto: West Texas Intermediate crude oil climbed 1% to $82.72 per barrel. Brent crude , oil's international benchmark, gained 0.71% to $86.12. Gold fell 0.05% to $1,941.14 per ounce. The yield on the 10-year Treasury sank 14.5 basis points to 4.04%. Bitcoin slipped 0.64% to $29,239.9. Read the original article on Business Insider", 'Bitcoin\'s 30-year volatility is close to a five-year low, per Bloomberg. Marco Bello/Getty Images The price of Bitcoin is as stable as it\'s been for five years, according to one gauge. That\'s largely because nobody is trading the token anymore. Investors fled crypto after a nightmarish 2022 – and bitcoin\'s still way below its $69,000 record. Bitcoin is finally behaving like gold –\xa0because interest in cryptocurrencies has dried up over the past year. A gauge that measures the token\'s 30-day volatility is trading close to a five-year low, according to a recent report by Bloomberg citing data from digital assets research firm K33 . That means bitcoin is steadier than the S&P 500 benchmark of US-listed stocks, the tech-heavy Nasdaq Composite , and even gold. However, trading volume for bitcoin has also faded to its lowest level since November 2020, per K33. The data reflects the sad reality for digital-asset evangelists. Institutional and retail investors alike turned away from the sector over what was a nightmarish 2022, when rapidly rising interest rates and the spectacular collapse of high-profile companies such as FTX cratered bitcoin\'s price. And while other riskier assets like stocks have rebounded this year, bitcoin still trades at under $30,000 – more than 50% below the peak of almost $69,000 in November 2021. It briefly rallied after the world\'s largest asset manager, BlackRock, said it wanted to launch a spot ETF tracking the token\'s price, but has seen that run fizzle out in recent weeks. Bitcoin\'s newfound sturdiness is a cruel twist on bulls\' long-held belief that it could one day become a form of " digital gold " – crypto\'s version of a "safe haven" that investors turn to in times of trouble. To an extent, their vision for a low-volatility asset has now come to life\xa0 –\xa0but only because nobody really cares about crypto anymore. Read the original article on Business Insider', '• The price of Bitcoin is as stable as it\'s been for five years, according to one gauge.\n• That\'s largely because nobody is trading the token anymore.\n• Investors fled crypto after a nightmarish 2022 – and bitcoin\'s still way below its $69,000 record.\nBitcoinis finally behaving likegold–\xa0because interest in cryptocurrencies has dried up over the past year.\nA gauge that measures the token\'s 30-day volatility is trading close to a five-year low, according to a recent report byBloombergciting data from digital assets research firmK33.\nThat means bitcoin is steadier than theS&P 500benchmark of US-listed stocks, the tech-heavyNasdaq Composite, and even gold.\nHowever, trading volume for bitcoin has also faded to its lowest level since November 2020, per K33.\nThe data reflects the sad reality for digital-asset evangelists.\nInstitutional and retail investors alike turned away from the sector over what was a nightmarish 2022, when rapidly rising interest rates andthe spectacular collapse of high-profile companies such as FTXcratered bitcoin\'s price.\nAnd while other riskier assets like stocks have rebounded this year, bitcoin still trades at under $30,000 – more than 50% below the peak of almost $69,000 in November 2021.\nItbriefly ralliedafter the world\'s largest asset manager, BlackRock, said it wanted to launch a spot ETF tracking the token\'s price, but has seen that run fizzle out in recent weeks.\nBitcoin\'s newfound sturdiness is a cruel twist on bulls\' long-held belief that it could one day become a form of "digital gold" – crypto\'s version of a "safe haven" that investors turn to in times of trouble.\nTo an extent, their vision for a low-volatility asset has now come to life\xa0 –\xa0but only because nobody really cares about crypto anymore.\nRead the original article onBusiness Insider', '• The price of Bitcoin is as stable as it\'s been for five years, according to one gauge.\n• That\'s largely because nobody is trading the token anymore.\n• Investors fled crypto after a nightmarish 2022 – and bitcoin\'s still way below its $69,000 record.\nBitcoinis finally behaving likegold–\xa0because interest in cryptocurrencies has dried up over the past year.\nA gauge that measures the token\'s 30-day volatility is trading close to a five-year low, according to a recent report byBloombergciting data from digital assets research firmK33.\nThat means bitcoin is steadier than theS&P 500benchmark of US-listed stocks, the tech-heavyNasdaq Composite, and even gold.\nHowever, trading volume for bitcoin has also faded to its lowest level since November 2020, per K33.\nThe data reflects the sad reality for digital-asset evangelists.\nInstitutional and retail investors alike turned away from the sector over what was a nightmarish 2022, when rapidly rising interest rates andthe spectacular collapse of high-profile companies such as FTXcratered bitcoin\'s price.\nAnd while other riskier assets like stocks have rebounded this year, bitcoin still trades at under $30,000 – more than 50% below the peak of almost $69,000 in November 2021.\nItbriefly ralliedafter the world\'s largest asset manager, BlackRock, said it wanted to launch a spot ETF tracking the token\'s price, but has seen that run fizzle out in recent weeks.\nBitcoin\'s newfound sturdiness is a cruel twist on bulls\' long-held belief that it could one day become a form of "digital gold" – crypto\'s version of a "safe haven" that investors turn to in times of trouble.\nTo an extent, their vision for a low-volatility asset has now come to life\xa0 –\xa0but only because nobody really cares about crypto anymore.\nRead the original article onBusiness Insider', "Block, Inc. (NYSE: SQ ) Q2 2023 Earnings Call Transcript August 3, 2023 Block, Inc. beats earnings expectations. Reported EPS is $0.39, expectations were $0.35. Operator: Good day, ladies and gentlemen, and welcome to the Block Second Quarter 2023 Earnings Conference Call. I would now like to turn the call over to your host, Nikhil Dixit, Head of Investor Relations. Please go ahead. Nikhil Dixit: Hi, everyone. Thanks for joining our second quarter 2023 earnings call. We have Jack and Amrita with us today. We will begin this call with some short remarks before opening the call directly to your questions. During Q&A, we will take questions from our customer Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $565,250,840,700 - Hash Rate: 400593193.2983291 - Transaction Count: 500723.0 - Unique Addresses: 729623.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: ProShares and Bitwise have filed an application with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) focused on bitcoin (BTC) and ether (ETH). According to ProShares' filing , the Bitcoin and Ether Equal Weight ETF will measure "the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts." Bitwise also filed for a Bitcoin and Ether Market Weight ETF . In recent months, excitement has mounted over the possibility a spot bitcoin exchange-traded fund could soon be approved. At present, the U.S. only allows for investment in bitcoin futures ETFs , which are backed by bitcoin derivatives. The latest filing adds to ProShares' roster of crypto-related funds, which include a bitcoin futures ETF. In December, the group filed an application with the SEC for an ETF focused on the metaverse. UPDATE (Aug 4, 04:40 UTC) : Adds Bitwise details to story and headline.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['After years of rampant speculation and frantic tea-leaf reading by cryptocurrency fans—and Dogecoin fans in particular—tech billionaire Elon Musk coldly put to rest any prospects of Twitter (or X) launching its own crypto token. The news came not in a formal announcement, or even a Twitter post, but in a reply to another user. "Elon Musk and 𝕏 never launched a crypto token," warned user @DogeDesigner —who has 240,000 followers and several past interactions with both Musk and now-CEO of X Linda Yaccarino. The tweet included an image of news article headlines falsely claiming that it had. Musk replied with a stern one-liner : “And we never will.” Twitter\'s \'X\' Rebrand: All the Things Elon Musk Has Planned for the \'Everything App\' Despite this clear-cut rejection of a Twitter-led cryptocurrency—coming in the middle of a major rebranding effort—it is not an outright denouncement of cryptocurrency support or related features in a future X " everything app ." And Musk\'s previous history with digital assets might also leave room for doubt. Elon is well known for his fanaticism for Dogecoin ( DOGE ), a memecoin that was spawned as a joke for the crypto community to stop taking itself so seriously. The self-proclaimed “Dogefather” drew widespread attention last year when he bought Twitter for $44 billion, and not long after, swapped the iconic blue-bird logo for an image of the Shiba Inu dog that characterizes Dogecoin–causing the token to soar by 20% and the billionaire to earn himself a $258 billion lawsuit for alleged insider trading and racketeering. Dogecoin Surges 9% After Cryptic Elon Musk Tweets Link DOGE and X Indeed, he has sent the crypto community plenty of mixed signals over the years. In 2021, Doge developers exclusively told Decrypt they were working with Musk for years to make a cheaper, greener alternative to Bitcoin. And earlier this year, news surfaced that the company was working on a product that would supportive of crypto payments—although there wasn’t much information on which token would be used. While crypto fanatics can probably rule out a TwitterCoin or XCoin for now, the door is still not fully closed to cryptocurrency in Musk\'s next act. View comments', 'After years of rampant speculation and frantic tea-leaf reading by cryptocurrency fans—and Dogecoin fans in particular—tech billionaireElon Muskcoldly put to rest any prospects of Twitter (or X) launching its own crypto token.\nThe news came not in a formal announcement, or even a Twitter post, but in a reply to another user.\n"Elon Musk and 𝕏 never launched a crypto token," warned user@DogeDesigner—who has240,000 followers andseveral past interactionswith both Musk andnow-CEOof X Linda Yaccarino.The tweetincluded animageof news article headlines falsely claiming that it had.\nMusk replied with astern one-liner: “And we never will.”\nTwitter\'s \'X\' Rebrand: All the Things Elon Musk Has Planned for the \'Everything App\'\nDespite this clear-cut rejection of a Twitter-led cryptocurrency—coming in the middle of amajorrebranding effort—it is not an outright denouncement of cryptocurrency support or related features in a future X "everything app." And Musk\'s previous history with digital assets might also leave room for doubt.\nElon is well known for his fanaticism for Dogecoin (DOGE), a memecoin that was spawned as a joke for the crypto community to stop taking itself so seriously.\nThe self-proclaimed “Dogefather” drew widespread attention last year when hebought Twitterfor $44 billion, and not long after, swapped the iconic blue-bird logo for an image of the Shiba Inu dog that characterizes Dogecoin–causing the token to soar by 20% and the billionaire to earn himself a$258 billion lawsuitfor alleged insider trading and racketeering.\nDogecoin Surges 9% After Cryptic Elon Musk Tweets Link DOGE and X\nIndeed, he has sent the crypto community plenty ofmixedsignals over the years.\nIn 2021, Doge developers exclusivelytoldDecryptthey were working with Musk for years to make a cheaper, greener alternative to Bitcoin. And earlier this year, news surfaced that the company was working on a product that would supportive of crypto payments—although there wasn’t much information on which token would be used.\nWhile crypto fanatics can probably rule out a TwitterCoin or XCoin for now, the door is still not fully closed to cryptocurrency in Musk\'s next act.', "Bangkok, Thailand--(Newsfile Corp. - August 5, 2023) - RXT Token, a prominent issuer in the cryptocurrency industry, announces the successful conclusion of the first session of its world tour for the preparation of the mega project, Bitcoinland Malaysia. The event took place in Bangkok, Thailand.\nFigure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_001full.jpg\nSaturday night at Pullman King Power Bangkok, the RXT Team and BitcoinMan exchanged crypto knowledge with the Thai Crypto Community.\nFigure 2To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_002full.jpg\nFigure 3To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_003full.jpg\nThe purpose of this event was to introduce RXT's mega project property in Malaysia, known as Bitcoinland, to various key opinion leaders (KOLs) in Thailand. Additionally, RXT took the opportunity to unveil an upcoming web-based game that enables players to earn through gameplay.\nThailand, recognized as a thriving crypto hub in Southeast Asia, provided the ideal backdrop for this meeting. Its robust infrastructure supports numerous crypto communities and has attracted several world-class exchanges to relocate their operations to the country.\nRXT values the opportunity to expand its network and connect with the vibrant Thai crypto community. This event served as a significant milestone in strengthening RXT's presence in the region.\nAdditionally, RXT took the opportunity to inform the entire Thai crypto community that it will soon be releasing a web-based Play-to-Earn game,https://Metaverse.RXT.World.\nJohn [email protected] Digital LLCGeorgia - Tiblisi\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/176121", "Bangkok, Thailand--(Newsfile Corp. - August 5, 2023) - RXT Token, a prominent issuer in the cryptocurrency industry, announces the successful conclusion of the first session of its world tour for the preparation of the mega project, Bitcoinland Malaysia. The event took place in Bangkok, Thailand. Figure 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_001full.jpg Saturday night at Pullman King Power Bangkok, the RXT Team and BitcoinMan exchanged crypto knowledge with the Thai Crypto Community. Figure 2 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_002full.jpg Figure 3 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_003full.jpg The purpose of this event was to introduce RXT's mega project property in Malaysia, known as Bitcoinland, to various key opinion leaders (KOLs) in Thailand. Additionally, RXT took the opportunity to unveil an upcoming web-based game that enables players to earn through gameplay. Thailand, recognized as a thriving crypto hub in Southeast Asia, provided the ideal backdrop for this meeting. Its robust infrastructure supports numerous crypto communities and has attracted several world-class exchanges to relocate their operations to the country. RXT values the opportunity to expand its network and connect with the vibrant Thai crypto community. This event served as a significant milestone in strengthening RXT's presence in the region. Additionally, RXT took the opportunity to inform the entire Thai crypto community that it will soon be releasing a web-based Play-to-Earn game, https://Metaverse.RXT.World . John Henderson [email protected] Rimaunangis Digital LLC Georgia - Tiblisi To view the source version of this press release, please visit https://www.newsfilecorp.com/release/176121", "Bangkok, Thailand--(Newsfile Corp. - August 5, 2023) - RXT Token, a prominent issuer in the cryptocurrency industry, announces the successful conclusion of the first session of its world tour for the preparation of the mega project, Bitcoinland Malaysia. The event took place in Bangkok, Thailand.\nFigure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_001full.jpg\nSaturday night at Pullman King Power Bangkok, the RXT Team and BitcoinMan exchanged crypto knowledge with the Thai Crypto Community.\nFigure 2To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_002full.jpg\nFigure 3To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/176121_7c5b16ab6446cab0_003full.jpg\nThe purpose of this event was to introduce RXT's mega project property in Malaysia, known as Bitcoinland, to various key opinion leaders (KOLs) in Thailand. Additionally, RXT took the opportunity to unveil an upcoming web-based game that enables players to earn through gameplay.\nThailand, recognized as a thriving crypto hub in Southeast Asia, provided the ideal backdrop for this meeting. Its robust infrastructure supports numerous crypto communities and has attracted several world-class exchanges to relocate their operations to the country.\nRXT values the opportunity to expand its network and connect with the vibrant Thai crypto community. This event served as a significant milestone in strengthening RXT's presence in the region.\nAdditionally, RXT took the op Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $565,467,494,500 - Hash Rate: 426605738.3177011 - Transaction Count: 607275.0 - Unique Addresses: 771973.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: He's doing it again. On Wednesday, Elon Musk tweeted something dumb about cartoon dog Scooby-Doo with the caption "Doges ftw"—the latest in his periodic efforts to get the meme coin Dogecoin trending, and goose its value in the process. His Scooby tweet did the trick as the price of Dogecoin brieflyspiked3% in 15 minutes, adding around $320 million in market cap. We've seen this dynamic play out again and again—most famously after Musk talked up the Shiba Inu-themed token onSaturday Night Live—but it's still not clear why he's doing it. One explanation is that it's an easy way to make money since he owns a bag of Doge. If you're Musk, it's really simple: Tweet about the token, watch the price jump, and then reap some profits before doing it again a few months later. Bloomberg's Matt Levine explored Musk's motives in acolumnlast month: "I assumed that Musk wasnotdoing this obvious trade. He was certainly tweeting about Dogecoin, and he had certainly bought some Dogecoin, but I just figured that he was not in fact optimizing his financial returns on the trading-plus-tweeting. He was busy running Tesla and SpaceX and the tunnel thing and probably several other companies at the time (this was pre-Twitter); his whole schtick was about building stuff, not just dumb manipulation of meaningless abstract financial markets. Still the opportunity was so obvious!" Levine concluded that, on balance, Musk was probably not out to manipulate the market even if a group of Doge owners filed a class action suit claiming he did. Instead, Levine figured that the billionaire was probably doing what he likes to do best: troll the hell out of people. That's probably the best guess. I dislike Musk because he's an emotional cripple with fascist leanings who is actively destroying the world's most important news platform, but I can also see the appeal of moving markets with just a tweet. On its best days, Fortune Crypto can publish ascoopthat will lead to token prices jumping or falling, but it takes days of research and effort. Musk, meanwhile, can produce a $300 million gain or loss just by tweeting about Scooby-Doo. Sounds like fun. As for why people mess with meme coins in the first place, I still don't get it. Dogecoin doesn't aspire to do anything, and its own creators say the whole thing has always been a dumb joke, yet still people buy it. Maybe it's a case of profound financial illiteracy. Or if you want a darker explanation, maybe it's because many younger Americans have concluded that growing class disparities mean they will never be able to buy a home and other middle class stuff, so they might as well gamble on Doge and meme stocks. It's hard to say. As for Musk, even if he is manipulating the market to pocket some easy profits, that's probably not illegal. Dogecoin is an early proof-of-work coin based on the same technology as Bitcoin, and it was always going to be an uphill for battle for the SEC to prove it's a security—now, after the big Ripple ruling, that task is nigh impossible. So Musk is free to tweet doggy memes for fun or profit and, for anyone inclined to buy Dogecoin for the hell of it, knock yourselves out. Jeff John [email protected]@jeffjohnroberts This story was originally featured onFortune.com More from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Good morning. Here’s what’s happening: Prices: Bitcoin remains stagnant at $29K, teasing $30K. What will it take to push it past $30K? Insights: Crypto has new radicals, and DeFi isn\'t dead. Prices CoinDesk Market Index (CMI) 1,212 −2.9 ▼ 0.2% Bitcoin (BTC) $29,012 −27.5 ▼ 0.1% Ethereum (ETH) $1,827 −8.6 ▼ 0.5% S&P 500 4,478.03 −23.9 ▼ 0.5% Gold $1,979 +39.3 ▲ 2.0% Nikkei 225 32,192.75 +33.5 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,212 −2.9 ▼ 0.2% Bitcoin (BTC) $29,012 −27.5 ▼ 0.1% Ethereum (ETH) $1,827 −8.6 ▼ 0.5% S&P 500 4,478.03 −23.9 ▼ 0.5% Gold $1,979 +39.3 ▲ 2.0% Nikkei 225 32,192.75 +33.5 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin is a Stablecoin? As Asia’s markets open after the weekend, bitcoin (BTC) is at $29,012 while ether (ETH) is changing hands at $1,827 – which made for a volatility-free weekend. “Another week of relative stability for BTC and ETH bodes well for bulls,” Joe DiPasquale, CEO of BitBull Capital said in a note. "There have been some developments in the space, ranging from the Curve hack to more altcoin mania on Base. The market has, however, not reacted too harshly, and ETH has managed to defend $1800.” Aside from shenanigans in Decentralized Finance (DeFi), which never fails to deliver, the broader crypto market is expected to be slow until a spot bitcoin exchange-traded fund (ETF) is approved. The amount of liquid and highly liquid Bitcoin supply is at its lowest since 2018, while illiquid supply reaches all-time highs, and long-term holders are stashing coins away, Blockware Intelligence wrote in a recent newsletter . Meanwhile, there\'s significant positive momentum in the creation of new addresses, indicating a general increase in on-chain demand, similar to trends observed exiting the bear market in 2019. In a recent note , K33 Research’s Vetle Lunde, calls July’s trading volume “anemic” but writes that the market is on a precipice of change. Story continues The crypto market experienced an atypical drought with remarkably low trading volumes and BTC volatility near five-year lows, but the low activity could lead to a sudden eruption of volatility, he writes, with potential catalysts including ETF filings, ongoing legal matters, and structural pressures, prompting strategies such as passive long volume exposure and gradual BTC accumulation. “A deep crypto sleep tends to be followed by a violent wake-up. The market’s volatility pressure is about to climax, and that an eruption is near," he said in the note. The only question is, when? Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +3.3% Smart Contract Platform Solana SOL +2.7% Smart Contract Platform Loopring LRC +2.2% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Shiba Inu SHIB −8.4% Currency Gala GALA −3.5% Entertainment Dogecoin DOGE −1.5% Currency Insights Crypto and the Real Meaning of \'Radicalism\': In the past four to five years, political thought within crypto has significantly widened, with Ethereum\'s smart contracts attracting economic engineers interested in balanced societal structures, the emergence of theories like "Radical Markets" and “regenerative economics," and the rise of "The Blockchain Socialist" as a platform discussing American economic imperialism and the left-wing perspective on privacy, challenging crypto\'s largely libertarian mainstream, argues a new book by Joshua Dávila – aka The Blockchain Socialist. DeFi Definitely Isn\'t Dead: The summer of 2020\'s DeFi era, characterized by excesses like yield farming, has evolved with decentralized platforms emerging as leaders and adopting professional expansion strategies, but the sector still struggles with concentrated power and the challenges of programmers acting as financiers, reflecting an ongoing experimental phase with a potential for mistakes. Important events 9:30 a.m. HKT/SGT August 9 (01:30 Aug 9 UTC): China Inflation Rate YoY 8:30 p.m. HKT/SGT August 10 (12:30 Aug 9 UTC): U.S. Core Inflation Rate YoY CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase Beats Analyst Estimates for Q2; Bitcoin Trades Sideways After July Jobs Report Coinbase beat analyst estimates for the second quarter, reporting revenues of $708 million and adjusted earnings of a loss of $0.42. Headlines NFT Trading Is Ice Cold But Developers Are Still Hot for Web3 : This week, new reports were released that point to a major slowdown in NFT trading. Plus, Etihad Airways will soon let its community of frequent fliers stake NFTs for miles. Global X Refiles Spot-Bitcoin ETF Application, Naming Coinbase as ‘Surveillance-Sharing’ Partner : The filing comes around the same time the firm requested permission to offer a bitcoin-futures ETF. America’s Credit Rating Helps Make Case for Bitcoin : Fitch’s downgrade of U.S. debt this week is a warning to American policymakers and r underscores why Bitcoin and other open monetary systems matter, says Michael Casey.', 'Bitcoin traded flat on Monday morning in Asia, staying just above the US$29,000 support level, while the token’s volatility rating hit a record low. Ether also treaded water, as other top 10 non-stablecoin cryptocurrencies traded mixed with Solana leading the winners. Meanwhile, the Forkast 500 NFT index edged lower and U.S. stock futures moved up following losses last week. Investors now await another busy week of corporate earnings reports and U.S. inflation data.\nBitcoin edged down 0.03% in the last 24 hours to US$29,039.48 as of 07:50 a.m. in Hong Kong and down 0.78% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency briefly traded below the US$29,000 support level over the weekend.\nEther also dipped 0.48% to US$1,826, and moved down 1.89% over the past seven days.\n“The most fluctuation in Bitcoin over the last week and a half has been around US$29,200. And this is interesting because during this time, the dollar has gone into a growth mode, and there has been significant profit-taking in the equity market,” wrote Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro.\n“The market has been waiting for new signals, equally ready to return to growth or continue to fall,” Kuptsikevich said. “A drop below US$28,800 could quickly take the market to US$28,000 or even US$27,000. A rise above US$29,500 would open a quick path to US$30,000 and on to US$31,000.”\nThe Bitcoin volatility index by crypto options trading platformDeribit, which indicates the expected volatility for Bitcoin over the next 30 days, hit an all-time-low of 34.02% on Monday. Meanwhile, crypto analytics firm K33 Research noted on Friday that Bitcoin’s 5-day average volatility dropped lower than Gold, Nasdaq and S&P500 in the week ending July 30.\n“This session is symptomatic of something we’ve seen playing out over the past few months but is even more pronounced now: nothing,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market makerKeyrock. “We haven’t seen BTC make a 1%+ move from open to close in what feels like forever.”\n“It’s worth checking with oneself for any hint of complacency; crypto markets typically don’t reward inertia. Investors will find it very hard to position themselves, though, as positive news about crypto ETFs and engagement by institutions are balanced by regulatory woes and DeFi hacks,” added d’Anethan.\nOther top 10 non-stablecoin cryptocurrencies were mixed as Solana led the winners. It gained 2.51% to US$23.18, but logged a weekly loss of 4.47%.\nDogecoin led the losers, falling 1.97% to US$0.07418, down 4.92% for the week.\nThe total crypto market capitalization dipped 0.12% in the past 24 hours to US$1.16 trillion, while trading volume gained little, adding 1.42% to US$20.62 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexedged up 0.28% in the past 24 hours to 2,459.91\xa0 as of 10:50 a.m. in Hong Kong, down 3.34% for the week. However, Forkast’s Ethereum, Solana and Polygon NFT market indexes all logged losses, with only the Cardano index moving higher.\nTotal NFT trading volume fell 12.78% in the past 24 hours to US$14.78 million, according to data fromCryptoSlam.\nBy NFT collections, Mythos Chain-based game NFT marketplace DMarket posted the largest 24-hour trading volume. Ethereum-based Bored Ape Yacht Club (BAYC) and ImmutableX-based Gods Unchained Cards made up the second and third place spots.\nWreck League, an NFT-based fighting game backed by Web3 venture capital and game development firm Animoca Brands,announceda licensing agreement with BAYC developer Yuga Labs on Thursday.\nThat agreement will see Yuga Labs’ NFT collections incorporated into the game. The game will be launched in September.\nAccording to a Sundayreportby the Bored Ape Gazette, a news site funded by theApeCoin DAO, Wreck League’s in-game NFTs will be minted exclusively with ApeCoin. ApeCoin is the governance and utility token used in the Yuga Labs ecosystem.\nFollowing the news, ApeCoin’s price rose to a weekly high of US$2.04 on Sunday, according to CoinMarketCap data.\nElsewhere, the U.S. Federal Bureau of Investigation (FBI)issueda warning Saturday about NFT phishing scams. The FBI claims that fraudsters, posing as NFT developers, are using fake social media accounts to trick users into linking their digital wallets to smart contracts that extract their digital funds.\nAnd the bad news for developers isn’t over.\nAccording to a Bloombergreportpublished Saturday, total NFT royalties received by creators plunged from US$269 million in January 2022 to only US4.3 million in July 2023.\nA significant decline in NFT trades coupled withcompetitionbetween NFT marketplaces OpenSea and Blur has drastically d Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $562,127,397,500 - Hash Rate: 379783157.2828315 - Transaction Count: 427534.0 - Unique Addresses: 676210.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Hopes surrounding a potential U.S. Bitcoin ETF filing by investment giant BlackRock fueled a bullish sentiment among some traders early Friday. Bitcoin regained the $25,500 level to erase declines of the past two days, when it fell to as low as $24,860. The move provided some respite to major tokens such as Polygon Network’s MATIC and Cardano’s ADA, which eased some losses from a two-day slide. Dogecoin (DOGE) led gains among major tokens with a 4% move in the past 24 hours; litecoin added (LTC) added 3.3%. On Thursday, CoinDeskreportedthat BlackRock planned to offer a Bitcoin ETF with crypto exchange Coinbase (COIN) serving as custodian. This was confirmed later after a filing showed the company’s iShares fund management unitfiled paperworkfor the formation of a spot bitcoin (BTC) ETF. “An estimated 20% of Americans have now owned bitcoin at some point. BlackRock’s proposed ETF potentially offers the other 80% an option that is altogether more familiar and accessible,” said Sui Chung, CEO of CF Benchmarks, in an email to CoinDesk. “BlackRock’s increasing engagement shows Bitcoin continues to be an asset of interest for some of the world’s largest financial institutions.” As such, the market strength of bitcoin impacted shorts – or bets against the currency – the asset with BTC-tracked futures seeing over $16 million in short liquidations in the past 24 hours. This figure was smaller than usual due to large declines in the past week, causing some traders to risk less capital than they normally would. The U.S. Securities and Exchange Commission (SEC) has previously rejected other attempts by fund managers at listing a spot bitcoin ETF, including those from Grayscale, VanEck, and WisdomTree. However, the stature of BlackRock could make it difficult for the SEC to reject this application – whichsome saycould fuel an outsized bitcoin rally if approved.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The numbers are significant. A total of US$12.5 million in cryptocurrency donations reached the Syria-Turkey border in the weeks following the earthquake that devastated the region in February — to a cost of some 60,000 lives — according to areportby Blockchain analytics firm Elliptic.\nThese figures are even higher in Ukraine, where war continues to rage following the Russian invasion on Feb. 24, 2022. Analytics firm Crystal Blockchainestimatesthat Ukraine had received over US$225 million in crypto donations by the end of last month. That figure is roughly20%of all the donations made to Ukraine in the 18 months since the start of the war.\n“[The use of crypto] really is a game changer when it comes to the delivery of emergency aid, especially as we’re seeing more of a need for it as well, not just with Russia’s invasion of Ukraine, but with climate change and the increase in extreme weather events,” said Drew Simon, founder of Crypto Altruism, a platform that advocates for blockchain solutions in the non-profit sector.\n“Folks are being forced into having to leave their homes because of that. There’s going to be an increased need for more efficient and transparent delivery of aid, and I think blockchain enables that,” he added.\n“Picture yourself in Ukraine while your family members are living overseas,” said Bohdan Opryshko, chief operating officer at Everstake, a Kyiv-based crypto staking firm. “They want to send you money, but the banking system is not operational.”\nThe direct and immediate nature of blockchain transactions allows users to bypass the structural and administrative difficulties faced by the war-time state and its institutions, explained Opryshko.\nIn that context, crypto “serves as a backup option where banks fail to deliver. Moreover, your knowledge of what is achievable and what is not can help fill gaps where the government falls short,” he said.\nBut it’s not just family members and other individuals who have been sending crypto to those in need in Ukraine. Institutions are also making use of blockchain’s possibilities.\nIn December 2022, the United Nations High Commission for Refugees (UNHCR) adopted afirst-of-its-kind programto distribute cash assistance to a small group of Ukrainian refugees in the form of USDC — the world’s second largest stablecoin.\nThe UNHCR partnered with the Stellar Development Foundation — specialists in crypto-to-fiat transfers — and MoneyGram International — a worldwide financial services provider with over 4,000 locations in Ukraine and almost 350,000 globally — to provide a broad and easily accessible range of withdrawal options for aid recipients.\n“Beneficiaries were able to activate the digital wallets within minutes and access their cash through the cash out network,” said Carmen Hett, corporate treasurer at the UNHCR. “The only prerequisites for beneficiaries who met the cash assistance criteria were digital literacy and possession of a smartphone,” she added.\nHett confirmed that, after the successful completion of the pilot program in April, the UNHCR decided to continue with a “small scale up” of the operation.\nHett and the program’s other organizers, which include USDC’s Boston-based issuers Circle, found that the speed and scalability of the stablecoin made it well suited for delivering aid in high volumes and in a very short period of time.\n“It’s really an amazing use of USDC,” said Corey Then, Circle’s vice president of global policy during an interview in May. “Folks who might be sitting in a basement while bombs are going off outside can receive money on this as long as they have an internet connection.”\nHe highlighted the difficulties faced by organizations making humanitariancash transfersin previous conflicts.\n“Some of that went to the right places, much of it didn’t, so it’s a huge inherent advantage with USDC and the blockchain,” he said. “From the UN’s perspective, not only can they get aid in faster, but they can actually track where it’s going. So this stands in stark contrast to some forms of aid disbursement.”\nPegged to the US dollar, USDC also ringfences the beneficiary from local currency volatility — the central bank in Kyiv devalued the Ukrainian hryvnia byover 25%against the US dollar in July 2022, five months into the war with Russia\xa0— while the immediacy of each transfer cuts out the need for a middleman, reducing transaction fees.\nThat makes the use of stablecoins to deliver humanitarian aid “highly auditable, being on an immutable blockchain,” said Crypto Altruism’s Drew Simon.\n“You can see exactly where the funds are going,” he added.\nWhen compared with many other places around the world — particularly low-infrastructure areas in the global south — Ukraine is well placed to carry out a pilot project involving stablecoins.\nEven before the war, the country boasted adisproportionately largenumber of crypto users, retail investors and tech professionals.\nWhile I cannot claim that cryptocurrency is an integral part of Ukrainian culture, it is undeniable that Ukrainians have a deep-rooted affinity for change and technological progress\n“While I cannot claim that cryptocurrency is an integral part of Ukrainian culture, it is undeniable that Ukrainians have a deep-rooted affinity for change and technological progress,” says Everstake’s Opryshko.\nHe highlighted Ukraine’s scarce investment opportunities and distrust of the national banking system as reasons that an estimated15.72%of Ukrainians own cryptocurrency.\n“There are limited options to preserve money and generate passive income. We don’t have a national stock market, and banks can face bankruptcy, leading Ukrainians to trust cryptocurrency wallets more,” Opryshko said.\nThe “not your keys, not your coins” philosophy popularized in the crypto world to avoid scams also, he said, strikes many Ukrainians as “a safer approach than keeping money under the pillow or in a bank.”\nDespite the shortcomings in Ukraine’s traditional banking and other administrative systems that, in many cases,predatedthe war with Russia, receptivity to technology — including the blockchain — extends to the national government.\nOn Feb. 26, 2022, the Ukrainian government’s official Twitter page posted Bitcoin and Ethereum addresses for donations to the war effort as part of its “Aid for Ukraine” initiative.\nAccording to aFebruary reportfrom Elliptic, by the end of 2022, the initiative had raised over US$29 million in Ethereum, US$22.7 million in Bitcoin, US$15.1 million in USDT and US$8.2 million in DOT, the native coin of the Polkadot blockchain.\nWhile Ukraine may provide a receptive testing ground for blockchain-based humanitarian aid in times of war, Crypto Altruism’s Drew Simon highlighted its use across a variety of different crisis situations.\nHe pointed to the millions of dollars in crypto donations that poured into Syria and Turkey in the wake of February’s earthquake, including via a number of differentNFTprojects that helped Turkish and Syrian artists sell their work to raise funds for impacted areas. Those efforts combined with large crypto donation platforms like theGiving Block Endowmentto solicit donations for specific aid organizations on the ground in the region.\n“We definitely saw an outpouring of support, maybe not to that same level as in Ukraine, but there were definitely a number of NFT projects, philanthropic campaigns in the Web3 space,” Simon said.\nElsewhere in the Middle East, he continued, innovative use of blockchain technologies have emerged in various forms — including theWorld Food Programme’s Building Blocks project. The project — which began in 2017 — uses blockchain technology to securely transfer funds to displaced communities in a number of locations, including a settlement for Syrian refugees in Lebanon in September 2020.\n“Refugees had funds deposited into their wallet on a blockchain, they went to the grocery store, their iris was scanned and then it automatically pulled up their wallet so they could purchase groceries,” Simon said.\nThe system was beneficial, he said, as individual recipients could avoid vouchers, cash and other physical payment methods that are harder to retain and keep track of in the challenging environment of a refugee settlement.\n“I know there’s a lot of questions around the ethics around biometrics and I think that’s a whole different conversation, but there’s these really cool opportunities that make it a lot easier for folks that previously lacked access to traditional financial tooling,” Simon added.\nRegardless of ease of use, such programs require beneficiaries to give up information that, in less strained circumstances, they may think twice about sharing. That involves a degree of trust in not only the technology but also the benevolence of program organizers. If missing, that lack of trust can prove a high hurdle to overcome.\nThe UNHCR’s Carmen Hett conceded as much when discussing the USDC pilot program in Ukraine, saying that “a lack of knowledge and distrust of the technology” among a small number of potential beneficiaries had prevented their participation.\nTo avoid that scenario in future, she said, further investment in digital literacy is “crucial” for helping vulnerable communities in crisis situations adapt to the funding avenues opened up by blockchain technology.\nWe’re just used to [the internet]. It’s a part of everyday life, and I think that that’s what we need to get to with Web3 as well, where the user interface and experience is so seamless and easy\nFor Crypto Altruism’s Drew Simon, that process can be simplified even further by removing the jargon that dominates the crypto industry, clouding understanding for newcomers.\n“Sure, it’s a revolutionary technology, but so is the internet and we don’t talk about whether a website is hosted on WordPress or Squarespace, what coding language is used to write an app, or how our email gets from point A to point B. It just does it, right?” Simon said.\n“W Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $575,259,770,025 - Hash Rate: 325156812.74215025 - Transaction Count: 331194.0 - Unique Addresses: 616643.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: All Other Senior Secured Debt Repaid by the Company LAS VEGAS, July 21, 2023 --( BUSINESS WIRE )-- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (" Ault Alliance ," or the " Company "), is pleased to announce that it, alongside several subsidiaries, has successfully secured an additional $8.8 million in senior debt financing (the " Loans ") from a group of existing institutional lenders (the " Lenders "). The Company previously borrowed $18.9 million from the Lenders in November 2022, which together with the new Loans, have an aggregate outstanding amount of $24.3 million. The Loans mature on May 7, 2024, accumulate interest at a favorable annual rate of 8.5% and are secured against select assets of the Company and certain of its subsidiaries. "Our relationship with the Lenders has proven to be a significant asset to the growth and stability of Ault Alliance," said Milton "Todd" Ault III, Founder and Executive Chairman of the Company. "The Lenders have consistently exhibited supportiveness and a willingness to fuel our future growth endeavors. This favorable borrowing rate is another testament to our relationship." Kenneth S. Cragun, Chief Financial Officer, further added, "We have paid off all other senior secured debts at the Company, and the new Loans announced today provide needed working capital to further strengthen our financial position. We are elated to maintain such a solid senior lending relationship and feel incredibly comfortable with the Lenders as our partners for future ventures." Loan guarantees have been furnished by Ault Lending, LLC, a subsidiary of the Company, Ault & Company, Inc., an affiliate of the Company, as well as by Milton C. Ault, III, the Company’s Executive Chairman and the Chief Executive Officer of Ault & Company, Inc. The proceeds from the Loans will primarily be deployed for augmenting working capital and facilitating the general operational needs of the Company. The new Loans were issued with an original issue discount of $1.3 million. Story continues For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or available at www.sec.gov . About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com . Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20230720100820/en/ Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Wednesday morning in Asia to trade above US$29,700. Ether also logged gains along with all other top 10 non-stablecoin cryptocurrencies. Solana led the winners with an almost 5% jump. The crypto rally followed PayPal’s launch of a U.S. dollar-pegged stablecoin on Monday. That coincided with a sharp drop in global government bond yields Tuesday after the release of China’s weaker-than-expected economic data. Meanwhile, the Forkast 500 NFT index edged higher on increased trading volumes, while U.S. stock futures traded lower as ratings agency Moody’s downgraded several mid-size U.S. banks.\nBitcoin rose 2.02% in the last 24 hours to US$29,764.75 as of 07:50 a.m. in Hong Kong and moved up 0.41% for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency briefly breached the US$30,000 resistance level on early Wednesday morning.\nEther gained 1.61% to US$1,855.88 but was still down 0.82% over the past seven days. All other top 10 non-stablecoin cryptocurrencies traded higher, with Solana’s SOL leading the winners. The token rose 4.93% to US$24.19 and logged a weekly gain of 1.07%.\nThe crypto market received a boost from global payment giant PayPal’s stablecoinlaunchon Monday. Known as PayPal USD (PYUSD), the stablecoin will allow users in the U.S. to make transfers to compatible external wallets, pay other customers and purchase foreign currencies using the token.\n“PayPal’s stablecoin launch is an important development for crypto within the U.S. Although the initial launch is limited, with PayPal’s size and global reach, it is likely to impact global stablecoin usage and adoption going forward,” said William Cai, co-founder and managing partner at U.S.-based asset management firm Wilshire Phoenix.\n“It is another clear signal of institutional confidence that crypto isn’t going away and will emerge from this ‘crypto winter’ stronger,” added Cai. “Stablecoin is the grease of the crypto markets. Overall increase in stablecoin market cap will coincide with a major upward trend in crypto prices.”\nGreta Yuan, head of research at Hong Kong-headquartered digital asset exchange VDX, said that while it is not the first time major institutions have entered the stablecoin space, previous attempts met with substantial regulatory obstacles.\n“The recent progress of a bill aimed at establishing a federal regulatory framework for stablecoins, coupled with PayPal’s deep expertise in the payment industry, has the potential to set up PayPal for a more promising growth path,” Yuan added\nMeanwhile, Ark Invest Chief Executive Officer Cathie Woodsaidin a Tuesday interview with Bloomberg that she expected the U.S. Securities and Exchange Commission (SEC) to approve multiple spot-Bitcoin exchange-traded funds (ETF) at the same time.\nThere is now a growing sense of optimism that successful ETF applications frommajor U.S. asset managersincluding BlackRock, Fidelity Investments and Wisdom Tree could be the start of large-scale institutional investment in the digital asset space.\nLater on Tuesday, Mike Novogratz, CEO of investment management firm Galaxy Capital, reportedlysaidvia conference call that the SEC’s approval of a Bitcoin ETF was likely a matter of “when, not if.” Issuers of Bitcoin ETF would, he said, “fight like cats and dogs to win market share” once they received approvals.\n“This could have caused the 3-4% rally in Bitcoin prices overnight,” said Markus Thielen, Head of Research & Strategy at digital asset service platform Matrixport.\n“A common pattern is emerging where Bitcoin prices tend to rally during US trading hours but retrace during Asian trading hours,” Thielen added. “Nevertheless, Bitcoin is still in a trading range but a potential SEC approval could push prices higher.”\nThe total crypto market capitalization gained 1.71% in the past 24 hours to US$1.18 trillion, while trading volume moved up 9.37% to US$36 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexinched up 0.14% in the past 24 hours to 2,483.18 as of 09:50 a.m. in Hong Kong, but was still down 0.90% for the week. Forkast’s Ethereum NFT index also logged gains, while the Solana, Polygon and Cardano indexes dropped.\nTotal NFT trading volume surged 64.03% in the past 24 hours to over US$20.4 million, according to data fromCryptoSlam. Volume on the Ethereum, Solana, Polygon, and Cardano blockchains all also logged increases, while the Bitcoin blockchain saw a drop.\n“Again we’re in the green and suddenly there’s a little pep in traders’ step,” said Yehudah Petscher, NFT strategist for Forkast Labs.\n“We’re really beginning to see the type of NFTs that do well in this market, which is cheaper NFTs with high volume. DMarket, Gods Unchained, Sorare and DraftKings all represent a form of gaming, all are pretty darn affordable, and all have thousands of traders. This is what the future of NFTs will really look like,” Petscher added.\nAmong NFT collections, Polygon-based DraftKings saw the largest 24-hour sales volume. It rose 26.23% to over US$4.12 million for 85% of total NFT trading volume on the Polygon network. The collection is based on sports and betting company DraftKings’ NFT games.\nForkast Labs’ Petscher said that Paypal’s stablecoin launch is providing a timely boost for the NFT industry. The global payment giant could prove successful in onboarding those unfamiliar with cryptocurrencies into the NFT space, he said Tuesday in avideouploaded to Youtube.\n“Give them some PayPal stablecoin and then watch OpenSea integrated, and then let them buy Starbucks NFTs on secondary with their PayPal stablecoins,” Petscher said. “This is huge for the world of crypto and it’s huge for NFTs. This is what building looks like.”\nMeanwhile, NFTs are seeing growing interest in the art space.\nU.K.-based NFT platform ElmonXannouncedWednesday that it will partner with international image licensing company Bridgeman Images to mint “Salvator Mundi” — a painting attributed to Leonardo da Vinci — as NFT collectibles. The painting was sold for US$$450.3 million at the Christie’s auction house in 2017, making it the most expensive artwork ever sold.\nElsewhere, Chinese artist Yue Minjun on Tuesday launchedKingdom of the Laughing Man— a collection of unique NFTs based on his artworks — on NFT platform LiveArt. The collection has logged a 24-hour sales volume of over US$978,000 and sits third in Crypto Slam’s sales volume rankings, right behind Bored Ape Yacht Club.\nU.S. stock futurestradedmixed as of 11:50 a.m. in Hong Kong. Dow Jones Industrial Average futures dipped, while the S&P 500 and Nasdaq futures moved higher. The U.S. stock market closed lower on Tuesday.\nIn Asia, the main stock indexes were also mixed on Wednesday morning. China’sShanghai Composite, Hong Kong’sHang Sengand Japan’sNikkeilogged losses, while South Korea’sKospirose.\nOn Tuesday, Moody’s Investor Serviceloweredthe credit rating of 10 small and midsize U.S. banks citing funding risks and weaker profitability. The ratings agency warned that it could downgrade several other major U.S. lenders including U.S. Bancorp, Bank of New York Mellon Corp. and State Street Corp.\n“I think it’s a big deal in the bigger picture of how the economy operates, because regional banks’ lending is one of the main lubricants of the economy,” said Jason Pride, chief of investment strategy and research at asset manager Glenmede, in a Reutersreportpublished Wednesday.\n“If it slows down, the engine just doesn’t work as well,” Pride added.\nAll eyes are now on the release of U.S. consumer price index (CPI) data on Thursday. Bloomberg analystsexpectthe core CPI to rise 0.2% in July, which would be the smallest monthly increase in the past two and a half years.\nOn the U.S. inflation front, the Federal Reserve meets on Sep. 19 to make its next move on interest rates.\nThe rate now stands at between 5.25% to 5.50%, the highest level in the past 22 years. Analysts at theCME FedWatch Toolpredict a 86.5% chance there will be no interest rate hike in September, and a 13.5% chance the Fed will raise rates by a further 25-basis-points.\nMeanwhile in China, the country’s July CPI posted an annual decrease of 0.3%. The Producer Price Index (PPI) also dropped 4.4% year-on-year, Chinese state media Xinhua News AgencyreportedWednesday.\nThe dip in July CPI data represents China’s first annual decline since February 2021. However, the drop was smaller than the analysts’ expectation of 0.4%.\n“China is in deflation, for sure, the question is for how long.” Robin Xing, chief China economist for Morgan Stanley,toldBloomberg. “It’s up to the policy makers how they react.”\n(Updates with equities section.)', "Bitcoin rose on Wednesday morning in Asia to trade above US$29,700. Ether also logged gains along with all other top 10 non-stablecoin cryptocurrencies. Solana led the winners with an almost 5% jump. The crypto rally followed PayPal’s launch of a U.S. dollar-pegged stablecoin on Monday. That coincided with a sharp drop in global government bond yields Tuesday after the release of China’s weaker-than-expected economic data. Meanwhile, the Forkast 500 NFT index edged higher on increased trading volumes, while U.S. stock futures traded lower as ratings agency Moody’s downgraded several mid-size U.S. banks. Cryptos rally Bitcoin rose 2.02% in the last 24 hours to US$29,764.75 as of 07:50 a.m. in Hong Kong and moved up 0.41% for the week, according to CoinMarketCap data. The world’s leading cryptocurrency briefly breached the US$30,000 resistance level on early Wednesday morning. Ether gained 1.61% to US$1,855.88 but was still down 0.82% over the past seven days. All other top 10 non-stablecoin cryptocurrencies traded higher, with Solana’s SOL leading the winners. The token rose 4.93% to US$24.19 and logged a weekly gain of 1.07%. The crypto marke Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $582,168,434,400 - Hash Rate: 421650114.697692 - Transaction Count: 506746.0 - Unique Addresses: 735662.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: BRITISH VIRGIN ISLANDS, June 30, 2023 (GLOBE NEWSWIRE) -- Imagine holding a key that unlocks a treasure chest filled with valuable digital assets. This isn't a scene from a fantasy novel, but the exciting reality ofBTC Proxy'sNFT Keys. Born from a partnership between BTC Proxy, Blockchain.com, and Alphabit, these 10,000 unique digital collectibles were created in early 2022. Initially, they served as celebratory tokens for the minting of 125 BTCpx onto the Polygon Network. Today, they've evolved into something more: keys to virtual vaults brimming with assets ready to be claimed. BTC Proxy: Bridging Bitcoin and DeFi BTC Proxy is a platform that brings together the world of Bitcoin and DeFi. It's a protocol that allows Bitcoin holders to use their Bitcoin in the Ethereum and Polygon ecosystems, expanding their opportunities in DeFi. BTC Proxy will put in 1 Bitcoin into the DeFi vault at the beginning of the mint which the holders will be rewarded with. But BTC Proxy is more than just a bridge. It's a secure and efficient pathway for Bitcoin to interact with other blockchains. With features like Proxy Relay and Insured Custody, BTC Proxy ensures that Bitcoin can move safely and smoothly between different systems. In essence, BTC Proxy is about providing options for Bitcoin holders. It allows you to explore the DeFi landscape while still holding onto your Bitcoin. It's about creating a flexible, secure environment where you can make the most of your digital assets. BTC Proxy NFTs: Your Key to Digital Assets BTC Proxy NFTs are not just digital collectibles. They are keys that unlock access to valuable digital assets. In 2022, BTC Proxy created 10,000 NFTs to mark the minting of 125 BTCpx onto the Polygon Network. While some were given away for promotional purposes, most were kept by the protocol. Now, these NFTs have a new role. They act as keys to virtual vaults that contain one or more digital assets. If you own an NFT key, you can claim these assets. This gives the NFTs a practical use, turning them from digital collectibles into keys that unlock digital assets. The Journey of Acquiring NFT Keys and Their Balanced Token Model Stepping into the world of NFT keys is as straightforward as investing 100 USDC. This investment is then converted into PRXY tokens at the current market rate on the Quickswap PRXY/USDC pool. This process not only influences the price of the PRXY token with each NFT Key purchase, but it also populates your newly acquired vault with PRXY tokens. Once you have your NFT Key in hand, you can stake it to claim the tokens in your vault at a predetermined rate. What makes this journey even more interesting is the balanced token model of the NFT keys. The vault operates on the principle of balance. For every token that is released, nine PRXY tokens are locked up within the vault. This balance between locking and releasing tokens is designed to increase the price and decrease the circulating supply of PRXY tokens. Multiple Rewards and Eligibility Considerations The vault isn't just a one-token show. It has the capacity to house multiple tokens, and the set release rate can be applied to all tokens in the vault. This means you can reap a variety of rewards by staking a single NFT key. An additional token can even be used to provide extra rewards to those who stake early. However, it's important to note that not all NFTs are eligible for this campaign from the start. To maintain the integrity of the rewards, NFT Series 9000+ will not be initially eligible. But don't worry, they may join the party once the campaign gains momentum. This way, readers get a comprehensive understanding of the rewards system and eligibility considerations in one section. Conclusion: Embrace the Future with BTC Proxy's NFT Keys In the ever-evolving world of digital finance, BTC Proxy stands as a beacon of innovation. With its unique NFT keys, it offers a new way to interact with digital assets, providing a secure and efficient pathway to a wealth of opportunities. Whether you're a seasoned investor or a newcomer to the world of DeFi, BTC Proxy's NFT keys offer a chance to unlock a treasure trove of possibilities. So why wait? Embark on your journey with BTC Proxy today. Explore the world of NFT keys, stake your claim, and unlock the future of digital finance. VisitBTC Proxyto learn more and start your adventure. The future is in your hands. NFT Keys are currently priced at $100 and for a limited time only. At the time of writing the Rate of Return was 10.09% in PRXY and 1536% in BTC CONTACT: Jim Hong BTC Proxy hello at btcproxy.io... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dipped on Thursday morning in Asia after briefly breaching the US$30,000 resistance level. Ether also dipped, while other top 10 non-stablecoin cryptocurrencies traded mixed. Cardano’s ADA token led the winners. Meanwhile, the Forkast 500 NFT index moved higher. However, trading volume dropped after a surge earlier in the week. U.S. stock futures logged losses Wednesday but were trading higher on Thursday morning in Asia. Investors now await key U.S. inflation data with an eye on how that will affect the Fed’s decision making on interest rates. Bitcoin dips but set for bullish trend Bitcoin dropped 0.72% in the last 24 hours to US$29,592.49 as of 07:30 a.m. in Hong Kong, but rose 1.59% for the week, according to CoinMarketCap data. The world’s leading cryptocurrency reached a high of US$30,093.44 on Wednesday evening, but struggled to stay above the US$30,000 threshold. Although Bitcoin prices remain range bound, the token is set for a bullish trend, said Samer Hasn, market analyst at Australia-based global multi-asset broker XS.com. “We witnessed the number of open interest positions (in Bitcoin) rise to the highest level since October of 2022 with more than 10.4 billion positions on August 8,” Hasn said. He added that a high number of open interests, which includes long and short positions, generally precedes a rise in momentum and increased volatility. “The increase in the number of open positions reflects more positive sentiment among investors with more recognition,” Hasn said, adding that the new offering of the PYUSD stablecoin from PayPal — one of the world’s largest payment companies — will increase access to cryptocurrency networks. Similarly, spot Bitcoin exchange traded fund applications from major investment firms like BlackRock and Wisdom Tree will, if approved by U.S. regulators, provide “more access by individual investors, institutional investors, and large companies that may not be able to invest in cryptocurrencies directly,” Hasn said. Story continues Along with Bitcoin, Ether dipped 0.21% to US$1,856.01 but held a weekly gain of 0.94%. Other top 10 non-stablecoin cryptocurrencies traded mixed, with Cardano’s ADA leading the winners, while Binance’s BNB, Tron’s TRX and Litecoin logged losses. Cardano’s ADA rose 1.03% to US$0.3016 for\xa0a weekly gain of 0.75% after the Cardano mainnet launched the Bitcoin token cBTC on Wednesday. The launch will allow Bitcoin holders to tokenize their Bitcoin on the Cardano network as cBTC and use it in Cardano’s decentralized finance (DeFi) applications. Bitcoin, meet Cardano. We’re excited to announce mainnet is now LIVE 👼 Mainnet below ⛅️👇 https://t.co/j6vHNUKIlL pic.twitter.com/Li81Pr8fpn — anetaBTC 👼 Mainnet Live (@anetaBTC) August 8, 2023 The total crypto market capitalization dipped 0.31% in the past 24 hours to US$1.18 trillion, while trading volume remained flat, inching down 1.11% to US$35.54 billion. The future is now for gaming NFTs The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index rose 0.71% in the past 24 hours to 2,493.11 as of 09:50 a.m. in Hong Kong, and notched a 0.10% gain for the week. Forkast’s Ethereum and Solana NFT indexes also logged gains, while the indexes for Polygon and Cardano dropped. Total NFT trading volume dropped 16.72% in the past 24 hours to over US$16.31 million, according to data from CryptoSlam . Volumes on the Ethereum, Bitcoin, Solana, Polygon, and Cardano blockchains all also logged losses. Among NFT collections, Polygon-based DraftKings saw the largest 24-hour sales volume, but fell 65.56% to US$1.43 million. Still, those sales accounted for over 50% of the total NFT trading volume on the Polygon network. The collection is based on sports and betting company DraftKings’ NFT games. “DraftKings did huge numbers, at one point reflecting over US$4.6 million on CryptoSlam’s collection rankings,” said Yehudah Petscher, NFT strategist for Forkast Labs. “These are being driven by fantasy football packs in the Reignmakers series. Packs range from US$20 to US$9,999, and some with supplies of over 50k packs. You can see how with brands like DraftKings and the National Football League (NFL), and prices like that, how they can rack up millions of dollars in sales in a day.” According to Petscher, winter in the market can be a blessing for NFTs used in play-to-earn games. “This bear market is sorta like the Great Reset for NFTs,” said Petscher in a Wednesday tweet . “Without it traders would still be conditioned for unrealistic gains. Now they’ll be happy for a few dollars here, maybe 20 bucks there, and then some home runs every so often. Expect to see more numbers like DraftKings, DMarket Gods Unchained and Sorare.” In CryptoSlams’ NFT collection ranking, DraftKings, Mythos Chain-based DMarket, Ethereum-based Bored Ape Yacht Club (BAYC), ImmutableX-based Gods Unchained and Ethereum-based Sorare took up the top 5 spots by seven-day sales volume. “Mythos Chain, Polygon, ImmutableX, and Ethereum are all represented in CryptoSlam’s Top Five Collections so far this week, and show the multi-chain future that’s not just ahead of us. It’s here,” tweeted Petscher on Thursday. Elsewhere, Canadian musician and producer Claire Elise Boucher, known professionally as Grimes, said in an interview with U.S. magazine Wired that she has earned more money from NFTs than from her music career. Boucher sold around US$6 million worth of NFTs in an auction in early 2021. “I’m sad about what happened to NFTs and crypto, because it got polluted fast with people trying to make as much money as possible,” said Boucher in the interview. “But I do want to think about compensating artists, especially digital artists. And I hope when the aggro niche dies down, we can come back,” she said. (Updates with NFT section.) U.S. equity futures up ahead of key inflation data Image: Envato Elements U.S. stock futures traded higher as of 11:10 a.m. in Hong Kong, after the stock market closed lower on Wednesday. In Asia, the main stock indexes were mixed on Wednesday morning. China’s Shanghai Composite , Hong Kong’s Hang Seng and South Korea’s Kospi logged losses, while Japan’s Nikkei moved up. Investors are now waiting for the U.S. consumer price index (CPI) in July, which is set for release on Thursday. Analysts expect the annual inflation rate to hit 3.3% in July, up from 3.0% in June, with the monthly rate remaining unchanged at 0.2%. However, an acceleration in the annual inflation rate would not necessarily equate to a reverse of the recent inflation slowdown. Talking to The Wall Street Journal, Laura Rosner, founding partner at advisory firm MacroPolicy Perspectives, pointed to this time last year when inflation peaked in June and then slowed down in the following month. A monthly inflation rate of 0.2% in June would be consistent with the moderate inflation that the Federal Reserve wants to see, Rosner said. Meanwhile, Philadelphia Federal Reserve President Patrick Harker said on Tuesday the Fed might be ready to pause interest rate hikes. “Absent any alarming new data between now and mid-September, I believe we may be at the point where we can be patient and hold rates steady and let the monetary policy actions we have taken do their work,” said Harker. The Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level in the past 22 years. Analysts at the CME FedWatch Tool predict a 87.0% chance there will be no interest rate hike in September, up from 86.5% on Wednesday. Elsewhere, U.S. President Joe Biden signed an executive order Wednesday to regulate U.S. investment in Chinese entities engaged in three sectors: semiconductors and microelectronics, quantum information technologies, and artificial intelligence. However, the sectors listed in the order were narrower than expected, which some analysts interpret as a sign that Biden’s administration is seeking to improve relations with China. “For the business community, this is relatively good news,” Sarah Bauerle Danzman, a senior fellow at the Atlantic Council and associate professor of international studies at Indiana University, told Bloomberg. “It’s a relatively narrow notification process and a very narrow set of prohibitions.” (Updates with equities section.)', 'Bitcoin dipped on Thursday morning in Asia after briefly breaching the US$30,000 resistance level. Ether also dipped, while other top 10 non-stablecoin cryptocurrencies traded mixed. Cardano’s ADA token led the winners. Meanwhile, the Forkast 500 NFT index moved higher. However, trading volume dropped after a surge earlier in the week. U.S. stock futures logged losses Wednesday but were trading higher on Thursday morning in Asia. Investors now await key U.S. inflation data with an eye on how that will affect the Fed’s decision making on interest rates.\nBitcoin dropped 0.72% in the last 24 hours to US$29,592.49 as of 07:30 a.m. in Hong Kong, but rose 1.59% for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency reached a high of US$30,093.44 on Wednesday evening, but struggled to stay above the US$30,000 threshold.\nAlthough Bitcoin prices remain range bound, the token is set for a bullish trend, said Samer Hasn, market analyst at Australia-based global multi-asset broker XS.com.\n“We witnessed the number of open interest positions (in Bitcoin) rise to the highest level since October of 2022 with more than 10.4 billion positions on August 8,” Hasn said.\nHe added that a high number of open interests, which includes long and short positions, generally precedes a rise in momentum and increased volatility.\n“The increase in the number of open positions reflects more positive sentiment among investors with more recognition,” Hasn said, adding that the new offering of thePYUSDstablecoin from PayPal — one of Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $574,410,029,500 - Hash Rate: 330756213.4390739 - Transaction Count: 358039.0 - Unique Addresses: 711323.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Low-priced stocks invariably catch the attention of investors. It provides an opportunity for diversification even with a limited capital. I see several stocks under $20 that have the potential to double within the next six months. This column focuses on these growth stocks to buy for quick returns. It’s worth noting that last year was challenging for investors with a correction in the index and a deeper correction in growth stocks . It seems clear that the market outlook has improved with the S&P 500 index trending higher by 17% for year-to-date. Based on industry or company specific triggers, certain stocks have skyrocketed. As an example, Marathon Digital (NASDAQ: MARA ) has surged by 400% for the year. Even if the markets remain sideways, there are some attractive opportunities to consider among growth stocks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Let’s discuss three growth stocks under $20 that are poised to double in the second half of 2023. Kinross Gold (KGC) Cellphone with business logo of Canadian mining company Kinross Gold Corp. on screen in front of webpage. Source: T. Schneider / Shutterstock.com Kinross Gold (NYSE: KGC ) stock has trended higher by 58% in the last 12 months. However, I believe that the stock is poised to double from current levels in the next two quarters. One reason to be bullish on KGC stock is valuations. At a forward price-earnings ratio of 15.1, the stock looks attractive. Additionally, the stock has a robust dividend yield of 2.36%. Further, I am bullish on Kinross with the company likely to deliver strong operational performance. For Q1 2023, Kinross reported operating cash flow of $259 million . Additionally, the company closed the quarter with a total liquidity buffer of $1.7 billion. With high financial flexibility, Kinross can potentially pursue inorganic growth. I expect this to happen as Kinross was forced to sell Russian assets in 2022 due to geopolitical factors. An acquisition can compensate for the decline in production visibility. It’s also worth mentioning here that Kinross rejected a takeover approach from Endeavour Mining (TSE: EDV ) in June. A juicer deal in the coming months might be another catalyst for KGC stock surging higher. Lithium Americas (LAC) smartphone with logo of Canadian company Lithium Americas Corp on screen Source: Wirestock Creators / Shutterstock.com Lithium Americas (NYSE: LAC ) trades a few cents above $20 with multiple positive catalysts on the horizon. With the stock having traded sideways in the last 12 months, a big breakout on the upside seems impending. First, Lithium Americas has approved the split of the company into two divisions. Lithium Americas will be operating North American assets while Lithium Argentina will focus on multiple assets in Argentina. I believe that the creation of two separate entities will translate into value unlocking. Story continues It’s also worth noting that the company announced first lithium as a part of commissioning at Caucharí-Olaroz. Additionally, purification processing equipment will be added in the second half of 2023 . The project being commissioned will ensure steady revenue upside in 2024. With these positive triggers and the commencement of construction at Thacker Pass project, the outlook for LAC stock is bullish. Riot Platforms (RIOT) In this photo illustration, the Riot Platforms (RIOT) logo is displayed on a smartphone screen. Source: rafapress / Shutterstock.com Riot Platforms (NASDAQ: RIOT ) has witnessed a massive rally of 196% in the last 12 months. However, I believe that the stock remains attractively valued, particularly if Bitcoin ( BTC-USD ) trends higher in the next six months. A strong balance sheet is the first reason to be bullish on Riot. As of Q1 2023, the company reported cash and digital assets of $390 million. Further, a zero-debt balance sheet implies high financial flexibility. Another reason to be bullish on Riot is aggressive mining capacity expansion. As of Q1 2023, the company had a deployed capacity of 10.5EH/s. With the recent purchase of miners, Riot expects to boost capacity to 20.1EH/s by mid-2024. The company has the option to buy additional miners. If this option is exercised, mining capacity will further swell to 35.4EH/s by December 2024 . If this expansion is undertaken and Bitcoin trends higher, Riot is positioned for massive growth in revenue and cash flows, making it one of the top stocks under $20. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live Wall Street Titan: Here’s My #1 Stock for 2023 The $1 Investment You MUST Take Advantage of Right Now It doesn’t matter if you have $500 or $5 million. Do this now. The post 3 Under-$20 Stocks for 100% Returns During the Second Half of 2023 appeared first on InvestorPlace . View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Irrespective of market conditions, investors are attracted towards penny stocks in the quest for multibagger returns. However, just because the stocks are cheap doesn’t you you shouldn’t be wary of bad investments. It’s unlikely that purely speculative names will be among the millionaire-maker penny stocks. The focus must be on undervalued penny stocks that represent good businesses. Further, there will be impending industry or company specific catalysts that need to be clearly identified. The risk here is that if these catalysts don’t play out, the stock returns will be subdued or negative. However, if the catalyst is triggered, 10x or 20x returns will not out of the question. The bottom-line: Invest what you can afford to lose in these undervalued millionaire-maker penny stocks. I am, however, optimistic that the stocks discussed represent companies where there is a high probability of the catalyst being triggered. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Let’s discuss three undervalued penny stocks and the specific factors that may spell stellar returns. Cronos (CRON) A marijuana leaf rests on top of little tins filled with a balm. Source: Shutterstock The big impending catalyst for the cannabis industry is federal-level legalization. If this scenario holds true, Cronos (NASDAQ: CRON ) will skyrocket, and I expect at least 10x returns in quick time. Even without federal level legalization, CRON is a deeply undervalued stock. As of Q2 2023, Cronos reported cash and equivalents of $841 million . The company’s cash buffer is higher than the current market valuation. Cronos intends to use the cash for aggressive expansion in the United States on federal-level legalization. At the same time, the cash will be utilized towards research and development to broaden the product portfolio. It’s also worth noting that Cronos has pursued cost-cutting initiatives. This includes the decision to exit the U.S. hemp business. The company expects to end the current financial year with the cash position swelling further. Being successful in arresting the cash burn is a major positive that will impact valuations. Solid Power (SLDP) Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display. Source: T. Schneider / Shutterstock.com For Solid Power (NASDAQ: SLDP ) stock, multibagger returns depend on the company’s ability to commercialize solid-state batteries. If the company is successful in its research and development initiatives, 10x or 20x returns would not be surprising. I strongly believe that Solid Power is one of the best bets in the solid-state battery segment. Of course, commercialization is still a few years away. However, Solid Power seems to be making the right moves. Story continues One reason to be bullish is the fact that Solid Power has strong automotive partners. This includes Ford (NYSE: F ) and BMW (OTCMKTS: BMWYY ). In December, the company licensed its cell design and manufacturing process to BMW. The idea is to pursue parallel research and development. Solid Power will also be delivering EV battery cells to automotive partners in 2023 for validation testing. Potential approval of solid-state batteries by automotive majors can be a big catalyst for stock upside. Bitfarms (BITF) A Bitcoin (BTC) token in front of the Bitfinex logo. Source: Useacoin / Shutterstock.com For year-to-date 2023, Bitcoin ( BTC-USD ) has trended higher by 77%. For the same period, Bitfarms (NASDAQ: BITF ) stock has skyrocketed by 258%. This puts into perspective the upside potential for this Bitcoin miner. Furthermord, the basic assumption for BITF stock being a multibagger is a continued rally in Bitcoin. It’s important to note that Bitcoin halving is due in 2024, and a big upside might be impending. Standard Chartered believes that Bitcoin will quadruple by the end of 2024 . If this scenario holds true, BITF stock will skyrocket. Specific to Bitfarms, there are two reasons to be bullish. First, the company has been adding mining capacity on a sustained basis. As of July, mining capacity was 5.3EH/s . Further, Bitfarms expects to have zero debt in its balance sheet by February 2024. Additionally, the company reported a liquidity buffer of $48 million as of Q2 2023. With high financial flexibility, the company is positioned for aggressive expansion. This will translate into robust revenue growth and cash flow upside. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. ChatGPT IPO Could Shock the World, Make This Move Before the Announcement It doesn’t matter if you have $500 or $5 million. Do this now. The $1 Investment You MUST Take Advantage of Right Now The post Could These 3 Undervalued Penny Stocks Make You a Millionaire? appeared first on InvestorPlace . View comments', 'Irrespective of market conditions, investors are attracted towardspenny stocksin the quest for multibagger returns. However, just because the stocks are cheap doesn’t you you shouldn’t be wary of bad investments. It’s unlikely that purely speculative names will be among the millionaire-maker penny stocks. The focus must be on undervalued penny stocks that represent good businesses.\nFurther, there will be impending industry or company specific catalysts that need to be clearly identified. The risk here is that if these catalysts don’t play out, the stock returns will be subdued or negative. However, if the catalyst is triggered, 10x or 20x returns will not out of the question.\nThe bottom-line: Invest what you can afford to lose in these undervalued millionaire-maker penny stocks. I am, however, optimistic that the stocks discussed represent companies where there is a high probability of the catalyst being triggered.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nLet’s discuss three undervalued penny stocks and the specific factors that may spell stellar returns.\nSource: Shutterstock\nThe big impending catalyst for the cannabis industry is federal-level legalization. If this scenario holds true,Cronos(NASDAQ:CRON) will skyrocket, and I expect at least 10x returns in quick time. Even without federal level legalization, CRON is a deeply undervalued stock.\nAs of Q2 2023, Cronos reportedcash and equivalents of $841 million. The company’s cash buffer is higher than the current market valuation. Cronos intends to use the cash for aggressive expansion in the United States on federal-level legalization. At the same time, the cash will be utilized towards research and development to broaden the product portfolio.\nIt’s also worth noting that Cronos has pursued cost-cutting initiatives. This includes the decision to exit the U.S. hemp business. The company expects to end the current financial year with the cash position swelling further. Being successful in arresting the cash burn is a major positive that will impact valuations.\nSource: T. Schneider / Shutterstock.com\nForSolid Power(NASDAQ:SLDP) stock, multibagger returns depend on the company’s ability to commercialize solid-state batteries. If the company is successful in its research and development initiatives, 10x or 20x returns would not be surprising.\nI strongly believe that Solid Power is one of the best bets in the solid-state battery segment. Of course, commercialization is still a few years away. However, Solid Power seems to be making the right moves.\nOne reason to be bullish is the fact that Solid Power has strong automotive partners. This includesFord(NYSE:F) andBMW(OTCMKTS:BMWYY). In December, the company licensed its cell design and manufacturing process to BMW. The idea is to pursue parallel research and development.\nSolid Power will also bedelivering EV battery cells to automotive partnersin 2023 for validation testing. Potential approval of solid-state batteries by automotive majors can be a big catalyst for stock upside.\nSource: Useacoin / Shutterstock.com\nFor year-to-date 2023,Bitcoin(BTC-USD) has trended higher by 77%. For the same period,Bitfarms(NASDAQ:BITF) stock has skyrocketed by 258%. This puts into perspective the upside potential for this Bitcoin miner.\nFurthermord, the basic assumption for BITF stock being a multibagger is a continued rally in Bitcoin. It’s important to note that Bitcoin halving is due in 2024, and a big upside might be impending. Standard Chartered believes thatBitcoin will quadruple by the end of 2024.\nIf this scenario holds true, BITF stock will skyrocket. Specific to Bitfarms, there are two reasons to be bullish. First, the company has been adding mining capacity on a sustained basis. As of July,mining capacity was 5.3EH/s.\nFurther, Bitfarms expects to have zero debt in its balance sheet by February 2024. Additionally, the company reported a liquidity buffer of $48 million as of Q2 2023. With high financial flexibility, the company is positioned for aggressive expansion. This will translate into robust revenue growth and cash flow upside.\nOn the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nFaisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Fa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $572,526,069,750 - Hash Rate: 393261324.6401588 - Transaction Count: 506538.0 - Unique Addresses: 733810.0 Social & AI Sentiment: - Fear & Greed Index: 0.51 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether fell during Thursday afternoon trading in Hong Kong, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. With a lack of positive news catalysts, Bitcoin could fall to the US$28,500 support level, but US$27,500 is also on the table, industry experts toldForkast. See related article:Weekly Market Wrap: Bitcoin plunges under US$30,000 amid market turbulence. Is US$27,000 next? Bitcoin was little changed during afternoon trading in Asia, trading at US$29,485 as of 4:30 p.m. in Hong Kong after it briefly rallied to US$30,057 during yesterday’s session. “Bitcoin and the broader crypto index generally broke lower in recent days. Bitcoin fell precipitously before rebounding back over US$29,000 but continues to get rejected at the US$30,000 level,” Lucas Kiely, chief investment officer of digital asset platform Yield App, toldForkast. “We seem to be moving further away from those levels, which indicates Bitcoin could move lower. US$28,5000 works as a key support level here. If Bitcoin falls below that price, it would likely fall to approximately US$27,500.” In the wider crypto market, Ether fell 0.32% during afternoon trading in Asia to US$1,850, remaining below the US$1,900 support level since July 23. The XRP tokenwas the day’s biggest loser in the top 10, falling 2.4% in the past 24 hours to US$0.6262, followed bySolana’s SOL token, down 1.26% to US$24.29. All other top 10 cryptocurrencies fell in the past 24 hours, except Tron’s TRX that rose 0.15% to US$0.07684. Total crypto market capitalization over the past 24 hours fell 0.85% to US$1.17 trillion while market volume decreased 23.42% to US$30.91 billion, according toCoinMarketCapdata. TheForkast 500 NFT indexfell 1.21% to 2,496.92 points in the 24 hours to 4:30 p.m. in Hong Kong and rose 0.73% during the week. Bitcoin’s 24-hour non-fungible token sales recovered after three consecutive days of declines, gaining 7.97% to US$308,469 with the network rising to the seventh largest blockchain by 24-hour NFT sales volume, according toCryptoSlam. Polygon-native NFT collection DraftKings remained the second-largest collection by 24-hour sales volume, but fell 71.14% to US$1.3 million, as Polygon remained the second-largest network by 24-hour sales volume, with NFT sales on the network down 56.88% to US$2.3 million. Mirroring the sales decrease, theForkast Pol NFT Compositefell 0.97% in the past 24 hours. “[DraftKings] are being driven by fantasy football packs in the Reinmakers series. Packs range from US$20 – US$9,999, and some with supplies of over 50k packs. You can see how with brands like DraftKings and NFL, and prices like that, how they can rack up millions of dollars in sales in a day,” said Yehudah Petscher, NFT strategist for Forkast Labs. Ethereum’s 24-hour NFT sales rose 2.02% to US$9.26 million, while sales for the largest Ethereum-native NFT collection, theBored Ape Yacht Club, rose 71.64% to US$1.34 million. DeGods rose 54.74% to US$738,121, becoming the third-largest collection by 24-hour sales volume across all blockchains, after the collectionannouncedthe beginning of season 3 today, which will introduce female DeGods NFTs, get rid of unpopular NFT traits and offering DeGods holders four generative art pieces. Among Forkast Labs NFT indexes, theForkast POL NFT Compositeand theForkast CAR NFT Compositewere the only ones in the red for the day. Major Asian equities recovered after yesterday’s slump, with Hong Kong’sHang Seng Index, Japan’sNikkei 225, theShenzhen Componentand theShanghai Compositeall posting gains. Investors worldwide now look forward to the release of U.S. consumer price index data for July, scheduled for tomorrow, to gauge the Fed’s future monetary policy decisions. Bloomberg analystsexpectthe core CPI to rise 0.2% in July, which would be the smallest monthly increase in the past two and a half years. Ahead of the inflation numbers, U.S. stock futures rose for a second consecutive day on Thursday, with the Dow Jones Industrial Average futures, the S&P 500 futures index and the tech-heavy Nasdaq-100 futures all rising higher. Over in Europe, equities rose for a second consecutive day, with the DAX 40 up 0.4% and the pan-European Stoxx 600 index up 0.38%. On the corporate front, investors are anticipating earnings from companies like Alibaba Group, Brookfield Corporation, Wheaton Precious Metals and Ralph Lauren corporation. See related article:Standard Chartered’s great expectations for Bitcoin in 2024 Updates with equities... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Lucas Jackson/Reuters US stocks finished the week mostly lower as investors digest mixed inflation data. While the July CPI report came in lower than expected, the producer price index was higher than economist estimates. The conflicting data will serve as a major input into the Federal Reserve\'s next interest rate decision. US stocks were mixed on Friday and finished the week mostly lower as investors digest inflationary data, which will serve as a major input into the Federal Reserve\'s next interest rate decision in September. The July consumer price index came in lower than economist estimates and showed a continued cooldown in inflation, while July producer price index came in hotter than economist estimates, though it did indicate most prices are falling from year-ago levels. Despite the conflicting data, investors still expect the Federal Reserve to pause their interest rate hikes at their September FOMC meeting, according to the CME FedWatch Tool. But that doesn\'t mean interest rate hikes are over, as the Fed is still awaiting the August CPI and jobs report to inform its decision. "The increase in wholesale prices serves as a reminder that the data-dependent Fed isn\'t ready to declare victory on its campaign to quell inflation," LPL\'s chief global strategist Quincy Krosby said. "Today\'s report offers the hawkish wing of the Fed more ammunition to advocate for another rate hike before the Fed is convinced it\'s reached its terminal rate." Here\'s where US indexes stood shortly at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,464.18, down 0.1% Dow Jones Industrial Average : 35,281.86, up 0.3% (+105.32 points) Nasdaq Composite : 1 3,644.85, down 0.68% Here\'s what else is going on today: Market pundits are growing confident that the Fed is not only done hiking interest rates, but that they could cut rates early next year. Apple has bought back more than $500 billion of its stock via buybacks since 2012, more than the worth of Visa, JPMorgan, and Exxon. Saudi Arabia is about to send more oil to China , even though it\'s slashed crude supply levels. The US housing market just hit a record value of $47 trillion as the inventory shortage fuels a price boom. Goldman Sachs\' ex-CEO called up his successor to complain after taking a $50 million hit on the bank\'s stock. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 0.40% to $83.15 a barrel. Brent , the international benchmark, jumped 0.32% to $86.68 a barrel. Gold fell 0.20% to $1,945.00 per ounce. The yield on the 10-year Treasury bond jumped six basis points to 4.17%. Bitcoin fell 0.23% to $29,360. Read the original article on Business Insider', '• US stocks finished the week mostly lower as investors digest mixed inflation data.\n• While the July CPI report came in lower than expected, the producer price index was higher than economist estimates.\n• The conflicting data will serve as a major input into the Federal Reserve\'s next interest rate decision.\nUS stocks were mixed on Friday and finished the week mostly lower as investors digest inflationary data, which will serve as a major input into the Federal Reserve\'s next interest rate decision in September.\nThe July consumer price index came in lower than economist estimates and showed a continued cooldown in inflation, while July producer price index came in hotter than economist estimates, though it did indicate most prices are falling from year-ago levels.\nDespite the conflicting data, investors still expect the Federal Reserve to pause their interest rate hikes at their September FOMC meeting, according to the CME FedWatch Tool. But that doesn\'t mean interest rate hikes are over, as the Fed is still awaiting the August CPI and jobs report to inform its decision.\n"The increase in wholesale prices serves as a reminder that the data-dependent Fed isn\'t ready to declare victory on its campaign to quell inflation," LPL\'s chief global strategist Quincy Krosby said. "Today\'s report offers the hawkish wing of the Fed more ammunition to advocate for another rate hike before the Fed is convinced it\'s reached its terminal rate."\nHere\'s where US indexes stood shortly at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,464.18, down 0.1%\n• Dow Jones Industrial Average:35,281.86, up 0.3% (+105.32 points)\n• Nasdaq Composite: 13,644.85, down 0.68%\nHere\'s what else is going on today:\n• Market pundits are growing confident that the Fed is not only done hiking interest rates,but that they could cut rates early next year.\n• Apple has bought back more than $500 billion of its stockvia buybacks since 2012, more than the worth of Visa, JPMorgan, and Exxon.\n• Saudi Arabia is about to send more oil to China, even though it\'s slashed crude supply levels.\n• TheUS housing market just hit a record value of $47 trillionas the inventory shortage fuels a price boom.\n• Goldman Sachs\'ex-CEO called up his successor to complain after taking a $50 million hiton the bank\'s stock.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 0.40% to $83.15 a barrel.Brent, the international benchmark, jumped 0.32% to $86.68 a barrel.\n• Goldfell 0.20% to $1,945.00 per ounce.\n• The yield on the 10-year Treasury bond jumped six basis points to 4.17%.\n• Bitcoinfell 0.23% to $29,360.\nRead the original article onBusiness Insider', "Investors are again pouring money into meme-focused cryptocurrency Shiba Inu ( SHIB ) in a sign of caution for bitcoin ( BTC ) traders. Open interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass . SHIB futures are sized at 1,000 SHIB per contract with up to 25 times leverage. SHIB's market value has jumped nearly 32% to $6.58 billion amid optimism that an impending layer-2 launch will help the cryptocurrency shed its meme-coin tag. An increase in open interest alongside a rise in market capitalization suggests an influx of new money in the SHIB market. This scenario has historically presaged weakness in bitcoin, the leading cryptocurrency by market value. Increased inflows into SHIB futures tend to occur at interim bitcoin price tops. (Coinglass) SHIB's open interest has risen above the $100 million mark at least seven times since its inception. The previous six spikes marked local bitcoin price tops. The pattern is consistent with traditional markets where outsized gains in meme stocks relative to defensive plays are seen as a contrary indicator for the broader market. Bitcoin, the leading cryptocurrency by market value, has traded dead flat near $30,000 this month amid the SHIB rally, CoinDesk data show. Past performance, however, is not a guarantee of future results and some analysts expect bitcoin to resume the uptrend.", "Investors are again pouring money into meme-focused cryptocurrency Shiba Inu (SHIB) in a sign of caution for bitcoin (BTC) traders.\nOpen interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according todata source Coinglass. SHIB futures are sized at 1,000 SHIB per contract with up to 25 times leverage.\nSHIB's market value has jumped nearly 32% to $6.58 billionamid optimismthat an impending layer-2 launch will help the cryptocurrency shed its meme-coin tag.\nAn increase in open interest alongside a rise in market capitalization suggests an influx of new money in the SHIB market. This scenario has historically presaged weakness in bitcoin, the leading cryptocurrency by market value.\nSHIB's open interest has risen above the $100 million mark at least seven times since its inception. The previous six spikes marked local bitcoin price tops.\nThe pattern is consistent with traditional markets where outsized gains in meme stocks relative to defensive playsare seen asa contrary indicator for the broader market. Bitcoin, the leading cryptocurrency by market value, has traded dead flat near $30,000 this month amid the SHIB rally, CoinDesk data show.\nPast performance, however, is not a guarantee of future results and someanalysts expectbitcoin to resume the uptrend.", "Investors are again pouring money into meme-focused cryptocurrency Shiba Inu (SHIB) in a sign of caution for bitcoin (BTC) traders.\nOpen interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according todata source Coinglass. SHIB futures are sized at 1,000 SHIB per contract with up to 25 times leverage.\nSHIB's market value has jumped nearly 32% to $6.58 billionamid optimismthat an impending layer-2 launch will help the cryptocurrency shed its meme-coin tag.\nAn increase in open interest alongside a rise in market capitalization suggests an influx of new money in the SHIB market. This scenario has historically presaged weakness in bitcoin, the leading cryptocurrency by market value.\nSHIB's open interest has risen above the $100 million mark at least seven times since its inception. The previous six spikes marked local bitcoin price tops.\nThe pattern is consistent with traditional markets where outsized gains in meme stocks relative to defensive playsare seen asa contrary indicator for the broader market. Bitcoin, the leading cryptocurrency by market value, has traded dead flat near $30,000 this month amid the SHIB rally, CoinDesk data show.\nPast performance, however, is not a guarantee of future results and someanalysts expectbitcoin to resume the uptrend."]... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $572,431,782,600 - Hash Rate: 434931398.7742153 - Transaction Count: 503934.0 - Unique Addresses: 703004.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Investors would have benefited more from buying and holding bitcoin ( BTC ) than from investing in crypto hedge funds during the first half of 2023, according to a research report from Swiss-based crypto investment adviser 21e6 Capital. Crypto funds returned an average of 15% during the period versus an 83% gain for bitcoin, according to 21e6 Capital data provided to Bloomberg . Funds with directional strategies returned an average of 22%, well below bitcoin but above the 6.8% return on market-neutral strategies that often attempt to follow market trends, a difficult proposition in choppy markets. The funds struggled against the sudden closure of multibillion-dollar crypto exchange FTX in November , the closure of three crypto-friendly banks earlier this year and the continued turbulence around potential regulations. “It is plain to see that a simple buy-and-hold investment into bitcoin would have outperformed all of these fund baskets. Bitcoin added about 80% in value by the half of the year,” 21e6 Capital due diligence manager Jan Spörer and sales and marketing head Maximilian Bruckner wrote in the report. “In previous bull runs, crypto hedge funds were frequently able to significantly outperform the bitcoin benchmark. How can underperformance among professionally managed crypto funds be such a widespread phenomenon?” The complex answer involves the fact that crypto hedge funds went into the year with larger-than-typical cash positions to help mitigate risks after the collapse of FTX, which made reaction times slower. The underperformance of altcoins — or cryptocurrencies not named bitcoin or ether ( ETH ) — also took a toll on hedge funds. 21e6 Capital tracks more than 700 crypto funds globally as well as the regulatory performance reports of 123 funds across 70 firms. The underperformance has led to the closure of about 97, or 13%, of those crypto hedge funds, according to the Bloomberg data. One example is crypto investment firm Galois Capital, which announced its closure in February because of its heavy exposure to FTX. Other hedge funds shut down underperforming funds.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['SAN SALVADOR, El Salvador (AP) — Douglas Guzmán\'s TikTok feed was dotted with workout routines and videos showcasing his favorite parts of his country.\nThat changed about a year ago, as rights groups, civil society and even some officialscriticized El Salvador\'s President Nayib Bukeleforviolating human rightsin his crackdown on criminal gangs, and said that his unconstitutional bid for re-election would corrode the country’s democracy.\nWithin days of Bukele announcing his bid for a second five-year term, Guzmán’s feed wasplastered with videosdescribing Bukele as the “future liberator of Latin America” and slick montages of the leader’s “mega-prison” for accused gangsters.\nViews on the social media influencer’s videos skyrocketed. The 39-year-old member of Bukele\'s party said he found a new mission: counteracting negative press from independent media about hispopulist president.\n“(Journalists) don’t know anything. All they do is sit at their desks and watch as President Bukele … makes a massive effort to save thousands of lives. But they don’t see that because they’ve never cared about the lives of Salvadorans,” Guzmán said. “That’s why we’re here. To show the true reality.”\nGuzmán is part of an expanding network of social media personalities acting as a megaphone for the millennial leader. At the same time Bukele has cracked down on the press, his government has embraced those influencers. As the president seeks tohold onto power, he has harnessed that flood of pro-Bukele content slowly turning his Central American nation into an informational echo chamber.\n“A news organization doing an investigation can’t compare to the sounding board that these influencers have because they flood your social media with the government’s narrative,” said Roberto Dubon, a communications strategist and congressional candidate for Bukele’s former party, FMLN. “What you have is an apparatus to spread their propaganda.”\nBukele, a 42-year-old leader often donning a backwards baseball cap, worked years in political advertising before social media became a key to hisrise to powerfive years ago. Since, his approval ratings have soared to 90%, according to a June CID Gallup poll. Bukele\'s modern political messaging, charisma and brutal crackdown on the country\'s gangs only continue towin him fansdomestically and abroad even in the midst of controversy.\nBy doing so, Bukele is using a playbook increasingly utilized by 21st century autocrats, said Seva Gunitsky, a political scientist at the University of Toronto.\nSocial media was once hailed as the ultimate democratictool to organize protests, even revolutions, across the world. Now, governments fromRussiatoUgandaare now using it to control the narrative.\n“They use this tool of liberation technology to actually prolong and strengthen their rule,” Gunitsky said. Such governments use influencers because their content “doesn’t look as much like propaganda and is more about shaping the narrative in more subtle ways.”\nUnder Bukele, El Salvador constructed a sophisticated communications machine. It locked down access to information out of line with official messaging and hired teams of former journalists to produce blockbuster-quality videosshowcasing security forcestaking on the nation’s gangs. The government also mimicked Russia,building an armyof tech-savvy contractors – or “trolls” – to create fake social media accounts, spread falsities and harass critics.\nAt the same time his message of a strong-handed response to gang violence rippled across the region, gaining traction in other nations struggling with crime across Latin America and Caribbean.\nWith it, an “entire industry” has been born as influencers latch onto the president\'s image, said Oscar Picardo, director of investigations at El Salvador’s Universidad Francisco Gavidia.\nA study by Picardo\'s university and local investigative outlet Factum examined 69 pro-Bukele YouTube accounts, which collectively have more followers than the population of El Salvador. They found many accounts – which make money through view and subscriber counts – can earn up to tens of thousands of dollars a month, far greater than El Salvador\'s average salary. That content is devoured both within El Salvador, and by many of the 2.3 million Salvadorans living in the United States.\nThe cluster of accounts pumped out nearly 32 hours of pro-Bukele content in a single day in May, the study found. Almost always mirroring government language, 90% of the videos analyzed contained false or misleading information.\nOne account,Noticias Cuscatlecas, may earn much as $400,000 annually posting videos of violent attacks from alleged gang members layered over chilling music, UFG and Factum calculated.\nThe channel often concludes videos with the samemessage: “(Bukele) devised a plan to exterminate this cancer from society, and the incredible thing is that he is succeeding. Now the people no longer live in fear."\nOn TikTok, one videodeclares“God chose Bukele as president of El Salvador.” On YouTube, personalities dressed as TV anchors attack human rights groups and journalists. They feature Bukele’s criticsbursting into flameswhileclaimingtheir channel “brings you the latest news”. Others sit down for an exclusiveinterviewwith the president.\nIn April, the president of El Salvador\'s congress Ernesto Castro announced he was opening the assembly to YouTubers and social media influencers to “inform with objectivity.”\n“The right to inform and be informed is a power not just in the hands of media companies,” Castrowroteon Twitter.\nRequests by the AP for interviews with Bukele and his cabinet throughout his more than four years in office have been declined or ignored. Two people with knowledge of the inner workings of Bukele’s media machine declined to speak to the AP out of fear of the government.\nFor Guzmán and others, the access was empowering, enabling them to grow their audiences. Since, Guzmán has been offered access to other large events like the inauguration of Central American and Caribbean Games, something experts say Bukele used toshow a friendly faceto the world.\nPress credentials hung around the TikToker\'s neck and he brimmed with pride in a government press box, standing among other selfie stick-wielding influencers.\n“Us being here, accredited, I feel like I am a part of this,” Guzmán said, eyes crinkling with a broad smile.\nAround him, others took turns interviewing each other and bragged about how many people were connected to their feeds. One man wearing a Hawaiian shirt leapt over rows of bleachers to get a better signal. When Bukele walked on stage to give a speech, Guzmán and others chanted “Re-election!”\nEl Salvador\'s government isnot the first to open its doorsto social media personalities, but researchers and critics says the atmosphere created in El Salvador marks a particular risk as other leaders in the region seek tomimicBukele.\nPicardo, the UFG investigator, said such accounts post a deluge of content when the government is trying to publicize something, like the leader\'sexperimentwith Bitcoin, its gang crackdown or the Games.\nThe researcher warned their increasingly hostile tone acts as a harbinger for further deteriorating press freedoms, echoing State Department alarms of a “villainization” of journalists by Bukele.\nOscar Martínez\'s award-winning news organization El Faro is among those facing attacks and harassment for its intensive investigation of Bukele, including audio evidencing that Bukele’sadministration negotiated with gangsin order to dip violence.\nThe government opened a case against El Faro for tax evasion, something the news site called “completely baseless.” Phones of dozens of journalists werehackedwith Pegasus spyware, regularly used by governments to spy on opponents.\nIn April, El Faro announced it would move its center of operations to Costa Rica due to escalating harassment.\nHe worries their investigations is being drowned out by the flood of disinformation, and said if Bukele stays in power in the upcoming elections, it will put reporters in El Salvador “much more at risk.”\n“At that moment, Bukele is going to decide to get rid of any obstacle he has within the country, and the main obstacle he has right now is the free press," Martínez said.', 'SAN SALVADOR, El Salvador (AP) — Douglas Guzmán\'s TikTok feed was dotted with workout routines and videos showcasing his favorite parts of his country. That changed about a year ago, as rights groups, civil society and even some officials criticized El Salvador\'s President Nayib Bukele for violating human rights in his crackdown on criminal gangs, and said that his unconstitutional bid for re-election would corrode the country’s democracy. Within days of Bukele announcing his bid for a second five-year term, Guzmán’s feed was plastered with videos describing Bukele as the “future liberator of Latin America” and slick montages of the leader’s “mega-prison” for accused gangsters. Views on the social media influencer’s videos skyrocketed. The 39-year-old member of Bukele\'s party said he found a new mission: counteracting negative press from independent media about his populist president . “(Journalists) don’t know anything. All they do is sit at their desks and watch as President Bukele … makes a massive effort to save thousands of lives. But they don’t see that because they’ve never cared about the lives of Salvadorans,” Guzmán said. “That’s why we’re here. To show the true reality.” Guzmán is part of an expanding network of social media personalities acting as a megaphone for the millennial leader. At the same time Bukele has cracked down on the press, his government has embraced those influencers. As the president seeks to hold onto power , he has harnessed that flood of pro-Bukele content slowly turning his Central American nation into an informational echo chamber. “A news organization doing an investigation can’t compare to the sounding boar Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $571,640,041,362 - Hash Rate: 351591250.5061022 - Transaction Count: 497112.0 - Unique Addresses: 650366.0 Social & AI Sentiment: - Fear & Greed Index: 0.54 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This is David Z. Morris, filling in for Michael Casey to talk about so-called artificial intelligence, the threats it poses to the future – and how crypto could help mitigate them. As Michael would surely agree, there are no real days off in crypto. I was reminded myself when I recently spent a long weekend at the fantastic Readercon fiction convention. Inevitably, I missed some important crypto stories , but I also got some up-close insight into another looming novelty: the existential threat that automated large language models (LLMs) like GPT3 pose to the entire internet. You’re reading Money Reimagined , a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletter here . That might sound hyperbolic. But at Readercon, I met Neil Clarke, founder and editor of the top-tier science fiction magazine Clarkesworld , which along with other fiction publications has become a canary in the coal mine of A.I. run amok. The rise of ChatGPT has inundated these journals with a flood of fake GPT-generated story submissions, a plague so severe Clarkesworld was forced to temporarily pause submissions this February, threatening the work and livelihoods of real authors. “I’ve been calling it spam,” says Clarke, “Because that’s what it is. I sometimes refuse to even call it ‘artificial intelligence.’ You can’t humanize these things. It’s not like the science fiction of movies where it’s aware. It’s a statistical [language] model.” The mention of spam should raise the antenna of longtime cryptocurrency watchers: the same problem lay at the very origins of Bitcoin. Between 1998 and 2002, computer scientist Adam Back developed the concept of “Hashcash,” primarily intended to combat e-mail spam by requiring a tiny payment to send one. Back and his ideas became foundational to the development of Bitcoin, and he’s now CEO of crypto developer Blockstream. Two decades later, with robotic barbarian hordes poised to swamp human communication systems, it might be time to revisit the Hashcash concept. Large Language Hustlers “ChatGPT came out in late November,” Clarke says, “And we immediately started seeing submissions using it. The first people to adopt it were the ones already submitting plagiarized works. It was readily embraced by people who were trying to make a quick buck off other people’s work.” As they faced down the spam problem, Clarke says he and his team quickly realized the attack was coordinated. YouTube and TikTok channels focused on get-rich-quick schemes were promising viewers they could make thousands of dollars by submitting GPT-generated stories to fiction magazines like Clarkesworld. Clarkesworld pays a few hundred dollars per story, depending on length – not much more than beer money in some parts of the world, but extremely meaningful in others. Story continues Those fraudulent promises from online grifters seem to have spread fast. Clarke says he received 54 AI-generated submissions in December. In January, he got 117 fake stories. In February, the number hit 514 before Clarke closed submissions midday on February 20. “And that morning alone,” he says, “we had 50.” Clarkesworld has a small staff, who normally review about 1,100 submissions a month. So the accelerating flood of trash threatened to overwhelm them, and solutions weren’t obvious. “We have an open submission process, specifically designed to welcome in new writers and new voices,” says Clarke. “So we could close submissions from certain locations [to fight spam], but we also have legitimate authors coming in from those countries. And we’ve been told things like, ‘The payment for this story will cover my bills for a month.’” “Authors like that are getting buried. The A.I. submissions hurt new authors, and authors who might not be from communities that are well-connected.” This is one clear way auto-generated content threatens to make the internet worse for human beings – particularly those at the margins. “If you go back 15 or 20 years when we took submissions on paper,” Clarke says, “just the cost of postage was enough to decrease submissions from outside the U.S., Canada, and U.K. substantially. And as soon as you have digital submissions, we had this flood of international submissions.” That has led to a huge diversification of the fiction world – a creative renaissance that’s now threatened by the rise of LLMs. Clarke is also a coder, which gave him useful tools for addressing the spam challenge. He began associating more metadata with submissions, such as whether they came through a VPN and the length of the user’s session. These and other criteria are now used as part of a “points system” that places stories more likely to be fake further down a review queue. This helps real authors get read first, but also ensures that every submission is eventually reviewed. Finally, if a story is determined to be LLM-generated, the submitter is permanently banned from the system. Those measures have helped Clarkesworld reopen submissions, for now – but a continued rise in the volume of spam they’re dealing with would mean the solution is only temporary. “Worse than the Worst Human Writer” One important aspect of Clarke’s experience is that the actual quality of the robotic submissions has been abysmally low. They’re almost instantly recognizable to a human reader, and have no actual chance of being published. “ChatGPT3 was writing at a level below the worst human writers,” says Clarke, who after two decades as an editor knows exactly what the worst looks like. “GPT4 is getting closer to the worst human writers, but even that’s still rare.” “The common thing is that they have perfect grammar, they have perfect spelling,” Clarke continues. “But the stories themselves don’t make a lot of sense. They jump over important things. They’ll start out with a basic premise, like ecological collapse, and introduce some scientists who can solve the problem, and then suddenly they’ve solved the problem. It’s missing the middle of the story, and bookending it with stereotypical openings and closings, done very poorly.” That sounds a lot like Ted Chiang’s recent characterization of ChatGPT’s output as “a blurry JPEG of the internet.” This manifest crappiness happily debunks much of the brain-dead hype around LLMs. But it also makes the image of talented (and wildly underpaid) editors being forced to sift through the dross all the more depressing. The Promise of Small, Refundable Fees Another option for reducing spam submissions is a submission fee. Clarke says he has no desire or plan to implement a fee, thanks to overriding ethical and creative concerns. In particular, a submission fee could limit access, which the community of science fiction writers strongly opposes. But beyond that, the technical shortcomings of current global payments infrastructure also make charging an anti-spam fee impractical, even if Clarke wanted to. For instance, Clarke says to charge a submission fee, he would need to be able to refund it, for instance to writers whose stories were accepted, or simply not AI-generated. An ideal spam-blocking fee would also be quite small – certainly far lower than the $25 or $30 worth of postage that was keeping away developing-world authors in the pre-internet era. But there’s no way to do that with current tech. “Tell me a credit card company where I can refund almost all of it. I’d lose the account,” says Clarke. As any good crypto bro knows, credit cards also don’t play well with small payments. But those aren’t even the biggest issue. “There are also problems with trying to take payments in different parts of the world,” Clarke continues. “There are a number of African countries that credit card companies won’t work with. So that would eliminate authors. I’ve also had people suggest identity services, but those also have nation-sized holes in them. We need something that works for everybody.” If you’re reading this, you already know where we’re headed: at least in principle, cryptocurrency and related systems could help mitigate Clarkesworld’s fake submission problem. Requiring a small payment for all submissions would reduce low-quality submissions, lightening editors’ workloads, and compensating them for the spam that did come in. Because payments could be cheaply, quickly, and easily returned to real authors, the cost to actual human writers would be marginal. And because these systems are not confined by national borders, no real writers would be crowded out by the robo-regurgitators. Though it would take considerable elaboration, some version of the same system may someday serve parallel purposes in less boutique settings. One can imagine a Steem-like system of staking incentives being used to punish automated posting on forums or social media, for instance. More elaborate decentralized identity systems, such as SpruceID , are more challenging and, for now, more nascent, but could have even more profound potential. To be clear, none of this should be necessary. LLMs are quickly being revealed as little more than parlor tricks, whose real utility is probably limited, at least in the near term, to short-form customer service and clickbait entertainment. (Take for instance CNET’s disastrous experiment with using GPT to write news articles). The technology’s biggest impacts are instead seen in the spread of fourth-rate gibberish that wastes the time and brainpower of all the actual humans involved. But if this is what the god-princes of Silicon Valley see as the next frontier of venture capital riches, then it is the world we’ll have to live in. At the very least, crypto offers one hope for fighting back. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dipped slightly Monday morning in Asia, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 non-stablecoin cryptocurrencies by market capitalization were little changed. The exceptions were Dogecoin, which saw a significant dip, and Shiba Inu. The dog-themed memecoin surged ahead of its upcoming layer-2 network launch. Elsewhere, the Forkast 500 NFT index dropped after a week of green ink, while risk sentiment in U.S. equities improved as traders assess the latest inflation data. Investors now await a raft of earnings reports throughout the week.\nBitcoin dipped 0.10% in the last 24 hours to US$29,375.75 as of 5:45 a.m. in Hong Kong but added 0.96% for the week, according to CoinMarketCapdata. The world’s largest cryptocurrency hovered around the same price level throughout the weekend.\nEther was up 0.11% to US$1,849.50 for a weekly gain of 1.00%.\nAnalysts continue to predict a market upswing ahead of various U.S. application rulings for spot Bitcoin exchange traded funds (ETFs).\nIn June 2023,BlackRockand a number of major U.S. financial institutions filed applications with the U.S. Securities and Exchange Commission (SEC) to create spot Bitcoin ETFs. The SEC has previously rejected several spot Bitcoin ETF applications, citing concerns about market manipulation and volatility. However, the recent burst of applications has raised hopes that investors may soon see a spot Bitcoin ETF.\nThe SEC was expected to announce its decision onArk Investment’sSpot Bitcoin ETF application on Aug. 13. However, the regulator said in aFriday filingthat it will solicit public comment on the ETF proposal, effectively pushing back the deadline.\n“Although the chances of imminent ETF-related news are slim, any announcement would likely have a more pronounced effect on BTC than on ETH,” said Luuk Strijers, chief commercial officer of Panama-based crypto derivatives exchange Deribit.\n“We are observing a slight uptick in BTC, especially visible versus ETH. A potential catalyst for this could be the looming ETF news on the shorter term and the halvening impact on the longer run,” Strijers added.\nBitcoin’s next halving event is expected to take place in April 2024. The halving event will see the amount of new Bitcoin issuedcut in half, increasing its scarcity. This is widely anticipated to produce a surge in the token’s price.\nOther top 10 non-stablecoin cryptocurrencies were largely static Monday morning, with the exception of memecoins Dogecoin and Shiba Inu.\nWhile Dogecoin dropped 2.11% to US$0.07524, slipping 0.25% in the last seven days, the Shiba Inu memecoin briefly cracked CoinMarketCap’s top 10 cryptocurrency list over the weekend. It pushed Polkadot’s DOT down to eleventh in terms of market capitalization. The meme token then fell 3.01% to US$0.00001042 over the past 24 hours, but still recorded an 11% gain for the week.\nThe developers behind Shiba Inu are expected to launch its layer-2 network, Shibarium, at an unspecified date in the near future. The update aims to provide self-sovereign identity (SSI) protocols for improved user security, according to aShiba Inublog post uploaded on Aug. 6.\nThe total crypto market capitalization grew 0.09% in the past 24 hours to US$1.17 trillion, while trading volume also increased 7.08% to US$17.82 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe main Forkast 500 NFT index fell 0.52% in the past 24 hours to 2,480.44 as of 06:45 a.m. in Hong Kong. However, it recorded a 0.95% gain for the week. Meanwhile, Forkast’s Ethereum NFT Index logged gains, while the indexes measuring the Polygon, Cardano and Solana NFTs showed losses.\nTotal NFT trading volume dropped 5.35% in the past 24 hours to over US$13.92 million, according to data fromCryptoSlam.\nSales volume on Ethereum, the largest NFT network, dipped 1.75% to US$8.63 million. Solana and Polygon, which placed second and third on Cryptoslam’s NFT blockchain ranking respectively, also logged losses.\nIn terms of NFT collections, trade volume of Ethereum-based DeGods surged 133.20% to US$1 million. That followed the launch of its “Season 3” digital art collection Sunday. The update features a more simplistic, pop-art inspired style.\n“I’m expecting [the trade volume] to ramp up quite a bit, honestly, I think the reception for the artwork has been rather great,” said Yehudah Petscher, NFT strategist for Forkast Labs, adding that the collection release had postponed scheduled updates for female avatars.\n“Let’s watch over the next couple of days, see how the community, the NFT collectors, take to this artwork and how they take to the delays,” he said.\nNFT staple Bored Ape Yacht Club added 2.90% to US$903,726, placing second on CryptoSlam’s collection ranking.\nMeanwhile, the FC Barcelona soccer clubannouncedlast Friday that it has secured around US$132 million from global investment holding company Libero Football Finance AG and European investment company Nipa Capital B.V. The investment will be used to expand the club’s NFT and metaverse initiatives, the announcement confirmed.\nU.S. stock futures fell as of 11:00 a.m. in Hong Kong on Monday morning after the three main indexes closed mixed on Friday. The main Asian equity indexes — \u200b\u200bChina’s Shanghai Composite, Hong Kong’s Hang Seng, Japan’s Nikkei and South Korea’s Kospi — all posted losses during Monday morning trading.\nGlobal markets continue to process China’s release last week of downward trending economic data. Consumer prices for July weredownon the year before, while July’s year-on-year export data alsofellmore sharply than expected. Investors now await China’s national retail sales and industrial output data — set for release Tuesday — for further indicators of potentialdeflation.\nAt a fundraiser in Utah Thursday, U.S. President Joe Biden appeared to fan the flames of Sino-U.S. tension by referring to China’s reported economic woes. The Chinese economy, hesaid, “is a ticking time bomb” and “in trouble.”\nIn the U.S, Friday’s release of the latest producer price index (PPI) data — a key inflation indicator that monitors selling prices received by domestic producers of goods and services — recorded a rise for July. The 0.3% rise is slightly higher than the 0.2%forecastby analysts.\nDespite that rise, the overall expectation is for the U.S. Federal Reserve to pause its cycle of interest rate hikes when it next meets in September. However, some market analysts continue to sound a note of caution, warning that hikes could continue until inflation slows to the Fed’s 2% target.\n“Unfortunately, I don’t think the picture on any of this will be clear for at least two quarters, though the fact that inflation has come down has bought the Fed some time, for now,” Jonathan Millar, a senior economist at London-based financial group Barclays Capital Inc.,toldBloomberg.\n“The Fed seems to be well ahead of markets in recognizing that the path to a soft landing is far from assured,” Miller added.\nThe Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level in the past 22 years. Analysts at the CME FedWatch Tool predict a 88.5% chance there will be no interest rate hike in September, down from 89.0% last\xa0 Friday.\nInvestors now await more earnings reports expected later this week, including quarterly results from U.S. retail leaders including Walmart, Home Depot and Target.\n(Updates to add equities section)', "• Information security firm Distrust says a total of at least $900,000 was stolen across multiple blockchains.\n• Hackers were able to exploit a vulnerability in the Libbitcoin explorer, an open-source command line tool or text interface used by Bitcoin developers to produce cryptographic keys and communicate with the blockchain.\nIn 2011, just two years after Bitcoin was launched, British-Iranian anarchist developer Amir Taakia and a group of open-source coders created an alternative to Bitcoin Core – the original and still the most popular way of connecting to the Bitcoin network.\nThat alternative piece of software, branded Libbitcoin, has now evolved into a comprehensive suite of tools – a library – for critical functions like communicating with the Bitcoin blockchain and generating cryptographic keys.\nIt was even featured in Bitcoin educator Andreas Antonopoulos’s popular and arguably canonical bookMastering Bitcoin.\nBut after roughly $900,000 disappeared from various user wallets over the past few months, Libbitcoin, once presumed secure, has turned out to be unsafe.\nHere’s how the latest saga unfolded, according to a report onmilksad.info, which details the findings ofDistrust, the security firm that discovered the vulnerability in July, assisted by a group of independent contributors.\nAt some point in May, hackers began secretly stealing funds from unsuspecting users after discovering an obscure vulnerability in a number of wallets generated by the Libbitcoin explorer, calledBX.\nThe vulnerability was dubbed “Milk Sad” because “milk” and “sad” werethe first two wordsin a wallet-recovery seed phrase generated by the vulnerability, the report states.\nThe most significant heist – 29.65 bitcoin (BTC) worth about $870,000 at current rates – took place July 12. Distrust says a total of at least $900,000 was stolen across multiple blockchains, including from some of the roughly 2,600 bitcoin wallets affected by the vulnerability.\nHardware wallets like Trezor and Ledger seem to have been unscathed, but there are still a number of wallets at risk, and the full extent of money stolen is “yet to be determined,”accordingto an Aug. 8 tweet by Anton Livaja, a member of the Distrust team.\nBX comes with a text command called “bx seed” that uses the clock on a developer’s computer to produce a seed phrase for creating a wa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $572,363,259,588 - Hash Rate: 445348917.3077294 - Transaction Count: 568517.0 - Unique Addresses: 723900.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Crypto exchange Binance today said it had set up Lightning nodes on the Bitcoin network to eventually offer Lightning-based bitcoin deposit and withdrawal services to users, as per a Tuesday tweet . Binance is working to integrate the Bitcoin Lightning Network for deposits and withdrawals, the exchange tweeted. However, there's still more tech work to be done. We'll update once Lightning is fully integrated. The Lightning network is dubbed a second layer of the Bitcoin blockchain, which serves to speed up transaction times and decrease network congestion. It achieves this by setting up payment channels that conduct off-chain transactions between users with fees of a few cents. In May, Binance said it would integrate the Lightning network to ease deposit and withdrawal activity for users. Binance had temporarily paused bitcoin withdrawals citing network congestion at the time which led to concerns among users around the exchanges reserve funds. Exchanges Kraken and Bitfinex already offer Lightning network services to users, and Coinbase CEO Brian Armstrong suggested in an April tweet that the exchange would offer Lightning network to users in the future. The Lightning network holds just under $145 million worth of bitcoin meant for quick payments as of Tuesday morning, data shows .... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin edged higher on Tuesday morning in Asia but failed to breach the US$29,500 resistance level. Ether also edged up, while other top 10 non-stablecoin cryptocurrencies traded flat to higher. Solana’s SOL led the winners. As risk sentiment improved in the wake of weak U.S. inflation data, last week saw an inflow for digital asset investment products after three consecutive weeks of outflows. Meanwhile, the Forkast 500 NFT index moved up after the NFT market logged the largest weekly total transactions since February 2022. U.S. stock futures traded mixed after Wall Street closed higher Monday on the back of a rally led by chipmaker Nvidia.\nBitcoin edged up 0.35% in the last 24 hours to US$29,408.45 as of 07:30 a.m. in Hong Kong, and logged a weekly gain of 0.91%, according toCoinMarketCapdata. The world’s leading cryptocurrency reached a high of US$29,660.25 early Tuesday morning.\nBitcoin’s price has remained largely within the $29,000 to $30,600 range for the past seven weeks, causing frustration among investors seeking higher rewards. However, low volatility could be a blessing in disguise, Nigel Green, founder and chief executive officer of financial management group deVere, said in an emailed statement.\n“This newfound stability attracts institutional investors, who have been historically wary of entering the market due to its extreme price swings,” Green said.\n“This stability is also a boon for businesses and consumers looking for a reliable store of value or medium of exchange,” he added.\nMatteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, said in an emailed note that low volatility does not necessarily mean low investor interest in the coin.\nGreco pointed to the Bitcoin long-term holder level — a metric that measures the percentage of Bitcoin holders who have held the coin for over 155 days —which reached itshighest ever levelover the first week of August.\n“The data shows how the vast majority of BTC holders did not execute trades in the last few months, as the low volumes and the almost inexistent volatility recorded in the last two months suggest,” said Greco.\n“These numbers are also typical to be observed during the summer months, especially July and August, and do not reflect a decrease in investors’ interest towards the digital asset market,” he added.\nMeanwhile, digital asset investment products saw an inflow of US$29 million in the week ending August 11. That followed three consecutive weeks of outflows totalling around US$144 million, according to a Mondayreportby European alternative asset manager CoinShares. Bitcoin saw an inflow of US$27 million — roughly 93% of the total inflows.\nThe inflows to digital asset investment products are “likely due to the recent U.S. inflation data, which was slightly below expectations, signifying that a September rate hike is less likely,” CoinShares wrote in the report.\nAlong with Bitcoin, Ether gained 0.22% to US$1,844.14 and added 1.05% for the past seven days. Other top 10 non-stablecoin cryptocurrencies all traded higher with the exception of Dogecoin, which inched 0.06% lower to US$0.07477 but gained 2.05% for the week.\nSolana’s SOL led the winners, rising 3.50% to US$25.17 for a 9.42% weekly gain.\nSynesis One, an artificial intelligence (AI) data crowdsourcing platform based on the Solana blockchain, launched its new train-to-earn application “Workspace by Synesis” on Monday.\nThe app allows users to train AIs as data providers while earning cryptocurrencies as rewards. This process, Synesis One claims, will result in a “fully traceable and auditable” data supply chain.\nOutside the top 10 cryptos, HBAR, the utility token of distributed ledger technology platform Hedera Hashgraph, saw its price surge 13.59% in the past 24 hours to US$0.06666. That contributed to a weekly jump of 12.89%.\nHBAR received a boost after Dropp, a Hedera-based micropayments application, wasaddedto the U.S. Federal Reserve’s instant payments platform FedNow. The Fed-run service allows merchants to “accept small-value purchases digitally without paying large transaction fees” following its launch in July.\nThe total crypto market capitalization moved up 0.40% in the past 24 hours to US$1.17 trillion, while trading volume rose 47.95% to US$28.52 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexmoved up 0.39% in the past 24 hours to 2,486.89 as of 09:50 a.m. in Hong Kong, and notched a 0.27% gain for the week. Forkast’s Ethereum and Polygon NFT indexes also logged gains, while the indexes for Solana and Cardano dropped.\nTotal NFT trading volume rose 22.88% in the past 24 hours to over US$16.48 million, according to data fromCryptoSlam. Volumes on the Ethereum, Solana, Polygon, and Cardano blockchains all logged gains, while volume on the Bitcoin blockchain dipped.\nIn the week ending August 13, NFT sales topped US$101 million after sitting short of US$100 million for three consecutive weeks. Meanwhile, NFT transactions for the week totaled more than 2.80 million, a high not seen since February 2022.\nYehudah Petscher, NFT Strategist at Forkast Labs, commenting on the past week’s surge in NFT sales, said that he saw the emergence of low-priced collections as key to a sustained potential uptick in the market.\n“We’re getting a glimpse of the future of NFTs. More affordable prices, higher volume, likely big brands and this is what we’re seeing in DraftKings, DMarket, Gods Unchained, and Sorare,” said Petscher.\nCombined, Petscher noted, those three collections alone notched 872,185 transactions — nearly a third of the week’s total transactions.\n“The question is, is this sustainable? I think it is, and that’s exactly why this will be the future. Traders haven’t really left NFT, they just ran out of liquidity since there’s no profits. But they can afford NFTs that are priced at just a few dollars,” Petscher added.\nAmong NFT collections, Ethereum-based DeGods saw the largest 24-hour sales volume. The collection surged 144.25% to over US$2.21 million after the projectlaunchedits “Season 3” digital art collection on Sunday.\nRather than introducing new NFTs, Season 3 allows its holders to upgrade their original DeGods NFT and receive four generative artworks.\nMythos Chain-based DMarket and ImmutableX-based Gods Unchained — two video game-adjacent collections — came in second and third place in terms of 24-hour sales volume.\nMeanwhile, global beverage giant Coca-Cola Company introduced its “Masterpiece” NFT collection on Monday. The collection combines classic and contemporary art pieces with virtual coca-cola bottles, the company said.\nThe collection is issued on the Base blockchain, an Ethereum layer-2 network recentlylaunchedby crypto exchange Coinbase.\nU.S. stock futures traded higher as of 11:20 a.m. in Hong Kong following gains at the close of trading Monday. The tech-heavy Nasdaq led the gains with a rise of 0.34%.\nIn Asia, the main stock indexes traded mixed on Tuesday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng and South Korea’s Kospi all logged losses, while Japan’s Nikkei moved higher.\nArtificial intelligence (AI) chipmaker Nvidia Corporation posted a rise of 7.09% on Monday, its highest daily rise since May. That jump followed a note from multinational investment bank Morgan Stanley that described the U.S. tech giant as its “top pick” amid a “massive shift in spending towards AI.”\nNvidia’s highly anticipated quarterly earnings report is due for release next week.\n“It’s the first day in a while that tech has really significantly outperformed,” Jay Hatfield, CEO of U.S.-based investment advisor Infrastructure Capital Advisors,toldReuters.\n“That’s indicative of the fact that you have this blockbuster Nvidia report coming up and that could support the tech market pretty substantially,” Hatfield added.\nU.S. investors now await the release of retail sales data on Tuesday, followed by the U.S. Federal Reserve’s July meeting minutes on Wednesday, for further insight on the health of the U.S. economy and the Fed’s future monetary policies.\nThe Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level since January 2001. Analysts at theCME FedWatch Toolpredict a 88.5% chance there will be no interest rate hike in September.\nElsewhere, China’s central bank unexpectedly lowered the rate of its medium-term lending facility (MLF) by 15 basis points to 2.5% on Tuesday, only two months after the previous rate cut in June.\n“The slightly earlier timing and a larger than expected 15 basis point rate cut of MLF show that Beijing feels the urgency to take more policy easing actions to stabilize expectations and growth,” Xiaojia Zhi, chief China economist at international banking group Credit Agricole,toldBloomberg.\nZhi added that China could see more monetary easing in the coming months.\nThe decision was announced shortly before China’s National Bureau of Statisticsreporteddisappointing economic data for July. That data included a rise in the urban unemployment rate, as well as decelerated and smaller-than-expected growth in retail sales and industrial production, according to theWall Street Journal.\n(Updates with equities section.)', 'Bitcoin edged higher on Tuesday morning in Asia but failed to breach the US$29,500 resistance level. Ether also edged up, while other top 10 non-stablecoin cryptocurrencies traded flat to higher. Solana’s SOL led the winners. As risk sentiment improved in the wake of weak U.S. inflation data, last week saw an inflow for digital asset investment products after three consecutive weeks of outflows. Meanwhile, the Forkast 500 NFT index moved up after the NFT market logged the largest weekly total transactions since February 2022. U.S. stock futures trade Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $571,724,129,950 - Hash Rate: 445348917.3077294 - Transaction Count: 583063.0 - Unique Addresses: 786113.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Illustration by Mitchell Preffer for Decrypt. The recovery that began last week —after U.S. inflation appeared to cool—hit its stride this week as markets continued to reverberate from the bombshell of the world’s largest asset manager, BlackRock, filing an application to the SEC for a Bitcoin spot Exchange-Traded Fund (ETF). Dozens of companies apply for ETFs, and dozens have been rejected. To date, not a single Bitcoin spot ETF has been approved by the crypto-skeptic SEC, despite the fact that Canadian regulators have approved many of them. The stakes are high: a spot ETF would offer investors the chance to buy into Bitcoin and either ride the gravy train or go to hell in a hand basket, but if the latter, they’ll be safe in the knowledge that their investment is protected, unlike those who purchase and store crypto directly. If anybody has a chance of getting an ETF approved, it’s BlackRock. The firm boasts an incredible $9 trillion in assets under management and has a winning score of 575-1 when it comes to getting an ETF approved by the SEC. The news inspired two more U.S. asset managers, WisdomTree and Invesco , which have both previously applied for their own ETFs—to file fresh ETF applications this week. Valkyrie followed suit shortly after. Bitcoin (BTC) and Ethereum (ETC) both surged this week. The world’s biggest cryptocurrency shot up 18% to its current price of $30,687, while the biggest runner up rallied 12.7% to trade at $1,893 at the start of the weekend. Investors flooded into other cryptocurrencies this week as well. In fact, most of the top thirty cryptocurrencies by market cap shot up by double-digit percentages. There were no losses among the major unbacked coins. Bitcoin fork Bitcoin Cash (BCH) ballooned a staggering 80.5% over the last seven days and currently trades for $192.90. Regulation and expansion While all eyes were on the SEC and big asset managers this week, there were a couple of other stories that indicated the steady adoption of crypto is continuing around the world. Story continues In the United Kingdom, a central bank digital currency (CBDC) trial project backed by the Bank of England published its findings, concluding that a centrally-issued sterling-pegged digital currency could “enable a robust ecosystem to foster innovation , and to help meet the future needs of a more digitalised society.” The project—dubbed Project Rosalind—emphasized the programmability of crypto through smart contracts, which facilitate automatic payments and enable new kinds of online transactions. On Monday, British parliamentarians in the House of Lords (upper chamber) voted through the Financial Services and Markets Bill , a piece of legislation that proposes regulation for stablecoins, crypto and crypto promotion. The bill has already passed the House of Commons and has made it through to the final stages: the Consideration of Amendments, where both chambers debate the proposals and tighten the screws until they both agree. The final stage requires a signature from King Charlie himself. It was reported on Tuesday that Germany’s largest bank, Deutsche Bank, applied for a digital asset custody platform license with the German finance regulator, the Federal Financial Supervisory Authority (BaFin). During a semiannual hearing on monetary policy held by the Republican-led House Financial Services Committee and led by Patrick McHenry (R-NC) on Wednesday, Fed chair Jerome Powell said the U.S. central bank should play a “robust federal role” in crypto regulation and added that Bitcoin has “ staying power ” while implying the same about stablecoins. Finally, XRP progenitor Ripple was granted an in-principle payments license in Singapore. Ripple has long felt heat from U.S. regulators. A lawsuit against it by the SEC has been ongoing since 2020 and, like Coinbase, the company is now hedging its bets through global expansion.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin and Ether fell on Wednesday morning in Asia, along with other top 10 non-stablecoin cryptocurrencies by market capitalization. Polygon’s MATIC led the losers, while Cardano’s ADA also dipped on news Binance will axe perpetual contracts for the two tokens. Elsewhere, the Forkast 500 NFT index moved down, although changes in trading habits have market analysts predicting good times ahead. In the U.S., stock futures steadied after a rocky Tuesday. Stronger than expected sales data left investors fearing the Fed’s rate hiking cycle may continue. Ratings agency Fitch dampened investor sentiment further by suggesting it could downgrade a number of major U.S. banks. Crypto down Bitcoin fell 0.85% in the last 24 hours to US$29,169.14 as of 07:00 a.m. in Hong Kong, and logged a weekly gain of 1.99%, according to CoinMarketCap data. The world’s leading cryptocurrency has traded below US$30,000 since last Wednesday. Cryptos took a hit Tuesday as the three major U.S. exchanges posted losses. “It’s a tough day for many as both crypto and traditional finance are seeing red. We have seen this before, where cryptocurrency markets mirror what we see with the Nasdaq, down 1.14%,” said Caroline Bowler, chief executive officer of Australian exchange BTC Markets. “These data points are not helped by the lack of liquidity, as we sit in the doldrums so far in August,” she added. Bowler noted that Bitcoin has, however, been range bound for the last two months, sustaining one-year highs. “There is a lot more to come for this asset class,” said Bowler. Meanwhile, Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, was more bearish in his outlook. “Despite the intraday fluctuations, the daily candles close near their opening levels, indicating a lack of direction and conviction,” he Kuptsikevich. “This usually precedes a sharp move and for now, we see more downside risk, with a potential drop to $28K in the near term,” Kuptsikevich added. Story continues Elsewhere, Ether lost 0.95% to US$1,826.79, falling 1.63% in the past seven days. Similarly, all other top 10 non-stablecoin cryptocurrencies were in decline with the losses led by Polygon’s MATIC. The token lost 6.72% to US$0.6338 on Wednesday morning, dropping 7.43% for the week. Solana’ SOL dipped 5.08% to US$23.84 for a weekly loss of 1.08%. Cardano’s ADA token also dropped 3.13% to US$0.2817, logging a 5.95% weekly decline. The ADA and MATIC losses came after Binance, the world’s largest cryptocurrency exchange by trade volume, announced it will delist perpetual contracts for the two cryptos from Thursday. In June, the U.S. Securities and Exchange Commission (SEC) labeled both MATIC and ADA as financial securities in its lawsuits against Binance.US and Coinbase. Binance CEO Changpeng Zhao and Binance itself were charged with manipulating trading volumes on the platform and diverting customer funds. On Monday, Binance filed a protective court order against the SEC seeking to limit the agency’s “overbroad” requests for information. The total crypto market capitalization moved down 1.32% in the past 24 hours to US$1.16 trillion, while trading volume rose 3.48% to US$29.71 billion. NFT sales price driving change The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index edged down 0.05% in the past 24 hours to 2483.42 as of 08:30 a.m. in Hong Kong. However, the index still shows a 0.22% gain for the week. Forkast’s Ethereum, Polygon and Cardano NFT indexes logged gains, while the index for Solana dropped. Total NFT trading volume rose 14.24% in the past 24 hours to over US$17.72 million, according to data from CryptoSlam . Volumes on the Ethereum, Polygon, Solana and Mythos blockchains all logged gains, while volume on ImmutableX and Bitcoin blockchain dipped. “Something is changing in the NFT market. Traders are very active. While it’s not evident based on total sales, look at the increase in daily global transactions which is at an 18 month high,” said Yehudah Petscher, NFT Strategist at Forkast Labs. The number of global NFT transactions in the last 24 hours grew 2.74% to 590,215. That number is a 173.5% increase on the 215,768 transactions posted on Jan. 1. “Average sales price is the key driver of this change, with the average NFT selling price of $26.81 yesterday reflecting a three year low last seen on Sep. 5, 2020 with a $15.44 average sale price,” Petscher explained. Among NFT collections, Ethereum-based DeGods topped the 24-hour sales volume ranking. The collection rose 28.70% to over US$2.17 million with the launch of its “Season 3” digital art collection on Sunday. “DMarket alone had over US$71,000 sales, many of which at under $1, and you’ll see similar sales in Gods Unchained. DraftKings and Sorare aren’t far off with sales of just a few dollars coming in by the second,” said Petscher. DMarket, a collection linked to Mythos network-based blockchain games, came in second in terms of sales volume. It rose 7.39% to US$959,782. Polygon-based DraftKings NFTs, from the fantasy sports platform of the same name, surged 52.86% to US$785,459. Gods Unchained, from another blockchain-based card trading game, dipped 9.84% to US$616,225 but remained in CryptoSlam’s top five collections ranking. Bad news for US banks and Fed watchers, while China’s economic woes deepen Image: Envato Elements U.S. stock futures traded steady to higher as of 10:50 a.m. in Hong Kong. That followed a rocky Tuesday, with the Dow Jones, S&P and Nasdaq all dipping more than 1.00% during regular trading hours. The main stock indexes in Asia — China’s Shanghai Composite, Hong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi — all posted losses on Tuesday morning. The Hang Seng Index led the losses with a 1.34% decline. The U.S. posted upbeat retail sales data on Tuesday. The 0.7% increase was higher than the estimated 0.4%, with U.S. consumers continuing to spend despite the recent cycle of interest rate hikes by the U.S. Federal Reserve. Upward sales data, a strong jobs market and rising wages could see the Fed strengthen its resolve to maintain interest rates at the current or higher levels. “This simply means the Fed will have to be more aggressive raising rates higher and keeping rates higher for longer,” said Lindsey Piegza, chief economist at U.S.-based wealth management group Stifel Financial Corp., in an interview with Bloomberg . Still, analysts at the CME FedWatch Tool gave a 90.5% chance that the Federal Reserve will not raise interest rates in September, up from 88.5% on Tuesday. The Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level since January 2001. Ratings agency Fitch shook U.S. equities markets further when it warned of a downgrade for dozens of major U.S. banks including JPMorgan and Bank of America. That followed a similar warning for mid-size banks from ratings agency Moody’s last week. Fitch also downgraded the United States’ long term credit rating from AAA to AA+ in early August citing long-term macroeconomic concerns. China market losses reflected the bearish sentiment in the U.S. as it entered a fourth consecutive session of decline. The country’s economic activity data for July — retail sales, industrial output and investment — all came in lower than expected, worsening concerns about China’s economic health. “Most reports point to an economy that, far from roaring back from Covid Zero, is struggling to make much headway,” wrote Daniel Moss, Asian economies columnist at Bloomberg. “It’s also unclear whether, with the property industry in dire straits and the economy suffering from a broad lack of demand, steep cuts in rates might transpire into a dramatic improvement,” Moss wrote. China’s monetary authority unexpectedly cut loan rates by 15 basis points on Tuesday. U.S. investors now await Wednesday’s earnings report from giant retailer Target. Other U.S. retail leaders, Walmart and Home Depot, are set to release their quarterly results this week. (Updates with equities section.)', 'Bitcoin and Ether fell on Wednesday morning in Asia, along with other top 10 non-stablecoin cryptocurrencies by market capitalization. Polygon’s MATIC led the losers, while Cardano’s ADA also dipped on news Binance will axe perpetual contracts for the two tokens. Elsewhere, the Forkast 500 NFT index moved down, although changes in trading habits have market analysts predicting good times ahead. In the U.S., stock futures steadied after a rocky Tuesday. Stronger than expected sales data left investors fearing the Fed’s rate hiking cycle may continue. Ratings agency Fitch dampened investor sentiment further by suggesting it could downgrade a number of major U.S. banks. Crypto down Bitcoin fell 0.85% in the last 24 hours to US$29,169.14 as of 07:00 a.m. in Hong Kong, and logged a weekly gain of 1.99%, according to CoinMarketCap data. The world’s leading cryptocurrency has traded below US$30,000 since last Wednesday. Cryptos took a hit Tuesday as the three major U.S. exchanges posted losses. “It’s a tough day for many as both crypto and traditional finance are seeing red. We have seen this before, where cryptocurrency markets mirror what we see with the Nasdaq, down 1.14%,” said Caroline Bowler, chief executive officer of Australian exchange BTC Markets. “These data points are not helped by the lack of liquidity, as we sit in the doldrums so far in August,” she added. Bowler noted that Bitcoin has, however, been range bound for the last two months, sustaining one-year highs. “There is a lot more to come for this asset class,” said Bowler. Meanwhile, Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, was more bearish in his outlook. “Despite the intraday fluctuations, the daily candles close near their opening levels, in Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $566,495,684,550 - Hash Rate: 424513880.24070114 - Transaction Count: 566878.0 - Unique Addresses: 669749.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A cryptocurrency exchange called EDX Markets and backed by several Wall Street firms such as Charles Schwab, Citadel Securities, and Fidelity Digital Assets conducted its first trades on Tuesday, signaling some institutions aren’t hightailing it for the hills on crypto despite recent regulatory pressures in the U.S. It aims to take elements of traditional finance and port them over to crypto, focussing on compliance and mitigating conflicts of interest. EDX also announced it closed a new funding round, bringing firms like GSR Markets and Miami International Holdings into the fold as well. The exchange’s CEO, Jamil Nazarali, recognized in a statement that institutional investors want access to crypto markets through means that mirror established practices in finance. BlackRock Bitcoin ETF Is the ‘Real Deal’—Is This Finally the One? “EDX’s ability to attract new investors and partners in the face of sector headwinds demonstrates the strength of our platform and the demand for a safe and compliant cryptocurrency market,” he said. “We are committed to bringing the best of traditional finance to cryptocurrency markets.” The way David Schwed, chief operating officer at Halborn Security puts it, EDX has built the infrastructure Wall Street banks will need as they enter the space. As countless B2B startups have discovered, it pays to be a trusted vendor to big firms. “They're building the plumbing and the middleware and the technology to kind of offer that,” he toldDecrypt. “So like this, to me, is the right move to build right now. Because whoever enters the space and wants to build on the endpoints on the regulated side is going to need this type of technology.” SEC Labels Algorand and Five Other Tokens as Securities in Bittrex Lawsuit EDX’s first trades come just days after BlackRock, the world’s largest asset manager, announced a bit to establish the U.S.’s firstspot Bitcoin ETF. And as the Securities and Exchange Commission cracks down on the industry’s preeminent players, Binance and Coinbase, EDX appears poised to help Wall Street enter a crypto fray in flux. “The window to front-run institutional demand for Bitcoin is closing,” MicroStrategy founder and Executive Chairman Michael Saylorsaidin a Tweet referencing EDX, among the many commentators in crypto that believe Wall Street is making a concerted push. Unlike the leading cryptocurrency exchanges of today that offer customers a panoply of digital currencies, EDX offers investors four coins: Bitcoin, Ethereum Litecoin, and Bitcoin Cash. In terms of market capitalization, the tokens account for 67% of the entire crypto market, according toCoinGecko. The limited listings are likely by design. SEC Chair Gary Gensler has said “everything but Bitcoin” is a security, and the agencyensnaredseveral of the industry’s leading altcoins in lawsuits against Binance and Coinbase weeks ago. Prior to his role at EDX, Nazarali served as the global head of business development at Citadel Securities, a leading market maker in the U.S. owned by entrepreneur Ken Griffin. Famously, Griffin beat out a group of people in a Sotheby’s auction organized under a DAO thattried to buy a copyof the U.S. Constitution.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Bitcoin and Ether fell on Thursday morning in Asia, along with other top 10 non-stablecoin cryptos. Bitcoin briefly dipped below $28,500, while Ether’s losses took it below the psychologically important $1,800 threshold. Smaller altcoins such as Dogecoin, Solana and Ripple suffered the biggest drops. In more bullish news, Coinbase Global received approval to offer crypto futures to U.S. retail investors. The Forkast 500 NFT Index was down, although market sentiment remains positive amid a prolonged increase in global transactions. U.S. equity futures traded mixed after another day of losses Wednesday. The release of the minutes for July’s Federal Reserve meeting on interest rates has cast a shadow over equities, the mood music now suggesting a prolonged period of elevated rates or even another hike. Another down day for crypto Bitcoin fell 0.95% in the last 24 hours to US$28,551.83 as of 9:00 a.m. in Hong Kong, after briefly falling below the $28,500 threshold earlier in the morning. The largest crypto by market capitalization logged a weekly loss of 3.51%, according to CoinMarketCap data . Ether also lost 1.80% to US$1,794.91 — below the psychologically important $1,800 level — for a 3.28% drop in the past seven days. All other top 10 non-stablecoin cryptocurrencies were down. Dogecoin was the biggest loser among the top 10, dropping 5.01% to US$0.06731 for a weekly loss of 10.07%. Solana followed in terms of losses, dipping 4.25% to US$22.83. The token fell 5.98% in the past week. “Larger currencies have seen less pressure than smaller altcoins,” wrote Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, in an emailed statement. “Rising U.S. Treasury yields put pressure on riskier assets,” Kuptsikevich explained. The losses arrive in the midst of more positive news for the crypto market. On Wednesday, Coinbase Global — the largest cryptocurrency exchange in the U.S. — announced that it has received approval from the National Futures Association to offer crypto futures to U.S. retail investors. Previously, only institutional customers could trade crypto futures on the platform. Story continues Coinbase called it a “watershed moment,” celebrating the win despite facing securities violation charges from the U.S. Securities and Exchange Commission (SEC). Major moment for crypto regulatory clarity in the U.S. This has been a multi-year process toward approval, and we're excited to finally be launching federally regulated crypto derivatives with margin to our U.S. customers. When there is a clear path to register, we do. https://t.co/TxSOAIpoPj — Brian Armstrong 🛡️ (@brian_armstrong) August 16, 2023 “They now have an approved, compliant [Futures Commission Merchant status] and they understand the nuances of crypto markets,” wrote Chris Perkins, president and managing partner at New York-based investment advisor CoinFund. “It’s an important step forward in cultivating deep, liquid derivative markets — which are very much needed. This should be very good for Coinbase, and excellent for crypto markets,” Perkins added. Ripple’s XRP token also lost 3.66% to US$0.5862, posting a weekly loss of 8.08%. On July 13, Ripple appeared to score a victory in its ongoing legal battle with the SEC. A New York court ruled that the sale of XRP on public exchanges does not violate securities laws. However, that aspect of the case is again under scrutiny as, on Aug. 9, the SEC asked for a review of the ruling — contributing to the downward pressure on XRP’s price. The total crypto market capitalization moved down 1.47% in the past 24 hours to US$1.14 trillion, while trading volume rose 13.64% to US$33.76 billion. Daily NFT transactions hit historic levels The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index fell 0.76% in the past 24 hours to 2457.08 as of 08:45 a.m. in Hong Kong. The index shows a 1.23% loss for the week. Forkast’s Ethereum, Solana and Cardano NFT indexes logged losses, while the index for Polygon gained. Total NFT trading volume dipped 7.72% in the past 24 hours to US$15.01 million, according to data from CryptoSlam. Volumes on the Ethereum, Polygon and ImmutableX blockchains logged losses, while volume on Solana and Mythos gained. On Wednesday, the total number of global NFT transactions reached a new milestone, marking an all-time high of 617,619, up from 595,209 on Tuesday. “The NFT market is maturing right in front of us and we’re hitting historic levels on a daily basis,” said Yehudah Petscher, NFT strategist at Forkast Labs. “Sales volume isn’t my measure for how healthy the NFT ecosystem is, it’s the buyers, sellers and it’s transactions,” said Petscher. “I am so bullish on NFTs right now.” Much of that optimism, Petscher said, is based on a decline in NFT prices, with the average price of a single NFT now US$22.08, down from US37.85 a week earlier. “Average sale prices, I want to point out again they continue to decline and that’s a very, very good thing. We want to bring in the masses. We want our friends and families to come into NFTs,” Petscher added. DMarket, a collection linked to Mythos network-based blockchain games, topped the NFT collections chart by trade volume on CryptoSlam, adding 0.45% to US$970,811. Ethereum-based DeGods came in second despite a 38.75% slump to US$922,882. The collection recently launched its “Season 3” collection update on Sunday. New-entry The Heist, an NFT collection based on the strategy game of the same name, placed third with a trade volume of US$756,980. Fed minutes signpost potential hikes ahead U.S. Federal Reserve Board Chairman Jerome Powell \| Image: Getty Images U.S. stock futures traded mixed as of 10:45 a.m. in Hong Kong following a decline across all three major indexes during regular trading Wednesday. Wednesday’s release of the minutes from the U.S. Federal Reserve’s July meeting has put a dampener on investor sentiment. The discussion revealed concerns among Fed members that additional interest rate hikes may be needed to control inflation. The minutes stated that “with inflation still well above the Committee’s longer-run goal and the labor market remaining tight, most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy.” Following the release of the meeting minutes, analysts at the CME FedWatch Tool gave a 13.5% chance that the Federal Reserve will raise interest rates in September, up from 9.5% on Wednesday. The Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level since January 2001. The main stock indexes in Asia — China’s Shanghai Composite, Hong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi — all posted losses on Thursday morning, echoing bearish sentiment in the U.S. The Shanghai Composite fell 0.15% to around 3,145, its lowest level since early January. That reading combined with weak economic data and the nation’s ongoing property sector debt crisis points to a downturn in the Chinese economy. “Prolonged weakness in property construction will add to destocking pressures in the industrial space and depress consumption demand as well,” said Tao Wang, economist at UBS Investment Bank, according to Reuters. “In such a case, economic momentum may stay subdued in the rest of the year and China may miss this year’s growth target of around 5%,” Wang added. China has also stopped releasing youth unemployment data after the figure hit a record high of 21.3% in June. The suspension follows a string of downbeat economic reports in China, including retail sales and industrial output, raising fears about a slide into recession. Meanwhile, U.S. retail giant Target reported a slump in quarterly revenue. The US$24.77 billion in Q2 was lower than the estimated US$25.16 billion. However, Target shares still added 2.96% on Wednesday. Major U.S. retailer Walmart is set to release its quarterly results on Thursday. (Updates with equities section.)", 'Bitcoin and Ether fell on Thursday morning in Asia, along with other top 10 non-stablecoin cryptos. Bitcoin briefly dipped below $28,500, while Ether’s losses took it below the psychologically important $1,800 threshold. Smaller altcoins such as Dogecoin, Solana and Ripple suffered the biggest drops. In more bullish news, Coinbase Global received approval to offer crypto futures to U.S. retail investors. The Forkast 500 NFT Index was down, although market sentiment remains positive amid a prolonged increase in global transactions. U.S. equity futures traded mixed after another day of losses Wednesday. The release of the minutes for July’s Federal Reserve meeting on interest rates has cast a shadow over equities, the mood music now suggesting a prolonged period of elevated rates or even another hike.\nBitcoin fell 0.95% in the last 24 hours to US$28,551.83 as of 9:00 a.m. in Hong Kong, after briefly falling below the $28,500 threshold earlier in the morning. The largest crypto by market capitalization logged a weekly loss of 3.51%, according to CoinMarketCapdata.\nEther also lost 1.80% to US$1,794.91 — below the psychologically important $1,800 level — for a 3.28% drop in the past seven days.\nAll other top 10 non-stablecoin cryptocurrencies were down. Dogecoin was the biggest loser among the top 10, dropping 5.01% to US$0.06731 for a weekly loss of 10.07%. Solana followed in terms of losses, dipping 4.25% to US$22.83. The token fell 5.98% in the past week.\n“Larger currencies have seen less pressure than smaller altcoins,” wrote Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, in an emailed statement.\n“Rising U.S. Treasury yields put pressure on riskier assets,” Kuptsikevich explained.\nThe losses arrive in the midst of more positive news for the crypto market.\ Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $555,737,073,612 - Hash Rate: 406283222.8070514 - Transaction Count: 502274.0 - Unique Addresses: 769086.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: You may be surprised to learn that the SEC’s ongoing efforts to rein in the crypto industry have been greeted warmly by at least some Bitcoiners. Because Bitcoin is firmly classed as a commodity rather than a security, those of a “Bitcoin maximalist” mindset have sometimes seen the crackdown as both a tactical and moral win. The laser-eyed set isn’t shy about sharing Gary Gensler’s skepticism of more centralized tokens like Solana, Cardano and even good old Ethereum. This story is part of CoinDesk's 2023 Mining Week , sponsored by Foundry. In broad strokes, Bitcoin and similarly structured proof-of-work tokens are commodities rather than securities because there is no central entity that collects capital in exchange for a promise of future returns. A proof-of-work chain like Bitcoin is purely a protocol, rather than a platform, product, or ecosystem – it’s a common enterprise, but you participate by following the rules, not by handing someone a sack of money behind the dumpster on Colesville Road . So if you want to be in crypto but not at risk of catching an SEC stray, you probably want to hold Bitcoin. This has manifested as a fairly steady rise in “Bitcoin dominance,” or Bitcoin’s share of total crypto market value, over the course of the SEC’s 2023 legal adventures. But that doesn’t mean bitcoin miners are completely free from SEC risk: in fact, it’s very easy to wrap commodity bitcoin in arrangements that are quite clearly securities contracts. In the wake of the recent split ruling in the SEC’s case against Ripple, this nuance may provide some timely insight into the relationship between a token in itself, and the agreements, transactions, and contracts surrounding it. The shadows of 'cloud mining' Recent crypto entrants may be surprised to learn that some of the earliest SEC actions on crypto, dating back at least as far as 2015, targeted Bitcoin miners – specifically, so-called “cloud miners.” The nominal goal of cloud miners was to offer colocation and management services to make mining easy, paralleling more general cloud providers like Amazon Web Services’ remote hosting. Read more: Anthony Power - How Miners Are Preparing for the Next Bitcoin Halving Unfortunately, many early cloud miners pursued flawed business models. Though they varied, a typical cloud mining contract would offer customers a particular amount of computing power (specifically, hashrate) for a set periodic cost. This appeared to amount to a security, since it implied a performance standard for the management of a pooled resource. But the model also invited fraud, which wound up being the more acute problem. Story continues “The reputational shadow [of cloud mining] has been a stain on our entire industry,” says Kent Halliburton, President and COO of Sazmining, a hosted miner (for an explanation of the difference between hosted and cloud mining, see below). “Because so many people have gotten hurt and hosed. We said, if you’re selling hashrate, how are you not selling a security? We wanted to stay totally clear from it.” The flaw of the cloud mining model, both from regulatory and trust standpoints, is that selling hashrate amounts to a guarantee of a specific output over time, reliant on the seller’s management expertise. There are also ample chances for deception and mismanagement: many cloud miners, maliciously or through incompetence, sold more hashrate than their machines could actually generate, and wound up effectively running ponzi schemes as they used new buyer funds to keep up. Probably the most notorious cloud mining fraud was Josh Garza’s GAW mining , which was charged by the SEC in 2015. But cloud miners are still out there: an entity called Mining Capital Cloud Corp was hit with fraud charges in 2022. Hosted mining – a safer path? This legacy doesn’t imply all remote mining services are inherently securities. “I think the structuring matters a lot there,” says Matt Walsh, partner at the Bitcoin-centric VC firm Castle Island. “What are you getting exposure to? A passthrough, or a direct physical machine?” Castle Island is an investor in River Financial, one of the firms offering what’s known as “hosted mining” or “mining as a service” as an improvement on the flawed cloud mining model. Instead of selling hashrate, these firms sell specific, individual machines and charge monthly service fees for remote management. Sazmining and Compass also offer hosted mining services. Among other features, hosted mining firms let customers monitor their individual machines in real time, seemingly leaving less room for either overcommitment or deception. Halliburton also says Sazmining sends block rewards directly to owners’ wallets, seemingly eliminating custody risk. Though they provide output estimates, returns vary according to network conditions. Everything is a security (if you work hard enough) These contrasts transfer to some other aspects of crypto and securities law. The distinction between cloud mining and hosted mining, for instance, is roughly parallel to the distinction between different models for offering third-party staking services for proof-of-stake systems. In February, Kraken paid a small SEC fine and agreed to shutter its staking service , but Coinbase has instead pledged to fight classification of its staking service as a securities offering. Read more: Jeff Wilser - Crypto Miners Are Pivoting to AI (Like Everyone Else) The difference, at least according to some analysts, is that Kraken engaged in more intermediary management in pursuit of better returns for customers, making its staking service effectively a risk-bearing yield product. Coinbase instead acted as a more direct conduit to on-chain staking systems, rather than engaging in any active management or strategy on behalf of customers. The most extreme illustrative example of how to turn boring Bitcoin mining into the regulatory equivalent of radioactive waste may be Celsius , the fraudulent crypto “bank.” While positioning itself as safe, Celsius was actually engaged in highly risky speculation on a chaotic mishmash of assets and ideas. One of those, it turns out, was a small mining operation in Texas that was sold off after Celsius’ bankruptcy. While it was just one small part of Celsius’ business model (wildly reckless and utterly disorganized speculation), the mining operation was implicated in SEC claims that Celsius violated securities law . Leaving aside Celsius’ fraudulent nature, a depositor in a crypto fund that received returns driven by a mining operation they don’t manage is clearly handing over money in expectation of a return created by the efforts of a third party. To paraphrase the seemingly immortal Howey Test , that’s how you turn an orange into a contract to produce an orange – and something innocuous into a fraught securities contract. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['After bottoming out at a two-month low of around US$25,400, Bitcoin recovered some losses on Friday morning in Asia to trade around US$26,800. Ether also fell dramatically to a low of around US$1,550 before rebounding to just under the US$1,700 line. All other top 10 non-stablecoin cryptos logged losses as macroeconomic factors — including the depreciation of the Chinese yuan and the bankruptcy of Chinese property giant Evergrande — hit investor sentiment. Overall, investors liquidated US$1 billion in cryptocurrencies, driving the total market capitalization to the edge of the psychologically important US$1 trillion threshold.\nXRP led the losers, after a U.S. judge granted the U.S. Securities and Exchange Commission (SEC) approval to file a motion to appeal the recent favorable ruling for Ripple Labs regarding retail sales of token XRP. Meanwhile, the Forkast 500 NFT index dropped but a rise in transactions continued. U.S. stock futures steadied after Wall Street closed lower on Thursday. The release of minutes from the Federal Reserve’s July meeting continues to fuel concerns of more monetary tightening ahead\nBitcoin slid 7.02% in the last 24 hours to US$26,819.27 as of 07:20 a.m. in Hong Kong, logging a weekly loss of 8.88%, according toCoinMarketCapdata. The world’s leading cryptocurrency hit a two-month low of US$25,409.11 on early Friday morning.\n“During late US / early Asia trading volumes, Bitcoin prices broke the critical support level at US$28,000. We knew a crash (or sharp decline) could be coming,” Markus Thielen, head of crypto research at digital asset service platform Matrixport, wrote in an emailed note.\n“Realized volatility had hit 18%; the last time volatility was this low, in November 2018, Bitcoin’s 30-day realized volatility spiked to over 100% as prices crashed by 46%. In Bitcoin, sharp price declines have often followed low volatility periods. We are not predicting such a significant decline but expected, at least, a -13% decline (so far, prices are down -10%).”\nThere is also the looming shadow of macro risks to consider, added Thielen.\n“The biggest is a potential devaluation of the Chinese Yuan,tradingat the weakest level since 2007. In August 2015, when China devalued the Yuan for the last time, Bitcoin prices declined by -23% during the two weeks following the devaluation,” he said.\nAdding to the bearish sentiment in Bitcoin, a Fridayreportby The Wall Street Journal showed Elon Musk-founded rocket company SpaceX wrote down the value of its Bitcoin holdings by a total of US$373 million in the past two years.\n“This is really a past event (but) it is still news and investors understandably saw this as a bearish catalysis on top of macro moves,” said Justin d’Anethan, head of APAC business development at Belgium-based crypto market maker Keyrock.\nAlong with Bitcoin, Ether dropped 5.64% to US$1,706.22 and lost 7.80% for the past seven days, after reaching a five-month low of US$1,551.71 on early Friday morning.\nOther top 10 non-stablecoin cryptocurrencies all traded lower.\nCryptocurrencies saw a total liquidation of US$1 billion over the past 12 hours, with US$812.67 million of long positions — positions where investors bet the cryptocurrency price will rise — wiped out, according to data from crypto information platformCoinGlass.\nRipple’s XRP token led the losers, plunging 12.52% to US$0.5136 for a weekly loss of 18.85%.\nIn the on-going legal battle between Ripple Labs and the SEC, Judge Analisa Torres on Thursdaygrantedthe SEC’s request to appeal an earlier summary judgement in favor of Ripple.\nIn June, Torresruledthat Ripple’s programmatic sales of XRP did not violate securities laws, while its sales to institutional investors did. The ruling was seen as apartial victorynotched by Ripple. The SEC first sued the company in December 2020 for offering unregistered digital asset securities — an allegation Ripple denies.\n“The request for appeal (even if granted) doesn’t change the fact that XRP is not a security. That’s not up for debate / trial,” said Ripple Chief Executive Officer Brad Garlinghouse in a tweet on Wednesday.\nAccording to Thursday’s court filing, the SEC will file a motion for appeal on Friday, and Ripple has until September 1 to file its opposition papers.\nThe total crypto market capitalization dropped 5.69% in the past 24 hours to US$1.07 trillion — close to the psychologically important US$1 trillion threshold — while trading volume surged 78.91% to US$60.58 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe mainForkast 500 NFT indexdropped 0.37% in the past 24 hours to 2,445.03 as of 10:00 a.m. in Hong Kong, and fell 2.28% for the week. Forkast’s Ethereum and Solana NFT indexes logged gains, while the indexes for Polygon and Cardano dropped.\nWreck League, an NFT video game backed by Hong Kong-based gaming company Animoca Brands,launchedits NFT mint on early Friday in Asia. But the collection has unperformed, struggling to sell more than a third of its offerings so far.\n“It’s not a good day for NFTs,” said Yehudah Petscher, NFT strategist at Forkast Labs. “If anyone is wondering if traders are out of liquidity or conviction in the space, this just might be the answer.”\nThe collection’s struggles will impact on the wider market, Petscher added, as traders will look at Wreck League and lose confidence in other collections’ ability to sell.\nDespite Wreck League’s struggles, total NFT trading volume rose 30.97% in the past 24 hours to over US$18.69 million, according to data fromCryptoSlam. Volumes on the Ethereum and BNB Chain rose, while Solana, Polygon, and Cardano blockchains posted declines.\nDaily NFT transactions on Thursday surpassed Wednesday’s record to hit another all-time-high of over 649,000. Those totals eclipsed the previous high of 595,000 logged on Feb. 25, 2022.\nMeanwhile, the average NFT sales price stood at US$26.26, about one tenth of the average price for NFTs on Feb. 25, 2022. That crop signals “a major change in the NFT ecosystem,” according to Petscher.\n“The NFT space is in the midst of having a shift in its identity, moving to high volume, low dollar sales, and this is exactly what will eventually lead NFTs to mass adoption,” said Petscher.\n“Will this be enough to start attracting mainstream attention though? I think not quite yet, but we’re getting much closer to that with realistic prices and recognizable brands,” he added.\nDespite the rise in transactions, NFT sellers lost over US$1.91 million in Thursday trading, the biggest loss since July 20.\nAs NFTs attract more institutional interest, McDonald’s Corporation’s Singapore branch has teamed up with local entertainment company Bandwagon Labs for an NFT project based on the fast food chain’s Grimace character.\nThe mint of 2,000 Grimace-themed NFTs will go live on August 21. The NFTs are free to claim using the McDonald’s mobile app in Singapore, but cannot then be transferred to other wallets.\nAmong NFT collections, Ethereum-based Bored Ape Yacht Club saw the largest 24-hour sales volume. The collection surged 367.71% to over US$2.22 million as itsfloor pricedropped 11% in the past seven days.\nEthereum-based DeGods and Mythos Chain-based DMarket took the second and third places in terms of daily sales volumes.\nU.S. stock futures traded mixed as of 2:00 p.m. in Hong Kong with the Dow up and the S&P 500 and Nasdaq logging gains. All three major U.S. indexes closed lower at close of trading on Thursday.\nIn Asia, the main stock indexes moved down on Friday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei all logged losses.\nIn the U.S., jobless claims fell4.4%to 239,000 for the week ending August 12. The weekly figure is lower than economist expectations, pointing to a consistently tight labor market. That could open the door to further interest rate hikes.\n“The labor markets are not imploding,” Christopher Rupkey, chief economist at financial market research firm FWDBONDS, told Reuters. “The economy may be heating up instead of cooling down as the monetary medicine of higher 5.5% interest rates is not slowing aggregate demand like the economics textbooks say it should.”\nThe hot labor market data arrived after the U.S. Federal Reservereleasedits July meeting minutes on Wednesday.\nThe minutes show that “most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy.” Two participants indicated they “favored leaving the target range for the federal funds rate unchanged or that they could have supported such a proposal.”\nThe Fed meets on Sep. 19 to make its next move on interest rates, which are now between 5.25% to 5.50%, the highest level in the past 22 years. Analysts at theCME FedWatch Toolpredict a 88.5% chance there will be no interest rate hike in September, and a 11.5% chance for another 25-basis-point increase.\nMeanwhile, China Evergrande Group filed for Chapter 15 bankruptcy in a U.S. bankruptcy court on Thursday. The Chinese real estate developer firstdefaultedon U.S. dollar bond repayments in December 2021 amid China’s property debt crisis.\nBeyond the ailing property industry, Chinese authorities reportedlytoldstate-owned banks to ramp up currency market intervention this week. That followed aslidein the value of offshore Chinese yuan to below 7.30 per U.S. dollar on Wednesday — the lowest level since November 2022.\n“We have a lot of uncertainty about the Chinese economy,” Hebe Chen, analyst at London-based online trading provider IG Markets,toldBloomberg. “The market is now standing at a crossroads about whether or not we can continue to talk about the Chinese recovery story or should we shift the narrative to China slowing down or even entering a recession.”\n(Updates with equities section.)', "After b Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $514,093,642,112 - Hash Rate: 362008769.0396163 - Transaction Count: 423207.0 - Unique Addresses: 783855.0 Social & AI Sentiment: - Fear & Greed Index: 0.37 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Stocks of crypto companies fell Tuesday after a US judge said digital currencies can be considered securities when sold to the general public, contradicting an earlier ruling from a judge in a separate case. The decision bolstered the view of the Securities and Exchange Commission (SEC), which is the plaintiff in both cases. The US regulator has argued certain cryptocurrencies are securities and therefore should be overseen by the SEC, using that assertion as the basis for several lawsuits against major industry players. US crypto exchange Coinbase Global ( COIN ), which faces one such lawsuit from the SEC, dropped as much as 8.5% Tuesday. The price of bitcoin ( BTC-USD ) also fell below $29,000. The new decision that upended stocks came from US Judge Jed Rakoff in the Southern District of New York, who opposed an earlier ruling from Analisa Torres, another judge in the same US district court. Torres had concluded in mid-July that the XRP digital token issued by Ripple Labs was a security only when it was sold to institutional investors, and not when it was purchased by the general public. Rakoff disagreed with that specific view in his case, in which the SEC has alleged stablecoin issuer Terraform Labs sold unregistered securities. "The Court rejects the approach recently adopted by another judge of this District," he wrote. Jed Rakoff, a US judge in the Southern District of New York. (Yana Paskova for The Washington Post via Getty Images) (The Washington Post via Getty Images) The disagreement was a blow to some in the crypto world who had hailed the earlier ruling from Torres. "Well, it was a fun few weeks," said Gabriel Shapiro, general counsel for digital asset research and consulting firm Delphi Labs. The chief legal officer of Ripple Labs, Stuart Alderoty, said in a tweet that the new ruling from Rakoff "changes NOTHING about the Ripple ruling that XRP is not a security." well, it was a fun few weeks, gg https://t.co/WsCr7EdKeY — _gabrielShapir0 (@lex_node) August 1, 2023 The contradictory rulings makes the regulatory clarity surrounding most cryptocurrencies as murky as ever, according to Stephen Palley, a Washington, D.C.-based legal partner with Brown Rudnick who co-chairs the firm’s digital commerce group. Story continues “Expect to see more disagreement between courts, and less clarity, until Congress acts,” Palley said Monday over Twitter. Neither opinion from the US District Court in the Southern District of New York will set a binding precedent, he told Yahoo Finance Tuesday. "As we see here, even within the same judicial district ... one judge isn’t required to follow another judge’s holding." In another crypto case in the Southern District of NY, Judge Rakoff specifically declines to adopt Judge Torres’ reasoning in the Ripple case. Expect to see more disagreement between courts, and less clarity, until congress acts. Link to opinion: https://t.co/BMywIrxm6e pic.twitter.com/uFdytfRHcG — Palley (@stephendpalley) July 31, 2023 The SEC has brought 17 enforcement actions against crypto investors and businesses since the beginning of January. That includes cases against Coinbase and Binance, the world's biggest crypto exchange. Its most recent case came Monday when it alleged that Richard Heart, founder of crypto token project Hex, misappropriated millions of dollars from investors. Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["In a bear market, price action like RUNE’s stands out.\nThe token of the cross-chain liquidity protocolTHORChainhas surged over 40% this week despite abrutal selloffacross broader markets. RUNE hit a four-month high of $1.64 on Aug. 18.\nThe momentum isn’t limited to the token — THORChain also notched up a record volume day on Aug. 14, when it facilitated over $100M of trades.\nWealthy investors have begun to use the protocol for large swaps, FamiliarCow, the Communications Director for Nine Realms, the THORChain core developers' group, told The Defiant.\nThe project facilitated its largest everswapof 3150 ETH for 2,482,348 RUNE, worth roughly $3.65M, on Aug. 15. “We're seeing like these big trades that we haven't really seen before,” FamiliarCow said. He attributes the volume to a new product calledstreaming swapswhich launched on Aug. 1.\nStreaming swaps break up cross-chain trades into smaller parts that are executed over up to 24 hours. As the trade progresses, arbitrageurs step in to rebalance the pool so that less value is lost to slippage.\n“It's opening up a new market because obviously you can put a lot of size through so the whales are coming to town,” FamiliarCow said.\nTHORChain’s momentum is notable because of the project’s unique position in DeFi — it’s not quite a bridge, which moves homogenous assets across blockchains — it’s more like an exchange like Coinbase or Binance, which facilitates trades between tokens with the endpoints being each asset’s native blockchain.\nConsidering that the SEC has sued bothBinanceandCoinbaseas part of a broader crypto crackdown, a decentralized application like THORChain may prove particularly valuable to the crypto ecosystem. This is because it fills a similar role to the exchange but, at least in theory, has a smaller regulatory attack surface by being decentralized.\nFamiliarCow didn’t shy away from comparisons to billion-dollar behemoths. “What’s being built here is honestly the replacement of the centralized exchange,” he said.\nTo be sure, THORChain has faced its share of bumps in the road.\nThe project suffered back-to-back hacks resulting in roughly $13M of lost assets in July 2021. And its RUNE token remains over 90% off its all-time high of $20.24, which came in May 2021 when most DeFi tokens peaked.\nThe project also faced a security scare which became widely known on Aug. 16, when a node operator — THORChain is an independent blockchain —revealedthat traders were paying extremely high funding fees to short RUNE right before the launch of a new lending product.\nThe node operator, who goes by TCB, suspected that the person behind the trades planned to exploit THORChain once the lending product went live.\nTHORChain uses a cryptographic system called Threshold Signature Scheme (TSS). According to TCB, ethical hackers had revealed a possible vulnerability in the system previously and THORChain had the capability to patch it. However, because it’s an open-source project, patching it would have revealed the security hole in all projects which use it.\n“In this particular case the only way to upgrade the network without disclosing the vulnerability to the entire world is to upgrade the TSS with closed source components (a private release),” TCB wrote. “This type of release is philosophically discouraged in decentralized, open-source protocols. However, there's no other good options.”\nTHORChain is planning to go ahead with its collateralized lending product. Initially supported assets will be ETH and BTC, with plans to enable lending against more assets in the future.\nMore broadly, THORChain’s plans involve expanding its product offerings by adding order book functionality as well as an option to trade perpetual futures.\nIt’s also collaborating with major wallets — FamiliarCow said the project “has a foot in the door” with hardware wallet maker Ledger to facilitate swaps between assets. Trust Wallet, which claims to have over 60M users, already uses THORChain under the hood to facilitate swaps.\nTHORChain wants to “be everywhere and deliver the best product at the lowest layer of the stack with absolutely no third-party dependencies on any other protocol,” he said. “That's the whole game.”\nRead the original post on The Defiant", "In a bear market, price action like RUNE\x92s stands out. The token of the cross-chain liquidity protocol THORChain has surged over 40% this week despite a brutal selloff across broader markets. RUNE hit a four-month high of $1.64 on Aug. 18. THORChain Processes Record Volume After Introducing \x91Streaming Swaps\x92 The momentum isn\x92t limited to the token \x97 THORChain also notched up a record volume day on Aug. 14, when it facilitated over $100M of trades. THORChain Processes Record Volume After Introducing \x91Streaming Swaps\x92 Streaming Swaps Wealthy investors have begun to use the protocol for large swaps, FamiliarCow, the Communications Director for Nine Realms, the THORChain core developers' group, told The Defiant. The project facilitated its largest ever swap of 3150 ETH for 2,482,348 RUNE, worth roughly $3.65M, on Aug. 15. \x93We're seeing like these big trades that we haven't really seen before,\x94 FamiliarCow said. He attributes the volume to a new product called streaming swaps which launched on Aug. 1. Streaming swaps break up cross-chain trades into smaller parts that are executed over up to 24 hours. As the trade progresses, arbitrageurs step in to rebalance the pool so that less value is lost to slippage. \x93It's opening up a new market because obviously you can put a lot of size through so the whales are coming to town,\x94 FamiliarCow said. THORChain\x92s momentum is notable because of the project\x92s unique position in DeFi \x97 it\x92s not quite a bridge, which moves homogenous assets across blockchains \x97 it\x92s more like an exchange like Coinbase or Binance, which facilitates trades between tokens with the endpoints being each asset\x92s native blockchain. Considering that the SEC has sued both Binance and Coinbase as part of a broader crypto crackdown, a decentralized application like THORChain may prove particularly valuable to the crypto ecosystem. This is because it fills a similar role to the exchange but, at least in theory, has a smaller regulatory attack surface by being decentralized. FamiliarCow didn\x92t shy away from comparisons to billion-dollar behemoths. \x93What\x92s being built here is honestly the replacement of the centralized exchange,\x94 he said. Story continues Past Exploits To be sure, THORChain has faced its share of bumps in the road. The project suffered back-to-back hacks resulting in roughly $13M of lost assets in July 2021. And its RUNE token remains over 90% off its all-time high of $20.24, which came in May 2021 when most DeFi tokens peaked. The project also faced a security scare which became widely known on Aug. 16, when a node operator \x97 THORChain is an independent blockchain \x97 revealed that traders were paying extremely high funding fees to short RUNE right before the launch of a new lending product. The node operator, who goes by TCB, suspected that the person behind the trades planned to exploit THORChain once the lending product went live. THORChain uses a cryptographic system called Threshold Signature Scheme (TSS). According to TCB, ethical hackers had revealed a possible vulnerability in the system previously and THORChain had the capability to patch it. However, because it\x92s an open-source project, patching it would have revealed the security hole in all projects which use it. \x93In this particular case the only way to upgrade the network without disclosing the vulnerability to the entire world is to upgrade the TSS with closed source components (a private release),\x94 TCB wrote. \x93This type of release is philosophically discouraged in decentralized, open-source protocols. However, there's no other good options.\x94 Collateralized Lending THORChain is planning to go ahead with its collateralized lending product. Initially supported assets will be ETH and BTC, with plans to enable lending against more assets in the future. More broadly, THORChain\x92s plans involve expanding its product offerings by adding order book functionality as well as an option to trade perpetual futures. It\x92s also collaborating with major wallets \x97 FamiliarCow said the project \x93has a foot in the door\x94 with hardware wallet maker Ledger to facilitate swaps between assets. Trust Wallet, which claims to have over 60M users, already uses THORChain under the hood to facilitate swaps. THORChain wants to \x93be everywhere and deliver the best product at the lowest layer of the stack with absolutely no third-party dependencies on any other protocol,\x94 he said. \x93That's the whole game.\x94 Read the original post on The Defiant", "After nearly a month of low volatility, the bottom fell out of crypto markets on Thursday.\nBitcoin and Ether have fallen by 12% and 10% respectively over the past seven days, with other tokens experiencing even steeper declines.\nInvestors' interest in riskier assets like cryptocurrencies seems to have waned as US Treasury yields reach a16-year high. Fears of further rate hikes by the Federal Reserve to combat inflation, along with the upcoming second estimate of US GDP data for Q2 2023, set to be released on August 30, are contributing factors.\nThe market now anticipates a 10% chance of a 25 bps rate hike in September, with 32% expecting one in November.\nIn the past 24 hours, over $1B of leveraged positions were wiped out, marking the largest single-day liquidation event since the implosion of FTX in November 2022.\nNearly $800M of liquidations took place in just 30 minutes as BTC and ETH briefly crashed below $25,000 and $1,500 respectively.\nAmid the carnage, there were some bright spots.\nThe SEC is reportedly set to approve an ETH futures ETF by October, and Grayscale is hiring for its ETF division.\nTHORChain's RUNE toke Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $506,893,577,850 - Hash Rate: 364613148.6729948 - Transaction Count: 519780.0 - Unique Addresses: 628343.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) miners have sent over a billion dollars worth of the asset to crypto exchanges over the past two weeks but not necessarily to sell the tokens. Miners are entities that utilize extensive computing power to solve sophisticated encryptions and produce blocks on the Bitcoin blockchain. Each block rewards 6.25 BTC to miners, who typically sell the amount to fund or expand operations. In a tweet Tuesday , analytics firm CryptoQuant said over 33,860 BTC has been sent to derivatives exchanges, although the majority had since been recovered back to proprietary wallets. Miners also reduced reserve holdings by 8,000 BTC in their reserves in which only a small portion was sent to spot trading exchanges, the firm added. “This could signal that miners may be using their newly minted coins as collateral in derivatives trading activities,” CryptoQuant analysts said. “A good example of this type of trading is known as "hedging", which uses bets in the opposite direction to market consensus.” Bitcoin has risen nearly 20% in the past two weeks amid favorable catalysts such as spot Bitcoin ETF filings by a flurry of traditional finance companies and increased trading interest . On-chain metrics have previously suggested bitcoin could already be in the early stages of a bull market – meaning Bitcoin-based businesses, such as miners, could already be taking steps to manage their reserves and holdings. Meanwhile, the past few days saw $128 million worth of bitcoin rewards sent to crypto exchanges, an amount estimated to total 315% of daily mining revenues, as per on-chain analytics firm Glassnode. This was the largest-ever sent amount on record by this metric. Similar amounts sent to exchanges have previously caused a reversal in price spikes if buyer demand isn’t able to absorb the sales.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Aug. 20—When Danny McCargar went to work at a windowless, nondescript building just south of Columbia Falls off of Montana 206 last December, he found the lights off and power disconnected.\nMcCargar worked as a technician at a Columbia Falls Bitcoin mining facility owned by VBit Technologies and was contracted by Frontier Mining.\nVBit has been accused of committing fraud and selling unregistered securities, and the company is the target of class-action lawsuits alleging racketeering and securities fraud violations that have been filed in federal court in Delaware and Pennsylvania.\nPlaintiffs say that the company\'s CEO, Danh "Don" Vo, stole millions of dollars from them before disappearing following the cryptocurrency bubble bursting last year.\nMontana financial regulators ordered the company to stop operations in the state and pay a fine following a Daily Inter Lake investigation published in January.\nNow McCargar, a former contractor, has come forward with details about the company\'s collapse after losing his job, saying VBit may also owe his former employer and the local electric utility money.\nIn his job at the Columbia Falls building, McCargar spent his days making sure that the 1,000 computers — set up to cash in on the digital cryptocurrency Bitcoin — were operating smoothly. When a computer needed repairs, McCargar would replace parts like fans to get them back up and running.\nIn December, McCargar arrived for work, but found the lights off and power disconnected.\nMcCargar checked outage maps and saw that electricity should have been flowing normally to the facility. When he had a co-worker check with Flathead Electric Co-op, he said that an employee informed him that the power had been cut because VBit had racked up around $300,000 in unpaid electric bills.\nFlathead Electric spokesperson Courtney Stone would not confirm the debt, citing co-op privacy rules. She did say that members have about two weeks to pay past due bills before they are subject to disconnection.\nThe building\'s previous owner, Jeff Russell, described the facility as having a 3.8 megawatt capacity, meaning that it could consume as much electricity as around 3,800 homes in the Flathead Valley.\nRussell said he was attracted to Northwest Montana as a location for the power-intensive operation because of the region\'s abundant and cheap electricity as well as its frigid winters, which mitigated the need for expensive cooling costs.\nAfter the Columbia Falls facility earned approval in 2018, the co-op issued a six month moratorium on future cryptocurrency facilities and later updated its policies governing what it describes as "high density loads." Cryptocurrency mining is listed on the co-op\'s website as an example of an activity that requires "significant amounts of power at a constant rate."\nStone also wanted to reassure co-op members that their rates would not rise in the event of such an unpaid debt, saying that the utility requires a deposit and insurance to protect members from a domino effect triggered by unpaid fees.\nNOW THE Columbia Falls facility sits vacant, the computers packed up and VBit leadership nowhere to be found.\nMcCargar said he thought something was wrong with the company when representatives stopped approving the purchase of replacement parts necessary to keep the computers running.\nMany computers were failing and needed replacement fans to prevent overheating.\nMcCargar said that he never saw individual computers labeled or identified as belonging to individual customers, and that the funds generated by the computers all fed into one account, which would appear to contradict VBit\'s online advertising.\nThe company claimed that for an initial fee, often in the tens of thousands of dollars, and monthly charges, the company would set up and run individual computers for investors, an appealing service to those without the space or technical expertise to mine Bitcoin themselves.\nMcCargar said his last day in the Columbia Falls facility was in early March, when he disconnected the computers and packaged them for shipment to a Frontier Mining facility in Texas. He said he was told the contract between the two companies allowed Frontier to take the computers to recoup money that they were owed for their services.\nFrontier Mining CEO Arland Whitfield did not respond to requests for comment.\nMcCargar said he helped give tours to visitors who were prospective or existing VBit customers, but never thought anything was amiss.\nVBit officials could not be reached, and investors claim the company\'s CEO is on the run.\nCEO Don Vo\'s lawyers have dropped him and his colleagues as clients in the class action lawsuits against them, saying in court documents that he has been unresponsive.\nVo\'s LinkedIn page says he is "retired, for now."\nReporter Adrian Knowler can be reached at 758-4407 [email protected].']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,614,503,000 - Hash Rate: 421909500.6073226 - Transaction Count: 612461.0 - Unique Addresses: 691316.0 Social & AI Sentiment: - Fear & Greed Index: 0.37 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin Depot is the world’s largest bitcoin ATM operator. The company went public in July, is well-capitalized, and may seek to acquire smaller operators that struggle with key operational challenges. A lot has changed since Brandon Mintz bought his first bitcoin on what he describes as a “crappy website” in 2013. He’s now CEO of Bitcoin Depot, the world’s largest bitcoin ATM operator , which he founded three years after that first crypto purchase. The company went public in July – listing its shares on Nasdaq after a merger with a special purpose acquisition company (SPAC) – and now Mintz says he’s seeing slimmer profit margins for mom-and-pop operators as competition heats up. The crypto ATM sector is teeming with nearly 40,000 machines worldwide , about 6,400 of which belong to Bitcoin Depot. Consequently, the 29-year-old executive – whose company now has access to the capital markets – says he’s willing to buy out the little guy. “Before Covid… there were a lot of new entrants into the bitcoin ATM industry, a lot of small operators,” Mintz told CoinDesk in an interview. “If you had everything in place to operate a bitcoin ATM, you could put one on a busy street corner in a big city, and it was almost like a guarantee that you would do decent enough to be profitable.” Read more: Crypto ATM Operator Bitcoin Depot's Stock Rises 12% in Stock Debut The “cash cow” quality, or reliable profitability of the bitcoin ATM business may have been the norm before 2020, but that year, the total number of crypto ATMs exploded exponentially from just over 6,000 machines to a peak of nearly 40,000 globally by 2022. Crypto ATM customers are typically unbanked or underbanked – lacking full access to financial services due to poverty, immigration status or general distrust of the mainstream financial system. Without traditional banking relationships, they can’t purchase crypto from online exchanges like Coinbase or Binance. Although the process of using a crypto ATM may vary, users are usually only required to have cash, a phone, and a piece of identification. (There may be additional requirements depending on the transaction amount.) “For us, it is your first and last legal name, your phone number, your email address, and we run you through sanction screening,” Mintz explained. “You also have to verify you own the wallet address being provided personally, and you're not sending bitcoin to a third party.” The crypto ATM sector is now projected to grow from $117 million to $5.5 billion by 2030, according to market research site Global Information – although Mintz says as the industry matures, small players will likely get squeezed out. Story continues “With the competition these days… you have to have a strong brand that is recognizable,” said Mintz. “A lot of the small operators realized over the past year that it's going to be very difficult to compete. A lot of them, anecdotally from conversations, are thinking about, ‘Should I try to compete, or should I get out and sell my portfolio to some larger company such as Bitcoin Depot?’” Case in point, in 2019, the firm acquired what Mintz described as a “struggling” Texas-based operator named DFW Bitcoin that owned 10 kiosks. “A lot of people don't have any compliance staff. They don't even have a website,” Mintz said. “It literally may just be one guy and his brother.” When regulators come knocking The lack of robust compliance is one of the most common reasons crypto ATM operators fail. Despite the surge in ATM installations during the past couple of years, March saw the industry’s largest decline in machines, as more than 3,600 of them were shut down, according to crypto ATM data site Coin ATM Radar. It’s not clear if the high number of shutdowns was due to the February bankruptcy of a large operator by the name of Coin Cloud – a company with more than 4,000 bitcoin ATMs across the U.S. and Brazil – or a major security incident at General Bytes, the largest manufacturer of crypto ATMs, according to Coin ATM Radar, or some combination. What is clear is that many small operators struggle with regulatory adherence. In February, the U.K.'s Financial Conduct Authority (FCA) took steps to shut down all 27 crypto ATMs in that country because none had registered with the regulator. Bity, a small operator in Switzerland, has been told by the country’s Financial Market Supervisory Authority (FINMA) that it must establish the identity of any user involved in transactions exceeding 1,000 francs (roughly $1,150) over a 30-day period. Bity vowed to fight FINMA regarding the issue, and the seemingly undercapitalized firm turned to crowdfunding to raise money for its legal bills. Even larger firms like Bitcoin of America went out of business due to licensing issues and scams, specifically in Connecticut and Ohio . Mintz says he realized compliance was critical to Bitcoin Depot’s success early in the company’s history. “My goal was always to create the strongest compliance program and hire really good compliance staff, including a compliance officer that I hired very early on in the business,” Mintz recalled. “We've always strived to go above and beyond what's legally required of us.” That early focus on compliance may have been the key to Bitcoin Depot’s current success. The company says it’s on track to bring in around $700 million in revenue this year. With that kind of capital in such a competitive market, Mintz will likely have his pick of the litter when it comes to potential acquisitions. “We have the best reputation and we have the most access to capital,” Mintz said. “We have the ability more than ever to consolidate the industry.” UPDATE (Aug. 11, 14:30 UTC): Adds details about Coin Cloud bankruptcy in 13th paragraph. View comments... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Tom Westbrook SINGAPORE, Aug 21 (Reuters) - The dollar began on a firm footing on Monday, following five straight weeks of gains, as investors looked ahead to Federal Reserve\'s Jackson Hole symposium for a guide on where rates might settle when the dust of this hiking cycle clears. The dollar made a gain of 0.7% on the euro last week, inched ahead on the yen and surged by more than 1% on the Antipodean currencies as U.S. Treasury yields leapt in anticipation of interest rates staying higher for longer. In early trade, the Australian dollar, steady at $0.6409, was just above last week\'s nine-month low of $0.6365 and the New Zealand dollar was pinned at $0.5923, also uncomfortably close to last week\'s low of $0.5903. They have suffered a double blow lately as in both countries central banks have indicated they are on hold, and both are exposed, via exports, to China where market fears about the slowing economy have swelled as property problems deepened. "The Australian dollar will continue to underperform this week in our view," said strategists at the Commonwealth Bank of Australia in a note to clients. "We consider there is a growing risk that the Aussie dips below $0.60 before year-end. It will likely take a big Chinese stimulus package focused on commodity-intensive infrastructure spending to turn around the downtrend." China vowed financial support on the weekend to resolve local government debt problems but details were light and in the absence of more concrete promises traders are starting to lose faith that Beijing will ride to the rescue. For China the focus on Monday is on an expected cut to lending benchmarks. The yuan steadied at 7.3084 per dollar in offshore trade, having bounced off last week\'s lows when state banks stepped in as buyers during London and New York hours. The yen is also on intervention-watch, having fallen to levels around which authorities stepped in last year. It was steady at 145.19 per dollar in early trade. The euro held at $1.0883. Sterling hovered at $1.2738. The Swiss franc was just above a six-week low made last week at 0.8817 per dollar. Apart from waiting for news of stimulus in China, the upcoming Jackson Hole symposium - where Fed chair Jerome Powell is due to speak on Friday - is markets\' major focus and may set the direction for U.S. yields. Ten-year yields rose 14 basis points for the week and touched a 10-month high of 4.328%, within a whisker of a 15-year high. Thirty-year yields rose nearly 11 bps to their highest in more than a decade. The theme this year for the annual gathering in Wyoming is "structural shifts in the global economy". "Two things that may come across are: decades of ultra-low rates backed by ultra-low inflation may be over," said Vishnu Varathan, head of economics and strategy at Mizuho Bank in singapore. "And global policy-makers may prefer to maintain restrictive real rates for a while, thereby keeping risks from volatile inflation alive." Bitcoin, which was battered to a two-month low last week as rising U.S. yields and China\'s slowing economy drove a wave of selling, nursed those losses at $26,129. ======================================================== Currency bid prices at 0033 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0882 $1.0873 +0.10% +1.57% +1.0883 +1.0872 Dollar/Yen 145.1800 145.3300 +0.00% +10.74% +145.4150 +0.0000 Euro/Yen 157.99 158.03 -0.03% +12.61% +158.1500 +157.9700 Dollar/Swiss 0.8815 0.8828 -0.15% -4.67% +0.8825 +0.8814 Sterling/Dollar 1.2747 1.2736 +0.02% +5.33% +1.2749 +1.2735 Dollar/Canadian 1.3539 1.3551 -0.07% -0.05% +1.3553 +1.3542 Aussie/Dollar 0.6414 0.6405 +0.14% -5.90% +0.6418 +0.6407 NZ Dollar/Dollar 0.5927 0.5924 +0.10% -6.61% +0.5936 +0.5923 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook. Editing by Sam Holmes)', 'By Tom Westbrook SINGAPORE, Aug 21 (Reuters) - The dollar began on a firm footing on Monday, following five straight weeks of gains, as investors looked ahead to Federal Reserve\'s Jackson Hole symposium for a guide on where rates might settle when the dust of this hiking cycle clears. The dollar made a gain of 0.7% on the euro last week, inched ahead on the yen and surged by more than 1% on the Antipodean currencies as U.S. Treasury yields leapt in anticipation of interest rates staying higher for longer. In early trade, the Australian dollar, steady at $0.6409, was just above last week\'s nine-month low of $0.6365 and the New Zealand dollar was pinned at $0.5923, also uncomfortably close to last week\'s low of $0.5903. They have suffered a double blow lately as in both countries central banks have indicated they are on hold, and both are exposed, via exports, to China where market fears about the slowing economy have swelled as property problems deepened. "The Australian dollar will continue to underperform this week in our view," said strategists at the Commonwealth Bank of Australia in a note to clients. "We consider there is a growing risk that the Aussie dips below $0.60 before year-end. It will likely take a big Chinese stimulus package focused on commodity-intensive infrastructure spending to turn around the downtrend." China vowed financial support on the weekend to resolve local government debt problems but details were light and in the absence of more concrete promises traders are starting to lose faith that Beijing will ride to the rescue. For China the focus on Monday is on an expected cut to lending benchmarks. The yuan steadied at 7.3084 per dollar in offshore trade, having bounced off last week\'s lows when state banks stepped in as buyers during London and New York hours. The yen is also on intervention-watch, having fallen to levels around which authorities stepped in last year. It was steady at 145.19 per dollar in early trade. The euro held at $1.0883. Sterling hovered at $1.2738. The Swiss franc was just above a six-week low made last week at 0.8817 per dollar. Apart from waiting for news of stimulus in China, the upcoming Jackson Hole symposium - where Fed chair Jerome Powell is due to speak on Friday - is markets\' major focus and may set the direction for U.S. yields. Ten-year yields rose 14 basis points for the week and touched a 10-month high of 4.328%, within a whisker of a 15-year high. Thirty-year yields rose nearly 11 bps to their highest in more than a decade. The theme this year for the annual gathering in Wyoming is "structural shifts in the global economy". "Two things that may come across are: decades of ultra-low rates backed by ultra-low inflation may be over," said Vishnu Varathan, head of economics and strategy at Mizuho Bank in singapore. "And global policy-makers may prefer to maintain restrictive real rates for a while, thereby keeping risks from volatile inflation alive." Bitcoin, which was battered to a two-month low last week as rising U.S. yields and China\'s slowing economy drove a wave of selling, nursed those losses at $26,129. ======================================================== Currency bid prices at 0033 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0882 $1.0873 +0.10% +1.57% +1.0883 +1.0872 Dollar/Yen 145.1800 145.3300 +0.00% +10.74% +145.4150 +0.0000 Euro/Yen 157.99 158.03 -0.03% +12.61% +158.1500 +157.9700 Dollar/Swiss 0.8815 0.8828 -0.15% -4.67% +0.8825 +0.8814 Sterling/Dollar 1.2747 1.2736 +0.02% +5.33% +1.2749 +1.2735 Dollar/Canadian 1.3539 1.3551 -0.07% -0.05% +1.3553 +1.3542 Aussie/Dollar 0.6414 0.6405 +0.14% -5.90% +0.6418 +0.6407 NZ Dollar/Dollar 0.5927 0.5924 +0.10% -6.61% +0.5936 +0.5923 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook. Editing by Sam Holmes)', "Bitcoin edged up on Monday morning in Asia to trade slightly above the US$26,000 support level, after sliding over 10% for the week. Ether also moved higher but remained below US$1,700 following last week’s losses. Other top 10 non-stablecoin cryptocurrencies traded mixed. XRP led the winners, despite the U.S. Securities and Exchange Commission (SEC) moving to challenge a June court ruling in favor of Ripple Labs. Meanwhile, the Forkast 500 NFT index dropped as NFT marketplace OpenSea said it will stop enforcing creator royalties from August 31. U.S. stock futures traded flat after Wall Street logged weekly losses at close of trading Friday.\nBitcoin edged up 0.28% in the last 24 hours to US$26,178.36 as of 07:30 a.m. in Hong Kong, logging a weekly loss of 10.68%, according toCoinMarketCapdata. The world’s leading cryptocurrency hit a two-month low of US$25,409.11 on Friday, but held position above the US$26,000 support level over the weekend.\nA cool-off of Bitcoin exchange-traded fund (ETF) hype in the U.S. could be behind the retreat of the token. That’s the view of James Butterfill, head of research at European alternative asset manager CoinShares.\n“The surge in June, spurred by BlackRock’s application for SEC approval of a Bitcoin ETF, led to a noticeable spike in prices,” said Butterfill in areportreleased Friday.\n“However, markets are now coming to terms with the realization that an immediate SEC approval for a Bitcoin ETF in the U.S. is unlikely. It’s noteworthy that current Bitcoin prices have stabilized around levels observed before this announcement,” he added.\nThe low volume and volatility in Bitcoin, a rise in U.S. treasury yields, as well as concerns over China’s ailing economy contributed to Bitcoin’s sharp weekly decline, the CoinShares report found.\n“The outlook for the markets in the forthcoming months presents a blend of opportunities and challenges. It’s anticipated that the U.S. Federal Reserve will refrain from hiking rates further in September,” Butterfill said.\nA dovish shift in Fed policy could provide a boost to Bitcoin’s prospects, he added.\n“On the flip side, investors are eagerl Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,868,117,994 - Hash Rate: 429722639.5074582 - Transaction Count: 550074.0 - Unique Addresses: 739287.0 Social & AI Sentiment: - Fear & Greed Index: 0.38 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Some stocks have skyrocketed year to date. Indeed, shares of some technology companies more than doubled over the last six months. This rally has been fueled by improving investor sentiment and excitement about artificial intelligence. Thesehypergrowth stocksappear to be carrying their momentum into the year’s second half, continuing to rally to new heights. Now, sometech stockshave achieved astronomical valuations simply due to portfolio rebalancing. While some analysts continue topredict a market downturn, there doesn’t appear to be any pullback in a number of hypergrowth stocks that keep outperforming the broader market by a wide margin. We asked artificial intelligence for its hypergrowth stock picks, and this is what it came up with. Here are seven hypergrowth stocks that AI is loving in July. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Ken Wolter / Shutterstock.com It might not be for everybody, but one hypergrowth stock that AI is loving in July isCarvana(NYSE:CVNA). Through six months of the year, CVNA stock has gained 740%. In January, the share price traded at less than $5 apiece. Today, it is near $40. Notably, the meteoric rise of the online used car retailer is widely attributed toa short squeeze. With more than 60% of Carvana’s stock sold short (meaning traders are betting it will go down), retail investors saw this potential short-squeeze target as one to buy. Apparently, AI didn’t take the effects of a short squeeze into account when recommending CVNA stock. The huge gains in Carvana’s share price this year make little sense. This is especially true when one considers that prices for used vehicles have been spiraling downward. The latest data showed that used car prices in the U.S. fell 4.2% in June from May of this year. Declining prices for used cars is one of the biggest factors inpushing the inflation rate downin America. But try telling that to the “apes” on r/WallStreetBets. Source: Yev_1234 / Shutterstock Marathon Digital Holdings(NASDAQ:MARA) is a leading cryptocurrency miner, and itsstock has been surgingthis year. So far in 2023, MARA stock is up nearly 400%. This move has been driven higher by the huge rebound in crypto asset prices, notablyBitcoin(BTC-USD), which has rallied 83% year to date and is trading above $30,000 at the time of writing. Other cryptocurrencies such asEthereum(ETH-USD) are also on the upswing, driving demand and momentum for MARA stock. In May, Marathon Digital reported that itsBitcoin production surged 74%year-over-year in Q1. It also said its cash holdings rose by $12 million, and the company managed to lower its net debt by $50 million. Certainly, this is all music to the ears of analysts and investors. Marathon Digital also increased its Bitcoin holdings by 3,132 BTC, and said it plans to further expand its Bitcoin mining operations as crypto prices remain buoyant heading into this year’s second half. Other crypto mining stocks have also risen sharply this year, but MARA stock gets the nod from AI. Source: Shutterstock Perhaps a bit ironically, one of the stock recommendations on this list is pure-play artificial intelligence companyC3.ai(NYSE:AI). In many respects, this recommendation makes sense, given the extreme hypergrowth seen in this stock year to date. Since January,AI stock has increased 264%, trouncing the performance of nearly every other security available. Retail investors, in particular, seem to love C3.ai, piling into the stock as they search for any investments related to the artificial intelligence theme. No mention was made of the fact that C3.ai is a comparatively small company and stock. The companygenerated only $72.4 million of revenuein its most recent quarter, and holds a market capitalization of $4.65 billion. Additionally, the growing short interest in C3.ai should be considered. Currently, more than a quarter of AI stock is sold short by professional traders, meaning they are betting that the share price will decline in coming months. Still, for now, momentum seems to be on the side of C3.ai, and it continues to be a hypergrowth stock AI thinks is worth buying. Source: Below the Sky / Shutterstock.com Microchip and semiconductor companyNvidia(NASDAQ:NVDA) was thebest-performing stockin theS&P 500benchmark during the first half of 2023. NVDA stock gained 190% between January and the end of June, far outpacing the index’s 16% first half gain. Indeed, NVDA stock continues to be in hypergrowth mode and is now up 206% on the year. Like C3.ai, Nvidia’s bull run can largely be attributed to the role its chips and semiconductors play in artificial intelligence applications. Seen as a key player in the AI arms race, NVDA stock is now up more than 600% over the last five years. The current rally has pushed the stock toa market capitalization above $1 trillion, officially making Nvidia a mega-cap technology concern. Despite the big run this year, Nvidia’s share price is seen as having more runway ahead. The company is certainly doing all it can to capitalize on the hype surrounding AI, recently unveiling a new supercomputer called DGX GH200 that will help companies create chatbots more powerful than ChatGPT. Source: sdx15 / Shutterstock.com Electric vehicle makerTesla(NASDAQ:TSLA) is another AI recommended hypergrowth stock, having risen 152% so far this year. Momentum in the stock has only grown since Tesla announced better-than-expected second quarterproduction and delivery numbers. The closest approximation to sales the company has, Tesla reported 466,140 vehicle deliveries in Q2, crushing Wall Street forecasts. The rise in deliveries coincided with incentives and discounts offered to buyers in the first half of the year, as well as a $7,500 U.S. federal tax credit. Tesla’s stock has also come roaring back since company CEO Elon Musk shifted his focus back to the EV maker and away from Twitter, the social media company he bought last fall for $44 billion. There had been concerns among analysts that Tesla faced competitive threats from larger, more established automakers. However, those worries seem to have been calmed by news that players such asFord Motor Co.(NYSE:F) will pay Tesla foraccess its charging network, further cementing the company’s lead in the EV market. Source: sylv1rob1 / Shutterstock.com Maybe it’s becauseApple’s(NASDAQ:AAPL) share price has rallied 52% this year. Or maybe it’s because the company recently became the first publicly traded company to achievea $3 trillion market capitalization. Whatever the reason, consumer electronics giant Apple is an AI-predicted hypergrowth stock. Having officially achieved a $3 trillion market valuation, Apple is today the world’s most valuable company. Apple is also one of the few mega-cap technology companies whose gains this year are not driven by its role in artificial intelligence. Compared to its peers, Apple has relatively little exposure to artificial intelligence. Rather, investors seem to be attracted to the company for its strong balance sheet, impressive free cash flow, and the popularity of its electronic devices like iPhones and MacBook computers. Apple also continues to push into new areas such as online payments andaugmented reality headsets. Most recently, Apple announced that it has opened a new store on the popularChinese social media app WeChat, expanding its reach in the nation of 1.4 billion people. Source: Jonathan Weiss / Shutterstock.com Momentum behind e-commerce companyAmazon(NASDAQ:AMZN) is expected to grow, with its latest Prime Day sales event that ran between July 11 and July 12.Bank of America(NYSE:BAC) analysts forecast that the latest Prime Day willgenerate $12 billion in salesfor Amazon, which would represent 10% year-over-year growth and give the company’s Q3 earnings a nice boost. It could also help to further boost AMZN stock, which is already up more than 50% this year. Beyond Prime Day, Amazon also recentlyopened its new second headquartersin Arlington, Virginia and announced plans to unveil a host of new technologies at an event scheduled to take place on September 20. The company said it will release itslatest and greatest tech devicesat a “Devices and Services” event in September. While it’s not clear what products Amazon plans to unveil at the upcoming event, the company launched the Kindle Scribe e-reader, Halo Rise sleep tracker device, and the Eero PoE 6 router at its similar 2022 event. Stay tuned. On the date of publication, Joel Bagloleheld long positions in NVDA, AAPL and BAC. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. • The #1 AI Name for 2023 Could Be About to Ignite This $20.6 Trillion Wealth Shift • Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. • The $1 Investment You MUST Take Advantage of Right Now • The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post7 Hypergrowth Stocks That AI Is Loving in Julyappeared first onInvestorPlace.... - Reddit Posts (Sample): [['u/changhuanese', 'What is the situation of Bitcoin as a legal tender in El Salvador? (From a Salvadoran)', 710, '2023-08-21 09:44', 'https://www.reddit.com/r/CryptoCurrency/comments/15x0pic/what_is_the_situation_of_bitcoin_as_a_legal/', 'Hi guys, \n\n\nI am quite new in this subreddit and I saw everyday people is posting about news from El Salvador. \nThere are some point that I would like to share from my perspective. \n\n\nIn El Salvador one of the main problems is that we are very behind in tech in general, the population don\'t like changes. \nHonestly the BTC as a legal tender have not been successful as it was expected, for many reasons, I will do a list here: \n1. Average Salvadoran earn USD 400 per month: This is one problem since make people only believe in cash, there is a huge percentage of the population that dont even have bank account, therefore for them use "Chivo Wallet" (The wallet founded by the government)\n\n \n2. "Chivo Wallet ATM" at the very beginning didnt have cash, so the people lost the trust they had, since there was always a sense of risk (don\'t be able to cash out the balance in "Chivo Wallet")\n\n \n3. The population didnt have time to study, and also no one teach how crypto (or at least BTC) works.\n\n \n4. The population in general start to panic after the bull run, since the government purchase very high, and started to decrease the valu day by day (Saying this at the beggining the government gave away for each user $30, therefore the people were tracking everyday their wallet and saw one of the risks of crypto (Volatile) within the first months.\n\n\n\n5. In El Salvador most of business are not accepting BTC anymore, only a couple located in Bitcoin Beach (El Zonte) \n\n\n6. Recently there are some news about the government teaching kids about BTC, this is a pilot plan, only 2 schools are running the program right now, and it was in rural areas, there are complains from parents, since in rural areas people is agains anything that is not cash. \n\n\nOf course there is many people in the crypto community in El Salvador, but usually in the crypto events there are only a few salvadoran, most of people that attend to these events are foreigners. Most of people feel it is only for the "elite"\n\nI hope this give you an insight of what we are living right now in El Salvador. \nIf you have other questions about what is the "real life" in El Salvador, please feel free to ask, I will answer according what I know (No speculation hahahaha) \n\n\nPS. Sorry for my grammar errors, English is not my first language. \n', 'https://www.reddit.com/r/CryptoCurrency/comments/15x0pic/what_is_the_situation_of_bitcoin_as_a_legal/', '15x0pic', [['u/Bitter_Storage_2918', 10, '2023-08-21 10:59', 'https://www.reddit.com/r/CryptoCurrency/comments/15x0pic/what_is_the_situation_of_bitcoin_as_a_legal/jx3wvgm/', 'Bukele fucked up', '15x0pic']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin stabilized Tuesday morning in Asia after dropping below the key US$26,000 support level overnight. Ether also dipped but held the US$1,600 mark. All other top 10 non-stablecoin cryptocurrencies traded flat to lower, with Polygon’s Matic leading the losers. Alternative asset manager CoinShares reported a US$55 million outflow in digital asset investment products last week. Analysts say disappointment from the stalemate on U.S. Bitcoin exchange-traded fund (ETF) applications has impacted sentiment. Meanwhile, the Forkast 500 NFT index continued its downward slide in the wake of NFT marketplace OpenSea’s decision to stop enforcing creator royalties. U.S. stock futures traded lower after Wall Street closed mixed on Monday. ETF logjam and low liquidity damaging sentiment Bitcoin dipped 0.10% in the last 24 hours to US$26,133.35 as of 07:30 a.m. in Hong Kong, expanding its weekly loss of 11.12%, according to CoinMarketCap data. The world’s leading cryptocurrency dropped to a low of US$25,846.09 just after midnight, but rallied to reclaim US$26,000 as the night progressed. “As the beginning of the week turned positive for traditional markets, crypto markets seem to — for now — be back in stagnation mode,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. “Many investors were understandably spooked by last week’s rapid rise in volatility and the subsequent price fall, which now means that a positive mood will only be just enough to keep crypto markets where they are.” For some analysts, last week’s rapid decline in the price of Bitcoin is a correction for price increases since June caused by ETF hype in the U.S. “The recent turmoil led BTC price to trading levels that mirror the ones preceding the Blackrock filing for their BTC Spot ETF,” Matteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, said in an emailed note. “The fear-of-missing-out (FOMO) which lasted a few weeks after the filing seems to be now disappeared, waiting for news on the matter,” Greco added. Low liquidity in the crypto market also contributed to last week’s slide. Limited trading volume is driving market makers — which typically absorb sudden fluctuations in supply and demand and help provide a more predictable trading environment — to wind down their activities and wait for a better time to fully resume operations. GSR Markets, described by Greco as “one of the most important market makers,” has recently gone through two rounds of layoffs in response to worsening market conditions. Greco pointed out that before GSR, influential market makers Jane Street and Jump took similar actions citing difficulties with the state of the market. Story continues Along with Bitcoin, Ether dropped 0.84% to US$1,667.73 and moved down 9.55% for the past seven days. All other top 10 non-stablecoin cryptocurrencies traded lower over the past 24 hours. Polygon’s Matic token led the losers. It dropped 3.53% to US$0.5589 for a weekly loss of 17.81%. Digital asset investment products saw an outflow of US$55 million in the week ending August 18. That followed a US$29 million inflow the previous week, according to a CoinShares report released Monday. “We believe this is in reaction to recent media highlighting that a decision by the U.S. Securities & Exchange Commission in allowing a U.S. spot-based ETF is not imminent,” the company wrote in the report. Bitcoin-linked investment products saw the majority of last week’s outflow, totaling US$42 million. Ethereum, Polygon, Litecoin and Polkadot also recorded outflows, while XRP-linked inflows totaled US$1.2 million. The total crypto market capitalization dipped 0.62% in the past 24 hours to US$1.05 trillion, while trading volume rose 35.31% to US$29.31 billion. NFT marketplace Recur to shut down The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index dropped 0.41% in the past 24 hours to 2,319.54 as of 10:10 a.m. in Hong Kong, falling 6.69% for the week. Forkast’s Ethereum Solana and Cardano NFT indexes also logged losses, while the Polygon index moved higher. “The Forkast 500 NFT Index reflects a tremendous loss of value this year which has accelerated this week following OpenSea’s announcement that they’re moving away from forced royalties,” said Yehudah Petscher, NFT strategist at Forkast Labs. OpenSea, one of the world’s largest NFT marketplaces, announced last week it will stop enforcing creator royalty fees from August 31, but will continue to charge a 2.5% fee for every transaction. “Yuga Labs, Animoca, and even Mark Cuban came out with statements calling the move a mistake for the digital economy and creators. Sentiment may be at a low point this year now and as one might expect, prices are tumbling,” said Petscher. The average NFT sales price in the week ending August 20 dropped to US$26.26, the lowest since August 2020 and down over 78% from the start of the year, according to data from CryptoSlam . “Now the flipside is that NFT transactions hit an all time high last week,” said Petscher. Participation matters a lot to me, and seeing 3,702,180 transactions tells me NFTs have reached a new height.” Amid rising transactions and sliding prices, sellers posted about US$9.5 million in losses last week, CryptoSlam data shows. Total NFT trading volume edged up 0.49% in the past 24 hours to US$13.60 million. Volumes on the Ethereum, BNB Chain and Cardano blockchains logged increases, while the Solana, Polygon and Bitcoin volumes dropped. Among NFT collections, Ethereum-based Bored Ape Yacht Club saw the largest 24-hour sales volume. It rose 60.15% to over US$2.04 million. Mythos Chain-based DMarket and Ethereum-based Mutant Ape Yacht Club ranked as the second and third largest collections by 24-hour trading volume. Elsewhere, NFT marketplace Recur announced on Saturday it would gradually shut down by November 16. Today, with heavy hearts, we must share some difficult news. After much contemplation and consideration, we’ve decided to deprecate the RECUR platform, effective November 16, 2023. Learn more: https://t.co/5NbiTQSAGo — RECUR (@RecurForever) August 18, 2023 The decision came less than two years after a US$50 million funding round investment raised the platform’s valuation to US$333 million. “Unforeseen challenges and shifts in the business landscape have made it increasingly difficult for us to continue providing the level of service and dedication that we have always strived to maintain,” said Recur in a Twitter thread on Saturday. All eyes on Nvidia Image: Getty Images U.S. stock futures were trading lower as of 11:20 a.m. in Hong Kong. The three major U.S. indexes closed mixed at the end of regular session trading Monday, with the S&P 500 and Nasdaq Composite logging gains, while the Dow Jones Industrial Average booked losses. Main stock indexes across Asia were mixed on Tuesday morning. China’s Shanghai Composite Index dipped, while Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei logged gains. AI chipmaker Nvidia spearheaded a rally in the technology sector on Monday. The U.S. tech giant posted gains of 8.5% after HSBC raised its price target for the U.S. firm’s stock to US$780, the second highest on Wall Street. Nvidia — whose share price has surged three times higher since the start of the year on the back of booming interest in artificial intelligence — will release its second-quarter earnings report on Wednesday. “I’ve been covering tech since 1994 and I have never seen an environment where you are so dependent on one company to deliver,” Inge Heydorn, partner at investment firm GP Bullhound, told Reuters. “AI is really the last pillar of growth and everybody is depending on it. If Nvidia shows weakness, we could be in for quite a substantial correction in the market,” Bullhound added. Meanwhile, investors await U.S. Federal Reserve Chair Jerome Powell’s opening speech at the Jackson Hole Economic Symposium on Friday. The Fed-held annual summit will be attended by central bank leaders from across the world. Powell’s speech could provide insights into the Fed’s thinking on monetary policy. “The Fed and investors will soon pivot from a focus on how high the policy rate will go to a concern about how long they will stay at that level — and what the implications are for a ‘higher for longer’ scenario,” Katie Nixon, chief investment officer at financial services firm Northern Trust, told Bloomberg. “In our view, Powell will want to stay on message, and will try to push back against a growing market consensus that rate cuts are on the 2024 horizon,” said Nixon. The U.S. interest rate currently sits between 5.25% and 5.50%, the highest level in the past 22 years. The CME FedWatch Tool predicts a 15.5% chance for a 25-basis-point rate hike at the Fed’s next meeting in September, up from 11.5% on Monday. In China, investors are assessing Beijing’s latest round of policy stimulus. Analysts suspect Monday’s smaller-than-expected interest rate cut by the central bank may not be enough to stop a slide toward recession. “The small injection of stimulus by China’s central bank in the ailing economy has proved largely underwhelming given the scale of the challenges erupting across sectors, but it has given investors hope there could be more to come,” Susannah Streeter, head of money and markets at U.K.-based financial service firm Hargreaves Lansdown, told Reuters. (Updates with equity section.) View comments', 'Bitcoin stabilized Tuesday morning in Asia after dropping below the key US$26,000 support level overnight. Ether also dipped but held the US$1,600 mark. All other top 10 non-stablecoin cryptocurrencies traded flat to lower, with Polygon’s Matic leading the losers. Alternative asset manager CoinShares reported a US$55 million outflow in dig Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $506,992,645,469 - Hash Rate: 380936887.228172 - Transaction Count: 420857.0 - Unique Addresses: 633631.0 Social & AI Sentiment: - Fear & Greed Index: 0.37 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoinhas been hampered by its own popularity. Thanks to the way theblockchainis designed, the speed of transactions is slow and the cost of transactions has increased. Researchers, developers, and the Bitcoin community have been trying to come up with a way of allowing Bitcoin—and othercryptocurrencies—to accommodate more transactions. Their best efforts to date have focused around something called theLightning Network. Can it fix the cryptocurrency's scaling problems? A blockchain has two limitations we need to explain before exploring potential fixes. The first isspeed. In a blockchain, blocks are essentially groups of transactions collected together. As part of a blockchain’s design, there are only so many transactions that can be included in a block. If your transaction doesn’t make it into the current block, it joins a queue. That queue can take anywhere from a few minutes to potentially a day or more to process, depending on how many other transactions are queued in themempool. That limits the blockchain’s use as a medium to process quick transactions, like buying a cup of coffee. No one wants to wait around for the network to verify you’ve got the cash. The Lightning Network's amazing progress this year The second limitation iscost. Bitcoin’s network, and others, are built upon a consensus protocol calledproof-of-work. This is whereminersexpend energy trying to solve a difficult puzzle. To help offset the cost of equipment and energy used in that calculation, miners charge transaction fees. When the system is small, and the number of transactions that need verifying is few and far between, the network works well and transaction costs are low. As the network grows, however, so do transaction fees, since there is limited space in each newly mined block. As a result, transactions with the highest fees are prioritized for processing when the system faces high usage. Bitcoin's scalability challenge became apparent toward the end of 2017 when millions of people jumped on the Bitcoin bandwagon and itstruggled to copewith the number of transactions. At its peak in December 2017, the average cost to process one transaction on the Bitcoin blockchain—whether the amount was $1 or $1,000—was$37. That made Bitcoin largely uneconomical as a currency. And that’s where the Lightning Network comes in. (We've got a whole article explaining more aboutBitcoin's limitations.) The Lightning Network is a layer-2 built on top of the Bitcoin network, meaning that it's built separately from the Bitcoin network but interacts with it. It’s made up of a system of channels that allows people or companies to move money between one another without needing to use the blockchain to verify the transaction. It bears similarities to the current settlement system used by companies like Visa and Mastercard. When you pay for something, it’s not instantly settled. Instead, there’s a quick verification of funds from the buyer and the request from the seller—giving the green light for a transaction to take place. The actual settlement of funds happens later—in some cases, days or weeks. The Lightning Network is run by a network of nodes that process payments, and transactions are commonly made using QR codes—instead of complex public keys. In theory, it could allow thousands, or even hundreds of thousands, of transactions to take place instantly, making small transactions economical. The bottom line is, payments are faster and cheaper. The Lightning Network has its origins inmusingsby Satoshi Nakamoto, the pseudonymous creator of Bitcoin, but was formalized by researchers Joseph Poon and Thaddeus Dryja, who published awhite paperabout the Lightning Network on January 14, 2016. They argued that a network of micropayment channels could fix the scalability issues of the Bitcoin network, rather than changing the Bitcoin network itself to allow more transactions. Lightning Labs, a blockchain engineering lab, helped to launch a beta version of the Lightning Network in March 2018—alongside a host of individuals and other companies including ACINQ and Blockstream. It was initially funded via a $2.5 million seed round, which included notable investor Jack Dorsey (whose company Square has since funded severalgrantsfor Bitcoin and Lightning Network projects). The first version of the Lightning Network was launched on Bitcoin in March 2018. The Lightning Network was the first attempt at a second-layer solution, but others followed. The Lightning Network is faster and cheaper because it skirts the main Bitcoin blockchain. It has an unstructured network set up around it. Channels are the ad hoc, peer-to-peer connections through which payments are made. Any number of payments can be sent in a channel. The network is maintained by nodes that route payments. Nodes are run by everyday people—or corporations—running a program on their desktops, laptops, or Raspberry Pis. This keeps the Lightning Network decentralized. To start using the Lightning Network, any amount of Bitcoin needs to be locked up in a payments channel. Then, it can be spent across the Lightning Network until the channel is closed. When someone wants to receive a transaction, they create an invoice, a long alphanumeric string of digits—often represented using QR codes. The person who wants to make the payment simply needs to scan this invoice with their Lightning Wallet and confirm (by providing a digital signature) the payment. When a payment is made, the confirmation is sent across the network to the person who originally made the request. This is known as a peer-to-peer network and means the processing of payments is not reliant on any one party. This typically happens in just a few seconds—hence the name "Lightning." Since payments aren't made on the Bitcoin blockchain, they're not subject to long wait times and high fees. This means that much smaller payments, or micropayments, can be made for as little as one satoshi (one hundred millionth of a Bitcoin). Once someone has finished using the network, they can close that channel and exit, and then use their BTC again on the standard Bitcoin network. Let’s say you want to transact with your local coffee shop. First, you’d need to send some Bitcoin to a wallet that requires more than one signature or key to release the funds. These are commonly referred to asmultisigwallets. In the case of the Lightning Network, it allows people to enter into an agreement that ensures a payment is received, effectively creating a balance sheet. Electrum wallet goes in beta with Bitcoin Lightning support Every time you buy a cup of coffee a new balance sheet is created, and you sign it with your public key to reflect what’s left in your wallet as well as what’s in the coffee shop’s wallet. If you don’t want to buy coffee anymore from that coffee shop, you can close the channel, and the resulting balance sheet is committed to the blockchain as a permanent record. Payment disputes also can be settled by referring to the last signed balance sheet between the two parties. What happens if you don’t have a direct channel with the next place you want to buy something from? The network will find the shortest route between you and the shop via others in the network. You can connect to the Lightning Network either by running a node or by using a Lightning wallet. Here are our top picks: If you don’t want the full-node experience, you can download theBitcoin Lightning Walletapp on your Android phone, which sorts everything out in the background. With this, you can open a Lightning channel and start making transactions with other users. It’s also “non-custodial,” meaning you look after your own keys—keeping your Bitcoin in your hands. (We tried it out by paying for ataxi ride). Bitcoin Lightning Wallet review: Too technical and lacking guidance Read our review of theBitcoin Lightning Wallet. If you want to use the Lightning Network but don’t want to look after your own funds,Blue Walletis a custodial service that runs a node for you. It allows you to send and receive Lightning payments, but doesn’t let you withdraw your Bitcoin from the Lightning Network. To get the full Lightning Network experience, you can tryrunning a full node. How to Run a Bitcoin Node on a Raspberry Pi (2021) So what does this mean? Well, for a start, you’re now supporting the Bitcoin network and the Lightning Network by checking that transactions are legitimate. It also means you can connect it to your computer and make transactions from your own node. This literally makes you your own bank; you are the only person owning and controlling your funds. Scary, huh? If you’re feeling more ambitious, you could set up a full Lightning Node. This takes a lot more computer know-how. It means downloadingEclaironto your computer—or a homemade Raspberry Pi—and running it. You are then routing transactions on the network and can make your own transactions. Eclair also offers a mobile version for Android users calledEclair Mobile. This is a stripped-down Lightning node, which means you stay in control of your Bitcoin. You can connect it to your own Eclair Lightning Node if you’re running one. There’s only one catch: You can’t receive payments. Eclair explains why inthis blog post. (TL;DR: It’s safer and easier for them.) Once you’ve set up your own node, what next? Are you stuck with using a desktop app?Lightning Jouleis a browser extension that lets you connect your Lightning Node to your browser so that you can easily make payments within Chrome, Firefox, Opera, andBrave. It’s a convenient hack. For a start, you can make payments to anyone else who has a Lightning wallet set up. But there’s more to the Lightning Network: As a digital currency, it's easily integrated into websites without the need for third parties. Three surprising ways people are using Bitcoin's Lightning Network Although the vast majority of crypto companies don’t yet accept Lightning transactions, that figure is slowly growing. Nonetheless, ... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Bitcoin fell Wednesday morning in Asia to trade below US$26,000. Ether also dropped to near the US$1,600 support level as all other top 10 non-stablecoin cryptocurrencies traded flat to lower. Solana’s SOL led the losers. The Forkast 500 NFT index declined, while a former manager at NFT marketplace OpenSea received jail time for insider trading. U.S. stock futures edged higher after Wall Street closed mixed on Tuesday. S&P Global Ratings joined the Moody’s ratings agency in downgrading a number of U.S. banks. New Bitcoin support level at US$25,000? Bitcoin dipped 0.71% in the last 24 hours to US$25,946.61 as of 07:20 a.m. in Hong Kong and lost 11.05% for the week, according to CoinMarketCap data. The world’s leading cryptocurrency has been trading around the US$26,000 mark this week following a near 10% slide last Friday. But it reached a 24-hour low of US$25,520.73 on early Wednesday morning. After the previous week’s nosedive, some crypto analysts are predicting further losses. Social media commentator Ali Martinez put the token’s new key support level at US$25,400 . Keith Alan, co-founder of analytics firm Material Indicators, put it as low as US$25,000 . Both Martinez and Alan said losing the key support level could drive the token to a new low in the US$20,000 range. “Bitcoin prices falling below a US$25,000 support level could be considered a bearish indicator, from a technical perspective, as it may signal a general uptrend reversal,” Wade Guenther, partner at U.S.-based asset management firm Wilshire Phoenix, said in an emailed comment. Meanwhile, Bitcoin’s technical indicators including the Relative Strength Index ( RSI ) and the Moving Average Convergence Divergence ( MACD ) suggest the token’s price could be oversold. “The 50-day moving average (MA) has begun to sharply diverge towards the 200-day MA. Generally, it could be considered a bearish signal if the 50-day MA crosses below the 200-day MA,” added Guenther. On the regulatory front, investors await a much-anticipated verdict in the lawsuit between Grayscale Investments and the U.S. Securities and Exchange Commission (SEC). Grayscale has applied for permission from the regulator to convert its Bitcoin trust product (GBTC) to a spot Bitcoin exchange-traded fund (ETF). However, the decision was delayed twice last week. That delay added to the delays of other Bitcoin applications. On Aug. 11 the SEC delayed its decision on the ETF application submitted by Cathie Wood’s Ark Invest. Elsewhere, decentralized finance (DeFi) platform Balancer reported Tuesday that it had detected a vulnerability affecting several of its liquidity pools. Story continues Balancer has received a critical vulnerability report affecting a number of V2 Pools. Emergency mitigation procedures have been executed to secure a majority of TVL, but some funds remain at risk. Users are advised to withdraw affected LPs immediately. https://t.co/PDzX32gqeS pic.twitter.com/F1f649Wz3L — Balancer (@Balancer) August 22, 2023 The company said it has introduced “emergency mitigation procedures” to secure user assets. An update on early Wednesday showed 1.4% of the total value locked (TVL) on Balancer was still at risk. That would amount to US$9.19 million, according to data from DefiLlama. Like Bitcoin, Ether posted losses. It fell 2.20% to US$1,631.18 for a 10.75% decline over the past seven days. Most other top 10 non-stablecoin cryptocurrencies traded lower over the past 24 hours. The exceptions included Tron’s TRX, which logged a gain of 0.20%. Solana’s SOL token led the losers, dropping 3.35% to US$20.54 and 13.78% for the week. Binance’s BNB token also posted losses. It dropped to a 14-month low of US$204.40 on early Wednesday evening after a Wall Street Journal report said the world’s leading crypto exchange helped Russian entities move money abroad after Russia invaded Ukraine — a violation of international sanctions. The company denied the claim, saying it follows global sanction rules on Russia. The report could prove damaging given Binance’s mounting regulatory challenges . The SEC sued the company in June for alleged securities violations. The total crypto market capitalization creeped closer to the psychologically important US$1 trillion level, dropping 1.46% in the past 24 hours to US$1.04 trillion. Trading volume rose 8.88% to US$31.95 billion. Ex-OpenSea exec sentenced to jail for insider trading The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index dipped 0.59% in the past 24 hours to 2,300.54 as of 10:20 a.m. in Hong Kong, falling 7.08% for the week. Forkast’s Ethereum, Solana and Cardano NFT indexes also logged losses, while the Polygon index remained flat. Total NFT trading volume rose 21.95% in the past 24 hours to US$15.22 million. Volumes on the Ethereum, Solana and Polygon blockchains logged increases, while Bitcoin and Cardano volumes dropped, according to data from CryptoSlam . With the average NFT sales price at US$36.11 — down over 50% from the start of July — NFT sellers posted a net loss of US$2.14 million in Tuesday’s trading. “(We are seeing) a continued loss of value across blockchains,” Yehudah Petscher, NFT strategist at Forkast Labs, said in a YouTube video posted Tuesday. “Total transactions and average sales price (on Monday) both almost a mirror image of Sunday, so you can see we are kind of stagnant right now,” Ethereum-based Bored Ape Yacht Club (BAYC) topped the 24-hour sales volume for NFT collections. It rose 83.68% in the past 24 hours to US$3.01 million. Mythos Chain-based DMarket and Ethereum-based Mutant Ape Yacht Club placed second and third in the ranking. Nathaniel Chastain, a former product manager at NFT marketplace OpenSea, was sentenced by a U.S. district court to three months in jail Tuesday for insider trading. He was found guilty of fraud and money laundering in May for using confidential information about the platform to profit from NFT trades. Chastain’s case was the first-ever insider-trading case in the U.S. to involve digital assets. The former OpenSea executive bought and sold NFTs he knew would feature on OpenSea’s homepage and would, as a result, rise in price. The court found that he made over US$57,000 in profit from the trades. OpenSea itself is under fire for its announcement last week that it will stop enforcing creator royalties from August 31. The platform will still charge a 2.5% marketplace fee for all transactions. OpenSea’s decision received widespread criticism. Mark Cuban — a U.S. entrepreneur and investor in OpenSea — said the move is a “huge mistake” that “diminished trust in the platform and hurts the (NFT) industry.” Yuga Labs, the creator of hit NFT collection BAYC, said it would gradually wind down its presence on the OpenSea marketplace following the announcement. Given the significance of BAYC to the overall NFT market, that could spell bad news for OpenSea. “Yuga’s 30-day volume is 80% the size of OpenSea’s. This is the leverage that IP has over NFT Marketplaces,” Trevor Owens, chief executive officer at NFT intelligence platform Ninjalerts, tweeted on Saturday. Yuga's 30d volume is 80% the size of OpenSea's This is the leverage that IP has over NFT Marketplaces The NFT Marketplaces are dead without the most important IP Will this lead to walled garden marketplaces by IP owners? That's much more complicated, so I'm not sure.… pic.twitter.com/FHdWG99q07 — trevor.btc (@TO) August 19, 2023 Elsewhere, Web3 social media application Friend.tech renamed its “shares” to “keys” on Tuesday. Some analysts said the platform — which allows users to buy and trade the so-called “keys” to unlock gated Telegram-like chat rooms and other privileges — acted to avoid potential legal problems amid a spate of lawsuits brought by the SEC against digital asset firms. The switch from “shares” to “keys” was “probably to get around being called a security,” said Petscher. The question of whether digital assets such as cryptocurrencies and NFTs are securities is the source of much of the legal debate surrounding the industry. S&P joins Moody’s in downgrading US banks Image: Envato Elements U.S. stock futures were trading higher as of 12:30 p.m. in Hong Kong. The three major U.S. indexes closed mixed at the end of regular session trading Tuesday, with the S&P 500 and the Dow Jones Industrial Average logging losses and the Nasdaq Composite edging higher. Main stock indexes across Asia were mixed on Tuesday morning. China’s Shanghai Composite Index and South Korea’s Kospi dropped, while Hong Kong’s Hang Seng and Japan’s Nikkei moved higher. U.S. bank shares dropped Tuesday after financial intelligence corporation S&P Global downgraded the credit ratings of five U.S. banks on Monday citing “tough operating conditions.” “While many measures of asset quality still look benign, higher rates are pressuring borrowers,” S&P wrote in a report viewed by Bloomberg . “Banks with material exposures to commercial real estate, especially in office loans, could see some of the greatest strains.” The news followed a similar downgrade on ten banks by ratings firm Moody’s Investors Service two weeks earlier. Despite concerns in the banking sector, U.S. stock futures rose as investors await Nvidia’s second-quarter earning release on Wednesday. Analysts expect the AI chipmaker’s revenue to surpass its own forecast from three months ago. The company’s shares hit an all-time high of US$481.87 on Tuesday, but ended the day 2.77% down for the day. The U.S. Federal Reserve Chair Jerome Powell will give the opening speech at the Jackson Hole Economic Symposium on Friday. The Fed-held annual summit will be attended by central bank leaders from across the world. Powell’s speech could provide insights into the Fed’s future monetary policy. July’s strong U.S. economic data indicated that “the reacceleration scen Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,538,232,200 - Hash Rate: 392623891.9211836 - Transaction Count: 417822.0 - Unique Addresses: 652036.0 Social & AI Sentiment: - Fear & Greed Index: 0.37 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: It was the court case the entire crypto industry was waiting for—the showdown between the Securities and Exchange Commission and Ripple, an early digital assets firm behind the popular XRP token. The SEC alleged that sales of XRP constituted offering unregistered securities, while Ripple defended its $25 billion market, chiding the SEC's lack of clear guidance. On Thursday, a federal judge agreed partly in favor of both parties, with Ripple—and the broader crypto industry—appearing the early victor. The existential question for the U.S. crypto sector has been whether the thousands of tokens, from Bitcoin and Ether to Dogecoin and Pepecoin, are securities—a financial term for an investment contract, which would require registration with the SEC. Crypto firms have argued that working with the agency is impossible under the current rules, while the SEC has accused nearly every token, with the clear exception of Bitcoin, as operating illegally. Ripple became an important trial balloon for the debate. In 2020, the SEC charged the company—founded in 2012 with the promise of disrupting the global payments network through its proprietary token, XRP—and two of its executives with raising over $1.3 billion through an unregistered digital asset securities offering. Unlike other subjects of SEC lawsuits, Ripple challenged the case, which has been litigated for the past three years in the Southern District of New York. The proceedings have enraptured the crypto industry, especially as the SEC has aggressively pursued other exchanges and projects for allegedly offering unregistered securities. A decision that found XRP was not a security could buoy other firms and weaken the SEC's torrent of lawsuits against the industry, while a total victory for the SEC would have proved disastrous and likely climbed its way to the Supreme Court. Even as the case progressed—including a dramatic release of emails from a previous SEC director that Ripple's lawyers said supported its "fair notice defense," which argues the agency has not provided sufficient information on its legal interpretations—some crypto participants worried that it could set back the industry. Unlike other projects, Ripple is unabashedly centralized (many other projects have argued their tokens are not securities because they are decentralized) and also sports a loyal, and often toxic, army of supporters called the XRP Army that openly bashes critics. The result, released on Thursday, is a mixed bag. The 34-page decision by Judge Analisa Torres found that institutional sales of XRP by Ripple did constitute unregistered securities. The institutional sales—written contracts arranged with buyers such as hedge funds—constituted around $728 million. More consequentially, Torres found that programmatic sales—sales from Ripple that occur on the open market, like exchanges—were not an investment contract and not a security. Story continues "Therefore," the judge wrote, "the vast majority of individuals who purchased XRP from digital asset exchanges did not invest their money in Ripple at all." Torres did not agree with Ripple fair notice defense—an argument employed by other firms in their SEC lawsuits, including Coinbase —writing that the Howey test for determining what constitutes an investment contract is a clear guideline. The question of whether Ripple's two executives—Brad Garlinghouse and Chris Larsen—aided and abetted the sale of XRP will go to trial, with Torres rejecting the SEC's motion for summary judgment. Crypto industry onlookers immediately hailed the decision as a victory for the sector, as many of the SEC's recent lawsuits have been against tokens sold on exchanges. With secondary sales on exchanges a step removed from programmatic sales—where the company engages trading algorithms to sell its tokens—the result will have widespread implications for the sector, although the judge did not address secondary market sales. XRP surged after the decision, rising some 30% at the time of publication. The SEC will likely appeal the decision. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here's how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home View comments... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Bloomberg) -- A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers as services spending turns out to be a rare bright spot amid deepening investor pessimism. Most Read from Bloomberg Citadel Vets 69,000 Intern Applicants to Find Next Math Geniuses Putin Agrees to Visit China in First Trip Since Arrest Warrant What to Do With a 45-Story Skyscraper and No Tenants S&P 500 Climbs 1% as Traders Dial Back Fed Wagers: Markets Wrap US Court Paves Way for Spot Bitcoin ETF in Grayscale Ruling The world’s largest meal delivery service is forecast to report a 32% surge in revenue for the second quarter later Thursday, its fastest growth since 2021, Bloomberg compiled data show. Such topline growth would beat Alibaba Group Holding Ltd.’s 14% increase and JD.com’s 7.6% rise reported earlier this month. Meituan’s shares have advanced more than 4% over the past month, versus declines in Alibaba, JD, and PDD Holdings Inc. Year to date, Meituan remains deep in the red, having lost about 25% amid concerns over intensifying competition. “Among its peers, Meituan should benefit the most from the surge in travel demand and dining out activities, with at least 30% of its profit this year coming from related business,” said Catherine Lim, an analyst at Bloomberg Intelligence. --With assistance from Akshay Chinchalkar. Most Read from Bloomberg Businessweek Nigeria’s Train to Nowhere Shows How Not to Build Public Transit The Next Wave of Scams Will Be Deepfake Video Calls From Your Boss Stock Pickers Never Had a Chance Against Hard Math of the Market Luxury Villas Rise in Palestinian Boomtown Built on Shaky Peace Lyme Disease Has Exploded, and a New Vaccine Is (Almost) Here ©2023 Bloomberg L.P.', '(Bloomberg) -- A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers as services spending turns out to be a rare bright spot amid deepening investor pessimism.\nMost Read from Bloomberg\n• Citadel Vets 69,000 Intern Applicants to Find Next Math Geniuses\n• Putin Agrees to Visit China in First Trip Since Arrest Warrant\n• What to Do With a 45-Story Skyscraper and No Tenants\n• S&P 500 Climbs 1% as Traders Dial Back Fed Wagers: Markets Wrap\n• US Court Paves Way for Spot Bitcoin ETF in Grayscale Ruling\nThe world’s largest meal delivery service is forecast to report a 32% surge in revenue for the second quarter later Thursday, its fastest growth since 2021, Bloomberg compiled data show. Such topline growth would beat Alibaba Group Holding Ltd.’s 14% increase and JD.com’s 7.6% rise reported earlier this month.\nMeituan’s shares have advanced more than 4% over the past month, versus declines in Alibaba, JD, and PDD Holdings Inc. Year to date, Meituan remains deep in the red, having lost about 25% amid concerns over intensifying competition.\n“Among its peers, Meituan should benefit the most from the surge in travel demand and dining out activities, with at least 30% of its profit this year coming from related business,” said Catherine Lim, an analyst at Bloomberg Intelligence.\n--With assistance from Akshay Chinchalkar.\nMost Read from Bloomberg Businessweek\n• Nigeria’s Train to Nowhere Shows How Not to Build Public Transit\n• The Next Wave of Scams Will Be Deepfake Video Calls From Your Boss\n• Stock Pickers Never Had a Chance Against Hard Math of the Market\n• Luxury Villas Rise in Palestinian Boomtown Built on Shaky Peace\n• Lyme Disease Has Exploded, and a New Vaccine Is (Almost) Here\n©2023 Bloomberg L.P.', '(Bloomberg) -- Nvidia Corp. acknowledged that the US may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, reiterating a broadly held view among top chipmakers. Most Read from Bloomberg Putin Agrees to Visit China in First Trip Since Arrest Warrant Citadel Vets 69,000 Intern Applicants to Find Next Math Geniuses What to Do With a 45-Story Skyscraper and No Tenants US Court Paves Way for Spot Bitcoin ETF in Grayscale Ruling Stocks Up Most Since June as Fed Bets Sink Yields: Markets Wrap Nvidia Chief Financial Officer Colette Kress, speaking on a conference call with analysts late Wednesday, argued that existing curbs on the sale of AI chips and high-end components were already having the desired effect. The company is currently prohibited from offering its high-end graphics processing unit, or GPU, in the country \x97 though it sells a less powerful version of the chip in China. \x93Over the long term, restrictions prohibiting the sale of our data center GPUs to China, if implemented, will result in a permanent loss of an opportunity for the US industry to compete and lead in one of the world\x92s largest markets,\x94 Kress said following Nvidia\x92s earnings announcement. The finance chief said she was addressing reports on the potential for increased regulations \x93on our exports to China.\x94 Read More: How US and Allies Are Trying to Rein In China Tech In the more immediate term, though, stricter rules wouldn\x92t take a heavy toll on Nvidia\x92s finances, she said. \x93Given the strength of demand for our products worldwide, we do not anticipate that additional export restrictions on our data center GPUs, if adopted, would have an immediate material impact to our financial results,\x94 Kress said. Kress\x92s boss, Chief Executive Officer Jensen Huang, recently joined counterparts from Intel Corp. and Qualcomm Inc. in a visit to Washington to argue for a pause in escalations of export controls. The Biden administration says restrictions are needed to safeguard US national interests and prevent the advancement of China\x92s military. Story continues Bloomberg has reported that further restrictions are being considered that would limit Nvidia\x92s ability to ship to the Asian nation \x97 the biggest market for semiconductors. Read More: Huawei Building Secret Network for Chips, Trade Group Warns Nvidia, benefiting from an industrywide race toward artificial intelligence computing, delivered a third-straight sales forecast that surpassed Wall Street estimates Wednesday. That fueled a 6% share rally in late trading. The company gets about two-thirds of its sales from outside the US, though it doesn\x92t disclose revenue in China. The leading association of global chip companies, meanwhile, is warning that Huawei Technologies Co. is building a collection of secret semiconductor-fabrication facilities across China \x97 a shadow manufacturing network that would let the blacklisted company skirt US sanctions and further the nation\x92s technology ambitions \x97 Bloomberg News has reported. Most Read from Bloomberg Businessweek Nigeria\x92s Train to Nowhere Shows How Not to Build Public Transit The Next Wave of Scams Will Be Deepfake Video Calls From Your Boss Luxury Villas Are Going Up in a Palestinian Boomtown Built on Shaky Peace Stock Pickers Never Had a Chance Against Hard Math of the Market Lyme Disease Has Exploded, and a New Vaccine Is (Almost) Here ©2023 Bloomberg L.P.', '(Bloomberg) -- Nvidia Corp. acknowledged that the US may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, reiterating a broadly held view among top chipmakers.\nMost Read from Bloomberg\n• Putin Agrees to Visit China in First Trip Since Arrest Warrant\n• Citadel Vets 69,000 Intern Applicants to Find Next Math Geniuses\n• What to Do With a 45-Story Skyscraper and No Tenants\n• US Court Paves Way for Spot Bitcoin ETF in Grayscale Ruling\n• Stocks Up Most Since June as Fed Bets Sink Yields: Markets Wrap\nNvidia Chief Financial Officer Colette Kress, speaking on a conference call with analysts late Wednesday, argued that existing curbs on the sale of AI chips and high-end components were already having the desired effect. The company is currently prohibited from offering its high-end graphics processing unit, or GPU, in the country — though it sells a less powerful version of the chip in China.\n“Over the long term, restrictions prohibiting the sale of our data center GPUs to China, if implemented, will result in a permanent loss of an opportunity for the US industry to compete and lead in one of the world’s largest markets,” Kress said following Nvidia’s earnings announcement. The finance chief said she was addressing reports on the potential for increased regulations “on our exports to China.”\nRead More: How US and Allies Are Trying to Rein In China Tech\nIn the more immediate term, though, stricter rules wouldn’t take a heavy toll on Nvidia’s finances, she said.\n“Given the strength of demand for our products worldwide, we do not anticipate that additional export restrictions on our data center GPUs, if adopted, would have an immediate material impact to our financial results,” Kress said.\nKress’s boss, Chief Executive Officer Jensen Huang, recently joined counterparts from Intel Corp. and Qualcomm Inc. in a visit to Washington to argue for a pause in escalations of export controls. The Biden administration says restrictions are needed to safeguard US national interests and prevent the advancement of China’s military.\nBloomberg has reported that further restrictions are being considered that would limit Nvidia’s ability to ship to the Asian nation — the biggest market for semiconductors.\nRead More: Huawei Building Secret Network for Chips, Trade Group Warns\nNvidia, benefiting from an industrywide race toward artificial intelligence computing, delivered a third-straight sales forecast that surpassed Wall Street estimates Wednesday. That fueled a 6% share rally in late trading. The company gets about two-thirds of its sales from outside the US, though it doesn’t disclose revenue in China.\nThe leading association of global chip companies, meanwhile, is warning that Huawei Technologies Co. is building a collection of secret semiconductor-fabrication facilities across China — a shadow manufacturing net Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,169,191,725 - Hash Rate: 384329020.9651023 - Transaction Count: 399151.0 - Unique Addresses: 660102.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin, Ether and all other top 10 non-stablecoin cryptocurrencies fell on Thursday morning in Asia as the U.S. public holiday this week slowed trading and some investors seemed to be taking profits off recent gains. Bitcoin is still up 1% for the week, with BlackRock’s head Larry Fink backing the world’s biggest cryptocurrency as having the potential to revolutionize finance. Litecoin and Cardano led the losers. Bitcoin fell 1.06% over the last 24 hours to US$30,465 at 06:35 a.m. in Hong Kong, while its weekly gain stood at 1.02%, according todatafrom CoinMarketCap. The token, which had a market cap of US$591 billion as of Thursday, has risen 83% so far this year in a rebound from the bear market slump in 2022. “Bitcoin is still the main driver of trading volume albeit that is also soft – no doubt linked to the July 4th U.S. public holiday washing through,” said Caroline Bowler, the chief executive officer of Australia-based crypto exchange BTC Markets, in a text message toForkast. “We may be seeing the effects of this reduced liquidity and greater asset concentration playing out, with some greater price sensitivities in trading,” Bowler added. “The industry is coming out of the prolonged bear market so this is to be expected.” The price dip came after a run up in many tokens sparked by growing optimism around the possible approval of Bitcoin exchange-traded funds (ETFs) in the U.S., which will open the cryptocurrency to a wider pool of investors. BlackRock, the world’s largest asset manager that oversees about US$10 trillion, filed applications to launch the first publicly traded spot Bitcoin ETFs on June 15. It refiled the application on Monday after the regulator, the Securities and Exchange Commission, reportedly said it was lacking in detail. Larry Fink, chief executive officer of BlackRock Inc., said Wednesday that he wanted to “democratize” cryptocurrencies with the ETF filings, in an interview with Fox Business. Fink also said Bitcoin is an international asset that could revolutionize finance. Ether lost 1.55% to US$1,911, though it was holding onto a gain of 4.40% for the past seven days. All other top 10 cryptocurrencies by market capitalization lost ground, with Litecoin and Cardano leading the losing pack. Litecoin slipped 3.84% to US$102.19 in what appeared to be profit taking after the token gained ahead of its halving on Aug. 2 and its listing on EDX Markets, the Wall Street-backed crypto exchange in the U.S. that opened on June 20. Litecoin is still up 22.72% on the week. Cardano’s ADA lost 3.60% to US$0.2843 while adding 5.61% for the week. Today’s correction also seemed linked to profit-taking, even as parent company Input Output Global Inc. on WednesdayreleasedMarlowe, a so-called toolset to build smart contracts on the blockchain. The total cryptocurrency market cap fell 1.32% to US$1.19 trillion in the last 24 hours, while crypto trading volume rose 0.58% to US$31.27 billion, according to CoinMarketCap data. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. The Forkast 500 NFT index rose 0.96% in the 24 hours to 07:30 a.m. in Hong Kong to 2,801.94, but logged a loss of 1.72% for the week. While the Forkast Ethereum NFT index rose, the indexes measuring the performance of Solana, Polygon and Cardano-based NFT markets all declined. Investors remain basically pessimistic, said Yehudah Petscher, NFT Strategist at Forkast Labs, the parent company of Forkast.News. “Forkast 500 NFT Index is up almost 1%, though still has traders wondering if this is a dead cat bounce, or if there is enough value with these discounted NFT prices that collections have fallen to recently,” Petscher said. “Most are betting this is not the bottom, and a new update from the Blur marketplace has traders worried.” Blur marketplace took the NFT world by storm when it launched last November, and its 30-day trading volumesurpassedprevious NFT leader OpenSea in February. Blur picked up more steam when it launchedBlend, a peer-to-peer lending protocol for NFTs on May 2. Blur is expanding its popular reward system that distributes $Blur tokens to users that have met certain criteria as “airdrops,” but Petscher says this could be bad news for NFTs overall. “Blur is introducing rewards for trait offers, which means traders who bid on specific NFT traits on select projects will receive Blur reward points. These points will contribute to the amount of $Blur tokens that traders will receive at the end of Blur’s season 2 airdrop,” said Petscher. This will lead to morefarmers— buyers that generate income through staking NFTs — to prevail in the market over pure collectors. “The concert with the new mechanic is that traders will artificially inflate the rarer NFTs in collections, as you receive more points the higher a bid is from the floor price of the collection,” said Petscher. “We’ll see how the new trait offers affect NFT prices, but it’s expected to continue artificially inflating NFT prices, and then culminate in floor crashes like we saw recently.” By NFT collections, Bored Ape Yacht Club topped the trading volume rankings on Cryptoslam with US$3.76 million, with the volume surging 74.52% on the day. Uncategorized Bitcoin Ordinals — unique digital assets on the Bitcoin network that are not identified as part of one established collection — placed second by transactions volume, rising 22.03% to US$1.86 million. Total NFT trading volume dropped 4.61% to US$28.3 million. Volume on Ethereum fell 9.36% to US$19.3 million according to Cryptoslamdata. Volume on the Bitcoin network gained 11.97% to US$3.69 million, while volumes on Polygon, Solana and BNB also rose. U.S. stock futures dipped as of 10:45 a.m. Thursday in Hong Kong, pointing to another down day for stocks that fell during regular trading on Wednesday. Futures on the Dow Jones Industrial Average, S&P 500 futures and Nasdaq all declined by about 0.1%. Minutes from the Federal Reserve’s June meeting showed most Fed officials favor more interest rate increases this year, adding to the conviction the U.S. will raise rates again this month, according toTrading Economics. This concern hit Asian equities as well. Hong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi all moved lower. China’s Shanghai Composite managed a marginal gain of 0.1% on Thursday. U.S. Treasury Secretary Janet Yellen arrives in Beijing on Thursday and investors anticipate that the meetings she will have through July 9 may help stabilize relations between the world’s two largest economies, currently marked by sanctions and distrust. On economic indicators, the U.S. releases initial jobless claims and the services purchasing managers’ index on Thursday. The Federal Reserve’s next meeting on rates is July 26. The CME FedWatch Tool predicts a 88.7% chance for a 25-basis-point rate increase, up from 87.4% on Tuesday. The likelihood the Fed won’t increase is now at 11.3%. (Updates to add equities section)... - Reddit Posts (Sample): [['u/VeparUSvemiru', 'What would happen to the BTC price if', 22, '2023-08-24 14:41', 'https://www.reddit.com/r/Bitcoin/comments/1600vt8/what_would_happen_to_the_btc_price_if/', 'Question:\n\nThe current market cap of Bitcoin is $513,700,000,000 the current price of BTC is $26,400 and according to some analyses, around 6.3% of BTC is still available on exchanges.\n\nWhat would happen to the BTC price if someone were to suddenly buy all of this 6.3%?\n\nthnx!', 'https://www.reddit.com/r/Bitcoin/comments/1600vt8/what_would_happen_to_the_btc_price_if/', '1600vt8', [['u/SmoothGoing', 45, '2023-08-24 14:52', 'https://www.reddit.com/r/Bitcoin/comments/1600vt8/what_would_happen_to_the_btc_price_if/jxjpgnc/', "That's also the same as suddenly selling those alleged 6.3%. So..", '1600vt8']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ahead of the U.S Federal Reserve Chair Jerome Powell’s Friday speech at Jackson Hole, investors are looking for signs of an end to the rate hike cycle, with repercussions for the crypto market. Ether moved lower to near the US$1,600 support level, while most other top 10 non-stablecoin cryptocurrencies logged losses. Solana led the losers after its own day of gains Thursday. The Forkast 500 NFT index gained slightly as the Solana blockchain’s new partnership with e-commerce platform Shopify points to better times ahead for NFTs. U.S. stock futures traded mixed after Wall Street closed lower on Thursday, with all three major U.S. indexes logging losses of over 1%. Bitcoin gives up gains as cautionary mood prevails Bitcoin dropped 1.40% in the last 24 hours to US$26,081.21 as of 07:20 a.m. in Hong Kong and traded 2.90% lower for the week, according to CoinMarketCap data. The world’s leading cryptocurrency reached a low of US$25,914.93 on early Friday, a 2.9% decline from its high daily high of US$26,688.48 on Thursday. According to Samer Hasn, market analyst at Australia-based global multi-asset broker XS.com, the current caution in the crypto market is due to increased regulatory scrutiny in the U.S. The U.S. Securities and Exchange Commission (SEC) has brought lawsuits against a number of digital asset firms, including Ripple Labs, Binance.US and Coinbase. Luxembourg-based cryptocurrency exchange Bitstamp said Thursday it will stop Ether staking services for U.S. customers from Sep. 25 in light of recent regulatory developments. Hasn said the “negative sentiment may continue to put pressure on the cryptocurrency market in the coming weeks or months until a regulatory and legislative environment that regulates the cryptocurrency market becomes clear.” He pointed to data from blockchain intelligence firm Santiment that shows Bitcoin whales moving large amounts of the token to their wallets as a further sign of a decline in market sentiment. Story continues “The relatively huge movements in cryptocurrency wallets, led by Bitcoin, may continue to weaken the confidence of participants and fuel a state of caution about what may happen in the future in the market and lead to collapses or wide fluctuations,” Hasn added. Greta Yuan, head of research at Hong Kong-based digital asset exchange VDX, said that investors have to recognize that “the bear market is not over yet.” With trading volume across the market still weak, Bitcoin’s price could remain in the range of US$25,000-27,000 for some time, she added. Alongside Bitcoin’s losses, Ether also dipped 1.40% to US$1,652.77 and was down 3.27% over the past seven days. Most other top 10 non-stablecoin cryptocurrencies traded lower over the past 24 hours. The exception was Binance’s BNB token, which edged up 0.58% to US$217.48 but still logged a weekly loss of 1.87%. Mastercard said it will end four crypto card programs in Argentina, Brazil, Colombia and Bahrain by September 22. The global payment giant was partnered with Binance on the four programs. No reason was provided for the cancellations, first reported by Reuters on Thursday. Solana’s SOL token led the losers, falling 3.09% to US$20.90 for a weekly loss of 4.98%. SOL reached a four-day high of US$21.99 on Thursday as it announced that Solana Pay — a free-to-use payment protocol built on the Solana blockchain — has partnered with Canada-based e-commerce platform Shopify to allow USDC stablecoin payments for online shopping without intermediary fees. The total crypto market capitalization dropped 1.23% to US$1.05 trillion. Trading volume fell 22.52% to US$27.41 billion. Signs of life for NFTs? The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index edged up 0.20% over the past 24 hours to 2,274.13 as of 10:00 a.m. in Hong Kong, but was still down 7.36% for the week. Forkast’s Ethereum and Cardano NFT indexes dropped, while the Solana and Polygon indexes moved up. “Global sales are up to over US$15m in the past 24 hours and the Forkast 500 has been flashing green over this period. I wouldn’t expect this to last though,” said Yehudah Petscher, NFT strategist at Forkast Labs, via a note. Total NFT trading volume rose 24.48% in the past 24 hours to US$15.20 million. Volumes on the Ethereum, Solana, Polygon and Cardano blockchains all logged increases, while the Bitcoin network’s volume dropped, according to data from CryptoSlam . Solana spearheaded the increase in NFT trading volumes, surging over 125% in the past 24 hours to US$2.24 million and second place in CryptoSlam’s volumes ranking. “A majority of these sales are behind a new profile-picture (PFP) collection called Meegos that was created by Blocksmith Labs. In just a few hours the collection has 10x the sales as the second ranked Solana collection, totaling over US$1 million in sales today,” Petscher said. Meanwhile, Solana’s recently-announced partnership with e-commerce platform Shopify has provided a much-needed boost to the NFT market. “Most NFTs you have to pay for with crypto, and we need crypto adoption,” Petscher said in a video posted to YouTube Thursday. “This is just an inevitable step to bring people into Web3, like what we’re seeing with Paypal and their introduction of a stablecoin, so mass adoption is happening,” he added. Ethereum-based Bored Ape Yacht Club (BAYC) continued to top the 24-hour sales volume for NFT collections. It rose 6.64% in the past 24 hours to US$1.28 million. Solana-based Meegos and Mythos Chain-based DMarket placed second and third in the ranking. Meanwhile, art NFTs — especially generative art — remain a big seller, despite the bear market. Momentum, a generative art collection by Dutch artist Rik Oostenbroek, was released on Thursday as part of Velocity — an NFT series launched by crypto exchange Bybit and Formula One racing team Oracle Red Bull Racing. It sold out within the day. MOMENTUM SOLD OUT. Thank you so much for the great collaboration @redbullracing @Bybit_Official @ArtOnInternet pic.twitter.com/7ENN6IrugX — Rik Oostenbroek (@RikOostenbroek) August 24, 2023 Elsewhere, Eric Calderon, founder of generative art platform Art Blocks, released his “heart + craft” NFT collection on the Arbitrum blockchain on Friday. Each of the NFTs in the collection contain a generative art piece and a 3D printable model that can be used to generate physical replicas of the artwork. Powell speech to shed light on Fed policy U.S. Federal Reserve Chair Jerome Powell\|Getty Images U.S. stock futures were trading mixed as of 11:10\xa0 a.m. in Hong Kong. Wall Street closed lower at the end of regular session trading Thursday. All three major U.S. indexes fell more than 1% as the Nvidia-led tech rally subsided. Main stock indexes across Asia also dipped on Friday morning. China’s Shanghai Composite Index, Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei all logged losses All eyes are now on the Federal Reserve Chair Jerome Powell’s opening speech at the Jackson Hole Economic Symposium on Friday, which will be attended by central bank leaders from across the world. The speech will provide further insights into the Fed’s future monetary policies. The Fed raised its interest rate to between 5.25% and 5.50% in July, the highest level in 22 years. Powell said following July’s meeting that the central bank will take a “data-dependent” approach when deciding how to reduce the country’s annual inflation below its long-term goal of 2%. “Fading expectations of recession have brought the focus back to inflation and a potential tight Fed,” analysts at Bank of America said in note viewed by Reuters . “Risk assets have started showing more signs of weakness than at any other point this year,” they added. “We therefore think equities are more at risk of a macro-driven shock than the market is pricing in.” Ahead of Powell’s speech, Boston Federal Reserve President Susan Collins told Yahoo! Finance on Thursday that the Fed might need to raise the interest rate further and keep it elevated for longer. “I think it is going to take some time to really be sure we are seeing sustained realignment of demand and supply that is needed in order to bring inflation back on a path that will get back to 2%,” said Collins. Meanwhile, Philadelphia Federal Reserve President Patrick Harker told CNBC on Thursday he thought the Fed should keep the interest rate as it is “for a while.” The economy could see rate cuts in 2024 depending on the data, he added. The CME FedWatch Tool predicts a 19.5% chance for a 25-basis-point rate hike at the Fed’s next meeting in September, up from 13.5% on Thursday. (Updates with equity section.)', 'Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ahead of the U.S Federal Reserve Chair Jerome Powell’s Friday speech at Jackson Hole, investors are looking for signs of an end to the rate hike cycle, with repercussions for the crypto market. Ether moved lower to near the US$1,600 support level, while most other top 10 non-stablecoin cryptocurrencies logged losses. Solana led the losers after its own day of gains Thursday. The Forkast 500 NFT index gained slightly as the Solana blockchain’s new partnership with e-commerce platform Shopify points to better times ahead for NFTs. U.S. stock futures traded mixed after Wall Street closed lower on Thursday, with all three major U.S. indexes logging losses of over 1%.\nBitcoin dropped 1.40% in the last 24 hours to US$26,081.21 as of 07:20 a.m. in Hong Kong and traded 2.90% lower for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency reached a low of US$25,914.93 on early Friday, a 2.9% decline from its high daily high of US$26,688.48 on Thursd Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $506,176,742,588 - Hash Rate: 373269193.0236605 - Transaction Count: 425192.0 - Unique Addresses: 706946.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) investment products suffered a $13 million outflow last week, bucking the trend of consecutive weeks of massive inflows as investors instead favored funds focusing on smaller cryptocurrencies such as ether (ETH) and Ripple’sXRP, crypto asset manager CoinSharesreportedMonday. Digital asset funds overall witnessed weekly outflows of $6.5 million after gaining $742 million of inflows through the previous four weeks. The trend reversal came as BTC investors have seemingly run out of positive news to bid on after some major catalysts in recent weeks. Global asset management giant BlackRockfiledfor a long-coveted spot BTC exchange traded fund on June 15, followed by a swarm of competitorsrenewingtheir applications. The BlackRock news spurredinvestors to pile moneyinto BTC-focused investment funds over the next month at the fastest pace since October 2021. XRP’spartial court victoryover the U.S. Securities and Exchange Commission (SEC) earlier this month sent BTC’s price to a fresh yearly high, before its price quickly reverted below $30,000. The ruling, however, improved investor confidence in altcoins – alternative crypto assets to BTC – which was underscored by positive fund flows through last week. ETH-focused investment products enjoyed the largest inflows among all cryptocurrencies, totaling $6.6 million. The growth suggests that “sentiment, which has been poor this year, is beginning to turn around” for the second largest crypto asset, noted James Butterfill, head of research at CoinShares. XRP funds experienced $2.6 million of inflows, totaling $6.8 million, or 8% of all assets under management inflows, over the last 11 weeks. “This implies investors are increasingly confident in the outlook for XRP,” Butterfill said. Funds holding smaller altcoins such as Solana’sSOL, UniSwap’sUNIand Polygon’sMATICwitnessed positive flows of $1.1 million, $0.7 million and $0.7 million, respectively.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• US stocks rose Friday as markets brushed off Powell\'s warnings of more possible Fed tightening.\n• The Fed chief said the central bank could hike interest rates further "if appropriate" to tame inflation.\n• Investors seemed to ignore the warning, pushing to the Dow up almost 250 points during the session.\nUS stocks ended higher on Friday as investors brushed off Jerome Powell\'s speech at the Jackson Hole Symposium, where the Fed Chair warned more central bank policy tightening could be in order.\nAt the event, Powell reiterated that prices were still above the Fed\'s 2% inflation target, though central bankers have made good progress cooling down inflation down over the last year.Prices accelerated just 3.3% in July, down from thea peak of 9.1% recorded in June 2022.\n"It is the Fed\'s job to bring inflation down to our 2% goal, and we will do so," Powell said in his speech Friday morning, adding that the central bank would continue to assess inflation\'s descent and raise rates "if appropriate."\nStill, expectations of the Fed\'s future policy moves remained about the same, though investors slightly raised their bets that the central bank will hike rates another 25 basis-points at its November policy meeting. Such a rate move has been priced in with a 46% probability, according to theCME FedWatch tool, up from a 42% probability yesterday.\n"Powell said little to change market expectations in the very short-term," CIBC Private Wealth\'s Gary Pzegeo said in a statement on Friday. "Beyond September, markets may have to adjust the rate outlook higher, particularly if the recent run of faster than expected growth continues to play out."\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,405.73, up 29.42%\n• Dow Jones Industrial Average:34,346.96, up 0.73% (+247.54 points)\n• Nasdaq Composite:13,590.65, up 0.94%\nHere\'s what else happened today:\n• The housing market is so unaffordableZillow is now offering prospective homebuyers a 1% down payment option.\n• The average homebuyer lost $71,000 in purchasing powerover the last year, according to a recent Redfin analysis.\n• A US debt explosion could force the Fed to halt a key tightening campaignto stabilize the financial system.\n• Fears of a stock market crash among investors are the highest since 2020, Yale data shows.\n• The stock market will keep moving higheruntil these two things happen, Bank of America warned.\n• China\'s economy is facing a lopsided supply and demand problemthat\'s been years in the making.\n• Taylor Swift, Beyonce, and "Barbieheimer" could end up boosting US GDP by $8.5 billion, according to a Bloomberg analysis.\n• Billionaire investor Ray Dalio says India\'s moon landingis a sign of its growing economic power.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 1.32% to $80.09 a barrel.Brent, the international benchmark, rose 1.7% to $84.80 a barrel.\n• Goldslipped 0.28% to $1,942.60 per ounce.\n• The yield on the 10-year Treasury yield was nearly flat at 4.239%.\n• Bitcoininched lower 0.01% to $26,015.\nRead the original article onBusiness Insider', 'Fed chief Powell reiterated that inflation was still above the Fed\'s 2% target. AP Photo/Susan Walsh, File US stocks rose Friday as markets brushed off Powell\'s warnings of more possible Fed tightening. The Fed chief said the central bank could hike interest rates further "if appropriate" to tame inflation. Investors seemed to ignore the warning, pushing to the Dow up almost 250 points during the session. US stocks ended higher on Friday as investors brushed off Jerome Powell\'s speech at the Jackson Hole Symposium, where the Fed Chair warned more central bank policy tightening could be in order. At the event, Powell reiterated that prices were still above the Fed\'s 2% inflation target, though central bankers have made good progress cooling down inflation down over the last year. Prices accelerated just 3.3% in July , down from the a peak of 9.1% recorded in June 2022 . "It is the Fed\'s job to bring inflation down to our 2% goal, and we will do so," Powell said in his speech Friday morning, adding that the central bank would continue to assess inflation\'s descent and raise rates "if appropriate." Still, expectations of the Fed\'s future policy moves remained about the same, though investors slightly raised their bets that the central bank will hike rates another 25 basis-points at its November policy meeting. Such a rate move has been priced in with a 46% probability, according to the CME FedWatch tool , up from a 42% probability yesterday. "Powell said little to change market expectations in the very short-term," CIBC Private Wealth\'s Gary Pzegeo said in a statement on Friday. "Beyond September, markets may have to adjust the rate outlook higher, particularly if the recent run of faster than expected growth continues to play out." Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,405.73, up 29.42% Dow Jones Industrial Average : 34,346.96, up 0.73% (+247.54 points) Nasdaq Composite : 13,590.65, up 0.94% Here\'s what else happened today: The housing market is so unaffordable Zillow is now offering prospective homebuyers a 1% down payment option . The average homebuyer lost $71,000 in purchasing power over the last year, according to a recent Redfin analysis. A US debt explosion could force the Fed to halt a key tightening campaign to stabilize the financial system. Fears of a stock market crash among investors are the highest since 2020 , Yale data shows. The stock market will keep moving higher until these two things happen, Bank of America warned . China\'s economy is facing a lopsided supply and demand problem that\'s been years in the making. Taylor Swift, Beyonce, and "Barbieheimer" could end up boosting US GDP by $8.5 billion , according to a Bloomberg analysis. Billionaire investor Ray Dalio says India\'s moon landing is a sign of its growing economic power. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 1.32% to $80.09 a barrel. Brent , the international benchmark, rose 1.7% to $84.80 a barrel. Gold slipped 0.28% to $1,942.60 per ounce. The yield on the 10-year Treasury yield was nearly flat at 4.239%. Bitcoin inched lower 0.01% to $26,015. Read the original article on Business Insider', 'In this article, we discuss 10 best performing technology ETFs in 2023. If you want to skip our discussion on the current technology landscape, head directly to 5 Best Performing Technology ETFs in 2023 . In 2023, technology stocks are experiencing a strong surge in value following a significant decline in 2022. However, despite the substantial gains driven partially by the recent hype around artificial intelligence, investors in ETFs are not uniformly rushing to invest in the sector. The movement of money within the technology sector this year has left Todd Sohn, an ETF strategist at Strategas, perplexed. In June 2023, he pointed out the outflow of funds from two major ETFs – the Technology Select Sector SPDR Fund (NYSE:XLK), which mirrors a tech stock index in the S&P 500, and the Invesco QQQ Trust (NASDAQ:QQQ), providing investors exposure to the tech-focused Nasdaq-100 index. Despite both ETFs surging by more than 30% this year following a dismal performance in 2022, Sohn identified the outflows from the Invesco QQQ Trust (NASDAQ:QQQ) in this year as unusual. He noted that even though investors are gravitating toward the smaller, more economical version of the fund, the Invesco NASDAQ 100 ETF (NASDAQ:QQQM), for tech exposure, the substantial gains of the former haven\'t been accompanied by a clear trend of herd behavior. Regarding the Technology Select Sector SPDR Fund (NYSE:XLK), ETF investors seem to still harbor "some skepticism" about the recovery of the U.S. equity market from the harsh downturn of the previous year, Sohn commented. Dave Nadig, a financial futurist at VettaFi, believes that another profitable stretch awaits in the technology and artificial intelligence space. However, he indicated that there are constraints to the potential upside. Nadig forecasted that the sectors set to experience the most significant growth are industrial, robotics, and automation. He commented : “AI is going to have a long-term and significant positive effect on GDP ... [But] it’s very difficult to pick public companies that are going to be the outsized beneficiaries of that. We run into this all the time when we have cool new technology … and we end up buying Google and Microsoft and Apple and Nvidia, which we all already probably own too much of.” NVIDIA Corporation (NASDAQ: NVDA ) CEO Jensen Huang expects that the surge in artificial intelligence will extend well into 2024. To substantiate his optimism, he made what could possibly be the largest individual investment in the technology sector. NVIDIA Corporation (NASDAQ:NVDA)’s Q2 financial results exceeded Wall Street\'s predictions, and the company disclosed intentions to repurchase an additional $25 billion worth of its own common shares – a strategy commonly employed when a company\'s leadership believes its value is underrated. Although NVIDIA Corporation (NASDAQ:NVDA)’s stock price has surged by over threefold this year and was poised to achieve a record peak following Q2 results, the company intends to boost the production of its hardware well into the following year. This has effectively dispelled concerns raised by a few analysts regarding the sustainability of the AI frenzy. Additionally, NVIDIA Corporation (NASDAQ:NVDA) enjoys a near-monopoly over the computing systems that drive services like ChatGPT. Story continues In this article, we discuss some of the best performing technology ETFs in 2023, which offer investors exposure to Broadcom Inc. (NASDAQ: AVGO ), Microsoft Corporation (NASDAQ: MSFT ), and DraftKings Inc. (NASDAQ: DKNG ). Our Methodology We used an ETF screener and filtered out Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $507,228,553,738 - Hash Rate: 378799106.9943814 - Transaction Count: 497513.0 - Unique Addresses: 747932.0 Social & AI Sentiment: - Fear & Greed Index: 0.38 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Crypto investors will be eyeing a flurry of U.S. jobs, housing and other macroeconomic data this week for signs of their dream scenario: that inflation is waning without casting the economy into a steep recession. To be sure, even a continuation of recent encouraging signs, including last Wednesday’s slightly more than expected drop in the Consumer Price Index (CPI), is unlikely to stir the U.S. central bank from its plan to raise the interest rate by 25 basis points (bps). The Federal Open Market Committee (FOMC) begins its nexttwo–day policy meeting, during which it will come to a rate decision, on July 25. The FedWatch tool, which gauges sentiment about interest rate decisions, has risen above 97%, up slightly from its already lofty perch in recent weeks, and multiple bank officials have maintained that inflation remains a threat to the economy, even after halting rate increases last month. Monetary hawkishness has tended to weigh on crypto prices, raising investor angst about central bank overstep. Read More:Bitcoin Dips Below $30K to Lowest Since Late June as Altcoins Pare Gains From XRP Lawsuit Last week’s 3.1% reading, which continued a downward trend, left crypto markets largely unmoved (a partly favorable court decision about Ripple’s XRP had a greater impact), as did the following day’s mildly encouraging Producer Price Index (PPI) for June and a few faint signs earlier this month that the job market is cooling. This week will include retail, industrial productivity and home sales, along with the usual weekly jobless claims. On Tuesday, the U.S. Commerce Department releases June retail sales, with consensus for a 0.5% rise, up from last May’s 0.3% reading, which beat expectations. Continued growth suggests that consumers are continuing to spend on household and other goods, a sign of the sort of economic expansion that leads to higher prices. The same day, the Fed releases Industrial Production figures that will offer an additional snapshot of economic growth in May. Industrial Production ticked down 0.2% in May after rising the previous two months. On Thursday, the Labor Department will release weekly jobless claims. Expectations are for 240,000 unemployment claims, up from last week’s 237,000 total. The number of claims has recently been hovering comfortably above 200,000 even as observers of the unemployment market look for more sizeable increases that would indicate a cooling of the hot job market. Also on Thursday, the National Association of Realtors, a trade group, publishes its June report on existing home sales with expectations for the market to continue slowing. A robust housing market has contributed to inflationary pressure.In May, existing home sales inched up 0.2% but were off 20% from the previous year, same month, while the median sale price of $396,100 was down 3.1%. The earnings season for big banks started largely favorably last week with JPMorgan Chase net income and revenue surging 67% and 34%, respectively. This week, Bank of America (BAC), Morgan Stanley (MS), Charles Schwab (SCHW), PNC Financial Services (PNC), and Bank of New York Mellon (BK) will report on Tuesday, while Goldman Sachs (GS) will report the following day.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["(Bloomberg) -- Blink and you’ll probably miss the latest crypto fad.\nMost Read from Bloomberg\n• UBS Flags Cost Cuts After $29 Billion Credit Suisse Windfall\n• Europe's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon Footprint\n• Hong Kong to Shut Down City Before Super Typhoon Saola Hits\n• US Health Officials Urge Moving Pot to Lower-Risk Category\n• Putin Moves to Seize Control of Wagner’s Mercenary Empire\nA hot new social-media project that enlivened an otherwise dull summer for digital-asset traders is already beginning to fizzle out, after reaching a peak that at one point made it the highest-earning service provider in decentralized finance.\nIt’s called friend.tech, a blockchain-based platform that allows users to buy and sell digital tokens linked to their favorite influencers on X (formerly Twitter), which act as a gateway to communicate with other backers in dedicated group chats. Early creators on the platform include crypto personalities like Cobie and HsakaTrades, as well as Milwaukee Bucks basketball player Grayson Allen and Y Combinator CEO Garry Tan.\nLess than two weeks after its Aug. 10 debut, fees on friend.tech — where 10% of every token purchase or sale gets split between the influencer and the platform — rose to a high of almost $1.7 million, according to data from DeFiLlama. That height, reached on Tuesday, made friend.tech the highest-earning platform after the Ethereum blockchain itself at one point, with the app generating around $7.5 million in fees since its launch as of Friday, per a Dune Analytics dashboard tracked by crypto asset manager 21.co.\nBut as quickly as its rise began, the hype soon diminished. Fees began to droop, and were nearly 70% lower by Friday compared to Tuesday’s peak. The number of new users joining the platform daily also tanked, falling from 20,360 new accounts on Monday to just 4,484 on Friday — a decrease of almost 80%. The precise cause of friend.tech’s fading star is not yet known, though a report from crypto research firm Messari noted user gripes regarding “high trading fees, slow load times and a steep pricing curve” which determines how tokens on friend.tech are valued.\nThe premise of friend.tech relies on the outsize role that personalities on platforms like X play in the success or failure of new crypto startups, making them an appealing target for monetization. Social media is also a hotly contested area of development in crypto, with the likes of Aave’s Lens Protocol and Twitter co-founder Jack Dorsey’s BlueSky among those to have launched in the last year.\nRead more: Crypto Wants to Save Social Media\nBut so far, friend.tech has turned out to be subject to the same speculative mania that often tails new crypto projects, making it more like Dogecoin than a vibrant social-media platform. Even venture capitalists are wondering whether every idea requires a level of speculation in order to be successful in the current market.\n“The nature of crypto bakes ownership in as a feature. It’s an alternative to the advertising model that drove the tech giants,” Simon Taylor, head of strategy at fraud prevention startup Sardine, said in a message. “The upside is more privacy and potentially a share in growth. The risk is speculative games.”\nTeething Problems\nFriend.tech runs on Coinbase’s new blockchain network Base, with its early runaway success representing a rare bright spot on a chain that’s been flooded by token scams since its launch. The dramatic spike in activity, mostly generated by automated trading bots seeking to capitalize on friend.tech’s meteoric rise, also juiced Base’s transactions per second to briefly surpass that of Ethereum.\nThe app has also begun to attract creators from platforms such as OnlyFans, a subscription-based service which similarly permits access to private group chats as well as exclusive content. But even in its short life, friend.tech is already experiencing problems.\nInfluencer tokens, originally called “shares,” were renamed by friend.tech’s developers on Monday as “keys” — a move that was likely an attempt to distance them from securities rules after eagle-eyed lawyers noted the possible overlap with US regulators’ current crackdown on such assets. Criticism has also mounted from traders over friend.tech’s lack of a privacy policy — a core requirement for any platform in the modern era.\nAnd those same bots that drove the spike in transactions on friend.tech are contributing most to the platform’s subsequent downturn, according to 21.co’s Tom Wan. Automated bots can manipulate the order in which a transaction happens, so when an influencer tries to make their first key, bots are able to get ahead and buy it before them at the cheapest price possible. Creators are then left to buy their key at a higher price on the market, disincentivizing them in the process. The same can happen in the secondary market, forcing legitimate users to have to pay a higher fee to acquire the same stake.\nTrack Record\nSome have likened friend.tech’s model — where its underlying structure of only providing creators with a cut of token transactions means they don’t have much incentive to stick around past the initial sale — to nonfungible tokens. NFTs themselves have a poor track record in this regard, with one of their main selling points — the ability for creators to earn ongoing royalties long after the first sale — largely failing to materialize and, in some cases, being slashed or blocked altogether. Overall, NFT sales at the start of this month were down more than 95% since the sector’s January 2022 peak at $288 million, per CryptoSlam data.\nThe idea of tokenizing famous crypto personalities and allowing users to buy shares in them is nothing new, either. An Andreessen Horowitz and Sequoia-backed platform known as BitClout attempted a similar endeavor in 2021, quickly racking up almost $170 million worth of Bitcoin from investors and users after reserving thousands of accounts for influencers in advance. It soon encountered legal backlash after one of those influencers disputed BitClout’s use of their information without consent, and the company later underwent its own rebrand.\nUltimately, friend.tech’s main problem goes to the heart of what’s been crypto’s top problem all along: providing a utility that encourages user stickiness beyond the ability to speculate. Already, others are developing tools on top of friend.tech to help game that financial system: tips on how to pick out the next biggest riser, a trader leaderboard and token price charts.\n“In its current form, you’re basically looking at an unintended Ponzi with first in/first out because there isn’t any product feature depth to create stickiness or retention,” said Ryan Wyatt, former president of Polygon Labs, in a post on X.\n“There is undoubtedly interesting social [and] crypto loops to explore here,” he added. “But call a spade a spade, we know how these things play out in the absence of a sticky product with real value.”\nIf the platform can’t find a way to encourage those who aren’t crypto natives to find some benefit from the service, then it’s likely to go the same way as everything else in this industry once a newer, shinier novelty comes along — into the ether.\n--With assistance from Philip Brian Tabuas.\nMost Read from Bloomberg Businessweek\n• America Is the World Leader in Locking People Up. One City Found a Fix\n• How a Tiny Mexican Border City Built a Budget Dental Empire\n• Is Carlos Alcaraz the Next Billion-Dollar Tennis Player?\n• The Hostile Takeover of Blue Cities by Red States\n• Can You Name These Cities?\n©2023 Bloomberg L.P.", "(Bloomberg) -- Blink and you’ll probably miss the latest crypto fad. Most Read from Bloomberg UBS Flags Cost Cuts After $29 Billion Credit Suisse Windfall Europe's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon Footprint Hong Kong to Shut Down City Before Super Typhoon Saola Hits US Health Officials Urge Moving Pot to Lower-Risk Category Putin Moves to Seize Control of Wagner’s Mercenary Empire A hot new social-media project that enlivened an otherwise dull summer for digital-asset traders is already beginning to fizzle out, after reaching a peak that at one point made it the highest-earning service provider in decentralized finance. It’s called friend.tech, a blockchain-based platform that allows users to buy and sell digital tokens linked to their favorite influencers on X (formerly Twitter), which act as a gateway to communicate with other backers in dedicated group chats. Early creators on the platform include crypto personalities like Cobie and HsakaTrades, as well as Milwaukee Bucks basketball player Grayson Allen and Y Combinator CEO Garry Tan. Less than two weeks after its Aug. 10 debut, fees on friend.tech — where 10% of every token purchase or sale gets split between the influencer and the platform — rose to a high of almost $1.7 million, according to data from DeFiLlama. That height, reached on Tuesday, made friend.tech the highest-earning platform after the Ethereum blockchain itself at one point, with the app generating around $7.5 million in fees since its launch as of Friday, per a Dune Analytics dashboard tracked by crypto asset manager 21.co. But as quickly as its rise began, the hype soon diminished. Fees began to droop, and were nearly 70% lower by Friday compared to Tuesday’s peak. The number of new users joining the platform daily also tanked, falling from 20,360 new accounts on Monday to just 4,484 on Friday — a decrease of almost 80%. The precise cause of friend.tech’s fading star is not yet known, though a report from crypto research firm Messari noted user gripes regarding “high trading fees, slow load times and a steep pricing curve” which determines how tokens on friend.tech are valued. Story continues The premise of friend.tech relies on the outsize role that personalities on platforms like X play in the success or failure of new crypto s Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $509,506,837,688 - Hash Rate: 320735010.301812 - Transaction Count: 413594.0 - Unique Addresses: 606069.0 Social & AI Sentiment: - Fear & Greed Index: 0.38 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: LAS VEGAS, July 28, 2023 --( BUSINESS WIRE )-- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (" Ault Alliance ," or the " Company ") announced today that it has entered into a service agreement with Shareholder Intelligence Services, LLC (" ShareIntel ") to assist the Company to determine if there is illegal short selling activities in its common stock. ShareIntel will utilize its patented process called DRIL-Down™, a compliance driven service-as-a-software program designed for public companies to track stockholder ownership and monitor critical broker-dealer and stockholder movement, to investigate and report on potential illegal naked short selling activities of the Company’s stock. ShareIntel will aggregate and analyze repository data from reporting entities, broker-dealers and stockholders, enabling the Company to identify parties to possible aberrant or unusual trading activity and assist the Company to deploy corrective action steps to help curtail such activity. "Based on the trading pattern of the stock, we are concerned that our company may have been the target of a market manipulation scheme involving illegal short selling of our stock over the past year, and we are committed to investigating and exposing any wrongdoing," said Milton "Todd" Ault, III, the Executive Chairman of Ault Alliance. "By working with ShareIntel, we may find potential reporting anomalies among market makers, banks, broker-dealers and clearing firms, including efforts to artificially depress our market stock price. Investigating and attempting to remedy any wrongdoing would support our continuing commitment to protect our investors and maximize stockholder value. The Company believes such manipulation to be completely unacceptable, as it distorts the value of the targeted companies and negatively impacts the stockholders who have invested their hard-earned money." Story continues David Wenger, President and Chief Executive Officer of ShareIntel, stated, "We look forward to helping Ault Alliance identify parties that may be engaging in abusive and illegal naked short selling." For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.ault.com or available at www.sec.gov . About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and colocation and offers hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com . Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.ault.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20230728746789/en/ Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin, Ether and other top 10 non-stablecoin cryptocurrencies held steady on Monday morning in Asia. Crypto investor sentiment remains cautious, although JPMorgan Chase & Co. analysts report that downward price momentum in the market has slowed. The Forkast 500 NFT Index gained after Donald Trump’s arrest triggered a surge in sales of the former U.S. president’s signature NFT collection. U.S. equity futures gained despite U.S. Federal Reserve chair Jerome Powell using his highly anticipated Jackson Hole speech on Friday to double down on the potential for interest rates to stay higher for longer.\nBitcoin posted a minimal gain of 0.08% for the last 24 hours to reach US$26,050.62 as of 06:40 a.m. in Hong Kong. The token was trading 0.59% lower for the week, according to CoinMarketCapdata. The world’s leading cryptocurrency hovered around US$26,000 over the weekend, briefly dipping below the key support level several times.\n“TheCryptocurrency Fear and Greed Indexis in “Fear” territory for the latest week,” said Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, in an emailed statement.\n“By this measure, the market is far from oversold and not yet attractive to bargain hunters,” he said, adding that Bitcoin has entered another long period of horizontal price movement.\nEther gained 0.35% to US$1,653.79, while losing 1.73% in the last seven days. Alongside most other cryptos, including Bitcoin, it posted heavylossesAug. 18 as macroeconomic factors — includinguncertaintyover upcoming Fed moves on interest rates,depreciationof the Chinese yuan and the bankruptcy of Chinese property giant Evergrande — weighed on the market.\n“Ethereum is consolidating around US$1,650, a significant pivot level of the last 12 months,” said Kuptsikevich. He warned that a failure to maintain this level could take the price to US$1,200 “within a week or two.”\nContrastingly, areportby analysts at JPMorgan Chase & Co. forecast “limited downside” for the crypto market as losses slow. They found a drop in the number of Bitcoin-linked futures contracts on exchanges that are yet to be settled — a sign that downward price movement is losing its momentum.\nOther top 10 non-stablecoin cryptocurrencies were steady to mixed.\nSolana led the gains, rising 1.99% to US$20.73, but it still posted a loss of\xa04.89% for the week. That drop came despite news last week that Solana Pay — a free-to-use payment protocol built on the Solana blockchain — has partnered with Canada-based e-commerce platform Shopify to allow USDC stablecoin payments for online shopping without intermediary fees.\nThe total crypto market capitalization grew 0.18% to US$1.05 trillion. Trading volume also rose 6.88% to US$16.28 billion.\nThe indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\nThe main Forkast 500 NFT index edged up 0.07% over the past 24 hours to 2,244.41 as of 11:45 a.m. in Hong Kong, but was down 3.71% for the week. Forkast’s Ethereum, Polygon and Cardano indexes moved down, while the Solana index rose.\nTotal NFT trading volume rose 0.33% in the past 24 hours to US$10.02 million. Volume on Ethereum and Polygon fell while Solana, Mythos and BNB logged increases, according todatafrom CryptoSlam.\nMeanwhile, the public release of Donald Trump’s police mugshot Thursday caused a surge in the price of the former U.S. presidents signature NFTs. The average price of Trump Digital Trading Cards on the NFT marketplaceOpenSeajumped 70% to 0.1913 ETH (US$358) on Sunday from 0.1118 ETH on Wednesday.\nThe mugshot is part of the criminal case brought by the Georgia state government against Trump for electoral interference at the end of the 2020 presidential race. The image is the first mugshot taken of a former president in U.S. history. Trump tweeted the picture on his official X account on Friday. It was his first tweet since being reinstated to X (formerly Twitter) following a ban in January 2021.\nThe tweet had 250.4 million views and 1.6 million likes as of Monday afternoon in Asia.\n“The more Trump is in the news, the more these will sell,” said Yehudah Petscher, NFT strategist for Forkast Labs.\n“To some degree, I do think these are historic. You have one of the most polarizing figures in world history, and I think most people don’t realize or they forgot, but there’s a whole collection of prize NFTs,” Petscher added.\nTrump’s NFT collection, launched last December, includes passes to perks including a group Zoom call with the former president.\n“I bought a couple of the Zoom calls,” Petscher said. “When else are you ever going to have a chance to talk to a president for 30 bucks?”\nIn terms of collections, Mythos chain-based NFTs from blockchain gaming platform DMarket topped trade volume, gaining 3.58% to US$815,301. Ethereum-based NFT staple Bored Ape Yacht Club placed second despite dropping 45.50% to US$666,010.\nThe digital collection from ImmutableX’s science fiction-based trading card game “Cross The Ages” placed third with a trading volume of US$472,187.\nU.S. stock futures were trading up as of 11:55\xa0 a.m. in Hong Kong, adding to gains made during regular session trading Friday. China’s Shanghai Composite Index, Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei all also logged gains.\nThat followed Federal Reserve Chair Jerome Powell’s opening speech at the Jackson Hole Economic Symposium last Friday. Powell said the U.S. economy has become more resilient, but made clear that inflation still remains “too high.” The central bank could still raise interest rates if needed, he said, but will “proceed carefully” before making any decision.\n“It’s a reiteration that the Fed at best is going to go very slowly and cautiously,” Michael Green, chief investment strategist at Simplify Asset Management,saidto BBC News.\nThe Fed raised its interest rate to between 5.25% and 5.50% in July, the highest level in 22 years. The CME FedWatch Toolpredictsa 19.5% chance for a 25-basis-point rate hike at the Fed’s next meeting in September.\nMeanwhile, China stocksrosefollowing weekendreportsthat Beijing is preparing new measures to boost capital markets. The proposed measures include a plan to cut stamp duty — a tax levied on documents required to legally record transactions — on stock trading by a maximum of 50%. If implemented, the cut will be the first of its kind since 2008.\n“Such a policy will likely give a short-term boost to the market, but won’t have much effect over the long run,” Xie Chen, fund manager at Shanghai Jianwen Investment Management Co., told Reuters.\nMacroeconomic data for July, including output and retail sales figures, showed a slowdown in China’s post-coronavirus recovery efforts, with some analysts predicting arecession.\n(Updates to add Equities section)', 'Bitcoin, Ether and other top 10 non-stablecoin cryptocurrencies held steady on Monday morning in Asia. Crypto investor sentiment remains cautious, although JPMorgan Chase & Co. analysts report that downward price momentum in the market has slowed. The Forkast 500 NFT Index gained after Donald Trump’s arrest triggered a surge in sales of the former U.S. president’s signature NFT collection. U.S. equity futures gained despite U.S. Federal Reserve chair Jerome Powell using his highly anticipated Jackson Hole speech on Friday to double down on the potential for interest rates to stay higher for longer. JP Morgan finds ‘limited downside’ for crypto Bitcoin posted a minimal gain of 0.08% for the last 24 hours to reach US$26,050.62 as of 06:40 a.m. in Hong Kong. The token was trading 0.59% lower for the week, according to CoinMarketCap data . The world’s leading cryptocurrency hovered around US$26,000 over the weekend, briefly dipping below the key support level several times. “The Cryptocurrency Fear and Greed Index is in “Fear” territory for the latest week,” said Alex Kuptsikevich, senior market analyst at London-based online brokerage FxPro, in an emailed statement. “By this measure, the market is far from oversold and not yet attractive to bargain hunters,” he said, adding that Bitcoin has entered another long period of horizontal price movement. Ether gained 0.35% to US$1,653.79, while losing 1.73% in the last seven days. Alongside most other cryptos, including Bitcoin, it posted heavy losses Aug. 18 as macroeconomic factors — including uncertainty over upcoming Fed moves on interest rates, depreciation of the Chinese yuan and the bankruptcy of Chinese property giant Evergrande — weighed on the market. “Ethereum is consolidating around US$1,650, a significant pivot level of the last 12 months,” said Kuptsikevich. He warned that a failure to maintain this level could take the price to US$1,200 “within a week or two.” Contrastingly, a report by analysts at JPMorgan Chase & Co. forecast “limited downside” for the crypto market as losses slow. They found a drop in the number of Bitcoin-linked futures contracts on exchanges that are yet to be settled — a sign that downward price movement is losing its momentum. Story continues Other top 10 non-stablecoin cryptocurrencies were steady to mixed. Solana led the gains, rising 1.99% to US$20.73, but it still posted a loss of\xa04.89% for the week. That drop came despite news last week that Solana Pay — a free-to-use payment protocol built on the Solana blockchain — has partnered with Canada-based e-commerce platform Shopify to allow USDC stablecoin payments for online shopping without intermediary fees. The total crypto market capitalization grew 0.18% to US$1.05 trillion. Trading volume also rose 6.88% to US$16.28 billion. Trump mugshot boosts former US president’s NFT sales The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index edged up 0.07% o Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $508,494,888,606 - Hash Rate: 326264924.27253294 - Transaction Count: 331345.0 - Unique Addresses: 636935.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: U.S. Democratic presidential candidate Robert F. Kennedy Jr. has again jumped to defend Bitcoin , endorsing arguments that the environmental impact of the world’s largest cryptocurrency isn't nearly as dangerous as it's reported. Commenting on Sangha Systems director Daniel Feldman’s recent Twitter thread describing how a “symbiotic relationship” between Bitcoin mining and the energy produced from renewable sources “solves problems and makes the other better,” RFK Jr. called it an “interesting argument.” Sangha Systems is a multi-pronged firm that's launched a Bitcoin mining firm in Illinois called 82 River North and reportedly operates the "resilience token" in collaboration with Aon Insurance. “At the very least, environmental argument should not be used as smokescreen to curtail freedom to transact,” he added. Interesting argument that bitcoin not so bad for the environment after all. At the very least, environmental argument should not be used as smokescreen to curtail freedom to transact. #Kennedy24 https://t.co/0BNbIJ9eoD — Robert F. Kennedy Jr (@RobertKennedyJr) July 30, 2023 Reciting a catalog of alleged advantages Bitcoin mining brings to the economy, Feldman emphasized that, contrary to popular media narratives, it is “a solution to improve the electric grid and lessen reliance on fossil fuels.” The problem, he wrote, is that most renewable energy sites are not profitable without government subsidies. Feldman further argues that “the usual terms of climate debate must turn away from polarization and towards innovation,” which is especially relevant in circumstances when “green energy investor focus is often not energy sales, but is instead the contrived / creative financial engineering involved in maximizing tax credits.” Story continues Death of 'Anti-Mining' Bill Means Texas Miners Can Keep Raking in Energy Credits “The flow of these tax credits are controlled by the large banks that get bailed out in times of financial crisis, the very same banks Bitcoin will free us from,” said Feldman, adding that “Bitcoin mining creates a global market for electricity that will encourage investment into renewable energy projects with a new revenue frontier.” Robert F. Kennedy Jr. and Bitcoin While Kennedy’s chances of winning the Democratic party's nomination are relatively low, with bookmakers putting his odds earlier this month at around 11% , he's nonetheless drawn the support of many Bitcoin maximalists in recent months. The 69-year-old politician praised Bitcoin during a keynote address at Bitcoin 2023 in Miami in May, saying it was the Canadian government’s move to clamp down on truck drivers protesting COVID-19 restrictions at the beginning of 2022 by freezing bank accounts that helped him understand Bitcoin’s value. Ron DeSantis Banned CBDCs in Florida—These States Could Be Next Kennedy also said that supporting Bitcoin is both an “exercise and a guarantee” of civil liberties he’s committed to protecting. He later slammed central bank digital currencies ( CBDCs ), calling them "instruments of control and oppression” that “are certain to be abused.” Last week, Kennedy revealed he even bought a total of 14 Bitcoin—two for each of his seven children. Crypto's climate concerns In recent years, the environmental impact of Bitcoin has been a subject of significant debate and concern, mainly due to the fact that Bitcoin mining, the process through which new coins are created and transactions are verified, heavily relies on energy-intensive computational power. Additionally, there have been ongoing discussions about implementing more energy-efficient consensus mechanisms to reduce the environmental impact of Bitcoin mining. 'Unsubstantiated': Expert Refutes Greenpeace Bitcoin Mining Pollution Claims One such organization urging Bitcoin-friendly financial services companies to switch to what it calls a “cleaner protocol,” is Greenpeace USA, however, as Daniel Batten, the co-founder of an ESG focused-fund manager CH4 Capital, recently stated , many of the facts and figures used by the non-profit to demonstrate Bitcoin’s environmental harm are misleading, if not outright false. According to data from Cambridge University , global Bitcoin mining operations currently use an estimated 137 TW/h (terawatt hours) per year, which is slightly more than the entire country of Ukraine with 134 TW/h. To address these concerns, some initiatives have emerged to promote sustainable mining practices and the use of renewable energy sources for Bitcoin mining.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The world of digital assets is one that’s grown in prominence in recent years. A decade ago, most investors couldn’t really describe a cryptocurrency or non-fungible token (NFT). However, it’s a completely different game now. The rise of digital assets during this past bull market changed the game for growth investors, many of whom profited in a big way from the growth of these nascent assets.\nMoving froward, the question is whether these particular digital assets are better bets than the infrastructure supporting this sector. Indeed, it’s my view that certain crypto-adjacent companies may be better-positioned to provide more stable growth over time than the underlying assets themselves.\nKeeping this in mind, let’s take a look at three digital asset stocks worth adding to the watch list now.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Useacoin / Shutterstock.com\nDespite a significant 2022 sell-off,Coinbase(NASDAQ:COIN) stock surged by 180% this year, remaining below its previous highs. Trading 73% lower than its 2021 all-time high, Coinbase still offers a rebound opportunity, given the distance it will take to regain its previous highs.\nIn Q2, the second-largest crypto exchange earned $707.9 million in total revenues, a decline from the prior quarter’s $772.5 million and the year-ago $808.3 million. Despite a $97 million net loss, an adjusted EBITDA of $194 million emerged. Analyst estimates varied, yet the results have brought relief to crypto bulls and shareholders.\nFor those bullish on the ability of centralized exchanges to grow, Coinbase remains the top pick in this regard. If crypto trading volumes pick up, this company will undoubtedly be the biggest beneficiary of such a catalyst.\nSource: Yev_1234 / Shutterstock\nMarathon Digital(NASDAQ:MARA) is a well-known cryptocurrency mining company currently trading on the Nasdaq exchange. While intriguing, it’s a long-term play with risks and potential rewards. Let’s delve into the details of this notableBitcoin(BTC-USD) miner.\nMARA stock has corrected from its recent high to below $14, and with significant short interest, a reversal rally is possible. Despite Q2 revenue and earnings miss, Marathon’soperational hash rate is 17.7EH/s, growing to 21.8EH/s, indicating positive mining capacity growth and a promising outlook.\nFor those seeking a crypto-related investment without a spot Bitcoin ETF, consider Marathon Digital. Do your research, monitor news, and be cautious due to associated risks. MARA stock provides investors with indirect exposure to Bitcoin prices, so volatility may remain high. That said, those bullish on where Bitcoin will trade a few years down the road may have greater upside with MARA, given this leveraged relationship.\nSource: rafapress / Shutterstock.com\nRiot Platforms(NASDAQ:RIOT) is a top choice for investing in Bitcoin mining, especially after a recent 40% correction. The stock’s appeal is boosted by its robust balance sheet, with no debt and $510 million in cash and digital assets byQ2 2023, ensuring flexibility for expansion.\nBy Q2 2023, Riot had amining capacity of 10.7EH/s, marking a 143% year-over-year increase. Notably, capacity is set to further surge due to a June miner purchase agreement. This move aims to reach 20.1EH/s by mid-2024 and potentially expand to 35.4EH/s by the end of next year. Despite halving-related mining challenges, a potential cryptocurrency surge could counterbalance. Riot’s aggressive mining capacity expansion plans contribute to a positive outlook.\nOn the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nChris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.\n• ChatGPT IPO Could Shock the World, Make This Move Before the Announcement\n• Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.\n• The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors\nThe post3 Digital Asset Stocks That Are Better Bets Than Cryptoappeared first onInvestorPlace.', 'The world of digital assets is one that’s grown in prominence in recent years. A decade ago, most investors couldn’t really describe a cryptocurrency or non-fungible token ( NFT ). However, it’s a completely different game now. The rise of digital assets during this past bull market changed the game for growth investors, many of whom profited in a big way from the growth of these nascent assets. Moving froward, the question is whether these particular digital assets are better bets than the infrastructure supporting this sector. Indeed, it’s my view that certain crypto-adjacent companies may be better-positioned to provide more stable growth over time than the underlying assets themselves. Keeping this in mind, let’s take a look at three digital asset stocks worth adding to the watch list now. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Coinbase (COIN) A stack of bitcoin tokens ahead of the Coinbase logo. Source: Useacoin / Shutterstock.com Despite a significant 2022 sell-off, Coinbase (NASDAQ: COIN ) stock surged by 180% this year, remaining below its previous highs. Trading 73% lower than its 2021 all-time high, Coinbase still offers a rebound opportunity, given the distance it will take to regain its previous highs. In Q2 , the second-largest crypto exchange earned $707.9 million in total revenues, a decline from the prior quarter’s $772.5 million and the year-ago $808.3 million. Despite a $97 million net loss, an adjusted EBITDA of $194 million emerged. Analyst estimates varied, yet the results have brought relief to crypto bulls and shareholders. For those bullish on the ability of centralized exchanges to grow, Coinbase remains the top pick in this regard. If crypto trading volumes pick up, this company will undoubtedly be the biggest beneficiary of such a catalyst. Marathon Digital Holdings (MARA) Macro view of miner working for bitcoins mine pool. Devices and technology for mining cryptocurrency. Mining cryptocurrency concept. MARA stock. Crypto mining. Source: Yev_1234 / Shutterstock Marathon Digital (NASDAQ: MARA ) is a well-known cryptocurrency mining company currently trading on the Nasdaq exchange. While intriguing, it’s a long-term play with risks and potential rewards. Let’s delve into the details of this notable Bitcoin ( BTC-USD ) miner. Story continues MARA stock has corrected from its recent high to below $14, and with significant short interest, a reversal rally is possible. Despite Q2 revenue and earnings miss, Marathon’s operational hash rate is 17.7EH/s , growing to 21.8EH/s, indicating positive mining capacity growth and a promising outlook. For those seeking a crypto-related investment without a spot Bitcoin ETF, consider Marathon Digital. Do your research, monitor news, and be cautious due to associated risks. MARA stock provides investors with indirect exposure to Bitcoin prices, so volatility may remain high. That said, those bullish on where Bitcoin will trade a few years down the road may have greater upside with MARA, given this leveraged relationship. Riot Platforms (RIOT) In this photo illustration, the Riot Platforms (RIOT) logo is displayed on a smartphone screen. Source: rafapress / Shutterstock.com Riot Platforms (NASDAQ: RIOT ) is a top choice for investing in Bitcoin mining, especially after a recent 40% correction. The stock’s appeal is boosted by its robust balance sheet, with no debt and $510 million in cash and digital assets by Q2 2023 , ensuring flexibility for expansion. By Q2 2023, Riot had a mining capacity of 10.7EH/s , marking a 143% year-over-year increase. Notably, capacity is set to further surge due to a June miner purchase agreement. This move aims to reach 20.1EH/s by mid-2024 and potentially expand to 35.4EH/s by the end of next year. Despite halving-related mining challenges, a potential cryptocurrency surge could counterbalance. Riot’s aggressive mining capacity expansion plans contribute to a positive outlook. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 3 Digital Asset Stocks That Are Better Bets Than Crypto appeared first on InvestorPlace .', "Bitcoin and Ether were little changed on Tuesday morning in Asia, while other top 10 non-stablecoin cryptocurrencies traded mixed. Cardano’s ADA led the gains following bullish comments from founder Charles Hoskinson. He predicted a surge in price past both Ether and Bitcoin. Solana’s SOL posted more losses, despite last week’s news of Solana Pay’s tie-up with Shopify. Analysts expect the generally downbeat summer mood in the crypto market to pick up in fall. Elsewhere, the Forkast 500 NFT Index c Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $506,450,914,581 - Hash Rate: 436863203.68695074 - Transaction Count: 500301.0 - Unique Addresses: 767879.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A woman checks an item from the meat department while grocery shopping at a supermarket in Alhambra, California, on July 13, 2022. FREDERIC J. BROWN/AFP via Getty Images US stocks climbed on Thursday as traders digested inflation data for July. The Consumer Price Index showed inflation rose 3.2% last month, slower than economists expected. US stocks jumped on Thursday as July Consumer Price Index data showed inflation rose last month at a slower rate than economists were predicting. Inflation rose 3.2% on an annualized basis in July. That's higher than 3.0% in June but lower than the expected rate of 3.3%. Month-to-month, inflation rose 0.2% from June to July, which was in line with expectations. Although the annualized rate of inflation came in hotter than June's figures, market watchers still think that prices are cooling enough to bolster the argument that the Federal Reserve is done raising interest rates. Fed fund futures are pricing in 90% odds that the central bank holds its target rate steady at 5.25%-5.50% at next month's meeting of the Federal Open Market Committee, and that rate cuts could be coming as early as the first quarter of next year. "The case is building for the Fed to keep policy rates unchanged in September. Both headline and core inflation are waning and the internals of the CPI print suggest that further deceleration pressures should build over the coming months," Seema Shah, chief global strategist at Principal Asset Management, said. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Thursday: S&P 500 : 4,499.51, up 0.71% Dow Jones Industrial Average : 35,409.52, up 0.82% (292 points) Nasdaq Composite : 13,847, up 0.81% Here's what else is going on today: China is heading for another real estate crisis — but on a scale it's never seen before. Bearish hedge fund boss Boaz Weinstein is feeling the pain from this year's surprise stock rally. Tesla sales in China have slipped , but the country's sagging economy may not be to blame. The rally in stocks is under pressure and corporate profits could be about to sink, JPMorgan says. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil dropped 0.88% to $83.66 a barrel. Brent , the international benchmark, fell 0.63% to $87.14 a barrel. Gold edged up 0.5% to $1,959.10 per ounce. The yield on the 10-year Treasury bond slipped about one basis point to 3.99%. Bitcoin fell 0.05% to $29,550. Read the original article on Business Insider... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["The Tornado Cash indictments are being viewed by many as another tipping point for crypto. In that view, how the case plays out could define how the federal government can deal with decentralized trading platforms if they’re seen as broad precedents. But the case may be much more straightforward than initial reactions suggested.\nYou’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.Click hereto sign up for future editions.\nRoman Storm, one of the three co-founders and developers behind the Tornado Cash mixer, was arrested last week. A second, Roman Semenov, has also been indicted. A third, Alexey Pertsev, faces trial in The Netherlands, where he was arrested last year.\nAre law enforcement officials and federal governments going after Tornado Cash in an effort to tamp down on all efforts to make crypto transactions private? Or is the case a much more straightforward one about running a website that allowed North Korea to launder hundreds of millions of dollars’ worth of crypto?\nSo by now you’ve seen that the U.S. Department of Justicebrought charges against Roman Storm and Roman Semenov, two of the co-founders of Tornado Cash. One – Storm – was arrested last week, is now out on bail and will appear before a judge in the U.S. District Court for the Southern District of New York next week.\nThe indictments and arrest drew alarm from the crypto ecosystem, with concerned individuals decrying what they saw as efforts to regulate the very development and deployment of software intended to guarantee privacy in transactions.\nFirst: A disclaimer that we don’t yet have all the facts in the case. The DOJ hasn’t presented much beyond an indictment with allegations, and some of the allegations need important details to contextualize the arguments, as we’ll get into.\nAs far as the allegations themselves go, there are some facts that aren’t really great for the industry: the DOJ alleged that Storm and Semenov created a program and user interface that allowed for malicious actors to launder up to $1 billion in crypto – including North Korea’s Lazarus Group, which allegedly moved “hundreds of millions” through the mixer (leading to last year’s sanctions).\n“These are individuals who were allegedly helping North Korea with economic transactions, allegedly in aid of a nuclear weapons program. Those are really, really serious allegations,” said Anand Sithian, a former financial crimes prosecutor now with Crowell & Moring.\nBut even if the actions alleged by the government are true and Tornado Cash was used to launder money to North Korea making crypto live down to its reputation as being a tool for the dregs of humanity, the charges against the three accused are very specific and this case may not be an indictment of the industry as a whole or a power grab over privacy tools.\nThe charges themselves – conspiracy to operate an unlicensed money services business, conspiracy to commit money laundering and conspiracy to violate the International Emergency Economic Powers Act (in other words, violate sanctions) are all based on agreements between the indicted parties.\n“Certainly, the government will want to prove the substantive charge, that he actually did these things, but did these two individuals come to a meeting of the minds as to the conduct that is alleged to violate these federal statutes? That is what the government is going to have to prove,” he said.\nIt may also be difficult to distinguish between the time period where the developers had control over Tornado Cash from when they didn’t, he noted. Tornado Cash’s developers famously burned their keys, arguing they no longer had the ability to unilaterally change the smart contract code.\n“It's really hard to decipher if the government actually believes that they gave up control,” he said. But, this issue may only apply to the money services business charge.\nMoreover, the DOJ seems to be specifically arguing that it was the user interface at issue, rather than the smart contract itself, said Craig Timm, a senior director of anti-money laundering at the Association of Certified Anti-Money Laundering Specialists (ACAMS).\n“You've got to think about it sort of separate in your mind, the Tornado Cash smart contract from the user interface in the website, because I think that's exactly what the Department of Justice is doing,” he said.\nIt seems unlikely the charges would be brought if there was no user interface, he added.\nTornado Cash’s native TORN token is another complicating factor, Sithian said. According to the indictment, the defendants used the token to profit off of the operation of Tornado Cash as a service. The filing cites messages they sent to each other, where they allegedly discussed the need to pump TORN’s price.\nThey converted their TORN token holdings into stablecoins, with Storm advising Semenov and Pertsev to create new wallets and further move the funds around, the indictment said. This allegation that the accused were using Tornado Cash to pad their own accounts is another serious blow against the accused and would again seem to argue that the indictment is more narrowly tailored than an attempt to rein in the industry.\nThe idea that “they were in the business of making money off really bad actors [is] a compelling argument for a jury,” he said. It can help prosecutors provide a reason for why Storm and Semenov were working on Tornado Cash, as opposed to the more altruistic argument that they just wanted to defend privacy.\nTimm echoed this view, saying that prosecutors don’t need to prove a motive but prosecutors would typically share one anyway for the jury.\n“What [the DOJ has] done here is lay out a bunch of evidence to try to paint the picture that these guys weren't just in it for software or development, they just weren't good Samaritans here,” he said. “They were in this for money, and in fact, they were deceptive with their community about the money they were making [and] how they were profiting.”\nCoin Center, an industry group, took a competing view, saying the indictment’s allegations suggest that Storm and Semenov remained within parameters defined by the Financial Crimes Enforcement Network (FinCEN).\n“The allegations include that the defendants: (a) paid for web hosting services for a user interface that allowed users to send transaction messages to the underlying smart contracts, (b) paid for a software repository (Github) where smart contract and user interface software and documentation was hosted, and (c) had (for a time before May 2020) “complete control” over the Tornado Cash smart contracts,” research director Peter Van Valkenburghsaid in a blog post.\nFinCEN’s guidance went on to say that the publisher of anonymizing software would not be treated like a money transmitter. Storm and Semonov, if they were only the publishers of the Tornado Cash software, shouldn’t be treated like the operators, Van Valkenburgh wrote.\nSome parts of the case may hinge around the question of whether the defendants controlled Tornado Cash as a service.\nTimm said the DOJ is trying to argue that Tornado Cash wasn’t decentralized, that it was a centralized entity running a website and trying to profit off of the service being provided.\n“The allegations aren't aimed at the smart contract. They're aimed at the user interface where they could have done any number of things that could have shut it down, they could have put controls in it, they could have done any of these things once they knew criminal money is here, but they didn't,” he said. “And they knew that their system was then designed to conceal it and make it easier for the criminals to move that money.”\nVan Valkenburgh wrote that to Coin Center’s knowledge, the defendants never had the ability to directly access user funds, which would again suggest they weren’t violating FinCEN guidance for money transmitters.\nThe details about exchanges that were hacked reaching out to the developers for assistance and being turned away may play in here.\nOf course, what we don’t know is whether the developers said they couldn’t help the hacked exchanges or if they wouldn’t help the hacked exchanges. If they said they couldn’t because they didn’t have control over the smart contract or any aspect of the user interface that would have allowed them to help, that’s one story. If they said they wouldn’t help, but could have, that’s an entirely different one. The indictment only says the defendants responded to at least two emails from exchanges “declining to offer any assistance.”\nBrian Klein, Storm’s attorney, said there was “a lot more to this story” in a statement last week.\n“We are incredibly disappointed that the prosecutors chose to charge Mr. Storm because he helped develop software, and they did so based on a novel legal theory with dangerous implications for all software developers,” he said. So while it’s possible that Klein is right and that when all the details are known, this case may prove a dangerous precedent for the crypto industry, from the facts that are known at present, it looks more targeted at Tornado Cash and the actors behind it rather than something that could have a chilling effect on the ecosystem.\n• SEC Must Review Grayscale's Bitcoin ETF Bid After Previous Rejection, Appeals Court Rules:The SEC has to look over Grayscale’s bitcoin ETF application again after an appeals court said the proposed product did not seem particularly different from already-approved bitcoin futures ETFs. The ruling was unanimous, which isn’t a huge surprise givenall three judges who heard the caseseemed skeptical of the SEC’s arguments during a March hearing.\n• DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%:Genesis – a subsidiary of CoinDesk parent Digital Currency Group – has reached an “in-principle” agreement with unsecured creditors to resolve its bankruptcy.\n• Prime Trust Lost $8M in Doo Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $534,704,287,031 - Hash Rate: 348384580.1554164 - Transaction Count: 408001.0 - Unique Addresses: 665354.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Watch: Could China shut down the Bitcoin network? \| The Crypto Mile China-based cryptocurrency miners have the potential to regain dominance over the bitcoin network. Yahoo Finance talked to an expert about the risks this would present for the world's largest digital asset. On this week's episode of The Crypto Mile , Yahoo Finance UK spoke with Jameson Lopp, bitcoin expert and co-founder of digital asset security firm Casa. The conversation centred on the longstanding concerns about the concentration of bitcoin's ( BTC-USD ) mining hash-rate within China. "An authoritarian nation-state, like China, could conduct an attack that would kill the bitcoin network and make it temporarily unusable," Lopp told Yahoo Finance. Read more: Sovereign agents: Your own personal AI assistant? \| The Crypto Mile Such an attack would manifest as a "51% attack", where a single entity gains control of over more than half of the bitcoin hashrate, enabling them to control the verification of transactions and the mining of new bitcoins. "An authoritarian style 51% attack on the bitcoin network, from say the Chinese government, could come in the form of not allowing any transactions to happen on the network, or only allowing white-listed transactions to go through," Lopp added. The bitcoin hashrate The hashrate is a measure of the amount of computational power that bitcoin miners are utilising to process transactions and safeguard the network. A higher hashrate signifies more processing chips are being used to mine new bitcoin and verify transactions on the network. China recently dominated the world's share of the bitcoin hashrate. And, according to Jameson Lopp, this dominance is something they could quickly regain. Read more: Institutional investment brings new momentum to crypto "In 2019, about 75% of global hash-rate was coming out of China. But, 2021 saw the Chinese government's biggest crackdown on bitcoin mining. The hashrate was cut in half, and many miners went to friendlier jurisdictions," Lopp said. He added that despite the Chinese government ban, there are still many miners spread across the vast country. According to recent data from Statistica , Chinese miners still control 21% of current bitcoin mining output. The US maintains the largest share, at 35.4%. Could China regain mining dominance? There are still concerns over China's ability to regain its former dominant position. "Nearly all of the silicon chips used in bitcoin mining are produced in China," Lopp said. Re-routing this supply to domestic miners would deny those overseas access to new hardware, giving Chinese miners a competitive advantage. Story continues Read more: Bitcoin rallies to $30,000 after BlackRock's ETF filing These silicon chips are called ASICs, and are tailored for a single, specific task. In the case of bitcoin mining, this is solving the cryptographic puzzles required to mine the digital asset and verify transactions. "While China doesn't have an overwhelming hashrate, if something changes and it becomes a slightly more friendly place again for miners, China could dominate the network," Lopp said. "If regulations ease in China, they have the tools at hand to quickly reach new zeniths in mining," he added. Watch: Institutional investment brings new momentum to the crypto-space \| The Crypto Mile Download the Yahoo Finance app, available for Apple and Android . View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 31 August 2023 - BingX, a top cryptocurrency trading platform, continues its mission of providing users with opportunities by announcing the listing of two new tokens on its Spot trading platform: PayPal USD (PYUSD) and Ovato (OVO). These developments mark significant milestones for the cryptocurrency sector, demonstrating its resilience and adaptability as PayPal is the first to launch a stablecoin as a major payment processor. Furthermore, recent legal proceedings challenging the U.S. Securities and Exchange Commission (SEC) are sparking optimism for the eventual approval of a Bitcoin Exchange-Traded Fund (ETF), providing renewed hope for the broader cryptocurrency landscape. PayPal USD (PYUSD): Redefining Digital Transactions BingX introduces PayPal USD trading pair ( PYUSD/USDT ), a stablecoin redesigning digital transactions. PYUSD facilitates seamless buying, selling, and transferring within the platform. Transfers to Ethereum wallets and fee-free transactions on PayPal further enhance its usability. Ovato (OVO): Merging Decentralization with Centralized Principles BingX welcomes Ovato trading pair ( OVO/USDT ), utilizing blockchain for decentralized economics with a nod to centralized business efficiency. This model promotes OVO's utility coin adoption, combining decentralization benefits, high speed Transaction Per Second with closed point-to-point effectiveness. Celebrating Ovato (OVO)'s inclusion, BingX presents user-engaging events with deposit-based cashbacks and rewards, underscoring its commitment to enriching the trading experience. From deposit cashbacks to participation rewards, users have the chance to share a prize pool totaling over $20,000. Stay Tuned to BingX OVO Airdrop Event for further updates. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Contact Details BingX Elvisco [email protected] Company Website https://bingx.com/en-us/ View source version on newsdirect.com: https://newsdirect.com/news/bingx-lists-paypal-usd-pyusd-and-ovato-ovo-565927303 View comments", "SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 31 August 2023 - BingX, a top cryptocurrency trading platform, continues its mission of providing users with opportunities by announcing the listing of two new tokens on its Spot trading platform: PayPal USD (PYUSD) and Ovato (OVO). These developments mark significant milestones for the cryptocurrency sector, demonstrating its resilience and adaptability as PayPal is the first to launch a stablecoin as a major payment processor. Furthermore, recent legal proceedings challenging the U.S. Securities and Exchange Commission (SEC) are sparking optimism for the eventual approval of a Bitcoin Exchange-Traded Fund (ETF), providing renewed hope for the broader cryptocurrency landscape. PayPal USD (PYUSD): Redefining Digital Transactions BingX introduces PayPal USD trading pair ( PYUSD/USDT ), a stablecoin redesigning digital transactions. PYUSD facilitates seamless buying, selling, and transferring within the platform. Transfers to Ethereum wallets and fee-free transactions on PayPal further enhance its usability. Ovato (OVO): Merging Decentralization with Centralized Principles BingX welcomes Ovato trading pair ( OVO/USDT ), utilizing blockchain for decentralized economics with a nod to centralized business efficiency. This model promotes OVO's utility coin adoption, combining decentralization benefits, high speed Transaction Per Second with closed point-to-point effectiveness. Celebrating Ovato (OVO)'s inclusion, BingX presents user-engaging events with deposit-based cashbacks and rewards, underscoring its commitment to enriching the trading experience. From deposit cashbacks to participation rewards, users have the chance to share a prize pool totaling over $20,000. Stay Tuned to BingX OVO Airdrop Event for further updates. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Contact Details BingX Elvisco [email protected] Company Website https://bingx.com/en-us/ View source version on newsdirect.com: https://newsdirect.com/news/bingx-lists-paypal-usd-pyusd-and-ovato-ovo-565927303 View comments", "Bitcoin, Ether and most other top ten non-stablecoin cryptocurrencies dipped Thursday morning in Asia. The market lost some of the ground it made up Wednesday following a favorable U.S. court ruling for Grayscale Investments in its Bitcoin ETF case against the U.S. Securities and Exchange Commission (SEC). Elsewhere, U.S. equity futures were trading flat following four straight days of advances across the three major indexes. Weaker than expected economic data has raised hopes of another pause for interest rate hikes. Investors now await the release of U.S. jobs data Friday. Some way to go Bitcoin dropped 1.35% over the last 24 hours to US$27,248.34 as of 06:55 a.m. in Hong Kong. The token is up 3.04% for the week, according to CoinMarketCap data . The world’s leading cryptocurrency briefly rose above US$28,000 during the early hours of Thursday morning. Ether also posted losses. It fell 1.57% to US$1,702.62 over the past 24 hours for a 1.60% weekly gain. All other top ten non-stablecoin cryptos posted losses, with Solana’s SOL leading the losers with a dip of 4.28%. Toncoin was the only top ten crypto to post a gain. It rose 0.28% over the past 24 hours. The losses across most of the market followed a day of gains Wednesday on the back of a favorable U.S. court ruling for Grayscale Investments in its ongoing legal dispute with the SEC. The Connecticut-based digital asset management firm filed a lawsuit against the SEC in June 2022 following the rejection of the company’s proposal to convert its GBTC Bitcoin fund into a spot Bitcoin exchange-traded fund (ETF). A U.S. appeals court overturned the SEC’s refusal Tuesday, opening up a potential avenue for approval. In light of the news, Nigel Green, founder of financial management group deVere, said spot Bitcoin ETFs are now an “inevitability” that will cause another bull run in the market. “The court’s decision destroys the SEC’s central argument for rejecting every spot Bitcoin ETF over the last few years. This win paves the way for Bitcoin ETFs,” he said in an emailed comment. Story continues “ETFs typically involve the purchase of the underlying asset by the fund managers. If Bitcoin ETFs follow this structure, it could create a substantial demand for actual Bitcoins to back the ETF shares,” Green said. Bitcoin’s next halving event is expected to take place in April 2024. The halving event will see the amount of new Bitcoin issued cut in half, increasing its scarcity. Increased demand caused by ETF approval coupled with the limited supply of Bitcoin will lead to a surge in the token’s price, Green said. Matteo Greco, a research analyst at digital asset investment firm Fineqia International, took a less bullish view. He pointed out that Grayscale’s favorable court ruling is just one part of an application process that is still incomplete. “The decision of the court is of course important but doesn’t change anything for now,” Greco said in an emailed statement. “Grayscale obtained the chance of seeing their filing re-evaluated by the SEC as the causes of rejection did not seem fair to the judge,” Greco continued. “It doesn’t mean that now Grayscale will be 100% able to list a spot Bitcoin ETF, nor that this will happen in the future.” Other major U.S. financial institutions including BlackRock, Fidelity, Invesco and WisdomTree have filed their own ETF applications. The SEC is scheduled to rule on each of the applications this week. However, the regulator delayed a decision on Ark Investment Managament’s ETF application in early August and could do so again. Lot of tweets/publications saying things are de-facto pushed out to 2024 for spot #Bitcoin ETFs. Hype for approvals right before halving etc etc. But there's still a bunch of deadlines in 2023 squared off in Green below. PLUS we are waiting on @grayscale & $GBTC court case pic.twitter.com/nTHHxVztw7 — James Seyffart (@JSeyff) August 15, 2023 The total crypto market capitalization fell 1.41% to US$1.09 trillion, and trading volume dropped 38.98% to US$32.02 billion. US data weaker than expected Image: Envato Elements U.S. stock futures edged up as of 08:40 a.m. in Hong Kong. Gains for all three major indexes during regular session trading Wednesday marked a fourth consecutive day of growth. Weaker than expected U.S. economy data has raised hopes that the Federal Reserve will keep interest rates unchanged in its September meeting. Wednesday’s U.S. gross domestic product (GDP) report for the second quarter recorded a lower-than-expected annual growth rate of 2.1%. The figure was down on the 2.4% reported in July. “The downgrade to second-quarter GDP growth will be welcomed by Fed officials and reinforces our expectations for a policy pause in September but the door will remain open to further tightening,” Lydia Boussour, senior economist at New York-based financial strategy firm EY-Parthenon, told Reuters. The Labor Statistics Bureau also reported weaker-than-expected job openings data Tuesday, which stood at 8.82 million compared to the expected 9.46 million. The figure, which is its lowest since March 2021, points to a slowing labor market. Investors now look ahead to the release of July’s personal consumption expenditures (PCE) price index later on Thursday, followed by weekly jobless claims data on Friday. Meanwhile, the main As Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-08-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $531,220,235,669 - Hash Rate: 398153805.8919045 - Transaction Count: 437435.0 - Unique Addresses: 742110.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: According to the latest projection by Future Market Insights (FMI), the market for these wallets is expected to achieve a Compound Annual Growth Rate (CAGR) of 9.3% through 2033. In the rapidly evolving landscape of digital finance, international crypto wallets have emerged as a game-changer, facilitating seamless cross-border transactions. This trend underscores the growing acceptance of cryptocurrencies and the transformative potential they hold for global financial interactions. NEWARK, Del, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Thecrypto wallets marketis predicted to develop at an impressive9.3% CAGRfrom 2023 to 2033, preceding the lower7.2% CAGRwitnessed between 2018 and 2022. This substantial increase reflects the surging demand for crypto wallets, propelling the market value fromUS$ 1,505.9 millionin 2023 to an impressiveUS$ 3,675.4 millionby the end of 2033. Increased adoption of cryptocurrencies leads to a larger user base that requires secure and convenient methods to store and manage digital assets. This drives the demand for crypto wallets as more individuals and businesses seek to participate in the cryptocurrency market. Crypto wallets play a pivotal role in the cryptocurrency market, constituting around 25% of total cryptocurrency sales. They serve as a secure means to store private keys, ensuring safe and reliable transactions with popular digital currencies like Ethereum and Bitcoin. As the value of cryptocurrencies rises, the risk of theft and hacking becomes more significant. Users are willing to invest in wallets that offer robust security measures, such as hardware wallets or multi-factor authentication, to safeguard their assets. This emphasis on security drives the growth of wallets that prioritize user protection. Unlock Your Success Now:GetYour Sample Report andmake huge stridesinthe Crypto Wallets Market withexponentialgrowth:https://www.futuremarketinsights.com/reports/sample/rep-gb-14198 These wallets can be categorized into two main types: cold wallets, which include hardware and paper wallets providing offline storage, and hot wallets, encompassing desktop, web, and mobile wallets, offering convenient online transaction access. These diverse wallet options offer users various levels of security and accessibility to meet their individual needs. As the number of cryptocurrencies and blockchain networks grows, users seek wallets that can handle multiple assets and provide seamless cross-chain capabilities. Wallets that offer interoperability become more attractive to users, resulting in increased demand and market growth. Key Takeaways from thisMarket: • In the United States, the burgeoning interest in cryptocurrencies and the nation's position as a global financial hub have propelled its crypto wallets market to remarkable heights. In 2022, the United States accounted for an impressive 18.4% global market share. As the adoption of digital assets gains momentum and crypto-friendly regulations continue to develop, the country is poised to maintain its significant market presence and foster further growth in the crypto wallet industry. • India's crypto wallet industry is poised to experience substantial growth, projecting a CAGR of 12.3% by 2033. This surge comes as the country embraces digital currencies and integrates them across diverse industries, fostering increased acceptance nationwide. • The United Kingdom's cryptocurrency wallets industry is expected to grow steadily, with a projected CAGR of 10.1% by 2033. This growth is driven by the growing acceptance of cryptocurrencies and the escalating demand for secure and user-friendly storage solutions. • The China crypto wallet industry is set to experience substantial growth, with a projected CAGR of 8.3% through 2033. This surge is fueled by the government's growing adoption of blockchain technology and the increasing interest in digital assets among investors in the country. As these factors converge, the country's crypto wallet market is expected to witness significant expansion in the coming years. • As Australia navigates the legal environment and gradually integrates cryptocurrencies into its financial ecosystem, the crypto wallets industry is expected to develop at a moderate CAGR of 2.5% by 2033. This growth rate reflects the country's cautious approach toward digital assets while still acknowledging the potential for gradual expansion in the crypto wallet industry. • Japan's crypto wallets market accounted for a notable 3.8% market share in 2022, and this trend is expected to continue upward. The tech-savvy population of Japan and the increasing integration of cryptocurrencies into traditional financial services are predicted to drive significant growth in the crypto wallet industry. Customize Your Report by Selecting Specific Countries or Regions and Save up to 30%!https://www.futuremarketinsights.com/customization-available/rep-gb-14198 Competitive Landscape: Well-known cryptocurrency exchanges, tech behemoths, financial institutions, and specialty wallet providers are some of the key participants in the crypto wallets market. To provide their users with a full platform, well-known exchanges like Coinbase, Binance, and Kraken have expanded into the wallet service market. While this is going on, tech behemoths like Samsung and HTC have added crypto wallet functionality to their smartphones, broadening the market's appeal. On the other side, startups emphasize innovation and niche markets, intending to offer distinctive and specialized wallet solutions that cater to certain customer needs. They frequently highlight improved security features, decentralized storage, and user-friendly interfaces to set themselves apart from their competitors. Top 10 Key Playersare: 1. Gemini Trust Company LLC. 2. BitGo 3. Binance 4. BitMEX 5. Breadwinner AG (BRD) 6. Trezor 7. BitPay 8. Ledger SAS 9. Bittrex Global 10. Exodus Recent Developments: • In June 2023, Ledger, a cryptocurrency custody firm based in Paris, revealed the introduction of Ledger Enterprise Tradelink. This innovative trading system is designed to be secure and compliant with regulations, catering specifically to institutional investors. The primary objective of Ledger's new platform is to minimize third-party risk for users. It achieves this by enabling enterprise-level investors to establish a personalized interconnected network, incorporating custodians and exchanges. • In June 2022, KuCoin, the cryptocurrency trading platform, ventured into the Web3 domain by introducing its decentralized wallet. With this new feature, KuCoin wallet users gain the ability to engage in a range of activities, such as purchasing, selling, and trading, as well as sending and receiving various cryptocurrencies, among them Bitcoin (BTC), Ether (ETH), Tether (USDT), and other similar tokens. Ask Our Industry Experts to Access a Comprehensive Market Share Analysis of Top Key Players:https://www.futuremarketinsights.com/ask-question/rep-gb-14198 Segmentation Analysis: By Type: • HotDesktopWebMobile • ColdHardwarePaper By Application: • E-commerce and Retail • Peer-to-Peer Payments • Trading • Remittance By Industry: • Retail Industry • BFSI • Automotive • Telecommunication • Media and Entertainment • Others By Region: • North America • Latin America • Europe • East Asia • South Asia & Pacific • Middle East and Africa (MEA) Have a Look at the Related Reports of the Technology Domain: Cryptojacking Solution Market Size: According to Future Market Insights, the cryptojacking solutions market will grow from US$ 17.02 billion in 2023 to US$ 64.87 billion in 2033. According to forecasts, the market will grow at a CAGR of 14.2% during the forecast period. Crypto APIs Market Share: Crypto APIs solutions sales in the region are projected to exhibit a 22.8% CAGR and a total market size of US$ 5,569.6 Million by 2033. Crypto Trading Platform Market Trends: The global demand for crypto trading platforms is expected to rise 14% per year to US$ 36.5 billion by 2022. Crypto Tax Software Market Growth: The crypto tax software revenue totaled US$ 133.6 Million in 2021. The crypto tax software market is expected to reach US$ 492.2 Million by 2032, exhibiting growth at 12.7% CAGR between 2022 and 2032. Crypto Payment Gateways Market Demand: According to Future Market Insights research, during the projected period, the Global Crypto Payments market is expected to grow at a CAGR of 14.1%. The market value is projected to increase from US$ 1,294.1 Million in 2023 to US$ 4,853.8 Million by 2033. Private Cloud Services Market Type: The global private cloud services market is forecasted to value at US$ 405.30 billion by 2033, up from US$ 92.64 billion in 2023. As per the market reports, the private cloud services market share is advancing at a CAGR of 15.8% during the forecast period. Application Development and Modernization (ADM) Market Analysis: The global application development and modernization (ADM) market is likely to garner a revenue of about US$ 40,694.1 million by 2033, up from US$ 13,180.9 million in 2023 advancing at a rapid CAGR of 11.9% during the forecast period. Automotive Business Process Management Market Forecast: The global automotive business process management market is anticipated to be valued at US$ 2,497.9 million in 2023 and is forecast to record a CAGR of 11.3% to be valued at US$ 7,308.3 million from 2023 to 2033. No-code AI Platform Market Overview: The global no-code AI platform market is projected to reach a valuation of US$ 4,094.7 million in 2023. The no-code AI platform market is expected to reach US$ 49,481.0 million by 2033 and exhibit growth at a CAGR of 28.3% from 2023 to 2033. Aerospace Head Up Display Market Outlook: The global aerospace head-up display market is likely to cross US$ 2,149.6 million in 2023 and is predicted to secure a fast-paced CAGR of 16.1% during the forecast period. The market is expected to record a value of US$ 9,580.2 million by 2033. About Future Market Ins... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin, Ether and most top ten non-stablecoin cryptocurrencies dropped Friday morning in Asia. At a touch above US$26,000, Bitcoin has traced back most of the gains triggered by Tuesday’s favorable U.S. court ruling for Grayscale Investments in its Bitcoin ETF case against the SEC. Equity futures in the U.S. were little changed following a mixed session Thursday. The personal consumption expenditures (PCE) index moved higher as consumers continue to spend. Investors expect today’s U.S. payroll report for August to shed more light on coming interest rate policy.\nBitcoin dropped 4.42% over the last 24 hours to US$26,042.84 as of 07:00 a.m. in Hong Kong. The token is down 0.26% for the week, according to CoinMarketCapdata.\nBitcoin’s value fell along with other cryptocurrencies after the U.S. Securities and Exchange Commission announced Thursday it willdelayseven spot Bitcoin exchange traded fund applications until October. Some of the world’s largest asset managers including BlackRock, WisdomTree, and VanEck are among those waiting on the SEC for ETF approval.\n“The move is very clear; the pump we had from Grayscale-SEC news is now faded,” Benjamin Stani, director of business development at Hong Kong-based digital asset broker Matrixport, said in a text message.\nThe market, Stani added, “was hoping that after Grayscale, there [would be] a path forward and had some analysts up the probability of a spot ETF approval before the year-end — but it looks like not so soon.”\nEther dipped 3.15% to US$1,648.76 over the past 24 hours for a weekly loss of 0.33%.\n“The current technical signals for Ethereum appear to be undergoing a period of mixed trends across different time frames,” Rachael Lucas, crypto technical analyst at BTC Markets, toldForkastvia text message.\nEther market data shows the token is on track to form a so-called “death cross” — “a development often viewed with caution by market participants,” Lucas said. The cross, which occurs when the short-term average falls below the long-term trend, is generally a sign of further losses ahead. Currently, the short-term 50-day average stands at 1808.3, while the 200-day average is at 1802.9, according toTradingView.\nLucas said that Ether has stepped into a negative territory in a weekly timeframe, which may lead to a short-term pullback. “It’s essential to consider these movements in the context of broader market dynamics, as the cryptocurrency space can be characterized by rapid price shifts,” Lucas explained.\nMost other top ten non-stablecoin cryptos posted losses, with Solana’s SOL leading the losers. It dipped 5.07% to US$19.81, its lowest level in over six weeks. On Monday, Clockwork — a Solana-based automation network for smart contracts —shut down. Its founder Nick Garfield said he saw “limited commercial upside” in the project.\nMeanwhile, a U.S. court hasdismisseda class action lawsuit filed against a group of five companies including decentralized trading platform Uniswap Labs. Plaintiffs claimed they were victims of a rugpull involving scam tokens on the Uniswap cryptocurrency exchange and are entitled to compensation.\nThe courtruledthat the defendants are not responsible for those losses. Presiding Judge Katherine Polk Failla said “due to the Protocol’s decentralized nature, the identities of the scam token issuers are basically unknown and unknowable.”\nCrypto commentators interpret the ruling as a victory for decentralized finance with wide reaching implications for the industry.\n“I believe that what happened in the case against Uniswap Labs could be the first steps in clarifying the legal and regulatory environment for DeFi applications and could make investors’ concerns about sudden lawsuits and actions by regulators less and make them more predictable,” wrote Samer Hasn, market analyst for online brokerage XS.com.\n“On the other hand, this measure, and other similar possible measures, if taken in the future, may restrict investors’ confidence in these applications due to the inability to regulate them and enforce the law on them,” Hasn added.\nThe total crypto market capitalization fell 3.46% to US$1.05 trillion, while trading volume gained 16.61% to US$37.31 billion.\nU.S. stock futures were little changed as of 10:15 a.m. in Hong Kong after a mixed regular session for the three major indexes during Thursday’s regular trading hours.\nThursday’sreleaseof the Personal Consumption Expenditures Price Index for July showed that U.S. consumer spending grew by the biggest margin in six months. However,othereconomic indicators point to a slowing of the economy, with experts predicting a halt to interest rate hikes by the U.S. Federal Reserve in September.\n“The PCE is being keenly watched as investors were cheered earlier in the week by the weaker-than-expected payrolls data and annual gross domestic product growth forecast – both of which strongly make the case that the Federal Reserve must now stop its most aggressive tightening campaign in decades,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an email statement.\nThe Fed raised its interest rate to between 5.25% and 5.50% in July, the highest level in 22 years. The CME FedWatch Toolpredictsan 88.0% chance that the central bank will maintain the current rate at the next meeting in September, up from 81.0% a week ago.\nInvestors now look to Friday’s release of the U.S. jobs report for August released later on Friday, adding to last month’s labor market slowdown.\n“Job openings are falling, and American workers are more reluctant to leave their positions right now,” Andrew Challenger, senior vice president of Chicago-based outplacement firm Challenger, Gray & Christmas,toldCNN. He added that the market is seeing a reset after a post-coronavirus hiring frenzy.\nMeanwhile, the main Asia equity indexes were mixed. China’s SSE Composite, Japan’s Nikkei 225 and South Korea’s Kospi moved up while Hong Kong’s Hang Seng Index fell.\nOn Thursday, Chinaloweredthe minimum down payment for homebuyers in its largest cities in an effort to boost the country’s slowing housing market. The nationwide minimum downpayment will be set at 20% for first-time buyers and 30% for second-timers, effective Sep. 25.\nChina is facing a crisis in its real estate sector following the downfall of the Evergrande Group. The nation’s non-manufacturing purchasing managers’indexreleased Thursday hit a yearly low. The news has led to more caution in global equities as traders assess a slowdown in the world’s second largest economy.\n“The conventional wisdom seems to be flipping from a concern with the unstoppable rise of Chinese power to a worry about the irrevocable decline of China’s economy and population,” Richard Fontaine, CEO of Washington-based Center for a New American Security,toldBloomberg.\n(Updates to add quotes from Rachael Lucas)', 'Bitcoin, Ether and most top ten non-stablecoin cryptocurrencies dropped Friday morning in Asia. At a touch above US$26,000, Bitcoin has traced back most of the gains triggered by Tuesday’s favorable U.S. court ruling for Grayscale Investments in its Bitcoin ETF case against the SEC. Equity futures in the U.S. were little changed following a mixed session Thursday. The personal consumption expenditures (PCE) index moved higher as consumers continue to spend. Investors expect today’s U.S. payroll report for August to shed more light on coming interest rate policy. Crypto s down as SEC delays more ETF decisions Bitcoin dropped 4.42% over the last 24 hours to US$26,042.84 as of 07:00 a.m. in Hong Kong. The token is down 0.26% for the week, according to CoinMarketCap data . Bitcoin’s value fell along with other cryptocurrencies after the U.S. Securities and Exchange Commission announced Thursday it will delay seven spot Bitcoin exchange traded fund applications until October. Some of the world’s largest asset managers including BlackRock, WisdomTree, and VanEck are among those waiting on the SEC for ETF approval. “The move is very clear; the pump we had from Grayscale-SEC news is now faded,” Benjamin Stani, director of business development at Hong Kong-based digital asset broker Matrixport, said in a text message. The market, Stani added, “was hoping that after Grayscale, there [would be] a path forward and had some analysts up the probability of a spot ETF approval before the year-end — but it looks like not so soon.” Ether dipped 3.15% to US$1,648.76 over the past 24 hours for a weekly loss of 0.33%. “The current technical signals for Ethereum appear to be undergoing a period of mixed trends across different time frames,” Rachael Lucas, crypto technical analyst at BTC Markets, told Forkast via text message. Ether market data shows the token is on track to form a so-called “death cross” — “a development often viewed with caution by market participants,” Lucas said. The cross, which occurs when the short-term average falls below the long-term trend, is generally a sign of further losses ahead. Currently, the short-term 50-day average stands at 1808.3, while the 200-day average is at 1802.9, according to TradingView . Story continues Lucas said that Ether has stepped into a negative territory in a weekly timeframe, which may lead to a short-term pullback. “It’s essential to consider these movements in the context of broader market dynamics, as the cryptocurrency space can be characterized by rapid price shifts,” Lucas explained. Most other top ten non-stablecoin cryptos posted losses, with Solana’s SOL leading the losers. It dipped 5.07% to US$19.81, its lowest level in over six weeks. On Monday, Clockwork — a Solana-based automation network for smart contracts — shut down . Its founder Nick Garfield said he saw “limited commercial upside” in the project. Ultimately the reason we are stepping away now is simple opportunity cost. We admittedly see limited commercial upside in continuing to develop the protocol, and have a growing personal interes Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $506,490,941,812 - Hash Rate: 417508504.7894277 - Transaction Count: 419548.0 - Unique Addresses: 769950.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Stablecoin issuer Tether said that it will discontinue support for Omni, a Bitcoin layer used for USDT transfers since 2014. Tether will also relinquish support for Kusama (KSM) and Bitcoin Cash (BCH) SLP implementations, according to the announcement . Omni is a software layer built on top of the Bitcoin blockchain. It was designed to enhance the features of the Bitcoin blockchain by providing smart contract capabilities. "Over the years, the Omni Layer faced challenges due to the lack of popular tokens and the availability of USDT on other blockchains. This led many exchanges to favor alternative transport layers, leading to a decline in USDT usage on Bitcoin using the Omni Layer," Tether said in the announcement. Tether is the largest stablecoin with a market cap of $82 billion, of which $240 million worth of tokens are issued on the Omni layer while $1.4 million and $980,000 are issued on Kusama and Bitcoin Cash respectively, according to Tether's transparency report . The stablecoin provider will stop issuing USDT on Omni, Kusama and Bitcoin Cash from Aug. 17, while redemptions will continue for the next 12 months. The price of tether has slumped by 0.12% over the past 24 hours as it trades at $0.998, according to CoinDesk data . View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['EDMONTON, Alberta, Sept. 01, 2023 (GLOBE NEWSWIRE) --Bitcoin Well Inc.(“Bitcoin Well” or the “Company”) (TSXV:BTCW; OTCQB:BCNWF), the non-custodial fintech business which future-proofs money by making bitcoin useful to everyday people, is pleased to announce it has closed a non-brokered private placement offering (the “Offering”) of 23,291,985 units of Bitcoin Well (the “Units”) at a price of $0.06 per Unit for aggregate gross proceeds of $1,397,519.24. Each Unit is comprised of one common share in the Company (each, a “Common Share” and collectively “Common Shares”) and one common share purchase warrant (each, a “Warrant” and collectively “Warrants”) exercisable into one Common Share at a price of $0.18 per share for a period of three years from closing.\nThe Offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 –Prospectus Exemptions(the “LIFE Exemption”). Any securities issued under the LIFE Exemption are not subject to a hold period in accordance with applicable Canadian securities laws. The proceeds of the Offering will be used to improve cashflow, pay certain outstanding liabilities and for general working capital purposes. No finder’s fee was paid in connection with the Offering.\nIf, during a period of 10 consecutive trading days between the applicable closing date and the expiry of the Warrants, the daily volume-weighted average trading price of the Common Shares on the TSX Venture Exchange (or such other stock exchange where the majority of the trading volume occurs) exceeds $0.36 for each of those 10 consecutive days, the Company may, within 30 days of such an occurrence, give written notice to the holders, following which notice the holders of the Warrants will have 30 days to exercise their Warrants.\nPursuant to the Offering, Adam O’Brien acquired control over 2,880,000 Units. Prior to the Offering, Mr. O’Brien exercised control over 81,204,904 Common Shares, representing 46.3% of the issued and outstanding Common Shares on an undiluted basis (47.1% on a partially-diluted basis). Following the Offering, Mr. O’Brien exercises control over 84,084,904 Common Shares, representing 42.3% of the issued and outstanding Common Shares on an undiluted basis (43.9% on a partially-diluted basis). Mr. O’Brien currently does not have any plan to acquire or dispose of additional securities of the Company. However, Mr. O’Brien may acquire additional securities of the Company, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position, depending on market conditions, reformulation of plans or other relevant factors.\nPursuant to the Offering, Terry Rhode acquired control over 9,356,887 Units. Prior to the Offering, Mr. Rhode exercised control over 5,178,000 Common Shares, representing 2.9% of the issued and outstanding Common Shares on an undiluted basis (3.5% on a partially-diluted basis). Following the Offering, Mr. Rhode exercises control over 14,534,887 Common Shares, representing 7.3% of the issued and outstanding Common Shares on an undiluted basis (11.9% on a partially-diluted basis). Mr. Rhode currently does not have any plan to acquire or dispose of additional securities of the Company. However, Mr. Rhode may acquire additional securities of the Company, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position, depending on market conditions, reformulation of plans or other relevant factors.\nThe foregoing disclosure is being disseminated pursuant to National Instrument 62-103 –The Early Warning System and Related Take-Over Bid and Insider Reporting. Copies of the early warning reports with respect to the foregoing will appear on the Company’s SEDAR profile at www.sedarplus.ca and may also be obtained by contacting the Company at 1 888 711 3866 [email protected].\nThe Company further announces that it has entered into amending agreements (“Amending Agreements”) to amend the terms of certain agreements pursuant to which certain insiders and arm’s length parties loaned bitcoin and ETH to the Company in consideration for interest payments at market rates.\nThe Offering and certain of the Amending Agreements are considered related party transactions under Multilateral Instrument 61-101 –Protection of Minority Security Holders in Special Transactions(“MI 61-101”) because of the participation of certain directors and officers of Bitcoin Well. These transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the Units subscribed for by related parties, the prepaid interest payments to related parties, or the consideration paid therefor does not exceed 25% of the Company’s market capitalization.\nAbout Bitcoin Well\nBitcoin Well is in the business of future-proofing money. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. Our existing Bitcoin ATM business unit drives cash-flow to help fund this mission.\nJoin ourinvestor communityand follow us onNostr,LinkedIn,TwitterandYouTubeto keep up to date with our business.\nBitcoin Well contact information\nTo book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link:https://bitcoinwell.com/meet-adam\nFor additional investor & media information, please contact:Tel: 1 888 711 [email protected]\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nForward-looking informationCertain statements contained in this news release may constitute forward-looking statements or forward-looking information (collectively, “forward-looking information”). Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions.All statements herein other than statements of historical fact constitute forward-looking information, including but not limited to statements in respect of: final approval of the Offering by the TSX Venture Exchange; and Bitcoin Well’s business plans and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.\nBitcoin Well’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, inability to obtain final TSX Venture Exchange approval, competitive factors in the industries in which Bitcoin Well operates, prevailing economic conditions, and other factors, many of which are beyond the control of Bitcoin Well.\nBitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to becorrectand such forward-looking information should not be unduly relied upon.\nAny forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.\nFor more information, see the Cautionary Note Regarding Forward Looking Information found in the Bitcoin Well quarterly Management Discussion and Analysis.', 'EDMONTON, Alberta, Sept. 01, 2023 (GLOBE NEWSWIRE) --Bitcoin Well Inc.(“Bitcoin Well” or the “Company”) (TSXV:BTCW; OTCQB:BCNWF), the non-custodial fintech business which future-proofs money by making bitcoin useful to everyday people, is pleased to announce it has closed a non-brokered private placement offering (the “Offering”) of 23,291,985 units of Bitcoin Well (the “Units”) at a price of $0.06 per Unit for aggregate gross proceeds of $1,397,519.24. Each Unit is comprised of one common share in the Company (each, a “Common Share” and collectively “Common Shares”) and one common share purchase warrant (each, a “Warrant” and collectively “Warrants”) exercisable into one Common Share at a price of $0.18 per share for a period of three years from closing.\nThe Offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 –Prospectus Exemptions(the “LIFE Exemption”). Any securities issued under the LIFE Exemption are not subject to a hold period in accordance with applicable Canadian securities laws. The proceeds of the Offering will be used to improve cashflow, pay certain outstanding liabilities and for general working capital purposes. No finder’s fee was paid in connection with the Offering.\nIf, during a period of 10 consecutive trading days between the applicable closing date and the expiry of the Warrants, the daily volume-weighted average trading price of the Common Shares on the TSX Venture Exchange (or such other stock exchange where the majority of the trading volume occurs) exceeds $0.36 for each of those 10 consecutive days, the Company may, within 30 days of such an occurrence, give written notice to the holders, following which notice the holders of the Warrants will have 30 days to exercise their Warrants.\nPursuant to the Offering, Adam O’Brien acquired control over 2,880,000 Units. Prior to the Offering, Mr. O’Brien exercised control over 81,204,904 Common Shares, representing 46.3% of the issued and outstanding Common Shares on an undiluted basis (47.1% on a partially-diluted basis). Following the Offering, Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $504,446,840,244 - Hash Rate: 420273461.77478814 - Transaction Count: 539748.0 - Unique Addresses: 774348.0 Social & AI Sentiment: - Fear & Greed Index: 0.39 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City. Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2023 in New York City. Spencer Platt/Getty Images US stocks traded mixed Friday, with the Dow capping off a 10-day winning streak. It's the longest run of gains for the index since August 2017. Next week investors will be watching big earnings from Microsoft and Meta, as well as a Fed meeting. US stocks traded mixed on Friday, with the Dow Jones Industrial Average eking out a gain to cap off a 10-day winning streak, its longest stretch in the green since August 2017. To close the week, American Express, oil firm Schlumberger, and advertising company Interpublic Group all reported earnings. More than 70% of the companies that have reported so far have beat expectations, according to FactSet data. Meanwhile, investors will be watching to see what policymakers announce at next week's Federal Reserve meeting. Many strategists expect a 0.25% interest rate hike, following last month's "skip." A quarter-point hike to the 5.25%-5.50% range would "more than likely mark the end of a historic tightening cycle," EY Chief Economist Gregory Daco wrote in a note Friday. "But those expecting a fanfare will be disappointed as the Fed will make every (too many) efforts to sound as hawkish as tolerable for financial markets, to avoid an undesired easing of financial conditions." Here's where US indexes stood as the market closed 4:00 p.m. on Friday: S&P 500 : 4,536.32, up 0.03% Dow Jones Industrial Average : 35,228.48, up 0.01% (3.30 points) Nasdaq Composite : 14,032.81, down 0.22% Here's what else is going on: One of Wall Street's favorite chipmakers has seen its value tumble this week. There are three ways the Barbie movie could drive upside for Mattel stock. Robert Shiller says the decade-long rally in home prices could end when the Fed stops its hiking cycle. There are signs that housing could see some good news on the horizon. These indicators suggest the stock market isn't as stretched as it might seem. 'Shark Tank' star Kevin O'Leary sounded off on Bidenomics and the S&P 500. Story continues In commodities, bonds, and crypto: Oil prices climbed, with West Texas Intermediate up 1.7% to $76.92 a barrel. Brent crude , the international benchmark, inched higher 1.6% to $80.88 a barrel. Gold edged lower 0.3% to $1,964.20 per ounce. The 10-year Treasury yield dipped one basis points to 3.835% Bitcoin moved higher 0.48% to $29,865.73 Read the original article on Business Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The team in bright orange, a skull and crossbones on their chests, walked onto the field of play, their anthem\xa0 —“Know Your Enemy”by U.S. rap metal band Rage Against the Machine — drowning out the cheers of the 150 or so fans in attendance.\nIt was a suitably rock-n-roll start to a first round cup game for Real Bedford, the world’s first Bitcoin-funded football team. The club, based in Bedford, a market town with a population of 170,000 in Bedfordshire, England, is the passion project of local owner and Bitcoin evangelist Peter McCormack.\nThe host of the “What Bitcoin Did” podcast — a Bitcoin-based current affairs show that positions the cryptocurrency as a remedy for socioeconomic issues such as rising inflation and state debt — spoke animatedly on the day of the match about the changes the club has seen under his ownership, and the role that Bitcoin has played in it.\n“Teams should care about something,” he said. “Every club has a history of where it came from. It’s usually the community they were in.” His ownership has brought with it the international reach and decentralized philosophy of Bitcoin — a “global community that cares about hard working people not having the fruits of their labor debased by government mismanagement of money,” he added.\nBut financial reliance on a cryptocurrency brings with it certain complications — including market volatility and industry implosions beyond the Real Bedford owner’s control.\nMcCormack completed the purchase of Real Bedford — a South Midlands Division One side then known as Bedford FC — in April 2022 on the back of various business ventures linked to Bitcoin. He said at the time of the takeover that, with Bitcoin-backed financing, he wants to put the club in a position to rise nine tiers to the Premier League — the pinnacle of English football.\nHe started the process of buying the club in December 2021, near the peak of the last crypto bull market. But in March 2022, the U.S. Federal Reserve began raising interest rates. Then in May that year, stablecoin platform Terra-Luna collapsed, followed by the FTX cryptocurrency exchange in November. A bear market mentality settled over the crypto industry as investors shied away from riskier assets, including Bitcoin. Prices dropped, while over US$2 trillion was wiped off the wider market.\nFrom a high of almost US$70,000, Bitcoin’s price plummeted to less than US$16,000 by the end of 2022. While it recovered some of that ground to trade within the US$26,000 range as of early September, analysts expect macroeconomic concerns to continue to weigh on the token’s price — at least in the short term.\n“The main headwind for crypto is rising real interest rates,” said Samuel Lee, founder of U.S.-based SVRN Asset Management, an investment advisory firm. “It’s unlikely we’ll see a sustained resurgence until interest rates drop back down again and people forget about the trauma and folly of the last bubble.”\nCould an extended period of crypto winter combined with further declines in the price of Bitcoin impact Real Bedford?\n“That doesn’t worry me because I fundamentally believe there’s a far higher chance of the pound failing than Bitcoin,” McCormack said. “I think a more important question is: is the club sustainable if we don’t keep winning?”\nAs the referee blew his whistle for the start of last week’s game at McMullen Park, the realities of ninth-tier English football set in. With the music off, the fans quietened down, their cheers replaced by the sound of the wind blowing through the trees lining the ground and a motorway running opposite. It was a long way from the glamor of the Premier League.\n“Bedford isn’t really known for anything,” said McCormack, 44, who has lived in the town most of his life. “If a tourist comes to the U.K., most people go to London or Manchester or Bath. There’s no reason to come to Bedford.”\nMark Anderson, a local software engineer who volunteers at the club on Saturdays, was more direct. “Bedfordshire is basically the arse-end of the nice bits,” he said, referring to the county’s location north of Greater London on the periphery of some of Britain’s most desirable real estate.\nBut it is McCormack’s connection to the local area, the Real Bedford owner said, that gives him an advantage over other sporting ownership models backed by digital assets.\n“This has meaning to me because it’s my town,” he said. “It’s the most important thing I’m doing. The town of Bedford should have a team in the Football League.”\nHe pointed to fourth-tier English football team Crawley Town —boughtby U.S. crypto consortium WAGMI United in April 2022 — as an example of an ownership model without a link to the local community. WAGMI, like McCormack, promised to take the club to the pinnacle of English football. But rather than Bitcoin, they planned to use sales of non-fungible tokens (NFTs) to build Crawley’s brand and establish an international fan base.\nThe project got off to a promising start, earning £3.5 million (US$4.4 million) from its first NFT drop. But against the backdrop of last year’s turbulence in the crypto market, the new owners became increasingly involved in day-to-day footballing operations — including abrief stinton the coach’s bench for co-owner Preston Johnson. The club went into a tailspin, suffering itsworst finishin twelve years in the football league and narrowly avoiding relegation.\nWhile WAGMI United didn’t respond to a request for comment, Reuben Watt, Chair of the Crawley Town Supporters Alliance, said that by the end of last season, confidence in the group’s ownership was at an “all-time low.” He worried that the owners had consistently focused on pleasing NFT holders over local fans.\nConcern among fans appears to have sunk in. WAGMIappointed Sam Jordan, a member of the Supporter’s Alliance, to the board of directors in August.\n“I think the appointment of Sam to the club’s board is a huge turning point for the club,” said Watt. “Had WAGMI got in someone with knowledge of English football straight away and put a fan on the board, then we would’ve been in a better situation.”\nMcCormack didn’t hold back in his criticism of the Crawley owners. “I think they bought it as a toy,” he said. “They bought a toy under the hype, probably watched a bunch of Ted Lasso and got excited. They’ve done a terrible job.”\nHe also identified issues with the WAGMI group’s association with crypto assets like meme coins and NFTs — which are fundamentally different, he said, to Bitcoin — as another flaw in its business model.\n“They basically want to just get people to buy crap that will lose value — which has been proven historically — whereas for us, Bitcoin is a monetary asset,” he said.\n“This war we see between Bitcoin and crypto is reflected in the ethos of how we run our clubs. Bitcoin is in our DNA, but we’re also about building that feeling around the town that this is a community thing,” he added.\nLast season, Real Bedford won its division at a canter, earning promotion to the South Midlands Premier Division. Much of the financing behind that run came from large-scale sponsorship. The club has partnership agreements with a host of Bitcoin companies, including Iris Energy, a sustainable Bitcoin mining firm; Galaxy, a crypto firm dealing in corporate finance; and Gemini, a cryptocurrency exchange.\nAccording to the club’srecords, sponsorship provided £387,900 (US$491,000) out of the club’s £549,507 (US$696,000) revenue in the 22/23 season — a significant amount given that ninth-tier clubs typically only have sponsorship deals in the four to five figure range.\nThe revenue brought in through tie-ups with the likes of Gemini — who, according to a spokesperson, view the Real Bedford partnership as a form of Bitcoin-backed community building — allows the club to make improvements to its facilities and player welfare in a way unmatched by the league’s other teams.\nAnd while the sponsorship revenue gives the club a huge advantage in its ability to attract players, the Bitcoin connection also acts as a magnet for attracting supporters from further afield — football fans who may not otherwise have chosen Bedford as a place to spend their Saturday afternoons.\n“Over the last year, over 100 people have come in from other countries to watch the games here,” McCormack says. “We had 12 come in from Slovakia! That’s insane! And they’re spending money in the hotels, in the bars, in the restaurants — that money supports our local economy.”\nThe 256% rise in matchday attendances since the takeover has put a strain on facilities unready for the increased level of interest. The club were averaging just 40 attendees per week when McCormack took over, whereas CEO Emma Firman wrote in the week’s program notes that the club is now working with local businesses to expand its designated parking for the game.\n“Our match days are getting busier, which is exciting for everyone here at the club as more people recognise our exciting project at McMullen Park,” she wrote.\nBut for all the club’s progress, the club’s ownership model is reliant on Bitcoin-affiliated sponsors impacted by the ongoing bear market.\nThe club still sits five rungs below McCormack’s medium-term target of the Football League — tiers 2 to 4 — where budgets of newly promoted sides are £1-3 million. Getting there will require sustained success for the next half-decade — not just for the team, but for Bitcoin-backed sponsors who will have to weather any further market volatility and declines in the token’s price.\nCompanies across the sector have been forced to push throughlarge-scale layoffsover the past year, with Real Bedford’s main sponsor Gemini undergoingthree consecutive rounds of job cutsbetween July 2022 and January 2023. Their spending on TV and digital advertisements alonefell from US$3.8 million to US$478,000between May and November 2022, according to the Wall Street Journal.\n“Crypto sponsor’s rich marketing budgets depended on the huge Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $505,011,897,406 - Hash Rate: 436863203.68695074 - Transaction Count: 625257.0 - Unique Addresses: 696368.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Illustration by Mitchell Preffer for Decrypt The prices of Bitcoin and Ethereum this week remained trapped in amber due to a dearth of both adoption or regulation stories. The week also saw the launch of Meta’s Threads, an Instagram-based microblogging site that looks suspiciously like Twitter. Don’t expect to see This Week on Crypto Threads just yet, however. In spite of the mass onboarding (ten million users in a few hours), Twitter will probably remain the Cryptoverse’s platform of choice for the foreseeable future. The week began with a DAO hack that severely disrupted the NFT market. Azuki DAO was formed by disgruntled Azuki NFT holders who banded together to coordinate a lawsuit demanding a $38 million refund from the Azuki’s creator, Chiru Labs, after its most recent release appeared to shamelessly plagiarize the original collection and do even better. The DAO itself was exploited for tens of thousands of dollars and appeared to have a knock-on effect on Yuga Labs’s iconic blue chip Bored Ape and Mutant Ape Yacht Club NFT collections, tweeted blockchain journalist Colin Wu. Affected by the Azuki incident, the NFT market fell sharply again in the past 24h. BAYC fell 16% and fell below 30 ETH, MAYC fell 20% and fell below 5 ETH, and Azuki fell 11% and fell below 6 ETH. The overall market value of the NFT market has fallen by 53% to 3.33million ETH in… — Wu Blockchain (@WuBlockchain) July 3, 2023 Beeple, the digital artist who currently holds the record for the most expensive NFT sold at auction— $69.3 million for his 10,000 Days collection—resurfaced in a headline in The Art newspaper. He donated a censored NFT of disgraced former FTX CEO Sam Bankman-Fried having an orgy with himself to an Italian art gallery. Molto bene! The artist @beeple has donated a "censored" NFT work starring the disgraced crypto entrepreneur Sam Bankman-Fried to an Italian museum @rivolicast https://t.co/HjYrb8c1OI — The Art Newspaper (@TheArtNewspaper) July 3, 2023 The Twitter account for crypto trading platform Bitfinex was seen dispensing some serious hopium on Monday. Story continues 🧵 The current #BTC 30-31k level is critical. This zone served as a rebound point in Jan 2021 after a 35% depreciation, leading to the $64,800 peak. https://t.co/wtjPwPhal9 — Bitfinex (@bitfinex) July 3, 2023 The next day, Gemini co-founder Cameron Winklevoss shared an open letter to Digital Currency Group CEO Barry Silbert who, according to Winklevoss, owes users of Gemini’s Earn program around a billion dollars. This feud has appeared in our Twitter roundup before , but this week Winklevoss channeled it into its logical conclusion: the courtroom. He warned Silbert about it three days in advance. Earn Update: An Open Letter to @BarrySilbert pic.twitter.com/ErsYpcEjQD — Cameron Winklevoss (@cameron) July 4, 2023 Silbert may have just put his head in the sand, because it appears he didn’t respond to Winklevoss’s offer to negotiate. On Friday, Winklevoss posted a lengthy lawsuit thread with screenshots of his filing, alleging some very underhand stalling tactics on Silbert’s part. 1/ Today, @Gemini filed a lawsuit against @DCGco and @BarrySilbert personally in New York court. Barry was not only the architect and mastermind of the DCG and Genesis fraud against creditors, he was directly and personally involved in perpetrating it. — Cameron Winklevoss (@cameron) July 7, 2023 Billionaire Shark Tank star, Dallas Mavericks owner, and high-profile crypto fan Mark Cuban jumped on a thread by crypto skeptic lawyer John Reed Stark in order to praise Japan’s regulatory approach to crypto. The pair exchanged essays; Stark replied : “To me, crypto is not innovation – it’s mathematical computational blather typically dressed up by trickery and marketing theater.” You should read up on how Japan deals with regulation. https://t.co/yHCVwZAqvG When FTX crashed, NO ONE IN FTX JAPAN LOST MONEY. If the USA/SEC had followed their example by setting clear regulations that required the separation of customer and business funds and clear… https://t.co/Msvn9o9PCU — Mark Cuban (@mcuban) July 4, 2023 On Friday, Binance CEO Changpeng Zhao was swatting away rumors that his workforce was shrinking. The exchange and its CEO was recently sued by the SEC for alleged securities violations. 4. More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong. As an organization that has grown from 30 to 8000 people in 6 years, from 0 to the world’s largest crypto exchange in less than 5 months… — CZ 🔶 Binance (@cz_binance) July 6, 2023 That day, Polygon Labs’ president Ryan Wyatt announced he’s leaving his position at the end of the month, but he’s staying adjacent to both the industry and Polygon. It's bittersweet to share I am leaving @0xPolygonLabs at the end of the month! @0xMarcB , our Chief Legal Officer, will be stepping up & leading working closely with @sandeepnailwal ! For me, I'll be advising Polygon, investing, & staying in the industry! More to come later. pic.twitter.com/ssPaY79oRc — Ryan Wyatt (@Fwiz) July 7, 2023 The founder of DeFi lending protocol Swivel Finance, Julien Traversa, noticed that something’s up with the now-defunct stablecoin issuer Fei Protocol’s Discord. It was taken over by the Superior Court of California for San Francisco County! Looks like @feiprotocol 's discord has been taken over by San Fransisco's superior courts This is the first I've personally seen courts take over a discord, is this common? A link to the class action -- https://t.co/fD20xLofTX pic.twitter.com/5HI1EpFZp2 — Julian Traversa (@TraversaJulian) July 7, 2023 Finally, machine learners can now pay each other in Bitcoin. Should we be worried? Artificial intelligence programs like ChatGPT have learned how to send bitcoin payments. To put this in other words... Machines can pay other machines. pic.twitter.com/j9VtLxpJc8 — Documenting ₿itcoin 📄 (@DocumentingBTC) July 7, 2023... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin edged up on Monday morning in Asia but remained below the US$26,000 resistance level, giving up much of last week’s gains from a favorable court ruling on Grayscale’s spot Bitcoin exchange-traded fund application. Ether also stayed range-bound at around US$1,650, while other top 10 non-stablecoin cryptocurrencies traded mixed, with XRP leading the winners and Dogecoin the losers. U.S. stock futures edged down Monday morning after Wall Street closed the week higher on a cool-off in the U.S. labor market that soothed the concerns for more interest rate hikes. Bitcoin gave up gains from Grayscale’s victory Bitcoin edged up 0.30% in the last 24 hours to US$25,958.25 as of 07:30 a.m. in Hong Kong and traded 0.46% lower for the week, according to CoinMarketCap data. The world’s leading cryptocurrency lost control of the US$26,000 support level on Friday and fluctuated around the mark over the weekend. Bitcoin briefly reached a weekly high of over US$28,000 last Tuesday on a court ruling that required the U.S. Securities and Exchange Commission to review asset manager Grayscale’s Bitcoin ETF application, but soon gave up all the gains after the SEC delayed all pending ETF applications on Thursday. “While investors might be looking at the Grayscale v. SEC developments, it feels like the recent price action is linked to activity from the FTX wallets, igniting fear of a potential dump as some (or all) of these assets would be liquidated into fiat for expenses, repaying investors,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. A Solana-based cold wallet owned by collapsed crypto exchange FTX transferred over US$10 million worth of cryptocurrencies, including LINK, SUSHI, LUNA and YFI, to Ethereum addresses from Aug. 31 to Sept. 2, according to Arkham Intelligence data cited by blockchain journalist Colin Wu . Both Bitcoin and Ether’s prices are below their 50-day moving averages of US$28,299 and US$1,789, indicating bearishness in the prices, Markus Thielen, head of research & strategy at digital asset service platform Matrixport, said in a Monday report by Matrixport. In the past month, the world’s leading stablecoin USDT has lost US$1 billion in market cap and consistently traded below the 1:1 peg with U.S. dollars, according to CoinMarketCap data. “The decline in (USDT) market cap was first associated with a move into Bitcoin on August 8 when US$400 million was moved from USDT into BTC. But then another US$500 million appeared to have been redeemed when Bitcoin prices crashed around August 18. Liquidity leaving the ecosystem, is always negative,” said Thielen. Story continues Ether inched 0.17% higher to US$1,635.19 and was down 1.27% over the past seven days. Most other top 10 non-stablecoin cryptocurrencies traded mixed over the past 24 hours and moved no higher than 1%. The exception was XRP, which led the winners by gaining 1.07% in the past 24 hours to US$0.5048, but remained 3.46% lower for the week. Dogecoin led the losers, dropping 0.62% in the past 24 hours to US$0.06315 and stayed flat for the seven-day period. Toncoin, the native token of Ton network, surged 23.86% in the past week, boosted by the network’s launch of its new smart contract programming language Tact on August 22. TON stands for “The Open Network,” a layer-1 blockchain originally developed by messaging service provider Telegram that withdrew from the project in 2020. TON launched the beta of its own crypto wallet service TON Space on August 10, which was integrated into the Telegram application at the very start. “With Telegram boasting a user base of 700 million, the platform presents a substantial opportunity for the distribution and onboarding of new users into the Toncoin ecosystem,” said John Stefanidis, chief executive officer and co-founder of blockchain infrastructure foundation Balthazar DAO. The total crypto market capitalization dipped 0.09% to US$1.04 trillion. Trading volume dropped 10.77% to US$19.78 billion. U.S. stock futures flat after Wall Street booked weekly gains Image: Getty Images Main stock indexes across Asia went higher on Monday morning, as of 09:50 a.m. in Hong kong. China’s Shanghai Composite Index, Hong Kong’s Hang Seng, Japan’s Nikkei and South Korea’s Kospi all logged gains. U.S. stock futures were trading mixed with Dow futures and S&P 500 futures inching down while Nasdaq futures were edging higher. Wall Street closed varied at the end of regular session trading Friday, but all three major U.S. indexes booked weekly gains as Friday’s labor market data eased rate hike worries. The U.S. stock market closes this Monday and will open on Tuesday, The U.S. unemployment rate rose to 3.8% in August, the highest reading since February 2022, according to the Labor Department on Friday, which could mitigate the concerns about further increases in the U.S. interest rates. Given the uptick in unemployment rate, moderated job gains and wage growth, as well as an increase in labor force participation, “the U.S. August jobs report increases the probability that the highly data-dependent Fed will not hike again in this cycle,” Mohamed A. El-Erian, an adviser to Germany-based financial services firm Allianz, tweeted on Friday. Adding to the optimistic outlook of the U.S. central bank’s battle against inflation, Atlanta Federal Reserve Bank President Raphael Bostic said on Thursday that “inflation is conclusively on track toward 2% over a reasonable time frame,” and that the Fed’s monetary policy “is already restrictive enough to get us there.” The Fed raised its interest rate to between 5.25% and 5.50% in July, the highest level in 22 years. Fed Chair Jerome Powell said following July’s meeting that the central bank will take a “data-dependent” approach when deciding how to reduce the country’s annual inflation below its long-term goal of 2%. The CME FedWatch Tool predicts a 93% chance the Fed will maintain the current rate at its next meeting on September 20, up from 88% on Friday. Information to notice in the week ahead includes the S&P’s August U.S. services purchasing manager index (PMI) on Wednesday, as well as a series of Fed official speeches on Thursday. Meanwhile, China’s Shanghai Composite Index logged its biggest weekly gains in over a month last Friday, as the country ramped up the policy supports for its ailing post-Covid economic recovery, according to Reuters on Monday. China’s economic revival kit includes alleviating home-purchase restrictions in an attempt to stablize its wavering property market , as well as the country’s top banks paving ways for more interest rate cuts . (Updates with equity section.) View comments', 'Bitcoin edged up on Monday morning in Asia but remained below the US$26,000 resistance level, giving up much of last week’s gains from a favorable court ruling on Grayscale’s spot Bitcoin exchange-traded fund application. Ether also stayed range-bound at around US$1,650, while other top 10 non-stablecoin cryptocurrencies traded mixed, with XRP leading the winners and Dogecoin the losers. U.S. stock futures edged down Monday morning after Wall Street closed the week higher on a cool-off in the U.S. labor market that soothed the concerns for more interest rate hikes.\nBitcoin edged up 0.30% in the last 24 hours to US$25,958.25 as of 07:30 a.m. in Hong Kong and traded 0.46% lower for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency lost control of the US$26,000 support level on Friday and fluctuated around the mark over the weekend.\nBitcoin briefly reached a weekly high of over US$28,000 last Tuesday on acourt rulingthat required the U.S. Securities and Exchange Commission to review asset manager Grayscale’s Bitcoin ETF application, but soon gave up all the gains after the SEC delayed all pending ETF applications on Thursday.\n“While investors might be looking at the Grayscale v. SEC developments, it feels like the recent price action is linked to activity from the FTX wallets, igniting fear of a potential dump as some (or all) of these assets would be liquidated into fiat for expenses, repaying investors,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nA Solana-based cold wallet owned by collapsed crypto exchange FTX transferred over US$10 million worth of cryptocurrencies, including LINK, SUSHI, LUNA and YFI, to Ethereum addresses from Aug. 31 to Sept. 2, according to Arkham Intelligence data cited by blockchain journalistColin Wu.\nBoth Bitcoin and Ether’s prices are below their 50-day moving averages of US$28,299 and US$1,789, indicating bearishness in the prices, Markus Thielen, head of research & strategy at digital asset service platform Matrixport, said in a Monday report by Matrixport.\nIn the past month, the world’s leading stablecoin USDT has lost US$1 billion in market cap and consistently traded below the 1:1 peg with U.S. dollars, according to CoinMarketCap data.\n“The decline in (USDT) market cap was first associated with a move into Bitcoin on August 8 when US$400 million was moved from USDT into BTC. But then another US$500 million appeared to have been redeemed when Bitcoin prices crashed around August 18. Liquidity leaving the ecosystem, is always negative,” said Thielen.\nEther inched 0.17% higher to US$1,635.19 and was down 1.27% over the past seven days.\nMost other top 10 non-stablecoin cryptocurrencies traded mixed over the past 24 hours and moved no higher than 1%. The exception was XRP, which led the winners by gaining 1.07% in the past 24 hours to US$0.5048, but remained 3.46% lower for the week.\nDogecoin led the losers, dropping 0.62% in the past 24 hours to US$0.06315 and stayed flat for the seven-day period.\nToncoin, the native token of Ton network, surged 23.86% in the past week, boosted by the network’s launch of its new smart contract programming languageTacton August 22.\nTON stands for “The Op Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $505,732,967,412 - Hash Rate: 411978590.8187068 - Transaction Count: 573196.0 - Unique Addresses: 730142.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • Elon Musk's X is reportedly looking for a financial-data giant to build a trading hub on the app. • Musk said on X that "no work is being done on this to the best of my knowledge." Elon Musk’s soon-to-be super app X, formerly known as Twitter, is looking for a financial-data giant to build a trading hub inside the app, news outlet Semafor reported, citing documents and people familiar with the matter. According to the documents, X sent a request to financial-data providers in recent weeks asking for proposals on financial content and real-time stock data, among others, Semafor said, adding that It wasn’t clear if any firms had submitted proposals due last week. The request to the data firms also said that X is offering potential partners a reach of “hundreds of millions of highly qualified users,” but won't compensate them. The firms were asked to put down the amount of money they would be willing to invest in the project, Semafor reported. Musk, however, said on Xthat “no work is being done on this to the best of my knowledge.” While this is not a direct denial, it could suggest such a service may be in the works but may not be imminent. This isn't the first time a potential for a trading hub within the X platform was floated. Earlier this year, social investing platform eToro said it is set tooffer trading servicesof crypto and other assets directly to the users of then-called Twitter through an arrangement with the company. If plans to build an in-app trading hub do go through, given Musk’s affinity for digital assets - specifically meme coin dogecoin (DOGE) — the platform could easily allow the trading of cryptocurrencies on top of other assets, in particular bitcoin (BTC), which potentially be a safe asset to list from a regulatory perspective. Coinbase CEO Brian Armstrong earlier this week made public that the Securities and Exchange Commission had told him tostop trading all cryptocurrencies but bitcoin, suggesting that regulators wouldn’t have an issue with that particular cryptocurrency. Musk had previously announced his plans to allow payments on the X platform, initially only in fiat currencies. Still, he was open to the idea of having theoption to add cryptoat a later point. Muskrefashioned Twitter to Xin July as part of his plans to create an everything-app — much like China’s WeChat — that would allow for a wider variety of services, including payments and gaming. Crypto experts reacted positively to the change, saying that the rebrandingcould be a “game-changer”for the ecosystem. Read more:Twitter Is Dead. Long Live Crypto Twitter?... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin edged lower on Tuesday morning in Asia to trade below the weekend’s resistance level of US$26,000. Ether dipped to near the US$1,600 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP posted the biggest gains while Solana led the losers. Digital asset investment products saw a minor outflow last week accompanied by a surge in trading volumes, indicating mixed sentiment among institutional investors. U.S. stock futures traded mixed ahead of regular trading following the long holiday weekend.\nBitcoin dipped 0.57% in the last 24 hours to US$25,804.63 as of 07:30 a.m. in Hong Kong for a weekly loss of 1.15%, according toCoinMarketCapdata. The world’s leading cryptocurrency had been trading in the US$26,000 range since Friday. It briefly breached US$28,000 last Tuesday as an apparent victory for Grayscale Investment against the U.S. Securties and Exchange Commission boosted sentiment. That optimism has now cooled.\nEther dipped 0.49% to US$1,627.26, losing 1.58% over the past seven days.\nThe crypto market is suffering from regulatory uncertainties in the U.S., said Samer Hasn, market analyst for online brokerage XS.com, in an emailed comment. He also noted the effect of large transactions on the market, including a US$213 millionXRPtransaction and a US$37 millionShiba Inutransaction recorded over the weekend.\n“Although the reasons behind the series of huge transfers that we are witnessing in the cryptocurrency market are not yet completely clear, I believe that they may continue to fuel a state of anticipation and caution in the markets, especially since these transfers come amid weak sentiment among market participants, with the continuing battle in the judicial arena in the United States,” Hasn said.\nMeanwhile, Binance’s global head of product Mayur Kamat resigned from the company, Reutersreportedon Monday. The world’s largest crypto exchange faces lawsuits from the U.S.SECand Commodity Futures Trading Commission (CFTC), as well as an investigation from the U.S. Department of Justice (DOJ).\nMost other top 10 non-stablecoin cryptocurrencies traded mixed over the past 24 hours, with movement within the 1% range across the board. XRP led the winners with a 0.61% gain to US$0.5082, but remained 3.01% lower for the week.\nDigital asset investment products saw a minor outflow of US$11.2 million in the week ending Sept. 1. That was a slowdown from US$168 million last week, according to a Mondayreportby European alternative asset manager CoinShares. Despite the small outflow, digital investment products’ trading volume totaled US$2.8 billion,\xa0 a 90% rise on the year-to-date average.\n“The recent minor outflows from digital asset funds may be due to uncertainty around the approval of the spot Bitcoin ETFs — following an initial surge of enthusiasm upon their announcement,” said John Stefanidis, CEO of blockchain infrastructure foundation Balthazar DAO.\n“As we approach the upcoming Bitcoin halving event, it will be interesting to see how these regulatory uncertainties are balanced,” he added.\nThe Bitcoin halving event will see the amount of new tokens issued every 10 minutes cut in half, increasing its scarcity. This is widely anticipated to produce a surge in the token’s price. The next Bitcoin halving is expected to take place in April 2024.\nElsewhere, crypto exchange BybitintroducedTradeGPT on Monday — an artificial intelligence-powered education tool that uses ChatGPT to generate market analysis and answer technical questions based on Bybit’s real-time market data. Other crypto exchanges includingBinance,Crypto.comandOKXalso launched A.I.-powered analyzing tools earlier this year.\nThe total crypto market capitalization dipped 0.56% to US$1.04 trillion. Trading volume rose 20.65% to US$23.77 billion.\nU.S. stock futures were trading lower ahead of the opening bell Tuesday after a holiday-extended weekend for markets. Despite closing mixed on Friday, all three major U.S. indexes posted weekly gains, with Friday’sjobs dataeasing rate hike worries.\nAll the main stock indexes across Asia were showing losses as of 10:00 a.m. in Hong Kong.\nChina’s release of key economic data Tuesday morning cast a cloud over markets. TheCaixin China services purchasing managers index(PMI) — a private gauge of the business activities in the country’s service industry — dropped from 54.1 in July to 51.8 in August, the lowest level in the past eight months. A PMI reading above 50 indicates a growth in business activities, while a sub-50 reading indicates a contraction.\nThe PMI report followed an unexpectedexpansionin China’s manufacturing industry on September 1. But a slowdown of growth in the services industry provides more evidence of a wider economic downturn.\n“The marginal slowdown in the services sector’s supply and demand expansion offset the improvement in manufacturing production and demand,” Wang Zhe, an economist at Caixin Insight Group, told Reuters. “There was still considerable downward pressure on the economy.”\nMeanwhile, Japan’s manufacturing PMI rose from 53.8 in July to 54.3 in August — the highest reading in three months, according toReuterson Tuesday.\n“A stronger improvement in new orders received by Japanese service firms underpinned an acceleration in business activity growth,” Usamah Bhatti, an economist at S&P Global Market Intelligence, told Reuters. “That said, service providers signalled a steeper increase in inflationary pressures during August.”\nInvestors now await a decision on interest rates from the Reserve Bank of Australia expected later Tuesday. Analysts expect the country’s central bank to keep the rate unchanged at 4.10% for the third straight month, Bloombergreportedon Tuesday.\nIn the U.S., the Federal Reserve will meet on Sept. 20 to make its next move on interest rates, which are currently between 5.25% and 5.50%, the highest level in 22 years.\nTheCME FedWatch Toolpredicts a 93% chance the Fed will maintain the current rate unchanged in September, up from 78% on August 28.\nFurther indication of how the Fed’s plan for rates will arrive with a series of official speeches on Thursday. Elsewhere, S&P will release its U.S. services purchasing manager index (PMI) for August on Wednesday.\n(Updates with equity section.)', 'Bitcoin edged lower on Tuesday morning in Asia to trade below the weekend’s resistance level of US$26,000. Ether dipped to near the US$1,600 mark, while other top 10 non-stablecoin cryptocurrencies traded mixed. XRP posted the biggest gains while Solana led the losers. Digital asset investment products saw a minor outflow last week accompanied by a surge in trading volumes, indicating mixed sentiment among institutional investors. U.S. stock futures traded mixed ahead of regular trading following the long holiday weekend.\nBitcoin dipped 0.57% in the last 24 hours to US$25,804.63 as of 07:30 a.m. in Hong Kong for a weekly loss of 1.15%, according toCoinMarketCapdata. The world’s leading cryptocurrency had been trading in the US$26,000 range since Friday. It briefly breached US$28,000 last Tuesday as an apparent victory for Grayscale Investment against the U.S. Securties and Exchange Commission boosted sentiment. That optimism has now cooled.\nEther dipped 0.49% to US$1,627.26, losing 1.58% over the past seven days.\nThe crypto market is suffering from regulatory uncertainties in the U.S., said Samer Hasn, market analyst for online brokerage XS.com, in an emailed comment. He also noted the effect of large transactions on the market, including a US$213 millionXRPtransaction and a US$37 millionShiba Inutransaction recorded over the weekend.\n“Although the reasons behind the series of huge transfers that we are witnessing in the cryptocurrency market are not yet completely clear, I believe that they may continue to fuel a state of anticipation and caution in the markets, especially since these transfers come amid weak sentiment among market participants, with the continuing battle in the judicial arena in the United States,” Hasn said.\nMeanwhile, Binance’s global head of product Mayur Kamat resigned from the company, Reutersreportedon Monday. The world’s largest crypto exchange faces lawsuits from the U.S.SECand Commodity Futures Trading Commission (CFTC), as well as an investigation from the U.S. Department of Justice (DOJ).\nMost other top 10 non-stablecoin cryptocurrencies traded mixed over the past 24 hours, with movement within the 1% range across the board. XRP led the winners with a 0.61% gain to US$0.5082, but remained 3.01% lower for the week.\nDigital asset investment products saw a minor outflow of US$11.2 million in the week ending Sept. 1. That was a slowdown from US$168 million last week, according to a Mondayreportby European alternative asset manager CoinShares. Despite the small outflow, digital investment products’ trading volume totaled US$2.8 billion,\xa0 a 90% rise on the year-to-date average.\n“The recent minor outflows from digital asset funds may be due to uncertainty around the approval of the spot Bitcoin ETFs — following an initial surge of enthusiasm upon their announcement,” said John Stefanidis, CEO of blockchain infrastructure foundation Balthazar DAO.\n“As we approach the upcoming Bitcoin halving event, it will be interesting to see how these regulatory uncertainties are balanced,” he added.\nThe Bitcoin halving event will see the amount of new tokens issued every 10 minutes cut in half, increasing its scarcity. This is widely anticipated to produce a surge in the token’s price. The next Bitcoin halving is expected to take place in April 2024.\nElsewhere, crypto exchange BybitintroducedTradeGPT on Monday — an artificial intelligence-powered education tool that uses ChatGPT to generate market analysis and answer technical questions based on Bybit’s real-time market data. Other crypto exchanges includingBinance,Crypto.comandOKXalso launched A.I.-powered analyzing tools earlier this year.\nThe total crypto marke Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $501,351,021,750 - Hash Rate: 342854666.18469554 - Transaction Count: 462093.0 - Unique Addresses: 753968.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Dietrich Knauth NEW YORK (Reuters) - Crypto lender Celsius Network on Monday received a U.S. bankruptcy judge's permission to seek creditor approval for its bankruptcy plan, advancing a proposal to exit Chapter 11 as a new entity owned by its creditors. Judge Martin Glenn signed off on Celsius's disclosure statement and solicitation materials at a U.S. Bankruptcy Court hearing in Manhattan, saying Celsius had given creditors sufficient information to vote on the proposed restructuring. Some creditors oppose the plan, but the official committee appointed to represent junior creditors supports it and will recommend that Celsius customers vote in favor. New Jersey-based Celsius filed for Chapter 11 protection in July 2022, one of several crypto lenders to go bankrupt following the rapid growth of the industry during the COVID-19 pandemic. Celsius had 600,000 customers who held about $4.4 billion in interest-bearing Celsius accounts when it filed for bankruptcy, according to court documents. Celsius's bankruptcy plan would return some crypto deposits to retail customers and hand control of remaining business lines - including bitcoin mining and staking - to the Fahrenheit Group, a consortium that includes blockchain-based venture capital firm Arrington Capital. Celsius estimates that most of its customers, who had interest-bearing Earn accounts, will receive a 67% recovery, through return of liquid crypto assets like Bitcoin and Ether, equity shares in the new company, and proceeds of post-bankruptcy litigation against company founder Alex Mashinsky and others. Customers will generally receive a higher recovery on other, non-interest-bearing accounts. Fahrenheit will buy a minority stake in the new business for $50 million and will publicly list the new company's stock on Nasdaq. This will allow Celsius customers to sell equity shares that they will receive as part of their bankruptcy recovery, according to court documents. Story continues The reorganized company will pursue litigation against Mashinsky, who already faces U.S. criminal charges and a New York civil lawsuit for allegedly misleading customers and artificially inflating the value of his company's propriety crypto token. Mashinsky has pleaded not guilty. Celsius creditors have a Sept. 20 deadline to submit votes on the proposal, and Celsius intends to seek final court approval of its restructuring plan on Oct. 2, according to court documents. (Reporting by Dietrich Knauth, Editing by Alexia Garamfalvi and David Gregorio)... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Grayscale Investments is urging the SEC to approve its\xa0request to convert its bitcoin trust into an ETF and has asked the agency to meet with them as quickly as possible after a court ruled against the agency's refusal to review Grayscale’s application.\nThe crypto asset manager delivered a letter on Sept. 5 to the regulator urging it to approve the conversion of the $16 billion Grayscale Bitcoin Trust into an exchange-traded fund.\nThe letter sent by Grayscale’s lawyers argued that the filing to turn the Grayscale Bitcoin Trust into an ETF has been “pending for nearly three times the length permitted” for the SEC to act. It also sought to address security issues raised by the agency, saying that if safety differences between a spot bitcoin and currently available futures bitcoin ETFs existed, the firm is “confident it would have surfaced by now.”\n“There is no available rationale that would distinguish a bitcoin futures ETP from a spot bitcoin ETP,” according to the letter sent by attorney Joseph Hall of New York’s Davis Polk.\nThe request follows Grayscale’s watershedlegal winover the agency on Aug. 29. The company had sued the SEC after the agency, which has to date not approved a spot bitcoin ETF, refused to permit the conversion of the Grayscale Bitcoin Trust into an ETF. Judges on the U.S. Court of Appeals D.C. Circuit last month sided with Grayscale and called the SEC’s decision “arbitrary and capricious.”\nThe SEC has 45 days after the ruling to appeal.\nInvestment managers from BlackRock Inc. to Fidelity Investments have pending spot bitcoin ETF applications in front of the SEC. Approval of the Grayscale application would open the door to their spot bitcoin ETFs being available to investors.\nWhile the regulatory body allows ETFs that track bitcoin futures contracts, it thus far has blocked firms from rolling out ETFs that track physical bitcoin, which is the product investors are vying for.\nTheProShares Bitcoin Strategy ETF (BITO)is by far the largest bitcoin futures ETF, which has $952 million in assets under management. The SEC has denied more than 30 spot bitcoin proposals since 2021.\n“GBTC is ready to operate as an ETF upon regulatory approval, and Grayscale and its investors look forward to more information from the SEC,” said a Grayscale spokesperson inthe company’s statementon the letter.\nGrayscale is now seeking to meet with the SEC “as soon as practical” to “discuss the way forward in view of recent developments,” according to the letter.\nAn SEC spokesperson said the agency is “reviewing the next steps” after the Grayscale lawsuit decision.\nGrayscale also argued that dragging out the approval process is hurting investors by pushing down the price of the trust. It also said that a spot bitcoin ETF is the least complicated and best product structure for bitcoin ETF investors.\nThe firm also said that its security measures, known as surveillance sharing agreements, handled by the Chicago Mercantile Exchange, are as effective as other firms’ proposed agreements with Coinbase.\nGrayscale currently has one ETF, theGrayscale Future of Finance ETF (GFOF), which has $5.3 million in AUM.\nContact Lucy Brewster [email protected]\nPermalink\| © Copyright 2023etf.com.All rights reserved", "Grayscale Investments is urging the SEC to approve its\xa0request to convert its bitcoin trust into an ETF and has asked the agency to meet with them as quickly as possible after a court ruled against the agency's refusal to review Grayscale’s application.\nThe crypto asset manager delivered a letter on Sept. 5 to the regulator urging it to approve the conversion of the $16 billion Grayscale Bitcoin Trust into an exchange-traded fund.\nThe letter sent by Grayscale’s lawyers argued that the filing to turn the Grayscale Bitcoin Trust into an ETF has been “pending for nearly three times the length permitted” for the SEC to act. It also sought to address security issues raised by the agency, saying that if safety differences between a spot bitcoin and currently available futures bitcoin ETFs existed, the firm is “confident it would have surfaced by now.”\n“There is no available rationale that would distinguish a bitcoin futures ETP from a spot bitcoin ETP,” according to the letter sent by attorney Joseph Hall of New York’s Davis Polk.\nThe request follows Grayscale’s watershedlegal winover the agency on Aug. 29. The company had sued the SEC after the agency, which has to date not approved a spot bitcoin ETF, refused to permit the conversion of the Grayscale Bitcoin Trust into an ETF. Judges on the U.S. Court of Appeals D.C. Circuit last month sided with Grayscale and called the SEC’s decision “arbitrary and capricious.”\nThe SEC has 45 days after the ruling to appeal.\nInvestment managers from BlackRock Inc. to Fidelity Investments have pending spot bitcoin ETF applications in front of the SEC. Approval of the Grayscale application would open the door to their spot bitcoin ETFs being available to investors.\nWhile the regulatory body allows ETFs that track bitcoin futures contracts, it thus far has blocked firms from rolling out ETFs that track physical bitcoin, which is the product investors are vying for.\nTheProShares Bitcoin Strategy ETF (BITO)is by far the largest bitcoin futures ETF, which has $952 million in assets under management. The SEC has denied more than 30 spot bitcoin proposals since 2021.\n“GBTC is ready to operate as an ETF upon regulatory approval, and Grayscale and its investors look forward to more information from the SEC,” said a Grayscale spokesperson inthe company’s statementon the letter.\nGrayscale is now seeking to meet with the SEC “as soon as practical” to “discuss the way forward in view of recent developments,” according to the letter.\nAn SEC spokesperson said the agency is “reviewing the next steps” after the Grayscale lawsuit decision.\nGrayscale also argued that dragging out the approval process is hurting investors by pushing down the price of the trust. It also said that a spot bitcoin ETF is the least complicated and best product structure for bitcoin ETF investors.\nThe firm also said that its security measures, known as surveillance sharing agreements, handled by the Chicago Mercantile Exchange, are as effective as other firms’ proposed agreements with Coinbase.\nGrayscale currently has one ETF, theGrayscale Future of Finance ETF (GFOF), which has $5.3 million in AUM.\nContact Lucy Brewster [email protected]\nPermalink\| © Copyright 2023etf.com.All rights reserved", "Grayscale Investments is urging the SEC to approve its\xa0request to convert its bitcoin trust into an ETF and has asked the agency to meet with them as quickly as possible after a court ruled against the agency's refusal to review Grayscale\x92s application. The crypto asset manager delivered a letter on Sept. 5 to the regulator urging it to approve the conversion of the $16 billion Grayscale Bitcoin Trust into an exchange-traded fund. The letter sent by Grayscale\x92s lawyers argued that the filing to turn the Grayscale Bitcoin Trust into an ETF has been \x93pending for nearly three times the length permitted\x94 for the SEC to act. It also sought to address security issues raised by the agency, saying that if safety differences between a spot bitcoin and currently available futures bitcoin ETFs existed, the firm is \x93confident it would have surfaced by now.\x94 \x93There is no available rationale that would distinguish a bitcoin futures ETP from a spot bitcoin ETP,\x94 according to the letter sent by attorney Joseph Hall of New York\x92s Davis Polk. Grayscale\x92s Court Victory Over SEC The request follows Grayscale\x92s watershed legal win over the agency on Aug. 29. The company had sued the SEC after the agency, which has to date not approved a spot bitcoin ETF, refused to permit the conversion of the Grayscale Bitcoin Trust into an ETF. Judges on the U.S. Court of Appeals D.C. Circuit last month sided with Grayscale and called the SEC\x92s decision \x93arbitrary and capricious.\x94 The SEC has 45 days after the ruling to appeal. Investment managers from BlackRock Inc. to Fidelity Investments have pending spot bitcoin ETF applications in front of the SEC. Approval of the Grayscale application would open the door to their spot bitcoin ETFs being available to investors. While the regulatory body allows ETFs that track bitcoin futures contracts, it thus far has blocked firms from rolling out ETFs that track physical bitcoin, which is the product investors are vying for. Story continues The ProShares Bitcoin Strategy ETF (BITO) is by far the largest bitcoin futures ETF, which has $952 million in assets under management. The SEC has denied more than 30 spot bitcoin proposals since 2021. \x93GBTC is ready to operate as an ETF upon regulatory approval, and Grayscale and its investors look forward to more information from the SEC,\x94 said a Grayscale spokesperson in the company\x92s statement on the letter. SEC Meeting With Grayscale Grayscale is now seeking to meet with the SEC \x93as soon as practical\x94 to \x93discuss the way forward in view of recent developments,\x94 according to the letter. An SEC spokesperson said the agency is \x93reviewing the next steps\x94 after the Grayscale lawsuit decision. Grayscale also argued that dragging out the approval process is hurting investors by pushing down the price of the trust. It also said that a spot bitcoin ETF is the least complicated and best product structure for bitcoin ETF investors. The firm also said that its security measures, known as surveillance sharing agreements, handled by the Chicago Mercantile Exchange, are as effective as other firms\x92 proposed agreements with Coinbase. Grayscale currently has one ETF, the Grayscale Future of Finance ETF (GFOF) , which has $5.3 million in AUM. Contact Lucy Brewster at [email protected] Permalink \| © Copyright 2023 etf.com. All rights reserved", 'Bitcoin was trading flat below the resistance le Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $502,909,695,500 - Hash Rate: 364419397.2930779 - Transaction Count: 485357.0 - Unique Addresses: 757286.0 Social & AI Sentiment: - Fear & Greed Index: 0.42 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Cryptocurrencies surged on Aug 8 after witnessing a slight slowdown following the Fed’s 25 basis point rate hike in the last week of July. Tuesday’s surge was largely triggered by the decision of Moody’s Investor Service to downgrade 10 small-to-medium-sized lenders and place six other banks on its review list for a potential downgrade. The credit rating agency cited deposit risk, fears of an impending recession and struggling commercial real estate portfolios as the reasons for the downgrade. Besides, Moody’s also changed its rating outlook for 11 banks to negative. The crypto market has made a solid rebound this year after a disappointing 2022 that saw the market plummet by more than 65%. The freefall was primarily triggered by the FTX bankruptcy following a major fraud and the Tera Luna crash. However, this year has been great and experts predict a cryptocurrency rally in the second half as macroeconomic conditions ease. Inflation has been steadily declining over the past 12 months, which saw the Fed lowering the magnitude of its rate hikes. This has been going in favor of the crypto market. Growth assets such as consumer discretionary and technology stocks and cryptocurrencies are adversely affected by higher interest rates. Cryptocurrencies have been on a rally since the beginning of 2023. The picture got rosier at the end of June and early July after the Fed left interest rates unchanged after 10 straight hikes. However, the rally came to almost a standstill after the central bank resumed its rate hike at the end of July and Fitch Ratings downgraded the U.S. long-term foreign-currency issuer default rating from AAA to AA+. However, the announcement by Moody’s sent the cryptocurrencies on a rally once again on Tuesday, with all major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) surging. Cryptocurrencies are widely considered an alternative to traditional banking systems. One of the major reasons behind the growing faith in cryptocurrencies is the renewed interest exhibited by prominent traditional financial institutions, particularly in Bitcoin. This has been a driving force behind the upward trajectory of Bitcoin's prices. Notably, financial giantBlackRock, Inc. BLK has taken steps by submitting an application to regulators to create a Bitcoin ETF. Should this proposal receive approval from regulatory authorities, it could lead to increased involvement from retail investors and offer avenues for expanded institutional support. Likewise, other major players, includingThe Charles Schwab CorporationSCHW, Citadel Securities and Fidelity Digital Assets, have backed the launch of a new cryptocurrency exchange named EDX Markets. This exchange facilitates the trading of Bitcoin as well as other prominent digital assets. The latest to jump onto the bandwagon isPayPal Holdings Inc.PYPL, which earlier this week became the first major U.S. fintech company to introduce its unique cryptocurrency token, in the form of a dollar-pegged stablecoin, named PayPal USD. From an investment perspective, taking advantage of the current upward trend of cryptocurrencies can be seen as a prudent decision. Riot Platforms, Inc.RIOT is a Bitcoin-driven infrastructure platform. RIOT is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. Riot Platforms’ expected earnings growth rate for next year is 38.9%. Shares of RIOT have gained 42.8% in the past three months. Riot Platforms presently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. NVIDIA CorporationNVDA is a major player in the semiconductor industry and has been one of the standout success stories of 2023. As a leading designer of graphic processing units (GPUs), the value of NVDA stock tends to surge during a thriving crypto market. This is primarily due to the crucial role GPUs play in data centers, artificial intelligence, and the mining or production of cryptocurrencies. NVIDIA’s expected earnings growth rate for next year is 133.2%. Shares of NVDA have gained 48.9% in the past three months. NVIDIA currently sports a Zacks Rank #1. Coinbase Global, Inc.COIN offers financial infrastructure and technology to support the global cryptocurrency economy. COIN provides a main financial account for consumers in the crypto space, a marketplace with liquidity for institutional crypto asset transactions, and technology and services for developers to build crypto-based applications and accept cryptocurrencies securely as payment. Coinbase Global’s expected earnings growth rate for the current year is 84.78%. Shares of COIN have increased 40.1% over the past three months. Coinbase currently has a Zacks Rank #2. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report BlackRock, Inc. (BLK) : Free Stock Analysis Report The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 7 September 2023 - As the cryptocurrency market experiences a summer surge, particularly in the ETC USDT trading pair, BingX is thrilled to announce the launch of its zero-slippage "Guaranteed Price" feature . This timely introduction aims to capitalize on the market\'s momentum, offering traders an unparalleled experience with the ETC USDT pair. The Summer Surge in ETC/USDT Ethereum Classic (ETC) , a hard fork of Ethereum (ETH), has been gaining significant traction this summer. With its focus on smart contracts and decentralized applications (DApps), ETC has differentiated itself from its predecessor, Ethereum. The ETC/USDT trading pair has been a notable performer, attracting increased trading volumes and investor interest. Notably, the overall trading volume of ETC has seen an increment of 30% since June 2023, signaling strong market enthusiasm. BingX\'s Zero-Slippage Trading BingX\'s newly launched "Guaranteed Price" feature offers zero-slippage trading across all 172 trading pairs on its perpetual futures platform, including the upcoming ETC/USDT pair. This feature ensures that traders can execute their trades at the exact price they desire, enhancing the overall trading experience. To celebrate this launch, BingX is running a promotion . During this period, traders who enable the "Guaranteed Price" feature and complete specific tasks can win a 10 USDT voucher and share a prize pool of 1 BTC. How to Participate Task 1: Orders with IDs ending in 1, 6, or 8 will earn a 10. Task 2: Orders that are successfully triggered, with a total trading volume of 10,000 USDT, will share 1 BTC according to the actual trading volume. Rules and Regulations Rewards will be credited to your fund account within 5 working days after the promotion. BingX reserves the right to the final interpretation of the promotion. Any malicious trading behavior will result in disqualification. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Contact Details BingX Elvisco [email protected] Company Website https://bingx.com/en-us/ View source version on newsdirect.com: https://newsdirect.com/news/etc-usdt-summer-surge-meets-bingxs-zero-slippage-trading-launch-746602836 View comments', 'SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 7 September 2023 - As the cryptocurrency market experiences a summer surge, particularly in the ETC USDT trading pair, BingX is thrilled to announce the launch of its zero-slippage "Guaranteed Price" feature . This timely introduction aims to capitalize on the market\'s momentum, offering traders an unparalleled experience with the ETC USDT pair. The Summer Surge in ETC/USDT Ethereum Classic (ETC) , a hard fork of Ethereum (ETH), has been gaining significant traction this summer. With its focus on smart contracts and decentralized applications (DApps), ETC has differentiated itself from its predecessor, Ethereum. The ETC/USDT trading pair has been a notable performer, attracting increased trading volumes and investor interest. Notably, the overall trading volume of ETC has seen an increment of 30% since June 2023, signaling strong market enthusiasm. BingX\'s Zero-Slippage Trading BingX\'s newly launched "Guaranteed Price" feature offers zero-slippage trading across all 172 trading pairs on its perpetual futures platform, including the upcoming ETC/USDT pair. This feature ensures that traders can execute their trades at the exact price they desire, enhancing the overall trading experience. To celebrate this launch, BingX is running a promotion . During this period, traders who enable the "Guaranteed Price" feature and complete specific tasks can win a 10 USDT voucher and share a prize pool of 1 BTC. How to Participate Task 1: Orders with IDs ending in 1, 6, or 8 will earn a 10. Task 2: Orders that are successfully triggered, with a total trading volume of 10,000 USDT, will share 1 BTC according to the actual trading volume. Rules and Regulations Rewards will be credited to your fund account within 5 working days after the promotion. BingX reserves the right to the final interpretation of the promotion. Any malicious trading behavior will result in disqualification. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Contact Details BingX Elvisco [email protected] Company Website https://bingx.com/en-us/ View source version on newsdirect.com: https://newsdirect.com/news/etc-usdt-summer-surge-meets-bingxs-zero-slippage-trading-launch-746602836 View comments', 'Bitcoin traded flat Wednesday morning in Asia below the resistance level of US$26,000. Ether also traded flat, hovering around US$1,600. Wednesday’s U.S. spot Ether exchange-traded fund (ETF) application by asset manager Ark Invest is yet to have an effect on the token’s price. Other top 10 non-stablecoin cryptocurrencies traded mixed. Solana led the losers, while Toncoin posted the most gains. U.S. stock futures edged lower. That followed a slide Wednesday on Wall Street as stronger-than-expected U.S. economic data raised investor concern about inflation and interest rate hikes. Bitcoin, Ether tread water amid regulatory uncertainty Bitcoin dipped 0.05% in the last 24 hours to US$25,764.75 as of 07:20 a.m. in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency has been largely range bound between US$25,500 and US$26,000 since last Friday. “This coldness continues in cryptocurrency market trading amid low traders’ sentiment, with continued uncertainty about the future of the regulatory environment for this market, especially in the United States,” Samer Hasn, market analyst for online brokerage XS.com, said in an emailed comment. Hasn highlighted the delayed decisions by the U.S. Securities and Exchange Commission (SEC) on Bitcoin-backed ETF applications from a number of major financial institutions, including global investment firm BlackRock. The lack of regulatory clarity has, he said, contributed to decreasing risk appetite among investors. After Bitcoin lost the key support level of US$26,000 on Sept. 1, US$25,300 could be the new “invisible hand” propping up the token’s price, said Markus Thielen, head of research & strategy at digital asset service platform Matrixport, in an emailed comment. Bitcoin fell to US$25,362.61 on Sept. 1, its lowest level since June 16. Thielen said he can see “significant” price volatility continuing as macroeconomic pressures, such as rising U.S. bond yields and dollar prices, amplify risk sentiment. Story continues Meanwhile, a U.S. regulatory body voted Wednesday in favor of a new accounting standard for crypto assets. The Financial Accounting Standards Board (FASB) will require crypto businesses to use “fair value” accounting from 2025. That means that, at least once a year, they will have to evaluate the current value of their crypto assets separately from other assets they hold. The move is considered a win for crypto businesses who view fair value accounting as a more accurate way to assess their financial health. Bitcoin rose to a high of US$25,953.02 in the immediate aftermath of the vote before falling back. Ether has lost 4.22% over the past seven days. It traded flat at US$1,632.60 for the past 24 hours, posting no gains despite news that Cathie Wood’s Ark Invest has filed for its first spot Ether ETF in the U.S. Spot Bitcoin ETF applications have boosted Bitcoin’s price in the past, but there was no such bounce for Ether as market enthusiasm for ETF applications wears off. “There’s been so much regulatory controversy about a Bitcoin spot ETF that I guess many people thought it was a step too far — but we don’t,” Wood told Bloomberg in a Thursday report . Ark Invest made the Ether ETF application in partnership with fellow asset manager 21Shares. Ophelia Snyder, co-founder of 21Shares, said in a comment posted to X that Ethereum markets are becoming more established. “If you look at the state of Ethereum markets today, especially around things like the futures products, you’re starting to get to a place where those markets are much more established.” – Ophelia Snyder, Co-founder & President of 21Shares on the spot ETH ETF filing. https://t.co/KCvaknXlvl — 21Shares (@21Shares) September 6, 2023 Other top 10 non-stablecoin cryptocurrencies traded mixed over the past 24 hours. Solana led the losers with a 3.28% drop over the past 24 hours to US$19.62, falling 6.04% for the week. Toncoin, the native token of the decentralized network TON (The Open Network), led the winners. It rose 2.67% to US$1.82 for a weekly gain of 5.81%. TON Foundation, the group behind TON, was officially registered as a non-profit organization in Switzerland on Wednesday. The total crypto market capitalization inched down 0.01% to US$1.04 trillion. Trading volume rose 7.97% to US$27.04 billion. US PMI beats expectations, raising rate hike concerns Image: Getty Images U.S. stock futures were trading lower as of 10:10 a.m. in Asia. All three major U.S. indexes closed lower on Wednesday, with the Nasdaq dipping 1.06%. All the main stock indexes across Asia logged losses. The drop in global equity markets followed Wednesday’s release of the U.S. services purchasing managers’ index (PMI) for August. The index rose from 52.7 in July to 54.5, beating analysts’ expectation of a drop to 52.5 . U.S. Federal Reserve Chair Jerome Powell said in July that the central bank will take a “data-dependent” approach when deciding how to reduce the country’s annual inflation bel Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $501,955,468,875 - Hash Rate: 393005453.9397736 - Transaction Count: 537939.0 - Unique Addresses: 785059.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Two wallets tagged as belonging to the U.S. government and linked to the Silk Road seizure of crypto have moved over $300 million worth of bitcoin (BTC) in three separate transactions on Wednesday morning, on-chain data shows. The price of bitcoin fell by 0.8% to $30,480 after the transaction was sent; it has since recovered to $30,660 as of press time. Bitcoin'sblock explorershows that the government-controlled wallets sent a total of 9,825 bitcoin ($301 million). The samewallet transferred over $1 billion in bitcoin in March, a move that caused a slump across all major cryptocurrencies. TheU.S. government previously sold 9,861 bitcoin for $216 million in March. The sale came after the government seized 50,000 bitcoin linked to the Silk Road marketplace in November.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Friday morning in Asia to trade above the resistance level of US$26,000, leading a rally across most top 10 non-stablecoin cryptocurrencies. The exceptions were Cardano and Toncoin, which both posted minor losses. Ether logged moderate gains but remained below US$1,650. U.S. financial services giant JPMorgan Chase & Co. is reportedly exploring a blockchain-based payment and settlement system, raising optimism for more institutional adoption of blockchain. U.S. stock futures traded mixed, after the S&P 500 and Nasdaq closed lower on Thursday. Stronger-than-expected jobs data has added to U.S. rate hike concerns.\nBitcoin rose 1.62% in the last 24 hours to US$26,179.43 as of 07:30 a.m. in Hong Kong, turning a weekly loss into a gain of 0.75%, according toCoinMarketCapdata. The world’s leading cryptocurrency had been trading between around US$25,500 and US$26,000 since Saturday. It reached an eight-day high of US$26,409.30 early Friday morning.\nJPMorgan, the largest bank in the U.S. by asset size, is “in the early stage” of developing a blockchain-based digital deposit token for cross-border payments and settlements. The bank has already laid out most of the underlying infrastructure, but will wait for approval from U.S. regulators before making the token itself, BloombergreportedFriday.\nDeposit tokens are transferable digital assets representing deposit claims against a commercial bank. Token transactions take place on blockchains, making deposits faster and cheaper than traditional methods.\n“It is another sign that large corporations continue to build their blockchain capabilities during this bear market,” Markus Thielen, head of research & strategy at digital asset service platform Matrixport, said in an emailed comment.\n“When it comes to crypto, some traditional players are holding back while others are making strides,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. PayPal’sannouncementthat it will launch a stablecoin has started a domino effect of institutional action in crypto, he said.\n“Once a large player kicks things off and competitors see that as a desirable/profitable set-up, it won’t be long until other players launch their own solution, if only to stay relevant in an ever-advancing space,” d’Anethan added.\nThe market is currently waiting on a decision from the U.S. Securities and Exchange Commission (SEC) regarding another U.S. financial giant — BlackRock. On June 15, the world’s top asset managerappliedfor approval to create a spot Bitcoin exchange-traded fund (ETF).\n“While most expect the SEC Blackrock decision to hit the market in October, the news of a potential ETF approval can also come any time,” Thielen said.\n“Once Bitcoin regains some momentum, the rally could have legs and bring prices back above US$30,000,” he added.\nElsewhere, Martin Gruenberg, chairman of the U.S. Federal Deposit Insurance Corporation (FDIC),saidon Thursday that despite the apparent good health of the U.S. economy, the country’s banking industry “continues to face significant downside risks from the effects of inflation, rising market interest rates, and geopolitical uncertainty.”\nBitcoin prices havehistoricallybenefited from uncertainties in the banking system, such as the crisis at Zurich-based lender Credit Suisse in March. The bank’s sudden collapsesentthe token’s price from below US$27,000 to over US$28,000 on March 19.\nEthereum gained 0.77% to US$1,644.68 over the past 24 hours and edged down 0.07% for the past seven days.\nMost other top 10 non-stablecoin cryptocurrencies logged small gains. Cardano’s ADA and the TON network’s Toncoin were the only tokens that posted losses, dipping 0.14% and 0.70% respectively. But both coins posted gains for the week at 1.07% for ADA and 3.68% for Toncoin.\nThe total crypto market capitalization gained 1.37% to US$1.05 trillion. Trading volume dropped 11.95% to US$23.81 billion.\nU.S. stock futures were trading mixed as of 09:40 a.m. in Asia. The three major U.S. indexes also closed mixed on Thursday, with the Nasdaq Composite posting a 0.89% loss. All the main Asian indexes were down Thursday morning, with Hong Kong’s Hang Seng leading the losses with a 1.34% drop.\nInitial jobless claims in the U.S.fellto 216,000 for the week ending Sept. 2, the lowest level since February. That was short of the 234,000forecastby experts in a Reuters poll.\nLast week’s August jobs data pointed to agradual softeningin the U.S. labor market. But Thursday’s jobless report shows “the labor market is still tight,” Nancy Vanden Houten, lead U.S. economist at Oxford Economics, toldBloomberg. She said the data could influence the U.S. Federal Reserve’s thinking on interest rates,\n“More moderation in job growth will be needed to keep rate hikes further down the road off the table,” Vanden Houten said.\nOn the other side, multiple Federal Reserve officialssaidon Thursday they thought the U.S. central bank should keep interest rates unchanged at its meeting on Sept. 20. In July, the Fed raised the rate to between 5.25% and 5.50% — the highest level in the past 22 years.\n“I’m not yet convinced that we’ve extinguished excess inflation. But in today’s complex economic environment, returning inflation to 2 percent will require a carefully calibrated approach—not endless buckets of cold water,” Lorie Logan, president of the Federal Reserve Bank of Dallassaidon Thursday.\nLogan said that another rate hike pause would be “appropriate” when the Fed meets again later this month.\nTheCME FedWatch Toolpredicts a 95% chance the central bank will maintain the current rate unchanged in September, up from 93% on Thursday. It gives a 57.4% chance for another pause in November.\nMeanwhile, multiple Chinese government agencies haveinstructedtheir staff not to bring iPhones to work amid tensions between Beijing and Washington. The government may alsoexpand restrictionsto state-owned enterprises and affiliated organizations.\nChina is one of Apple’s largest foreign markets. It accounted for nearlya fifthof the firm’s global revenue in 2022. Apple’s shares closed 2.92% lower on Thursday following the reports.\n“The Nasdaq is sinking as one bad Apple spoils a bunch of mega-cap tech stocks,” Edward Moya, senior market analyst at U.S.-headquartered foreign exchange corporation OANDA, toldFortuneon Friday.\n“Apple’s growth story is heavily reliant on China and if the Beijing crackdown intensifies that could pose a big problem to the bunch of other mega-cap tech companies that rely on China,” Moya said.\n(Updates with equity section.)', 'Bitcoin rose on Friday morning in Asia to trade above the resistance level of US$26,000, leading a rally across most top 10 non-stablecoin cryptocurrencies. The exceptions were Cardano and Toncoin, which both posted minor losses. Ether logged moderate gains but remained below US$1,650. U.S. financial services giant JPMorgan Chase & Co. is reportedly exploring a blockchain-based payment and settlement system, raising optimism for more institutional adoption of blockchain. U.S. stock futures traded mixed, after the S&P 500 and Nasdaq closed lower on Thursday. Stronger-than-expected jobs data has added to U.S. rate hike concerns.\nBitcoin rose 1.62% in the last 24 hours to US$26,179.43 as of 07:30 a.m. in Hong Kong, turning a weekly loss into a gain of 0.75%, according toCoinMarketCapdata. The world’s leading cryptocurrency had been trading between around US$25,500 and US$26,000 since Saturday. It reached an eight-day high of US$26,409.30 early Friday morning.\nJPMorgan, the largest bank in the U.S. by asset size, is “in the early stage” of developing a blockchain-based digital deposit token for cross-border payments and settlements. The bank has already laid out most of the underlying infrastructure, but will wait for approval from U.S. regulators before making the token itself, BloombergreportedFriday.\nDeposit tokens are transferable digital assets representing deposit claims against a commercial bank. Token transactions take place on blockchains, making deposits faster and cheaper than traditional methods.\n“It is another sign that large corporations continue to build their blockchain capabilities during this bear market,” Markus Thielen, head of research & strategy at digital asset service platform Matrixport, said in an emailed comment.\n“When it comes to crypto, some traditional players are holding back while others are making strides,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. PayPal’sannouncementthat it will launch a stablecoin has started a domino effect of institutional action in crypto, he said.\n“Once a large player kicks things off and competitors see that as a desirable/profitable set-up, it won’t be long until other players launch their own solution, if only to stay relevant in an ever-advancing space,” d’Anethan added.\nThe market is currently waiting on a decision from the U.S. Securities and Exchange Commission (SEC) regarding another U.S. financial giant — BlackRock. On June 15, the world’s top asset managerappliedfor approval to create a spot Bitcoin exchange-traded fund (ETF).\n“While most expect the SEC Blackrock decision to hit the market in October, the news of a potential ETF approval can also come any time,” Thielen said.\n“Once Bitcoin regains some momentum, the rally could have legs and bring prices back above US$30,000,” he added.\nElsewhere, Martin Gruenberg, chairman of the U.S. Federal Deposit Insurance Corporation (FDIC),saidon Thursday that despite the apparent good health of the U.S. economy, the country’s banking industry “continues to face significant downside risks from the effects of inflation, rising market interest rates, and geopolitical uncertainty.”\nBitcoin prices havehistoricallybenefited from uncertainties in the banking system, such as the crisis at Zurich-based lender Credit Suisse in Ma Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $503,553,153,125 - Hash Rate: 358011817.6300677 - Transaction Count: 414799.0 - Unique Addresses: 694292.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Australian actress Margot Robbie, star of the breakout summer blockbuster “Barbie,” called Bitcoin a "Ken thing," in a playful remark directed at her husband this week. It got me thinking: Barbie would have been a fan of Bitcoin. After all, Barbie's legacy of autonomy, entrepreneurship and empowerment aligns precisely with the principles of Bitcoin. Aubrey Strobel is the host of"The Aubservation"podcast. Barbie's story begins in 1959, a time when women faced significant social and legal barriers to financial independence. The Equal Credit Opportunity Act that granted women the right to open a bank account independently was still 15-years away. Despite this, Barbie became an icon and a symbol of feminine empowerment, a story that was expertly reimagined in director Greta Gerwig's latest film. Barbie is full of contradictions: she's materialistic yet a good role-model, hyper-feminine but stridently independent, literally plastic while also being so much more. She surmounted countless obstacles and prejudices while reinforcing others, but also, ultimately, showed that empowerment doesn't always follow a predetermined script. How did Barbie go from being essentially unbanked to a household name across the globe and model for empowerment? One of the most compelling aspects of Barbie's legacy is her representation as a businesswoman. Throughout the years, she has been a leader across industries and professions as an astronaut, doctor and computer engineer – breaking gender stereotypes and demonstrating anyone can achieve anything to which they set their minds. Perhaps most importantly, she set a powerful example for young girls and women to take control of their finances. Drawing parallels between Barbie's entrepreneurial journey and the principles of Bitcoin, we find a shared pursuit of financial independence and self-empowerment. Bitcoin, as a decentralized digital currency, enables individuals to manage their financial futures without relying on traditional financial institutions. Of course Barbie the trailblazer, the independent thinker, and go-getter would see the value in Bitcoin. See also:Aubrey Strobel – Yuga Labs' Embrace of Bitcoin NFTs Is a Big Deal\| Opinion Just as Barbie has challenged gender norms and pushed boundaries, Bitcoin can be a means for women to challenge the male-dominated financial landscape. Bitcoin allows female entrepreneurs to break into a fast-moving startup field and take charge, a legacy Barbie would be proud of. Perhaps Mattel should consider Barbie the cypherpunk or Barbie the crypto futurist next. Promoting the achievements of women within the fintech space is crucial in challenging the misconception that Bitcoin is exclusively for men. Recognizing and celebrating female pioneers, traders, developers and influencers within the community will foster a more inclusive environment. The spirit of Barbie's entrepreneurship aligns with the principles of Bitcoin. By showcasing her journey as a successful businesswoman, we can draw parallels between Barbie's empowerment and the opportunities Bitcoin offers. We should encourage more women, perhaps inspired by Barbie’s message, to also embrace Bitcoin. Bitcoin is a pathway for financial independence – a "Barbie thing."... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• Major indexes ended Friday higher but were down on the week as rate fears persisted.\n• Signs of a tight labor market renewed fears of further interest rate hikes this year.\n• Apple fell 5% during the week on fears of a widening crackdown in China on the use of iPhones.\nUS stocks closed mixed on Friday, with two of the major indexes ending the day nearly flat, though the market ended the week lower.\nThrough the week, the S&P 500 fell 1.26%, the Dow fell 0.53%, and the Nasdaq dropped 2.11%.\nThe last few days have reignited investor concerns over further interest rate hikes, as a Thursday report showed a still-tight labor market, with weekly jobless claims coming in at 216,000, lower than 230,000 expected by economists and the lowest reading since February.\nFears eased somewhat after New York Fed President John Williams described the economy as headed "in the right direction." According to theCME FedWatchTool, 43.5% of investors are expecting an interest rate hike in November.\nAmong individual names,Applewas especially notable this week, as China\'s iPhone ban for governmental officials sparked fear among shareholders of further restrictions. The tech giant\'s shares slid 5.1% this week.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500: 4,457.58, up 0.14%\n• Dow Jones Industrial Average: 34,577.28, up 0.22% (+76.55 points)\n• Nasdaq Composite:13,761.53, up 0.09%\nHere\'s what else is going on:\n• Federal Reserve economists are opening up to thepossibility of a goldilocks scenario.\n• A Wall Street analyst put out a note defending Nvidiaagainst a conspiracy theory making the rounds on Twitter.\n• The founder of failed crypto exchange Thodex was sentenced toover 11,000 years in prison.\n• Russia will sell China gas for half the pricethat European importers will have to pay.\n• Texas\' emergency-level heat wave causedpower prices to jump 20,000%on Wednesday.\nIn commodities, bonds, and crypto:\n• Oil prices rose.West Texas Intermediaterose 0.5% to $87.31 a barrel.Brent crude, the international benchmark, climbed 0.6% to $90.48 a barrel.\n• Goldedged slightly higher to $1,942.70 an ounce.\n• The10-year Treasury yieldinched down to 4.258%.\n• Bitcoinwas slightly higher at $25,881.\nRead the original article onBusiness Insider', 'U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC. Drew Angerer/Getty Images Major indexes ended Friday higher but were down on the week as rate fears persisted. Signs of a tight labor market renewed fears of further interest rate hikes this year. Apple fell 5% during the week on fears of a widening crackdown in China on the use of iPhones. US stocks closed mixed on Friday, with two of the major indexes ending the day nearly flat, though the market ended the week lower. Through the week, the S&P 500 fell 1.26%, the Dow fell 0.53%, and the Nasdaq dropped 2.11%. The last few days have reignited investor concerns over further interest rate hikes, as a Thursday report showed a still-tight labor market, with weekly jobless claims coming in at 216,000, lower than 230,000 expected by economists and the lowest reading since February. Fears eased somewhat after New York Fed President John Williams described the economy as headed "in the right direction." According to the CME FedWatch Tool, 43.5% of investors are expecting an interest rate hike in November. Among individual names, Apple was especially notable this week, as China\'s iPhone ban for governmental officials sparked fear among shareholders of further restrictions. The tech giant\'s shares slid 5.1% this week. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,457.58, up 0.14% Dow Jones Industrial Average : 34,577.28, up 0.22% (+76.55 points) Nasdaq Composite : 13,761.53, up 0.09% Here\'s what else is going on: Federal Reserve economists are opening up to the possibility of a goldilocks scenario . A Wall Street analyst put out a note defending Nvidia against a conspiracy theory making the rounds on Twitter. The founder of failed crypto exchange Thodex was sentenced to over 11,000 years in prison . Russia will sell China gas for half the price that European importers will have to pay. Texas\' emergency-level heat wave caused power prices to jump 20,000% on Wednesday. In commodities, bonds, and crypto: Oil prices rose. West Texas Intermediate rose 0.5% to $87.31 a barrel. Brent crude , the international benchmark, climbed 0.6% to $90.48 a barrel. Gold edged slightly higher to $1,942.70 an ounce. The 10-year Treasury yield inched down to 4.258%. Bitcoin was slightly higher at $25,881. Read the original article on Business Insider', "When longtime crypto firm Grayscalebeat the SECbefore the influential D.C. Circuit Court of Appeals last week, it was the industry’s most high-profile legal victory to date. The decision joins two other recent rulings that likely will pave the way for crypto to enter mainstream finance.\nThis should be a moment of celebration for Web3 enthusiasts—courts are clearing longstanding legal obstacles to blockchains adding billions of users—but this moment also could prove a crossroads in determining how those users come “on chain”—and whether that process will uphold the crypto community’s long-cherished value of decentralization and its benefits, or whether that ideal will be betrayed.\nLet’s take a look at the court rulings themselves, includingthe recent Grayscale case, which challenged the SEC’s longstanding refusal to grant a spot Bitcoin ETF. While the decision does not command the SEC to approve the ETF, it makes an eventual approval almost a foregone conclusion (though the SEC delaying its decisions on all spot bitcoin ETFs after the Grayscale decision means it will not be immediate). One reason for this is that traditional financial institutions with whom the SEC is likely more comfortable—such as the largest money manager in the world, Blackrock—are also keen to get into the bitcoin-spot-ETF game. As my colleague PeterFoxobserved, “[r]etail investors and institutions alike may be attached to bigger names,” and Grayscale might have unwittingly been doing Wall Street’s homework.\nWhile the SEC could find ways to keep fighting over spot bitcoin ETF listings, the agency may see a silver lining in admitting defeat here, as that would guarantee the SEC some piece of the regulatory pie. One could even see a world in which spot ETFs for crypto tokens other than BTC and ETH proliferated. While that may be a big win for the institutions issuing and managing those funds, a world in which retail traders primarily access these tokens through such funds—rather than holding, trading, and using them directly through user-controlled digital wallets—would be a huge waste of potential, stifling innovative business models the technology enables.\nThe recent order in the Ripple case in the Southern District of New York represents another big symbolic victory for the industry after the scandals and market funk of the last year. Iwroteabout this at greater length earlier with my colleagues, but, for present purposes, the important thing to note is the order does not establish a precedent (or win the case for Ripple). So the order’s knock-on effects are likely limited, and while it does supply the industry with ample ammunition in the form of legal arguments to bolster various use cases and business models, the order’s real impact could be as fleeting as Terra scammer Do Kwon’s15 minutes of fame.\nThen there is the Uniswap case. Although not an SEC-related decision action, and the least high-profile of the three cases examined here, therecent dismissalof a class-action against Uniswap is likely to prove influential in the long term. The case itself involved claims by putative “investors” that Uniswap,its CEO, and its biggest venture capital backers were liable for scammy tokens sold by unknown actors who were using the firm’s decentralized protocol.\nShowing a deft understanding of the function of the decentralized technology at issue, Judge Polk Failla of SDNY found, with respect to liability under the Exchange Act, that “third-party human intervention caused the harm, not the underlying platform.” Developers writing smart contracts are not entering into a legal contract with any user of such smart contract, she wrote, and so “it defies logic that a drafter of computer code underlying a particular software platform could be liable” for another person’s misuse of the platform.\nThat decision lets us observe a court that understands the technology, the gaps in the law, and the various arguments about how and why particular rules from the federal securities laws should—or should not—apply. The court also concedes that the state of industry regulation is in flux, but the best ammunition for the industry is language supporting the proposition that writing code underlying a smart contract does not a financial institution make. Not holding people liable for what bad actors do with their publicly published computer code is a good result.\nThis important victory may prove only pyrrhic, though, if important legal issues (e.g. token security status) are not resolved in a more comprehensive and systemic fashion. Disputes settled in court seldom make the best policy. And while Wall Street can bring liquidity, know-how, and legitimacy to crypto, entrepreneurs must be allowed to experiment with business models unlocked by the technology.\nOtherwise, this mainstream moment will be a missed opportunity. Rather than a billion users holding and trading NFTs, yield farming through DeFi, and storing files on decentralized protocols like Filecoin, mainstream crypto could mean Wall Street offering financial products that integrate crypto, relegating blockchains to the backend. Rather than decentralized protoco Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $504,566,373,075 - Hash Rate: 406464544.828122 - Transaction Count: 597409.0 - Unique Addresses: 927787.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Michael M. Santiago/Getty Images US stocks rose Thursday even as the 10-year Treasury yield hits the highest since 2008. The benchmark rate reached 4.30% after hawkish comments from the Fed. Dow Jones Industrial Average components Walmart and Cisco beat earnings views. US stocks opened higher Thursday amid positive earnings reports, while the 10-year Treasury yield hit the highest level since 2008. Dow Jones Industrial Average components Walmart and Cisco rallied after reporting strong quarterly earnings. Meanwhile, the 10-year yield reached 4.30% before easing back a bit. On Wednesday, minutes from the Federal Reserve's meeting last month revealed that policymakers remained concerned about inflation and were open to further rate hikes. The Labor Department also reported early Thursday that jobless claims fell to 239,000 last week from 248,000 in the prior week, largely matching forecasts for 240,000. The Philadelphia Fed's manufacturing index improved to 12.0 in August from -13.5 in July, topping estimates for -10.2. Here's where US indexes stood after the 9:30 a.m. opening bell on Thursday: S&P 500 : 4,419.66, up 0.38% Dow Jones Industrial Average : 34,851.37, up 0.25% (85.63 points) Nasdaq Composite : 13,525.47, up 0.38% Here's what else is going on today: Stocks will charge higher as economic fears fade and bears give up, Bill Miller said. Ken Griffin's Citadel is having another good year as its flagship fund surges 9%. US real yields surge to 2009 highs , recalling post-Lehman carnage. Load up on bonds for their juicy yields before the stock-market rally loses steam, said Morgan Stanley. In commodities, bonds, and crypto: Oil prices were lower. West Texas Intermediate crude oil climbed 1.1% to $80.26 a barrel. Brent , the international benchmark, rallied 1% to $84.29 a barrel. Gold edged up 0.08% to $1,930 per ounce. The yield on the 10-year Treasury rose 4 basis points to 4.298%. Bitcoin dipped 2.1% to $28,486. Read the original article on Business Insider... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Taking place at the Shilla Hotel in central Seoul, the sixth annual Korea Blockchain Week’s main two-day conference, Impact, hosted 263 different blockchain companies, attracting over 6,000 participants eager to learn about the industry’s ups and downs in a year dominated by bear market sentiment. Much of the 85 panel discussions focused on differences in the regulatory environments of the U.S. — traditionally the largest single crypto market and source of much of the industry’s funding — and Asia, where various jurisdictions including South Korea and Japan are creating a more crypto-friendly environment for developers and investors alike. Caroline Pham, a commissioner at U.S. regulator the Commodity Futures Trading Commission (CFTC), said during her fireside chat at KBW that she sees a unified approach between policymakers, regulators and the private sector in Asia that encourages innovation. “I think it’s funny that in the United States we have been so used to some of the tremendous successes that we’ve had in the tech sector that we take it for granted,” Pham said. “It’s like everything (in Asia) is 10 years ahead of where we are in the U.S.” That is less related to technical skill or knowledge, she said, but “because there’s an openness to technology and to changing things.” US scrutiny Another U.S. regulator, the Securities and Exchange Commission (SEC ), has stepped up scrutiny of the crypto industry this year based on the claim that most cryptocurrencies other than Bitcoin are securities. This logic has guided the agency’s lawsuits against a number of digital asset firms including software developer Ripple Labs , cryptocurrency exchange Coinbase Global and Paxos Trust, the issuer of the Binance USD (BUSD) stablecoin. Most of the SEC’s lawsuits are yet to be settled as the cryptos-as-securities claim is disputed by the companies involved. In July, the U.S. court ruled that programmatic sales of Ripple’s XRP token do not qualify as securities offerings. The SEC filed an appeal against the ruling the following month, which Ripple then asked the court to deny. Such delays in establishing crypto rules may hinder industry growth, former White House cybersecurity director Carole House said during a talk about the regulatory landscapes of the U.S. and Asia. House warned that “overly harsh” regulation of the crypto industry could stifle blockchain innovation in the U.S. In contrast, Konstantin Richter, the CEO and founder of California-based blockchain infrastructure company Blockdaemon, said regulatory scrutiny in the U.S. is a long-term positive for the industry, despite current difficulties. Story continues “Ultimately, all the legal travails that we have here are going to lead to clarity, which is really all we want,” Richter said in a video interview prior to the event. Eastward movement While opinions varied on U.S. crypto regulation, most conference participants agreed that the Asia region is taking significant regulatory strides. “I really do think that the Asia-Pacific has been a powerhouse driver,” House said, highlighting that Japan’s regulatory framework has contributed to the global standard for anti-money laundering in crypto. Sam Seo, the representative director of Klaytn Foundation, the public blockchain platform from the leading South Korean mobile platform Kakao, said he foresees a wave of companies moving to Asia to take advantage of the favorable conditions. Gemini, the cryptocurrency exchange founded by the Winklevoss brothers, announced in June that it is growing its headcount in Singapore to operate as a hub for expansion in the Asia-Pacific. Seo cited Klaytn’s new partnership with Luxembourg-based asset tokenization platform Tokeny as another example. Sam Seo, Representative Director at Klaytn Foundation. Image: Forkast “[Tokeny has] been operating their business for quite a long time, but they were mostly focused in the U.S. market or the Europe market. They are now looking at the Asia market,” said Seo, adding that he believes this is the “beginning of a bigger trend.” Dominic Jang, head of business development at Singapore-based blockchain game platform Oasys, said industry movement eastward to Asia is particularly apparent in the Web3 gaming sector. “We’re seeing more and more U.S. companies doing blockchain gaming seeking [the Asian market],” Jang said, adding that Asian audiences provide a growth market missing in the U.S. due to unfavorable regulations. Regulatory clarity Ryo Matsubara, a Japanese national and director of Oasys, said that regulatory clarity plays a big role in attracting business to Asia, citing the regulatory situation in Japan as an example. He said that after the high profile hacks of the Mt.Gox and Coincheck crypto exchanges in 2014 and 2018 respectively, Japanese regulators established a strict set of criteria for cryptocurrencies. “Under Japanese rules, crypto is crypto, not a security,” Matusbara said. “So making the [clear] definition of crypto is very important.” kbw In the case of South Korea, the country’s top financial regulator, the Financial Services Commission, announced a bill in July to amend securities regulations in a way that accommodates security token offerings, or STOs. While the bill has not yet received approval by legislators, major financial institutions are already looking to expand into the digital asset industry. On Aug. 30, South Korea’s financial leaders Woori Bank, Samsung Securities and SK Securities formed an alliance for cooperation on developing security tokens. Hong Kong also successfully rolled out its own crypto licensing regime earlier this year, positioning itself as a digital asset regulatory sandbox for China. In Southeast Asia, Singapore and Thailand ramped up crypto user protection regulations in July. Singapore now mandates that crypto firms must hold customer assets in third-party trusts, while Thai authorities introduced bans on crypto lending and staking services. Despite the tightening of restrictions, the new rules are seen as necessary for industry growth in the two countries. Move over, USA? While SEC boss Gary Gensler’s term ends in June 2026, he has been on the end of calls to resign from U.S. crypto advocates who consider him hostile to the industry. #FireGaryGensler was trending on X, formerly Twitter, on Aug. 30 after a U.S. district court ruled against the SEC’s denial of Grayscale Investment’s Bitcoin exchange-traded fund proposal on the grounds it was “arbitrary.” “His voice is quite the opposite to that of Web3 and crypto projects,” Seo said, adding that Gensler’s words have “a big impact” on the industry and its perception among the public. Asia’s chance of challenging the U.S. to become the center of the crypto world therefore “depends on who will be the successor” to Gensler at the SEC, Seo said. If the current period of regulatory scrutiny continues much longer, he added, it could drive the nation’s talent to look for friendlier locations in Asia or Europe. The Klaytn director concluded by saying that blockchain innovation is key to Asia’s success. While U.S. financial markets are strong, he said, Asia is far more populous and can take the reins as the world’s leader in Web3 — if it finds the right ways to put blockchain tech to use. View comments', 'Taking place at the Shilla Hotel in central Seoul, the sixth annual Korea Blockchain Week’s main two-day conference, Impact, hosted 263 different blockchain companies, attracting over 6,000 participants eager to learn about the industry’s ups and downs in a year dominated by bear market sentiment. Much of the 85 panel discussions focused on differences in the regulatory environments of the U.S. — traditionally the largest single crypto market and source of much of the industry’s funding — and Asia, where various jurisdictions including South Korea and Japan are creating a more crypto-friendly environment for developers and investors alike. Caroline Pham, a commissioner at U.S. regulator the Commodity Futures Trading Commission (CFTC), said during her fireside chat at KBW that she sees a unified approach between policymakers, regulators and the private sector in Asia that encourages innovation. “I think it’s funny that in the United States we have been so used to some of the tremendous successes that we’ve had in the tech sector that we take it for granted,” Pham said. “It’s like everything (in Asia) is 10 years ahead of where we are in the U.S.” That is less related to technical skill or knowledge, she said, but “because there’s an openness to technology and to changing things.” US scrutiny Another U.S. regulator, the Securities and Exchange Commission (SEC ), has stepped up scrutiny of the crypto industry this year based on the claim that most cryptocurrencies other than Bitcoin are securities. This logic has guided the agency’s lawsuits against a number of digital asset firms including software developer Ripple Labs , cryptocurrency exchange Coinbase Global and Paxos Trust, the issuer of the Binance USD (BUSD) stablecoin. Most of the SEC’s lawsuits are yet to be settled as the cryptos-as-securities claim is disputed by the companies involved. In July, the U.S. court ruled that programmatic sales of Ripple’s XRP token do not qualify as securities offerings. The SEC filed an appeal against the ruling the following month, which Ripple then asked the court to deny. Such delays in establishing crypto rules may hinder industry growth, former White House cybersecurity director Carole House said during a talk about the regulatory landscapes of the U.S. and Asia. House warned that “overly harsh” regulation of the crypto industry could stifle blockchain innovation in the U.S. In contrast, Konstantin Richter, the CEO and founder of California-based blockchain infrastructure company Blockdaemon, said regulatory scrutiny in the U.S. is a long-term positive for the industry, despite current difficulties. Story continues “Ultimately, all the legal travails that w Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $503,378,279,662 - Hash Rate: 395697272.1174433 - Transaction Count: 558395.0 - Unique Addresses: 847065.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: 36Kr Holdings Inc. (NASDAQ: KRKR ) Q2 2023 Earnings Call Transcript August 31, 2023 Operator: Hello, ladies and gentlemen, thank you for standing by for 36Kr Holdings Inc.'s Second Quarter 2023 Earnings Conference Call. [Operator Instructions] After management's remarks, there will be a question-and-answer session. Today's conference is being recorded. I will now turn the call over to your host, Jainan [ph], IR Manager of the company. Please go ahead, Jainan [ph]. Unidentified Company Representative: Thank you very much. Hello everyone and welcome to 36Kr Holdings second quarter 2023 earnings conference call. The company's financial and operational results were released earlier today and have been made available online. You can also view the earnings press release by visiting the IR section of our website at ir.36kr.com. Participants on today's call will include our Co-Chairman and CEO, Mr. Dagang Feng; and our Chief Financial Officer, Ms. Lin Wei. Mr. Feng will start the call by providing an overview of the company and performance highlights of the quarter in Chinese, followed by an English interpretation. Ms. Wei will then provide details on the company's financial results before opening the call for your questions. Before we continue, please note that today's discussion will contain forward-looking statements made under the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's results may be materially different from the views expressed today. Further information regarding this and other risks and uncertainties is included in the company's prospectus and other public filings as filed with the U.S. SEC. The company does not assume any obligation to update any forward-looking statements except as required under applicable law. Please note that 36Kr's earnings press release and this conference call include discussions of unaudited GAAP financial measures as well as unaudited non-GAAP financial measures. Story continues 36Kr's earnings press release contains a reconciliation of the unaudited non-GAAP measures to the unaudited GAAP measures. And please note that all amount numbers are in RMB. I will now turn the call over to our Co-Chairman and CEO, Mr. Dagang Feng. Pal, please go ahead. Dagang Feng: Thank you. Hello, everyone. Thank you for joining our second quarter 2023 earnings conference call. We are glad to note that our primary business segments continue to develop with steady growth in the second quarter of 2023. Our total revenue increased by 3% year-over-year, with revenue from our enterprise value-added services up 17% year-over-year and revenue from our subscription services up 11% year-over-year. Notably, our gross margin rebounded strongly to 55%. We also made great strides in both 2B and 2C businesses as we continue to enhance our high-quality multidimensional content matrix and deeply form [ph] AI empowerment and applications in diverse scenarios across our business segments, we embarked on the new development stage of diversified growth. First off, content, we particularly explore new growth areas for our content ecosystem during the COVID and made great advancements on multiple fronts, including greater industry coverage, content asset accumulation, high-quality customer engagement and our broadening multichannel distribution network. Furthermore, the number of our blockbuster articles kept rising in the second quarter. We had 160 articles [ph] with pageviews exceeding 100,000, fully showcasing 36Kr's leading insights and industry influence. Our consistent creation of high-quality content enabled us to meaningfully expand our user base and enhance long-term user loyalty. As of the end of the second quarter, we had more than 30 million followers, up 21% year-over-year, achieving 9 consecutive quarters of growth. The vertical media we launched, including Waves and the Emergency of Intelligence, achieved continuous impressive outcomes, allowing users to gain deeper insights into booming sectors and equally important, further cementing our leadership in the New Economy sector. We also further solidified our content advantage in our 2C business during the quarter by optimizing the content of Super Review, a product test review program and Youth White Paper, a survey report column, we attracted a broader audience through more appealing content offerings on everyday life. We also enriched our media format through the launch of a live broadcast entitled [indiscernible]. We have also been actively working on audio offerings to bring more listeners more up-to-the-minute business intelligence as well as fun ideas and topics to enjoy each day. I also want to highlight our short video business to an integrated approach to branding, New Economy content and content monetization. We have accelerated optimization of our short video content matrix, transforming it into a new growth region for advertising and marketing. Some of the short videos were created on trending topics were streamed over 1 million times, including Coffee Home [ph], Why Buy When You Can Rent and Elon Musk's Plan on Earth, thanks to their diverse ideas and fresh perspectives that kept our users engaged. As of the end of the second quarter, we had over 8.3 million short video followers, up 42% year-over-year, among which more than 2 million were Bilibili users. We have indeed become a leader among all platform-based official accounts and we stand ready to seize more opportunities for commercialization of cooperation. We also successfully wrapped up the first season of our first long video show Foreseeing 2033 which will soon return for a second season and attracted immerse audience attention, bringing us additional commercialization opportunities with leading companies. As we diversify and strengthening our content landscape with innovative things and formats, we also developed our short video lineup on a wide variety of platforms, including Bilibili, Douyin, Kuaishou, Xiaohongshu, Xigua and WeChat Video Account, partnering diverse groups of users with precise marketing. These initiatives made our content more engaging and empowered more effective, more powerful communication with users. Recently, we entered into a strategic cooperation with Beijing Radio and Television Station to promote the full life cycle synergetic development of long videos from project planning and content production all the way to distribution, promotion and IP commercialization. We also explore more AIGC use big cases for our business during the quarter. Through content production, product innovation, we have been actively integrating pioneering AI technology into our day-to-day operations, including copywriting translation, keyword matching, image generation and intelligent customer service among other functions. In our AI e-commerce store, our first live-streaming sales session hosted by digital humans was a big hit with 160,000 views and a impressive daily GMV exceeding RMB10,000. It was included in Taobao's list of super-sorted [ph] emerging shopping stores. During the 618 e-commerce shopping festival, we were featured on China Central Television and the program was broadcast on multiple channels, including CCTV.com as well as the CCTV App. Our AI marketing success story was again highly recognized by the China Content Marketing Award, a testament to our leadership in AI innovation and applications. On a related note, we recently entered into a strategic cooperation with Baidu, joining hands in broadening AI application across our media platforms, enterprise services and training, driving commercialization and innovation as we empower mutual growth. Our teams are working closely on a diversified AI-powered landscape, including content production and application marketplace showcasing applications powered by large language model, LLM functions, LLM solutions and training programs on AI applications. In summary, as we persistently advance and empower our content ecosystem with AI technology, we propelled our business steady growth, laying a solid foundation for continuous performance improvement. Next, I'd like to review our commercialization progress during the second quarter. In the second quarter of 2023, our total revenue increased by 3% year-over-year to RMB84.36 million. Notably, our advertising revenue reached RMB57 million, basically on par with the same period last year. Our advertising ARPU increased to RMB310,000, up 14% year-over-year. 36Kr provides customers with differentiated content offerings and creative services tailored to the features of each and every brand. Our one-stop marketing solution centered on branding and efficacy provide customers with precise effective marketing promotions, targeting diverse customer groups. In the second quarter, to actively address the need of our customers, we deepened the cooperation with global giants such as Alibaba, JD.com and Huawei and added new accounts to broadening our industry reach. We also signed the Givenchy, our first luxury brand and designed an innovative, engaging flash and content to them. Furthermore, we created diverse promotional content for [indiscernible] household applicants in the form of graphics, texts, videos as well as test reviews and promoted them across numerous online channels through our new media matrix. Our multidimensional targeted approach helped effectively reach their target users, winning us race from the time. Next, our short video business which delivered another quarter of stellar results. In the second quarter of 2023 as Tencent's advertising business partner, we were invited to Cannes and offer extensive onsite coverage at the Cannes Lions International Festival of Creativity. Meanwhile, we released a short-form TV commercial with [indiscernible] tell its low carbon story showcasing strong ESG commitment. Regarding the auto content matrix we launch... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below the resistance level of US$26,000. Ether also fell to near the US$16,000 mark after a hack on the X account of Ethereum founder Vitalik Buterin. Other top 10 non-stablecoin cryptocurrencies logged losses. Solana’s SOL led the losers with a 24-hour slide of over 6%. Bankrupt crypto exchange FTX could soon get the greenlight to liquidate its US$3.4 billion in crypto holdings, adding to selling pressure in the market. U.S. stock futures traded higher after Wall Street logged weekly losses Friday. Investors now look ahead to the release of more U.S. inflation data later in the week for clues on upcoming interest rate policy.\nBitcoin dipped 0.25% in the last 24 hours to US$25,831.97 as of 07:50 a.m. in Hong Kong. It lost 0.53% for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency briefly traded above US$26,000 last Friday. But it soon lost that support level and remained range bound over the weekend at around US$25,900.\nEther, the Ethereum blockchain’s native token, fell 1.12% to US$1,616.79, and dropped 1.18% over the past seven days.\nEthereum founder Vitalik Buterin’s account on X, formerly Twitter, was hacked Sunday, leading tolossestotalling around US$691,000 for some of Buterin’s followers, according to blockchain investigator ZachXBT. Hackers posted links to a scam non-fungible token (NFT) project on Buterin’s Twitter page, advising users to connect their crypto wallets before withdrawing the funds.\nButerin’s father confirmed in atweetSunday that his son had been hacked and was restoring his X account. The alleged scam post has now been removed from the account. Buterin himself is yet to comment on the hack.\nAll other top 10 non-stablecoin cryptocurrencies posted losses in the past 24 hours. Solana led the losers, falling 6.17% to US$18.25 for a weekly loss of 6.80%.\nOn Sunday, a Wall Street Journalreportpredicted a September pause in the U.S. Federal Reserve’s interest rate hiking cycle. The report “probably had many investors re-thinking their valuations — not just for crypto but for risk assets in general,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nThe market is also facing downward pressure from the latest FTX news. The collapsed cryptocurrency exchange is likely to receive approval on Sept.13 to start liquidating its crypto holdings, according to a tweet Saturday from blockchain analysts Whale Alert.\nAfterfiling for bankruptcyin November 2022, the exchange still holds anestimatedUS$3.4 billion worth of crypto assets. Part of the bankruptcyplanset up for the firm allows for the sale of up to US$100 million in crypto assets per week, which can be extended to US$200 million under certain circumstances.\nCrypto analysts suggest the news could weigh on the market after gains earlier in the summer. Blockchain research firm IntoTheBlocktweetedSunday that “despite positive news aboutVisaand a potentialspot ETH ETF, FTX’s impending US$3 billion liquidation could be dictating market movement.”\nThe selling pressure from FTX will cause altcoins to underperform Bitcoin throughout the remainder of the year, Markus Thielen, head of research & strategy at digital asset service platform Matrixport, said in a SundayLinkedIn post.\nThe potential selling of FTX’s crypto holdings could hit Solana particularly hard, according to Rachael Lucas, crypto technical analyst at Australia-based crypto exchange BTC Markets. The token “forms a substantial portion of these assets, with an estimated value of approximately $685 million. This impending event has heightened the sense of uncertainty among SOL investors.”\nMeanwhile, Bitcoin is on the verge of a “death cross” — where the token’s short-term, 50-day Simple Moving Average (SMA) moves below its long-term, 200-day SMA. That could signal a coming slide in Bitcoin prices, Lucas said.\nAs of 09:50 a.m. in Hong Kong, Bitcoin’s 50-day SMA sat at US$27,658.19, with a 200-day SMA of US$27,608.57. Following the previous Bitcoin death cross on Jan.14, 2022, the token’s price dropped over 10% within seven days.\n“The looming question that occupies the minds of market participants pertains to whether Bitcoin will chart a similar course in response to this bearish technical pattern or has the market already priced in this event?” Lucas said.\n“This uncertainty is exacerbated by the forthcoming release of U.S. inflation figures, with technical indicators currently signalling the potential for further downside,” she added.\nThe total crypto market capitalization dropped 0.74% in the past 24 hours to US$1.04 trillion. Trading volume rose 50.61% to US$20.25 billion.\nU.S. stock futures edged up as of 11:00 a.m. in Hong Kong. All three major U.S. indexes closed moderately higher on Friday but logged weekly losses. The Dow Jones Industrial Average led the winners on Friday with a 0.22% uptick, but ended the week 0.86% lower.\nThe main stock indexes in Asia were mixed on Monday morning. China’s Shanghai Composite and South Korea’s Kospi moved higher. Hong Kong’s Hang Seng dropped 1.38% while Japan’s Nikkei 225 also posted a 0.19% loss.\nThe U.S. consumer price index (CPI) for August will be released on Wednesday. Analystsexpectthe inflation gauge to rise 3.8% year-on-year, up from 3.2% in July, according to the Federal Reserve Bank of Cleveland last Friday.\nA recent rise inoil pricesand stronger-than-expectedgrowthin U.S. services recorded last week have fueled inflation concerns in the U.S.,Reutersreported Saturday.\n“My expectation is that the CPI print could come in higher than expected (with) the price of oil pushing higher,” Phil Blancato, chief executive officer of U.S.-based investment advisory firm Ladenburg Thalmann Asset Management, said in the report.\n“We have a problem where ultimately the Fed may be pushed into a corner, and while they might take a pause because of the lag effect, I don’t think they’re done,” said Blancato.\nThe CPI prediction of 3.8% is still higher than the Federal Reserve’s long-term goal of reducing the annual inflation rate below 2%. The Fed raised the interest rate in July to between 5.25% and 5.50%, the highest level since early 2001.\nThe U.S. CPI data on Wednesday is unlikely to affect Fed thinking ahead of its September meeting, Mohamed A. El-Erian, an adviser to Germany-based financial services firm Allianz, tweeted on Monday. But it could influence future rate decisions, beginning November, he said.\nTheCME FedWatch Toolpredicts a 93% chance the central bank will maintain the current rate unchanged in September. It gives a 53.5% chance for another pause in November, down from 57.4% last Friday.\nMeanwhile, China’s CPI index posted a slim annual increase of 0.1% in August. The increase haseaseddeflationary pressure on Beijing slightly\n“Many data we’re seeing now shows that the economy’s slump may be slowing in the coming months,” Raymond Yeung, chief economist for Greater China at Australia & New Zealand Banking Group Ltd., toldBloomberg. Yeung also noted a slowdown in China’sexportslump in August. But he said the slowdowns should not be read as a sign of long-term recovery just yet.\n“It will be more of a stabilization instead of a complete rebound,” Yeung said.\n(Updates with equity section.)', 'There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below the resistance level of US$26,000. Ether also fell to near the US$16,000 mark after a hack on the X account of Ethereum founder Vitalik Buterin. Other top 10 non-stablecoin cryptocurrencies logged losses. Solana’s SOL led the losers with a 24-hour slide of over 6%. Bankrupt crypto exchange FTX could soon get the greenlight to liquidate its US$3.4 billion in crypto holdings, adding to selling pressure in the market. U.S. stock futures traded higher after Wall Street logged weekly losses Friday. Investors now look ahead to the release of more U.S. inflation data later in the week for clues on upcoming interest rate policy.\nBitcoin dipped 0.25% in the last 24 hours to US$25,831.97 as of 07:50 a.m. in Hong Kong. It lost 0.53% for the week, according toCoinMarketCapdata. The world’s leading cryptocurrency briefly traded above US$26,000 last Friday. But it soon lost that support level and remained range bound over the weekend at around US$25,900.\nEther, the Ethereum blockchain’s native token, fell 1.12% to US$1,616.79, and dropped 1.18% over the past seven days.\nEthereum founder Vitalik Buterin’s account on X, formerly Twitter, was hacked Sunday, leading tolossestotalling around US$691,000 for some of Buterin’s followers, according to blockchain investigator ZachXBT. Hackers posted links to a scam non-fungible token (NFT) project on Buterin’s Twitter page, advising users to connect their crypto wallets before withdrawing the funds.\nButerin’s father confirmed in atweetSunday that his son had been hacked and was restoring his X account. The alleged scam post has now been removed from the account. Buterin himself is yet to comment on the hack.\nAll other top 10 non-stablecoin cryptocurrencies posted losses in the past 24 hours. Solana led the losers, falling 6.17% to US$18.25 for a weekly loss of 6.80%.\nOn Sunday, a Wall Street Journalreportpredicted a September pause in the U.S. Federal Reserve’s interest rate hiking cycle. The report “probably had many investors re-thinking their valuations — not just for crypto but for risk assets in general,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nThe market is also facing downward pressure from the latest FTX news. The collapsed cryptocurrency exchange is likely to receive approval on Sept.13 to start liquidating its crypto holdings, according to a tweet Saturday from blockchain analysts Whale Alert.\nAfterfiling for bankruptcyin November 2022, the exchange still holds anesti Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $504,547,425,800 - Hash Rate: 427999090.2494795 - Transaction Count: 459132.0 - Unique Addresses: 719793.0 Social & AI Sentiment: - Fear & Greed Index: 0.40 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: AI tokens, such as fetch.ai, gained on Thursday. Photo: Getty (Dennis Diatel) AI-related tokens gained after Nvidia ( NVDA ) posted earnings that topped estimations on Wednesday. After the chip-maker's second quarter report artificial intelligence tokens, such as Fetch.ai ( FET-USD ), The Graph ( GRT6719-USD ), Injective ( INJ-USD ), Render ( RNDR-USD ) and SingularityNET ( AGIX-USD ) all gained. The price action suggests investors see potential in the intersection between crypto and AI. Read more: Crypto live prices Nvidia shares climbed over 6% in extended trading on Wednesday after the chipmaker beat already high expectations with revenue of $13.51bn (£10.64bn), a 101% jump from last year. AI tokens are cryptocurrencies associated with blockchain-based AI projects. For example, Fetch.ai is dedicated to building infrastructure for smart, autonomous services, or "AI-agents" in supply chain, finance and travel. SingularityNET is a decentralised, blockchain-based platform aimed at creating a marketplace for various types of artificial intelligence services. Stock markets and crypto gain ground Global stocks rallied after Nvidia's results, suggesting the market could be contemplating a sustained generative AI boom. In Europe, the Stoxx 600 ( ^STOXX ) increased by 0.7% in early morning trading. The UK's FTSE 100 ( ^FTSE ) also rose by 0.47%. France's CAC 40 ( ^FCHI ) gained 0.94%, while Spain's IBEX 35 ( ^IBEX ) climbed 0.8%, and Germany's DAX ( ^GDAXI ) saw a 0.85% increase. Read more: LIVE: FTSE and European markets follow Asia higher as Nvidia earnings bolster sentiment The gains in traditional markets were mirrored by moves higher in the cryptocurrency sector. Bitcoin ( BTC-USD ) increased 3% to surpass $26,600, marking its weekly high, before falling back to $26,433, according to CoinGecko . Ether ( ETH-USD ) increased by 3.5%, nearing the $1,700 mark. Solana ( SOL-USD ) increased over 4% after Shopify ( SHOP ) integrated Solana Pay for USDC payments. NEAR ( NEAR-USD ) token gained after Nexo added the Near Protocol to its platform, and altcoin ADA ( ADA-USD ) posted over 3% in daily gains. Story continues Watch: Could China shut-down the Bitcoin network? \| The Crypto Mile Download the Yahoo Finance app, available for Apple and Android .... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level for the first time in the past almost three months. Ether also slid to lose control of the US$1,600 support level. All other top 10 non-stablecoin cryptocurrencies also booked losses, with XRP leading the losers with a 24-hour drop of more than 5%. The drop came ahead of a potential FTX liquidation that could see the collapsed crypto exchange sell its US$3.4 billion worth of crypto assets by the end of the year. U.S. stock futures edged lower, after Wall Street logged daily gains on Monday, as investors await key U.S. inflation data this week.\nBitcoin dropped 2.72% in the last 24 hours to US$25,115.32 as of 07:30 a.m. in Hong Kong, down 2.57% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency dipped to its lowest price since June 15, touching US$24,930.30 on Tuesday morning.\nEther saw a bigger loss, dropping 4.31% to US$1,547.18 and lost 4.79% in past week, reaching US$1,533.43 on Tuesday, its lowest in six months.\nAll other top 10 non-stablecoin cryptocurrencies posted losses in the past 24 hours. XRP led the losers, falling 5.17% to US$0.4727 for a weekly loss of 6.92%.\n“The continued decline in altcoin values seems to be linked to the looming approval of FTX’s asset liquidation, a move that could impact the market values of many top cryptocurrencies including XRP, which FTX holds a substantial amount,” said John Stefanidis, chief executive officer of blockchain infrastructure foundation Balthazar DAO.\nFTX crypto exchange, which went intobankruptcyin November 2022, is likely to receive court approval on Wednesday to liquidate an estimated crypto holding of US$3.4 billion. The firmproposedto sell up to US$100 million in crypto assets per week, which could be extended to US$200 million.\nThe incoming FTX liquidation indicates the crypto market could “see another US$3.4 billion in crypto-to-fiat off-ramping — a potential liquidity gap that might be hard to fill in the absence of Signature Bank, Silicon Valley Bank, and Silvergate Bank, which were responsible for at least, 50% of all the fiat-to-crypto on-ramping during the last few years,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, said in an emailed report.\nThe event could hit altcoins extra hard, said Thielen, due to “unfavourable tokenomics that compel early investors in projects (founders, Venture Capital investors, etc.) to make prudent financial and survival decisions, and liquidate positions.”\nMeanwhile, digital asset investment products saw an outflow of US$59 million in the week ending Sept. 8, marking the fourth consecutive month in a run of outflows that totaled US$294 million, according to a Monday report by European alternative asset managerCoinShares.\nCoinshares also highlighted net inflows in short investment products, suggesting “sentiment remains poor for the asset class,” and attributed the grim mood to “continued worries over regulation of the asset class and recent dollar strength.”\nThe total crypto market capitalization dropped 2.88% in the past 24 hours to US$1.01 trillion as trading volume surged 60.28% to US$32.35 billion.\nU.S. stock futures edged lower as of 09:10 a.m. in Hong Kong. All three major U.S. indexes logged gains in regular trading Monday, with Nasdaq leading with a 1.14% increase.\nThe main stock indexes in Asia were mixed as of 09:30 a.m. in Hong Kong. China’s Shanghai Composite, Hong Kong’s Hang Sheng and South Korea’s Kospi moved lower, while Japan’s Nikkei 225 edged up.\nTesla spearheaded the stock market rally on Monday after Morgan Stanleyupgradedthe electric car maker’s stock from “equal-weight” to “overweight”, saying the firm’s Dojo supercomputer could add over US$500 billion to its market value. Tesla’s share price surged over 10% on Monday, followed by other technology giants including Amazon (+3.52%) and Microsoft (1.10%).\nOn the inflation front, the U.S. consumer price index (CPI) for August will be released on Wednesday. Federal Reserve Bank of Clevelandexpectsthe inflation gauge to rise 3.8% year-on-year, up from 3.2% in July.\nThe inflation gauge will provide further insights into the Federal Reserve’s future monetary policies, which aims to curb the annual inflation rate below 2% and in July raised the interest rates to the range between 5.25% and 5.50% — the highest level in the past 22 years.\n“This week is more likely to be a ‘good news is good, bad news is bad’ story,” Chris Larkin, managing director of trading and investing at ETrade from Morgan Stanley, toldBloombergon Tuesay. “The market’s ability to rebound in the near term could hinge on this week’s inflation numbers, especially Wednesday’s CPI.”\nTheCME FedWatch Toolpredicts a 93% chance the central bank will maintain the current rate unchanged in September. It gives a 57.6% chance for another pause in November, up from 53.5% on Monday.\n(Updates with equity section.)', 'Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level for the first time in the past almost three months. Ether also slid to lose control of the US$1,600 support level. All other top 10 non-stablecoin cryptocurrencies also booked losses, with XRP leading the losers with a 24-hour drop of more than 5%. The drop came ahead of a potential FTX liquidation that could see the collapsed crypto exchange sell its US$3.4 billion worth of crypto assets by the end of the year. U.S. stock futures edged lower, after Wall Street logged daily gains on Monday, as investors await key U.S. inflation data this week.\nBitcoin dropped 2.72% in the last 24 hours to US$25,115.32 as of 07:30 a.m. in Hong Kong, down 2.57% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency dipped to its lowest price since June 15, touching US$24,930.30 on Tuesday morning.\nEther saw a bigger loss, dropping 4.31% to US$1,547.18 and lost 4.79% in past week, reaching US$1,533.43 on Tuesday, its lowest in six months.\nAll other top 10 non-stablecoin cryptocurrencies posted losses in the past 24 hours. XRP led the losers, falling 5.17% to US$0.4727 for a weekly loss of 6.92%.\n“The continued decline in altcoin values seems to be linked to the looming approval of FTX’s asset liquidation, a move that could impact the market values of many top cryptocurrencies including XRP, which FTX holds a substantial amount,” said John Stefanidis, chief executive officer of blockchain infrastructure foundation Balthazar DAO.\nFTX crypto exchange, which went intobankruptcyin November 2022, is likely to receive court approval on Wednesday to liquidate an estimated crypto holding of US$3.4 billion. The firmproposedto sell up to US$100 million in crypto assets per week, which could be extended to US$200 million.\nThe incoming FTX liquidation indicates the crypto market could “see another US$3.4 billion in crypto-to-fiat off-ramping — a potential liquidity gap that might be hard to fill in the absence of Signature Bank, Silicon Valley Bank, and Silvergate Bank, which were responsible for at least, 50% of all the fiat-to-crypto on-ramping during the last few years,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, said in an emailed report.\nThe event could hit altcoins extra hard, said Thielen, due to “unfavourable tokenomics that compel early investors in projects (founders, Venture Capital investors, etc.) to make prudent financial and survival decisions, and liquidate positions.”\nMeanwhile, digital asset investment products saw an outflow of US$59 million in the week ending Sept. 8, marking the fourth consecutive month in a run of outflows that totaled US$294 million, according to a Monday report by European alternative asset managerCoinShares.\nCoinshares also highlighted net inflows in short investment products, suggesting “sentiment remains poor for the asset class,” and attributed the grim mood to “continued worries over regulation of the asset class and recent dollar strength.”\nThe total crypto market capitalization dropped 2.88% in the past 24 hours to US$1.01 trillion as trading volume surged 60.28% to US$32.35 billion.\nU.S. stock futures edged lower as of 09:10 a.m. in Hong Kong. All three major U.S. indexes logged gains in regular trading Monday, with Nasdaq leading with a 1.14% increase.\nThe main stock indexes in Asia were mixed as of 09:30 a.m. in Hong Kong. China’s Shanghai Composite, Hong Kong’s Hang Sheng and South Korea’s Kospi moved lower, while Japan’s Nikkei 225 edged up.\nTesla spearheaded the stock market rally on Monday after Morgan Stanleyupgradedthe electric car maker’s stock from “equal-weight” to “overweight”, saying the firm’s Dojo supercomputer could add over US$500 billion to its market value. Tesla’s share price surged over 10% on Monday, followed by other technology giants including Amazon (+3.52%) and Microsoft (1.10%).\nOn the inflation front, the U.S. consumer price index (CPI) for August will be released on Wednesday. Federal Reserve Bank of Clevelandexpectsthe inflation gauge to rise 3.8% year-on-year, up from 3.2% in July.\nThe inflation gauge will provide further insights into the Federal Reserve’s future monetary policies, which aims to curb the annual inflation rate below 2% and in July raised the interest rates to the range between 5.25% and 5.50% — the highest level in the past 22 years.\n“This week is more likely to be a ‘good news is good, bad news is bad’ story,” Chris Larkin, managing director of trading and investing at ETrade from Morgan Stanley, toldBloombergon Tuesay. “The market’s ability to rebound in the near term could hinge on this week’s inflation numbers, especially Wednesday’s CPI.”\nTheCME FedWatch Toolpredicts a 93% chance the central bank will maintain the current rate unchanged in September. It gives a 57.6% chance for another pause in November, up from 53.5% on Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $490,636,926,338 - Hash Rate: 379546363.0514252 - Transaction Count: 462328.0 - Unique Addresses: 784703.0 Social & AI Sentiment: - Fear & Greed Index: 0.30 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: With the Federal Reserve now committed to making monetary policy decisions on the fly, this year’s in Jackson’s Hole may matter more than ever. All eyes are on this resort in the Grand Teton mountains, where the polyester vests are multiple, double entendres about “bears” are funny, and there are a surprising amount of Coin Boys dressing up like cowboys . How exactly did a bucolic hotel situated 34 miles off from Jackson, Wyoming become the site of the “world’s most exclusive economic get-together?” New York Times fed whisperer Jeanna Smialek writes, it’s simply where news is made.And you get on the Federal Reserve Bank of Kansas City’s uber selective guest list, you know you’ve made it monetarily-speaking. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here . It’s where, every year since he’s stepped up as Chairman of the Federal Reserve, Jerome Powell has directed the flows of the U.S. economy. The thing is, he doesn’t even need to get it right. Last year he predicted glum and gloom and the U.S. got job growth and slowed inflation. This year, he said almost exactly what was predicted. The economy has been growing faster than expected. More rate hikes may be needed. The Fed is determined to get inflation down to its longstanding target of 2%. All that pageantry, all that caviar flown into the woods of Wyoming, for this? Well things aren’t all that simple. The Fed’s policy and outlook is essentially unchanged, but at a time when economic uncertainty has never been so heightened. Unlike just a few months ago when it was clear that the Federal Reserve would continue to raise interest rates to slow economic expansion, whether people liked it or not, the central bank is now watching and waiting and adjusting based upon ebbs and flows that are essentially impossible to predict. This is one of the most interesting times to be alive for anyone with an interest in economics, because it’s a moment where the world’s most important banker has never been in such a deferential position to fate. His decisions still matter. Raising rates increases the cost of living across the country and world: it makes mortgages costlier and cars more expensive. Powell's team determines whether in aggregate the American Male will buy that new rec vehicle, or hold off for another year. Story continues One thing seems certain, a rate cut – which would make money cheaper, and more likely to flow into assets at the far end of the risk curve – is not happening anytime soon. How do we know? Well, Powell didn’t even mention it and according to the Fed Whisperers that means all those who expected a cut by the end of the year will have to wait. This is not a rational system, despite all the data, though I’m beginning to suspect it was never designed to be. How is inflation measured? Well the Fed pays people to walk around grocery stores and write down the prices. Should gas, that thing that – excuse the pun – drives the economy by getting people to work, figure in at all? Maybe if the cost of gas were less volatile. Have you ever looked into why 2% is the standard for inflation? Because it feels right. It’s “low enough for consumer comfort but relaxed enough for the economy to flourish,” as the NYTs notes , adding that it’s settled policy “according to Fed doctrine settled years ago.” It’s like asking why people want to go to Jackson, Wyoming — because that’s where the people go. See also: What the New York Times Gets Wrong About Bitcoin Mining I don’t know if any of this bodes well for Bitcoin, even if it looks comparatively rational. Complain about BTC’s price action all you want, but at least everyone knows next month how many bitcoins will be in circulation. But why did Satoshi settle on this emissions schedule, and are we sure they made the right choice? What took me a longer time to figure out than I’d like to admit is that the choice between crypto and fiat is not total. Just because Michael Saylor has and seems likely to continue evacuating all his wealth into bitcoin doesn't mean that’s the only path. Saylor may wake up one day and realize he was wrong to call the U.S. dollar a “shrinking ice cube,” and realize that the Fed did manage to get inflation under control (it’s currently been slowed to 3.2% , down from a peak of 9.1% in June 2022). If there’s any lesson from Powell in Jackson Hole over the years is that there is no ideal economy, just the one you have. Powell has never looked less like Bitcoin, because it’s never been so unclear what his policy will look like this time next year. But there’s a certain stability in that, as much and as absurd as the assurances of Bitcoin having it all worked out in advance.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['While debate rages on about thepossible approval of an exchange-traded fundbased on the spot price of the benchmark cryptocurrency, individual cryptos have again suffered lackluster trading. In what seems to be another week of sideways consolidation, investors need to be extremely cautious with decentralized digital assets.\nWhile not a comprehensive insight, the options market for popular blockchain enterprises doesn’t provide much room for confidence. For example,Marathon Digital(NASDAQ:MARA) is one of the biggest miners of cryptos. However, itsimplied volatility (IV) trendshows that while activity is heightened at upper strike prices, it has spiked the most in the lowest strike prices.\nFurther, thesame can be saidaboutRiot Platforms(NASDAQ:RIOT). While IV moves up alongside rising strike prices, it spikes the most – by a wide margin – at the lowest strike price. Stated differently, it appears that the smart money is hedging for catastrophic risks against the blockchain miners. That’s not a great look for cryptos, to be honest.\xa0Still, investors should consider the merits of each individual coin or token. With that, below are the top cryptos to watch this week.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Sittipong Phokawattana / Shutterstock.com\nAs was the case last week,Bitcoin(BTC-USD) finds itself struggling for traction. Over the past 24 hours heading into early Tuesday morning, BTC gained just under 1%. However, this print overlooks the more worrying data point of the coin dropping below $26,000. At the moment, BTC trades hand at around $25,900.\nTo be sure, much of the mainstream media attention focuses on the drama associated with theapproval of a spot Bitcoin ETF. Should a green light be given, I’m certain that BTC will at least temporarily skyrocket. However, where it goes from there is anyone’s guess. After all, it’s not the first time that a supposed legal victory failed to yield sustained gains.\nFundamentally, investors of Bitcoin and other cryptos should be concerned about the viability of the retail investment community. For example, with Americans’credit card debtshooting over the $1 trillion mark, an economic slowdown leaves many investors vulnerable.\xa0Especially right now, the ecosystem doesn’t seem favorable for risk-on assets like virtual currencies. Therefore, I would maintain vigilance.\nSource: shutterstock\nThe number two cryptocurrency by market capitalization,Ethereum(ETH-USD) finds itself sadly on familiar ground. Right now, ETH prints a value of $1,585, thus moving in the wrong direction. In the past 24 hours, ETH dipped about 1.7%. Over the trailing one-week period, the popular digital asset fell 2%.\nAs with Bitcoin above, Ethereum seeks an upside catalyst. What the difference is now is that time may be of the essence. Roughly speaking, ETH gained around 32% of market value since the beginning of the year. However, in the past 30 days, ETH fell more than 14%. Presumably, the bulls need to start picking up the slack lest the bears smell blood.\nFurther, my hesitation centers on the aforementioned options trading dynamic impacting blockchain miners. If cryptos fall, the mining sector generally plunges as well. So, it appears that the options traders – the smart money – recognize this risk; hence, the spiked IV in the extreme-low strike prices.\xa0Of course, as a longtime believer in cryptos, I want to express better news. However, the data must take priority over narratives.\nSource: DIAMOND VISUALS / Shutterstock.com\nFor those new to cryptos,Tether(USDT-USD) is – so far anyway – the most valuable stablecoin. This type of cryptocurrency is pegged to a hard (fiat) currency, usually the dollar as is the case with Tether. Therefore, investors who acquire USDT units usually don’t do so for capital gains purposes (aside from complex arbitrage trading schemes). Rather, it’s a form of convenience and wealth “storage.”\nBasically, Tether is the oil that keeps the blockchain engine running smoothly. By holding wealth in USDT, market participants can advantage of opportunities within various cryptos quickly and conveniently. With ample volume and velocity, the ratio between USDT and the U.S. dollar should be one-to-one. If minor blips occur, they should be miniscule.\nHowever, the problem is that for the last several weeks, I’ve noticed on multiple occasions that Tether traded conspicuously below the 1:1 ratio. While I don’t anticipate a complete failure of the peg, I’m worried about the implied lack of confidence.\xa0Again, I’m not necessarily worried about a crypto bank run. Still, you want to take the time here to manage your risk exposure accordingly.\nSource: Shutterstock\nOnce the promising name among cryptos thanks to its positive regulatory nod,XRP(XRP-USD) finds itself back in the weeds. By every practical measure, XRP has lost all the gains associated with becoming the virtual currency with legal precedence, stemming from creatorRipple Labs’generally favorable courtroom result.\nAt the moment, XRP lost about 3.5% in the trailing 24 hours. In the trailing seven days, the crypto dropped more than 5%. Priced at 47.9 cents, it’s only a bit higher than the 47.1 cent price that XRP started off at for the memorable July 13 session. Now, with XRP trading below its 200 DMA (51 cents) and 50 DMA (58 cents), circumstances seem far less auspicious.\nOne inkling of optimism is that strong horizontal support exists at approximately the 47.5-cent line. However, it’s a double-edged sword. If XRP fails to move higher from where it presently sits, the bears could come out in full force due to the ugly technical profile.\xa0As has been the case for the last few weeks, let the buyer beware.\nSource: Shutterstock\nWhen it comes to assessingCardano(ADA-USD), all I can think of is that it’s flirting with danger. Ranking among the most popular alternative cryptos or altcoins, ADA commands a cult-like status. Still, that hasn’t been enough to bolster ADA. Currently, the coin trades hands at 24.7 cents, down roughly a third of a percent in the past 24 hours. In the trailing week, it slipped more than 3%.\nTechnically, Cardano will likely suffer great difficulty in generating credibility. Following a flat-to-negative performance since the start of 2023, ADA tanked roughly 51% in the past 365 days. Unfortunately, investors may lose confidence, given the lack of upside impetus. In addition, volume trends have gradually declined since January. Not surprisingly, ADA trades below its 50 DMA (28 cents) and 200 DMA (33 cents).\nOne bit of good news is that ADA trades just above horizontal support, which lies at about 24.5 cents. However, the bulls need to show some resilience here. The additional downside could erode what little confidence remains in Cardano, making it one of the riskiest cryptos.\nSource: Rcc_Btn / Shutterstock.com\nAnother promising name among cryptos that has turned into a nightmare,Solana(SOL-USD) once held promise as an Ethereum killer. Basically, the underlying blockchain technology promised to facilitate the functionalities of the ETH network but with key improvements; notably, greater scalability and far lower transactional costs or fees. Then, in 2022 the rise of interest rates happened and SOL has not looked the same since.\nIn the past 24 hours, SOL dipped about a third of a percent. In the trailing one-week period, the token gave up 5.5% of its market value. Worryingly, Solana – which trades hands at $18.21 at the time of writing – sits conspicuously below its 200 DMA ($21.08) and its 50 DMA ($21.97).\nEven worse, the price action is hanging in no-man’s-land. Looking at the chart, an investor can visually spot a horizontal support line at approximately $21. Dropping below this point will almost surely attract the bears.\xa0Sadly, similar to other virtual currencies, volume faded considerably in recent weeks. Without much interest, investors may want to head to the sidelines.\nSource: Zarko Prusac / Shutterstock.com\nWhile some might erroneously viewDogecoin(DOGE-USD) as a scam, it continues to defy gravity. Thanks to its loyal army of advocates, one can never really count out DOGE. Just when you think the meme coin suffered a fatal blow, it jumps right back into the discussion. It’s basically the Fast and Furious franchise of cryptos.\nHowever, rabid retail support can only go so far. While Dogecoin gained about half a percent in the trailing 24 hours, it fell almost 3% in the trailing seven days. Still, the good news is that with a market cap of nearly $8.7 billion, it ranks number seven in terms of the most valuable blockchain assets.\nOverall, though, there’s little to celebrate about Dogecoin. For one thing, the volume level in September has fallen down to bare bones. This dynamic reflects a broader lack of interest, akin to what we’re seeing in the blockchain mining stocks.\nSecond, DOGE at 6.1 cents trades noticeably below its 50 DMA (6.9 cents) and 200 DMA (7.3 cents). Amid rising skepticism, now might not be an ideal time to speculate on cryptos, especially the riskiest examples.\nOn the date of publication, Josh Enomotoheld a LONG position in\xa0BTC, ETH, USDT, and XRP.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nA former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.\n• ChatGPT IPO Could Shock the World, Make This Move Before the Announcement\n• Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.\n• The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors\nThe post7 Cryptos to Watch as the Blockchain Slogs Throughappeared first onInvestorPlac Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $509,750,545,775 - Hash Rate: 395697272.1174433 - Transaction Count: 512446.0 - Unique Addresses: 802393.0 Social & AI Sentiment: - Fear & Greed Index: 0.41 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether rose during Thursday afternoon trading in Hong Kong, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization. The SOL token saw the biggest gain in the top 10, following its new partnership with e-commerce giant Shopify. See related article: Weekly Market Wrap: Bitcoin falls below US$26,000 following Evergrande’s bankruptcy SOL leads winners as Bitcoin, Ether rise with most top 10 cryptos Solana’s SOL token rose 4.33% in the 24 hours to 4:30 in Hong Kong to US$20.79, as the day’s biggest gainer in the top 10, after Solana announced partnering Shopify to offer crypto payments with no transaction fees on the e-commerce platform via Solana Pay, a peer-to-peer payments protocol built on the blockchain. Despite the good news, SOL remained near a six-week low. 1xXOwDNYmLP2JEUlCHo5VVb3VZmh22uzK3R4jdRdglCkfh7MsIJ Umq sg qbr8WhQbM3ZSJU18REtsTFAUEITJ2UCVDwe378UujyTOBqSdnR04J966JFMQPiNpuLdeXg7jX 6XvFqriZBgZosXFPk Bitcoin was little changed during afternoon trading in Asia, changing hands at US$26,430 as of 4:30 p.m. in Hong Kong after it briefly rose to the US$26,769 mark earlier today. Despite today’s small rally, Lucas Kiely, the chief investment officer of digital asset platform Yield App, said that returning to US$25,000 remained a possibility. “US$25,000 is the level where BlackRock filed for a spot Bitcoin ETF. There is support at that level. Investors will be spooked if Bitcoin falls below that level. After that level, Bitcoin could fall to approximately US$19,870, which represents the level where Silicon Valley Bank failed,” wrote Kiely, in a statement shared with Forkast. “When SVB failed, Bitcoin rocketed to US$31,000 before moving sideways. BlackRock and other firms then made their Bitcoin ETF announcements, and Bitcoin ripped again.” Ether rose 0.59% during afternoon trading in Asia to US$1,671 bringing its weekly losses to 6.92%. Tron’s (TRX) token rose 1.73% in the past 24 hours to US$0.077, bouncing back from a two-month low of US$0.073 on June 25. Total crypto market capitalization over the past 24 hours rose 1.45% to US$1.07 trillion while market volume decreased 8.66% to US$32.44 billion, according to CoinMarketCap data. OpenSea’s decision continues to weigh on NFT market The Forkast 500 NFT index fell 1.12% to 2,272.28 points in the 24 hours to 4:30 p.m. in Hong Kong and 7.43% in the past week. “Overall the OpenSea royalty policy is still having an impact on the market. Transactions have been declining, total sales are down and average sales price is up,” said Yehudah Petscher, NFT strategist at Forkast Labs, referring to OpenSea ’s decision to cut creator royalty fees. “The higher average sales price lately indicates expensive NFTs being sold, but these are typically at a loss these days.” Story continues Bored Ape #8585 was sold for US$255,000 on Sunday, at a loss of over US$777,000 compared to its purchasing price of US$1.03 million a year ago. Ethereum ’s 24-hour non-fungible token sales rose 1.63% to US$8.51 million, as sales for the largest Ethereum-based collection, the Bored Ape Yacht Club , rose 3.89% to US$1.64 million. Sorare sales also rose 17.3% to US$537,421, making it the third largest NFT collection across all chains by 24-hour sales volume. CryptoPunks sales also increased 25.51%. DraftKings, a Polygon-based NFT project, fell to become the seventh-largest collection across all chains after its 24-hour sales volume fell 25.97%. Polygon’s 24-hour sales also declined 17.66%, while the Forkast POL NFT Composite was nearly flat for the day. Interest in Ordinals inscriptions also remained low, as 24-hour NFT sales on the Bitcoin network fell 12.04%. Nvidia earnings boost U.S. stock futures, Asian equities Image: elements.envato Major Asian equities rose as of 4:30 p.m. in Hong Kong on Thursday, with Japan’s Nikkei 225 , Hong Kong’s Hang Seng Index , the Shenzhen Component and the Shanghai Composite all posting gains. Investors were optimistic after Chinese President Xi Jinping indicated in written remarks that the fundamentals of the Chinese economy remained strong despite minor headwinds at home and abroad. Most Major U.S. stock futures also rose for a third consecutive day, except the Dow Jones Industrial Average futures. The S&P 500 futures index and the tech-heavy Nasdaq-100 futures both posted gains. Nasdaq’s gains received a boost from Nvidia share prices that gained over 3% after the chipmaker’s earnings report showed that its data center revenue rising 171% year over year to US$10.32 billion. Nvidia’s earnings report also provided fuel for European equity markets, with Frankfurt’s DAX 40 gaining 1% and the pan-European STOXX 600 inching up 0.9% on Thursday. On the corporate front, investors are anticipating earnings reports from Intuit, the Royal Bank of Canada, Toronto Dominion Bank, NetEase and Marvell Technology, scheduled for later today. Investors are also looking ahead to key speeches by U.S. Fed Chair Jerome Powell and ECB President Christine Lagarde at the Jackson Hole Economic Symposium on Friday where central bank leaders will converge. See related article: Singapore’s Stablecoin framework, Australia’s crypto landscape & Binance shuts ‘Connect’ Updates with equities View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Thursday morning in Asia to trade above the US$26,000 support level. Ether also rose to reclaim US$1,600. All other top 10 non-stablecoin cryptocurrencies moved up, with Solana spearheading the winners with a 24-hour rise of over 2%. The rally followed the U.S. consumer price index (CPI) release on Wednesday, which showed an acceleration in the annual inflation rate in August, while the core CPI that excludes food and energy prices posed a deceleration. U.S. stock futures traded higher, after Wall Street closed mixed on Wednesday.\nBitcoin rose 1.45% in the last 24 hours to US$26,251.64 as of 07:20 a.m. in Hong Kong, adding 1.88% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency reclaimed the US$26,000 support level on Wednesday afternoon and touched a daily high of over US$26,370 on early Thursday morning.\nDespite reclaiming the key US$26,000 line, Bitcoin’s momentum has seemingly weakened on Tuesday, but is “still strong enough to hold on to\xa0most of what was reclaimed after the bounce,” Keith Alan, co-founder of monitoring resource Material Indicators,tweetedon Wednesday.\nBitcoin still faces multiple technical resistances, including a “death cross” between the token’s 50-day and 200-day simple moving averages – which currentlysitat US$27,444 and US$27,670, as well as a 100-day moving average at US$28,292 that outlines the ceiling of the range, according to Alan onTuesday.\nEther also gained 0.95% to US$1,609.32 but still traded 1.64% lower in the past seven days. The second top crypto reached a 24-hour high of US$1,619.11 on Tuesday night.\nBitcoin and Ether prices briefly dipped on early Thursday morning in Asia after the bankrupt crypto exchange FTXreceivedcourt approval to sell its US$3.4 billion worth of crypto assets. The selling is capped at US$100 million per week, which can be extended to US$200 million.\nFTX’s current crypto holdings include US$1.16 billion in Solana’s SOL and US$560 million in Bitcoin, according to a Mondaycourt filing.\nDespite the incoming FTX liquidation, crypto prices remain largely stable. All other top 10 non-stablecoin cryptocurrencies posted gains in the past 24 hours. SOL led the winners, which rose 2.70% to US$18.43 but lost 6.70% for the week.\nVisawrotein a Tuesday research report that Solana blockchain “has attributes like high transaction throughput and scalability at low cost that help make it a good candidate for payments and Visa’s stablecoin settlement pilot.” The global payment giant announced apartnershipwith Solana on Sept. 5 to expand its USDC stablecoin settlement pilot to Solana’s blockchain\nThe total crypto market capitalization gained 1.07% in the past 24 hours to US$1.04 trillion, while trading volume dropped 21.30% to US$27.63 billion.\n“The recent stability could be attributed to steady CPI data, as is common amongst high-risk asset classes,” said John Stefanidis, CEO and co-founder of blockchain infrastructure DAO, Balthazar DAO.\n“Moreover, it seems the crypto market may have already priced in the potential ramifications of FTX’s approved sale of its substantial $3.4 billion crypto asset portfolio,” added Stefanidis.\nU.S. stock futures were trading higher as of 09:30 a.m. in Hong Kong, after Wall Street closed mixed on Wednesday, with the S&P 500 and Nasdaq Composite logging gains while the Dow Jones Industrial Average edging lower.\nMost main stock indexes in Asia rose on Thursday morning. Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei 225 all logged gains, while China’s Shanghai Composite inched down 0.03%.\nThe U.S.CPI releaseon Wednesday sent mixed information to the market. The inflation gauge rose 3.7% by year in August, an acceleration from 3.2% in July. The August CPI also booked a monthly gain of 0.6%, the biggest increase since June 2022.\nThe accelerated CPI growth aligns with analysts’ expectation, according toReuterson Thursday. Gasoline price, which jumped 10.6% in August, accounted for over 50% of the CPI growth in the month.\nMeanwhile, the core CPI — which excludes the volatile food and energy prices — rose 4.3% by year in August, a deceleration from 4.7% in July and the smallest reading since September 2021.\n“There is nothing here to seriously put a Fed rate hike on the table next week, but there is enough to keep the debate about the need for one more hike in 2023 alive,” Conrad DeQuadros, senior economic advisor at U.S.-based investment bank Brean Capital, told Reuters.\nGiven the mixed CPI data, J.P.Morgan Asset Management wrote on Wednesday it expects the Federal Reserve to make no further interest rate hike in this monetary tightening cycle.\n“Despite still rising oil prices in early September, we expect the impact of oil price spikes on CPI to be limited,” J.P.Morgan’s Chief Global Strategist David Kelly said in a note viewed byReuters, who expects the annual inflation rate will fall below the Fed’s long-term goal of 2% by the fourth quarter of 2024.\nTheCME FedWatch Toolpredicts a 97% chance the central bank will maintain the current rate unchanged in its meeting on Sept. 20, which is currently in the range between 5.25% and 5.50%. It gives a 58.4% chance for another pause in November, up from 56.8% on Wednesday.\nThe U.S. August producer price index (PPI) is set to be released on Thursday, with analystsexpectingthe data to rise 1.2% by year, up from 0.8% in July. The data will provide further insights into the Fed’s future monetary policies.\n(Updates with equity section, comment from Stefanidis.)', 'Bitcoin rose on Thursday morning in Asia to trade above the US$26,000 support level. Ether also rose to reclaim US$1,600. All other top 10 non-stablecoin cryptocurrencies moved up, with Solana spearheading the winners with a 24-hour rise of over 2%. The rally followed the U.S. consumer price index (CPI) release on Wednesday, which showed an acceleration in the annual inflation rate in August, while the core CPI that excludes food and energy prices posed a deceleration. U.S. stock futures traded higher, after Wall Street closed mixed on Wednesday. Bitcoin reclaims US$26,000; altcoins stable after bankrupt FTX received approval to liquidate Bitcoin rose 1.45% in the last 24 hours to US$26,251.64 as of 07:20 a.m. in Hong Kong, adding 1.88% for the week, according to CoinMarketCap data. The world’s largest cryptocurrency reclaimed the US$26,000 support level on Wednesday afternoon and touched a daily high of over US$26,370 on early Thursday morning. Despite reclaiming the key US$26,000 line, Bitcoin’s momentum has seemingly weakened on Tuesday, but is “still strong enough to hold on to\xa0most of what was reclaimed after the bounce,” Keith Alan, co-founder of monitoring resource Material Indicators, tweeted on Wednesday. Bitcoin still faces multiple technical resistances, including a “death cross” between the token’s 50-day and 200-day simple moving averages – which currently sit at US$27,444 and US$27,670, as well as a 100-day moving average at US$28,292 that outlines the ceiling of the range, according to Alan on Tuesday . Ether also gained 0.95% to US$1,609.32 but still traded 1.64% lower in the past seven days. The second top crypto reached a 24-hour high of US$1,619.11 on Tuesday night. Bitcoin and Ether prices briefly dipped on early Thursday morning in Asia after the bankrupt crypto exchange FTX received court approval to sell its US$3.4 billion worth of crypto assets. The selling is capped at US$100 million per week, which can be extended to US$200 million. Story continues FTX’s current crypto holdings include US$1.16 billion in Solana’s SOL and US$560 million in Bitcoin, according to a Monday court filing . Despite the incoming FTX liquidation, crypto prices remain largely stable. All other top 10 non-stablecoin cryptocurrencies posted gains in the past 24 hours. SOL led the winners, which rose 2.70% to US$18.43 but lost 6.70% for the week. Visa wrote in a Tuesday research report that Solana blockchain “has attributes like high transaction throughput and scalability at low cost that help make it a good candidate for payments and Visa’s stablecoin settlement pilot.” The global payment giant announced a partnership with Solana on Sept. 5 to expand its USDC stablecoin settlement pilot to Solana’s blockchain The total crypto market capitalization gained 1.07% in the past 24 hours to US$1.04 trillion, while trading volume dropped 21.30% to US$27.63 billion. “The recent stability could be attributed to steady CPI data, as is common amongst high-risk asset classes,” said John Stefanidis, CEO and co-founder of blockchain infrastructure DAO, Balthazar DAO. “Moreover, it seems the crypto market may have already priced in the potential ramifications of FTX’s approved sale of its substantial $3.4 billion crypto asset portfolio,” added Stefanidis. U.S. annual inflation rate accelerates Image: Getty Images U.S. stock futures were trading higher as of 09:30 a.m. in Hong Kong, after Wall Street closed mixed on Wednesday, with the S&P 500 and Nasdaq Composite logging gains while the Dow Jones Industrial Average edging lower. Most main stock indexes in Asia rose on Thursday morning. Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei 225 all logged gains, while China’s Shanghai Composite inched down 0.03%. The U.S. CPI release on Wednesday sent mixed information to the market. The inflation gauge rose 3.7% by year in August, an acceleration from 3.2% in July. The August CPI also booked a monthly gain of 0.6%, the biggest increase since June 2022. The accelerated CPI growth aligns with analysts’ expectation, according to Reuters on Thursday. Gasoline price, which jumped 10.6% in August, accounted for over 50% of the CPI growth in the month. Meanwhile, the core CPI — which excludes the volatile food and energy prices — rose 4.3% by year in August, a deceleration from 4.7% in July and the smallest reading since September 2021. “There is nothing here to seriously pu Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $515,226,336,300 - Hash Rate: 436074544.7824885 - Transaction Count: 576215.0 - Unique Addresses: 875176.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This is David Z. Morris, filling in for Michael Casey to talk about so-called artificial intelligence, the threats it poses to the future – and how crypto could help mitigate them. As Michael would surely agree, there are no real days off in crypto. I was reminded myself when I recently spent a long weekend at the fantasticReaderconfiction convention. Inevitably, I missed someimportant crypto stories, but I also got some up-close insight into another looming novelty: the existential threat that automated large language models (LLMs) like GPT3 pose to the entire internet. You’re readingMoney Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletterhere. That might sound hyperbolic. But at Readercon, I met Neil Clarke, founder and editor of the top-tier science fiction magazineClarkesworld, which along with other fiction publications has become a canary in the coal mine of A.I. run amok. The rise of ChatGPT has inundated these journals with a flood of fake GPT-generated story submissions, a plague so severe Clarkesworld was forced to temporarily pause submissions this February, threatening the work and livelihoods of real authors. “I’ve been calling it spam,” says Clarke, “Because that’s what it is. I sometimes refuse to even call it ‘artificial intelligence.’ You can’t humanize these things. It’s not like the science fiction of movies where it’s aware. It’s a statistical [language] model.” The mention of spam should raise the antenna of longtime cryptocurrency watchers: the same problem lay at the very origins of Bitcoin. Between 1998 and 2002, computer scientist Adam Back developed the concept of “Hashcash,” primarily intended to combat e-mail spam by requiring a tiny payment to send one. Back and his ideas became foundational to the development of Bitcoin, and he’s now CEO of crypto developer Blockstream. Two decades later, with robotic barbarian hordes poised to swamp human communication systems, it might be time to revisit the Hashcash concept. “ChatGPT came out in late November,” Clarke says, “And we immediately started seeing submissions using it. The first people to adopt it were the ones already submitting plagiarized works. It was readily embraced by people who were trying to make a quick buck off other people’s work.” As they faced down the spam problem, Clarke says he and his team quickly realized the attack was coordinated. YouTube and TikTok channels focused on get-rich-quick schemes were promising viewers they could make thousands of dollars by submitting GPT-generated stories to fiction magazines like Clarkesworld. Clarkesworld pays a few hundred dollars per story, depending on length – not much more than beer money in some parts of the world, but extremely meaningful in others. Those fraudulent promises from online grifters seem to have spread fast. Clarke says he received 54 AI-generated submissions in December. In January, he got 117 fake stories. In February, the number hit 514 before Clarke closed submissions midday on February 20. “And that morning alone,” he says, “we had 50.” Clarkesworld has a small staff, who normally review about 1,100 submissions a month. So the accelerating flood of trash threatened to overwhelm them, and solutions weren’t obvious. “We have an open submission process, specifically designed to welcome in new writers and new voices,” says Clarke. “So we could close submissions from certain locations [to fight spam], but we also have legitimate authors coming in from those countries. And we’ve been told things like, ‘The payment for this story will cover my bills for a month.’” “Authors like that are getting buried. The A.I. submissions hurt new authors, and authors who might not be from communities that are well-connected.” This is one clear way auto-generated content threatens to make the internet worse for human beings – particularly those at the margins. “If you go back 15 or 20 years when we took submissions on paper,” Clarke says, “just the cost of postage was enough to decrease submissions from outside the U.S., Canada, and U.K. substantially. And as soon as you have digital submissions, we had this flood of international submissions.” That has led to a huge diversification of the fiction world – a creative renaissance that’s now threatened by the rise of LLMs. Clarke is also a coder, which gave him useful tools for addressing the spam challenge. He began associating more metadata with submissions, such as whether they came through a VPN and the length of the user’s session. These and other criteria are now used as part of a “points system” that places stories more likely to be fake further down a review queue. This helps real authors get read first, but also ensures that every submission is eventually reviewed. Finally, if a story is determined to be LLM-generated, the submitter is permanently banned from the system. Those measures have helped Clarkesworld reopen submissions, for now – but a continued rise in the volume of spam they’re dealing with would mean the solution is only temporary. One important aspect of Clarke’s experience is that the actual quality of the robotic submissions has been abysmally low. They’re almost instantly recognizable to a human reader, and have no actual chance of being published. “ChatGPT3 was writing at a level below the worst human writers,” says Clarke, who after two decades as an editor knows exactly what the worst looks like. “GPT4 is getting closer to the worst human writers, but even that’s still rare.” “The common thing is that they have perfect grammar, they have perfect spelling,” Clarke continues. “But the stories themselves don’t make a lot of sense. They jump over important things. They’ll start out with a basic premise, like ecological collapse, and introduce some scientists who can solve the problem, and then suddenly they’ve solved the problem. It’s missing the middle of the story, and bookending it with stereotypical openings and closings, done very poorly.” That sounds a lot like Ted Chiang’s recent characterization of ChatGPT’s output as“a blurry JPEG of the internet.”This manifest crappiness happily debunks much of the brain-dead hype around LLMs. But it also makes the image of talented (and wildly underpaid) editors being forced to sift through the dross all the more depressing. Another option for reducing spam submissions is a submission fee. Clarke says he has no desire or plan to implement a fee, thanks to overriding ethical and creative concerns. In particular, a submission fee could limit access, which the community of science fiction writers strongly opposes. But beyond that, the technical shortcomings of current global payments infrastructure also make charging an anti-spam fee impractical, even if Clarke wanted to. For instance, Clarke says to charge a submission fee, he would need to be able to refund it, for instance to writers whose stories were accepted, or simply not AI-generated. An ideal spam-blocking fee would also be quite small – certainly far lower than the $25 or $30 worth of postage that was keeping away developing-world authors in the pre-internet era. But there’s no way to do that with current tech. “Tell me a credit card company where I can refund almost all of it. I’d lose the account,” says Clarke. As any good crypto bro knows, credit cards also don’t play well with small payments. But those aren’t even the biggest issue. “There are also problems with trying to take payments in different parts of the world,” Clarke continues. “There are a number of African countries that credit card companies won’t work with. So that would eliminate authors. I’ve also had people suggest identity services, but those also have nation-sized holes in them. We need something that works for everybody.” If you’re reading this, you already know where we’re headed: at least in principle, cryptocurrency and related systems could help mitigate Clarkesworld’s fake submission problem. Requiring a small payment for all submissions would reduce low-quality submissions, lightening editors’ workloads, and compensating them for the spam that did come in. Because payments could be cheaply, quickly, and easily returned to real authors, the cost to actual human writers would be marginal. And because these systems are not confined by national borders, no real writers would be crowded out by the robo-regurgitators. Though it would take considerable elaboration, some version of the same system may someday serve parallel purposes in less boutique settings. One can imagine aSteem-likesystem of staking incentives being used to punish automated posting on forums or social media, for instance. More elaborate decentralized identity systems, such asSpruceID, are more challenging and, for now, more nascent, but could have even more profound potential. To be clear, none of this should be necessary. LLMs are quickly being revealed as little more than parlor tricks, whose real utility is probably limited, at least in the near term, to short-form customer service and clickbait entertainment. (Take for instanceCNET’s disastrous experimentwith using GPT to write news articles). The technology’s biggest impacts are instead seen in the spread of fourth-rate gibberish that wastes the time and brainpower of all the actual humans involved. But if this is what the god-princes of Silicon Valley see as the next frontier of venture capital riches, then it is the world we’ll have to live in. At the very least, crypto offers one hope for fighting back.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Friday morning in Asia to trade above US$26,500. Ether also moved higher to over US$1,600. All other top 10 non-stablecoin cryptocurrencies gained with Tron network’s TRX token leading the winners with a 24-hour rise of over 3%. The rise in crypto prices coincided with an announcement from Deutsche Bank that said the largest German lender would provide crypto custody services. U.S. stock futures edged up after Wall Street closed higher on Wednesday following strong economic data from the U.S.\nBitcoin rose 1.49% in the last 24 hours to US$26,610.48 as of 07:30 a.m. in Hong Kong and went up 1.60% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency reclaimed US$26,774.62 on Thursday evening, the highest price since Aug. 31.\nBitcoin’s rise this week “coincides with a noticeable return in investor sentiment,” Samer Hasn, market analyst at Australia-based global multi-asset broker XS.com, said in an emailed comment.\nBy the end of Wednesday, open interests in Bitcoin derivatives reached about 7.525 billion — its highest levels since Aug. 31, and the same applies to Ether open positions that reached around 3.7 billion, said Hasn, citing data from blockchain intelligence platform CryptoQuant.\nEther gained 1.38% to trade at US$1,629.33 but was still down 0.95% for the past seven days.\nThe crypto market received a boost from news that Deutsche Bank — a German lender that hadUS$1.4 trillionin total assets at the end of 2022 — will launch custody services for cryptocurrencies and tokenized assets of institutional customers in a partnership with Swiss fintech firm Taurus, according to a Thursdaypress release.\n“As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one of the priorities for investors and corporations alike. As such, custodians must start adapting to support their clients,” Paul Maley, global head of securities services at Deutsche Bank, said in the announcement.\n“Deutsche Bank’s recent announcement to offer crypto custody services is a positive step towards a growing acceptance and development of crypto in the mainstream financial sector. It could also be potentially providing a renewed sense of confidence among investors,” said John Stefanidis, chief executive officer and co-founder of blockchain infrastructure decentralized organization, Balthazar DAO.\nAll other top 10 non-stablecoin cryptocurrencies posted gains in the past 24 hours. Tron’s TRX led the winners, which rose 3.46% to US$0.08388 and added 6.15% for the week.\nMeanwhile, the positive sentiment came amid regulatory battles in the U.S., as the SEC earlier this weekchargedStone Cats 2 — the company behind the “Stoner Cats” animated series — with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs).\nBack in July 2021, Stone Cats 2 sold 10,000 NFTs for US$800 each to fund the Stoner Cats series. The firm has agreed to a cease-and-desist order and will pay a civil penalty of US$1 million.\nThe total crypto market capitalization gained 1.27% in the past 24 hours to US$1.06 trillion, while trading volume edged up 3.00% to US$28.28 billion.\nU.S. stock futures moved up as of 09:10 a.m. in Hong Kong, after Wall Street closed higher on Thursday, with Dow Jones Industrial Average leading the winners with a 0.96% increase.\nMost main stock indexes in Asia rose on Wednesday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei 225 all logged gains, with Nikkei 225 spearheading the gains with a 0.87% rise.\nWall Street’s Thursday day rally followed strong economic data coming from the U.S. The country’sretail salesin August rose 0.6% by month, beating the analysts’expectationof 0.2%.\nHowever, the unexpected retail sales growth was largely due to the surge in oil prices, as receipts at gasoline stations jumped 5.2% by month. With gasoline excluded, retail sales edged up 0.2% in August, decelerating from 0.5% in July and among the weakest readings this year, according toBloombergon Thursday.\nThe 0.2% uptick is still higher than the median forecast of a 0.1% drop, but also points to a slowdown in the U.S. economy.\n“While consumption has been more resilient than anticipated so far this year, the case for a slowdown is building,” Michael Pearce, lead U.S. economist at Oxford Economics, said in a note seen byBloomberg. “More broadly, the renewed rise in gasoline prices is hitting real incomes at a time when slowing wage growth, hours worked and payroll gains are pressuring income growth.”\nElsewhere on the economic data front, theU.S. producer price index (PPI)also booked a bigger-than-expected monthly growth of 0.7% as the gasoline cost jumped 20%. Meanwhile, the number of U.S. initial jobless claims rose to 220,000 in the week ending Sept. 9, but was lower than the analysts’ expectation of 225,000, according toReuterson Thursday.\n“There is nothing in today’s reports to prompt a Fed rates response next week, even though the labor market remains out of balance,” Christopher Rupkey, chief economist at U.S.-based financial markets research firm FWDBOND, toldReuters. “The economy is in a good place for now with moderate consumer demand that is not hot enough to bring inflation back to life.”\nTheCME FedWatch Toolpredicts a 96% chance the central bank will maintain the current rate unchanged in its meeting on Sept. 20, which is currently in the range between 5.25% and 5.50%. It gives a 63% chance for another pause in November, up from 58.4% on Thursday.\nInvestors are now waiting for a slew of economic data from China on Friday, including house prices, fixed asset investment, retail sales, industrial production and unemployment. Analysts expect an acceleration in the country’s retail sales and industrial production growths in August, but also a slowdown in its fixed asset investment growth, Reutersreportedon Friday.\n(Updates with equity section.)', 'Bitcoin rose on Friday morning in Asia to trade above US$26,500. Ether also moved higher to over US$1,600. All other top 10 non-stablecoin cryptocurrencies gained with Tron network’s TRX token leading the winners with a 24-hour rise of over 3%. The rise in crypto prices coincided with an announcement from Deutsche Bank that said the largest German lender would provide crypto custody services. U.S. stock futures edged up after Wall Street closed higher on Wednesday following strong economic data from the U.S. Bitcoin, Ether gain; Deutsche Bank news pumps optimism into crypto markets Bitcoin rose 1.49% in the last 24 hours to US$26,610.48 as of 07:30 a.m. in Hong Kong and went up 1.60% for the week, according to CoinMarketCap data. The world’s largest cryptocurrency reclaimed US$26,774.62 on Thursday evening, the highest price since Aug. 31. Bitcoin’s rise this week “coincides with a noticeable return in investor sentiment,” Samer Hasn, market analyst at Australia-based global multi-asset broker XS.com, said in an emailed comment. By the end of Wednesday, open interests in Bitcoin derivatives reached about 7.525 billion — its highest levels since Aug. 31, and the same applies to Ether open positions that reached around 3.7 billion, said Hasn, citing data from blockchain intelligence platform CryptoQuant. Ether gained 1.38% to trade at US$1,629.33 but was still down 0.95% for the past seven days. The crypto market received a boost from news that Deutsche Bank — a German lender that had US$1.4 trillion in total assets at the end of 2022 — will launch custody services for cryptocurrencies and tokenized assets of institutional customers in a partnership with Swiss fintech firm Taurus, according to a Thursday press release . “As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one of the priorities for investors and corporations alike. As such, custodians must start adapting to support their clients,” Paul Maley, global head of securities services at Deutsche Bank, said in the announcement. Story continues “Deutsche Bank’s recent announcement to offer crypto custody services is a positive step towards a growing acceptance and development of crypto in the mainstream financial sector. It could also be potentially providing a renewed sense of confidence among investors,” said John Stefanidis, chief executive officer and co-founder of blockchain infrastructure decentralized organization, Balthazar DAO. All other top 10 non-stablecoin cryptocurrencies posted gains in the past 24 hours. Tron’s TRX led the winners, which rose 3.46% to US$0.08388 and added 6.15% for the week. Meanwhile, the positive sentiment came amid regulatory battles in the U.S., as the SEC earlier this week charged Stone Cats 2 — the company behind the “Stoner Cats” animated series — with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). Back in July 2021, Stone Cats 2 sold 10,000 NFTs for US$800 each to fund the Stoner Cats series. The firm has agreed to a cease-and-desist order and will pay a civil penalty of US$1 million. The total crypto market capitalization gained 1.27% in the past 24 hours to US$1.06 trillion, while trading volume edged up 3.00% to US$28.28 billion. U.S. equities rise following strong economic data Image: Getty Images U.S. stock futures moved up as of 09:10 a.m. in Hong Kong, after Wall Street closed higher on Thursday, with Dow Jones Industrial Average leading the winners with a 0.96% increase. Most main stock indexes in Asia rose on Wednesday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei 225 all logged gains, with Nikkei 225 spearheading the gains with a 0.87% rise. Wall Street’s Thursday day rally followed strong economic data coming from the U.S. The country’s retail sales in August rose 0.6% by month, beating the analysts’ expectation of 0.2%. However, the unexpected Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,747,744,112 - Hash Rate: 506061817.4019002 - Transaction Count: 703692.0 - Unique Addresses: 1017545.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoiners rejoiced this week when KPMG, one of the “big four” worldwide accounting firms, published a report that underscored how the protocol can contribute in a positive manner to the three pillars of the ESG investing framework: environmental, social, and governance. KPMG’s research is pivotal, says CH4 Capital co-founder and renowned ESG analyst, Daniel Batten . “No matter what your view on ESG, demonstrating how Bitcoin makes positive contributions [to environment, social and governance initiatives] is critical to both mainstream and institutional comfort,” he told Decrypt. According to Batten , the KPMG report — titled “ Bitcoin’s role in the ESG Imperative ” —is an “important moment, because it represents for the first time a mainstream financial institution having gone through a thorough due diligence process on Bitcoin.” The report documents a deep dive in the framework’s three pillars, beginning with the environmental aspect of Bitcoin mining –the energy intensive and controversial process through which new BTC is created. KPMG says the mining industry “is focused on driving towards Net Zero emissions.” KPMG showcases how Bitcoin emissions compare to other key worldwide industries (such as tourism and fashion), elucidating it is a mere fraction. The publication outlines several strategies towards reducing the network's carbon footprint, including using renewable energy , and recycled heat among others. 'Unsubstantiated': Expert Refutes Greenpeace Bitcoin Mining Pollution Claims Batten, an expert on ESG matters, explained to Decrypt that he is surprised by the thoroughness of the report. “It's usual for reports to let certain folklore slip through the due diligence process such as ‘but Bitcoin takes renewable energy away from other users,’” he said, praising the KPMG team for the quality of their research and publishing what he considers to be “non-obvious truths.” The social aspect of the report touches upon the hotly debated “Bitcoin is for criminals ,” narrative, pointing to a recent Chainalysis report . U.S. Senator Elizabeth Warren has repeatedly asserted that cryptocurrency is a favored tool of criminals, fueling societal ills like the fentanyl epidemic . Story continues KPMG countered these claims with the opportunities the protocol presents for financial inclusion, such as crowdfunding Ukraine’s efforts in its war with Russia, providing access to electricity in Africa, and the role it plays for minorities around the world. Last but not least, KPMG addresses the governance aspect of Bitcoin, and the decentralized aspect of the network specifically, which it writes is one of its “most prominent features.” The report acknowledges that the network’s rules cannot be changed or modified by those in power, pointing to a “robust” governance structure that provides a “high degree of confidence” in the overall system. Robert F. Kennedy Jr: Bitcoin Energy Concerns Should Not Be Used as 'Smokescreen' to Limit Freedom The report concludes that Bitcoin provides a number of positive benefits under an ESG investing framework, and ends with a series of questions for ecosystem players–prompting users, miners and other organizations to assess their relationship to the ecosystem. “I think it's an important report and a milestone the ecosystem should celebrate,” Batten tells Decrypt. He remarked that “It's important people read reports put out by Bitcoin opponents,” although Batten reckons “there is still much work to be done, with several mainstream news channels continuing to publish misinformation about Bitcoin with impunity.” He concluded, however, that “this will improve education and help the intellectually curious person to form an informed viewpoint on the utility of Bitcoin.”... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• US stocks fell on Friday as investors fret about a potential slowdown in the semiconductor space.\n• Reuters reported that Taiwan Semiconductor told its suppliers to delay some order shipments.\n• Investors are also turning their attention to the Federal Reserve\'s meeting next week.\nUS stocks fell on Friday as investors grew concerned about a potential slowdown in the semiconductor space.\nTechnology stocks led the decline after Reuters reported thatTaiwan Semiconductor told its suppliers to delay some order shipmentsamid concerns of a slowdown in the space. The iShares Semiconductor ETF sold off by more than 3% on Friday.\nTheUnited Auto Workers went on strike againstDetroit\'s top automakers. It represents the first time in history that employees at the Big 3 —Ford,General Motors, andStellantis— went on strike at the same time. Nearly 13,000 autoworkers are striking for increased pay amid the transition from gasoline-powered cars to electric vehicles.\nInvestors are now turning their attention to the Federal Reserve\'s meeting next week. Markets currently expect the Fed to hold interest rates steady as inflation shows signs of cooling down.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,450.32, down 1.22%\n• Dow Jones Industrial Average:34,618.24, down 0.83% (288.87 points)\n• Nasdaq Composite:13,708.33, down 1.56%\nHere\'s what else happened today:\n• US corporate debt defaults surged 176%as the Fed\'s war on inflation pushes more companies into financial distress.\n• Billionaire hedge-fund managerKen Griffin said he\'s unsure if the stock market rally can last,adding that he\'s "a bit anxious" about this year\'s strong gains.\n• Short-sellerJim Chanos is still betting against Teslasaying the stock is "ridiculously overvalued."\n• China\'s house-price slump drags onas Beijing battles to shore up the country\'s crisis-hit property sector.\n• Cocaine is set to become Colombia\'s top export this year,edging out oil products, according to a note from Bloomberg Economics.\n• Nearly 16% of home sale deals in August were canceled,the highest rate since last October, as mortgage rates stay above 7%, Redfin reported.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 0.96% to $91.03 a barrel.Brent crude, the international benchmark, edged up 0.39% to $94.07 a barrel.\n• Goldclimbed 0.68% to $1,945.90 per ounce.\n• The yield on the 10-year Treasury bond rose three basis points to 4.33%.\n• Bitcoinfell 0.41% to $26,423.\nRead the original article onBusiness Insider', 'US stocks fell on Friday as investors fret about a potential slowdown in the semiconductor space. Reuters reported that Taiwan Semiconductor told its suppliers to delay some order shipments. Investors are also turning their attention to the Federal Reserve\'s meeting next week. US stocks fell on Friday as investors grew concerned about a potential slowdown in the semiconductor space. Technology stocks led the decline after Reuters reported that Taiwan Semiconductor told its suppliers to delay some order shipments amid concerns of a slowdown in the space. The iShares Semiconductor ETF sold off by more than 3% on Friday. The United Auto Workers went on strike against Detroit\'s top automakers. It represents the first time in history that employees at the Big 3 — Ford , General Motors , and Stellantis — went on strike at the same time. Nearly 13,000 autoworkers are striking for increased pay amid the transition from gasoline-powered cars to electric vehicles. Investors are now turning their attention to the Federal Reserve\'s meeting next week. Markets currently expect the Fed to hold interest rates steady as inflation shows signs of cooling down. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,450.32, down 1.22% Dow Jones Industrial Average : 34,618.24, down 0.83% (288.87 points) Nasdaq Composite : 13,708.33, down 1.56% Here\'s what else happened today: US corporate debt defaults surged 176% as the Fed\'s war on inflation pushes more companies into financial distress. Billionaire hedge-fund manager Ken Griffin said he\'s unsure if the stock market rally can last, adding that he\'s "a bit anxious" about this year\'s strong gains. Short-seller Jim Chanos is still betting against Tesla saying the stock is "ridiculously overvalued." China\'s house-price slump drags on as Beijing battles to shore up the country\'s crisis-hit property sector. Cocaine is set to become Colombia\'s top export this year, edging out oil products, according to a note from Bloomberg Economics. Nearly 16% of home sale deals in August were canceled, the highest rate since last October, as mortgage rates stay above 7%, Redfin reported. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 0.96% to $91.03 a barrel. Brent crude , the international benchmark, edged up 0.39% to $94.07 a barrel. Gold climbed 0.68% to $1,945.90 per ounce. The yield on the 10-year Treasury bond rose three basis points to 4.33%. Bitcoin fell 0.41% to $26,423. Read the original article on Business Insider']... Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $517,742,239,500 - Hash Rate: 417231817.5388007 - Transaction Count: 593144.0 - Unique Addresses: 876224.0 Social & AI Sentiment: - Fear & Greed Index: 0.43 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Investing.com -- U.S. stocks point higher ahead of a week of major corporate results and key economic data. Amazon and Apple are set to round out a multi-week crush of earnings from Big Tech, while nonfarm payroll figures for July could provide clues into the impact of over a year of Federal Reserve policy tightening. 1. Futures edge higher U.S. stock futures inched up on Monday, but stayed close to the flatline, as investors looked ahead to a fresh batch of tech earnings and key U.S. employment data this week. At 05:12 ET (09:12 GMT), the Dow futures contract had gained 18 points or 0.05%, S&P futures added 4 points or 0.08%, and Nasdaq 100 futures moved up by 8 points or 0.05%. The main indices remain on track to post monthly gains before the final trading day of July. The Dow Jones Industrial Average, which saw its longest win streak since 1987 snapped last week, is up 3.1% this month, while the S&P 500 has climbed 3% and the tech-heavy Nasdaq Composite has added 3.8%. As July turns to August, traders are awaiting earnings later in the week from Amazon and Apple, as well as chipmakers AMD (NASDAQ:AMD) and Qualcomm (NASDAQ:QCOM). Meanwhile, the crucial U.S. nonfarm payrolls report for July is due out on Friday, with economists predicting that the world's biggest economy added fewer jobs compared to the prior month. 2. Amazon and Apple results ahead E-commerce giant Amazon (NASDAQ:AMZN) and iPhone-maker Apple (NASDAQ:AAPL) will both report their latest quarterly results on Thursday, rounding out a wave of closely-watched Big Tech earnings in recent weeks. Focus will likely hover around how the companies' revenue flows fared during a three-month period marked by economic uncertainty that has persuaded some businesses and individuals to rein in spending. For Amazon, attention will likely turn to its all-important cloud computing unit, Amazon Web Services , where growth decelerated in the previous quarter. Amazon has also flagged that the slowdown at the division continued into April. Story continues Apple, meanwhile, will deliver its first results since the unveiling of its highly-anticipated Vision Pro headset in June. Despite the excitement around the device, weaker consumer demand is expected to weigh on other products like the iPhone and iPad. Analysts may also be keen to question Amazon and Apple executives about their plans for artificial intelligence (AI). Last week, tech peers Microsoft (NASDAQ:MSFT), Facebook-owner Meta Platforms (NASDAQ:META), and Google-parent Alphabet (NASDAQ:GOOGL) cautioned that spending levels may soon rise as they race to develop AI tools. 3. U.S. jobs report highlights economic calendar Hiring in the U.S. is projected to have slowed in July, but the job market is expected to remain relatively tight even in the face of aggressive Federal Reserve interest rate hikes. Economists predict that total nonfarm employment rose by 200,000 during the month, down from the June reading of 209,000, while the jobless rate is expected to remain steady at 3.6%. The labor market has been a major focus of the Fed's long-standing monetary tightening campaign, with policymakers arguing that a loosening in employer demand could help alleviate inflationary pressures. The Fed increased interest rates by 25 basis points last week, but suggested that any future decisions would be "data-dependent." Despite signs of moderation, job growth has remained robust in recent months. The strength has in turn fueled speculation that the Fed may be able to engineer a so-called "soft landing" -- corralling inflation without sparking a meltdown in the broader economy. Friday's figures may provide more clarity on this key question. 4. SEC asked Coinbase to halt all non-Bitcoin trading - FT The U.S. Securities and Exchange Commission requested that Coinbase (NASDAQ:COIN) cease trading in all digital tokens except for Bitcoin prior to filing a lawsuit against the cryptocurrency exchange, according to the Financial Times. In an interview, Coinbase Chief Executive Brian Armstrong told the paper that the SEC "said...we believe every asset other than bitcoin is a security." Armstrong added that the regulators then asked that Coinbase delist all of the more than 200 tokens it offers to customers, apart from Bitcoin. Armstrong refuted the claim, saying that agreeing to the shutdowns "would have essentially meant the end of the crypto industry in the U.S." Instead, he said Coinbase decided to challenge the SEC's assertions in court. The SEC has been angling to gain more control over the crypto industry, with Chair Gary Gensler arguing that most cryptocurrencies qualify as securities, or tradeable financial assets. Coinbase was sued by the SEC last month for failing to register as a broker. Should the SEC win this case, it could set a precedent for the power regulators in the U.S. have over crypto businesses and potentially lead to more stringent compliance rules. For its part, the SEC told the FT that its enforcement division did not make formal requests for "companies to delist crypto assets." It also declined to comment on what the delisting would mean for the crypto industry. 5. Walmart boosts Flipkart stake - WSJ Retail giant Walmart (NYSE:WMT) has further cemented its interest in Flipkart through a $1.4 billion purchase of shares from a major investor in the Indian e-commerce group, according to the Wall Street Journal. Walmart bought New York-based hedge fund Tiger Global's remaining shares in Flipkart, the paper reported, citing a letter sent by Tiger to its investors. The transaction valued Flipkart at $35B, down from the almost $38B attached by Tiger to the company in 2021. Meanwhile, Walmart also bought out private equity firm Accel's remaining 1% stake in Flipkart, the Economic Times newspaper reported, although the size of the purchase was unknown. The moves boost Walmart's exposure to Flipkart at a time when the Arkansas-based company is looking to expand its presence in the digital commerce space. Walmart paid $16B more than five years ago for an initial 77% stake in Flipkart, a wide-ranging business catering to more than 450 million customers. Related Articles Amazon and Apple earnings ahead, U.S. jobs report looms -- what's moving markets Analysis-Dwindling excess savings could scupper markets' soft-landing hopes Canada's Trudeau sets sights on fourth election fight with Cabinet refresh... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['New blockchain use cases are showcasing the technology’s potential to disrupt industries, even as the extended cryptocurrency bear market continues to bite. From non-fungible tokens (NFT) tickets and wing sponsorships to digital art exhibitions, this weekend’s Singapore Grand Prix will showcase the best of a new wave of crypto innovations.\nCrowds flock from around the world to watch the night race around the iconic Marina Bay Circuit. The race was attended by302,000 spectatorsin 2022 and the sport boasts a global fan base many times larger, with each race attracting an average worldwide TV audience of70 million.\nThis makes Formula One a shop window for brands and ideas, particularly those at the forefront of innovation. A host of events take place in Singapore to coincide with the race, including this week’sTOKEN2049conference, and Affyn’sWeb3.0 \| Art Meets Metaverseevent on September 16. The vibe is more about innovation than speculation.It’s a marked change from the heady days of 2021 when crypto exchanges signed dozens of high-profile, multi-million dollar sponsorship deals with almost every Formula One (F1) team. By the start of the 2022 season, there were16 official crypto team sponsors, in addition to Crypto.com, who became the flagship sponsor of the races themselves.\nWhile not all sponsorship money has dried up, these new innovations reflect an industry and a sport that has reached a greater level of maturity, focusing on products with tangible use cases rather than dangling the promise of instant riches in front of its fans.\n“The FTX crash has brought the crypto industry back to the ground, making it like every other industry on the planet that has to demonstrate fundamentals to attract money,” said Thomas Vartanian, executive director at the Financial Technology & Cybersecurity Center, a non-profit policy advocate based in Virginia, U.S.Honeymoon: the glory days\n“There’s something very special about sports,” said Steven Kalifowitz, chief marketing officer at Crypto.com, a Singapore-based exchange. “It’s a communal experience which has the ability to bring people together even if they aren’t sitting next to each other.”\nCrypto.com wasthe industry’s first companyto take the plunge into F1 sponsorship. Their name can be seen on hoardings around every circuit on the Grand Prix calendar, as well as on the cars of the Aston Martin Cognizant racing team.\nF1 is by no means the only sport to catch the interest of Kalifowitz — he cited the exchange’s commercial partnerships with the UFC and NBA in the U.S.; Serie A soccer league in Italy, and with the Australian Football League as a measure of the company’s reach. They also sponsored the multi-purpose Crypto.com Arena in Los Angeles, as well as the 2022 FIFA World Cup in Qatar.\nBut there’s something about the relationship with F1 that is special.\nIn many ways the industry and the sport are perfect bedfellows. The fact that the sport puts “technology and innovation at its core” is particularly appealing, Kalifowitz said. He went on to cite F1’s international audience — with 20 races spread over five continents and a wildly popular Netflix show, Drive to Survive — and the fact that they are generally “young and tech-savvy,” as reasons that make it so attractive to crypto sponsors.\nThe average age of Formula One fans is just 32, according to asurveyof 167,000 fans conducted across 180 countries in October 2021. Males accounted for 81.7% of those fans.\nPaul Asencio, chief revenue officer at the Williams F1 team, said that these overlaps make F1 fans the “perfect demographic” for crypto sponsors. \u200b\u200b“F1 fans are 75% more likely to own cryptocurrency than the average sports fan out there.” he said, adding that Williams’ data show that there are over 85 million Formula One fans who are also crypto investors.\nCrypto.com was the first of many. By the 2022 season, every racing team had their own crypto sponsor. Other major exchanges like Binance partnered with Alpineto issue 280,000 fan tokens, while Dubai-headquartered Bybit sponsored the championship-winning Red Bull team in athree-year dealworth US$150 million.\nBut as anyone who has followed crypto knows only too well, the honeymoon did not last.\nRelationship on the rocks\nBut the industry has been “experiencing some headwinds,” said Crypto.com’s Kalifowitz.\nThis is putting it mildly. As with so much else in the industry, the problems began with the bear market of 2022. The collapse of the FTX exchange, which was hit by a liquidity crisis and subsequently forced to file for bankruptcy with an US$8 billion black hole in its finances, left one team in particular in hot water.\nThe Mercedes-AMG team is the New York Yankees or the Manchester United of F1. They were sought by FTX as a blue-chip sponsor, a partnership designed to give both brands credibility. The sudden collapse of the exchange caught Mercedes by surprise; they quickly removed the FTX logo from their cars and scrapped their multi-year deal with the exchange.\nMercedes did not respond to comments for this article. At the time of the partnership collapse, Mercedes team boss Toto Wolfftold Motorsport.comthat, despite “strongly believing in blockchain as a way of transactions in the future,” the collapse of FTX had left him in “utter disbelief.”\n“We considered FTX because they were one of the most credible and solid, financially sound partners that were out there. And out of nowhere, you can see that a crypto company can basically be on its knees and gone in one week,” he said.\nWe considered FTX because they were one of the most credible and solid, financially sound partners that were out there. And out of nowhere, you can see that a crypto company can basically be on its knees and gone in one week\nThe sudden collapse saw many teams reviewing their ties with the industry. Mercedes was soon joined by Alpha Tauri and Ferrari in shedding their crypto sponsors, with the Italian teamcutting its commercial tieswith blockchain company Velas in January 2023, leaving them with an estimated shortfall of US$30 million this year alone.\nThe surviving exchanges continue to strike a reassuring tone. “Trust in our brand is very high,” maintains Kalifowitz at Crypto.com. “Our balance sheet is strong and we remain focussed on building around our core principles of regulation, trust and security.” He added that the exchange “remains fully committed to its sports partnerships, many of which are long-term deals.”\nNot everyone is convinced.\n“FTX and the shakeout that accompanied it, along with the bear market, should naturally cause corporations to reevaluate their marketing and sponsorships. That shouldn’t be a surprise,” said Vartanian of the Virginia-based non-profit. He added that an additional question is one of “liability for endorsement of products that blow up,” as with the case of FTX and Mercedes.\n“The reputational factor shifts depending on the industry – banks will be more reluctant than barbers\xa0 – but you would have to be living in a cave not to be concerned about the reputational aspects of crypto until this period shakes out,” he added.\nMarriage counseling: repairing reputation\nHowever, one team that did not cut ties was Williams F1, who in March went against the tide andinked a new dealwith the Kraken crypto exchange.\nWilliams-F1’s chief revenue officer Paul Asencio has seen all this before. “I have been doing this for 25 years, starting with the New York Mets in baseball. I’ve been through it more times than I’d like to remember.”\n“It is our job to mitigate that risk as best as possible. But anything can happen to any one of these companies we do business with. At the end of the day, what you need to do is protect yourself as best as possible, and that is doing the right due diligence,” said Ascensio.\nEvident in Williams’ marketing strategy is a search, not merely for the dollars that crypto sponsorship can bring, but also to create a sense of community with their fanbase.\nAt this season’s U.S. Grand Prix in October, Williams’ cars will play host topersonalized NFTs on their rear wings. Fans are invited to submit NFT designs, 20 of which will eventually be chosen and fans allowed to vote for their favorite on Twitter.\nSome might argue that such campaigns are a little gimmicky – could a similar competition not be held without a blockchain? But when asked whether the NFT technology was essential to this venture, Asencio responded that it was “integral” to the kind of brand they’re trying to build with their sponsor. “It was really important to Kraken to have their community be part of this partnership,” he said.\nAsencio said that he sees the relationship as, “not just a standard F1 sponsorship, but truly a marketing partnership together where we’re both going to benefit. This NFT on the rear wing is an excellent example of that. It’s creative, it’s different. Nobody else is doing it.”\nThis drive to utility is something that is being embraced across the sport. In this year’s Monaco Grand Prix in May, the sport’s leading ticket provider, Platinum,used blockchain technologyto offer fans NFT tickets.\nThe idea was taken a step further at the Dutch Grand Prix in late August, where NFT-technology was used to provide fans with a series of interactive digital collectibles as part of their race ticket packages.\nThe use of the word collectibles here is no coincidence. “We very specifically call them collectibles, not NFTs.” said Maarten Bloemers, CEO of GET Protocol, the product’s designer. “I’m a crypto guy, but do I describe myself as such to potential clients? Hell, no. The reputational damage that crypto has suffered is enormous. People are very wary of getting into bed with a crypto company.”\nThe reputational damage that crypto has suffered is enormous. People are very wary of getting into bed with a crypto company\nBloemers’ concerns stem from the fact that NFTs have performed even worse than more well known cryptocurrencie Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,405,608,200 - Hash Rate: 401080908.4727827 - Transaction Count: 611220.0 - Unique Addresses: 854606.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) this summer completed its longest-ever period of negative year-over-year returns,wrote Dan Morehead, founder of crypto investment firm Pantera Capital. It won't last, he argued. "Our view is that we've seen enough," Morehead wrote. "There's just so long markets can be down." As of June 12, Morehead said, the price of bitcoin had been negative on a year-over-year basis for 15 consecutive months (starting Feb. 8, 2022). Prior to this, the longest period had been less than a year (Nov. 14, 2014, to Oct. 31, 2015), he continued. It's notable that bitcoin is, as of Wednesday, up more than 20% year-over-year, even after last week's tumble from the near-$30,000 level. As for possible positive catalysts for a market surely in need of one, Morehead notes that July's positive court ruling on theXRP token for Ripple Labs still stands, as do"endorsements" from BlackRock, Fidelity and other asset managers in the form of their spot bitcoin ETF applications. And don't forget about the upcoming April 2024 halving at which the BTC block reward for mining fresh blocks will be cut in half. Morehead isn't buying the efficient market hypothesis that the halving is so widely known that the its effect has already been reflected in pricing. "If the demand for bitcoins stays constant and the supply of new bitcoins is cut in half, this will force the price up," said Morehead. His models suggest bitcoin bottomed for good late last year, should hit around $35,500 by the April 2024 halving and nearly $150,000 by late 2025. Weak economic data out of Europe early Wednesday sent previously surging interest rates sharply lower, with 10-year government bond yields in Germany, the U.K. and the U.S. all lower by 12 to 20 basis points. U.S. stock indexes are higher, led by the Nasdaq Composite's 1.5% advance. The S&P 500 is ahead by 1%. Bitcoin is up 2% to $26,400, roughly inline with the gain for theCoinDesk Market Index (CMI). The week's main economic event takes place on Friday morning, where U.S. Federal Reserve Chairman Jay Powell will deliver the keynote speech at the Kansas City Fed's Jackson Hole Symposium. While the Jackson Hole speech in the past has occasionally been a forum for important policy announcements, the betting this time around is that Powell delivers a status quo message – that the Fed remains focused on containing inflation and will be data dependent going forward on decisions about whether to further tighten monetary policy.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but stayed above its US$1,600 support level. Most other top 10 non-stablecoin cryptocurrencies dropped, with Toncoin leading the losers with a slide of over 4%. Bankrupt crypto exchange FTXreceivedcourt approval last week to sell its crypto holdings of around US$3.4 billion, which could add to the selling pressure in the crypto market — especially altcoins — for the rest of the year. U.S. stock futures edged up as investors await the Federal Reserve’s interest rate decision this week. Wall Street closed lower on Friday, as mixed economic data in the U.S. moderated the investor’s risk appetite.\nBitcoin edged down 0.18% in the last 24 hours to US$26,492.52 as of 07:30 a.m. in Hong Kong and went up 2.60% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency reached US$26,840.50 on Friday, the highest price since August 17.\nEther dipped 0.87% to US$1,619.94 and traded flat for the week with a 0.18% uptick.\nMost other top 10 non-stablecoin cryptocurrencies booked losses in the past 24 hours. Binance’s BNB token was the only exception, rising 0.66% to US$216.23 while adding 1.80% for the week.\nDespite the uptick in BNB prices, the world’s largest crypto exchange faces mounting regulatorychallenges. The firm’s U.S. affiliate Binance.US has laid off one-third of its staff and saw its Chief Executive Officer Brian Shroder leave the company last week, citing the U.S. Securities and Exchange Commission’s (SEC) “aggressive attempts to cripple” the crypto industry. The exchange also lost its legal and risk executives last week, according to theWall Street Journal.\nThe crypto market is facing pressure from the liquidation of FTX, which plans to sell its US$3.4 billion worth of crypto assets by the end of 2023. The bankrupt exchange’s top three crypto holdings are Solana (US$1.162 million), Bitcoin (US$560 million) and Ether (US$192 million).\nFTX said it will gradually sell the holdings with a US$100 million weekly cap to avoid a negative impact on crypto prices, but this limit could expand to US$200 million upon approval from two committees representing FTX customers.\n“Sales of this size are destined to have an impact,”wroteblockchain research firm K33 on Friday. “Especially altcoins with limited liquidity are exposed, making it vital for altcoin traders to maintain comprehensive oversight of FTX’s holdings.”\nThe ongoing Bitcoin and Ether exchange-traded fund (ETF) applications in the U.S. could also be contributing to the underperformance of altcoins, said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\n“This is probably led by investors betting on ETFs becoming a thing -at some point in the future — and not wanting to miss out. Conversely, altcoins that are still at risk of being labelled as ‘securities’ aren’t benefitting from the same enthusiasm,” said d’Anethan.\nThe total crypto market capitalization dipped 0.73% in the past 24 hours to US$1.05 trillion, while trading volume dropped 12.08% to US$17.53 billion.\nU.S. stock futures moved up as of 09:30 a.m. in Hong Kong, after Wall Street closed lower on Friday, with Nasdaq Composite leading the losers with a 1.56% slide. The three major U.S. indexes closed the week mixed, with the S&P 500 and Nasdaq booking losses while the Dow Jones Industrial Average edging up 0.12%.\nMost main stock indexes in Asia went lower on Monday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng and South Korea’s Kospi all logged losses, while Japan’s stock market is closed due to a public holiday and will return on Tuesday.\nWall Street’s Friday slide was spearheaded by major tech corporations including Nvidia Corp., Meta Platforms Corp. and Adobe Inc., which all closed the day over 3.5% lower.\nTechnology’s’ slide coincided with a Reutersreporton Friday stating that TSMC, a Taiwan-based semiconductor manufacturer that provides chips to companies like Apple, had told its suppliers to delay delivery of high-end chip-making equipment due to concerns over customer demand.\nMeanwhile, the U.S. economic data on Friday sent mixed messages to the market. The U.S.industrial productionrose 0.4% by month in August. Although the reading was held back by a 5% drop in the output of motor vehicles and parts, it still beat the analysts’ expectation of0.1%.\nThe rebound in industrial production followed the August consumer price index (CPI)releaselast week that showed the core CPI — the Fed’s favored inflation gauge — logged its smallest annual increase since September 2021.\n“We really continue to see that growth resilience story, and I think that’s difficult for the market simply because there’s concern about what that could mean both for rates and inflation,” Lisa Erickson, head of public markets at U.S. Bank Wealth Management in Minneapolis, toldReuterson Saturday.\nTheCME FedWatch Toolpredicts a 99% chance the central bank will maintain the current rate unchanged in its meeting on Sept. 20, which is currently in the range between 5.25% and 5.50%. It gives a 73% chance for another pause in November, up from 63% on Friday.\n“If the Fed leaves interest rates unchanged, it is likely to have a positive impact on higher-risk assets such as cryptocurrencies. Steady interest rates can be indicators of stability, which could encourage investors to seek alternative assets like cryptocurrencies,” said John Stefanidis, chief executive officer and co-founder of blockchain infrastructure decentralized organization Balthazar DAO.\nWith most analysts expecting a pause of rate hike in September, all eyes are now on Fed Chair Jerome Powell’s remark that will come with the rate hike decision on Wednesday.\n“With last week’s higher-than-expected inflation data and the ongoing rise in oil prices, Fed\nChair Powell could communicate a relatively hawkish message. However, based on our analysis, we would not expect the market to buy into this for much longer as the inflation trend is still lower,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, said in an emailed report.\nElsewhere, China’s industrial production and retail salesloggedan annual increase of 4.5% and 4.6% in August, both accelerating from the previous month and beating the analysts’ expectations.\n“Perhaps the peak pessimism is behind us,” Ding Shuang, chief economist for greater China and North Asia at Standard Chartered Plc., toldBloombergon Friday. “August’s data indicates that the economy is unlikely to suffer from a persisting, deeper downturn going forward even though there might still be some volatility ahead — especially if we take into account the policy factor.”\n(Updates with equity section.)', 'Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but stayed above its US$1,600 support level. Most other top 10 non-stablecoin cryptocurrencies dropped, with Toncoin leading the losers with a slide of over 4%. Bankrupt crypto exchange FTXreceivedcourt approval last week to sell its crypto holdings of around US$3.4 billion, which could add to the selling pressure in the crypto market — especially altcoins — for the rest of the year. U.S. stock futures edged up as investors await the Federal Reserve’s interest rate decision this week. Wall Street closed lower on Friday, as mixed economic data in the U.S. moderated the investor’s risk appetite.\nBitcoin edged down 0.18% in the last 24 hours to US$26,492.52 as of 07:30 a.m. in Hong Kong and went up 2.60% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency reached US$26,840.50 on Friday, the highest price since August 17.\nEther dipped 0.87% to US$1,619.94 and traded flat for the week with a 0.18% uptick.\nMost other top 10 non-stablecoin cryptocurrencies booked losses in the past 24 hours. Binance’s BNB token was the only exception, rising 0.66% to US$216.23 while adding 1.80% for the week.\nDespite the uptick in BNB prices, the world’s largest crypto exchange faces mounting regulatorychallenges. The firm’s U.S. affiliate Binance.US has laid off one-third of its staff and saw its Chief Executive Officer Brian Shroder leave the company last week, citing the U.S. Securities and Exchange Commission’s (SEC) “aggressive attempts to cripple” the crypto industry. The exchange also lost its legal and risk executives last week, according to theWall Street Journal.\nThe crypto market is facing pressure from the liquidation of FTX, which plans to sell its US$3.4 billion worth of crypto assets by the end of 2023. The bankrupt exchange’s top three crypto holdings are Solana (US$1.162 million), Bitcoin (US$560 million) and Ether (US$192 million).\nFTX said it will gradually sell the holdings with a US$100 million weekly cap to avoid a negative impact on crypto prices, but this limit could expand to US$200 million upon approval from two committees representing FTX customers.\n“Sales of this size are destined to have an impact,”wroteblockchain research firm K33 on Friday. “Especially altcoins with limited liquidity are exposed, making it vital for altcoin traders to maintain comprehensive oversight of FTX’s holdings.”\nThe ongoing Bitcoin and Ether exchange-traded fund (ETF) applications in the U.S. could also be contributing to the underperformance of altcoins, said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\n“This is probably led by investors betting on ETFs becoming a thing -at some point in the future — and not wanting to miss out. Conversely, altcoins that are still at risk of being labelled as ‘securities’ aren’t benefitting from the same enthusiasm,” said d’Anethan.\nThe total crypto market capitalization dipped 0.73% in the past 24 hours to US$1.05 trillion, while trading volume dropped 12.08% to US$17.53 billion.\nU.S. stock futures moved up as of 09 Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,926,708,312 - Hash Rate: 419923635.7164705 - Transaction Count: 635845.0 - Unique Addresses: 852484.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Good morning. Here’s what’s happening: Prices:Bitcoin slogs below $30K while LINK soars. Other major cryptos spend their day in negative territory. Insights:Bitcoin's Fear and Greed Index reflects a market that hasn't been going anywhere fast for the better part of six weeks. CoinDesk Market Index (CMI) 1,258 −0.9▼0.1% Bitcoin (BTC) $29,809 −101.1▼0.3% Ethereum (ETH) $1,892 +2.9▲0.2% S&P 500 4,534.87 −30.9▼0.7% Gold $1,975 −3.0▼0.2% Nikkei 225 32,490.52 −405.5▼1.2% BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) [["1,258", "\u22120.9\u25bc0.1%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$29,809", "\u2212101.1\u25bc0.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,892", "+2.9\u25b20.2%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,534.87", "\u221230.9\u25bc0.7%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$1,975", "\u22123.0\u25bc0.2%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["32,490.52", "\u2212405.5\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}] Markets Remain Sluggish, but Not LINK A tumbling tech sector and rising dollar on Thursday kept crypto investors in their recent, rangebound trance. Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $29,809, down slightly over the past 24 hours. At one point during the day, BTC dipped perilously near a one-month low set earlier this week near $29,500. More than five weeks after spiking following multiple spot bitcoin ETF filings, bitcoin has been unable to escape the $30,000 to $31,000 range – at least for long. “There’s a lot of bearish sentiment on Crypto Twitter about this pullback, but I think the factors behind it are pretty simple," Anthony Georgiades, co-founder of NFT and Web3 blockchain Pastel Network, wrote in an email to CoinDesk. Georgiades noted that the tech sell-off that was at least partly spurred by comments from Tesla founder Elon Musk that the electric car maker might have to reduce prices, and the strengthening dollar, had weighed on "bitcoin and the broader crypto market." Ether, the second largest crypto in market value, was recently changing hands at $1,892, up a smidgen from Wednesday, same time. Most other major cryptos by market cap spent Thursday slogging into the red with XRP losing some of its big gains from the day before to trade below 80 cents – recently off more than 4%, and ADA and SOL, the tokens of smart contract platforms Cardano and Solana, down nearly as much. The big exception was LINK, the native currency of the Chainlink software platform that connects blockchains with external data. It recently soared by more than 20% to trade above $8 after whales acquired more than $6 million of the token, an apparent reaction to Chainlink's release of an interoperability protocol. Read More:Chainlink's Interoperability Protocol, Connecting Blockchains to ‘Bank Chains,’ Goes Live TheCoinDesk Market Index, a measure of crypto markets performance was recently down 0.1%. Equity markets were mixed with the Dow Jones Industrial Average continuing a recent winning streak but the Nasdaq plummeting more than 2% on the Tesla news and soft earnings by streaming service Netflix. In a note to CoinDesk, Mark Connors, head of research at Canadian digital asset manager 3iQ, also highlighted missed results by Taiwan Semiconductor, which put "an extra hit on AI stocks." The dollar index tipped downward to continue a recent trend. Still, Pastel Network's Georgiades was cautiously upbeat about crypto markets. "The underlying sentiment hasn’t changed much since yesterday or the preceding days," he wrote. I know the permabears have been calling for a major selloff, but it seems less likely that this is in the cards. He added: "Monetary conditions are likely to loosen here soon, and that will help serve as a catalyst for risk-on assets.” [{"Asset": "Gala", "Ticker": "GALA", "Returns": "+2.4%", "DACS Sector": "Entertainment"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+0.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+0.3%", "DACS Sector": "Smart Contract Platform"}] [{"Asset": "Stellar", "Ticker": "XLM", "Returns": "\u221217.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\u22126.6%", "DACS Sector": "Currency"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "\u22126.2%", "DACS Sector": "Smart Contract Platform"}] Fear and Greed Turns Neutral TheBitcoin Fear and Greed Indexhas fallen into neutral territory, indicating that investor sentiment for the asset has cooled recently. The metric, derived byAlternative.me, gauges investor sentiment across five distinct factors, and distills them into one number ranging from 0-100. Readings close to 0 indicate extreme fear, while readings closer to 100 indicate extreme greed. Often, extreme fear coincides with buying opportunities, as investors are likely behaving too cautiously. Extreme greed can coincide with a market that is overheated. The most recent reading indicates a market that is in flux, with neither bulls or bears willing to take a strong stance in either direction. All told, the reading adds evidence that BTC is poised to trade in a range for the foreseeable future. This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see ourEthics Policy. ETHGlobal Paris (France) 2:00 p.m. HKT/SGT(6:00 UTC)United Kingdom Retail Sales (MoM/June) 8:30 p.m. HKT/SGT(12:30 UTC)Canada Retail Sales (MoM/May) In case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV: SEC's Gensler Grilled by Lawmakers; Spot Bitcoin ETFs Could Bring $30B in New Demand: NYDIG Bitcoin spot-based ETFs could bring $30 billion in new demand for the world’s largest digital asset, according to NYDIG. Howard Fischer, Moses Singer partner and former SEC senior trial counsel shared his outlook on crypto regulation in the U.S. as SEC chair Gary Gensler faces questioning from lawmakers. Futureverse founder Aaron McDonald discussed his metaverse startup's latest funding round. And,StockCharts.com's Julius de Kempenaer shared his crypto markets analysis. Coinbase to Wind Down Lending Program Over Coming Months:The exchange is requiring Coinbase Borrow customers with outstanding loan balances to pay them back by November 20. Tokenized: This Week in Real-World Assets:A weekly digest of articles, reports and analyses about tokenized RWAs, the fast-growing financial instruments that merge traditional finance to the blockchain. Macro State of Crypto – Where It Has Been and What's Next:Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds. Chainlink’s LINK Climbs as Whales Add to Holdings Following Protocol Release:The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin rose on Tuesday morning in Asia to around US$26,700, after briefly breaching the US$27,000 resistance level on Monday evening. Ether also logged gains but remained below US$1,650. Most other top 10 non-stablecoin cryptocurrencies moved higher in the past 24 hours, with Toncoin leading the winners with a jump of more than 5%. The rally coincided with a rebound in crypto trading activities and expectations that the Federal Reserve will pause its interest rate hikes this week. U.S. stock futures traded flat after Wall Street closed near the flatline on Monday.\nBitcoin rose 1.11% in the last 24 hours to US$26,778.93 as of 07:30 a.m. in Hong Kong and added 6.62% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency surged on Monday evening to reach US$27,414.73 — the highest price since August 31, but soon retreated to below US$27,000.\nThe sudden rally in Bitcoin caught some investors off-guard, who had liquidated over US$44 million in Bitcoin positions in the past 24 hours, with over US$31 million of them in short positions, according toCoinglassdata.\n“Market activity seems to be growing again, after an abrupt decrease during summer months,” Matteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, said in an emailed note.\nThe cumulative daily volume on centralized exchanges from Sept. 10 to Sept. 17 reached US$11.3 billion, marking a 19% increase from the 7 days before, noted Greco.\n“With the end of summer and the resumption of normal trading activity, the market is likely to see increased volatility again, after BTC reached the minimum volatility levels ever recorded on a 30-day basis during the first two weeks of August,” Greco said.\nAlong with Bitcoin, Ether rose 1.20% to US$1,638.41 and moved up 5.90% for the week. The second top cryptocurrency reached US$1,667.93 on Monday evening, which was also the highest price since August 31.\n“Beyond the macro tilt that left risk assets little changed, yesterday, it seems that BTC and ETH continue to outperform relative to altcoins,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nOn the regulatory front in the U.S., the New York State Department of Financial Services (NYDFS) on Mondayproposedan updated guideline for crypto exchanges, which includes more strict rules on listing and delisting cryptocurrencies, cutting the list ofpre-approved cryptosfrom two dozen to only Bitcoin and Ether as well as six stablecoins.\n“This probably pushed investors to rotate into safer assets within the crypto space,” said d’Anethan.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours. Toncoin spearheaded the winners, which surged 5.03% to US$2.41. The native token of the TON Network has jumped 46.96% in the past seven days.\nToncoin received a boost last week from a Thursdayannouncementthat messaging app giant Telegram had partnered with TON to provide a self-custodial digital wallet — TON Space — that is available to the 800 million Telegram users.\n“It’s heartwarming to see social platforms gear up to more crypto functionality and one can’t help but assume that X (formerly Twitter) will be doing something similar and then, if that happens, that most social media platforms will need to follow suit,” said d’Anethan.\nBinance’s BNB was the only top 10 token logging a 24-hour loss, which dipped 0.12% to US$216.04 and was still trading 5.03% higher for the week. The world’s largest crypto exchange is facing mountingregulatory challengesin the U.S., with the chief executive officer of Binance U.S. leaving the firm last week.\nThe total crypto market capitalization gained 1.24% in the past 24 hours to US$1.07 trillion, while trading volume surged 76.96% to US$31.02 billion.\nU.S. stock futures edged higher as of 09:00 a.m. in Hong Kong. Wall Street closed flat on Monday, with all three major U.S. indexes logging gains within 0.07%.\nMost main stock indexes in Asia went lower on Tuesday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi all logged losses.\nInvestors are now waiting for the Federal Reserve’s Wednesday decision on interest rates, which are now between 5.25% and 5.50% — the highest level in the past 22 years.\nTheCME FedWatch Toolpredicts a 99% chance the central bank will maintain the current rate unchanged in its meeting on Sept. 20. It gives a 71% chance for another pause in November, down from 73% on Monday.\n“The meeting is consequently expected to have no impact on the (crypto) market, investors have already priced in with certainty that rates remain on hold,” said Greco at Fineqia International.\nAll eyes are now on the Fed Chair Jerome Powell’s remark that will accompany the interest rate decision on Wednesday, which could provide further insights into the central bank’s future monetary policies.\n“We think the Fed will take a ‘hawkish pause’ this week and the futures market will reprice a higher probability for another rate hike before year end,” Megan Horneman, chief investment officer at Verdence Capital Advisors, toldBloombergon Tuesday. “Unfortunately, inflation is very easy to reignite especially if energy prices begin to filter into broad prices. Therefore, we think the Fed will need to insinuate they may not be done raising rates.”\nThe global oil benchmark Brent crude futures traded right below US$95 on Tuesday morning, which gained over 30% in the past three months. The price surge was fueled by Saudi Arabia and Russiaannouncingearlier this month that they would extend a combined oil supply cut of 1.3 million barrels per day to the end of the year.\nMeanwhile in China, at a Monday symposium attended by representatives from foreign companies including JPMorgan Chase & Co. and Tesla Inc., People’s Bank of China Governor Pan Gongsheng vowed to consider more measures to stabilize foreign investment and trade, according toBloombergon Monday.\nThe move came amid tensions between Washington and Beijing, with some Chinese government agencies in September reportedlyrestrictingtheir staff from bringing Apple iPhones to offices.\n(Updates with equity section.)', 'Bitcoin rose on Tuesday morning in Asia to around US$26,700, after briefly breaching the US$27,000 resistance level on Monday evening. Ether also logged gains but remained below US$1,650. Most other top 10 non-stablecoin cryptocurrencies moved higher in the past 24 hours, with Toncoin leading the winners with a jump of more than 5%. The rally coincided with a rebound in crypto trading activities and expectations that the Federal Reserve will pause its interest rate hikes this week. U.S. stock futures traded flat after Wall Street closed near the flatline on Monday.\nBitcoin rose 1.11% in the last 24 hours to US$26,778.93 as of 07:30 a.m. in Hong Kong and added 6.62% for the week, according toCoinMarketCapdata. The world’s largest cryptocurrency surged on Monday evening to reach US$27,414.73 — the highest price since August 31, but soon retreated to below US$27,000.\nThe sudden rally in Bitcoin caught some investors off-guard, who had liquidated over US$44 million in Bitcoin positions in the past 24 hours, with over US$31 million of them in short positions, according toCoinglassdata.\n“Market activity seems to be growing again, after an abrupt decrease during summer months,” Matteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, said in an emailed note.\nThe cumulative daily volume on centralized exchanges from Sept. 10 to Sept. 17 reached US$11.3 billion, marking a 19% increase from the 7 days before, noted Greco.\n“With the end of summer and the resumption of normal trading activity, the market is likely to see increased volatility again, after BTC reached the minimum volatility levels ever recorded on a 30-day basis during the first two weeks of August,” Greco said.\nAlong with Bitcoin, Ether rose 1.20% to US$1,638.41 and moved up 5.90% for the week. The second top cryptocurrency reached US$1,667.93 on Monday evening, which was also the highest price since August 31.\n“Beyond the macro tilt that left risk assets little changed, yesterday, it seems that BTC and ETH continue to outperform relative to altcoins,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nOn the regulatory front in the U.S., the New York State Department of Financial Services (NYDFS) on Mondayproposedan updated guideline for crypto exchanges, which includes more strict rules on listing and delisting cryptocurrencies, cutting the list ofpre-approved cryptosfrom two dozen to only Bitcoin and Ether as well as six stablecoins.\n“This probably pushed investors to rotate into safer assets within the crypto space,” said d’Anethan.\nMost other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours. Toncoin spearheaded the winners, which surged 5.03% to US$2.41. The native token of the TON Network has jumped 46.96% in the past seven days.\nToncoin received a boost last week from a Thursdayannouncementthat messaging app giant Telegram had partnered with TON to provide a self-custodial digital wallet — TON Space — that is available to the 800 million Telegram users.\n“It’s heartwarming to see social platforms gear up to more crypto functionality and one can’t help but assume that X (formerly Twitter) will be doing something similar and then, if that happens, that most social media platforms will need to follow suit,” said d’Anethan.\nBinance’s BNB was the only top 10 token logging a 24-hour loss, which dipped 0.12% to US$216.04 and was still trading 5.03% higher for the week. The world’s largest crypto exchange is facing mountingregulatory challengesin the U.S., with the chief executive officer of Binance U.S. leaving the firm last week.\nThe total crypto market capitalization gained 1.24% in the pa Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $522,090,920,725 - Hash Rate: 385677556.7313763 - Transaction Count: 493887.0 - Unique Addresses: 741822.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Coinbase's crypto trading revenue dropped in the second quarter as regulators turned up the legal pressure on the largest US cryptocurrency exchange, leading to a net loss that widened from the first quarter. The slowdown in a key moneymaker for Coinbase (COIN) came as the exchange squared off with the Securities and Exchange Commission, which sued the exchange in June. A key client, giant money manager BlackRock, is also awaiting approval from the same agency to list a spot bitcoin ETF. Fees earned from customers trading crypto on the Coinbase platform fell by 13% from last quarter and 50% from a year ago to $327 million, the lowest such sales since the end of last year. That led to a $97 million net loss, slightly higher than the first quarter. It was still better than expected and much smaller than the billion-dollar hit the exchange took during a rough second quarter last year. Its revenues were also better than expected. The company said it has brought down expenses by 50% since last year, including letting go 30% of staff over the past year. "These last few quarters have been challenging and invigorating alike," Coinbase told shareholders in a letter it released Thursday. "But by strengthening our financial health we are well positioned to generate the resources we need to keep investing as we build the future of crypto and help drive regulatory clarity to update the financial system." The stock of Coinbase was up more than 2% in after-hours trading as of 5:15 p.m. ET following the release of its results. Bitcoin hangs above $29,200, up slightly for the past 24 hours. The decline in Coinbase's trading came during a three-month period of low activity and heightened US regulatory uncertainty. That legal action from the SEC has not to date hurt Coinbase's stock performance, however. The SEC is accusing the company of operating an unregistered exchange, broker dealer, and clearing agency by offering certain crypto tokens the agency has claimed are securities. Coinbase disagrees. "It's actually not really a regulatory issue. It's a political one. It's a battle of political will and political power amongst the federal regulators, which is not doing anybody in the US any good," CEO Brian Armstrong said Wednesday during a regulation discussion over Twitter. "We will not allow American leadership here to be destroyed by a few outliers in our government painting outside the bounds of the law," Armstrong said during Thursday's earnings call. Chief legal officer Paul Grewal said during the call that lawyers for Coinbase plan to introduce an order Friday to dismiss its case with the SEC entirely. Grewal said Coinbase expects the order to be "fully submitted and taken under consideration" by the end of October. BlackRock (BLK) and other asset managers are also seeking approval from the SEC to list a spot bitcoin ETF. All of the applications include a market-sharing agreement that names Coinbase as a key infrastructure partner. When BlackRock filed its application in the middle of June, Coinbase's stock began rising. Year to date as of Thursday's close, it's up over 156%, though it remains 73% below where it began trading after its April 2021 IPO. The company is also expanding internationally with plans for crypto derivatives exchange for non-US investors as well as further developing its Layer 2 blockchain, Base. The major silver lining for Coinbase in the second quarter came from non-trading revenue. Coinbase reported a better-than-expected $335 million from subscriptions and services. The amount is 137% higher than the revenue stream from a year ago, contributing to more of total revenue than trading fees for the first time. "A big focus for us over the next year is how we're going to be driving utility in crypto that goes beyond just trading," Armstrong added. Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Brigid Riley\nTOKYO, Sept 20 (Reuters) - The dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day.\nThe U.S. dollar index, which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed\'s rate decision.\nMarkets expect the Fed will almost certainly keep rates on hold at 5.25% to 5.50%, putting the focus on the central bank\'s forward guidance.\nFutures markets are pricing in a 30% likelihood of a quarter-point increase in November or 40% chance it will be in December, according to CME FedWatch tool.\n"We expect the FOMC to retain its forecast of one extra 25 hike by year-end, though it will not follow through with it in our view," said Carol Kong, economist and currency strategist at the Commonwealth Bank of Australia.\nDollar/yen could see some upside pressure after a hawkish FOMC meeting, she added.\nThe yen last sat nearly 0.1% higher at 147.77 versus the greenback, off Tuesday\'s low of 147.92 though hovering near the 10-month trough against the dollar ahead of the FOMC announcement.\nSpeculation increased about a possible sooner-than-expected exit from the Bank of Japan\'s ultra-loose policy, but the central bank will most likely keep interest rates ultra-low on Friday and reassure markets that monetary stimulus will stay for the time being amid economic uncertainty.\nJapan\'s top financial diplomat, Masato Kanda, reiterated warnings on Wednesday, saying Japanese authorities are always in close communication on currencies with U.S. and overseas policymakers while keeping a close watch on market moves with a "high sense of urgency".\nMeanwhile, the Australian dollar, a proxy for China growth, rose almost 0.1%, holding onto gains after minutes of the Reserve Bank of Australia\'s latest policy meeting signalled more interest rate increases to come.\nThe New Zealand dollar ticked up over 0.2% against the dollar near $0.5950.\nThe euro and sterling stood mostly unchanged in the Asian morning, at $1.0680 and $1.2391 respectively.\nMarket eyes will be on UK CPI released on Wednesday, the last bit of inflation data to squeeze in before the Bank of England makes their rate decision on Thursday.\nIn cryptocurrencies, bitcoin BTC=BTSP hovered around $27,210, after touching a three-week high on Tuesday.\n(Reporting by Brigid Riley. Editing by Gerry Doyle)', 'By Brigid Riley TOKYO, Sept 20 (Reuters) - The dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day. The U.S. dollar index, which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed\'s rate decision. Markets expect the Fed will almost certainly keep rates on hold at 5.25% to 5.50%, putting the focus on the central bank\'s forward guidance. Futures markets are pricing in a 30% likelihood of a quarter-point increase in November or 40% chance it will be in December, according to CME FedWatch tool. "We expect the FOMC to retain its forecast of one extra 25 hike by year-end, though it will not follow through with it in our view," said Carol Kong, economist and currency strategist at the Commonwealth Bank of Australia. Dollar/yen could see some upside pressure after a hawkish FOMC meeting, she added. The yen last sat nearly 0.1% higher at 147.77 versus the greenback, off Tuesday\'s low of 147.92 though hovering near the 10-month trough against the dollar ahead of the FOMC announcement. Speculation increased about a possible sooner-than-expected exit from the Bank of Japan\'s ultra-loose policy, but the central bank will most likely keep interest rates ultra-low on Friday and reassure markets that monetary stimulus will stay for the time being amid economic uncertainty. Japan\'s top financial diplomat, Masato Kanda, reiterated warnings on Wednesday, saying Japanese authorities are always in close communication on currencies with U.S. and overseas policymakers while keeping a close watch on market moves with a "high sense of urgency". Meanwhile, the Australian dollar, a proxy for China growth, rose almost 0.1%, holding onto gains after minutes of the Reserve Bank of Australia\'s latest policy meeting signalled more interest rate increases to come. Story continues The New Zealand dollar ticked up over 0.2% against the dollar near $0.5950. The euro and sterling stood mostly unchanged in the Asian morning, at $1.0680 and $1.2391 respectively. Market eyes will be on UK CPI released on Wednesday, the last bit of inflation data to squeeze in before the Bank of England makes their rate decision on Thursday. In cryptocurrencies, bitcoin BTC=BTSP hovered around $27,210, after touching a three-week high on Tuesday. (Reporting by Brigid Riley. Editing by Gerry Doyle)', 'Bitcoin rose on Wednesday morning in Asia to trade above US$27,200, after reaching over US$27,400 earlier in the day. Ether remained flat at around US$1,640. All other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours, with Toncoin spearheading the rally with an over 7% increase. The crypto market received a boost from Japan’s leading investment bank Nomura, which announced a Bitcoin-based fund for institutional investors on Tuesday. U.S. stock futures traded flat, after Wall Street closed lower on Tuesday ahead of the U.S. Federal Reserve’s interest rate decision. Bitcoin rose above US$27,400; Nomura unveiled Bitcoin fund Bitcoin rose 1.75% in the last 24 hours to US$27,214.15 as of 07:30 a.m. in Hong Kong and moved up 5.11% for the week, according to CoinMarketCap data. The world’s largest cryptocurrency rallied early Wednesday morning to reach US$27,488.76 — the highest price since Aug. 31, but soon retreated. Laser Digital, a digital asset subsidiary of Japan’s Nomura Holdings, announced on Tuesday the launch of its Bitcoin Adoption Fund, which aims to provide “a seamless way for institutional investors to access the digital asset class.” Nomura, which held around US$500 billion in assets under management, is Japan’s largest investment bank. The recently launched Bitcoin-related fund is the first in a range of digital adoption investment solutions that Laser Digital Asset Management will bring to the market. “Technology is a key driver of global economic growth and is transforming a large part of the economy from analog to digital. Bitcoin is one of the enablers of this long-lasting transformational change and long-term exposure to Bitcoin offers a solution to investors to capture this macro trend,” Sebastien Guglietta, head of Laser Digital Asset Management, said in the announcement. Meanwhile, as the equity market awaits the U.S. Fed’s interest rate decision on Wednesday, some expect the event to have a limited impact on the crypto market. Story continues “While markets may become volatile during and after the meeting, any sustained directional effect is doubtful. In the current environment, making trading decisions based on macroeconomic data is less helpful due to Bitcoin’s reduced correlation with traditional assets,” wrote blockchain research firm K33 Research on Tuesday. K33 also highlighted a slide in Bitcoin trading activities on the world’s leading crypto exchange Binance. Binance’s seven-day average Bitcoin spot volume had plunged 57% since the start of September, along with the crypto exchange’s intensifying regulatory challenges in the U.S. Ether edged up 0.42% to US$1,643.57 and added 2.96% for the week. The second top cryptocurrency reached a 20-day high of US$1,659.53 on early Wednesday morning. All other top 10 non-stablecoin cryptocurrencies logged gains in the past 24 hours. Toncoin continued leading the winners, which jumped 7.24% to US$2.58. The native token of the TON Network has surged 41.07% for the week. The total crypto market capitalization gained 1.32% in the past 24 hours to US$1.08 trillion, while trading volume dropped 12.12% to US$27.29 billion. Equities tread water ahead of Fed interest rate decision Image: Getty Images U.S. stock futures traded flat on Wednesday morning in Asia, with all three major U.S. index futures edging lower as of 09:30 a.m. in Hong Kong. Wall Street closed lower on Tuesday, with the Dow Jones Industrial Average leading the losers with a 0.31% drop. Main stock indexes in Asia were mixed on Wednesday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng and Japan’s Nikkei 225 logged losses, while South Korea’s Kospi went higher. All eyes are now on the Federal Reserve’s Wednesday decision on interest rates, which are now between 5.25% and 5.50% — the highest level since early 2001. It is all but certain that the Fed will keep interest rates unchanged in September, as the CME FedWatch Tool predicts a 99% chance of no interest rate hike on Wednesday. However, factors like the rising oil price could make the U.S. central bank take a more hawkish stance in its future monetary policies, as the benchmark Brent crude futures touched a 10-month high of US95.96 per barrel on Tuesday. “The risks for headline inflation to heat up over the next couple of months are rising and that should complicate what the Fed does,” Ed Moya, senior market analyst at the U.S.-based forex broker OANDA, told Bloomberg on Tuesday. “If core inflation shows it is struggling to continue to drop, the higher-for-longer rate regime will last a lot longer than the market is pricing in,” said Moya. The Fed will also release its Summary Economic Projections on Wednesday, including a dot plot that will provide further insights into the central bank’s projections for future economic growth, inflation and interest rates. “What’s being priced into the market is a pause (of interest rate hike) but increased risk that rates will stay higher for longer,” Michael Green, chief strategist at the U.S.-based investment advisor Simplify Asset Management, told Reuters on Wed Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $530,045,392,425 - Hash Rate: 414558853.7494199 - Transaction Count: 551783.0 - Unique Addresses: 823616.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: • US stocks rose higher as traders waited for Powell's speech at Jackson Hole. • Last year, stocks plunged after Powell warned markets of "more pain" ahead. • Investors are largely pricing in at least one more rate hike from the Fed later this year. US stocks rose Friday ahead of Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium. Major indexes ticked higher as investors waited for the Fed chief to deliver his remarks around 10:05 am, in which he's expected to give key guidance on the state of US economy and the potential path of monetary policy. Markets have been eyeing the symposium to potentially have a large impact on stocks, particularly since central bankers won't be meeting to discuss their next policy move until late September. Powell's speech at the same event last year sent stocks plummeting as he reiterated the central bank's committement to fighting inflation through interest rate hikes. At last year's event, stocks plunged after Powell warned markets of "more pain" ahead, as the Fed would continue to stay hawkish on inflation. "Fed officials are highly attuned to the risk of declaring victory prematurely and would be loath to make the mistake — as the Fed did in the mid-1970s — of cutting rates, only to reverse course should inflation resurge," Riley Wealth chief market strategist Art Hogan said in a statement on Friday. "Powell is expected to highlight some of the progress made in combating inflation but stay on script with his most recent commentary about the need to remain vigilant." Markets, meanwhile, still think the odds are strong that the Fed holds rates steady at 5.25%-5.50% through the rest of the year, according to theCME FedWatch tool. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday: • S&P 500:4,395.40, up 0.42% • Dow Jones Industrial Average:34,271.13, up 0.5% (+171.71 points) • Nasdaq Composite:13,532.17, up 0.48% Here's what else is going on today: • Top economist Steve Hanke saysstocks look expensive and a recession could be around the corner. • The "mind-blowing" US debt bingeis threatening the stability of the financial system, Larry McDonald warns. • Russian sanctions aren't working, Germany's foreign minister says. • Another Trump presidency could spark an economic and constitutional crisis, according to billionaire investor George Soros. • Former Treasury Secretary Larry Summers is facingbacklash for his inflation "chart crime." In commodities, bonds, and crypto: • Oil prices traded higher.West Texas Intermediatecrude oil climbed 1.5% to $80.26 a barrel.Brent, the international benchmark, rallied 1.46% to $84.60 a barrel. • Goldslipped 0.3% to $1,941.80 per ounce. • The yield on the 10-year Treasury rose one basis point to 4.253%. • Bitcoindipped 0.86% to $26,134.67. Read the original article onBusiness Insider... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["NEW YORK – GOP presidential hopeful Vivek Ramaswamy took the stage at Messari’s Mainnet crypto conference on Wednesday evening and announced plans to release a “comprehensive crypto policy framework” by Thanksgiving.\nIn a “fireside chat” with data company Messari CEO Ryan Selkis, Ramaswamy’s brief remarks – which touched on recent SEC rulings and crypto’s role as a disruptor for traditional finance – painted a generally rosy picture of blockchain technology and delivered a scathing indictment of “three-letter” regulatory agencies.\nSelkis said he’d seen the framework and concurred with the GOP candidate that it’s currently “75% there.”\nRamaswamy said he has “relatively strong views on what the future of governmental interface with crypto should be,” zeroing in on what he called an “unconstitutional fourth branch of government” – regulators.\n“That is the cancer at the heart of our federal government today,” said Ramaswamy. “Most of the political power is wielded by people who are never elected to their positions that sit in the back of three-letter government agency buildings in Washington DC in a three-letter regulatory alphabet soup.”\nFollowing an appearance from Anthony Scaramucci – the financier famous for his brief stint as Donald Trump’s communications director – Ramaswamy’s remarks speak to crypto’s growing prominence in the U.S. political landscape. As Selkis noted as he welcomed Ramaswamy to the stage, “If you told me a couple of years ago that we'd have a major presidential candidate talking at a crypto conference, I don't think anyone would have believed it.”\nBitcoin’s founding ethos verges on libertarian, but the industry has generally managed to avoid strict categorization on any specific side of the U.S. political spectrum. Ramaswamy’s open embrace of crypto, however, could portend a rightward shift for the industry.\nRamaswamy was a pharmaceutical entrepreneur before he mounted his 2024 presidential campaign – fashioning himself as a youthful, tech-forward heir to Donald Trump’s populist MAGA movement. Even further to the right than Trump on many issues, Ramaswamy’s debate performance in August was something of a break-out moment for the 38-year-old – with attacks from Trump administration figures like Mike Pence and Nikki Haley underscoring the controversial political candidate’s rapid emergence as a serious political contender.\nA CNN pollreleased Wednesdayplaced the political newcomer second to Donald Trump in the nomination race – ahead of Florida Governor Ron DeSantis, who was widely considered Trump’s main competition in the early days of campaigning.\nRamaswamy’s remarks on Wednesday weren’t the first time he’d spoken positively of crypto. Most recently, ina tweet lastmonth, Ramaswamy celebrated a court ruling against the SEC in itscase with Grayscale– a decision considered favorable to the blockchain industry.", "Grayscale Investments, a leading cryptocurrency investment firm, has officially decided to relinquish its rights to the Ethereum tokens that followed the significant event known as the Merge. The decision, announced on Sunday, was made due to a lack of liquidity and support from the custodian of its products for these post-Merge Proof-of-Work (PoW) Ethereum (CRYPTO:ETH) tokens, also known as ETHPoW.\nThe Merge, which took place on September 15, 2022, marked a complete transition for Ethereum from a Proof-of-Work (PoW) system to a Proof-of-Stake (PoS) system. This resulted in a split of the Ethereum blockchain into a primary PoS-based Ethereum and a secondary PoW-based Ethereum.\nFollowing this significant shift, Grayscale considered acquiring ETHPoW and potentially selling ETHW for its record date shareholders. However, after an additional six months of deliberation following the Merge, the firm decided against this course of action. The decision was influenced by uncertainties around the stance of digital asset custodians and trading platforms on supporting ETHW tokens.\nIn contrast to Grayscale's decision, some crypto investment firms like ETC Group attempted to launch specific EthereumPoW exchange-traded products (ETPs). However, due to a lack of suitable custody providers, ETC Group had to discontinue its PoW-centric ZETW ETP just six weeks after its launch.\nGrayscale's decision is expected to be discussed at the upcoming Benzinga's Future of Digital Assets conference on November 14. Industry shifts such as Grayscale's move away from ETHPoW tokens are likely to be key topics at this event.\nIn related news, just a day after announcing its decision on ETHPoW tokens, Grayscale expressed intentions to introduce a new Ether (ETH) futures exchange-traded fund. The firm approached the United States Securities and Exchange Commission on Monday, seeking approval to list and exchange shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the guidelines of the New York Stock Exchange Arca Rule 8.200-E.\nThis article was generated with the support of AI and reviewed by an editor. For more information see our T&C.\nRelated Articles\nGrayscale abandons post-Merge Ethereum PoW tokens due to liquidity and custodian concerns\nEthereum's price surpasses $2,000 following Shapella upgrades\nBitcoin analysis predicts â€˜spicyâ€™ BTC price into FOMC as $27K holds", "Grayscale Investments, a leading cryptocurrency investment firm, has officially decided to relinquish its rights to the Ethereum tokens that followed the significant event known as the Merge. The decision, announced on Sunday, was made due to a lack of liquidity and support from the custodian of its products for these post-Merge Proof-of-Work (PoW) Ethereum (CRYPTO:ETH) tokens, also known as ETHPoW. The Merge, which took place on September 15, 2022, marked a complete transition for Ethereum from a Proof-of-Work (PoW) system to a Proof-of-Stake (PoS) system. This resulted in a split of the Ethereum blockchain into a primary PoS-based Ethereum and a secondary PoW-based Ethereum. Following this significant shift, Grayscale considered acquiring ETHPoW and potentially selling ETHW for its record date shareholders. However, after an additional six months of deliberation following the Merge, the firm decided against this course of action. The decision was influenced by uncertainties around the stance of digital asset custodians and trading platforms on supporting ETHW tokens. In contrast to Grayscale's decision, some crypto investment firms like ETC Group attempted to launch specific EthereumPoW exchange-traded products (ETPs). However, due to a lack of suitable custody providers, ETC Group had to discontinue its PoW-centric ZETW ETP just six weeks after its launch. Grayscale's decision is expected to be discussed at the upcoming Benzinga's Future of Digital Assets conference on November 14. Industry shifts such as Grayscale's move away from ETHPoW tokens are likely to be key topics at this event. In related news, just a day after announcing its decision on ETHPoW tokens, Grayscale expressed intentions to introduce a new Ether (ETH) futures exchange-traded fund. The firm approached the United States Securities and Exchange Commission on Monday, seeking approval to list and exchange shares of the Grayscale Ethereum Futures Trust (ETH) ETF under the guidelines of the New York Stock Exchange Arca Rule 8.200-E. Story continues This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Related Articles Grayscale abandons post-Merge Ethereum PoW tokens due to liquidity and custodian concerns Ethereum's price surpasses $2,000 following Shapella upgrades Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds", 'The U.S. Federal Reserve kept interest rates unchanged as expected at its September meeting on Wednesday. Bitcoin briefly fell below US$26,900 in the early hours of the morning after Fed Chair Jerome Powell said more interest rate hikes may be needed to curb inflation. But the token is now trading above the US$27,000 support level. Ether also dropped but held above US$1,600. Most other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours. Toncoin led the losers with a slide of over 6%. U.S. stock futures traded lower Thursday morning after a day of Wall Street losses Wednesday.\nBitcoin dipped 0.28% in the last 24 hours to US$27,137.70 as of 07:30 a.m. in Hong Kong. But the world’s largest crypto token still posted a weekly gain of 3.52%, according toCoinMarketCapdata.\nThe Fed announced a much-anticipated pause in its rate hiking cycle Wednesday. The rate will continue at 5.25% and 5.50%, its highest level in 22 years. The Fedraisedits projected interest rates for the end of 2023 to 5.6%, indicating another rate hike to come within the year. The agency also raised its projection for the end of 2024 to 5.1%, up from the 4.3%predictedin June.\n“With 99% of forecasts predicting no change at the FOMC meeting, it was clear that we would see a stabilization of interest rate policy moving forward. However, it came as a surprise that the report emphasized slower rate cuts moving forward than previously projected,” Michael Silberberg, Head of Investor Relations at the U.S.-based crypto hedge fund AltTab Capital, said in an emailed comment.\n“While it’s a relief that the Fed see us at the peak of rate hikes with their forecast of fewer rate cuts in 2024, it is hard for us to take today’s announcement with too much optimism,” added Silberberg.\nFollowing Powell’s announcement, Bitcoin fell more than 1.5% to US$26,864.08 on early Thursday morning in Asia. But it soon recovered to above US$27,000.\nOn the regulatory front, the U.S. Securities and Exchange Commission (SEC)saidit would expand its regulatory scrutiny over the crypto industry. The agency has already sued multiple crypto companies for alleged securities violations. Those companies include software firm Ripple Labs and the U.S. branches of the world’s largest cryptocurrency exchanges Coinbase Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,292,944,750 - Hash Rate: 391843300.11931473 - Transaction Count: 431540.0 - Unique Addresses: 763149.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The Week in DeFi: Holesky Testnet Launch, Balancer Security Vulnerability, and Solana Pay x Shopify The Ethereum Foundation revealed it will debut the Holesky testnet on September 15th, aiming to supplant Goerli. Meanwhile, Balancer contended with a security fright as a critical bug was found in certain pools this week. Finally, Solana Pay partnered with Shopify to integrate its services into the e-commerce platform. Eventful week for DeFi ! Let’s dive deeper into what went down in DeFi this past week. Overview: Sentiment Continues to Sink Total value locked (TVL) across all chains continues the downtrend, shedding another 2.5% as market sentiment prolongs its decline. Noteworthy exceptions to the trend are ConsenSys -backed L2 chain, Linea , which experienced a 40% swell in TVL, and Sui , which saw its TVL rise 20%. Source: DeFiLlama Welcome to Alpha Central 0xBreadguy dives into the tools built around social media applications, friend.tech , including tools to improve trading, charting , and analysis on the platform. Wajahat Mughal covers 15 primitives he believes will push upcoming narratives in crypto, providing examples in each category. Redphonecrypto muses on DeFi and how it powers applications only feasible with crypto as the backend infrastructure. Ethereum: Holesky Testnet Incoming, EigenLayer Hits Caps Again The Ethereum Foundation will deploy a new testnet, Holesky, to replace Goerli. Holesky will launch on September 15, with two billion Holesky ETH (hETH) available at genesis to address insufficient funds on testnets. ETH restaking solution EigenLayer raises caps again on staking , this time to 100K tokens. The caps filled in under two hours before deposits were paused. Alongside the cap raise, EigenLayer announced an NFT mint, EigenWorlds, available to EigenLayer stakers. ETH restaking platform Stader Labs deploys rsETH on their testnet. RsETH represents restaked ETH, obtained by staking LSTs on Stader, allowing users to earn rewards on LSTs. Weighted AMM Balancer uncovers a critical vulnerability in boosted pools across supported chains. Though Balancer mitigated most risk, the protocol still suffered a $400K loss . Cross-chain settlement layer THORChain launches THORChain Lending, enabling USD loans on native ETH or BTC . The no-interest, no- liquidation loans have a 30-day minimum duration. Bumper Finance will launch on Ethereum mainnet on August 31, with $250K in incentives for early adopters. Bumper seeks to shield crypto investors from volatility using an innovative DeFi mechanism. Memecoin PEPE dumps as several ex-members allegedly steal and sell $15 million in PEPE tokens. The team claims to have regained control of the multisig wallet holding the tokens, but many are doubting this claim. Story continues L2s: FRIEND Perpetuals Live for Trading Options and perpetual trading platform Aevo launches perpetuals trading on FRIEND, representing the market capitalization of all friend.tech accounts, enabling traders to long or short their value. Positional markets Thales launches Speed Markets on Arbitrum . Speed Markets allow bets on an asset's direction over short timeframes, where users bet on the asset trading above or below the current price by the timeframe's end. BitDAO’s L2 chain Mantle has staked 40,000 ETH tokens from its treasury with Lido Finance after a successful governance vote earlier this month. Bracket Labs launches Passage, allowing traders to speculate on an asset price. It enables trading volatility and leveraged trading. Solana: Solana Pay Now on Shopify Solana Pay is now supported on the e-commerce platform Shopify, enabling merchants to accept USDC payments via Solana's blockchain. Solana Pay plans to add more tokens including native SOL and memecoin BONK . Elusiv goes live on Solana this week, bringing privacy to token swaps . It keeps trades private, allowing traders to conceal on-chain activity. Elusiv is powered by DEX aggregator Jupiter. Credit protocol Maple Finance launches Solana support, enabling Solana projects and DAOs to utilize their cash management solution. L3 blockchain Nautilus launches on mainnet after a year of development. Nautilus is built on Solana's VM using Neon EVM and Celestia. Currently an optimistic rollup , it seeks to transition to a ZK rollup. Cosmos: Dymension’s Incentivized Testnet Is Live Dymension releases its incentivized testnet, Froopyland with a maturity date of three months and 1% of the total supply distributed as rewards. Dymension is a chain designed to enable rollup deployment compatible with Cosmos' Inter-Blockchain Communication (IBC) Protocol. Another Week, Another Airdrop Base Velodrome fork Aerodrome will launch on Monday, accompanied by an airdrop of veAERO tokens to veVELO lockers on Velodrome. 40% of the veAERO supply will be distributed in this airdrop. Crypto betting platform, Shuffle, announces their token and hints at their upcoming airdrop in the near future. Stay updated on your favorite projects and stay tuned for next week’s edition, and keep supporting your favorite projects, degens! View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dropped Friday morning in Asia to trade below the US$27,000 support level. Ether also retreated and lost control of the US$1,600 mark for the first time in the past week. All other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours. Solana led the losers with a slide of over 3%. The drop in crypto prices coincided with a decline Thursday in global equity markets as investors digested hawkish U.S. Fed remarks on monetary policy. U.S. stock futures were trading flat during opening hours in Asia after all three major U.S. indexes logged losses of over 1.0% Thursday.\nBitcoin fell 2.10% in the last 24 hours to US$26,580.90 as of 07:30 a.m. in Hong Kong, according toCoinMarketCapdata. The world’s largest cryptocurrency fell to US$26,389.30 on Thursday night, its lowest level in a week.\nAfter deciding to keep interest rates unchanged in September as expected, the U.S. Federal Reserve projected one more interest rate hike by the end of 2023. While it lowered its prediction for the pace of interest rate cuts in 2024, comments from Fed members were “more hawkish” than analysts expected.\n“The drop in most tokens this morning could reflect the cautious stance of investors, who are carefully digesting the implications of the Federal Reserve’s recent interest rate remarks,”\xa0 said John Stefanidis, CEO of blockchain infrastructure platform Balthazar DAO.\n“Additionally, the surge in 10-year U.S. Treasury yields to 16-year highs could have played a role in reshaping market dynamics,” Stefanidis added.\nFollowing the Fed meeting Wednesday, benchmark 10-year U.S. treasury yieldsroseto a 16-year high of 4.49% on Thursday.\n“U.S. equity and rates markets have broken some very key levels on the back of this (Fed projection), and reflexivity can take over with the bearish thesis from here,”saiddigital asset trading firm QCP Capital in a Thursday Telegram market update.\nThe drop in equity markets and rising treasury yields “could seep into crypto markets and take BTC lower with it, albeit with a lower beta as compared to other very stretched macro markets like the NASDAQ,” said QCP Capital.\nDespite macro pressures, Bitcoin can receive some support from the multiple spot Bitcoin exchange-traded fund (ETF) applications ongoing in the U.S., said Markus Thielen, head of research and strategy at digital asset service platform Matrixport.\n“If the SEC approves a Bitcoin ETF, which we believe is a 70% probability over the next six months, then there could be an immediate re-pricing and Bitcoin could be +20% more expensive in an instant. Hence, it is essential to keep upside exposure to such an event,” Thielen said in an emailed comment.\nEther fell 2.35% to US$1,585.53 and was trading 2.66% lower for the week. The world’s second largest cryptocurrency fell below the US$1,600 support level for the first time since last Thursday.\nAll other top 10 non-stablecoin cryptocurrencies posted losses in the past 24 hours. Solana’s SOL led the losers, falling 3.73% to US$19.54. But it still posted a weekly gain of 3.35%\nMeanwhile, the collapsed Tokyo-based crypto exchange Mt. Gox delayed the deadline to repay its customers from October 2023 to October 2024, according to anannouncementby Mt. Gox trustees on Thursday.\nAround 850,000 Bitcoins (worth about US$22.57 billion at the current price) were stolen from Mt. Gox in 2014, which was then the largest crypto exchange in the world. The crypto exchange currently holds about142,000 Bitcoins. Analysts expect the return of the lost Bitcoin to Mt. Gox customers will exert selling pressure on the wider Bitcoin market.\n“(Mt. Gox’s delay) alleviates — at least for now — a wave of selling that many traders must have been prepping for and that can now be ignored,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\nElsewhere, Tether Holdings, the issuer of the USDT stablecoin,expandedits USDT lending services during the latest financial quarter, less than one year aftersayingit would phase out the practice.\n“Most investors and holders would see that as additional risk, as it means more assets will be used by third parties and, if market conditions were to turn for the worse, could pose liquidity issues,” said d’Anethan.\nUSDT traded at US$1.0001 as of 07:30 a.m. in Hong Kong, slightly higher than its 1:1 peg to the U.S. dollar. The valuation suggests “investors are not worried and actually prefer it to most other stablecoin options,” said d’Anethan.\nThe total crypto market capitalization dropped 1.67% in the past 24 hours to US$1.05 trillion, while trading volume jumped 158.64% to US$72.41 billion.\nU.S. stock futures were trading flat as of 09:30 a.m. in Hong Kong. Wall Street closed lower Thursday, the Nasdaq Composite leading the losers with a 1.82% slide. The Dow Jones Industrial Average and S&P 500 also booked losses of over 1%.\nMost major Asian stock indexes were down Thursday morning. Hong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi all booked losses. The Kospi led the losers with a 0.92% drop, while China’s Shanghai Composite posted a marginal gain of 0.05%\nThe drop in equity markets followed the Federal Reserve’s hawkish tone on monetary policies at its September meeting Wednesday. Fed membersprojectedthe interest rate to reach 5.6% by the end of 2023, indicating another 25-basis-point rate hike to come within the year. The Fed also raised the projected median interest rate by the end of 2024 from 4.6% to 5.1% in a sign it intends to keep rates higher for longer.\nThe Fed may need to further raise the interest rate “to make sure that core inflation especially continues to come down at an appropriate pace so the committee can get back to 2% inflation in a reasonable time frame,” Former Federal Reserve Bank of St. Louis President James Bullard toldBloombergon Thursday.\n“The prospects for a soft landing are very good, but you haven’t landed until you get inflation back to 2%,” said Bullard. The U.S. core consumer price index (CPI) for Augustrose4.3% year-on-year, the smallest increase in almost two years.\nOn the economic data front, the initial jobless claims in the U.S.droppedto 201,000 in the week ending Sept. 16. The figure is lower than the analyst expectation of225,000and marks the lowest level since January. The data could add to the Fed hawkishness regarding monetary policy.\n“This economy is just not showing any sign of slowing down which hints that inflation will not be coming back down to target,” Christopher Rupkey, chief economist at FWDBONDS in New York, toldReuterson Friday. “The Fed was wise to keep another interest rate hike in their back pockets just in case, and it now looks like another rate hike is warranted.”\nThe Fed meets on Nov. 1 to make its next decision on interest rates. TheCME FedWatch Toolpredicts a 73.8% chance of no interest rate hike in November, up from 71.6% on Thursday. It also gives a 54.8% chance of another pause in December, up from 53.4% on Thursday.\nElsewhere, Russiaissueda temporary ban on diesel and gasoline exports on Thursday with an unspecified end date. The announcement triggered ajumpin diesel prices in Europe.\n“Despite this being only a temporary ban, the impact is significant as Russia remains a key diesel exporter to global markets,” Alan Gelder, vice president of refining, chemicals and oil markets at global consultancy group Wood Mackenzie Ltd., toldBloombergon Thursday.\n“The global refining system will struggle to replace those lost Russian volumes at a time when global diesel inventories are already at low levels,” Gelder added.\nIn Japan, the country’s central bankannouncedits own decision on interest rates Friday. The Bank of Japan will maintain its ultra loose monetary policy. That includes a short-term interest rate target of -0.1% and an effective cap of 1.0% on 10-year bond yields.\n(Updates with equity section, Stefanidis’ comment)', 'Bitcoin dropped Friday morning in Asia to trade below the US$27,000 support level. Ether also retreated and lost control of the US$1,600 mark for the first time in the past week. All other top 10 non-stablecoin cryptocurrencies logged losses in the past 24 hours. Solana led the losers with a slide of over 3%. The drop in crypto prices coincided with a decline Thursday in global equity markets as investors digested hawkish U.S. Fed remarks on monetary policy. U.S. stock futures were trading flat during opening hours in Asia after all three major U.S. indexes logged losses of over 1.0% Thursday. Cryptos drop as US bond yields soar Bitcoin fell 2.10% in the last 24 hours to US$26,580.90 as of 07:30 a.m. in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency fell to US$26,389.30 on Thursday night, its lowest level in a week. After deciding to keep interest rates unchanged in September as expected, the U.S. Federal Reserve projected one more interest rate hike by the end of 2023. While it lowered its prediction for the pace of interest rate cuts in 2024, comments from Fed members were “ more hawkish ” than analysts expected. “The drop in most tokens this morning could reflect the cautious stance of investors, who are carefully digesting the implications of the Federal Reserve’s recent interest rate remarks,”\xa0 said John Stefanidis, CEO of blockchain infrastructure platform Balthazar DAO. “Additionally, the surge in 10-year U.S. Treasury yields to 16-year highs could have played a role in reshaping market dynamics,” Stefanidis added. Following the Fed meeting Wednesday, benchmark 10-year U.S. treasury yields rose to a 16-year high of 4.49% on Thursday. “U.S. equity and rates markets have broken some very key levels on the back of this (Fed projection), and reflexivity can take over with the bearish thesis from here,” said digital asset trading firm QCP Capital in a Thursday Telegram market update. The drop in equity markets and rising treasury yields “could seep in Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $519,638,729,175 - Hash Rate: 366288302.2854464 - Transaction Count: 441679.0 - Unique Addresses: 757791.0 Social & AI Sentiment: - Fear & Greed Index: 0.43 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) and major tokens edged higher as traders digested concerns of a ruling in the ongoing FTX court casethat temporarily led to sell-off concernsearlier this week. BTC rose 1.5% to trade over $26,100 in European morning hours on Thursday. Ether neared $1,700 before falling to $1,650. Xrp (XRP) and solana (SOL) led gains among major crypto tokens, rising as much as 3% before retreating. The CoinDesk Market Index (CMI), a broad-based index that tracks the prices of hundreds of tokens, rose 1.67% in the past 24 hours. Among mid-caps, THORChain’s rune (RUNE) bumped 6.8% as developersunveiled a wayto allow cross-chain swaps of bitcoin via a tool built in collaboration with ShapeShift. A jump in SOL came even as crypto exchangeFTX revealed in bankruptcy court filings earlier this week that it holds $1.16 billion of SOL – approximately 16% of the token’s outstanding supply– and about $560 million in BTC. The rest of its holdings consist of lesser-known illiquid tokens. On Wednesday, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled that FTX could sell and invest its crypto holdings to pay back creditors. SOL dropped up to 4% following the court ruling, but part of the stash is locked as venture investment and not available for sale. Aptos (APT),another token held by FTX, dropped nearly 2%. Meanwhile, FxPro Senior Market Analyst Alex Kuptsikevich told CoinDesk in an email that, generally, bearish sentiment remained intact among professional traders. “The question is whether the recent dip will be the starting point for the next rally. Keep an eye on the activity near the recent highs; for now, the market is not allowed to go higher,” Kuptsikevich said. “Despite the potential for a rebound, BTCUSD remains within the bearish momentum that has been in place since July, with lower and lower highs and lows,” he added. “Ether remains in a downtrend, although its intensity is decreasing.”... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Machines replacing humans in the workplace is not new, but today’s advances in artificial intelligence could affect hundreds of millions of jobs. I wrote an article in 2021, Dying Careers You May Want to Steer Clear Of , about how jobs will start to disappear because smart machines are becoming smarter. Since that article, advances in artificial intelligence have exploded, making AI a possible threat to the job security of hundreds of millions of workers. Let’s examine what’s going on and whether you should update your résumé in case even savvier computers gobble up your job. The threat of your job becoming obsolete may feel like a new thing and a slap in the face. It’s not. This phenomenon has happened throughout history. The earliest example of a machine that could replace workers, that I could find, was in 1589 when William Lee invented the stocking frame knitting machine. Lee thought that workers would be thrilled to no longer have to sit in drafty rooms huddled together while knitting by hand, only to develop stooped shoulders and arthritis. He was wrong. Lee sought a patent for his revolutionary knitting machine and even invited Queen Elizabeth I to view his invention. The queen was more concerned about all of the knitters who could be laid off and refused to grant Lee a patent. According to Daron Acemoglu and James Robinson, authors of the 2012 book Why Nations Fail: The Origins of Power, Prosperity, and Poverty , the queen said, “Thou aimest high, Master Lee. Consider thou what the invention could do to my poor subjects. It would assuredly bring to them ruin by depriving them of employment, thus making them beggars.” We know that progress is impossible to stop, even for the queen. What industries could become obsolete in the future? Acknowledging that no one knows for sure what professions will or will not exist or how they will change over time, I think, in general, that the upper middle class is about to get slammed. Frankly, most white-collar employees involved in cognitive jobs should be worried. According to a paper from the University of Oxford, “The Future of Employment,” about 47% of total U.S. employment is at risk . It’s not just that actual robotic machines are more efficient, it’s also that our computers are becoming way smarter. Story continues AI could take your job Goldman Sachs estimates around 300 million jobs could be affected by generative AI . This could cause a seismic disruption, with an estimated two-thirds of jobs in the U.S. and Europe subject to some form of automation. So you might want to think about updating your skills and your résumé if you are in any of these professions: Office and administrative support Legal Architecture Engineering Business and financial operations Sales Education Arts and design Travel agents Truck drivers Medicine Librarian/archivist Sports referees Factory workers More depressing news Quantum computing is just around the corner. It is the new-new in the computer world. It can address complicated problems with many factors and therefore develop some outcomes more quickly than a regular computer. I think it will turn jobs like Bitcoin mining on its head, because it can solve math problems really quickly. If you just have computer skills on your résumé, you may also be out of luck, because these new quantum computing skills are unique. Jobs that may exist I’m confident that machines won’t replace the jobs that need a human touch. Machines can be great at performing certain functions, but they don’t have empathy, intuition or the ability to make a human connection. That means that if you work in health care, counseling or live customer service, your job may be safe. Wouldn’t it be great to also dream of a time, after an annoying bout with machine prompts, when you could talk to a real person? The crossroads of the ‘Oppenheimer’ effect Let’s now complicate matters further. Just as the queen and others have struggled with the ethics and morality of putting workers out of work, let’s ponder the morality of possibly creating science that can end the world. AI has caused many to become bereaved with the thought that it could lead to the military destruction of the world. The movie Oppenheimer (not to be confused with Barbie ) highlights this quandary. Alexander Karp, CEO of Palantir Technologies, discussed in The New York Times the moral judgments faced by Robert Oppenheimer, who is often referred to as the “father of the atomic bomb.” Oppenheimer is quoted to have said, “When you see something that is technically sweet, you go ahead and do it … and you argue about what to do about it only after you have had your technical success. That is the way it was with the atomic bomb.” That may also be the debate with AI. But just as with the atomic bomb, do we let our enemies develop it first? We did not shy away from building the automobile, which has led to horrific traffic deaths. We make laws and other protections, like seat belts and airbags, that protect the populace. Can we do the same with AI? This, like my previous article, can make for great dinner conversation with your kids. Ask them what they see in the future and what jobs they think will disappear and be created. Ask them what may come of the new “technical” brainpower we can build. How can it be used for good, and what should we do to prevent it from being used for evil? Part of being a parent is to not only help our kids to be resilient when it comes to change, but to also help them understand some of the consequences, as well. Remember the words of Albert Einstein: “The measure of intelligence is the ability to change.” related content Facing a Potential Job Loss? Here’s How to Prepare How to Avoid Getting Sued After Leaving Your Job Five Things to Consider When Weighing a Job Change The Job Market for People With Disabilities Is Booming 401(k) Options After You’ve Left Your Job', 'Machines replacing humans in the workplace is not new, but today’s advances in artificial intelligence could affect hundreds of millions of jobs. I wrote an article in 2021, Dying Careers You May Want to Steer Clear Of , about how jobs will start to disappear because smart machines are becoming smarter. Since that article, advances in artificial intelligence have exploded, making AI a possible threat to the job security of hundreds of millions of workers. Let’s examine what’s going on and whether you should update your résumé in case even savvier computers gobble up your job. The threat of your job becoming obsolete may feel like a new thing and a slap in the face. It’s not. This phenomenon has happened throughout history. The earliest example of a machine that could replace workers, that I could find, was in 1589 when William Lee invented the stocking frame knitting machine. Lee thought that workers would be thrilled to no longer have to sit in drafty rooms huddled together while knitting by hand, only to develop stooped shoulders and arthritis. He was wrong. Lee sought a patent for his revolutionary knitting machine and even invited Queen Elizabeth I to view his invention. The queen was more concerned about all of the knitters who could be laid off and refused to grant Lee a patent. According to Daron Acemoglu and James Robinson, authors of the 2012 book Why Nations Fail: The Origins of Power, Prosperity, and Poverty , the queen said, “Thou aimest high, Master Lee. Consider thou what the invention could do to my poor subjects. It would assuredly bring to them ruin by depriving them of employment, thus making them beggars.” We know that progress is impossible to stop, even for the queen. What industries could become obsolete in the future? Acknowledging that no one knows for sure what professions will or will not exist or how they will change over time, I think, in general, that the upper middle class is about to get slammed. Frankly, most white-collar employees involved in cognitive jobs should be worried. According to a paper from the University of Oxford, “The Future of Employment,” about 47% of total U.S. employment is at risk . It’s not just that actual robotic machines are more efficient, it’s also that our computers are becoming way smarter. Story continues AI could take your job Goldman Sachs estimates around 300 million jobs could be affected by generative AI . This could cause a seismic disruption, with an estimated two-thirds of jobs in the U.S. and Europe subject to some form of automation. So you might want to think about updating your skills and your résumé if you are in any of these professions: Office and administrative support Legal Architecture Engineering Business and financial operations Sales Education Arts and design Travel agents Truck drivers Medicine Librarian/archivist Sports referees Factory workers More depressing news Quantum computing is just around the corner. It is the new-new in the computer world. It can address complicated problems with many factors and therefore develop some outcomes more quickly than a regular computer. I think it will turn jobs like Bitcoin mining on its head, because it can solve math problems really quickly. If you just have computer skills on your résumé, you may also be out of luck, because these new quantum computing skills are unique. Jobs that may exist I’m confident that machines won’t replace the jobs that need a human touch. Machines can be great at performing certain functions, but they don’t have empathy, intuition or the ability to make a human connection. That means that if you work in health care, counseling or live customer service, your job may be safe. Wouldn’t it be great to also dream of a time, after an annoying bout with machine prompts, when you could talk to a real person? The crossroads of the ‘Oppenheimer’ effect Let’s now complicate matters further. Just as the queen and others have struggled with the ethics and morality of putting workers out of work, let’s ponder the morality of possibly creating science that can end the world. AI h Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,606,404,200 - Hash Rate: 442953295.7870514 - Transaction Count: 629617.0 - Unique Addresses: 882768.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The FTSE 100 index narrowly avoided its lowest close of the year after a grim week for global stock markets. London’s top flight fell again by 0.7% today, leaving it down by 3.5% since Monday as worries mount globally over higher-for-longer interest rates. It has lost 350 points over the course of a six-day losing streak. For much of the day, the index appeared set for the lowest close since November 2023, but it rallied slightly in the last hour of trading. Rising borrowing costs have added to pressure on the retail sector, resulting intoday’s 1.2% fall in sales during washout July. • Blue-chip index on course to close at 2023 low • Retail sales fall sharply in July • Great Portland in £70m Soho Square deal Friday 18 August 2023 16:38,Daniel O'Boyle A late rally helped the FTSE 100 close at 7,262.43 today, less than seven points more than its lowest close of the year. The index fell as low as 7220, but rallied in the last hour before markets closed in London. However, it was still down 0.7% today, and in its longest losing streak since 2020. Airtel Africa and RS Group were among the biggest fallers. Friday 18 August 2023 16:28,Daniel O'Boyle The FTSE 100 has picked up from its lows and appears set to avoid the lowest close of the year. However, the index is still down 0.6% today, and set for its sixth consecutive day of declines. It is currently at 7,265.34, nine points ahead of the lowest close it reached this year, in July. Friday 18 August 2023 16:26,Daniel O'Boyle Councils and police are being urged to “turn a blind eye” to pubs opening early for the women’s football World Cup final. MPs have called on the authorities to ignore instances of publicans serving outside of their usual Sunday hours, after warnings that licensing rules mean leave some venues unable to serve pints or open early for excited fans on the day. In Cornwall, the local council and police have already announced they will not take enforcement action for early opening during the big match. Read more here Friday 18 August 2023 16:02,Daniel O'Boyle The biggest official fuel producer in the North Sea will present its results next week, with investors likely keen to know more about its plans for the future and the impacts of the windfall tax. Harbour Energy has been complaining about its UK tax bill since the Government introduced a special charge for energy companies as prices soared following Russia’s full-scale assault on Ukraine. The company said in March that its profit had been “all but wiped out” by the windfall tax. But that was based on writing off last year’s profit against what the company expects to pay over the five-year period of the tax, a move that brought criticism at the time. Read more here Friday 18 August 2023 15:47,Daniel O'Boyle Wall Street shares have started the day lower, following Asia and Europe down. The S&P 500 is down 0.3% to 4,356.29, while the Dow Jones is down 0.1% at 34,436.86. The tech-led Nasdaq index is down 0.6%, to 13,235.35. Big risers included retailers ROss Stores, Dollar Generaland Walmart. Fallers include tech beghemoths Nvidia, Meta and Alphabet. Friday 18 August 2023 15:09,Daniel O'Boyle The amount that an average household is expected to pay for its energy bills will fall by around £150 per year from the start of October, according to a new forecast. Ofgem’s next price cap, which will be announced on Friday next week, will drop to around £1,925, according to the latest forecast from Cornwall Insight, an energy consultancy. It is a reduction of 7%, and the lowest the cap has been since March 2022. Read more here Friday 18 August 2023 14:31,Daniel O'Boyle The boss of offices giant IWG said “more and more workers want to live in a 15-minute city”, as the firm’s Regus arm announced a new flexible 5,500 sq ft workspace in Battersea. The business said the new office is part of a “series” of 15-minute cities that IWG is establishing across London, and comes just days after it reported a surge in demand for workspace in the suburbs, as demand in typically popular locations like the City cools. IWG hopes to add as many of 1,000 new locations to its network this year to serve the growing number of hybrid workers in the capital. The Battersea office is set to open in the fourth quarter of the year Read more here Friday 18 August 2023 13:45,Daniel O'Boyle The FTSE 100 has fallen even further today, and is now down more than 80 points, or 1.1%, at 7,229.00. That brings it close to the lowest it has reached all year, when it fell to 7206 on 20 March amid fears about the global banking sector, before rebounding later that day. The index has now lost nearly 400 points in the space of just six trading days. Big fallers today include RS Group, Airtel Africa and Antofagasta. British American Tobacco is the only FTSE 100 firm to rise by more than 0.5%. Friday 18 August 2023 13:37,Daniel O'Boyle Deliveroo customers can now enjoy champagne with their kebab or prosecco with their pizza under new order options introduced on its app. The feature, which is to be made available to customers across the UK following a trial phase in London, allows app users to combine takeaway food with grocery shopping in a single order. Deliveroo said the new functionality was introduced after data showed large numbers of customers ordered restaurant food and supermarket essentials within a few minutes of each other. Read more here Friday 18 August 2023 13:15,Jonathan Prynn If some of the recent reports are to be believedOxford Streethas been reduced to a Mad Max-style dystopia where feral criminal gangs smash store windows at will and tacky Candy stores fill virtually every retail unit from Marble Arch to Centre Point. The truth is very different as our report today shows. There is no doubt that the 1.2 mile-long canyon of consumerism has had a tough time since 2020 and it is looking a little battered. There are certainly too many candy stores, although firm action being taken by Westminster council should thin their ranks. But there is investment too. Today’s encouraging figures from CBRE show there is no shortage of retailers hoping to open new space on Europe’s busiest shopping street, which still has a vitality unmatched nearly anywhere else in the world. Read more here Friday 18 August 2023 12:26,Simon Hunt Halfway through the day’s trading session in London, the FTSE 100 has slipped further and is now down 0.8%. Here’s a look at your key market data. Friday 18 August 2023 11:55,Daniel O'Boyle Train drivers are to stage a fresh strike next month amid their long-running dispute over pay, threatening more travel chaos for passengers. Members of union Aslef will walk out on September 1 and will ban overtime on September 2 - the same day as a strike by the Rail, Maritime and Transport union (RMT). Announcing the strike on Friday, Aslef said its walk-out will force train companies across England to cancel all services, while the ban on overtime will “seriously disrupt” the network. Read more here Friday 18 August 2023 11:15,Daniel O'Boyle Oxford Street was given a big boost earlier as figures showed retailers are queuing up to open new stores there, with more than 100,000 sq ft of deals in advanced negotiations. After a challenging three and a half years for the famous shopping destination since the start of the pandemic —not helped by disruption last week when some social media videos urged people to turn up and cause disorder — the research shows that space there is still in hot demand. Property consultancy CBRE found there are at least 10 stores under offer in Oxford Street. Firms set to sign leases are in a variety of retail sectors including fashion, tech and food and beverage. Read more here Friday 18 August 2023 10:31,Graeme Evans The FTSE 100 index is in danger of setting its lowest close of the year after falling 1% or 71.77 points to 7,238.44. London’s top flight is on a six session losing run that has cost the benchmark more than 250 points since Monday and 6% across August. Today’s mood wasn’t helped by the crisis in China’s debt-laden property sector after Evergrande last night filed for bankruptcy protection in the United States. The Hang Seng index in Hong Kong closed 2% lower and is now down by more than 10% this year amid China’s disappointing economic recovery. On Wall Street, the recent optimism over a soft landing for the US economy has been punctured by signs the Federal Reserve is not yet done raising interest rates. The speculation yesterday pushed the US 10-year Treasury yield, which is used as a benchmark for global borrowing costs, to its highest daily close in 15 years. Traders fear the uncertainty could continue for another week until Federal Reserve chair Jerome Powell addresses the Jackson Hole symposium next Friday. The S&P 500 index and Nasdaq Composite closed around 1% lower last night, a performance that set the FTSE 100 index towards a nine-month low. Big fallers in London include the mining stocks Antofagasta and Anglo American, down by 3% as traders revised expectations for China demand. Other big fallers included the luxury goods group Burberry, which has lost more than 4% of its value in the past week and today dropped another 48p to 2137p. BAE Systems put back 7p to 962.8p after falling 4% yesterday on jitters over the £4.4 billion deal for Colorado-based Ball Aerospace, a move that will boost the UK company’s capabilities in spacecraft and missile development. The bleak mood was mirrored in the UK-focused FTSE 250 index, which fell 1% or 188.87 points to 18,167.20. Stocks down by more than 2% included the US-focused retailer WH Smith, National Express owner Mobico and the property firm British Land. Friday 18 August 2023 09:56,Daniel O'Boyle A Qatari sheikh, whose son is fronting a bid for Manchester United Football Club, is mulling the sale of two luxury houses in London’s most exclusive districts with a combined asking price of £370 million. Sheikh Hamad bin Jassim bin Jaber Al Thani is potenti... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Digital assets tentatively sold off this week in response to the Federal Reserve indicating another rate hike may come this year, despite deciding to keep interest rates steady on Wednesday. Projections released by the central bank show median rates of 5.6% before year\x92s end, up from the current range of 5.25% to 5.5%. The suggested hike garnered support from 12 Federal Reserve officials and opposition from 9. Fed Projections (September vs June) \x93We want to see convincing evidence really that we have reached the appropriate level, and we\x92re seeing progress, and we welcome that,\x94 Fed chair Jerome Powell told reporters at a press conference following the decision. \x93But, you know, we need to see more progress before we\x92ll be willing to reach that conclusion.\x94 According to CoinMarketCap, $30B was wiped from the combined capitalization of crypto assets, which now sits at $1.05T following the 3% retracement. BTC has since dropped 2.5%, and ETH is down 3% after both assets regained 1% in the past 24 hours. Quarterly Options Set To Expire September\x92s close will also coincide with the expiry of $3B worth of quarterly BTC options and $1.8B in contracts tracking Ether. Luuk Strijers, the chief commercial officer at crypto options exchange Deribit, told The Defiant that quarterly contracts are typically \x93the most significant in terms of volume and value,\x94 estimating institutions represent 85% of activity. However, Strijers said he does not expect to see \x93strong market moves in the coming week\x94 based on the current positioning of market participants. On-chain Activity Drops September has been the weakest month for Ethereum\x92s on-chain activity this year. According to Ultra Sound Money, more than 13,000 ETH ($21M) was added to Ether\x92s supply since the month began \x97 meaning Ethereum\x92s burn mechanism failed to offset new ETH entering supply as rewards for validators amid the slump in activity. ETH Supply Change The low activity has been attributed to the prolonged downturn in the NFT market and the buzz surrounding memecoins dying down. Story continues However, the retracement in on-chain also coincides with Layer 2 transaction throughput setting new highs multiple times in recent weeks. Ethereum\x92s L2 ecosystem processed an average of 64.2 transactions per second (TPS) on Sept. 14, compared to 12.4 TPS on the Ethereum mainnet. L2 Activity Chart Read the original post on The Defiant', 'Digital assets tentatively sold off this week in response to the Federal Reserve indicating another rate hike may come this year, despite deciding to keep interest rates steady on Wednesday.\nProjectionsreleased by the central bank show median rates of 5.6% before year’s end, up from the current range of 5.25% to 5.5%. The suggested hike garnered support from 12 Federal Reserve officials and opposition from 9.\n“We want to see convincing evidence really that we have reached the appropriate level, and we’re seeing progress, and we welcome that,” Fed chair Jerome Powelltoldreporters at a press conference following the decision. “But, you know, we need to see more progress before we’ll be willing to reach that conclusion.”\nAccording to CoinMarketCap,$30Bwas wiped from the combined capitalization of crypto assets, which now sits at $1.05T following the 3% retracement. BTC has since dropped 2.5%, and ETH is down 3% after both assets regained 1% in the past 24 hours.\nSeptember’s close will also coincide with the expiry of $3B worth of quarterly BTC options and $1.8B in contracts tracking Ether.\nLuuk Strijers, the chief commercial officer at crypto options exchange Deribit, told The Defiant that quarterly contracts are typically “the most significant in terms of volume and value,” estimating institutions represent 85% of activity.\nHowever, Strijers said he does not expect to see “strong market moves in the coming week” based on the current positioning of market participants.\nSeptember has been the weakest month for Ethereum’s on-chain activity this year.According to Ultra Sound Money, more than 13,000 ETH ($21M) was added to Ether’s supply since the month began — meaning Ethereum’s burn mechanism failed to offset new ETH entering supply as rewards for validators amid the slump in activity.\nThe low activity has been attributed to the prolonged downturn in the NFT market and the buzz surrounding memecoins dying down.\nHowever, the retracement in on-chain also coincides with Layer 2 transaction throughput settingnew highsmultiple times in recent weeks. Ethereum’s L2 ecosystem processed an average of 64.2 transactions per second (TPS) on Sept. 14, compared to 12.4 TPS on the Ethereum mainnet.\nRead the original post on The Defiant', "In this article, we will be taking a look at the 20 most searched cryptocurrencies in 2023. If you want to skip our detailed analysis of the cryptocurrency market, you can go directly to see 5 Most Searched Cryptocurrencies in 2023 . The Cryptocurrency Market Boom Cryptocurrency is a founding stone that brought the evolution of blockchain technology and then led to the emergence of Non-Fungible Tokens (NFTs), Web3, and the metaverse. A big milestone for the cryptocurrency market was achieved when Bitcoin (BTC) touched the $1,000 mark on November 27, 2013. Earlier in 2013, Bitcoin (BTC) was added as a word to the Oxford English Dictionary, which defined Bitcoin as “a digital currency in which transactions can be performed without the need for a central bank.” Bitcoin (BTC) started to get wider recognition worldwide when the price of BTC almost touched $20,000 in December 2017. The 2017 cryptocurrency market boom changed everything in the world of digital currency. The crypto bull market started in May 2017, when Bitcoin’s price soared over $2,000 for the first time and crossed $3,000 just a few weeks later. At that time, the market forces also showed subsequent turbulence, including BTC’s price dropping by $300 within one hour of the trading session on June 12, 2017. However, the market forces kept the Bitcoin price on the rise. Perhaps one of the major developments was the Wall Street analysts entering the BTC price analysis game. Goldman Sachs analyst Sheba Jafari predicted Bitcoin to cross $3,600 which further led to forecasts from other notable analysts. Bitcoin reached the $20,000 price mark on December 17, 2017, making history in the cryptocurrency market. A few days later, a drop of 30% wiped off billions of dollars from the total cryptocurrency market capitalization, making it one of the biggest market corrections in history. Since then, cryptocurrency has been a highly volatile market with massive pumps and dumps, subsequently. Story continues Crypto Market Outlook If we look at the one-year movement of Bitcoin (BTC), the crypto deity is following an upward trend. The crypto market follows the trend of Bitcoin as it still leads the market sentiment. On August 25, Bloomberg reported that JPMorgan Chase & Co. (NYSE:JPM) analyst Nikolaos Panigirtzoglou mentioned that there is some positive sentiment building around the crypto market based on open interest in CME Bitcoin futures contracts. Based on that, Panigirtzoglou believes that there is a limited downside for crypto markets over the near term. Bitcoin (BTC) continues to trade at about 60% above since the start of 2023, surpassing other well-performing assets like technology stocks . Bitcoin (BTC) is trading at around the $26,700 price mark, as of 6:23 a.m. Eastern Time on September 21. At the same time, BTC is almost up by 40% over the last 12 months. Ethereum (ETH), the second largest crypto asset, is trading at $1,608, up by 20% over the last 12 months. The total cryptocurrency market capitalization on coinmarketcap.com stands at $1.06 trillion, with Bitcoin’s dominance of 49.2% and Ethereum’s dominance of 18.3%, at the time of writing on September 21. The cryptocurrency market has continuously grown despite the regulatory and market upheavals. Crypto is getting more adoption with its existence in the NFTs, Web3, and the metaverse. According to a study from IMARC Group , the global cryptocurrency market size touched $2 trillion in 2022 and it is expected to reach $4 trillion by 2028, growing at a compound annual growth rate of 11.7% between 2023 and 2028. Cryptocurrency for Businesses Today, cryptocurrencies are widely used for business and merchant payments. According to Deloitte , 2,353 U.S. businesses accept Bitcoin, as per an estimate in late 2022. That excludes the use of Bitcoin ATMs. Global companies are also accepting the use of Bitcoin and other top currencies for investment, operational, and transactional purposes. Some of the leading companies that accept Bitcoin (BTC) and other crypto assets include PayPal Holdings, Inc. (NASDAQ:PYPL), Visa Inc. (NYSE:V), Mastercard Incorporated (NYSE:MA), and Tesla, Inc. (NASDAQ:TSLA) - to name a few. For instance, Elon Musk has an immense involvement in the crypto market. Musk has been a great admirer of cryptocurrencies and his companies hold a large portion of Bitcoins. As of the second quarter of 2023, Tesla, Inc. (NASDAQ:TSLA) held digital assets worth $184 billion, which has remained the same for the past three quarters. Apart from that, the world’s largest asset management firm BlackRock, Inc. (NYSE:BLK) has filed for a Bitcoin spot exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The SEC has delayed the ruling until the start of 2024. If BlackRock, Inc. (NYSE:BLK) gets the regulatory approval for a Bitcoin spot exchange-traded fund (ETF), it will become the first company to hold the first crypto spot ETF in the U.S. The crypto industry has created new spaces for companies to enter the market such as crypto exchanges, exchange-traded funds (ETFs), crypto mining, crypto wallets, crypto lending, smart contract platforms, and crypto ATMs, among others. Cryptocurrency exchanges have played a great role in taking digital assets Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $518,665,844,662 - Hash Rate: 414558853.7494199 - Transaction Count: 441181.0 - Unique Addresses: 685778.0 Social & AI Sentiment: - Fear & Greed Index: 0.44 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Luzern, Switzerland --News Direct-- CypherMindHQ PinionNewswire --- CypherMindHQ has launched what some are calling the ultimate automated crypto trading bot. As digital currencies continue to captivate the investment world, the need for sophisticated yet user-friendly tools has never been higher. Enter CypherMindHQ's latest innovation, a bot designed not just for seasoned traders but for anyone looking to enter the crypto space. This cutting-edge tool is being hailed as a must-have for investors, promising to redefine how we approach cryptocurrency trading. Read on to discover what sets this remarkable new technology apart and why it's creating waves in the industry. Artificial Intelligence in Trading Artificial intelligence is a recurring phenomenon, and nowadays, it’s taking the internet by storm by showing off its capabilities. From creating music and artwork to writing school papers and more, internet users are trying it for everything. Another interesting use of an AI chatbot is to find favourable conditions in the crypto trading market. Luckily, traders don’t have to do this on their own and can rely on trading bots like CypherMindHQ instead. For context, I’m referring to the trading bot application that uses artificial intelligence to help crypto traders make informed decisions regarding the market. CypherMindHQ As stated earlier, CypherMindHQ has launched what some are calling the ultimate automated crypto trading bot. So let’s have a look at what this type of trading bot can offer its users. Choose Your Preferred Cryptocurrencies Let’s start off the CypherMindHQ review with its top feature – offering traders a variety of cryptocurrencies to trade. If you’re part of the crypto trader community, you’ll know that the top coins have great potential for growth. From Bitcoin and Ethereum to XRP and Tether, there are different options that you can choose from. The reason for offering various cryptocurrencies is that it encourages traders to build diverse portfolios. Story continues When you choose to trade more than a single cryptocurrency using this crypto auto trading bot, you increase your chances of encountering favourable conditions. Plus, you won’t be channelling your entire investment into a single coin – rather, you can benefit from growth in different markets. Access Professional Trading Features As a trader, you’ll need access to certain features to improve your trading experience. Fortunately, this crypto auto trading bot provides users with an array of trading tools to help them develop effective strategies. One of the most important aspects is that it uses an intelligent AI chatbot to find various patterns in the market. Although preparing a technical analysis is crucial for traders, the bot can do this in less time. With the power of artificial intelligence, it analyses heaps of data in a very short amount of time. Then, it looks at the data to find a pattern – something that indicates how the market will perform in the future. It provides you with these insights, and you can use it to prepare a strategy. Various Payment Methods Available Lastly, this crypto auto trading bot offers its users different options to make an online deposit. The payment methods include VISA, Mastercard, American Express, PayPal, Skrill, and more. With so many options, it’s clear that it aims to give traders a more personalized experience. Let’s not forget that these are all verified payment options, so you can rest assured while making a deposit. In case you’re worried about entering your financial information on the application, don’t be. That’s because it uses an encryption protocol to prevent user data from falling into the wrong hands. And to make sure you can fully enjoy the gains of your strategies, there are no withdrawal fees. Is CypherMindHQ Legit? In addition to being a highly functional application, CypherMindHQ also has certain aspects that allow for a more convenient user experience. This includes the development of a user-friendly interface, which makes it easy for beginners to navigate through the market. It also has an SSL encryption certificate, so traders can rest assured that the application keeps their data protected from risks of theft. Bottom Line To sum up, the different points I mentioned in my CypherMindHQ review, it’s an efficient tool that can give crypto traders an edge in the market. It allows users to build a diverse crypto portfolio comprising various assets so that they can benefit from different market conditions. It offers a multitude of professional trading features, like an analysis tool that uses AI to help you prepare a strategy. Not to mention, there are various payment methods available to choose from, which makes for a more customized experience. Lastly, it implements the latest cybersecurity measures to keep your data protected. Contact Details CypherMindHQ Noah Horton (CEO) [email protected] View source version on newsdirect.com: https://newsdirect.com/news/cyphermindhq-unveils-the-ultimate-automated-crypto-trading-bot-every-investor-must-have-490470855... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Ether (ETH) has reverted to be inflationary amid plunging activity on Ethereum, which could weigh on the token’s price, analysts say.\nNetwork fees, a proxy for usage, plunged more than 9% this week to $22.1 million, lowest in nine months, data by blockchain analytics firm IntoTheBlock shows.\nConsequently, the supply of ETH, Ethereum’s native token, has been increasing as fewer tokens were destroyed – burned – to verify transactions than created,Ultrasound.moneydata shows.\nThe decline in network fees is partly driven by the adoption of layer 2 networks and will likely continue in the near term, Lucas Outumuro, research head at IntoTheBlock, told CoinDesk in a Telegram chat.\n“[This trend] may be putting some pressure on the second largest crypto-asset, as its supply has been growing over the past month, reverting its deflationary trend,” IntoTheBlock wrote in a report.\nEther’sdeflationarynarrative emerged afterlast year’s Merge, amajor upgradefor the network that saw Ethereum transitioning from a proof-of-work consensus mechanism to proof-of-stake, profoundly altering the cryptocurrency’s supply dynamics.\nDuring busy periods, the network burns more tokens than created, curbing its supply, which is usually considered bullish for the price. However, when network demand is low, the dynamic flips.\nIntoTheBlock joined a roster of crypto observers who noted bearish developments for ETH.\nJPMorgan analysts said in a reportearlier this week that Ethereum’s much-anticipated Shanghai upgrade failed to boost network activity, as transaction counts, active addresses and total value locked on the blockchain have all fallen since April.\nCrypto services provider Matrixport reiterated its negative outlook for the crypto asset compared to BTC in a Friday market update, citing “shockingly low revenues” and “lack of buzz” around the next protocol update. The firm forecasted earlier this month that ETH could fall to as low as $1,000 if the trend continues.\nETH has recently changed hands at $1,591 and dropped to a14-month low priceagainst BTC.', 'Bitcoin fell Monday morning in Asia to trade below US$26,300. Ether also dipped and remained below the US$1,600 mark. All other top 10 non-stablecoin cryptocurrencies were down. Toncoin led the losers with a slide of over 4% over the past 24 hours. The retreat in cryptos follows the U.S. Federal Reserve’s hawkish policy stance at its September meeting. Although it paused interest hikes, the Fed signalled another raise to come by the end of the year, with rates to remain higher for longer than anticipated. U.S. stock futures were up during early morning trading in Asia. All three major U.S. indexes closed lower on Friday for a week of losses.\nBitcoin dropped 1.22% in the last 24 hours to US$26,252.57 as of 07:40 a.m. in Hong Kong, according toCoinMarketCapdata. The world’s largest cryptocurrency posted a weekly loss of 0.91%. It was hovering above US$26,500 over the weekend but lost the support line early Monday morning.\n“Overall, the trend is down and stays bearish,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, wrote in a report Monday.\nAs Bitcoin failed to break its 50-day moving average ofUS$26,876, more downward movement is expected.\n“If Bitcoin trades below US$26,000 then the market might attempt another break lower,” Thielen said. He added that “October tends to be seasonal bullish for Bitcoin, but we would stay cautious without a break above its 50d MA.”\nEther dipped 0.86% to US$1,579.12, trading 2.52% lower for the week. The world’s second largest cryptocurrency fell below the US$1,600 support level for the first time since Thursday.\n“We mostly worry about Ethereum as weak fundamentals plus a lack of hype around the EIP-4844 upgrade (which should come sometime in Q4 2023) could make the blockchain slowly obsolete,” said Thielen.\n“Ethereum’s failure to rally above US$1,650 is of the utmost concern as a break lower could have major implications for the altcoin sentiment,” Thielen added.\nEIP-4844, also known as the Ethereum Cancun Upgrade, is a proposed Ethereum upgrade that aims to improve the speed and cost-effectiveness of the Ethereum network.\nThe average fee on the Ethereum blockchain dropped to around US$1.15 per transaction on Saturday, the lowest level since December 2022, according to blockchain intelligence firm Santiment.\n“Historically, we see utility begin rising as $ETH becomes more affordable to circulate. Increased utility can then lead to recovering market cap levels,” wrote Santiment in a Saturday Twitter post.\nAll other top 10 non-stablecoin cryptocurrencies posted losses for the past 24 hours. Toncoin led the losers, falling 4.22% to US$2.20 for a weekly loss of 3.98%. But the native token of the Open Network (TON) still posted a monthly rise of more than 50%\nThe total crypto market capitalization dropped 1.0% in the past 24 hours to US$1.04 trillion, while trading volume edged up 8.42% to US$17.64 billion.\nU.S. stock futures were trading higher as of 09:50 a.m. in Hong Kong. Wall Street closed lower on Friday, with the Dow Jones Industrial Average leading the losers with a 0.31% drop.\nAll three major U.S. indexes closed the week lower. The S&P 500 and the Nasdaq dropped 2.93% and 3.62% respectively, both registering their largest weekly declines since March.\nMost major Asian stock indexes were down Thursday morning. China’s Shanghai Composite, Hong Kong’s Hang Seng, and South Korea’s Kospi all dropped. The Hang Seng led the losses with a 0.99% decline while Japan’s Nikkei was up 0.61%.\nInvestors are digesting the Federal Reserve’s hawkish monetary policy outlook. The U.S. central bank on Wednesday kept its interest rates unchanged between 5.25% and 5.50%, butrevisedits economic projection to indicate one more interest rate hike by the end of 2023. It also projects slower-than-expected rate cuts throughout 2024.\nZachary Hill, head of portfolio management at the U.S.-based investment manager Horizon Investments, toldReuterson Saturday that the past week has seen “some Fed messaging colliding with overly optimistic equity investors.”\nThose investors have “wanted to trade peak interest rates for almost a year now.” But the Fed Chair Jerome Powell’sspeechand the Fed’s projection showed that the central bank “doesn’t think we’re there yet,” said Hill.\nFollowing the Fed’s remarks, U.S. 10-year treasury yields closed at 4.44% on Friday, after brieflyrisingabove 4.5% on Thursday for the first time since 2007.\nExplaining the central bank’s hawkish stance, Fed governor Michelle Bowmansaidon Friday thelatest consumer price index(CPI) indicated a rise in inflation. That coincides with risingoil prices. Bowman said that the continued risk of rising energy prices could “reverse some of the progress” she said has been made on inflation in recent months.\n“I expect it will likely be appropriate for the Committee to raise rates further and hold them at a restrictive level for some time to return inflation to our 2 percent goal in a timely way,” Bowman added.\nThe global oil price benchmark Brent futures traded at around US$92 as of 10:30 a.m. in Hong Kong. That is an increase of over 11% in the past 30 days. Morgan Stanley on Thursday raised its fourth-quarter Brent forecast from US$82.5 per barrel to US$95. But the U.S. investment giant said a price above US$100 would seem “stretched”, according to a note viewed byReuters.\nThe Fed meets on Nov. 1 to make its next decision on interest rates. TheCME FedWatch Toolpredicts a 74.6% chance of no interest rate hike in November, up from 73.8% on Friday. It also gives a 59.3% chance of another pause in December, up from 54.8% on Friday.\nElsewhere, S&P on Monday lowered its projection for China’s 2023 economic growth from 5.2% to 4.8%. Itcitedthe country’s limited fiscal and monetary easing policies as reasons for the decline.\n(Updates with equity section.)', 'Bitcoin fell Monday morning in Asia to trade below US$26,300. Ether also dipped and remained below the US$1,600 mark. All other top 10 non-stablecoin cryptocurrencies were down. Toncoin led the losers with a slide of over 4% over the past 24 hours. The retreat in cryptos follows the U.S. Federal Reserve’s hawkish policy stance at its September meeting. Although it paused interest hikes, the Fed signalled another raise to come by the end of the year, with rates to remain higher for longer than anticipated. U.S. stock futures were up during early morning trading in Asia. All three major U.S. indexes closed lower on Friday for a week of losses. Bitcoin below US$26,300 with more declines expected Bitcoin dropped 1.22% in the last 24 hours to US$26,252.57 as of 07:40 a.m. in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency posted a weekly loss of 0.91%. It was hovering above US$26,500 over the weekend but lost the support line early Monday morning. “Overall, the trend is down and stays bearish,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, wrote in a report Monday. As Bitcoin failed to break its 50-day moving average of US$26,876 , more downward movement is expected. “If Bitcoin trades below US$26,000 then the market might attempt another break lower,” Thielen said. He added that “October tends to be seasonal bullish for Bitcoin, but we would stay cautious without a break above its 50d MA.” Ether dipped 0.86% to US$1,579.12, trading 2.52% lower for the week. The world’s second largest cryptocurrency fell below the US$1,600 support level for the first time since Thursday. “We mostly worry about Ethereum as weak fundamentals plus a lack of hype around the EIP-4844 upgrade (which should come sometime in Q4 2023) could make the blockchain slowly obsolete,” said Thielen. “Ethereum’s failure to rally above US$1,650 is of the utmost concern as a break lower could have major implications for the altcoin sentiment,” Thielen added. EIP-4844 , als Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $511,375,476,269 - Hash Rate: 411719409.5456568 - Transaction Count: 285750.0 - Unique Addresses: 635909.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Brigid Riley TOKYO, Sept 20 (Reuters) - The dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day. The U.S. dollar index, which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed's rate decision. Markets expect the Fed will almost certainly keep rates on hold at 5.25% to 5.50%, putting the focus on the central bank's forward guidance. Futures markets are pricing in a 30% likelihood of a quarter-point increase in November or 40% chance it will be in December, according to CME FedWatch tool. "We expect the FOMC to retain its forecast of one extra 25 hike by year-end, though it will not follow through with it in our view," said Carol Kong, economist and currency strategist at the Commonwealth Bank of Australia. Dollar/yen could see some upside pressure after a hawkish FOMC meeting, she added. The yen last sat nearly 0.1% higher at 147.77 versus the greenback, off Tuesday's low of 147.92 though hovering near the 10-month trough against the dollar ahead of the FOMC announcement. Speculation increased about a possible sooner-than-expected exit from the Bank of Japan's ultra-loose policy, but the central bank will most likely keep interest rates ultra-low on Friday and reassure markets that monetary stimulus will stay for the time being amid economic uncertainty. Japan's top financial diplomat, Masato Kanda, reiterated warnings on Wednesday, saying Japanese authorities are always in close communication on currencies with U.S. and overseas policymakers while keeping a close watch on market moves with a "high sense of urgency". Meanwhile, the Australian dollar, a proxy for China growth, rose almost 0.1%, holding onto gains after minutes of the Reserve Bank of Australia's latest policy meeting signalled more interest rate increases to come. The New Zealand dollar ticked up over 0.2% against the dollar near $0.5950. The euro and sterling stood mostly unchanged in the Asian morning, at $1.0680 and $1.2391 respectively. Market eyes will be on UK CPI released on Wednesday, the last bit of inflation data to squeeze in before the Bank of England makes their rate decision on Thursday. In cryptocurrencies, bitcoin BTC=BTSP hovered around $27,210, after touching a three-week high on Tuesday. (Reporting by Brigid Riley. Editing by Gerry Doyle)... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin traded flat below US$26,300 Tuesday morning in Asia. Ether also edged up but remained below the US$1,600 mark. Most other top 10 non-stablecoin cryptocurrencies, while recording marginal gains in the past 24 hours, logged losses for the week. Cardano’s ADA led the winners. Cryptos, along with global equities, face pressure from interest rate hike concerns and rising treasury yields. U.S. stock futures were flat during early morning trading in Asia after Wall Street closed higher on Monday. That rise broke a four-day losing streak triggered by hawkishness from the U.S. Federal Reserve.\nBitcoin was little changed as of 07:40 a.m. in Hong Kong, trading at US$26,276.60 for a weekly loss of 1.78%, according toCoinMarketCapdata. The world’s largest cryptocurrency dropped to US$26,011.47 on Monday evening, the lowest price since Sept. 13.\nEther also remained flat. It edged up 0.35% to US$1,586.87 but is down 3.06% for the past seven days. The token touched a high of US$1,595.84 on early Tuesday morning, but failed to move above the US$1,600 resistance level.\n“Cryptocurrency market sentiment remains weak, amid declines in global stock markets, a strong dollar and rising yields putting pressure on risk assets,” Hani Abuagla, senior market analyst at online trading broker XTB MENA, said in an emailed comment.\n“The economic policies enacted by central banks, particularly the Federal Reserve, have redirected capital towards less risky investments such as government bonds,” said Matteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, in an emailed note.\n“These bonds currently offer an attractive risk/reward ratio, offering a passive income while mitigating portfolio risk,” Greco added.\nCiting data from blockchain tracker Glassnode, XTB MENA’s Abuagla noted that over 97.5% of addresses owned by short-term Bitcoin holders are posting losses — an 11 month high. Short-term holders (STH) are those traders that have bought Bitcoin over the last 155 days.\n“This may mean that the pressure to sell BTC at a loss in the STH pool may be growing, as evidenced by the previous pattern of on-chain behavior (when the price fell below the average STH purchase price of BTC),” said Abuagla.\nMeanwhile, Abuagla said that a drop in Bitcoin prices could be a “contrary signal” indicating an oversold market. That may present a potential accumulation opportunity for long-term investors, he added.\nMicroStrategy, the U.S.-based analytics firm founded by Michael Saylor,revealedon Monday it purchased nearly US$150 million worth of Bitcoin from Aug.1 to Sept. 24 at an average price of about US$27,053 per coin.\nAs of Sept. 24, MicroStrategy held around 158,245 bitcoins, which were acquired at an aggregate purchase price of roughly US$4.68 billion.\n“While this is bullish and shows continued faith and strong buying pressure, crypto markets didn’t really react. Ironically, MicroStrategy’s buying announcements have historically been followed by mild pull-backs instead of rises, and the crypto space might be cautious about buying,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\n“The whole thing happens in an environment where investors are still digesting the Fed’s speech hinting at higher rates for longer, and therefore presumed lower valuations for most risk assets,” added d’Anethan.\nMost other top 10 non-stablecoin cryptocurrencies posted gains for the past 24 hours. Cardano’s ADA led the winners. The token rose 1.10% to US$0.2453 but lost 2.49% for the week.\nToncoin was the only top-10 non-stablecoin token to record a 24-hour loss. It dropped 1.83% to US$2.16 for a weekly loss of 10.28%.\nThe total crypto market capitalization edged up 0.28% in the past 24 hours to US$1.05 trillion, while trading volume rose 40.50% to US$24.94 billion.\nU.S. stock futures were trading lower as of 09:50 a.m. in Hong Kong. The Nasdaq led the losses with a 0.40% drop. Wall Street closed higher Monday following a sharp decline Friday.\nMost major Asian stock indexes were down Tuesday morning. Hong Kong’s Hang Seng, South Korea’s Kospi and Japan’s Nikkei 225 all dipped. The Kospi led the declines with a 1.14% drop. China’s Shanghai Composite edged up 0.14%.\nBoth the S&P and Nasdaq indexes last Friday logged their biggest weekly losses since March. That followed U.S. Federal Reserve comments last week indicating it will keep interest rates higher for longer.\nChuck Carlson, chief executive officer at the U.S.-based investment advisor Horizon Investment Services, toldReutersTuesday that he sees a “tug of war” dynamic playing among investors. There are now two groups, he said. Those concerned by Fed hawkishness and “bulls wondering maybe we have seen the correction and we can start to build from these levels higher.”\nKey economic data releases this week include the U.S. second-quarter gross domestic output (GDP) and personal consumption expenditure price index (PCE). Both are expected Thursday. Analysts project an acceleration in U.S. GDP growth and a slowdown in core PCE, according toInvesting.com.\nThe benchmark U.S. 10-year treasury yield rose on Monday to close at 4.542%. That was thehighest closing pricesince October 2007.\nThe Fed meets on Nov. 1 to make its next decision on interest rates. TheCME FedWatch Toolpredicts a 81.5% chance of no interest rate hike in November, up from 74.6% on Monday. It also gives a 60.9% chance of another pause in December, up from 59.3% on Monday.\nMeanwhile, the crisis at China’s real estate giant Evergrande Group worsened Monday. The firm’s mainland China unit, Hengda Real Estate Group Co.,defaultedon principal and interest payments totaling about US$547 million due Sept. 25. The firm’s shares dropped 21.8% on Monday to their lowest closing level since Sept. 5.\nEvergrandefiledfor U.S. bankruptcy protection in August 2023 after itsdefaulton a dollar bond in December 2021 triggered widespread turmoil in the Chinese real estate industry.\n(Updates with equity section.)', 'Bitcoin traded flat below US$26,300 Tuesday morning in Asia. Ether also edged up but remained below the US$1,600 mark. Most other top 10 non-stablecoin cryptocurrencies, while recording marginal gains in the past 24 hours, logged losses for the week. Cardano’s ADA led the winners. Cryptos, along with global equities, face pressure from interest rate hike concerns and rising treasury yields. U.S. stock futures were flat during early morning trading in Asia after Wall Street closed higher on Monday. That rise broke a four-day losing streak triggered by hawkishness from the U.S. Federal Reserve. Losses for short-term Bitcoin holders Bitcoin was little changed as of 07:40 a.m. in Hong Kong, trading at US$26,276.60 for a weekly loss of 1.78%, according to CoinMarketCap data. The world’s largest cryptocurrency dropped to US$26,011.47 on Monday evening, the lowest price since Sept. 13. Ether also remained flat. It edged up 0.35% to US$1,586.87 but is down 3.06% for the past seven days. The token touched a high of US$1,595.84 on early Tuesday morning, but failed to move above the US$1,600 resistance level. “Cryptocurrency market sentiment remains weak, amid declines in global stock markets, a strong dollar and rising yields putting pressure on risk assets,” Hani Abuagla, senior market analyst at online trading broker XTB MENA, said in an emailed comment. “The economic policies enacted by central banks, particularly the Federal Reserve, have redirected capital towards less risky investments such as government bonds,” said Matteo Greco, research analyst at Canada-based digital asset investment firm Fineqia International, in an emailed note. “These bonds currently offer an attractive risk/reward ratio, offering a passive income while mitigating portfolio risk,” Greco added. Citing data from blockchain tracker Glassnode, XTB MENA’s Abuagla noted that over 97.5% of addresses owned by short-term Bitcoin holders are posting losses — an 11 month high. Short-term holders (STH) are those traders that have bought Bitcoin over the last 155 days. Story continues “This may mean that the pressure to sell BTC at a loss in the STH pool may be growing, as evidenced by the previous pattern of on-chain behavior (when the price fell below the average STH purchase price of BTC),” said Abuagla. Meanwhile, Abuagla said that a drop in Bitcoin prices could be a “contrary signal” indicating an oversold market. That may present a potential accumulation opportunity for long-term investors, he added. MicroStrategy, the U.S.-based analytics firm founded by Michael Saylor, revealed on Monday it purchased nearly US$150 million worth of Bitcoin from Aug.1 to Sept. 24 at an average price of about US$27,053 per coin. As of Sept. 24, MicroStrategy held around 158,245 bitcoins, which were acquired at an aggregate purchase price of roughly US$4.68 billion. “While this is bullish and shows continued faith and strong buying pressure, crypto markets didn’t really react. Ironically, MicroStrategy’s buying announcements have historically been followed by mild pull-backs instead of rises, and the crypto space might be cautious about buying,” said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. “The whole thing happens in an environment where investors are still digesting the Fed’s speech hinting at higher rates for longer, and therefore presumed lower valuations for most risk assets,” added d’Anethan. Most other top 10 non-stablecoin cryptocurrencies posted gains for the past 24 hours. Cardano’s ADA led the winners. The token rose 1.10% to US$0.2453 but lost 2.49% for the week. Toncoin was the only top-10 non-stablecoin token to record a 24-hour loss. It dropped 1.83% to US$2.16 for a weekly loss of 10.28%. The total crypto market capitalization edged up 0.28% in the past 24 hours to US$1.05 trillion, while trading volume rose 40.50% to US Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $510,460,144,838 - Hash Rate: 386164411.7117884 - Transaction Count: 309789.0 - Unique Addresses: 624716.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: In this article, we will be taking a look at the 25 countries that mine the most Bitcoin. To skip our detailed analysis, you can go directly to see the 5 countries that mine the most Bitcoin . Bitcoin, and bitcoin mining in particular, has been one of the most controversial discussions in the past decade, with arguments ranging from it being the savior of private finance to it being considered one of the biggest scams in history. Regardless of what one may think, and despite volatile fluctuations, Bitcoin started to become mainstream in 2017, 8 years after its creation, when the first Bitcoin bubble resulted in explosive popularity, which in turned led to many people losing their life savings after the crash happened. Amid the Covid-19 pandemic, Bitcoin then reached its best ever run in 2021, with an all-time high of around $68,000 in November 2021, only to crash spectacularly over the next year as well. However, by that point in time, the demand for cryptocurrency, not just limited to Bitcoin, had increased massively, with other cryptocurrencies growing even more and major cryptocurrency exchanges such as Coinbase Global, Inc. (NASDAQ: COIN ) going public in 2021, and is among the best cryptocurrency exchanges and apps in May 2023 . 25 countries that mine the most Bitcoin Companies driving Bitcoin mining For Bitcoin to be created, it has to be mined, a process which has a significant environmental footprint and has been called out for being damaging to the environment. As cryptocurrencies were seeing their values soar, more and more people started to mine Bitcoin due to higher potential margins, especially in the countries that mine the most Bitcoin, and an important component of possessing the firepower needed to be able to mine Bitcoin are graphics cards, which is where NVIDIA Corporation (NASDAQ:NVDA) came in. One of the only companies in the world with a market cap of $1 trillion, it's known more for being a top AI company right now, but is also famous among gamers and cryptocurrency miners for its GPUs. With enthusiasm for cryptocurrency declining as the value of top such currencies fell amid scandals including the collapse of FTX (even though it isn't among the biggest bankruptcies in American history ) and the collapse of Celsius, there has been some impact on NVIDIA Corporation (NASDAQ:NVDA). However, the cryptocurrency, while still far away from all-time highs, has had a new lease on life in 2023, with Bitcoin's value increasing and more people in the countries that mine the most Bitcoin once again increasing their mining operations, and while AI has been the biggest driver of NVIDIA Corporation's (NASDAQ:NVDA) more than 200% YTD share price gain, cryptocurrency has played a part. At its peak, the use of GPUs were so in demand, even the SEC took notice with the regulator stating the company “failed to disclose that crypto mining was a significant element of its material revenue growth from the sale of its GPUs designed and marketed for gaming”, and resulted in a $5.5 million fine. Story continues One challenge that companies which produce equipment used in cryptocurrency mining is Ethereum's shift form proof of work to proof of stake will significantly reduce mining requirements and hence, a huge part of demand for cryptocurrency will end as the second largest cryptocurrency will no longer require it. Cryptocurrency industry outlook While the top cryptocurrencies have performed brilliantly in the first half of 2023, it is important to remember that Bitcoin and Ethereum, the two biggest cryptocurrencies in the world, are nowhere near their all-time highs, and so far, have been a bit dismal in the second half of 2023 despite a court ruling against the SEC and in favor of the company which made XRP. Recently, another major cryptocurrency called Worldcoin was launched by the CEO of OpenAI, the company responsible for ChatGPT and the project focuses on identifying whether a person online is real or AI, something which is becoming an increasing concern in today's world. Meanwhile, though cryptocurrency is currently mainly focused on trading even while providing various applications, it is expected to move more towards nontrading uses as echoed by Coinbase Global, Inc. (NASDAQ:COIN) in its Q2 2023 earnings call "The first 10 years in crypto were primarily about trading, but we've seen our customer base shift its activity over time where the majority of our active customers now do something with crypto other than trading. My belief is that the next 10 years in crypto will become predominantly about nontrading use cases. So, what could some of those be? Well, payments is a big one. As the scalability of blockchain improves by moving to Layer 2 solutions like Lightning, Optimism, and Base, we'll see payments emerge as a larger use case. Getting more scalable blockchains will be as important as the internet moving from dial-up to broadband. We'll also see the rise of decentralized identity systems with decentralized messaging and social apps that will accompany those connected right into those decentralized identities." Coinbase Global, Inc. (NASDAQ:COIN) has had an excellent performance in the first two quarters, which has led to its share price increasing by 120% YTD. Methodology To determine the countries that mine the most Bitcoin, we referred a study carried out by Cambridge University which shows the percentage share of each country by month. We have considered statistics for both January 2022 and December 2021, and used the average of these rankings to determine our list. 25. Italy Monthly hashrate share in Jan 22: 0.11% Italy has one of the highest prices for Bitcoin mining, which is why miners are considering other countries, and if this continues, Italy will soon drop off our list. 24. Mexico Monthly hashrate share in Jan 22: 0.11% Mexico's importance in cryptocurrency mining can be seen by the fact that the World Digital Mining Summit 2022 was held in Cancun where the focus was on proof-of-work power, not to mention exploring additional industry trends. 23. Iran Monthly hashrate share in Jan 22: 0.12% Iran has used Bitcoin mining as a method to evade sanctions, as earnings from cryptocurrencies allow it to spend hundreds of millions of dollars while avoiding embargoes posted by Western nations. 22. Libya Monthly hashrate share in Jan 22: 0.14% Despite being an attractive destination for Bitcoin miners, Libya's government has also started imposing crackdowns in the country, with a recent one resulting in dozens of arrests. 21. Paraguay Monthly hashrate share in Jan 22: 0.15% One of the biggest Bitcoin mining countries in South America, Paraguay recently saw Bitfarms, a Bitcoin mining company, expand operations further after it managed to secure two hydropower contracts. 20. Ukraine Monthly hashrate share in Jan 22: 0.15% While Ukraine has benefited massively from cryptocurrency donations in the Russia-Ukraine war, but is likely to drop out of this list as Bitcoin mining operations have been hugely impacted from the war. 19. Netherlands Monthly hashrate share in Jan 22: 0.21% A giant greenhouse in the Netherlands is actually using heat from Bitcoin mining to grow cash crops including tulips, with both ironically being associated with financial bubble at their peak. 18. France Monthly hashrate share in Jan 22: 0.21% One month ago, the first fully-licensed cryptocurrency provider was formed as a subsidiary of Société Générale. 17. Georgia Monthly hashrate share in Jan 22: 0.23% One of the biggest Bitcoin mining companies in the world CleanSpark, Inc. (NASDAQ: CLSK ) is purchasing 2 Georgian facilities for a total of $9.3 million, showcasing Georgia's attractiveness to Bitcoin miners. 16. United Kingdom Monthly hashrate share in Jan 22: 0.23% The Department for Environment, Food and Rural Affairs recently gave out a contract to a company which will explore opportunities to carry out Bitcoin mining operations at UK landfill sites. 15. Japan Monthly hashrate share in Jan 22: 0.23% The biggest utility company in Japan, TEPCO, has agreed to mine Bitcoin from the excess energy it generates, partnering with a local semiconductor company in this project. 14. Brazil Monthly hashrate share in Jan 22: 0.33% Brazil is a major advocate of cryptocurrency, and in June 2023, the country's central bank provided a payment provider license to Mercado Bitcoin, a cryptocurrency exchange in the country. 13. Indonesia Monthly hashrate share in Jan 22: 0.35% While many countries in our list are clamping down on Bitcoin mining, Indonesia is exploring ways in which Bitcoin adoption will provide benefits to the country, and hence, could likely see Indonesia's rank improve in the coming years. 12. Australia Monthly hashrate share in Jan 22: 0.36% An Australian company Arkon Energy raised $22 million in November 2022 to further expand Bitcoin mining operations based on renewable energy, as Bitcoin miners try to shed their image of greatly damaging the environment. 11. Norway Monthly hashrate share in Jan 22: 0.74% There is abundant hydropower in Norway, which has contributed to many cryptocurrency miners forming their base in the Nordic country. 10. Sweden Monthly hashrate share in Jan 22: 0.84% While Sweden is among the countries with the highest Bitcoin mining rates, a major tax hike in 2023 is likely to further impact an already declining industry in the country. 9. Thailand Monthly hashrate share in Jan 22: 0.96% Bitcoin mining has been hampered by actions against miners by authorities across the world and Thailand is no exception, with thousands of cryptocurrency mining rigs seized in late 2022. 8. Ireland Monthly hashrate share in Jan 22: 1.97% The fall in Bitcoin prices has greatly reduced margins for Bitcoin miners especially in Ireland where the cost of mining Bitcoin is especially high. Globally, Bitcoin mining is said to consume more electricity in a year than the entire country of Ireland. 7. Malaysia Monthly hashrate s... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin dipped on Wednesday morning in Asia to trade range-bound below US$26,300. Ether edged higher but failed to reclaim the US$1,600 mark. Other top 10 non-stablecoin cryptocurrencies traded mixed in the past 24 hours, with Binance’s BNB token leading the winners. The Open Network’s (TON) Toncoin led the losers. U.S. stock futures were up during early morning trading in Asia after Wall Street recorded losses of over 1% on Tuesday. More key inflation data is expected Thursday as investors look out for signs of a U.S. recession and further interest rate hikes. Mega-cap tech giants including Amazon, Apple and Tesla led the Wall Street declines.\nBitcoin edged 0.28% lower to US$26,209.51 in the 24 hours to 07:40 a.m. in Hong Kong for a weekly loss of 3.70%, according toCoinMarketCapdata. The world’s largest cryptocurrency fell to US$26,090.71 on Tuesday evening. But it managed to stay above the US$26,000 support level maintained for the past 14 days.\nWith Bitcoin staying “firm within its September trading range,” blockchain analytics firm K33 Research wrote in an emailed note, “a narrowing trading range accompanied by a slow news cycle has provided traders with few reasons to participate actively in the market.”\nThe options pricing of Bitcoin derivatives on the CME market “shows a more positive longer term than short-term outlook but has become slightly more bearish in tandem with BTC’s price decline over the last week,” the K33 report added.\nEther was also trading flat. It edged up 0.33% to US$1,592.60 over the past 24 hours but lost 3.10% for the week. The token hit US$1,598.10 on Tuesday evening. But it failed to rise above the US$1,600 level it gave up on Sunday.\nWhile Ether is trading near a14-month lowagainst Bitcoin (0.061 BTC per ETH), that trend could be about to change, K33 report.\n“We reiterate our stance that rotating towards ETH is a sound play for the coming months, as futures-based ETFs can turn the trend. The first half of October will be pivotal in that regard, as the final deadlines for the ongoing futures ETH ETFs are coming up in this period,” wrote K33.\nMost other top 10 non-stablecoin cryptocurrencies booked losses for the past 24 hours. The exceptions were Ether, Binance’s BNB and Tron’s TRX. Toncoin continued to lead the losses. It dropped 1.66% in the past 24 hours to US$2.12 for a weekly decline of 17.75%.\nBNB, the native token of cryptocurrency exchange Binance Holdings Ltd, led the winners. The coin gained 1.06% to US$212.17, but it recorded a weekly loss of 2.30%.\nBNB’s daily rise coincided with theannouncementTuesday that Binance, the world’s largest crypto exchange, is collaborating with Japan’s largest banking group Mitsubishi UFJ Trust and Banking Corporation to issue fiat-pegged stablecoins in 2024.\nThe total crypto market capitalization dipped 0.28% in the past 24 hours to US$1.04 trillion, while trading volume dropped 10.02% to US$22.56 billion.\nU.S. stock futures were trading higher as of 09:40 a.m. in Hong Kong. The S&P 500 futures led the gains with a 0.21% increase. Wall Street closed lower Tuesday with all three major indexes booking losses of over 1%. The Nasdaq Composite led the losers with a 1.57% slide.\nMajor Asian stock indexes were mixed on Tuesday morning. China’s Shanghai Composite and Hong Kong’s Hang Seng booked gains, while South Korea’s Kospi and Japan’s Nikkei 225 dipped.\nU.S. economic data released Tuesday raised fears of recession. TheConsumer Confidence Indextracked by the Conference Board dropped to 103.0 in September, lower than the analysts’ expectation of105.5.\nThe data showed that “consumers continued to be preoccupied with rising prices in general, and for groceries and gasoline in particular,” wrote Dana Peterson, chief economist at The Conference Board.\n“Consumers also expressed concerns about the political situation and higher interest rates,” Peterson said.\nThe Expectations Index, based on consumers’ short-term outlook for income, business, and labor market conditions, declined to 73.7 in September from 83.3 in August. A reading below 80 signals a recession within the next year, according to the Conference Board.\n“Consumers may be hearing more bad news about corporate earnings, while job openings are narrowing, and interest rates continue to rise — making big-ticket items more expensive,” wrote Peterson.\nMeanwhile,new single-family home salesin the U.S. fell 8.7% to a seasonally adjusted annual rate of 675,000 in August, lower than the analysts’ projection of 698,000. The tight house supply, elevated prices and historically high mortgage rates contributed to the drop in home sales, according toBloombergon Wednesday.\nThe Federal Reserve in September kept interest rates unchanged between 5.25% and 5.50%, the highest level since early 2001. But the central bank might need to make another 25-basis-point rate hike by the end of 2023, and keep the rates higher for longer, according toremarksfrom Fed Chair Jerome Powell last Wednesday.\nThe Fed meets on Nov. 1 to make its next decision on interest rates. TheCME FedWatch Toolpredicts a 82.5% chance of no interest rate hike in November, up from 81.5% on Tuesday. It also gives a 65.8% chance of another pause in December, up from 60.9% on Tuesday\nOn the corporation front, the U.S. online retail giant Amazon.com, Inc. was among the worst performers on Tuesday. Its share price closed 4.03% lower. The Federal Trade Commission and 17 statessuedAmazon Tuesday, claiming the firm wields illegal monopoly power.\nThe share prices of technology giants Apple, Inc. and Tesla, Inc. also dropped 2.34% and 1.16 respectively on Tuesday.\nInvestors are now waiting for the U.S. second-quarter personal consumption expenditure price index (PCE) on Thursday, which will provide further insights into inflation.\nElsewhere, China’s monthly industrial profits in Augustsurprisingly rose17.2% from a year earlier, reversing a 6.7% annual decline in July. The industrial profit from January to August fell 11.7% from the same period last year. But the drop decelerated compared to a 15.5% slide in the first seven months of the year.\n(Updates with equity section.)', 'Bitcoin dipped on Wednesday morning in Asia to trade range-bound below US$26,300. Ether edged higher but failed to reclaim the US$1,600 mark. Other top 10 non-stablecoin cryptocurrencies traded mixed in the past 24 hours, with Binance’s BNB token leading the winners. The Open Network’s (TON) Toncoin led the losers. U.S. stock futures were up during early morning trading in Asia after Wall Street recorded losses of over 1% on Tuesday. More key inflation data is expected Thursday as investors look out for signs of a U.S. recession and further interest rate hikes. Mega-cap tech giants including Amazon, Apple and Tesla led the Wall Street declines.\nBitcoin edged 0.28% lower to US$26,209.51 in the 24 hours to 07:40 a.m. in Hong Kong for a weekly loss of 3.70%, according toCoinMarketCapdata. The world’s largest cryptocurrency fell to US$26,090.71 on Tuesday evening. But it managed to stay above the US$26,000 support level maintained for the past 14 days.\nWith Bitcoin staying “firm within its September trading range,” blockchain analytics firm K33 Research wrote in an emailed note, “a narrowing trading range accompanied by a slow news cycle has provided traders with few reasons to participate actively in the market.”\nThe options pricing of Bitcoin derivatives on the CME market “shows a more positive longer term than short-term outlook but has become slightly more bearish in tandem with BTC’s price decline over the last week,” the K33 report added.\nEther was also trading flat. It edged up 0.33% to US$1,592.60 over the past 24 hours but lost 3.10% for the week. The token hit US$1,598.10 on Tuesday evening. But it failed to rise above the US$1,600 level it gave up on Sunday.\nWhile Ether is trading near a14-month lowagainst Bitcoin (0.061 BTC per ETH), that trend could be about to change, K33 report.\n“We reiterate our stance that rotating towards ETH is a sound play for the coming months, as futures-based ETFs can turn the trend. The first half of October will be pivotal in that regard, as the final deadlines for the ongoing futures ETH ETFs are coming up in this period,” wrote K33.\nMost other top 10 non-stablecoin cryptocurrencies booked losses for the past 24 hours. The exceptions were Ether, Binance’s BNB and Tron’s TRX. Toncoin continued to lead the losses. It dropped 1.66% in the past 24 hours to US$2.12 for a weekly decline of 17.75%.\nBNB, the native token of cryptocurrency exchange Binance Holdings Ltd, led the winners. The coin gained 1.06% to US$212.17, but it recorded a weekly loss of 2.30%.\nBNB’s daily rise coincided with theannouncementTuesday that Binance, the world’s largest crypto exchange, is collaborating with Japan’s largest banking group Mitsubishi UFJ Trust and Banking Corporation to issue fiat-pegged stablecoins in 2024.\nThe total crypto market capitalization dipped 0.28% in the past 24 hours to US$1.04 trillion, while trading volume dropped 10.02% to US$22.56 billion.\nU.S. stock futures were trading higher as of 09:40 a.m. in Hong Kong. The S&P 500 futures led the gains with a 0.21% increase. Wall Street closed lower Tuesday with all three major indexes booking losses of over 1%. The Nasdaq Composite led the losers with a 1.57% slide.\nMajor Asian stock indexes were mixed on Tuesday morning. China’s Shanghai Composite and Hong Kong’s Hang Seng booked gains, while South Korea’s Kospi and Japan’s Nikkei 225 dipped.\nU.S. economic data released Tuesday raised fears of recession. TheConsumer Confidence Indextracked by the Conference Board dropped to 103.0 in September, lower than the analysts’ expectation of105.5.\nThe data showed that “consumers continued to be preoccupied with rising prices in general, and for groceries and gasoline in particular,” wrote Dana Peterson, chief economist at The Conference Board.\n“Consumers also express Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $521,554,614,062 - Hash Rate: 445792739.99081457 - Transaction Count: 337265.0 - Unique Addresses: 621414.0 Social & AI Sentiment: - Fear & Greed Index: 0.44 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: ASTANA, KAZAKHSTAN / ACCESSWIRE / August 23, 2023 /Collect & Exchange, a multinational organization in financial technologies, announces the official launch of its state-of-the-art digital asset exchange platform. The cutting-edge service permits users to seamlessly trade cryptocurrencies and fiat currencies through more than 1500 trading pairs while embodying a user-centric approach to modern finance. Additionally, businesses can leverage the platform to accept payments in various cryptocurrencies from their customers. An AFSA-licensed digital assets institution, Collect & Exchange aims to set new standards in terms of onboarding and customer experience. Thanks to the implementation of modern KYC and AML procedures, Collect & Exchange offers a rapid onboarding experience, promising businesses and individuals alike a full setup in just a few days. An advanced customizable dashboard further assures an intuitive, user-friendly experience. As Asaf Hanukaev, co-founder of Collect & Exchange, emphasizes, "Our new platform is a paradigm shift, streamlining how individual and corporate clients from various sectors, including Advertising, Forex, IT, e-commerce, gaming, and more engage with digital assets." The platform also boasts versatile funding options, enabling users to deposit, withdraw, and make internal transfers with the utmost ease. From the beginning, Collect & Exchange will support a myriad of digital assets on major blockchain networks such as Bitcoin, Ethereum, Tron, and Binance Smart Chain. Traditional bank transfers, including top fiat currencies like US Dollar, Euro, Swiss Francs, Chinese Yuan, Emirati Dirham, and British Pound are integrated for seamless fiat funding and withdrawal. "Our platform isn't just for the tech-savvy or finance-oriented. We've built Collect & Exchange to be accessible and beneficial for diverse sectors," remarks Yaron Noah, co-founder of Collect & Exchange. Further distinguishing itself in the market, Collect & Exchange provides every client with a dedicated support agent, guaranteeing tailored assistance for any queries or challenges. "In the fast-paced world of digital asset trading, we believe that personal touch makes all the difference. Our dedicated support agents ensure that any arising issues will be dealt with immediately, highlighting our commitment to customer experience and transparency," says George Arakelov, CEO of Collect & Exchange. About Collect & Exchange Collect & Exchange, regulated by Astana Financial Services Authority (AFSA), is a licensed digital assets services provider focused on simplifying fiat and crypto asset payments. With a suite of solutions tailored to both individual and corporate clients, Collect & Exchange strives for higher standards of transparency, speed, and customer satisfaction in the evolving digital trading world. Media Contact Simon MoserPR [email protected]@collectnexchange.com SOURCE:Collect & Exchange View source version on accesswire.com:https://www.accesswire.com/776287/Collect-Exchange-Launches-Innovative-Digital-Asset-Exchange-Platform... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin was trading above US$26,300 Thursday morning in Asia after briefly breaching US$26,800 Wednesday evening. Ether also made up some ground, rising above the US$1,600 resistance level before falling back to just below it. Other top 10 non-stablecoin cryptocurrencies traded mixed, with the Open Network’s (TON) Toncoin leading the winners. U.S. stock futures were up after Wall Street closed mixed on Wednesday. Investors are digesting a 16-year high in U.S. 10-year treasury yields as well as a potential debt-driven government shutdown in October. SEC delays another spot Bitcoin ETF decision Bitcoin gained 0.56% to US$26,354.64 in the 24 hours to 07:40 a.m. in Hong Kong but still held a weekly loss of 2.87%, according to CoinMarketCap data. The world’s largest cryptocurrency on Wednesday night briefly rose above US$26,800 for the first time in the past seven days, but soon retreated to around US$26,300. The U.S. dollar index (DXY), which measures the greenback against a basket of other major fiat currencies, reached a ten-month high of 106.84 on Thursday. A high DXY has been a bearish signal for cryptos and the S&P 500 alike, blockchain intelligence firm Santiment said Thursday on X (previously Twitter). However, Bitcoin has “held up well” despite the rise in the U.S. dollar. That “may indicate a breakout could come once the DXY settles down,” Santiment added. 💸 The #Dollar has crept up to its highest level since last November. Particularly since 2021, this has been a #bearish signal for #crypto and the #SP500 . However, $BTC has held up well, which may indicate a breakout could come once the $DXY settles down. https://t.co/zplpYJjSkf pic.twitter.com/iTyof07MNm — Santiment (@santimentfeed) September 27, 2023 Along with Bitcoin, Ether edged up 0.31% to US$1,597.56 over the past 24 hours but is trading 1.55% lower for the week. The token also hit a seven-day high of US$1,631.91 on Wednesday evening. Story continues The price moves in the crypto market yesterday were driven by macro markets, said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock. “Overnight Asia time, American investors started the day full of optimism, attempting to reverse this week’s pullback… only to turn risk-off again in the second half of the day and close in the red,” d’Anethan said. “While traditional markets suffered, crypto actually outperformed, rising and then pulling back but only to return to a neutral position. BTC and ETH are essentially flat or timidly up on the session,” d’Anethan added. Other top 10 non-stablecoin cryptocurrencies traded mixed for the past 24 hours. Toncoin, the native token of TON, led the winners with a 2.21% increase to US$2.17, but was still down 9.96% for the week. Polkadot’s DOT token led the losers, edging 0.56% lower to US$3.99 for a 3.63% weekly loss. On the regulatory front, the U.S. Securities and Exchange Commission (SEC) on Tuesday delayed a decision on the spot Bitcoin exchange-traded fund (ETF) application made by Cathie Woods’ Ark Investment Management and Swiss digital asset brokerage 21Shares. The SEC was scheduled to make a decision by November 11 but it has now pushed that date back to January 10. The agency has delayed its decision multiple times on ETF applications from not only Ark and 21Shares, but also BlackRock, WisdomTree and Invesco Galaxy. The delay was made after four Congress members urged the SEC to approve pending spot Bitcoin ETF applications. At a Wednesday Congress hearing , SEC Chair Gary Gensler was questioned by multiple Congress members about his agency’s aggressive stance on crypto assets. But he stuck to the claim that most cryptos other than Bitcoin should be classified as securities and regulated by the SEC. Despite the pressure from Congress, Markus Thielen, head of research and strategy at digital asset service platform Matrixport, wrote in an emailed comment that “Gensler refused to release any details where the SEC stands in the (spot Bitcoin ETF) application process and rather criticised industry practices. This caused Bitcoin prices to retrace their rally attempt (yesterday).” On the subject of Gensler’s speech, Keyrock’s d’Anethan said “it feels like American regulators are pushed more and more to take some action and I choose to see that as bullish: it’s a question of when they’ll give in, not if.” The total crypto market capitalization edged up 0.35% in the past 24 hours to US$1.05 trillion, while trading volume rose 20.25% to US$27.26 billion. Wall Street facing possible government shutdown Image: Getty Images U.S. stock futures were higher as of 09:50 a.m. in Hong Kong. The Nasdaq futures index led the gains with a 0.21% increase. Wall Street closed mixed Wednesday. The Dow Jones Industrial Average logged losses, while the S&P 500 and Nasdaq Composite edged higher. Major Asian stock indexes were mixed on Tuesday morning. China’s Shanghai Composite and South Korea’s Kospi booked gains, while Hong Kong’s Hang Seng and Japan’s Nikkei 225 dipped. The U.S. government could partially shut down as early as Sunday as Congress struggles to pass a funding bill to support the operations through Nov. 17. If Congress fails to pass the bill by the end of September, a lapse in government funding could impact non-essential government functions and payment to government employees. The U.S. government has had three partial shutdowns due to funding lapses in the past decade. “More likely than not, we are going to see a government shutdown,” Emerson Sprick, senior economic analyst at U.S.-based think tank the Bipartisan Policy Center, told CNBC on Wednesday. “The question is for how long … How long it lasts has a real impact on American households, to a greater extent than just if it happens or not.” About 1.3 million active-duty military and 2 million civilian federal employees would go without pay for the duration of any shutdown, Bloomberg reported Wednesday. “The more a shutdown lasts, the more it goes beyond federal employees,” Goldman Sachs analyst Alec Phillips told Bloomberg. “The longer it goes on, the indirect impact becomes larger.” Beyond government shutdown concerns, the U.S. stock market is also feeling the pressure of rising oil prices and U.S. treasury yields. The global oil price benchmark Brent crude finished at US$96.55 on Wednesday, its highest close since November 2022. The U.S. 10-year treasury yields settled at 4.625% , the highest close since October 2007. On the inflation front, Minneapolis Federal Reserve President Neel Kashkari told CNBC on Wednesday he was unsure if the current U.S. interest rate of between 5.25% and 5.50% is “sufficiently restrictive” to bring the annual inflation rate below the Fed’s long-term goal of 2%. Kashkari said further hikes cannot be ruled out “given the dynamics of the reopening of the economy.” The Fed meets on Nov. 1 to make its next decision on interest rates. The CME FedWatch Tool predicts a 77.6% chance of no interest rate hike in November, down from 82.5% on Wednesday. It also gives a 57.8% chance of another pause in December, down from 65.8% on Wednesday. Investors now await the U.S. second-quarter personal consumption expenditure price index (PCE) on Thursday, which will provide further insights into inflation. Several Federal Reserve officials including Fed Chair Jerome Powell will also give speeches on Thursday. (Updates with equity section.)', 'Bitcoin was trading above US$26,300 Thursday morning in Asia after briefly breaching US$26,800 Wednesday evening. Ether also made up some ground, rising above the US$1,600 resistance level before falling back to just below it. Other top 10 non-stablecoin cryptocurrencies traded mixed, with the Open Network’s (TON) Toncoin leading the winners. U.S. stock futures were up after Wall Street closed mixed on Wednesday. Investors are digesting a 16-year high in U.S. 10-year treasury yields as well as a potential debt-driven government shutdown in October.\nBitcoin gained 0.56% to US$26,354.64 in the 24 hours to 07:40 a.m. in Hong Kong but still held a weekly loss of 2.87%, according toCoinMarketCapdata. The world’s largest cryptocurrency on Wednesday night briefly rose above US$26,800 for the first time in the past seven days, but soon retreated to around US$26,300.\nThe U.S. dollar index (DXY), which measures the greenback against a basket of other major fiat currencies, reached a ten-month high of106.84on Thursday.\nA high DXY has been a bearish signal for cryptos and the S&P 500 alike, blockchain intelligence firm SantimentsaidThursday on X (previously Twitter). However, Bitcoin has “held up well” despite the rise in the U.S. dollar. That “may indicate a breakout could come once the DXY settles down,” Santiment added.\nAlong with Bitcoin, Ether edged up 0.31% to US$1,597.56 over the past 24 hours but is trading 1.55% lower for the week. The token also hit a seven-day high of US$1,631.91 on Wednesday evening.\nThe price moves in the crypto market yesterday were driven by macro markets, said Justin d’Anethan, head of Asia-Pacific business development at Belgium-based crypto market maker Keyrock.\n“Overnight Asia time, American investors started the day full of optimism, attempting to reverse this week’s pullback… only to turn risk-off again in the second half of the day and close in the red,” d’Anethan said.\n“While traditional markets suffered, crypto actually outperformed, rising and then pulling back but only to return to a neutral position. BTC and ETH are essentially flat or timidly up on the session,” d’Anethan added.\nOther top 10 non-stablecoin cryptocurrencies traded mixed for the past 24 hours. Toncoin, the native token of TON, led the winners with a 2.21% increase to US$2.17, but was still down 9.96% for the week. Polkadot’s DOT token led the losers, edging 0.56% lower to US$3.99 for a 3.63% weekly loss.\nOn the regulatory front, the U.S. Securities and Exchange Commission (SEC) on Tuesdaydelayeda decision Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $516,778,636,300 - Hash Rate: 414558853.7494199 - Transaction Count: 378975.0 - Unique Addresses: 639899.0 Social & AI Sentiment: - Fear & Greed Index: 0.46 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bankrupt FTX wants to start staking, and to hedge BTC and ETH sales as it liquidates a $3 billion crypto holding. It’s looking to Mike Novogratz’s Galaxy empire to maximize value from the sales. Bankrupt crypto exchange FTX wants to start selling, staking and hedging its sizable crypto holdings – and is seeking to hire Mike Novogratz’s Galaxy as an advisor to help, according to court filings made late Wednesday evening. FTX, which collapsed in November last year, wants to return funds to creditors in fiat currency rather than bitcoin (BTC) or ether (ETH) – but hopes careful trading can avoid denting the value of over $3 billion in crypto holdings. “Hedging bitcoin and ether will allow the Debtors [FTX] to limit potential downside risk prior to the sale of such bitcoin or ether,” the filing by FTX lawyers said. “Staking certain digital assets… will inure to the benefit of the estates — and, ultimately, creditors — by generating low risk returns on their otherwise idle digital assets. FTX is hoping interest on its crypto pile will add to the stock it can distribute to customers who are still waiting for their money back. The company, now run by restructuring expert John J. Ray III, worries that selling all in one go would cause the price to plummet, to the benefit of short sellers and other market participants. It’s turning to market experts to figure out how best to avoid that, for example via weekly sales limits. “Galaxy Asset Management has extensive experience in areas relevant to digital asset management and trading, including with respect to the types of transactions and investment objectives contemplated,” the document said, referring to the Security and Exchange Commission-approved investment advisor that forms part of Mike Novogratz’s crypto conglomerate. Galaxy Digital (GLXY), another part of that empire, has previously declared it had tens of millions tied up in FTX at the time of its bankruptcy, and new filings detail the conflict-of-interest procedures that will ensure the asset managers act in FTX’s best interests. In an April filing , FTX company said it had $3.4 billion worth of major, liquid crypto assets. In July, it said it expected to monetize crypto into cash before returning to customers, though international customers may be able to access a rebooted exchange. Other bankrupt crypto firms such as lender Celsius have opted to make distributions in liquid cryptocurrencies including BTC and ETH. The requests must be approved by a Delaware bankruptcy court, which earlier on Wednesday heard that legal fees were costing the company $1.5 million per day as it seeks to wind up. On Tuesday, FTX founder Sam Bankman-Fried pleaded not guilty to a rejigged series of fraud charges relating to his management of the company.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The past year has seen its fair share of blowups in the crypto industry. Big names headlined by the cryptocurrency exchangeFTXhave gone under, sending out shockwaves through a once US$3 trillion market.\nNow reduced to a third of that size, the market is struggling to make a comeback. Part of that difficulty is a lack of trust in crypto — far from the easiest bell to unring as news of scams, hacks and other assorted scandals have become a mainstay of mainstream and blockchain-focused media.\nMichael Gronager, former COO of cryptocurrency exchange Kraken, co-founded blockchain analytics firm Chainalysis in 2014 in the wake of that year’s hack on Tokyo-based Bitcoin exchangeMt. Gox. The biggest heist in crypto history saw cyber thieves make off with over 850,000 Bitcoin (almost US$23 billion at today’s value).\nA PhD holder in quantum mechanics, Gronager set out to map the crypto industry via the Chainalysis platform to help identify hacks and other forms of illicit activity on the blockchain. Partnering with governments, research institutions and other organizations in over 70 countries, the platform scans billions of data sets for signs of misuse, producing reports on themes such as crypto crime, industry maturity and digital asset adoption.\nThe New York-based company, which was valued atUS$8.6 billionby mid-2022, is backed by some of the biggest names in finance, including investment banks Blackstone and Bank of New York Mellon. Gronager spoke toForkast’s Will Fee atToken 2049in Singapore to discuss use cases for the platform’s data, its aims and the Asia focus of recent findings.\nThe interview has been edited for clarity and length.\nWill Fee:After venture capital firms poured aroundUS$41 billioninto crypto during the bull market of 2021-2022, funding dollars have drained out of the industry in 2023. How does that affect the blockchain analytics sector?\nMichael Gronager:I don’t think that affects analytics. What we do and what we look at are the amounts moving in the crypto space. We don’t just look at crypto from an illicit activity point of view. We also look at it from the perspective that crypto has become the rails and infrastructure for traditional finance. And that means that crypto is not actually crypto anymore.\nCrypto has changed. More than half of all volume in terms of value moved on blockchains today is national currencies moved in the form of stablecoins. That’s a change that happened over the last year. So the majority of all value moved on the blockchain is not moving, it’s not volatile. In fact, it’s stablecoins, it’s national currencies. That just goes to show the solidity and the value of the underlying infrastructure that has been built out over the last ten years.\nFee:At Token 2049, you spoke on a panel of blockchain analysts about the current need for the sector to cover absolutely everything that’s out there, regardless of how much merit a particular project has. The phrase you used was “nothing is everything.” Please expand on that idea.\nGronager:The point is that you really need to look at a lot of projects. There’s constantly a new project in Crypto, there’s a new blockchain emerging, there’s an app chain, there’s a layer-2, there’s a lot of things going on and it happens with such high velocity. Also layer-2s are extremely important because the data on layer-2 will be incredibly hard to obtain a year from now. You need to be present at the time of the transactions and analyze it there and then.\nAt the same time, you don’t know which project is going to win. There’ll be customers or parts of the ecosystem that obsess about a certain blockchain, and you need to be able to serve them with the same quality data as anyone else. That’s why I’m of the opinion that basically everything matters. You need to support it all.\nFee:A Chainalysis report released February found thatsmall but significantcrypto funds are used to fund pro-Russia militia groups fighting in Ukraine, as well as other groups involved in global conflicts. What other key trends in crypto usage have Chainalysis discovered?\nGronager:When Russia invaded Ukraine more than a year ago now, immediately at Chainalysis we were up in arms more or less. Basically we asked ourselves how we could help. What can we actually do to ensure that this is not going to be as bad as it looks like it will be? Which is very bad indeed. We decided to focus our analytics on ways cryptocurrencies are used to fund pro-Russia militias versus how they can be used to further Ukraine’s performance in the war.\nCrypto is really good at directing money at smaller groups around the globe. That goes to help smaller factions in Ukraine. It goes to help families in Ukraine. There’s a lot of things that are really, really positive there. But it is also used by Russian militias and others to enable them to buy petrol for their cars, to enable them to buy explosives, to do other things in Ukraine. It’s important to understand and map out the activities there to figure out where we can intervene and actually prevent it from happening.\nFee:There’s clearly a fair amount of side choosing involved there. February’s report found that Russian fighters in militia groups in Ukraine were using the small crypto funds they receive to buy things like first aid kits or winter boots, as well as pieces of military hardware like drones and night goggles. Those individual soldiers are in a hellish situation themselves. Is Chainalysis’ aim to identify and prevent those kinds of small purchases too?\nGronager:It absolutely is, yes. It is a choice for Chainalysis as a company. We’re based in the U.S. We work a lot with the U.S. government and we’re very aligned with U.S. policies. We work with friends of the U.S. in various ways and one of the friends of the U.S. is Ukraine. So there’s no doubt that we have picked a side here.\nFee:The collapse of U.S.-founded cryptocurrency exchange FTX in November last year has rocked the global crypto market. Why was that failure not prevented and how can the analytics sector stop something similar happening again in future?\nGronager:I don’t think the industry wanted to listen, to be honest. I look back on the sentiment in the world a year ago when the macroeconomic outlook began to worsen. Everyone wanted to believe it was just short-term, that all was not over yet. The same thing happened around FTX. There might have been some signals. But it was really hard to show anyone.\nWe’ve looked in the past at the risk associated with certain tokens and certain assets in the crypto space. Over the years, we’ve then tried to build a product out of that which people want to buy. My honest opinion is that, a little bit more than a year ago, no one cared because they kind of wanted to believe that everything was going great.\nWe’re also in a very awkward position where, if we were to want to call out any of these things, we would get a lot of haters. That’s because we also may get it wrong at some point. But I think the industry is ready for that now. I think the industry wants to have some of that information and we are of course building products in that direction as well to prevent the same thing (a collapse on the scale of FTX) happening again.\nFee:Chainalysis released this year’sGlobal Crypto Adoption Indexduring the first day of the Token 2049 conference. What are the key takeaways?\nGronager:Really, the key highlight is that the Asia-Pacific region makes up a lot of thetop tencountries. India, Pakistan, Thailand, Vietnam, the Philippines are all high on the list in terms of crypto adoption. But what does adoption of crypto actually mean?\nBasically, we looked at how many people hold or use cryptocurrencies in a jurisdiction relative to the population in that country. Of course, India ranks high on the list with a lot of activity because India is a huge country. Vietnam too. But the U.S. is actually high on the list as well, meaning there’s still a lot of crypto activity there.\nAnother key takeaway, which is similar to what we saw in the report a year ago, is that there’s actually not just one use case for crypto. There are many different use cases and different geographies have different use cases. For some countries it’s speculation. Other countries it’s gaming, whereas in some countries it’s more to do with remittances and ensuring you can send funds. Then there are the countries that focus on internal payments because the established financial system there is maybe less good than what you can get in the crypto space.\nFee:Based on the report’s findings, why do you think lower-to-middle income countries are now turning to crypto?\nGronager:Banking can seem very simple for you and I. We have a bank account, we’ve been vetted and so on. But there are a lot of people in India, say, that don’t have identity papers. How can you get a bank account if you don’t have an identity? Of course everyone has an identity. You know that I’m me and you are you. But what an identity really means is that your government has a piece of paper that says you are you.\nBut there are cases where they might not have that. So how do you transfer money? Well, you can use crypto and you can still get money from relatives abroad. You can get money from elsewhere. You can actually have a functioning economy. You can use cash as well. But as the world has moved online, cash is really not practical. If you are part of an online community, you can still have a phone even if you don’t have identity papers. Those are just some of the reasons why you might turn to crypto.', 'The past year has seen its fair share of blowups in the crypto industry. Big names headlined by the cryptocurrency exchange FTX have gone under, sending out shockwaves through a once US$3 trillion market. Now reduced to a third of that size, the market is struggling to make a comeback. Part of that difficulty is a lack of trust in crypto — far from the easiest bell to unring as news of scams, hacks Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $526,470,468,750 - Hash Rate: 417398297.9531831 - Transaction Count: 330269.0 - Unique Addresses: 713902.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin-loving payments firm Block Inc. today reported gross profit of $1.87 billion in its second quarter 2023 results—a 27% year-over-year increase. And $2.4 billion of its total $5.5 billion Q2 net revenue came from Bitcoin, the company said. The company— formerly known as Square —saw a 34% increase in Bitcoin revenue compared to the same period in 2022. Bitcoin revenue refers to the total sale amount of cryptocurrency sold to customers. "We delivered strong growth and profitability at scale during the second quarter of 2023," the company said in a letter to shareholders. Block's Cash App business Bitcoin revenue stood at $1.16 billion, a 39% increase compared to the same period in 2022. If not for a dip in prices, the company said, the revenue could have contributed even more to its bottom line. "The year-over-year increase in Bitcoin revenue and gross profit was driven by an increase in the quantity of Bitcoin sold to customers, partially offset by a decrease in the average market price of Bitcoin compared to the prior-year period," the company said in a letter to shareholders. The company also recorded no impairment losses on its Bitcoin holdings, which now total $245 million, in the three- and six-month periods ending June 30, 2023. Block’s Cash App Bitcoin Revenue Drops 25% Year-Over-Year An impairment charge refers to a loss of value in assets—in this case, the digital assets held by the company. Block is a payments company founded by Twitter co-founder Jack Dorsey. Its popular mobile app, Cash App, is a popular tool for buying and selling Bitcoin. The app last year installed the Bitcoin "second-layer solution" the Lightning Network —allowing users to make small and quick payments with crypto. What is Bitcoin? The move shows just how committed the company is to pushing Bitcoin adoption. In June, Dorsey-backed Bitkey launched the beta for its Bitcoin wallet, which will allow users withdraw BTC from their Coinbase and Cash App wallets using " copy and paste ."... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['While Bitcoin (BTC) remains on track to end its six-year streak of September losses, a modest pullback ahead of what could be an imminent federal government shutdown could put this month’s advance in jeopardy.\nThe largest crypto by market capitalization changed hands at $26,800 during Friday afternoon hours, posting a 3.2% return this month so far. However, BTC has declined 1.6% from the $27,400 it touched for a short time on Thursday.\nExtending this weak price action into the weekend could put BTC’s provisional positive monthly return in jeopardy as the crypto began September at just about $26,000.\nEther (ETH) traded mostly flat at around $1,660, as market participants anticipate futures-based exchange-traded funds (ETF) to go live early next week.\nRipple’sXRP, Solana’sSOLand the Tron network’s native tokenTRONposted 3%-5% gains, outperforming the broader digital asset market. The CoinDesk Market Index (CMI) was down 0.5%.\n“The oppressive macro uncertainty is still a major headwind,” Noelle Acheson, macro analyst and author of Crypto Is Macro Now newsletter, noted Friday. “Bond markets around the world are flashing signs of distress, as yields have reached multi-year records in the US, UK, Germany and Japan to name just a few markets.”\nShe added that the looming U.S. government shutdown adds to the uncertainty and noted that the U.S. consumer spending growth in Q2 was revised lower, an indication that consumers might not be that resilient to tightening financial conditions.\n“As scary as this may sound, during the 21 government shutdowns [in the past] the S&P 500 rose 55% of the time, generating an average return of 0.3%,” advisory firm Asgard Markets wrote in a Friday market report.\nDigital asset investment firm NYDIG said that the government shutdown could delay regulatory decisions, as the U.S. Securities and Exchange Commission (SEC) staff will be radically reduced.\n“A spot bitcoin ETF will have to wait until after SEC employees come back from a potential furlough,” Greg Cipolaro, NYDIG’s head of research, wrote in the report.\nStill, crypto markets held up well recently compared to the sell-off in stocks. Despite the difficult macro picture, Asgard has a more constructive outlook for risk assets in Q4.\n“BTC and ETH are now trying to break upwards outside of their range established in the last month and a half,” Asgard said. “We are looking for a short-term move somewhere between $28,500 and a swipe of $30,000, for as long as BTC does not retrace below 26,000.”\nHistorically, October has usually been a bullish month for bitcoin, Markus Thielen, Matrixport’s Head of Research said in a recent appearance on CoinDesk TV.\nHe pointed out that "over the last 10 years, eight of those times in October, the market was actually up with an average of 22%," adding that as soon as interest rates become dovish bitcoin is “going to break out quite aggressively.”\nThielen also argued that bitcoin miners, particularly Marathon Digital, are entering this next quarter with far more efficient operations.\nAt the same time, the halving is still on everyone’s minds: Marathon Digital, according to Thielen, estimated their mining costs would increase from $24,000 to $29,000 per bitcoin.\n“Nevertheless, we need to really rally above 30,000,” he concluded.', 'While Bitcoin (BTC) remains on track to end its six-year streak of September losses, a modest pullback ahead of what could be an imminent federal government shutdown could put this month’s advance in jeopardy.\nThe largest crypto by market capitalization changed hands at $26,800 during Friday afternoon hours, posting a 3.2% return this month so far. However, BTC has declined 1.6% from the $27,400 it touched for a short time on Thursday.\nExtending this weak price action into the weekend could put BTC’s provisional positive monthly return in jeopardy as the crypto began September at just about $26,000.\nEther (ETH) traded mostly flat at around $1,660, as market participants anticipate futures-based exchange-traded funds (ETF) to go live early next week.\nRipple’sXRP, Solana’sSOLand the Tron network’s native tokenTRONposted 3%-5% gains, outperforming the broader digital asset market. The CoinDesk Market Index (CMI) was down 0.5%.\n“The oppressive macro uncertainty is still a major headwind,” Noelle Acheson, macro analyst and author of Crypto Is Macro Now newsletter, noted Friday. “Bond markets around the world are flashing signs of distress, as yields have reached multi-year records in the US, UK, Germany and Japan to name just a few markets.”\nShe added that the looming U.S. government shutdown adds to the uncertainty and noted that the U.S. consumer spending growth in Q2 was revised lower, an indication that consumers might not be that resilient to tightening financial conditions.\n“As scary as this may sound, during the 21 government shutdowns [in the past] the S&P 500 rose 55% of the time, generating an average return of 0.3%,” advisory firm Asgard Markets wrote in a Friday market report.\nDigital asset investment firm NYDIG said that the government shutdown could delay regulatory decisions, as the U.S. Securities and Exchange Commission (SEC) staff will be radically reduced.\n“A spot bitcoin ETF will have to wait until after SEC employees come back from a potential furlough,” Greg Cipolaro, NYDIG’s head of research, wrote in the report.\nStill, crypto markets held up well recently compared to the sell-off in stocks. Despite the difficult macro picture, Asgard has a more constructive outlook for risk assets in Q4.\n“BTC and ETH are now trying to break upwards outside of their range established in the last month and a half,” Asgard said. “We are looking for a short-term move somewhere between $28,500 and a swipe of $30,000, for as long as BTC does not retrace below 26,000.”\nHistorically, October has usually been a bullish month for bitcoin, Markus Thielen, Matrixport’s Head of Research said in a recent appearance on CoinDesk TV.\nHe pointed out that "over the last 10 years, eight of those times in October, the market was actually up with an average of 22%," adding that as soon as interest rates become dovish bitcoin is “going to break out quite aggressively.”\nThielen also argued that bitcoin miners, particularly Marathon Digital, are entering this next quarter with far more efficient operations.\nAt the same time, the halving is still on everyone’s minds: Marathon Digital, according to Thielen, estimated their mining costs would increase from $24,000 to $29,000 per bitcoin.\n“Nevertheless, we need to really rally above 30,000,” he concluded.', "UPDATE: A Spanish court has ruled that tech titan John McAfee died by suicide, an inquest prompted by his family\x92s questions on his jailhouse death. McAfee died in 2021 in a Spanish jail, and his death has already been ruled a suicide by authorities. But ex-ife Janice asked for a further probe. McAfee himself had previously stated that he was not suicidal and that he would be \x93whacked\x94 if he died. More from Deadline Netflix Greenlights Documentary On Software Pioneer John McAfee, Who Went On The Run After His Neighbor Was Murdered In Belize John McAfee Dies: Eccentric Entrepreneur, Security Software Inventor And Cryptocurrency Pioneer Was 75 Bitcoin Arrives On Wall Street, Bringing Good News For Blockchain Entertainment The ruling today stated, \x93There is not a single element of suspicion, of a charge against a third party, of criminal behavior,\x94 according to Reuters. EARLIER: The family of software pioneer John McAfee has stepped up their demand for answers a year after his mysterious death in a Spanish jail cell . McAfee\x92s corpse still remains unclaimed in a Spanish morgue. He was awaiting extradition to the US on tax evasion charges when he was found dead in a Barcelona cell. He was 75 years old. The software developer of the first commercial anti-virus software, McAfee had a strange last few years, globetrotting and immersed in the cryptocurrency and conspiracy worlds. \x93It\x92s difficult to put into words what life has been like this past year,\x94 McAfee\x92s widow, Janice, tweeted Thursday . McAfee was arrested in Spain and was jailed for eight months prior to his death, which authorities claimed was a suicide. His family disagreed and is pressing for a more detailed investigation. His body is being held while legal deliberations continue. A former third-party candidate for US president in 2016 and 2020, McAfee at one time had a fortune estimated at $100 million. While much of that was lost in the market crash of 2008, he still lived a lavish lifestyle from his base on the Belize island of Ambergris Caye. Story continues There, Belize police declared him a person of interest in the killing of American Gregory Faull, 52, who had complained about McAfee\x92s dogs before being discovered in his home with fatal gunshot wounds. McAfee was never charged in that case, but Belize authorities said they were actively looking for him. He lost a wrongful death suit in Florida brought by Faull\x92s family. They won an award of $25 million, but never collected. Best of Deadline SAG-AFTRA Interim Agreements: Full List Of Movies And TV Series 2023 Premiere Dates For New & Returning Series On Broadcast, Cable & Streaming Film Festival Calendar Listings For 2023 Sign up for Deadline's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram . Click here to read the full article.", "UPDATE: A Spanish court has ruled that tech titan John McAfee died by suicide, an inquest prompted by his family\x92s questions on his jailhouse death. McAfee died in 2021 in a Spanish jail, and his death has already been ruled a suicide by authorities. But ex-ife Janice asked for a further probe. McAfee himself had previously stated that he was not suicidal and that he would be \x93whacked\x94 if he died. More from Deadline Netflix Greenlights Documentary On Software Pioneer John McAfee, Who Went On The Run Af Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-09-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $525,418,742,875 - Hash Rate: 391843300.11931473 - Transaction Count: 275474.0 - Unique Addresses: 625600.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The price of bitcoin ( BTC ) is modestly lower during U.S. trading hours on Friday, but at its current $26,300 is ahead about 2% from week-ago levels. The crypto began the week with sizable losses, dipping below $25,000 for the first time since mid-June over worry bankrupt crypto exchange FTX was soon to begin unloading all of its digital assets, which included more than $500 million worth of bitcoin. While FTX did receive court permission to begin selling, the sales will be at a measured pace and unlikely to cause any quick tumbles in crypto markets. Bitcoin (BTC) price crash averted, but rallies continue to be sold The overarching theme in bitcoin and crypto in general for nearly four months now is the speed with which even modest moves higher get reversed. As the FTX news this week demonstrates, while at the moment there don't appear to be any entities interested in a full-scale dumping of digital assets on the market, there remain numerous sellers looking to take advantage of rallies. In addition to FTX, consider other impaired trading firms, lenders, and exchanges, as well as bitcoin miners – many of whom one year ago were confirmed hodlers, but now must sell at least part of their bitcoin stash each month to help fund their operating expenses. Despite the selling pressure, this week's positive news about asset management giant Franklin Templeton joining the race to list a spot BTC exchange-traded fund (ETF) and global lender Deutsche Bank delving deeper into digital asset custody and tokenization might backstopped prices, rendering Monday's breakdown a false signal, according to crypto service provider Matrixport. "The Franklin Templeton-news was released as prices neared $25,100, coinciding with when the market became aware of BlackRock’s Bitcoin ETF filing in June," Matrixport noted in a market update on Telegram. "Hence, this $25,000 level is of the utmost importance now, and appears to be fortified by news affecting prices." Story continues (Matrixport) Bitcoin reclaiming the previous trading range and consolidating at these levels was a "promising sign," according to Rachel Lin, CEO of derivatives decentralized exchange SynFutures. "BTC is currently in the process of converting the $26,000 level from resistance to support," Lin said in an emailed note. "Until Wednesday, every attempt at breaking above this level resulted in heavy selling. If BTC stays above $26,000 by the end of the week, it could be a positive sign, at least in the short term." Altcoins signal weakness Unfortunately, the broader crypto market is not as strong as BTC. Rachel Lin, CEO of SynFutures While bitcoin consolidated, the rest of the market showed signs of weakness. The CoinDesk Market Index ( CMI ), which tracks the performance of a broad basket of digital assets, only gained 0.8% over the past seven days, the CoinDesk Bitcoin Price Index ( XBX ) outperformed and was up 1.7%. Among CoinDesk's sectorial indices, the Culture and Entertainment sector ( CNE ) performed the worst with 3.2% loss in a week, followed by the DeFi sector ( DCF ) declining 1.6%. "Unfortunately, the broader crypto market is not as strong as BTC," Lin said. "Their fall on Monday was bigger than BTC, and their bounce back was weaker. This led to the previous week's support level of 515-520 billion [market capitalization] turning into resistance." Apecoin ( APE ) was one of the week's biggest loser, dropping near 18% in a week ahead of its major token unlock due this Sunday. The event will release $43 million worth of tokens, giving early investors a chance for selling. "Trading BTC long and strategically selling altcoins, particularly those with event-related risks like ApeCoin, has the potential to generate significant alpha," Matrixport advised.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: No specific news available. Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $528,385,014,000 - Hash Rate: 400361632.7306042 - Transaction Count: 320516.0 - Unique Addresses: 613394.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: US Markets Tyson Foods, Henry Schein And 3 Stocks To Watch Heading Into Monday Investor Sentiment Declines After July's Jobs Report This Giant Fund Cuts Back On Apple And Microsoft Stocks, Picks Up Tesla And Nvidia Crypto Can Bitcoin Touch $100K Before 2024 Halving: Crypto Bro Wagers 1M Satoshis Shiba Inu Burn Rate Spikes Over 130% — Can $10 Worth SHIB Make You A Meme Coin Millionaire Today? Bitcoin, Ethereum, Dogecoin Traded Mixed Amid CRV Hack Drama: Analyst Says King Crypto 'Screaming Up' As Halving Draws Near US Politics DeSantis' Fight With Disney Echoes 'Autocratic' China, Russia Tactics, Say Former Government Officials: 'Corrosive To ... Demcocracy' GOP Presidential Candidate Suggests Ukraine Aid Motivated By Hunter Biden Connection: 'Repayment For A Private Bribe Bill Barr Challenges Trump's First Amendment Defense: 'The Stuff You Were Spouting, You Knew Was Wrong' Trump Says He Will Ask For Recusal Of 2020 Election Subversion Case Judge, Change Of Venue Out Of D.C: 'No Way I Can Get A Fair Trial World Politics Kim Jong Un Amplifies North Korea Weapons Drive For 'War Preparations How US Microchips Continue To Empower Russia's Military Despite Sanctions Russia Says Ukraine War To Continue 'For The Foreseeable Future': 'No Grounds' For Peace Agreement In Ukraine, Russia's Jamming Leaves US Weapons Useless US Economy Fed's Bowman Says Inflation And These 2 Factors Could Guide Future Monetary Policy Action, Even As She Hints At More Future Rate Hikes Tech Amazon's AWS Vs Microsoft Azure Vs Google Cloud: How Tech Titans Fared In June Quarter's Cloud Showdown Apple iPhone 15's 'Bells And Whistles' Enticing But Can It Overcome Soft Patch In US Smartphone Market? Gurman Weighs In Apple Spotted Testing Next-Gen M3-Powered Mac Mini Ahead Of Rumored October Launch 12 Million US Workers May Need To Switch Jobs By 2030 Due To AI: Study Story continues Electric Vehicle Tesla Set To Topple 2 Legacy Auto Giants In Revenue By 2027, Says Analyst: Why Wall Street Estimates For Volume Growth Are 'Way Too Low Elon Musk's Tasty Vision Takes Shape: Tesla's 'Grease Meets The Jetsons' Diner To Open in LA This Year Leaked TikTok Video Reveals More Details Into Elon Musk's Tesla Cybertruck Frunk Elon Musk Reacts To Dogecoin Co-Creator's Sand Bashing Video, Wants Cybertruck To Repeat The Same Feat Consumer Exclusive: DraftKings CEO Says Messi 'A Big Game Changer For MLS,' Women's World Cup Helping Grow Women's Sports Betting Communication Elon Musk Admits Major Flaw In X's Search Function, Says An AI-Powered Fix Is In The Works Zuckerberg Not Keen To Stream Cage Fight On Musk's X: Insists A 'More Reliable' Platform For Charity Event General Elon Musk's SpaceX Starship Test Faces Hurdle: Four Engines Shut Down Prematurely Photo by Gino Crescoli from Pixabay Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better . This article Top Market, Crypto, Tech and Politics Headlines Today While US Was Sleeping originally appeared on Benzinga.com . © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Bitcoin (BTC) rose above the $28,000 mark early Monday to log its highest prices in over a month as analysts pointed to ETF optimism and seasonality as a few reasons behind the gains. Traders at Japanese exchange Bitbank were already eyeing the $28,000 level for bitcoin last week, as CoinDesk reported . The $28,500 acted as a major support level in the previous bull market and could be a key price level to watch for in the coming weeks as it potentially flips into a level of resistance. In the past 24 hours, ether (ETH) bumped over $1,700, bnb (BNB) and cardano (ADA) added 3.3%, while polygon (MATIC) rose 5.5%. Solana’s SOL tokens led major gains at 14.5%, mainly on renewed optimism for the network among some traders. Short liquidations on crypto-tracked futures may have contributed to the rise in bitcoin and ether. Data shows some $94 million in bets against rising prices were impacted on Sunday, creating a “short squeeze” – which occurs when there is a lack of supply and an excess of demand for the stock due to short sellers having to buy stocks to cover their short. Some 30,000 bearish bets were liquidated, the data shows, with most liquidations taking place on the crypto exchange OKX. Liquidation refers to when an exchange forcefully closes a trader\'s leveraged position due to a partial or total loss of the trader\'s initial margin. This happens when a trader is unable to meet the margin requirements for a leveraged position or fails to have sufficient funds to keep the trade open. Elsewhere, some traders pointed to historic seasonality as a driver of Sunday’s gains. “These gains in cryptocurrencies come with the bullish impression that characterizes the month of October in general,” shared Samer Hasn, markets analyst at XS.com . “Bitcoin has not recorded monthly losses in October since 2013 except twice, which prompted this month to be called “Uptober” within the cryptocurrency community,” Hasn added. ETF angle questioned While some are attributing the rise in prices to optimism about crypto-related ETFs – after all a number of futures-based ether ETFs opened for business on Monday morning and Grayscale applied with the SEC to convert its $5 billion Ethereum Trust (ETHE) to a spot ETF – Dexterity Capital Managing Partner Michael Safai isn\'t so sure. "ETF issuers don\'t know the markets like traders do," he told CoinDesk TV . "Their optimism is a bit misplaced; anyone who wants bitcoin or ether surely has it." (Oliver Knight contributed reporting.)', 'The world of cryptocurrency trading is undergoing a profound metamorphosis, fueled by a growing wave of investors seeking alternatives to the well-established centralized exchanges (CEXs) that have long reigned supreme. These CEXs have traditionally acted as intermediaries, facilitating transactions between buyers and sellers of digital currencies like Bitcoin and Ethereum. While CEXs offer certain advantages such as liquidity, convenience and security, they also carry significant downsides, including hefty fees and privacy concerns as well as susceptibility to hacking and fraud.\nCrypto’s shifting landscape has propelled decentralized exchanges (DEXs) into the limelight. DEXs are platforms that empower users to engage in direct peer-to-peer trading of crypto assets, eliminating the need for intermediaries. Harnessing the power of blockchain or distributed ledger technology, DEXs introduce a range of advantages over their centralized counterparts, including:\n1. Lower fees:DEXs typically impose more favorable fee structures than CEXs, which often burden users with high commissions, spreads and withdrawal charges.\n2. Enhanced privacy:Unlike CEXs, which demand personal information and identity verification, DEXs operate with greater privacy, sidestepping anti-money laundering (AML) and know-your-customer (KYC) regulations.\n3. Greater control:DEXs empower users by allowing them to maintain full control over their crypto assets and private keys, unlike CEXs that hold users’ funds in their own wallets or custodial services.\n4. Fostering innovation:DEXs provide access to a broader spectrum of crypto assets and services, including lending, borrowing, staking, yield farming, non-fungible tokens (NFTs) and more.\nNonetheless, decentralized exchanges grapple with their own set of challenges, such as:\n1. Limited liquidity:DEXs often face lower trading volumes and liquidity compared to CEXs, resulting in higher price slippage and longer transaction processing times.\n2. Increased complexity:DEXs may require users to possess a higher degree of technical expertise compared to CEXs, potentially discouraging novice or casual traders.\n3. Security concerns:DEXs are not immune to cyberattacks or technical glitches, posing risks to the platform’s integrity and the functionality of underlying smart contracts.\n4. Regulatory uncertainty:Operating within a legal gray area, DEXs often lack clear definitions or regulations in most jurisdictions, raising questions about their compliance.\nIs it possible to marry the strengths of centralized exchanges and decentralized exchanges? Can we envision a decentralized exchange that adheres to regulatory standards? The answer is affirmative. Enter the regulated decentralized exchange (RDEX). An RDEX allows users to engage in direct crypto asset trading while adhering to relevant laws and regulations in its jurisdiction of operation. It preserves the fundamental tenets of decentralization — transparency, immutability and censorship resistance — while bolstering them with legitimacy, accountability and security.\nSo, how does an RDEX function? It achieves this delicate balance by incorporating a regulatory framework into its protocol design, employingsmart contractsto enforce user and transaction rules and standards. For instance, it may mandate user registration with real identities and source of funds verification before permitting trading. It may also impose limits on trade amounts or frequencies and report transactions to authorities for tax and compliance purposes.\nSome of them will adopt a hybrid approach, blending on-chain and off-chain components. By leveraging off-chain service providers for KYC/AML checks and liquidity pools, they maintain decentralization and security through cryptographic proofs, ensuring the honesty and integrity of these services.\nWhy are RDEXs so vital in the crypto space? It presents a pragmatic solution to one of the crypto industry’s foremost challenges: regulation. As governments and regulators worldwide grow increasingly concerned about the economic and societal implications of crypto activities, regulation becomes inevitable. While constructive regulation can offer clarity, security and recognition, excessive restrictions can stifle innovation and growth.\nRDEXs can serve as a bridge between the crypto industry and regulators. They demonstrate that crypto activities can be conducted in a responsible, compliant and transparent manner, preserving decentralization’s core values. By fostering trust among users, investors and authorities, RDEXs mitigate the risks of fraud, manipulation and abuse.\nMoreover, RDEXs empower the future of decentralized trading by granting access to a broader array of crypto assets and services. These include the trading of security tokens, which represent real-world assets like stocks, bonds, real estate or art. While security tokens promise to revolutionize the financial industry, their strict regulations demand compliant platforms, which RDEXs can provide.\nCentral bank digital currencies(CBDCs) are another facet of the crypto landscape that RDEXs can facilitate. CBDCs, digital versions of fiat currencies issued by central banks, promise faster, cheaper and more secure transactions but pose unique challenges for the crypto industry. It can integrate CBDCs with other crypto assets and services, ensuring privacy, interoperability and competition.\nRDEXs are not just theoretical concepts; they are tangible realities. Projects like eToroX, backed by eToro and licensed by the Gibraltar Financial Services Commission, is an example of the RDEX in action — enabling users to trade crypto assets, including security tokens and stablecoins pegged to fiat currencies while adhering to regulatory frameworks.\nInjective Protocol, supported by Binance, another major player in the crypto space, offers a layer-2 DEX built on Ethereum. It facilitates the trading of crypto assets, including derivatives, futures, options and synthetics, and collaborates with central banks on CBDC integration.\nProjects like Bitverse, supported by Bybit and the Mantle Network, are pioneering a credit rating system. This system allows users to leverage their crypto assets and reputation to access a range of financial services and products in the Web3 space. Regulators could explore such platforms to verify user creditworthiness, both on and off-chain. (I do not have any ties to any of the projects or companies mentioned in this piece.)\nIn summary, RDEXs represent a new breed of decentralized exchanges that adhere to regulation. They bridge the gap between the crypto industry and regulators, providing platforms that cater to both sides’ needs. It unlocks access to a broader spectrum of crypto assets and services, empowering the future of decentralized trading.\nHowever, RDEXs are not the final destination of crypto’s evolution. Numerous challenges and questions remain, including those related to interoperability, scalability, security and the ever-growing complexity of crypto assets and services.\nFurthermore, the crypto industry continues to dream beyond RDEXs.Web 4.0, the hypotheticalnext chapter of the internet, hints at an even more immersive, intuitive and intelligent way of interacting with information and value in the most decentralization manner governed by artificial intelligence may be the way forward. While Web4 remains speculative, it underscores the crypto industry’s relentless pursuit of innovati Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-02 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $552,880,636,875 - Hash Rate: 445792739.99081457 - Transaction Count: 344263.0 - Unique Addresses: 691873.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Global privacy is at stake. Worldcoin’s blockchain technology allows for the tracking and recording of every transaction made using the currency, creating a transparent ledger accessible to authorized parties, which could be exploited for mass surveillance. While transparency can be beneficial in combating fraud and money laundering, it also poses serious threats to personal privacy. Earlier this month,Kenya suspended Worldcoin’s activitiesin the country “until relevant public agencies certify the absence of any risk to the general public whatsoever.” They recently launched a committee tasked with investigating the project. The committee has 42 days toexamineWorldcoin and present its findings to the house. It was only in July that OpenAI CEO Sam Altman unveiled Worldcoin, which requires users to verify their human identity by using a hardware device, known as the “Orb,” that enables iris scanning. The Orbs are accessible in 400 locations around the world. More than2.2 million peoplehave already completed the registration process, according to Worldcoin’s website. Worldcoin claims that World IDs allow individuals to establish their humanity in an age of artificial intelligence. Participants who scan their iris receive 25 WLD tokens, the project’s native cryptocurrency. With every transaction linked to a unique identifier, including a retina scan, individual spending habits could become easily traceable. This level of surveillance opens doors for governments or corporations to monitor and control financial activities on an unprecedented scale. Biometric data tied to financial transactions poses potential risks if it falls into the wrong hands or is used for discriminatory purposes. Centralization in the Worldcoin model also poses a significant threat by undermining personal privacy and placing immense power in the hands of a few entities or governments. If Worldcoin fulfills its aspirations and becomes a global currency, every transaction will likely be easily tracked and monitored by those in control. Via Worldcoin, governments and corporations can gain unprecedented access to individuals’ financial activities and spending habits. Personal privacy would be compromised as individuals lose their ability to conduct transactions anonymously. Worldcoin’s centralization also raises concerns about data security. If a central authority holds all financial information on Worldcoin users, the risk of data breaches and hacks increases significantly. The potential for unauthorized access or misuse of personal data becomes a pressing issue in such an era. Proponents of the Worldcoin model argue that this transparency would help combat illicit activities such as money laundering and terrorist financing. Critics, on the other hand, fear that it creates an unprecedented level of surveillance. Governments and corporations could potentially exploit this vast amount of data to monitor and control individual spending habits, leading to privacy infringements and social control. The potential for data breaches or misuse by malicious actors, moreover, introduces additional risks. As a centralized digital currency, Worldcoin requires users to provide personal information during registration, including their real identities and banking details. This wealth of data becomes vulnerable to exploitation by both malicious actors and governments seeking surveillance opportunities. The vast amount of personal information collected by Worldcoin is creating a treasure trove for data mining activities. Companies and organizations can leverage this data to gain insights into individuals’ spending habits, preferences and even political affiliations. Such comprehensive profiling enables targeted advertising, manipulation of consumer behavior, and potentially discriminatory practices. In addition, the centralized nature of Worldcoin allows governments or authoritarian regimes with access to this information to monitor citizens’ financial activities closely. Worldcoin’s promises and capabilities are the opposite of crypto’s original ethos. When Bitcoin first burst onto the scene in 2009, it promised independence from a financial system that thrived on dependence. Bitcoin allowed us to break away from the chains of centralized finance at a time when government bureaucrats were awarding big banks trillion-dollar bailouts. Worldcoin now wants to re-establish our chains to centralized finance for a paltry sum and the promise of convenience. Worldcoin is crypto in name only. It represents a turning point for the entire crypto industry. Will we continue our path towards independence or will be beguiled and herded into a detour towards more dependence than ever before?... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['FTX cryptocurrency exchange founder Sam Bankman-Fried, seen here in his customary garb of T-shirt and cargo shorts, faces a fraud trial in New York. (Bloomberg / Getty Images) The main hazard in telling a big story through the eyes of its main participant is the need to rely on his version as the honest truth. Journalism schools will be able to use "Going Infinite: The Rise and Fall of a New Tycoon," Michael Lewis\' new book about the collapse of the FTX cryptocurrency exchange and the fall of its boss, Sam Bankman-Fried, as a textbook on the imperative need to approach a subject with a healthy helping of skepticism. To make a long story short, in this book Lewis doesn\'t exercise any. This is ... the greatest financial mania the world has ever seen. Zeke Faux The result is what amounts to a defense brief for Bankman-Fried for his fraud trial in New York federal court, which opens Tuesday — coinciding, as it happens, with the publication date of Lewis\' book. Fortunately, readers interested in the story of the cryptocurrency scam and Bankman-Fried\'s rise and fall can turn to a much more convincing (and more entertaining) book. That\'s " Number Go Up : Inside Crypto\'s Wild Rise and Staggering Fall," by Zeke Faux, a financial investigative reporter for Bloomberg. Faux demonstrates his incisive grasp of the story with the very first words of his prologue: "\'I\'m not going to lie,\' Sam Bankman-Fried told me," he writes. "That was a lie." Lewis, by contrast, opens his book with an anecdote about a long hike he took with Bankman-Fried in the hills above Berkeley in which he listened to his subject spin wild yarns about all the money he was making in crypto, "all of which, I should say here, turned out to be true." Well, no. Not really. The fortune of tens of billions of dollars that Bankman-Fried bragged about to Lewis was built on quicksand — assets in the form of cryptocurrency tokens, the values of which were set by Bankman-Fried himself or by the tokens\' other promoters, based on no rational yardsticks. The venture investors who poured millions into FTX were seduced by Bankman-Fried\'s boyish torrent of gibberish so baroque they thought it must be meaningful on a level beyond anything they learned in business school. The politicians who accepted his millions in donations were seduced by his self-crafted image as an altruist of remarkable and unique benevolence and his (utterly false) claim to run a responsible crypto exchange. Story continues Read more: Column: The government crackdown on crypto is well underway. Get out while you can The sports and entertainment stars — Tom Brady, Larry David, Anna Wintour — who swarmed around this shlub in cargo shorts were seduced by their need to be in on a new thing. This torrent of nonsense didn\'t snow many people who knew anything about finance and weren\'t angling for a piece of his action, such as Bloomberg\'s Matt Levine. But it sure seems to have snowed the hell out of Michael Lewis, who wrote about financial schemes in "Liar\'s Poker," "Flash Boys" and "The Big Short." In this book, he credulously quotes a venture capitalist speculating that Bankman-Fried "had a real shot at being the world\'s first trillionaire." Lewis doesn\'t say who told him so, but the absurd conjecture appeared in a slavish profile written by a freelance author for Sequoia Capital, which invested in FTX; the profile has since been scrubbed from the firm\'s website, presumably out of mortification. When it all came crashing down, the investors lost their money, the politicians had to give some of theirs back, the stars stopped returning his phone calls. Who else suffered? Of the collapse of FTX, the criminal charges against Bankman-Fried and the entire edifice of cryptocurrency, Faux accurately writes: "This is ... the greatest financial mania the world has ever seen." Lewis, asked by a smirking, sycophantic interviewer named Jon Wertheim on "60 Minutes" Sunday if the FTX scam wasn\'t just like Elizabeth Holmes\' hawking a fraudulent blood testing device under the Theranos name, rejected the thought. Holmes was "supplying phony medical information to people that might kill them," he said. "In this case, what you\'re doing is possibly losing some money that belonged to crypto speculators in the Bahamas." Then he caught himself, and added, "On the other hand, this is not to excuse." Notwithstanding Lewis\' churlish dismissal, the truth is that millions of innocent people, many of them small investors gulled by narratives such as Bankman-Fried\'s, have lost their life savings in cryptocurrency scams. Read more: Column: Thinking of putting crypto in your 401(k)? Think twice Reading their pleas to a judge overseeing one such collapse is heartbreaking — lives, marriages, hopes obliterated . ("Now when I go to work, I drink water and eat any scraps I can find for lunch. ... I am in deep depression and do not know if I can pull myself out of this,” wrote one.) In telling this story, Faux has one major advantage over Lewis: Almost from the start, he had crypto\'s number. "From the beginning," he writes, "I thought that crypto was pretty dumb. And it turned out to be even dumber than I imagined." Faux puts meat on those bare bones by escorting his readers to many of the epicenters of the crypto scam — Miami, the Bahamas, the Philippines and more. He conducted interviews with hundreds of promoters, gamblers and victims. Read more: Amid crypto crash, trading can be an addiction: It\'s \'taking over my whole life\' He visits a vast metropolis of half-abandoned high-rises outside Phnom Penh, Cambodia, where human traffickers imprison thousands of people, injecting them with amphetamines or murdering resisters, forcing them to entice credulous victims around the world into fake romantic relationships via video chats, the goal being to steal their money via crypto investments. He stops by a Philippine town where virtually the entire populace was enticed into playing the online game Axie Infinity to earn crypto tokens, until the edifice crashed, leaving the destitute players holding worthless crypto. (The Silicon Valley venture firm Andreessen Horowitz led a $152-million investment round in the game\'s distributor.) From the day he started his inquiry into bitcoin and the entire crypto world, Faux writes, "I had seen nothing but red flags." Even though 15 years had passed since a pseudonymously published white paper had laid out the principles of bitcoin and launched the entire cryptocurrency craze, "Hardly anyone knew what cryptocurrencies were for. ... It was unclear why many of the coins would be worth anything at all." One answer he found was that the crypto world is populated by the same species of crook behind every boom-time swindle known to history: "hucksters, zealots, opportunists, and outright scammers," many of whom became unimaginably rich, at least for a time — or at least seemed so. Read more: Column: Crypto tycoon Sam Bankman-Fried didn\'t lose a $16-billion fortune. His \'fortune\' was never real Lewis makes a cameo appearance in Faux\'s book, interviewing Bankman-Fried onstage at an April 2022 conference in the Bahamas sponsored by FTX. "The author\'s questions were so fawning," Faux observes, "they seemed inappropriate for a journalist." Lewis told Faux that he was already planning his book but denied that FTX had paid him for his appearance. Faux says Lewis also told him he thought U.S. regulators were hostile to crypto because they had been brainwashed or bought off by Wall Street. "You look at the existing financial system," Faux quotes Lewis, "and the crypto version is better." One doesn\'t need to validate the quotes, since their essence permeates Lewis\' book. Throughout "Going Infinite," Lewis never really comes to grips with the fundamental fact of crypto: It isn\'t worth anything. Cryptocurrencies aren\'t practical as currencies to buy things, they don\'t have intrinsic value (their prices are based entirely on what an owner can persuade someone else to pay for them — the "greater fool" theory in action), their abundance or scarcity are entirely artificial, and the supposed interest yields bruited about by promoters are either imaginary or the product of Ponzi schemes. Lewis doesn\'t seem to believe this, or at any rate doesn\'t offer his readers this necessary insight. In his only significant effort to explain how the crypto system works, he simply refers his readers to a 40,000-word Businessweek article by Levine, without making it too clear that Levine\'s article, like his subsequent commentaries, explains why crypto is essentially worthless. Lewis waves his hand at the vacuum at the heart of bitcoin: "Bitcoin often gets explained," he writes, "but somehow never stays explained." Read more: Column: Shame, suicide attempts, \'financial death\' — the devastating toll of a crypto firm\'s failure His failure to see crypto clearly for what it is (or isn\'t) allows Lewis to offer readers the pretense that there was value in Bankman-Fried\'s FTX, or would have been, had he not been brought low by an old-fashioned "run on the bank" in which investors tried to pull their money out so quickly that their claims couldn\'t be honored. That might be true, if crypto weren\'t so fundamentally crooked. In "Going Infinite," Lewis advances the conspiracy theory he offered Faux about the hostility of the financial establishment. He\'s scornful about John Ray, the experienced financial cleanup artist brought into FTX as its post-bankruptcy chief executive to untangle the mess and find whatever assets still exist to pay back customers and creditors. Lewis paints Ray as an old fogey who simply doesn\'t get it and has tried to impose old-school financial standards on new-school operations such as FTX. He implies that Ray came onto the scene with a preconception of FTX as a criminal enterprise, missing the truth that it was a new thing, comparing him to "an amateur archaeologist [who] had stumbled Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-03 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $538,002,171,850 - Hash Rate: 466751379.41330886 - Transaction Count: 310664.0 - Unique Addresses: 676161.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A New York court has dismissed a proposed class action lawsuit alleging leading decentralized crypto exchange Uniswap was responsible for causing harm to investors by allowing scam tokens to be issued and traded on the protocol. The Judge, who oversees the SEC lawsuit against Coinbase, classified ether (ETH) as a commodity in her opinion on the ruling, even as the SEC has shied away from doing so. A New York court classified popular cryptocurrencies ether (ETH) and bitcoin (BTC) as "commodities" while dismissing a proposed class action lawsuit against leading decentralized crypto exchange Uniswap in a Wednesday filing . The lawsuit – filed in April 2022 by a group of investors against Uniswap and its creator Hayden Adams – alleged the DeFi platform violated U.S. securities laws by failing to register as an exchange or broker-dealer, offering and soliciting securities on an unregistered exchange. The suit sought to hold Uniswap accountable for investors losing money to “scam tokens” that were issued and traded on the protocol. The tokens cited in the suit include Ethereum (ERC-20) tokens EthereumMax (EMAX), Bezoge (BEZOGE) and Alphawolf Finance (AWF). But Wednesday's ruling to scrap the suit before it goes to trial stated the true defendants of the case were the issuers of the "scam tokens" in question and not Uniswap. While Securities and Exchange Commission (SEC) Chief Gary Gensler has so far shied away from calling ETH a security , Judge Katherine Polk Failla of the Southern District of New York directly called it a commodity and declined to "stretch the federal securities laws to cover the conduct alleged," in the case against Uniswap. The court's opinion on its dismissal of the class action suit could influence future litigation against decentralized protocols and perhaps even those alleging violation of U.S. securities laws. Judge Polk Failla also oversees the SEC lawsuit against Coinbase. Case dismissed The decentralized nature of the Uniswap Protocol made identifying scam token issuers "unknown and unknowable," leaving no "identifiable defendant" in the case, Judge Polk Failla said in the opinion following Wednesday's order. In the absence of "actual issuers" of the "scam tokens," the plaintiffs argued that Uniswap facilitated the trades at issue by “providing a marketplace and facilities for bringing together buyers and sellers of securities" for a transaction fee, "hoping that this Court might overlook the fact that the current state of cryptocurrency regulation leaves them without recourse, at least as to the specific claims alleged in this suit." Story continues The court also shot down the plaintiffs' argument that Uniswap was like the manufacturer of a self-driving car and that the protocol and its creators caused harm by creating a system that allowed for scam tokens. "Indeed, this is less like a manufacturing defect, and more like a suit attempting to hold an application like Venmo or Zelle liable for a drug deal that used the platform to facilitate a fund transfer," the opinion read. Citing an absence of relevant regulation, the court concluded that the investors' concerns "are better addressed to Congress than to this Court." View comments... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['(Photo by Michael Nagle/Xinhua via Getty Images) US stocks plunged on Tuesday after bond yields surged to a new cycle-high not seen since 2007. Higher interest rates have upended investors appetite for risk as cash yields hit more than 5%. The 10-year US Treasury Yield jumped above 4.80%, compared to the 3.64% level it was a year ago. US stocks plunged on Tuesday as interest rates surged to a new cycle-high, hitting levels not seen since August 2007. The 10-Year US Treasury yield jumped above 4.80%, well above the 3.64% level it was at about a year ago. The surge in bond yields accelerated after weekly job openings data came in ahead of expectations, showing that the labor market remains resilient. A still-hot jobs market could push the Federal Reserve to continue with its interest rate hikes in its ongoing bid to tame inflation. Cleveland Fed President Loretta Mester said that one more rate hike might be necessary later this year, which is something that the market is currently not anticipating. "I suspect we may well need to raise the fed funds rate once more this year and then hold it there for some time as we accumulate more information on economic developments and assess the effects of the tightening in financial conditions that has already occurred," Mester said to a group of business leaders on Monday. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday: S&P 500 : 4,229.45, down 1.37% Dow Jones Industrial Average : 33,002.38, down 1.29% (-430.97 points) Nasdaq Composite : 13,059.47, down 1.87% Here\'s what else happened today: Wall Street just revealed a new potential winner and lose of the ongoing craze towards GLP-1 drugs like Ozempic, Wegovy, and Mounjaro. Orange juice prices are up 270% since the pandemic hit, as crop diseases and hurricanes hammer supply. Warren Buffett\'s Berkshire Hathaway has now cashed in $540 million of HP stock in under a month. Shares of embattled Chinese real-estate developer Evergrande surged as much as 42% in 15 minutes after the stock resumed trading on Tuesday. Higher interest rates have pummeled the safest area of the stock market: utilities, which have plunged more than 20% year-to-date. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 0.77% to $89.50 a barrel. Brent crude , the international benchmark, gained 0.43% to $91.10 a barrel. Gold fell 0.37% to $1,840.30 per ounce. The yield on the 10-year Treasury bond jumped 11 basis points to 4.80%. Bitcoin fell 0.80% to $27,287. Read the original article on Business Insider', '• US stocks plunged on Tuesday after bond yields surged to a new cycle-high not seen since 2007.\n• Higher interest rates have upended investors appetite for risk as cash yields hit more than 5%.\n• The 10-year US Treasury Yield jumped above 4.80%, compared to the 3.64% level it was a year ago.\nUS stocks plunged on Tuesday as interest rates surged to a new cycle-high, hitting levels not seen since August 2007.\nThe 10-Year US Treasury yield jumped above 4.80%, well above the 3.64% level it was at about a year ago. The surge in bond yields accelerated after weekly job openings data came in ahead of expectations, showing that the labor market remains resilient.\nA still-hot jobs market could push the Federal Reserve to continue with its interest rate hikes in its ongoing bid to tame inflation. Cleveland Fed President Loretta Mester said that one more rate hike might be necessary later this year, which is something that the market is currently not anticipating.\n"I suspect we may well need to raise the fed funds rate once more this year and then hold it there for some time as we accumulate more information on economic developments and assess the effects of the tightening in financial conditions that has already occurred," Mester said to a group of business leaders on Monday.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500: 4,229.45, down 1.37%\n• Dow Jones Industrial Average: 33,002.38, down 1.29% (-430.97 points)\n• Nasdaq Composite: 13,059.47, down 1.87%\nHere\'s what else happened today:\n• Wall Streetjust revealed a new potential winner and lose of the ongoing craze towards GLP-1 drugslike Ozempic, Wegovy, and Mounjaro.\n• Orange juice prices are up 270% since the pandemic hit,as crop diseases and hurricanes hammer supply.\n• Warren Buffett\'s Berkshire Hathawayhas now cashed in $540 million of HP stock in under a month.\n• Shares of embattled Chinese real-estate developer Evergrande surgedas much as 42% in 15 minutes after the stock resumed trading on Tuesday.\n• Higher interest rates have pummeled the safest area of the stock market: utilities, which have plunged more than 20% year-to-date.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 0.77% to $89.50 a barrel.Brent crude, the international benchmark, gained 0.43% to $91.10 a barrel.\n• Goldfell 0.37% to $1,840.30 per ounce.\n• The yield on the 10-year Treasury bond jumped 11 basis points to 4.80%.\n• Bitcoinfell 0.80% to $27,287.\nRead the original article onBusiness Insider', 'The XRP token rose 4.42% after a federal judge denied the U.S. Securities and Exchange Commission\x92s (SEC) motion to overturn its recent loss against Ripple Labs. XRP traded at US$0.5308 at 2:45 p.m. in Hong Kong on Tuesday, according to CoinMarketCap data . See related article: HK\x92s SFC & US SEC crack the whip as Blockchain Week rocks Manila Fast Facts: In Tuesday\x92s ruling, U.S. District Judge Analisa Torres said she found no \x93substantial ground for difference of opinion\x94 about her initial findings and that she did not agree that an appeal would advance the case toward a conclusion. While the decision counts as a partial victory for Ripple, it\x92s not a final decision. The judge set another trial date for April 2024 when the SEC could still try to appeal the case. In July, Judge Torres ruled Ripple Labs\x92 programmatic sales of the XRP token to retail investors did not qualify as financial securities. The judge granted the SEC to file an interlocutory appeal until Aug. 18. Interlocutory appeals occur before all claims to both parties are resolved and are only allowed under specific circumstances. In December 2020, the SEC sued the San Francisco-based technology firm alleging that Ripple\x92s sale of XRP was an unregistered securities offering. The SEC also implicated Ripple\x92s executive chairman Chris Larsen and chief executive officer Brad Garlinghouse as co-defendants, accusing them of aiding and abetting Ripple\x92s alleged violations. See related article: Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024', 'The XRP tokenrose 4.42% after a federal judge denied the U.S. Securities and Exchange Commission’s (SEC) motion to overturn itsrecent lossagainst Ripple Labs. XRP traded at US$0.5308 at 2:45 p.m. in Hong Kong on Tuesday, according to CoinMarketCapdata.\nSee related article:HK’s SFC & US SEC crack the whip as Blockchain Week rocks Manila\n• In Tuesday’s ruling, U.S. District Judge Analisa Torres said she found no “substantial ground for difference of opinion” about her initial findings and that she did not agree that an appeal would advance the case toward a conclusion.\n• While the decision counts as a partial victory for Ripple, it’s not a final decision. The judge set another trial date for April 2024 when the SEC could still try to appeal the case.\n• In July,Judge Torresruled Ripple Labs’ programmatic sales of the XRP token to retail investors did not qualify as financial securities. The judge granted the SEC to filean interlocutory appealuntil Aug. 18. Interlocutory appeals occur before all claims to both parties are resolved and are only allowed under specific circumstances.\n• In December 2020, the SEC sued the San Francisco-based technology firm alleging that Ripple’s sale of XRP was an unregistered securities offering. The SEC also implicated Ripple’s executive chairman Chris Larsen and chief executive officer Brad Garlinghouse as co-defendants, accusing them of aiding and abetting Ripple’s alleged violations.\nSee related article:Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024', 'Millions of dollars from the first-ever tranche of funds raised by Sam Bankman-Fried were almost lost after trading firm Alameda Research initially started in 2017, author Michael Lewis claimed in his biography of Bankman-Fried “Going Infinite.” Bankman-Fried raised nearly $170 million from a set of investors ascribing to the ‘Effective Altruism’ community – a network of people who try to find the best ways to serve the community, usually by donating or funding causes. The then 26-year-old SBF intended to invest these funds in the growing and inefficient crypto markets, capturing price differences across markets and creating high-frequency trading (HFT) strategies to pick up pennies every few seconds. Most of these were losing bets from the start with Alameda losing millions of dollars in its first months. It lost over $500,000 every day throughout one such month, Lewis wrote, while some trading funds had “simply vanished” due to poor fund management. Another bot called Modelbot, which was programmed to trade nearly 500 tokens on some thirty exchanges, turned out to be yet another dud initially. It made no distinction between deeply-liquid crypto majors such as bitcoin (BTC) and ether (ETH) and very thinly-traded memecoins – sparking concerns among early Alameda staff that it could end up evaporating all of the raised money. The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm. Wang is said to have coded a quantitative trading system that finally started to make Alameda money, while Singh put together the pieces to manage the company – putting it on track to what would eventually become the crypto exchange FTX.', "In this article, we will be looking into the Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-04 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $535,351,228,388 - Hash Rate: 373280259.4846018 - Transaction Count: 287430.0 - Unique Addresses: 638418.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin prices fell on Wednesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Notably, BNB, the native token of the world’s largest cryptocurrency exchange Binance, added to its weekly drop after the company announced the closing of its cryptocurrency payment service Binance Connect. Investor concerns remained on edge following Fitch Ratings’ downgradewarningon Tuesday for dozens of major U.S. banks including JPMorgan. See related article:TradFi has its eyes on crypto, and here’s the real reason why: Opinion Bitcoin dropped 0.69% to US$29,160 in the 24 hours to 4 p.m. in Hong Kong, bringing its weekly losses to 2.18%, according to CoinMarketCapdata. Bitcoin has been trading below US$30,000 since last Wednesday. The world’s biggest cryptocurrency’s trading volume gained 8.71%, but its market capitalization lost 0.84% to US$567.23 billion in the past 24 hours. “Bitcoin’s earlier reputation as a highly volatile asset attracted traders who thrived on rapid price swings. With the decrease in volatility, such opportunities for substantial short-term gains have become less common,” said Nigel Green, founder and chief executive officer of financial management group deVere, in an emailed statement on Monday. “For investors who thrive on volatility, the calmer waters of the Bitcoin market can feel limiting. They must adapt their strategies to the new normal, focusing on longer-term trends and holding positions for extended periods,” Green added. BNB, the native token of the largest crypto exchange Binance, fell 1.92% to US$234.66, logging a 4.17% weekly decline. Binancesaidit will shut down its cryptocurrency payment service Binance Connect on Wednesday, due to “changing market and user needs.” Binancefileda protective court order against the U.S. Securities and Exchange Commission (SEC) on Monday, seeking to restrict the agency’s “overbroad” requests for information. The SECsuedBinance, its U.S. platform, and Chief Executive Officer Changpeng Zhao in June for alleged breach of securities laws. The total crypto market capitalization fell 1.31% to US$1.16 trillion, while market volume climbed 22.48% to US$32.08 billion. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. TheForkast 500 NFTindex fell 0.14% to 2,471.55 over the 24 hours leading up to 7.10 p.m. in Hong Kong, but posted gains of 0.23% on the week. At the same time, Forkast’s Ethereum NFT and the Polygon NFT indexes gained, while the index measuring Solana NFTs declined. Total NFT sales volume dropped 2.16% in the past 24 hours to US$15.79 million, according to data fromCryptoSlam. Total NFT transactions also dropped 9.78% to US$565,906. NFT sales volume on Ethereum dropped 7.97% to US$9.14 million, although the network toppedCryptoSlam’ssales volume rankings. Among collections, Ethereum-based DeGods topped sales rankings with US$1.23 million, although it was 37.85% lower than the previous day. “Clearly collectors have lost some faith in the DeGods team after fumbling the DeGods Season III art release, and theannouncementof moving y00ts again from Polygon to Ethereum,” said Yehudah Petscher, NFT Strategist at Forkast Labs. Mythos-based DMarket ranked second, rising 8.33% to US$1.01 million, while Polygon’s DraftKings ranked third after its sales volumes climbed 52.19% in the past 24 hours to US$771,722. Most Asian equity markets were down on Wednesday. China’sShenzhen Component, Hong Kong’sHang Seng, Japan’sNikkei, and South Korea’sKospidropped at the end of trading hours, following lackluster economic data coming out of China. The country’s economic activitydatafor July — retail sales, industrial output and investment — all came in lower than expected, raising concerns about the health of the world’s second-largest economy. The People’s Bank of China on Tuesday unexpectedlycutloan rates by 15 basis points to 2.5%, the steepest cut in three years. “China’s cyclical soft patch keeps deepening. Data from a wide range of indicators, including credit growth, investment in capital markets and properties, industrial production, retail sales, construction, exports, and manufacturing and agricultural product prices reveal an overall loss of economic momentum,” Singapore-based DBS banksaidin a research report on Monday. “In addition to lackluster economic data, a long-simmering threat to economic and financial stability, the intersection of weak property market prices and a mountain of debt in the sector, is causing considerable concern,” DBS added. U.S. stock futures dropped as of 8.30 p.m. in Hong Kong with the Dow Jones Industrial Average futures, the S&P 500 futures, and the Nasdaq 100 futures all in the red. Ratings agency Fitch haswarnedof a downgrade for dozens of major U.S. banks including JPMorgan. The agency alsodowngradedthe United States’ long term credit rating from AAA to AA+ earlier this month citing long-term macroeconomic concerns. Meanwhile, annual headline inflation in the United Kingdomdroppedsharply to 6.8% in July from 7.9% in June, the lowest level since February 2022 and matching market expectations. However, core inflation, which excludes volatile energy, food, alcohol and tobacco prices, remained unchanged from June at 6.9%, and slightly above expectations of 6.8%. “The plan that we are executing on is clearly working, but we need to keep with that plan, keep making responsible decisions when it comes to public finances, and we need to make sure that fiscal policy is aligned with monetary policy at the Bank of England,” Gareth Davies, exchequer secretary at the U.K. Treasury,told CNBCon Wednesday. European bourses were mixed on Wednesday, with the benchmark STOXX 600 falling while Germany’s DAX 40 strengthened during afternoon trading hours in Europe.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• US stocks moved higher on Wednesday, while bond yields declined Tuesday\'s highs.\n• ADP reported private payrolls climbed 89,000 in September, below forecasts of 160,000.\n• The 10-year Treasury pulled back from its highest mark since 2007, hovering around 4.72%.\nUS stocks moved higher on Wednesday, as the 10-year US Treasury yield retreated slightly after hitting 16-year highs.\nThe Dow Jones Industrial Average jumped more than 100 points and the Nasdaq Composite rose more than 1% after private payroll data pointed to a weakening labor market, a sign traders hoped would take some pressure off the Federal Reserve to keep tightening monetary policy.\nADP reported before opening bell that private payrolls grew by 89,000 in September, well below the Dow Jones estimate of 160,000, and down from the revised reading of 180,000 in August.\nThe data comes ahead of Friday\'s nonfarm payroll report for September, which will be a closely watched gauge for investors to determine the next likely move for the Fed.\n"We don\'t normally give the ADP report much credence, but it could be a harbinger of a weaker than expected employment report," Dan North, senior economist at Allianz Trade North America said in a note Wednesday.\nOil prices also plungedas fears over demand destruction were aired by JPMorgan analysts and data showed weakening demand for gasoline in the US.\nWall Street remains split onwhat comes next for equitiesafter back-t0-back tough trading months.\n"October can seem as difficult as September, but historically it transitions into a more hospitable market environment," LPL chief global strategist Quincy Krosby told Insider earlier in the day. "The intense sell off has pushed the market into a deeper oversold condition that also makes valuations more attractive."\nHere\'s where US indexes stood as the market closed at 4:00 p.m. on Wednesday:\n• S&P 500:4,263.68, up 0.81%\n• Dow Jones Industrial Average:33,129.55, up 0.39% (+127.17 points)\n• Nasdaq Composite:13,236.01, up 1.35%\nHere\'s what else is going on:\n• JPMorgan saidthe stock market carnage isn\'t over yet.\n• Kevin O\'Leary laughed off the ideathat institutional investors want bitcoin.\n• Applications for home loans plunged to thelowest mark since 1996.\n• Bill Gross said he would avoid bonds and "clearly overvalued" stockseven after massive sell-off.\n• The rapid rise in Treasury yields has been atriple whammyfor stocks, bonds, and the broader economy.\n• Stocks may begearing up for a relief rallyafter key signals hit oversold extremes.\n• The bond market is suffering from "Old Testament capitulation," according to a market veteran.\nIn commodities, bonds, and crypto:\n• Oil prices plunged, withWest Texas Intermediatedown 5% to $84.75 a barrel.Brent crude, the international benchmark, moved lower 5.11% to $86.27 a barrel.\n• Goldedged lower 0.15% to $1,838.60 per ounce.\n• The10-year Treasury yielddipped seven points to hover at 4.72%.\n• Bitcoinclimbed 1.67% to $27,773.\nRead the original article onBusiness Insider', 'A trader works during the Fed rate announcement on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2019. Reuters/Brendan McDermid US stocks moved higher on Wednesday, while bond yields declined Tuesday\'s highs. ADP reported private payrolls climbed 89,000 in September, below forecasts of 160,000. The 10-year Treasury pulled back from its highest mark since 2007, hovering around 4.72%. US stocks moved higher on Wednesday, as the 10-year US Treasury yield retreated slightly after hitting 16-year highs. The Dow Jones Industrial Average jumped more than 100 points and the Nasdaq Composite rose more than 1% after private payroll data pointed to a weakening labor market, a sign traders hoped would take some pressure off the Federal Reserve to keep tightening monetary policy. ADP reported before opening bell that private payrolls grew by 89,000 in September, well below the Dow Jones estimate of 160,000, and down from the revised reading of 180,000 in August. The data comes ahead of Friday\'s nonfarm payroll report for September, which will be a closely watched gauge for investors to determine the next likely move for the Fed. "We don\'t normally give the ADP report much credence, but it could be a harbinger of a weaker than expected employment report," Dan North, senior economist at Allianz Trade North America said in a note Wednesday. Oil prices also plunged as fears over demand destruction were aired by JPMorgan analysts and data showed weakening demand for gasoline in the US. Wall Street remains split on what comes next for equities after back-t0-back tough trading months. "October can seem as difficult as September, but historically it transitions into a more hospitable market environment," LPL chief global strategist Quincy Krosby told Insider earlier in the day. "The intense sell off has pushed the market into a deeper oversold condition that also makes valuations more attractive." Here\'s where US indexes stood as the market closed at 4:00 p.m. on Wednesday: S&P 500 : 4,263.68, up 0.81% Dow Jones Industrial Average : 33,129.55, up 0.39% (+127.17 points) Story continues Nasdaq Composite : 13,236.01, up 1.35% Here\'s what else is going on: JPMorgan said the stock market carnage isn\'t over yet . Kevin O\'Leary laughed off the idea that institutional investors want bitcoin . Applications for home loans plunged to the lowest mark since 1996 . Bill Gross said he would avoid bonds and "clearly overvalued" stocks even after massive sell-off . The rapid rise in Treasury yields has been a triple whammy for stocks, bonds, and the broader economy. Stocks may be gearing up for a relief rally after key signals hit oversold extremes. The bond market is suffering from " Old Testament capitulation, " according to a market veteran. In commodities, bonds, and crypto: Oil prices plunged, with West Texas Intermediate down 5% to $84.75 a barrel. Brent crude , the international benchmark, moved lower 5.11% to $86.27 a barrel. Gold edged lower 0.15% to $1,838.60 per ounce. The 10-year Treasury yield dipped seven points to hover at 4.72%. Bitcoin climbed 1.67% to $27,773. Read the original article on Business Insider', 'SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 5 October 2023 - BingX, a leading cryptocurrency exchange platform, has released an in-depth analysis of tokens that could potentially see a huge price increase in Q4 2023. The Altcoins Research Report provides valuable insights for investors looking to capitalize on the next big altcoins surge. Key Highlights from the Report: 1. Bitcoin Price Prediction: Despite Bitcoin\'s impressive market capitalization of $550 billion, its price is unlikely to double in Q4 2023. The estimated probability of the highest price being at $28,300 is 80%, $29,761 at 21%, $31,000 at 5%, and the lowest price at $26,000. 2. Factors Influencing Token Growth: Market Capitalization: Tokens with market caps below $5 billion have a higher chance of increasing. Assessment of Utility: Utility is evaluated using three dimensions: "cheaper," "better," and "faster." Hot Projects: The market trend in 2023 leans towards tokens with utility and value. Based on traders\' predictions, it foresees that DeFi and tokens with high utility value will be the hot sectors post Q4 2023. 3. Investment Background and Social Media Data: While these are considered secondary indicators, they can still influence a token\'s popularity and growth potential. 4. Token Risks and Trading Strategies: BingX emphasizes the importance of setting stop-loss limit orders and using a Trailing Stop approach for spot investments. For those using BingX perpetual contract trading, an X2 leverage is recommended. 5. Future of Bitcoin: The analysis suggests that 2024 and 2025 could be the final bull markets for Bitcoin with over 100% price increases. Beyond that, Bitcoin\'s growth may slow down, with potential price increases not exceeding 50%. The coin analysis report is a testament to the platform\'s commitment to providing its users with valuable insights to navigate the volatile cryptocurrency market. As always, BingX reminds investors of the inherent risks associated with cryptocurrency investments and the importance of conducting thorough research before making any investment decisions. About BingX BingX is a leading cryptocurrency exchange offering spot, derivatives, grid, and copy trading services to users in over 100 countries and regions worldwide. With a user base of over 5 million, BingX facilitates connections between users, expert traders, and the platform itself in a secure and innovative manner. Contact Details BingX Media Contact [email protected] Company Website https://bingx.com/en-us/ View source version on newsdirect.com: https://newsdirect.com/news/bingx-reveals-comprehensive-analysis-on-potential-altcoins-growth-for-q4-2023-817499208 View comments', 'SINGAPORE --News Direct-- BingX SINGAPORE - Media OutReach - 5 October 2023 - BingX, a leading cryptocurrency exchange platform, has released an in-depth analysis of tokens that could potentially see a huge price increase in Q4 2023. The Altcoins Research Report provides valuable insights for investors looking to capitalize on the next big altcoins surge. Key Highlights from the Report: 1. Bitcoin Price Prediction: Despite Bitcoin\'s impressive market capitalization of $550 billion, its price is unlikely to double in Q4 2023. The estimated probability of the highest price being at $28,300 is 80%, $29,761 at 21%, $31,000 at 5%, and the lowest price at $26,000. 2. Factors Influencing Token Growth: Market Capitalization: Tokens with market caps below $5 billion have a higher chance of increasing. Assessment of Utility: Utility is evaluated using three dimensions: "cheaper," "better," and "faster." Hot Projects: The market trend in 2023 leans towards tokens with utility and value. Based on traders\' predictions, it foresees that DeFi and tokens with high Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-05 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $540,228,716,500 - Hash Rate: 401774935.7811363 - Transaction Count: 319310.0 - Unique Addresses: 687363.0 Social & AI Sentiment: - Fear & Greed Index: 0.48 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell 10.44% from Aug. 11 to Aug. 18 to US$26,324 as of 9:00 p.m. Friday in Hong Kong, according to CoinMarketCap data. The world’s largest cryptocurrency by market capitalization has been trading below US$30,000 since last Wednesday. Ether fell 9.16% over the week to US$1,678. H8aXcZ5Tixooc8Lo8cQSakEpU3LOZHUnvJWHFiANCNZ7exvZZWMnaxqoDNG sR l0YH 1eWxB4hrnNHjuGYq6DDQfg2q 7bIFHet 8Wu3xdZ9ypNrwzCKYKXV 57W3cmP0ucBLbB4PDg4Ox 2uaqaLA Bitcoin dipped to US$25,409 on Friday, its lowest price in two months, after Evergrande, a Chinese property developer with over US$340 billion in liabilities, filed for bankruptcy protection in the U.S., as part of its prolonged restructuring agreement with international creditors. Evergrande defaulted on its dollar-denominated debts in 2021. Adrian Fritz, a senior research associate at 21.co, the parent company of 21Shares, an issuer of crypto exchange-traded products, said that Evergrande’s bankruptcy contributed to Bitcoin’s price fall, along with the usual “summer trading lull.” “Bitcoin’s first key support level was the 200-day moving average at US$27,200, which it wasn’t able to hold. The next major support level to watch would be around US$25,000,” said Fritz, in an email response to Forkast. Coinbase, the largest crypto exchange in the U.S., announced on Wednesday that it obtained regulatory approval to offer crypto futures trading services to eligible clients in the country. The Shiba Inu (SHIB) token launched its layer-2 scaling solution, Shibarium , on the Ethereum blockchain on Thursday, but US$1.7 million worth of ETH was stuck on the Shibarium bridge, according to on-chain intelligence firm PeckShield, leading an over 7% drop in SHIB’s price. Adding to the negative investor sentiment, Binance announced the shutdown of its crypto payment service, Binance Connect, on Wednesday. Previously known as “Bifinity,” Binance Connect was a fiat-to-crypto payment ramp for the exchange, allowing users to buy cryptocurrencies through Mastercard and Visa. Binance’s announcement came a day after Europe’s first Spot Bitcoin exchange-traded fund (ETF) was listed on Euronext Amsterdam, nearly two years after it was first approved. Story continues Lucas Kiely, the chief investment officer of digital asset platform Yield App, said that the ETF listing could inspire other European countries to follow suit and pressure the U.S. Securities and Exchange Commission to hasten its approval process for pending ETFs. “If Europe demonstrates that such products can operate safely within existing regulatory frameworks, it may force the SEC to reevaluate its cautious approach towards cryptocurrency-related investment vehicles,” wrote Kiely, adding that the surging demand may also move Bitcoin prices higher. However, Jonas Betz, crypto market analyst and founder of consultancy firm Betz Crypto , doesn’t expect the European ETF to significantly boost Bitcoin prices or accelerate the SEC’s decision-making process. “The SEC will likely maintain its independent pace and judgment, regardless of the actions of its European counterparts,” Betz told Forkast. Notable Movers: LTC & XRP Some of the world’s most popular cryptocurrencies were put on the spotlight in the loss column this week. XRP , the fifth largest cryptocurrency by market capitalization, dropped 20.09% to US$0.505 after the SEC was granted the request to file an interlocutory appeal in its lawsuit against Ripple Labs. Litecoin, the world’s 15th largest cryptocurrency by market capitalization, fell 21.65% to US$65.12, as part of a broader downward movement in the crypto market. The global crypto market capitalization stood at US$1.06 trillion on Friday at 9:00 p.m. in Hong Kong, down by more than US$100 billion over the past week, CoinMarketCap data shows. Next Week: Can Bitcoin close the week above US$27,000? On Tuesday, investors will be anticipating speeches from Federal Reserve Bank of Chicago President Austan Goolsbee and U.S. Federal Open Market Committee Member Michelle W. Bowman. Despite Bitcoin falling to a two-month low on Thursday, Yield App’s Kiely said that it’s not all doom and gloom. “With Europe’s first spot Bitcoin ETF now finally approved, if Bitcoin closed the week around US$27,000 it would be well within the range to regain momentum,” Kiely said. See related article: Hackers hit Curve, China announces blockchain link & is FTX back?... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Brendan McDermid/Reuters US stocks ended the day lower as investors looked ahead to the September jobs report. Wall Street expects a 170,000 increase in payrolls last month, down from 187,000 in August. Investors are hoping to see a softer employment picture, which could influence the Fed to dial back rates. US stocks moved slightly lower on Thursday as investors looked ahead to the September jobs report on Friday. Wall Street hopes to see a softer picture of the labor market, which could influence the Fed to dial back interest rates. Friday's jobs report is expected to show a 170,000 increase in payrolls, according to economists polled by Dow Jones, slightly lower than the 187,000 payrolls reported in August. Weekly jobless data on Thursday came in slightly stronger than expected at 207,000, below the anticipated 210,000. Meanwhile, the yield on the 10-year US Treasury bond dipped to 4.716%, but is still hovering at 16-year highs. Here's where US indexes stood at the 4:00 p.m. closing bell on Thursday: S&P 500 : 4,258.19, down 0.13% Dow Jones Industrial Average : 33,119.57, down 0.03% (9.98 points) Nasdaq Composite : 13,219.83, down 0.12% Here's what else happened today: The collapse in Treasury bonds now ranks among the worst market crashes in history . Oil prices dropped further as the outlook on global demand looks murky . Now is the time to double-down on tech stocks as market bears ramp up panic about the economy, according to Wedbush analyst Dan Ives. Stocks will still be significantly higher by year-end , and high bond yields and inflation aren't as bad as they seem, said Fundstrat's Tome Lee. Steel prices are falling due to the UAW strike . The housing market is following a similar playbook as it did in the 1980s . Here's what that could mean for homebuyers today. In commodities, bonds, and crypto: West Texas Intermediate crude oil dropped 2.16% to $82.40 a barrel. Brent crude , the international benchmark, slipped 1.94% to $84.15 a barrel. Gold fell 0.07% to $1,820.14 per ounce. The yield on the 10-year Treasury bond eased 2 basis points to 4.71%. Bitcoin slipped 0.97% to $27,523. Read the original article on Business Insider", "• US stocks ended the day lower as investors looked ahead to the September jobs report.\n• Wall Street expects a 170,000 increase in payrolls last month, down from 187,000 in August.\n• Investors are hoping to see a softer employment picture, which could influence the Fed to dial back rates.\nUS stocks moved slightly lower on Thursday as investors looked ahead to the September jobs report on Friday.\nWall Street hopes to see a softer picture of the labor market, which could influence the Fed to dial back interest rates.\nFriday's jobs report is expected to show a 170,000 increase in payrolls, according to economists polled by Dow Jones, slightly lower than the 187,000 payrolls reported in August.\nWeekly jobless data on Thursday came in slightly stronger than expected at 207,000, below the anticipated 210,000.\nMeanwhile, the yield on the 10-year US Treasury bond dipped to 4.716%, but is still hovering at 16-year highs.\nHere's where US indexes stood at the 4:00 p.m. closing bell on Thursday:\n• S&P 500:4,258.19, down 0.13%\n• Dow Jones Industrial Average:33,119.57, down 0.03% (9.98 points)\n• Nasdaq Composite:13,219.83, down 0.12%\nHere's what else happened today:\n• The collapse in Treasury bonds now ranks among the worst market crashes in history.\n• Oil prices dropped further as the outlook on global demand looks murky.\n• Now is the time to double-down on tech stocksas market bears ramp up panic about the economy, according to Wedbush analyst Dan Ives.\n• Stocks will still be significantly higher by year-end, and high bond yields and inflation aren't as bad as they seem, said Fundstrat's Tome Lee.\n• Steel prices are falling due to the UAW strike.\n• The housing market is following a similar playbook as it did in the 1980s. Here's what that could mean for homebuyers today.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil dropped 2.16% to $82.40 a barrel.Brent crude, the international benchmark, slipped 1.94% to $84.15 a barrel.\n• Goldfell 0.07% to $1,820.14 per ounce.\n• The yield on the 10-year Treasury bond eased 2 basis points to 4.71%.\n• Bitcoinslipped 0.97% to $27,523.\nRead the original article onBusiness Insider", 'On an annual basis, UK property prices declined 4.7%, versus 4.5% in August. Photo: Getty. (Mike Kemp via Getty Images) UK house prices fell further in September, edging down by -0.4% on a monthly basis with the average home now costing £278,601. This is a drop of around £1,200 since last month, marking the sixth consecutive monthly fall. The latest house price index data from Halifax also showed that on an annual basis, property prices declined 4.7%, that\'s a decline of £15,234 compared to the average price of a home in September 2022. However, homes were still more than £39,000 above pre- pandemic levels. Higher rates for longer expectations Many economists and financial markets predict that the Bank of England (BoE) Base Rate will remain higher for longer, with any significant cuts appearing unlikely until inflation gets closer to its 2% target. In September, the BoE left its key interest rate on hold at 5.25% — which is a 15-year high — after 14 consecutive rises. “Overall, these factors are likely to keep mortgage rates elevated in comparison to recent years, constraining buyer demand and putting downward pressure on house prices into next year,” Kim Kinnaird, director at Halifax Mortgages, said. However, With the BoE Base Rate now likely to be at or around its peak, fixed rate mortgages deals are easing back from recent highs. Lower levels of instructions to sell homes “Activity levels continue to look subdued compared to recent years, with industry data showing lower levels of new instructions to sell homes and agreed sales," Kinnaird said. “Borrowing costs are the primary factor, given the impact of higher interest rates on mortgage affordability. Against this backdrop, homeowners inevitably become more realistic about their target selling price, reflecting what has increasingly become a buyer’s market. Read more: Bitcoin rally driven by believers collecting evermore tokens “Wage growth also remains strong, which has helped with affordability, with the house price to income ratio now at its lowest level since June 2020 (6.2 in September vs 6.3 in August).” Story continues Prices across nations and regions Halifax said the South East of England continues to see the most downward pressure on property prices, falling by -5.7% over the last year with the average house price at £376,450. Northern Ireland currently has the most resilient house prices, down by -0.2%, compared to this time last year, with the average house price at £184,108, a fall of less than £400. Meanwhile, Scotland also experienced a relatively modest annual decline of -0.8% with the average house price at £201,594. Read more: Bake Off: 13 homes with show-stopping kitchens Wales saw property prices fall by -3.6% over the last year with the average house costing £214,585. London, meanwhile, remains the most expensive place in the UK to purchase a home, with an average property costing £525,678. Prices are down by -4.8% over the last year, the biggest fall of any region in cash terms (-£26,514). Watch: Levi\'s cuts full-year sales guidance, Q3 revenue misses estimates Download the Yahoo Finance app, available for Apple and Android .', 'On an annual basis, UK property prices declined 4.7%, versus 4.5% in August. Photo: Getty. (Mike Kemp via Getty Images) UK house prices fell further in September, edging down by -0.4% on a monthly basis with the average home now costing £278,601. This is a drop of around £1,200 since last month, marking the sixth consecutive monthly fall. The latest house price index data from Halifax also showed that on an annual basis, property prices declined 4.7%, that\'s a decline of £15,234 compared to the average price of a home in September 2022. However, homes were still more than £39,000 above pre- pandemic levels. Higher rates for longer expectations Many economists and financial markets predict that the Bank of England (BoE) Base Rate will remain higher for longer, with any significant cuts appearing unlikely until inflation gets closer to its 2% target. In September, the BoE left its key interest rate on hold at 5.25% — which is a 15-year high — after 14 consecutive rises. “Overall, these factors are likely to keep mortgage rates elevated in comparison to recent years, constraining buyer demand and putting downward pressure on house prices into next year,” Kim Kinnaird, director at Halifax Mortgages, said. However, With the BoE Base Rate now likely to be at or around its peak, fixed rate mortgages deals are easing back from recent highs. Lower levels of instructions to sell homes “Activity levels continue to look subdued compared to recent years, with industry data showing lower levels of new instructions to sell homes and agreed sales," Kinnaird said. “Borrowing costs are the primary factor, given the impact of higher interest rates on mortgage affordability. Against this backdrop, homeowners inevitably become more realistic about their target selling price, reflecting what has increasingly become a buyer’s market. Read more: Bitcoin rally driven by believers collecting evermore tokens “Wage growth also remains strong, which has helped with affordability, with the house price to income ratio now at its lowest level since June 2020 (6.2 in September vs 6.3 in August).” Story continues Prices across nations and regions Halifax said the South East of England continues to see the most downward pressure on property prices, falling by -5.7% over the last year with the average house price at £376,450. Northern Ireland currently has the most resilient house prices, down by -0.2%, compared to this time last year, with the average house Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-06 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $545,478,997,875 - Hash Rate: 455914820.74455184 - Transaction Count: 298650.0 - Unique Addresses: 679001.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and Ether were little changed on Tuesday morning in Asia, while other top 10 non-stablecoin cryptocurrencies traded mixed. Cardano’s ADA led the gains following bullish comments from founder Charles Hoskinson. He predicted a surge in price past both Ether and Bitcoin. Solana’s SOL posted more losses, despite last week’s news of Solana Pay’s tie-up with Shopify. Analysts expect the generally downbeat summer mood in the crypto market to pick up in fall. Elsewhere, the Forkast 500 NFT Index continued to decline, reflecting more bad news for the NFT industry. The U.S. Securities and Exchange Commission (SEC) announced Monday it has charged L.A.-based media company Impact Theory LLC with securities violations related to its offering of NFTs. Meanwhile, U.S. equity futures were trading flat after Monday’s gains. Summer blues Bitcoin edged down 0.12% for the last 24 hours to US$26,050.51 as of 07:00 a.m. in Hong Kong. The token is down 0.30% for the week, according to CoinMarketCap data . The world’s leading cryptocurrency reached a high of US$26,198.58 in the early hours of the morning before falling back. Ether also dipped 0.40% to US$1,650.23 for a 0.99% weekly loss. “There might be another selloff taking place, but currently we’ve experienced the standard August and September correction, through which it seems likely that we won’t be continuing that fall for long and rather have an upwards trend from here on out,” Michaël van de Poppe, CEO of Amsterdam-based crypto trading company MN Trading, said via email. Van de Poppe’s comments were in line with a report by JPMorgan Chase & Co. that forecast “limited downside” for the crypto market as losses slow. The U.S. banking giant’s analysts found a drop in the number of Bitcoin-linked futures contracts on exchanges that are yet to be settled — a sign that downward price movement is losing its momentum. “We’ll be having a potential run from here,” Van de Poppe said in a weekend tweet. “This rally should most likely occur in Q4 of 2023, during a good period for crypto markets (October-December tend to be this).” Story continues Did #Bitcoin bottom on this correction or are we expecting $20K? The Million Dollar question is whether #Bitcoin is done on this correction, or whether we'll see more pain. If you'd ask people before the drop, you'd be getting a more bullish answer. If you'd ask people right… pic.twitter.com/9niq2jhw5k — Michaël van de Poppe (@CryptoMichNL) August 26, 2023 Van de Poppe pointed to Bitcoin’s next halving event, which is expected to occur on April 16, 2024, as a cause for optimism from the fourth quarter of this year. The halving event will see the amount of new Bitcoin issued every 10 minutes cut in half, increasing its scarcity. This is widely anticipated to produce a surge in the token’s price. He also highlighted this week’s release in the U.S. of employment data and the purchasing managers’ index as further potential boosts for Bitcoin’s price. The SEC’s decision on Bitcoin exchange-traded fund applications from investment heavyweights BlackRock, Fidelity and others will also play a role, Van de Poppe said. Some of those decisions could be made as early as Saturday. Other top 10 non-stablecoin cryptocurrencies traded mixed. Cardano’s ADA led the winners, rising 1.46% to US$0.2669 for a weekly gain of 1.24%. Cardano blockchain founder Charles Hoskinson, appearing at Denver-based conference Rare Evo on Saturday, predicted that ADA will overtake Bitcoin and Ethereum to become the world’s largest cryptocurrency. ADA is currently the world’s seventh largest crypto, with a market capitalization of US$9.36 billion. Meanwhile, Solana’s SOL led the losers. It fell 1.35% to US$20.50 for a weekly loss of 3.61%. Those losses arrived despite the news that Solana Pay — a free-to-use payment protocol built on the Solana blockchain — has partnered with Canada-based e-commerce platform Shopify to allow USDC stablecoin payments for online shopping without intermediary fees. The token gained briefly on Aug. 24, the day of the Solana Pay announcement. It added 7% to US$21.98 before falling back. Benjamin Stani, director of business development at Hong Kong-based digital asset broker Matrixport, said that the integration of Solana with a mainstream shopping app was a minor victory for the industry and wouldn’t have much effect on markets. “This is just another step towards stablecoins going mainstream in line with PayPal’s PYUSD,” he said. He added that, while good news for Solana, its “not really a major breakthrough.” Prepare for an NFT bloodbath The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. The main Forkast 500 NFT index fell 0.16% over the past 24 hours to 2,240.52 as of 7:30 a.m. in Hong Kong, down 3.25% for the week. Forkast’s Ethereum, Polygon and Cardano indexes moved down, while the Solana index rose. The NFT industry was reacting Tuesday to more bad regulatory news from the U.S.. The SEC announced Monday it has charged Los Angeles-based media company Impact Theory with offering and selling NFTs as unregistered securities. The charges are the first brought by the regulator against an NFT project. The SEC suing Impact Theory for selling NFT securities is a pretty big deal. Because if you take a closer look at the details, the description applies to quite a few NFT projects – probably also to one you are holding right now. pic.twitter.com/75kY0QQIDG — wale.swoosh 🐳 (@waleswoosh) August 28, 2023 According to the SEC, the company earned almost US$30 million by selling digital tokens, known as Founder’s Keys, to hundreds of investors in late 2021. The agency announcement said that, while Impact Theory has not accepted or denied the charges, it has agreed to pay US$6.1 million in fines and to destroy all the Founder’s Keys it controls. “Prepare for a bloodbath in the NFT markets,” wrote Yehudah Petscher, NFT strategist for Forkast Labs. “Surprisingly, the community seems to have been caught largely off guard, which makes me more concerned in the short term about NFTs’ value.” Petscher said he expects the SEC to pursue charges against more NFT projects in the future. NFT prices will plummet as a result, he said, as traders rush out of the market. “This will be how the market finds its bottom, but we are far away from that actually coming into picture,” Petscher added. Total NFT trading volume rose 3.23% in the past 24 hours to US$9.94 million. Volume on Ethereum fell while the other top five chains — Solana, Mythos, ImmutableX and Polygon — all logged increases, according to data from CryptoSlam. In terms of NFT collections, blockchain gaming-based titles occupied the top five positions in CryptoSlam’s ranking. Mythos chain-based DMarket took top spot at US$857,652 in trade volume. It was followed by Gods Unchained, Sorare and DraftKings — all of which posted gains — and PLAYNFT, which dropped 14.90%. Some macro positives Image: Envato Elements U.S. stock futures were trading flat as of 10:20 a.m. in Hong Kong after Monday’s regular session gains. The main Asia stock indexes all rose. Hong Kong’s Hang Seng led the gains with a 1.29% rise on the back of positive developments in both the U.S. and China. The Chinese government, which has been exploring ways to address July’s bearish macroeconomic data, reportedly cut stamp duty on stock trading by 50% on Monday — a first since 2008. Beijing said it also plans to limit the number of new stock listings to help balance supply and demand. However, experts say these measures may not be enough to encourage investors. “If they still feel bearish on the economic recovery of China, then it may be difficult to convince them to buy shares just because of these technical changes,” Jason Lui, head of Asia-Pacific equity and derivative strategy for global markets at BNP Paribas, told The Wall Street Journal. Meanwhile, Federal Reserve chair Jerome Powell used his Jackson Hole speech Friday to say the U.S. economy has grown stronger. However, with inflation still above its 2% target, the Fed will “proceed carefully” on interest rates, he said. An unexpected rise in U.S. treasury yields in July and August could also complicate Fed policy. As of early afternoon trading in Asia, the yield on U.S. 10-year treasury bonds was 4.192% — up from 3.39% at the start of 2023 — a figure some analysts think could lead to further hikes. “Was he hawkish? Yes. But given the jump in yields lately, he wasn’t as hawkish as some had feared,” Ryan Detrick, chief market strategist at the Carson Group, told CNBC. Last week, Reuters reported that Philadelphia Fed President Patrick Harker and Boston Fed President Susan Collins both separately said the jump in bond yields could be positive for the Fed’s efforts to cool inflation. The Fed raised its interest rate to between 5.25% and 5.50% in July, the highest level in 22 years. The CME FedWatch Tool predicts a 21.5% chance for a 25-basis-point rate hike at the Fed’s next meeting in September, up from 14.0% a week ago Investors now look toward U.S. economic data releases later this week, including the personal consumption expenditures price index on Thursday and the labor report Friday. (Updates to add Equities section)... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['STAN HONDA/AFP via Getty Images) US stocks rebounded sharply Friday, after a spike in bond yields in the morning. September\'s jobs report came in hotter than expected, and could indicate higher Federal Reserve rates. The United Auto Workers indicated significant progress in talks with carmakers, helping boost market optimism. US stocks rebounded sharply Friday, reversing an early sell-off triggered by surging Treasury yields and a labor market spike. The September payroll report showed 336,000 positions were added, well above forecasts for 170,000, while unemployment remained at 3.8%. The metric underlines continued economic resiliency, and could force the Federal Reserve to keep raising interest rates. As a result, the bond market sell-off accelerated Friday morning, with the 10-year yield soaring as much as 14 basis points before paring some gains. "Odds of a rate hike in November rose after the latest jobs report, now slightly above a 30% chance. Given the strength in hiring last month, investors and policy makers will put even more emphasis on next week\'s CPI release. Expect some choppy markets in the meantime," Jeffrey Roach, chief economist for LPL Financial said. "Since most of the job gains were in sectors with lower paying jobs, this report is not necessarily giving markets an inflationary signal." Equities found some support in the auto sector, with the United Auto Workers forgoing further strikes thanks to a key concession from General Motors , Bloomberg said. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,308.50, up 1.18% Dow Jones Industrial Average : 33,407.58, up 0.87% (288.01 points) Nasdaq Composite : 13,431.34, up 1.60% Here\'s what else happened today: Treasury yields could be headed to 6% as the Fed will keep raising interest rates, a research firm said. Income would have to spike 55% for the housing market to be deemed affordable . Drugs like Ozempic are slamming food retailers and producers on worries of lower demand. China isn\'t actually shedding Treasurys — it\'s just diversifying its US debt holdings , a former official said. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil edged up 0.68% to $82.87 a barrel. Brent crude , the international benchmark, gained 0.6% to $84.58 a barrel. Gold inched up 0.47% to $1,830.88 per ounce. The yield on the 10-year Treasury bond climbed 6.4 basis points to 4.78%. Bitcoin rose 2.1% to $27,940.73. Read the original article on Business Insider', '• US stocks rebounded sharply Friday, after a spike in bond yields in the morning.\n• September\'s jobs report came in hotter than expected, and could indicate higher Federal Reserve rates.\n• The United Auto Workers indicated significant progress in talks with carmakers, helping boost market optimism.\nUS stocks rebounded sharply Friday, reversing an early sell-off triggered by surging Treasury yields and a labor market spike.\nThe September payroll report showed 336,000 positions were added, well above forecasts for 170,000, while unemployment remained at 3.8%.\nThe metric underlines continued economic resiliency, and could force the Federal Reserve to keep raising interest rates. As a result, the bond market sell-off accelerated Friday morning, with the 10-year yield soaring as much as 14 basis points before paring some gains.\n"Odds of a rate hike in November rose after the latest jobs report, now slightly above a 30% chance. Given the strength in hiring last month, investors and policy makers will put even more emphasis on next week\'s CPI release. Expect some choppy markets in the meantime," Jeffrey Roach, chief economist for LPL Financial said. "Since most of the job gains were in sectors with lower paying jobs, this report is not necessarily giving markets an inflationary signal."\nEquities found some support in the auto sector, with the United Auto Workers forgoing further strikes thanks to akey concession from General Motors, Bloomberg said.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500: 4,308.50, up 1.18%\n• Dow Jones Industrial Average: 33,407.58, up 0.87% (288.01 points)\n• Nasdaq Composite: 13,431.34, up 1.60%\nHere\'s what else happened today:\n• Treasury yields could be headed to 6%as the Fed will keep raising interest rates, a research firm said.\n• Income would have to spike 55% for thehousing market to be deemed affordable.\n• Drugs like Ozempic areslamming food retailers and producerson worries of lower demand.\n• China isn\'t actually shedding Treasurys — it\'s justdiversifying its US debt holdings, a former official said.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil edged up 0.68% to $82.87 a barrel.Brent crude, the international benchmark, gained 0.6% to $84.58 a barrel.\n• Goldinched up 0.47% to $1,830.88 per ounce.\n• The yield on the 10-year Treasury bond climbed 6.4 basis points to 4.78%.\n• Bitcoinrose 2.1% to $27,940.73.\nRead the original article onBusiness Insider', 'Bitcoin (BTC) could be at risk of a short-term reversal following recent price bumps, while the dismal performance of ether (ETH) futures exchange-traded funds (ETF) weighed down on crypto majors.\n“Bitcoin continues to tend to sell on growth, failing to make a fresh attack on the 200-day moving average,” FxPro senior market analyst Alex Kuptsikevich said in a note to CoinDesk. “Bitcoin has recently outperformed the stock market but is now retreating against the buying in the indices.”\n“In the short term, bitcoin seems more at risk of falling than rising,” the trader said, adding ether’s bearish performance did little to boost confidence in top tokens.\nEther and bitcoin were buoyed to one-month highs last week as six ETH ETFs went live in the U.S. earlier on Monday, with traders expecting high demand for the products.\nHowever, theirperformance told a different story. Less than $2 million were traded across the various ETFs on Monday, with poor volumes throughout the week prompting analysts to write down their bullish outlook and pivot to bitcoin investments instead.\nSuch sentiment weighed on prices, with ether losing nearly all gains since the past week, while bitcoin has generally hovered above support levels.\nCrypto majors moved little in the past 24 hours after profit taking earlier this week and a lack of catalysts. Bitcoin slumped 0.5%, ether slipped 1%, while XRP and BNB Chain’s BNB were little changed.\nCardano’s ADA tokens were the only majors in green with a 2.2% price bump. Elsewhere, toncoin (TON) surged 8.8% on no immediately apparent catalyst, while Avalanche’s AVAX tokens continued gains from earlier this week with a 4% jump.', 'Bitcoin (BTC) could be at risk of a short-term reversal following recent price bumps, while the dismal performance of ether (ETH) futures exchange-traded funds (ETF) weighed down on crypto majors.\n“Bitcoin continues to tend to sell on growth, failing to make a fresh attack on the 200-day moving average,” FxPro senior market analyst Alex Kuptsikevich said in a note to CoinDesk. “Bitcoin has recently outperformed the stock market but is now retreating against the buying in the indices.”\n“In the short term, bitcoin seems more at risk of falling than rising,” the trader said, adding ether’s bearish performance did little to boost confidence in top tokens.\nEther and bitcoin were buoyed to one-month highs last week as six ETH ETFs went live in the U.S. earlier on Monday, with traders expecting high demand for the products.\nHowever, theirperformance told a different story. Less than $2 million were traded across the various ETFs on Monday, with poor volumes throughout the week prompting analysts to write down their bullish outlook and pivot to bitcoin investments instead.\nSuch sentiment weighed on prices, with ether losing nearly all gains since the past week, while bitcoin has generally hovered above support levels.\nCrypto majors moved little in the past 24 hours after profit taking earlier this week and a lack of catalysts. Bitcoin slumped 0.5%, ether slipped 1%, while XRP and BNB Chain’s BNB were little changed.\nCardano’s ADA tokens were the only majors in green with a 2.2% price bump. Elsewhere, toncoin (TON) surged 8.8% on no immediately apparent catalyst, while Avalanche’s AVAX tokens continued gains from earlier this week with a 4% jump.', 'Jeremy Grantham. Alison Yin/AP Images for DivestInvest Stocks are in a bubble and could crash by over 50% if it ends badly, Jeremy Grantham says. The elite investor sees house prices falling and predicts a recession will strike next year. Here are his 16 best quotes from a new interview, including comments about bitcoin and AI. Jeremy Grantham floated the possibility of a 50% crash in the S&P 500 , predicted US house prices would drop, and rang the recession alarm during the latest episode of Bloomberg\'s "Merryn Talks Money" podcast. The GMO cofounder and market-bubble historian also slammed bitcoin as a scam, advised against buying US stocks or real estate, and shared his outlook for fossil fuels and artificial intelligence. Here are Grantham\'s 16 best quotes, lightly edited for length and clarity: 1.\xa0"The market suffers from attention deficit disorder, so it always thinks every rally is the beginning of the next great bull market." 2. "If everything works out badly, I would not be amazed if the S&P went to 2,000. That would require a couple of wheels to fall off, and wheels tend to fall off in the great bubbles\' unraveling, but it doesn\'t mean they have to. The S&P would be unlikely not to get to something close to 3,000." 3. "The simple arithmetic suggests you\'ll either have a dismal return forever, or you\'ll have a nice bear market and then a normal return. And the nice bear market will be hopefully less than a 50% decline, but it won\'t be a huge amount less than 50% from the peak in real terms." 4. "You increase the pressure on a very complicated system until a few things sna Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-07 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $545,597,853,875 - Hash Rate: 487258964.67073977 - Transaction Count: 244567.0 - Unique Addresses: 596825.0 Social & AI Sentiment: - Fear & Greed Index: 0.49 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin inched up in Monday afternoon trade in Asia and continued to hover around the US$29,000 mark. Ethereum and most other top 10 non-stablecoin cryptocurrencies by market capitalization were little changed, except Dogecoin and Solana. Most Asian stock markets fell on China’s economic recovery concerns. U.S. stock futures dropped while European bourses traded mixed. See related article:FTX founder Sam Bankman-Fried jailed for witness interference Bitcoin inched up 0.04% in the last 24 hours to US$29,393 at 4 p.m. in Hong Kong, bringing its weekly gains to 1.24%, according to CoinMarketCapdata. At the same time, the world’s largest cryptocurrency’s market capitalization dropped 0.03% to US$571.67 billion. “Bitcoin prices have been pinned at US$29,000 for three weeks, refusing to decline, despite the correction in some large-cap technology stocks – Apple, Nvidia, and Microsoft,” Markus Thielen, head of research and strategy at digital asset service platform Matrixport, said in an emailed statement on Thursday. “Two significant catalysts are supporting Bitcoin and Ethereum prices into year-end: the potential SEC approval for a U.S.-listed physical Bitcoin ETF and Ethereum’s EIP-4844 upgrade, which is expected in Q4 2023,” Thielen added. Ethereum, the second-largest cryptocurrency, dropped 0.02% to US$1,848 in the past 24 hours. Ethereum’sEIP-4844 upgrade, with the introduction of ‘blobs’ of data – a new transaction type – is expected to reduce transaction fees and increase transaction throughput. In June,BlackRockand a number of major U.S. financial institutions filed applications with the U.S. Securities and Exchange Commission (SEC) to create spot Bitcoin ETFs. The SEC was expected to announce its decision onArk Investment’sspot Bitcoin ETF application on Aug. 13. However, the regulator said in aFriday filingthat it will solicit public comment on the ETF proposal, effectively pushing back the deadline. “More SEC responses will also be expected during the first week of September, when seven other Bitcoin ETF filings are required to receive a response from the SEC. The possibility is high that several Bitcoin ETFs would be approved in short order, igniting the next leg higher in Bitcoin prices as those ETF providers would spend considerable marketing expenses to draw in retail and institutional capital,” Thielen added. However, Bitcoin prices could decline by September to about US$26,000 to US$27,000 as the summer lull ends, Thielen cautioned, adding that this could be an attractive buying opportunity for the seasonal rally in the fourth quarter. “Bitcoin prices would struggle until September before they start their ascent again. This is happening, and our inclination of being very cautious in managing our positions in the short term but we are eying another perfect buying opportunity to prepare for the year-end rally and the expectations for a strong 2024,” he added. Bitcoin’s nexthalving eventis expected in April 2024, when the amount of new Bitcoin issued is cut in half, increasing its scarcity and pushing up the token’s price. Dogecoin led losers in the past 24 hours, followed by Solana, although both posted gains on the week. Dogecoin lost 1.90% to US$0.07491 in the last 24 hours but gained 0.32% on the week. At the same time, Solana dropped 1.44% to US$24.39 while gaining 5.59% in the past seven days. The total crypto market capitalization dropped 0.03% to US$1.17 trillion while market volume gained 47.04% to US$23.76 billion in the past 24 hours. The indexes are proxy measures of the performance of the global NFT market. They are managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella. The mainForkast 500 NFTindex fell 0.48% to 2,479.89 in 24 hours to 7.30 p.m. in Hong Kong, but has gained 0.71% in the past seven days. Forkast’s Ethereum NFT Index, and the indexes measuring the Polygon and Solana NFTs all declined. Total NFT sales volumes gained 1.45% to US$14,492,874 in the past 24 hours, according to data fromCryptoSlam. Sales volumes on Ethereum, the largest NFT network, rose 5.51% to US$9.03 million, while Solana, which was second in CryptoSlam’s NFT rankings by sales volume, dropped 7.89% to US$1.09 million in the last 24 hours. Among NFT collections, Ethereum-based DeGods topped rankings, surging 67.67% in the last 24 hours to US$$948,014. DeGods has launched its “Season 3” digital art collection, which features a more simplistic, pop-art inspired style. Ethereum-based NFT staple Bored Ape Yacht Club ranked third among collections, dropping 11.24% in the past 24 hours to US$671,890. Asian equity markets were mostly down on Monday. China’sShenzhen Component, Hong Kong’sHang Seng, Japan’sNikkei, and South Korea’sKospidropped at the end of trading hours, on investor concern after data showed that new bank loans in Chinafell89% in July compared to June, the lowest since late 2009. “It is a big disappointment, proving the fragile status of the recovery in China,” Kiyong Seong, lead Asia macro strategist at Societe Generale,told Bloomberg. Investors now await China’s national retail sales and industrial output data — set for release Tuesday — for further indicators of potential deflation. India’sSensexindex at the Bombay Stock Exchange gained 0.12% on Monday afterannual retail inflationin the world’s most populous nation jumped to 7.44% in July, higher than market forecasts of6.5%, primarily due to a surge in food prices. U.S. stock futures dropped as of 8.50 p.m. in Hong Kong with the Dow Jones Industrial Average futures, the S&P 500 futures, and the Nasdaq 100 futures all in the red. Friday’s release of the latest producer price index (PPI) data in the U.S. — a key inflation indicator that monitors selling prices received by domestic producers of goods and services — strengthened for July, with the 0.3% gain slightly higher than the 0.2%forecastby analysts. “We’re now starting to see the drag effects on the U.S. economy with households and businesses becoming considerably more prudent. In addition, investors are becoming more and more concerned that additional hikes [in interest rates] could steer the U.S. economy into a major recession,” Nigel Green, the CEO and founder of the deVere investment advisory group, said in emailed comments on Thursday. The Federal Reserve, the U.S. central bank, meets next on Sept. 19 to decide on interest rates and direction of the economy. Currently, interest rates in the world’s largest economy are between 5.25% to 5.50%, the highest in 22 years. European bourses were mixed on Monday, with the benchmark STOXX 600 falling while Germany’s DAX 40 strengthened during afternoon trading hours in Europe. (updates with equities section.)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["In today's hyperconnected world, the flow of money across borders can be either a lifeline or a chokehold for entire nations. For too long, the global financial system has favored the privileged, leaving many countries in the Global South grappling with economic inequality and the political instability that comes with it. Web3 technologies, however, are routing around the incumbents, with new tools for financial inclusion and economic empowerment. It's a story of transformation, where digital currencies like Bitcoin and USDC are bridging gaps and changing lives. Consider this: Wiring money from Nigeria to Ghana takes longer and costs more than physically driving it across borders. Why? Because traditional wire transfers bounce through New York and London before returning to Africa. Innovators like Nigeria’s Dickson Nsofor have recognized the need for a better way. Nsofor's quest began four years ago when he founded Korapay, a Pan-African payment-infrastructure company. He viewed blockchain and cryptocurrencies as media of exchange, not as speculative assets. That insight led him to create a platform that leveraged these Web3 inventions for cross-border payments. Today, Korapay is the largest cross-border business-to-business remitter in Nigeria. It processes billions in payments through Bitcoin, USDC, and other crypto assets while settling transactions in traditional fiat currencies. Most remarkable, many global companies use Korapay's services to exchange Nigerian naira for U.S. dollars without even knowing they're using cryptocurrencies and stablecoins . This shows how innovators like Nsofor are already retooling the engine of traditional finance from the bottom up. Just why are stablecoins like USDC growing so popular in Africa? The answer lies in the broader context of economic disparities, currency instability, and the desire for financial independence. In Nigeria, for example, over 40% of the population is younger than 15. Young people are embracing cryptocurrencies as a means of transcending the limitations of local currencies. With increased mobile internet penetration, freelancers and gig workers can now opt for payment in digital assets that hold their value better than local fiat currencies subject to hyperinflation and market devaluation. In an interview for my new book, Web3: Charting the Internet’s Next Economic and Cultural Frontier, Nsofor told me how every one of his young Nigerian employees would prefer to get paid in USDC, USDT, or even Bitcoin rather than naira because those assets are a better store of value, and in the case of stablecoins, more useful. Story continues This shift toward dollarization —where locals prefer assets like USDC over fiat money—has implications far beyond financial convenience. It represents a seismic shift in economic opportunity: Individuals can work for internet-native organizations anywhere in the world and accumulate wealth in stable digital assets. Whether the dollarization of these economies will be a net positive to the world is unclear. The collapse of local currencies under dollarization could further destabilize fragile governments in volatile regions. The Central Bank of Nigeria, for instance, initially took a hostile stance toward cryptocurrencies, even proposing a ban. While its leaders have recently hinted at creating a regulatory framework for stablecoins and tokens, the consequences of such moves remain uncertain. Last year, the governor of the Bank of Pakistan, Reza Baqir , told an assembly of business and government leaders in Saudi Arabia that his bank was considering a ban on all digital assets over concerns of dollarization. He was worried that the very bank he ran would cede control over money and interest rates, and was willing to take drastic measures. That ban never took effect, and Baqir is no longer in the job. Despite these challenges, the adoption of digital assets marches on. Even the U.N. High Commissioner for Refugees has turned to blockchain technology to distribute digital cash to displaced persons in war-affected regions like Ukraine. This not only protects the funds but highlights the broader appeal of digital assets. The adoption of cryptocurrencies and blockchain technology in Africa and beyond is more than a financial trend: At first, it's a survival strategy, and then it’s a platform for thriving economically. Above all, it’s a testament to human resilience and innovation in the Global South. Let’s recognize Web3’s potential to create a more inclusive and equitable financial future for all. Alex Tapscott is author of Web3: Charting the Internet’s Next Economic and Cultural Frontier . The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune . This story was originally featured on Fortune.com", "In today's hyperconnected world, the flow of money across borders can be either a lifeline or a chokehold for entire nations. For too long, the global financial system has favored the privileged, leaving many countries in the Global South grappling with economic inequality and the political instability that comes with it. Web3 technologies, however, are routing around the incumbents, with new tools for financial inclusion and economic empowerment. It's a story of transformation, where digital currencies like Bitcoin and USDC are bridging gaps and changing lives. Consider this: Wiring money from Nigeria to Ghana takes longer and costs more than physically driving it across borders. Why? Because traditional wire transfers bounce through New York and London before returning to Africa. Innovators like Nigeria’s Dickson Nsofor have recognized the need for a better way. Nsofor's quest began four years ago when he founded Korapay, a Pan-African payment-infrastructure company. He viewed blockchain and cryptocurrencies as media of exchange, not as speculative assets. That insight led him to create a platform that leveraged these Web3 inventions for cross-border payments. Today, Korapay is the largest cross-border business-to-business remitter in Nigeria. It processes billions in payments through Bitcoin, USDC, and other crypto assets while settling transactions in traditional fiat currencies. Most remarkable, many global companies use Korapay's services to exchange Nigerian naira for U.S. dollars without even knowing they're using cryptocurrencies and stablecoins . This shows how innovators like Nsofor are already retooling the engine of traditional finance from the bottom up. Just why are stablecoins like USDC growing so popular in Africa? The answer lies in the broader context of economic disparities, currency instability, and the desire for financial independence. In Nigeria, for example, over 40% of the population is younger than 15. Young people are embracing cryptocurrencies as a means of transcending the limitations of local currencies. With increased mobile internet penetration, freelancers and gig workers can now opt for payment in digital assets that hold their value better than local fiat currencies subject to hyperinflation and market devaluation. In an interview for my new book, Web3: Charting the Internet’s Next Economic and Cultural Frontier, Nsofor told me how every one of his young Nigerian employees would prefer to get paid in USDC, USDT, or even Bitcoin rather than naira because those assets are a better store of value, and in the case of stablecoins, more useful. Story continues This shift toward dollarization —where locals prefer assets like USDC over fiat money—has implications far beyond financial convenience. It represents a seismic shift in economic opportunity: Individuals can work for internet-native organizations anywhere in the world and accumulate wealth in stable digital assets. Whether the dollarization of these economies will be a net positive to the world is unclear. The collapse of local currencies under dollarization could further destabilize fragile governments in volatile regions. The Central Bank of Nigeria, for instance, initially took a hostile stance toward cryptocurrencies, even proposing a ban. While its leaders have recently hinted at creating a regulatory framework for stablecoins and tokens, the consequences of such moves remain uncertain. Last year, the governor of the Bank of Pakistan, Reza Baqir , told an assembly of business and government leaders in Saudi Arabia that his bank was considering a ban on all digital assets over concerns of dollarization. He was worried that the very bank he ran would cede control over money and interest rates, and was willing to take drastic measures. That ban never took effect, and Baqir is no longer in the job. Despite these challenges, the adoption of digital assets marches on. Even the U.N. High Commissioner for Refugees has turned to blockchain technology to distribute digital cash to displaced persons in war-affected regions like Ukraine. This not only protects the funds but highlights the broader appeal of digital assets. The adoption of cryptocurrencies and blockchain technology in Africa and beyond is more than a financial trend: At first, it's a survival strategy, and then it’s a platform for thriving economically. Above all, it’s a testament to human resilience and innovation in the Global South. Let’s recognize Web3’s potential to create a more inclusive and equitable financial future for all. Alex Tapscott is author of Web3: Charting the Internet’s Next Economic and Cultural Frontier . The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune . This story was originally featured on Fortune.com", 'Singapore, Singapore--(Newsfile Corp. - October 8, 2023) - BMTC today announces the release of a proprietary bridge technology enabling the integration of the forex trading software MT4 with the leading digital assets trading platformOKX, making crypto Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-08 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $545,892,283,200 - Hash Rate: 421721209.1887104 - Transaction Count: 242440.0 - Unique Addresses: 557949.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: LAS VEGAS, September 25, 2023 --( BUSINESS WIRE )-- Ault Alliance Inc. (NYSE American: AULT), a diversified holding company (" Ault Alliance " or the " Company ") announced today its plans to execute a strategic corporate alignment of the company and its subsidiaries. To adapt to current market dynamics, Ault Alliance has unveiled its strategic plan to restructure its corporate blueprint. This transformation is meant to emphasize the unique strengths and individual growth paths of each subsidiary’s operations. The new structure focuses on three central subsidiaries being Circle 8 Crane Services LLC (" Circle 8 "), Sentinum Inc. (" Sentinum "), and Ault Venture Group. This realignment permits specialized management and resource allocation to each individual subsidiary while preserving the adaptability for possible separations into standalone entities in response to future market dynamics. Circle 8 will continue to focus its attention on supplying premier crane and heavy machinery rental services. Circle 8 is focused on the energy sector and serve a diverse client base in the South Central U.S. Sentinum is positioned to address the surging demand for data center infrastructure to provide colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. With its existing facilities along with its planned buildout of its Montana and Texas sites, Sentinum is well-positioned to deliver top of the line data center solutions. The Company’s Bitcoin mining operations are hosted by Sentinum with 14,599 S19j Pro Antminers and 4,628 S19 XP Antminers in operation. Ault Venture Group will house all other subsidiaries and ventures and serve as the investment cornerstone of Ault Alliance. Notably, Ault Venture Group will house Ault Lending, Ault Global Real Estate Equities, and Ault Alliance’s ownership of other public companies such as The Singing Machine Company, Inc, and BitNile Metaverse, Inc. Story continues After this strategic restructuring, the Company will embark on an extensive assessment of its existing assets and investments to determine potential strategic dispositions. The Company has already begun certain strategic dispositions including the distribution of securities of Imperalis Holding Corp. (OTC: IMHC), d/b/a TurnOnGreen, Inc., the listing for sale of its Midwest hotel portfolio and the upcoming listing of its St. Petersburg, FL multifamily development project. Milton "Todd" Ault III, Executive Chairman of Ault Alliance, shared his thoughts on the Company and this restructuring, stating, "We firmly believe that the current market value of the Company significantly undervalues its true worth. Based on our internal evaluation, we believe the stock price does not reflect the full value and potential the Company holds." The Company plans to use this restructuring as an opportunity to not only evaluate its existing assets, but to focus on fine tuning operations, pushing for efficiency throughout the organization, and strategically position each subsidiary to properly capitalize on their unique growth plans. For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov . About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com . Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20230925683319/en/ Contacts Ault Alliance Investor Contact: [email protected] or 1-888-753-2235... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Cryptocurrency prices buckled Monday alongside modest declines in global equity markets and rising oil prices on renewed Middle East turmoil. Bitcoin [BTC] dropped 1.7% over the past 24 hours to $27,500, outperforming most digital assets as crypto investment services firm Matrixport touted the largest crypto asset as "better than digital gold." Bitcoin late Friday and over the weekend seemed primed to challenge a two-month high above $28,400, but was unable to move above $28,200 before sellers finally took over early this morning. The broad CoinDesk Market Index (CMI) was lower by 2%. Ether [ETH] suffered a 2.5% decline as – in addition to macro jitters – the Ethereum Foundation sold $2.7M of tokens on UniSwap. The second largest cryptocurrency by market capitalization extended its losing streak against BTC, dropping to a fresh 15-month low relative to bitcoin. Losses were larger among other altcoins. Ripple Labs-adjacent token [XRP], solana [SOL], Polygon\'s native token [MATIC], Avalanche\'s [AVAX] and popular meme token dogecoin [DOGE] are all lower by 4%-5% over the past 24 hours. Hamas attack on Israel shakes markets The Israel-Hamas conflict extended to its third day on Monday. Fears of the conflict spilling over to neighboring states, such as Iran, seemed to impact oil prices as traders opined it could disrupt supply. “There could be “a pretty dramatic effect on the oil market” should the U.S. enforce sanctions on Iranian exports, Josh Young, chief investment officer of energy investment firm Bison Interests told CNBC . “I think it’s appropriate to see oil, let’s say, [up] about $5 for WTI.” WTI crude oil rose near 3.5% since Sunday to $86.54 per barrel, MarketWatch data shows, extending three-month gains to 16%. Equity markets in Asia closed the day in red and while Europe and U.S. stocks are lower as well, the losses are rather modest with the Stoxx 600 off just 0.25% and the S&P 500 down 0.6%.', 'A bitcoin miner in Washington County is reporting record production as it works to build a 150-megawatt expansion to its facility.\n“We had our best quarter and best fiscal year ever,” said CleanSpark CEO Zach Bradford.\nThe company mined 6,903 bitcoin during its fiscal year, representing the period Oct. 1, 2022, to Sept. 30. CleanSpark sold 80 bitcoin in September at an average of about $26,800 per bitcoin, totaling about $2.2 million.\nBitcoin is the world\'s largest and most popular cryptocurrency, which is a digital currency created by using encryption algorithms. Bitcoins are created, traded and stored in a blockchain, which is a sort of digital transaction ledger.\nTo earn new bitcoins, data validators called "miners" must perform extremely complex math calculations by producing the right multidigit hexadecimal number. When the puzzle is solved, a bitcoin is produced, and another math problem is tackled.\nBitcoin badness:Here\'s how scammers used bitcoin to chisel a Columbia County resident out of $27,500\nCleanSpark also offered an update on its Sandersville expansion. The steel structure and roof for Building 1 are complete and the indoor switchgear – such as fuses and other power conductors – is in place. Structures for Buildings 2 and 3 are in progress, and indoor switchgear has been installed in Building 2.\n"The remaining seven mining buildings are in various stages of construction, from underground conduit installations to slab concrete for the structures and transformers," CleanSpark said in a statement. "No serious delays have been reported and site construction remains on track for year-end completion."\nCleanSpark, which also runs three other Georgia bitcoin mines in Washington, Norcross and College Park, acquired the Sandersville site in October 2022.\nThis article originally appeared on Augusta Chronicle:Cryptocurrency miners are still striking bitcoin near Sandersville', 'A bitcoin miner in Washington County is reporting record production as it works to build a 150-megawatt expansion to its facility.\n“We had our best quarter and best fiscal year ever,” said CleanSpark CEO Zach Bradford.\nThe company mined 6,903 bitcoin during its fiscal year, representing the period Oct. 1, 2022, to Sept. 30. CleanSpark sold 80 bitcoin in September at an average of about $26,800 per bitcoin, totaling about $2.2 million.\nBitcoin is the world\'s largest and most popular cryptocurrency, which is a digital currency created by using encryption algorithms. Bitcoins are created, traded and stored in a blockchain, which is a sort of digital transaction ledger.\nTo earn new bitcoins, data validators called "miners" must perform extremely complex math calculations by producing the right multidigit hexadecimal number. When the puzzle is solved, a bitcoin is produced, and another math problem is tackled.\nBitcoin badness:Here\'s how scammers used bitcoin to chisel a Columbia County resident out of $27,500\nCleanSpark also offered an update on its Sandersville expansion. The steel structure and roof for Building 1 are complete and the indoor switchgear – such as fuses and other power conductors – is in place. Structures for Buildings 2 and 3 are in progress, and indoor switchgear has been installed in Building 2.\n"The remaining seven mining buildings are in various stages of construction, from underground conduit installations to slab concrete for the structures and transformers," CleanSpark said in a statement. "No serious delays have been reported and site construction remains on track for year-end completion."\nCleanSpark, which also runs three other Georgia bitcoin mines in Washington, Norcross and College Park, acquired the Sandersville site in October 2022.\nThis article originally appeared on Augusta Chronicle:Cryptocurrency miners are still striking bitcoin near Sandersville', '“We recognise the potential of DLT and Web 3.0 to become the future of finance and commerce, and under proper regulation they are expected to enhance efficiency and transparency” — so said Mr. Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury in October 2022, to announce the territory’s policy statement on the development of virtual assets. Following a path of strategic breadcrumbs through the years leads us right to where Hong Kong finds itself today: well along in its audacious mission to become the epicenter of crypto and Web3 innovation. I’m sure Mr. Hui could never have anticipated the true weight of those words and the level of innovation that would take place in the past year. Hong Kong now supports retail investors trading on licensed crypto exchanges, there are discussions around a regulatory structure for stablecoins, and a dedicated Web3 development task force is up and running. Most importantly, perhaps, founders and developers have clarity on where they can and should focus their efforts. Sensible regulation is now playing its rightful role as a driver of innovation while authorities are cracking down on those operating outside the rules. JPEX, which Hong Kong police allege defrauded investors of HK$1.5 billion , or about US$192 million (at the time of writing), stands as a perfect, timely example. Several arrests and vast seizures clearly show Hong Kong’s strong response. Asia’s role in blockchain development Historically, Asia has long played a leading role in the development of blockchain technology and the digital assets sector as a confluence of factors — including densely populated cities and an increasingly tech-savvy population — spurred demand for more efficient ways to complete financial transactions. Indeed, Asia quickly became a testing ground for financial institutions seeking to test innovations such as blockchain-based letters of credit for commodity shipments. However, blanket approaches to regulation slowed this progress to the point where a large gap in the market presented itself. The West was only too ready to fill this gap, leading to the rise of Western crypto players who, for many outside the blockchain sector, have become synonymous with the industry as a whole. The tide ebbs and flows, as do the forces within the industry. Recent regulatory developments in Western countries, in particular the United States, have sparked a migration of attention , again turning Asia into an attractive investment hub for crypto. A new dawn in Asia Building on its rich financial heritage, Hong Kong is seizing the opportunity. Though late to Web3, Hong Kong is now rapidly catching up and cementing itself as a crypto hub in its own right, attracting investment and employment as it recovers from the impact of Covid-19. In a proactive stance, the Hong Kong government has embarked on an extensive drive for industry development, not only addressing policy considerations but also enacting suitable legislative measures, underscoring a deep commitment to nurture a thriving landscape in which Web3 and crypto enterprises can flourish within a well-defined regulatory framework. Story continues The dominant narrative emanating from the West would lead one to believe that regulating the “Wild West” of crypto is an insurmountable endeavor. Hong Kong regulators, and indeed regulators across Asia, are proving otherwise. The numbers bolster the narrative. Many projects have launched their operations in the city, attracted by regulatory clarity and other factors such as a highly educated and skilled workforce. Hong Kong’s Cyberport, for example, which is managed by the Government and financially supports Web3 companies through its Financial Budget, has already attracted over 190 Web3 firms . Hong Kong’s regulatory drive The digital assets industry is forecast to generate almost US$15 billion annually by 2027 in Asia alone. Recognizing the industry’s vast potential, Hong Kong launched its virtual asset trading platform (VATP) licensing framework this June, outlining clear regulations for exchange operations under the oversight of the Securities and Futures Commission (SFC). As the industry feels the reve Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-09 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $544,158,244,050 - Hash Rate: 444516950.225938 - Transaction Count: 283648.0 - Unique Addresses: 599404.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: FangXiaNuo / Getty Images The surging popularity of artificial intelligence (or large language models), notably ChatGPT, has been helping people be more efficient at work , among other functions. But what about investing? NewsBTC recently conducted an experiment, giving the AI tool $20,000 to invest in stocks and crypto. The results were surprising. I’m a Self-Made Millionaire: Here Are 5 Stocks I’m Never Selling Also: 3 Things You Must Do When Your Savings Reach $50,000 In the end, $1,946 profit was made after following ChatGPT’s advice for a month, with crypto investments making 130% more than stocks and Rivian and Solana having the highest return on investment (ROI). Crypto investments earned $1,359 and stocks returned $587, according to the experiment. NewsBTC said that after a little bit of training, ChatGPT suggested exactly how much of the budget to invest in each stock and coin. Jonathan Millet, business consultant at NewsBTC , said that while he was fully aware of Solana’s strong community backing and the widespread trust in its stability, he didn’t anticipate that its increased profits would be more than double the ROI of Bitcoin. In terms of stocks, he said it was interesting that Rivian saw the greatest ROI overall — despite ChatGPT recommending investing the least in this stock. What he was surprised most by, though, was a particular stock missing from ChatGPT’s investment suggestions: Meta, which recently released Twitter’s competitor, Threads. “It was released at the perfect time, after news that Twitter was limiting the number of Tweets its users could see. This isn’t one of the stocks ChatGPT suggested investing in, despite Threads’ rapid user growth and positive impact on Meta’s stock price. Had ChatGPT recommended investing $1,000 in Meta, this value would have risen to $1,100 by the study’s close — a greater ROI than Apple or Amazon,” Millet said. Another “hiccup” was one of the stocks ChatGPT suggested — Waymo. Waymo is not publicly traded, something some experts think proves ChatGPT is still in its infancy… and not entirely trustworthy when it comes to investing advice. Story continues “ChatGPT isn’t going to make you rich by picking stocks. ChatGPT might be useful for summarizing evergreen investing techniques or the different styles of investments,” said Todd Stearn, founder and CEO of The Money Manual . “Let’s use common sense. Do you really think a free tool, or even the $20 a month version, is going to do all the work for you to make you wealthy? ChatGPT is a tool. Get skilled using it. But it’s still up to you to make the right financial decisions.” Other stocks suggested by ChatGPT were rather expected: Apple, Amazon, Alphabet, Microsoft, Nvidia and Tesla. The worst-performing suggested stock was Pfizer, which fell upon news of a cancelled obesity and type 2 diabetes drug. As for cryptocurrency, NewsBTC said ChatGPT offered an initial list of coins, and when asked how much to invest in each it gave a general strategy for investing in cryptocurrency. According to ChatGPT, 40%-50% should be invested in Bitcoin and Ethereum combined, and 10%-20% invested in other prominent coins. In the end, NewsBTC decided to put 20% into Bitcoin, 20% into Ethereum and 10% for the remaining coins (including Ripple, Cardano and others). Bob Baxley, a core contributor to Maverick Protocol , said while it’s unsurprising that people are utilizing ChatGPT for designing and implementing investing and trading strategies for both equities and crypto, we’re still in the early stages. “So of course it will take time and development for these emerging technologies to reach a level in which implementing such strategies can be considered reliable and safe,” said Baxley. “But there are certainly signs that AI can be compatible with crypto, in particular, in a potentially large number of ways.” For instance, Baxley said, in the coming years we will see a number of crypto-specific platforms that increasingly utilize algorithms — and machine learning in general — for tailoring trading and investing strategies. While it will take time for these technologies to become sophisticated enough to accurately reflect the associated risk appetite for any given trader and investor, automating such strategies will likely make investing much more efficient — and easier — for people and organizations, he added. Grant Cardone Says Passive Income Is the Key To Building Wealth: Here’s His No. 1 Way To Get It Money Expert Jaspreet Singh: Get Rich Through These 3 Investments “Again, while the fusion of these technologies in the investing space offers a lot of great potential, people should be cautious,” Baxley said. Overall, NewsBTC concluded that, “Alongside providing often unreliable advice, a lack of real-time data visibility is one of the biggest flaws in relying on AI models like ChatGPT for investment guidance.” More From GOBankingRates The Average American Spends This Much on Rent -- See How You Stack Up The Financial Feng Shui Rule: 7 Chinese Secrets to Attract Wealth 3 Things You Must Do When Your Savings Reach $50,000 Experts Share the 5 Best Money Moves To Make Before Retiring This article originally appeared on GOBankingRates.com : ChatGPT Was Given $20K To Invest in Stocks and Crypto — Here’s How It Made $2,000 in a Month... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• US stocks jumped on Monday and bond ETFs surged after a safety trade was sparked by Hamas attacking Israel.\n• Oil prices, energy stocks, and defense stocks surged in the aftermath of the Middle East conflict.\n• Comments from Federal Reserve members also signaled that further interest rate hikes may not be necessary.\nUS stocks jumped on Monday after a safety trade was sparked byHamas attacking Israel over the weekend.\nThe bond market was closed on Monday, but Treasury yields look set to decline on Tuesday based on the price action of bond ETFs and futures contracts tied to the Treasury note. Traders expect a 14-basis-point decline in the 10-year yield, according to futures data from the CME.\nRecent comments from Federal Reserve members also leaned dovish as they acknowledged the recent surge in long-term bond yields and suggested that further interest rate hikes may not be necessary.\nFed Vice Chair Philip Jefferson said in a speech to the National Association for Business Economics in Dallas on Monday that the Fed is "in a position to proceed carefully in assessing the extent of any additional policy firming that may be necessary."\n"I would want the public to know that we\'re going to be mindful, whatever is happening, and we will use data in real time to pick an appropriate response," Jefferson said.\nFed officials Mary Daly and Lorie Logan also recently acknowledged that the recent surge in yields could limit future rate hikes.\nHere\'s where US indexes stood shortly at the 4:00 p.m. closing bell on Monday:\n• S&P 500:4,335.66, up 0.63%\n• Dow Jones Industrial Average:33,604.65, up 0.59% (197.07 points)\n• Nasdaq Composite:13,484.24, up 0.39%\nHere\'s what else is going on today:\n• Israel\'s currency weakened to a seven-year low against the dollaron Monday, and the Bank of Israel announced it would sell up to $30 billion in foreign reserves.\n• Here\'s what six Wall Street experts had to sayabout the breakout of war between Israel and Hamas and its potential impact markets going forward.\n• The\xa0ongoing Treasury rout\xa0ranks as the deepest bond bear market in the 247-year historyof the US, according to Bank of America.\n• Defense stocks surged on Monday, with the share price of Northrop Grumman jumping as much as 12%. Meanwhile, General Dynamic and Lockheed Martin stock jumped 9% and 8%.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 4.32% to $86.37 a barrel.Brent crude, the international benchmark, gained 4.20% to $88.13 a barrel.\n• Goldjumped 1.70% to $1,876.60 per ounce.\n• The bond market was closed on Monday. The 10-year Treasury yield closed at 4.80% on Friday and was indicated to decline 14 basis points based on futures contracts.\n• Bitcoinfell 1.00% to $27,653.\nRead the original article onBusiness Insider', 'Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020. Andrew Kelly/Reuters US stocks jumped on Monday and bond ETFs surged after a safety trade was sparked by Hamas attacking Israel. Oil prices, energy stocks, and defense stocks surged in the aftermath of the Middle East conflict. Comments from Federal Reserve members also signaled that further interest rate hikes may not be necessary. US stocks jumped on Monday after a safety trade was sparked by Hamas attacking Israel over the weekend. The bond market was closed on Monday, but Treasury yields look set to decline on Tuesday based on the price action of bond ETFs and futures contracts tied to the Treasury note. Traders expect a 14-basis-point decline in the 10-year yield, according to futures data from the CME. Recent comments from Federal Reserve members also leaned dovish as they acknowledged the recent surge in long-term bond yields and suggested that further interest rate hikes may not be necessary. Fed Vice Chair Philip Jefferson said in a speech to the National Association for Business Economics in Dallas on Monday that the Fed is "in a position to proceed carefully in assessing the extent of any additional policy firming that may be necessary." "I would want the public to know that we\'re going to be mindful, whatever is happening, and we will use data in real time to pick an appropriate response," Jefferson said. Fed officials Mary Daly and Lorie Logan also recently acknowledged that the recent surge in yields could limit future rate hikes. Here\'s where US indexes stood shortly at the 4:00 p.m. closing bell on Monday: S&P 500 : 4,335.66, up 0.63% Dow Jones Industrial Average : 33,604.65, up 0.59% (197.07 points) Nasdaq Composite : 13,484.24, up 0.39% Here\'s what else is going on today: Israel\'s currency weakened to a seven-year low against the dollar on Monday, and the Bank of Israel announced it would sell up to $30 billion in foreign reserves. Here\'s what six Wall Street experts had to say about the breakout of war between Israel and Hamas and its potential impact markets going forward. The\xa0ongoing Treasury rout\xa0ranks as the deepest bond bear market in the 247-year history of the US, according to Bank of America. Defense stocks surged on Monday , with the share price of Northrop Grumman jumping as much as 12%. Meanwhile, General Dynamic and Lockheed Martin stock jumped 9% and 8%. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 4.32% to $86.37 a barrel. Brent crude , the international benchmark, gained 4.20% to $88.13 a barrel. Gold jumped 1.70% to $1,876.60 per ounce. The bond market was closed on Monday. The 10-year Treasury yield closed at 4.80% on Friday and was indicated to decline 14 basis points based on futures contracts. Bitcoin fell 1.00% to $27,653. Read the original article on Business Insider', 'This news release constitutes a "designated news release" for the purposes of the Company\'s amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - October 10, 2023) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE") is pleased to provide an update on its HPC and AI infrastructure projects. Figure 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5335/183425_27d3e08384371927_001full.jpg The Company is converting its 38,000 Nvidia data center GPU cards ("GPUs"), previously used to mine Ethereum and other cryptocurrencies, into an on-demand GPU cloud service. HIVE President and CEO Aydin Kilic stated, "We\'re on track to have 3,200 GPUs, mostly powerful Nvidia A40s, up and running in the AI/HPC space by the end of October." Mr. Kilic continued, "GPU cloud is far more complex than mining Bitcoin with ASICs. It took us a few months to get the right hardware architecture in placeand we\'ve had a breakthrough in the last week. Our GPU server utilization rate has gone from 40-50% during our test phase to over 80% last week as our commercialization ramps up, allowing those GPUs to almost double their daily cash flow per server. The team has done an amazing job, and we\'re rapidly learning and advancing this business. We\'re quite bullish on the GPU cloud market, which we see as one of those rare opportunities which only come along every few decades. The demand is growing quickly." HIVE\'s HPC and AI business is currently generating 15x more revenue than Bitcoin on a per-megawatt basis, and demand for GPU compute is growing rapidly. HIVE Executive Chairman Frank Holmes stated, "A recent report by Goldman Sachs suggests huge demand, as shown in the chart below. Fortune Business Insights has predicted that the GPU as a service market in North America will grow at a compounded annual growth rate of 34% until 2030. This is a blue-sky opportunity, thanks to remarkable demand from AI projects. For example, we think large language models, the tech behind ChatGPT, is just getting started. We think there\'s a use for them in almost every company, and these things require a lot of GPU power to build and run." Story continues Figure 2 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5335/183425_27d3e08384371927_002full.jpg HIVE leadership believes that GPU cloud will be an excellent complement to the Company\'s Bitcoin mining business. Revenue from our GPU infrastructure is growing quickly and should offer a stable source of cash flow to the business once it reaches scale. The Company is initially targeting two of the largest markets in the world, North America (via Canada) and Europe (via Sweden). Mr. Holmes said, "Our foundation in HPC and AI infrastructure is now secured in both North America and the Europe. Our GPUs are installed in powerful new SuperMicro servers in Tier 3 data centers. We realized a successful beta-test earlier this year with 400 GPUs, and our goal for the end of the year is 4,800 GPUs active by December 31." Mr. Holmes continued, "When we made the $66 million GPU purchase from Nvidia in 2021, we were planning beyond the Ethereum Merge. We strategically bought multi-use Nvidia cards instead of Ethereum-specific ones which are slightly more efficient. Why? Because these GPUs are hundreds, even thousands of times faster and more efficient than CPUs for certain workloads, including these new AI technologies. We\'re excited to build this business." One of HIVE\'s new Supermicro servers with 10x Nvidia A40 48 GB VRAM GPU To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5335/183425_27d3e08384371927_003full.jpg For more information and to register to HIVE\'s mailing list, please visit www.HIVEdigitaltechnologies.com . Follow @HIVEDigitalTech on Twitter and subscribe to HIVE\'s YouTube channel . On Behalf of HIVE Digital Technologies Ltd. "Frank Holmes" Executive Chairman For further information please contact: Frank Holmes [email protected] Forward-Looking Information Except for th Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-10 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $534,563,040,000 - Hash Rate: 461613756.0038587 - Transaction Count: 285060.0 - Unique Addresses: 629505.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin ( BTC ) pulled back from yesterday’s high above $28,000 on Wednesday as investors mulled the implications of Grayscale’s court victory over the U.S. Securities and Exchange Commission (SEC). The largest cryptocurrency by market cap was down 2% over the past 24 hours to $27,240. Ether ( ETH ) slightly outperformed, sinking 1.7% in the past 24 hours and hovering just above $1,700.. The broader crypto market mirrored the two leading assets’ move, with the CoinDesk Market Index dipping 2.4%. Cardano’s ADA , Solana’s SOL and Polygon’s MATIC led the decline among major altcoins, falling near 4% during the day and erasing most of their Tuesday advance. A federal appeals court yesterday ordered the SEC to review its rejection of investment manager Grayscale’s bid to convert its $14 billion Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF), spurring an immediate rally in digital asset prices and crypto-related stocks. Market observers hailed the decision as a landmark win that could potentially pave the way for a spot BTC ETF in the future. During the summer, a flurry of investment firms applied or renewed their bid to list such a product, including traditional finance giant BlackRock. Still, yesterday’s ruling does not automatically guarantee an approval of Grayscale’s or any other firm’s application. How sustainable is the BTC rally? While it’s too early to tell how sustainable Tuesday’s price jump was, “there are some small signs that we could see a slight reversal,” Clara Medalie, director of research at Kaiko, said in an interview with CoinDeskTV. Notably, the rally was accompanied by modest trading volumes on exchanges relative to other “mini bull markets,” spiking only to a two-week high, Medalie said. Trading volume represents market participants’ engagement in the market, she explained, thus the lackluster volume figure could signal some weakness behind the move. However, average BTC buy orders jumped to the highest since June, suggesting activity from large investors, which Medalie evaluated as “good news.” “A wave of ETF approvals could definitely be the bullish catalyst the crypto market needs right now,” she said, adding that “we are still in the middle of a tumultuous period for the industry with quite a few bankruptcies and lawsuits ongoing.” Market analyst Garreth Soloway forecasted further downside for bitcoin’s price in case it fails to break decisively above the $28,000 level where it traded before mid-August sell-off. “$28,000 is the price level at which the BTC price broke down. It is not uncommon for price to retrace to that level after a correction,” he explained in an emailed note. “BTC is still most likely to break down from the current levels, and the longer BTC trades sideways, the further the probable price decline.” The support level to watch is around $25,000, the price at which bitcoin sat in mid-June when Blackrock filed for a spot BTC ETF, Soloway added. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Non-fungible tokens (NFTs) took the world by storm in 2021 withbuyers spending millions of dollars on digital collectiblesin the art, entertainment, music and sports industries. As NFTs grew in popularity, the space gained the attention of celebrities like Logan Paul, Justin Bieber and Serena Williams, catapulting digital collectibles into the mainstream. We saw a new generation of collectors, investors, and fans move away from collecting physical items like baseball cards or Beanie Babies to spending more than a million dollars on a single Bored Ape.\nIn January 2022, NFTs were experiencing an all-time high trading volume ofUS$5.8 billion. But, in just a few short months, the market would come to a screeching halt. After the collapse of Terra USD and Luna, Bitcoin’s price nose dive, and the industry-shaking meltdown of FTX, the NFT market became one of the many victims of the “Crypto Winter,” with the trading volume plummeting toUS$395 million in August, a 30-month low, and traders are bracing for a furtherdip this month. This drastic decline is having artists, collectors and traders wondering if the industry is dying for good.\nWhile it’s true that picture-for-profile (PFP) NFTs are not booming, the value of NFTs has evolved to transcend price, and their uses are expanding far beyond a static image in someone’s wallet.\nNFTs have the ability totokenize real-world assetsand can offer exclusive physical and digital experiences for holders. We’re already seeing this concept of tokenization play out at scale.\nEarlier this year, the European Commission released itsStrategy for Sustainable and Circular Textiles, a new and innovative solution “to frame the future of Europe’s textiles and fashion industry with Digital Product Passports.” Digital product passports will be utilized as a tool to share details regarding the product’s environmental sustainability, including data on the product’s composition and environmental impact. By putting this measure in place, the industry will be able to better understand global sustainability goals and bolster clarity for consumers while advocating for environmentally conscious choices. This form of digital assets — while it’s not a traditional NFT — is where the future is headed.\nAs the business landscape of digital assets continues to expand from traditional use cases for NFTs to the tokenization of real-world assets, mainstream and luxury brands are also taking advantage of this technology. NFTs offer brands a new way to engage with consumers and provide additional real-world benefits, rewards, and experiences. ASICS, a renowned athletic shoe brand, launched a large-scale brandloyalty programon the Solana blockchain, leveraging NFT technology to excite and energize the company’s core audience.Nike,Doritosand hundreds of other brands are finding ways to leverage Web3 and NFT technology to appeal to a new generation of consumers driven not by speculation but utility.\nIn a rapidly evolving digital landscape, picture-for-profile NFTs still have a place, but they are not going to be the product driving mainstream adoption of Web3. Public financial interest in NFTs as we used to know them has slowed down, but the desire and creativity from brands to leverage digital assets is increasing. Loyalty programs, exclusive experience, digital content and rewards, our own digital identity and data ownership will define the next generation of NFTs and might actually be the killer use case that onboards the next billion people to Web3.', 'Non-fungible tokens ( NFTs ) took the world by storm in 2021 with buyers spending millions of dollars on digital collectibles in the art, entertainment, music and sports industries. As NFTs grew in popularity, the space gained the attention of celebrities like Logan Paul, Justin Bieber and Serena Williams, catapulting digital collectibles into the mainstream. We saw a new generation of collectors, investors, and fans move away from collecting physical items like baseball cards or Beanie Babies to spending more than a million dollars on a single Bored Ape. In January 2022, NFTs were experiencing an all-time high trading volume of US$5.8 billion . But, in just a few short months, the market would come to a screeching halt. After the collapse of Terra USD and Luna, Bitcoin’s price nose dive, and the industry-shaking meltdown of FTX, the NFT market became one of the many victims of the “Crypto Winter,” with the trading volume plummeting to US$395 million in August, a 30-month low , and traders are bracing for a further dip this month . This drastic decline is having artists, collectors and traders wondering if the industry is dying for good. While it’s true that picture-for-profile (PFP) NFTs are not booming, the value of NFTs has evolved to transcend price, and their uses are expanding far beyond a static image in someone’s wallet. NFTs have the ability to tokenize real-world assets and can offer exclusive physical and digital experiences for holders. We’re already seeing this concept of tokenization play out at scale. Earlier this year, the European Commission released its Strategy for Sustainable and Circular Textiles , a new and innovative solution “to frame the future of Europe’s textiles and fashion industry with Digital Product Passports.” Digital product passports will be utilized as a tool to share details regarding the product’s environmental sustainability, including data on the product’s composition and environmental impact. By putting this measure in place, the industry will be able to better understand global sustainability goals and bolster clarity for consumers while advocating for environmentally conscious choices. This form of digital assets — while it’s not a traditional NFT — is where the future is headed. As the business landscape of digital assets continues to expand from traditional use cases for NFTs to the tokenization of real-world assets, mainstream and luxury brands are also taking advantage of this technology. NFTs offer brands a new way to engage with consumers and provide additional real-world benefits, rewards, and experiences. ASICS, a renowned athletic shoe brand, launched a large-scale brand loyalty program on the Solana blockchain, leveraging NFT technology to excite and energize the company’s core audience. Nike , Doritos and hundreds of other brands are finding ways to leverage Web3 and NFT technology to appeal to a new generation of consumers driven not by speculation but utility. In a rapidly evolving digital landscape, picture-for-profile NFTs still have a place, but they are not going to be the product driving mainstream adoption of Web3. Public financial interest in NFTs as we used to know them has slowed down, but the desire and creativity from brands to leverage digital assets is increasing. Loyalty programs, exclusive experience, digital content and rewards, our own digital identity and data ownership will define the next generation of NFTs and might actually be the killer use case that onboards the next billion people to Web3.', 'REUTERS/Brendan McDermid US stocks climbed on Tuesday, with the Dow jumping more than 130 points. Bond yields tumbled after Fed officials hinted that the end of rate hikes may be near. The US 10-year Treasury dropped 13 basis points to hover at 4.651%. US stocks climbed Tuesday, while bond yields dropped following comments from key Fed officials that hinted at the end of rate hikes . Investors also continue to monitor developments in the Israel-Hamas conflict. Turmoil in the bond market, which is coming off one of its worst sell-offs in history, showed signs of easing on Tuesday, with both Atlanta Fed President Raphael Bostic and Dallas Fed President Lorie Logan pointing to a potential pause in rate hikes on the horizon The 10-year Treasury yield fell 13 basis points to 4.651%. "I actually don\'t think we need to increase rates any more," Bostic said during an interview with the American Bankers Association. "I think we are at a good place in that regard." Finding a "new equilibrium" for rates will be the next step following years of easy money, he added. Logan, meanwhile, noted that high bond yields may do the trick as far as cooling down the economy. "Higher term premiums result in higher term interest rates for the same setting of the fed funds rate, all else equal," she said in Dallas, during the National Association for Business Economics meeting. "Thus, if term premiums rise, they could do some of the work of cooling the economy for us, leaving less need for additional monetary policy tightening to achieve the FOMC\'s objectives." Here\'s where US indexes stood as the market closed at 4:00 p.m. on Tuesday: S&P 500 : 4,358.24, up 0.52% Dow Jones Industrial Average : 33,739.30, up 0.4% (+134.65 points) Nasdaq Composite : 13,562.84, up 0.58% Here\'s what else is going on: A trade group cautioned that the housing market will drag the economy into a hard landing unless the Fed takes certain "simple steps." Billionaire investor Paul Tudor Jones warned on stocks as Israel-Hamas conflict raises risks. Inflation could come roaring back and markets should be concerned , Deutsche Bank said. Argentine peso hit a record low, and Milei said "it can\'t be worth excrement." Fundstrat said stocks are bottoming and the market is approaching a perfect buying opportunity . Home prices have soared so much that 98 of the 100 biggest US cities are overvalued relative to historical levels. The IMF warned of bond market risks amid fears of a Silicon Valley Bank repeat . Jim Rogers rang the alarm on US debt and warned of bubbles in stocks and real estate. RBC says the yuan has a paltry share of reserves, so the dollar isn\'t going anywhere . Story continues In commodities, bonds, and crypto: Oil prices dropped, with West Texas Intermediate down 0.65% to $85.90 a barrel. Brent crude , the international benchmark, moved lower 0.65% to $87.58 a barrel. Gold edged higher 0.49% to $1,873.40 per ounce. The 10-y Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-11 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $528,594,420,544 - Hash Rate: 455914820.74455184 - Transaction Count: 264600.0 - Unique Addresses: 607097.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Faruk Fatih Özer, the founder of the collapsed Turkish crypto exchange Thodex, his sister Serap Özer and his brother Güven Özer have been sentenced to 11,196 years, 10 months and 15 days in prison, according to local media. A judicial fine of 135 million liras ($5 million approx.) was also imposed. Thodex was one of Turkey's largest crypto exchanges before it suddenly went offline in April 2021 and Özer went missing. Over 400,000 members were left in the dark without access to deposits of $2 billion in cryptocurrencies. Özer had fled to Albania but was arrested in August 2022 after an Interpol red notice against him. By April 2023, Özer was extradited to Turkey, and detained by police upon arrival on seven charges, including establishing and managing an organization with the purpose of committing a crime, being a member of an organization, fraud by using information systems as a tool of banks or credit institutions, fraud of merchants or company executives and cooperative managers, and laundering the value of assets resulting from crime. When the case came to light, Özer's brother, sister and four other senior employees were jailed and at least 83 people were detained as part of the investigation. The eventual trial saw 21 defendants facing up to 40,564 years in prison. The Anatolian 9th Heavy Penal Court announced the verdict on Thursday, acquitting 16 of the 21 defendants and releasing four of the seven jailed due to a lack of evidence. Other defendants were given varying degrees of imprisonment for various crimes. The collapse of Thodex created a stir in Turkey where crypto has been used as a hedge against sky-high inflation and the steep devaluation of the lira . Read More: Bitcoin Dreams Are Coming True in Argentina and Turkey View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The Hamas terrorist organization and its affiliates have received millions in cryptocurrency donations, according to areportby the Wall Street Journal based on data from forensics firm Elliptic and Tel Aviv software company BitOK.\nPalestinian Islamic Jihad received $93 million in crypto between August 2021 and June 2023, Elliptic said. Hamas received about $41 million in the same timeframe, the report read.\nCrypto is often seen as a subterfuge financing method for groups and nations cut from the U.S. controlled global financial system. North Korean hackers, for instance, havegained millions of dollarsin crypto from hacking various protocols and projects. Because of the privacy-preserving nature of many cryptocurrencies, these flows of funds are hard to track, raising anxiety among government agencies.“\n"This is not an easy task,” Israeli Defense Minister Yoav Gallant told the WSJ.\nCoinDeskreportedthis June that Hamas’ militant wing, Izz ad-Din al-Qassam Brigades, had received up to $100,000 in bitcoin (BTC) since the beginning of 2021 – with a spike in donations in May, when Israel and Hamas exchanged rocket attacks. Binance was at the center of the transactions, according to data from three blockchain analytics firms and CoinDesk’s analysis.\nStill, crypto is not the main source of money for Hamas and affiliated groups such as Palestinian Islamic Jihad and Hezbollah, based in Lebanon. Iran is by far the largest funding source, to the tune of $100 million a year, according to the U.S. government.\n“Crypto is a very small part of Hamas’ fundraising strategy. It’s mostly state-sponsored,” Ari Redbord, head of legal and government affairs of blockchain intelligence firm TRM Labs, told CoinDesk. “There’s a focus on it because you are trying to cut off financing by any means. But it’s a relatively small part of the picture.”', 'Bryan R Smith Stocks inched higher Wednesday as investors read through the latest Fed minutes. Central bankers remained mostly hawkish on their approach to inflation at the last policy meeting. Investors are eyeing the September CPI report due out on Thursday morning. US stocks rose on Wednesday as investors digested the latest minutes of September\'s Federal Reserve meeting and looked ahead for the September Consumer Price Index report, which is set to roll out Thursday morning. Major indexes ended the day mostly flat, though the S&P 500 and Nasdaq Composite finished slightly in the green. Central bankers signaled that they would continue to remain cautious on inflation at their last policy meeting, per the latest minutes. Though they acknowledged inflation expectations remain "well anchored," prices are still well-above the Fed\'s 2% target, having accelerated 3.7% in August . Around two-thirds of Fed members predicted one more rate hike before the end of 2023, according to the Fed\'s dot plot of interest rate expectations. Investors, though, have priced in a 91% chance the Fed will keep interest rates level at their next policy meeting, per the CME FedWatch tool. When accounting for inflationary pressures stemming from the Russia-Ukraine war, the Israel-Hamas war, and the UAW strike, the Fed will likely raise rates just 0.25% in December before pausing for good, according to Comerica Bank chief economist Bill Adams. "Either way, the Fed is likely to pivot to interest rate cuts in mid-2024 as core inflation, wage growth, housing prices, and other broad measures of price pressures move closer to pre-pandemic levels," Adams said in a note on Wednesday. Investors are now looking ahead to the September inflation report, due at 8:30 a.m. on Thursday. Economists are expecting inflation to have accelerated 3.6% last month, with core prices accelerating 4.1%. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday: S&P 500 : 4,376.94, up 0.43% Story continues Dow Jones Industrial Average : 33,804.81, up 0.19% (+65.51 points) Nasdaq Composite : 13,659.68, up 0.71% Here\'s what else is going on today: Bonds are offering investors equity-like returns , according to billionaire Howard Marks. Stocks and bonds are in for a \'painful\' journey ahead - and that makes cash more attractive, according to top economist Mohamed El-Erian. A key corner of Wall Street is making its most bearish bet against stocks ever . Janet Yellen says she supports using frozen Russian assets to help Ukraine . China is boosting its efforts to spread the yuan as it dumps $7.5 billion in offshore bonds. The housing market is in a bubble , but home prices may not fall anytime soon. In commodities, bonds, and crypto: West Texas Intermediate crude oil fell 2.27% to $84.02 a barrel. Brent crude , the international benchmark, slipped 1.5% to $86.33 a barrel. Gold inched higher 0.64% to $1,887.30 per ounce. The 10-year Treasury yield slipped eight basis-points to 4.566%. Bitcoin slumped 2.63% to $26,693. Read the original article on Business Insider', '• Stocks inched higher Wednesday as investors read through the latest Fed minutes.\n• Central bankers remained mostly hawkish on their approach to inflation at the last policy meeting.\n• Investors are eyeing the September CPI report due out on Thursday morning.\nUS stocks rose on Wednesday as investors digested the latest minutes of September\'s Federal Reserve meeting and looked ahead for the September Consumer Price Index report, which is set to roll out Thursday morning.\nMajor indexes ended the day mostly flat, though the S&P 500 and Nasdaq Composite finished slightly in the green.\nCentral bankers signaled that they would continue to remain cautious on inflation at their last policy meeting, per the latest minutes. Though they acknowledged inflation expectations remain "well anchored," prices are still well-above the Fed\'s 2% target,having accelerated 3.7% in August.\nAround two-thirds of Fed members predicted one more rate hike before the end of 2023, according to the Fed\'s dot plot of interest rate expectations.\nInvestors, though, have priced in a 91% chance the Fed will keep interest rates level at their next policy meeting, per the CME FedWatch tool.\nWhen accounting for inflationary pressures stemming from the Russia-Ukraine war, the Israel-Hamas war, and the UAW strike, the Fed will likely raise rates just 0.25% in December before pausing for good, according to Comerica Bank chief economist Bill Adams.\n"Either way, the Fed is likely to pivot to interest rate cuts in mid-2024 as core inflation, wage growth, housing prices, and other broad measures of price pressures move closer to pre-pandemic levels," Adams said in a note on Wednesday.\nInvestors are now looking ahead to the September inflation report, due at 8:30 a.m. on Thursday. Economists are expecting inflation to have accelerated 3.6% last month, with core prices accelerating 4.1%.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday:\n• S&P 500:4,376.94, up 0.43%\n• Dow Jones Industrial Average:33,804.81, up 0.19% (+65.51 points)\n• Nasdaq Composite:13,659.68, up 0.71%\nHere\'s what else is going on today:\n• Bonds are offering investors equity-like returns, according to billionaire Howard Marks.\n• Stocks and bonds are in for a \'painful\' journey ahead- and that makes cash more attractive, according to top economist Mohamed El-Erian.\n• A key corner of Wall Street is making its most bearish bet against stocks ever.\n• Janet Yellen says she supports using frozen Russian assets to help Ukraine.\n• China is boosting its efforts to spread the yuanas it dumps $7.5 billion in offshore bonds.\n• The housing market is in a bubble, but home prices may not fall anytime soon.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil fell 2.27% to $84.02 a barrel.Brent crude, the international benchmark, slipped 1.5% to $86.33 a barrel.\n• Goldinched higher 0.64% to $1,887.30 per ounce.\n• The 10-year Treasury yield slipped eight basis-points to 4.566%.\n• Bitcoinslumped 2.63% to $26,693.\nRead the original article onBusiness Insider', "Bricks (BRICK), the native token of Reddit's Fortnite community, surged 110% over the past 24-hours after having lost over 80% of its value in the past two-months. The majority of trading volume occurred on Kraken with the figure across all exchanges nearing $750,000, a 800% rise from the previous 24-hour period, according to CoinMarketCap . There is currently no clear catalyst for the increase in price, although it has bucked the wider cryptocurrency trend which saw bitcoin (BTC) fall back below $27,000 on Wednesday. Bricks is an ERC-20 token that was distributed to active members of the Fortnite subreddit, it rose significantly in August as hype around other Reddit community tokens like r/cryptocurrency's Moons (MOON) began to build. Liquidity remains relatively thin across all exchanges, with 2% market depth on Kraken equating to around $2,500 on both the bid and ask side. Market depth is a metric that assess the amount of capital required to move an asset in a certain direction. A lack of liquidity in an asset that has experienced significant upside presents a risk to traders as price could cascade back down with minimal effort, potentially trapping those that bought the recent high.", "Bricks (BRICK), the native token of Reddit's Fortnite community, surged 110% over the past 24-hours after having lost over 80% of its value in the past two-months. The majority of trading volume occurred on Kraken with the figure across all exchanges nearing $750,000, a 800% rise from the previous 24-hour period, according to CoinMarketCap . There is currently no clear catalyst for the increase in price, although it has bucked the wider cryptocurrency trend which saw bitcoin (BTC) fall back below $27,000 on Wednesday. Bricks is an ERC-20 token that was distributed to active members of the Fortnite subreddit, it rose significantly in August as hype around other Reddit community tokens like r/cryptocurrency's Moons (MOON) began to build. Liquidity Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-12 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $522,859,295,238 - Hash Rate: 470162158.8928191 - Transaction Count: 267090.0 - Unique Addresses: 624747.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: UPDATE: A Spanish court has ruled that tech titan John McAfee died by suicide, an inquest prompted by his familys questions on his jailhouse death. McAfee died in 2021 in a Spanish jail, and his death has already been ruled a suicide by authorities. But ex-ife Janice asked for a further probe. McAfee himself had previously stated that he was not suicidal and that he would be whacked if he died. More from Deadline Netflix Greenlights Documentary On Software Pioneer John McAfee, Who Went On The Run After His Neighbor Was Murdered In Belize John McAfee Dies: Eccentric Entrepreneur, Security Software Inventor And Cryptocurrency Pioneer Was 75 Bitcoin Arrives On Wall Street, Bringing Good News For Blockchain Entertainment The ruling today stated, There is not a single element of suspicion, of a charge against a third party, of criminal behavior, according to Reuters. EARLIER: The family of software pioneer John McAfee has stepped up their demand for answers a year after his mysterious death in a Spanish jail cell . McAfees corpse still remains unclaimed in a Spanish morgue. He was awaiting extradition to the US on tax evasion charges when he was found dead in a Barcelona cell. He was 75 years old. The software developer of the first commercial anti-virus software, McAfee had a strange last few years, globetrotting and immersed in the cryptocurrency and conspiracy worlds. Its difficult to put into words what life has been like this past year, McAfees widow, Janice, tweeted Thursday . McAfee was arrested in Spain and was jailed for eight months prior to his death, which authorities claimed was a suicide. His family disagreed and is pressing for a more detailed investigation. His body is being held while legal deliberations continue. A former third-party candidate for US president in 2016 and 2020, McAfee at one time had a fortune estimated at $100 million. While much of that was lost in the market crash of 2008, he still lived a lavish lifestyle from his base on the Belize island of Ambergris Caye. Story continues There, Belize police declared him a person of interest in the killing of American Gregory Faull, 52, who had complained about McAfees dogs before being discovered in his home with fatal gunshot wounds. McAfee was never charged in that case, but Belize authorities said they were actively looking for him. He lost a wrongful death suit in Florida brought by Faulls family. They won an award of $25 million, but never collected. Best of Deadline SAG-AFTRA Interim Agreements: Full List Of Movies And TV Series 2023 Premiere Dates For New & Returning Series On Broadcast, Cable & Streaming Film Festival Calendar Listings For 2023 Sign up for Deadline's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram . Click here to read the full article.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['San Diego, CA, Oct. 12, 2023 (GLOBE NEWSWIRE) -- A 100-page report issued by the World Economic Forum estimates the tokenization market to be worth $867 trillion with an expected 80x growth rate by 2030.\nA 100-page report issued by the World Economic Forum estimates the tokenization market to be worth $867 trillion with an expected 80x growth rate by 2030.\nRecent indicators seem to be pointing to the beginning stages of a recovery in the crypto market, largely due to the filing of a Spot Bitcoin ETF by the bluest of all the blue chips – BlackRock.\nBlackRock CEO Larry Fink was recently quoted as saying that tokenization will be “the next generation for markets.”\nTokenization, for those new to the term, is a process that converts real-world assets, such as stocks, bonds, art, luxury watches, real estate, or just about anything that holds intrinsic real-world value into digital tokens.\nThese tokens, traded on blockchain networks, represent ownership or rights to the underlying assets. They can be transferred and traded in a secure and transparent manner, much like passing a baton in a relay race, but in the digital realm.\nThe potential of tokenization to disrupt traditional finance is massive, a tectonic movement that could revolutionize the financial industry.\nTo get some deep insight on the current state of affairs we caught up with Thomas Carter, veteran entrepreneur and thought leader in the area of tokenization and digital securities.\nFrompredicting crypto’s $1T crypto market capto being one of the earliest pioneers of security tokens, Carter has been pushing innovation in this space for over seven years.\nAs the Founder ofDeal Box, a blockchain and AI powered security token issuance and investment platform, and the CEO of True I/O (recently raised $9M) Carter has been instrumental in guiding the development of asset tokenization. His expertise and vision in these areas have made him a sought after mentor.\nAlong with creating one of the first security token issuance and investment platforms (Deal Box), Carter’s contributions to the tokenization ecosystem include creating user-friendly fintech solutions that enable broader adoption.\nFor example, as founder of TNS (recently merged into True I/O) he developed a domain naming service that simplifies the complex process of blockchain transactions by creating user-friendly IDs in place of lengthy blockchain addresses calledDigital Names.\nHis acumen extends beyond tokenization and includes the field of cybersecurity and supply chain management as the driving force behindTrue I/O.\nTrue I/O is an ecosystem of blockchain/AI/VR enabled solutions that enhance password security, secure sensitive data, and fortify cybersecurity infrastructure as well as supply chain security for mobile or embedded devices – that is, IoT (Internet of Things).\nOne of True I/O’s flagship products is theUniversal Communications Identifier (UCID™), a cross-network security solution for any device connected to any network.\nTrue I/O and Deal Box recently partnered with Fireblocks, a platform that secures digital assets. Fireblocks provides a secure infrastructure for moving, storing, and issuing digital assets, enabling businesses to securely scale their digital asset operations.\nRecently, Carter has expanded his expertise in digital securities to include tokenization of Real World Assets (RWAs). RWAs refer to tangible assets that exist in the physical world, such as real estate, precious metals, commodities, artwork, private equity, etc.\nThese assets have inherent value and can be tokenized using blockchain technology, which involves representing ownership rights as digital tokens on a distributed ledger.\nThe tokenization of RWAs presents a generational opportunity in the finance industry. By tokenizing real-world assets, individuals and institutions can gain fractional ownership and access to these assets, which were previously limited to a select few.\nTokenization enables the democratization of asset ownership, allowing smaller investors to participate in traditionally exclusive markets, enhanced secondary market liquidity and cross-border transactions.\nIn a recent interview Carter had this to say about the BlackRock ETF and Fink’s remarks on tokenization –\n“I’ve always felt that tokenization was the bigger story here, not cryptocurrencies, albeit an important part of the crypto ecosystem. After 20 years in traditional finance I realized early on that the genie in the crypto bottle was the transparency, universal access, and reduced frictional costs made immutable by cryptography.\nBy bringing traditional assets and financial products on-chain we are unlocking trillions worth of liquidity that is expected to be anywhere from 10-40% of global GDP by 2030. Those are staggering numbers.\nI think the timing of the BlackRock ETF is brilliant in that it coincides with a Bitcoin halving event which is a deflationary algorithm programmed into Bitcoin that reduces the available supply and the GWTH (Greatest Wealth Transfer in History). The Boomers are transferring that wealth to a generation that grew up with blockchain tech.\nNot only does the ETF cash in on the $30+ trillion dollar retirement market but it also sets itself up to be a likely preferred investment vehicle for the incoming generation.\nDespite the fact that scores of previous Bitcoin ETFs have been rejected by the SEC, I think given the size and gravity of BlackRock, that they wouldn’t place the bet unless they had good reason to expect a win.\nThat win I believe is and will be the catalyst for the next bull market in crypto which if I had to speculate will take us somewhere into the vicinity of a 10 trillion dollar crypto market cap before 2025. The crypto market has been waiting for an incremental buying trend and this is it.\n“Now is the time to act.”\nOne area of tokenization in particular deserves particular attention. The tokenization of private equity, Carter’s forte, and the core offering ofDeal Box.\nTokenization of Private Equity\nPrivate equity tokens are a digital representation of ownership in private equity investments on the blockchain.\nThese tokens enable fractional ownership, improved liquidity and simplified management of private equity assets.\nA recent study found fund managers in France, Spain, Germany, Switzerland and the United Kingdom, collectively responsible for around $546.5 billion in assets under management, found that 73% of the participants identified private equity assets as the most likely first to see significant tokenization.\nMoreover, the World Economic Forum hasestimatedthat up to 10% of global GDP could be stored and transacted via distributed ledger technology by 2027, with crypto-asset custodian Finoa reporting that tokenized markets may beworthas much as $24 trillion by the same year.\nThe Benefits of Private Equity Tokenization\nPrivate equity tokens shine in their promise of heightened liquidity. Historically, private equity investments have been hamstrung by extended lock-up times and scarce exit strategies, deterring certain investors. Tokenization, however, transforms these assets, facilitating their trade on secondary markets, and presenting a more fluid investment option. This revamped liquidity simplifies the process for investors to buy and sell, and unveils the worth of previously hard-to-move assets, appealing to a more diverse investor base.\nMoreover, private equity tokens usher in an era of transparency in a traditionally guarded sector. Rooted in blockchain technology, these tokens enable public monitoring of both ownership and transaction history. This immediate and open view into assets can elevate trust and diminish risks linked to deceit and poor oversight.\nLastly, these tokens revolutionize accessibility to the private equity realm. They lower the entry barrier for everyday investors by offering pieces of ownership in private entities or funds. This fractional ownership invites modest-scale investments, widening the door for more people to invest in and benefit from private sector growth. Such inclusivity not only enriches investment portfolios but also spurs innovation and economic expansion by channeling more funds into the private domain.\nTo learn more about how the process of private equity tokenization works visitDeal Box.\nAbout Thomas Carter\nThomas Carteris a leader and evangelist for enterprise-grade FinTech and blockchain technology adoption.\nHe was an early pioneer of Security Token technology and brings 30 + years of proven traditional capital markets acumen to the nascent field of tokenization.\nHe is the founder and Chairman of Deal Box, a capital markets consulting firm focused on helping entrepreneurs and investors by leveraging automation, artificial intelligence, and blockchain technologies.\nCarter is also the CEO of True I/O whose mission is to help traditional financial and capital services realize the promise of transparency, universal access and reduced costs that blockchain tech offers.\nThomas can be reached via:\nThomascarter.io\nTrue.io\nLinkedInhttp://trueio.io\nCONTACT: Thomas Carter thomas-at-tnscorp.io', "• US stocks fell Thursday as bond yields resumed their upswing amid new inflation data.\n• September's CPI came in hotter than estimated, climbing 0.4% for the month.\n• The latest 30-year Treasury auction also saw weak demand, further boosting yields.\nUS stocks fell Thursday as the latest round of inflation data and a weak bond auction sent Treasury yields back up sharply.\nTheconsumer price indexgained 0.4% in September from the prior month, above expectations for a 0.3% increase. Similarly, it rose 3.7% from a year ago, outpacing estimates of a 3.6% rise.\nMeanwhile, the US sold $20 billion of 30-year bonds, butdealers had to take up more supply after investors balked, signaling weak demand amid soaring debt issuance.\nThe 10-year yield climbed over 10 basis points to about 4.7%, while the 30-year yield shot up as Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-13 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $522,705,035,625 - Hash Rate: 393226532.892176 - Transaction Count: 279518.0 - Unique Addresses: 662518.0 Social & AI Sentiment: - Fear & Greed Index: 0.44 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This article was originally published onETFTrends.com. Approval of a spot bitcoin exchange traded fund in the U.S. is one of the most widely anticipated and delayed events in the roughly three-decade history of the ETF industry. Those delays are popping up again. The Securities and Exchange Commission (SEC) recently put off decisions on some recent spot bitcoin ETF filings until next year. That’s not unusual – the commission has an established history of doing that. Nor does it mean those filings will be rejected. For now, however, there’s plenty of speculation and not much in the way of tangible results in terms of these ETFs coming to market in the U.S. One thing that crypto bulls and market observers can agree on is that the price of bitcoin could surge in epic fashion if related spot ETFs are approved in the U.S. If that happens, established crypto-related ETFs such as theInvesco Alerian Galaxy Crypto Economy ETF (SATO)could generate noteworthy upside of their own. On the spot bitcoin ETF approval front, SATO is relevant for multiple reasons. First, the bulk of the ETF’s 36 holdings are bitcoin miners – an asset class intimately correlated to the digital currency’s price action. Second, SATO’s largest holding is theGrayscale Bitcoin Trust (GBTC). That fund would likely rocket higher if a spot bitcoin ETF comes to life. In fact, Grayscale is attempting to convert GBTC to the ETF wrapper. GBTC accounts for 17.66% of SATO’s roster. The point is the approval of a spot bitcoin ETF has implications, most of them positive, for assets like SATO. Consider the following. In a recent interview with CNBC, Fundstrat's Tom Lee said a US-listed spot bitcoin ETF could lead to favorable supply/demand dynamics for the digital currency. That would potentially take its price to $150,000 and perhaps as high as $180,000. Those prices are more than five and six times where bitcoin resides at this writing. Even if the SEC doesn’t approve a spot bitcoin ETF, there are avenues for bitcoin to deliver 2024 upside. Though not likely to the tune of reaching six-figure territory. Lee mentions the 2024 halving and the possibility of a more accommodative monetary policy from the Fed as potential catalysts for the cryptocurrency next year. “Crypto is dependent on monetary policy. So, if inflation is cooling, then we can start to bet on forward financial conditions easing and central bank easing sooner," Lee said in the CNBC interview. "That's bullish for crypto or alternative assets." For more news, information, and analysis, visit theCrypto Channel. 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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['REUTERS/Brendan McDermid US stocks ended mixed but made weekly gains as investors digested lower interest rates and prepare for third-quarter earnings. The 10-year Treasury yield fell about 25 basis points from its 52-week high this week to 4.63%. A slew of bank earnings kicked off earnings season on Friday, and investors are expecting a rebound in profits. US stocks were mixed on Friday but ended the week higher as investors digested a decline in interest rates and the start of the third-quarter earnings season. The 10-year US Treasury yield fell about 25 basis points over the course of the week from its 52-week high of 4.88% to 4.63%. The decline was sparked by a safety trade following the outbreak of war between Israel and Hamas, as well as a wave of dovish comments from Federal Reserve members. The most recent came on Friday from Philadelphia Fed President Patrick Harker, who advocated for a pause in interest rate hikes. "Absent a stark turn in what I see in the data and hear from contacts... I believe that we are at the point where we can hold rates where they are. Look, we did a lot, and we did it very fast," he said in prepared remarks to the Delaware State Chamber of Commerce. Friday also marked the start of third-quarter earnings season with results from several banks and financial institutions. JPMorgan , Wells Fargo , Citigroup , and BlackRock all beat analyst estimates for revenue and profit. Here\'s where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 4,327.78, down 0.50% Dow Jones Industrial Average : 33,670.29, up 0.12% (39.15 points) Nasdaq Composite : 13,407.23, down 1.23% Here\'s what else happened today: Wharton professor Jeremy Siegel argued that stocks still represent a good value, even if an economic recession arrives. China remains on the brink of deflation as the country continues to see weakness in its economy following a lackluster reopening from the COVID-19 pandemic. Ray Dalio warned that the Israel-Hamas conflict could trigger more clashes around the world, with the risk of war rising to 50%. JPMorgan CEO Jamie Dimon warned it\'s "the most dangerous time the world has seen in decades" amid global conflicts and soaring debts. Home foreclosure activity in the US\xa0 surged to the highest level since the start of the pandemic , a sign that the financial aftermath of COVID-19 has been wearing out cash-strapped homeowners. Oil prices surged 5% on Friday amid geopolitical tensions in the Middle East and after the US imposed sanctions related to Russian oil. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 5.70% to $87.64 a barrel. Brent crude , the international benchmark, gained 5.69% to $90.89 a barrel. Gold jumped 3.11% to $1,941.60 per ounce. The 10-year Treasury yield fell 8 basis points to 4.62% on Friday. Bitcoin rose 0.01% to $26,757. Read the original article on Business Insider', '• US stocks ended mixed but made weekly gains as investors digested lower interest rates and prepare for third-quarter earnings.\n• The 10-year Treasury yield fell about 25 basis points from its 52-week high this week to 4.63%.\n• A slew of bank earnings kicked off earnings season on Friday, and investors are expecting a rebound in profits.\nUS stocks were mixed on Friday but ended the week higher as investors digested a decline in interest rates and the start of the third-quarter earnings season.\nThe 10-year US Treasury yield fell about 25 basis points over the course of the week from its 52-week high of 4.88% to 4.63%. The decline was sparked by a safety trade following the outbreak of war between Israel and Hamas, as well as a wave of dovish comments from Federal Reserve members.\nThe most recent came on Friday from Philadelphia Fed President Patrick Harker, who advocated for a pause in interest rate hikes.\n"Absent a stark turn in what I see in the data and hear from contacts... I believe that we are at the point where we can hold rates where they are. Look, we did a lot, and we did it very fast," he said in prepared remarks to the Delaware State Chamber of Commerce.\nFriday also marked the start of third-quarter earnings season with results from several banks and financial institutions.JPMorgan,Wells Fargo,Citigroup, andBlackRockall beat analyst estimates for revenue and profit.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:4,327.78, down 0.50%\n• Dow Jones Industrial Average: 33,670.29, up 0.12% (39.15 points)\n• Nasdaq Composite:13,407.23, down 1.23%\nHere\'s what else happened today:\n• Wharton professorJeremy Siegel argued that stocks still represent a good value,even if an economic recession arrives.\n• China remains on the brink of deflationas the country continues to see weakness in its economy following a lackluster reopening from the COVID-19 pandemic.\n• Ray Dalio warned that the Israel-Hamas conflict could trigger more clashesaround the world, with the risk of war rising to 50%.\n• JPMorgan CEO Jamie Dimon warned it\'s "the most dangerous time the world has seen in decades"amid global conflicts and soaring debts.\n• Home foreclosure activity in the US\xa0 surged to the highest level since the start of the pandemic, a sign that the financial aftermath of COVID-19 has been wearing out cash-strapped homeowners.\n• Oil prices surged 5% on Friday amid geopolitical tensionsin the Middle East and after the US imposed sanctions related to Russian oil.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 5.70% to $87.64 a barrel.Brent crude, the international benchmark, gained 5.69% to $90.89 a barrel.\n• Goldjumped 3.11% to $1,941.60 per ounce.\n• The 10-year Treasury yield fell 8 basis points to 4.62% on Friday.\n• Bitcoinrose 0.01% to $26,757.\nRead the original article onBusiness Insider', 'Bitcoin. Getty Images A Bitcoin mine in Wyoming is on the radar of Pentagon officials. The mine is connected to multiple Chinese companies and sits across from a Microsoft data center. The company said that its placement near the data center, which supports the Pentagon, was unrelated. Pentagon officials monitoring a Bitcoin operation in Wyoming that sits across from a Microsoft data center and a nearby military base are worried that the owners\' ties to China could pose a national security threat, per The New York Times . Microsoft believed the location could allow the Chinese government to "pursue full-spectrum intelligence collection operations" directed at the data center and the Francis E. Warren Air Force Base, which houses ICBMs. The crypto mining operation first came under the US government\'s purview after a team at Microsoft submitted a report to the Committee on Foreign Investment in August 2022. The team believed the mining operation had the potential to collect information from the data center, which supports the operational needs of the Pentagon , the Times reported. "Microsoft has no direct indications of malicious activities by this entity," Microsoft wrote, per the Times. "However, pending further discovery, we suggest the possibility that the computing power of an industrial-level cryptomining operation, along with the presence of an unidentified number of Chinese nationals in direct proximity to Microsoft\'s Data Center and one of three strategic-missile bases in the US, provides significant threat vectors." In 2021, China banned the resource-intensive practice of Bitcoin mining . Businesses in the cryptocurrency market scrambled to establish themselves in other countries, including the US. The Times identified mines in 12 states that were owned by Chinese nationals. Per the outlet, some had ties to the Chinese government , some did not, and others could not be easily traced. The Cheyenne, Wyoming, center was one such mine, per the Times. The Times reported that the mining operation is linked to five different companies, with one company, Bit Origin Ltd., previously registered as a pork-processing company in the Cayman Islands . Story continues Li Jiaming, the president of Bit Origin Ltd., said that the Microsoft data center or the nearby military base had nothing to do with why the area was chosen. Instead, the mine was placed there because a local utility company agreed to work with Bit Origin. "Even though we are a Microsoft neighbor and a couple of miles from the base, without power it is nothing — the business cannot succeed," Jiaming told the Times. Officials who spoke with the Times cited concerns that the mines, which use an immense amount of electricity in their operations, would be used to purposefully overwhelm electrical grids to cause planned blackouts and complete other cyberattacks . US officials have expressed growing concern that the Chinese government is attempting to target and disrupt US military operations. In July, the Times reported military officials identified Chinese malware that could disrupt power, water, and communications to military bases. Read the original article on Business Insider', '• A Bitcoin mine in Wyoming is on the radar of Pentagon officials.\n• The mine is connected to multiple Chinese companies and sits across from a Microsoft data center.\n• The company said that its placement near the data center, which supports the Pentagon, was unrelated.\nPentagon officials monitoring a Bitcoin operation inWyomingthat sits across from a Microsoft data center and a nearby military base are worried that the owners\' ties to China could pose a national security threat, perThe New York Times.\nMicrosoft believed the location could allow the Chinese government to "pursue full-spectrum intelligence collection operations" directed at the data center and the Francis E. Warren Air Force Base, which houses ICBMs.\nThecrypto mining operationfirst came under the US government\'s purview after a team atMicrosoftsubmitted a report to the Committee on Foreign Investment in August 2022. The team believed the mining operation had the potential t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-14 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $525,203,833,875 - Hash Rate: 416022273.9294035 - Transaction Count: 265220.0 - Unique Addresses: 612783.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Raj Chowdhury, the CEO of HashCash, believes that cryptocurrency can pave the way for a world without limitations. He maintains a positive outlook on the capabilities of cryptocurrencies to surpass conventional boundaries and enable individuals worldwide. PALO ALTO, Calif. , Oct. 10, 2023 /PRNewswire-PRWeb/ -- The recent years have seen a remarkable growth of cryptocurrencies . A growing number of people now acknowledge its potential as a global currency. As we progress towards a more digital world, the concept of having a universal currency is gaining more traction. Despite the regulatory challenges and the market's volatility, cryptos have the potential to become the sole currency worldwide. With further advancements and widespread adoption, we can envision a future where transactions are borderless. Among many, HashCash Consultants CEO Raj Chowdhury believes that crypto has the potential to create a borderless world. New digital forms of currency hold the potential to transform the financial sector. They offer rapid and cost-effective payment options, enhance financial inclusion, and simplify cross-border transfers. Nonetheless, adopting these currencies involves intricate policy decisions and substantial investment. While some countries may contemplate introducing cryptoassets as their national currencies, the drawbacks and expenses usually surpass the advantages. Unlike central bank-issued digital currencies and stablecoins, cryptoassets are volatile and privately issued tokens. In addition to cryptoassets, private businesses are delving into novel avenues of digital money like mobile-based money transfers. CEO of HashCash Consultants and Bitcoin Maximalist, Raj Chowdhury asserts, "In the ongoing battle between humanity and technology, it is often the latter that emerges victorious. A perfect example is the advent of cryptocurrency , which has the capacity to usher in a world free of geographic and financial limitations." Story continues The adoption of cryptocurrencies as legal tender worldwide could streamline cross-border transactions, travel, and shopping. Nevertheless, it may make a significant percentage of financial service providers redundant. Conversely, fiat currencies give countries the ability to manage their economy by adjusting interest rates according to their needs. A universal cryptocurrency , however, would eliminate this leverage, leaving countries with minimal scope to enhance their economy or increase the value of their fiat currencies. Nonetheless, it could also potentially bring an end to ongoing conflicts between nations and promote global equality. "As we progress towards a more digitally-driven future, the concept of a global currency becomes increasingly viable, and I firmly assert that cryptocurrencies will serve as a crucial tool in realizing this objective," concluded Chowdhury. The US-based blockchain development company HashCash Consultants has developed several products and offered services to over 26 countries. Products such as crypto payment processors , and white-label crypto exchange platforms are trending among retailers in the US and other countries. HashCash was recently listed as the top blockchain development company by a global research firm. In summary, although the extensive use of digital currencies could pose some advantages and drawbacks, it has the extraordinary capacity to establish a world free of limits. This world would eradicate the obstacles of financial transactions and encourage equality worldwide. About Raj Chowdhury: Raj Chowdhury is the Managing Director of HashCash Consultants and Paybito . Raj pioneered the first interbank Trade Finance and Remittance implementation of Blockchain Technology between two of the largest global banks. Raj is an eminent voice in the Blockchain and Cryptocurrency space and actively engages with policymakers in this area. He is a contributor to the Economic Times, Business World, and CNNMoney and advises industry leaders in the adoption of Blockchain. He is a member of Asha Silicon Valley, a nonprofit committed to education for children in emerging countries. Author of the book 'The Dark Secret of the Silicon Valley', Raj is an investor in blockchain and cryptocurrency companies and an active member of the philanthropic community. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] Cision View original content to download multimedia: https://www.prweb.com/releases/hashcash-ceo-raj-chowdhury-is-optimistic-about-the-potential-of-cryptocurrency-to-create-a-world-without-boundaries-301951074.html SOURCE Hashcash Digest... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Are you tired of working the same job you’ve sworn to quit countless times? You might be stuck in a rut — and your more successful friends have noticed. You might envy their Saturday morning hikes and large retirement accounts, but it might simply be a result ofnot approaching problems or opportunities like they do.\nI’m a Financial Planning Expert:Here Are 5 Things You Should Never Spend Money on If You Want To Be RichSee:How To Build Your Savings From Scratch\nIf you’re wondering what your successful friends are thinking about the way you manage work and money, take a seat because here is what they’re not telling you.\nYou know that friend you’re always hitting up for money? Well, that friend thinks you’d really benefit from a budget. Fortunately, making one just takes a little commitment.\n“Find an app or system that works well for you, such as Mint, You Need A Budget or just an Excel spreadsheet,” said Kate Holmes, a certified financial planner and Belmore Financial founder. “Import the last few months of all checking, debit and credit card transactions, and see where things are at. You’ll likely be surprised by some of the category totals.”\nHolmes encourages you to consider how much happiness each budget item brings you, as means of tracking down unnecessary expenses. Here’s a breakdown she recommends:\n• 50% of your take-home pay for food, housing and necessities\n• 30% for discretionary spending\n• 20% for paying off debt and building savings\n‘Automatic Millionaire’ Author David Bach:These Are the 2 ‘Primary Escalators to Wealth’Read More:Suze Orman’s Top 26 Tips That Will Save You From Financial Disaster\nBad news for those dreaming of retirement: Most of us won’t be retiring in style if we rely solely on Social Security benefits. In 2023, the average monthly Social Security check is just $1,751 for retirees. So, what can you do to prevent tarnished golden years?\nUtilize your workplace retirement plan and take advantage of your employer’s matching program, said consumer finance expert Kevin Gallegos, vice president of Phoenix operations for Freedom Financial Network. Gallegos recommends saving 10% to 15% of your gross pay for retirement. If you can’t swing that, just start with what’s manageable for you.\nMore Tips:Mark Cuban Says This Is the No. 1 Thing To Do To Build Wealth\nThe financially savvy see credit cards as a convenience, not a debit account. A GOBankingRates survey found that 50% of Americans have credit card debt. If you carry a high balance month to month and have high interest rates, you’re paying a premium for the same purchases your debt-free friends make.\nDodge debt and avoid using credit cards except in emergencies. “Few, if any, investments will return as much,” Gallegos said. “Having no credit card debt provides a financial cushion itself.” If you’re having trouble doing this, you can consider some ways to avoid or get out of credit card debt.\nChances are you think you can’t invest because you don’t have the money. But what if you don’t have the money because you don’t invest?\nPassive income is a key differentiating factor between financial struggles and financial success, and investments like penny stocks or Bitcoin alternatives don’t have to break the bank. As a Cardan Capital financial advisor told U.S. News and World Report, “This allows (you) to generate income or grow assets even when (you) are not sitting in the office.”\nIf speculation isn’t your game and entrepreneurship isn’t your bag, invest what you can in small business — either way, investing makes your money work for you.\nEvery single purchase you make has two costs: the price you pay for the product or service and what you give up when you make that purchase. Folks in finance call the latter the “opportunity cost.” You bought the shoes, so now you can’t afford that contribution to your IRA.\nBillionaire investor Warren Buffett often quotes his partner and self-made billionaire, Charles Munger, when speaking about opportunity costs, calling them “mistakes of omission.” In regrettable moments, the duo didn’t invest in something when they should have or weren’t able to because their money was tied up elsewhere. Like those shoes, the mistake lies in the opportunity omitted when you don’t consider the opportunity cost.\nI’m a Financial Advisor Who Works With Wealthy Families:These Are the Best Ways To Transfer Wealth\nSelf-made millionaires don’t have all those commas in their bank account balances based solely on their own genius — they had the good sense to seek out help from financial planners and money managers. As former BlueShore Financial advisor Steven Batie said, “The first step in developing your financial plan is to meet with an advisor,” citing potential improvements in everything from cash flow to investments to financial understanding.\nDon’t understand disintermediation or the efficient frontier concept? Join the club. That’s exactly why we need a pro on our side.\nWhen that coveted paycheck comes in, it’s a whole lot more tempting to splurge on venti lattes or video games than it is to squirrel away savings.\nInstead, automate your financial security. Sit down with your company’s HR department and request that a percentage of every single check goes straight toward your savings or investments. Like bestselling financial author David Bach wrote in “The Automatic Millionaire,” “The truth is, you’re too busy to spend all day thinking of wealth building. You need a system that works while you sleep — a system that is automated.”\nAccording to Business Insider, Warren Buffett still lives in the home he bought for $31,500 in 1958, Mark Zuckerberg has long driven an affordable Volkswagen and Ikea founder Ingvar Kamprad often took the bus to work. Their net worths range from about $40 billion to $117 billion, so if money isn’t the reason for these cutbacks, what is?\nSimple frugality. Some of the richest people on earth recognize that living below your means is essential to financial sustainability. Take Bill Gates, for instance, who famously said, “I can understand wanting to have millions of dollars, there’s a certain freedom, meaningful freedom, that comes with that. But once you get much beyond that, I have to tell you, it’s the same hamburger.”\nFind Out:What Income Level Is Considered Middle Class in Your State?\nIf you weren’t born rich, you have to work much harder for your earnings and adopt a strong, steadfast attitude that translates into wealth.\n“Look at every successful person across a wide spectrum of industries and activities,” said award-winning marketing advisor John Mulry. “All had their obstacles, demons and downfalls, but their desire to succeed and ability to overcome was greater than anything else. They were willing to stop at nothing to achieve.”\nMost friends won’t tell you that you’re a quitter. That means it’s totally up to you to make the hard call, and that is something only winners do.\nJust about everyone loves a Frappuccino in the morning and Chipotle with colleagues in the afternoon. Meanwhile, your brown-bagging coworker secretly knows that you’ve just wasted $25.\nIn a major metro city, buying a grande Frappuccino at Starbucks five days a week will set you back around $1,500 per year. But back at home, it costs as little as 27 cents to brew a cup of coffee yourself — that’s an annual saving of more than $1,400.\nRethinking your Frappuccino yet?\nSo you’ve got a buddy who runs marathons, climbs mountains and made $1 million before she turned 30. The first thing she’d tell you is that you need a clear goal to accomplish anything and properly manage your money.\n“It’s very hard to get where you’re going without knowing where you want to go,” Gallegos said. “Similarly, it’s very hard to save without setting goals. Those goals might include retirement, a vacation, a new piece of furniture, a child’s education or time to train for a marathon.”\nWhatever your financial goals, write them down and then budget for them. If you get stuck, call that friend who climbs mountains for advice.\nRead More:Money Expert Jaspreet Singh Says ‘Becoming Wealthy Is Surprisingly Simple’ — Here’s Why\nLife has a nasty habit of throwing curveballs in the form of emergency car repairs and unexpected medical bills, among other unwanted surprises. When you’re suddenly treading financial water, your friends are looking on from the life raft and lamenting your lack of financial foresight.\nInstead of drowning in new debt, listen to Kate Holmes: Whether it’s a job layoff or worse, you want to ensure you can cover all necessary expenses for three to six months.\nThis is a tough one (and there might be exceptions just for basic human empathy), but successful people didn’t get to the top by lending people money. LSS Financial Counseling program director Elaina Johannessen lays out it plainly, writing, “We give to others because (it) feels good. It might be difficult to say ‘no,’ but in the end, you have to do what’s best for you and your family.”\nJohannessen advises friendly lenders to consider the risks and opportunity costs of lending and to refer struggling friends to resources like local county offices or charitable organizations whenever possible.\nYou know your frugal friend with the iPhone 8, Old Navy jeans and bulky TV? He’s silently shaking his head at your iPhone 14, Dolce and Gabbana denim and massive smart TV. When it comes to impulse buys, trust your gut — you know when you’re being indulgent.\nAnother great trick to curb spending, Gallegos said, is to pay with cash. This tip makes spending much less convenient while giving you a very real feel for how much you are truly dishing out. Gallegos cited research noting that people who pay with cash instead of credit or debit cards typically spend 15% to 20% less.\nCut More Costs:Unplug These Appliances That Hike Up Your Electricity Bill\nUltimately, patience and planning are two of the most crucial habits of rich people. Consistently managing you Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-15 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $524,970,840,262 - Hash Rate: 475861094.152126 - Transaction Count: 251923.0 - Unique Addresses: 571061.0 Social & AI Sentiment: - Fear & Greed Index: 0.45 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: In August, the cryptocurrency market experienced a dramatic shift in momentum. Bitcoin, the flagship cryptocurrency, faced a significant setback as its price plunged below the $25,000 mark. This drop marked its lowest level since mid-June, highlighting the persistent volatility that has gripped crypto markets. Bitcoin had shown resilience earlier in the year, staging a notable turnaround from its 2022 lows and trading above $31,500 in early July. However, late July marked a turning point, and August proved to be a challenging month for Bitcoin, with its value plummeting by nearly 10%. As September began, Bitcoin continued to face a rocky path, struggling to surpass the psychological level of $26,000. The looming Federal Reserve meeting further intensified market uncertainty, leaving investors and analysts eager to understand what lies ahead for Bitcoin in September. The beginning of September has been marked by ongoing turbulence in the cryptocurrency market. Bitcoin's price has been notably volatile, with fluctuations making it challenging to regain its footing and surpass the psychological barrier of $26,000. At the time of writing, the currency is trading at around $25,730-level. Historically, Bitcoin's performance has exhibited a close correlation with that of the tech-heavy Nasdaq 100 stock index. This connection arises from the perception of both tech stocks and cryptocurrencies as risky assets. Consequently, investors often respond to market conditions in a similar manner when determining their investment strategies. Despite the recent lows, there are several encouraging signs for those who maintain faith in Bitcoin's potential. One of the most significant developments of 2023 for the Bitcoin ecosystem was the legal victory in the U.S. Court of Appeals for the D.C. Circuit, involving Grayscale and the U.S. Securities and Exchange Commission (SEC) in late August (read: 5 Favorable Events Bitcoin Had in 2023: ETFs in Focus). The court sided with Grayscale in its lawsuit against the SEC's denial of the company's application to convert the Grayscale Bitcoin Trust into an ETF. In past few weeks, we have seen the filing of spot ETF applications by renowned asset managers like Blackrock, WisdomTree and Invesco. August saw benchmark U.S. Treasury yields hit a high of 4.34%. However, it subsequently receded to 4.30% as of Sep 6. These fluctuations are closely tied to the Federal Reserve's series of interest rate hikes, which have contributed to a sharp decline in inflation over the past year. Nevertheless, inflation remains considerably higher than the Fed's target of 2%, prompting speculation about further rate hikes and putting pressure on bond yields. Recent economic data releases have indicated a cooling labor market, raising hopes that the Federal Reserve may decide to maintain interest rates at their current levels during its September meeting. The CME FedWatch Tool reflects this sentiment, with approximately 93% of market participants (up from 85% one-month ago) confident that the Fed will pause its interest rate hikes in September. The prospect of the Fed maintaining interest rates at their current levels bodes well for high-risk assets, including cryptocurrencies. Additionally, the growing interest in cryptocurrencies among financial giants is expected to exert upward pressure on the prices of Bitcoin and other digital currencies in the near future. This burgeoning interest underscores the potential for cryptocurrencies to play a more significant role in the global financial landscape. Against this backdrop, following are the regular ETFs on this concept that may win in the near term. VanEck Digital Transformation ETF DAPP – Up 130.0% YTD Bitwise Crypto Industry Innovators ETF BITQ – Up 115.3% YTD Global X Blockchain ETF BKCH – Up 105.7% YTD iShares Blockchain and Tech ETF IBLC – Up 85% YTD Global X Blockchain & Bitcoin Strategy ETF BITS – Up 78.8% Fidelity Crypto Industry and Digital Payments ETF FDIG – Up 72.7% YTD (Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report Global X Blockchain ETF (BKCH): ETF Research Reports VanEck Digital Transformation ETF (DAPP): ETF Research Reports Bitwise Crypto Industry Innovators ETF (BITQ): ETF Research Reports Global X Blockchain & Bitcoin Strategy ETF (BITS): ETF Research Reports Fidelity Crypto Industry and Digital Payments ETF (FDIG): ETF Research Reports iShares Blockchain and Tech ETF (IBLC): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The widely tracked crypto market indicator " GBTC discount " narrowed to its lowest in 22 months on Friday, signaling increased optimism that Grayscale will be able to convert its close-ended bitcoin trust into an open-ended spot-based exchange-traded fund (ETF). On Friday, shares in Grayscale Bitcoin Trust (GBTC) traded at a discount of 15.87% to the trust\'s net asset value, reaching the level last seen in December 2021, according to YCharts. The discount has been steadily narrowing since reaching a record low of nearly 50% during the height of the bear market in December last year. The latest improvement came as the U.S. Securities and Exchange Commission (SEC) decided not to appeal against the D.C. Circuit Court of Appeals\' August verdict to set aside the regulator\'s decision to reject Grayscale\'s attempts to convert its trust into an ETF. The SEC had until Friday midnight to challenge the decision. Grasycale and CoinDesk are part of the Digital Currency Group. The SEC could now come up with new reasons to reject Grayscale\'s bid to cover its trust into an ETF or request an en banc appeal. That said, the probability appears low, considering the regulator has been actively engaging with other spot-ETF applications. "As far as I know, the SEC did not appeal, which means it now has to reconsider its ruling. It could deny again for different reasons - but the agency is reportedly engaging with other potential issuers, which is unusual. It is starting to feel like it is getting ready to let them list," Noelle Acheson, author of the popular Crypto Is Macro Now newsletter, said in the weekend edition. Nate Geraci, president of the ETF Store, voiced a similar opinion on X last week, saying the lack of appeal would mean a potential spot ETF launch in January 2024, with Grayscale probably taking the lead over other issuers. On June 15, the world\x92s largest fund manager and traditional finance heavyweight, BlackRock filed for a spot bitcoin ETF with the SEC, with Fidelity, Invesco, Valkyrie Investments, WisdomTree, and VanEck following BlackRock\'s lead in the subsequent days. A potential approval of a spot-based ETF is widely expected to unlock floodgates to billions of dollars in mainstream money, although Coinbase Institutional expects the flows to materialize over time.', 'The widely tracked crypto market indicator "GBTC discount" narrowed to its lowest in 22 months on Friday, signaling increased optimism that Grayscale will be able to convert its close-ended bitcoin trust into an open-ended spot-based exchange-traded fund (ETF).\nOn Friday, shares in Grayscale Bitcoin Trust (GBTC) traded at a discount of 15.87% to the trust\'s net asset value, reaching the level last seen in December 2021,according toYCharts. The discount has beensteadily narrowingsince reaching a record low of nearly 50% during the height of the bear market in December last year.\nThe latest improvement came as the U.S. Securities and Exchange Commission (SEC) decided not to appeal against the D.C. Circuit Court of Appeals\' August verdict to set aside the regulator\'s decision to reject Grayscale\'s attempts to convert its trust into an ETF. The SEC had until Friday midnight to challenge the decision.\nGrasycale and CoinDesk are part of the Digital Currency Group.\nTheSEC couldnow come up with new reasons to reject Grayscale\'s bid to cover its trust into an ETF or request an en banc appeal. That said, the probability appears low, considering the regulator has been actively engaging with other spot-ETF applications.\n"As far as I know, the SEC did not appeal, which means it now has to reconsider its ruling. It could deny again for different reasons - but the agency isreportedly engagingwith other potential issuers, which is unusual. It is starting to feel like it is getting ready to let them list," Noelle Acheson, author of the popular Crypto Is Macro Now newsletter, said in the weekend edition.\nNate Geraci, president of the ETF Store,voiceda similar opinion on X last week, saying the lack of appeal would mean a potential spot ETF launch in January 2024, withGrayscale probablytaking the lead over other issuers.\nOn June 15, the world’s largest fund manager and traditional finance heavyweight,BlackRockfiled for a spot bitcoinETFwith the SEC, with Fidelity, Invesco, Valkyrie Investments, WisdomTree, and VanEck following BlackRock\'s lead in the subsequent days.\nA potential approval of a spot-based ETF is widely expected to unlock floodgates to billions of dollars in mainstream money, although Coinbase Institutionalexpectsthe flows to materialize over time.', 'Australia plans to release a draft bill that covers the licensing and custody rules of cryptocurrency service providers by 2024, according to a consultation paper published by the Australian Treasury on Monday. See related article: Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict Fast Facts The new regime will require crypto exchanges to obtain an Australian financial services license if any one client has held at least AU$1,500 (US$946) at any time, or if the platform’s total assets ever exceeded AU$5 million (US$3.15 million). “[This] approach creates ample opportunities for the regulation to ignore the nuances of the technology (for example, unique services like NFTs),” said Jonathon Miller, managing director of Kraken Australia . “I’m hopeful that we can work collaboratively with the Government to make sure we don’t snuff out the benefits of future innovations in crypto that might fall outside the conventional ‘financial services’ box.” The treasury seeks to receive feedback on the draft bill by December 1, 2023. Crypto exchanges will have 12 months to earn licenses and become compliant with the new regime after enactment. See related article: Digital frontiers: Alex Tapscott on Web3, AI, and banking’s new dance View comments', 'Australia plans to release a draft bill that covers the licensing and custody rules of cryptocurrency service providers by 2024, according to a consultation paper published by the Australian Treasury on Monday.\nSee related article:Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict\n• The new regime will require crypto exchanges to obtain an Australian financial services license if any one client has held at least AU$1,500 (US$946) at any time, or if the platform’s total assets ever exceeded AU$5 million (US$3.15 million).\n• “[This] approach creates ample opportunities for the regulation to ignore the nuances of the technology (for example, unique services like NFTs),” said Jonathon Miller, managing director of Kraken Australia.“I’m hopeful that we can work collaboratively with the Government to make sure we don’t snuff out the benefits of future innovations in crypto that might fall outside the conventional ‘financial services’ box.”\n• The treasury seeks to receive feedback on the draft bill by December 1, 2023.\n• Crypto exchanges will have 12 months to earn licenses and become compliant with the new regime after enactment.\nSee related article:Digital frontiers: Alex Tapscott on Web3, AI, and banking’s new dance', 'South Korea-based Upbit cryptocurrency exchange’s Singapore unit said on Monday that it received an in-principal approval for the Monetary Authority of Singapore’s (MAS) major payment institution license. See related article: Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict Fast Facts The in-principal approval allows Upbit to legally offer digital asset services in the country until the central bank gives its final approval. Upbit is South Korea’s largest cryptocurrency exchange and is operated by one of the nation’s most valued startups, Dunamu. Upbit Singapore’s in-principal license further expands Dunamu’s Asia Pacific presence. The exchange claims to have legal branches in Indonesia and Thailand. Singapore’s major payment institution license permits institutions to offer payment services without adherence to the standard transaction volume. Typically, providers are constrained by a SG$3 million (US$2.2 million) limit for monthly transactions per service, and SG$6 million for multiple services, with a daily outstanding e-money cap of SG$5 million, according to the MAS . Coinbase , the largest U.S. exchange, received a major payment institution license from Singapore’s central bank at the beginning of October, a year after it was awarded an in-principal approval. There are currently 15 fully licensed digital payment token service providers in Singapore, according to the central bank’s website . See related article: Digital frontiers: Alex Tapscott on Web3, AI, and banking’s new dance', 'South Korea-based Upbit cryptocurrency exchange’s Singapore unit said on Monday that it received an in-principal approval for the Monetary Authority of Singapore’s (MAS) major payment institution license.\nSee related article:Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict\n• The in-principal approval allows Upbit to legally offer digital asset services in the country until the central bank gives its final approval.\n• Upbit is South Korea’s largest cryptocurrency exchange and is operated by one of the nation’s most valued startups, Dunamu.\n• Upbit Singapore’s in-principal license further expands Dunamu’s Asia Pacific presence. The exchange claims to have legal branches in Indonesia and Thailand.\n• Singapore’s major payment institution license permits institutions to offer payment services without adherence to the standard transaction volume. Typically, providers are constrained by a SG$3 million (US$2.2 million) limit for monthly transactions per service, and SG$6 million for multiple services, with a daily outstanding e-money cap of SG$5 million, according to theMAS.\n• Coinbase, the largest U.S. exchange, received a major payment institution license from Singapore’s central bank at the beginning of October, Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-16 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $529,811,547,231 - Hash Rate: 416156889.9191482 - Transaction Count: 299782.0 - Unique Addresses: 652765.0 Social & AI Sentiment: - Fear & Greed Index: 0.47 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories As bitcoin ( BTC ) moves higher, the recently shorted alternative cryptocurrencies like Solana's SOL may see leverage liquidations and exaggerated price rallies . Since Monday's brief move below crucial support at $25,000, bitcoin has risen over 6% to trade near $26,600, CoinDesk data show. Upbeat China August retail sales and factory output data released early Friday revived risk sentiment in financial markets, clearing the way for continued price gains in the leading cryptocurrencies. Bitcoin cash (BCH) led advancers, adding 8% over the past 24 hours. Maker DAO’s MKR followed with a rise of 5%. XRP, Ether (ETH), SOL, Tron's TRX and dogecoin (DOGE) are all tracking bitcoin higher, as usual. The altcoin bounce comes days after traders sold these tokens, pricing in the possibility of defunct exchange FTX securing approval from the bankruptcy court to sell assets from its multibillion dollar cryptocurrency holdings. The recovery puts altcoin bears, who took leveraged bets on SOL and other tokens declining because of potential sales by FTX creditors, at risk of liquidation. Binance.US has been accused of not cooperating in a probe by the Securities and Exchange Commission, which has said the company’s staking, clearing and brokerage services violate federal securities law, court filings unsealed Thursday show. Federal U.S. regulators worry the crypto exchange’s use of Ceffu, a custody service offered by Binance’s international arm, violates a deal intended to stop assets being squirreled overseas. Binance.US ’ holding company, known as BAM, has provided “only approximately 220 documents ... many that consist of unintelligible screenshots and documents without dates or signatures,” the SEC said, of the evidence-gathering process known as discovery. The company also lost two more high-level executives not long after the departure of CEO Brian Shroder. Head of Legal Krishna Juvvadi and Chief Risk Officer Sidney Majalya are leaving the company, the Wall Street Journal reported, citing people familiar with the departures. Juvvadi was hired in May last year, and Majalya was appointed in December 2021. Deutsche Bank is working with Taurus, a Swiss startup specializing in cryptocurrency safekeeping, to establish digital asset custody and tokenization services, the companies said on Thursday. Germany’s biggest lender, Deutsche Bank, said in June it had applied for a crypto custody license from the country’s financial watchdog, BaFin. The bank’s publicly known crypto custody ambitions stretch back to early 2021, when details about a digital asset custody prototype appeared in a report by the World Economic Forum. Germany’s roll-out of rules for firms to custody crypto assets and, more broadly, Europe’s proposed regime for Markets in Crypto-Assets regulation (MiCA) are providing traditional finance firms with the clarity needed to explore the digital assets industry. Story continues Chart of the Day The chart shows net liquidity injections by the People's Bank of China (PBOC) since 2015. While the central bank has turned accommodative this year, it has not yet resorted to the flood-like stimulus seen in 2015-16. The battered crypto market has been looking to PBOC to compensate for the monetary tightening in the West. Source: Longview Economics, Macrobond Trending Posts Celsius, Core Scientific Resolve Acrimonious Mining Dispute With $45M Deal Binance.US Head of Legal and Chief Risk Officer Leaving the Crypto Exchange: WSJ Genesis Has Ceased All Crypto Trading Services: Spokesperson View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Selena Li\nHONG KONG, Oct 17 (Reuters) - Asian stocks rose in cautious trade on Tuesday, with investors choosing to focus on corporate earnings prospects and the resilience of the U.S. economy ahead of tensions in the Middle East.\nMSCI\'s broadest index of Asia-Pacific shares outside Japan advanced 0.4%. Tokyo\'s Nikkei rose 1%.\nOvernight the S&P 500 had climbed 1%, while oil prices and the U.S. dollar had fallen.\nA host of "favorable" signs from the strength of the U.S. consumer, economic growth, and interest rates supporting bank profits, gave reasons for hope, said Kerry Craig, a global market strategist at J.P. Morgan Asset Management.\nQuarterly results from Goldman Sachs and Bank of America are due on Tuesday, with Morgan Stanley, pharmaceutical giant Johnson & Johnson, Tesla and Netflix due later in the week.\nA recent shift in tone from Federal Reserve officials - hinting that interest rate hikes might be over - has also cheered investors and bond markets lately.\nBenchmark 10-year Treasury yields are about 15 basis points off 16-year highs, though they crept higher in Asia trade Tuesday to 4.7331%.\nInvestors are also trying to assess risks that a wider conflict breaks out in the Middle East which remains a "very fluid situation", Craig said.\nU.S. President Joe Biden will visit Israel on Wednesday as the country prepares to escalate an offensive against Hamas militants that has set off a humanitarian crisis in Gaza and raised fears of a broader conflict with Iran.\nIran\'s Foreign Minister said Israel would not be allowed to act in Gaza without consequences, warning of "preemptive action" by the "resistance front" in the coming hours.\nIsrael\'s shekel weakened beyond 4-to-the-dollar for the first time since 2015 on Monday, as it bears some of the brunt of worry and uncertainty about the Gaza situation.\nIn currency markets the Australian dollar ticked up a little to $0.6354 as minutes from the most recent central bank meeting struck a surprisingly hawkish tone, while the U.S. dollar steadied elsewhere.\nA slowdown in New Zealand inflation to a two-year low dented bets on any further interest rate hikes and the kiwi, which slipped 0.4% to $0.5906.\nThe euro traded at $1.0549 and the yen hovered just short of the 150-per-dollar mark at 149.53.\nChina\'s property sector, meanwhile, edged toward deeper trouble with Tuesday marking the end of a 30-day grace period on a late payment from developer Country Garden. If investors don\'t receive the coupon payment, all of Country Garden\'s offshore debts will be deemed in default.\nThe property sector was flat while the Hang Seng rose 0.8% on Tuesday. A mainland real estate index fell 0.6%.\nGold edged away from Friday\'s three-week high and was last at $1,915 an ounce. Brent crude futures had dropped more than $1 a barrel on Monday on hopes for an agreement that the U.S. will ease sanctions on Venezuelan oil.\nBrent futures were last down 23 cents or 0.25% to $89.43 a barrel. Bitcoin had leapt on Monday before giving up gains after BlackRock denied a report that it had won approval for a bitcoin exchange traded fund.\nIt was last at $28,353 after trading as high as $29.900 on Monday.\n(Reporting by Selena Li Editing by Shri Navaratnam)', 'By Selena Li HONG KONG, Oct 17 (Reuters) - Asian stocks rose in cautious trade on Tuesday, with investors choosing to focus on corporate earnings prospects and the resilience of the U.S. economy ahead of tensions in the Middle East. MSCI\'s broadest index of Asia-Pacific shares outside Japan advanced 0.4%. Tokyo\'s Nikkei rose 1%. Overnight the S&P 500 had climbed 1%, while oil prices and the U.S. dollar had fallen. A host of "favorable" signs from the strength of the U.S. consumer, economic growth, and interest rates supporting bank profits, gave reasons for hope, said Kerry Craig, a global market strategist at J.P. Morgan Asset Management. Quarterly results from Goldman Sachs and Bank of America are due on Tuesday, with Morgan Stanley, pharmaceutical giant Johnson & Johnson, Tesla and Netflix due later in the week. A recent shift in tone from Federal Reserve officials - hinting that interest rate hikes might be over - has also cheered investors and bond markets lately. Benchmark 10-year Treasury yields are about 15 basis points off 16-year highs, though they crept higher in Asia trade Tuesday to 4.7331%. Investors are also trying to assess risks that a wider conflict breaks out in the Middle East which remains a "very fluid situation", Craig said. U.S. President Joe Biden will visit Israel on Wednesday as the country prepares to escalate an offensive against Hamas militants that has set off a humanitarian crisis in Gaza and raised fears of a broader conflict with Iran. Iran\'s Foreign Minister said Israel would not be allowed to act in Gaza without consequences, warning of "preemptive action" by the "resistance front" in the coming hours. Israel\'s shekel weakened beyond 4-to-the-dollar for the first time since 2015 on Monday, as it bears some of the brunt of worry and uncertainty about the Gaza situation. In currency markets the Australian dollar ticked up a little to $0.6354 as minutes from the most recent central bank meeting struck a surprisingly hawkish tone, while the U.S. dollar steadied elsewhere. Story continues A slowdown in New Zealand inflation to a two-year low dented bets on any further interest rate hikes and the kiwi, which slipped 0.4% to $0.5906. The euro traded at $1.0549 and the yen hovered just short of the 150-per-dollar mark at 149.53. China\'s property sector, meanwhile, edged toward deeper trouble with Tuesday marking the end of a 30-day grace period on a late payment from developer Country Garden. If investors don\'t receive the coupon payment, all of Country Garden\'s offshore debts will be deemed in default. The property sector was flat while the Hang Seng rose 0.8% on Tuesday. A mainland real estate index fell 0.6%. Gold edged away from Friday\'s three-week high and was last at $1,915 an ounce. Brent crude futures had dropped more than $1 a barrel on Monday on hopes for an agreement that the U.S. will ease sanctions on Venezuelan oil. Brent futures were last down 23 cents or 0.25% to $89.43 a barrel. Bitcoin had leapt on Monday before giving up gains after BlackRock denied a report that it had won approval for a bitcoin exchange traded fund. It was last at $28,353 after trading as high as $29.900 on Monday. (Reporting by Selena Li Editing by Shri Navaratnam)', '(Our regular analysis of the wild world of cryptocurrencies. Repeats for additional subscribers) By Lisa Pauline Mattackal Oct 17 (Reuters) - The weak crypto market is wobbling through autumn. And winter\'s on its way. The long-anticipated U.S. launch of a group of exchange-traded funds tracking ether offered fresh evidence of the malaise at a time when investors are running from risk amid economic gloom and war in Ukraine and the Middle East. The six ETFs launched on Oct. 2 offering exposure to ether futures contracts pulled in just under $10 million in their first week of trading, according to CoinShares data. Ethereum products overall saw outflows of $7.5 million in the week to Oct. 13, the data shows. "The timing of the futures ETFs could hardly be worse," said Vetle Lunde, senior analyst at K33 Research. The week of Oct. 2 saw Treasury yields soar to their highest level in decades, while investors pulled money from riskier assets in the face of "higher-for-longer" interest rates. Ether prices have dropped over 5% so far this month and the size of the cryptocurrency market has dipped from $1.15 trillion to $1.12 trillion, according to CoinGecko. Trading volumes for the ether futures ETFs remained below $2 million on their first day, according to K33 Research. By contrast, the ProShares Bitcoin Strategy ETF, the first fund tracking bitcoin futures, saw around $570 million of inflows in its first day of trading in October 2021. The contrast with ETF launches during the height of the crypto craze in 2021 show how the institutional investors who drove much of the demand back then have retreated from digital assets as the macro picture has grown murkier and murkier. Crypto ETFs have experienced a slowdown in activity for months, with Lunde noting bitcoin ones globally had seen net outflows of 11,157 bitcoin between Aug. 1 and Oct. 3. Such funds are favored by many traditional investors as they offer easier access via regular stock exchanges without needing to directly hold crypto. Story continues Ben McMillan, chief investment officer at IDX Digital Assets, said his firm was positioning investments more defensively until there was more clarity around Federal Reserve policy and the likelihood of a recession. "Investors are battening down the hatches and looking at how to make their portfolios more defensive," McMillan added. "Speculative assets - even with a compelling growth thesis - are just a much lower priority now." BACK TO BITCOIN? Bitcoin\'s status as the original "digital gold" has supported it somewhat, outperforming ether with declines of about 2% this month. Bitcoin-focused ETFs saw inflows of $43 million in the week of Oct. 2, while bitcoin\'s share of the cryptocurrency market cap has crept up to 48% from 47%. Ether prices have risen 32% this year, lagging bitcoin which is up over 70%. The newly launched ETFs tracking solely ether futures on the Chicago Mercantile Exchange, from ProShares, VanEck and Bitwise, have all dipped over 6% since launch. ProShares and Bitwise also launched funds tracking a mixture of bitcoin and ether futures, while Valkyrie Funds converted its pure-play bitcoin ETF into one with exposure to both bitcoin and ether. These dual-exposure funds have performed better, with Bitwise\'s and ProShares\' down about 3% and Valkyrie\'s edging up 0.3%. McMillan at IDX noted that while the response to the ether futures ETFs has been underwhelming, factors such as the use of the Ethereum blockchain by large Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-17 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $555,205,392,000 - Hash Rate: 491483968.444345 - Transaction Count: 294257.0 - Unique Addresses: 645537.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: US Markets • RPM International, Acuity Brands And 3 Stocks To Watch Heading Into Wednesday • PIMCO Co-Founder Bill Gross Says 10-Year Treasury Yield Could Spike To 5% Soon • Fear & Greed Index Moves To 'Extreme Fear' Zone Amid Surge In Treasury Yields • Here's Why Real Estate Stocks Got Crushed Tuesday • Trump's SPAC Partner Digital World, Novavax, Palantir, And Tesla: Why These Stocks Are Trending Today? Crypto • 'Satoshi Nakamoto' Handle Tweets 2024 Halving Will Pave The Way For Transaction Fee Supremacy: 'They Want To Silence You' • Why Ripple's XRP Token Is Surging Over 5% Today? • Bitcoin, Ethereum, Dogecoin Tumble Amid Recession Worries: Analyst Says 'Uptober Has Been Temporarily Postponed' US Politics • Who's The Next House Speaker? A Look Into The Uncertainty Following Kevin McCarthy's Removal • Pro-Trump Historian Nitpicks Timing Of Ex-Presidential Aides' 'Mysterious' Outrage Amid 'Real And Planned' Damage To Institutions • From Allies To Critics: 24 Former Trump Aides Who Switched Sides • Kevin McCarthy Would Lose More Than Just The House Speaker's Position: Here's All At Stake • Kevin McCarthy Claps Back At Republicans Who Ousted Him: 'They Don't Get To Say They're Conservative' • Former White House Aide Accuses Trump Of Reserving 'Worst' Insults For Women Of Color • Crypto-Friendly Congressman Patrick McHenry Temporarily Assumes Role As US House Speaker • Trump's Niece Roasts Kevin McCarthy's Brief House Stint As Speaker For 'Approximately 27 Scaramuccis' • Marjorie Taylor Greene Sounds Alarm Amid Turbulent Times For GOP After Kevin McCarthy Ousted: 'There's Not A Plan' • Donald Trump Drops Off Forbes 400 Rich List Amid Civil Fraud Trial And Net Worth Scrutiny • Trump Hit With Gag Order In Civil Fraud Trial — Judge Says Ex-President's Remarks About His Staff, 'Unacceptable, Inappropriate And Will Not Be Tolerated' • Acting Speaker McHenry Orders Nancy Pelosi To Vacate Capitol Office: 'Please Vacate The Space Tomorrow' World Politics • Will Biden-Xi Jinping Clash Intensify? Billionaire Investor Ray Dalio Says 'Neither Country Wants To Go To War' • Hillary Clinton Slams US Supporters Of Russia's President: 'I Don't Understand Any American Siding With Putin' • Biden Administration Sting: Surprise Indictments Against Chinese Fentanyl Supply Chain Producers Electric Vehicles • Volkswagen Calls On Tesla, Rivian Veteran To Tackle EV Software Challenges • Nio Vs. Li Auto: Which Chinese EV Startup Is Winning The Stock Race? • Tesla Takes Cybertruck Testing To Mexico, Introduces New Accessories • Elon Musk Unveils Tesla's Auto Hazard Safety Upgrade: 'Your Car Just Got Better While You Slept' • Tesla Bull Shrugs Off Current Phase As 'Pause Into Next Phase Of Growth Story,' Calls UAW Strike A 'Win-Win' For EV Maker • Cybertruck Tows Raptor Vac At SpaceX Starbase — Is Elon Musk Teasing the Future of Mobility? Tech • Apple's Growth Engine Sputtering? Bullish Analyst Lists 4 Factors Behind Stock Downgrade • Is Cupertino's Next Trick A USB-C-Powered Apple Pencil 3? iOS 17.1 Beta 2 Drops Clues • Mark Zuckerberg's Meta Reportedly Set To Lay Off Employees In Metaverse Silicon Unit on Wednesday Communication • Is MrBeast Really Giving Away 10,000 iPhone 15 Pros On TikTok? Here's What You Need To Know • Spotify Takes On Amazon's Audible, To Let Premium Users Listen To 15 Hours Of Audio Books Space • Elon Musk Says SpaceX Deliveries To Orbit Set To Eclipse Rest Of The World — Here's How Many Tons Don't miss real-time alerts on your stocks - joinBenzinga Profor free!Try the tool that will help you invest smarter, faster, and better. This articleBitcoin, Ethereum, Dogecoin Tumble Amid Recession Worries, Who's The Next House Speaker? - Top Headlines Today While US Was Sleepingoriginally appeared onBenzinga.com . © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/AyLou21', 'Bitcoin', 11, '2023-10-17 03:18', 'https://www.reddit.com/r/ledgerwallet/comments/179me66/bitcoin/', 'I’m trying to get a better understanding of all the different ways my ledger can be compromised.\n\nSeed phrase - say I NEVER make digital or physical copies and my phrase is memory only.\n\nPasscode: same as above - no physical or digital copies. \n\nSmart contract - my understanding is there’s no way to authorize a transaction for BTC from my ledger via smart contract.\n\nWith all this said, is the only way I’ll ever get screwed is if I forget my seed phrase and/or passcode?', 'https://www.reddit.com/r/ledgerwallet/comments/179me66/bitcoin/', '179me66', [['u/RandomTask100', 10, '2023-10-17 08:02', 'https://www.reddit.com/r/ledgerwallet/comments/179me66/bitcoin/k583dcz/', 'I’ve been in this sub for 3 years. Not ONE of these worry-warts have gotten hacked. Every single victim was tricked into typing their seed phrase into a fake LL or they exposed the seedphrase online somehow. Don’t take photos of your seedphrase. Don’t save it in a word doc.', '179me66']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['When it comes to big ideas, investing guru Cathie Wood has more than a few. As the manager of theArk Investfamily of exchange traded funds (ETFs), Wood boldly predictsBitcoin(BTC-USD)will be worth $1.5 millionby 2030 andTesla(NASDAQ:TSLA) stock will have a $2,000 per share price tag by 2027.So, Wood is not shy aboutlooking to the futureand guessing where the world will be. Her ETFs are representative of some of the most disruptive technologies available. From artificial intelligence (AI), robotics, and autonomous robotaxis to digital payments, electric vehicles, and blockchain technology, they are all part of what Wood says are “technological breakthroughs evolving today and creating the potential for super-exponential growth tomorrow.” So, when she took notice of several digital leisure stocks, so did we.\nEarlier this year she released herBig Ideas 2023report that’s full of dramatic predictions of life-altering changes to come. One of the boldest forecasts concerns the growth of the digital consumer. That includes spending on online goods and services, non-fungible tokens (NFTs), online sports betting, video game software and services, and streaming video and audio. Expenditures in these fields will grow from not-so-humble beginnings of $6.6 trillion in 2022 to a massive $22.5 trillion opportunity by 2030.\nBecause the investment possibilities span numerous industries, here are seven of the best digital leisure stocks to buy to capitalize on this immense growth trajectory.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Michael Vi / Shutterstock.com\nConnected TV (CTV) is seen as one of the defining growth markets for the digital consumer. Some 85% of all U.S. households have access to at least one CTV, but their ad market is just 23% of total TV ad spending. The Big Ideas report says “CTV is at an inflection point and will take share from both linear TV and other digital ad budgets.”\nRoku(NASDAQ:ROKU) seems uniquely positioned to benefit from the shift. Thenumber of active Roku accountsgrew 16% in the second quarter from last year to 73.5 million on the strength of its Roku TV licensing program. Roku;s operating system continues to be the top-selling TV OS in the U.S., and Roku’s market share is larger than the next three largest TV OSs combined.\nWood also puts hermoney where her mouthis. Roku is the third largest holding in herArk Innovation ETF(NYSE:ARKK) behind Tesla andCoinbase Global(NASDAQ:COIN) with a current market value of over $535 million.\nWood has a $605 per share price target on Roku stock. That’s a near ten-fold increase needed by 2026 from its current levels. That doesn’t seem possible now, but longer term could be achievable. This stock easily earned its spot on our list of the best digital leisure stocks.\nSource: The Art of Pics / Shutterstock.com\nWood says “the convergence of video games and social media should sustain gaming revenue growth.”Microsoft(NASDAQ:MSFT) is arguably best poised to capture the lion’s share of the money spent here with its acquisition ofActivision Blizzard(NASDAQ:ATVI).\nThe tech giant is about to close its $69 billion takeover of the video game publisher after British regulators signed off on the transaction. That gives Microsoft access to some of the most important gaming titles on the market. Activision’sWorld of Warcraftremains the biggest massively multiplayer online (MMO) game with almost 121 million total players. In comparison, runner upFinal Fantasy XIV Onlinehas nearly 40 million.Call of Dutyalso continues to be a top game franchise with a fresh reboot ofModern Warfare II.\nBecause Microsoft agreed to sell theonline streaming rightsto Activision’s IP portfolio to the U.K.’sUbisoft Entertainment(OTCMKTS:UBSFY), the path to approval was sealed.\nWarren Buffett, however,dumped his Activision stakewhen it seemed like the deal wouldn’t be approved. While he bought shares mostly as an arbitrage play on the transaction, investors in Microsoft can still see the video game publisher take the stock to the next level. If you are looking for digital leisure stocks to buy, this is a great place to start.\nSource: sylv1rob1 / Shutterstock.com\nYou might be surprised to think ofApple(NASDAQ:AAPL) as another top gaming platform, but the tech leader happens to be the third largest player in the space by revenue. How can that be since it doesn’t produce any video games or software on its own? Because it takes a 30% cut of every single transaction made through the App Store, whether an app purchase or an in-game transaction. The commission drops to 15% after a year or if the developer earns less than $1 million in annual App Store sales.\nStill, the $15 billion or so in annual revenue it rakes in makes it amongst the highest sales generators in gaming. Apple announced back in May the App Store had generatedmore than $1.1 trillion in 2022, with two-thirds of that coming from mobile games. Services like App Store are where Apple’sfuture growth will comefrom.\nThe tech stock is also developing its own alternate reality headset, calledApple Vision Pro, or “spatial computing,” as Apple refers to it. It will allow users to feel the physicality of digital objects.\nConsider Apple stock as a backdoor way to get into gaming with a big tech boost to juice returns.\nSource: Tada Images / Shutterstock.com\nAnother play on the CTV market isThe Trade Desk(NYSE:TTD). It is the premier software provider for advertisers targeting specific online audiences. It remains one of the best stocks in the business and is the largest independent demand-side platform. While this may not be the first on you think about when it comes to digital leisure stocks, hear us out on it.\nThe Trade Desk charges its customers a 20% commission for the privilege of buying advertising on its platform. It might appear audacious on its face, but it indicates just how good the company is at what it does.Clients obviously like the results they get because they continue to spend more money on the platform than they did previously. Second quarter revenue jumped 23% year over year with adjusted EBITDA margin increasing 200 basis points to 39%.\nAd buyers also returned in droves, allowing The Trade Desk to achieve a95% customer retention rate. It’s a record it has maintained for over nine consecutive years.\nThe total addressable market for the advertising industry is moving rapidly toward $1 trillion. Notably, the privacy features Apple recently launched for iOS users that created a huge tumult in the online ad industry imposelittle to no impacton The Trade Desk’s business.\nAs Wood notes, digital advertising has a long runway of growth pushed higher by the CTV tailwind. Look for The Trade Desk to ride that wave for years to come.\nSource: Ascannio / Shutterstock.com\nWith four of the biggest social media apps to its name,Meta Platforms(NASDAQ:META) will also win the digital ad game. Wood points out that because 40% of Gen Z consumers use the likes of TikTok and Instagram to search the way their parents use Google, “social platforms with the best recommendation engines should command the majority of ad budgets.”\nMeta, of course, owns Instagram, along with Facebook, WhatsApp, and Messenger. Its Threads “Twitter killer app” remains a work in progress. Its primary social media apps have a combined 3.9 billion monthly active users. Because there are an estimated4.9 billion social media users worldwide, or 60% of the global population, Meta has an outsized influence on what people see and hear.\nTikTok is a threat to be sure. As of 2022, it accounted for just $10 billion in search, video, and social media advertising, or about 2% of the $470 billion total. Yet it is rapidly nearing exceeding that taken in by Facebook, Instagram, Snapchat, and Twitter.\nStill, Meta’s willingness to “borrow” the best ideas from its competitors means it should do well for the foreseeable future. Its TikTok knockoff Reelsenjoys over 200 billion daily plays. New ad features could result in the apps becoming substantial revenue contributors on their own.\nSource: Lori Butcher / Shutterstock.com\nOne of the remaining big avenues for digital leisure spending is online sports betting. After the Supreme Court struck down a ban on sports betting as unconstitutional in 2018, it spread to 36 states.DraftKings(NASDAQ:DKNG) is the second largest sportsbook behindFlutter Entertainment‘s (OTCMKTS:PDYPF) FanDuel and operates in 21 states.\nDraftKings has2.1 million active monthly users, or abouthalf of FanDuel’s total. Yet FanDuel’s market share slipped to 47% from 50% while DraftKing’s share grew to 35%. That’s DraftKing’s highest share in three years.\nWood’s Big Ideas report forecasts online sports betting will expand at a 27% compounded annual growth rate through 2027. The industry will hit $330 billion in volume by then. That’s far faster than the 11% growth rate estimated for in-person betting, which will total just $27 billion.\nThere may be more states coming online too. Kentucky, North Carolina, Vermont, and Puerto Rico all passed legislation that will allow for mobile sports betting. An additional 12 states are considering allowing it as well.\nOnline gambling could provide additional growth in the future. After its acquisition of Golden Nugget Online Gaming in 2022, DraftKings is now the market share leader in a number of states. Most of the share loss has come from rivalMGM Resorts(NYSE:MGM).\nWood recentlysold off some of her stakein DraftKings. She was taking profits after the sportsbook’s meteoric rise this year. Shares are up 150% so far. The investing guru owns about 13.3 million shares, down from her peak holdings of 24 million shares a year ago. Still, it’s a serious commitment to the sportsbook. DraftKings is rapidly changing the game for all digital leisure stocks.\nSource: Fabio Principe / Shutterstock.com\nFilling out the card in the seventh spot is music streaming platformSpotfiy(NYSE:SPOT). It is theworl Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-18 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $552,690,016,462 - Hash Rate: 439908490.27425945 - Transaction Count: 271345.0 - Unique Addresses: 613906.0 Social & AI Sentiment: - Fear & Greed Index: 0.50 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: By Hannah Lang WASHINGTON (Reuters) -The U.S. securities regulator was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund, a federal appeals court ruled on Tuesday, in a landmark victory that could pave the way for the first product of its kind. A three-judge panel of the District of Columbia Court of Appeals in Washington said the Securities and Exchange Commission (SEC) failed to fully explain its reasoning when denying Grayscale's product and should review its decision. The price of bitcoin, the world's largest cryptocurrency, was last up more than 6% at $27,858 following the news. A spot bitcoin ETF would track its underlying market price, giving investors exposure to the digital asset without having to buy the currency. The SEC has denied all proposed bitcoin ETFs, including Grayscale's, saying they do not meet its bar for preventing market manipulation. While the ruling does not mean Grayscale's ETF is automatically approved, it is a big boost for the decade-long industry effort to advance a bitcoin ETF product. The court decision is a "historic milestone for American investors," Grayscale CEO Michael Sonnenshein said in a statement. A Grayscale spokeswoman added that the company was reviewing the details and would pursue "next steps with the SEC." The SEC has 45 days to appeal the ruling. An agency spokesperson said it was reviewing the court's decision in order to determine next steps. The cryptocurrency industry was quick to hail the ruling. Several other asset managers, including BlackRock, Fidelity and Invesco, have similar filings pending with the SEC for a spot bitcoin ETF. "This ruling is not just about Grayscale or Bitcoin, it sets a precedent for the broader crypto industry," said Ji Kim, general counsel and head of global policy at the Crypto Council for Innovation. CRYPTO WIN The SEC rejected Grayscale's application for a spot bitcoin ETF in June 2022, arguing the proposal did not meet anti-fraud and investor protection standards. It cited the same reason in its denial of dozens of other applications for similar products, including those from Fidelity and VanEck. Story continues Grayscale sued the SEC, arguing that because the agency previously approved certain surveillance agreements to prevent fraud in bitcoin futures-based ETFs, the same setup should also be satisfactory for Grayscale's spot fund, since both spot and futures funds rely on bitcoin's price. The court said in its ruling that the SEC failed to explain why it disagreed with Grayscale's assertion that the bitcoin spot and futures markets are 99.9% correlated. "The Commission’s unexplained discounting of the obvious financial and mathematical relationship between the spot and futures markets falls short of the standard for reasoned decisionmaking," the court said in its opinion, which was filed by Judge Neomi Rao of the D.C. Court of Appeals. The ruling is the second major legal victory for the crypto industry in recent weeks, after a judge ruled in July, in a case brought by the SEC, that Ripple Labs did not violate federal laws by selling its XRP token on public exchanges. The SEC has said it plans to appeal that finding. If the SEC appeals the Grayscale ruling, the case would go either to the U.S. Supreme Court or a review by the entire D.C. appeals court. If the SEC chooses not to appeal, the court would issue a mandate specifying how its decision should be executed. That could include instructing the SEC to approve the application, or to revisit Grayscale's application, in which case the SEC could still reject the proposal on other grounds. It remains to be seen how the ruling might affect proposals submitted in June by BlackRock, the world's largest asset manager, and several other firms to offer spot bitcoin ETFs. The SEC has yet to deliver a decision on those applications. (Reporting by Hannah Lang in Washington; Additional reporting by Chris Prentice in New York; Editing by Paul Simao, Matthew Lewis, Tomasz Janowski and Jonathan Oatis)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['• Stocks fell Wednesday as escalating tensions in the Middle East pushed oil up.\n• Treasury yields also pressure equities, with the 10-year touching a fresh 16-year high.\n• Earning season continues, with Netflix and Tesla set to report after the closing bell.\nUS stocks tumbled Wednesday as oil prices jumped and Treasury yields swung up to highs not seen since 2007.\nThe Dow Jones Industrial Average fell more than 300 points, while the S&P 500 dropped about 1.3%. The tech-heavy Nasdaq tumbled 1.6%.\nTensions between Israel and Hamas were ratcheted up after a hospital in the Gaza Strip exploded, killing an estimated 500 Palestinians. With both parties throwing blame on the other, the event dims hopes that the conflict will soon de-escalate.\nIran called for an embargo on Israel oil, and crude prices climbed mid-day, before trimming gains. If the conflict grows to involve other Middle Eastern states, oil pricesare expected to rise, with one estimate forecasting Brent to go as high as $150 a barrel.\nMeanwhile, Treasurys resumed their sell-off, causing bond yields to hit fresh records. Most notably, the 30-year rate broke through the 5% barrier, with the 10-year note following closely behind, touching 4.9% for the first time since 2007.\n"Financial markets, keenly focused on the path of the 10-year Treasury yield, are increasingly concerned that the next move higher could be on the cusp of 5%, and whether the broader economy is equipped to assimilate the higher cost of capital," Quincy Krosby, Chief Global Strategist for LPL Financial, said.\nWednesday did see some demand return for Treasurys, withthe latest auction of 20-year bondsdrawing more interest than other recent sales of long-dated bonds. This follows after buyers pulled back from last year\'s auction, causing concern of a more widespread trend.\nMeanwhile, earnings reports continued through the day, with Tesla and Netflix set to report after the closing bell.\nNotable earnings earlier in the day included Morgan Stanley, whose profits came in below estimates, and United Airlines, which fell 8% on warnings of elevated fuel prices and risks from the Israel-Hamas conflict.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday:\n• S&P 500: 4,314.60, down 1.34%\n• Dow Jones Industrial Average: 33,665.35, down 0.98% (-332.30 points)\n• Nasdaq Composite: 13,314.30, down 1.62%\nHere\'s what else is going on:\n• Expect a spot Bitcoin ETF this year, Mike Novogratz says, as the SEC\'s opposition makes "intellectually zero sense."\n• China\'s Country Garden developer reportedly missed afinal bond payment deadline.\n• Economists now see chances of a recession below 50%. Here\'s howconsensus has shifted over time.\n• Stock market gains may be coming, as areliable buy signal just flashed through markets.\n• Jeffrey Gundlach says long-dated Treasurys are worth buying, withbond prices set to rise in a 2024 recession.\nIn commodities, bonds, and crypto:\n• West Texas Intermediateclimbed 1.87% higher to $88.28 a barrel.Brent crude, the international benchmark, rose 1.7% to $91.39 a barrel.\n• Goldrose 1.47% to $1,964.10 per ounce.\n• The10-year Treasury yieldincreased six basis points to 4.908%.\n• Bitcoinslipped 0.26% to $28,274.\nRead the original article onBusiness Insider', 'Rocket barrages launched towards Israel from Gaza. REUTERS Stocks fell Wednesday as escalating tensions in the Middle East pushed oil up. Treasury yields also pressure equities, with the 10-year touching a fresh 16-year high. Earning season continues, with Netflix and Tesla set to report after the closing bell. US stocks tumbled Wednesday as oil prices jumped and Treasury yields swung up to highs not seen since 2007. The Dow Jones Industrial Average fell more than 300 points, while the S&P 500 dropped about 1.3%. The tech-heavy Nasdaq tumbled 1.6%. Tensions between Israel and Hamas were ratcheted up after a hospital in the Gaza Strip exploded, killing an estimated 500 Palestinians. With both parties throwing blame on the other, the event dims hopes that the conflict will soon de-escalate. Iran called for an embargo on Israel oil, and crude prices climbed mid-day, before trimming gains. If the conflict grows to involve other Middle Eastern states, oil prices are expected to rise , with one estimate forecasting Brent to go as high as $150 a barrel. Meanwhile, Treasurys resumed their sell-off, causing bond yields to hit fresh records. Most notably, the 30-year rate broke through the 5% barrier, with the 10-year note following closely behind, touching 4.9% for the first time since 2007. "Financial markets, keenly focused on the path of the 10-year Treasury yield, are increasingly concerned that the next move higher could be on the cusp of 5%, and whether the broader economy is equipped to assimilate the higher cost of capital," Quincy Krosby, Chief Global Strategist for LPL Financial, said. Wednesday did see some demand return for Treasurys, with the latest auction of 20-year bonds drawing more interest than other recent sales of long-dated bonds. This follows after buyers pulled back from last year\'s auction, causing concern of a more widespread trend. Meanwhile, earnings reports continued through the day, with Tesla and Netflix set to report after the closing bell. Notable earnings earlier in the day included Morgan Stanley, whose profits came in below estimates, and United Airlines, which fell 8% on warnings of elevated fuel prices and risks from the Israel-Hamas conflict. Story continues Here\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday: S&P 500 : 4,314.60, down 1.34% Dow Jones Industrial Average : 33,665.35, down 0.98% (-332.30 points) Nasdaq Composite : 13,314.30, down 1.62% Here\'s what else is going on: Expect a spot Bitcoin ETF this year, Mike Novogratz says, as the SEC\'s opposition makes " intellectually zero sense ." China\'s Country Garden developer reportedly missed a final bond payment deadline . Economists now see chances of a recession below 50%. Here\'s how consensus has shifted over time . Stock market gains may be coming, as a reliable buy signal just flashed through markets . Jeffrey Gundlach says long-dated Treasurys are worth buying, with bond prices set to rise in a 2024 recession . In commodities, bonds, and crypto: West Texas Intermediate climbed 1.87% higher to $88.28 a barrel. Brent crude , the international benchmark, rose 1.7% to $91.39 a barrel. Gold rose 1.47% to $1,964.10 per ounce. The 10-year Treasury yield increased six basis points to 4.908%. Bitcoin slipped 0.26% to $28,274. Read the original article on Business Insider', 'Increased Bitcoin Use, Technological Advancements, and Growing Investor Interest Driving Growth of Crypto ATM Market\nRockville , Oct. 19, 2023 (GLOBE NEWSWIRE) -- The globalcrypto ATM marketis exhibiting unprecedented growth as digital currency use continues to gain traction. The market is estimated at a value of US$ 181 million in 2023 and is projected to expand swiftly at a CAGR of 57% through the forecast period (2023 to 2033), as per a new study conducted by Fact.MR, a market research and competitive intelligence provider.\nGet Free Sample Copy of This Report:https://www.factmr.com/connectus/sample?flag=S&rep_id=8969\nThe crypto ATM business is expanding rapidly owing to many factors such as rising bitcoin use, technological developments, and increased investor interest. Bitcoin is riding the tide of cryptocurrency acceptance, providing customers with a simple and safe means of accessing digital assets. The industry is positioned for significant expansion in the near future, owing to rapid technological breakthroughs and supportive regulatory reforms.\nCryptocurrency ATMs serve as a vital link between established banking systems and the world of cryptocurrencies. These machines make it simple for users to enter and traverse the cryptocurrency industry, thus offering valuable access and liquidity. Crypto ATMs are projected to remain a vital part of the Bitcoin ecosystem as the digital asset landscape evolves.\n[{"Report Attribute": "Value Projection (2033)", "Details": "US$ 16.85 Billion"}, {"Report Attribute": "Growth Rate (2023-2033)", "Details": "57% CAGR"}, {"Report Attribute": "No. of pages", "Details": "170 Pages"}, {"Report Attribute": "No. of Tables", "Details": "80 Tables"}, {"Report Attribute": "No. of Figures", "Details": "219 Figures"}]\nKey Takeaways from Market Study\n• The global crypto ATM market is currently estimated at US$ 181 million.\n• The market is projected to accelerate at a high-value CAGR of 57% and reach US$ 16.85 billion by the end of 2033.\n• The one-way segment led the market in 2022, accounting for more than 68% of global revenue share.\n• North America held a leading market share of 45% in 2022.\n• The two-way segment in Asia Pacific is projected to expand significantly and become a key segment over the coming years.\n• The hardware segment accounted for 75% of the global market in 2022.\n• The Bitcoin segment contributed 30% revenue share in 2022.\n• Restaurants and other hospitality spaces collectively accounted for a leading market share of 31% in 2022.\n“The crypto ATM market benefits from the broader trends of digital transformation and rising adoption of cryptocurrency. These trends are altering financial services and the way people interact with money. Crypto ATMs are at the crossroads of these shifts, offering a physical and accessible entry point into the realm of digital banking while addressing the expanding requirements of the consumers in an increasingly digital and decentralized financial landscape,”\xa0says\xa0a Fact.MR analyst.\nKey Companies Profiled in This Report\n• BITCOIN DEPOT\n• Bitstop\n• Cash Cloud, Inc.\n• Coinsource\n• Covault LLC\n• Bitaccess Inc.\n• Cryptomat\n• GENERAL BYTES s.r.o\n• Genesis Coin Inc.\n• Kurant GmbH\n• Lamassu Industries AG\n• RockitCoin\n• Coinme\n• Coin ATM Radar\n• Soft-logic Co.\n• Byte Federal Inc.\n• Chain B Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-19 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $553,121,664,712 - Hash Rate: 424739231.98894006 - Transaction Count: 282007.0 - Unique Addresses: 649723.0 Social & AI Sentiment: - Fear & Greed Index: 0.52 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Kuala Lumpur, Malaysia--(Newsfile Corp. - September 12, 2023) - RXT Capital LTD is pleased to announce an investment in REE (Rare Earth Elements). The secret in developing environmentally friendly energy technology relies heavily on REE or commonly called Rare Earth Metals (LTJ). This metal is used in all semiconductors for cell phones, computers, turbines, and others. Currently, the price of REE is very expensive, but its existence is very necessary for the future of renewable energy. Neighboring countries like Indonesia, even though they have REE, have many obstacles to mining and processing them. By collaborating with Green Snow Tech which has started this, RXT Capital is maximizing the opportunity for investors around the world to take part in this mining. Figure 1 To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/180333_a96fcc2844881947_001full.jpg RXT Capital LTD Hong Kong has taken 51% total ownership of the REE Mine. This step was taken in preparation for using Blockchain as a means for STO to share ownership. RXT Capital LTD, owner of RXT Token, has currently issued BOND Crypto worth ,500,000,000 USDT for Bitcoinland. For REE Mining, RXT Capital has opened a Trust Account Under Hong Kong Trust Capital Management (HKTCM), as the first step to make REE Mining accessible to investors all over the world. Figure 2 To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/180333_a96fcc2844881947_002full.jpg RXT Capital plans to obtain fresh funds amounting to 3,000,000,000 USD (Three Billion USD) to start this business. Continuing to prioritize RXT (Rimaunangis) Token as its Token utility, RXT Capital LTD will continue to develop its business line as part of RXT World. This REE mine is located in Perak Province, with an initial area of 100 acres, and will increase to 5000 acres. Of course big names in Malaysia such as Petronas and the Malaysian Nuclear Agency will provide support. In this agreement, Dato Abdul Haadi Azhar as CEO of RXT Capital LTD and Dato Nik Abdul Mubin as CEO of Grennsnow Technologies SDN BHD, said it was time for the study, which had been carried out since 2021, to be enjoyed by the world. Figure 3 To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9711/180333_a96fcc2844881947_003full.jpg RXT Capital and Greensnow Tech SDN BHD will bring the world to Green Energy that is more affordable and can be enjoyed by everyone. From Malaysia and Hong Kong to the World. RXT Capital LTDHong Kong Contact details:John [email protected] To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/180333... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Amid a global slowdown in venture investments for crypto projects, some companies continue to buck the trend.SynFutures, a decentralized crypto derivatives exchange, has completed a $22 million Series B funding round. Pantera Capital led the round, with participation from HashKey Capital and SIG DT Investments, a member of the Susquehanna International Group.\nSynFutures is rolling out its proprietary automated market maker (AMM) called Oyster alongside its new raise. AMM, which emerged with the rise of decentralized finance or DeFi, uses algorithmic robots to make it easier for traders to buy and sell crypto assets, rather than having them trade with a traditional order book.\nIn an interview with TechCrunch, SynFutures\' co-founder and CEO Rachel Lin compared her company to Amazon where "any market maker can list assets in 30 seconds." The speed is possible thanks to the use of smart contracts, which are lines of code on a blockchain that execute actions based on predetermined conditions. On Oyster, these programs are responsible for everything from pricing to settlements to PnL (profit and loss) analysis.\nWhile AMM has become the backbone of DeFi, SynFutures wants to address one of DeFi\'s biggest challenges today -- capital efficiency -- by enabling on-chain orderbook functionalities that are normally associated with traditional finance.\nAs weexplainedin our coverage of Brine Fi, another Pantera-backed DeFi exchange:\nAn orderbook, as in a traditional stock market, matches buyers and sellers based on price and quantity. It allows for types of orders not possible on a DEX, which are ideal for institutional traders because it lets them better manage their positions under different market conditions and minimize slippage, the different trade execution price than intended.\nSynFutures\' target users, according to Lin, are "high net-worth individuals and small institutions." To date, the company has amassed some 100,000 all-time traders (though one trader might have various wallet addresses). Its trading volume since October 2021 has reached $21 billion.\nThat\'s a lot of money overseen by SynFutures\' small team. Compared to the behemoth size of centralized exchanges, the startup has managed to stay lean thanks to its use of smart contract that automates listing, employing a team of around 20 employees.\nSynFutures is one of many startups capitalizing on a new demand spurred by FTX\'s demise, namely, the need for more transparent, decentralized forms of crypto trading. All transactions facilitated by SynFutures happen on-chain, and users\' funds are stored in self-custodial wallets.\n"There\'s no way for us to do any backdoor out there," noted Lin. "For every fund, you could see yourself: how are the funds doing? What is the exact price that you\'re trading at? What is the exact liquidity line?"\nLin expects another DeFi boom in the next two years as its underlying blockchain technology matures. She noted that three years ago when "DeFi summer" came, crypto spot trading volume was less than 1% of the market\'s total spot trading volume; right now, its share is13-14%.\n"Derivatives have another dimension, call time, so it has a much higher requirement on infrastructures because there\'s liquidation involved," Lin explained.\nSynFutures has bold ambitions to challenge centralized exchanges and even traditional financial giants like JPMorgan someday. Of course, these entrenched players are not complacent and gearing up to defend their positions.\nHaving worked at Deutsche Bank, Lin observed that traditional financial institutions are indeed experimenting with blockchain -- one needs to look no further thanFidelity and BlackRock\'s rush into Bitcoin ETF.However, these efforts tend to be quite separate from their core money-making products. "There are a lot of departments and internal politics," she added.\nAs with centralized finance, security is a major concern for DeFi as the underpinning smart contracts are vulnerable to hacking attempts. Curve, one of the largest decentralized exchanges,lost $62 million this yeardue to a programming bug.\nAnother pressing issue for DeFi is regulatory uncertainty. While regulators are currently fixated on centralized crypto services like Binance for their significant market size (it\'s also easier to target a centralized entity), there are still no clear guidelines from any jurisdiction on how compliance can be done on DeFi, said Lin, though there are examples to draw from.\nOne of the existing practices requires institutions to undergo a know-your-customer (KYC) process before they can participate in certain whitelisted-only pools. The other way to work toward compliance is for DeFi protocols themselves to remain permissionless -- the gateways, for example, wallets and exchanges that offer access to the protocols -- to introduce the KYC layer.\n"For example, for the latter approach, users burn or mint USDC via their KYC’d wallets, but once that USDC is minted, it can be freely transferred to third parties," explained Lin. "Here, while on-chain AML [anti-money laundering] checks would still apply due to the industry’s ‘blacklist’ practice, which blocks known terrorist or hacker wallet addresses, these third parties would not be KYC’d."\nBrine Fi challenges Coinbase, Binance with decentralized exchange as it nets Pantera-led $16.5M round', 'Amid a global slowdown in venture investments for crypto projects, some companies continue to buck the trend. SynFutures , a decentralized crypto derivatives exchange, has completed a $22 million Series B funding round. Pantera Capital led the round, with participation from HashKey Capital and SIG DT Investments, a member of the Susquehanna International Group. SynFutures is rolling out its proprietary automated market maker (AMM) called Oyster alongside its new raise. AMM, which emerged with the rise of decentralized finance or DeFi, uses algorithmic robots to make it easier for traders to buy and sell crypto assets, rather than having them trade with a traditional order book. In an interview with TechCrunch, SynFutures\' co-founder and CEO Rachel Lin compared her company to Amazon where "any market maker can list assets in 30 seconds." The speed is possible thanks to the use of smart contracts, which are lines of code on a blockchain that execute actions based on predetermined conditions. On Oyster, these programs are responsible for everything from pricing to settlements to PnL (profit and loss) analysis. While AMM has become the backbone of DeFi, SynFutures wants to address one of DeFi\'s biggest challenges today -- capital efficiency -- by enabling on-chain orderbook functionalities that are normally associated with traditional finance. As we explained in our coverage of Brine Fi, another Pantera-backed DeFi exchange: An orderbook, as in a traditional stock market, matches buyers and sellers based on price and quantity. It allows for types of orders not possible on a DEX, which are ideal for institutional traders because it lets them better manage their positions under different market conditions and minimize slippage, the different trade execution price than intended. SynFutures\' target users, according to Lin, are "high net-worth individuals and small institutions." To date, the company has amassed some 100,000 all-time traders (though one trader might have various wallet addresses). Its trading volume since October 2021 has reached $21 billion. That\'s a lot of money overseen by SynFutures\' small team. Compared to the behemoth size of centralized exchanges, the startup has managed to stay lean thanks to its use of smart contract that automates listing, employing a team of around 20 employees. Demand for decentralization SynFutures is one of many startups capitalizing on a new demand spurred by FTX\'s demise, namely, the need for more transparent, decentralized forms of crypto trading. All transactions facilitated by SynFutures happen on-chain, and users\' funds are stored in self-custodial wallets. Story continues "There\'s no way for us to do any backdoor out there," noted Lin. "For every fund, you could see yourself: how are the funds doing? What is the exact price that you\'re trading at? What is the exact liquidity line?" Lin expects another DeFi boom in the next two years as its underlying blockchain technology matures. She noted that three years ago when " DeFi summer " came, crypto spot trading volume was less than 1% of the market\'s total spot trading volume; right now, its share is 13-14% . "Derivatives have another dimension, call time, so it has a much higher requirement on infrastructures because there\'s liquidation involved," Lin explained. SynFutures has bold ambitions to challenge centralized exchanges and even traditional financial giants like JPMorgan someday. Of course, these entrenched players are not complacent and gearing up to defend their positions. Having worked at Deutsche Bank, Lin observed that traditional financial institutions are indeed experimenting with blockchain -- one needs to look no further than Fidelity and BlackRock\'s rush into Bitcoin ETF. However, these efforts tend to be quite separate from their core money-making products. "There are a lot of departments and internal politics," she added. Uncertainty abounds As with centralized finance, security is a major concern for DeFi as the underpinning smart contracts are vulnerable to hacking attempts. Curve, one of the largest decentralized exchanges, lost $62 million this year due to a programming bug. Another pressing issue for DeFi is regulatory uncertainty. While regulators are currently fixated on centralized crypto services like Binance for their significant market size (it\'s also easier to target a centralized entity), there are still no clear guidelines from any jurisdiction on how compliance can be done on DeFi, said Lin, though there are examples to draw from. One of the existing practices requires institutions to undergo a know- Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-20 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $571,471,426,400 - Hash Rate: 406536122.04655695 - Transaction Count: 295888.0 - Unique Addresses: 705226.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: A technical analysis indicator shows extreme oversold conditions in bitcoin as surgingbond yieldsweigh over risk assets, including cryptocurrencies. Bitcoin's 14-day relative strength index (RSI) has dropped well below 30, indicating oversold conditions. The indicator has dropped to its lowest since the coronavirus-induced crash of March 2020. The RSI is a momentum indicator ranging between 0 to 100 that shows the asset's recent price movement relative to its average price movement over a specific period, usually 14 days. A reading below 30 reflects oversold conditions, implying that the price has dropped too quickly relative to its recent average. Meanwhile, a reading above 70 indicates overbought conditions. One of the mistakes that thecrypto communityon X (formerly Twitter) and most rookie traders make is to consider oversold and overbought readings as advance hints of an impending bullish and bearish reversal. But that's not the case. An oversold RSI reading means prices have dropped too quickly – that's it, while overbought reading indicates prices have rallied fast. If anything, the latest below-30 or oversold reading on the RSI is a sign of strengthening bearish momentum. As the old saying goes, indicators can stay oversold longer than dip buyers can stay solvent. According to Alex Kuptsikevich, senior market analyst at the FxPro, bitcoin's trend has shifted bearish. "Bitcoin closed the [last] week with a notable drop below its 200-week and 200-day moving averages, signaling a shift to a bearish trend. From current levels near $26,000, the following area of decline appears to be the last pivot area at $24,700," Kuptsikevich said in an email. Bitcoin changed hands at $26,000 at press time. Prices fell over 10% last week as the yield on the 10-year U.S. inflation-indexed security nearly rose to 2%, hitting the highest since 2009.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['The US government owns over $5 billion worth of bitcoin, according to a recent analysis. Getty Images The US government has seized at least $5.5 billion worth of bitcoin since 2020, according to analysts. Its stake makes it one of the world\'s largest crypto "whales". Whether it holds or sells its bitcoin stash could have a huge impact on the token\'s price. The US government owns billions of dollars worth of bitcoin –\xa0and whether it decides to hold or sell could have a big impact on the cryptocurrency\'s price. Public filings show Washington has seized over 200,000 tokens from cybercriminals since 2020, according to crypto firm 21.co . Its holdings are worth $5.5 billion in total, analysts estimated – making the US one of the world\'s largest bitcoin "whales", a term that digital-asset enthusiasts use to refer to individuals or groups that own large amounts of the crypto. Tokens seized from the online black market Silk Road , its founder James Zhong , and criminals who hacked the Bitfinex exchange back in 2016 make up a large amount of the government\'s bitcoin stash, per 21.co\'s data. In the past, the government has tended to dump its stakes via auction after relevant legal proceedings have been completed, and then use the money to reimburse victims. For example, Washington sold 9,861 previously-seized bitcoins via Coinbase in March and gave $300,000 worth of compensation to Bitfinex in July, according to the Wall Street Journal . The government\'s sales could conceivably swing the price of the world\'s largest token by total market capitalization, with digital-asset trading volumes grinding to a halt over the past year. In 2022, crypto prices cratered as the Federal Reserve\'s aggressive interest-rate hikes and the collapse of high-profile companies like FTX weighed on investors\' enthusiasm for the sector. Bitcoin crashed below $20,000 and has barely recovered despite a rally for risk assets this year, with the token trading in a narrow range between $26,000 and $31,000 since mid-March. Story continues Lower volatility means that whales can drive big swings all by themselves –\xa0so what the government decides to do with its $5.5 billion stash could have a major impact on bitcoin\'s price. Read more: From Sam Bankman-Fried\'s arrest to bitcoin plunging below $20,000, here are the 9 craziest crypto stories of 2022 Read the original article on Business Insider', '• The US government has seized at least $5.5 billion worth of bitcoin since 2020, according to analysts.\n• Its stake makes it one of the world\'s largest crypto "whales".\n• Whether it holds or sells its bitcoin stash could have a huge impact on the token\'s price.\nThe US government owns billions of dollars worth ofbitcoin–\xa0and whether it decides to hold or sell could have a big impact on the cryptocurrency\'s price.\nPublic filings show Washington has seized over 200,000 tokens from cybercriminals since 2020, according to crypto firm21.co.\nIts holdings are worth $5.5 billion in total, analysts estimated – making the US one of the world\'s largest bitcoin "whales", a term that digital-asset enthusiasts use to refer to individuals or groups that own large amounts of the crypto.\nTokens seized from the online black marketSilk Road, its founderJames Zhong, and criminals whohacked the Bitfinex exchangeback in 2016 make up a large amount of the government\'s bitcoin stash, per 21.co\'s data.\nIn the past, the government has tended to dump its stakes via auction after relevant legal proceedings have been completed, and then use the money to reimburse victims.\nFor example, Washington sold 9,861 previously-seized bitcoins via Coinbase in March and gave $300,000 worth of compensation to Bitfinex in July, according to theWall Street Journal.\nThe government\'s sales could conceivably swing the price of the world\'s largest token by total market capitalization, with digital-asset trading volumes grinding to a halt over the past year.\nIn 2022, crypto prices cratered asthe Federal Reserve\'s aggressive interest-rate hikesandthe collapse of high-profile companies like FTXweighed on investors\' enthusiasm for the sector.\nBitcoin crashed below $20,000 and has barely recovered despite a rally for risk assets this year, with the token trading in a narrow range between $26,000 and $31,000 since mid-March.\nLower volatility means that whales can drive big swings all by themselves –\xa0so what the government decides to do with its $5.5 billion stash could have a major impact on bitcoin\'s price.\nRead more:From Sam Bankman-Fried\'s arrest to bitcoin plunging below $20,000, here are the 9 craziest crypto stories of 2022\nRead the original article onBusiness Insider', "New York --News Direct-- RoundHouse Media When Bitcoin (BTC) emerged, mining the cryptocurrency was on the rave. By solving simple math problems using a computer, many beginner cryptocurrency enthusiasts became millionaires without spending too much money. Of course, this was when Bitcoin started, and it was still relatively cheap. Now, Bitcoin is worth thousands of dollars, and mining costs just as much. TLDR If you missed Bitcoin mining, which has become costly and environmentally taxing, NuggetRush is a profitable alternative. NuggetRush presents a fresh opportunity for those who missed Bitcoin mining, combining gaming, NFTs, and crypto investments. Its token, NUGX, is available at a discount in its presale, with a 100% potential profit. If you're among the people who missed the opportunity more than a decade ago, another opportunity knocks. NuggetRush (NUGX) is a fast-rising cryptocurrency project that allows investors to mine and earn massively without owning an expensive computer rig or spending thousands of dollars. The platform plans to feature an interactive play-to-earn (P2E) meme game where players can explore mines for in-game assets, which can be exchanged for real value. Let's delve into the myriad of NuggetRush's mouth-watering benefits. NuggetRush (NUGX) Offers Affordable Mining And Enticing NFT Investing The novel P2E cryptocurrency platform utilizes its GameFi model to support gamers and artisanal miners in underdeveloped countries. NuggetRush creates a world where players are tasked with creating their avatars and recruiting the help of real-world mining experts or other skilled gamers to build in-game mining facilities where they can mine for gold and hunt for minerals. NuggetRush's in-game assets can be traded or sold for materials that represent tangible value in the real world, showcasing its potential to rank among the best crypto investment opportunities on the market. The platform also has enticing offerings for Web3 enthusiasts. While on the hunt, players can search for deposits and collect characters that are some of the best NFTs to invest in for maximum profits. NuggetRush's NFTs are highly valuable because miners who find NFTs from the rare RUSHGEMS collection can hold them until the value doubles or swap them for real gold. Holders can also stake their NFTs and receive residual income of up to 20% annual profit on the asset's value. All these lucrative features can be accessed using the native NUGX token, making it the best crypto investment to position for gains. NUGX is currently available for $0.01 in its fast-selling crypto ICO. This is a perfect price to get in on the event because, by the fifth stage, NUGX will be worth $0.020 per token, representing 100% of its initial value in just the early stages of the project. Story continues The crypto ICO has sold over 9.5 million tokens, highlighting rising interest in the project. By participating in the presale, gamers and beginner cryptocurrency traders will be better positioned to maximize the offerings of NuggetRush when it launches. >> Buy NuggetRush Now << Bitcoin (BTC) Mining Is Filled With Declining Prospects Bitcoin is the first cryptocurrency that was created. In the early stages of development, it revolutionized digital investing and the mining industry. Years ago, mining Bitcoin was straightforward, and people could mine using their computers. But as BTC grew popular, mining became difficult, requiring high-end equipment. The limited supply of BTC made mining even harder as time went on. Although the process is rewarding, it also requires a high investment in energy and takes a toll on the environment. The increased requirements to engage in Bitcoin mining have led individuals to look for alternative ways to break into the cryptocurrency ecosystem. Conclusion The growth of Bitcoin mining into a financially and environmentally taxing endeavor has resulted in interested individuals missing out on the opportunity and seeking promising alternatives. NUGX is one such alternative that offers solutions for those who missed the early days of Bitcoin mining. NuggetRush's features are set to revolutionize digital investments and cryptocurrency mining. The ongoing presale is also a rare opportunity to start making millions. Visit NuggetRush Presale Website Contact Details NuggetRush Team [email protected] View source version on newsdirect.com: https://newsdirect.com/news/missed-out-on-bitcoin-mining-mine-and-earn-with-nuggetrush-instead-833532116 View comments", "New York --News Direct-- RoundHouse Media When Bitcoin (BTC) emerged, mining the cryptocurrency was on the rave. By solving simple math problems using a computer, many beginner cryptocurrency enthusiasts became millionaires without spending too much money. Of course, this was when Bitcoin started, and it was still relatively cheap. Now, Bitcoin is worth thousands of dollars, and mining costs just as much. TLDR If you missed Bitcoin mining, which has become costly and environmentally taxing, NuggetRush is a profitable alternative. NuggetRush presents a fresh opportunity for those who missed Bitcoin mining, combining gaming, NFTs, and crypto investments. Its token, NUGX, is available at a discount in its presale, with a 100% potential profit. If you'r Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-21 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $575,573,892,319 - Hash Rate: 455077748.5595787 - Transaction Count: 270621.0 - Unique Addresses: 640544.0 Social & AI Sentiment: - Fear & Greed Index: 0.63 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Franklin Templeton entered the spot bitcoin ETF race on Tuesday, the most recent of the traditional Wall Street investment firms that are looking to sell digital asset products alongside more upstart companies. According to a filing with the Securities and Exchange Commission, the Franklin Bitcoin ETF would be listed on the CBOE BZX Exchange. Crypto trading platform Coinbase would be the custodian. The proposed fund doesn’t have a ticker symbol yet. Franklin Templeton has $13.1 billion in assets under management across 60 exchange-traded funds. The firm’s filing comes as more traditional financial firms move into cryptocurrency ETFs. Investment giants BlackRock Inc. and Fidelity Investment Co. have both filed for spot bitcoin ETFs, and many experts speculate that the SEC could give those firms priority if it approves the investment vehicles. While the SEC allows funds that track bitcoin futures contracts, such as the ProShares Bitcoin Strategy ETF (BITO) , the agency has blocked and delayed proposals for ETFs that track physically backed bitcoin. The SEC has rejected more than 30 proposals for a spot bitcoin ETF since 2021, including those from Fidelity and VanEck and has blocked such funds since 2017 on the grounds that they are vulnerable to fraud and market manipulation. On Aug. 29, however, cryptocurrency investment firm Grayscale Investments prevailed in a watershed legal victory over the SEC, when the U.S. Court of Appeals D.C. Circuit ruled that the SEC must reconsider Grayscale’s application to convert its Grayscale Bitcoin Trust into an ETF. The SEC had previously rejected Grayscale’s application. The ruling could mean that the SEC will eventually approve spot bitcoin ETFs. SEC Chairman Gensler: ‘Crypto Rife With Fraud’ As the SEC faces mounting pressure to approve more cryptocurrency ETFs, Chairman Gary Gensler hasn’t backed down from his position that digital assets are an unsafe investment. At a Senate Banking Committee oversight hearing on Tuesday, Gensler said that cryptocurrency has “significant noncompliance” problems and that the asset class as a whole is “rife with fraud, abuse and misconduct.” Story continues The SEC has 45 days to appeal the court’s ruling in Grayscale’s lawsuit, either in the D.C. Circuit or the Supreme Court. The agency could go as far as to roll back its approval of bitcoin futures ETFs if it doubles down on an anti-cryptocurrency stance. The fund would be Franklin Templeton’s first jump into digital asset ETFs. Its largest ETF is the Franklin U.S. Core Bond ETF (FLCB) with $1.6 billion in assets. Permalink \| © Copyright 2023 etf.com. All rights reserved... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['A bitcoin logo is displayed on an ATM in Hong Kong in 2017. (Kin Cheung / Associated Press) Jim Meduri answered a terrifying phone call in January from a man pretending to be his son. The caller, who sounded on the verge of tears, said he\x92d been in a car accident. Meduri was convinced his son had been arrested for driving under the influence and injuring a pregnant woman and her daughter. The San Jose resident later spoke to people impersonating a defense attorney and a courthouse clerk, who told him his son might be sent from the Bay Area to Nevada because of an mpox outbreak at the jail. Panicked and in a rush, Meduri agreed to send bail money through cryptocurrency. The fake lawyer directed Meduri, 65, to an ATM where people can buy the digital currency bitcoin. He inserted $15,000 in cash into the machine, scanned a code provided by the scammers and transferred the money. When Meduri realized he\x92d been duped, his money was gone. \x93They played on fear and what a parent would do to help their kid, and it was elaborate,\x94 said Meduri, who was able to get most of his money back with help from the Santa Clara County district attorney\x92s office. Meduri\'s misfortune is just one example of how scammers are using bitcoin ATMs to swindle victims out of thousands of dollars, fraud that law enforcement officials warn is on the rise. The machines, in convenience stores, gas stations and even bakeries, are an easy way for people to buy cryptocurrency quickly with cash, which is harder to track than a wire transfer or check. As scammers exploit the convenience these machines provide, bitcoin ATMs are also attracting the attention of lawmakers, regulators and consumer advocacy groups looking to protect people from fraud and exorbitant fees. Starting in January, California will limit cryptocurrency ATM transactions to $1,000 per day per person under Senate Bill 401, which Gov. Gavin Newsom signed into law. Some bitcoin ATM machines advertise limits as high as $50,000. The new law also bars bitcoin ATM operators from collecting fees higher than $5 or 15% of the transaction, whichever is greater, starting in 2025. Legislative staff members visited a crypto kiosk in Sacramento and found markups as high as 33% on some digital assets when they compared the prices at which cryptocurrency is bought and sold. Typically, a crypto ATM charges fees between 12% and 25% over the value of the digital asset, according to a legislative analysis. Story continues \x93This bill is about ensuring that people who have been frauded in our communities don\'t continue to watch our state step aside when we know that these are real problems that are happening,\x94 said state Sen. Monique Limón (D-Goleta), who co-authored the bill. Although similar scams have existed long before the rising popularity of cryptocurrency, the use of these digital assets by fraudsters has been increasing, according to the Federal Trade Commission. Since 2021, more than 46,000 people reported losing over $1 billion in crypto to scams, the agency reported in 2022. Victims of bitcoin ATM scams say limiting the transactions will give people more time to figure out they\x92re being tricked and prevent them from using large amounts of cash to buy cryptocurrency. But crypto ATM operators say the new laws will harm their industry and the small businesses they pay to rent space for the machines. There are more than 3,200 bitcoin ATMs in California, according to Coin ATM Radar , a site that tracks the machines\' locations. \x93This bill fails to adequately address how to crack down on fraud, and instead takes a punitive path focused on a specific technology that will shudder the industry and hurt consumers, while doing nothing to stop bad actors,\x94 said Charles Belle, executive director of the Blockchain Advocacy Coalition. While California lawmakers have striven to balance the need to support the cryptocurrency industry and protect consumers, recent legislation has hewed toward tighter state regulation. Another law would by July 2025 require digital financial asset businesses to obtain a license from the California Department of Financial Protection and Innovation. Read more: Gavin Newsom\'s awkward crypto timing When signing the legislation, Assembly Bill 39 , Newsom included a message that said the law needed further refinement to provide clarity to consumers, businesses and state regulators. \x93It is essential that we strike the appropriate balance between protecting consumers from harm and fostering a responsible innovation environment,\x94 he wrote. In 2022, months before the collapse of cryptocurrency exchange FTX, Newsom vetoed a similar bill that would have required cryptocurrency companies to get a state license, citing concerns a new regulatory program would be costly and the actions were premature. Erin West, a Santa Clara County deputy district attorney who helped Meduri recover his money, said scammers turn to bitcoin ATM machines because they accept large amounts of cash. The value of bitcoin can also rise, giving fraudsters a way to increase their plunder. Scammers use different tactics to trick people into handing over their money, including creating a false sense of urgency and winning over their trust. Some befriend or seduce their victims through social media or dating apps, luring them into a web of lies that include fake emergencies. Other times, the scam starts with a text message directing victims to a fake cryptocurrency investment site. West said her team has been able to recover $2.5 million for scam victims like Meduri by tracking down the cryptocurrency exchange that was involved in the transaction. After Meduri put $15,000 into a kiosk operated by Bitcoin ATM Services, the digital money ended up in the cryptocurrency exchange Binance. The exchange complied with a search warrant, allowing her team to retrieve the stolen funds from Binance and return them to Meduri. Although it\x92s possible for cryptocurrency victims to get their money back even if it travels overseas, West said it\x92s rare. Some cryptocurrency exchanges are more cooperative with law enforcement than others, she said. \x93This whole thing is a speed game,\x94 said West, who is part of a task force called REACT \x97 Regional Enforcement Allied Computer Team \x97 that combats high-tech crimes. \x93Can we get the victim in front of a competent investigator who knows how to find things on the blockchain in the least amount of time?\x94 Blockchain is a type of shared digital database that stores information about crypto transactions. Read more: Before investing in crypto, check out California\'s new scam tracker An 80-year-old retired teacher in Los Angeles, whom The Times previously interviewed, said she hasn\x92t been able to recover $69,000 she sent to scammers through a bitcoin ATM over multiple days in May. The stolen funds ended up in Seychelles-based cryptocurrency exchanges KuCoin and Huobi. The scam started when Mrs. K, who wants to remain anonymous because she\x92s more wary about giving out her personal information, got a loud pop-up alert that her computer was infected with a virus. After calling a fake tech support number and later talking to a person impersonating the FBI, Mrs. K thought her Chase bank account had been taken over by foreign Chinese hackers involved in a child pornography case. To keep up the elaborate ruse, the scammers also sent Mrs. K fake Chase bank emails. \x93If it wasn\'t this convoluted mishmash, I probably would have been a little smarter and not fallen into this trap,\x94 Mrs. K said. \x93I feel so disappointed in myself that I just fell hook, line and sinker.\x94 Mrs. K said the FBI impersonator told her to withdraw $75,000 in cash over three days from her Chase checking account and not tell anyone. If workers at the bank asked, the scammer told Mrs. K to say that she was withdrawing cash for construction. The FBI impersonator convinced Mrs. K she could help law enforcement catch the child predators if she converted the cash to cryptocurrency and transferred the funds to a digital wallet the agency would monitor. The intricate lie eventually led Mrs. K to a Coinhub Bitcoin ATM machine at a doughnut shop in Highland Park that accepts up to $25,000 in cash daily per person. By the time she realized it was a scam, Mrs. K had sent $69,000 to the fraudsters. She reported the crime to police but hasn\x92t been able to recover her money. Under federal law, bitcoin ATM operators are typically considered money services businesses, so they\x92re required to register with the U.S. Department of Treasury\x92s Financial Crimes Enforcement Network, or FinCEN. The agency collects and analyzes financial information to combat money laundering and other illegal uses. The businesses must also maintain an anti-money-laundering program and report suspicious activity to the agency. Logan Short, the chief executive of LSGT Services, which does business as Coinhub Bitcoin ATM, said in an email the company does "everything in its power to protect consumers, but unfortunately fraud is not 100% preventable in any industry.\x94 The Las Vegas company is registered with FinCEN but faced allegations that it operated crypto ATM machines in Connecticut without the required state license. Bitcoin ATM Services, which operates the kiosk used by Meduri, says on its website that it is registered with FinCEN. The Times couldn\x92t find a record of Bitcoin ATM Services being registered as a money services business with FinCEN. A company called Cash ATM Services that has the same mailing address as Bitcoin ATM Services was registered. Bitcoin ATM Services did not respond to a request for comment. Law enforcement has cracked down on unlicensed crypto ATMs, but it can be tough for consumers to tell how serious the industry is about addressing the concerns. In 2020, a Yorba Linda man pleaded guilty to charges of operating unlicensed bitcoin ATMs and failing to maintain an Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-22 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $583,798,203,512 - Hash Rate: 464179303.53077024 - Transaction Count: 252457.0 - Unique Addresses: 577606.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: There’s been much discussion this year about how themarket rally has been concentratedin a handful of mega-captech stocks. Most stocks are flat or down, grumble analysts, noting that the blue-chipDow Jones Industrial Averagerecentlyturned negative on the year. If it weren’t for a catalyst in artificial intelligence (AI), the entire market might be in the red right now. While much of this is true, look a little closer and one can see several stocks that have racked up big gains so far in 2023. The broader market might be treading water, but several individual stocks have been soaring and outperforming. These are not the usual suspects. There are many lesser known, unheralded securities that are up 50%, 100%, or more this year. The gains in these names are being fueled by strong earnings, improving sentiment, and some surprising catalysts. Here are silent winners: seven overlooked stocks posting impressive gains. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Yev_1234 / Shutterstock The price of Bitcoin (BTC-USD) has risen nearly 70% this year. That has meant boom times for cryptocurrency miners such asMarathon Digital(NASDAQ:MARA). The crypto miner just reported that it produced 1,242 Bitcoin in September,a 16% increase from Augustof this year and a 245% increase from September 2022 when the sector was in the grips of a “crypto winter” and prices for digital coins and tokens were in freefall. The increased production comes as the price of BTC has remained buoyant despite a decline in stocks since August. Marathon Digital said it has now produced 8,610 Bitcoin this year and is searching for new mining locations that offer low-cost renewable energy that’s needed to mine for crypto. Owing to the increased activity and growth in cryptocurrency prices,MARA stock has gained 145%this year, nearly matching the increase in shares ofMeta(NASDAQ:META). Over the last five years, Marathon Digital’s stock has increased 233%. While grossly under reported, crypto mining stocks are soaring this year. Source: Ken Wolter / Shutterstock.com There’s been a lot of talk this year about tech stocks, but almost no mention ofDell Technologies(NYSE:DELL). That seems strange given that the maker of laptops, monitors, and other computer hardware has been on a bull run. DELL stock is up 64% this year, has gained 95% over the last 12 months, and is up 150% since the company returned to the public markets five years ago after a hiatus. The rise in Dell Technologies’ share price is all the more impressive given that sales of personal computers globally havebeen in a funk for the past two years. DELL stock is currently trading near an all-time high. The company isbenefitting from diversificationand its moves into new areas beyond computer hardware such as cloud computing and data protection. Management is also focusing on the red hot area AI, mentioning the term “AI” nearly 20 times during itslast earnings callwith analysts and media. Dell has also posted better-than-expected financial results and raised guidance this year. DELL stock also pays a dividend of 37 cents a share per quarter, for a yield of 2.23%. Source: Paul McKinnon / Shutterstock.com Abercrombie & Fitch(NYSE:ANF) is a retailer known for selling casual wear. However, ANF stock has been trading more like a tech start-up this year than a clothing retailer. Year-to-date, Abercrombie’s share price has risen 141%. Thestock is up 268%over the last 12 months. Through five years, the shares have increased 200%. It’s a remarkable result that has trounced the performance of just about every other clothing retailer.The Gap’s(NYSE:GPS) stock is down 10% this year, for example. ANF stock began to skyrocket aftera surprise profitwas reported at the end of May this year. Abercrombie subsequently issued an earnings print at the end of August thatobliterated Wall Street forecasts, announcing a profit of $1.10 a share when analysts had been looking for earnings of just 17 cents. Revenue also crushed consensus forecasts. The company also raised its outlook for the remainder of this year, saying it now expects sales to grow 10%, up from previous guidance of 2% growth. ANF stock is like a runaway train at this point. Source: Sundry Photography / Shutterstock.com After years in the wilderness, shares ofGeneral Electric(NYSE:GE) have come roaring back. GE stock is up 66% in 2023, and has increased 117% in the past 12 months. The revival comes after the industrial giant successfully spun-off its healthcare unit in January. More changes are coming, with GE planning tospin-off its power generation businessin early 2024. These change enable General Electric to focus more on its core businesses (which are also its most profitable) of aerospace and renewable energy. The breakup of its business is already having a positive impact on General Electric’s earnings.GE stock rose 6%after the company’s most recent financial results beat Wall Street forecasts across the board, and the company raised its full-year profit outlook. The company said it is benefitting from strong demand for its jet engine parts and airline maintenance work amid the current boom in air travel. Despite this year’s big run, GE stock looks attractively valued trading at 13 times future earnings. Source: Teerasak Ladnongkhun/Shutterstock.com Fair Isaac Corp. (NYSE:FICO) is the credit scoring company that’s behind everybody’s FICO score, which measures consumer credit worthiness. Fair Isaac is the kind of company that provides an essential service in a niche market, giving ita near-monopoly positionin the marketplace and a wide moat around its business. Some 95% of financial institutions in the U.S. are clients of Fair Isaac. With the economy in flux and interest rates at their highest level in 22-years, credit checks and FICO scores are being scrutinized now more than ever before, leading toboom times at Fair Isaac. This is reflected in FICO stock, which is up 50% this year, up 124% over the last 12 months, and up 330% over the past five years. The share price is currently near a 52-week high. The stock isn’t cheap, but its long-term outperformance and competitive position make it worth the expense. Source: NAN728 / Shutterstock.com After being crushed during the pandemic, cruise line operatorCarnival Corp.(NYSE:CCL) is gaining ground again. CCL stock has risen 59% year to date, and is up 99% in the last 12 months. Other cruise operators such asRoyal Caribbean(NYSE:RCL) have seensimilarly strong gainsin their share prices this year. With the heights of the pandemic firmly in our rearview mirror and cruise bookings up sharply, Carnival’s earnings and its stock are once again moving higher. It’s welcome news after two very difficult years for the global cruise line industry. The company announced that it is seeing thehighest demand for bookingsin more than 50 years as people take to the high seas once again. CCL stock is also gaining traction from the fact that the company is making progress in terms of paying down its $30 billion debt load, the majority of which it incurred while its ships were idled during the Covid-19 crisis. The companyjust reportedthat its fiscal third quarter net income, or profit, topped $1 billion and its revenue hit anall-time high of $6.85 billion, both topping Wall Street forecasts. Source: Michael Vi / Shutterstock.com How about a microchip and semiconductor stock not namedNvidia(NASDAQ:NVDA)? For that we turn toMarvell Technology(NASDAQ:MRVL), a chip stock that has been performing well this year with little fanfare. Since January,MRVL stock has gained 50%, bringing its five year advance to 200%. The company, whose technology is used in areas such as computer, networking, security and storage, is seeing strong demand and earnings growth. Like most chip and semiconductor companies, Marvell also has abig opportunity in AI. So much so, that MRVL stock rose more than 30% at the end of May when management highlightedthe company’s potential AI catalystduring an earnings call. More recently, the companybeat Wall Street expectationswith its quarterly print delivered at the end of August, reporting a profit of 33 cents a share on sales of $1.34 billion compared to 32 cents a share and sales of $1.33 billion that analysts had penciled in for the company. On the date of publication, Joel Baglole held long positions in FICO and NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. • Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. • ChatGPT IPO Could Shock the World, Make This Move Before the Announcement • The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The postSilent Winners: 7 Overlooked Stocks Posting Impressive Gainsappeared first onInvestorPlace.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['LONDON, Oct 23 (Reuters) - Cryptocurrency\'s role in terrorist financing and funding militant groups has come under renewed scrutiny following a deadly attack in Israel by Palestinian militant group Hamas.\nIsrael has seized crypto accounts it says are linked to Hamas. U.S. lawmakers have urged the government to crack down on the use of cryptocurrencies by Hamas and its affiliates.\nBut cryptocurrencies are just one way that violent militant groups and groups designated as terrorist organisations get and use money. Here\'s what we know about crypto\'s role.\nWHY IS CRYPTO USED IN ILLICIT FINANCE?\nAnyone can set up a cryptocurrency wallet address, without always having to undergo checks such as those by a bank.\nThe addresses are pseudonymous – labelled only by a string of letters and numbers – which means people can send and receive cryptocurrency without revealing their identity.\nThe blockchain technology that underpins cryptocurrency operates digitally, across borders, meaning that it can act as an instant payments system.\nCrypto is subject globally to less specific regulation than traditional finance, although new rules are being introduced in some regions.\nThe Financial Action Task Force (FATF), the global body responsible for tackling money laundering and terrorist financing, has warned that crypto assets "risk becoming a safe haven for the financial transactions of criminals and terrorists".\nCAN CRYPTO NOT BE TRACKED?\nYes. But not always.\nBlockchains such as Bitcoin and Ethereum create a permanent public record of transactions. This means it is possible to see what funds have flowed in and out of a wallet address, and which wallets it interacted with.\nIt is hard for an outsider to identify transactions on the blockchain but blockchain analytics firms have tools to track funds.\nStill, in order to link these flows to a person or group, researchers rely on information not recorded by the blockchain.\nCrypto exchanges can record which addresses belong to which customer and police can unmask those behind wallets.\nCryptocurrency users can further obscure their tracks by the use of crypto "mixers", or move funds to exchanges or other firms where they can become difficult to distinguish from other customers\' assets.\nHOW MUCH CRYPTO IS USED IN TERRORIST FINANCING?\nNo one knows for sure.\nMilitant groups use different methods to move money, including cash, banks, shell companies and charities, and informal financial networks. Crypto is a small part, experts say.\nA United Nations official said in 2022 that a couple of years ago 5% of terrorist attacks were considered to be financed by crypto, but that this may go up to 20%, Bloomberg reported.\nThe FATF said this year that crypto presents "increasing terrorist financing risks", but that the "vast majority" of terrorist financing still uses regular money.\nWhen illicit finance flows are identified at a crypto firm, that doesn\'t necessarily mean all of that firm\'s flows are tainted, crypto researchers Chainalysis said in a blog.\nChainalysis said that terrorist financing "represents a small fraction of the less than 1% of the entire crypto market occupied by illicit activity".\nWHAT ABOUT OTHER FORMS OF ILLICIT FINANCE?\nTerrorist financing is a small part of the illicit uses of crypto, which include scams, ransomware and theft.\nCrypto crime hit a record $20.1 billion in 2022, Chainalysis said, calling this a lower bound estimate. That figure excludes when cryptocurrencies are the proceeds of non-crypto crimes such as payment for drugs.\nCryptocurrency theft via cyber attacks is also a significant source of funding for North Korea, according to UN reports.\nSome banks in the UK have curbed customers\' access to crypto because of a rise in crypto scams. (Reporting by Elizabeth Howcroft and Tom Wilson; editing by John O\'Donnell and Ed Osmond)', 'LONDON, Oct 23 (Reuters) - Cryptocurrency\'s role in terrorist financing and funding militant groups has come under renewed scrutiny following a deadly attack in Israel by Palestinian militant group Hamas. Israel has seized crypto accounts it says are linked to Hamas. U.S. lawmakers have urged the government to crack down on the use of cryptocurrencies by Hamas and its affiliates. But cryptocurrencies are just one way that violent militant groups and groups designated as terrorist organisations get and use money. Here\'s what we know about crypto\'s role. WHY IS CRYPTO USED IN ILLICIT FINANCE? Anyone can set up a cryptocurrency wallet address, without always having to undergo checks such as those by a bank. The addresses are pseudonymous – labelled only by a string of letters and numbers – which means people can send and receive cryptocurrency without revealing their identity. The blockchain technology that underpins cryptocurrency operates digitally, across borders, meaning that it can act as an instant payments system. Crypto is subject globally to less specific regulation than traditional finance, although new rules are being introduced in some regions. The Financial Action Task Force (FATF), the global body responsible for tackling money laundering and terrorist financing, has warned that crypto assets "risk becoming a safe haven for the financial transactions of criminals and terrorists". CAN CRYPTO NOT BE TRACKED? Yes. But not always. Blockchains such as Bitcoin and Ethereum create a permanent public record of transactions. This means it is possible to see what funds have flowed in and out of a wallet address, and which wallets it interacted with. It is hard for an outsider to identify transactions on the blockchain but blockchain analytics firms have tools to track funds. Still, in order to link these flows to a person or group, researchers rely on information not recorded by the blockchain. Crypto exchanges can record which addresses belong to which customer and police can unmask those behind wallets. Story continues Cryptocurrency users can further obscure their tracks by the use of crypto "mixers", or move funds to exchanges or other firms where they can become difficult to distinguish from other customers\' assets. HOW MUCH CRYPTO IS USED IN TERRORIST FINANCING? No one knows for sure. Militant groups use different methods to move money, including cash, banks, shell companies and charities, and informal financial networks. Crypto is a small part, experts say. A United Nations official said in 2022 that a couple of years ago 5% of terrorist attacks were considered to be financed by crypto, but that this may go up to 20%, Bloomberg reported. The FATF said this year that crypto presents "increasing terrorist financing risks", but that the "vast majority" of terrorist financing still uses regular money. When illicit finance flows are identified at a crypto firm, that doesn\'t necessarily mean all of that firm\'s flows are tainted, crypto researchers Chainalysis said in a blog. Chainalysis said that terrorist financing "represents a small fraction of the less than 1% of the entire crypto market occupied by illicit activity". WHAT ABOUT OTHER FORMS OF ILLICIT FINANCE? Terrorist financing is a small part of the illicit uses of crypto, which include scams, ransomware and theft. Crypto crime hit a record $20.1 billion in 2022, Chainalysis said, calling this a lower bound estimate. That figure excludes when cryptocurrencies are the proceeds of non-crypto crimes such as payment for drugs. Cryptocurrency theft via cyber attacks is also a significant source of funding for North Korea, according to UN reports. Some banks in the UK have curbed customers\' access to crypto because of a rise in crypto scams. (Reporting by Elizabeth Howcroft and Tom Wilson; editing by John O\'Donnell and Ed Osmond)', 'LONDON (Reuters) - Cryptocurrency\'s role in terrorist financing and funding militant groups has come under renewed scrutiny following a deadly attack in Israel by Palestinian militant group Hamas. Israel has seized crypto accounts it says are linked to Hamas. U.S. lawmakers have urged the government to crack down on the use of cryptocurrencies by Hamas and its affiliates. But cryptocurrencies are just one way that violent militant groups and groups designated as terrorist organisations get and use money. Here\'s what we know about crypto\'s role. WHY IS CRYPTO USED IN ILLICIT FINANCE? Anyone can set up a cryptocurrency wallet address, without always having to undergo checks such as those by a bank. The addresses are pseudonymous – labelled only by a string of letters and numbers – which means people can send and receive cryptocurrency without revealing their identity. The blockchain technology that underpins cryptocurrency operates digitally, across borders, meaning that it can act as an instant payments system. Crypto is subject globally to less specific regulation than traditional finance, although new rules are being introduced in some regions. The Financial Action Task Force (FATF), the global body responsible for tackling money laundering and terrorist financing, has warned that crypto assets "risk becoming a safe haven for the financial transactions of criminals and terrorists". CAN CRYPTO NOT BE TRACKED? Yes. But not always. Blockchains such as Bitcoin and Ethereum create a permanent public record of transactions. This means it is possible to see what funds have flowed in and out of a wallet address, and which wallets it interacted with. It is hard for an outsider to identify transactions on the blockchain but blockchain analytics firms have tools to track funds. Still, in order to link these flows to a person or group, researchers rely on information not recorded by the blockchain. Crypto exchanges can record which addresses belong to which customer and police can unmask those behind wallets. Story continues Cryptocurrency users can further obscure their tracks by the use of crypto "mixers", or move funds to exchanges or other firms where they can become difficult to distinguish from other customers\' assets. Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-23 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $599,223,761,281 - Hash Rate: 476314710.1590258 - Transaction Count: 301780.0 - Unique Addresses: 660705.0 Social & AI Sentiment: - Fear & Greed Index: 0.53 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This article originally appeared inFirst Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day. Bitcoin (BTC) has fallen back below $26,000, losing 0.73% on the day, reflecting generally bearish sentiment among crypto traders and a lack of bullish catalysts to rally markets.BTC fell as low as $25,886 on Monday after rallying briefly last week to $26,200, but has since dropped back close to where it started last week. Institutional crypto exchange LMAX Digital said in a note that bitcoin is getting closer to a breakout from the current range due to how tight the contraction has gotten in recent sessions. “Whenever ranges get too tight, it’s often a warning sign for a surge in volatility,” the exchange said in a note. Etoro analyst Simon Peters said softness in the market is also being seen in other asset classes, such as equities. He said in a morning note that this comes as investors “pay close attention to thediscussions at Jackson Hole…The indication from Wyoming is that central bankers are intent on keeping rates at higher levels to prevent a resurgence in inflation – which is not being taken well by risk assets across the board.” Digital Currency Group (DCG) hasreachedan in-principle deal with Genesis creditors to resolve the claims brought up in Genesis' bankruptcy, according to a court filing on Tuesday.The plan could result in the recoveries of 70%-90% in USD equivalent for unsecured creditors and 65%-90% recovery on an in-kind basis depending on the denomination of the digital asset. All the estimated recoveries are subject to market pricing and definitive documentation. DCG is also the parent company of CoinDesk. All of FTX founder’s Sam Bankman-Fried’s proposed witnesses should bedisqualifiedfrom testifying because their disclosure filings are insufficient, their experience may be misleading or their planned testimony may not be relevant, prosecutors said in a late Monday filing.Bankman-Fried’s team, for its part, wants to exclude a financial analysis expert proposed by the Department of Justice because his proposed testimony may not be allowed under the rules. The filings, part of the so-called Daubert motions due Monday, laid out the two teams’ views on why their opponents should not be able to call certain witnesses to the stand when Bankman-Fried goes on trial for fraud and conspiracy charges in a little over a month. The DOJ moved to discount all seven of the expert witnesses proposed by Bankman-Fried’s team, saying that some of the disclosures they filed did not detail their opinions, while others “are inappropriate subjects for expert testimony” or possibly confusing for a potential jury.Trending Posts... - Reddit Posts (Sample): [['u/genobeam', 'Will You Cash Out During the Next Bull Run?', 200, '2023-10-23 15:18', 'https://www.reddit.com/r/CryptoCurrency/comments/17ek7v3/will_you_cash_out_during_the_next_bull_run/', "The common wisdom in here seems to be DCA into bitcoin for safe returns. My question is when do you realize those returns? \n\nWhat pricepoint for bitcoin would you sell? I've seen estimates on here for 2x-10x as realistic bitcoin targets for the next bull run. \n\nWhat do you expect for the next crypto winter? Will prices return to where we are now? Will the average be higher? lower?\n\nI know this is all speculative, but in the past it seemed that a lot of people here were invested in bitcoin for the long long term. Now I'm getting the impression that more people want to realize their gains when possible, but I wanted to get a better feel for that.\n\n[View Poll](https://www.reddit.com/poll/17ek7v3)", 'https://www.reddit.com/r/CryptoCurrency/comments/17ek7v3/will_you_cash_out_during_the_next_bull_run/', '17ek7v3', [['u/IANvaderZIM', 10, '2023-10-23 17:25', 'https://www.reddit.com/r/CryptoCurrency/comments/17ek7v3/will_you_cash_out_during_the_next_bull_run/k646dw2/', 'Until rollercoaster low, at which point buy back in :)', '17ek7v3']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Brigid Riley\nTOKYO, Oct 24 (Reuters) - The dollar softened against a basket of currencies on Tuesday, mirroring a dip in Treasuries yields as investors awaited key U.S. economic data before the Federal Reserve\'s monetary policy meeting next week.\nThe dollar index last sat around 105.57, having lost over 0.5% in the previous session as U.S. Treasury yields tumbled.\nThe greenback found support last week after Fed Chair Jerome Powell said U.S. economic strength might warrant tighter financial conditions, which pushed the benchmark 10-year yield above 5% to its highest since July 2007.\nBitcoin returned the market spotlight with the virtual currency soaring on speculation that the United States could soon approve a bitcoin exchange-traded fund.\nMarket attention now turns to some of the last bits of U.S. economic data before the Fed\'s meeting on Oct. 31 - Nov. 1, with the flash purchasing managers\' index (PMI) out later on Tuesday and gross domestic product due on Thursday.\nThe PMI data could set the market expectations ahead of the GDP report, said Matt Simpson, senior market analyst at City Index.\n"If the data leans far enough one way it could prompt a strong dollar rally or breakdown with the Fed in a blackout period," he said, referring to the period before the policy meeting in which limits are placed on public communications from central bank officials.\nThe Fed is expected to hold rates at its meeting next week.\nThe European Central Bank is also expected to leave interest rates untouched at their meeting on Thursday, after raising its key interest rates 25 basis points in September.\nThe euro was mostly flat at $1.0665, holding gains against the dollar on Monday.\nMeanwhile, the dollar\'s retreat gave the battered yen some slight relief. The Japanese currency had hit the sensitive 150-level both on Friday and Monday and was last flat against the greenback at 149.77.\nTraders see the 150 threshold as a possible line-in-the-sand for Japanese authorities to intervene in the currency market.\nHowever, the data out of the United States this week could have the yen inching back into the danger zone if it comes in strong.\n"The yen will be particularly sensitive to hot U.S. data, especially if it causes Treasuries to blow through what\'s looking like a key resistance level of 5% or so," said Kyle Rodda, senior financial market analyst at Capital.com.\nIn cryptocurrency markets, bitcoin leapt as much as 14% to a 2-1/2 year high of $34,283.\n(Reporting by Brigid Riley. Editing by Sam Holmes)', 'By Brigid Riley TOKYO, Oct 24 (Reuters) - The dollar softened against a basket of currencies on Tuesday, mirroring a dip in Treasuries yields as investors awaited key U.S. economic data before the Federal Reserve\'s monetary policy meeting next week. The dollar index last sat around 105.57, having lost over 0.5% in the previous session as U.S. Treasury yields tumbled. The greenback found support last week after Fed Chair Jerome Powell said U.S. economic strength might warrant tighter financial conditions, which pushed the benchmark 10-year yield above 5% to its highest since July 2007. Bitcoin returned the market spotlight with the virtual currency soaring on speculation that the United States could soon approve a bitcoin exchange-traded fund. Market attention now turns to some of the last bits of U.S. economic data before the Fed\'s meeting on Oct. 31 - Nov. 1, with the flash purchasing managers\' index (PMI) out later on Tuesday and gross domestic product due on Thursday. The PMI data could set the market expectations ahead of the GDP report, said Matt Simpson, senior market analyst at City Index. "If the data leans far enough one way it could prompt a strong dollar rally or breakdown with the Fed in a blackout period," he said, referring to the period before the policy meeting in which limits are placed on public communications from central bank officials. The Fed is expected to hold rates at its meeting next week. The European Central Bank is also expected to leave interest rates untouched at their meeting on Thursday, after raising its key interest rates 25 basis points in September. The euro was mostly flat at $1.0665, holding gains against the dollar on Monday. Meanwhile, the dollar\'s retreat gave the battered yen some slight relief. The Japanese currency had hit the sensitive 150-level both on Friday and Monday and was last flat against the greenback at 149.77. Traders see the 150 threshold as a possible line-in-the-sand for Japanese authorities to intervene in the currency market. Story continues However, the data out of the United States this week could have the yen inching back into the danger zone if it comes in strong. "The yen will be particularly sensitive to hot U.S. data, especially if it causes Treasuries to blow through what\'s looking like a key resistance level of 5% or so," said Kyle Rodda, senior financial market analyst at Capital.com. In cryptocurrency markets, bitcoin leapt as much as 14% to a 2-1/2 year high of $34,283. (Reporting by Brigid Riley. Editing by Sam Holmes)', 'By Hannah Lang and Kanjyik Ghosh\n(Reuters) - Bitcoin soared 10% to 1-1/2 year highs on Monday, and crypto-linked stocks followed it higher as speculation about the possibility of a bitcoin exchange-traded fund drove enthusiasm about the sector and prompted short-sellers to quit positions.\nThe world\'s biggest cryptocurrency was last at $32,833 after trading as high as $34,283. Crypto-related shares such as exchange Coinbase Global, miner Marathon Digital bitcoin holder MicroStrategy rose sharply and were making further gains in after-hours U.S. trade.\nSmaller rival ether also surged 6%, hitting a two-month high and breaking above its 200-day moving average.\nAnticipation of a bitcoin exchange-traded fund (ETF) has grown after reports this month, including from Reuters, that the U.S. Securities and Exchange Commission won\'t appeal a ruling it was wrong to reject an application from Grayscale Investments.\nThe prospect of a spot bitcoin ETF is seen driving broader flows into the cryptocurrency, as it would allow a wider set of investors to buy exposure without directly trading it.\n"The market is doing its best to front-run the approval of a physical BTC ETF, with consensus being that it will happen some time in the next three months, if not sooner," said Matthew Dibb, CIO at crypto asset manager Astronaut Capital.\nBlackRock, VanEck, WisdomTree, Fidelity, Bitwise and Invesco all have pending bitcoin ETF applications. Blackrock\'s iShares ETF is on a list of ETFs on the website of clearing house DTCC, driving the most recent round of speculation that its approval is imminent.\nIt was not clear when or why the ETF was on the list. DTCC and BlackRock did not immediately respond to requests for comment by phone and email. Last week BlackRock denied an erroneous report that the ETF was approved and sources close to the SEC confirmed the application was still pending.\nThe SEC did not immediately respond to a request for comment emailed after business hours on Monday.\nDibb also pointed to data on cyrptocurrency derivatives analytics platform Coinglass, which showed heavy liquidation of bitcoin short positions in the past 24 hours.\nThe move also comes as concern ripples through the broader markets about the risk of Israel\'s war with the Islamist group Hamas becoming a wider regional conflict.\n"We have seen recent geopolitical tensions drive demand for scarce assets, including both physical gold and bitcoin, which many investors view as digital gold," said Zach Pandl, managing director of research at Grayscale Investments, a crypto asset manager.\n(This story has been corrected to fix the milestone to 1-1/2 year instead of 2-1/2 year in the headline and paragraph 1)\n(Reporting by Hannah Lang in Washington, Kanjyik Ghosh in Bengaluru, Tom Westbrook in Singapore and Brigid Riley in Tokyo; Editing by Krishna Chandra Eluri, Jonathan Oatis & Shri Navaratnam)', 'By Hannah Lang and Kanjyik Ghosh\n(Reuters) - Bitcoin soared 10% to 1-1/2 year highs on Monday, and crypto-linked stocks followed it higher as speculation about the possibility of a bitcoin exchange-traded fund drove enthusiasm about the sector and prompted short-sellers to quit positions.\nThe world\'s biggest cryptocurrency was last at $32,833 after trading as high as $34,283. Crypto-related shares such as exchange Coinbase Global, miner Marathon Digital bitcoin holder MicroStrategy rose sharply and were making further gains in after-hours U.S. trade.\nSmaller rival ether also surged 6%, hitting a two-month high and breaking above its 200-day moving average.\nAnticipation of a bitcoin exchange-traded fund (ETF) has grown after reports this month, including from Reuters, that the U.S. Securities and Exchange Commission won\'t appeal a ruling it was wrong to reject an application from Grayscale Investments.\nThe prospect of a spot bitcoin ETF is seen driving broader flows into the cryptocurrency, as it would allow a wider set of investors to buy exposure without directly trading it.\n"The market is doing its best to front-run the approval of a physical BTC ETF, with consensus being that it will happen some time in the next three months, if not sooner," said Matthew Dibb, CIO at crypto asset manager Astronaut Capital.\nBlackRock, VanEck, WisdomTree, Fidelity, Bitwise and Invesco all have pending bitcoin ETF applications. Blackrock\'s iShares ETF is on a list of ETFs on the website of clearing house DTCC, driving the most recent round of speculation that its approval is imminent.\nIt was not clear when or why the ETF was on the list. DTCC and BlackRock did not immediately respond to requests for comment by phone and email. Last week BlackRock denied an erroneous report that the ETF was approved and sources close to the SEC confirmed the application was still pending.\nThe SEC did not immediately respond to a request for comment emailed after business hours on Monda Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-24 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $666,405,231,062 - Hash Rate: 382265308.7900461 - Transaction Count: 373854.0 - Unique Addresses: 755204.0 Social & AI Sentiment: - Fear & Greed Index: 0.66 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Back to the desk from a late summer break, it’s a good time for a quick year-to-date performance scan across the digital asset markets (see Figure 1 below). Overall, bitcoin ( BTC ) has clearly been setting the mood for 2023, as proxied by the CoinDesk Markets Index (CMI), and it feels like the majority of broad crypto market-moving headlines over the past few months can be placed within the bucket of the ongoing saga towards a bitcoin spot ETF. Figure 1: Digital asset market performance in 2023. Source: coindeskmarkets.com . You’re reading Crypto Long & Short , our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday. To better understand the context behind the crypto market’s focus on a spot ETF, it’s useful to draw some useful historical parallels to the creation of gold ETFs and their impact on the gold market. Like gold ETFs, a bitcoin ETF would make it significantly easier for a broader range of investors to gain exposure to bitcoin. It eliminates the need for investors to directly buy and store bitcoin. While this difficulty did not discourage early adopters, it can be a complex and daunting process for many (i.e., imagine walking a grandparent through the cold storage process). Fun fact: Before the first gold ETF was launched, investors could invest in clunkier closed-end funds, gold companies like miners or lug around the actual shiny metal. With an ETF, investor demand for gold increased. A bitcoin spot ETF could do likewise, leading to a surge in buying by retail investors who aren’t currently in the Grayscale Bitcoin Trust (GBTC) or one of the bitcoin futures ETFs like the one from ProShares (BITO). Related to the increased accessibility would be an increase in liquidity and trading volume in the bitcoin market. Increased liquidity and further diversifying the asset’s investor base could help stabilize prices and reduce price volatility caused by illiquid market conditions. This could also shift the investor base from tech-savvy retail investors and crypto enthusiasts to more mainstream, longer-term real asset investors looking for diversification from fiat currencies. The launch of a bitcoin ETF could catalyze further institutional adoption of bitcoin, as it would delegate the acquisition and storage of the digital asset to qualified custodians. An ETF structure also provides a more familiar and regulated investment vehicle that institutional investors are comfortable using, which could lead to more hedge funds, asset managers and pension funds allocating capital to bitcoin. Story continues Just as the gold ETF made it easier for investors to add additional diversification to their portfolios, a bitcoin ETF could serve a similar purpose. Investors looking to diversify their portfolios may allocate some of their assets to bitcoin through the ETF, viewing it as a store of value or an uncorrelated asset class. This addition of bitcoin to a greater number of investor portfolios would likely be small in percentage terms due to the relatively young and volatile nature of the asset class, but it would still result in a meaningful flow of capital into the cryptocurrency asset class. In summary, the introduction of a bitcoin ETF could be seen as a sign of the market's maturation. It signals that bitcoin is evolving from a niche asset class to one accepted and regulated within the traditional financial system. Takeaways From CoinDesk Deputy Editor-in-Chief Nick Baker , here is some news worth reading: SBF’S PARENTS: It’s no secret that Sam Bankman-Fried’s personal inner circle overlapped with this business inner circle. CoinDesk very much addressed that theme last year when it reported that SBF lived with some of his top executives, including ex-girlfriend Caroline Ellison, who ran his trading shop Alameda Research. And it’s been long-discussed how significant a role his parents played. The folks restructuring FTX just asserted they played a large role and sued them . Within the case is an eye-catching scene involving SBF’s dad acting exasperated with his son and saying he’s going to pull his mom into the situation. It wasn’t a normal family squabble over a curfew or whatever. It was Joe Bankman being angry that SBF was only paying his dad $200,000 a year, not $1 million. He wrote: “Gee, Sam I don’t know what to say here … Putting [your mom] on this.” Everyone who has parents feels this one. Relatedly, here’s CoinDesk’s Daniel Kuhn arguing SBF is blaming everyone but himself for FTX’s spectacular failure. MORE TO COME: U.S. officials going after Coinbase and Binance earlier this year was scary enough for everybody in crypto. But CoinDesk’s Jesse Hamilton reported this week on foreboding new comments from the head of the Crypto Assets and Cyber Unit at the Securities and Exchange Commission. In Hamilton’s words , David Hirsch said the SEC “isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein” as Coinbase and Binance. To state the obvious: This is not the sort of regulatory clarity crypto folks were hoping for. SHARP DROP: As Binance continues to face scrutiny from regulators and maybe law enforcement officials, its business is shrinking. Its seven-day average trading volume has dwindled by 57% since the beginning of September. And this appears to be specific to Binance, as the data from K33 Research shows volumes on other exchanges have been mostly flat. “The ongoing [U.S. Department of Justice] and SEC cases versus Binance may have dissuaded market makers from trading on Binance, explaining parts of the decline,” K33 Research senior analyst Vetle Lunde said. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['By Rae Wee SINGAPORE, Oct 25 (Reuters) - The dollar was on the front foot on Wednesday, drawing support from yet another resilient U.S. economic data reading, while the euro struggled to make headway on the back of a darkening growth outlook in the bloc. The Australian dollar rose more than 0.5% in an initial knee-jerk reaction following a higher-than-expected inflation print in Australia on Wednesday. U.S. business output ticked higher in October as the manufacturing sector pulled out of a five-month contraction, data on Tuesday showed, while separate data released the same day showed the euro zone\'s business activity in contrast took a surprise turn for the worse this month. Against the dollar, the euro was last 0.05% higher at $1.0595, having declined 0.75% on Tuesday. The single currency\'s slide lifted the dollar index and it last steadied at 106.23, away from a one-month low of 105.35 hit in the previous session. The euro is the most heavily weighted currency in the dollar index, which measures the greenback against a basket of six peers. "The euro zone economy is kind of entering a recession, so this economic playout stiffens expectations that the European Central Bank might have (reached a) peak in interest rates," said Tina Teng, market analyst at CMC Markets. "By contrast, the U.S. Federal Reserve could continue to raise interest rates just because the economic data looks strong." The buoyant dollar kept the yen pinned near the closely watched 150 threshold, with the Japanese currency last at 149.86 per dollar, having mostly traded sideways over the past month and keeping traders on their toes for any signs of intervention by Japanese authorities. Pressure is mounting on the Bank of Japan to change its bond yield control as global interest rates rise. A hike to an existing yield cap set just three months ago is being discussed as a possibility in the run up to next week\'s policy meeting, sources said earlier this week. Story continues Elsewhere, sterling rose 0.04% to $1.2165, while the New Zealand dollar gained 0.08% to $0.5849. The Australian dollar was last 0.35% higher at $0.6378. "The (Reserve Bank of Australia\'s) November meeting is likely to be live, and the cash rate to be hiked to 4.35%. And I suspect it will be a hawkish hike," said Matt Simpson, senior market analyst at City Index. In cryptocurrencies, Bitcoin was last 0.28% lower at $33,822, holding near a roughly 18-month high hit on Tuesday. The world\'s largest cryptocurrency has been on a tear this week, having surged 10% on Monday, fuelled by mounting speculation that an exchange-traded bitcoin fund is imminent. "A growing spot ETF market would invariably mean a growing market across most of the cryptocurrency landscape," said John Glover, chief investment officer at crypto lender Ledn. "If Bitcoin is being purchased for ETFs, the price will rise ... there is a very real possibility that the launch of one or more spot ETFs could lead to the next major bull run in the entire cryptocurrency ecosystem." (Reporting by Rae Wee; Editing by Lincoln Feast.)', 'By Rae Wee\nSINGAPORE, Oct 25 (Reuters) - The dollar was on the front foot on Wednesday, drawing support from yet another resilient U.S. economic data reading, while the euro struggled to make headway on the back of a darkening growth outlook in the bloc.\nThe Australian dollar rose more than 0.5% in an initial knee-jerk reaction following a higher-than-expected inflation print in Australia on Wednesday.\nU.S. business output ticked higher in October as the manufacturing sector pulled out of a five-month contraction, data on Tuesday showed, while separate data released the same day showed the euro zone\'s business activity in contrast took a surprise turn for the worse this month.\nAgainst the dollar, the euro was last 0.05% higher at $1.0595, having declined 0.75% on Tuesday.\nThe single currency\'s slide lifted the dollar index and it last steadied at 106.23, away from a one-month low of 105.35 hit in the previous session.\nThe euro is the most heavily weighted currency in the dollar index, which measures the greenback against a basket of six peers.\n"The euro zone economy is kind of entering a recession, so this economic playout stiffens expectations that the European Central Bank might have (reached a) peak in interest rates," said Tina Teng, market analyst at CMC Markets.\n"By contrast, the U.S. Federal Reserve could continue to raise interest rates just because the economic data looks strong."\nThe buoyant dollar kept the yen pinned near the closely watched 150 threshold, with the Japanese currency last at 149.86 per dollar, having mostly traded sideways over the past month and keeping traders on their toes for any signs of intervention by Japanese authorities.\nPressure is mounting on the Bank of Japan to change its bond yield control as global interest rates rise. A hike to an existing yield cap set just three months ago is being discussed as a possibility in the run up to next week\'s policy meeting, sources said earlier this week.\nElsewhere, sterling rose 0.04% to $1.2165, while the New Zealand dollar gained 0.08% to $0.5849.\nThe Australian dollar was last 0.35% higher at $0.6378.\n"The (Reserve Bank of Australia\'s) November meeting is likely to be live, and the cash rate to be hiked to 4.35%. And I suspect it will be a hawkish hike," said Matt Simpson, senior market analyst at City Index.\nIn cryptocurrencies, Bitcoin was last 0.28% lower at $33,822, holding near a roughly 18-month high hit on Tuesday.\nThe world\'s largest cryptocurrency has been on a tear this week, having surged 10% on Monday, fuelled by mounting speculation that an exchange-traded bitcoin fund is imminent.\n"A growing spot ETF market would invariably mean a growing market across most of the cryptocurrency landscape," said John Glover, chief investment officer at crypto lender Ledn.\n"If Bitcoin is being purchased for ETFs, the price will rise ... there is a very real possibility that the launch of one or more spot ETFs could lead to the next major bull run in the entire cryptocurrency ecosystem."\n(Reporting by Rae Wee; Editing by Lincoln Feast.)', 'By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar rose to a near 1-week high against a basket of currencies on Wednesday, as investors\' appetite for riskier currencies faded following lacklustre corporate results that raised worries over the economic outlook, and as Treasury yields rose. Risk sentiment took a hit as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower, pressured by rising U.S. Treasury yields. The dollar index, which measures its strength against a basket of six rivals, was 0.3% higher at 106.5, its highest level in nearly a week. "I think it is mainly a risk backdrop story," said Shaun Osborne, chief foreign exchange strategist at Scotiabank in Toronto. "Weak risk appetite seems to be driving broad USD gains. Benchmark U.S. 10-year Treasury yields inched higher, resuming a move toward a 16-year peak of 5.0% briefly breached on Monday. The 10-year yield was last at 4.9506%. Global financial markets have been gripped by a surge in U.S. bond yields, which helped drive the dollar index to its highest in almost a year earlier this month. Analysts, however, see limited room for yields and the dollar to extend gains. "My inclination is to look at these gains as an opportunity to fade some of the dollar strength against certain currencies," Scotiabank\'s Osborne said. Data on Wednesday showed sales of new U.S. single-family homes surged to a 19-month high in September as the annual median house price dropped by the most since 2009 amid discounts offered by builders to woo buyers, but mortgage rates flirting with 8% could curb demand. Elsewhere, the Australian dollar jumped on Wednesday after a surprisingly high reading for inflation stoked speculation about a further hike in interest rates and slugged bond futures. But it erased all those gains to trade down 0.74% on the day. [AUD/] "The interesting thing about Australia is that a lot of other central banks are in a very similar position. They have paused, the market\'s hoping that will be it, but everyone is on tenterhooks hoping that inflation will remain well behaved, and in the case of Australia it has not," said Jane Foley, head of FX strategy at Rabobank. Story continues The Canadian dollar weakened against its U.S. counterpart after the Bank of Canada held its key overnight rate at 5.0%, as expected, and forecast weak growth while leaving the door open to more rate hikes to tame inflation that could stay above target for another two years. The U.S. dollar was last up 0.41% against the Canadian currency. The dollar also kept the yen pinned near the closely watched 150 threshold, with the Japanese currency last at 149.99 per dollar, with traders alert for any signs of intervention by Japanese authorities. Pressure is mounting on the Bank of Japan to change its bond yield control as global interest rates rise. A hike to an existing yield cap set just three months ago is being discussed as a possibility in the run-up to next week\'s policy meeting, Reuters cited sources as saying this week. "There is a decent chance there will be a another tweak to yield curve control," said Foley. "If we don\'t see that, it is quite possible that we will see the other side of 150 quite soon." In cryptocurrencies, Bitcoin was last up 1.83% at $34,539, holding near a roughly 18-month high hit on Tuesday. The world\'s largest cryptocurrency is up about 15% for the week, fuelled by speculation that an exchange-traded bitcoin fund is imminent. (Reporting by Saqib Iqbal Ahmed; Additional reporting by Rae Wee in Singapore and Alun John in London; Editing by Simon Cameron-Moore, Mark Potter, Mike Harrison and Diane Craft)', '* Hang Seng up 2% on China bond issue and Huijin signal * AUD hits $0.64 as inflation surprise follows hawkish Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-25 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $667,173,148,200 - Hash Rate: 436874638.6171956 - Transaction Count: 476549.0 - Unique Addresses: 812853.0 Social & AI Sentiment: - Fear & Greed Index: 0.72 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: This article originally appeared inFirst Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context.Subscribe to get it in your inbox every day. The U.S. Securities and Exchange Commission (SEC) mustreviewits rejection of Grayscale Investments' attempt to convert its Grayscale Bitcoin Trust (GBTC) into an ETF, a federal appeals court ruled on Tuesday.The legal victory potentially opens the door for a spot bitcoin ETF in the U.S. Advocates have long argued that allowing this type of product would enable a greater swath of the general public to invest in bitcoin without having to go through the trouble of buying it directly or deal with potential issues like their custody providers collapsing. The SEC has disapproved every such ETF application it's reviewed to date, though a new swath of applicants are now hoping for success. Circuit Judge Neomi Rao, writing the D.C. Circuit Court of Appeals' opinion, said that federal agencies are required to "treat like cases alike." The SEC did not explain why it was treating these products differently, she added, making the Grayscale denial "arbitrary and capricious.” Bitcoin (BTC)gainednearly 8%, topping $28,000 at one point on Tuesday afternoon after afederal appeals court ruledthat the SEC must review its rejection of Grayscale Investments' attempt to convert its GBTC into an ETF.As has been typical with such rallies for many months, the crypto quickly gave back a chunk of those gains, with bitcoin trading just under $27,400 at press time, still up more than 5% over the past 24 hours. GBTC also saw itsbusiest trading sessionin 14 months, with nearly 20 million shares changing hands through the day, the most since the June 2022 crypto market crash, according toYahoo data. The share price surged 18% to almost $21, the highest since bitcoin hit $31,000 in mid-July while the fund’sdiscountto net asset value (NAV)narrowedto as low as 15%, a level not seensince December 2021. Other movers included bitcoin cash (BCH), which has surged 15% over the last 24 hours.Stacks(STX), a bitcoin layer 2 protocol, was also a top gainer following the news, gaining 20% on the day. DCG, the parent company of Grayscale, also owns CoinDesk. A tentative dealstruckbetween defunct lender Genesis Global Capital (GGC) and parent company Digital Currency Group (DCG) faces opposition from a group of creditors who described in aTuesday filingthe treatment of over a billion dollars in outstanding loans as “wholly insufficient.” Genesis' lending arm GGCfiled for bankruptcy in Januaryafter a double whammy from the collapse of hedge fund Three Arrows Capital and crypto exchange FTX. The wind-up has been delayed for months by talks over the contribution that DCG should make. An in-principle dealannounced by Genesis on Tuesdaysaw DCG – which is also CoinDesk’s parent company – agreeing to a series of partial repayments to satisfy liabilities of $630 million in unsecured loans due in May 2023 and $1.1 billion due in 2032.... - Reddit Posts (Sample): [['u/TaterTower', 'Just hit 0.1 BTC yesterday', 806, '2023-10-25 10:22', 'https://www.reddit.com/r/Bitcoin/comments/17fzzff/just_hit_01_btc_yesterday/', "As an 18 year old stacking sats wasn't easy, but im proud to say that yesterday i finally hit 0.1 Btc. Lets see where this takes us!", 'https://www.reddit.com/r/Bitcoin/comments/17fzzff/just_hit_01_btc_yesterday/', '17fzzff', [['u/Some-Pumpkin2358', 41, '2023-10-25 16:04', 'https://www.reddit.com/r/Bitcoin/comments/17fzzff/just_hit_01_btc_yesterday/k6e8ph9/', "i'm from poor country +rn unemployed so only have 130$ worth of btc :/ Age 21(very dissapointed in myself)", '17fzzff']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Participants Adam Minick; Investor Contact; CME Group Inc. Derek Sammann; Senior MD and Global Head of Commodities, Options Products & International Markets; CME Group Inc. Julie Winkler; Senior MD & Chief Commercial Officer; CME Group Inc. Lynne Fitzpatrick; CFO; CME Group Inc. Suzanne Sprague; Senior MD and Global Head of Clearing & Post-Trade Services; CME Group Inc. Terrence A. Duffy; Chairman & CEO; CME Group Inc. Tim McCourt; Senior MD and Global Head of Financial & OTC Products; CME Group Inc. Alexander Blostein; Lead Capital Markets Analyst; Goldman Sachs Group, Inc., Research Division Alexander Kramm; Executive Director and Equity Research Analyst of Exchanges, Ebrokers; UBS Investment Bank, Research Division Andrew Bond; Senior Analyst; Rosenblatt Securities Inc., Research Division Benjamin Elliot Budish; Research Analyst; Barclays Bank PLC, Research Division Brian Bertram Bedell; Director in Equity Research; Deutsche Bank AG, Research Division Christopher John Allen; MD; Citigroup Inc., Research Division Craig William Siegenthaler; MD & Head of the North American Asset Managers, Brokers & Exchanges Team; BofA Securities, Research Division Daniel Thomas Fannon; Senior Equity Research Analyst; Jefferies LLC, Research Division Elias Noah Abboud; Research Analyst; BofA Securities, Research Division Kenneth Brooks Worthington; MD; JPMorgan Chase & Co, Research Division Kyle Kenneth Voigt; MD; Keefe, Bruyette, & Woods, Inc., Research Division Michael J. Cyprys; Executive Director and Senior Research Analyst; Morgan Stanley, Research Division Owen Lau; Associate; Oppenheimer & Co. Inc., Research Division Patrick Malcolm Moley; Research Analyst; Piper Sandler & Co., Research Division Presentation Operator Greetings, and welcome to the CME Group Third Quarter 2023 Earnings Call. (Operator Instructions) I would now like to turn the conference over to Adam Minick. Please go ahead. Adam Minick Good morning. I hope you\'re all doing well today. We will be discussing CME Group\'s third quarter 2023 financial results. I\'ll start with the safe harbor language, then I\'ll turn it over to Terry. Statements made on this call and in the other reference documents on our website that are not historical facts are forward-looking statements. These statements are not guarantees of future performance. They involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any statement. Detailed information about factors that may affect our performance can be found in the filings with the SEC, which are on our website. Lastly, on the final page of the earnings release, you will see a reconciliation between GAAP and non-GAAP measures. With that, I\'ll turn the call over to Terry. Story continues Terrence A. Duffy Thanks, Adam, and thank you all for joining us this morning. We released our executive commentary earlier today, which provides details on the third quarter of 2023. I\'ll make a few brief comments on the quarter and current outlook, and Lynne will summarize our financial results. In addition to Lynne, we have other members of our management team present to answer questions after the prepared remarks. Turning to the most recent quarter. Average daily volume of 22.3 million contracts was less than 1% off the record Q3 high set in Q3 2022, while our revenue grew 9% to $1.34 billion, which is the highest Q3 revenue in CME Group\'s history. As we\'ve mentioned throughout this year, we are operating in an environment that unquestionably requires risk management. With so much uncertainty in the world we live in, we\'re continuing to work closely with our clients to help them navigate uncertainty and manage their risks. This is particularly true in the interest rate markets today. We see divergent market views around inflation, unemployment, monetary policy and ongoing geopolitical tensions, all impacting future interest rate expectations. Regardless of whether rates rise, fall or hold steady, the shape of the yield curve and interest rate views continue to shift, and our customers need to manage that risk. As a result, we have continued to see growth on top of the record year in 2022 for our interest rate business. This was our highest Q3 for our interest rates complex, up 6% from the same quarter last year. We saw particular strength in the treasury complex, which was up 16% in the quarter and is off to a strong start in Q4 as well. Completing the successful migration of Eurodollars to SOFR, we continue to list other products to complement our interest rate complex today. Our European short-term rate, or ESTR contracts, traded a record 10,000 contracts per day in September. Our newly listed treasury bill futures launched on October 2, and we have traded over 15,000 contracts in the first 3 weeks. This is one of the most successful launches of a [rates] product ever. Our broad product offering and focus on capital efficiencies, such as the enhanced cost-margining agreement with DTCC going live in January of 2024, continue to enhance the value proposition for our customers using our products to manage their interest rate exposure. On the commodity side, third quarter 2023 volume was up 15% in total and included the highest-ever Q3 volume for our agricultural products. Our energy complex also performed well, with volume increasing 16% from last year. We believe the current environment for this asset class will continue to bring new clients as well as existing ones to manage their exposure in our global benchmark. We believe the strong macro environment, combined with our diverse set of asset classes and strategic execution across our growth initiatives, positions us well for continued growth in 2023 and beyond. With that, I\'ll turn it over to Lynne to cover the third quarter financial results. Lynne Fitzpatrick Thanks, Terry. During the third quarter, CME generated $1.34 billion in revenue, up 9% compared with a strong third quarter of last year. Clearing and transaction fees and market data revenue each grew 9% versus Q3 \'22. Expenses continue to be very carefully managed, and on an adjusted basis, were $448 million for the quarter and $369 million excluding license fees, both lower than the second quarter this year. This quarter, our investment in the cloud migration was approximately $13 million. Our adjusted operating margin for the quarter expanded to 66.5%, up approximately 240 basis points compared with the same period last year. CME Group had an adjusted effective tax rate of 22.8%, which resulted in net income of $818 million and adjusted diluted earnings per share of $2.25, each up 14% from the third quarter last year. Of the $110 million increase in revenues versus last year, we were able to drive 90% to the bottom line with adjusted net income up $99 million. As a result of the strong expense discipline throughout the firm, we are lowering our core expense guidance, excluding license fees, to $1.475 billion, a $15 million decrease from our original guidance of $1.49 billion. We are maintaining our guidance of $60 million for our cloud migration expense for a total expense guidance of $1.535 billion excluding license fees. We continue to manage our capital expenditures effectively with an eye towards our move to the cloud. As a result, we are lowering our CapEx guidance [to] $85 million. For the quarter, our capital expenditures were approximately $18 million. CME paid out $2.8 billion of dividends so far this year, and cash at the end of the quarter was approximately $2.5 billion. Our strong financial results this quarter continued to build on the strength achieved in the first half of the year. This quarter, we delivered our ninth consecutive quarter of double-digit adjusted earnings growth. Our global benchmarks, data and strong focus on innovation and execution continue to address the needs of our clients and deliver results for our shareholders. Please refer to the last page of our executive commentary for additional financial highlights and details. We\'d now like to open up the call for your questions. (Operator Instructions) Thank you. Question and Answer Session Operator (Operator Instructions) Our first question is from the line of Dan Fannon with Jefferies. Daniel Thomas Fannon Terry, a question for you on M&A. You\'ve been vocal about your financial capacity to do additional transactions. I was hoping you could talk about kind of the scope and what you\'re looking at. And also, in the context of the current environment, why now? Have valuations come in? Are your competitors distracted with other deals or other tasks? So curious about the current backdrop of what you\'re looking -- what you\'re thinking about and really the scope and what that may look like. Terrence A. Duffy Yes. Thanks, Dan. I think that\'s the reason why people sometimes need to read the whole story and not just the headline. Because if you read the whole story, I haven\'t said anything different than what I\'ve said for several years, is I was only stating facts to the point where our capacity is much greater than everybody else\'s because we\'ve stayed very disciplined and very focused as it relates to our M&A transactions that we\'ve done. I was only referring to our EBITDA being lower than 1x compared to some of our competitors who were at multiples of that. When asked the question, if deals are to be offered, I made the reference to the comment that where else would you want to shop something but the CME? It doesn\'t mean that CME is interested, but that\'s all I was referencing. So my appetite for this hasn\'t changed a bit. We have not looked at anything that I -- to a point where I said, "Okay, we want to do a deal." I was only referencing what I\'ve been saying for a number of years. And unfortunately, the headlines say what they\'re going to say. So there\'s not much more I can say about it than that, Dan. But ag Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-26 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $677,215,317,262 - Hash Rate: 455077748.5595787 - Transaction Count: 431256.0 - Unique Addresses: 778594.0 Social & AI Sentiment: - Fear & Greed Index: 0.71 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) ended the first U.S. trading day of the week in the green, but it gave up some gains as the U.S. 10-year yield spiked to its highest level in more than 16 years. In the last 24 hours, the world's largest digital asset dipped into the red and is down by 1.57%. Meanwhile, the much-hyped ether futures exchange-traded funds (ETFs) failed to capture the interest of investors, with low volumes reported on their first day of trading. Bitcoin is set to end the U.S. trading day just below $28,000, up around 3%,according to CoinDesk Indices data. Meanwhile,ether is changing handsat approximately $1670, down modestly for the session. TheCoinDesk Market Index (CMI)is higher by 1.6% over the past 24 hours. In the equities market, stocks were mixed Monday after U.S. lawmakers over the weekend prevented a government shutdown with a stop-gap bill. Interest rates continued to push higher, with the U.S. 10-year Treasury yield soaring another 11 basis points to 4.69%. The yield rose after unexpectedly strong manufacturing data underlined the resilience of the U.S. economy, with the ISM figures coming in at 49 versus a forecasted 47.7, suggesting that more rate hikes could be in the cards. For crypto, all this is happening as the industry enters October, historically one of its strongest months. The crypto market, especially bitcoin, has seen a sizable rally recently, influenced by factors like the SEC's ether futures ETFs approvals and other government decisions, QCP Capital wrote in a recent note, highlighting that bitcoin has gained 15% in the last two weeks. However, QCP has concerns regarding the rally's sustainability, with shifts in demand and historical data suggesting potential market downturns. “We would even go further to say a futures-only ETF is arguably detrimental to spot price - as it potentially directs demand away from the spot market into a synthetic market,” they wrote. QCP says it is taking advantage of this rally to buy the downside hedges, expecting resistance to hold around $29,000-$30,000. As far as the recently launched ether futures ETFs,volumes remained low throughout the trading day. "Even if these ETFs come out, and they don't massively drive price changes, that's okay. That's what assets are supposed to do. They're not supposed to be all over the room," Dexterity Capital Managing Partner Michael Safai said on a recent appearance on CoinDesk TV. "ETF issuers don't know the markets like traders do," he continued. "Their optimism is a bit misplaced; anyone who wants bitcoin or ether surely has it.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ['Investors may want to start clearing out the junk as we head into New Year 2024. In fact, i f the stocks listed below are held, consider selling them. If not, be warned. Many of the names on this list of stocks to avoid aren’t worth buying. Stocks to Avoid: Coinbase (COIN) The Coinbase (COIN stock) logo on a smartphone screen with a BTC token. Crypto winter is setting in. Source: Primakov / Shutterstock.com Coinbase (NASDAQ: COIN ) has a well-known brand, offers easy access to crypto markets, and has provided very strong returns to investors in 2023. Despite that, the stock is a sell. Fundamentally, Coinbase is heading in the wrong direction. Consumer and institutional trading volumes fell precipitously at Coinbase in the second quarter. That led to a large decline, roughly 50%, in transaction revenue for Coinbase. The firm made up some of the difference with interest income but it wasn’t enough, and revenues suffered a 17% decline . Those are just simple facts but they’re powerful nonetheless. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Beyond that, Coinbase is also facing a lawsuit from the US Securities and Exchange Commission (SEC). That lawsuit will argue whether cryptos are securities as the SEC digs in its heels and attempts to bring crypto under its purview. The lawsuit is only going to serve to hold prices lower as it looms like a black cloud sowing doubt about crypto’s position.\xa0 Additionally, Coinbase continues to lose a lot of money, more than $97 million in Q2. AMC (AMC) The AMC Empire 25 Cinemas in Times Square in New York Source: rblfmr / Shutterstock.com AMC (NYSE: AMC ) is and has been a dangerous stock to invest in. The company continuously attempts to market the silver lining in what has consistently been a gray cloud. Recently, that’s materialized as a push to impress investors that Taylor Swift’s Era’s Tour film could be its savior. It’s clear that concert movies like her’s and Beyonce’s have a broad appeal that sells. However, AMC isn’t going to right its ship on either or both. It is simply too far gone. The firm and its stock have been trading on borrowed time for a while. Back in April, Moody’s downgraded AMC’s credit rating to ‘junk’. AMC posted a net loss of $186 million in H1 . Somehow, the company wants investors to believe that it is stronger than the seismic shifts affecting its business. It isn’t. Streaming and other factors are simply too powerful. Story continues AMC’s debt is rising and the company has diluted its stock as well. Don’t get caught chasing its supposed strengths. Stocks to Avoid: United Airlines (UAL) The front view of a passenger airplane with a sunset in the background. Airline stocks Source: Shutterstock United Airlines (NASDAQ: UAL ) perfectly exemplifies one of the biggest issues affecting airline stocks : profitability. Margins are generally tight even in the best of times. Analysts keep a keen eye trained on earnings in particular. It serves as a barometer of overall health which is exactly why UAL shares are headed down for the next few weeks. While United Airlines showed strong results on booming Atlantic and Pacific travel in Q3, it’s the fourth quarter outlook that has investors worried. United offered weak guidance that is roughly $0.30 to $0.60 below the $2.09 analysts had in mind. The news is troublesome for the entire industry and factors in externalities that could not have been anticipated. The conflict in Israel and Palestine is taking its toll as Tel Aviv flights are being affected. Rising fuel costs factor in as well. The result is that airline stocks again appear troubled which follows a strong period of surging, pent-up travel demand. Mullen (MULN) Image of a red Mullen car. Source: betto rodrigues / Shutterstock.com Mullen (NASDAQ: MULN ) stock is truly circling the drain. For the past few months the company has been fighting to simply keep its shares listed on the Nasdaq . That’s a crystal clear sign that the firm is in deep trouble and very dangerous for investors overall. The thrust of news is entirely up to one’s interpretation. It’s positive in that Mullen may be able to ward off an imminent delisting by bringing its case before the panel. Yet, it’s also a screaming indication of how bad things have gotten. In any case, Mullen just diluted the value of its shares again by filing a preliminary proxy statement of a reverse stock split. It’s a textbook example of how to further erode shareholder value when trying to do the opposite. Stocks to Avoid: Beyond Meat (BYND) Person holding mobile phone with logo of American meat substitute company Beyond Meat Inc. (BYND) on screen in front of web page. Focus on phone display. Unmodified photo. Source: T. Schneider / Shutterstock.com Beyond Meat’s (NASDAQ: BYND ) products have not lived up to the hype. The simple truth is that consumers aren’t going to replace beef burgers with plant-based burgers. That’s the narrative you have to pull from Beyond Meat’s Q2 earnings report. Sales fell 30.5% to $102.1 million during the period. That led to a $53.5 million net loss. Optimistic investors can build a narrative that favors those fundamentals but it wouldn’t be wise. In the earnings report, Beyond Meat characterized the slowdown as reflective of ‘weak category demand’. Again, plant-based meat simply hasn’t lived up to the hype. My take remains the same: Plants are delicious and so is meat. Trying to make plants into meat simply doesn’t work. It lacks mass appeal and more importantly, the business model produces steep losses on a sustained basis. BYND shares dipped below $10 in early September and are headed toward $6. Stay away. KeyCorp (KEY) bank customer sliding money to teller at bank desk. promising bank stocks Source: Syda Productions / Shutterstock.com KeyCorp (NYSE: KEY ) sings a siren song with a dividend yielding 8.1%. Bank stocks are considered stable generally notwithstanding trouble earlier this year. And a high-yield dividend makes KEY shares appear to be a slam dunk at first glance. Upon further inspection, the truth becomes clearer. The yield is as high as it is because share prices have fallen so dramatically. Those prices have fallen because income has more than halved at the bank in 2023. That has pushed prices from $18 to $10. Meanwhile, dividend payouts have remained at $0.205 per quarter pushing yields higher due to their calculation method. Regional banks were deeply shaken earlier in the year. Investors are still trying to figure out what to make of them late in 2023. I can’t say I have a clear answer but intuition tells me that KeyCorp is in trouble and that its dividend will only draw investors in and ultimately hurt them. Stocks to Avoid: GameStop (GME) GameStop (GME) sign on side of building in blue early morning light Source: shutterstock.com/EchoVisuals It feels like the tide has turned on GameStop (NYSE: GME ). Even the appointment of Ryan Cohen hasn’t changed overall negative sentiment surrounding the firm. His appointment hasn’t had the effect intended and shares have continued to fall. The company’s push into eCommerce, at Cohen’s behest as a major shareholder, has fallen flat. The company burned through a series of high-profile eCommerce executives who failed to stanch the bleeding. Now GameStop is back to square one: Traditional disc-based game sales combined with steep cost-cutting measures as GameStop enacts the strategy it abandoned not long ago. No one viewing GameStop believes that the company is now in a better place than it was at any point in the last few years. There’s not much hope left logically. Digital downloads dominate the gaming industry. GameStop couldn’t adapt successfully. It tried to branch out into hot topics including NFTs to no avail.\xa0 Nothing has helped and it’s back to square one only with the additional problems it’s picked up in the interim. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . More From InvestorPlace ChatGPT IPO Could Shock the World, Make This Move Before the Announcement Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. The Rich Use This Income Secret (NOT Dividends) Far More Than Regular Investors The post 7 Doomed Stocks With Nowhere to Go But DownÂ appeared first on InvestorPlace .', "Singapore --News Direct-- BingX SINGAPORE - Media OutReach - 27 October 2023 - BingX, a leading cryptocurrency exchange, is excited to announce the release of the highly anticipated Version 2 of its 4th Quarter 2023 Crypto Report. This updated report offers an in-depth examination of cryptocurrency price analysis and spotlights high value projects, building upon the success of its predecessor. The reports anticipates increased volatility for Bitcoin in Q4 2023. However, the potential approval of ETFs and ongoing economic uncertainty in the U.S. suggest a Bitcoin rebound during the fourth quarter of 2023. Version 2 of the 4th Quarter 2023 Crypto Report by BingX provides detailed insights and updates into cryptocurrency market performance and uncovers some of the most promising projects in crypto space. Projects featured in this report include updates on ARB price , ANT price , AAVE price and STORJ price . The report suggests that 2024 and 2025 could potentially be the final bull markets for Bitcoin with significant price increases, especially in the sector of DeFi. BingX's Version 2 of the 4th Quarter 2023 Crypto Report builds on the success of its previous edition of Token Price Analysis V1 , offering fresh insights into the dynamic cryptocurrency market. This comprehensive resource empowers investors and enthusiasts with expert analysis and information to make informed decisions with recent BTC price movements and general consensus. About BingX BingX is a leading cryptoc Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-27 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $664,980,108,512 - Hash Rate: 467213155.1878341 - Transaction Count: 452816.0 - Unique Addresses: 801082.0 Social & AI Sentiment: - Fear & Greed Index: 0.70 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: (Updates to U.S. market open) * U.S. stocks rebound * 10-year Treasury yield stays below 5% * Oil prices dip By Lawrence Delevingne and Amanda Cooper Oct 24 (Reuters) - Global stocks advanced on Tuesday as a flicker of investor risk appetite lifted equities, although trading was cautious given the war in the Middle East and looming make-or-break data for the outlook for U.S. interest rates. Oil fell further after a flurry of weak economic data sketched a bearish picture which could weigh on oil demand, eclipsing worries that the Israel-Hamas war could escalate into a wider conflict in the crude-exporting region. The U.S. dollar gained, while Bitcoin, which on Monday staged its biggest one-day rally in a year with a gain of 10.2%, was up another 4%. Wall Street's main stock indexes all rose in morning trading. The Dow Jones Industrial Average rose 0.81%, to 33,202, the S&P 500 gained 0.74%, to 4,248 and the Nasdaq Composite added 0.73%, to 13,112. The MSCI All-World index rose 0.4%, marking its first daily rise since Oct. 17, while an index of Asia-Pacific shares outside Japan edged above a one-year low. Monthly surveys of business activity showed a decline in the euro zone and the UK in early October, ahead of a separate report due out later for the United States. "The only real growth that is out there is in the United States," TraderX strategist Michael Brown said, flagging the monthly U.S. purchasing manager index (PMI) survey due later. "I would expect that is going to really reinforce that message. The risks facing the euro zone were pretty significant already, before everything kicked off in the Middle East, but now we are potentially looking at a second consecutive winter where the euro zone is having to grapple with an energy shock," he said. The STOXX 600 was little changed, as declines in banking shares such as Barclays were offset by gains in the likes of luxury group LVMH and Swiss computer parts maker Logitech. Investors do not expect the European Central Bank to raise interest rates when it meets this week, but are still prepared for borrowing costs to remain high for a long time. "The looming spectre of inflation grows even more imposing, especially considering the recent sharp ascent in oil prices," said Dalma Capital Chief Investment Officer Gary Dugan. "If oil prices persist at this level throughout the rest of 2023 and into 2024, this could potentially inject another bout of inflation into the global economy." THE 5% CLUB Global bond yields have surged higher in recent weeks, in part because of a growing belief that central banks will have no room to cut interest rates until well into 2024. The run-up in yields on the 10-year Treasury note to 5% on Monday is a reflection of this belief. The 10-year note was last yielding 4.855%, up 1.5 basis points on the day. BlackRock Chief Executive Larry Fink said he believed U.S. rates would stay higher for longer, given the amount of fiscal stimulus entering an already resilient economy, and robust wage growth. "I do believe the Federal Reserve will have to raise rates higher, which probably will mean that by 2025 we may have a soft landing, we may have hard landing. That is the only way that I see that we’ll be arresting this. But I don’t expect it any time soon," Fink said at a gathering of financial leaders in Riyadh on Tuesday. Investor attention will be split this week between the earnings of high-profile companies, such as Microsoft, Facebook parent Meta Platforms and Amazon, as well as a slew of economic data ahead of the Fed's meeting from Oct. 31 to Nov. 1. Third-quarter gross domestic product data on Thursday, along with the Personal Consumption Expenditures (PCE) report, the U.S. central bank's preferred inflation gauge, on Friday, could help shape medium-term expectations for U.S. rates. In the currency market, the dollar rose 0.36% against a basket of currencies, partially reversing Monday's 0.5% drop. The yen held steady against the dollar, but was not too far away from 150 per dollar - a level markets believe could prompt Japanese authorities to intervene to prop up the currency. Against the yen, the dollar was steady at 149.80. "We believe this current dollar weakness is corrective in nature," Brown Brothers Harriman & Co. strategists wrote in a note Tuesday. "Looking beyond the current noise related to dovish Fed comments, nothing fundamentally has changed and we see no reason to believe the dollar’s uptrend has ended." In cryptocurrencies, bitcoin rose to 18-month highs, as speculation about the possibility of an exchange-traded fund drove enthusiasm and prompted short-sellers to exit positions. The world's biggest cryptocurrency traded as high as $35,198, before easing to $34,383, up about 4% on the day. Oil prices were dipped on Tuesday following the previous session's delined after a flurry of economic data from Germany, the wider euro zone and Britain sketched a bearish picture which could weigh on oil demand. U.S. crude fell 0.57% to $85.00 per barrel and Brent was at $89.36, down 0.52% on the day. Spot gold dropped 0.5% to $1,963.10 an ounce. (Reporting by Lawrence Delevingne in Boston and Amanda Cooper in London. Additional reporting by Ankur Banerjee in Singapore Editing by Mike Harrison, Mark Potter and Toby Chopra)... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["NEW YORK , Oct. 27, 2023 /PRNewswire/ -- The global cryptocurrency market size is estimated to grow by USD 1,815.78 million from 2022\xa0to 2027, according to Technavio. The market is estimated to grow at a CAGR of 15.81% during the forecast period. North America is estimated to account for 48% of the global market growth during the forecast period.\xa0The rising\xa0demand for digital payments boosted the growth of the North American cryptocurrency market\xa0in 2022. The US\xa0is one of the top countries and is considered to be at the forefront of technological progress\xa0in digital\xa0currencies. Owing\xa0to the presence of multiple market players and new\xa0innovations in\xa0the region,\xa0North America holds the largest share of the cryptocurrency market. Hence, such factors drive regional growth during the forecast period. For more insights on the historical period (2017 to 2021) and forecast market size (2023\xa0to 2027)\xa0- Request a sample report Technavio has announced its latest market research report titled Global Cryptocurrency Market 2023-2027 What's New? Special coverage on the Russia - Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report! Cryptocurrency Market - Segmentation Assessment Segment Overview Technavio has segmented the market based on\xa0Type ( bitcoin , ethereum , and others), Component (hardware and software), and Geography ( North America , Europe , APAC, South America , and Middle East and Africa ). The market share growth by the bitcoin segment will be significant for overall market growth during the forecast period. Bitcoin , which is known to\xa095% of cryptocurrency owners and prospects,\xa0has the largest market capitalization, more than double that of its closest competitor, Ethereum . Furthermore, Tether , USD Coin, Binance USD, and DAI are his four cryptocurrencies in the top 20 pegged\xa0directly to\xa0the value of the US dollar. About 8% of people in the US trade cryptocurrencies . This is created, stored, processed, and shared using a decentralized system called\xa0a\xa0blockchain. Hence,\xa0given the high popularity of Bitcoin , the global cryptocurrency market is expected to witness significant growth during the forecast period. Story continues Insights on the market contribution of various segments including country and region wise\xa0historic data (2017 to 2021), and forecast market size (2023\xa0to 2027)\xa0- Download a Sample Report Cryptocurrency Market – Market Dynamics Key factors driving market growth Rising investment in digital assets is one of the major drivers for the cryptocurrency market's growth. Cryptocurrencies are becoming more popular in the global market for digital assets. This is because digital assets\xa0allow rapid\xa0transfer of\xa0ownership without\xa0the need for paper copies of documents. For instance,\xa0a digital asset owner can quickly transfer ownership to a new owner or purchaser when the asset is purchased through NFT. Additionally, since\xa0many people interact with digital assets every day, from investing in crypto as a digital asset to digitizing existing investment assets, digital assets become integrated into the existing network of traditional financial markets. Hence, such factors drive market growth for cryptocurrency during the forecast period. Leading trends influencing the market The rising inclination for digital currency is one of the major cryptocurrency market trends that propel the market growth. Digital currencies offer the potential for faster and cheaper bank transfers, accelerating e-commerce, increasing the number of financial transactions in low-income countries, and increasing international money transfers. Thus\xa0it\xa0has\xa0the potential to change the world. Furthermore, no interbank payments are required as the system exchanges digital currencies instead of bank deposits like cash. Hence, such trends drive the market growth of cryptocurrency during the forecast period. Major challenges hindering the market growth Volatility in the value of cryptocurrency is one of the major challenges limiting the cryptocurrency market's growth. The value of cryptocurrencies is highly volatile, and therefore, low-risk investors do not include cryptocurrencies in their financial portfolios.\xa0The volatility in value is large because cryptocurrencies are being held by a limited number of people who buy and sell in bulk on trading platforms and exchanges. For instance, in June 2022 , Bitcoin lost more than 10% of its value in one day, which\xa0is a significant drop from November 2021 when Bitcoin was worth USD 69,000 per token. Furthermore,\xa0the lack of transaction charges, position charges, trade posting fees, and regulations on trading platforms also causes volatility in the value of cryptocurrency . Hence, such challenges impede market growth during the forecast period. Insights on Market Drivers, trends, & Challenges, historical period(2017 to 2021), and forecast period(2023 to 2027)- Request a\xa0sample report! What are the key data covered in this Cryptocurrency Market report? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the cryptocurrency market between 2023 and 2027 Precise estimation of the size of the cryptocurrency market and its contribution to the market with a focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the cryptocurrency market across North America , Europe , APAC, South America , and Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of cryptocurrency market vendors Gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Related Reports: The currency counting machine market is estimated to grow at a\xa0CAGR of 14.61%\xa0between 2022 and 2027. The size of the market is forecast to increase by\xa0USD 625.77 million.\xa0This report extensively covers market\xa0segmentation by end-user (BFSI, retail, and commercial), type (basic note counter, hi-speed heavy-duty cash counting, and intelligent counting cum counterfeit detection machines), and geography (APAC, North America , Europe , Middle East and Africa , and South America ).\xa0The increase in the circulation\xa0of counterfeit currency is notably driving the currency counting machine market growth. The cryptocurrency mining hardware market is estimated to grow at a CAGR of 11.35% between 2022 and 2027. The size of the market is forecast to increase by USD\xa012053.16 million.\xa0This report extensively covers market segmentation by product ( ASIC , GPU, and others), application ( bitcoin mining, ethereum mining, and others), and geography (APAC, North America , Europe , Middle East , and Africa , and South America ).\xa0The\xa0profitability of cryptocurrency mining ventures is\xa0notably driving the cryptocurrency mining hardware market growth. Cryptocurrency Market Scope Report Coverage Details Base year 2022 Historic period 2017-2021 Forecast period 2023-2027 Growth momentum & CAGR Accelerate at a CAGR of 15.81% Market growth 2023-2027 USD 1,815.78 million Market structure Fragmented YoY growth 2022-2023\xa0(%) 14.37 Regional analysis North America, Europe, APAC, South America, and Middle East and Africa Performing market contribution North America at 48% Key countries US, China, UK, Germany, and Switzerland, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks Key companies profiled Advanced Micro Devices Inc., AlphaPoint Corp., Binance Holdings Ltd., Bitfury Group Ltd., BitGo Inc., BitMain Group, Bitstamp Europe SA, BlockFi Inc., Coinbase Global Inc., ConsenSys Software Inc., iFinex Inc., Intel Corp., KuCoin, Ledger SAS, Microsoft Corp., Money Group Inc., New Bit Ventures Ltd., NVIDIA Corp., Ripple Labs Inc., and Xapo Bank Ltd. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of Contents 1 Executive Summary 1.1 Market overview 2 Market Landscape 2.1 Market ecosystem 3 Market Sizing 3.1 Market definition 3.2 Market segment analysis 3.3 Market size 2022 3.4 Market outlook: Forecast for 2022-2027 4 Historic Market Size 4.1 Global cryptocurrency market 2017 - 2021 4.2 Type Segment Analysis 2017 - 2021 4.3 Component Segment Analysis 2017 - 2021 4.4 Geography Segment Analysis 2017 - 2021 4.5 Country Segment Analysis 2017 - 2021 5 Five Forces Analysis 5.1 Five forces summary 5.2 Bargaining power of buyers 5.3 Bargaining power of suppliers 5.4 Threat of new entrants 5.5 Threat of substitutes 5.6 Threat of rivalry 5.7 Market condition 6 Market Segmentation by Type 6.1 Market segments 6.2 Comparison by Type 6.3 Bitcoin - Market size and forecast 2022-2027 6.4 Ethereum - Market size and forecast 2022-2027 6.5 Others - Market size and forecast 2022-2027 6.6 Market opportunity by Type 7 Market Segmentation by Component 7.1 Market segments 7.2 Comparison by Component 7.3 Hardware - Market size and forecast 2022-2027 7.4 Software - Market size and forecast 2022-2027 7.5 Market opportunity by Component 8 Customer Landscape 8.1 Customer landscape overview 9 Geographic Landscape 9.1 Geographic segmentation 9.2 Geographic comparison 9.3 North America - Market size and forec Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-28 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $667,551,173,488 - Hash Rate: 485416265.1302173 - Transaction Count: 564383.0 - Unique Addresses: 819540.0 Social & AI Sentiment: - Fear & Greed Index: 0.65 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The world of cryptocurrency trading is undergoing a profound metamorphosis, fueled by a growing wave of investors seeking alternatives to the well-established centralized exchanges (CEXs) that have long reigned supreme. These CEXs have traditionally acted as intermediaries, facilitating transactions between buyers and sellers of digital currencies like Bitcoin and Ethereum. While CEXs offer certain advantages such as liquidity, convenience and security, they also carry significant downsides, including hefty fees and privacy concerns as well as susceptibility to hacking and fraud. Rise of decentralized crypto trading Crypto’s shifting landscape has propelled decentralized exchanges (DEXs) into the limelight. DEXs are platforms that empower users to engage in direct peer-to-peer trading of crypto assets, eliminating the need for intermediaries. Harnessing the power of blockchain or distributed ledger technology, DEXs introduce a range of advantages over their centralized counterparts, including: 1. Lower fees: DEXs typically impose more favorable fee structures than CEXs, which often burden users with high commissions, spreads and withdrawal charges. 2. Enhanced privacy: Unlike CEXs, which demand personal information and identity verification, DEXs operate with greater privacy, sidestepping anti-money laundering (AML) and know-your-customer (KYC) regulations. 3. Greater control: DEXs empower users by allowing them to maintain full control over their crypto assets and private keys, unlike CEXs that hold users’ funds in their own wallets or custodial services. 4. Fostering innovation: DEXs provide access to a broader spectrum of crypto assets and services, including lending, borrowing, staking, yield farming, non-fungible tokens ( NFTs ) and more. Nonetheless, decentralized exchanges grapple with their own set of challenges, such as: 1. Limited liquidity: DEXs often face lower trading volumes and liquidity compared to CEXs, resulting in higher price slippage and longer transaction processing times. 2. Increased complexity: DEXs may require users to possess a higher degree of technical expertise compared to CEXs, potentially discouraging novice or casual traders. 3. Security concerns: DEXs are not immune to cyberattacks or technical glitches, posing risks to the platform’s integrity and the functionality of underlying smart contracts. 4. Regulatory uncertainty: Operating within a legal gray area, DEXs often lack clear definitions or regulations in most jurisdictions, raising questions about their compliance. The birth of RDEXs Is it possible to marry the strengths of centralized exchanges and decentralized exchanges? Can we envision a decentralized exchange that adheres to regulatory standards? The answer is affirmative. Enter the regulated decentralized exchange (RDEX). An RDEX allows users to engage in direct crypto asset trading while adhering to relevant laws and regulations in its jurisdiction of operation. It preserves the fundamental tenets of decentralization — transparency, immutability and censorship resistance — while bolstering them with legitimacy, accountability and security. Story continues So, how does an RDEX function? It achieves this delicate balance by incorporating a regulatory framework into its protocol design, employing smart contracts to enforce user and transaction rules and standards. For instance, it may mandate user registration with real identities and source of funds verification before permitting trading. It may also impose limits on trade amounts or frequencies and report transactions to authorities for tax and compliance purposes. Some of them will adopt a hybrid approach, blending on-chain and off-chain components. By leveraging off-chain service providers for KYC/AML checks and liquidity pools, they maintain decentralization and security through cryptographic proofs, ensuring the honesty and integrity of these services. Value of RDEXs Why are RDEXs so vital in the crypto space? It presents a pragmatic solution to one of the crypto industry’s foremost challenges: regulation. As governments and regulators worldwide grow increasingly concerned about the economic and societal implications of crypto activities, regulation becomes inevitable. While constructive regulation can offer clarity, security and recognition, excessive restrictions can stifle innovation and growth. RDEXs can serve as a bridge between the crypto industry and regulators. They demonstrate that crypto activities can be conducted in a responsible, compliant and transparent manner, preserving decentralization’s core values. By fostering trust among users, investors and authorities, RDEXs mitigate the risks of fraud, manipulation and abuse. Moreover, RDEXs empower the future of decentralized trading by granting access to a broader array of crypto assets and services. These include the trading of security tokens, which represent real-world assets like stocks, bonds, real estate or art. While security tokens promise to revolutionize the financial industry, their strict regulations demand compliant platforms, which RDEXs can provide. Central bank digital currencies (CBDCs) are another facet of the crypto landscape that RDEXs can facilitate. CBDCs, digital versions of fiat currencies issued by central banks, promise faster, cheaper and more secure transactions but pose unique challenges for the crypto industry. It can integrate CBDCs with other crypto assets and services, ensuring privacy, interoperability and competition. RDEXs in action RDEXs are not just theoretical concepts; they are tangible realities. Projects like eToroX, backed by eToro and licensed by the Gibraltar Financial Services Commission, is an example of the RDEX in action — enabling users to trade crypto assets, including security tokens and stablecoins pegged to fiat currencies while adhering to regulatory frameworks. Injective Protocol, supported by Binance, another major player in the crypto space, offers a layer-2 DEX built on Ethereum. It facilitates the trading of crypto assets, including derivatives, futures, options and synthetics, and collaborates with central banks on CBDC integration. Projects like Bitverse, supported by Bybit and the Mantle Network, are pioneering a credit rating system. This system allows users to leverage their crypto assets and reputation to access a range of financial services and products in the Web3 space. Regulators could explore such platforms to verify user creditworthiness, both on and off-chain. (I do not have any ties to any of the projects or companies mentioned in this piece.) On the horizon In summary, RDEXs represent a new breed of decentralized exchanges that adhere to regulation. They bridge the gap between the crypto industry and regulators, providing platforms that cater to both sides’ needs. It unlocks access to a broader spectrum of crypto assets and services, empowering the future of decentralized trading. However, RDEXs are not the final destination of crypto’s evolution. Numerous challenges and questions remain, including those related to interoperability, scalability, security and the ever-growing complexity of crypto assets and services. Furthermore, the crypto industry continues to dream beyond RDEXs. Web 4.0 , the hypothetical next chapter of the internet , hints at an even more immersive, intuitive and intelligent way of interacting with information and value in the most decentralization manner governed by artificial intelligence may be the way forward. While Web4 remains speculative, it underscores the crypto industry’s relentless pursuit of innovation, openness, fairness and decentralization. This concept also works well with RDEXs, where no single person is running the exchange, it is run by codes and AI. The crypto industry’s evolution is far from over, with more innovative solutions and revolutionary ideas on the horizon, all aimed at shaping a more decentralized future. View comments... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["SAN FRANCISCO, Oct. 29, 2023 (GLOBE NEWSWIRE) --OKX, a leading Web3 technology company, has issued updates for the day of October 29, 2023.\nOKX Wallet is one of the first multi-chain wallets to integrate Bitcoin testnet\nOKX Walletis one of the first multi-chain wallets to integrate Bitcoin testnet, an alternative blockchain for experimentation and testing. Testnet bitcoins are clearly distinct from real bitcoins and are not intended to have any value.\nThis network enables application developers, or those working on Bitcoin enhancements, to experiment without having to use real bitcoins and without worrying about consensus.\nOKX Wallet is a universal crypto wallet available on multiple platforms and interfaces, including app, web and web extension. It enables users access to 3,000+ cryptocurrencies, 60+ networks, thousands of DApps and a one-stop decentralized NFT Marketplace.\nFor more information, please visit theSupport Center.\nFor further information, please contact:\[email protected]\nAbout OKX\nA leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:\n• OKX Wallet: The world's most powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds. The wallet includesMPC technologywhich allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-poweredSmart Accountenables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.\n• DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.\n• NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.\n• Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.\nOKX partners with a number of the world's top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.\nAs a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled,The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.\nTo learn more about OKX, download our app or visit:okx.com\nDisclaimer\nThe information displayed is strictly for educational and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service atwww.okx.com.", "SAN FRANCISCO, Oct. 29, 2023 (GLOBE NEWSWIRE) --OKX, a leading Web3 technology company, has issued updates for the day of October 29, 2023.\nOKX Wallet is one of the first multi-chain wallets to integrate Bitcoin testnet\nOKX Walletis one of the first multi-chain wallets to integrate Bitcoin testnet, an alternative blockchain for experimentation and testing. Testnet bitcoins are clearly distinct from real bitcoins and are not intended to have any value.\nThis network enables application developers, or those working on Bitcoin enhancements, to experiment without having to use real bitcoins and without worrying about consensus.\nOKX Wallet is a universal crypto wallet available on multiple platforms and interfaces, including app, web and web extension. It enables users access to 3,000+ cryptocurrencies, 60+ networks, thousands of DApps and a one-stop decentralized NFT Marketplace.\nFor more information, please visit theSupport Center.\nFor further information, please contact:\[email protected]\nAbout OKX\nA leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:\n• OKX Wallet: The world's most powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds. The wallet includesMPC technologywhich allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-poweredSmart Accountenables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.\n• DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.\n• NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.\n• Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.\nOKX partners with a number of the world's top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.\nAs a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled,The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.\nTo learn more about OKX, download our app or visit:okx.com\nDisclaimer\nThe information displayed is strictly for educational and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service atwww.okx.com.", "OKX SAN FRANCISCO, Oct. 29, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for the day of October 29, 2023. OKX Wallet is one of the first multi-chain wallets to integrate Bitcoin testnet OKX Wallet is one of the first multi-chain wallets to integrate Bitcoin testnet, an alternative blockchain for experimentation and testing. Testnet bitcoins are clearly distinct from real bitcoins and are not intended to have any value. This network enables application developers, or those working on Bitcoin enhancements, to experiment without having to use real bitcoins and without worrying about consensus. OKX Wallet is a universal crypto wallet available on multiple platforms and interfaces, including app, web and web extension. It enables users access to 3,000+ cryptocurrencies, 60+ networks, thousands of DApps and a one-stop decentralized NFT Marketplace. For more information, please visit the Support Center . For further information, please contact: [email protected] About OKX A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including: OKX Wallet : The world's most powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction. DEX : A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported. NFT Marketplace : A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur. Web3 DeFi : A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains. Story continues OKX partners with a number of the world's top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo. As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite , which advocates for a new paradigm led by Web3 self-managed technology. To learn more about OKX, download our app or visit: okx.com Disclaimer The information displayed is strictly for educational and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com .", "WisdomTree, Inc. (NYSE: WT ) Q3 2023 Earnings Call Transcript October 27, 2023 WisdomTree, Inc. misses on earnings expectations. Reported EPS is $0.0733 EPS, expectations were $0.1. Operator: Greetings and welcome to WisdomTree Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, th Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-29 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $668,983,415,394 - Hash Rate: 415637677.0177486 - Transaction Count: 410290.0 - Unique Addresses: 672955.0 Social & AI Sentiment: - Fear & Greed Index: 0.72 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin rallied early on Monday, reaching its highest level since mid-July as speculation persists over the approval of aspot Bitcoin ETFin the U.S. The top cryptocurrency reached a high of $30,928 before retreating, and was trading around $30,600, still up 2.2%, as of publication. The coin now makes up 49.6% of the overall crypto market, according toCoinGecko. Over the past seven days, Bitcoin has increased 9.8%—its biggest weekly gain since June—which increases the likelihood of a 10% average jump over the coming month based on historical data,according to Bloomberg. The rally comes as traders begin banking on the possibility that the Securities and Exchange Commission willapprove a spot Bitcoin ETF by the end of the year.Although the agency has yet to approve such a product in the U.S., TradFi heavy hitters likeBlackRock and Fidelityhave filed applications to create one. In August, the SEC faced a setback in trying to fend off the Bitcoin-based financial product, which gives investors actual exposure to the coin’s price movements. An appeals court ruled that the agency’s denial of crypto asset manager Grayscale’s Bitcoin ETF application was“arbitrary and capricious.”Earlier this month, the regulator dropped its intention to appeal the ruling, according to multiple reports. The introduction of a spot Bitcoin ETF in theU.S. is likely to precipitate an influx of capitalin the crypto markets, and could push Bitcoin’s price to new heights. Already, a rumor—which proved to be false—that BlackRock’s spot Bitcoin ETF application had been approved pushed the cryptocurrency up thousands of dollars. Analysts atJPMorganpredict that a spot Bitcoin ETF could be approved by Jan. 10. But as traders wait for the Bitcoin investment product to be approved, some have already been throwing cash into existing institutional investment products, with $55.3 million being invested last week in products related to Bitcoin, according toa report by CoinShares. Some Bitcoin believers’ bets have already paid off. Michael Saylor’s MicroStrategy’s Bitcoin holdings, which thanks to a recent purchase stood at an average purchase price of $29,582, havebrought in about $160 milliondue to the recent price surge. This story was originally featured onFortune.com... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["Gemini Sues Genesis Over Ownership of $1.6B in Grayscale Bitcoin Trust Shares Gemini, a cryptocurrency exchange based in New York, has filed a lawsuit against digital asset lender Genesis over the ownership of $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares. The case, filed in the United States Bankruptcy Court for the Southern District of New York, seeks to reclaim control of the shares in order to reimburse Gemini's Earn clients. Genesis was a lending partner for Gemini's Earn product, however following the collapse of FTX and accompanying industry chaos, Genesis banned withdrawals, leaving Earn consumers without access to their assets. Gemini attempts to recoup the funds needed to pay its clients' claims and says that Genesis is impeding the process. GBTC gained 205.73% so far this year , outperforming Bitcoin (BTC) ’s 106% year-to-date gain. This is largely due to the closing of the discount in net asset value (NAV), spurred on by investors’ optimism of an imminent spot Bitcoin ETF approval . Genesis is part of Digital Currency Group (DCG), which also controls the Grayscale Bitcoin Trust. Genesis declared bankruptcy earlier in January, and has stopped operating last month. Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form .", "Gemini, a cryptocurrency exchange based in New York, hasfileda lawsuit against digital asset lender Genesis over the ownership of $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares.\nThe case, filed in the United States Bankruptcy Court for the Southern District of New York, seeks to reclaim control of the shares in order to reimburse Gemini's Earn clients.\nGenesis was a lending partner for Gemini's Earn product, however following the collapse of FTX and accompanying industry chaos, Genesis banned withdrawals, leaving Earn consumers without access to their assets. Gemini attempts to recoup the funds needed to pay its clients' claims and says that Genesis is impeding the process.\nGBTCgained 205.73% so far this year, outperformingBitcoin (BTC)’s 106% year-to-date gain. This is largely due to the closing of the discount in net asset value (NAV), spurred on by investors’ optimism of animminent spot Bitcoin ETF approval.\nGenesis is part of Digital Currency Group (DCG), which also controls the Grayscale Bitcoin Trust. Genesis declared bankruptcy earlier in January, and has stopped operating last month.\nLet us know what you loved about this article, what could be improved, or share any other feedback byfilling out this short form.", "Gemini, a cryptocurrency exchange based in New York, hasfileda lawsuit against digital asset lender Genesis over the ownership of $1.6 billion in Grayscale Bitcoin Trust (GBTC) shares.\nThe case, filed in the United States Bankruptcy Court for the Southern District of New York, seeks to reclaim control of the shares in order to reimburse Gemini's Earn clients.\nGenesis was a lending partner for Gemini's Earn product, however following the collapse of FTX and accompanying industry chaos, Genesis banned withdrawals, leaving Earn consumers without access to their assets. Gemini attempts to recoup the funds needed to pay its clients' claims and says that Genesis is impeding the process.\nGBTCgained 205.73% so far this year, outperformingBitcoin (BTC)’s 106% year-to-date gain. This is largely due to the closing of the discount in net asset value (NAV), spurred on by investors’ optimism of animminent spot Bitcoin ETF approval.\nGenesis is part of Digital Currency Group (DCG), which also controls the Grayscale Bitcoin Trust. Genesis declared bankruptcy earlier in January, and has stopped operating last month.\nLet us know what you loved about this article, what could be improved, or share any other feedback byfilling out this short form.", "Accordingto data from Brazil's revenue service agency, the stablecoinTether (USDT)has seen a considerable increase in adoption, accounting for 80% of all cryptocurrency transactions in the country.\nIn Brazil this year, USDT transactions totaled $271 billion Brazilian reais ($55 billion), substantially doubling the amount of Bitcoin transactions, which totaled $151 billion reais ($30 billion).\nStablecoins, such as USDT, are intended to have a stable value and are pegged to fiat currencies such as the US dollar and the Brazilian real. USDT has been gaining popularity in Brazil since 2021, and it surpassed Bitcoin's volume for the first time in July 2022.\nBrazil is stepping up its crypto efforts, with the Brazilian tax agency tracking crypto-related activity and investments held by Brazilian citizens abroad, while theBrazilian securities regulator plans to launch a second regulatory sandboxfor tokenization use cases next year.\nLet us know what you loved about this article, what could be improved, or share any other feedback byfilling out this short form.", "Gm,\nWhat’s that? You sold the fake ETF news?\nOhanon, do you ever learn?\nKeep reading if you want to learn how to avoid gettingbearholedin the upcoming bull run…\nPrices are up. Bears are being led to the slaughterhouse. You don’t want to be one of them. As your trusted Crypto Twitter aggregation service, we’ll make sure you don’t. Andrew Kang wrote up a great piece about “How to avoid getting BEAR HOLED and not miss epic rallies”\nTLDR:\nRallies in the crypto market do not necessarily require new money entering the space, as short term demand can drive momentum. There is significant demand for cryptocurrencies from various institutions and individuals all over the world, which some traders may underestimate, and can impact flows into the market.\nComputer coins gud coins.\nRead also:The Case for a 2024 Bull Run\nThe upcoming bull rodeo is probably not your first one. But any seasoned cowboy has to pay his dues first. Here aremistakes you want to avoid in the upcoming bull run:\nNo TLDR for this one – make sure you read and internalize every single one of those!\nRead also:7 Common Mistakes to Avoid in Trading as a Beginner\nBut what if your funds are too tight? The best way to make money in crypto is to already have some and multiply it. Luckily, this is crypto, where you can start from literally zero. Cue thelist of existing projects that could do an airdrop:\nTLDR: Chains such as LayerZero, ZKSync and Solana have a few very interesting projects that could do an airdrop. Invest your time if you don’t have money.\nRead also:How To Participate in Friend.Tech Airdrop?\nSomething to learn for the not-so-experienced crypto participants: be careful with projects that have a lot of VC funding. Not all VC coins are bad, but distinguishing the good from the bad takes practice and experience. Ignas from DeFi Research wrote an interesting thread titled “What do crypto VCs know that you don't?”\nTLDR: There is mistrust towards VCs for buying early and dumping on retail, and fair launches without VCs may be a better option. Conducting research and asking the right questions is important for retail investors, and collaborating with VCs may be beneficial for projects with experienced founders.\nRead also:What Are Cryptocurrency Hedge Funds?\nA few words of caution at the end. The next run may really be different than all the other ones before because the big boys with big pockets are coming. Macro big brain Lyn Alden wrote a grat thread about theimportance of learning about Bitcoinbefore those big boys show up:\nTLDR: Bitcoin is gaining more attention and understanding from institutions. Study it from a global perspective.\nRead also:Can Bitcoin Become Money?\nIt’s easy to get carried away now. But remember, this run is just getting started:\nAccording to Pentoshi, bottom is in and there is stablecoin data to back this statement up:\nHow bullish is the incoming ETF really though? Well, is it even incoming? Some grown-up from TradFi let us know that ticker symbols being listed on websites does not actually mean jack…you know:\nOoff, sounds like we have to look elsewhere fordramathen. How is SBF doing by the way?\nDepends on who you ask. He’s certainly doing better than his lawyers at this point, you’d think. Especially after his testimony last week that had plenty of WTF moments:\nAnd if that’s not enough, we can always look up ZachXBT’s account for the latest crypto exploit uncovered. Here’s one that targeted SIM swaps worth a cool $4.5M:\nConsidering the bullish price action, it was a rather quiet week though. Bitcoiners even dug up the old topic of “Is Hal Finney Satoshi” to keep themselves entertained (spoiler: he is not):\nRead:Is Hal Finney Satoshi Nakamoto?\nOne other big development was regulators trying to come after crypto on drummed-up accusations of terror financing. The Bitcoin community pushed back against this with an open letter from Preston Pysh:\nIs there something Vitalik wants to tell us?\nBig week coming up! See you on the other side of it…", "Last Week on Crypto Twitter: They Sold? Pump It Gm, What’s that? You sold the fake ETF news? Oh anon , do you ever learn? Keep reading if you want to learn how to avoid getting bearholed in the upcoming bull run… Whose Threads Are A Must-Read? Prices are up. Bears are being led to the slaughterhouse. You don’t want to be one of them. As your trusted Crypto Twitter aggregation service, we’ll make sure you don’t. Andrew Kang wrote up a great piece about “ How to avoid getting BEAR HOLED and not miss epic rallies ” TLDR: Rallies in the crypto market do not necessarily require new money entering the space, as short term demand can drive momentum. There is significant demand for cryptocurrencies from various institutions and individuals all over the world, which some traders may underestimate, and can impact flows into the market. Computer coins gud coins. Read also: The Case for a 2024 Bull Run The upcoming bull rodeo is probably not your first one. But any seasoned cowboy has to pay his dues first. Here are mistakes you want to avoid in t Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-30 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $670,220,273,494 - Hash Rate: 482540025.495944 - Transaction Count: 463202.0 - Unique Addresses: 779588.0 Social & AI Sentiment: - Fear & Greed Index: 0.68 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: The bitcoin (BTC) mining industry is at a crucible moment, as the approval of a spot BTC exchange-traded-fund (ETF) could catalyze a rally against a backdrop of record hashrates and the impending block reward halving that threaten the industry's revenues and profitability, JPMorgan (JPM) said in a research report Wednesday. The bank favors mining operators that offer the best relative value in light of their “existing hashrate, operational efficiency, power contracts, funded growth plans and liquidity,” analysts Reginald Smith and Charles Pearce wrote. Read more: Bitcoin Halving Is Coming and Only the Most Efficient Miners Will Survive JPMorgan initiates coverage of CleanSpark (CLSK) with an overweight rating and a price target of $5.50; Marathon Digital (MARA) at underweight with a $5 target; Riot Platforms (RIOT) at underweight with a $6.50 target, and Cipher Mining (CIFR) at neutral. The bank also upgraded Iris Energy (IREN) to overweight from neutral. The U.S. Securities and Exchange Commission (SEC) has delayed its decision on whether or not to approve a spot bitcoin ETF until this month. The crypto market is hopeful that any approval will trigger a flood of mainstream money into the sector. CleanSpark is the bank’s top pick, offering the best balance of “scale, growth potential, power costs and relative value.” The analysts said that Marathon is the largest mining operator but has the highest energy costs and lowest margins. Meanwhile, Riot has relatively low power costs and liquidity but is the most expensive stock in their coverage universe. Among the peers, Cipher Mining has the lowest power costs but is “growth constrained,” the report noted. The bank estimates the four-year block reward opportunity at around $20 billion at current bitcoin prices. However, the looming block reward halving, expected in the second quarter of 2024, could impact profitability. It estimates that as much as 20% of the network hashrate is at risk from halving as less efficient mining computers are decommissioned. Read more: Listed Bitcoin Miners Could be the Ultimate Bet for 2024: Matrixport... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["• The Dow jumped more than 500 points on Monday as Middle Eastern conflict fears abated.\n• Brent crude, the international benchmark, fell as much as 4% in intraday trade.\n• Investors are also awaiting the Fed meeting this week, Apple earnings, and the monthly jobs report.\nUS stocks jumped on Monday while oil prices sank as investor anxiety over a broader Middle East conflict eased.\nIsrael's ground assault of the Gaza Strip appeared more gradual than expected, sending Brent crude down as much as 4% in intraday trading.\nThe rally in US indices also comes ahead of an important week, which includes the Federal Reserve's policy meeting, the Treasury Department's quarterly refunding statement on bond auctions, Apple earnings, and the monthly jobs report.\nHere's where US indexes stood at the 4:00 p.m. closing bell on Monday:\n• S&P 500: 4,166.82, up 1.2%\n• Dow Jones Industrial Average: 32,928.96, up 1.58% (511.37 points)\n• Nasdaq Composite: 12,789.48, up 1.16%\nHere's what else happened today:\n• The US economy isfacing a triple threatfrom debt, interest rates, and protectionism, a research firm said.\n• Nearly all the excess money saved during COVID is depleted,this chart shows.\n• Crude pricescould soar 76% from current levelsif the Israel-Hamas war becomes a regional conflict, the World Bank says.\n• Uranium stocks are getting a booston bets of a nuclear-powered future.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil fell 3.6% to $82.42 a barrel.Brent crude, the international benchmark, dropped 2.9% to $87.84 a barrel.\n• Goldrose 0.4% to $2,006 per ounce.\n• The 10-year Treasury gained nearly 4 basis points, moving up to 4.884%.\n• Bitcoinslipped 0.99% to $34,433.\nRead the original article onBusiness Insider", "Israel soldiers inspect burnt cars at the site of the Hamas terrorist attacks on the Nova music festival in southern Israel. Amir Cohen/Reuters The Dow jumped more than 500 points on Monday as Middle Eastern conflict fears abated. Brent crude, the international benchmark, fell as much as 4% in intraday trade. Investors are also awaiting the Fed meeting this week, Apple earnings, and the monthly jobs report. US stocks jumped on Monday while oil prices sank as investor anxiety over a broader Middle East conflict eased. Israel's ground assault of the Gaza Strip appeared more gradual than expected, sending Brent crude down as much as 4% in intraday trading. The rally in US indices also comes ahead of an important week, which includes the Federal Reserve's policy meeting, the Treasury Department's quarterly refunding statement on bond auctions, Apple earnings, and the monthly jobs report. Here's where US indexes stood at the 4:00 p.m. closing bell on Monday: S&P 500 : 4,166.82, up 1.2% Dow Jones Industrial Average : 32,928.96, up 1.58% (511.37 points) Nasdaq Composite : 12,789.48, up 1.16% Here's what else happened today: The US economy is facing a triple threat from debt, interest rates, and protectionism, a research firm said. Nearly all the excess money saved during COVID is depleted, this chart shows. Crude prices could soar 76% from current levels if the Israel-Hamas war becomes a regional conflict, the World Bank says. Uranium stocks are getting a boost on bets of a nuclear-powered future. In commodities, bonds, and crypto: West Texas Intermediate crude oil fell 3.6% to $82.42 a barrel. Brent crude , the international benchmark, dropped 2.9% to $87.84 a barrel. Gold rose 0.4% to $2,006 per ounce. The 10-year Treasury gained nearly 4 basis points, moving up to 4.884%. Bitcoin slipped 0.99% to $34,433. Read the original article on Business Insider", 'Bitcoin. Getty Images Vanguard CEO Tim Buckley told CNBC that the firm will not be pursuing a bitcoin ETF. Rival asset managers such as BlackRock and Fidelity are waiting to get their applications approved. Excitement over a possible spot bitcoin ETF fueled the largest weekly inflow into digital assets since July 2022. Not all of Wall Street is planning on pursuing a spot bitcoin ETF, even as optimism rises on the regulatory pathway to create one. While asset management rivals such as BlackRock and Fidelity have applications pending, Vanguard CEO Tim Buckley told CNBC on Friday that his firm has no plans to follow suit. "We won\'t be pursuing a bitcoin ETF. It\'s just like we don\'t use gold as an asset class for our clients," he said. "It\'s not that people can\'t invest in there. We just look at asset classes or, you know, what belongs in a long-term portfolio, what has intrinsic value, has cash flows to it? And those are the asset classes we steer people towards. And so we don\'t go towards bitcoin or gold or any other of those stable assets." A spokesman later told Insider that Vanguard views the investment case for cryptocurrencies as weak. "Unlike stocks and bonds, most cryptocurrencies lack intrinsic economic value and generate no cash flows, such as interest payments or dividends," he said. "Further, cryptocurrencies have proven to be highly volatile, which runs counter to Vanguard\'s goal to generate positive real returns to investors over time." Currently, BlackRock\'s spot bitcoin ETF application remains under review by the Securities and Exchange Commission. While the regulator allows bitcoin futures ETFs, it has been largely critical of the cryptocurrency sphere, and has previously denied such applications . But in August, Grayscale Investments won its court case against the SEC, which had earlier rejected an application to turn its over-the-counter traded bitcoin trust into an ETF. Story continues The court decision raised hopes that the regulatory obstacles would be cleared, allowing for approval of a spot bitcoin ETF soon. Meanwhile, enthusiasm for a potential spot bitcoin ETF continues to grow on Wall Street. Earlier this month, crypto-bull Mike Novogratz told CNBC that it would make zero sense for an ETF to be blocked. Markets are also demonstrating a readiness, and inflows into digital asset funds have jumped to their highest weekly level since July 2022. According to the latest Coin Shares report, digital asset investment inflows hit $326 million for the week, with bitcoin making up 90%. Read the original article on Business Insider', '(Adds graphic credit) By Suzanne McGee Oct 31 (Reuters) - Bitcoin, the original crypto rebel, is racing into the heart of the financial establishment with an exchange-traded fund that tracks its price. But will it strike gold? The world\'s biggest cryptocurrency has leapt 28% in October, with investors betting U.S. regulators will give the green light for a spot bitcoin ETF and thereby unleash a new wave of demand. How much cash could such a fund reel in, though? Well, it\'s hard to say, judging by the wide assortment of estimates from market players, ranging from $3 billion on its first day to $55 billion over five years. "The analogy that I\'m looking at is to gold," said Dave Mazza, chief strategy officer at ETF provider Roundhill Investments, adding that the gold market had been transformed by the approval of spot ETFs. He said he expected the first spot bitcoin ETFs on the scene to see a "wave of buying," echoing the launch of the first ever gold ETF in 2006 in the U.S. or the bitcoin futures ETF in 2021. Mainstream investment giants such as BlackRock and Fidelity, as well as crypto-focused firms like Grayscale, have filed applications for spot bitcoin ETFs. The U.S. Securities and Exchange Commission will be considering eight to 10 filings for new spot bitcoin products, its chair said on Thursday, without giving details of timing of decisions. Ranged against the ETF optimists are those traditional investors long wary of crypto who say they won\'t be won over by new investment vehicles. "Not a penny of my clients\' money will find its way into these misbegotten so-called investments," said George Gagliardi, an investment advisor with Coromandel Wealth Management in Lexington, Massachusetts, who believes cryptocurrencies "have no underlying intrinsic value." The prospect of an ETF that offers investors direct exposure to bitcoin has nonetheless buoyed the price of the cryptocurrency, which hit $35,198 last week, its highest level since May 2022. Story continues The metrics investors and analysts use to come up with estimates for demand for an ETF, from the size of the gold ETF market to demand for existing products, vary almost as much as their conclusions. Bitcoin markets are also opaque, with price moves driven mostly by investor sentiment. U.S. crypto firm NYDIG estimates demand for a spot bitcoin ETF at around $30 billion. Their calculation compares the sizes of the gold and bitcoin ETFs - $210 billion versus $28.8 billion, respectively - and adjusts them for their relative volatility. "It\'s rare to see a brand-new asset class arrive on the ETF market," said Todd Sohn, ETF strategist at Strategas Securities. "That makes it tough to figure out exactly how much demand is going to materialize." Existing bitcoin ETFs, tied to the price of futures, don\'t track price movements precisely, and the cost of rolling over futures contracts can eat into returns, leading many investors to see them as a less desirable vehicle. Steven McClurg, investment chief at Valkyrie Funds, which has applied for a spot bitcoin ETF, believes one starting point in gauging demand is the size of the Grayscale Bitcoin Trust (GBTC), an open-ended private trust that owns bitcoin directly. "If you look at the current market capitalization of GBTC - $3.2 billion – that\'s probably day-one demand" for a spot bitcoin product, he said. HALF OF FUNDS \'GONE IN TWO YEARS\' Some advocates say that financial advisers, pension funds and other money managers - a pool of capital estimated to total around $46.5 trillion by Boston Consulting Group - could be a significant source of demand for a spot bitcoin ETF. "If BlackRock reaches the market then some percentage of the wire houses and financial advisers will a Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-10-31 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $674,230,741,094 - Hash Rate: 481286782.8761844 - Transaction Count: 433751.0 - Unique Addresses: 782062.0 Social & AI Sentiment: - Fear & Greed Index: 0.66 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: On Sep 21, the cryptocurrency market suffered a setback courtesy of the Fed. In its September FOMC meeting, the Fed kept the benchmark lending rate unchanged at the existing 5.25-5.5%, as stated on Sep 20. However, the post-FOMC statement of Fed Chairman Jerome Powell dampened market participants’ sentiments. Although the Fed paused its rate hike in the September FOMC meeting, the current dot-plot has shown a strong likelihood of one more hike of 25 basis points in 2023. That will take the terminal interest rate of this hiking cycle to 5.6%, well above the 5.1% forecast in June. Notably, the current range of the Fed fund rate is the highest level since March 2001. More importantly, the central bank said it would keep interest rates higher for a longer time period. The new projection has shown two maximum rate cuts in 2024 instead of four projected in June. The first cut in interest rate is not expected before September 2024. As a result, the yield on the short-term 2-Year U.S. Treasury Note reached 5.202%, its highest level since 2006. This link is closely linked to the possibility of a near-term economic downturn. The yield on the benchmark 10-Year U.S. Treasury Note touched 4.494%, its highest level since 2007. A higher market interest rate is detrimental to high-growth sectors like technology, consumer discretionary and cryptocurrency. Notably, the crypto space suffered a huge blow last year as the Fed pursued a rigorous interest rate hike regime. Consequently, on Sep 21, prices of major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE) and BNB (BNB) slid 1.7%, 1.9%, 1.9%, 2.3% and 1.6%, respectively. Robinhood Markets Inc.HOOD operates a financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds, options, gold, and cryptocurrencies. HOOD buys and sells Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies using its Robinhood Crypto platform. Robinhood Markets has an expected earnings growth rate of 57.3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 18% over the last 60 days. HOOD currently carries a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Coinbase Global Inc.COIN provides financial infrastructure and technology for the crypto economy in the United States and internationally. COIN offers the primary financial account in the crypto space for consumers, a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment. Coinbase Global has an expected earnings growth rate of 84.8% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 30% over the last 60 days. COIN currently carries a Zacks Rank #3 (Hold). Block Inc.SQ is an online digital and mobile payment platform for consumers and merchants and is the parent company of Square and Cash App. The users of Cash App can buy, sell, send and receive Bitcoin. In addition, SQ’s decentralized tbd platform allows developers to build decentralized finance applications to run on programmable blockchains. SQ is also one of the largest Bitcoin investors. Block has an expected earnings growth rate of 69% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the last 30 days. SQ currently has a Zacks Rank #3. Visa Inc.V is taking a significant step toward modernizing cross-border money movement. In a move aimed at enhancing the efficiency of global transactions, V is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain. This expansion of V includes collaboration with prominent merchant acquirers Worldpay and Nuvei, marking a pivotal development in the world of digital payments. Visa has an expected earnings growth rate of 15.3% for the current year (ending September 2024). The Zacks Consensus Estimate for current-year earnings has improved 0.8% over the last 60 days. V currently carries a Zacks Rank #3. PayPal Holdings Inc.PYPL operates digital wallets and allows users to buy, transfer and sell cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin. PYPL’s users can check out and pay using crypto to online merchants. Its mobile wallet Venmo also allows users to buy and sell cryptocurrency. PYPL has become the first major U.S. fintech company to offer its own crypto token with a dollar-pegged stablecoin known as PayPal USD. PayPal Holdings has an expected earnings growth rate of 19.9% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 90 days. PYPL currently carries a Zacks Rank #3. The chart below shows the price performance of five above-mentioned stocks in the past three months. Image Source: Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report Visa Inc. (V) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. Today's Key News: ["• US stocks edged higher on Tuesday as investors prepare for the Federal Reserve's next interest rate decision.\n• Fed Chairman Jerome Powell is expected to make no changes during Wednesday's FOMC meeting.\n• Stocks ended October lower, representing the first three-month losing streak since early 2020.\nUS stocks edged higher on Tuesday but ended the month of October lower, representing the third consecutive monthly loss.\nThe last time the S&P 500 and Dow Jones Industrial Average suffered a three-month slump was in March 2020, during the onset of the COVID-19 pandemic.\nInvestors were also awaiting the Federal Reserve's rate decision Wednesday afternoon and Chairman Jerome Powell's press conference.\nThe market expects the Fed to keep rates unchanged and sees no more hikes this cycle with at least two rate cuts by the end of next year.\nInvestors continue to digest a wave of third-quarter earnings. More than half of the S&P 500 has reported, and about 78% of those companies beat profit estimates by a median of 6%, while 62% beat revenue estimates by a median of 2%, according to data from Fundstrat.\nHere's where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500:4,193.80, up 0.65%\n• Dow Jones Industrial Average:33,052.87, up 0.38% (123.91 points)\n• Nasdaq Composite:12,851.24, up 0.48%\nHere's what else is going on today:\n• Stanley Druckenmiller said Treasury Secretary Janet Yellen made the worst mistakein the US Treasury's history by not issuing long-term debt when interest rates were so low.\n• Housing affordability has plunged to the lowest level since 1985as prospective homebuyers grapple with high mortgage rates and low housing inventory.\n• Bitcoin is set to rocket to $150,000by the middle of 2025 as the world's largest cryptocurrency begins a new cycle, Bernstein said.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil fell 1.32% to $81.22 a barrel.Brent crude, the international benchmark, dropped 1.23% to $85.29 a barrel.\n• Golddeclined 0.58% to $1,994.00 per ounce.\n• The 10-year Treasury yield was flat at 4.89%.\n• Bitcoinrose 0.01% to $34,496.\nRead the original article onBusiness Insider", "Lucas Jackson/Reuters US stocks edged higher on Tuesday as investors prepare for the Federal Reserve's next interest rate decision. Fed Chairman Jerome Powell is expected to make no changes during Wednesday's FOMC meeting. Stocks ended October lower, representing the first three-month losing streak since early 2020. US stocks edged higher on Tuesday but ended the month of October lower, representing the third consecutive monthly loss. The last time the S&P 500 and Dow Jones Industrial Average suffered a three-month slump was in March 2020, during the onset of the COVID-19 pandemic. Investors were also awaiting the Federal Reserve's rate decision Wednesday afternoon and Chairman Jerome Powell's press conference. The market expects the Fed to keep rates unchanged and sees no more hikes this cycle with at least two rate cuts by the end of next year. Investors continue to digest a wave of third-quarter earnings. More than half of the S&P 500 has reported, and about 78% of those companies beat profit estimates by a median of 6%, while 62% beat revenue estimates by a median of 2%, according to data from Fundstrat. Here's where US indexes stood at the 4:00 p.m. closing bell on Tuesday: S&P 500 : 4,193.80, up 0.65% Dow Jones Industrial Average : 33,052.87, up 0.38% (123.91 points) Nasdaq Composite : 12,851.24, up 0.48% Here's what else is going on today: Stanley Druckenmiller said Treasury Secretary Janet Yellen made the worst mistake in the US Treasury's history by not issuing long-term debt when interest rates were so low. Housing affordability has plunged to the lowest level since 1985 as prospective homebuyers grapple with high mortgage rates and low housing inventory. Bitcoin is set to rocket to $150,000 by the middle of 2025 as the world's largest cryptocurrency begins a new cycle, Bernstein said. In commodities, bonds, and crypto: West Texas Intermediate crude oil fell 1.32% to $81.22 a barrel. Brent crude , the international benchmark, dropped 1.23% to $85.29 a barrel. Gold declined 0.58% to $1,994.00 per ounce. The 10-year Treasury yield was flat at 4.89%. Bitcoin rose 0.01% to $34,496. Read the original article on Business Insider", "The US Securities and Exchange Commission (SEC) Chair, Gary Gensler, commemorated the Bitcoin whitepaper's 15th anniversary by asking if the cryptocurrency's elusive creator, Satoshi Nakamoto, would be identifiable in a Halloween costume.\nOn October 31, 2008, Satoshi Nakamoto released the Bitcoin whitepaper, titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’.\nIn a Twitter post, Gensler reminded crypto companies to adhere to securities laws, saying: “Any crypto companies that are tricking investors should start treating them to compliance with the securities laws.”\nUnder Gensler's leadership, the SEC has taken a strong stance against the digital asset industry, suing major crypto players such as Binance, Coinbase and Kraken.\nThe main source of concern for Gensler is the purported sale of unregistered securities by crypto firms. Critics, including industry leaders and lawmakers, have accused Gensler of creating regulatory ambiguity and hindering innovation. This comes as theSEC is reviewing numerous spot Bitcoin ETFs, as the crypto industry is closely monitoring this event.\nLet us know what you loved about this article, what could be improved, or share any other feedback byfilling out this short form.", "Gary Gensler Asks Crypto Firms To Stop “Tricking” Investors on Halloween The US Securities and Exchange Commission (SEC) Chair, Gary Gensler, commemorated the Bitcoin whitepaper's 15th anniversary by asking if the cryptocurrency's elusive creator, Satoshi Nakamoto, would be identifiable in a Halloween costume. On October 31, 2008, Satoshi Nakamoto released the Bitcoin whitepaper, titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’. In a Twitter post, Gensler reminded crypto companies to adhere to securities laws, saying: “Any crypto companies that are tricking investors should start treating them to compliance with the securities laws.” Under Gensler's leadership, the SEC has taken a strong stance against the digital asset industry, suing major crypto players such as Binance, Coinbase and Kraken. The main source of concern for Gensler is the purported sale of unregistered securities by crypto firms. Critics, including industry leaders and lawmakers, have accused Gensler of creating regulatory ambiguity and hindering innovation. This comes as the SEC is reviewing numerous spot Bitcoin ETFs , as the crypto industry is closely monitoring this event. Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form .", "After a downbeat September, October, too, remained depressed for Wall Street. The S&P 500 recorded its first three-month losing streak last month since March 2020. High oil and gas prices, still-high inflation, and the Fed’s policy tightening spree, along with the resultant rise in bond yields, kept the market subdued. The S&P 500 fell 2.2% in October.\nThe U.S. benchmark treasury yield started the month at 4.69%, reached a high of 4.98% on Oct 19 and stood at 4.88% on Oct 31. Apart from higher rates, there was heightened geopolitical crisis due to the occurrence of war between Israel and the Gaza-based militant group Hamas. This has sent oil prices higher.\nAgainst this backdrop, let’s take a look at the key happenings in the ETF world in October.\nIsrael declared war against Gaza after Gaza militants' surprise attack on Israel in early October. The move impacted a few asset classes as safe-havens like gold gained. Gold bullion ETFSPDR Gold TrustGLD jumped about 9% in the past month (as of Oct 30, 2023) despite higher U.S. interest rates.Shares of defense companies surged amid the conflict between Israel and Gaza.iShares U.S. Aerospace & Defense ETFITA added 2.8% in the past month (as of Oct 30, 2023) (read: Defense ETFs Spike on Middle East Tensions).\nThe United States witnessed substantial economic growth in the third quarter of 2023, with the real gross domestic product (GDP) rising at an annual rate of 4.9%, beating economists’ expectations of 4.7%. Consumer spending was one of the main contributors to U.S. GDP growth. The GDP increase marked the\xa0largest gain since the fourth quarter of 2021.\nConsumer spending, as measured by personal consumption expenditures, improved 4% in the quarter after rising just 0.8% in Q2, and was responsible for 2.7 percentage points of the total GDP increase.Consumer Discretionary Select Sector SPDR ETFXLY, Zacks ETF Rank #1 (Strong Buy), should thus be closely watched (read: Consumer Spending Boosts U.S. Q3 GDP: ETFs to Buy).\nThanks to the upbeat economic data points like jobs report, retail sales data, manufacturing data and third-quarter GDP data, U.S. treasury bond yields surged in October. Since inflation remains sticky, such upbeat economic data will help the Fed to keep rates higher for longer.iShares 20+ Year Treasury Bond ETFTLT lost about 4.5% in the past month due to higher yields.\nThe earnings season is underway. For Q3 of 2023 as a whole, the S&P 500 earnings growth expectation is currently 1.2% from the same period last year on 1.2% higher revenues. This would follow the 7.1% decline on 1.1% higher revenues in Q2, per the Earnings Trends. Please note that earnings growth has turned positive for the first time after staying in negative territory for three back-to-back quarters.\nIn a significant development in the ongoing American automotive industry labor dispute,General MotorsGM has reportedly reached a tentative agreement with United Auto Workers (“UAW”). This marks a significant step toward ending a contentious labor issue that has plagued the industry for over six weeks.\nWhile specific det Last 60 Days of Bitcoin's Closing Prices: [] Use the additional daily data provided in the input below for crucial context.	Daily Context for Date: 2023-11-01 Financial & Commodity Data: - Gold Closing Price: N/A - Crude Oil Closing Price: N/A Bitcoin Market & On-Chain Metrics: - Market Capitalization: $675,767,694,044 - Hash Rate: 462656326.7648482 - Transaction Count: 463644.0 - Unique Addresses: 796206.0 Social & AI Sentiment: - Fear & Greed Index: 0.66 Other Textual Data: - Daily Tweets (Sample): N/A - Contextual Past News Article: Singapore's new president is Tharman Shanmugaratnam, previously the country's finance minister and central bank chairman. While the role is largely ceremonial, Shanmugaratnam's financial experience may give him some influence over relevant policy. The 66-year-old has called crypto "purely speculative" and "slightly crazy." Tharman Shanmugaratnam, the former Singapore finance minister and central bank chairman who has called crypto "purely speculative" and "slightly crazy," was elected the country's president Saturday with 70.4% of the vote, replacing Halimah Yacob, its first female head of state. While the role is largely ceremonial, the 66-year-old's experience might mean he has some influence in shaping policy related to the future of finance, including cryptocurrencies, central bank digital currencies (CBDCs) and more. Singapore has gone from being an early adopter of crypto to a jurisdiction trying to find the right regulatory balance after the collapse of homegrown crypto darlings Terraform Labs and Three Arrows Capital while Shanmugaratnam was chairman of Singapore's central bank, the Monetary Authority of Singapore (MAS). That was a role he held between 2011 and 2023, overlapping his time as finance minister between 2007 and 2015. He began his career as an economist at the MAS in 1982 after a receiving a Bachelor of Science in Economics from the London School of Economics, a Master of Philosophy in Economics from the University of Cambridge and a Master in Public Administration from Harvard Universitys Kennedy School of Government. He was also short-listed for the top job at the International Monetary Fund (IMF). Shanmugaratnam spent 22 years as a member of parliament, holding several governmental roles including deputy prime minister, Shanmugaratnam's early stance on cryptocurrencies was laissez faire. In 2018, when he wrote cryptocurrency and related trading activity did not pose any threat to Singapore's finance system, and there was no need to prohibit it. Story continues He reiterated that stance in 2023, saying at the World Economic Forum , that crypto is "inherently purely speculative and in fact slightly crazy." While it should remain an unregulated market, he suggested authorities should provide "ultra clarity" on the risks associated with crypto because to "start getting into a game of regulating products, ostrich eggs or crypto or anything else" would be a "never-ending game." Still, for banks and stablecoins the situation is somewhat different. In November 2022, Shanmugaratnam wrote a response to a question in parliament saying that Singapore's banks are required to hold $125 of capital against an exposure of $100 to cryptocurrencies like bitcoin ( BTC ) or ether ( ETH ). "Although the jurisdiction's banks have 'insignificant' levels of exposure to crypto contributing less than 0.05% of total risk weighted assets these types of crypto assets are subject to the toughest risk management requirements set by international standard-setters," he wrote. He added that the prudential treatment for less risky crypto assets, such as tokenized corporate bonds, is similar to the traditional non-tokenized asset. In 2021, Shanmugaratnam said "there may be a role for crypto in future finance that extends beyond pure speculation and illicit finance" and that he envisioned a future in which "regulated stablecoins will have a useful role in a traditional payment system." In August 2022, Shanmugaratnam said the MAS was "actively reviewing" its approach to regulating stablecoins and could potentially bring reserve requirements for stablecoin issuers, referencing the collapse of terraUSD (UST) a stablecoin that lost its U.S. dollar peg the previous May. Last month, the MAS released a regulatory framework for stablecoins . Read More: Singapore: The Center of Asian Crypto Wealth Is Ready for a Reset... - Reddit Posts (Sample): [['u/Cyrozen', 'Sold BTC hold BCH', 28, '2023-11-01 01:07', 'https://www.reddit.com/r/btc/comments/17kzcv0/sold_btc_hold_bch/', 'Hey all,\n\nNeeded car repairs etc. I’m longing BCH no looking back. Who’s with me?', 'https://www.reddit.com/r/btc/comments/17kzcv0/sold_btc_hold_bch/', '17kzcv0', [['u/Alex-Crypto', 14, '2023-11-01 04:17', 'https://www.reddit.com/r/btc/comments/17kzcv0/sold_btc_hold_bch/k7bkgq2/', 'Nice! Welcome to the club :3', '17kzcv0']]], ['u/Legitimate-Walk-2006', 'Us Marshal Scam', 52, '2023-11-01 01:16', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/', 'I got scammed out of 5,000 dollars recently, and I’m sharing as many details as possible as a cautionary tale.\n\nI received a phone call from someone claiming to be from US customs. I looked up her name and it matched an actual officer, so I continued with the call. The woman said that there were illegal transactions made in my name, with smuggling to Mexico and Colombia. \nNormally, I feel like I wouldn’t fall for such a scam because I’m pretty aware of what they sound like. But I had just returned to college after a very tense and sad family emergency, and was feeling frazzled and stressed. This only raised my adrenaline even more. I also answer calls labeled potential spam or with no caller ID because the last time I didn’t, it ended up being the actual police who were calling about a relative having a serious medical emergency. The guilt of not answering quickly still sticks with me.\n\nAnyways, the woman redirected me to the Marshal for my state. I looked at the website, and the phone number + caller ID matched. The person on the other end then said that I could either go to court and risk 9 years in prison and a 10k fine or do an ADR to resolve the charged under my name. When I agreed to the ADR, he said that I had three hours to do so. He said that I was not allowed to hang up or contact third parties because of legal reasons, which is why I didn’t let my parents know what was happening. If I accidentally hung up, he’d call again. I told the scammers how much money was in my saving and checkings account, and I was instructed to go to the bank and withdraw almost all of it and come up with an excuse. I did so, and then was instructed to go to a specific BitCoin ATM and was provided an address over the phone. So, I slotted my money over and went to another one when the machine didn’t work. I gave my address over the phone and was told that investigators would come to my house tomorrow to help transfer the money back and give me a temporary SSN. \n\nIt was all money given by relatives for my high school graduation, as well as money I earned through multiple jobs and a fellowship as a college student. All gone in a flash. I called my bank and there’s not much I can do to get it back. Thankfully, I have some uncashed checks from work/family that will recover about half of it, there was still $500 that wasn’t deposited, and I’m very thankful to have family members loaning out to me. I’ve also reported to my local bank, police station, and FBI office. However, I feel incredibly embarrassed and stupid to fall for such a scam - I spent three hours driving around to seedy gas stations and even missed a class. if I was in a better headspace maybe I could’ve avoided it. During the call I was too scared to look up information or tell anyone. It was like someone was holding me at gunpoint over the phone. All I can do is share this so that it doesn’t happen again.', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/', '17kziw5', [['u/HaoieZ', 32, '2023-11-01 01:30', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7aywyk/', 'Sorry this happened to you. \n\n\n\nThis is a fairly common scam we see, the whole fake package filled with drugs or whatever.', '17kziw5'], ['u/duckbrioche', 18, '2023-11-01 01:40', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7b0bev/', 'You mentioned that in the past you had once missed a call from the police about an actual emergency. Did those police leave a voicemail ?', '17kziw5'], ['u/erishun', 11, '2023-11-01 03:02', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7bb9wx/', 'This is a very common scam. I’m sorry this happened to you.', '17kziw5'], ['u/GpaSags', 91, '2023-11-01 04:24', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7bl890/', "I got that call myself once. I've never even been to Texas.\n\nAnd Jesustittyfuckingchrist the Feds \\never\\ require payment through crypto.", '17kziw5'], ['u/townandthecity', 12, '2023-11-01 05:43', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7btdyk/', 'I think it’s very cool, that you have shared this story here. So many people who are victims of scams are so embarrassed they don’t tell anyone, not relatives, not law-enforcement. That allows the scammers to bilk people of more money. Sharing your story is a good public service.', '17kziw5'], ['u/LOUDCO-HD', 19, '2023-11-01 06:53', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7bz76r/', 'It always amazes me that in this day and age people are still falling for scams.\n\nThen I read a story like yours and I understand why.', '17kziw5'], ['u/FedsRWatchin', 27, '2023-11-01 07:45', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7c2y4l/', 'Instead of looking up agents names which can essily be spoofed. Just to see i google "us marshal bitcoin" and this is the first thing to pop up \n\n"Things to remember:\xa0The\xa0U.S. Marshals Service\xa0WILL NEVER ask for credit/debit card/gift card numbers, wire transfers, or bank routing numbers, or to make bitcoin deposits for any purpose. NEVER divulge personal or financial information to unknown callers. Report scam phone calls to your local FBI office and to the FTC"', '17kziw5'], ['u/Mission_Brilliant302', 18, '2023-11-01 10:19', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7cde8g/', 'Anyone with a bit of critical thinking skills would know that you cannot make criminal charges go away with paying a fee in crypto or gift cards. And yet, people believe it.', '17kziw5'], ['u/SunnyShim', 17, '2023-11-01 11:33', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7ciz7z/', 'The ultimate red flag to you should’ve been them requesting money through not only Bitcoin but by buying it off a Bitcoin ATM. No government official would ask for it since Bitcoin isn’t even considered currency I believe by the government. The government can’t legally pay you in Bitcoin so why would you legally be allowed to pay the government with it?', '17kziw5'], ['u/LadyBug_0570', 11, '2023-11-01 14:13', 'https://www.reddit.com/r/Scams/comments/17kziw5/us_marshal_scam/k7czza1/', 'That along with "don\'t hang up the phone" and telling him to lie to his bank when he withdrew his money.', '17kziw5']]], ['u/Reasonable_Zone4606', 'All in on BTC?', 34, '2023-11-01 01:28', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/', 'I want to know how many people on this sub actually put all investments into BTC. For peace of mind I keep investing different % to stocks and real estate to keep myself diversified. At the same time I feel terrible just settling for 8% avg s and p 500 returns. It actually eats at me that I am not putting all of my spare cash every month into BTC. My belief in BTC trumps my beliefs in the US stock market for sure. Anyone else have the same thoughts?', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/', '17kzsdc', [['u/YellowRobeSmith', 15, '2023-11-01 02:10', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7b4hu5/', 'Can’t tell if this is your advice or if you’re repeating obsolete advice without understanding.', '17kzsdc'], ['u/richardto4321', 98, '2023-11-01 02:26', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7b6l75/', "I asked myself this question in 2013 and wish I didn't listen to anyone saying to diversify. So there's that.", '17kzsdc'], ['u/satoshyy', 31, '2023-11-01 02:32', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7b7bv6/', 'I’m all in and have a good job. I’ll never invest in stocks anymore', '17kzsdc'], ['u/obsidience', 88, '2023-11-01 02:52', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7b9uvj/', 'I like to diversify across multiple receive addresses.', '17kzsdc'], ['u/Romsel87', 13, '2023-11-01 03:10', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7bc8yw/', 'Bitcoin is my only basket. I did not put all money in, i just accumulated like a mofo last 3 years.', '17kzsdc'], ['u/pips_and_hoes', 16, '2023-11-01 03:30', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7bet6d/', 'If there was a time to go all in it would be now. Next halving probably won’t be as big', '17kzsdc'], ['u/Bitbuyer313', 25, '2023-11-01 03:42', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7bgaxk/', 'This guy gets it 😎', '17kzsdc'], ['u/Nado155', 12, '2023-11-01 04:11', 'https://www.reddit.com/r/Bitcoin/comments/17kzsdc/all_in_on_btc/k7bjsz4/', 'I saw a similar discussion about the same topic in a different subreddit and of course people flipped out and said 10x times "pls bro diversify". I really would like to met the people who says to diversify and how they navigate through life. Because honnestly, i have the impression those investment "advices" are more driven depending on how risk averse in life in generell.\n\nMy boss for example, he HATES taking risk, I think in his whole life he never took any risk. Everything he does is pretty safe and the outcomes are clear. And of course this transfers to his investment advices. If I could make a promise to my boss that BTC will be in the next 10 years with a probability of 90% worth 1Million/BTC and 10% it stays flat he wouldn invest in it. \n\nThe point is, those advices (yeah of course they are... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.