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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:** ['• US stocks ended higher Friday, with the S&P 500 jumping past the key milestone of 5,000.\n• Revised CPI data released Friday showed inflation cooled in December more than initially reported.\n• "We think this is a pretty strong sign that we\'re still in a bull market," a strategist said.\nUS stocks were up on Friday with the S&P 500 ending the day past the key psychological mark of 5,000.\nThe benchmark index punched through 5,000 first on Thursday, closing the day just shy at 4,997. Afterrevised consumer price index datareleased Friday that showed inflation cooled more than initially reported in December, theindexpushed to new highs, climbing as high as 5,029 during the trading day.\nStocks capped off the week with the fifth straight weekly gain.\n"What does 5000 mean? On the surface, not a whole lot, we know that. But psychologically is really what matters," Ryan Detrick, chief market strategist from the Carson Group, said on Bloomberg TV on Friday.\nUsually, in the six months after psychological levels are breached, the S&P 500 has never dipped lower, Detrick said. If anything, it provides a fresh catalyst for stocks to continue rallying\n"We think this is a pretty strong sign that we\'re still in a bull market, we\'ve said that for a while, and get on the ride," he said. "It\'s a fun ride."\nHere\'s where US indexes stood at the closing bell at 4:00 p.m. on Friday:\n• S&P 500:5,026.61, up 0.57%\n• Dow Jones Industrial Average:38,671.69, down 0.14%\n• Nasdaq Composite:15,990.66, up 1.25%\nHere\'s what else is going on:\n• Nvidia is now worthas much as the whole Chinese stock market.\n• The commercial real estate crisis willprompt the Fed\'s first rate cutin May, top economist says.\n• VladimirPutin takes aim at the US dollar\'s dominant positionas the world\'s reserve currency.\n• China turmoil poses a risk to the Magnificent 7, Jeremy Grantham\'s GMO says.\n• Wharton professor Jeremy Siegel says thestock market still has 8% upside— and highlights where investors should put their money to capitalize.\n• Bitcoin\'s sudden rebound keeps the$100,000 threshold in reach by year-end, Standard Chartered says\nIn commodities, bonds, and crypto:\n• Oil prices rose, withWest Texas Intermediatecrude up 0.38% to $76.51 a barrel.Brent crude, the international benchmark, was also up by 0.34% to $81.91 a barrel.\n• Goldslipped 0.38% to $2,040.10 per ounce.\n• The10-year Treasury yieldticked slightly higher to 4.177%.\n• Bitcoinclimbed 4.75% to $47,680.75.\nRead the original article onBusiness Insider', 'During the meme coin mania of 2020-21,Shiba Inu(CRYPTO: SHIB)captured the imagination of crypto investors by offering a potential path to millionaire status. And indeed, there are some crypto investors who did become incredibly wealthy by investing in the meme coin. But Shiba Inu is now down 90% since 2021, and a number of efforts to boost the token\'s price over the past two years have not worked out as planned.\nWhile things admittedly don\'t look promising right now, there are still several possible scenarios forShiba Inuto become a millionaire-maker crypto. I\'m not saying these scenarios are likely, only that they represent possible paths to success. Let\'s take a closer look, and then you can be the judge of just how probable they are.\nThe first scenario involves Shiba Inu\'s coin supply, which remains ridiculously large at 589 trillion coins. To put that number into perspective, the total lifetime supply ofBitcoin(CRYPTO: BTC)is capped at just 21 million coins. From my perspective, the only way to boost Shiba Inu\'s price is by bringing the coin supply down to under 1 trillion coins.\nThe way to do that is viacoin burning, which is simply the act of transferring a coin to a "dead" (i.e., non-functioning) crypto wallet. When you burn a coin, you remove it from the overall circulating coin supply, and that (theoretically) should help to boost the price of the cryptocurrency. With that in mind, Shiba Inu has launched a number of high-profile coin-burning campaigns.\nBut here\'s the thing -- even if Shiba Inu burns 1 trillion coins per year, it would still take 589 years to get the coin supply under 1 trillion! While there are some scenarios out there for how Shiba Inu could burn close to 10 trillion coins per month, there are enormous questions about just how sustainable that pace really is. Even if you did burn 10 trillion coins per month, it would still take five years to bring the coin supply down under 1 trillion.\nThe second scenario involves boosting demand for Shiba Inu tokens. And the way you do that is by boosting the overall utility of the Shiba Inu blockchain. Theoretically, the more ways you can use the Shiba Inu blockchain, the more demand there should be for Shiba Inu tokens.\nThe centerpiece of this strategy was the August 2023 launch of Shibarium, a Layer 2 scaling solution designed to improve the overall speed, efficiency, and throughput of the Shiba Inu blockchain. In many ways, Shibarium is similar to the popular Layer 2 blockchains now running on top of theEthereum(CRYPTO: ETH)blockchain.\nThe question, though, is just how much new demand Shibarium will create for the Shiba Inu token. The launch of Shibarium was supposed to usher in a brave new world of blockchain gaming, decentralized finance (DeFi), and Web3 applications. Some even speculated that Shibarium might be used by large enterprises for their blockchain projects. While the number of transactions taking place on Shibarium seems to be surging in 2024, I\'m taking a wait-and-see approach on this for now.\nFinally, there\'s the most unlikely scenario of them all: Shiba Inu becoming the currency for AI. Ever since the launch of ChatGPT, there has been growing debate over the possible intersection of AI and crypto. In one potential use case, autonomous AI agents would pay for data and computing resources with cryptocurrency. You can think of these autonomous agents as AI-powered bots that you trust with real money to carry out tasks throughout the day.\nRight now, most people think Bitcoin will become the currency of AI. In fact, late last year, Ark Invest dedicated an entire 90-minute podcast to Bitcoin becoming the currency of AI. And, in January of this year,Palantir Technologies(NYSE: PLTR)co-founder Joe Lonsdale told CNBC that the three best candidates to become the currency of AI were Bitcoin, Ethereum, andSolana(CRYPTO: SOL).\nBut what if Shiba Inu becomes the currency of AI? As Elon Musk famously remarked, sometimes the most entertaining outcome is the most likely outcome. And what would be more entertaining than the iconic Shiba Inu dog becoming the mascot of AI? If dog-loving AI bots ever started to use Shiba Inu to pay for data and computing power, the price of the token might skyrocket.\nCertainly, the math behind becoming a Shiba Inu millionaire is alluring. Right now, for example, Shiba Inu trades for the super-low price of $0.000009. Thus, for just $10, you can buy over 1 million Shiba Inu tokens. If the token price goes to $1, you\'re a millionaire.\nBut as we\'ve seen with the scenarios above, the likelihood of Shiba Inu skyrocketing in value from $0.000009 to $1 is highly improbable, if not impossible. Remember -- the all-time-high for Shiba Inu is just $0.00009, which is a little too close to zero for my liking. As a result, Shiba Inu is probably nothing more than a lottery ticket these days and should not be part of a long-term, buy-and-hold portfolio.\nShould you invest $1,000 in Shiba Inu right now?\nBefore you buy stock in Shiba Inu, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Shiba Inu wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has\xa0more than tripled\xa0the return of S&P 500 since 2002*.\nSee the 10 stocks\n*Stock Advisor returns as of February 5, 2024\nDominic Basultohas positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Palantir Technologies, and Solana. The Motley Fool has adisclosure policy.\nIs Shiba Inu Still a Millionaire-Maker Crypto?was originally published by The Motley Fool', "When it comes to innovative and disruptive enterprises,Coinbase Global(NASDAQ: COIN)likely comes to mind. The top digital-asset brokerage and exchange operator is at the forefront of trying to bring cryptocurrencies to the masses.\nBut shares haven't been too kind to investors in recent years. If you invested $1,000 in Coinbase in April 2021, the time when it had itsinitial public offering(IPO), your position would be worth just $470 today (as of Feb. 5). That translates to a 53% decline, a disappointment when compared to the 15% rise of theNasdaq Composite Indexduring the same time (including dividends).\nLet's look back at thistop crypto stock's short history as a publicly traded company. Then we can figure out if investors should consider buying shares right now.\nIt was either extreme luck or a stroke of genius, but Coinbase couldn't have entered the public markets at a better time. Stocks and cryptocurrencies were in a bull market run during the post-pandemic boom, lifting shares 43% from $250 at the IPO to their all-time high in November 2021. Even though the stock is up an incredible 231% since the start of 2023, it remains 67% below that previous peak.\nThe stock's volatility mirrors the unpredictable nature of the underlying business. In 2021, Coinbase generated 93% of its revenue from transaction fees, which are derived from providing crypto trading services to both individuals and institutions. When asset prices are rising, as was the case about three years ago, the company's financials reflect this.\nCo **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: 2024-02-10 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $929,572,300,500 - Hash Rate: 570491417.639278 - Transaction Count: 399252.0 - Unique Addresses: 637411.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.74 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: MerckMRK announced that the European Commission (EC) approved its blockbuster drug Keytruda for two new indications in gastrointestinal cancers. The EC approved Keytruda, combined with fluoropyrimidine- and platinum-containing chemotherapy, for first-line treatment of adult patients with locally advanced unresectable or metastatic HER2-negative gastric or gastroesophageal junction (GEJ) adenocarcinoma. The EC also approved Keytruda, combined with gemcitabine and cisplatin, for the first-line treatment of adult patients with locally advanced unresectable or metastatic biliary tract carcinoma (BTC). These approvals were expected as the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) issued a positive opinion recommending Keytruda’s approval in the indications in the past two months. The EC and CHMP decisions on the GEJ and BTC indications are based on data from the phase III KEYNOTE-859 and KEYNOTE-966 studies, respectively. Data from respective studies show that patients treated with the Keytruda combination demonstrated a statistically significant improvement in overall survival compared with patients who only received chemotherapy. Following these approvals, a combination therapy involving Keytruda will be available to patients with HER2-negative and HER2-positive advanced gastric or GEJ adenocarcinoma. The approvals mark the sixth and seventh indications for Keytruda in gastrointestinal cancers in the European Union. Overall, Keytruda is approved for 26 indications in the region. Last month, Merck announced that the FDA approved Keytruda in the indications mentioned above. Merck’s shares have lost 4.4% year to date against the industry’s 3.9% growth. Image Source: Zacks Investment Research An anti-PD-1 therapy, Keytruda is Merck’s blockbuster oncology drug approved for several types of cancer, contributing around 46% to total revenues in the first nine months of 2023. Merck continue to boost Keytruda across new indications and markets globally. Sales of the drug are gaining from continued strong momentum in metastatic indications and rapid uptake across recent earlier-stage launches. Merck is evaluating Keytruda across many indications that are progressing well. Keytruda is being studied for more than 30 types of cancer indications in more than 1600 studies, including combination studies. If approved, label expansions for new cancer indications can further boost sales. Merck & Co., Inc. price | Merck & Co., Inc. Quote Merck currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the overall healthcare sector includeGalapagosGLPG,Novo NordiskNVO andOcuphire PharmaOCUP. While Galapagos and Ocuphire Pharma sport a Zacks Rank #1 (Strong Buy) at present, Novo Nordisk carries a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here. In the past 60 days, Galapagos’ estimates for 2023 have improved from a loss of $1.96 per share to 79 cents. During the same period, loss estimates per share for 2024 have narrowed from $3.22 to $1.68. Galapagos’ shares have lost 11.5% in the year-to-date period. Galapagos’ earnings beat estimates in three of the last four quarters while missing the estimates on one occasion. On average, the company witnessed an average surprise of 91.97%. In the last reported quarter, Galapagos’ earnings beat estimates by 140.78%. In the past 60 days, Ocuphire’s estimates for 2023 have improved from a loss of 60 cents per share to 42 cents. During the same period, loss estimates per share for 2024 have narrowed from 85 cents to 57 cents. Ocuphire’s shares have lost 26.1% in the year-to-date period. Ocuphire’s earnings beat estimates in three of the last four quarters while missing the estimates on one occasion. On average, the company witnessed an earnings surprise of 59.28%. In the last reported quarter, Ocuphire’s earnings beat estimates by 178.13%. In the past 60 days, estimates for Novo Nordisk’s 2023 earnings per share have increased from $2.51 to $2.61. During the same period, the earnings estimates for 2024 have risen from $2.95 to $3.10. Shares of NVO have surged 46.3% in the year-to-date period. Novo Nordisk’s earnings beat estimates in two of the last four quarters while meeting the mark on one occasion and missing the estimates on another. On average, the company witnessed an average surprise of 0.58%. In the last reported quarter, Novo Nordisk’s earnings beat estimates by 5.80%. 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 Novo Nordisk A/S (NVO) : Free Stock Analysis Report Merck & Co., Inc. (MRK) : Free Stock Analysis Report Galapagos NV (GLPG) : Free Stock Analysis Report Ocuphire Pharma, Inc. (OCUP) : 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:** ["The past couple of years have been extremely difficult for the crypto ecosystem. Scandals, collapses, losses and lawsuits marred the industry, resulting in a loss of confidence in the space — and a loss of funds for many. While 2023, fared better, the trial of former FTX chief executive Sam Bankman-Fried — found guilty of all seven criminal counts against him in November — coupled with many assets still struggling to regain ground, made for a somewhat lukewarm environment.\nWhile the industry is still reeling from these developments, 2024 seems off to a good start, notably with the recent and long-awaited Securities and Exchange Commission (SEC) approval of SpotBitcoinexchange traded funds (ETFs), which many see as a legitimization of the space and the Holy Grail ofcrypto.\nSee:8 Best Cryptocurrencies To Invest In for 2024Here Are:6 Genius Things All Wealthy People Do With Their Money\nYet, for people working in crypto — and its broader ecosystem — however, the ride has proven rocky, although there are some glimpses of hope, with some experts arguing that “it can only go up from here.”\nTo put this in context, in December, crypto job postings on LinkedIn declined a whopping 57% year-over-year, yet, it’s less than the 71% year-over-year drop in November, according to Bloomberg.\nSponsored:Owe the IRS $10K or more? Schedule a FREE consultation to see if you qualify for tax relief.\nPhillip Shoemaker, executive director ofIdentity.com, a non-profit organization providing decentralized identity verification, said that while he knew this was going to be a long downturn and took a conservative approach, “getting cash in the bank and such,” he still didn’t expect this bear market to be as long as it has been.\n“Obviously, SBF did a big disservice to us by inviting in the regulators and then really angering them, because he stabbed them in the back by being a fraudster,” said Shoemaker. “There’s been a lot of unhappiness in the space post-FTX, and regulators have been bringing heat. But regulation does need to happen. I’m more concerned about good crypto companies just being down in this environment, but is the time to stay in your lane, to work and, well, to keep building. The bull market will return — it’s a matter of when, not if.”\nFor some participants, working in crypto post-FTX, is working in a landscape that has “dramatically shifted.”\nFor instance, Tayler McCracken, editor-in-chief,Coin Bureau, said that the aftermath of the FTX collapse, the SBF trial, and other high-profile setbacks have significantly altered the industry’s atmosphere.\n“The once buoyant interest has waned, as reflected in the reduced engagement with our content and a noticeable decline in job inquiries. Conversations have shifted from eager curiosity about joining the crypto world to cautious inquiries about its viability,” said McCracken.\nYet, he also noted that despite these challenges, their commitment to the crypto industry remains unwavering.\n“Those of us who continue to navigate these turbulent waters do so out of a firm belief in the potential of crypto to foster a more inclusive, transparent and equitable financial system. We are confident that the industry will emerge stronger, learning from these experiences,” he added.\nNot all is doom and gloom however, and several experts see crypto’s turmoil as an industry undergoing necessary growing pains, which in turn, are triggering some much-needed regulations.\nMike Martin, head of content atTastycrypto, called these changes necessary.\n“We can draw parallels with the early days of the internet — remember the dot-com bubble? Just like then, we’re experiencing periods of intense volatility and vulnerability, which are essential for our growth and resilience, just as it was for the internet back in 2000,” said Martin.\nIn turn, this could set the stage for a more resilient space — and the newly approved Bitcoin ETFs are also helping boost confidence in the space, as it has sparked renewed interest.\n“However, there is at least two-three years of a learning curve for both investment advisors and retail investors before crypto truly becomes a recommended allocation into a portfolio model,” said Andy LaPointe, author, advisor and founder ofCryptoWisdom.com. “This means those working in the industry still have an uphill battle.”\nYet, as Martin further argued, long-term participants in the crypto world, like himself, view these fluctuations through a lens that’s focused on the future, adding that the ebbs and flows of this business, though unsettling, don’t sway them because they know this technology is simply too efficient to not only have a future but be the future.\n“So, what are we as an industry doing in response to these challenges?” he queried. “We’re doing what Chicago did after the great fire of 1871 and what the United States did after the Crash of 1929: we’re rebuilding. We’re strengthening our foundations and our ecosystem to make them more robust than ever. 2023 was a Darwinian ‘survival of the fittest’ moment in crypto, and those of us still around are more resilient than ever.”\nMore From GOBankingRates\n• I'm a Frugal Shopper: 7 Things I Never Waste Money On\n• I'm a Costco Superfan: These Are the 5 Highest-Quality Kirkland Food Items\n• The Reason Your Credit Card Interest Rate is Holding You Back Financially\n• 6 Ways to Tell If You're Financially Smarter Than the Average American\nThis article originally appeared onGOBankingRates.com:How Miserable Is It To Work In Crypto Right Now and Is the Money Still Worth It?", 'At the start of 2024, a price target of $100,000 forBitcoin(CRYPTO: BTC)looked like a no-brainer.Bitcoinhad just rallied more than 150% to a price of $45,000. Wall Street had finally embraced Bitcoin as an asset class, and the imminent arrival of newspot Bitcoin ETFspromised to unlock a torrent of new investor money into Bitcoin.\nThe problem, however, is that the whole Bitcoin ETF investment thesis hasn\'t panned out as expected. In fact, Bitcoin is actually down nearly 10% since the spot Bitcoin ETFs started trading on Jan. 11. But don\'t worry -- the Bitcoin ETF investment thesis continues to evolve, and Bitcoin has one more major catalyst coming this year. Combined, could they be the rocket fuel needed to send Bitcoin skyrocketing?\nThe frustrating part about the original Bitcoin ETF investment thesis is that the price of Bitcoin didn\'t immediately surge in January. While the new Bitcoin ETFs appear to be an early success, all the new buying by Wall Street investors hasn\'t pushed up the price of Bitcoin. If anything, it looks like investors just moved money around from one Bitcoin investment product to another Bitcoin investment product, with little or no real change to their overall Bitcoin exposure.\nSo, as you might expect, we\'re already seeing an evolution of this original thesis. At the end of January, Ark Invest released its new "Big Ideas 2024" report. In it, the investment firm included a super-bullish update to how much Bitcoin it thought investors should optimally allocate to their portfolios. Instead of its previous guideline of 6.2%, it now suggested a much higher optimal Bitcoin allocation of 19.4%.\nThat\'s a radical change, and it also leads to some radical price targets for Bitcoin. According to Ark Invest, if you use the 19.4% assumption, and apply it to the world\'s total investable asset base of $250 trillion, then you can arrive at a $2.3 million price target for Bitcoin. In essence, this would be a world in which every investor has gone wild for Bitcoin. Imagine not just huge Wall Street institutional investors, but also huge sovereign wealth funds, moving one-fifth of their assets into Bitcoin.\nObviously, just how high Bitcoin can go this year depends a lot on how much of their portfolios investors are willing to allocate to crypto. If you assume that 1% remains the general rule of thumb for most investors, then getting to $100,000 might be harder to reach than originally anticipated. But if you\'re willing to turn the dials and move that allocation percentage up to 5%, 10%, or even 20%, then Bitcoin could go absolutely stratospheric.\nBut the Bitcoin ETF story might not be the biggest story of the year for Bitcoin. The much-anticipated Bitcoin halving is coming in April, and it could unlock a tremendous amount of value for the cryptocurrency. There have been three previous Bitcoin halvings (in 2012, 2016, and 2020), and each one has led to spectacular rallies. The 2020 halving, for example, led to Bitcoin eventually reaching its all-time high of almost $69,000.\nSo will we see another all-time high for Bitcoin? Obviously, past performance is no guarantee of future performance, so it\'s risky to assume that Bitcoin is going to skyrocket again this time around. Moreover, keep in mind that it can take anywhere from 12 to 18 months for all the halving gains to take place. That means that we may not see the true extent of the Bitcoin halving rally until sometime in 2025.\nBut, as in the case of the Bitcoin ETF investment thesis, the Bitcoin halving thesis seems to make a lot of sense. In a halving, the mining reward paid out to Bitcoin miners for adding a new block to the Bitcoin blockchain falls by one-half. This has two important consequences. First, it boosts the relative scarcity of Bitcoin. Second, it makes Bitcoin more deflationary over time. Both of these results should make Bitcoin more attractive to investors over the long haul.\nMy primary concern is that, as Bitcoin goes increasingly mainstream, it will start to behave differently than it has in the past. For example, take Bitcoin\'s famous (some might say infamous) volatility. With so many institutional investors deciding to buy Bitcoin for their portfolios, and many of them adopting a buy-and-hold strategy, it\'s not out of the question that Bitcoin will become less volatile over time.\nThis reduction in volatility is fantastic if you want a nice, safe investment tha **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: 2024-02-11 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $937,046,072,462 - Hash Rate: 514192922.4775072 - Transaction Count: 329938.0 - Unique Addresses: 558692.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.71 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Adds comment in paragraphs 6-7, 15-16; updates with closing market prices at 4:04 p.m. ET) * European shares suffer worst day in nearly eight weeks * Wall Street falls, shrugs off Fed's sunny inflation message * Dollar gains on doubts about size of rate cuts this year * Crude rises as shut Libya oilfield sparks supply concerns By Herbert Lash NEW YORK, Jan 3 (Reuters) - The dollar rebounded further from last year's sell-off and global stock markets extended a New Year slide on Wednesday as doubts about the chances of a soft landing mounted even as the Federal Reserve almost declared victory in taming inflation. Policymakers appeared increasingly convinced last month that inflation was coming under control, but they expressed growing concern about "overly restrictive" monetary policy, minutes from the Fed's Dec. 12-13 meeting show. Richmond Fed President Thomas Barkin echoed similar optimism earlier in the day, saying a soft landing is "increasingly conceivable" as the Fed makes "real progress" toward subduing inflation without inflicting major damage on the jobs market. But the minutes and Barkin's remarks failed to shake off a dour mood in equity markets, with the major Wall Street indexes selling off after the leading German, French, Italian and Spanish stock indexes earlier closed down more than 1%. The yield on benchmark 10-year Treasury notes briefly climbed above 4% as market optimism about deep interest rate cuts and their impact on the economy ebbed. The recent dramatic easing in monetary policy is likely to result in a "no landing," or continued above-trend growth that will limit how much the Fed can cut rates, said Phillip Colmar, global strategist at MRB Partners in New York. "Fed rate cuts are not required, even if Powell & Co. are determined to provide them," Colmar said in an email, adding that monetary and financial conditions have not been restrictive. "All major asset classes, including equities, suggest that monetary conditions are plentiful." Story continues MSCI's gauge of stocks across the globe shed 0.94%, while the pan-European STOXX 600 index closed down 0.86%. On Wall Street, the Dow Jones Industrial Average fell 0.76%, the S&P 500 lost 0.80% and the Nasdaq Composite dropped 1.18%. The market is trying to figure out if a soft landing is possible with the six rate cuts by year-end the futures market has priced in or whether that scenario will be painful, said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan. "Usually when you get that type of aggressive interest rate cuts, it comes with more economic pain," he said. "Our view is that the market has probably priced in too many rate cuts for this year." Fed officials in December predicted 75 basis points (bps) of rate cuts this year, driving money-market bets for around double that amount amid market optimism that spurred a year-end rally in stocks and bonds. Resilience in the U.S. labor market has kept a recession at bay. The government is expected to report on Friday that nonfarm payrolls increased by 168,000 jobs in December, according to a Reuters survey of economists, after rising 199,000 in November. But labor market conditions are gradually easing. U.S. job openings dropped by 62,000 to 8.79 million for the third straight month in November, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS report. "Today's JOLTS data is another signal that the Fed is delivering a soft landing," said Ron Temple, chief market strategist at Lazard, in an email. But the report also suggests that the Fed is unlikely to cut rates as aggressively in 2024 as the market expects given the risk of reigniting inflationary pressures, he said. Yields on government debt retreated after earlier edging higher. The yield on the 10-year Treasury note fell 3.3 basis points at 3.911%. Germany's 10-year Bund yield was down 1.7 basis points at 2.000%. The dollar has gained more than 1% against major currencies this week, with the dollar index touching a fresh two-week high at 102.6 as rate-cut bets eased. The euro fell 0.26% to $1.0919 and the yen weakened 0.89% at 143.25 per dollar. Oil prices climbed about 3% after a disruption at Libya's top oilfield added to fears that mounting tensions in the Middle East could disrupt global oil supplies. Brent futures rose $2.36 to settle at $78.25 a barrel. U.S. West Texas Intermediate (WTI) crude rose $2.32 to settle at $72.70. Gold retreated, on course for its largest percentage decline in over three weeks, after the Fed minutes flagged uncertainty about the timing of potential interest-rate cuts. U.S. gold futures settled 1.5% lower, at $2,042.80. Bitcoin sank roughly 5% after climbing to more than $45,000 a day earlier, its highest level since April 2022. Still, optimism about bitcoin remained high amid a possible approval this week of a spot exchange traded fund for the world's largest cryptocurrency. (Reporting by Herb Lash in New York, Naomi Rovnick and Dhara Ranasinghe in London and Stella Qiu in Sydney Editing by Chizu Nomiyama, David Evans and Matthew Lewis)... - 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 prices could top out at the $112,000 level if current buying pressure from ETFs continues.\n• The “worse case” scenario is at least $55,000, which is still a nearly 15% rise from current levels.\nBitcoin prices could touch $112,000 this year if the current trend of inflows related to spot exchange-traded funds (ETFs) continues, on-chain data provider CryptoQuant said Sunday.\nCEO Ki Young Ju said on X the “worse case” for bitcoin was at least $55,000, or a nearly 15% bump from Monday’s prices. The targets were made based on the effect of inflows on bitcoin’s market capitalization and a metric ratio that has historically indicated if prices were “overvalued” or “undervalued.”\n“Bitcoin market has seen $9.5B in spot ETF inflows per month, potentially boosting the realized cap by $114B yearly,” Ki said. “Even with $GBTC outflows, a $76B rise could elevate the realized cap from $451B to $527-565B.”\nKi cited a ratio tracking bitcoin’s market capitalization to realized capitalization –a measure of active tokensat thier last traded price – as potentially marking a top for bitcoin at the $104,000 to $112,00 mark. The ratio would reach 3.9 at those prices, a level that hashistorically marked a price top.\nSpot bitcoin ETFs have amassedmore than 192,000 bitcoin in holdings, as of Friday, since their launch nearly a month ago.\nThe funds have only been on the market for less than one month but have already attracted billions of dollars from investors looking to gain exposure to bitcoin without having to buy and store it directly.', '• Bitcoin prices could top out at the $112,000 level if current buying pressure from ETFs continues.\n• The “worse case” scenario is at least $55,000, which is still a nearly 15% rise from current levels.\nBitcoin prices could touch $112,000 this year if the current trend of inflows related to spot exchange-traded funds (ETFs) continues, on-chain data provider CryptoQuant said Sunday.\nCEO Ki Young Ju said on X the “worse case” for bitcoin was at least $55,000, or a nearly 15% bump from Monday’s prices. The targets were made based on the effect of inflows on bitcoin’s market capitalization and a metric ratio that has historically indicated if prices were “overvalued” or “undervalued.”\n“Bitcoin market has seen $9.5B in spot ETF inflows per month, potentially boosting the realized cap by $114B yearly,” Ki said. “Even with $GBTC outflows, a $76B rise could elevate the realized cap from $451B to $527-565B.”\nKi cited a ratio tracking bitcoin’s market capitalization to realized capitalization –a measure of active tokensat thier last traded price – as potentially marking a top for bitcoin at the $104,000 to $112,00 mark. The ratio would reach 3.9 at those prices, a level that hashistorically marked a price top.\nSpot bitcoin ETFs have amassedmore than 192,000 bitcoin in holdings, as of Friday, since their launch nearly a month ago.\nThe funds have only been on the market for less than one month but have already attracted billions of dollars from investors looking to gain exposure to bitcoin without having to buy and store it directly.', "Spot Bitcoin exchange-traded funds (ETFs) have alreadyamasseda staggering $10 billion in assets under management (AUM) within their first 20 days of trading, showcasing the fervent investor interest in this novel investment vehicle.\nLeading the charge are BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund, boasting holdings of $4 billion and $3.4 billion respectively. ARK 21Shares Bitcoin ETF also recently surpassed the $1 billion mark on February 10. While Grayscale Bitcoin Trust (GBTC) continues to experience outflows, the pace has slowed, with its smallest daily withdrawal on February 9. Analysts anticipate further growth as trading firms complete their evaluations of these investment vehicles.\nARK Invest, known for its bullish stance, sees Bitcoin replacing gold as a safe haven asset, predicting continued price appreciation due to its growing role in financial markets. They believe Bitcoin's antifragile nature will allow it to weather rising interest rates and inflation, offering a unique advantage in the current macroeconomic climate.\nThe recent approval of Bitcoin ETF applications by the SEC, after over a decade since the first proposal, marks a significant milestone. This development signifies not only the growing institutional embrace of Bitcoin but also a potential shift in how investors perceive it as a store of value.", "Spot Bitcoin exchange-traded funds (ETFs) have alreadyamasseda staggering $10 billion in assets under management (AUM) within their first 20 days of trading, showcasing the fervent investor interest in this novel investment vehicle.\nLeading the charge are BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund, boasting holdings of $4 billion and $3.4 billion respectively. ARK 21Shares Bitcoin ETF also recently surpassed the $1 billion mark on February 10. While Grayscale Bitcoin Trust (GBTC) continues to experience outflows, the pace has slowed, with its smallest daily withdrawal on February 9. Analysts anticipate further growth as trading firms complete their evaluations of these investment vehicles.\nARK Invest, known for its bullish stance, sees Bitcoin replacing gold as a safe haven asset, predicting continued price appreciation due to its growing role in financial markets. They believe Bitcoin's antifragile nature will allow it to weather rising interest rates and inflation, offering a unique advantage in the current macroeconomic climate.\nThe recent approval of Bitcoin ETF applications by the SEC, after over a decade since the first proposal, marks a significant milestone. This development signifies not only the growing institutional embrace of Bitcoin but also a potential shift in how investors perceive it as a store of value.", '• Bitcoin surged over 13% last week to register its best performance since October.\n• The AI-led surge in the S&P 500 is supportive of the bullish momentum in the crypto market.\nBulls seem to be dominating the supposedly risky corners of the financial market.\nBitcoin {{BTC}}, the leading cryptocurrency by market value, rose nearly 13.5% to $48,300 in the seven days to Feb. 12, the biggest single-week gain since October, according to CoinDesk data. At the same time,CoinDesk 20 Index, a measure of the biggest cryptocurrencies, has risen 11%.\nThe rally happened as continued inflows into the U.S.-based spot bitcoin exchange-traded funds (ETFs) likely overshadowed reports of bankrupt crypto lender Genesis seekingapproval to liquidateits $1.6 billion bitcoin holdings. On Thursday, spot ETFs accumulated over $400 million in inflows,registeringthe best day in nearly a month.\nThe S&P 500, Wall Street’s benchmark equity index, rose for the fifth week, closing above the $5,000 mark for the first time on record.\nAccording to Amberdata’s Director of Derivatives Greg Magadini, the boom in artificial intelligence-related stocks has driven the index higher, and the bullish momentum bodes well for the crypto market.\n"It’s hard to say that AI is overvalued. We’re really at the beginning of the AI story and an explosion of adoption. How do you value the future of AI? It’s definitely unknown, in my opinion. Crypto is in a similar position. [It is] likely a compliment to AI technology given decentralized on-chain data assets and the unknowable future use cases,” Magadini said in an email.\n“This investor risk appetite for tech is good for crypto and vice versa,” Magadini added.\nShares in NVIDIA, which are already up over 40% for the year, are leading the AI-led rally in stocks.Some observersare of the opinion that stocks look expensive, as the S&P 500 equity risk premium has dropped to its lowest since at least 2003.\nThe equity risk premium compares the projected annual corporate earnings growth with the yield on the 10-year U.S. Treasury note or the so-called risk-free rate to gauge the relative attractiveness of stocks.\nThe sharp decline in the risk premium means stocks are expensive and Treasury notes are cheap. This does not necessarily imply risk aversion, which leads to outflow from stocks and cryptocurrencies into bonds.\n“We can see that stocks are expensive (or treasuries are cheap) given this measure. Another way to read this is that risk-on sentiment is very strong in the market,” Magadini noted.', '• Bitcoin surged over 13% last week to register its best performance since October.\n• The AI-led surge in the S&P 500 is supportive of the bullish momentum in the crypto market.\nBulls seem to be dominating the supposedly risky corners of the financial market.\nBitcoin {{BTC}}, the leading cryptocurrency by market value, rose nearly 13.5% to $48,300 in the seven days to Feb. 12, the biggest single-week gain since October, according to CoinDesk data. At the same time,CoinDesk 20 Index, a measure of the biggest cryptocurrencies, has risen 11%.\nThe rally happened as continued inflows into the U.S.-based spot bitcoin exchange-traded funds (ETFs) likely overshadowed reports of bankrupt crypto lender Genesis seekingapproval to liquidateits $1.6 billion bitcoin holdings. On Thursday, spot ETFs accumulated over $400 million in inflows,registeringthe best day in nearly a month.\nThe S&P 500, Wall Street’s benchmark equity index, rose for the fifth week, closing above the $5,000 mark for the first time on record.\nAccording to Amberdata’s Director of Derivatives Greg Magadini, the boom in artificial intelligence-related stocks has driven the index higher, and the bullish momentum bodes well for the crypto market.\n"It’s hard to say that AI is overvalued. We’re really at the beginning of the AI story and an explosion of adoption. How do you value the future of AI? It’s definitely unknown, in my opinion. Crypto is in a similar position. [It is] likely a compliment to AI technology given decentralized on-chain data assets and the unknowable future use cases,” **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: 2024-02-12 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $944,911,590,525 - Hash Rate: 671828708.9304657 - Transaction Count: 409911.0 - Unique Addresses: 649038.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.70 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Jane Fraser is learning quickly that shrinking a bank can be an even tougher task than expanding one. Most Read from Bloomberg Google Lays Off Hundreds in Hardware, Voice Assistant Teams SEC Authorizes Bitcoin-Spot ETFs in Crypto’s Breakthrough These Are the World’s Most Powerful Passports in 2024 Amazon’s Twitch to Cut 500 Employees, About 35% of Staff White House Throws Support Behind Seizing Frozen Russian Assets The chief executive officer of Citigroup Inc. is trying to downsize a bank that analysts and investors consider one of Wall Street’s most bloated, taking a hatchet to some of its units — most recently its municipal-bond and distressed-debt trading businesses — after selling off much of its international retail business. The new year will be a pivotal one for Citigroup, whose stock underperformed rivals JPMorgan Chase & Co. and Wells Fargo & Co. in 2023. Fraser and Chief Financial Officer Mark Mason are under pressure to show that, after repeated attempts by predecessors to restore investors’ faith in the New York-based company following the 2008 global financial crisis, this time will be different. “This will have to be the year where the rubber hits the road,” said Piper Sandler Cos. analyst Scott Siefers. “People want to believe in Jane and Mark’s vision, but they’re also realists about what can be done. It’s a big ship to turn around.” Turning the ship around means overhauling the bank to help lift returns so they’re in line with peers and proving that Citigroup can set — and meet — financial targets after years of missing goals. But it needs to do so without harming staff morale and denting the strength of franchises at one of the world’s most global banks. At the top of Fraser’s to-do list this year is getting rid of the bureaucracy she says has long plagued the bank. Starting in September, the company began eliminating management roles around the world to fit with Fraser’s new strategy. On Wednesday, Citigroup said it would take about $780 million of fourth-quarter restructuring charges. More rounds of cuts are expected in the first three months of the year, with staff at lower levels likely to leave. Story continues Read More: Citi Records $1.3 Billion Reserve Build for Argentina, Russia That’s all with the help of Boston Consulting Group. Within Citigroup, the project is known as “Project Bora Bora.” It simplified the bank into five key units, and is cutting 13 layers of management to eight. Fraser also needs to navigate new capital rules being laid down by US regulators, while also preparing Citigroup’s Mexican retail unit, Banamex, for a public listing in 2025 and trying to sell the company’s Polish retail business. When they release fourth-quarter results on Friday, Citigroup’s leaders are expected to give more detail on trimming more of the bank’s 240,000-plus headcount, including how much its recent cuts have cost it in severance. Wells Fargo analyst Mike Mayo expects the bank to cut about 25,000 staffers by 2026, including the staffers who depart as the company winds down or exits retail businesses in countries such as Korea and Russia. Widening the gap between the bank’s costs and its revenue is key to proving the success of its leadership. In 2023, Citigroup spent more than $54 billion, excluding interest on its debt, according to the average estimate of analysts in a Bloomberg survey, and the bank is expected to report revenue of just above $78 billion, Mason said last month. Read More: Citi Soars as Revenue Target Remains Even After Trading Slump Citigroup is trying to boost its annual revenue by about 4% to 5% on average in the next few years — a figure some analysts say it’s unlikely to achieve in that time frame. “We’re skeptical about the bank’s ability to reach those revenue targets,” said Wolfe Research LLC analyst Steven Chubak, who nonetheless upgraded Citigroup to outperform this month because of its cost-cutting work. “It’s punchy for JPMorgan. It’s aggressive for any bank, not just Citi, especially with rates having peaked.” A representative for Citigroup declined to comment. This week for the first time, Citigroup made clear the relative profitability of each of its newly formed core units: services, markets, banking and international, wealth and US retail banking. The disclosures — outlined in a filing late Wednesday — are particularly important for the services group, which includes treasury and trade solutions and securities services. The bank has long claimed the treasury-management business is its “crown jewel” and under-valued by potential investors. Bolstered by Citigroup’s global reach into almost 160 countries, the unit supports vital corporate functions such as digital payments, receivables and liquidity management. The latest historical financial results showed the services business generated returns of 23% in the third quarter, almost three times higher than the 8% from its markets operations, which houses its army of traders. Meanwhile, returns at its burgeoning wealth business — a key tenet of Fraser’s turnaround plan — were 3.5% in that period compared to 15% two years prior. At its banking unit, returns were 3.1% in the third quarter, and the operations even lost money in certain previous periods. The bank’s leadership has shown it’s prepared to trim even longstanding and competitive businesses to meet its broader goal of increasing profitability. Citigroup was once the market leader in US municipal bonds, and had some strongly profitable years in distressed-debt trading, before deciding late last year to shutter both businesses. Read More: Citi Exiting Distressed-Debt Trading in Latest Retrenchment There are echoes of past attempts to lift the bank’s stock price. Former CEO Vikram Pandit trimmed tens of thousands of jobs in the wake of the global financial crisis, and then thousands more when Citigroup struggled during Europe’s sovereign-debt crisis. Less than two months after Pandit’s 2012 ouster, successor Michael Corbat announced 11,000 job cuts. Those attempts failed to lift the bank’s shares much after they fell more than 75% in 2008. The challenges kept coming and, more than three years ago, the bank got hit with a pair of consent orders, with regulators demanding improvements to Citigroup’s internal controls and risk management. The orders remain in place. The bank’s shares trade at about half of the forecast value of its assets a year in the future — the worst of big banks by far. It ended 2023 with its stock up 14%, beating out Bank of America Corp.’s 1.7% increase, but lower than Wells Fargo’s 19% and almost half of JPMorgan’s 27%. Some investors are also nervous about the new regulatory headwinds Citigroup’s facing. New rules by regulators intended to stabilize banks in the wake of last year’s regional-banking tumult may force Citigroup to exit more of its riskier businesses and hold additional capital on its balance sheet. With a history of operational missteps, those regulations — known as Basel 3 Endgame — may hit Fraser’s bank harder than its peers. Still, so far, there are signs of confidence emerging in Citigroup’s plan. Shares jumped after Mason signaled aggressive efficiency measures in December, and Mayo — the veteran Wall Street analyst — has made the bank his top pick for 2024. Whatever happens with earnings Friday, Citigroup is hoping investors will trust its long game. “They might have worse trading or worse investment banking than some of the other big banks — and if that’s one quarter here and there, it doesn’t matter,” said Evercore Inc. analyst Glenn Schorr. “That doesn’t change what people are buying into per se. They are buying into this self-help, healing story.” --With assistance from Sridhar Natarajan and Bre Bradham. Most Read from Bloomberg Businessweek Trumponomics 2.0: What to Expect If Trump Wins the 2024 Election How AI Replaced the Metaverse as Zuckerberg’s Top Priority US Is Weaponizing New Economic Tools to Slow China’s War Machine Five ETFs to Watch in 2024 Elon Musk’s Alleged Drug Use Comes Under a Microscope ©2024 Bloomberg L.P.... - Reddit Posts (Sample): [['u/SAMTAYLORBURDON', 'The exchange I buy through just asked me this...', 106, '2024-02-12 00:17', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/', 'Hi all, I just received an email (2nd Feb actually) from the exchange I use to buy btc with. Essentially it\'s a demand for info on where I have been sending btc with the threat of account freeze if I do not squeal. So far I have reacted by sending everything I had remaining with them elsewhere...\nI can\'t help wondering the \'what next \' strategy, particularly if I would like to keep buying through this company. Should I tell them the addresses belong to me? Should I not reply and accept being frozen out of the exchange? Is this actually a phishing scam?\n\nHere is what they have said.....\n\n"Regulations in the UK require that we maintain up-to-date information about our clients and their account activity regarding self-custody wallets. A self-custody wallet is one where you manage your private keys yourself, for example a hardware wallet.\n\nPlease reply to this email and answer the following questions:\n\nPlease confirm that you own or are in control of the self-custodial wallets that you are sending and receiving from.\n\nIf you do not own or control the self-custodial wallets that you are sending and receiving from, please detail which addresses these are, who the owner or controller is, and provide their residential address.\nAfter your reply, our support team will make sure to clarify any questions you have and ensure the process runs smoothly\n\nIf we do not receive a response by February 23, 2024, we will have to place a lock on your account until we obtain the information we requested."', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/', '1aolkp7', [['u/Amber_Sam', 126, '2024-02-12 00:21', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq06ex6/', "Name and shame. \n\n\nI believe it's Kraken, at least I've seen something similar on Nostr from Kraken recently.", '1aolkp7'], ['u/SAMTAYLORBURDON', 65, '2024-02-12 00:23', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq06q9n/', 'Yeahhh it is.\nThey seem to run a great service, but this has thrown me.', '1aolkp7'], ['u/MorninggDew', 21, '2024-02-12 00:47', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0a42d/', 'I would tell them to fuck off and find another exchange personally.', '1aolkp7'], ['u/btceacc', 73, '2024-02-12 00:55', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0bagq/', "Isn't this due to all the new draconian rules the UK have introduced where they need to know everyone's crypto addresses?", '1aolkp7'], ['u/r_a_d_', 18, '2024-02-12 00:55', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0bcju/', 'I don’t get it though, it says it’s to comply with UK regulation. So you’re mad with Kraken for complying with the law?', '1aolkp7'], ['u/CaptainPugwash75', 18, '2024-02-12 01:02', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0cb07/', 'Are you certain this email is genuine?', '1aolkp7'], ['u/420osrs', 30, '2024-02-12 01:05', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0cpfi/', 'Hi,\n\n​\n\nThis is my personal wallet and you have my contact information as I completed KYC on xx date. \n\n\nThe address you are requesting is yy which I provided to you already during the above process. \n\n\nIf you have any additional questions please reach out.\n\n​\n\nThanks for your time,\n\nName', '1aolkp7'], ['u/Amber_Sam', 24, '2024-02-12 01:07', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0d0o1/', 'Explore the p2p options before giving them your privacy. Bisq, robosats, peachbitcoin and vexl are a good start.', '1aolkp7'], ['u/OverallFloor3081', 131, '2024-02-12 01:08', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0d99f/', 'Transfer to another wallet', '1aolkp7'], ['u/XBThodler', 12, '2024-02-12 01:27', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0g2bl/', 'Move funds first, close account after 😆', '1aolkp7'], ['u/Deez1putz', 13, '2024-02-12 01:28', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0g7q5/', 'Pretty sure it’s the law in the UK and any non-dodgy exchange is going to do the same.', '1aolkp7'], ['u/IHeartWordplay', 45, '2024-02-12 01:41', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0i8uv/', 'They are not asking for the addresses that you send TO and receive FROM. They are confirming that you control the addresses that you send from and receive to. That is, they want to Know Their Customer, and they’re confirming you are their customer.. and that you didn’t open these accounts on behalf of some third party. It’s government anti-money laundering stuff, I believe.', '1aolkp7'], ['u/DeathMoJo', 13, '2024-02-12 01:50', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0jrwe/', 'Kraken is the best exchange I have used hands down. All about security, staying in compliance and has competitive fees. They were up front when they had the scrap their earn program in the US.', '1aolkp7'], ['u/DrBreakenspein', 15, '2024-02-12 02:08', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0mgjp/', 'Companies involved in financial transactions need to comply with anti money laundering laws, which means they have to ensure the source of or recipient of funds isn\'t a prohibited entity. This is fairly routine if they can\'t determine this on their own and opens them up to liability if they dont determine it. You can\'t avoid this just because it\'s "bitcoin"', '1aolkp7'], ['u/ROBINHOODEATADIK2', 19, '2024-02-12 02:21', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0okpl/', 'Don’t think it’s so much being mad at the exchange, they have to comply if they want to continue doing business there , but it’s more like if that’s how it has to be then it’s time to find alternative places to trade', '1aolkp7'], ['u/und3adb33f', 11, '2024-02-12 02:49', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0sw98/', 'Explain to them that you are sending funds to your little old auntie in Pakistan who just wants to nuke the fuck out of New Delhi.', '1aolkp7'], ['u/the-quibbler', 17, '2024-02-12 02:56', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq0twjx/', 'Very possibly your options other than complying will eventually boil down to expatriation or illegal activity', '1aolkp7'], ['u/Wsemenske', 12, '2024-02-12 05:06', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq1dctx/', 'Yeah the animosity is directed at the wrong direction. Blame the UK for their shit regulations\xa0', '1aolkp7'], ['u/Latter_Box9967', 14, '2024-02-12 06:51', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq1qaxi/', 'Yeah, just say it’s your online drug dealer’s address, and you don’t have any more info. \n\n…and then tell us what happened.', '1aolkp7'], ['u/BtcKing1111', 10, '2024-02-12 07:57', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq1wkvh/', "Kraken doesn't allow transfer-in-from and transfer-out-to wallets that do not belong to you.\n\nThey require you first transfer to a wallet controlled by you, before sending to Kraken.\n\nOr that crypto flowing to you first goes through your wallet, before going to Kraken.\n\nThey want to maintain one layer of probable deniability in-case there is money laundering, they can blame it on a user wallet, instead of funds sent directly to them.", '1aolkp7'], ['u/bastroptexas', 29, '2024-02-12 08:10', 'https://www.reddit.com/r/Bitcoin/comments/1aolkp7/the_exchange_i_buy_through_just_asked_me_this/kq1xoqr/', 'They have to comply to lock the boot, you don’t. Move and don’t look back', '1aolkp7']]], ['u/Earlyretirement55', 'BOWL WTF happened with IV crush after earnings ??!!', 17, '2024-02-12 00:44', 'https://www.reddit.com/r/options/comments/1aom5lb/bowl_wtf_happened_with_iv_crush_after_earnings/', '355p before ER wrote 17.5 calls exp next week, day after earnings IV did not budge, and theta can’t cope, my OTM contracts are bleeding everyday despite being a good 20% OTM, my broker did not like my exposure so 50% of my 700 contracts were sold BTC by risk mitigation at Schwab. Wrote for a paltry $0.10 risk mitigation is buying to close at 0.25 to 0.30 so far my $6k premium has turned into a $6k loss, still have exposure with 300 contracts expiration Feb 16. \n\nWhy there was no IV crush after earnings for BOWL?', 'https://www.reddit.com/r/options/comments/1aom5lb/bowl_wtf_happened_with_iv_crush_after_earnings/', '1aom5lb', [['u/Elegant-Hunt-1532', 22, '2024-02-12 00:49', 'https://www.reddit.com/r/options/comments/1aom5lb/bowl_wtf_happened_with_iv_crush_after_earnings/kq0ai7m/', 'Low volume prolly', '1aom5lb'], ['u/justamemeguy', 20, '2024-02-12 02:43', 'https://www.reddit.com/r/options/comments/1aom5lb/bowl_wtf_happened_with_iv_crush_after_earnings/kq0rt1n/', 'It had a 18% move which is presumably way above the implied move. The bid ask spread is priced correctly. Your broker closed your trade because you had concentration risk. You do not understand how to price your risk because those calls ar... 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 Anna Tong and Krystal Hu\n(Reuters) - Founders Fund, the venture capital firm founded by billionaire Peter Thiel, is investing once again in bitcoin and ether, sources said, signaling Silicon Valley's renewed interest in cryptocurrency markets.\nFrom late summer to early fall last year, the fund invested $200 million to acquire crypto tokens, half in bitcoin and the other half in ether, the two largest cryptocurrencies, two sources with direct knowledge of the matter told Reuters.\nThe previously unreported move by the prominent Silicon Valley venture capital firm underscores some institutional investors' return to token investments, once the hottest investment strategy before the crypto market crashed in 2022.\nThe outsized bet marks a comeback for crypto markets, which suffered in 2022 after the collapse of crypto exchange FTX and other big players crushed prices, tarnished the industry and prompted a regulatory crackdown.\nIn 2022, the price of bitcoin crashed to nearly $15,000, its lowest price since 2020.\nBitcoin and ether prices have gradually climbed over the past year, with bitcoin hitting $50,000 for first time in more than two years this week, but still below its peak of $69,000 in November 2021.\nAs one of the earliest institutional investors in crypto, Founders Fund began aggressively buying bitcoin in 2014, but then liquidated it before the crypto market crashed in 2022, making about $1.8 billion in returns.\nLast summer, Founder's Fund started to acquire bitcoin when it was below $30,000, and purchased more bitcoin and ether over a few months, sources added. Reuters wasn't able to learn the average price of those purchases.\nA spokesperson for the fund declined to comment.\nThiel, a co-founder of PayPal and Palantir, has publicly praised bitcoin, a currency based on blockchain technology that exists outside the purview of central banks, saying it is a store of value like gold and a hedge against central banks' monetary policy.\nThe cryptocurrency affinity aligns with the billionaire's interests in libertarianism, small government and technology innovation.\nFounders Fund, known for its early bets in companies such as SpaceX and Meta, now has over $12 billion in assets under management. It hired Joey Krug as partner in April 2023 to focus on crypto investing.\n(Reporting by Anna Tong in San Francisco and Krystal Hu in Toronto; editing by Kenneth Li and Sonali Paul)", 'By Ankur Banerjee\nSINGAPORE, Feb 13 (Reuters) - Asian stocks inched higher and the dollar held steady on Tuesday ahead of a key U.S. inflation report that could help shape the Federal Reserve\'s rates outlook and determine the timing of interest rate cuts.\nBitcoin remained strong after crossing $50,000 for the first time in over two years, thanks to inflows into exchange traded funds backed by the digital asset. It was last at $50,0097 in Asian hours.\nMSCI\'s broadest index of Asia-Pacific shares outside Japan was 0.15% higher in early trading. The index is down 3% so far in the year.\nJapan\'s Nikkei on the other hand has carried on from last year and is up 12% for the year. On Tuesday, the index rose 1.7% to hit a fresh 34-year high on the back of a weak yen which is nearing the closely-watched 150 per dollar level.\nChina\'s financial markets are closed for the Lunar New Year holiday and will resume trade on Monday, Feb. 19, with Hong Kong markets due to resume on Feb. 14, leaving trading in Asia subdued and taking cues from the Wall Street.\nOn Monday, the Nasdaq slipped in the afternoon session after briefly surpassing its record closing high from November 2021. The benchmark S&P 500 closed lower but remained just above the 5,000-point level it crossed on Friday. E-mini futures for the S&P 500 fell 0.16%.\nInvestor attention this week will be on crucial reports on January\'s U.S. Consumer Price Index (CPI), due later in the day, and Producer Price Index, scheduled to be released on Friday.\nA slew of recent data, led by strength in the labour market, has underlined the resilience of the U.S. economy and pushed traders to scale back expectations of early and deep interest rate cuts from the Fed.\nMarkets have all but chalked off chances of a rate cut in March, with traders pricing in a 13% chance of an easing compared with 77% a month earlier, the CME FedWatch tool showed.\nEconomists polled by Reuters expect CPI to rise 2.9% on a year-on-year basis, down from 3.4% in the previous month, with annual core CPI inflation also expected to slow to 3.7% in January from 3.9% a month earlier.\nHowever, there is risk of an upside surprise, which could nudge yields higher and further strengthen the dollar, according to Charu Chanana, head of currency strategy at Saxo.\n"May rate cut probability is around 70%, and there appears room to push that further to June with markets remaining sensitive to hawkish surprises for now."\nTraders are still pricing in 111 basis points of cuts this year versus 75 bps of easing projected by the Fed.\nThe yield on 10-year Treasury notes was at 4.172%. The dollar index, which measures the U.S. currency against six rivals, was little changed at 104.16.\nThe Japanese yen, which is sensitive to U.S. rates, was last at 149.38 per dollar, not far from the closely-watched 150 level that analysts said would likely trigger further jawboning from Japanese officials in an attempt to support the currency.\nIn commodities, U.S. crude rose 0.03% to $76.94 per barrel and Brent was at $81.99, down 0.01% on the day.\n(Reporting by Ankur Banerjee in Singapore; Editing by Shri Navaratnam)', 'Bitcoin (BTC) surged past the $50,000 mark on February 12, reaching its highest level since December 2021. This rally was fueled by a combination of rising investor enthusiasm surrounding inflows from spot Bitcoin exchange-traded funds (ETFs) and the anticipated Bitcoin halving event in April.\nThe price leap saw Bitcoin reach a session high of $50,188, marking a remarkable 4% gain in a single day. This two-month high arrives just ahead of the halving, where the number of new BTC rewards generated every block gets cut in half, potentially impacting supply and demand dynamics.\nThe surge in investor optimism is further fueled by the growing popularity of spot Bitcoin ETFs. These investment vehicles offer exposure to the leading cryptocurrency without the complexities of directly holding it. Over the past week, spot Bitcoin ETFs attracted a staggering $1.1 billion in inflows, pushing their total assets under management to $59 billion.\nWhile the Grayscale Bitcoin Trust, a traditional investment vehicle for institutional investors, continues to experience outflows, the rise of spot ETFs signifies a potential shift in investment preferences. Looking ahead, many investors anticipate further price appreciation in the lead-up to the halving event, driven by the potential for supply constraints.', 'Bitcoin (BTC) surged past the $50,000 mark on February 12, reaching its highest level since December 2021. This rally was fueled by a combination of rising investor enthusiasm surrounding inflows from spot Bitcoin exchange-traded funds (ETFs) and the anticipated Bitcoin halving event in April.\nThe price leap saw Bitcoin reach a session high of $50,188, marking a remarkable 4% gain in a single day. This two-month high arrives just ahead of the halving, where the number of new BTC rewards generated every block gets cut in half, potentially impacting supply and demand dynamics.\nThe surge in investor optimism is further fueled by the growing popularity of spot Bitcoin ETFs. These investment vehicles offer exposure to the leading cryptocurrency without the complexities of directly holding it. Over the past week, spot Bitcoin ETFs attracted a staggering $1.1 billion in inflows, pushing their total assets under management to $59 billion.\nWhile the Grayscale Bitcoin Trust, a traditional investment vehicle for institutional investors, continues to experience outflows, the rise of spot ETFs signifies a potential shift in investment preferences. Looking ahead, many investors anticipate further price appreciation in the lead-up to the halving event, driven by the potential for supply constraints.', 'The competition for the first spot Ethereum (ETH) exchange-traded fund (ETF) intensifies with seasoned Wall Street player Franklin Templeton entering the fray. The firmfiledan application with the Securities and Exchange Commission (SEC) today, seeking approval for a fund directly tracking ETH.\nThis move by Franklin Templeton, managing a whopping $1.4 trillion in assets, signifies growing institutional interest in Ethereum, the second-largest cryptocurrency by market capitalization. Their proposed "Franklin Ethereum Trust" would hold ETH and explore the possibility of "staking" a portion of the fund\'s assets.\nStaking involves locking ETH to help secure the Ethereum network and earn rewards in the process. However, staking remains a contentious issue, with regulators like the SEC fining major crypto companies for offering unregistered securities through staking services.\nThis development follows the January approval of 10 spot Bitcoin ETFs, marking a historic moment for cryptocurrency integration into traditional financial markets. These Bitcoin ETFs allow investors to gain exposure without directly owning or managing the digital asset. Franklin Templeton isn\'t alone in seeking an ETH ETF. Industry giants like BlackRock, Grayscale, and VanEck have also submitted proposals.', "Chinese crypto mining companies are finding a new haven in Ethiopia, drawn by the country's low-cost hydropower and favorable climate,accordingto a recent Bloomberg report. This migration comes as China cracked down on crypto mining in 2021, forcing companies to seek alternative locations.\nWhile Ethiopia officially bans cryptocurrency trading, it legalized Bitcoin mining in 2022, opening the door for Chinese investment. Bloomberg's investigation revealed that 19 out of 21 companie **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: 2024-02-13 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $984,770,926,875 - Hash Rate: 506686456.4559378 - Transaction Count: 313178.0 - Unique Addresses: 589286.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.79 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Talk of lowering European Central Bank borrowing costs is premature at this stage, Executive Board member Isabel Schnabel said, prompting investors to bet on less monetary easing this year. Most Read from Bloomberg Amazon’s Twitch to Cut 500 Employees, About 35% of Staff SEC Says FBI Is Investigating Compromise of Agency’s X Account SEC Authorizes Bitcoin-Spot ETFs in Crypto’s Breakthrough Boeing CEO Fights Back Tears and Admits ‘Our Mistake’ in 737 Address “It is too early to discuss rate cuts,” she said in a Q&A session on X. “We will keep our key policy rates at restrictive levels until we are confident that inflation sustainably returns to our 2% target. This requires additional data confirming the disinflationary process.” The ECB has kept rates on hold at its last two meetings as it assesses the impact of its tightening campaign on the economy. Investors, who’ve been betting that the first cut will come in the spring, pared their wagers after Schnabel’s comments, favoring five quarter-point reductions in 2024 instead of six for the first time since the middle of last month. Almost seven such cuts were expected two weeks ago. Odds on the first move by March have also fallen to around 33% from 50% on Friday. Addressing a question about the differing outlook between policymakers and investors, Schnabel said she doesn’t see a lack of credibility on the part of the central bank. “There can be different views on future economic developments and the inflation outlook,” she said. The Executive Board member also highlighted that “financial conditions have loosened more than projected,” explaining that this easing is linked to expected rate cuts. Turning to the economy, Schnabel said that the euro-area economy faces subdued prospects even if the worst of the downturn may be over. “There is evidence that sentiment indicators are bottoming out, but the near-term economic outlook remains weak in line with our projections,” she said. That chimes with comments from ECB Vice President Luis de Guindos earlier on Wednesday, who said that output in the euro area probably continued contracting at the end of last year, producing a shallow recession. Inflation has slowed dramatically, reaching 2.4% before a December rebound that reflected the withdrawal of government aid to deal with higher energy costs. The retreat is expected to continue this year, though at a slower pace than in 2023. “Inflation has eased but underlying price pressures remain elevated,” Schnabel said. “Policy rates need to be sufficiently restrictive for as long as necessary to ensure that inflation sustainably returns to 2%. A slowing economy is part of monetary policy transmission.” Story continues Schnabel also said: “Our projections foresee inflation reaching our 2% target in 2025. So we are on the right track. Geopolitical tensions are one of the upside risks to inflation as they could drive up energy prices or freight costs. That’s why we need to remain vigilant” “The drop in unemployment to a historical low confirms continued strong resilience in labor markets, which is broadly in line with the December 2023 staff projections. As inflation falls, we continue to expect a gradual decline in wage growth in 2024” “The new fiscal rules are a step in the right direction. They are less procyclical, use a differentiated approach across member states and acknowledge the importance of public investment. However, the new framework lacks a central fiscal capacity” “We should intensify efforts to green our lending operations, including the collateral framework. First steps are already being taken. Green targeted lending operations could be considered when monetary policy needs to become expansionary again” “The need for higher private and public investments due to the green transition as well as digitalisation and geopolitical shifts may lead to the neutral rate being higher than before the pandemic” --With assistance from Sonja Wind and James Hirai. (Updates with market reaction in first paragraph.) Most Read from Bloomberg Businessweek Trumponomics 2.0: What to Expect If Trump Wins the 2024 Election Tropical Underworld: The Murder Case That Could Topple an Alleged Crime Empire US Is Weaponizing New Economic Tools to Slow China’s War Machine Elon Musk’s Alleged Drug Use Comes Under a Microscope Five ETFs to Watch in 2024 ©2024 Bloomberg L.P. 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:** ['Top 10 Creations (All ETFs)\n[{"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Net Flows ($, mm)": "483.54", "AUM ($, mm)": "406,186.30", "AUM % Change": "0.12%"}, {"Ticker": "XLF", "Name": "Financial Select Sector SPDR Fund", "Net Flows ($, mm)": "466.95", "AUM ($, mm)": "36,568.72", "AUM % Change": "1.28%"}, {"Ticker": "TLT", "Name": "iShares 20+ Year Treasury Bond ETF", "Net Flows ($, mm)": "412.69", "AUM ($, mm)": "49,925.53", "AUM % Change": "0.83%"}, {"Ticker": "VCSH", "Name": "Vanguard Short-Term Corporate Bond ETF", "Net Flows ($, mm)": "293.03", "AUM ($, mm)": "36,409.83", "AUM % Change": "0.80%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Net Flows ($, mm)": "250.72", "AUM ($, mm)": "4,180.86", "AUM % Change": "6.00%"}, {"Ticker": "JAAA", "Name": "Janus Henderson AAA CLO ETF", "Net Flows ($, mm)": "221.94", "AUM ($, mm)": "6,491.63", "AUM % Change": "3.42%"}, {"Ticker": "DIA", "Name": "SPDR Dow Jones Industrial Average ETF Trust", "Net Flows ($, mm)": "174.07", "AUM ($, mm)": "33,301.88", "AUM % Change": "0.52%"}, {"Ticker": "XLC", "Name": "Communication Services Select Sector SPDR Fund", "Net Flows ($, mm)": "162.35", "AUM ($, mm)": "17,549.30", "AUM % Change": "0.93%"}, {"Ticker": "SMH", "Name": "VanEck Semiconductor ETF", "Net Flows ($, mm)": "142.72", "AUM ($, mm)": "14,688.56", "AUM % Change": "0.97%"}, {"Ticker": "ARKB", "Name": "ARK 21Shares Bitcoin ETF", "Net Flows ($, mm)": "136.46", "AUM ($, mm)": "1,021.88", "AUM % Change": "13.35%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Net Flows ($, mm)": "-3,659.31", "AUM ($, mm)": "486,854.43", "AUM % Change": "-0.75%"}, {"Ticker": "VTI", "Name": "Vanguard Total Stock Market ETF", "Net Flows ($, mm)": "-1,226.42", "AUM ($, mm)": "368,729.92", "AUM % Change": "-0.33%"}, {"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "-306.02", "AUM ($, mm)": "252,399.52", "AUM % Change": "-0.12%"}, {"Ticker": "TFLO", "Name": "iShares Treasury Floating Rate Bond ETF", "Net Flows ($, mm)": "-293.11", "AUM ($, mm)": "9,040.91", "AUM % Change": "-3.24%"}, {"Ticker": "VB", "Name": "Vanguard Small-Cap ETF", "Net Flows ($, mm)": "-186.28", "AUM ($, mm)": "51,448.51", "AUM % Change": "-0.36%"}, {"Ticker": "IVV", "Name": "iShares Core S&P 500 ETF", "Net Flows ($, mm)": "-176.29", "AUM ($, mm)": "435,416.56", "AUM % Change": "-0.04%"}, {"Ticker": "XLP", "Name": "Consumer Staples Select Sector SPDR Fund", "Net Flows ($, mm)": "-171.86", "AUM ($, mm)": "15,615.36", "AUM % Change": "-1.10%"}, {"Ticker": "TQQQ", "Name": "ProShares UltraPro QQQ", "Net Flows ($, mm)": "-168.96", "AUM ($, mm)": "22,378.35", "AUM % Change": "-0.76%"}, {"Ticker": "IVW", "Name": "iShares S&P 500 Growth ETF", "Net Flows ($, mm)": "-168.40", "AUM ($, mm)": "38,120.94", "AUM % Change": "-0.44%"}, {"Ticker": "XBI", "Name": "SPDR S&P Biotech ETF", "Net Flows ($, mm)": "-147.95", "AUM ($, mm)": "6,956.12", "AUM % Change": "-2.13%"}]\nETF Daily Flows By Asset Class\n[{"": "Alternatives", "Net Flows ($, mm)": "2.32", "AUM ($, mm)": "6,887.25", "% of AUM": "0.03%"}, {"": "Asset Allocation", "Net Flows ($, mm)": "5.85", "AUM ($, mm)": "17,095.53", "% of AUM": "0.03%"}, {"": "Commodities", "Net Flows ($, mm)": "23.74", "AUM ($, mm)": "124,432.81", "% of AUM": "0.02%"}, {"": "Currency", "Net Flows ($, mm)": "428.78", "AUM ($, mm)": "35,769.62", "% of AUM": "1.20%"}, {"": "International Equity", "Net Flows ($, mm)": "151.15", "AUM ($, mm)": "1,376,749.47", "% of AUM": "0.01%"}, {"": "International Fixed Income", "Net Flows ($, mm)": "504.11", "AUM ($, mm)": "173,452.86", "% of AUM": "0.29%"}, {"": "Inverse", "Net Flows ($, mm)": "-220.00", "AUM ($, mm)": "13,868.72", "% of AUM": "-1.59%"}, {"": "Leveraged", "Net Flows ($, mm)": "-425.53", "AUM ($, mm)": "89,058.47", "% of AUM": "-0.48%"}, {"": "U.S. Equity", "Net Flows ($, mm)": "-4,888.61", "AUM ($, mm)": "5,173,463.78", "% of AUM": "-0.09%"}, {"": "U.S. Fixed Income", "Net Flows ($, mm)": "876.82", "AUM ($, mm)": "1,361,308.40", "% of AUM": "0.06%"}, {"": "Total:", "Net Flows ($, mm)": "-3,541.37", "AUM ($, mm)": "8,372,086.90", "% of AUM": "-0.04%"}]\nDisclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.\nPermalink| © Copyright 2024etf.com.All rights reserved', 'With the price of bitcoin now well over $49,000 and other crypto assets rising, traders have entered a period of “extreme greed,” according to awell-known indexmeasuring market sentiment.\nThe Fear & Greed Index, published by data sourcealternative.me, measures market enthusiasm for bitcoin and other prominent digital assets. The last time the index reached a score of 79 out of 100 was when bitcoin hit its all-time high around $69,000 in November 2021.\n“When investors are getting too greedy, that means the market is due for a correction,” saidalternative.meon its website.\nIt’s an axiom of the market that savvy traders prefer buying when the index shows extreme fear, and that they become more cautious when greed is higher. But, of course, that might not be the case.\nThe index has been routinely above 70 (the threshold for “greed”) since October last year. It fell as low as 50 following the approval of bitcoin ETFs in January, which initially turned out to be a “sell-the-news” event.\nBitcoin has more than doubled in price in the last 12 months. A year ago today, one coin was worth as little as $21,000 and yesterday the price briefly rose above $50,000. The price has retreated a hair to $49,400 at press time.', 'With the price of bitcoin now well over $49,000 and other crypto assets rising, traders have entered a period of “extreme greed,” according to awell-known indexmeasuring market sentiment.\nThe Fear & Greed Index, published by data sourcealternative.me, measures market enthusiasm for bitcoin and other prominent digital assets. The last time the index reached a score of 79 out of 100 was when bitcoin hit its all-time high around $69,000 in November 2021.\n“When investors are getting too greedy, that means the market is due for a correction,” saidalternative.meon its website.\nIt’s an axiom of the market that savvy traders prefer buying when the index shows extreme fear, and that they become more cautious when greed is higher. But, of course, that might not be the case.\nThe index has been routinely above 70 (the threshold for “greed”) since October last year. It fell as low as 50 following the approval of bitcoin ETFs in January, which initially turned out to be a “sell-the-news” event.\nBitcoin has more than doubled in price in the last 12 months. A year ago today, one coin was worth as little as $21,000 and yesterday the price briefly rose above $50,000. The price has retreated a hair to $49,400 at press time.', "Robinhood Markets(NASDAQ: HOOD)Q4 2023 Earnings CallFeb 13, 2024,5:00 p.m. ET\n• Prepared Remarks\n• Questions and Answers\n• Call Participants\nOperator\nThank you for standing by, and welcome to the Robinhood Markets Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator instructions] As a reminder, today's program is being recorded.\nAnd now I'd like to introduce your host for today's program, Chris Koegel, vice president of corporate FP&A and investor relations. Please go ahead.\nChris Koegel--Vice President, Corporate FP&A and Investor Relations\nAll right. Thank you, Jonathan, and thank you to everyone for joining Robinhood's Q4 earnings call. With us today are our CEO and co-founder, Vlad Tenev; and CFO, Jason Warnick. Before getting started, I want to remind you that today's call will contain forward-looking statements.\nActual results could differ materially from our expectations, and we have no duty to provide updates unless legally required. Potential risk factors that could cause differences, including regulatory developments that we continue to monitor, are described in the press release we issued today, the earnings presentation, and our SEC filings all of which can be found at investors.robinhood.com. Today's discussion will also include non-GAAP financial measures. Reconciliation to the GAAP results we consider most comparable can be found in the earnings presentation.\nShould you invest $1,000 in Robinhood Markets right now?\nBefore you buy stock in Robinhood Markets, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Robinhood Markets wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has\xa0more than tripled\xa0the return of S&P 500 since 2002*.\nSee the 10 stocks\n*Stock Advisor returns as of February 12, 2024\nWith that, let me turn it over to Vlad.\nVlad Tenev--Co-Founder and Chief Executive Officer\nThanks, Chris. Hi, everyone. We're going to try something a little bit different today. I'm going to keep my remarks brief so that we can spend more time on Q&A.\nRobinhood is focused on three things: number one, winning the active trader market; two, increasing wallet share as we deepen relationships with our customers and three, expanding internationally. I, first off, want to congratulate our team for a strong 2023. Trading market share was up 14% for equities and 19% for options year over year. Gold subscribers were up 25% to $1.4 million, and assets under custody exceeded $100 billion, fueled by the strength of our 27% organic growth in net deposits.\nAnd we've launched brokerage in the U.K. and crypto in the EU. A coup **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: 2024-02-14 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $997,253,012,388 - Hash Rate: 521699388.4990767 - Transaction Count: 296717.0 - Unique Addresses: 586548.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.74 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- If last year was any guide, 2024 is going to be another busy one for activist investors seeking to shake up corporate Japan. Most Read from Bloomberg SEC’s X Account Hacked to Falsely Say Bitcoin ETF Approved Amazon’s Twitch to Cut 500 Employees, About 35% of Staff Bottled Water Contains More Plastic Particles Than Previously Thought Boeing CEO Fights Back Tears and Admits ‘Our Mistake’ in 737 Address Spurred by government and institutional pressure at companies to improve corporate governance and boost valuations, activist investors are pursuing more difficult and high-profile investments. Shareholder proposals, which also hit a peak last year, will probably reach a record when annual meetings roll around this summer. “We are only at the beginning of a period of more pronounced activity,” said Peter Guenthardt, head of Asia-Pacific investment banking at Bank of America Corp. Activist investors “are back with a vengeance now, and the reason for that is because they do see the value and believe this time around the circumstances are very different.” The total market value of Japanese companies targeted by activists more than doubled to $252 billion in 2023, from $117 billion the prior year, according to data compiled by Bloomberg. The majority of campaigns so far focus on boosting shareholder returns, such as getting small- to mid-cap businesses to issue more dividends. As they gain a stronger foothold, these investors are becoming more emboldened, and will probably pursue tougher strategies and tackle larger, more conservative companies. Here are some of the campaigns to watch this year: Palliser Capital — Keisei Railway London-based Palliser Capital disclosed in October it had built a 1.6% stake in Keisei Electric Railway Co. and had been speaking with management for more than two years. Railroad and transport companies have long been seen as difficult targets because of their conservative culture, and analysts have said the outcome of Palliser’s campaign could be a litmus test of whether activist investors can succeed with larger, tougher-to-crack businesses. “If Palliser had tried to do this five years ago, my guess is they’d have gotten absolutely nowhere,” said CLSA broker John Seagrim. “Where before Keisei would’ve basically ignored Palliser, it can’t anymore.” Palliser’s proposals to Keisei include selling off part of its 22% ownership stake in Tokyo Disneyland operator Oriental Land Co. to a level where its market value can be recognized on the balance sheet, and re-investing the capital into the railway’s operations and business. Story continues Keisei currently has no need to raise funds, a representative for the railway operator said, adding that it might eventually sell its stake, but not immediately. Palliser said it was confident in unlocking value at Keisei and that it will continue to work with management. 3D Investment Partners — Fuji Soft, Sapporo The secretive Japanese-run hedge fund based in Singapore became well-known as a Toshiba Corp. investor during the troubled conglomerate’s privatization saga last year. Now, 3D’s most public investments are two very different businesses — software company Fuji Soft Inc. and beermaker Sapporo Holdings Ltd. — with a similar issue: large non-core real estate holdings that can be sold off to free up money for other uses. Although 3D’s stakes were made public in 2022, it made significant progress on the campaigns last year, which will continue to play out in 2024. Sapporo in September established a committee to review options for its property business, while Fuji Soft said in November it was looking to shrink its real estate footprint. “One of the more interesting things in 2024 will be more focus on hidden land assets,” Seagrim said. “3D has led the way on that with Fuji Soft and Sapporo.” A Sapporo representative said the company was working to increase corporate value for shareholders. Fuji Soft and 3D didn’t respond to requests for comment. ValueAct Capital — Recruit ValueAct Capital’s campaign around Recruit Holdings Co., the company behind the world’s largest employment portal, is still in its early days but already has the drama of two well-known players. Recruit, a $69 billion company, has a global business through its ownership of Indeed.com and Glassdoor. San Francisco-based ValueAct has made a name for itself in Japan with a very public campaign at convenience store operator Seven & i Holdings Co., where it has continued to call for a strategic review after losing a fight to oust the chief executive. Although details now are thin over its Recruit investment, ValueAct said in November it had taken about a 1.1% stake and thinks the company is worth twice as much as what it had been trading at. A representative for ValueAct did not respond to a request for comment. Recruit reiterated its prior comment, saying that the investment “is a recognition of the value and long-term potential of our company,” adding, “We look forward to having ValueAct as a shareholder and continued engagement.” “We’ll see more and more activists coming to Japan who want to tackle companies with big market valuations,” said Tsuyoshi Maruki, founder of Tokyo-based activist fund Strategic Capital Inc., speaking generally about recent trends. Asset Value Investors — Nihon Kohden London-based AVI took a stake in medical devices maker Nihon Kohden Corp. in late 2022, saying it had productive talks with the company and believed it could grow profits 14% annually, on average, over the next five years and boost its business overseas. This year could be pivotal for the investment, as Nihon Kohden is set to announce a new mid-term management plan in May that will test whether AVI’s engagement has paid off or spur it to step up its campaign. Adding to the plot is the disclosure last month that ValueAct, which had a successful campaign shaking up the board and business at medical products maker Olympus Corp., had also taken a stake in Nihon Kohden. “We might have to explore whether to be more proactive if the mid-term plan disappoints,” said Daniel Lee, head of Japan research at AVI. A Nihon Kohden representative declined to comment about specific shareholders. Ariake Capital — Chiba Kogyo Bank Ariake Capital is relatively new to the activism scene in Japan. Founded by Goldman Sachs Group Inc. alumni and based in Tokyo, the investment fund is solely focused on unlocking value at Japan’s numerous regional banks — notorious for being inefficient with little prospects for growth, following years under the Bank of Japan’s negative interest-rate policy. Pressure from the Tokyo Stock Exchange to boost price-to-book ratios and the possibility of a change in the BOJ’s monetary policy have increased investor interest in bank stocks, Ariake’s Chief Investment Officer Katsunori Tanaka said in an email, adding that the company has been friendly in its engagement with regional banks. “We intend to be proactive in making additional investments this year.” One of Ariake’s recent stakes has focused on Chiba Kogyo Bank Ltd., asking the bank to improve employee incentives and revamp certain loan business segments. In November, Chiba Kogyo said it would review its mortgage operation, which Tanaka said was “just the first step” in a tweet. A Chiba Kogyo spokesperson said the bank was building a relationship with Ariake, and did not consider the fund to be an activist investor. Nippon Active Value Fund — Fuji Media Nippon Active Value Fund and Dalton Investments, both overseen by investor Jamie Rosenwald, disclosed a joint 5% stake in broadcast company Fuji Media Holdings Inc. in December and said it may make proposals to the broadcaster in the future. Japanese broadcasters make interesting but complex targets because they sit on assets like content intellectual property and large real estate holdings, and are subject to a law that prevents foreign investors from owning more than 20%. Fuji Media shares trade at around 0.4 times the book value of its assets. Rosenwald declined to give more details on the investment. Fuji Media declined to comment on dialogue with specific investors. --With assistance from Hideyuki Sano, Adam Kommel and Takahiko Hyuga. (Updates with comment from Palliser Capital.) Most Read from Bloomberg Businessweek Tropical Underworld: The Murder Case That Could Topple an Alleged Crime Empire Elon Musk’s Alleged Drug Use Comes Under a Microscope Is There Any Hope for Hollywood? Private Equity’s Horrible, No-Good ’23 Set to Continue Into ’24 Trumponomics 2.0: What to Expect If Trump Wins the 2024 Election ©2024 Bloomberg L.P. 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:** ['On Valentine\'s Day, investors expressed their love for all things crypto by trading up -- substantially, in numerous cases -- the prices of digital coins and tokens, plus the securities of companies associated with digital money.\nLeading altcoinEthereum(CRYPTO: ETH)was a beneficiary, as it was sailing 5.4% higher in late afternoon trading. While that gain was impressive, it didn\'t hold a candle to crypto mining equipment specialistCanaan(NASDAQ: CAN), whose American Depositary Receipts (ADRs) closed the day almost 32% higher. Behind Canaan, minerTeraWulf(NASDAQ: WULF)rose by more than 12%.\nBitcoin(CRYPTO: BTC)is the world\'s first cryptocurrency, and a decade-and-a-half after its introduction it\'s still by far the most influential one. When it does well, more often than not other coins and tokens, plus cryptocurrency mining companies, tend to fall in lockstep.\nHappily for holders of those assets,Bitcoinwas quite the standout on Wednesday. After a bit of a slump Tuesday it again leapt the $50,000 mark, settling comfortably at just shy of $52,000 late in the day. The stream of investment intospot Bitcoin exchange-traded funds (ETFs)has shown no sign of ebbing, and what\'s good for those securities is grand for their foundational asset.\nOther factors are keeping the buy fire burning. Wednesday morning, online crypto news outlet Coindesk.com reported that European Union (E.U.) officials had drafted and circulated a document on an upcoming meeting of the E.U.\'s financial services committee. This event, scheduled to take place in April, will concern cryptocurrency regulation in the 27-country economic bloc.\nAccording to Coindesk, the paper outlines discussion points for the meeting. These include topics such as licensing and the implementation of the recently enacted Markets in Crypto Assets set of laws. Most intriguingly, there is mention of a digital euro; presumably this would be the "official" E.U.-wide cryptocurrency.\nThe E.U. document is only the latest in a string of indications that top regulators around the world are not only taking cryptos seriously, they are also accepting that these assets are part of the fabric of their economies. As these assets become more accepted and entrenched, we can also see markets like Europe adopting the latest crypto innovations.\nWhich leads to a question: Are spot crypto ETFs about to start being developed overseas too?\nI think it\'s more than likely. There\'s a curiosity and hunger for crypto around the world, yet a major stumbling block remains the software and tech know-how required to simply transact in coins and tokens. At a stroke, spot ETFs remove this requirement, as they are securities easily traded on exchanges. We are only at the beginning of the spot crypto ETF revolution.\nShould you invest $1,000 in Ethereum right now?\nBefore you buy stock in Ethereum, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Ethereum wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has\xa0more than tripled\xa0the return of S&P 500 since 2002*.\nSee the 10 stocks\n*Stock Advisor returns as of February 12, 2024\nEric Volkmanhas positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has adisclosure policy.\nWhy Altcoins and Crypto Mining Stocks Were on Fire Todaywas originally published by The Motley Fool', 'Top 10 Creations (All ETFs)\n[{"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Net Flows ($, mm)": "483.54", "AUM ($, mm)": "406,186.30", "AUM % Change": "0.12%"}, {"Ticker": "XLF", "Name": "Financial Select Sector SPDR Fund", "Net Flows ($, mm)": "466.95", "AUM ($, mm)": "36,568.72", "AUM % Change": "1.28%"}, {"Ticker": "TLT", "Name": "iShares 20+ Year Treasury Bond ETF", "Net Flows ($, mm)": "412.69", "AUM ($, mm)": "49,925.53", "AUM % Change": "0.83%"}, {"Ticker": "VCSH", "Name": "Vanguard Short-Term Corporate Bond ETF", "Net Flows ($, mm)": "293.03", "AUM ($, mm)": "36,409.83", "AUM % Change": "0.80%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Net Flows ($, mm)": "250.72", "AUM ($, mm)": "4,180.86", "AUM % Change": "6.00%"}, {"Ticker": "JAAA", "Name": "Janus Henderson AAA CLO ETF", "Net Flows ($, mm)": "221.94", "AUM ($, mm)": "6,491.63", "AUM % Change": "3.42%"}, {"Ticker": "DIA", "Name": "SPDR Dow Jones Industrial Average ETF Trust", "Net Flows ($, mm)": "174.07", "AUM ($, mm)": "33,301.88", "AUM % Change": "0.52%"}, {"Ticker": "XLC", "Name": "Communication Services Select Sector SPDR Fund", "Net Flows ($, mm)": "162.35", "AUM ($, mm)": "17,549.30", "AUM % Change": "0.93%"}, {"Ticker": "SMH", "Name": "VanEck Semiconductor ETF", "Net Flows ($, mm)": "142.72", "AUM ($, mm)": "14,688.56", "AUM % Change": "0.97%"}, {"Ticker": "ARKB", "Name": "ARK 21Shares Bitcoin ETF", "Net Flows ($, mm)": "136.46", "AUM ($, mm)": "1,021.88", "AUM % Change": "13.35%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Net Flows ($, mm)": "-3,659.31", "AUM ($, mm)": "486,854.43", "AUM % Change": "-0.75%"}, {"Ticker": "VTI", "Name": "Vanguard Total Stock Market ETF", "Net Flows ($, mm)": "-1,226.42", "AUM ($, mm)": "368,729.92", "AUM % Change": "-0.33%"}, {"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "-306.02", "AUM ($, mm)": "252,399.52", "AUM % Change": "-0.12%"}, {"Ticker": "TFLO", "Name": "iShares Treasury Floating Rate Bond ETF", "Net Flows ($, mm)": "-293.11", "AUM ($, mm)": "9,040.91", "AUM % Change": "-3.24%"}, {"Ticker": "VB", "Name": "Vanguard Small-Cap ETF", "Net Flows ($, mm)": "-186.28", "AUM ($, mm)": "51,448.51", "AUM % Change": "-0.36%"}, {"Ticker": "IVV", "Name": "iShares Core S&P 500 ETF", "Net Flows ($, mm)": "-176.29", "AUM ($, mm)": "435,416.56", "AUM % Change": "-0.04%"}, {"Ticker": "XLP", "Name": "Consumer Staples Select Sector SPDR Fund", "Net Flows ($, mm)": "-171.86", "AUM ($, mm)": "15,615.36", "AUM % Change": "-1.10%"}, {"Ticker": "TQQQ", "Name": "ProShares UltraPro QQQ", "Net Flows ($, mm)": "-168.96", "AUM ($, mm)": "22,378.35", "AUM % Change": "-0.76%"}, {"Ticker": "IVW", "Name": "iShares S&P 500 Growth ETF", "Net Flows ($, mm)": "-168.40", "AUM ($, mm)": "38,120.94", "AUM % Change": "-0.44%"}, {"Ticker": "XBI", "Name": "SPDR S&P Biotech ETF", "Net Flows ($, mm)": "-147.95", "AUM ($, mm)": "6,956.12", "AUM % Change": "-2.13%"}]\nETF Daily Flows By Asset Class\n[{"": "Alternatives", "Net Flows ($, mm)": "2.32", "AUM ($, mm)": "6,887.25", "% of AUM": "0.03%"}, {"": "Asset Allocation", "Net Flows ($, mm)": "5.85", "AUM ($, mm)": "17,095.53", "% of AUM": "0.03%"}, {"": "Commodities", "Net Flows ($, mm)": "23.74", "AUM ($, mm)": "124,432.81", "% of AUM": "0.02%"}, {"": "Currency", "Net Flows ($, mm)": "428.78", "AUM ($, mm)": "35,769.62", "% of AUM": "1.20%"}, {"": "International Equity", "Net Flows ($, mm)": "151.15", "AUM ($, mm)": "1,376,749.47", "% of AUM": "0.01%"}, {"": "International Fixed Income", "Net Flows ($, mm)": "504.11", "AUM ($, mm)": "173,452.86", "% of AUM": "0.29%"}, {"": "Inverse", "Net Flows ($, mm)": "-220.00", "AUM ($, mm)": "13,868.72", "% of AUM": "-1.59%"}, {"": "Leveraged", "Net Flows ($, mm)": "-425.53", "AUM ($, mm)": "89,058.47", "% of AUM": "-0.48%"}, {"": "U.S. Equity", "Net Flows ($, mm)": "-4,888.61", "AUM ($, mm)": "5,173,463.78", "% of AUM": "-0.09%"}, {"": "U.S. Fixed Income", "Net Flows ($, mm)": "876.82", "AUM ($, mm)": "1,361,308.40", "% of AUM": "0.06%"}, {"": "Total:", "Net Flows ($, mm)": "-3,541.37", "AUM ($, mm)": "8,372,086.90", "% of AUM": "-0.04%"}]\nDisclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.\nPermalink| © Copyright 2024etf.com.All rights reserved', 'By Ankur Banerjee\nSINGAPORE, Feb 15 (Reuters) - Asian stocks rose on Thursday, with the Nikkei breaching a new 34-year peak, while the dollar took a breather near a three-month high as markets assess when the Federal Reserve is likely to start its easing cycle after a run of strong economic data.\nMSCI\'s broadest index of Asia-Pacific shares outside Japan rose 0.7%, with the IT index surging more than 2%. Taiwan stocks spiked 2.6% higher, with chipmaker TSMC up nearly 8%.\nHong Kong\'s Hang Seng Index eased 0.67% in early trading. China\'s markets are closed for the week due to the Lunar New Year holidays.\nOn Wednesday, Wall Street ended sharply higher as ride-hailing platforms Lyft and Uber rallied, while Nvidia displaced Alphabet as the U.S. stock market\'s third-most valuable company.\nJapan\'s Nikkei remains on the charge and rose in early trading to 38,127, its highest since January 1990 and was inching closer to surpass its record high.\nThe yen edged higher but traded near the psychologically important 150 per dollar level. The yen was last at 150.26 per dollar.\nThe 150 level on the pair has been seen in the past as a potential catalyst for intervention by Japanese monetary authorities. It was just past this level that led them to intervene to shore up the yen in late 2022.\nData on Thursday showed Japan\'s economy slipped into recession as it unexpectedly shrank for a second straight quarter on weak domestic demand, raising uncertainty about the central bank\'s plans to exit its ultra-easy policy this year.\nThe market\'s expectations for a March/April rate hike will likely die down, according to ING economists, who maintained their Bank of Japan call for a June rate hike but with the growing possibility of delay to the third quarter of 2024.\n"Inflation is also slowly easing, which, combin **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: 2024-02-15 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,025,811,928,138 - Hash Rate: 605343973.9976323 - Transaction Count: 303306.0 - Unique Addresses: 612859.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: According to every key benchmark, the new spotBitcoin(CRYPTO: BTC)exchange-traded funds (ETFs) appear to be a remarkable success. In just the first few days, they attracted more than $1 billion in assets. Trading volume has been "insane," according to market participants. And even though Bitcoin actually fell 12% in the week after the introduction of these ETFs, investor appetite still appears to be very strong. However, there are twoBitcoin ETFrisks that you won't hear a lot of people talking about. And either could affect how well your investment performs over time. The primary purpose of the newETFsis to give you exposure to the performance of Bitcoin. If Bitcoin goes up by 10%, your ETF should go up by 10%. And if Bitcoin goes down by 10%, your ETF should go down by 10%. While it might be naive to expect an exact 1:1 match in price, the difference should be fairly negligible, right? And yet, over the first week of trading, the performances of the different Bitcoin ETFs have sometimes been all over the place. I first noticed this when watching an analyst on CNBC explain why the price of Bitcoin was down while in the background, all the tickers for the Bitcoin ETFs were flashing different numbers! For example, the new offering fromBlackRock(NYSE: BLK), theiShares Bitcoin Trust(NASDAQ: IBIT), was down 6%. The new offering from VanEck, theVanEck Bitcoin Trust ETF(NYSEMKT: HODL), was down 7%. And theWisdomTree Bitcoin Trust(NYSEMKT: BTCW), was down 12%. What concerns me is not that the ETFs are down. That's to be expected, with the price of Bitcoin down. What concerns me is that performance can vary so widely. Such discrepancies are known as tracking errors, and they highlight the potential difficulty of tracking Bitcoin. Keep in mind that Bitcoin is a truly global asset that trades 24 hours a day. That makes it harder to track than, say, theS&P 500index, which trades during regular market hours. The other risk is called custodial risk. This is the risk of incurring a loss on your assets in the event of a custodian's insolvency, negligence, fraud, poor cybersecurity standards, or inadequate record-keeping. This matters because the custodian for much of the Bitcoin held by the big Wall Street players will be cryptocurrency exchangeCoinbase Global(NASDAQ: COIN). In fact, eight of the 11 Bitcoin ETFs have chosen Coinbase as their custodian. To conceptualize this, imagine Coinbase having a vast digital vault filled with safe deposit boxes where 70% of Wall Street's Bitcoin is being held. In this analogy, each safe deposit box would correspond to a different blockchain wallet and could be opened only with the right cryptographic keys. This doesn't sound risky, but to understand what could go wrong, all you have to do is think back to November 2022, when cryptocurrency exchangeFTXwent belly up. As it turns out, the crypto exchange was commingling customer funds with funds from its own trading desk. And there are plenty of examples from the early days of Bitcoin, when cybercriminals specifically targeted large crypto exchanges such as Mt. Gox in order to steal Bitcoin. This is not to say that there excessive risk right now with Coinbase Global. I'm sure that multiple layers of security protect the Bitcoin holdings. But articles musing about the potential for something to go very wrong have already appeared in financial media. What if, for example, cybercriminals decide to target Coinbase as part of some coordinated hacking exploit to steal Wall Street's crypto? Perhaps the biggest takeaway here is that it's important to understand what you're buying before you buy it. You don't need in-depth knowledge of how the crypto market works or even how an ETF works, but you should have a basic understanding of the potential risks of buying Bitcoin via an ETF. That said, I'm still long-term bullish on Bitcoin. But I'll definitely be keeping a close eye on how Wall Street deals with any potential risks unique to the new spot Bitcoin ETFs. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now... and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of January 16, 2024 Dominic Basultohas positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool has adisclosure policy. Should You Buy the New Bitcoin ETFs? Consider These 2 Riskswas originally published by The Motley Fool... - Reddit Posts (Sample): [['u/veganbitcoiner420', 'If you are new to Bitcoin and in your early 20s or mid 20s... do this:', 68, '2024-02-15 00:34', 'https://www.reddit.com/r/Bitcoin/comments/1ar192z/if_you_are_new_to_bitcoin_and_in_your_early_20s/', '1,000,000 Satoshis is your "bank account is zero" amount.\n\nHold that for 3 halvings MINIMUM.\n\nDon\'t touch your first 1,000,000 satoshis\n\nHaving 1,000,000 satoshis in 10 years (3 more halvings) will be lifechanging to someone who is 18-23 right now.\n\nSimilarly if you are in your mid 20s and can get to 10,000,000 satoshis make that your "bank account is zero" amount. Hold that for 3 halvings minimum. \n\n​\n\n​', 'https://www.reddit.com/r/Bitcoin/comments/1ar192z/if_you_are_new_to_bitcoin_and_in_your_early_20s/', '1ar192z', [['u/veganbitcoiner420', 28, '2024-02-15 00:47', 'https://www.reddit.com/r/Bitcoin/comments/1ar192z/if_you_are_new_to_bitcoin_and_in_your_early_20s/kqgktju/', 'No it just the smallest unit of 1 Bitcoin.\n\n1 dollar = 100 pennies\n\n1 bitcoin has 100,000,000 satoshis\n\nWhen you buy bitcoin unless you have literally 51,800 buckaroos right now you cant get 100,000,000 satoshis.\n\nBut if you have 51 bucks you can get 100,000 satoshis\n\nThats a good deal. When you are in your 30s you can tell the 20 year olds you were stacking 100,000 satoshis for 51 bucks\n\nIt will be hilarious', '1ar192z'], ['u/DJTicklePitt', 74, '2024-02-15 01:40', 'https://www.reddit.com/r/Bitcoin/comments/1ar192z/if_you_are_new_to_bitcoin_and_in_your_early_20s/kqgsuc5/', 'I’m new to BTC and 20 yrs old. After thorough research I now own .6 BTC at and average price of 43,800. I am now DCAing 100$ a week and will be holding forever.', '1ar192z'], ['u/analogOnly', 24, '2024-02-15 01:56', 'https://www.reddit.com/r/Bitcoin/comments/1ar192z/if_you_are_new_to_bitcoin_and_in_your_early_20s/kqgv4u4/', 'I am in my late 30s have over 100,000,000 satoshis it\'s my "bank account is zero" amount. By my calculations I will need at least $3,500,000 USD by today\'s value. (I am married have children and own zero investment property (RE) - that\'s why my number is high)', '1ar192z'], ['u/rock-island321', 12, '2024-02-15 02:04', 'https://www.reddit.com/r/Bitcoin/comments/1ar192z/if_you_are_new_to_bitcoin_and_in_your_early_20s/kqgwc3j/', 'In 20 years, your 1 btc will do you very nicely for retirement.', '1ar192z'], ['u/fbacaleb', 29, '2024-02-15 02:27', 'https://www.reddit.com/r/Bitcoin/comments/1ar192z/if_you_are_new_to_bitcoin_and_in_your_early_20s/kqgzq6p/', 'Damn you have more than me and I’m 24 good job man', '1ar192z'], ['u/Sunnyjim333', 37, '2024-02-15 03:02', 'https://www.reddit.com/r/Bitcoin/comments/1ar192z/if_you_are_new_to_bitcoin_and_in_your_early_20s/kqh4x42/', 'What a great time to be alive. I am at the other end of old age, I wish I could see what BTC willbe like 20 years from now.\n\nBuy SATS and HODL yunguns.', '1ar192z'], ['u/Sunnyjim333', 16, '2024-02-15 03:12', 'https://www.reddit.com/r/Bitcoin/comments/1ar192z/if_you_are_new_to_bitcoin_and_in_your_early_20s/kqh6axu/', 'When I was your age in 1978, if you had $100,000.00 you could retire on the interest and live a comfortable life. Asuming you had a pension and Social Security.\n\nSadly, you probably will not have those, so BTC and your 401k is all you are going to get.\n\nYou will probably need more to retire by then, but I hope BTC will be your ticket to freedom.\n\nIn 2024 1/2 to one million is a comfortable retirement if you own your own home, are in good health, and live modestly and have no debt.', '1ar192z'], ['u/Sunnyjim333', 10, '2024-02-15 03:14', 'https://www.reddit.com/r/Bitcoin/comments/1ar192z/if_you_are_new_to_bitcoin_and_in_your_early_20s/kqh6neu/', "Oh, the good old days when you could buy 1,000,000 SATS for $510.00\n\nWhy didn't we sell the kids and take out a 3rd mortgage?", '1ar192z'], ['u/bobbyv137', 11, '2024-02-15 15:02', 'https://www.reddit.com/r/Bitcoin/comments/1ar192z/if_you_are_new_to_bitcoin_and_in_your_early_20s/kqj8ika/', 'Lol. Such nonsense. Typical moon boy math lost in delusion. \n\nOne Bitcoin is $50k. 1,000,00 sats today is $500. \n\nYou say holding that 1m sats for 10 years will be “life changing” for someone in the mid 20s or younger. \n\nLet’s assume in the absolutely insane outcome, Bitcoin is $5m per coin in just 10 years thus $100 trillion market cap (hint: it won’t be). \n\nThose 1m are now worth $50k. So yes, that person has undoubtedly invested their money well by turning $500 into $50k. \n\nBut, if Bitcoin is $5m a coin, what is that $50k actually going to buy you? How is it going to be “life changing”?', '1ar192z']]], ['u/Far_Breakfast_5808', "What is up with the Bitcoin proponents' obsession with gold? Is it a libertarian thing? The part about asking if it's a libertarian thing is serious by the way.", 46, '2024-02-15 00:54', 'https://www.reddit.com/r/Buttcoin/comments/1ar1q5t/what_is_up_with_the_bitcoin_proponents_obsession/', "I'm asking/wondering because I know libertarians are known for liking gold and the gold standard in particular, and many Bitcoin/crypto proponents are libertarians, so I was wondering if there was a connection between Bitcoin, libertarianism, and the obsession with gold, or if it's just a coincidence. By contrast, most people I see who aren't into bitcoin aren't so obsessed with gold and instead are into other kinds of assets and securities like stocks.", 'https://www.reddit.com/r/Buttcoin/comments/1ar1q5t/what_is_up_with_the_bitcoin_proponents_obsession/', '1ar1q5t', [['u/Evinceo', 60, '2024-02-15 01:15', 'https://www.reddit.com/r/Buttcoin/comments/1ar1q5t/what_is_up_with_the_bitcoin_proponents_obsession/kqgp13h/', "It's a libertarian thing and it predates Bitcoin. Bitcoin borrows a lot of Gold Fan ideas, just replacing gold with Bitcoin.\n\n\n_50 Foot Blockchain_ ought to be required reading, I believe it goes into the Austrian Economics thing in great detail.", '1ar1q5t'], ['u/Val_Fortecazzo', 10, '2024-02-15 01:26', 'https://www.reddit.com/r/Buttcoin/comments/1ar1q5t/what_is_up_with_the_bitcoin_proponents_obsession/kqgqpai/', 'Yeah its part of bitcoins lolbertarian DNA. They believe in austrian economics quackery.', '1ar1q5t'], ['u/Unfriendly_eagle', 45, '2024-02-15 01:28', 'https://www.reddit.com/r/Buttcoin/comments/1ar1q5t/what_is_up_with_the_bitcoin_proponents_obsession/kqgqx5k/', 'Bitcoin weirdos love to compare Bitcoin to things that have actual value, and aren\'t just made up. They do this by pointing out how everything else is just made up. I know a Bitcoin kook who constantly tweets "gold is just a shiny metal", but if you reply that "Bitcoin is just strings of digital data" he loses his mind.', '1ar1q5t'], ['u/Evinceo', 37, '2024-02-15 01:30', 'https://www.reddit.com/r/Buttcoin/comments/1ar1q5t/what_is_up_with_the_bitcoin_proponents_obsession/kqgr7m4/', "Goldbug lore is written by and for libertarians, that's why. Bitcoin lore started out as a copypasta of goldbug lore with a cyberpunk aesthetic.", '1ar1q5t'], ['u/Evinceo', 19, '2024-02-15 01:37', 'https://www.reddit.com/r/Buttcoin/comments/1ar1q5t/what_is_up_with_the_bitcoin_proponents_obsession/kqgsc3o/', "I mean, it is a shiny metal that _stays shiny_. That's why it's so obsessed over. If brass didn't tarnish we'd just use that.", '1ar1q5t'], ['u/Xirema', 24, '2024-02-15 01:44', 'https://www.reddit.com/r/Buttcoin/comments/1ar1q5t/what_is_up_with_the_bitcoin_proponents_obsession/kqgte4q/', "[To quote the great Dan Olson:](https://youtu.be/ihvG3RgbYzE?t=508)\n\n>Despite the popularity of gold amongst people who own doomsday bunkers, the rationale that they’re working from isn’t un-sound. If you were an investor back in the Netherlands in 1635, which asset would deliver a better return over almost 400 years, tulips or gold? In the long run you can be pretty confident that any gold you have will still be abstractly valuable in the indeterminate future. \n\nBasically, gold has a lot of useful intrinsic properties that mean that any mass of gold you have is probably always going to have some degree of intrinsic economic value, in a way that's not always true of most other measures of value. Government-issued money can depreciate (or be rendered worthless by a revolution), most other commodities tend to decay to entropy a lot faster... etc. and so on. Gold has intrinsic value and is pretty likely to continue to have intrinsic value 5/10/20/50/100 years from now. \n\nOf course, it's bad if your plan is to *actually have a highly liquid economic structure*, i.e. our modern highly capitalistic society. Bitcoin reproduces one of the fundamental flaws of a gold-based economic model, which is that for any and all purchases *some amount of* gold has to exchange hands; so for example, internet shopping, Credit Cards, all of that stuff: basically impossible in a gold-based economy because of how slow it is to exchange money.\n\nYou know, just to name one of the countless flaws in their proselytizing of The Gold Standard.", '1ar1q5t'], ['u/Far_Breakfast_5808', 17, '2024-02-15 01:48', 'https://www.reddit.com/r/Buttcoin/comments/1ar1q5t/what_is_up_with_the_bitcoin_proponents_obsession/kqgtzzs/', "Even if gold wasn't used for jewelry, it also has multiple practical applications in things like dentistry and electronics. It's actually useful and has utility at least.", '1ar1q5t'], ['u/happyscrappy', 16, '2024-02-15 01:56', 'https://www.reddit.com/r/Buttcoin/comments/1ar1q5t/what_is_up_with_the_bitcoin_proponents_obsession/kqgv5xk/', "Yes. Butters are just another version of [goldbugs](https://en.wikipedia.org/wiki/Gold_bug). And hence they don't share a lot of behavior with those who do not have this mentality.", '1ar1q5t'], ['u/sciolycaptain', 22, '2024-02-15 01:58', 'https://www.reddit.com/r/Buttcoin/comments/1ar1q5t/what_is_up_with_the_bitcoin_proponents_obsession/kqgvil4/', "Yeah, but if it were just for it's industrial uses, the price would be a lot lower.\n\n\nIt has has huge cultural signifying because i... 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:** ["Coinbase Global(NASDAQ: COIN)Q4 2023 Earnings CallFeb 15, 2024,5:30 p.m. ET\n• Prepared Remarks\n• Questions and Answers\n• Call Participants\nOperator\nGood afternoon. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to the Coinbase fourth quarter and full year 2023 earnings call. All lines have been placed on mute to prevent any background noise.\nAfter the speakers' remarks, there will be a question-and-answer session. [Operator instructions] Anil Gupta, vice president, investor relations, you may begin your conference.\nAnil Gupta--Vice President, Investor Relations\nGood afternoon, and welcome to the Coinbase fourth quarter and full year 2023 earnings call. Joining me on today's call are Brian Armstrong, co-founder and CEO; Emilie Choi, president and COO; Alesia Haas, CFO; and Paul Grewal, chief legal officer. I hope you've all had the opportunity to read our shareholder letter, which was published on our investor relations website earlier today. Before we get started, I'd like to remind you that during today's call, we may make forward-looking statements.\nActual results may vary materially from today's statements. Information concerning risks, uncertainties, and other factors that could cause these results to differ is included in our SEC filings. Our discussion today will also include references to certain non-GAAP financial metrics. Reconciliations to the most directly comparable GAAP financial measures are provided in the shareholder letter on our investor relations website.\nShould you invest $1,000 in Coinbase Global right now?\nBefore you buy stock in Coinbase Global, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Coinbase Global wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has\xa0more than tripled\xa0the return of S&P 500 since 2002*.\nSee the 10 stocks\n*Stock Advisor returns as of February 12, 2024\nNon-GAAP financial measures should be considered in addition to, not as a substitute for GAAP measures. We are once again using safe technologies to enable our shareholders to ask questions. In addition, we will take some live questions from our research analysts. And with that, I'll turn it over to Brian for opening comments.\nBrian Armstrong--Co-Founder and Chief Executive Officer\nThanks, Anil. I'm proud to say that in 2023, we cut costs by 45% year over year and managed to ship products faster with a lean team. This led to $95 million of positive net income for 2023, $964 million in positive adjusted EBITDA, and total revenue of $3.1 billion. Coinbase has always taken a long-term approach focusing on building in a compliant manner even when it wasn't the popular choice.\nMany of our competitors cut corners and broke laws to get big fast, and we've seen how that strategy played out. By contrast, Coinbase has now established itself as the trusted leader in crypto. I've always said that crypto adoption will happen in three phases, and I want to touch on what we did in 2023 to help drive each of those. In Phase 1, crypto is a new asset class that people want to trade.\nCrypto trading has been a major revenue driver for the industry, and Coinbase is the leader in spot trading in the US But in 2018, derivatives trading became the majority of crypto trading volume. It took us longer to do it in a compliant way, but I'm happy to report that in 2023, we have now launched derivatives trading globally. In Q2, we launched Coinbase International Exchange, which offers derivatives trading to non-US customers. And in Q4, we launched Coinbase Financial Markets, which offers regulated futures trading in the US.\nWe also expanded our trading products around the world by getting new licenses. In 2023, we launched operations or received licenses or registrations in Bermuda, Brazil, Canada, France, Singapore, and Spain. Most of the world's capital is held in institutions. And in 2023, we also meaningfully improved our institutional trading products.\nWith Coinbase Prime, we grew our institutional financing products. We launched Coinbase Asset Management. We even played a key role in the approval of the Bitcoin ETF as Coinbase was selected as the custodian in 8 of 11. This will unlock new pools of capital to flow into the crypto space with Coinbase playing a key role here.\nWe're earning revenue, not just on custody, but also on trading and financing. We've already seen great demand as Bitcoin is now the second largest ETF commodity in the US, surpassing silver. All of these improvements will continue to grow Phase 1, crypto as a new asset class. The second, Coinbase is not just a new asset class, it's also powering new financial services.\nAnd in 2023, stablecoins began to be used in global payments. We launched the ability to send free instant global payments on USD coin using base. We're now in the process of integrating this into our products to make payments of a first-class experience. And in August, we entered into an arrangement with Circle to help expand the utility of USD coin, which is now launched on over a dozen blockchains and is the second largest stablecoin with a market cap of $28 billion.\nIn the third phase and final phase, we believe crypto will also be a new application platform for the Internet. Over time, the Internet has become more and more centralized with big companies. The Internet also didn't start with a native form of money or payments or value built in. So we got credit cards bolted on as an afterthought.\nAnd the number of associated issues like fees, fraud, chargebacks, limited ability to send microtransactions or do cross-border commerce and that led to the rise of ad-based business models. Crypto is decentralizing the Internet with a new set of protocols for money, identity, messaging, social media, content, governance and even voting. And Coinbase is trying to help accelerate this trend in a number of ways. In 2023, we launched our own Layer 2 solution called Base.\nThis will help blockchain scale to $1 billion or more users, bringing down transaction costs and confirmation times similar to the Internet going from dial-up to broadband. We also launched improvements in Coinbase wallet. For instance, we made it easier to find and use decentralized applications or dApps. For instance, with one tap, you can now open and adapt and you're already signed in and you have your wallet connected.\nThere's no sign-up process for each app or having to type your credit card details into each app. It's still early days for crypto as an application platform and many of the early applications look like toys, but it has captured the imagination and hearts of developers, and Coinbase is one of the few companies who can bring together all the decentralized protocols into a compelling customer experience, which is what we're attempting to do with Coinbase Wallet. So that's how we see crypto evolving. First, as a new asset class, second is a new set of financial services; and third is a new application platform.\nIn 2023, I also said regulatory clarity was a top priority, and I want to give you a quick update on this. The majority of G20 countries now have crypto legislation either already passed or being drafted. And this is really great progress. In the US, there are even two bills going through Congress now with strong bipartisan support.\nCoinbase, along with other players in the crypto space, contributed to an $85 million super pack designed to elect pro-crypto candidates in this upcoming US election. And we helped create standwithcrypto.org, a grassroots movement for crypto advocates in the US. Their goal is to get to 1 million voters who want to stand for crypto in the 2024 elections. They're at 30% of that goal today with about 300,000 members and it's growing every week.\nIn the US, we're still working our way through the court system to get clarity there. But in the meantime, we're continuing to grow our business. Anecdotally, it's something our customers come up with and thank me for the most, leading the charge to get regulatory clarity in the US. We remain confident the US will get this right.\nwhether it comes from the courts, creating new case law, Congress passing new legislation, or ultimately the 52 million Americans who've used crypto voting in this upcoming election. Looking ahead to 2024 for a moment, I'd like to share a few of our top priorities for the year in closing. Our first priority will be to drive revenue, especially growing our two largest revenue streams, trading fees, and stablecoins. We'll do this with international expansion, growing derivatives and spot trading and more deeply integrating USD coin into the crypto economy.\nBy continuing to drive revenue growth, it allows us to fund some of our other priorities and the utility aspects of crypto. Our second priority is going to be to keep driving utility in crypto. This year, we'll be experimenting with payments as a use case. We're starting to see adoption of USD stablecoins in emerging markets, especially those with high inflation -- and customers can now send USD coin for free instantly anywhere in the world on base.\nThis has the potential to make global payments much lower friction, reducing fees. We'll also keep supporting developers building on Base. For instance, just recently, we've seen a surge of activity on the decentralized social media protocol Farcaster, and the majority of developers are now building what are called frames on Farcaster using base. We'll also be investing in Coinbase Wallet, our self-custodial app, where many of the early utility applications like decentralized so **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: 2024-02-16 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,019,061,437,200 - Hash Rate: 544386616.4219546 - Transaction Count: 312782.0 - Unique Addresses: 613011.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Sales of previously owned US homes fell in December, capping the worst year for the housing market in nearly three decades. Most Read from Bloomberg Putin Orders Hunt for Property of Russian Empire, Soviet Union S&P 500 Hits All-Time High in Historic Bull Run: Markets Wrap China’s $6.3 Trillion Stock Selloff Is Getting Uglier by the Day Musk’s AI Startup Secures $500 Million Toward $1 Billion Funding Goal Ford Cuts Workforce Making Electric F-150s on Weak Demand Contract closings decreased 1% from a month earlier to a 3.78 million annualized rate, according to National Association of Realtors data released Friday. For all of 2023, sales slipped back to the lowest level since 1995. Back then, there were roughly 74 million fewer people in the country and the median home price was about $114,600, less than a third of what it is now. The housing market — one of the most interest-rate sensitive parts of the economy — reeled last year as the Federal Reserve raised borrowing costs to the highest level since the early 2000s. Policymakers have since pivoted toward cutting rates, sending mortgage rates down from a peak near 8% in October. But many existing homeowners are still hesitant to list their properties and move until rates fall further. “The latest month’s sales look to be the bottom before inevitably turning higher in the new year,” said NAR Chief Economist Lawrence Yun. “Mortgage rates are meaningfully lower compared to just two months ago, and more inventory is expected to appear on the market in upcoming months.” Picking Up Yun noted that activity is picking up, and data this week showed mortgage applications for home purchases climbed to the highest level since July. Homebuilder sentiment has improved as well, which should help boost inventory of new construction. A separate report Friday showed US consumer sentiment soared in early January to the highest since 2021 as short-term inflation expectations slipped to a three-year low. The share of respondents to the University of Michigan survey with a favorable view of homebuying conditions rose by the most in two years. Story continues Last month, the number of previously owned homes for sale dropped to 1 million, the lowest since March. At the current sales pace, selling all the properties on the market would take 3.2 months. Realtors see anything below five months of supply as indicative of a tight resale market. That lack of inventory is helping to keep prices elevated. The median selling price climbed to $382,600 in December from a year ago, reflecting increases in all four regions. Prices hit a record of $389,800 in 2023. Some 56% of the homes sold were on the market for less than a month. Properties remained on the market for 29 days, compared with 25 days in November. In the resale market, “a full recovery to the pre-pandemic sales rate is expected to take years,” according to new projections from Fannie Mae, which cited the high cost of homes relative to people’s incomes. Existing-home sales account for the majority of purchases and are based on contract closings. Data on new-home sales, which reflect contract signings, are due next week. (Corrects label in graphic to reflect price is in thousands of US dollars) Most Read from Bloomberg Businessweek The Downfall of Diddy Inc. How Sweden Quit Smoking Without Quitting Nicotine The Bitcoin Hype Is Back and About Just as Hollow as Before Japan’s Market Roars Back to Life—With Old-Timers Leading the Way ©2024 Bloomberg L.P.... - Reddit Posts (Sample): [['u/Lqtence', 'Is investing into SOL right now a good decision?', 17, '2024-02-16 00:54', 'https://www.reddit.com/r/solana/comments/1aru9g7/is_investing_into_sol_right_now_a_good_decision/', "Hi, i'm pretty new to cryptocurrency. \n\nI have about $100USD to invest, nothing too much and since 100USD is basically indifferent to BTC, i tried going for the other smaller coins that might bring in more percentage profit, which are still reliable and not a shitcoin.\n\nI know i'm quite late to the party, but do you guys believe it is just a bull run from here on up? Or is there any chance for the market to dip around March or so, again, i'm pretty clueless on this stuff. \n\nHow about ETH? Would that be a smart move to invest in or not and how does Sol compare with other coins such as Avalanche, XRP, Coinlink, etc.\n\nAny help would be greatly appreciated", 'https://www.reddit.com/r/solana/comments/1aru9g7/is_investing_into_sol_right_now_a_good_decision/', '1aru9g7', [['u/PhenomeNarc', 42, '2024-02-16 01:05', 'https://www.reddit.com/r/solana/comments/1aru9g7/is_investing_into_sol_right_now_a_good_decision/kqm3a6a/', "Brother, you're coming to a sub dedicated to Solana, asking if putting cash in now would be good.\n\nThe answer is yes.", '1aru9g7'], ['u/stepTOF', 10, '2024-02-16 01:13', 'https://www.reddit.com/r/solana/comments/1aru9g7/is_investing_into_sol_right_now_a_good_decision/kqm4hv5/', 'who ever told you this… (like the rest of us) doesnt have a crystal ball. \n\nCould dip to 40 or it rockets. \nAll I can say is, dont get left behind 🥳🥰', '1aru9g7']]], ['u/Lqtence', 'New to cryptocurrency, need help', 10, '2024-02-16 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/1aruinp/new_to_cryptocurrency_need_help/', "Hi, i'm pretty new to cryptocurrency.\n\nI have about $100USD to invest, nothing too much and since 100USD is basically indifferent to BTC, i tried going for the other smaller coins that might bring in more percentage profit, which are still reliable and not a shitcoin.\n\nWith this out of the way, what do you guys think, what type of portfolio would best suit my needs? Granted the low investment, I believe smaller cryptocurrencies would be the right call\n\nI've shortlisted a few, \n\nSol, AVAX, XRP, Chainlink, Cardano and ETH\n\nWhich one do you think is the best call and how should I diversify? + Is it the right time to invest at the moment, given we're anticipating a huge bull run in the near future. Are there any dips expected in the coming weeks, or should I just press the button and invest. \n\nSorry for the cluelessness, any help is appreciated\n\nThank you", 'https://www.reddit.com/r/CryptoCurrency/comments/1aruinp/new_to_cryptocurrency_need_help/', '1aruinp', [['u/Hank___Scorpio', 15, '2024-02-16 01:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1aruinp/new_to_cryptocurrency_need_help/kqm61jw/', "Sounds like your money is the problem you're having.\n\nMake more money. Gamble less.", '1aruinp'], ['u/Racenmotorsports', 21, '2024-02-16 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/1aruinp/new_to_cryptocurrency_need_help/kqm7nnh/', 'I threw 100 in btc last week. Made $24. 24% return not bad. Got to start somewhere.', '1aruinp'], ['u/Deez1putz', 17, '2024-02-16 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/1aruinp/new_to_cryptocurrency_need_help/kqme6u6/', 'Buy Bitcoin, get a job, buy more Bitcoin.', '1aruinp'], ['u/416_Ghost', 10, '2024-02-16 05:48', 'https://www.reddit.com/r/CryptoCurrency/comments/1aruinp/new_to_cryptocurrency_need_help/kqn7xaj/', "New to crypto? And I'm assuming new to the sub? Here's some advice, ignore your dm's", '1aruinp']]], ['u/klawzewitz', 'Lego Block Chain', 17, '2024-02-16 02:31', 'https://www.reddit.com/r/bsv/comments/1arwcbz/lego_block_chain/', 'Just a quick question. Maybe I missed, but I haven\'t seen anyone mention this point.\n\nOne of the witnesses today said he heard Craig say "Lego blockchain" therefore using this as an evidence that craig was somehow working on Bitcoin (which is a blockchain).\n\nEven when we ignore the fact that the term came much later, how is this even considered evidence?\n\nLet\'s agree that the guy actually heard Craig say that. Do you think he said "Lego blockchain", or "Lego block chain"?\n\nIn fact, it would be weird to say "Lego chain". When people refer to each individual lego piece they say "Lego blocks". If it\'s a chain made up of Lego blocks, it\'s "Lego block chain".\n\nNot "Lego Blockchain".', 'https://www.reddit.com/r/bsv/comments/1arwcbz/lego_block_chain/', '1arwcbz', [['u/anonymouscitizen2', 12, '2024-02-16 03:22', 'https://www.reddit.com/r/bsv/comments/1arwcbz/lego_block_chain/kqmo0fy/', 'Lego batman joker set. With Receipts.\n\nGoodbye COPA. You are finished.', '1arwcbz']]], ['u/QuantenMechaniker', 'Bank payment received & missed it', 25, '2024-02-16 02:33', 'https://www.reddit.com/r/mtgoxinsolvency/comments/1arwe6e/bank_payment_received_missed_it/', "X 1XXXX creditor here, i received my bank payment on the 26th of January and failed to realize that I got paid. Still can't really believe it but the money is in my account.\n\na couple of days ago, i also received word from Kraken that my account is in good standing. can't wait to see what little BTC I had left before the exchange went down finally returning to me.\n\nwhat a ride this last decade was. i remember sending a very angry email to the mt gox support in February 2014 for not receiving my funds.", 'https://www.reddit.com/r/mtgoxinsolvency/comments/1arwe6e/bank_payment_received_missed_it/', '1arwe6e', [['u/joncolours', 10, '2024-02-16 02:55', 'https://www.reddit.com/r/mtgoxinsolvency/comments/1arwe6e/bank_payment_received_missed_it/kqmk02z/', 'Either you’re really rich or the payment was inconsequentially small.', '1arwe6e'], ['u/8XtmTP3e', 16, '2024-02-16 07:43', 'https://www.reddit.com/r/mtgoxinsolvency/comments/1arwe6e/bank_payment_received_missed_it/kqnk1p9/', 'Or, like me, the process has just taken so damn long that it’s in a bank account you don’t use. I’ve moved banks three times or more but I have to keep this one account open because it’s probably easier than trying to contact the trustee to change it. But this will be the last payment in/out of it', '1arwe6e']]], ['u/Out_Of_The_Bl00', 'Finally out of crypto, all in on VTI/VXUS', 190, '2024-02-16 02:34', 'https://www.reddit.com/r/Bogleheads/comments/1arwesr/finally_out_of_crypto_all_in_on_vtivxus/', "In highschool I went wild on crypto purely as a gamble/meme. I had put in over the last decade just holding onto it and slowly letting some go. It bubbled to 60k and I let it pass. I said no more and 50k I would exit. I started to sweat when it hit 25k down from 65k and was stressed but I had no reason to be in reality. I had already made my initial investments and mining efforts back and then some. There wasn't anything materially lost on my end, but I was in knots. That's when I knew it had to stop.\n\nI started to think as I got older, now in my 30s, I can't tolerate that kind of risk anymore. What if I die tomorrow, how would anyone benefit from my magic coins. Or know where they are to recover and handle them. Considered doing a will, which I may still do, but after putting a lot of legwork learning about bogleheads and profiting here too, I decided to pull the trigger.\n\nI put half a million into VTI and VXUS today, 60/40 roughly but I didn't even do an exact math. I already have bonds in my 401k which in general I've also converted to a similar bogleheads split btw. Immediately, I felt better and less stressed, I saw it popped up further and I would've normally done the math to figure out how much I missed out on. But I'm not going to look anymore.\n\nNot everyone will agree with this and I've reconciled that BTC could explode to 100 or more and I'll miss out, but I'm very happy with what I have. When the multiple transfers cleared and it was in my bank, I was relieved and feel like I got out from under something that had been haunting me for many years. What went from funny money to reality became a constant checking of my phone for the price and watching charts. Id miss big waves and kick myself over it. Or id try to react to a swing and miss big time on the next run. Those missteps cost me more than pulling out and investing sooner in something more stable.\n\nThank you to the sub and the people active here all the time. Along with the FAQ and chart. I feel financially more secure the more I visit and read here. I've successfully gone all in on backdoor roths and even doing my own taxes each year. I've put aside the money I roughly expect in taxes this year and even for next year which will be big for this year. Before the sub, I was like an infant with this stuff and I couldn't be more grateful!", 'https://www.reddit.com/r/Bogleheads/comments/1arwesr/finally_out_of_crypto_all_in_on_vtivxus/', '1arwesr', [['u/Key_Enthusiasm4481', 171, '2024-02-16 02:49', 'https://www.reddit.com/r/Bogleheads/comments/1arwesr/finally_out_of_crypto_all_in_on_vtivxus/kqmj50u/', 'You chose to invest your life savings by betting on the World instead of shitcoin shills that have zero value.\n\nThink you made the right choice.', '1arwesr'], ['u/Out_Of_The_Bl00', 35, '2024-02-16 03:07', 'https://www.reddit.com/r/Bogleheads/comments/1arwesr/finally_out_of_crypto_all_in_on_vtivxus/kqmltgj/', "Thanks. I felt that BTC is a superior coin to the rest of the bullshit, I may still maintain a bit of that but in the end, it's *always* been funny money to me. I held on merely as a gamble this whole time. I've had actual conversations with myself about going out to a casino, and said no, I'm going to put that money into BTC instead.*It just happened to work in my favor.* At the end of the day, I needed to start being way more responsible with risk management and my future. Especially if I croak, I don't want the value to vanish.\xa0", '1arwesr'], ['u/Important_Message_57', 19, '2024-02-16 04:3... 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:** ['Top 10 Creations (All ETFs)\n[{"Ticker": "VB", "Name": "Vanguard Small-Cap ETF", "Net Flows ($, mm)": "889.80", "AUM ($, mm)": "52,433.70", "AUM % Change": "1.70%"}, {"Ticker": "VUG", "Name": "Vanguard Growth ETF", "Net Flows ($, mm)": "497.32", "AUM ($, mm)": "113,915.49", "AUM % Change": "0.44%"}, {"Ticker": "FDVV", "Name": "Fidelity High Dividend ETF", "Net Flows ($, mm)": "485.03", "AUM ($, mm)": "2,716.15", "AUM % Change": "17.86%"}, {"Ticker": "VTV", "Name": "Vanguard Value ETF", "Net Flows ($, mm)": "438.84", "AUM ($, mm)": "107,738.17", "AUM % Change": "0.41%"}, {"Ticker": "IVV", "Name": "iShares Core S&P 500 ETF", "Net Flows ($, mm)": "350.87", "AUM ($, mm)": "433,427.02", "AUM % Change": "0.08%"}, {"Ticker": "SOXL", "Name": "Direxion Daily Semiconductor Bull 3X Shares", "Net Flows ($, mm)": "333.42", "AUM ($, mm)": "9,706.48", "AUM % Change": "3.44%"}, {"Ticker": "IWD", "Name": "iShares Russell 1000 Value ETF", "Net Flows ($, mm)": "325.43", "AUM ($, mm)": "52,627.50", "AUM % Change": "0.62%"}, {"Ticker": "TMF", "Name": "Direxion Daily 20+ Year Treasury Bull 3X Shares", "Net Flows ($, mm)": "298.59", "AUM ($, mm)": "4,848.05", "AUM % Change": "6.16%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Net Flows ($, mm)": "224.30", "AUM ($, mm)": "5,678.21", "AUM % Change": "3.95%"}, {"Ticker": "SPLG", "Name": "SPDR Portfolio S&P 500 ETF", "Net Flows ($, mm)": "202.43", "AUM ($, mm)": "31,129.74", "AUM % Change": "0.65%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Net Flows ($, mm)": "-3,591.66", "AUM ($, mm)": "488,756.02", "AUM % Change": "-0.73%"}, {"Ticker": "VTI", "Name": "Vanguard Total Stock Market ETF", "Net Flows ($, mm)": "-1,925.78", "AUM ($, mm)": "367,615.97", "AUM % Change": "-0.52%"}, {"Ticker": "USMV", "Name": "iShares MSCI USA Min Vol Factor ETF", "Net Flows ($, mm)": "-993.16", "AUM ($, mm)": "25,125.31", "AUM % Change": "-3.95%"}, {"Ticker": "LQD", "Name": "iShares iBoxx USD Investment Grade Corporate Bond ETF", "Net Flows ($, mm)": "-601.17", "AUM ($, mm)": "33,396.96", "AUM % Change": "-1.80%"}, {"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Net Flows ($, mm)": "-590.22", "AUM ($, mm)": "404,974.47", "AUM % Change": "-0.15%"}, {"Ticker": "RSP", "Name": "Invesco S&P 500 Equal Weight ETF", "Net Flows ($, mm)": "-570.26", "AUM ($, mm)": "48,655.26", "AUM % Change": "-1.17%"}, {"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "-520.19", "AUM ($, mm)": "248,562.02", "AUM % Change": "-0.21%"}, {"Ticker": "XLE", "Name": "Energy Select Sector SPDR Fund", "Net Flows ($, mm)": "-462.40", "AUM ($, mm)": "34,569.36", "AUM % Change": "-1.34%"}, {"Ticker": "IXN", "Name": "iShares Global Tech ETF", "Net Flows ($, mm)": "-297.74", "AUM ($, mm)": "4,422.53", "AUM % Change": "-6.73%"}, {"Ticker": "VCIT", "Name": "Vanguard Intermediate-Term Corporate Bond ETF", "Net Flows ($, mm)": "-254.52", "AUM ($, mm)": "45,233.68", "AUM % Change": "-0.56%"}]\nETF Daily Flows By Asset Class\n[{"": "Alternatives", "Net Flows ($, mm)": "12.34", "AUM ($, mm)": "6,942.30", "% of AUM": "0.18%"}, {"": "Asset Allocation", "Net Flows ($, mm)": "13.24", "AUM ($, mm)": "17,056.27", "% of AUM": "0.08%"}, {"": "Commodities", "Net Flows ($, mm)": "-23.15", "AUM ($, mm)": "121,653.35", "% of AUM": "-0.02%"}, {"": "Currency", "Net Flows ($, mm)": "221.73", "AUM ($, mm)": "40,085.29", "% of AUM": "0.55%"}, {"": "International Equity", "Net Flows ($, mm)": "80.60", "AUM ($, mm)": "1,375,415.90", "% of AUM": "0.01%"}, {"": "International Fixed Income", "Net Flows ($, mm)": "-89.06", "AUM ($, mm)": "173,186.67", "% of AUM": "-0.05%"}, {"": "Inverse", "Net Flows ($, mm)": "-232.82", "AUM ($, mm)": "14,095.21", "% of AUM": "-1.65%"}, {"": "Leveraged", "Net Flows ($, mm)": "954.81", "AUM ($, mm)": "87,889.05", "% of AUM": "1.09%"}, {"": "U.S. Equity", "Net Flows ($, mm)": "-5,545.45", "AUM ($, mm)": "5,161,958.54", "% of AUM": "-0.11%"}, {"": "U.S. Fixed Income", "Net Flows ($, mm)": "-1,811.12", "AUM ($, mm)": "1,355,572.08", "% of AUM": "-0.13%"}, {"": "Total:", "Net Flows ($, mm)": "-6,418.88", "AUM ($, mm)": "8,353,854.66", "% of AUM": "-0.08%"}]\nDisclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.\nPermalink| © Copyright 2024etf.com.All rights reserved', '• US stocks slipped lower on Friday after a hot inflation print capped off a week of key data points.\n• The S&P 500 dipped 0.27% over the past five days, ending a 5-week win streak.\n• "Indeed, [the PPI data] has aligned the Fed\'s projected rate path with the market\'s, as investors are now pricing in just three cuts this year."\nThe stock market slipped on Friday after hot inflation capped off a busy week of economic data prints.\nThe Producer Price Index came in higher than expected, showing a 0.3% increase in prices from December, with a year-over-year increase of 0.9%. That\'s afterhot CPI data rolled in earlier this week.\nEven though the market recovered from Tuesday\'s hiccup, investor gloom has knocked stocks off a 5-week win streak. The S&P 500 is down 0.27% in the past 5 days, while the Nasdaq is down 1.02%.\nThis week also saw retail sales data slide lower, down 0.8% from a month earlier in January.\nThese data points highlight a robust economy, but mean a Fed rate cut is farther out than markets were hoping. On Thursday, Atlanta Fed president Raphael Bostic said he\'s not convinced that inflation is definitely headed toward the central bank\'s 2% target.\nAfter the PPI data came out, odds that the Fed would hold rates where they are during their May meeting jumped another 10%, according to the CME FedWatch Tool.\n"Indeed, this [inflation] report has aligned the Fed\'s projected rate path with the market\'s, as investors are now pricing in just three cuts this year; earlier this year, they had expected seven," said José Torres, Senior Economist at Interactive Brokers. "The sharp adjustment in expectations has yet to affect equities in a meaningful way, however, with bullish sentiment and better-than-expected earnings reports providing robust support."\nHere\'s where US indexes stood at the closing bell at 4:00 p.m. on Friday:\n• S&P 500:5,00.55, down 0.38%\n• Dow Jones Industrial Average:38,627.99, down 0.37% (-145.13 points)\n• Nasdaq Composite:15,775.65, down 0.82%\nHere\'s what else is going on:\n• Themarket could fall 5%in an \'air-pocket drawdown\' as greedy traders short volatility, a research firm said.\n• Thedeath of oil demand has been exaggeratedand supply won\'t be able to keep up without more investment, according to Morningstar.\n• A recession, investor FOMO, and inflation arethreatening the stock market\'s red-hot rally.\n• The data that powered the stock market rally is reversing and it\'sstill possible the Fed raises rates before it cuts, one market vet said.\n• Wall Street\'s excitement about Nvidiahas reached a fever pitch as its valuation soars.\nIn commodities, bonds, and crypto:\n• Oil prices rose, withWest Texas Intermediateup 1.51% to $79.21 a barrel.Brent crude, the international benchmark, was also up 0.63% to $83.38 a barrel.\n• Goldedged up 0.41% to $2,023.20 per ounce.\n• The10-year Treasury yieldclimbed 5.9 basis points to 4.299%.\n• Bitcoinwent up 0.2% to $51,809.75.\nRead the original article onBusiness Insider', "If there is anyone familiar with volatility, it's those who hold cryptocurrencies. Specifically,Bitcoin(CRYPTO: BTC)has been an absolute rollercoaster ride over the years. Bitcoin prices have fallen over 30% from their high twice, and over 60% once, over the past five years alone!\nBut you'd be pretty happy if you'd bought five years ago andheld on for dear life. A $1,000 investment in Bitcoin five years ago will have grown to over $13,000 today.\nSo, what's the lesson here, and how can investors apply it to Bitcoin moving forward?\nHere is what you need to know.\nBitcoin and other cryptocurrencies have some similarities with stocks. For starters, their short-term prices result from supply and demand. Prices go up when more people want to buy than sell, and vice versa. But stocks represent underlying companies -- tangible businesses. They generate profits, and stocks represent ownership of a piece of that.\nCryptocurrency is a bit more complex because there is technically notangiblevalue to cryptocurrency. That doesn't mean it's worthless. After all, the same could be said aboutfiat currency. Its value comes from what it represents. In the case of the U.S. dollar, the currency represents a legal tender backed by the government. The dollar's value might fluctuate against other currencies, but the U.S. dollar is generally stable because of that backing. It's the world's reserve currency for that reason.\nBitcoin is decentralized -- no bank or government backs it. Some may argue that this makes Bitcoin and other cryptocurrencies some pyramid scheme, but that's not necessarily true. Decentralization is both a bug and a feature. Bitcoin's still a young asset. It's volatile because it doesn't yet have the widespread adoption fiat money has. But as more people own and transact with it, the more stable the price will likely be.\nOver time, Bitcoin's value goes back to supply and demand, but on a much larger scale. Theoretically, demand for Bitcoin will increase as adoption grows. The more people own and use it, the more people will want it.\nIt's the supply side of the equation that's interesting. With fiat money like the U.S. dollar, the Federal Reserve controls the money supply. It can increase or decrease, but as you see below, the supply almost always grows. This is measured as the M2 Money Supply, essentially the total number of dollars circulating in the economy.\nThe more dollars in the economy, the higher the demand for goods and services, causing prices to rise. Notably, inflation means **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: 2024-02-17 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,002,376,101,512 - Hash Rate: 609388003.457412 - Transaction Count: 327713.0 - Unique Addresses: 590229.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.76 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- A likely moderation of US economic growth in the fourth quarter ended an otherwise solid stretch of activity over the final six months of 2023, feeding expectations the expansion will remain intact. Most Read from Bloomberg Florida Governor DeSantis Drops Out of 2024 Race, Endorses Trump Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk Gloom Over China Assets Is Spreading Beyond Battered Stocks Trump Retires ‘DeSanctimonious’ Insult After DeSantis Backs Him Putin Orders Hunt for Property of Russian Empire, Soviet Union Economists project the government’s initial reading of gross domestic product — the sum of goods and services produced — to show an annualized 2% increase, according to the median estimate in a Bloomberg survey. That would follow the 4.9% third-quarter advance and mark the strongest back-to-back quarters of growth since 2021. At the same time, inflationary pressures are becoming less pronounced. A day after Thursday’s GDP figures, the government’s personal income and spending report is seen showing the Federal Reserve’s preferred gauge of underlying inflation rose 3% in the year ended in December, in what would be an 11th straight month of waning annual price growth. Slowing inflation has opened the door for US central bankers to lower interest rates this year, although many policymakers are reluctant to commit to such a move as early as March. Read More: Fed to Begin Rate Cut Discussions But Avoid Teeing First One Up While the Fed wants to guard against a re-acceleration of inflation, a further softening of price pressures risks making policy even more restrictive. Currently, the inflation-adjusted federal funds rate stands at its highest level since 2007, when the economy slipped into a recession. What Bloomberg Economics Says: “Our forecast implies brisk 2.7% growth for full-year 2023 GDP, up from 0.7% in 2022. But we think growth will slow meaningfully in the first half of this year given fast labor-market cooling and concerns about credit availability and the sustainability of consumer demand.” Story continues —Anna Wong, Stuart Paul, Eliza Winger and Estelle Ou, economists. For full analysis, click here Fed officials will observe a blackout period in the coming week ahead of their Jan. 30-31 policy meeting. For more, read Bloomberg Economics’ full Week Ahead for the US Friday’s income and spending figures are expected to show outlays, before adjusting for price changes, increased more in December than a month earlier. That would cap off a healthy holiday-shopping season and indicate demand had some momentum entering the new year. Further north, the Bank of Canada is widely expected to hold its benchmark overnight rate at 5% on Wednesday for a fourth straight meeting. And elsewhere, the European Central Bank and the Bank of Japan may focus investors watching for signs of the first rate move from each of them, while Turkey’s central bank could deliver the final hike of its cycle. Click here for what happened last week, and below is our wrap of what’s coming up in the global economy. Asia The BOJ meets as speculation over its first potential rate increase since 2007 gains momentum. None of the economists surveyed by Bloomberg expects a move this time, as authorities are still assessing the impact of a New Year’s Day earthquake in the nation’s northwest. Instead, the focus will fall on how Governor Kazuo Ueda describes progress toward achieving a positive wage-price cycle and any more signals of a hike in the spring. Japan gets trade statistics on Wednesday that may show exports rebounded in December, possibly putting the economy back into expansion in the fourth quarter. Tokyo consumer inflation ends the week. Elsewhere, China’s prime rates are expected to be left untouched at the start of the week, while 20-day export figures from South Korea will offer an early glimpse of global trade in January. Later in the week, South Korea’s economic growth is forecast to have accelerated in the fourth quarter. Australia releases business confidence on Tuesday and flash PMIs the following day. Read More: Australian House Price Growth Seen ‘Muted’ in 2024 Malaysia’s consumer inflation is seen steady at 1.5% in December with its central bank likely to keep rates unchanged on Thursday, and Singapore’s MAS also meets during the week. Thailand and the Philippines publish trade data, and China releases industrial profits on Saturday. That’s a day after the start of China’s Lunar New Year holiday season, which kicks off ahead of the official start of the year of the dragon in mid-February. The world’s second-biggest economy is gearing up for a record 9 billion trips during the period. For more, read Bloomberg Economics’ full Week Ahead for Asia Europe, Middle East, Africa The region’s highlight will be the ECB’s decision on Thursday. Officials, led by President Christine Lagarde, are set to keep rates unchanged at their first meeting of the year. The governing council appears to be converging around a likely rate cut in June, while markets show a two-in-three chance the first reduction will come in April. Lagarde’s comments will be scoured for any hints on the timing of that first move. The focus of economic data in the region will include initial readings of purchasing managers’ surveys of 2024 — due on Wednesday — with equivalent reports also coming out in the UK. Germany’s Ifo business sentiment will be published on Thursday, giving an indication of whether the contraction Europe’s largest economy endured in the fourth quarter is poised to end. Meanwhile, the European Commission is set unveil an economic security package, which will include new rules to increase powers to screen and potentially block foreign investment in sensitive industries. Another measure under consideration is the creation of a dedicated fund to boost the development of technologies that can serve both military and civil purposes. For more, read Bloomberg Economics’ full Week Ahead for EMEA Several other central bank meetings are scheduled throughout the rest of the region: On Wednesday, Ukrainian officials will announce their rate decision amid uncertainty over foreign financial aid. Norway’s central bank is expected to keep borrowing costs unchanged at 4.5% on Thursday and maintain its outlook for no cuts until autumn, after recent data backed its view of easing price pressures and a cooling economy. The same day in Turkey, analysts expect yet another rate hike that may mark the end of the tightening cycle as policymakers combat inflation of about 65%. The central bank is forecast to increase its benchmark one-week repo rate by 250 basis points to 45%. South African data on Wednesday, which may show inflation eased for a second straight month, are unlikely to persuade officials the next day to cut rates, which have been at 8.25% since May. Governor Lesetja Kganyago told Bloomberg TV that they first need to sees consumer price growth slowing sustainably. Neighboring Eswatini, whose currency is pegged to South Africa’s rand, may follow suit on Friday and hold its key rate at 7.5%. Malawi also meets for its first 2024 rate decision on Friday. Latin America On the inflation front, the region’s two biggest economies post mid-month consumer price readings. The early consensus is that Brazilian inflation slowed modestly from mid-December’s 4.72%, enough disinflation to keep Banco Central do Brasil in easing mode at its Jan. 30-31 rate meeting. Banco de Mexico can expect some good news after consumer prices ticked higher last month to end 2023 on a sour note, with analysts forecasting a return of disinflation in the early January data. Argentina is slated to post economic activity data for November and full-year budget results. Economists expect a modest contraction for the full year and see the budget gap hitting 5% of GDP. Looking ahead, President Javier Milei is aiming to balance the books in 2024 via tax measures and spending cuts. A busy week in Brazil includes full-year bank lending, tax collections, foreign direct investment and current account figures. Mexico also reports December and full-year trade results, along with November GDP-proxy figures, which may again show some of the slowing seen at the margins in the October data. The unemployment rate last month likely held below 3% amid a rapid run-up in worker wages. For more, read Bloomberg Economics’ full Week Ahead for Latin America --With assistance from Brian Fowler, Patrick Donahue, Ott Ummelas, Andrew Davis, Robert Jameson, Monique Vanek, Paul Wallace and Laura Dhillon Kane. Most Read from Bloomberg Businessweek The Downfall of Diddy Inc. How Sweden Quit Smoking Without Quitting Nicotine The Bitcoin Hype Is Back and About Just as Hollow as Before Japan’s Market Roars Back to Life—With Old-Timers Leading the Way ©2024 Bloomberg L.P.... - Reddit Posts (Sample): [['u/Cobra418', 'I finally finished the new season, and honestly? Not as bas as this subreddit made it out to be', 131, '2024-02-17 00:21', 'https://www.reddit.com/r/futurama/comments/1asmua9/i_finally_finished_the_new_season_and_honestly/', 'I initially dipped out half way through the Bitcoin episode and stopped watching the new season, only keeping up with the premiere threads in here while bored at work. It just wasn\'t doing it for me and I felt like rewatching the original 4 season run instead. Recently, I gave Hulurama another go for a project I\'m working on, and idk if it\'s just the passage of time or not having to wait a week for each new episode or what... but it honestly grew on me. I\'ve been watching a new episode and an OG Fox episode back to back each day, and the whiplash I was expecting surprisingly never really hit me. \n\nMost of my issues with the new revival were problems that already existed in the CC revival, but they at least all felt toned down comparatively. The characters were still flanderized but not as bad as before, the plots were still ensemble focused but there was at least a little more Fry/Leela/Bender action than before, and the topical writing... well, that\'s still as bad as the CC seasons, but that\'s just the nature of a show designed for the late 90s television landscape continuing on in the post-social media age. The only new issue for me is the voice acting... I love Billy West but all of his characters sound strained which ruins the comedic timing. Hermes\' actor too, unfortunately. \n\nThere were definitely some stinker episodes, a few I felt badly suffered from "first draft-itus" (especially the premiere... I still don\'t think I logically understand that episode), but on the whole it felt like slightly better CC Futurama. Episodes like the Nibbler and Momazon ones I actually found pretty enjoyable, like a mid-tier Fox era filler episode. The finale was actually really good. I don\'t think the show needed to come back, and I do worry for the quality of future seasons as the show limps on further past it\'s prime, but most of the episodes this season were acceptable/fun enough for what they were. Considering the show is a quarter century old, has been dormant for the last decade and is owned by Disney now, things could have turned out a lot more incoherent/worse (cough cough, Clone High revival).\n\nWhat do ya\'ll think of it now that some time has passed?', 'https://www.reddit.com/r/futurama/comments/1asmua9/i_finally_finished_the_new_season_and_honestly/', '1asmua9', [['u/mithridateseupator', 16, '2024-02-17 00:31', 'https://www.reddit.com/r/futurama/comments/1asmua9/i_finally_finished_the_new_season_and_honestly/kqrfetm/', "Most of the season was underwhelming, but not bad.\n\n'All the way down' was a fantastic episode, but you can expect that when Cohen writes one.", '1asmua9'], ['u/brandognabalogna', 15, '2024-02-17 01:09', 'https://www.reddit.com/r/futurama/comments/1asmua9/i_finally_finished_the_new_season_and_honestly/kqrl4t2/', 'I actually feel this way too. I was meh at first, but they felt muuuch better after watching them straight from season 10. I noticed it the other day: I started the show over from the pilot and watched all the way from season 1 through 11 and it felt much more cohesive than I think it did initially. It flows very nicely between the old and new imo', '1asmua9'], ['u/LostMyMilk', 42, '2024-02-17 01:30', 'https://www.reddit.com/r/futurama/comments/1asmua9/i_finally_finished_the_new_season_and_honestly/kqro88n/', "I've re-watched the new season enough times now that it blends in and is on par with other seasons. No better and no worse.", '1asmua9']]], ['u/12thYearSenior', 'Z2 creditor, Paid - $6,828 through US Bank.', 37, '2024-02-17 01:06', 'https://www.reddit.com/r/mtgoxinsolvency/comments/1asnvuq/z2_creditor_paid_6828_through_us_bank/', 'I had around 18.9btc in it when it went down. Can’t believe I’m actually seeing any of this money lol', 'https://www.reddit.com/r/mtgoxinsolvency/comments/1asnvuq/z2_creditor_paid_6828_through_us_bank/', '1asnvuq', [['u/12thYearSenior', 10, '2024-02-17 01:29', 'https://www.reddit.com/r/mtgoxinsolvency/comments/1asnvuq/z2_creditor_paid_6828_through_us_bank/kqro3fv/', 'From my understanding this is the initial cash payment in Yen, and I’ll get somewhere between 2.9-3.9 btc and bch whenever they do the actual bitcoin payout since I chose to receive bitcoin, not cash equivalent.', '1asnvuq'], ['u/12thYearSenior', 15, '2024-02-17 01:30', 'https://www.reddit.com/r/mtgoxinsolvency/comments/1asnvuq/z2_creditor_paid_6828_through_us_bank/kqrod6s/', 'I actually had lost access to my account entirely and it took 7 years for me to finally remember my password and use that to change my email and contact info and somehow it worked since I had a fully verified account. It took about a year and I almost took a flight to Japan to get the access back but they finally emailed after 8 months and seems to be working out.', '1asnvuq']]], ['u/Agronopolopogis', 'How do you convince "the nation of freedom" to go cashless?', 146, '2024-02-17 01:10', 'https://www.reddit.com/r/conspiracy/comments/1asnyom/how_do_you_convince_the_nation_of_freedom_to_go/', '# TLDR; money controls the world\n\n> In short, how do we alleviate the global debt that has been incurred?\n\n> Reset\n\n> WEF/BIS put the wheels in motion for CDBCs well over a decade ago, and everyone has til 2025 to get on board w/ Basel 3 & ISO20022 or kick rocks (sure, they\'ll kick the can a few times..)\n\n> Preface, this isn\'t in any attempt to sway anyone towards cryptocurrency, it is still in it\'s infancy, and if I am remotely right, only those that hold utility will survive. \n\n> Bitcoin is garbage.\n\n> Naysayers to CDBCs - it\'s already happening, and well under way. For those uninformed, CDBCs are not cryptocurrency, but effectively wrap blockchain architecture.\n\n> When economic giants are saying the future is in tokenization, whether you agree or not, they\'re going to see to it that it is.\n\n> We are at the end of our 80 year [cycle](https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generational_theory), which means it is time to capitulate.\n\n* The biggest players know they\'re missing their cut (from corporations), just like governments are missing their cut from their biggest players (tax evasion).\n\n* A top down initiative to (in their eyes) balance the books, by being able to keep tabs on everything.\n\n* We got off the gold standard in the 70s, and the wealth divide has grown exponentially because of it.\n\n* The central banks have been funding wars on both sides for centuries, all as a cash grab.\n\n* For the longest time, institutions say crypto-bad mkay, now they\'re seething at the teeth for their piece of the pie.\n* 99.999~% of crypto (predominately meme shit) will cease to exist - if you lack utility, you hold no purpose from a valuation perspective.\n* Bitcoin only holds the value it does today, due to being the pioneer, but it has zero utility - it\'s a facade backed by being a finite resource.\n* ISO20022 was introduced in 2004, Basel 3 in 2010 - both with regulatory deadlines against institutions by 2025.\n* Globally, countries are well on their way to CDBC adoption (130 countries actively in development)\n* Countries have begun to asset back their currencies - BRICS+ nations example now holding over 40% of global GDP in this structure\n* Those same countries have been ramping up the selling off of US Treasuries and selling resources (oil) in native currency/CDBCs\n* CDBCs are the financial revolution for this period of time (web3), just as digital payments were (web2) and credit cards (web1)\n* Rate of local and regional bank failures continues to escalate, with bigger players picking up the remains and it has been on a constant decline since inception.\n* The amount of debt based fiat that has been injected into society in the past four years far exceeds any reasonable pace of inflation.\n* The cost and time to move money today, is obsolete when doing it with crypto. Upwards of 3% in fees and 1-5 business days to settle, compared to pennies and seconds, when cross-border transactions are performed.\n* Rate of institutional purchases of residential property, especially in the US, has seen a massive uptick.\n* Historic amounts of debt are being taken on by the average citizen, along with the lowest savings holdings, as well.\n\n# So how do you get the one country who has been bathed in the facade of freedom for so long to go cashless?\n\nI would love everyone\'s opinion on this, regardless of the aforementioned points.. how could they?\n\nMy opinion? **Put the citizens in a place where the choice is obvious, because there is no choice.**\n\nWe\'ve all seen it from the WEF.. "**You will own nothing, and like it.**"\n\n* Global Pandemic to take the temperature of such an event (not remotely referencing a stance on vaccines..)\n* Rock the boat on the supply chain to justify years of over-inflated pricing (50+% of inflation tied to Corporations unjustly inflating prices)\n* Print as much money as you can, and allow massive grifts to go unchecked (PPP loans)\n* Over 100 armed conflicts are in flight right now, with the US doing what it does and fueling the ones where we to benefit from either from a military strategic standpoint or natural resources - we\'re in active conflicts in south america, middle east, ukraine and africa.\n\n**So, whats the domino?** I think it\'ll be tied to Taiwan due to their semiconductor / microchip major exportation.\n\n**Someone** (country) is going to cause escalation to focus in on Taiwan, the US is going to say no sir.. and then BRICS think that the US is spread too thin militarily to counter them rapidly offloading US Treasuries in an attempt to crash the USD.\n\nSo let\'s say they do.. and for a moment, we\'re in an unheard of state of hyperinflation due to the dollar holding nearly no value, and everyt... 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, Feb. 18, 2024 (GLOBE NEWSWIRE) --OKX, a leading Web3 technology company, has issued updates for February 18, 2024.\nOKX Walletis now integrated withBitcoin Name Service System (BNSx)protocol. This integration allows OKX Wallet users to register and use simple, human-readable .bnsx domain names instead of long, complex Bitcoin addresses.\nBNSx is a decentralized naming protocol built on top of the Bitcoin and Lightning networks. It enables users to map easy-to-remember domain names like alice.bnsx to Bitcoin addresses, making sending and receiving BTC simpler and less prone to errors. BNSx leverages RGB smart contracts and the Lightning Network to provide fast, cheap, private transactions with registered names.\nBy integrating BNSx into OKX Wallet, users can now register .bnsx domains within the app and automatically link them to their wallet's BTC receive addresses. Any BTC sent to a registered .bnsx name will be automatically received by the owner's linked OKX Wallet. Users can also send BTC to other .bnsx names with the recipient's domain mapped to their BTC address.\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 80 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", "SINGAPORE, Feb. 18, 2024 (GLOBE NEWSWIRE) --OKX, a leading Web3 technology company, has issued updates for February 18, 2024.\nOKX Walletis now integrated withBitcoin Name Service System (BNSx)protocol. This integration allows OKX Wallet users to register and use simple, human-readable .bnsx domain names instead of long, complex Bitcoin addresses.\nBNSx is a decentralized naming protocol built on top of the Bitcoin and Lightning networks. It enables users to map easy-to-remember domain names like alice.bnsx to Bitcoin addresses, making sending and receiving BTC simpler and less prone to errors. BNSx leverages RGB smart contracts and the Lightning Network to provide fast, cheap, private transactions with registered names.\nBy integrating BNSx into OKX Wallet, users can now register .bnsx domains within the app and automatically link them to their wallet's BTC receive addresses. Any BTC sent to a registered .bnsx name will be automatically received by the owner's linked OKX Wallet. Users can also send BTC to other .bnsx names with the recipient's domain mapped to their BTC address.\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 80 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", 'Feb. 18:Wormhole Foundation, which supports teams building products for the cross-chain messaging protocolWormhole, said in ablog postthat it\'s "collaborating with the team at Succinct to build an Ethereum ZK light client as part of an ongoing effort to further decentralize message verification within the Wormhole platform. Wormhole ZK is being leveraged by developers to minimize trust in the Wormhole platform, improve cross-chain composability and increase network security. Read more about the vision of Wormhole ZK in the recently announcedZK roadmap."\nProtocol Village is a regular feature ofThe Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time.Sign up hereto get it in your inbox every Wednesday. Project teams can submit updateshere. For previous versions of Protocol Village, please gohere. Also please check out our weeklyThe Protocolpodcast.\nFeb. 16:TRON DAO, the decentralized autonomous organization (DAO) behind the TRON network, with over 210 million user accounts, has unveiled its roadmap for building an innovative Bitcoin layer-2 solution, according to atweet from Tron founder Justin Sun. "This solution will revolutionize how we think about blockchain interoperability and using stablecoins within the Bitcoin ecosystem," according to a message from the team. "Let\'s make #Bitcoin fun again!" Sun wrote. {{TRX}}\nFeb. 16:Silencio, a decentralized network of smartphones working as noise-pollution sensors, has closed a $1M funding round led by Borderless Capital, a leading investor in the DePIN space, according to the team: "Along with Borderless Capital, funding from Moonrock Capital, Master Ventures, and others will be used to expand and enhance its community-driven noise pollution sensor network, improve data integrity for well-being, and support strategic initiatives. This investment marks a significant milestone for Silencio as it sets out to redefine data coverage through the integration of peaq, the layer-1 blockchain for real-world apps." Silencioselected peaq\'s networklast year as its layer-1 blockchain.\nFeb. 16:Subsquid, a peer-to-peer network to batch query and aggregate data, hasjoined Google’s BigQuery for multi-chain projectsto leverage Subsquid with BigQuery to quickly analyze their usage on different chains and gain insights into fees, operating costs and trends, according to the team: "Subsquid indexing has supported over $11 billion in decentralized applications and L1/L2 value, with 30,000 participants, including tens of thousands of developers, deploying over 40,000 indexers."\nFeb. 15:RW3 Venturesraised $60 million for RW3 Ventures Fund I LP,according to the team: "The fund will target investments in early-stage blockchain and Web3 companies, with an emphasis on teams that seek to utilize blockchain technology to disrupt real-world industries and business models with sizable addressable markets. The round was led by The Raptor Group and Mubadala Capital, the wholly-owned asset management subsidiary of Mubadala Investment Company, a global sovereign investor headquartered in Abu Dhabi. RW3 is led by Pete Najarian and Joe Bruzzesi, two well-known figures in the digital asset space."\nFeb. 15:Blueprint Financeannounced that it\'s emerging from stealth with $7.5 million in funding from crypto-native investors including Tribe Capital, Hashed, Portal Ventures, SALT and others – to solve crypto\'s liquidation problem.According to the team: Blueprint’s flagship product is the Concrete Protocol, an appchain purpose-built for on-chain debt and credit. Concrete powers higher yields, liquidation protection, and advanced predictions across all of DeFi, starting with money markets."\nFeb. 15:QuickNode, a Web3 development platform, now supportszkSync hyperchains," enhancing its custom chains offering for clients seeking fast and scalable ZK technology," according to the team: "Hyperchains, powered by ZK Stack, ensure robust data privacy, ideal for enterprise use cases while maintaining compliance. They run parallel to zkSync mainnet, enabling seamless asset bridging and liq **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: 2024-02-18 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,018,944,941,600 - Hash Rate: 491572989.4556458 - Transaction Count: 343417.0 - Unique Addresses: 563861.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Swan Bitcoin, a Bitcoin-focused financial services firm, hasdisclosedthe launch of its Bitcoin mining venture, Swan Mining, which has been operating in stealth mode since last summer. The company aims to expand its institutional offerings and is actively pursuing a public listing within the next 12 months. Swan's decision to establish a mining unit stems from its vision of becoming a “comprehensive” Bitcoin company. Swan emphasizes that its mining business operates independently, utilizing a debt-free funding model and maintaining legal segregation from its other business arms. The company intends to allocate its next Series C funding equally among its financial services, mining, and acquisitions ventures. Swan Mining has already achieved notable success, having mined 750 Bitcoin (BTC) with its current hash rate capacity of 4.5 exahashes per second (EH/s). The firm anticipates surpassing 8 EH/s in March upon the deployment of new mining equipment. Swan's CEO, Cory Klippsten, is actively working towards achieving a public listing within the next 12 months. He said: “Swan Mining is a great example of our company thesis playing out. With our exclusive focus on Bitcoin adoption and helping the industry grow, we continue to attract the talent, opportunities, and capital required to launch new business lines and grow them rapidly.” Despite the focus on its mining venture, Swan assures that its financial services unit remains healthy and continues to grow. The company claims to have generated $125 million in revenue over the last 12 months and doubled its staff count.... - 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’s(BTC-USD) price has been on an absolute tear lately as we approach the much-anticipated halving in April. The flagship cryptocurrency is up more than 114% over the past year, recently hitting 24-month highs. With the Securities and Exchange Commission approving several spot Bitcoin ETFs and more institutional money flowing into this asset class, it seems Bitcoin’s rally may just be starting.\nBitcoin’s built-in scarcity makes it an intriguing potential store of value, almost like “digital gold” for the digital age. The upcoming halving cuts the Bitcoin miners’ block rewards in half (and thus the token’s incoming supply). This could create a supply shock that sends Bitcoin stratospheric.\nWhile Bitcoin garners much of the attention in this space, and rightfully so, savvy crypto investors know smaller altcoins can deliver truly outsized returns during bull runs. The last major run-up in late 2020 saw many altcoins deliver returns well over 1,000%!\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nOf course, with bigger potential rewards comes bigger risks. Altcoins remain extremely volatile and highly-speculative assets. I only recommend investing money you can afford to lose. Still, for those with some risk tolerance, I’ve compiled three altcoins I believe are undervalued heading into the upcoming halving.\nSource: Maurice NORBERT / Shutterstock.com\nAt first glance,SwissCheese(SWCH-USD) may look like another meme coin thanks to its quirky name. But don’t let that fool you. Thisprojecthas real substance and utility that could make it one of the most sought-after cryptos once word spreads.\nSwissCheese aims to democratize trading and investing by enabling fractional ownership of stocks through tokenized representations on its decentralized platform. Users can access these fractional stocks through any digital token, cryptocurrency, or the native SWCH token. Each tokenized asset essentially represents a slice of an underlying stock.\nThis concept blows open stock market investing for those currently blocked by borders, regulations, or lacking payment options. Crypto knows no borders, so accessing U.S. stocks becomes far easier from abroad using SwissCheese’s platform. Decentralization also brings privacy benefits, which will appeal to many crypto enthusiasts.\nAs I write this, SwissCheese’s market capitalizationsits at just $6.4 million. That said, the project’s total addressable market here could be enormous, given the platform’s global appeal and ability to tap into crypto hype. If SwissCheese gains even modest traction, its tiny valuation today could translate into 10x or 20x returns (or higher) ahead. That asymmetric risk-reward looks compelling to me.\nSource: Marko Aliaksandr/ShutterStock.com\nAlephium(ALPH-USD) has been skyrocketing lately, joining the ranks of red-hot layer 1 blockchain projects. It competes directly against names likeKaspa(KAS-USD),Sei(SEI-USD), and others, but still sports a reasonable$190 million market capat the time of writing.\nThis sharded blockchain platform focuses on delivering scalability, security, and energy efficiency to power the next generation of Web3 and decentralized applications.\nFrom a tech perspective, Alephium uses a UTXO model and a unique Proof-of-Less-Work consensus that improves on Bitcoin’s pioneering protocol. It also boasts a custom virtual machine and tooling to support developers building on Alephium.\nOver the past year, we’ve witnessed immense speculation and interest around ambitious layer 1 chains. Just look at Kaspa’s parabolic rally.\nAlephium offers a similar value proposition – yet trades at a fraction of its competitors’ valuations. Given the massive room for additional upside, I wouldn’t be surprised if ALPH enters the ranks of 10-figure market cap cryptos.\nLayer 1 protocols like Alephium offer ideal asymmetric upside for investors with a higher risk tolerance. Current prices seem inexpensive if Alephium can indeed evolve into a premium smart contract blockchain.\nSource: Shutterstock\nAt the intersection of two red-hot trends – AI and crypto – sitsPAAL AI(PAAL-USD). This chatbot project uses artificial intelligence and machine learning and integrates these technologies within its network.\nPAAL AI also incentivizes its community by rewarding users with native tokens. PAAL tokens play governance and staking roles – or can unlock premium features.\nWe’ve witnessed the explosion of interest and adoption around AI chat tools like ChatGPT in recent months. I believe it’s only a matter of time before blockchain-based AI projects like PAAL also grab investor attention. That’s especially true given the synergy with crypto’s emphasis on computing power, decentralized networks, and community reward systems.\nConsiderRender Network(RNDR-USD), which allows users to monetize or access GPU power to run intensive computing tasks. Or proof-of-work chains that rely on miners contributing hardware for security and rewards. As blockchain platforms grow more advanced, I suspect we’ll see far more collaboration and interplay with AI as well.\nPAAL’s current market price suggests this token may be relatively inexpensive, if we continue to see surging interest in both AI and crypto. With the recent breakout to new highs and a current market capitalization of$176 million, PAAL AI offers sizable upside potential if adoption scales up in 2024 and beyond.\nOn Low-Capitalization and Low-Volume Cryptocurrencies:InvestorPlace does not regularly publish commentary about cryptocurrencies that have a market capitalization less than $100 million or trade with volume less than $100,000 each day. That’s because these “penny cryptos” are frequently the playground for scam artists and market manipulators. When we do publish commentary on a low-volume crypto that may be affected by our commentary, we ask thatInvestorPlace.com’s writers disclose this fact and warn readers of the risks.Read More:How to Avoid Popular Cryptocurrency Scams\nOn the date of publication, Omor Ibne Ehsan 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.\nOmor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him onLinkedIn.\n• The #1 AI Investment Might Be This Company You’ve Never Heard Of\n• “America’s Top Trader” Issues A.I. Code Red: Act Now or Miss Out\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe postBitcoin Halving Moves: 3 Altcoins to Buy Before They Become Moonshotsappeared first onInvestorPlace.', 'Bitcoin’s(BTC-USD) price has been on an absolute tear lately as we approach the much-anticipated halving in April. The flagship cryptocurrency is up more than 114% over the past year, recently hitting 24-month highs. With the Securities and Exchange Commission approving several spot Bitcoin ETFs and more institutional money flowing into this asset class, it seems Bitcoin’s rally may just be starting.\nBitcoin’s built-in scarcity makes it an intriguing potential store of value, almost like “digital gold” for the digital age. The upcoming halving cuts the Bitcoin miners’ block rewards in half (and thus the token’s incoming supply). This could create a supply shock that sends Bitcoin stratospheric.\nWhile Bitcoin garners much of the attention in this space, and rightfully so, savvy crypto investors know smaller altcoins can deliver truly outsized returns during bull runs. The last major run-up in late 2020 saw many altcoins deliver returns well over 1,000%!\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nOf course, with bigger potential rewards comes bigger risks. Altcoins remain extremely volatile and highly-speculative assets. I only recommend investing money you can afford to lose. Still, for those with some risk tolerance, I’ve compiled three altcoins I believe are undervalued heading into the upcoming halving.\nSource: Maurice NORBERT / Shutterstock.com\nAt first glance,SwissCheese(SWCH-USD) may look like another meme coin thanks to its quirky name. But don’t let that fool you. Thisprojecthas real substance and utility that could make it one of the most sought-after cryptos once word spreads.\nSwissCheese aims to democratize trading and investing by enabling fractional ownership of stocks through tokenized representations on its decentralized platform. Users can access these fractional stocks through any digital token, cryptocurrency, or the native SWCH token. Each tokenized asset essentially represents a slice of an underlying stock.\nThis concept blows open stock market investing for those currently blocked by borders, regulations, or lacking payment options. Crypto knows no borders, so accessing U.S. stocks becomes far easier from abroad using SwissCheese’s platform. Decentralization also brings privacy benefits, which will appeal to many crypto enthusiasts.\nAs I write this, SwissCheese’s market capitalizationsits at just $6.4 million. That said, the project’s total addressable market here could be enormous, given the platform’s global appeal and ability to tap into crypto hype. If SwissCheese gains even modest traction, its tiny valuation today could translate into 10x or 20x returns (or higher) ahead. That asymmetric risk-reward looks compelling to me.\nSource: Marko Aliaksandr/ShutterStock.com\nAlephium(ALPH-USD) has been skyrocketing lately, joining the ranks of red-hot layer 1 blockchain projects. It competes directly against names likeKaspa(KAS-USD),Sei(SEI-USD), and others, but still sports a reasonable$190 million market capat the time of writing.\nThis sharded blockchain platform focuses on delivering scalabili **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: 2024-02-19 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,023,480,269,300 - Hash Rate: 552511789.8013868 - Transaction Count: 366108.0 - Unique Addresses: 617452.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.75 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. Most Read from Bloomberg Florida Governor DeSantis Drops Out of 2024 Race, Endorses Trump Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk Gloom Over China Assets Is Spreading Beyond Battered Stocks Sony Sends Termination Letter to Zee Over India Merger Trump Retires ‘DeSanctimonious’ Insult After DeSantis Backs Him The calculus around natural disasters such as hurricanes and cyclones fed record gains at funds managed by firms including Tenax Capital, Tangency Capital and Fermat Capital Management. All three delivered results that were more than double an industry benchmark, according to public filings, external estimates and people familiar with the funds’ numbers. Behind those record returns were bold bets on catastrophe bonds and other insurance-linked securities. So-called cat bonds are used by the insurance industry to shield itself from losses too big to cover. That risk is instead transferred to investors willing to accept the chance that they may lose a part of — or all — their capital if disaster hits. In exchange, they get rewarded with outsize profits if a contractually pre-defined catastrophe doesn’t occur. Last year, everything came together for those investors in a uniquely profitable cocktail. “I don’t think we’ve seen a market like this since cat bonds were born in the 1990s,” said Toby Pughe, an analyst at Tenax. The London-based hedge fund’s portfolio of about 120 of the securities delivered an 18% return last year. The best hedge fund strategy of 2023 was a bet on insurance-linked securities (of which catastrophe bonds are the dominant sub-category), which generated over 14%, according to Preqin, a consultancy that provides data on the alternative asset management industry. Preqin’s benchmark return for the industry — across strategies — was 8%. That compares with a 19.7% gain in the Swiss Re Global Cat Bond Performance Index Total Return. Story continues Cat bond issuance has been turbo-charged by concern about extreme weather events fueled by climate change, and by decades-high inflation that’s added to the cost of rebuilding after natural disasters. But the seeds of 2023’s record cat-bond performance were planted several years ago. The securities were generally a dud bet as recently as 2017, when several large hurricanes slammed into the US and investors were called on to cough up the cash needed to cover property losses. Returns were also underwhelming in 2019 and 2020. Then, hurricane Ian hit Florida in September 2022. Ian was the most destructive storm in the state’s history, causing $100 billion in losses of which only 60% was insured, according to Munich Re. The event led insurers to shift more of the risk on their books to the capital markets. And with much higher reconstruction costs amid rampant inflation, the stage was set for the market for cat bonds to come roaring back. “The increase in insured values on the residential side went from 8% to 20%,” said Jean-Louis Monnier, global head of insurance-linked securities at Swiss Re. “Insurance companies needed to buy more cover.” In 2023, cat bond issuance reached an all-time high of $16.4 billion, including non-property and private transactions, according to Artemis, which tracks the market for insurance-linked securities. Those deals brought the total outstanding market to a record $45 billion, it estimates. To mop up the influx of newly-issued risk, cat bond investors demanded — and received — much bigger returns. Spreads — the premium over the risk-free rate that investors get paid to take on “catastrophe” risk — reached a high in early 2023. Returns were then amplified by a relatively benign US hurricane season, meaning fewer trigger events and more money for investors. Greg Hagood, co-founder of Nephila Capital, a $7 billion hedge fund specializing in reinsurance risk, said that last year’s spreads “were probably the highest they’ve been in my career, relative to the risk we’re taking.” Dominik Hagedorn, co-founder at Bermuda-based Tangency Capital, said hedge fund interest in insurance-linked securities has picked up “quite significantly” over the past 12 to 18 months. “Given where the spreads are at the moment, I wouldn’t be surprised if that stayed like that for another year or so,” he said. The impact of global warming on weather patterns is a key feature of cat bond modeling, with recent changes setting the stage for new patterns of loss. Karen Clark, a pioneer in modeling catastrophe risk, says there is increasing market interest in so-called secondary perils, such as severe convective storms, winter storms and wildfires, because that’s where the demand and opportunities are. “Climate change is having the biggest impact on wildfires,” where individual events will lead to losses ranging from $10 billion to $30 billion, said Clark, co-founder of Boston-based Karen Clark & Co. “That’s where the cat bond market can grow.” And earlier this month, Munich Re’s chief climate scientist, Ernst Rauch, said insurers are having to rethink how to classify storms. “We used to refer to regional thunderstorms as secondary perils because they only cause small or medium-sized damage on their own,” according to Rauch. “But as the number of thunderstorms increases, we have to think about a new classification.” Brett Houghton, a managing director at Fermat, which delivered about 20% last year on its roughly $10.8 billion of assets, said that such secondary perils are a good way to “help diversify your portfolio.” He also said they remain hard to model, which means they come with “some uncertainty.” Cat bonds are also expanding to include new kinds of risk. Last year marked the first time investors in public markets were able to buy exposure to cyber-catastrophe bonds, which corporate executives now rate as one of their most feared external threats. Cyber cat bonds “were a big success in 2023,” said Monnier of Swiss Re. “There’s still a limited subset of investors that can invest in cyber, but I think the next step will be a broadening of acceptance” from Wall Street. Global cat bond capacity has grown at about 4% annually for the past six years — adjusted for inflation — which is roughly in line with the growth of natural catastrophe exposures, according to Swiss Re Institute. Globally, ILS capital reached about $100 billion at the end of the third quarter of 2023, insurance broker Aon Plc estimates. Cat bond investors hoping for another record year should note that inflows have tightened spreads, according to Hagedorn at Tangency. And Tenax reckons its return on cat bonds this year may be around 10% to 12%, compared with last year’s 18%. That’s assuming 2024 is another “no loss year,” meaning there’s no natural disaster big enough to trigger the bonds’ carefully worded payment clauses. “I can’t tell you if there’s going to be a hurricane or earthquake this year, obviously,” said Hagood of Nephila Capital. “But what I can tell you is spreads are near historical highs in the sector. So broadly speaking, we believe the market is being well paid for the risk.” --With assistance from Nishant Kumar, Janet Paskin and Stephan Kahl. (Adds Munich Re comment about secondary perils, in 20th and 21st paragraphs.) Most Read from Bloomberg Businessweek The Downfall of Diddy Inc. How Sweden Quit Smoking Without Quitting Nicotine The Bitcoin Hype Is Back and About Just as Hollow as Before Japan’s Market Roars Back to Life—With Old-Timers Leading the Way ©2024 Bloomberg L.P.... - Reddit Posts (Sample): [['u/Lapollo', 'What would you do with the spare €10k? ', 11, '2024-02-19 00:14', 'https://www.reddit.com/r/irishpersonalfinance/comments/1au80jz/what_would_you_do_with_the_spare_10k/', 'If you had a spare €10k to put willingly towards investments, what would you invest it in? I’m not asking for a pension tactics or emergency fund advice or investing in myself. Strictly stock market investing or cryptocurrency? I own no BTC (but am watching its current movement daily) and only 2 ETH, or leaving to maybe even purchase a first home? I’m 24, live at home, have seperate savings and backup fund and just have 10k to put somehere and leave it be for years. I have few grand in stocks and crypto but gotten lazy the last year. Trying to get back into solidifying my future investments. What would you do? I promise I won’t sue any of you for the financial advice you are about to provide. I want to hear all your stories, opinions and advice.', 'https://www.reddit.com/r/irishpersonalfinance/comments/1au80jz/what_would_you_do_with_the_spare_10k/', '1au80jz', [['u/Deep-Palpitation-421', 11, '2024-02-19 00:53', 'https://www.reddit.com/r/irishpersonalfinance/comments/1au80jz/what_would_you_do_with_the_spare_10k/kr2bkb5/', "Depends on how involved you want to be with it. \n\nIf you're happy to execute trades and do your own tax returns then stuck it into degiro and trade away. Buy some of those iShares S&P500 ETFs or Ryanair stock or whatever you want. Learn how to use limit orders, stop loss, trailing stop loss etc and choose your buy/sell prices. OHLC charts are useful. You can trade commodities using limit orders on revolut too. \n\nOr if you'd prefer a.more hands off approach put it into AIB life / Irish Life / Zurich etc. they all have similar funds with slightly different names. Prisma Max, equity consensus fund 1, fusion 6, MAPs5 etc.", '1au80jz'], ['u/KerryDevVal', 26, '2024-02-19 01:10', 'https://www.reddit.com/r/irishpersonalfinance/comments/1au80jz/what_would_you_do_with_the_spare_10k/kr2e4oy/', 'Buy 10k of turf, I got about €30k worth stockpiled to sell on the black market once cutting isn’t allowed anymore', '1au80jz']]], ['u/the_modern_caveman88', 'The Bitcoin Hardware Store', 172, '2024-02-19 00:27', 'https://www.reddit.com/r/Bitcoin/comments/1au8c58/the_bitcoin_hardware_store/', 'New venture here in Bitcoin Beach, El Salvador! They sell all sorts of products from hardware wallets, nodes, seedphrase stamping sets, and they even have a Bitcoin ATM.', 'https://i.redd.it/yy7ujjtkhfjc1.jpeg', '1au8c58', [['u/Alpha__OmeGuh', 11, '2024-02-19 02:31', 'https://www.reddit.com/r/Bitcoin/comments/1au8c58/the_bitcoin_hardware_store/kr2q2r7/', "Yea just give me ur seed phrase and we'll take a look see if i could repair..", '1au8c58'], ['u/the_modern_caveman88', 12, '2024-02-19 04:04', 'https://www.reddit.com/r/Bitcoin/comments/1au8c58/the_bitcoin_hardware_store/kr339rp/', 'This was funny. Theres actually a rule, no personal seed phrase creation. Theres a seedsigner at the store available for demo which is used only as an educational tool.', '1au8c58']]], ['u/GeekyCodeJS', 'The only way to get more Bitcoin.', 15, '2024-02-19 00:27', 'https://www.reddit.com/r/Bitcoin/comments/1au8c7i/the_only_way_to_get_more_bitcoin/', "People shouldn't overlook the #1 wealth-building tool, which is their income. The less you have, the harder and slower it is for you to stack more Bitcoin.\n\nImagine if you can manage to increase your income from $30,000/year to $60,000/year; that's a 100% return on your money flowing in every month. This is way better than waiting for Bitcoin to reach $100,000 just to achieve the same 100% return.\n\nLearn in-demand skills, solve people's problems, and charge more money for it. Become so valuable that any market condition won't affect you.", 'https://www.reddit.com/r/Bitcoin/comments/1au8c7i/the_only_way_to_get_more_bitcoin/', '1au8c7i', [['u/richardto4321', 61, '2024-02-19 00:54', 'https://www.reddit.com/r/Bitcoin/comments/1au8c7i/the_only_way_to_get_more_bitcoin/kr2bpb3/', 'So basically, the best way to get more Bitcoin is to just have more money to get more Bitcoin. Wow Genius!', '1au8c7i'], ['u/richardto4321', 30, '2024-02-19 01:03', 'https://www.reddit.com/r/Bitcoin/comments/1au8c7i/the_only_way_to_get_more_bitcoin/kr2d0qo/', "I didn't miss your point. No one did. It's just that your advice applies to life and having healthy finances in general. It's not anything groundbreaking or new for acquiring Bitcoin in particular. I think everyone here gets it.", '1au8c7i'], ['u/Working_Asparagus_59', 13, '2024-02-19 01:03', 'https://www.reddit.com/r/Bitcoin/comments/1au8c7i/the_only_way_to_get_more_bitcoin/kr2d20r/', 'Just pull yourself up by the bootstraps and rob a bank 🤗', '1au8c7i'], ['u/BlockChad', 12, '2024-02-19 01:16', 'https://www.reddit.com/r/Bitcoin/comments/1au8c7i/the_only_way_to_get_more_bitcoin/kr2evhq/', 'lol why are you even entertaining this dumbass post?', '1au8c7i'], ['u/MimickingTheImage', 19, '2024-02-19 01:19', 'https://www.reddit.com/r/Bitcoin/comments/1au8c7i/the_only_way_to_get_more_bitcoin/kr2fbke/', "Dumbest post I've ever seen on here and that's saying a lot.", '1au8c7i'], ['u/observer942', 15, '2024-02-19 01:26', 'https://www.reddit.com/r/Bitcoin/comments/1au8c7i/the_only_way_to_get_more_bitcoin/kr2gfs5/', "Employers just double people's salary? You should do it, then.", '1au8c7i'], ['u/PeyroniesCat', 28, '2024-02-19 01:56', 'https://www.reddit.com/r/Bitcoin/comments/1au8c7i/the_only_way_to_get_more_bitcoin/kr2kwiw/', 'Just did it during my lunch break. Easy peasy.', '1au8c7i']]], ['u/AussieCryptoCurrency', 'BTC is instant and free! (Current tx fee USD$6.72, instant = 1 hour)', 100, '2024-02-19 00:56', 'https://www.reddit.com/r/Buttcoin/comments/1au8zme/btc_is_instant_and_free_current_tx_fee_usd672/', '\nSo many butters have been messaging me- I feel quite honoured to have my post history scoured (considering Reddit settings for Google searching is off and that requires manually searching posts).\n\nIn 10 years:\n* same block size\n* same transaction rate\n* miners more centralised\n* everybody still keeps their funds on centralised exchanges\n* no one runs nodes\n* the network is more centralised than ever before\n* whales own more BTC than ever before \n* tx fee is regularly USD$5-10 or more\n* BTC price up 100x\n\nWe’re early ', 'https://i.redd.it/snej7v9nmfjc1.jpeg', '1au8zme', [['u/justsightseeing', 21, '2024-02-19 01:08', 'https://www.reddit.com/r/Buttcoin/comments/1au8zme/btc_is_instant_and_free_current_tx_fee_usd672/kr2du8n/', 'but it have censorship resistance & decentralized\n\n\n\n\nfuck why would i want those things instead of\xa0\n\xa00 fee & astronomically faster tx speed?', '1au8zme'], ['u/borald_trumperson', 16, '2024-02-19 01:13', 'https://www.reddit.com/r/Buttcoin/comments/1au8zme/btc_is_instant_and_free_current_tx_fee_usd672/kr2eikz/', "You don't understand what a boon this is to third world mango sellers", '1au8zme'], ['u/anyprophet', 51, '2024-02-19 01:29', 'https://www.reddit.com/r/Buttcoin/comments/1au8zme/btc_is_instant_and_free_current_tx_fee_usd672/kr2gw6a/', "layer 2 solves this\n\n\n(please ignore that this throws away most of the supposed benefits of bitcoin and still doesn't work very well)", '1au8zme'], ['u/UniqueID89', 13, '2024-02-19 02:40', 'https://www.reddit.com/r/Buttcoin/comments/1au8zme/btc_is_instant_and_free_current_tx_fee_usd672/kr2rdci/', 'Few transact.', '1au8zme'], ['u/ApprehensiveSorbet76', 12, '2024-02-19 03:02', 'https://www.reddit.com/r/Buttcoin/comments/1au8zme/btc_is_instant_and_free_current_tx_fee_usd672/kr2ujcs/', 'The miners who validate and process transactions are specifically exempt from the Treasury Department’s KYC AML reporting requirements. What’s the dollar value of this exemption?\n\nCrypto bros got their hooks in with Janet Yellen and the Treasury Department. This compliance exemption is what enables all the crime. A 6 dollar transaction fee is nothing. How much do you think criminals would pay per transaction if they could pay regular banks to turn a blind eye like that? They’d happily pay a few bucks.', '1au8zme'], ['u/Chuckolator', 13, '2024-02-19 03:13', 'https://www.reddit.com/r/Buttcoin/comments/1au8zme/btc_is_instant_and_free_current_tx_fee_usd672/kr2w4xq/', 'At least my $6.72 is going to some electricity thieves in Texas instead 1.5 cents going to those evil engineers at Visa.', '1au8zme'], ['u/dyzo-blue', 15, '2024-02-19 04:49', 'https://www.reddit.com/r/Buttcoin/comments/1au8zme/btc_is_instant_and_free_current_tx_fee_usd672/kr39gex/', "But you shouldn't use it.\n\nhttps://github.com/davidshares/Lightning-Network", '1au8zme'], ['u/ross_st', 27, '2024-02-19 08:23', 'https://www.reddit.com/r/Buttcoin/comments/1au8zme/btc_is_instant_and_free_current_tx_fee_usd672/kr3wjs5/', "Check your Western privilege bro, what about North Koreans who need to build nukes and terrorists who can't use traditional bank accounts?", '1au8zme'], ['u/NorrisMcWhirter', 12, '2024-02-19 13:47', 'https://www.reddit.com/r/Buttcoin/comments/1au8zme/btc_is_instant_and_free_current_tx_fee_usd672/kr4ordt/', 'yeah not bad\n\nthey only need to improve that by two more orders of magnitude and it will be comparable to a free account with a standard consumer bank', '1au8zme']]], ['u/okhzmuskhsm', "He's so desperate", 16, '2024-02-19 00:58', 'https://www.reddit.com/r/bsv/comments/1au915f/hes_so_desperate/', '[https://www.reddit.com/r/law/comments/1atsoe5/is\\_a\\_witness\\_considered\\_a\\_strong\\_evidences\\_for/](https://www.reddit.com/r/law/comments/1atsoe5/is_a_witness_considered_a_strong_evidences_for/)\n\n[https://www.reddit.com/r/LawFirm/comments/1atsqc5/is\\_a\\_witness\\_considered\\_a\\_strong\\_evidences\\_for/](https://www.reddit.com/r/LawFirm/comments/1atsqc5/is_a_witness_considered_a_strong_evidences_for/)\n\n[https://www.reddit.com/r/LawCanada/comments/1atsrlh/is\\_a\\_testimonial\\_of\\_a\\_witness\\_considered\\_a\\_strong/](... 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:** ['Ethereumis experiencing a bullish run, climbing nearly 4% in a single day and boasting a 28% increase since the start of February. Analysts predict this upward trend could continue, driven by a confluence of positive factors, such as the highly anticipated Dencun upgrade. Scheduled for release within a month, this upgrade will introduce "proto-danksharding," a technology that reduces data availability costs and paves the way for faster and cheaper transactions.\nAdding to the excitement is the growing speculation that the US Securities and Exchange Commission (SEC) might finally approve a spot Ethereum ETF this year. The recent green light for several Bitcoin ETFs has fueled hope that Ethereum will follow suit, potentially attracting significant investments and boosting the token\'s price.\nFurther bolstering the bullish sentiment is the increasing confidence among traders, evident in the rising open interest in Ethereum futures and options contracts. CryptoQuant, a leading on-chain analytics platform, highlights this trend but cautions against complacency, emphasizing the potential for sudden sell-offs.\nTrading volume, a crucial indicator of market participation, is also picking up, although it hasn\'t quite reached the levels seen during the November 2021 bull run. Notably, major Bitcoin news, like the recent ETF approval, has triggered surges in Ethereum trading volume, suggesting its sensitivity to broader market developments.', 'ARK Invest, a prominent investment firm led by Cathie Wood, sold nearly half a million shares of Coinbase Global (COIN) for roughly $90 million last Friday. This move comes despite positive analyst sentiment following Coinbase\'s stronger-than-expected fourth-quarter results.\nARK, one of Coinbase\'s largest institutional backers, shed shares across its various exchange-traded funds (ETFs): 397,924 from ARKK, 45,433 from ARKW, and 55,792 from ARKF. This brings the total number of shares sold to 499,149.\nThis decision appears to contradict the bullish outlook from several analysts following Coinbase\'s earnings report. The stock surged nearly 27% last week, fueled by upbeat financial results. KBW upgraded the stock to "market perform" and raised its price target, while analysts at Wedbush, Canaccord Genuity, and JMP Securities also adjusted their targets upwards.\nHowever, not all analysts shared the optimism. JPMorgan criticized Coinbase for its lack of transparency regarding the impact of spot Bitcoin ETFs on its business. Whether ARK\'s move signals a broader concern about Coinbase or simply portfolio rebalancing remains to be seen.', "Hong Kong's crypto market is experiencing a surge of interest from established financial institutions, eager to capitalize on the booming demand for digital assets. Less than a year after regulatory approval for crypto exchanges, traditional brokerages like Tiger Brokers and Victory Securities are aggressively pursuing licenses to offer crypto trading services.\nTiger Brokers has already upgraded its Hong Kong license to include crypto trading for professional investors and institutions. Retail investors will soon be able to join the platform once the Securities and Futures Commission (SFC) grants approval. The firm plans to offer Bitcoin and Ethereum alongside traditional assets like stocks and options, with plans to explore altcoin listings subject to regulatory greenlight. Tiger Brokers views crypto as a natural business extension, citing synergy with its existing fintech expertise.\nVictory Securities isn't far behind, having secured a retail crypto trading license in November 2023. They've already witnessed significant growth in virtual asset transactions and new customers, prompting them to launch trading discounts to attract even more.\nPartnerships are also accelerating the crypto integration. Licensed crypto exchange OSL joined forces with Interactive Brokers to offer Bitcoin and Ethereum trading to retail investors through Interactive Brokers' platform. Additionally, Bybit, another crypto exchange, has submitted a retail trading license application, aiming to join the market.\nHowever, obtaining a license comes at a cost. Web3 firms seeking licenses need to invest up to $25 million in infrastructure and compliance, highlighting the commitment required to navigate the regulatory landscape.", "Thanks to booming optimism among investors, even what many consider to be speculative assets are experiencing strong gains. For example,Bitcoin(CRYPTO: BTC)has skyrocketed 211% since the start of 2023, and it's already up 22% this year (as of Feb. 15).\nBefore you rush to buy theworld's most valuable cryptocurrencyto take advantage of the momentum, take the time to understand the top five risks that it faces.\nWhen people think about what can go wrong with Bitcoin, I think the biggest risk factor that comes to mind isgovernments simply banning it. This means they would make it illegal to own it or transact with it, andmining the cryptocurrencywould also be a criminal act.\nBecause governments, with their central banks, control interest rates and money supply within their borders, it makes sense that they're threatened by Bitcoin. The decentralized monetary network is a direct competitor to the current monetary system.\nHowever, the recent approval of spot Bitcoinexchange-traded fundsprovided somewhat of a stamp of approval that this is indeed a legitimate financial asset in the eyes of regulators, at least in the U.S.\nBitcoin's entire security is dependent on cryptography. Whoever controls the private keys controls the Bitcoin. Up until this point, Bitcoin has never been hacked, which demonstrates how secure the network has been.\nBut quantum computing poses a risk. These are machines that can solve complex problems faster than regular computers. The worry is that quantum computing can crack Bitcoin's cryptography, exposing everyone'sprivate keys, thus rendering the network useless and worthless.\nOf course, in this scenario, every other piece of data that is protected by high levels of digital security -- like data from tech firms, financial institutions, or even governments -- could be hacked as well. In Bitcoin's case, developers could use quantum computing to come up with an upgraded version of the security system.\nBitcoin differs from other popular cryptocurrencies, likeEthereum,Cardano, orSolana, because its architecture is incredibly simple. This is purely by design. Simplicity limits the chances that something can go wrong.\nEthereum has numerous planned upgrades ahead. But this adds tremendous technical risk to the equation, because any time the software is changed, there's a high chance that an error will happen. This could undermine the entire network.\nBitcoin has had some upgrades in the past, which ended up being minor tweaks. However, should developers introduce major changes, issues could present themselves.\nBitcoin processes only 3.5 transactions per second, which is significantly below other cryptocurrencies, and far lower thanVisa's throughput of 65,000. Moreover, a typical Bitcoin transaction currently costs $9.40.\nSlow speeds and high fees are what critics point to as the key reasons why Bitcoin won't ever achieve mass adoption. Because the network is so decentralized, with no authority in charge, there's a big question about how Bitcoin can scale up to handle more activity.\nThelightning network is a prominent innovationthat could drive greater usage over time. This Layer 2 solution creates different payment channels between users, who then settle their final transactions to the main Bitcoin blockchain. But its success is far from guaranteed.\nBitcoin's current market cap sits at $1 trillion, comparable to some of the most dominant tech businesses on the face of the planet. And because of how much media coverage it gets, coupled with the growing list of financial products and services that support it, one could argue that Bitcoin has now become a mainstream asset.\nHowever, Bitcoin's price currently sits 23% below its all-time high, and there have been numerous instances historically where the asset experienced greater than 50% drawdowns. As more individual and institutional investors start to buy and hold Bitcoin, its volatility should naturally come down.\nFor some, though, the ongoing stretches of highs and lows might be too much to stomach. This could limit Bitcoin's ultimate adoption.\nShould you invest $1,000 in Bitcoin right now?\nBefore you buy stock in Bitcoin, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has\xa0more than tripled\xa0the return of S&P 500 since 2002*.\nSee the 10 stocks\n*Stock Advisor returns as of February 12, 2024\nNeil Pateland his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Cardano, Ethereum, Solana, and Visa. The Motley Fool has adisclosure policy.\n5 Top Risks Every Bitcoin Investor Should Knowwas originally published by The Motley Fool", "Thanks to booming optimism among investors, even what many consider to be speculative assets are experiencing strong gains. For example,Bitcoin(CRYPTO: BTC)has skyrocketed 211% since the start of 2023, and it's already up 22% this year (as of Feb. 15).\nBefore you rush to buy theworld's most valuable cryptocurrencyto take advantage of the momentum, take the time to understand the top five risks that it faces.\nWhen people think about what can go wrong with Bitcoin, I think the biggest risk factor that comes to mind isgovernments simply banning it. This means they would m **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: 2024-02-20 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,027,073,568,825 - Hash Rate: 572824723.2499672 - Transaction Count: 397096.0 - Unique Addresses: 638563.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Treasuries fell and big-tech fueled gains in stocks, with investors awaiting Thursday’s inflation data for clues on the outlook for Federal Reserve policy. Most Read from Bloomberg SEC Authorizes Bitcoin-Spot ETFs in Crypto’s Breakthrough Google Lays Off Hundreds in Hardware, Voice Assistant Teams Amazon’s Twitch to Cut 500 Employees, About 35% of Staff SEC Says FBI Is Investigating Compromise of Agency’s X Account These Are the World’s Most Powerful Passports in 2024 US 10-year yields topped 4% after briefly falling below that mark. The S&P 500 extended this week’s advance. Bitcoin traded near $46,000 as the US Securities and Exchange Commission approved Bitcoin ETF proposals on an accelerated basis. Oil fell as a surprise buildup in US stockpiles undercut the threat to supplies from Red Sea escalations. Fed Bank of New York President John Williams said monetary policy is now tight enough to guide inflation back to the target, but suggested policymakers need more evidence of cooling inflation before cutting interest rates. The upcoming consumer-price index is expected to give a taste of the disinflation trend. “We’re seeing a plausible path to inflation continuing to ease gradually, an end to Fed rate hikes, and a re-acceleration of economic growth in the back half of 2024,” said Arthur Hogan at B. Riley Wealth. Corporate Highlights: When Bank of America Corp., JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. kick off the industry’s fourth-quarter earnings reports Friday, their results are likely to show that net-interest margins felt continued pressure from higher funding costs. Boeing Co.’s chief Dave Calhoun said the planemaker must own up to its shortcomings as it grapples with a safety incident that has renewed questions over the quality of its manufacturing. Hewlett Packard Enterprise Co. agreed to buy Juniper Networks Inc. for $14 billion in a move that will expand its presence in networking but raised skepticism from Wall Street. Story continues Key events this week: US CPI, initial jobless claims, Thursday China CPI, PPI, trade, Friday UK industrial production, Friday US PPI, Friday Some of the biggest US banks report fourth-quarter results, Friday Minneapolis Fed President Neel Kashkari speaks, Friday ECB chief economist Philip Lane speaks, Friday Some of the main moves in markets: Stocks The S&P 500 rose 0.6% as of 4 p.m. New York time The Nasdaq 100 rose 0.7% The Dow Jones Industrial Average rose 0.5% The MSCI World index rose 0.4% Currencies The Bloomberg Dollar Spot Index was little changed The euro rose 0.3% to $1.0965 The British pound rose 0.2% to $1.2734 The Japanese yen fell 0.9% to 145.82 per dollar Cryptocurrencies Bitcoin rose 1.5% to $46,115.61 Ether rose 7.2% to $2,483.48 Bonds The yield on 10-year Treasuries advanced three basis points to 4.04% Germany’s 10-year yield advanced two basis points to 2.21% Britain’s 10-year yield advanced four basis points to 3.82% Commodities West Texas Intermediate crude fell 1.3% to $71.28 a barrel Spot gold fell 0.3% to $2,023.41 an ounce This story was produced with the assistance of Bloomberg Automation. Most Read from Bloomberg Businessweek Trumponomics 2.0: What to Expect If Trump Wins the 2024 Election US Is Weaponizing New Economic Tools to Slow China’s War Machine Elon Musk’s Alleged Drug Use Comes Under a Microscope Five ETFs to Watch in 2024 Tropical Underworld: The Murder Case That Could Topple an Alleged Crime Empire ©2024 Bloomberg L.P.... - Reddit Posts (Sample): [['u/RIP_Paul_Walkerr', 'Buying CKB in New York', 30, '2024-02-20 00:02', 'https://www.reddit.com/r/NervosNetwork/comments/1av1nbc/buying_ckb_in_new_york/', 'Has anyone done this recently? A couple years ago I bought a bunch, but I remember it was a somewhat a hassle. How are new yorkers currently buying? Can you still transfer BTC/ETC from Coinbase to Kucoin and exchange?\n\n​\n\n​', 'https://www.reddit.com/r/NervosNetwork/comments/1av1nbc/buying_ckb_in_new_york/', '1av1nbc', [['u/tonik24', 10, '2024-02-20 03:27', 'https://www.reddit.com/r/NervosNetwork/comments/1av1nbc/buying_ckb_in_new_york/kr8h229/', 'Rumor has it that CKB will list on Kraken this Thursday…', '1av1nbc']]], ['u/Far_Breakfast_5808', '[SERIOUS] Have BTC proponents or supporters, especially the ones who believe that BTC will be the currency of the world or their country if society collapses, seriously considered how that will work if society collapses?', 36, '2024-02-20 01:19', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/', "BTC and crypto in general require internet and electricity. If society were to collapse, both would be in very short supply. They'll exist, but probably not in the amount needed to process transactions, and this is assuming the scenario where *more* people use BTC then than are using them now. Batteries don't last forever and that juice still requires supply.\n\nIn addition, if society collapses, I have my doubts that people will even have things like wallets, crypto, or computers on their mind. In instances like this, it's always the most basic needs like food, shelter, clothing, water, and so on. Just imagine how impractical it is to do a BTC transaction during a period of collapse, rather than something far more practical like cash. And even if governments weren't around to give their hated fiat value, humans work in such a way that they'd agree to give values to cash anyway. That's how fiat first evolved in the first place. And if it's not cash, anything from IOU slips to even barter would work.\n\nHave these people who claim that BTC will be the currency of the dystopian future even thought for a sec the practicality of their scenario?", 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/', '1av3jdv', [['u/Chad_Broski_2', 39, '2024-02-20 01:23', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr7xr6h/', 'It\'s a very "fuck you, got mine" ideology that leads to shit like this. Butters think they\'ll survive the initial social upheaval and join up with a society that will rise out of the ashes, and that this society will HAVE to use their magic beans because...reasons. They also think it\'s a lot easier to protect their keys rather than trying to hold onto other assets, which may be partially correct, but in this wild fictional scenario I still feel like gold would be a far better choice', '1av3jdv'], ['u/jfrglrck', 51, '2024-02-20 01:29', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr7yoff/', 'None of it makes any sense whatsoever. \n\nIn the meantime I’d rather collect tulip bulbs. At least when society collapses I’d get flowers every spring.', '1av3jdv'], ['u/sciolycaptain', 17, '2024-02-20 01:31', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr7z2g1/', 'In that post collapse society, what will be valued will be useful knowledge, skills, and tangible assists like food and tools. Not cryptowallets.', '1av3jdv'], ['u/Val_Fortecazzo', 16, '2024-02-20 01:34', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr7zfwk/', 'Nope, too busy fantasizing about what they would do as the gods of the new world order.', '1av3jdv'], ['u/VintageLunchMeat', 13, '2024-02-20 01:54', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr82ntw/', "> In instances like this, it's always the most basic needs like food, shelter, clothing, water, and so on. \n\nCrypto enthusiasts, like traditional conservatives, reject the idea that the government should provide government services to the wrong people, excluding those involving firearms. That the state is illegitimate if it should tax them so that a poor black kid has school lunches.\n\nBut do not have a historical example of such a society to point at. Or a sketched out modern model.\n\nSetting aside feudalism. \n\n---\n\nIt goes back to the post Civil War southern white backlash, which was broadly successful, maybe.\n\nhttps://www.thenation.com/article/archive/exclusive-lee-atwaters-infamous-1981-interview-southern-strategy/\n\n---\n\nCryptocurrency, is partly a religious movement with end-times mythos.\n\n---\n\nWilhoit: Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect.\n\nIn light of this, cryptoids think they'll be among the saved and not those who get it in the neck when the apocalypse hits.", '1av3jdv'], ['u/toshex', 12, '2024-02-20 02:08', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr84rxt/', 'No zombie apocalypse movie has BTC in it. Simple as that.', '1av3jdv'], ['u/ugh_this_sucks__', 38, '2024-02-20 02:08', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr84wcv/', 'They have not. In their minds the USD collapses but for some reason everyone jumps on BTC because reasons. But whenever you ask why a government wouldn’t just make its own crypto, they just squeal at you.\n\nAlso, in their minds collapse just means “currency collapses.” They imagine that infrastructure and restaurants and Lambo dealerships will all still be perfectly operational but they’ll be suddenly hyper wealthy.', '1av3jdv'], ['u/Far_Breakfast_5808', 13, '2024-02-20 02:29', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr885w1/', "I would but I know I'll get banned if I do.", '1av3jdv'], ['u/DoxxThis1', 30, '2024-02-20 03:27', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr8h2ku/', '> Govt. creating their own crypto is nothing but fiat currency on some blockchain.\n\nAn anonymous rando (“Satoshi”) creating their own crypto is nothing but fantasy currency on some blockchain. What’s the point of this crypto?', '1av3jdv'], ['u/Far_Breakfast_5808', 10, '2024-02-20 03:42', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr8je80/', '>energy is sparse; communication lines are sporadic\n\nExactly. BTC as we know it today would pretty much not work in an apocalyptic world.', '1av3jdv'], ['u/SeboSlav100', 20, '2024-02-20 04:12', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr8nt4x/', "What markets? We sure don't know a single one.", '1av3jdv'], ['u/SeboSlav100', 12, '2024-02-20 04:15', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr8o9yd/', 'Ah so the fantasy one, got it. \n\n>There are more than 10 ETF product in USA focused on BTC and you say what markets?\n\nCalling them.product implies they serve purpose and have usage that is not crime.', '1av3jdv'], ['u/ugh_this_sucks__', 12, '2024-02-20 04:18', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr8ooay/', 'Ummm I think you’re a little confused about some of the words you’re using :)', '1av3jdv'], ['u/SeboSlav100', 11, '2024-02-20 04:19', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr8ow1i/', "I'm still waiting for the 1 trillion dollars market cap or any useful thing it's used for.\n\nBut I'll make a safe bet and say my grandchildren will be dead before that happens.", '1av3jdv'], ['u/foxbones', 10, '2024-02-20 04:27', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr8q0o4/', 'Yeah it\'s really sad. I have some Bitcoin, and have had some forever buying and selling occasionally, using occasionally, and genuinely interested in it.\n\nToo many people think that putting $500 from a Stimulus check is going to equal a Lamborghini, a mansion, and being surrounded by hot women in the near future. So many suffer from Powerball fantasies, but they think it is actually going to happen.\n\nDon\'t even get me started about the folks putting their entire Wendy\'s paycheck for 2 months in something called SantaCoin in December. Or posting "white papers" on something called "SafeMoon".\n\nScammers are probably having their roaring 20s between Crypto and MAGA folks.', '1av3jdv'], ['u/ugh_this_sucks__', 17, '2024-02-20 05:09', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr8vruv/', "But that's not a reason for a government to choose something.\n\nAlso, what exactly do you imagine would lead to that? Like, what are series of events you think might take place?", '1av3jdv'], ['u/Tallergeese', 14, '2024-02-20 05:16', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr8wpr4/', 'Tulip bulbs are actually edible too.', '1av3jdv'], ['u/FlixFlix', 10, '2024-02-20 05:38', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr8zgun/', '> _Have BTC supporters […] seriously considered […]\n\nIn the wise words of dogecoin creator Billy Markus when asked if he considered the environmental impact: “I didn’t consider anything”', '1av3jdv'], ['u/JasperJ', 12, '2024-02-20 09:51', 'https://www.reddit.com/r/Buttcoin/comments/1av3jdv/serious_have_btc_proponents_or_supporters/kr9o0ej/', 'In what way are other coins less decentralized than ... 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 the eleven spot bitcoin ETFs that launched in mid-January have garnered historic inflows from a variety of retail and institutional investors, a massive, barely tapped market awaits in the form of wealth managers who have traditionally shunned cryptocurrency.\nThe spot bitcoin ETFs, which launched Jan. 11, have collectively brought in over $3 billion in inflows, including the billions of dollars that have exited theGrayscale Bitcoin Trust (GBTC). Still, they are yet to conquer all markets.\nWider institutional investment, financial advisor adoptions and trading by major brokerages that are not permitting spot bitcoin trading will spur anotherroundof inflows.\n“The real winners in this are going to be the ones that win the wealth space in the U.S.,” Steve Kurz, Galaxy Digital Holdings Ltd.\'s global head of asset management said in an interview with etf.com. “And that hasn’t even begun yet, it’s just starting.”\nWhile financial advisors tend to favor ETFs due to the vehicle\'s low cost, accessibility and liquidity, many are adamant about staying away from cryptocurrency because of its volatility. Major asset managers, most prominently the Vanguard Group,forbidthe funds on their platforms, another potential barrier for opening the ETFs to a broader customer base.\nSpot Bitcoin ETF Race\nInvesco Ltd.’s commodity strategist Kathy Kriskey and Galaxy’s Kurz, in an interview at the ETF Exchange Conference in Miami Beach, Florida last week, said that education is a large part of winning over financial advisors, along with their clients pushing for the ETFs. They discussed with etf.com the barrier to further adoption of theInvesco Galaxy Bitcoin ETF (BTCO),which has been roughly in the middle of the spot bitcoin ETF pack with $315.4 million in assets.\n“There were certain wire houses that said ‘absolutely not, we have no interest’ and then once the products launched, all of a sudden they are considering it, they’re actually amusing calls,” said Kriskey.\nKurz also added that they expect “international pockets” of interest in the funds, along with hedge funds playing a significant role as institutional investors.\n“We’re already seeing the walls start to come down,” explained Kurz. “When you talk to senior management operational teams, operations and ETF teams, there’s increasingly coordination between those groups and a strategy developing… I think it literally is just a matter of time."\nKurz also said he expects hedge funds to ramp up investments in the funds. "They’re waiting for is options to list,” he said. “They’re waiting for liquidity to continue to develop around some of the better functioning products.”\nMatt Hougan, Chief Investment Officer of Bitwise Asset Management, said in a panel at the conference that he expects Vanguard,which has saidoutright it will not trade spot bitcoin ETFs on its platform, to eventually change their mind.\nContact Lucy Brewster [email protected].\nPermalink| © Copyright 2024etf.com.All rights reserved', 'While the eleven spot bitcoin ETFs that launched in mid-January have garnered historic inflows from a variety of retail and institutional investors, a massive, barely tapped market awaits in the form of wealth managers who have traditionally shunned cryptocurrency.\nThe spot bitcoin ETFs, which launched Jan. 11, have collectively brought in over $3 billion in inflows, including the billions of dollars that have exited theGrayscale Bitcoin Trust (GBTC). Still, they are yet to conquer all markets.\nWider institutional investment, financial advisor adoptions and trading by major brokerages that are not permitting spot bitcoin trading will spur anotherroundof inflows.\n“The real winners in this are going to be the ones that win the wealth space in the U.S.,” Steve Kurz, Galaxy Digital Holdings Ltd.\'s global head of asset management said in an interview with etf.com. “And that hasn’t even begun yet, it’s just starting.”\nWhile financial advisors tend to favor ETFs due to the vehicle\'s low cost, accessibility and liquidity, many are adamant about staying away from cryptocurrency because of its volatility. Major asset managers, most prominently the Vanguard Group,forbidthe funds on their platforms, another potential barrier for opening the ETFs to a broader customer base.\nSpot Bitcoin ETF Race\nInvesco Ltd.’s commodity strategist Kathy Kriskey and Galaxy’s Kurz, in an interview at the ETF Exchange Conference in Miami Beach, Florida last week, said that education is a large part of winning over financial advisors, along with their clients pushing for the ETFs. They discussed with etf.com the barrier to further adoption of theInvesco Galaxy Bitcoin ETF (BTCO),which has been roughly in the middle of the spot bitcoin ETF pack with $315.4 million in assets.\n“There were certain wire houses that said ‘absolutely not, we have no interest’ and then once the products launched, all of a sudden they are considering it, they’re actually amusing calls,” said Kriskey.\nKurz also added that they expect “international pockets” of interest in the funds, along with hedge funds playing a significant role as institutional investors.\n“We’re already seeing the walls start to come down,” explained Kurz. “When you talk to senior management operational teams, operations and ETF teams, there’s increasingly coordination between those groups and a strategy developing… I think it literally is just a matter of time."\nKurz also said he expects hedge funds to ramp up investments in the funds. "They’re waiting for is options to list,” he said. “They’re waiting for liquidity to continue to develop around some of the better functioning products.”\nMatt Hougan, Chief Investment Officer of Bitwise Asset Management, said in a panel at the conference that he expects Vanguard,which has saidoutright it will not trade spot bitcoin ETFs on its platform, to eventually change their mind.\nContact Lucy Brewster [email protected].\nPermalink| © Copyright 2024etf.com.All rights reserved', 'Bitcoin {{BTC}} exchange-traded funds posted the most trading since their debut in the U.S. last month.\nVolume amounted to nearly $2 billion, the highest total since the first day of trading on Jan. 11, Bloomberg Intelligence senior ETF analyst Eric Balchunas noted on X.\nVanEck\'s HODL ETF posted just under $400 million in volume, WisdomTree Bitcoin Fund (BTCW) saw $221.9 million in trades and BitWise\'s had $178.29 million.\nBalchunas posted that VanEck\'s HODL "is going wild today with $258 million in volume already, a 14x jump over its daily average."\n"And it\'s not one big investor (which would make sense) but rather 32,000 individual trades, which is 60x its average," he continued.\nIt has been suggested that the reason for the spike could be that U.S. markets were closed on Monday for Presidents\' Day, and trades over the weekend were settled on the first day of the workweek.\nAs for the price of bitcoin itself, it\'s changing hands just above $52,200,according to CoinDesk Indicies data, as the U.S. ends its trading day.\n“The strong Bitcoin ETF inflow by institutional investors indicates risk-on sentiment. Meanwhile, Gold ETFs have seen a net outflow. The outflow of gold ETFs might be due to global investors’ rising demand for US equity," Greta Yuan, head of research at VDX, a regulated Hong Kong exchange, wrote in an email interview.\nGold ETFs have experienced significant outflows since the launch of 10 spot bitcoin ETFs on Jan. 11, with nearly $10 billion in inflows into the two largest bitcoin ETFs, although this does not necessarily imply a direct migration of funds from gold to bitcoin,CoinDesk previously reported.\n"While U.S. equity keeps going higher, led by AI stocks, we will likely see BTC, ETH keep reaching higher ahead of bitcoin halving,” she continued.', 'Bitcoin {{BTC}} exchange-traded funds posted the most trading since their debut in the U.S. last month.\nVolume amounted to nearly $2 billion, the highest total since the first day of trading on Jan. 11, Bloomberg Intelligence senior ETF analyst Eric Balchunas noted on X.\nVanEck\'s HODL ETF posted just under $400 million in volume, WisdomTree Bitcoin Fund (BTCW) saw $221.9 million in trades and BitWise\'s had $178.29 million.\nBalchunas posted that VanEck\'s HODL "is going wild today with $258 million in volume already, a 14x jump over its daily average."\n"And it\'s not one big investor (which would make sense) but rather 32,000 individual trades, which is 60x its average," he continued.\nIt has been suggested that the reason for the spike could be that U.S. markets were closed on Monday for Presidents\' Day, and trades over the weekend were settled on the first day of the workweek.\nAs for the price of bitcoin itself, it\'s changing hands just above $52,200,according to CoinDesk Indicies data, as the U.S. ends its trading day.\n“The strong Bitcoin ETF inflow by institutional investors indicates risk-on sentiment. Meanwhile, Gold ETFs have seen a net outflow. The outflow of gold ETFs might be due to global investors’ rising demand for US equity," Greta Yuan, head of research at VDX, a regulated Hong Kong exchange, wrote in an email interview.\nGold ETFs have experienced significant outflows since the launch of 10 spot bitcoin ETFs on Jan. 11, with nearly $10 billion in inflows into the two largest bitcoin ETFs, although this does not necessarily imply a direct migration of funds from gold to bitcoin,CoinDesk previously reported.\n"While U.S. equity keeps going higher, led by AI stocks, we will likely see BTC, ETH keep reaching higher ahead of bitcoin halving,” she continued.', 'By Tom Wilson\nLONDON, Feb 21 (Reuters) - Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said on Wednesday "aligned with its efforts to ensure that USDC remained trusted, transparent and safe".\nBoston-based Circle said in a blog that, effective immediately, it would no longer mint USDC tokens on Tr **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: 2024-02-21 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,013,370,243,338 - Hash Rate: 560636963.180819 - Transaction Count: 369949.0 - Unique Addresses: 630339.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.78 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Terraform Labs, the company behind the stablecoins TerraUSD and Luna, whichcollapsed the cryptocurrency industry in 2022, has filed for bankruptcy in the United States. The Singapore-based company filed a Chapter 11 bankruptcy protection document on Sunday at a court in Delaware. Terraform Labs’ estimated assets and liabilities range from $100 million (€90 million) to $500 million (€460 million), the document read. The spectacular crash of its stablecoins wiped out at least $40 billion (€36 billion) in market value when it lost its $1 peg, collapsing the crypto market and causing many to lose their life savings. The token UST, created by Terraform Labs, was an algorithmic stablecoin, which means that instead of having cash and other assets held in a reserve to back its token, it uses a complex mix of code and Luna to stabilise the process. Stablecoins claim to be a relatively safe haven in the highly volatile crypto market. But the saga proved algorithmic stablecoins, which are a complicated and lower quality type of banking reserve, are just as volatile as other cryptocurrencies. • FTX crypto 'king' Bankman-Fried guilty of 'one of the biggest financial frauds in American history' • Are we trading Bitcoin’s price for its centralisation? Last February, the US Securities and Exchange Commission charged Terraform Labs co-founderDo Kwonwith defrauding US investors who bought TerraUSD and Luna. Kwon, who owns a 92 per cent stake in the company, is currently in custody in Montenegro for using falsified documents to leave the US in March. The company said the filing is “a strategic step that will enable it to continue its operations and support litigation pending in Singapore and US litigation involving the Securities and Exchange Commission”. The company also said in a statement that it plans to continue building its Web3 business. It launched the crypto wallet Station v3 in January. “The Terra community and ecosystem have shown unprecedented resilience in the face of adversity, and this action is necessary to allow us to continue working toward our collective goals while resolving the legal challenges that remain outstanding,” said Chris Amani, CEO of Terraform Labs.... - 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:** ['Top 10 Creations (All ETFs)\n[{"Ticker": "IVV", "Name": "iShares Core S&P 500 ETF", "Net Flows ($, mm)": "627.42", "AUM ($, mm)": "434,899.55", "AUM % Change": "0.14%"}, {"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Net Flows ($, mm)": "335.04", "AUM ($, mm)": "406,556.44", "AUM % Change": "0.08%"}, {"Ticker": "SHY", "Name": "iShares 1-3 Year Treasury Bond ETF", "Net Flows ($, mm)": "220.32", "AUM ($, mm)": "25,483.24", "AUM % Change": "0.86%"}, {"Ticker": "VEA", "Name": "Vanguard FTSE Developed Markets ETF", "Net Flows ($, mm)": "216.67", "AUM ($, mm)": "124,496.53", "AUM % Change": "0.17%"}, {"Ticker": "FBTC", "Name": "Fidelity Wise Origin Bitcoin Fund", "Net Flows ($, mm)": "216.44", "AUM ($, mm)": "4,350.42", "AUM % Change": "4.98%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Net Flows ($, mm)": "191.37", "AUM ($, mm)": "6,204.24", "AUM % Change": "3.08%"}, {"Ticker": "HYG", "Name": "iShares iBoxx USD High Yield Corporate Bond ETF", "Net Flows ($, mm)": "168.95", "AUM ($, mm)": "17,233.34", "AUM % Change": "0.98%"}, {"Ticker": "VCIT", "Name": "Vanguard Intermediate-Term Corporate Bond ETF", "Net Flows ($, mm)": "159.16", "AUM ($, mm)": "45,696.39", "AUM % Change": "0.35%"}, {"Ticker": "VT", "Name": "Vanguard Total World Stock ETF", "Net Flows ($, mm)": "148.24", "AUM ($, mm)": "34,037.48", "AUM % Change": "0.44%"}, {"Ticker": "VXUS", "Name": "Vanguard Total International Stock ETF", "Net Flows ($, mm)": "140.60", "AUM ($, mm)": "65,065.47", "AUM % Change": "0.22%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "-2,260.55", "AUM ($, mm)": "247,024.32", "AUM % Change": "-0.92%"}, {"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Net Flows ($, mm)": "-1,848.22", "AUM ($, mm)": "488,571.77", "AUM % Change": "-0.38%"}, {"Ticker": "LQD", "Name": "iShares iBoxx USD Investment Grade Corporate Bond ETF", "Net Flows ($, mm)": "-1,182.03", "AUM ($, mm)": "31,893.24", "AUM % Change": "-3.71%"}, {"Ticker": "FDVV", "Name": "Fidelity High Dividend ETF", "Net Flows ($, mm)": "-485.46", "AUM ($, mm)": "2,249.57", "AUM % Change": "-21.58%"}, {"Ticker": "IWB", "Name": "iShares Russell 1000 ETF", "Net Flows ($, mm)": "-302.66", "AUM ($, mm)": "33,787.51", "AUM % Change": "-0.90%"}, {"Ticker": "XLU", "Name": "Utilities Select Sector SPDR Fund", "Net Flows ($, mm)": "-159.24", "AUM ($, mm)": "12,091.68", "AUM % Change": "-1.32%"}, {"Ticker": "GBTC", "Name": "Grayscale Bitcoin Trust ETF", "Net Flows ($, mm)": "-150.44", "AUM ($, mm)": "23,490.33", "AUM % Change": "-0.64%"}, {"Ticker": "SOXL", "Name": "Direxion Daily Semiconductor Bull 3X Shares", "Net Flows ($, mm)": "-128.32", "AUM ($, mm)": "8,587.98", "AUM % Change": "-1.49%"}, {"Ticker": "SPSB", "Name": "SPDR Portfolio Short Term Corporate Bond ETF", "Net Flows ($, mm)": "-118.80", "AUM ($, mm)": "7,246.99", "AUM % Change": "-1.64%"}, {"Ticker": "SHYG", "Name": "iShares 0-5 Year High Yield Corporate Bond ETF", "Net Flows ($, mm)": "-117.94", "AUM ($, mm)": "5,362.27", "AUM % Change": "-2.20%"}]\nETF Daily Flows By Asset Class\n[{"": "Alternatives", "Net Flows ($, mm)": "4.90", "AUM ($, mm)": "6,917.61", "% of AUM": "0.07%"}, {"": "Asset Allocation", "Net Flows ($, mm)": "10.84", "AUM ($, mm)": "17,141.66", "% of AUM": "0.06%"}, {"": "Commodities", "Net Flows ($, mm)": "-56.22", "AUM ($, mm)": "122,821.17", "% of AUM": "-0.05%"}, {"": "Currency", "Net Flows ($, mm)": "439.06", "AUM ($, mm)": "41,456.42", "% of AUM": "1.06%"}, {"": "International Equity", "Net Flows ($, mm)": "427.19", "AUM ($, mm)": "1,392,221.35", "% of AUM": "0.03%"}, {"": "International Fixed Income", "Net Flows ($, mm)": "482.52", "AUM ($, mm)": "173,998.13", "% of AUM": "0.28%"}, {"": "Inverse", "Net Flows ($, mm)": "-264.97", "AUM ($, mm)": "14,425.27", "% of AUM": "-1.84%"}, {"": "Leveraged", "Net Flows ($, mm)": "24.41", "AUM ($, mm)": "87,369.59", "% of AUM": "0.03%"}, {"": "U.S. Equity", "Net Flows ($, mm)": "-3,075.70", "AUM ($, mm)": "5,181,056.63", "% of AUM": "-0.06%"}, {"": "U.S. Fixed Income", "Net Flows ($, mm)": "-530.44", "AUM ($, mm)": "1,355,777.62", "% of AUM": "-0.04%"}, {"": "Total:", "Net Flows ($, mm)": "-2,538.42", "AUM ($, mm)": "8,393,185.45", "% of AUM": "-0.03%"}]\nDisclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.\nPermalink| © Copyright 2024etf.com.All rights reserved', "It certainly feels like we're in the midst of a crypto correction these days. Among the best asset classes for investment in the early days of the year, many digital coins and tokens have reversed course in recent days by trading lower.\nThat trend continued on Wednesday, with top coinEthereum(CRYPTO: ETH)down by more than 2% in late afternoon trading and high-profile meme coinDogecoin(CRYPTO: DOGE)sliding at a similar rate. Other altcoins were taking harder hits, includingAxie Infinity(CRYPTO: AXS)andOptimism(CRYPTO: OP), which were heading south at a nearly 6% and almost 11% clip, respectively.\nInterestingly, it seems a major factor driving crypto prices skyward recently might be a reason for them sliding now. SpotBitcoinexchange-traded funds (ETFs)continue to surge in popularity, soaring to multiweek highs in trading action on Tuesday. According to crypto news and analytics site TheBlock.com, the volume of such securities that day reached nearly $2.6 billion.\nInvestors likespot Bitcoin ETFsbecause they provide near-direct exposure to Bitcoin without the hassle of having to manage it. This typically involves opening, funding, and maintaining a specialized crypto trading account and handling the often wonky particulars of digital wallet management. With a spot Bitcoin ETF, all an interested investor needs to do is buy shares through a traditional brokerage.\nAs a group, cryptos also tend to wane when there's hot action in other types of securities. Wednesday was all about tech stocks -- remember those? Much of the investment world was focused particularly on the latest quarterly report published after market hours Wednesday by graphics processing unit (GPU) titanNvidia(spoiler alert; the company did gangbusters in its fourth quarter, beating on both the top and bottom lines).\nWith much action in all manner of tech stocks in advance of that earnings release, it's likely that some crypto-holders did a little reallocating by shifting part of their funds from coins/tokens to tech equities.\nNvidia is likely to stay the investment story for the rest of the week, and those spot Bitcoin ETFs sure aren't going anywhere. Considering that, there's more than a small chance this crypto correction could last for a few more days.\nAs usual in market downturns, though, that would open up opportunities for buying on the slump. Personally, I'll be holding on to my (admittedly tiny) Ethereum position, as that coin is almost certain to be the next digital asset getting the spot ETF treatment. Dogecoin is always somewhat of a dodgy investment given its continued lack of utility and its volatility, but utility plays like Optimism could rise along with the coming of spot Ethereum ETFs.\nShould you invest $1,000 in Ethereum right now?\nBefore you buy stock in Ethereum, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Ethereum wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has\xa0more than tripled\xa0the return of S&P 500 since 2002*.\nSee the 10 stocks\n*Stock Advisor returns as of February 20, 2024\nEric Volkmanhas positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Nvidia. The Motley Fool has adisclosure policy.\nWhy Cryptocurrencies Like Ethereum and Dogecoin Were Sinking Todaywas originally published by The Motley Fool", 'Bitcoin\'s recent bullish momentum took a hit on February 21, as the leading cryptocurrency struggled to break through resistance and even dipped towards its lows from the previous week. This pullback has analysts divided on the near-term outlook, with some urging caution and others highlighting potential catalysts for volatility in the coming days.\nOne key factor contributing to the uncertainty is the ongoing retesting of support levels. After reaching new 26-month highs of $53,000, Bitcoin encountered significant selling pressure. Even the anticipated boost from potential buyer interest in the newly launched spot exchange-traded funds (ETFs) failed to lift the market sentiment.\nHowever, not everyone is ready to call a bearish turn. Trader Daan Crypto Trades advised against overreacting to the current sentiment, suggesting that it might be premature to assume a definitive downward trend. He emphasized the need for confirmation before making directional bets.\nAnother potential source of volatility identified by QCP Capital is the upcoming earnings report from tech giant Nvidia. High funding rates in the Bitcoin market are currently contributing to the price weakness, and the firm believes that any disappointment in Nvidia\'s earnings could trigger a sell-off across risk assets, including Bitcoin. Daan Crypto Trades echoed this sentiment, predicting a potentially "frothy" week if Nvidia beats expectations and sends its stock price soaring.', 'Bitcoin\'s recent bullish momentum took a hit on February 21, as the leading cryptocurrency struggled to break through resistance and even dipped towards its lows from the previous week. This pullback has analysts divided on the near-term outlook, with some urging caution and others highlighting potential catalyst **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: 2024-02-22 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,015,157,383,200 - Hash Rate: 548449203.1116709 - Transaction Count: 365090.0 - Unique Addresses: 642155.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.74 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- The European Union will take the next step this week in its effort to recreate itself into a global power that can leverage its massive single market to rebuff coercive actions from the likes of Beijing, Moscow and even Washington. Most Read from Bloomberg Florida Governor DeSantis Drops Out of 2024 Race, Endorses Trump Hong Kong Stocks at 36% Discount Show True Depth of China Gloom Morgan Stanley, JPMorgan Say Buy the Dip After Treasury Rout Gloom Over China Assets Is Spreading Beyond Battered Stocks Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk The EU’s executive arm will unveil a proposal on Wednesday with rules aimed at boosting its power to screen and potentially block foreign investment in sensitive industries — including from foreign-controlled companies within the bloc — as well as considering the creation of a fund to increase the development of technologies that can serve both military and civil purposes, according to a draft of the plan seen by Bloomberg. The Covid pandemic and Russia’s war against Ukraine exposed the EU’s over-reliance on supplies from other nations, as well as trade vulnerabilities with partners that don’t share the bloc’s values. That’s focused attention on the need to defend the EU’s economic security, both to safeguard the supply of imported technology and to make sure that competitors can’t gain control of Europe’s strategic industries. The new strategy seeks to address “risks to EU economic security, while ensuring that the EU remains a most attractive destination for business and investment,” according to the draft, which is still subject to change. The goal would be to strengthen the EU and member states’ ability to address “ongoing risk assessments related to supply chains, technologies, infrastructures and economic coercion.” European Commission President Ursula von der Leyen warned last week of “the greatest risk to the global order in the post-war era.” Read more: Red Sea Shipping Chaos Worsens as US Strikes Broaden Crisis Story continues Critical technologies identified by the EU include advanced semiconductors, artificial intelligence, quantum technologies and biotechnologies. But the commission won’t decide until February whether further action is needed to boost technology security and mitigate risks based on the conclusions of the risk assessments on these areas that run jointly with member states. This week’s package will include five initiatives, including: Strengthening of the foreign direct investment regulation; Coordination of export controls; Options to support the research of dual-use technologies; Ideas to improve research security; First steps toward a new tool to control leaks of sensitive know-how to adversaries through European investments overseas. Assertive Trade The economy the EU is trying to shield is in much worse shape than that of China or the US. The euro area was probably in a recession in the second half of last year and grew just 0.6% in 2023 as a whole. That compares with expansion rates above 5% for China and more than 2% in the US. The economic security package will build on the EU’s efforts to date to become a more robust global actor, even as it remains a champion of multilateralism. Read more: EU, China Raise EV and Liquor Probes in Davos Meeting The commission in 2021 outlined a new trade doctrine in which assertiveness was added to the open and green mix, and it’s expanded its economic toolbox to counter so-called bullies, including China, with a new anti-coercion instrument. Since it started buying key European companies over the past decade — including Germany robot-maker Kuka in 2016 — China’s rise has led the bloc to look for ways to strengthen its economic arsenal. Relations worsened since the EU in 2019 labeled Beijing as a systemic rival, and suspended a bilateral investment agreement amid a tit-for-tat sanction dispute over human rights. As a result, the EU has pursued a strategy of de-risking from China instead of fully decoupling, in spite of pressure from the more aggressive stance taken by the US. But the bloc is also competing with Washington. The two allies have failed to solve a years-long dispute over steel and aluminum tariffs, and are competing for resources and companies to accelerate the development of clean and digital technologies. Read more: How World Fell Into a Subsidy Race for Climate Goals: QuickTake The EU remains at a disadvantage due to its high level of energy dependence and the lack of many of the critical materials needed for the green and digital transitions. The pandemic also exposed the vulnerabilities of the EU’s supply chains. Those tensions have brought efforts to remain competitive in a hostile environment to the top of Europe’s agenda, with trade now seen as an essential tool to secure resources and supply chains, and to cement alliances. The EU’s trade chief, Valdis Dombrovskis, said on Friday that 2024 will be a challenging year, with the war in Ukraine, soon to enter a third year, and the Middle East conflict having the potential to disrupt trade and supply chains even further. --With assistance from Zoe Schneeweiss. Most Read from Bloomberg Businessweek The Downfall of Diddy Inc. How Sweden Quit Smoking Without Quitting Nicotine The Bitcoin Hype Is Back and About Just as Hollow as Before Japan’s Market Roars Back to Life—With Old-Timers Leading the Way ©2024 Bloomberg L.P.... - 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 Ashitha Shivaprasad and Manya Saini\n(Reuters) -A surge of interest in bitcoin exchange-traded funds is prompting some investors to swap out holdings in gold-backed ETFs, although analysts and fund managers said they are unlikely to challenge bullion longer term.\nSpot bitcoin ETFs could offer investors looking to hedge against inflation an alternative to gold. ETFs track an index, commodities, bonds or a basket of assets like an index fund.\nAnd January\'s U.S. regulatory green light for ETFs that track the price of the world\'s largest digital asset has set the ETF market - worth trillions of dollars - up for further gains.\nThe advent of ETFs in gold in the early 2000s added a major pillar of support to the market by creating new demand, causing prices to soar in subsequent years.\n"We anticipate that bitcoin could substitute for gold in some investor portfolios. It may serve a similar role as a hedge against global disorder and financial system dysfunction," said Jason Benowitz, senior portfolio manager at CI Roosevelt.\nSince the Jan. 10 U.S. approval, two of the biggest new spot bitcoin ETFs, iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, had accumulated $5.45 billion and $4.13 billion in assets respectively as of Feb. 14, LSEG Lipper data shows.\nMeanwhile, the largest gold-backed ETF, New York\'s SPDR Gold Trust, saw outflows of $768.9 million over the same period, while the iShares Gold Trust had outflows of $284.6 million.\nNEW HAVEN?\nThe launch of the new products comes against a rally in the prices of crypto tokens. Bitcoin surged more than 150% in 2023, while gold climbed a far more modest 13%.\n"Overall, the crypto industry is maturing and ... with more regulatory approval and a new legitimized product, it\'s a growing threat to older havens like gold in some regions," Nicky Shiels, head of metals strategy at MKS PAMP SA said in a note.\nEven so, some fund managers and analysts urged caution against migrating from gold ETFs, citing bitcoin\'s volatility.\n"Gold has been valued for thousands of years, while bitcoin is in its infancy," said Bryan Armour, an ETF analyst at Morningstar.\nGold is typically seen as a safe place to park money in times political or economic uncertainty, such as a rapid rise in inflation.\n"Given that gold doesn\'t pay dividends like many stocks, its more useful for wealth preservation than wealth generation," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.\n"Bitcoin speculators have vastly different aims and appear willing to gamble on rapid price rises in a search for hot returns, which are by no means guaranteed," Streeter added.\n(Reporting by Ashitha Shivaprasad and Manya Saini in Bengaluru; Editing by Arpan Varghese, Veronica Brown and Alexander Smith)', 'By Ashitha Shivaprasad and Manya Saini\n(Reuters) -A surge of interest in bitcoin exchange-traded funds is prompting some investors to swap out holdings in gold-backed ETFs, although analysts and fund managers said they are unlikely to challenge bullion longer term.\nSpot bitcoin ETFs could offer investors looking to hedge against inflation an alternative to gold. ETFs track an index, commodities, bonds or a basket of assets like an index fund.\nAnd January\'s U.S. regulatory green light for ETFs that track the price of the world\'s largest digital asset has set the ETF market - worth trillions of dollars - up for further gains.\nThe advent of ETFs in gold in the early 2000s added a major pillar of support to the market by creating new demand, causing prices to soar in subsequent years.\n"We anticipate that bitcoin could substitute for gold in some investor portfolios. It may serve a similar role as a hedge against global disorder and financial system dysfunction," said Jason Benowitz, senior portfolio manager at CI Roosevelt.\nSince the Jan. 10 U.S. approval, two of the biggest new spot bitcoin ETFs, iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, had accumulated $5.45 billion and $4.13 billion in assets respectively as of Feb. 14, LSEG Lipper data shows.\nMeanwhile, the largest gold-backed ETF, New York\'s SPDR Gold Trust, saw outflows of $768.9 million over the same period, while the iShares Gold Trust had outflows of $284.6 million.\nNEW HAVEN?\nThe launch of the new products comes against a rally in the prices of crypto tokens. Bitcoin surged more than 150% in 2023, while gold climbed a far more modest 13%.\n"Overall, the crypto industry is maturing and ... with more regulatory approval and a new legitimized product, it\'s a growing threat to older havens like gold in some regions," Nicky Shiels, head of metals strategy at MKS PAMP SA said in a note.\nEven so, some fund managers and analysts urged caution against migrating from gold ETFs, citing bitcoin\'s volatility.\n"Gold has been valued for thousands of years, while bitcoin is in its infancy," said Bryan Armour, an ETF analyst at Morningstar.\nGold is typically seen as a safe place to park money in times political or economic uncertainty, such as a rapid rise in inflation.\n"Given that gold doesn\'t pay dividends like many stocks, its more useful for wealth preservation than wealth generation," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.\n"Bitcoin speculators have vastly different aims and appear willing to gamble on rapid price rises in a search for hot returns, which are by no means guaranteed," Streeter added.\n(Reporting by Ashitha Shivaprasad and Manya Saini in Bengaluru; Editing by Arpan Varghese, Veronica Brown and Alexander Smith)', "For the quarter ended December 2023, Block (SQ) reported revenue of $5.77 billion, up 24.1% over the same period last year. EPS came in at $0.45, compared to $0.22 in the year-ago quarter.\nThe reported revenue compares to the Zacks Consensus Estimate of $5.69 billion, representing a surprise of +1.47%. The company delivered an EPS surprise of -22.41%, with the consensus EPS estimate being $0.58.\nWhile investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.\nAs these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.\nHere is how Block performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:\n• Gross Payment Volume (GPV): $57.49 billion versus $58.85 billion estimated by seven analysts on average.\n• Revenue- Subscription and services-based revenue: $1.62 billion versus the nine-analyst average estimate of $1.55 billion. The reported number represents a year-over-year change of +24.3%.\n• Revenue- Transaction-based revenue: $1.60 billion compared to the $1.61 billion average estimate based on nine analysts. The reported number represents a change of +8.2% year over year.\n• Revenue- Bitcoin revenue: $2.52 billion compared to the $2.48 billion average estimate based on nine analysts. The reported number represents a change of +37.5% year over year.\n• Revenue- Hardware revenue: $32.46 million versus $39.47 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a -8.9% change.\n• Revenue- Corporate and Other- Total: $49.70 million versus $57.52 million estimated by six analysts on average.\n• Revenue- Square- Total: $1.81 billion versus $1.92 billion estimated by six analysts on average.\n• Revenue- Square- Hardware revenue: $32.46 million compared to the $40.18 million average estimate based on five analysts.\n• Revenue- Square- Subscription and services-based revenue: $293.16 million compared to the $387.33 million average estimate based on five analysts.\n• Revenue- Square- Transaction-based revenue: $1.49 billion versus $1.48 billion estimated by five analysts on average.\n• Revenue- Cash App- Bitcoin revenue: $2.52 billion compared to the $2.45 billion average estimate based on five analysts.\n• Revenue- Cash App- Transaction-based revenue: $108.99 million versus the five-analyst average estimate of $123.72 million.\nView all Key Company Metrics for Block here>>>Shares of Block have returned +3% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.\nWant 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\nBlock, Inc. (SQ) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research", '(Bloomberg) -- Reddit Inc. filed for an initial public offering, revealing the social media platform’s shrinking losses and helping to propel a still-tenuous resurgence in US listings.\nMost Read from Bloomberg\n• A Spike in Heart Disease Deaths Since Covid Is Puzzling Scientists\n• BYD’s New $233,450 EV Supercar to Rival Ferrari, Lamborghini\n• Freddie Mercury’s London Residence Lists at £30 Million\n• Jacob Rothschild, Financier and Philanthropist, Dies at 87\nThe San Francisco-based company, in what is set to be one of the biggest listings of the year, filed Thursday with the US Securities and Exchange Commission to move ahead with an IPO, more than two years after first submitting its plan confidentially.\nReddit won’t disclose proposed terms for the IPO, including its valuation in a listing, until a later filing. The company has been advised to consider a valuation of at least $5 billion in an IPO and could begin marketing the shares as soon as March, Bloomberg News has reported.\nReddit, founded in 2005, averaged 73.1 million daily active unique visitors in the fourth quarter, according to the filing. It became an icon of the so-called meme-stock e **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: 2024-02-23 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,002,571,397,250 - Hash Rate: 645951283.6648567 - Transaction Count: 409204.0 - Unique Addresses: 679759.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.76 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin and a host of associated stocks and tokens headed higher as the year-end approaches, as markets continue to brace for a spot bitcoin ETF approval in the US. While applications have been in the offing for years, it's only been recently that there has been a glimmer of hope from the SEC that it might ratify some attempts from bigger players like Blackrock and Fidelity. Bitcoin was trading at just over $43,000 (£33,583). It is up from around $17,000 at the start of the year. Ethereum (ETH-USD) also gained 5.8% to trade at $2,382. According to dataCoinMarketCap, the total crypto market cap is up about 2.2% over the past day. Besides coins, the sentiment across crypto-related stocks was generally good, with Marathon (MARA) finishing 15.2% higher on Wednesday, crypto exchange Coinbase (COIN) gaining 7.7% and Microstrategy (MSTR) up 11.1%. Oil prices headed lower on Thursday, pulling back after a jump earlier in the week as tensions in the Middle East continue at a high octane. Gains after Christmas had been supported by a weaker dollar, which fell due to worries about the continued conflict between Israeli forces and Hamas. Recent days have seen a de-escalation of troubles in the Red Sea, but worries continue especially related to Iran's involvement in the region. Crude oil was down 0.5% to $73.76 a barrel. Brent crude was also down 0.5% to trade around $79.27. Read more:What is a recession and what does it mean for me? Tesla stock was rallying into the end of the year in premarket trade on Thursday, gaining 0.8% by 9.30am in London. This continues the 1.8% gain it saw on Wednesday. The rally follows a note by Morgan Stanley analyst Adam Jonas, which told investors to "expect another challenging year for the auto business." The note covered the EV maker's ventures into robotics and AI, which it said could push the stock higher against margin pressures. Jones' team reiterated the "Overweight" rating and $380 price target per share it has on Tesla's stock. Apple stock ticked up 0.3% in pre-market trade as a US appeals court temporarily lifted a federal agency’s import ban on Apple watch models. Apple has been embroiled in a patent litigation on its flagship timepiece, which caused it to halt sales of its Apple Watch Series 9 and Apple Watch Ultra 2 earlier in December. The decision to pull the watches came after the International Trade Commission (ITC) granted medical device maker Masimo (MASI)cease-and-desist and limited exclusion orderspreventing Apple from importing and selling the Series 9 and Ultra 2 in the US in October. That kicked off a review period during which the Biden administration could veto the orders. The review period ended on 25 December. Watch: Major AI themes for ETF investing in 2024 Download the Yahoo Finance app, available forAppleandAndroid.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Top 10 Creations (All ETFs)\n[{"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Net Flows ($, mm)": "2,809.13", "AUM ($, mm)": "491,911.32", "AUM % Change": "0.57%"}, {"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "1,829.94", "AUM ($, mm)": "244,722.88", "AUM % Change": "0.75%"}, {"Ticker": "IWM", "Name": "iShares Russell 2000 ETF", "Net Flows ($, mm)": "1,760.30", "AUM ($, mm)": "61,907.02", "AUM % Change": "2.84%"}, {"Ticker": "VGIT", "Name": "Vanguard Intermediate-Term Treasury Index ETF", "Net Flows ($, mm)": "501.54", "AUM ($, mm)": "23,450.78", "AUM % Change": "2.14%"}, {"Ticker": "SOXL", "Name": "Direxion Daily Semiconductor Bull 3X Shares", "Net Flows ($, mm)": "404.77", "AUM ($, mm)": "8,594.09", "AUM % Change": "4.71%"}, {"Ticker": "HYG", "Name": "iShares iBoxx USD High Yield Corporate Bond ETF", "Net Flows ($, mm)": "353.46", "AUM ($, mm)": "17,327.19", "AUM % Change": "2.04%"}, {"Ticker": "BBEU", "Name": "JPMorgan BetaBuilders Europe ETF", "Net Flows ($, mm)": "342.24", "AUM ($, mm)": "6,993.08", "AUM % Change": "4.89%"}, {"Ticker": "SMH", "Name": "VanEck Semiconductor ETF", "Net Flows ($, mm)": "324.21", "AUM ($, mm)": "14,961.05", "AUM % Change": "2.17%"}, {"Ticker": "XLK", "Name": "Technology Select Sector SPDR Fund", "Net Flows ($, mm)": "298.71", "AUM ($, mm)": "61,715.24", "AUM % Change": "0.48%"}, {"Ticker": "VCLT", "Name": "Vanguard Long-Term Corporate Bond ETF", "Net Flows ($, mm)": "260.41", "AUM ($, mm)": "6,407.08", "AUM % Change": "4.06%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "LQD", "Name": "iShares iBoxx USD Investment Grade Corporate Bond ETF", "Net Flows ($, mm)": "-429.82", "AUM ($, mm)": "31,839.18", "AUM % Change": "-1.35%"}, {"Ticker": "JNK", "Name": "SPDR Bloomberg High Yield Bond ETF", "Net Flows ($, mm)": "-226.02", "AUM ($, mm)": "9,462.36", "AUM % Change": "-2.39%"}, {"Ticker": "GBTC", "Name": "Grayscale Bitcoin Trust ETF", "Net Flows ($, mm)": "-199.33", "AUM ($, mm)": "22,760.92", "AUM % Change": "-0.88%"}, {"Ticker": "XLY", "Name": "Consumer Discretionary Select Sector SPDR Fund", "Net Flows ($, mm)": "-196.51", "AUM ($, mm)": "19,856.91", "AUM % Change": "-0.99%"}, {"Ticker": "IEF", "Name": "iShares 7-10 Year Treasury Bond ETF", "Net Flows ($, mm)": "-177.76", "AUM ($, mm)": "27,570.84", "AUM % Change": "-0.64%"}, {"Ticker": "NZAC", "Name": "SPDR MSCI ACWI Climate Paris Aligned ETF", "Net Flows ($, mm)": "-158.89", "AUM ($, mm)": "107.01", "AUM % Change": "-148.48%"}, {"Ticker": "SCHO", "Name": "Schwab Short-Term U.S. Treasury ETF", "Net Flows ($, mm)": "-137.31", "AUM ($, mm)": "11,601.74", "AUM % Change": "-1.18%"}, {"Ticker": "VSS", "Name": "Vanguard FTSE All-World ex-US Small-Cap ETF", "Net Flows ($, mm)": "-135.16", "AUM ($, mm)": "8,335.33", "AUM % Change": "-1.62%"}, {"Ticker": "GLD", "Name": "SPDR Gold Trust", "Net Flows ($, mm)": "-131.40", "AUM ($, mm)": "53,929.08", "AUM % Change": "-0.24%"}, {"Ticker": "SOXS", "Name": "Direxion Daily Semiconductor Bear 3X Shares", "Net Flows ($, mm)": "-126.37", "AUM ($, mm)": "815.71", "AUM % Change": "-15.49%"}]\nETF Daily Flows By Asset Class\n[{"": "Alternatives", "Net Flows ($, mm)": "-4.39", "AUM ($, mm)": "6,934.30", "% of AUM": "-0.06%"}, {"": "Asset Allocation", "Net Flows ($, mm)": "-1.57", "AUM ($, mm)": "17,096.90", "% of AUM": "-0.01%"}, {"": "Commodities", "Net Flows ($, mm)": "-227.00", "AUM ($, mm)": "123,466.46", "% of AUM": "-0.18%"}, {"": "Currency", "Net Flows ($, mm)": "-33.06", "AUM ($, mm)": "41,055.61", "% of AUM": "-0.08%"}, {"": "International Equity", "Net Flows ($, mm)": "719.29", "AUM ($, mm)": "1,395,519.12", "% of AUM": "0.05%"}, {"": "International Fixed Income", "Net Flows ($, mm)": "28.43", "AUM ($, mm)": "173,960.18", "% of AUM": "0.02%"}, {"": "Inverse", "Net Flows ($, mm)": "-507.11", "AUM ($, mm)": "14,011.39", "% of AUM": "-3.62%"}, {"": "Leveraged", "Net Flows ($, mm)": "985.98", "AUM ($, mm)": "86,997.01", "% of AUM": "1.13%"}, {"": "U.S. Equity", "Net Flows ($, mm)": "7,629.36", "AUM ($, mm)": "5,164,598.51", "% of AUM": "0.15%"}, {"": "U.S. Fixed Income", "Net Flows ($, mm)": "650.60", "AUM ($, mm)": "1,356,827.28", "% of AUM": "0.05%"}, {"": "Total:", "Net Flows ($, mm)": "9,240.53", "AUM ($, mm)": "8,380,466.75", "% of AUM": "0.11%"}]\nDisclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.\nPermalink| © Copyright 2024etf.com.All rights reserved', "*\nLawsuit called data demand 'contrived'\n*\nU.S. seeking data to assess grid reliability risks\n(Adds plaintiff comment in paragraph 9)\nBy Clark Mindock and Laila Kearney\nFeb 23 (Reuters) - The U.S. Department of Energy (DOE) on Friday agreed to temporarily suspend its emergency survey of energy use by cryptocurrency miners following a lawsuit by bitcoin miner Riot Platforms and an industry group.\nThe DOE's statistical arm, the U.S. Energy Information Administration (EIA), will halt its mandatory survey for a month and sequester the data it had already received after it began collecting information from bitcoin miners on Feb. 5, the agency said in a Friday notice to a Texas federal court.\nRiot Platforms and the Texas Blockchain Council had sued the Biden administration in that court on Thursday seeking to block the survey, which they said could harm businesses by forcing them to divulge confidential and sensitive information.\nThe EIA had said the information is needed to assess concerns that cryptocurrency miners' increased use of electricity, spurred by high bitcoin prices, could pose an imminent threat to energy grid reliability.\nThe plaintiffs claimed in their lawsuit that bitcoin mines, which use large amounts of electricity for computing and cooling data processing centers, can actually improve reliability since they can be quickly shut down to offset spikes in energy demand during severe weather that can cause blackouts.\nThey said the emergency demand from EIA was based on “speculation and conjecture” that bitcoin mining is likely to present a threat to the power grid, and failed to follow proper public notice and comment requirements under federal paperwork reduction and administrative laws. They asked the court for a permanent injunction prohibiting EIA from requesting the data without first complying with the law.\n“This is a case about sloppy government process, contrived and self-inflicted urgency and invasive government data collection,” the plaintiffs said.\nTexas is a hub for bitcoin mining activity, according to the lawsuit. Texas Bitcoin Council has 25 members with mines in the state including Riot Platforms.\nA spokesperson for the plaintiffs said they are encouraged by the government's Friday announcement, but that it falls short of the relief they are seeking.\nDigital cryptocurrency miners have come under scrutiny in recent years due to their potential impact on power grids, greenhouse gas emissions and energy-intensive operations, which have been estimated to use more electricity than the entire country of Norway.\nThe EIA compiles data on U.S. energy output and use across the economy, and said in January that its survey would focus on where mining growth is concentrated, the electricity sources they use and how power demand for cryptocurrency mining is changing in order to develop rigorous estimates of the industry's power usage for policymakers and others. (Reporting by Clark Mindock and Laila Kearny in New York; Editing by Alexia Garamfalvi, Daniel Wallis and Sonali Paul)", '• US stocks traded mixed as tech stocks took a breather after a brief S&P 500 surge past 5,100.\n• Major indexes ended the week high, propelled by AI-driven euphoria.\n• Investors next week will get fresh data on the health of the US economy.\nUS stocks closed mixed on Friday after the S&P 500 benchmark index briefly crossed 5,100 for the first time.\nThe stock rally was more muted Friday after the sugar-rush that propelled stocks into record territory after Nvidia\'s boom-time earnings release on Thursday. Still, the Dow Jones Industrial Average notched a new all-time closing highs, while the S&P 500 briefly crossed 5,100 for the first time ever.\n"Yesterday\'s market rally, just in terms of price action, did much to assuage fears that the AI theme was a passing phase," Quincy Krosby from LPL Financial said in a note on Friday.\nThat AI-driven euphoria has been able to lift markets without imminent rate cuts in sight, which was a key theme for stocks in the past few months.\n"Next week\'s roster of data, including the durable goods and personal income/personal spending report will be important for assessing the strength of the broader economy," Krosby noted.\nHere\'s where US indexes stood at the closing bell at 4:00 p.m. on Friday:\n• S&P 500:5,088.80, up 0.03%\n• Dow Jones Industrial Average:39,131.53, up 0.16% (+62.42 points)\n• Nasdaq Composite:15,996.82, down 0.28%\nHere\'s what else is going on:\n• Russia\'s economy is so driven by the warin Ukraine that it cannot afford to either win or lose, one economist says.\n• The more Americans that take Ozempic, thefaster the US economy will grow, Goldman Sachs says.\n• These are thetop 10 holdingsof Bill Gates\' $42 billion stock portfolio.\n• Short-seller Jim Chanoswarns Nvidia\'s epic growth is cannibalizing Big Tech— as the chip titan\'s value surges by $1 trillion in 4 months.\n• Americans\'"love affair" with the stock marketis stronger than ever\n• "Magnificent 7" tech stocks aredangerously dominant— and recession\'s still a real risk, top economist warns.\nIn commodities, bonds, and crypto:\n• Oil prices fell, withWest Texas Intermediatedown 2.6% to $76.54 a barrel.Brent crude, the international benchmark, dipped 2.4% to $81.66 a barrel.\n• Goldrose 0.8% to $2,046.90 per ounce.\n• The10-year Treasury yieldslipped 7 basis points to 4.252%.\n• Bitcoinedged lower by 1.69% to $51,056.\nRe **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: 2024-02-24 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,013,649,357,625 - Hash Rate: 556574376.491103 - Transaction Count: 340419.0 - Unique Addresses: 591315.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: EMERALD-1 is first global Phase III trial to show improved clinical outcome for systemic therapy in combination with TACE in this setting WILMINGTON, Del., January 19, 2024 --( BUSINESS WIRE )--Positive results from the EMERALD-1 Phase III trial showed AstraZeneca’s IMFINZI ® (durvalumab) in combination with TACE and bevacizumab demonstrated a statistically significant and clinically meaningful improvement in the primary endpoint of progression-free survival (PFS) compared to TACE alone in patients with hepatocellular carcinoma (HCC) eligible for embolization. These results will be presented today at the 2024 American Society of Clinical Oncology Gastrointestinal Cancers Symposium (ASCO GI) in San Francisco, California (#LBA432). Approximately 20-30% of patients with HCC, the most common type of liver cancer, are eligible for embolization, a procedure that blocks the blood supply to the tumor and can also deliver chemotherapy or radiation therapy directly to the liver. 1-8 Despite being the standard of care in this setting, most patients who receive embolization experience disease progression or recurrence within eight months. 9-11 In EMERALD-1, treatment with IMFINZI plus TACE and bevacizumab reduced the risk of disease progression or death by 23% compared to TACE alone (based on a hazard ratio [HR] of 0.77; 95% confidence interval [CI] 0.61-0.98; p=0.032). Median PFS was 15 months in patients treated with the IMFINZI combination versus 8.2 months with TACE. The PFS benefit observed was generally consistent across key prespecified subgroups. The secondary endpoint of time to progression (TTP) further supports the clinical benefit of IMFINZI plus TACE and bevacizumab in this setting, with a median TTP of 22 months versus 10 months for TACE (HR 0.63; 95% CI 0.48-0.82). The trial will continue as planned to assess the key secondary endpoint of overall survival (OS). Bruno Sangro, MD, PhD, Director of the Liver Unit and Professor of Medicine at Clínica Universidad de Navarra, Pamplona, Spain and a lead investigator in the EMERALD-1 trial, said: "In this earlier liver cancer setting, embolization alone has been the standard of care for more than 20 years, and rates of disease progression have remained high. Adding durvalumab and bevacizumab to TACE reduced the risk of disease progression or death by twenty-three per cent for patients with liver cancer eligible for embolization, showing for the first time that combining a systemic treatment with TACE meaningfully improves this clinically relevant outcome in earlier-stage disease." Story continues Susan Galbraith, Executive Vice President, Oncology R&D, AstraZeneca, said: "With IMFINZI-based treatment, patients with liver cancer eligible for embolization lived nearly seven additional months before their disease progressed. We are discussing these positive EMERALD-1 data with global regulatory authorities while awaiting the final overall survival results from the trial." Summary of results: EMERALD-1 i IMFINZI plus TACE and bevacizumab (n=204) Placebo plus TACE (n=205) Median PFS (months; 95% CI) ii, iii 15.0 (11.1-18.9) 8.2 (6.9-11.1) PFS HR (95% CI) ii, iv 0.77 (0.61-0.98) p-value v 0.032 PFS rate at 12 months (%) iii 55.5 39.8 PFS rate at 18 months (%) iii 43.1 28.3 Median TTP (months; 95% CI) iii, v 22.0 (16.6-24.9) 10.0 (7.1-13.6) TTP HR (95% CI) iv, v 0.63 (0.48-0.82) Subjects with measurable disease IMFINZI plus TACE and bevacizumab (n=202) Placebo plus TACE (n=203) Objective Response Rate (ORR) (%) iii 43.6 29.6 i The data cut-off date was Sept 11, 2023. ii PFS, TTP and ORR by Blinded Independent Central Review (BICR) per RECIST v1.1 iii Calculated using Kaplan-Meier method iv Calculated from stratified Cox proportional hazards method v The threshold of significance for this analysis was 0.0435 based on the alpha spend at the PFS interim analysis (2.27%) and the actual number of events at PFS final analysis. The safety profile for IMFINZI plus TACE and bevacizumab was generally manageable and consistent with the known profile of each medicine. The number of TACE procedures was consistent across arms. No new safety signals were observed. Grade 3 and 4 adverse events due to any cause occurred in 45.5% of patients treated with IMFINZI plus TACE and bevacizumab and 23% of patients treated with TACE alone. IMPORTANT SAFETY INFORMATION There are no contraindications for IMFINZI ® (durvalumab) or IMJUDO ® (tremelimumab-actl). Severe and Fatal Immune-Mediated Adverse Reactions Important immune-mediated adverse reactions listed under Warnings and Precautions may not include all possible severe and fatal immune-mediated reactions. Immune-mediated adverse reactions, which may be severe or fatal, can occur in any organ system or tissue. Immune-mediated adverse reactions can occur at any time after starting treatment or after discontinuation. Monitor patients closely for symptoms and signs that may be clinical manifestations of underlying immune-mediated adverse reactions. Evaluate clinical chemistries including liver enzymes, creatinine, adrenocorticotropic hormone (ACTH) level, and thyroid function at baseline and before each dose. In cases of suspected immune-mediated adverse reactions, initiate appropriate workup to exclude alternative etiologies, including infection. Institute medical management promptly, including specialty consultation as appropriate. Withhold or permanently discontinue IMFINZI and IMJUDO depending on severity. See USPI Dosing and Administration for specific details. In general, if combination of IMFINZI and IMJUDO requires interruption or discontinuation, administer systemic corticosteroid therapy (1 mg to 2 mg/kg/day prednisone or equivalent) until improvement to Grade 1 or less. Upon improvement to Grade 1 or less, initiate corticosteroid taper and continue to taper over at least 1 month. Consider administration of other systemic immunosuppressants in patients whose immune-mediated adverse reactions are not controlled with corticosteroid therapy. Immune-Mediated Pneumonitis IMFINZI in combination with IMJUDO can cause immune-mediated pneumonitis, which may be fatal. Immune‑mediated pneumonitis occurred in 1.3% (5/388) of patients receiving IMFINZI and IMJUDO, including fatal (0.3%) and Grade 3 (0.2%) adverse reactions. Immune-Mediated Colitis IMFINZI in combination with IMJUDO can cause immune-mediated colitis that is frequently associated with diarrhea. Cytomegalovirus (CMV) infection/reactivation has been reported in patients with corticosteroid-refractory immune-mediated colitis. In cases of corticosteroid-refractory colitis, consider repeating infectious workup to exclude alternative etiologies. Immune‑mediated colitis or diarrhea occurred in 6% (23/388) of patients receiving IMFINZI and IMJUDO, including Grade 3 (3.6%) adverse reactions. Intestinal perforation has been observed in other studies of IMFINZI and IMJUDO. Immune-Mediated Hepatitis IMFINZI in combination with IMJUDO can cause immune-mediated hepatitis, which may be fatal. Immune‑mediated hepatitis occurred in 7.5% (29/388) of patients receiving IMFINZI and IMJUDO, including fatal (0.8%), Grade 4 (0.3%) and Grade 3 (4.1%) adverse reactions. Immune-Mediated Endocrinopathies Adrenal Insufficiency : IMFINZI in combination with IMJUDO can cause primary or secondary adrenal insufficiency. For Grade 2 or higher adrenal insufficiency, initiate symptomatic treatment, including hormone replacement as clinically indicated. Immune-mediated adrenal insufficiency occurred in 1.5% (6/388) of patients receiving IMFINZI and IMJUDO, including Grade 3 (0.3%) adverse reactions. Hypophysitis : IMFINZI in combination with IMJUDO can cause immune-mediated hypophysitis. Hypophysitis can present with acute symptoms associated with mass effect such as headache, photophobia, or visual field cuts. Hypophysitis can cause hypopituitarism. Initiate symptomatic treatment including hormone replacement as clinically indicated. Immune-mediated hypophysitis/hypopituitarism occurred in 1% (4/388) of patients receiving IMFINZI and IMJUDO. Thyroid Disorders (Thyroiditis, Hyperthyroidism, and Hypothyroidism) : IMFINZI in combination with IMJUDO can cause immune-mediated thyroid disorders. Thyroiditis can present with or without endocrinopathy. Hypothyroidism can follow hyperthyroidism. Initiate hormone replacement therapy for hypothyroidism or institute medical management of hyperthyroidism as clinically indicated. Immune-mediated thyroiditis occurred in 1.5% (6/388) of patients receiving IMFINZI and IMJUDO. Immune-mediated hyperthyroidism occurred in 4.6% (18/388) of patients receiving IMFINZI and IMJUDO, including Grade 3 (0.3%) adverse reactions. Immune-mediated hypothyroidism occurred in 11% (42/388) of patients receiving IMFINZI and IMJUDO. Type 1 Diabetes Mellitus, which can present with diabetic ketoacidosis : Monitor patients for hyperglycemia or other signs and symptoms of diabetes. Initiate treatment with insulin as clinically indicated. Two patients 0.5% (2/388) had events of hyperglycemia requiring insulin therapy that had not resolved at last follow-up. Immune-Mediated Nephritis with Renal Dysfunction IMFINZI in combination with IMJUDO can cause immune-mediated nephritis. Immune-mediated nephritis occurred in 1% (4/388) of patients receiving IMFINZI and IMJUDO, including Grade 3 (0.5%) adverse reactions. Immune-Mediated Dermatology Reactions IMFINZI in combination with IMJUDO can cause immune-mediated rash or dermatitis. Exfoliative dermatitis, including Stevens-Johnson Syndrome (SJS), drug rash with eosinophilia and systemic symptoms (DRESS), and toxic epidermal necrolysis (TEN), has occurred with PD-1/L-1 and CTLA-4 blocking antibodies. Topical emollients and/or topical corticosteroids may be adequate to treat mild to moderate non-exfoliative rashes. Immune-mediated rash or dermatitis occurred in 4.9% (19/388) of patients receiving IMFINZI and IMJUDO, including Grade 4 (0.3%) and Grade 3 (1.5%) adverse ... - Reddit Posts (Sample): [['u/Aggressive_Algae726', 'Is Freewallet a complete scam? Does it work for anyone?', 10, '2024-02-24 00:19', 'https://www.reddit.com/r/Monero/comments/1ayf013/is_freewallet_a_complete_scam_does_it_work_for/', "I needed to trade some coins a few years ago. Freewallet was fine. I was trying to trade for an uncommon coin and sent some btc to Freewallet. Suddenly, my account is frozen. \nNow, I'm trying to take out about $300 and they are requesting information, and each response asks for more information. It's kind of creepy. \n\n\nIs it worth my time trying to recover the funds? Has anyone had success", 'https://www.reddit.com/r/Monero/comments/1ayf013/is_freewallet_a_complete_scam_does_it_work_for/', '1ayf013', [['u/SpearTactics', 13, '2024-02-24 10:18', 'https://www.reddit.com/r/Monero/comments/1ayf013/is_freewallet_a_complete_scam_does_it_work_for/krwc917/', "It's a known scam, even the subreddit info contains a warning against. Unfortunately too many see that after it's too late.", '1ayf013'], ['u/MoneroWTF', 10, '2024-02-24 11:09', 'https://www.reddit.com/r/Monero/comments/1ayf013/is_freewallet_a_complete_scam_does_it_work_for/krwgg5h/', "I haven't seen that wallet mentioned in a while, I thought the years and years of so many people bitching about them worked. Selective scammers", '1ayf013'], ['u/TheFuzzStone', 31, '2024-02-24 11:16', 'https://www.reddit.com/r/Monero/comments/1ayf013/is_freewallet_a_complete_scam_does_it_work_for/krwh1ud/', '>Is Freewallet a complete scam?\n\nYes.', '1ayf013']]], ['u/lispercat2', 'Is there any correlation between the stock price and BTC', 13, '2024-02-24 00:31', 'https://www.reddit.com/r/hut8/comments/1ayfal7/is_there_any_correlation_between_the_stock_price/', "I bought 5K worth of stock in January 12, 2022 when BTC was \\~44K, the stock price was 42.85CAD.\n\nNow with BTC trading at \\~68K price is 10.56CAD.\n\nCould you give some insight on what's going on with the stock?", 'https://www.reddit.com/r/hut8/comments/1ayfal7/is_there_any_correlation_between_the_stock_price/', '1ayfal7', [['u/Comprehensive-Belt40', 14, '2024-02-24 02:50', 'https://www.reddit.com/r/hut8/comments/1ayfal7/is_there_any_correlation_between_the_stock_price/kruyd3b/', "In 2022, hut8 was mainly a BTC mining company...\nIn 2024.. it's a diversified in different sectors in IT.. but excel in none of them.", '1ayfal7']]], ['u/RespectibleCabbage', 'Beating everyone else off the sinking ship', 16, '2024-02-24 00:44', 'https://www.reddit.com/r/bsv/comments/1ayfm5n/beating_everyone_else_off_the_sinking_ship/', 'I’m curious at which point the bag holders will start to cut their losses and get out before the plummet of BSV. Presumably once the verdict comes in the price will tank, but it’s already clear at this point that Wright is going to lose, so it’s just a matter of time before the rug is pulled. \n\nI just find it weird that a lot of them over there are seemingly starting to realise they’ve been conned this whole time, so I’m genuinely curious how many of them will swallow their pride and just move over to Bitcoin. If they actually care about “Satoshis Vision”, well here it is. I assume the only people left over there now are just people with money sunk in who are hoping against hope for the best (because there are certainly no fundamentals of BSV to keep them around). It’s going to tank, I just hope it’s not the regular folk who lose everything, because you bet your ass CSW and CAH will be cutting and running soon.', 'https://www.reddit.com/r/bsv/comments/1ayfm5n/beating_everyone_else_off_the_sinking_ship/', '1ayfm5n', [['u/anonymouscitizen2', 10, '2024-02-24 03:02', 'https://www.reddit.com/r/bsv/comments/1ayfm5n/beating_everyone_else_off_the_sinking_ship/kruzzw7/', 'Are you the same sgbett from BSV twitter who lies to people all day? If so you are a rat', '1ayfm5n']]], ['u/Magners17', 'I sold BTC to use my Shakepay card today ', 18, '2024-02-24 00:51', 'https://www.reddit.com/r/shakepay/comments/1ayfrko/i_sold_btc_to_use_my_shakepay_card_today/', 'I was in a pinch today and forgot my wallet in the car. I had to purchase something and I could’ve ran out to my car to grab my wallet but it was faster to just sell some BTC and use my Shakepay card (my new CC hasn’t been added to my Apple wallet but my Shakepay card is still there) and it was so convenient!\n\nDo I feel good about selling BTC for a quick purchase? Not really. Did my transaction happen almost instantaneously? Yes. I was able to sell and use my SP card right away. \n\nSeamless transactions like this is why I appreciate this space, this company, this asset class and the future of our financial system. Could I have sold stocks and used that money for an immediately purchase? Nope. Could I sell BTC and do that via Shakepay? Absolutely. ', 'https://www.reddit.com/r/shakepay/comments/1ayfrko/i_sold_btc_to_use_my_shakepay_card_today/', '1ayfrko', [['u/Bar98704', 11, '2024-02-24 01:23', 'https://www.reddit.com/r/shakepay/comments/1ayfrko/i_sold_btc_to_use_my_shakepay_card_today/krul5pt/', "Yeah but you've also triggered a taxable event by selling it. As long as BTC is classified as property then the whole thing is ridiculous", '1ayfrko']]], ['u/Lochskye', 'Think this', 619, '2024-02-24 04:33', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/', '💭Imagine that tomorrow you wake up and BTC is at $250,000, with what you have in your wallet right now, how much would you earn?\n', 'https://i.redd.it/paoc52gydgkc1.jpeg', '1aykifo', [['u/EliteEmi', 57, '2024-02-24 04:37', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvddyk/', 'Not gonna sell any, so earned 0', '1aykifo'], ['u/bbt104', 25, '2024-02-24 04:39', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvdpp4/', 'Well, I won\'t say how much I made, but I\'ll let you know what I\'m singing "Nooo more debt do do do-doo do, no more debt do doo do do" 🤣🤣', '1aykifo'], ['u/GiverTakerMaker', 62, '2024-02-24 04:46', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvepm7/', 'I only see that when I go to sleep', '1aykifo'], ['u/Ok_Computer1417', 399, '2024-02-24 04:48', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvexeo/', 'Coin market cap glitched one time in the middle of the night years ago and my phone blew up with alerts from Yahoo Finance essentially stating I was billionaire. It was nice for about 60 seconds.', '1aykifo'], ['u/Number_United', 58, '2024-02-24 04:51', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvfbwz/', '$225,000,000', '1aykifo'], ['u/karma_hit_my_dogma', 93, '2024-02-24 05:08', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvhjij/', 'I would’ve sold in a blind daze', '1aykifo'], ['u/pr84704p', 13, '2024-02-24 05:08', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvhlh7/', 'I remember that! lmao', '1aykifo'], ['u/herkdwrlmal', 39, '2024-02-24 05:16', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvin8q/', 'Finally someone talking realistic numbers', '1aykifo'], ['u/M1st3r51r', 66, '2024-02-24 05:19', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krviz7g/', 'Sell, cash out, and immediately move to a different country under a different name', '1aykifo'], ['u/seviay', 17, '2024-02-24 05:25', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvjqh1/', 'It could be good if I hadn’t had that terrible boating accident', '1aykifo'], ['u/screechingeagle82', 25, '2024-02-24 05:36', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvl453/', 'That’s why the chart above wont happen like that. The price will get there eventually but there are too many sellers waiting to cash in for a parabolic move of that magnitude over a short time period.', '1aykifo'], ['u/cryptoguerrilla', 35, '2024-02-24 05:55', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvnexc/', 'Hopium is good and all but we got to get off the drugs and realize that “number go up” isn’t the end goal. 1sat=1 of bread is the goal.', '1aykifo'], ['u/dlm83', 22, '2024-02-24 06:00', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvnx6i/', 'So enlightened... not numbers go up, wealth and buying power go up!', '1aykifo'], ['u/anthonyevans777', 13, '2024-02-24 06:03', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvocit/', 'I’d contemplate paying off my mortagge', '1aykifo'], ['u/SoupaSoka', 29, '2024-02-24 06:24', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvqqc3/', 'Best uses are buying land, buying a primary residence, or paying off debt. Not gonna blame a single person if they sell some or all of their Bitcoin to secure a reasonable place to live.', '1aykifo'], ['u/maistahhh', 26, '2024-02-24 06:48', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvtfj9/', 'They are so dramatic', '1aykifo'], ['u/369isreal', 12, '2024-02-24 06:49', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvtipd/', 'True i was also one of those billionaires 🤣🤣', '1aykifo'], ['u/weallwinoneday', 69, '2024-02-24 07:16', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krvw9iq/', 'Nice try IRS', '1aykifo'], ['u/Pongi', 12, '2024-02-24 08:21', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krw2beg/', 'You guys are so brainwashed it’s kind of astonishing', '1aykifo'], ['u/aaronmichaelVA', 12, '2024-02-24 09:00', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krw5sr2/', "Let's come back about June 2025 and reassess this comment, yeah?", '1aykifo'], ['u/gui_gi', 33, '2024-02-24 09:15', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krw71gu/', "He's not saying it won't reach 250k, he's saying it won't be a straight line up with no dips. He's correct in his assessment.", '1aykifo'], ['u/nopy4', 19, '2024-02-24 09:59', 'https://www.reddit.com/r/Bitcoin/comments/1aykifo/think_this/krwap6l/', 'Wow! You must be having like 100 BTC', '... 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:** ["Navigating the crypto landscape can be a challenge, especially in a bull market when just about every cryptocurrency seems to be rising. With myriad options promising life-changing gains, cutting through the noise is no easy task.\nFor investors looking to find some clarity in a crowded field of options, the best strategy is often the simplest. As with the stock market, it is possible to spread your crypto portfolio too thin, inevitably introducing unnecessary risk.\nOne cryptocurrency stands out as deserving a $1,000 investment today:Bitcoin(CRYPTO: BTC). While this pick may lack originality, its historical performance, market dominance, and unique characteristics make it a standout choice that no other cryptocurrency can match.\nThere is a laundry list of arguments that portray Bitcoin as a risky and volatile asset undeserving of an investment. Although short-term fluctuations are real, a long-term perspective reveals Bitcoin's attractiveness as a robust investment.\nBitcoin has proven itself as the top-performing asset during the past 15 years. Driving much of this performance is Bitcoin's robust monetary policy. Centered around an event known as a halving, Bitcoin's supply growth rate iscut in halfevery four years. This process will continue until the last Bitcoin is mined in about 2140, at which point the cryptocurrency will enter unprecedented territory.\nWith the upcoming halving in April, Bitcoin will see its supply growth fall from 1.75% a year to just 0.85%. Historically, in the year of a halving, Bitcoin's price jumps by 120% on average as demand is forced to compete for a tightening supply. Only time will tell if 2024 follows patterns of years past, but even if this year turns out to be an anomaly, Bitcoin's long-term value should stay on a positive trajectory considering trends of increasing adoption and continued reductions to its supply growth as more halvings pass.\nFor those seeking simplicity in their crypto portfolio, few options are more appealing than Bitcoin. As of Feb. 22, the entire crypto asset class was valued at about $2 trillion. Of this, Bitcoin makes up more than $1 trillion. Its closest rival isEthereum, worth just $360 billion.\nDue to this disproportionate valuation, the vast majority of other cryptocurrencies are highly correlated to Bitcoin's price. In other words, if Bitcoin's value rises or falls, the values of most cryptocurrencies will follow suit.\nAlthough other cryptocurrencies may occasionally outperform Bitcoin, they usually possess much greater volatility and risk. During bull markets, some of these cryptocurrencies may rise at a faster clip, but when bear markets set in, the drops become much more severe. While Bitcoin might not produce the 10,000% return that new cryptocurrencies sometimes see, it provides simple and comprehensive exposure to the entire asset class with considerably less risk.\nWe can't talk about Bitcoin without discussing how it has risen to become the most valuable cryptocurrency. Surely its position as the first cryptocurrency to be invented gave it a head start, but the main reason it has maintained this position for roughly 15 years has to do with the distinct characteristics that set it apart from any other cryptocurrency.\nBitcoin is the quintessential cryptocurrency. It is the mostdecentralized, secure, and durable blockchain ever invented. With more than 17,000 nodes globally and estimated to be 500 times more powerful than the best supercomputers in the world, Bitcoin is virtually un-hackable. Best of all though, it has been able to achieve this without any centralized figure or entity overseeing it, a feat no other cryptocurrency can claim.\nWhile Bitcoin may lack the glamor of newer cryptocurrencies, its unparalleled track record positions it as a formidable long-term player. Just like the stock market, survival of the fittest reigns in the crypto realm, and Bitcoin has proven why it is the ultimate survivor.\nFor those with an extra $1,000 at their disposal and looking to gain some exposure to crypto, there's no better option than Bitcoin. Save yourself the hassle, appreciate the beauty in simplicity, and discover how an investment in Bitcoin could be your closest route to long-term portfolio growth.\nShould you invest $1,000 in Bitcoin right now?\nBefore you buy stock in Bitcoin, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has\xa0more than tripled\xa0the return of S&P 500 since 2002*.\nSee the 10 stocks\n*Stock Advisor returns as of February 20, 2024\nRJ Fultonhas positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has adisclosure policy.\nThe Ultimate Cryptocurrency to Buy With $1,000 Todaywas originally published by The Motley Fool", "TheShiba Inu(CRYPTO: SHIB)cryptocurrency isn't writing headlines anymore, but many investors still pin their hopes on this meme coin for the next sectorwide bull run. It's still among the 20 largest crypto namesmeasured by market cap, with robust daily trading volume.\nUnfortunately, I don't see much real-world developer interest inthe surprisingly capable Shiba Inu ecosystemthese days.\nCrypto-based app activity is on the rise, with the number of veteran developers contributing code to the GitHub code gallery nearly doubling over the last three years, according to Electric Capital's latest developer report. But smart contracts innovatorEthereum(CRYPTO: ETH)utterly dominates the developer interest in every category, withBitcoin(CRYPTO: BTC)in a distant runner-up spot and everyone else trailing far behind.\nThis report never even mentioned Shiba Inu. There's simply nothing going on behind that door.\nOn the other hand, many cryptocurrencies and blockchain networks are hard at work building the Web3 future. From personal banking to content publishing, a plethora of industries are ripe for disruption -- and one token should skyrocket as the online world moves through this sea change.\nElectric Capital ran across a lot ofPolkadot(CRYPTO: DOT)projects. The official blockchain ecosystem of the Web3 Foundation is one of the most active developer communities not named Ethereum, and also one of the fastest-growing networks. Polkadot's army of full-time developers more than tripled in three years, making it the largest app-writing platform after Ethereum and Bitcoin.\nIn other words, consumers and investors will soon see a tsunami of Polkadot-based Web3 apps on their phones, computers, and other online devices. The Polkadot connection may not always be clear or heavily promoted, but the network helps programmers make the most out of many different crypto systems. It'll be the silent force that holds the Web3 revolution together at the seams.\nYet, crypto investors have largely shrugged off Polkadot's promising app-building activity and the DOT token has traded sideways over the last year. Ethereum gained 80% over the same period while Bitcoin landed a 110% jump:\nThe lack of investor excitement doesn't take anything away from Polkadot's real-world usage, though. And that's how the token's value is created. You know what they say about stocks being voting machines in the short term and weighing machines in the long run, right? The same idea holds true for cryptocurrencies, and Polkadot is stacking up a ton of weight on those weighing-machine scales as we speak.\nI can't wait to see what the price chart will do when the first few killer apps open the floodgates for the Web3 era.\nShiba Inu separates itself from other meme coins with a robust technical platform and a community-driven system for developing the blockchain network itself. But the dog-themed marketing that helped it attract the spotlight early on appears to have become a liability more recently. It's just hard to take Shiba Inu seriously, since the value of each digital coin is so vanishingly small. 1 million Shiba Inu coins add up to $10 at today's prices, and it's just hard to keep track of the zeros you should expect after the decimal point.\nPolkadot is just on a different level when it comes to creating real long-term value. It runs an even more sophisticated blockchain network, supported by several helper networks and passing information between different blockchain systems. Its market cap is about twice the size of Shiba Inu's these days, and I expect it to rise through the ranks as the Web3 conversion gains momentum.\nSo the allure of meme coins like Shiba Inu may capture the public's imagination, but savvy investors should look beyond the headlines. Polkadot's technical prowess and its central role in the burgeoning Web3 ecosystem should make it a transformative investment. As the digital world edges closer to a Web3 reality, step by encrypted step, Polkadot's innovative infrastructure and powerful interoperability powers should lead to substantial growth.\nShould you invest $1,000 in Polkadot right now?\nBefore you buy stock in Polkadot, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Polkadot wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has\xa0more than tripled\xa0the return of S&P 500 since 2002*.\nSee the 10 stocks\n*Stock Advisor returns as of February 20, 2024\nAnders Bylundhas positions 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: 2024-02-25 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,009,348,826,231 - Hash Rate: 666264217.113437 - Transaction Count: 418801.0 - Unique Addresses: 607478.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.74 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Reuters) - U.S. lawmakers have urged the Securities and Exchange Commission (SEC) to review its cyber security preparedness after the financial regulator's X account posted market material information earlier in the week due to a hack. Someone briefly accessed its X, formerly called Twitter, account on Tuesday, the agency had confirmed, and posted a fake message saying it had approved exchange traded funds (ETF) for bitcoin. The SEC eventually approved the first U.S.-listed ETFs to track bitcoin on Wednesday, but the unauthorized post a day earlier led to a rise in the price of Bitcoin to around $48,000 before falling to below $45,000 minutes later. In a letter to the agency on Thursday, Ron Wyden, a Democratic senator from Oregon, and Cynthia Lummis, a Republican senator from Wyoming, sought an investigation into the incident, which they deemed as "SEC's apparent failure to follow cybersecurity best practices".X, which is owned by billionaire and Tesla boss Elon Musk, confirmed that hack. It said that an "unidentified individual" obtained control over a phone number associated with the agency's account and that the SEC did not have two-factor authentication enabled at the time. Two-factor authentication (MFA) is a two-pronged privacy tool which allows access to an Internet account only after the user has keyed in the password and a security key sent over on email or on the phone. "We urge you to investigate the agency's practices related to the use of MFA, and in particular, phishing-resistant MFA, to identify any remaining security gaps that must be addressed," Wyden and Lumis said in their letter. The SEC had earlier said it was working with law enforcement to investigate the hack. (Reporting by Yuvraj Malik in Bengaluru; Editing by Krishna Chandra Eluri)... - 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:** ['• Global brokerage firm OANDA is officially opening for crypto trading in the UK.\n• OANDA Crypto will be based in London and comes with FCA registration thanks to last year’s acquisition of Coinpass.\nU.S.-based forex pioneer OANDA is opening a cryptocurrency trading platform in the UK, registered with the country’s regulator, the Financial Conduct Authority (FCA), based in London and dubbed OANDA Crypto.\nIt’s the summation of last year’s acquisition of a majority stake in FCA-registered crypto firm Coinpass, and will offer trading in over 63 cryptocurrency pairs, including Bitcoin, Ether, and Ripple, with plans to add more tokens and features over the course of the year, the company said.\nWhile some crypto-focused companies tend to stay away from places like the U.S. and other heavily regulated jurisdictions, this was an attractive feature for OANDA, said the firm’s head of digital assets Lucian Lauerman.\n“The UK has a high level of participation and is a very well educated and active market,” Lauerman said in an interview. “What we liked about the opportunity in the UK, when it comes to crypto, is that it’s becoming more aligned with the markets where we’ve traditionally operated. The regulatory bar has been set slightly higher.”\nOANDA already offers crypto in the U.S. via a partnership with New York State Department of Financial Services-regulated Paxos. The brokerage also refocused its mainland Europe operations away from Malta to Warsaw in Poland, with the acquisition of Polish broker Dom Maklerski TMS Brokers SA, which was rebranded to OANDA TMS.', "Despite ongoing outflows, Grayscale'sBitcoinTrust (GBTC) appears to be bleeding slower. Withdrawals havereachedtheir lowest point since its conversion to an ETF in January, with daily amounts dropping to $44.2 million on February 23.\nThis slowdown comes after significant outflows earlier in the year. By the end of January, GBTC had witnessed over $5.64 billion in withdrawals, including a single-day exit of $640 million. So far in February, outflows have totaled around $1.8 billion, bringing the overall figure since inception to $7.4 billion.\nHowever, these outflows seem to be favoring competing Bitcoin ETFs. BlackRock's IBIT, for instance, has attracted over $6.6 billion in investments since its launch, followed by Fidelity's FBTC with $4.7 billion.\nThe arrival of spot Bitcoin ETFs offered existing GBTC holders the option to convert and redeem their shares, which is seen as a key reason for the initial outflow surge. Additionally, the lower fees of competing ETFs, some charging as little as 0.19% compared to GBTC's 1.5%, have enticed investors to rebalance their portfolios.\nThe recent court approval for bankrupt crypto firm Genesis to sell $1.3 billion in GBTC shares to repay creditors adds another layer of complexity. While the future trajectory of GBTC remains uncertain, the slowed outflow pace suggests a potential stabilization.", 'While the potential approval of a spot Ethereum ETF has been cited as a reason for Ethereum\'s recent price increase, Grayscale Investments offers a different perspective. In a recentreport, the asset manager suggests the upcoming Dencun upgrade, scheduled for March 13, 2024, is the true driver behind the surge.\nGrayscale analyst William Ogden Moore argues that the market anticipates the upgrade\'s ability to improve transaction throughput and cost reduction, making Ethereum more competitive with faster blockchains like Solana. While bullish on Ethereum, the report acknowledges the cryptocurrency\'s underperformance compared to its sector in 2023, particularly against Solana\'s impressive 900% growth.\nThis bullish stance from Grayscale might be influenced by their ongoing efforts to convert their Ethereum trust into a spot Ethereum ETF. With spotBitcoinETFs already approved, some predict similar approval for the Ethereum equivalent by May 2024.\nBeyond Dencun and potential ETF approval, Grayscale also highlights "net deflationary supply" and "network revenue generation" as factors contributing to Ethereum\'s future. Additionally, the report emphasizes Ethereum\'s potential to recapture lost ground in the smart contract application market. They believe that by becoming more competitive in throughput and cost, Ethereum can attract applications requiring high levels of security and censorship resistance, such as stablecoins and tokenized financial assets.', 'Business intelligence firm MicroStrategy\'s X account has beenhacked, with malicious links posted to a fake airdrop of a so-called "official" Ethereum-based MSTR token. Users who clicked on the links were directed to a copycat MicroStrategy webpage that prompted them to connect their wallets and claim the fake airdrop. Once users granted the necessary permissions, the attackers were able to automatically drain their wallets.\nAccording to blockchain sleuth ZachXBT and anti-scam platform Scam Sniffer, losses from the scam have already exceeded $440,000. One user alone lost over $420,000 worth of altcoins, including wBAI, CHEX, and wPOKT. The MicroStrategy attacker\'s wallet currently holds over $329,000 worth of Ethereum-based tokens.\nCrypto industry experts have criticized the scam for its obvious nature. MicroStrategy is a firm that is exclusively focused onBitcoin, and it is highly unlikely that it would launch a token on Ethereum. Founder and Chairman Michael Saylor is a vocal Bitcoin proponent, and hascalled the ETF approvals a catalystfor a major bull run.\nMicroStrategy has not yet publicly commented on the hack. However, the company has a history of being targeted by scammers. In 2022, the company\'s CEO, Michael Saylor, was impersonated on social media in an attempt to promote a fake cryptocurrency giveaway. MicroStrategy recentlyannounced a purchase of $37 million worth of BTCin its earnings call, bringing their total holdings to over $8.1 billion.', 'Uniswapgovernanceproposal looks to implement the long-awaited revenue share for UNIstakers, sending shockwaves through theDeFispace. Delta-neutralstablecoinproject Ethena, goes live onmainnet, launching their Shard campaign as well, whileSushilaunches Sushi Bonds, a new way for protocols to bootstrap sticky liquidity.\nTotal Value Locked(TVL) across all chains continue climbing higher, despite weakness across variousaltcoinsand ecosystem tokens. Notable outperformers includezero-knowledge rollup,StarkNet, which saw inflows in anticipation for their incentives program, and Scroll, which saw a similar increase, likely due to an influx ofairdropfarmers after several cryptic tweets by the Scroll team.\nSource: https://coinmarketcap.com/chain-ranking/\nAs the mainnet launch for the controversialBlastL2approaches, The L2 is shaping up to become the second largest L2 by TVL on launch. Ash covers all the main projects building on the Blast testnet so far includingdecentralized exchanges(DEXs),money markets,perpetualDEXs,NFTmarketplaces, GambleFi, games and more.\nUniswap Foundation proposes a governance proposal to implement the fee switch for stakers of the UNI token, in a revolutionary move for the project. While not passed yet, the move has triggered renewed interest in DeFi tokens, which have long seen underperformance against the wider market.\nEthena Labs goes live onEthereumtogether with its Shard Campaign. Users can now earn Shards through holding Ethena’s stablecoin,USDe, providing liquidity for USDepools, staking or locking USDe. These shards are expected to convert to Ethena’s own token once the token is launched.\nOther Product Launches and Updates\n• Frax Financefounder,Sam Kazemian, teases the upcoming snapshot for FXS lockers, leading up to the launch of Frax Finance’s own chain, Fractal. The snapshot will airdrop FXTL points to eligible veFXS stakers.\n• Leverageprotocol,Gearbox, unveils leveraged EigenLayer restaking. ThroughGearbox’s strategies, users can now earn up to 9.5xEigenLayerpoints or 19.5x EtherFi points, depending on the leverage they choose to take on.\n• Liquid restaking protocol,KelpDAO, announces the launch of their point system, Kelp Earned Points (KEP), which users can earn by minting and holdingrsETH, KelpDAO’s restaking token.\n• Bridgingprotocol,Across Protocol, releases Across V3, which brings to the bridge an intents-focused approach to bridging using across-chainsettlement layer and bridge hooks, as well as upgrades to the bridge for a better user experience.\n• Zircuit is now open for staking. Users can deposit selectedliquid staking tokensor liquid restaking tokens to earn Zircuit points. All deposited tokens will continue to earn their respective points and yields, such as EigenLayer Points, staking yields and more.\nMulti-chainDEX, Sushi, announces Sushi Bonds, an alternative toliquidity miningto incentivize more sticky liquidity on protocols while allowing token buyers to purchase tokens on discount. Sushi Bonds are currently live, supporting four projects onArbitrumand one onPolygon.\nBlast announces the winners for the Big Bang competition, which selects some of the most innovative and interesting applications building on Blast. Blast has allocated 50% of the Blast airdrop to these applications, with a large portion allocated to Big Bang winners.\nOther Product Launches and Updates\n• Popular perpetuals DEX,GMX, announces a proposal to introduce a GMX chain, which would useGMXas itsgastoken, to explore various possible expansions for the protocol.\n• MYX Finance launches on Arbitrum, bringing to the chain a new perpetuals DEX, powered by its novel Matching Pool Mechanism to provide zeroslippageand zero borrowing cost trading to its users.\n• Optionsprotocol,Lyra, launches their own wallet, Lyra Wallet, enabling users to onboard more easily, using only their email, Google or Apple accounts to sign up. LyraWalletis powered by Coinbase’s Wallet-as-a-Service product.\n• ModularDeFi L2,Mode Network, releases its L3 chain, Mode Flare, on mainnet. Mode Flare is powered by 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: 2024-02-26 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,009,702,551,812 - Hash Rate: 540324029.7322387 - Transaction Count: 356184.0 - Unique Addresses: 620435.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Investors should turn their attention to the potential impact on the bitcoin [BTC] price now that spot BTC exchange-traded funds (ETFs) have been approved , broker Cantor Fitzgerald said in a research report. The approval should be viewed as a “landmark milestone in bitcoin’s short history, with substantial implications for long-term price appreciation,” Cantor said. “We believe this approval acts as a major demand shock to the market, occurring a few months before bitcoin’s recurring supply shock: the halving event expected in April 2024,” analysts Josh Siegler and Will Carlson wrote. When bitcoin halving occurs, the rewards miners receive are cut by 50%. “With levered upside and theoretical hedged downside, we believe bitcoin miners represent an attractive investment opportunity for equity investors looking for a way to access this long-term bitcoin adoption trade,” the authors wrote, adding that the spot ETFs could have a “substantial positive impact on bitcoin miner valuations.” Investment bank H.C. Wainwright & Co. said spot ETF approval is a “historic moment for bitcoin and the miners,” as ETFs offer both retail and institutional investors a “familiar and regulated investment vehicle” and should significantly expand access to the world’s largest cryptocurrency. “We believe many BTC-curious institutional and retail investors have lacked either the willingness or the ability to directly invest in BTC, given the nuanced requirements to acquire digital assets,” analyst Mike Colonnese wrote. “We expect significant incremental demand for BTC via these newly approved spot ETFs.” Read more: Bitcoin Miners May Be Due a Breather After Spot ETF Approval, JPMorgan Says View comments... - Reddit Posts (Sample): [['u/Subushie', 'The United States health care system was attacked this week Pt.2: ConnectWise', 73, '2024-02-26 00:34', 'https://www.reddit.com/r/conspiracy/comments/1b02n74/the_united_states_health_care_system_was_attacked/', '*^(This sub is described to be for discussions about issues which have captured your imagination; this story has been a fun ride and certainly did for me. There is this whole underground criminal ecosystem that just runs in the background, raking in hundreds of millions of dollars a year, and almost no one really knows it\'s happening. I wrote this on 02/24; and was on the fence about publishing it- but at the least, you will enjoy this story too. In this post, I offer articles available to everyone in the timeline they occurred over the last week. Additionally, I am only moderately educated in tech- so some of the jargon I use may not be the usual standard. At the end of the day, the conspiracy here is that I believe these stories are brushed under the rug because of how serious of a threat this really is; conclusions about the situation I outline here and its potential outcome I leave to you.)*\n\n​\n\n>‘It\'s odd because now our work has shifted to not getting ahead of the vulnerability and understanding it and sharing the intel, **it\'s watching the internet burn and trying to respond and remediate the best we ca**n. We\'re watching the world burn.’ \n> \n>*John Hammond* \n*Principal Security Researcher at threat hunting firm Huntress* \n*02/23.*\n\n# 02/19 Not a Bug, a Feature\n\nOn February 13th, a crowdsourced research team reached out to major IT company ConnectWise explaining a Proof of Concept (PoC) vulnerability within the company\'s flagship product ScreenConnect; the PoC outlines that these servers could be breached using a very simple flaw that allows hackers to create an Administrative account inside the server; by creating an administrative account, the hacker is then able to essentially do whatever they want with the machines connected to them. ScreenConnect servers host hundreds of thousands of endpoints (other PCs) across the world, **the majority of these servers are used by local governments, emergency systems, and healthcare organizations.**\n\nThis flaw is being tracked as **CVE-2024-1709** (also called "the ScreenConnect Authentication Bypass") and described in a security bulletin by ArcticWolf as "embarrassingly easy" to execute. A video here posted on 02/20 shows how simple it is to accomplish- the ethical hacker finishes the exploit\'s steps in under 30 seconds and ends with "PLEASE PATCH". A detailed analysis of the bug by Huntress says\n\n>*Once you have administrative access to a compromised instance, it is trivial to create and upload a malicious ScreenConnect extension to gain Remote Code Execution (RCE).* ***This is not a vulnerability, but a feature of ScreenConnec****t, which allows an administrator to create extensions that execute .Net code as SYSTEM on the ScreenConnect server*\n\nCVE-2024-1709 has been listed to have a Common Vulnerability Scoring System (CVSS) score of 10. IT experts use the CVSS to identify the scope and impact.\n\n>*It is very common to see vulnerabilities with a base score of 9.8, but much less common to see any with CVSS 10.0. The difference in CVSS score is primarily due to the scope metric.....A vulnerability with CVSS 9.8 has the most severe exploit-ability and impact metrics, but its impact does not extend beyond the vulnerable component. However, while a vulnerability with CVSS 10.0 also has the most severe exploit-ability and most often the highest impact metrics, its impact extends also beyond the vulnerable component.*\n\nConnectWise posted a public notice on February 19th, recommending that clients update to a new patch (23.9.8) that corrected this issue. Prior to this update (which is now being offered for free as of 02/23) clients needed to pay a monthly maintenance fee to continue to receive updates. By the end of the day Monday, several thousands online-connected servers were identified to still be operating on patch 23.9.7 or earlier. Making these servers and all their endpoints vulnerable to intrusion.\n\n# 02/20 Operation Cronos\n\nThe United States\' Cybersecurity and Infrastructure Security Agency (CSIA), Federal Bureau of Investigations (FBI), The National Crime Agency (NCA), in a joint effort with 9 other countries; released information about the completion of a few year investigation code-named \'**Cronos**\' into a online cyber-gang named "**LockBit**" that specializes in Ransom as a Service (RaaS) attacks. Operation Cronos reportedly resulted in international arrests, shuttered 35 servers in the UK and US, 2 official arrests, and seizure of millions in crypto currency assets.\n\nAuthorities digging through the Bitcoin addresses are beginning to think the organization may have generated more than $1 billion in ransom since it\'s inception 4 years ago because of the \\~20% cut they usually take with their investors; meaning the seized cryptocurrency likely amounted to significantly more in actual income.\n\n**Ransomware as a Service**\n\nOver the years cyber-gangs like LockBit have acted as threat actors for nation-state governments such as Russia, Korea, China, and Iran. The service they provide works like this:\n\n1. A entity hires a Cyber gang like LockBit to attack vulnerabilities in systems when they become available. The hiring entity pay a small commission to the cyber-gang, and then they get to work.\n2. The hackers install malware with these vulnerabilities that encrypts the victim\'s entire drive aside from the base configuration files. Allowing the user to still have access to their computer; but losing their data. The user is then prompted with an ominous message explaining the situation, and that they have a certain amount of days to pay LockBit or their information will be lost permanently.\n3. If the victim pays the attackers in time; the money is split with the entity that hired them and the decryption key is provided to the victim. If the allotted time passes with no payment or action, the victim loses their chance to recover the data on their drive. Their organization still profits as they keep the initial contract fee and will now attempt to sell the victim\'s data online.\n\n[The LockBit 3.0 Ransom screen](https://preview.redd.it/wqh6faqdftkc1.jpg?width=763&format=pjpg&auto=webp&s=bc3d6fa68a295011c2e891ac6f9afa84ce1776e1)\n\nDepending on the victim, these costs can be rather "reasonable" compared to something you\'d expect in a movie; that\'s because they want you to actually be able to pay. They usually target companies that would provide valuable data to sell if payment isn\'t sent; but individual users have been attacked as well. They also do not usually attack the same place twice- all in the pursuit of handling this business professionally so they do not damage their "reputation"; and again, it\'s just so they will get paid. They usually do; this is because these organizations operate out of countries such as Russia, where these crimes are not against-the-law when they are targeted at western countries.\n\nAdjacent cyber-gangs that also offer similar services include names like Cl0p, Akira, Play, ALPHV/Blackcat, and Rhyside.\n\n[DoT Sanction Press Release](https://preview.redd.it/ekcz6ba1htkc1.jpg?width=1543&format=pjpg&auto=webp&s=22077c8b70be492f33789a217031ccf84cee14ee)\n\nThe US Department of the Treasury and the Office of Foreign Assets Control posted trade sanctions that afternoon against hackers Ivan Kondratiev and Artur Ravilevich; announcing that any US based assets in their name would be seized and must be reported to the OFAC, anyone caught conducting trade with these individuals would be subject to arrest and potentially have the same sanctions posted on them. Additionally they posted a listing containing what they said to be the names of every individual associated with the cyber-gang.\n\n[List of LockBit affiliates released by Operation Cronos 02\\/21](https://preview.redd.it/0kpwkrugftkc1.png?width=1689&format=png&auto=webp&s=0e83dfc62dd58f51dfa2b15f19082a13975c1c0d)\n\nThe Cronos strike team claimed they only released one name per individual, with the reason they\'ve shared it is to prove to the LockBit gang that they know who they are, and they are coming for them.\n\nIn addition to the seizures and arrests; Japan\'s National Police Agency claimed they were able to create a free decryptor for the LockBit 3.0 malware or LockBit Black from the software found in the confiscated hardware, and is asking that any victims of this malware reach-out for assistance in unlocking their data.\n\nTokyo-based cybersecurity firm Trend Micro which assisted with the Project Cronos LockBit investigation also had this to add\n\n>*The ransomware operation was working on the "next-generation" crypto-locking malware, dubbed* ***LockBit-NG-Dev****, "which could be an upcoming version the group might consider as a true 4.0 version once complete,"*\n\nThe language suggests that although 3.0 was used to create a decryptor, this is not the case with the new LockBit-NG-Dev variant.\n\n**LockBit Ethics**\n\nLockBit in the past has explained they have strict rules as to what targets are allowed by their members; one of those being that Hospitals are strictly off the table-\n\nIn December 2022, a LockBit member attacked a the Toronto Children\'s hospital SickKids. LockBit shortly after provided the decryption key to the hospital and released an apology statement on Twitter.\n\n>*We formally apologize for the attack on sikkids(.)ca and give back the decryptor for free, the partner who attacked this hospital violates our rules, is blocked and is no longer in our affiliate program.*\n\nHowever now, the crime organization has appeared to have backtracked on those rules. In late January 2024, two Chicago hospitals were attacked using the LockBit software. On January 31st, the hospital\'s ... 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 topped $54,000 Monday, breaking through a key resistance level that capped prices since mid-February.\n• SOL, MATIC, ATOM led altcoin gains, while crypto-focused stocks Coinbase, MicroStrategy, Marathon Holdings and Riot Platforms booked double-digit advances.\n• Bitcoin\'s next short-term target is $57,000-58,000, Swissblock said.\nBitcoin {{BTC}} topped $54,000 on Monday surging to its highest price since November 2021, leaving past its recent sideways range as the crypto rally suddenly resumed.\nThe largest crypto by market cap broke through its major resistance level at $53,000 during mid-morning U.S. trading hours, which halted price rallies over the past two weeks, and quickly ran just shy of $55,000 by afternoon hours before slightly retraced,CoinDesk datashows. At press time, BTC was changing hands at $54,400, up nearly 5% over the past 24 hours. It outperformed the broad-market CoinDesk20 Index (CD20), which advanced 4%, topping the 2,000 level for the first time.\nEther {{ETH}}, the second-largest crypto asset, also rose nearly 4%, hitting a fresh 22-month high of $3,200.\nRead more:Ether\'s Bitcoin Beating Rally Not Just Because of Potential ETF Approval: Bernstein\nSolana\'s native token {{SOL}}, Polygon\'sMATICand Cosmos\'ATOMled gains among major cryptocurrencies in the CD20 index, with 5%-7% advances.\nThe crypto rally also lifted digital asset-focused stocks. Shares of crypto exchange Coinbase (COIN) and the Michael Saylor-helmed MicroStrategy (MSTR) both gained 17% during the day. Large-cap bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) booked 22% and 15% gains, respectively.\nWhile somemarketobserversanticipated that bitcoin could correct to $48,000 as it stalled, Monday\'s bounce was a decisive breakthrough of one of the last historically important resistance levels before record highs.\n"BTC now seems to finally break out from the range it has been in since Feb. 15," crypto analytics firm Swissblock said in a Telegram market update Monday. "The momentum is moving up strongly. All sails are set."\nSwissblock analysts added that the next level for bitcoin\'s price target is the $57,000-$58,000 range, with new all-time highs in sight after that.\nThe move was also coupled with an uptick in bitcoin\'s price premium on Coinbase compared to other exchanges, suggesting demand coming from U.S. investors.\nU.S.-listed spot bitcoin exchange-traded funds (ETF) also experienced heavy trading interest, with BlackRock\'s IBIT booking its largest daily trading volume since its debut,TradingView datashows. However, ETF trading volumes do not always translate to inflows for the funds, anNYDIG report pointed out.\nUPDATE (Feb. 26, 20:41 UTC):Updates prices. Adds performance of altcoins, crypto stocks, bitcoin ETF trading volume data.', '• Bitcoin topped $54,000 Monday, breaking through a key resistance level that capped prices since mid-February.\n• SOL, MATIC, ATOM led altcoin gains, while crypto-focused stocks Coinbase, MicroStrategy, Marathon Holdings and Riot Platforms booked double-digit advances.\n• Bitcoin\'s next short-term target is $57,000-58,000, Swissblock said.\nBitcoin {{BTC}} topped $54,000 on Monday surging to its highest price since November 2021, leaving past its recent sideways range as the crypto rally suddenly resumed.\nThe largest crypto by market cap broke through its major resistance level at $53,000 during mid-morning U.S. trading hours, which halted price rallies over the past two weeks, and quickly ran just shy of $55,000 by afternoon hours before slightly retraced,CoinDesk datashows. At press time, BTC was changing hands at $54,400, up nearly 5% over the past 24 hours. It outperformed the broad-market CoinDesk20 Index (CD20), which advanced 4%, topping the 2,000 level for the first time.\nEther {{ETH}}, the second-largest crypto asset, also rose nearly 4%, hitting a fresh 22-month high of $3,200.\nRead more:Ether\'s Bitcoin Beating Rally Not Just Because of Potential ETF Approval: Bernstein\nSolana\'s native token {{SOL}}, Polygon\'sMATICand Cosmos\'ATOMled gains among major cryptocurrencies in the CD20 index, with 5%-7% advances.\nThe crypto rally also lifted digital asset-focused stocks. Shares of crypto exchange Coinbase (COIN) and the Michael Saylor-helmed MicroStrategy (MSTR) both gained 17% during the day. Large-cap bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) booked 22% and 15% gains, respectively.\nWhile somemarketobserversanticipated that bitcoin could correct to $48,000 as it stalled, Monday\'s bounce was a decisive breakthrough of one of the last historically important resistance levels before record highs.\n"BTC now seems to finally break out from the range it has been in since Feb. 15," crypto analytics firm Swissblock said in a Telegram market update Monday. "The momentum is moving up strongly. All sails are set."\nSwissblock analysts added that the next level for bitcoin\'s price target is the $57,000-$58,000 range, with new all-time highs in sight after that.\nThe move was also coupled with an uptick in bitcoin\'s price premium on Coinbase compared to other exchanges, suggesting demand coming from U.S. investors.\nU.S.-listed spot bitcoin exchange-traded funds (ETF) also experienced heavy trading interest, with BlackRock\'s IBIT booking its largest daily trading volume since its debut,TradingView datashows. However, ETF trading volumes do not always translate to inflows for the funds, anNYDIG report pointed out.\nUPDATE (Feb. 26, 20:41 UTC):Updates prices. Adds performance of altcoins, crypto stocks, bitcoin ETF trading volume data.', 'By Tom Westbrook\nSINGAPORE, Feb 27 (Reuters) - Asian shares struggled to advance on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe and the U.S. this week.\nThe yen steadied at 150.57 to the dollar and inched off a three-month low on the euro as Japanese inflation stayed at the central bank\'s 2% year-on-year target, keeping alive expectations it would exit negative rates by April.\nTokyo\'s Nikkei crept 0.4% higher to eke a fresh record high. MSCI\'s broadest index of Asia-Pacific shares outside Japan was flat, keeping beneath last week\'s seven-month peak.\nWall Street indexes fell overnight and S&P 500 and Nasdaq futures nudged 0.1% lower in morning trade.\nThe Federal Reserve\'s favoured measure of inflation - the core personal consumption expenditures (PCE) price index - is due on Thursday and forecasts are for a rise of 0.4%.\n"If as expected, the core m/m reading would be the highest since last February and fit with the patience message from the Fed," said analysts at ANZ Bank.\nRate jitters and enormous auctions - $127 billion on Tuesday and another $42 billion on Wednesday - left Treasuries under pressure, though yields steadied in the Asia morning.\nTen-year U.S. Treasury yields were last 2 basis points lower at 4.27%. Two-year yields fell four basis points to 4.70%.\nMarkets have already pushed out the likely timing of a first Federal Reserve easing from May to June, which is currently priced at around a 70% probability. Futures imply a little more than three quarter-point cuts this year, compared to five at the start of the month.\nOn the geopolitical front, U.S. President Joe Biden said he hopes to have a ceasefire in the Israel-Hamas conflict in Gaza start by next Monday as the warring parties appeared to close in on a deal.\nBrent crude futures kept to recent ranges, rising 0.2% or 16 cents to $82.69 a barrel.\nFigures on inflation in the European Union are also due this week, on Friday, with the core gauge again seen slowing to the lowest since early 2022 at 2.9% and bringing nearer the day when the European Central Bank (ECB) might ease policy.\nMarkets are almost fully priced for a first cut in June, with April seen as a 36% chance. In speeches on Monday, ECB President Christine Lagarde and Bank of Greece Governor Yannis Stournaras again pointed to a reticence to rush in to cuts .\nBank of England deputy Dave Ramsden and Riksbank Governor Erik Thedeen appear later on Tuesday while a smattering of mostly second-tier U.S. and European data are due including consumer confidence for Germany, France and the U.S.\nCurrency trade was fairly subdued in early Asian hours, with recent pressure on the Australian and New Zealand dollars extending. The Aussie fell 0.1% to a one-week low of $0.6530, squeezed by a tumble in iron ore prices.\nThe kiwi was down 0.3% and also at a week low as traders trimmed wagers that New Zealand\'s central bank might even hike interest rates when it meets on Wednesday.\n"With 9 bp priced, we see modest NZD weakness on the announcement," said NatWest Markets currency strategist Antony George.\nThe euro held steady at $1.0848 and sterling inched down to $1.2676. Bitcoin rose sharply overnight on news that software firm MicroStrategy added to its holdings. It was steady at $54,777. Gold held at $2,032 an ounce.\n(Reporting by Tom Westbrook Editing by Shri Navaratnam)', 'SINGAPORE, Feb 27 (Reuters) - Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped $3,200 for the first time in two years.\nBitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroStrategy that it had recently purchased about 3,000 bitcoins for an outlay of $155 million.\nThe original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the United States. On Monday, trading volumes in several of the funds spiked and crypto-linked firms rallied too, in contrast to nervous broader markets. (Reporting by Tom Westbrook; Editing by Tom Hogue)', 'SINGAPORE, Feb 27 (Reuters) - Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on sig **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: 2024-02-27 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,111,236,719,794 - Hash Rate: 524073682.9733743 - Transaction Count: 387598.0 - Unique Addresses: 674490.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.79 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • Bitcoin approached $50,000 on Monday, but failed to break through that level, according to CoinDesk Indices data. • Sell orders placed on Binance and Coinbase indicate profit-taking. Bitcoin {{BTC}} extended its rally Monday, attempting to break through the $50,000 price level for the first time in more than two years, but selling pressure on crypto exchanges capped prices. Spot bitcoin exchange-traded funds (ETF) saw large trading volumes at the U.S. market open as the bitcoin priceincreased rapidlyto just shy of $50,000 from $48,000. The CD20 Index of the largest cryptocurrencies has added 1.72% over 24 hours. The ETFs of BlackRock (IBIT) and Fidelity (FBTC), the largest new entrants, booked their strongest opening-hour trading volume since Jan. 22, with share prices rising about 5%, TradingView data shows, perhaps signaling buyers entering the market after the weekend to allocate fresh funds. However, spot sell orders on crypto exchanges Binance and Coinbase overwhelmed the buy pressure and stalled the uptrend, at least temporarily. The Binance order book data showed an 800 BTC ($40 million) sell order at $50,000, while Coinbase registered a 330 BTC sell order, Skew noted in an X post, suggesting heavy profit-taking at that level. Bitcoin was changing hands at around $49,700 at press time, up 3.4% over the past 24 hours.... - 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:** ['• BlackRock\'s IBIT traded $1.35 billion on Tuesday, surpassing Monday\'s record daily volume.\n• U.S.-listed spot bitcoin ETFs attracted $520 million in net inflows Monday as bitcoin rallied to $57,000.\nBlackRock\'s spot bitcoin {{BTC}} exchange-traded fund (ETF) had another massive trading day Tuesday, recording over $1.3 billion in daily trading volume for the second consecutive day, fueled bybitcoin\'s rallyto $57,000.\nBlackRock\'s IBIT booked $1.357 billion in trading volume during the day, breaking Monday\'s record of $1.3 billion, Bloomberg Intelligence ETF analyst Eric Balchunas noted in an X post Tuesday afternoon at market close. Nearly 42 million shares changed hands,Nasdaq datashowed, more than double of the average since it started trading in January.\nIBIT was the fifth most-traded among all U.S.-listed ETFs during the morning hours, pseudonymous HODL15Capital noted in anX post, adding that Fidelity\'s bitcoin ETF (FBTC) also experienced "strong" trading volume.\nU.S.-listed spot bitcoin ETFs traded over $2 billion, according to data cited by Balchunas, but slightly fell short of Monday\'s record-breaking daily volume of $2.4 billion.\nWhile trading volume can sometimes indicate positive interest in an investment product,it might not always be the caseas the metric looks at both buy and sell orders.\nHowever, Monday’s high volume was certainly characterized by heavy inflows as the funds saw some $520 million in net inflows with only minor outflows from Grayscale\'s incumbent GBTC, according toBitMex Research.\nFidelity saw the strongest inflows at roughly $243 million, followed by Ark and 21Shares’ ARKB, which attracted $130 million. IBIT came in third place at $111 million, a relatively low number for BlackRock’s fund compared to its average inflows since its debut.\nThe large trading volumes happened as bitcoin broke out from its sideways consolidation Monday, rallying over 10% and hitting $57,000 after the U.S. market close, its highest price since Nov. 2021. BTC is up 6% over the past 24 hours, outperforming the CoinDesk20 Index\'s (CD20) 3.5% advance.\nUPDATE (Feb. 14, 22:14 UTC):Updates headline, story to include end-of-the-day volume numbers.', '• BlackRock\'s IBIT traded $1.35 billion on Tuesday, surpassing Monday\'s record daily volume.\n• U.S.-listed spot bitcoin ETFs attracted $520 million in net inflows Monday as bitcoin rallied to $57,000.\nBlackRock\'s spot bitcoin {{BTC}} exchange-traded fund (ETF) had another massive trading day Tuesday, recording over $1.3 billion in daily trading volume for the second consecutive day, fueled bybitcoin\'s rallyto $57,000.\nBlackRock\'s IBIT booked $1.357 billion in trading volume during the day, breaking Monday\'s record of $1.3 billion, Bloomberg Intelligence ETF analyst Eric Balchunas noted in an X post Tuesday afternoon at market close. Nearly 42 million shares changed hands,Nasdaq datashowed, more than double of the average since it started trading in January.\nIBIT was the fifth most-traded among all U.S.-listed ETFs during the morning hours, pseudonymous HODL15Capital noted in anX post, adding that Fidelity\'s bitcoin ETF (FBTC) also experienced "strong" trading volume.\nU.S.-listed spot bitcoin ETFs traded over $2 billion, according to data cited by Balchunas, but slightly fell short of Monday\'s record-breaking daily volume of $2.4 billion.\nWhile trading volume can sometimes indicate positive interest in an investment product,it might not always be the caseas the metric looks at both buy and sell orders.\nHowever, Monday’s high volume was certainly characterized by heavy inflows as the funds saw some $520 million in net inflows with only minor outflows from Grayscale\'s incumbent GBTC, according toBitMex Research.\nFidelity saw the strongest inflows at roughly $243 million, followed by Ark and 21Shares’ ARKB, which attracted $130 million. IBIT came in third place at $111 million, a relatively low number for BlackRock’s fund compared to its average inflows since its debut.\nThe large trading volumes happened as bitcoin broke out from its sideways consolidation Monday, rallying over 10% and hitting $57,000 after the U.S. market close, its highest price since Nov. 2021. BTC is up 6% over the past 24 hours, outperforming the CoinDesk20 Index\'s (CD20) 3.5% advance.\nUPDATE (Feb. 14, 22:14 UTC):Updates headline, story to include end-of-the-day volume numbers.', 'Top 10 Creations (All ETFs)\n[{"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "698.80", "AUM ($, mm)": "250,061.78", "AUM % Change": "0.28%"}, {"Ticker": "VGIT", "Name": "Vanguard Intermediate-Term Treasury Index ETF", "Net Flows ($, mm)": "662.71", "AUM ($, mm)": "24,513.24", "AUM % Change": "2.70%"}, {"Ticker": "HYG", "Name": "iShares iBoxx USD High Yield Corporate Bond ETF", "Net Flows ($, mm)": "486.26", "AUM ($, mm)": "17,165.92", "AUM % Change": "2.83%"}, {"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Net Flows ($, mm)": "362.63", "AUM ($, mm)": "413,916.69", "AUM % Change": "0.09%"}, {"Ticker": "DIA", "Name": "SPDR Dow Jones Industrial Average ETF Trust", "Net Flows ($, mm)": "293.45", "AUM ($, mm)": "33,411.92", "AUM % Change": "0.88%"}, {"Ticker": "RSP", "Name": "Invesco S&P 500 Equal Weight ETF", "Net Flows ($, mm)": "221.94", "AUM ($, mm)": "49,722.39", "AUM % Change": "0.45%"}, {"Ticker": "TLT", "Name": "iShares 20+ Year Treasury Bond ETF", "Net Flows ($, mm)": "215.70", "AUM ($, mm)": "49,471.06", "AUM % Change": "0.44%"}, {"Ticker": "BBEU", "Name": "JPMorgan BetaBuilders Europe ETF", "Net Flows ($, mm)": "196.04", "AUM ($, mm)": "7,351.63", "AUM % Change": "2.67%"}, {"Ticker": "PWB", "Name": "Invesco Large Cap Growth ETF", "Net Flows ($, mm)": "178.12", "AUM ($, mm)": "1,002.39", "AUM % Change": "17.77%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Net Flows ($, mm)": "167.54", "AUM ($, mm)": "6,649.18", "AUM % Change": "2.52%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Net Flows ($, mm)": "-3,402.80", "AUM ($, mm)": "495,758.41", "AUM % Change": "-0.69%"}, {"Ticker": "IVV", "Name": "iShares Core S&P 500 ETF", "Net Flows ($, mm)": "-1,122.78", "AUM ($, mm)": "442,655.70", "AUM % Change": "-0.25%"}, {"Ticker": "LQD", "Name": "iShares iBoxx USD Investment Grade Corporate Bond ETF", "Net Flows ($, mm)": "-334.91", "AUM ($, mm)": "32,054.28", "AUM % Change": "-1.04%"}, {"Ticker": "SOXX", "Name": "iShares Semiconductor ETF", "Net Flows ($, mm)": "-318.16", "AUM ($, mm)": "12,058.11", "AUM % Change": "-2.64%"}, {"Ticker": "SMH", "Name": "VanEck Semiconductor ETF", "Net Flows ($, mm)": "-250.25", "AUM ($, mm)": "15,638.84", "AUM % Change": "-1.60%"}, {"Ticker": "IWM", "Name": "iShares Russell 2000 ETF", "Net Flows ($, mm)": "-229.99", "AUM ($, mm)": "61,686.41", "AUM % Change": "-0.37%"}, {"Ticker": "VGSH", "Name": "Vanguard Short-Term Treasury Index Fund", "Net Flows ($, mm)": "-207.31", "AUM ($, mm)": "20,440.92", "AUM % Change": "-1.01%"}, {"Ticker": "SCHO", "Name": "Schwab Short-Term U.S. Treasury ETF", "Net Flows ($, mm)": "-168.63", "AUM ($, mm)": "11,254.85", "AUM % Change": "-1.50%"}, {"Ticker": "SSO", "Name": "ProShares Ultra S&P 500", "Net Flows ($, mm)": "-164.99", "AUM ($, mm)": "4,333.84", "AUM % Change": "-3.81%"}, {"Ticker": "TOTL", "Name": "SPDR DoubleLine Total Return Tactical ETF", "Net Flows ($, mm)": "-156.84", "AUM ($, mm)": "3,007.69", "AUM % Change": "-5.21%"}]\nETF Daily Flows By Asset Class\n[{"": "Alternatives", "Net Flows ($, mm)": "-14.79", "AUM ($, mm)": "6,947.29", "% of AUM": "-0.21%"}, {"": "Asset Allocation", "Net Flows ($, mm)": "8.62", "AUM ($, mm)": "17,332.74", "% of AUM": "0.05%"}, {"": "Commodities", "Net Flows ($, mm)": "69.31", "AUM ($, mm)": "123,090.64", "% of AUM": "0.06%"}, {"": "Currency", "Net Flows ($, mm)": "243.54", "AUM ($, mm)": "41,587.04", "% of AUM": "0.59%"}, {"": "International Equity", "Net Flows ($, mm)": "150.99", "AUM ($, mm)": "1,411,868.66", "% of AUM": "0.01%"}, {"": "International Fixed Income", "Net Flows ($, mm)": "252.28", "AUM ($, mm)": "175,270.38", "% of AUM": "0.14%"}, {"": "Inverse", "Net Flows ($, mm)": "-162.51", "AUM ($, mm)": "14,005.57", "% of AUM": "-1.16%"}, {"": "Leveraged", "Net Flows ($, mm)": "-340.35", "AUM ($, mm)": "88,044.29", "% of AUM": "-0.39%"}, {"": "U.S. Equity", "Net Flows ($, mm)": "-2,526.61", "AUM ($, mm)": "5,254,180.11", "% of AUM": "-0.05%"}, {"": "U.S. Fixed Income", "Net Flows ($, mm)": "1,691.40", "AUM ($, mm)": "1,364,122.83", "% of AUM": "0.12%"}, {"": "Total:", "Net Flows ($, mm)": "-628.13", "AUM ($, mm)": "8,496,449.56", "% of AUM": "-0.01%"}]\nDisclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.\nPermalink| © Copyright 2024etf.com.All rights reserved', 'Several major cryptocurrencies rallied on Tuesday amid news of growing crypto adoption and speculation surrounding the timing of the first spot Ethereum-centricexchange-traded fund (ETF)approvals.\nWhen all was said and done during today\'s regular trading session, the price ofBitcoin(CRYPTO: BTC)was up 4.5%,Ethereum(CRYPTO: ETH)had gained 1.8%, andDogecoin(CRYPTO: DOGE)climbed 12.2%.\nCompany card for Bitcoin CRYPTO:BTC\nThe price of Bitcoin climbed above $57,000 today for the first time since December 2021, apparently bolstered by record inflows into Bitcoin ETFs. Around $2.5 billion flowed into digital asset investment products last week, according to data from crypto research firm CoinShares, with Bitcoin funds responsible for 99% of those inflows. That influx of capital followed a historic decision last month by the United States Securities and Exchange Commission (SEC) to simultaneously approve the first 13 applications for spot Bitcoin ETFs.\nThose approvals, of course, were the culmination of months of speculation after the SECdeclined to appeal a federal court\'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: 2024-02-28 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,123,495,831,594 - Hash Rate: 605325416.7676959 - Transaction Count: 413800.0 - Unique Addresses: 763915.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.82 **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. Headwinds for bitcoin(BTC)continueto linger and could contribute to prices falling lower in the coming days, despite the apparent early successes of several U.S.-listed spot exchange-traded funds (ETFs).Bitcoin prices fell as low as 15% after the much-awaited ETF listing last week, with outflows from Grayscale’s Bitcoin Trust product said to contribute to the downward pressure. ETF volume data provided by BlackRock (BLK), Fidelity and Bitwisecumulatively crossedthe $500 million mark earlier this week – indicating demand from regulated funds and professional traders. Coinbase (COIN), the custodian for several ETF providers, saw record-high OTC desk transfer volumes. “Several on-chain metrics and indicators still suggest the price correction may not be over or at least that a new rally is still not on the cards,” CryptoQuant analysts said. “Short-term traders and large bitcoin holders are still doing significant selling in a context of “risk-off” attitude. Decentralized exchange dYdX, which recently migrated from Ethereum to Cosmos, has replaced one of Uniswap's markets as thelargestDEX by daily trading volume, according todatafrom CoinMarketCap.The Cosmos-based v4 version of dYdX just saw $757 million of volume over a 24-hour period, topping Uniswap v3, which had $608 million, the data shows. dYdX's v3 market, which still operates, had $567 million, enough for third place. According to dYdX, the total trade volume so far for its v4 market since launch is $17.8 billion. In 2023, dYdX's v3 saw a total ofover$1 trillion in trading volume, with several days exceeding $2 billion of trading volume. Former President and front-runner in the Republican leadership race, Donald Trump, haspromisedto ban the creation of a central bank digital currency (CBDC) during a campaign stop in New Hampshire."As your president, I will never allow the creation of a central bank digital currency,” Trump said on stage, joined by crypto-friendly former candidate Vivek Ramaswamy,who recently suspended his campaign.“This would be a dangerous threat to freedom, and I will stop it from coming to America,” Trump continued. “Such a currency would give a federal government absolute control over your money. They could take your money, and you wouldn’t even know it was gone.” • The chart shows the S&P 500 in inflation-adjusted terms, the spread between U.S. 10 and two-year Treasury bond yields, and the Fed funds rate (the benchmark borrowing cost) since 1999. • Fed's pivot to rate cuts or renewed liquidity easing typically comes from the point of economic weakness, coinciding with a bearish trend reversal and a sell-off in the S&P 500, as observed in 2000, 2008, and late 2019. • The market expects the Fed to cut rates by over 100 basis points this year. • Source: ByteTree Research, Bloomberg -Omkar Godbole • Sui Teams Up With Oracle Stork to Provide Builders With Fast Pricing Data • Investment Firm With $1B Assets Looks to Invest in Bitcoin Mining With Fabiano Consulting • TrueUSD Wobbles Towards $1 Peg Amid Reported Redemption Issues... - 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:** ['Following a brief lull last week, bitcoin ETF inflows renewed their rapid march upward, pushing the price of the asset to its highest levels since late 2021.\nOn Tuesday, funds reached $576.8 million in net inflows, their third highest total since they started trading Jan. 11, and have already surpassed $1 billion for the week, according to the research arm of crypto exchange BitMex. BlackRock’s iShares Bitcoin Trust (IBIT) generated its own single-day record with about $520 million in flows and has totaled more than $6.5 billion in flows overall.\nSpot bitcoin ETFs based on the most current market value of the largest cryptocurrency by market capitalization have generated over $6.7 billion in inflows in less than two months, despite more than $7.5 billion in outflows from theGrayscale Bitcoin Trust (GBTC).\nThat product differs from other offerings. GBTC is a conversion from a longer-standing bitcoin trust and charges a 1.5% fee, by far the highest among the 10 new offerings.\n“Investors seem to have fully embraced spot bitcoin ETFs as an easy use channel for making bets on the cryptocurrency,” etf.com analyst Sumit Roy said. “Further price gains may encourage more investors to take the leap into these ETFs, fueling even higher prices and more inflows. Of course, this cycle can eventually play out in reverse as well.”\nThe products’ success underscores the pent-up demand for spot BTC ETFs after a decade of issuers seeking SEC approval for their applications. The new ETFs availability has now helped spur some of the most dramatic price gains in bitcoin’s 15-year history.\nSome analysts are now predicting that bitcoin will top its previous record high near $70,000, set in November 2021, in the weeks ahead or even sooner. On Wednesday, bitcoin topped $63,500 before retreating, according to CoinGecko data.\nIn a note to etf.com, Mark Connor, head researcher for Canadian crypto asset manager 3iQ wrote that he expected volumes and price to continue increasing.\n“It won’t be in a straight line, but the record flows into ETFs are accelerating without most RIAs or any of the wire house’s green lighted yet,” he noted, adding: “The price action may alarm some, but this is following the pattern BTC has followed since inception…and we are at the sweet spot for price appreciation as our 2024.”\nPermalink| © Copyright 2024etf.com.All rights reserved', 'Following a brief lull last week, bitcoin ETF inflows renewed their rapid march upward, pushing the price of the asset to its highest levels since late 2021.\nOn Tuesday, funds reached $576.8 million in net inflows, their third highest total since they started trading Jan. 11, and have already surpassed $1 billion for the week, according to the research arm of crypto exchange BitMex. BlackRock’s iShares Bitcoin Trust (IBIT) generated its own single-day record with about $520 million in flows and has totaled more than $6.5 billion in flows overall.\nSpot bitcoin ETFs based on the most current market value of the largest cryptocurrency by market capitalization have generated over $6.7 billion in inflows in less than two months, despite more than $7.5 billion in outflows from theGrayscale Bitcoin Trust (GBTC).\nThat product differs from other offerings. GBTC is a conversion from a longer-standing bitcoin trust and charges a 1.5% fee, by far the highest among the 10 new offerings.\n“Investors seem to have fully embraced spot bitcoin ETFs as an easy use channel for making bets on the cryptocurrency,” etf.com analyst Sumit Roy said. “Further price gains may encourage more investors to take the leap into these ETFs, fueling even higher prices and more inflows. Of course, this cycle can eventually play out in reverse as well.”\nThe products’ success underscores the pent-up demand for spot BTC ETFs after a decade of issuers seeking SEC approval for their applications. The new ETFs availability has now helped spur some of the most dramatic price gains in bitcoin’s 15-year history.\nSome analysts are now predicting that bitcoin will top its previous record high near $70,000, set in November 2021, in the weeks ahead or even sooner. On Wednesday, bitcoin topped $63,500 before retreating, according to CoinGecko data.\nIn a note to etf.com, Mark Connor, head researcher for Canadian crypto asset manager 3iQ wrote that he expected volumes and price to continue increasing.\n“It won’t be in a straight line, but the record flows into ETFs are accelerating without most RIAs or any of the wire house’s green lighted yet,” he noted, adding: “The price action may alarm some, but this is following the pattern BTC has followed since inception…and we are at the sweet spot for price appreciation as our 2024.”\nPermalink| © Copyright 2024etf.com.All rights reserved', 'Last month, as bitcoin approached $45,000, JPMorgan Chase CEO Jamie Dimon compared thecryptocurrencyto a Pet Rock andsaidpeople need to “stop talking about this s—.”\nNow, bitcoin investors are laughing all the way to the bank.\nThe cryptocurrency is up a whopping 20% in just five days. And with Wednesday’s gains, it’s nearing its all-time high of around $69,000 set in November 2021, the last time bitcoin traded above $60,000.\nThe rally is partly driven by billions of dollars flowing into the cryptocurrency after the US Securities and Exchange Commissiongreen litbitcoin exchange-traded funds last month.\nThe other major factor at play is the upcoming“halving” of bitcoin. Halving refers to the built-in feature of bitcoin that automatically reduces the rate of new coins entering circulation. It takes place roughly every four years and, in theory, pushes the price of bitcoin higher because it creates more scarcity of an already finite currency.\nThis happens because the bitcoin miners (who are behind programs used to solve complex math problems that are intrinsic to using the token) see their bitcoin-denominated reward cut in half when a threshold is reached.\nIn the past, bitcoin halvings have catalyzed significant bullish periods. But there’s no hard rule this is the outcome each time. Any number of events — such as the prospect of new regulations — could take a bite from any potential gains that come from a halving.\nHowever, investors so far seem to be quite optimistic that won’t play out, and are rushing to get in on the action or cash out their gains. Coinbase, a crypto exchange platform, experienced major outages as a result of the surge in trading, the company’s CEO Brian Armstrongsaidin a post on X Wednesday.\n“Some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling,” Coinbase Supportpostedon X around 1 pm ET on Wednesday. “Our team is investigating this & will provide an update shortly. Your assets are safe.”\nAn hour and a half later, Coinbase said in anotherposton X it was “beginning to see improvement in customer trading.” It added customers may still be experiencing some issues “due to increased traffic.”\nCoinbase declined to comment to CNN about the outages, beyond the X posts.\nFor more CNN news and newsletters create an account atCNN.com', 'Last month, as bitcoin approached $45,000, JPMorgan Chase CEO Jamie Dimon compared thecryptocurrencyto a Pet Rock andsaidpeople need to “stop talking about this s—.”\nNow, bitcoin investors are laughing all the way to the bank.\nThe cryptocurrency is up a whopping 20% in just five days. And with Wednesday’s gains, it’s nearing its all-time high of around $69,000 set in November 2021, the last time bitcoin traded above $60,000.\nThe rally is partly driven by billions of dollars flowing into the cryptocurrency after the US Securities and Exchange Commissiongreen litbitcoin exchange-traded funds last month.\nThe other major factor at play is the upcoming“halving” of bitcoin. Halving refers to the built-in feature of bitcoin that automatically reduces the rate of new coins entering circulation. It takes place roughly every four years and, in theory, pushes the price of bitcoin higher because it creates more scarcity of an already finite currency.\nThis happens because the bitcoin miners (who are behind programs used to solve complex math problems that are intrinsic to using the token) see their bitcoin-denominated reward cut in half when a threshold is reached.\nIn the past, bitcoin halvings have catalyzed significant bullish periods. But there’s no hard rule this is the outcome each time. Any number of events — such as the prospect of new regulations — could take a bite from any potential gains that come from a halving.\nHowever, investors so far seem to be quite optimistic that won’t play out, and are rushing to get in on the action or cash out their gains. Coinbase, a crypto exchange platform, experienced major outages as a result of the surge in trading, the company’s CEO Brian Armstrongsaidin a post on X Wednesday.\n“Some users may see a zero balance across their Coinbase accounts & may experience errors in buying or selling,” Coinbase Supportpostedon X around 1 pm ET on Wednesday. “Our team is investigating this & will provide an update shortly. Your assets are safe.”\nAn hour and a half later, Coinbase said in anotherposton X it was “beginning to see improvement in customer trading.” It added customers may still be experiencing some issues “due to increased traffic.”\nCoinbase declined to comment to CNN about the outages, beyond the X posts.\nFor more CNN news and newsletters create an account atCNN.com', "Katherine Schneider; Director, IR; Bain Capital Specialty Finance, Inc.\nMichael Ewald; CEO & Director; Bain Capital Specialty Finance, Inc.\nMike Boyle; President; Bain Capital Specialty Finance, Inc.\nAmit Joshi; CFO & Treasurer; Bain Capital Specialty Finance, Inc.\nPaul Johnson; Analyst; Keefe, Bruyette & Woods, Inc.\nOperator\nGood morning, ladies and gentlemen, and welcome to the Bain Capital. It sorry, Bain Capital Specialty Finance Fourth Quarter and Fiscal Year Ended December 31, 2023, earnings conference call. (Operato **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: 2024-02-29 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,219,209,109,650 - Hash Rate: 540324029.7322387 - Transaction Count: 407090.0 - Unique Addresses: 772702.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.80 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- After being caught flat-footed early last year, fund managers have gone all-in on technology stocks — so much so that it’s sparking warnings that the Nasdaq 100 Index is looking ever more vulnerable to investor pullbacks. Most Read from Bloomberg Blinken’s Return From Davos Was Delayed After Plane Broke Down YouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining Netflix Pakistan’s Army Strikes Back at Iran as Both Sides Urge Calm Trump Moves to Quash Hopes of Congress Ukraine, Border Deal Trump Asks Supreme Court to Keep Him on Colorado Ballot There are ample signs that investor euphoria around Big Tech is running high amid bets that the Federal Reserve will deliver a rapid series of interest-rate cuts in the coming months. Hedge funds hold the highest level of net-long Nasdaq 100 futures in nearly seven years, according to Societe Generale’s weighted analysis of data on the Nasdaq 100 Index futures and e-mini contracts provided by the Commodities Futures Trading Commission. Meanwhile, a global fund manager survey from Bank of America Corp. this month showed the most crowded trade is being long the so-called Magnificent Seven stocks and other tech-related growth shares as a way to play the prospect of Fed easing. The positioning looked good on Thursday, with strength in tech shares pushing the Nasdaq 100 up as much as 1.4%. But it also raises the stakes for the coming weeks as investors parse quarterly earnings for a fresh reading on the sector’s growth prospects. “Investors feel obliged to have a very strong weighting on the Nasdaq 100,” said Arthur van Slooten, a global asset allocation strategist at Societe Generale. “Obviously the performance is good. But the other reason is if they are not sufficiently weighted on the Nasdaq 100, they will probably underperform their equity benchmark.” The heavy exposure also means “the potential downside is bigger,” he said. January Outperformance Coming off a 54% surge in 2023, its best performance since the dot-com boom of the late 1990s, the Nasdaq 100 is outpacing other major US benchmarks in January with a slight gain. Story continues It lost some steam at the start of the month as solid economic data and remarks from Fed officials led traders to trim wagers on a rate cut as soon as this quarter. The Cboe NDX Volatility Index — a measure of expected turbulence in the tech-heavy benchmark — is around its highest since November, a sign of demand for options to hedge against declines in the underlying gauge. At Vontobel Swiss Financial Advisors, Pascal Koeppel is keeping his sector holding neutral, on the view that the rate of growth of megacap tech firms has peaked. “Investors are really overexposed to tech,” said the firm’s chief investment officer. “Can tech companies repeat the growth that they had in the last 10 years into the next 10 years? I don’t know the answer, but the probability is lower that they will have this abnormally high growth.” Even so, UBS Group AG expects artificial intelligence — a major driver behind last year’s rally — to serve as a tailwind to stocks for years to come. The firm sees AI industry revenue growing soaring to some $420 billion by 2027, to some $420 billion, from $28 billion in 2022. For Ayako Yoshioka, senior portfolio manager at Wealth Enhancement Group, it’s still a bigger risk to be underweight the sector than overweight because the growing array of ways that AI can be used will further propel companies like Nvidia Corp. “Tech definitely is a little bit overvalued now,” said Yoshioka, who oversees around $700 million and has been overweight tech for at least the last five years. Still “we remain overweight. We’re going to take some pain in the near term, but I think that’s going to be offset.” Most Read from Bloomberg Businessweek The Downfall of Diddy Inc. Japan’s Market Roars Back to Life—With Old-Timers Leading the Way The Bitcoin Hype Is Back and About Just as Hollow as Before Elon Moves Further Right; Hertz Ditches Tesla ©2024 Bloomberg L.P.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Top 10 Creations (All ETFs)\n[{"Ticker": "VGT", "Name": "Vanguard Information Technology ETF", "Net Flows ($, mm)": "4,945.56", "AUM ($, mm)": "69,412.67", "AUM % Change": "7.12%"}, {"Ticker": "IVV", "Name": "iShares Core S&P 500 ETF", "Net Flows ($, mm)": "713.04", "AUM ($, mm)": "442,696.24", "AUM % Change": "0.16%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Net Flows ($, mm)": "520.20", "AUM ($, mm)": "8,069.56", "AUM % Change": "6.45%"}, {"Ticker": "VTI", "Name": "Vanguard Total Stock Market ETF", "Net Flows ($, mm)": "452.46", "AUM ($, mm)": "374,802.78", "AUM % Change": "0.12%"}, {"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Net Flows ($, mm)": "444.70", "AUM ($, mm)": "413,710.03", "AUM % Change": "0.11%"}, {"Ticker": "EMXC", "Name": "iShares MSCI Emerging Markets ex China ETF", "Net Flows ($, mm)": "387.10", "AUM ($, mm)": "10,872.57", "AUM % Change": "3.56%"}, {"Ticker": "LQD", "Name": "iShares iBoxx USD Investment Grade Corporate Bond ETF", "Net Flows ($, mm)": "333.04", "AUM ($, mm)": "31,918.28", "AUM % Change": "1.04%"}, {"Ticker": "TLT", "Name": "iShares 20+ Year Treasury Bond ETF", "Net Flows ($, mm)": "241.51", "AUM ($, mm)": "48,989.71", "AUM % Change": "0.49%"}, {"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "240.66", "AUM ($, mm)": "252,623.54", "AUM % Change": "0.10%"}, {"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Net Flows ($, mm)": "228.08", "AUM ($, mm)": "497,891.21", "AUM % Change": "0.05%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "HYG", "Name": "iShares iBoxx USD High Yield Corporate Bond ETF", "Net Flows ($, mm)": "-308.54", "AUM ($, mm)": "16,321.70", "AUM % Change": "-1.89%"}, {"Ticker": "SOXX", "Name": "iShares Semiconductor ETF", "Net Flows ($, mm)": "-224.63", "AUM ($, mm)": "12,001.62", "AUM % Change": "-1.87%"}, {"Ticker": "XLK", "Name": "Technology Select Sector SPDR Fund", "Net Flows ($, mm)": "-205.69", "AUM ($, mm)": "63,372.91", "AUM % Change": "-0.32%"}, {"Ticker": "XLF", "Name": "Financial Select Sector SPDR Fund", "Net Flows ($, mm)": "-186.94", "AUM ($, mm)": "37,032.43", "AUM % Change": "-0.50%"}, {"Ticker": "SCHO", "Name": "Schwab Short-Term U.S. Treasury ETF", "Net Flows ($, mm)": "-180.60", "AUM ($, mm)": "10,828.78", "AUM % Change": "-1.67%"}, {"Ticker": "PWB", "Name": "Invesco Large Cap Growth ETF", "Net Flows ($, mm)": "-176.81", "AUM ($, mm)": "828.05", "AUM % Change": "-21.35%"}, {"Ticker": "PMAR", "Name": "Innovator U.S. Equity Power Buffer ETF - March", "Net Flows ($, mm)": "-168.34", "AUM ($, mm)": "337.59", "AUM % Change": "-49.87%"}, {"Ticker": "DIA", "Name": "SPDR Dow Jones Industrial Average ETF Trust", "Net Flows ($, mm)": "-155.87", "AUM ($, mm)": "33,353.71", "AUM % Change": "-0.47%"}, {"Ticker": "SHY", "Name": "iShares 1-3 Year Treasury Bond ETF", "Net Flows ($, mm)": "-155.03", "AUM ($, mm)": "25,792.78", "AUM % Change": "-0.60%"}, {"Ticker": "VGSH", "Name": "Vanguard Short-Term Treasury Index Fund", "Net Flows ($, mm)": "-142.03", "AUM ($, mm)": "20,242.57", "AUM % Change": "-0.70%"}]\nETF Daily Flows By Asset Class\n[{"": "Alternatives", "Net Flows ($, mm)": "-2.89", "AUM ($, mm)": "6,959.56", "% of AUM": "-0.04%"}, {"": "Asset Allocation", "Net Flows ($, mm)": "5.64", "AUM ($, mm)": "17,293.10", "% of AUM": "0.03%"}, {"": "Commodities", "Net Flows ($, mm)": "-240.01", "AUM ($, mm)": "123,518.90", "% of AUM": "-0.19%"}, {"": "Currency", "Net Flows ($, mm)": "578.06", "AUM ($, mm)": "47,092.11", "% of AUM": "1.23%"}, {"": "International Equity", "Net Flows ($, mm)": "915.95", "AUM ($, mm)": "1,415,926.18", "% of AUM": "0.06%"}, {"": "International Fixed Income", "Net Flows ($, mm)": "-19.46", "AUM ($, mm)": "173,262.05", "% of AUM": "-0.01%"}, {"": "Inverse", "Net Flows ($, mm)": "87.26", "AUM ($, mm)": "14,047.84", "% of AUM": "0.62%"}, {"": "Leveraged", "Net Flows ($, mm)": "84.60", "AUM ($, mm)": "88,922.05", "% of AUM": "0.10%"}, {"": "U.S. Equity", "Net Flows ($, mm)": "8,801.25", "AUM ($, mm)": "5,270,400.38", "% of AUM": "0.17%"}, {"": "U.S. Fixed Income", "Net Flows ($, mm)": "706.79", "AUM ($, mm)": "1,361,438.76", "% of AUM": "0.05%"}, {"": "Total:", "Net Flows ($, mm)": "10,917.19", "AUM ($, mm)": "8,518,860.92", "% of AUM": "0.13%"}]\nDisclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.\nPermalink| © Copyright 2024etf.com.All rights reserved', 'By Ankur Banerjee\nSINGAPORE, March 1 (Reuters) - The dollar was steady on Friday after data showed U.S. inflation remained sticky but easing gradually, keeping alive the chance of the Federal Reserve cutting rates in June, while the yen slid back to the key 150 per dollar level.\nBitcoin\'s blistering rally took a breather and was last at $61,622, near a more than two year high and within range of the record high.\nThe cryptocurrency surged 45% in February, its biggest monthly gain in more than three years, boosted by cash rushing into exchange-traded funds which were approved and launched this year in the United States.\nThe dollar index, which measures the U.S. currency against six rivals, was at 104.11 after a volatile overnight session following the inflation report. The data showed U.S. prices picked up in January in line with expectations, while annual inflation slipped to the lowest in three years.\n"The inflation readings can be noisy month to month," strategists at Commonwealth Bank of Australia said in a note.\n"The data does emphasise the need for the FOMC to be cautious before beginning to normalise interest rates, especially in the current context of a still-tight labour market."\nA string of strong economic data and recent reports showing sticky inflation had led traders to rethink when the Fed will start its easing cycle, with expectations that June is likely to be the starting point.\nMarkets are pricing in a 65% chance of the Fed cutting rates in June, CME FedWatch tool showed, compared with March as the starting point at the beginning of the year.\nTraders are pricing in 82 basis points of cuts this year, closer to the Fed\'s own projection of 75 bps of easing and drastically lower than 150 bps of rate cuts anticipated when the year began.\nU.S. central bankers are looking through recent data showing price pressures rebounded last month, and are focusing instead on overall progress on inflation that they say will likely set the agenda for interest-rate cuts later this year.\n"I expect things are going to be bumpy," Atlanta Federal Reserve Bank President Raphael Bostic said.\nAfter a brief bout of strength on Thursday, the yen was back at 150 per dollar territory it has been rooted to in the past few weeks, leading to worries over possible intervention from the Japanese authorities.\nOn Friday, the yen weakened 0.19% to 150.27 per dollar, having strengthened to as much as 149.21 on Thursday after comments from Bank of Japan official Hajime Takata hinted at the need to exit ultra-easy policies.\nTakata\'s comments stoked expectations that the central bank could end negative rates in March rather than the widely held view of a move in April.\nBut on Friday, BOJ Governor Kazuo Ueda said it was too early to conclude that inflation was close to sustainably meeting the central bank\'s 2% inflation target and stressed the need to scrutinise more data on the wage outlook.\nThe contrasting comments are likely to keep investors guessing about the next move from the central bank.\nIn other currencies, the euro was up 0.08% at $1.0812, while sterling was last at $1.2625, up 0.02% on the day.\nThe Australian dollar rose 0.08% to $0.65025, while the New Zealand dollar was little changed at $0.6088.\n(Reporting by Ankur Banerjee in Singapore Editing by Shri Navaratnam)', "John Kraft; Head of Strategy & Finance; ACI Worldwide Inc\nThomas Warsop; Chief Executive Officer; ACI Worldwide Inc\nScott Behrens; Chief Financial Officer; ACI Worldwide Inc\nPeter Heckmann; Analyst; D.A. Davidson & Co.\nJeff Cantwell; Analyst; Seaport Global Securities LLC\nOperator\nLadies and gentlemen, thank you for standing by. My name is Cath, and I will be your conference operator today. At this time, I would like to welcome everyone to the ACI Worldwide, Inc. first quarter and full-year ended 2023 financial results. (Operator Instructions)I would now like to turn the conference over to John Kraft. Please go ahead.\nJohn Kraft\nThank you, and good morning, everyone. On today's call, we will discuss the company's fourth-quarter and full-year 2023 results. We will also discuss the financial outlook for the rest of 2024, and we'll take your questions at the end. The slides accompanying this call and webcast can be found at aciworldwide.com under the Investor Relations tab and will remain available after the call.Today's call is subject to Safe Harbor and forward-looking statements like all of our events. You can find the full text of both statements in our presentation deck and earnings release, both of which are available on our website and with the SEC.On this morning's call is Tom Warsop, our President and CEO; and Scott Behrens, our CFO. Before we begin, we wanted to make sure that everyone was aware of our upcoming Analyst Day which will be held in New York City on March 12. Please reach out if you haven't received an invitation.With that, I'll turn the call over to Tom.\nThomas Warsop\nGood morning, and thank you for joining our call. I'm going to start with some high-level thoughts on my first year as CEO, and I'll provide comments about our 2023 performance. I'll finish by reiterating my confidence in our ability to take advantage of strong market opportunities in 2024 and beyond. And then as usual, I'll hand it over to Scott and he'll discuss financial results in more detail and our outlook for 2024 and we'll open the line for questions after that.As you probably know, I've been the CEO fir **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: 2024-03-01 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,207,530,556,650 - Hash Rate: 608054004.3789 - Transaction Count: 419284.0 - Unique Addresses: 771270.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.80 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Yemen’s Houthis vowed they would keep attacking ships in the Red Sea, even after the US launched a fourth round of missiles strikes against them. Most Read from Bloomberg Blinken’s Return From Davos Was Delayed After Plane Broke Down Pakistan’s Army Strikes Back at Iran as Both Sides Urge Calm Apple to Sell Watches Without Oxygen Feature After Legal Setback Airstrikes on Yemen Bring New Level of Chaos to Shipping in the Southern Red Sea Nasdaq 100 Hits Record High in Tech-Fueled Rebound: Markets Wrap “It is an honor for our people to be in such a confrontation with these evil forces,” Abdul Malik al-Houthi, the head of the Iran-backed militant group, said in a televised speech on Thursday, citing the US, the UK and Israel. The Houthis are now in “direct confrontation” with all three and are taking steps to bolster their military capabilities, he said. The Houthis have ramped up attacks on vessels in and around the southern Red Sea since mid-November, roiling shipping markets and sending freight costs higher. The group says its campaign is to support Hamas in its war against Israel in Gaza. Read more: Who Are the Houthis Being Hit With US, UK Airstrikes?: QuickTake The Houthis have ignored repeated warnings form the West to stop. On Jan. 12, the US and UK launched the first of their strikes against them, targeting military airports, radar installations and storage and launch sites for drones and missiles. US officials have said that while they don’t expect to deter the Houthis, they believe they are degrading the group’s ability to fire missiles and drones at ships. Still, this week the Houthis have hit three more merchant vessels, including a US-owned commodities carrier on Wednesday evening. Al-Houthi’s remarks raise the prospect of a prolonged conflict in the region as the fallout from Israel’s war against Hamas worsens. “Our maritime operations are having a very big impact and that’s what we want,” he said. Read more: Red Sea Shipping Chaos Worsens as US Strikes Broaden Crisis Story continues Many shipping companies and energy firms are avoiding the Red Sea, which normally handles 12% of global seaborne trade. Plenty of vessels are instead taking the much longer journey to and from Europe by going around southern Africa. Since the war between Israel and Hamas erupted in October, US bases have come under fire from Iran-backed groups in Iraq and Syria, and Tehran has struck targets in neighboring countries. Hezbollah, one of the most powerful militias in the Middle East, has also engaged in cross-border fire with Israel. LNG Tankers Divert From Red Sea as Qatar Warns of Escalation Al-Houthi, whose group receives significant financial, military and intelligence support from Tehran and is eager to elevate its standing within Iran’s alliance of regional proxies, said the group wanted to be a “real pressure point” on the US and Israel. The Palestinian cause is “one that we live by and die by,” he added. Most Read from Bloomberg Businessweek The Downfall of Diddy Inc. Japan’s Market Roars Back to Life—With Old-Timers Leading the Way The Bitcoin Hype Is Back and About Just as Hollow as Before Elon Moves Further Right; Hertz Ditches Tesla ©2024 Bloomberg L.P.... - 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:** ['Top 10 Creations (All ETFs)\n[{"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Net Flows ($, mm)": "3,491.77", "AUM ($, mm)": "500,604.70", "AUM % Change": "0.70%"}, {"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "696.39", "AUM ($, mm)": "251,983.35", "AUM % Change": "0.28%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Net Flows ($, mm)": "612.10", "AUM ($, mm)": "9,147.06", "AUM % Change": "6.69%"}, {"Ticker": "IVV", "Name": "iShares Core S&P 500 ETF", "Net Flows ($, mm)": "508.52", "AUM ($, mm)": "442,511.98", "AUM % Change": "0.11%"}, {"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Net Flows ($, mm)": "322.63", "AUM ($, mm)": "413,384.34", "AUM % Change": "0.08%"}, {"Ticker": "LQD", "Name": "iShares iBoxx USD Investment Grade Corporate Bond ETF", "Net Flows ($, mm)": "301.02", "AUM ($, mm)": "32,240.87", "AUM % Change": "0.93%"}, {"Ticker": "RSP", "Name": "Invesco S&P 500 Equal Weight ETF", "Net Flows ($, mm)": "294.96", "AUM ($, mm)": "50,271.99", "AUM % Change": "0.59%"}, {"Ticker": "AGG", "Name": "iShares Core U.S. Aggregate Bond ETF", "Net Flows ($, mm)": "252.74", "AUM ($, mm)": "102,098.30", "AUM % Change": "0.25%"}, {"Ticker": "FBTC", "Name": "Fidelity Wise Origin Bitcoin Fund", "Net Flows ($, mm)": "245.17", "AUM ($, mm)": "6,234.73", "AUM % Change": "3.93%"}, {"Ticker": "TNA", "Name": "Direxion Daily Small Cap Bull 3x Shares", "Net Flows ($, mm)": "245.07", "AUM ($, mm)": "2,415.92", "AUM % Change": "10.14%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "HYG", "Name": "iShares iBoxx USD High Yield Corporate Bond ETF", "Net Flows ($, mm)": "-562.72", "AUM ($, mm)": "15,748.51", "AUM % Change": "-3.57%"}, {"Ticker": "SOXX", "Name": "iShares Semiconductor ETF", "Net Flows ($, mm)": "-222.22", "AUM ($, mm)": "11,650.44", "AUM % Change": "-1.91%"}, {"Ticker": "GBTC", "Name": "Grayscale Bitcoin Trust ETF", "Net Flows ($, mm)": "-216.40", "AUM ($, mm)": "26,431.07", "AUM % Change": "-0.82%"}, {"Ticker": "XLB", "Name": "Materials Select Sector SPDR Fund", "Net Flows ($, mm)": "-208.55", "AUM ($, mm)": "4,859.42", "AUM % Change": "-4.29%"}, {"Ticker": "GLD", "Name": "SPDR Gold Trust", "Net Flows ($, mm)": "-169.40", "AUM ($, mm)": "53,756.49", "AUM % Change": "-0.32%"}, {"Ticker": "DIA", "Name": "SPDR Dow Jones Industrial Average ETF Trust", "Net Flows ($, mm)": "-155.87", "AUM ($, mm)": "33,197.02", "AUM % Change": "-0.47%"}, {"Ticker": "VCIT", "Name": "Vanguard Intermediate-Term Corporate Bond ETF", "Net Flows ($, mm)": "-151.34", "AUM ($, mm)": "45,768.45", "AUM % Change": "-0.33%"}, {"Ticker": "XLI", "Name": "Industrial Select Sector SPDR Fund", "Net Flows ($, mm)": "-114.56", "AUM ($, mm)": "16,662.60", "AUM % Change": "-0.69%"}, {"Ticker": "SHY", "Name": "iShares 1-3 Year Treasury Bond ETF", "Net Flows ($, mm)": "-114.34", "AUM ($, mm)": "25,702.81", "AUM % Change": "-0.44%"}, {"Ticker": "USMV", "Name": "iShares MSCI USA Min Vol Factor ETF", "Net Flows ($, mm)": "-114.05", "AUM ($, mm)": "25,083.65", "AUM % Change": "-0.45%"}]\nETF Daily Flows By Asset Class\n[{"": "Alternatives", "Net Flows ($, mm)": "22.24", "AUM ($, mm)": "6,971.88", "% of AUM": "0.32%"}, {"": "Asset Allocation", "Net Flows ($, mm)": "46.50", "AUM ($, mm)": "17,326.30", "% of AUM": "0.27%"}, {"": "Commodities", "Net Flows ($, mm)": "-298.00", "AUM ($, mm)": "122,898.36", "% of AUM": "-0.24%"}, {"": "Currency", "Net Flows ($, mm)": "680.31", "AUM ($, mm)": "50,272.98", "% of AUM": "1.35%"}, {"": "International Equity", "Net Flows ($, mm)": "340.62", "AUM ($, mm)": "1,406,756.56", "% of AUM": "0.02%"}, {"": "International Fixed Income", "Net Flows ($, mm)": "79.40", "AUM ($, mm)": "173,512.01", "% of AUM": "0.05%"}, {"": "Inverse", "Net Flows ($, mm)": "-136.19", "AUM ($, mm)": "13,979.11", "% of AUM": "-0.97%"}, {"": "Leveraged", "Net Flows ($, mm)": "584.46", "AUM ($, mm)": "88,805.06", "% of AUM": "0.66%"}, {"": "U.S. Equity", "Net Flows ($, mm)": "7,014.99", "AUM ($, mm)": "5,267,330.84", "% of AUM": "0.13%"}, {"": "U.S. Fixed Income", "Net Flows ($, mm)": "870.61", "AUM ($, mm)": "1,364,702.68", "% of AUM": "0.06%"}, {"": "Total:", "Net Flows ($, mm)": "9,204.93", "AUM ($, mm)": "8,512,555.78", "% of AUM": "0.11%"}]\nDisclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.\nPermalink| © Copyright 2024etf.com.All rights reserved', 'Worldcoin is an ambitious project led by Sam Altman and OpenAI. The futuristic project is using eye-scanning technology to verify identities, and uses blockchain technology to store and process data. With backing from Microsoft, many are hoping to see a large-scale roll out of the project. However, recent news about a lawsuit between OpenAI and Elon Musk may dampen those hopes.\nMusk is a serial entrepreneur, currently serving as the CEO of Tesla among other duties. However, he was a co-founder of OpenAI back in 2015 with current OpenAI CEO Sam Altman. Musk has since gone to start his own AI company, called xAI, and has shown some opposition to OpenAI since.\nDon\'t Miss:\n• Large boom in cryptocurrency and metaverse interest as BTC skyrockets —has Apple Vision Pro increased the demand for virtual real estate?\n• About 22% of the adult population in the U.S. own a share of Bitcoin,how much would $10 get you today?\nThe lawsuit is in regards to alleged contractual agreements between Musk and Altman made in 2015 surrounding the future of the company. In particular, Musk believes that OpenAI has abandoned its goal to "benefit humanity", and is instead heavily focused on profits.\nMusk claims that OpenAI went to great lengths to keep GPT-4, OpenAI\'s strongest generative AI yet, a "complete secret". Additionally, OpenAI charges for use of GPT-4, having users purchase a $20/month subscription in order to access it.\nThe exact monetary amount in the lawsuit is still unknown, but it is likely a sizable amount, given OpenAI\'s extreme growth as well as the size of its main backer, Microsoft.\nAll of this news has negatively impacted Worldcoin, which has essentially served as a crypto-proxy for investing in OpenAI and Sam Altman.\nOvernight, the price of Worldcoin (WLD) fell nearly 15%, going from $8.38 to a low of $7.20. While the price did recover a bit and is currently trading around the $8 level, the news certainly caused some to sell.\nWhile the lawsuit is certainly a roadblock for OpenAI, the company, along with Worldcoin, have performed extremely well over the past month. In February, OpenAI showcased itsgenerative video AI, called Sora. The technology was highly anticipated and was shown much sooner than most experts expected. In fact, the news caused WLD to spike more than 200% in a matter of days.\nSo, the current downturn from the lawsuit is very small compared to the massive run up that WLD has had in the past weeks, potentially showing how bullish investors are on the promising technology. However, the lawsuit was just filed, so details are sparse. As more information comes out, WLD will likely adjust accordingly.\nRead Next:\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\n• Bitcoin has jumped another 25% already this year –how much would you need to get started today?\n"ACTIVE INVESTORS\' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n• APPLE (AAPL): Free Stock Analysis Report\n• TESLA (TSLA): Free Stock Analysis Report\nThis articleWorldcoin Falls as Elon Musk Sues Sam Altman, OpenAIoriginally appeared onBenzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', '• US stocks rose on Friday, powered by a rally in tech stocks that took the Nasdaq to an intraday record.\n• Investors also parsed new Fedspeak from several central bank speakers throughout the day\n• "I don\'t want to have to raise rates again," Atlant Fed President Raphael Bostic said.\nUS stocks rose on Friday, powered by a rally in tech stocks that took the Nasdaq up to a record high and helped the S&P 500 close above 5,100 for the first time ever.\nThe tech-focused Nasdaq Composite rose 1.14% on Friday, continuing its ascent after closing last month at its first record high since 2021. The rally has been powered by the ongoing AI euphoria that has pushed stocks like Nvidia up 70% so far this year. On Friday, shares of Dell Technologiesrocketed 31% higherto an all-time high as investors cheered its latest earnings, which included a positive AI-related business update.\nInvestors also sifted through a slew of comments from Fed officials on Friday to gauge where interest rates could be headed this year.\nAtlanta Fed president Raphael Bostic said he would like to wait for inflation to sink low enough that the Fed can avoid reversing course and switching back to rate hikes after rate cuts.\n"I don\'t want to have to raise rates again," he said. "It will probably be longer before inflation gets back to our 2% target. I am willing to wait."\nAlso on the inflation front, Fed Governor Adriana Kugler said that she was "cautiously optimistic" about continued disinflation taking place alongside a resilient labor market.\nMeanwhile, yields on the two-year note slipped 10.8 basis points to 4.53% after Fed governor Christopher Waller said he would like the Fed to boost its share of short-term bonds.\nHere\'s where US indexes stood at the closing bell at 4:00 p.m. on Friday:\n• S&P 500:5,137.09, up 0.8%\n• Dow Jones Industrial Average:39,087.38, up 0.23% (+90.99 points)\n• Nasdaq Composite:16,274.94, up 1.14%\nHere\'s what else is going on:\n• The"debt debasement" trade is ramping upas the US adds $1 trillion to the national debt every 100 days, Bank of America says.\n• China is the 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: 2024-03-02 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,216,935,034,875 - Hash Rate: 500960510.1218159 - Transaction Count: 339311.0 - Unique Addresses: 623680.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.80 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Hut 8 Corp. MIAMI, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT), (" Hut 8 ” or the “ Company ”) one of North America’s largest, most innovative digital asset mining pioneers and high performance computing infrastructure providers announces that it has received an approval and vesting order (the " Approval and Vesting Order ") from the Ontario Superior Court of Justice (Commercial List) in the context of the ongoing proceedings pursuant to the Companies' Creditors Arrangement Act of Validus Power Corp. (" VPC ") and certain of its subsidiaries (collectively, the " Validus Entities "). Among other things, the Approval and Vesting Order approves the Company's previously announced stalking horse bid transaction (the " Transaction ") to acquire four natural gas power plants including the North Bay Bitcoin mine, which was submitted in partnership with Macquarie Equipment Finance Ltd. (“ Macquarie ”), a subsidiary of Macquarie Group Limited, a global financial services group. In connection with the approval of the Transaction, a new Ontario subsidiary of Hut 8 (" BidCo ") will become the owner of certain assets of VPC and the assets and operations and equity interests of certain Validus Entities. Specifically, upon completion of the Transaction, BidCo will acquire, free and clear of any encumbrances (excluding certain permitted encumbrances), four natural gas power plants located in Ontario: 40 MW facility in Kapuskasing 110 MW facility in Kingston 120 MW facility in Iroquois Falls 40 MW facility and Bitcoin mine in North Bay Completion of the Transaction would also include a new secured funding arrangement between Macquarie and BidCo in the form of an operating lease facility, and Macquarie receiving a minority equity interest in BidCo of approximately 20% while a subsidiary of Hut 8 will be the majority owner of the remaining approximately 80%. Completion of the Transaction remains subject to the satisfaction of other standard conditions to closing. The completion of the Transaction, which is anticipated to occur by February 15, 2024, is also expected to result in the full and final resolution of all litigation claims and counterclaims currently pending between Hut 8 and certain Validus Entities. Story continues About Hut 8 Through innovation, imagination, and passion, Hut 8 Corp.’s seasoned executive team is bullish on creating value at the intersection of infrastructure and energy through Bitcoin mining and hosting, groundbreaking managed services, energy arbitrage, operating traditional data centers, and capitalizing on emerging technologies like AI and machine learning. Headquartered in Miami, Florida, Hut 8 Corp.’s infrastructure portfolio includes eleven sites: five high performance computing data centers across British Columbia and Ontario that offer cloud, co-location, AI, machine learning, and VFX rendering computing solutions, and six Bitcoin mining, hosting, and managed services sites located in Alberta, New York, Nebraska, and Texas. Long-distinguished for its unique treasury strategy, Hut 8 Corp. has one of the highest inventories of self-mined Bitcoin of any publicly-traded company globally. For more information, visit www.hut8.com and follow us on X (formerly known as Twitter) at @Hut8Mining. Cautionary Note Regarding Forward–Looking Information This press release includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward-looking information"). All information, other than statements of historical facts, included in this press release that address activities, events or developments that Hut 8 expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the business, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely" or similar expressions. Specifically, such forward-looking information included in this press release includes, but is not limited to, statements relating to the timing and completion (if at all) of the Transaction. Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks, malicious actors or botnet obtaining control of processing power on the Bitcoin network, further development and acceptance of the Bitcoin network, changes to Bitcoin mining difficulty, loss or destruction of private keys, increases in fees for recording transactions in the Blockchain, erroneous transactions, reliance on a limited number of key employees, reliance on third party mining pool service providers, regulatory changes, classification and tax changes, momentum pricing risk, fraud and failure related to digital asset exchanges, difficulty in obtaining banking services and financing, difficulty in obtaining insurance, permits and licenses, internet and power disruptions, geopolitical events, uncertainty in the development of cryptographic and algorithmic protocols, uncertainty about the acceptance or widespread use of digital assets, failure to anticipate technology innovations, the COVID19 pandemic, climate change, currency risk, lending risk and recovery of potential losses, litigation risk, business integration risk, changes in market demand, changes in network and infrastructure, system interruption, changes in leasing arrangements, failure to achieve intended benefits of power purchase agreements, potential for interrupted delivery, or suspension of the delivery, of energy to the Company's mining sites, and other risks related to the digital asset and data center business. For a complete list of the factors that could affect the Company, please see the "Risk Factors" section of the Company's Registration Statement on Form S-4 dated November 7, 2023, available under the Company's EDGAR profile at www.sec.gov, in addition to the "Risk Factors" section of the Company's Annual Information Form dated March 9, 2023, and Hut 8's other continuous disclosure documents which are available under the Company's SEDAR+ profile at www.sedarplus.ca and under the Company's EDGAR profile at www.sec.gov . Hut 8 Corp. Investor Relations Sue Ennis [email protected] Hut 8 Corp. Media Relations Erin Dermer [email protected]... - Reddit Posts (Sample): [['u/pressonacott', 'Correlation with bitcoin', 34, '2024-03-02 00:01', 'https://www.reddit.com/r/amcstock/comments/1b48frk/correlation_with_bitcoin/', "I'm curious if/when bitcoin drops, meme stocks rally again like January and AMC runup like may 20th-june 2nd 2021. \n\nIf this happens, then you will see that there is a need for liquidity to sell off and run meme stocks up like what happened in the past. This is possibly due to ftd, shorts balancing the books, and let buying pressure sizzle out since they have been holding back in dark pools. ", 'https://www.reddit.com/r/amcstock/comments/1b48frk/correlation_with_bitcoin/', '1b48frk', [['u/Wanksters_Paradise', 10, '2024-03-02 00:27', 'https://www.reddit.com/r/amcstock/comments/1b48frk/correlation_with_bitcoin/ksxdoe5/', 'I feel you. What I’m about to say is pure speculation only. I also hold some BTC and have for a while. \n\nThat said, I’ve suspected that crypto will be hit hard when liquidations begin / there’s a major financial event that forces the closure of short positions . \n\nMy fear is that the crypto sell-off proceeds will be used to cover a lot of the short positions out there, even more so if some institutions own it on leverage. Same can be said about some of the magnificent 7.\n\nThis could be further exasperated if the same institutions short them from the top (BTC through ETF?) and use that money towards settling open transactions too.\n\nIf they effectively own a combined 10,000,000 BTC with leverage, that’s $600B right there. \n\nWouldn’t be surprised if the media covers it by talking about a crackdown on “unregulated crypto”, FTX, painting it in a bad light etc. \n\nNote that I’m not talking bad about crypto. I see the utility and believe in it long term, owning several myself. I have no idea what will happen, the above is pure speculation.', '1b48frk'], ['u/YogurtclosetAny8510', 13, '2024-03-02 05:47', 'https://www.reddit.com/r/amcstock/comments/1b48frk/correlation_with_bitcoin/ksymbpv/', 'Agreed. \n\nThis btc run up after reading the DD is the fomo institutions are creating to get a hold of liquidity for their shenanigans against AMC and GME among other naked shorted stocks. \n\nMOASS is inbound!\n\nWe are currently living in The Big Short 2.0!!\n\nBank insolvency in near.', '1b48frk']]], ['u/possys2', "Why isn't bitcoin price having more media coverage?", 14, '2024-03-02 00:24', 'https://www.reddit.com/r/Bitcoin/comments/1b4901q/why_isnt_bitcoin_price_having_more_media_coverage/', "So I'm down the pub having a few beers with a mate, who I haven't seen for 6 months. \nI show him the price of bitcoin, he says fucking hell, I didn't know it was that high, I've not seen/heard anything about it.\n\nIs main stream media hiding this to the public? Or does it need to break the ATH before its news again? \n", 'https://www.reddit.com/r/Bitcoin/comments/1b4901q/why_isnt_bitcoin_price_having_more_media_coverage/', '1b4901q', [['u/Time-Indication-1337', 25, '2024-03-02 00:31', 'https://www.reddit.com/r/Bitcoin/comments/1b4901q/why_isnt_bitcoin_price_having_more_media_coverage/ksxechr/', 'I’d say another ATH will give them something to harp on about. But the price being as it is without much media coverage just makes me more bullish.', '1b4901q'], ['u/theprincessofwhales', 11, '2024-03-02 00:47', 'https://www.reddit.com/r/Bitcoin/comments/1b4901q/why_isnt_bitcoin_price_having_more_media_coverage/ksxguh4/', 'I think mainstream media doesn\'t necessarily hide bitcoin news, but they certainly enjoy debating and mocking it. Pretty much anytime mainstream media talks btc or crypto it\'s presented in this light of "I don\'t get it hehehe! So confusing! But look at it go!". This week on CNBC they asked during the btc news bit, if the halving was something out of the Bible. \n\nIt\'s pathetic but on purpose how MSM chooses to frame their conversations surrounding bitcoin.', '1b4901q'], ['u/Sunnyjim333', 17, '2024-03-02 00:57', 'https://www.reddit.com/r/Bitcoin/comments/1b4901q/why_isnt_bitcoin_price_having_more_media_coverage/ksxia5h/', 'If the average populace learned what a fiat based economy really is, there would be riots.', '1b4901q'], ['u/DanNotTheMann', 19, '2024-03-02 02:02', 'https://www.reddit.com/r/Bitcoin/comments/1b4901q/why_isnt_bitcoin_price_having_more_media_coverage/ksxs235/', "I'd prefer no media coverage so we have more time to accumulate before mass FOMO breaks out and causes the price to go parabolic", '1b4901q']]], ['u/gen66', "In case you still haven't realized, the ALT season officially started today, and now everyone can feel like a genius investor.", 798, '2024-03-02 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/', "As BTC all time high is imminent at this point, even before the halving, the alt season calmly started 12 hours ago. 15-20 stagnant alts that I have been watching for an eternity gained 15-20% like it's nothing. Even the worst most scummy projects I know jumped like crazy(except XRP ofc, this thing is dead). The season of the green dildos is open, everyone is a genius, it's very difficult to make a mistake. You can realize your mistake only once the market settles and the alts starts going back down along with a few rug pulls. \nIf you catch yourself thinking, oh man, if I put a few hundred bucks here last week, I would have doubled now! Oh!! If I put my salary in these 3 AI shitcoins 15 days ago, I would have tripled!!! Yep, that's it, alts are jumping on the back of papa BTC. Enjoy. \n\n\n​", 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/', '1b49ade', [['u/Gunnxo', 356, '2024-03-02 00:40', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxfokn/', 'This is nothing yet sir', '1b49ade'], ['u/gen66', 88, '2024-03-02 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxgdc5/', 'Indeed, it just started.', '1b49ade'], ['u/Tonijran', 94, '2024-03-02 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxis6p/', 'ETH ETFs will kick off the true Alt rally. \n(In my personal opinion, but I don’t know shit about duck)', '1b49ade'], ['u/flo-089', 18, '2024-03-02 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxj8ay/', 'which one to buy?', '1b49ade'], ['u/Parush9', 132, '2024-03-02 01:06', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxjm5x/', 'Just random meme’s and shit coins are popping up here and there . We are still way far from Alt season picking up .', '1b49ade'], ['u/Legitimate_Suit_3431', 67, '2024-03-02 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxkqet/', 'The winning ones', '1b49ade'], ['u/swordluk', 39, '2024-03-02 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxktfa/', "it's like boiling the water.. first you see some small bubbles rising.. then out of sudden.. 😁", '1b49ade'], ['u/CoffeeVikings', 77, '2024-03-02 01:18', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxlhbh/', 'Just saw ADA is up 15% to .75 cents now. Exciting times ahead', '1b49ade'], ['u/Logvin', 171, '2024-03-02 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxmzz0/', '“Officially”\n\nShit did I miss the CEO of Altcoin’s announcement!?', '1b49ade'], ['u/duckyTheFirst', 97, '2024-03-02 01:36', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxo7m2/', 'I still think were gonna crash really hard before we see a raise in 4-5 months after the halving... omg is this what being a bear is like? Am i a bear!?', '1b49ade'], ['u/Comfortable-Bread249', 420, '2024-03-02 01:43', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxpbax/', 'Tell that to my stagnant MATIC bag', '1b49ade'], ['u/BenniBoom707', 212, '2024-03-02 01:53', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxqs5l/', 'When I’m seeing Doge and Shib start pumping I know the hysteria is starting to kick in….\n\nBONK up 124% in a week!! The Solana Shitcoin is going bonkers', '1b49ade'], ['u/yamaha4fun', 248, '2024-03-02 01:54', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxqxee/', 'cries in LRC', '1b49ade'], ['u/MrAccountant213', 22, '2024-03-02 01:56', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxr93d/', 'His press conference was great', '1b49ade'], ['u/Cirewess', 64, '2024-03-02 02:02', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxs2iq/', 'I don\'t even hold XRP and it gets me every time the absolute XRP hate and critiques. literally the only blockchain to spend 100\'s of millions of dollars to defend crypto from an over stepping agency (and defend themselves of course) and no one bats an eye... no ATH in 5 years because a lawsuit was dropped literally December of 2020, whats that like 3 months before everything sky rocketed and it still when to almost $2 with a lawsuit and hasn\'t left the top 10 in how long? oh right it\'s certainly "dead" as one of the biggest market caps in all of crypto...', '1b49ade'], ['u/alander4', 17, '2024-03-02 02:03', 'https://www.reddit.com/r/CryptoCurrency/comments/1b49ade/in_case_you_still_havent_realized_the_alt_season/ksxs9nd/', 'Well if it’s a true alt season it won’t matter w... 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 rejoiced when Federal Reserve Chairman Jerome Powell told the world in November that lower interest rates were coming.\nThe Fed's campaign to beat inflation had pushed interest rates higher weighed on the costs of U.S. debt (and debts of nations worldwide) and severely dampened housing markets.\nThere was euphoric talk the central bank could cut rates three or four times in 2024. Some thought six times.\nBut those giddy days are no more. A March cut won't happen. A rate cut in May isn't in the offing, either.\nWhy not cut now? Because Fed officials insist they want REAL DATA showing that inflation is at or near 2% and will stay there. (Sustainable is the word they use.)\nAnd now an event looms this week that could give the Fed more time to wait.\nThe U.S. Labor Department will report on the jobs market and unemployment on Friday.\nRelated: Fed Inflation gauge ticks higher in January, but headline pressures ease; Stocks jump\nA hot report (defined as, say, 350,000 jobs added — the number estimated for January) and little change in the unemployment rate from January's 3.7% will confirm the Fed won't do any rate cutting at its March 19-20 meeting.\nAnd\xa0probably not at its April 30-May 1 meeting, either.\nAfter that, who knows? June? Maybe. July possibly.\nOne economist, Apollo's Torsten Slok, thinks the Fed may not need to cut rates AT ALL in 2024.\nPowell himself will testify before House Financial Services Committee on Wednesday and the Senate Committee on\xa0\xa0Banking, Housing, and Urban Affairs\xa0Thursday.\nThe formal text of his remarks may not change from one committee to the next.\nHe may offer more perspective on the Fed's thinking on interest rates in the question period. He will probably emphasize the Fed's interest in inflation falling toward its 2% goal on a sustained basis.\nBut he often slips in something during the Q&A that surprises traders and roils markets.\nSo far, investors haven't cared. The merry stock market rally that erupted at the end of October is still strong. Stocks ended February higher for a fourth straight month.\nThe\xa0Standard & Poor's 500 index, the Nasdaq Composite Index, and the Nasdaq-100 index all hit record closes on Friday. The Dow Jones industrials ended just 1% below its Feb. 23 record close.\nThe S&P 500, which finished at 5,137.08 on Friday (its first close above 5,100), has risen 16 weeks in the last 18 weeks. The performance is the best in 50 years, FactSet says.\nMore Economy:\n• Fed members just hat-tipped what's next for interest rates\n• Retail sales tumble clouds impact of inflation data\n• Jobs report shocker: 353,000 hires crush forecasts, stokes inflation fears\nEight of the S&P 500's 11 sectors are higher this year, with communications services and technology the best\xa0performers.\nAnalysts keep raising their year-end targets for the index: Bank of America analysts seem to have the highest projection at 5,600. That implies a 17% gain this year, following a 24% gain in 2023.\nThe Nasdaq-100 Index, up 7.8% this year, has climbed nearly 30% from its October closing low.\nNvidia(NVDA)was up 29% for February. Super Micro Computer(SMCI)jumped nearly 64% for the month and another 4.5% on Friday.\nRelated: S&P adds two hot stocks to its flagship S&P 500 index\nBitcoin jumped nearly 46% in February after a lackluster January and ended Friday at $63,053, just 8.6% below its intraday peak of $68,991 in November 2021.\nOne reason for the sharp gain isyou can now invest in bitcoin via exchange-traded funds(ETFs) offered by a host of money managers.\nSome bitcoin players see the cryptocurrency hitting $100,000 soon.\nThe 2-year Treasury yield is off 1.6% on the year at 4.19%.\nStill, the 10-year Treasury yield is up 8% this year. A 30-year mortgage will cost you about 7.1%, up from a low of 6.6% in December.\nNo wonder the National Association of Realtors reported that pending home sales slumped 5% in January.\nShutterstock\nAnd there are still reports of layoffs in technology companies and persistent chatter from prominent people like Jamie Dimon of JP Morgan Chase(JPM), that a recession is coming.\nOil and gasoline prices are rising (maybe because of normal season trends).\nGiven how this market is performing, a recession and a market pullback need a strong and specific trigger.\nThe political environment may offer one. So,\xa0 too, could a widening of the Russia-Ukraine War, the Hamas-Israeli war, or a Chinese attack on Taiwan.\nA true wildcard: something bizarre out of North Korea.\nAll the optimism about stocks notwithstanding, the jobs report is, in fact, the dominant report of the week. Until then, market reaction to others due before Friday\xa0will probably be muted. The reports include:\n• Factory orders and the ISM Non-manufacturing on Monday.\n• Factory orders on Tuesday.\n• The weekly Freddie Mac mortgage survey is on Wednesday.\n• Jobless claims on Thursday.\nThere are some important earnings reports due in the week ahead, including\n• Tuesday: Crowdstrike(CRWD), Target TGT, Ross Stores(ROST,)and Nordstrom(JWN).\n• Wednesday: Beverage maker Brown Forman(BF.A)and(BF.B), Campbell Soup(CPB), and Abercrombie & Fitch(ANF), whose shares have been hitting new highs regularly for the last year.\n• Thursday: Chipmaker Broadcom(AVGO), Costco Wholesale(COST), grocery giant Kroger(KR,)and electronic signature company DocuSign(DOCU).\nCostco, Target, and Kroger (if only because it's trying to merge with Albertson's) offer the most potential for drama.\nRelated: Veteran fund manager picks favorite stocks for 2024", 'According to a growing number of analysts, the next crypto bull market rally has officially started. Enthusiasm over the arrival of new crypto investment products is building, top cryptos are surging, and the long, cold "crypto winter" now seems to be a distant memory.\nIt\'s time to start looking for coins and tokens likely to skyrocket higher as part of a broad-based crypto market rally. Three that are on my short list areBitcoin(CRYPTO: BTC),Ethereum(CRYPTO: ETH), andChainlink(CRYPTO: LINK).\nIf there is a no-brainer crypto investment in 2024, it\'s Bitcoin. After an awkward start to the year, when it briefly fell below $40,000, Bitcoin is now on a tear. It\'s up 35% for the year, and is holding strong above the $50,000 mark.\nMost of those gains, of course, have come on the basis of the Securities and Exchange Commission\'s (SEC) approval of the newspot Bitcoin exchange-traded funds (ETFs)in early January. In a single move, the SEC gave the green light to Bitcoin as an asset that anyone could hold as part of a well-diversified portfolio. Investor fund inflows into the new Bitcoin ETFs have been off the charts. All of this new buying of Bitcoin, of course, should continue to send the price of Bitcoin higher.\nAnd that\'s really just the start, because Bitcoin has another catalyst in place that might be much more powerful: the upcoming halving, scheduled for April. There have been three previous Bitcoin halving events, and each one has sent the price of Bitcoin to a new all-time-high.\nPast performance is no guarantee of future performance, of course, but investors are understandably excited about just how much higher Bitcoin could go after April. Suddenly, Bitcoin\'s all-time high of $69,000 looks well within reach, andmany investors believe Bitcoin could end the year at $100,000 or higher.\nAmid all the buzz surrounding the new spot Bitcoin ETFs, Ethereum is also soaring higher. This is primarily due to the growing narrative that Ethereum will be the next crypto in line to get its own spot ETF. A handful of Wall Street firms have already submitted applications, and SEC approval could come as early as May.\nThe only question, of course, is whether Ethereum will be another case of "buy the rumor, sell the news," as Bitcoin was in January. Simply stated, the huge rally Ethereum has seen thus far in 2024 might fizzle out in May, as soon as the new ETFs become available to investors.\nThat being said, there\'s still enormous upside potential with Ethereum, which is currently undergoing yet another upgrade to remain a best-in-class blockchain.\nGiven that Bitcoin and Ethereum together account for nearly 70% of the total value of the $2 trillion crypto market, it\'s worth looking for ways to diversify your portfolio beyond just the two biggest names. Of all the cryptos that rank in the top 20 by market cap, my personal pick is Chainlink.\nThat\'s because Chainlink, as a data oracle network, is completely different from both Bitcoin and Ethereum. Chainlink provides real-world data to smart contracts, which are one of the key building blocks of decentralized finance. Since Chainlink is the biggest and best-known data oracle network, it is also the most valuable. The crypto currently has a massive $11 billion market cap, which ranks No. 12 among all cryptocurrencies.\nWhat makes Chainlink particularly interesting is that it is also a long-term play on an emerging trend known as real-world asset tokenization. This refers to the process of transforming traditional financial assets (such as stocks and bonds) into digital assets that live on the blockchain.\nThese financial assets require data for proper pricing, and that\'s where Chainlink comes into the picture. Right now, Chainlink is one of the leaders when it comes to real-world asset tokenization, which has the potential to become a multitrillion-dollar trend by the year 2030.\nWhile the long-term prospects for Bitcoin, Ethereum, and Chainlink look good, just remember to do your due diligence before investing. Crypto is notoriously volatile, and regulatory risk is always a very real risk factor. As a rule of thumb, it\'s best to invest in large-cap cryptos that have a diversified base of both retail and institutional investors.\nIf forced to rank these three cryptos, Bitcoin would easily be my No. 1 choice. But, as they say, it\'s best not to put all your eggs in the same basket. Portfolio div **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: 2024-03-03 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,225,370,107,250 - Hash Rate: 611408496.6053661 - Transaction Count: 385447.0 - Unique Addresses: 633897.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.83 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Ethereum(CRYPTO: ETH)was born from the perceived limitations to adding functionality toBitcoin. Launched in July 2015, Ethereum has skyrocketed nearly 93,000% in value since its public release, even though it remains more than 40% off its peak price. Is theworld's second-most-valuable cryptocurrency, with a current market cap of about $350 billion, fulfilling its potential as an incredible disruptor? I'm not so sure. Here are three reasons I'm bearish on Ethereum. Let's first try to understand why there's so much hype surrounding Ethereum and its long-term potential. Thanks to the blockchain network having functionality forsmart contracts, many bulls believe that Ethereum can disrupt numerous industries, particularly those that depend on expensive intermediaries, by giving power and value back to the users. In other words, smart contracts can automate a lot of functions that are slow and cumbersome, and that might not add much value. The end result, as many hope, is a better and cheaper user experience. Viewed in this light, it might be encouraging to see Ethereum's complex roadmap. With scalability, security, and sustainably as the top priorities, the network's developer community has laid out different sets of upgrades to accomplish certain milestones. The latest event,known as The Merge, changed Ethereum to aproof-of-stakeconsensus mechanism, significantly reducing its energy usage. Viewed as the world's decentralized computer, Ethereum's ultimate goal is to change the entire structure of the economy, mainly as it relates to how individuals can have greater control in an internet-enabled world. It's easy to get caught up in Ethereum's promise. There are more than 250 million uniquewallet addresses. It has the most total value locked by far of any other crypto, which measures the amount of assets locked in a specificDeFi protocol. And sure, there are thousands of decentralized applications. But I view things with a critical perspective. I think Ethereum is still primarily used as a tool for financial speculation, not actual utility. Even if spot Ethereum exchange-traded funds get approved, it proves that investors only want price exposure, instead of using Ethereum tokens in some dApp setting. And are dApps really better than services provided by well-known businesses? Marketplace and platform-like businesses, such asMeta Platforms,PayPal,Uber, andAirbnb, have billions of users combined who find value in what they have to offer. They work just fine as is. Another reason I'm bearish is that I view Ethereum as another venture start-up, which defeats the entire purpose of crypto aiming to be decentralized and give power to the people. There are still a few head developers, most notably Vitalik Buterin, who have outsized influence on the direction of the network. And these founders stand to gain the most financially should things work out as planned. TheSecurities and Exchange Commissionsaid that Bitcoin is the only crypto that's a commodity, and that others are essentially securities. This supports the argument that Ethereum is just another profit-seeking enterprise. And the last bear case rests on the belief that Ethereum is a solution looking for a problem. In fact, this is probably true for nearly all cryptocurrencies right now. All of the focus and discussion centered on the complex technicalities of the underlying network sound exciting. However, one really has to question if more and more people will engage further with Ethereum and use its dApps in the future. I'm not confident in this outcome. It might make some bullish Ethereum supporters uncomfortable to challenge their beliefs about the cryptocurrency. But I think healthy criticality is necessary to set realistic expectations about its future. Should you invest $1,000 in Ethereum right now? Before you buy stock in Ethereum, consider this: TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Ethereum wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of February 20, 2024 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors.Neil Pateland his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Airbnb, Bitcoin, Ethereum, Meta Platforms, PayPal, and Uber Technologies. The Motley Fool recommends the following options: short March 2024 $67.50 calls on PayPal. The Motley Fool has adisclosure policy. Is Ethereum Fulfilling Its Potential as an Incredible Disruptor? 3 Reasons I'm Bearishwas originally published by The Motley Fool... - Reddit Posts (Sample): [['u/montymoon1', 'So what happens if Bitcoin ETF gets hacked/loses seed?', 213, '2024-03-03 00:10', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/', "Looking to invest in Bitcoin ETF but have something on my mind:\n\nSay for example Fidelity, who owns their own Bitcoin, loses their seed, gets hacked, whatever. What would happen? Would everyone who owns the ETF be screwed? I understand their security and ability to keep a seed phrase safe is much greater than my own, but I'm wary of putting in my hard-earned retirement money into something that could be lost so easily. I'm pretty sure it wouldn't be insured because of how much money that would be gone.\n\nDoes anyone know what would happen in an event like this?", 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/', '1b51oo5', [['u/rundown03', 20, '2024-03-03 00:15', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2kddq/', 'If it was lost, price would rise. If it was hacked, expect a hige dip.', '1b51oo5'], ['u/Enschede2', 16, '2024-03-03 00:18', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2kttc/', "Well, I'm assuming (hoping) that the seed is in some sort of fort knox structure somewhere", '1b51oo5'], ['u/Smiling_Jack_', 87, '2024-03-03 00:19', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2l0uc/', 'Since these are registered ETFs, they have additional protection similar to how FDIC is a safety net for Bank deposits.\n\nI think SIPC has similar protection limits.', '1b51oo5'], ['u/Kno010', 17, '2024-03-03 00:19', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2l1sl/', 'It would not necessarily be bullish if it was lost. It would be a major hit to the reputation of bitcoin and a lot of people would be a lot more hesitant to hold it. If one of the ETFs went down like this then people would dump all the other ETFs.', '1b51oo5'], ['u/BlubberWall', 356, '2024-03-03 00:24', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2lr87/', 'ETF’s have a custodian to hold it, for example Coinbase holds blackrocks Ishare BTC ETF in multiple separate wallets. All ETFs will tell you where it stored if you look through their prospectus.\n\nThey are insured, and the wallets themselves are almost certainly multi sig with no one person having all the needed pieces', '1b51oo5'], ['u/-TrustyDwarf-', 39, '2024-03-03 00:28', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2mbxx/', "Once it gets large enough, they'll probably get bail out using tax payer money.", '1b51oo5'], ['u/BlubberWall', 21, '2024-03-03 00:28', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2mdvb/', 'That’s exactly what insurance is for, what else would they be protecting against?', '1b51oo5'], ['u/uncapchad', 26, '2024-03-03 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2ntfd/', "There are authorised custodians of the BTC and the ETF's holdings are never connected to the internet. Custodians are required to have additional safeguards and greater oversight from regulators. \r \n\r \nSome of the added standards for qualified custodians *include insurance minimum reserves that exceed assets*. They must segregate their various bitcoin holding accounts. And regulators must review the company's crypto wallet structure. This article goes into the detail of it all [https://www.investors.com/news/bitcoin-etfs-keep-almost-all-their-eggs-in-one-basket-is-that-a-bad-thing/](https://www.investors.com/news/bitcoin-etfs-keep-almost-all-their-eggs-in-one-basket-is-that-a-bad-thing/)", '1b51oo5'], ['u/JohnnyBaboon123', 27, '2024-03-03 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2oh2w/', '>Insurance won’t help if these wallets get hacked…\n\nthey only got that nothing goes wrong insurance?', '1b51oo5'], ['u/rundown03', 11, '2024-03-03 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2p6i4/', 'It would rather be a major hit in the reputation of the etf trust.', '1b51oo5'], ['u/Scarf_Darmanitan', 16, '2024-03-03 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2rrq6/', 'For the layman that’s gonna be the reputation of Bitcoin lol', '1b51oo5'], ['u/schadey187', 38, '2024-03-03 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2u56l/', 'There’s no such thing as a stupid question. Stranger things have happened, then a bank being hacked.', '1b51oo5'], ['u/schadey187', 40, '2024-03-03 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2ua8u/', 'The fucking SEC didn’t even have 2FA on their Twitter account. Lol.', '1b51oo5'], ['u/grumbledonaldduck', 19, '2024-03-03 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2ug49/', 'Its a valid concern to someone not familiar with crypto. You should be encouraging and educating, not shaming. Mainstream adoption benefits everyone, even pretentious gatekeepers.', '1b51oo5'], ['u/thethorbs', 10, '2024-03-03 01:30', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt2vsht/', "They have them written on a piece of paper, stashed under the ceo's bed. It's extremely safe there", '1b51oo5'], ['u/SuleyGul', 84, '2024-03-03 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt31h10/', 'Also I would imagine to spread the risk they hold the funds in many many wallets in case one seed ever gets hacked somehow. \nIt would be very stupid to hold like 10 bil of BTC in one wallet lol.', '1b51oo5'], ['u/9AvKSWy', 14, '2024-03-03 02:27', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt342qh/', '>They are insured\n\nAbsolute meme levels of absurdity.', '1b51oo5'], ['u/entropreneur', 12, '2024-03-03 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt39u9c/', "People that are able to find similar aspects in other industries with sufficient data. I'm sure they made a good chunk of $$$ running those numbers", '1b51oo5'], ['u/Jpotter145', 15, '2024-03-03 04:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt3hbjd/', ">What would actually happen? No one knows until it does unfortunately. The good thing about fidelity and blackrock is there essentially too big to fail, a bailout is always a possibility\n\nIt's detailed in each ETFs disclosure information-- here is blackrocks:\n\nhttps://www.ishares.com/us/literature/prospectus/p-ishares-bitcoin-trust-12-31.pdf\n\nIn the event the custodian (Coinbase) is hacked they would *only be covered up to 320Million* -- far far far less than required to covered the billions in the BTC wallets + this is the same insurance for *any* loss. So it's not separate insurance for the ETFs:\n\n>Coinbase Global maintains a commercial crime insurance policy of up to $320 million, which is intended to cover the loss of client assets held by Coinbase \nInsureds, including from employee collusion or fraud, physical loss including theft, damage of key material, security breach or hack, and fraudulent transfer. \nThe insurance maintained by Coinbase Global is shared among all of Coinbase’s customers, is not specific to the Trust or to customers holding bitcoin with \nthe Bitcoin Custodian or Prime Execution Agent and may not be available or sufficient to protect the Trust from all possible losses or sources of losses.\n\nSo in reality we know what would happen in the case the ETF wallets are hacked -- there would be a total loss. The ETF sponsors would be off the hook and only Coinbase could be held negligent (if at all). So only CB may fall - not the big banks and they are protected from having to pay back the customers they sell their very ETFs to.", '1b51oo5'], ['u/weaponsmiths', 11, '2024-03-03 04:27', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt3l3xr/', "The prospectus says they are not responsible if the keys are lost, even if it's intentional by the trustee. I didn't see anything about insurance on the holdings, it was all warnings about how you can lose everything. Got a link?", '1b51oo5'], ['u/National_Asparagus_2', 53, '2024-03-03 04:28', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt3lazx/', 'You never know. May be they re using just spreadsheet', '1b51oo5'], ['u/WorldsMostDad', 52, '2024-03-03 04:51', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt3odxs/', 'Ah yes, the "FTX method"\n\nClassic', '1b51oo5'], ['u/bittabet', 11, '2024-03-03 05:34', 'https://www.reddit.com/r/CryptoCurrency/comments/1b51oo5/so_what_happens_if_bitcoin_etf_gets_hackedloses/kt3trye/', 'Yeah I think the reason WHY people buy BlackRock and Fidelity’s ETFs over those from smaller players is that they have a LOT of money and brand reputation on the line. So if something really bad happens it’s unlikely that they’d just do nothing. A similar example with a much smaller player would be how Gemini worked pretty hard to fix their Gem... 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 Kevin Buckland\nTOKYO, March 4 (Reuters) - The U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts.\nBitcoin rose to a more than two-year peak amid big flows into cryptocurrency exchange-traded funds.\nThe euro was firm following Friday\'s 0.33% advance, with a European Central Bank policy decision looming on Thursday.\nThe yen stuck near the closely watched 150 per dollar level, as investors tried to assess whether the Bank of Japan\'s exit from its negative interest rate policy could happen as soon as this month.\nThe dollar index - which measures the currency against six major peers, including the euro and yen - eased 0.07% to 103.79 in early Asian trading, bringing it closer to the bottom of the 103.43-104.97 range of the past month.\nThe index lost 0.26% on Friday following some weak manufacturing and construction spending data.\nThat also weighed on Treasury yields, removing additional support for the dollar, with the benchmark 10-year yield sliding as low as 4.178% for the first time in two weeks. The yield stood around 4.19% on Monday.\n"Bias appears to be swinging towards a test of range support," in the lead up to key macro releases this week, as well as Fed Chair Jerome Powell\'s annual testimony to Congress, Westpac strategists wrote in a client note.\n"However, markets will need a major shift in data to suggest that range support will be anything other than another buying opportunity," that will keep the dollar index within its current range, the note said.\nThis week brings manufacturing and services ISM readings on Tuesday, with the main event on Friday in the form of monthly payrolls figures.\nMeanwhile, the dollar declined 0.09% to 149.99 yen, as traders assessed cautious comments from BOJ Governor Kazuo Ueda from late last week that it was too early to conclude that the central bank\'s inflation target is close to being met.\nThat contrasted with hawkish remarks from BOJ board member Hajime Takata earlier the same day, that had sent the yen to a more than two-week high of 149.21 per dollar.\nMarkets are weighing whether the BOJ will end its negative interest policy at its March 18-19 meeting, or wait until April or later.\nElsewhere, the euro was little changed at $1.08425, sitting near the top of its recent range.\nMost economists expect the ECB will first cut rates at its June meeting, but will be hoping for additional clues on the timing from central bank head Christine Lagarde\'s press conference.\nBitcoin was last trading about 1.5% higher from Sunday at $63,500, after earlier reaching $64,284.75, the firmest since November of 2021, the same month it marked its record high of $68,999.99.\n(Reporting by Kevin Buckland; Editing by Jacqueline Wong)', '(Bloomberg) -- Apple Inc. was removed from Goldman Sachs Group Inc.’s list of top buys after underperformance in its stock amid concerns over weak demand for its key products.\nMost Read from Bloomberg\n• These Are the Best Countries for Wealthy Expats\n• Slow US Inflation Retreat Is Set to Bolster Fed Patience on Rate Cuts\n• Is Now the Right Time to Invest in Bitcoin?\n• Billions Pour Into Nigeria as Tinubu’s Reforms Start to Pay Off\nThe iPhone maker had ranked in the 20-25 member “Directors’ Cut” version of Goldman’s conviction list since it was unveiled last June. Its share price is little changed in that span while the S&P 500 Index has jumped almost 22%. Apple dropped 0.6% Friday after its removal from the list.\nApple has lagged its Magnificent 7 peers even more dramatically, trailing all but Tesla Inc. Concerns of a prolonged iPhone sales slump have been the main culprit, particularly as China’s economic troubles continue.\nGoldman said its Directors’ Cut list is reviewed monthly, with stocks being removed if they are “no longer a top investment idea”. Analyst Michael Ng maintains a buy rating on Apple on the belief that “the market’s focus on slower product revenue growth masks the strength of the Apple ecosystem and associated revenue durability & visibility,” the broker’s report said.\nMost Read from Bloomberg Businessweek\n• How Apple Sank About $1 Billion a Year Into a Car It Never Built\n• The Battle to Unseat the Aeron, the World’s Most Coveted Office Chair\n• How Microsoft’s Bing Helps Maintain Beijing’s Great Firewall\n• Airbus Is Soaring at Boeing’s Expense\n• Barbenheimer Gives the Oscars Some Much Needed Juice\n©2024 Bloomberg L.P.', '(Bloomberg) -- Prada SpA should confirm the resilience of demand for luxury brands in Asia when it reports earnings, shrugging off lukewarm consumer sentiment in China.\nMost Read from Bloomberg\n• These Are the Best Countries for Wealthy Expats\n• Slow US Inflation Retreat Is Set to Bolster Fed Patience on Rate Cuts\n• Is Now the Right Time to Invest in Bitcoin?\n• Billions Pour Into Nigeria as Tinubu’s Reforms Start to Pay Off\nJapan has been among the world’s strongest luxury markets as a weaker yen attracted tourists looking for bargains and domestic demand remained solid. Strong earnings at LVMH Moët Hennessy Louis Vuitton SE, Richemont and Hermes International SCA were all underpinned by growth in Japan. Luxury sales across Asia also held up, defying the sector-wide cyclical downturn as Chinese shoppers hold back and growth slows in other key markets.\nWhile affluent Asians ramped up spending, the broader population tightened purse strings, particularly in China. Online retailer JD.com Inc. may post its slowest annual revenue growth since at least 2015, Bloomberg’s estimates showed. Advertising revenue growth at Chinese online video platform Bilibili Inc. should also decelerate this year due to macroeconomic headwinds, said Alex Poon, an analyst at Morgan Stanley.\nJD.com responded to Alibaba Group Holding Ltd.’s price cuts in cloud computing services with its own sharp reductions, an aggressive round of competition that will erode profits at China’s leading technology companies.\nHighlights to look out for:\nWednesday: JD.com’s (JD US) slowing growth comes as economic headwinds in China, its biggest market, dent consumer sentiment. The company has said it’s considering making a bid for UK electronics retailer Currys Plc. A deal could bring some synergies as JD.com is also a major player in consumer electronics retail, analysts including HSBC’s Charlene Liu said.\n• SJM Holdings’ (880 HK) fourth-quarter revenue is estimated to surge more than fourfold. The casino operator will likely see annual Ebitda turn positive for the first time in four years as its Grand Lisboa Palace property in Macau attracts more traffic. Its gross gaming revenue for the quarter should outpace Macau’s casino industry on a sequential basis with Grand Lisboa Palace continuing to ramp up operations, said Bloomberg Intelligence analyst Angela Hanlee.\nThursday: Prada’s (1913 HK) annual earnings jumped, consensus shows, driven by growth in the Asia-Pacific region, particularly Japan, while Americas revenue probably slid. The main Prada brand remained steady, while Miu Miu likely grew the fastest. Analysts at Morningstar expect the company’s growth over the next decade to be driven by its brand strength, while rising global incomes buoy the luxury industry. Prada was ranked top of the Lyst Index of luxury’s hottest brands for the fourth quarter and was in the top four for the year, according to BI.\n• MTR’s (66 HK) transport operations revenue probably rose last year as railway services stabilize, though analysts at Jefferies said higher costs for hiring and utilities slowed segment recovery. The gloomy economic outlook in Hong Kong and China may weaken demand for its home projects and see more price cuts. Persistent rise in operating costs may also weigh on margin recovery, BI noted.\n• PLDT’s (TEL PM) full-year earnings were probably supported by the resilient fiber business and a stabilizing mobile market, BI said. The company’s efforts to lower operating costs which include manpower cuts may keep Ebitda margin at about 50%, it added.\n• Bilibili’s (BILI US) fourth-quarter loss is expected to have halved as the company expands its user base and boosts revenue. BI analysts Robert Lea and Jasmine Lyu expect Bilibili to maintain its position as the go-to platform for advertisers looking to reach China’s Gen Z, while Morgan Stanley expects slower growth in the year ahead due to macroeconomic headwinds. The company is expected to turn profitable in the last quarter of 2024.\n(Updates throughout.)\nMost Read from Bloomberg Businessweek\n• How Apple Sank About $1 Billion a Year Into a Car It Never Built\n• The Battle to Unseat the Aeron, the World’s Most Coveted Office Chair\n• How Microsoft’s Bing Helps Maintain Beijing’s Great Firewall\n• Airbus Is Soaring at Boeing’s Expense\n• Barbenheimer Gives the Oscars Some Much Needed Juice\n©2024 Bloomberg L.P.', 'SINGAPORE, March 4 (Reuters) - Bitcoin scaled a two-year high on Monday, breaking $64,000 as a wave of money carried it within striking distance of record levels.\nIt touched $64,285 early in the Asian day, its highest since late 2021, and was last 2% firmer for the session at $63,850. Bitcoin\'s record high is $68,999.99 set in November 2021.\nThe largest cryptocurrency by market value has gained 50% this year and most of the rise come in the last few weeks where trading volume has surged for U.S.-listed bitcoin funds.\nSpot bitcoin exchange-traded funds were approved in the United States earlier this year. Their launch opened the way for new large investors and has re-ignited enthusiasm and momentum reminiscent of the run up to record levels in 2021.\n"The flows are not drying up as investors feel more confident the higher price appears to go," said Markus Thielen, head of research at crypto analytics house 10x Research in Singapore.\nSmaller rival ether has hitched a ride on speculation that it too may soon have exchange-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: 2024-03-04 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,277,514,620,800 - Hash Rate: 508849652.0134983 - Transaction Count: 361258.0 - Unique Addresses: 664743.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.82 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Grand Cayman --News Direct-- Sui 2000% increase in TVL and superior technology are causing builders to choose Sui, most recently, top lending protocol, Solend. Sui, a leading Layer 1 blockchain created by the team that led Meta’s Diem stablecoin project, has surged past $300M in Total Value Locked (TVL) continuing to climb the ranks of DefiLlama’s leaderboard. This sudden milestone underscores the ecosystem’s rapid ascent and further solidifies Sui’s position as a leader in the DeFi space, surpassing Bitcoin to make it the 13th-largest blockchain in terms of TVL. This achievement marks a more than 2000% increase in TVL since August. "$300 million in TVL is a significant milestone—one in a string of achievements the Sui ecosystem has reached only months since mainnet launch,” said Greg Siourounis, Managing Director of the Sui Foundation. "As market sentiment strengthens and focus turns to the fundamentals of the technology, it is extremely gratifying to see the work of the Sui community bear fruit and Sui’s ecosystem growth leading the industry forward.” Besides reaching this important TVL result so soon after launching its mainnet, other recent milestones achieved by Sui include surpassing $100 million in bridged USDC, handling the most transactions in a single day by any blockchain, and achieving a demonstrated TPS of 297,000 transactions per second all without any disruption of the network or a spike in fees—clearly demonstrating the chain’s ability to scale. The protocols contributing to Sui’s DeFi TVL are led by the Decentralized Exchange (DEX) Cetus with $62M locked in, followed by Navi Protocol ($60M, up 210% over the last 30 days), Scallop Lend ($54M), DeepBook ($33M), and FlowX Finance ($31M). During the past few months, the Sui ecosystem has welcomed many new projects building on its blockchain. Solend—a leading lending protocol on Solana—just announced its intention to expand to Sui as its first alternative ecosystem with its upcoming Suilend, while Bluefin, a leading derivatives trading protocol that began on Arbitrum, recently shuttered its Arbitrum implementation to devote the entirety of its resources to leveraging the uniquely performant Sui platform. Story continues Sui has also achieved some remarkable technology and infrastructure breakthroughs. After the September launch of zkLogin—which allows users to create and access Web3 wallets by simply using web2 social credentials like Google and FaceBook—the recent launch of zkSend represented a pioneering effort to make Web3 transactions as easy as sending an email. Thanks to its object-centric model and powerful infrastructure, Sui’s unparalleled potential for mass adoption arises from its simplicity for developers, scalability, and rapid transaction processing for broader use cases. Contact Details Sui Foundation [email protected] View source version on newsdirect.com: https://newsdirect.com/news/sui-tops-300m-in-tvl-passes-bitcoin-and-joins-upper-echelon-of-defi-protocols-899766410... - 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 Kevin Buckland\nTOKYO, March 5 (Reuters) - Chinese stocks stumbled on Tuesday, dragging Asian peers with them, as investors showed their disappointment at Beijing\'s plans to support the economy as its week-long annual session of parliament, the National People\'s Congress, got underway.\nEquities around the rest of the region were also on the back foot following a retreat from record highs on Wall Street overnight on signs the U.S. Federal Reserve is in no hurry to cut interest rates. U.S. stock futures also pointed lower.\nBitcoin continued its ascent to a fresh two-year peak of $68,650.87 that put it within spitting distance of an all-time high. Gold marked a record closing high of $2,114.99 on Monday and continued to hover at that level in the latest session.\nJapan\'s Nikkei slid 0.59% after reaching a fresh peak on Monday, while MSCI\'s broadest index of Asia-Pacific shares outside Japan dropped 0.4%.\nChinese blue chips lost 0.2%, and Hong Kong\'s Hang Seng slumped 1.3%.\n"China is aiming to lower their fiscal budget to 3% GDP, from a gap of around 3.8% in 2023, suggesting large fiscal stimulus is off the table for now," said James Kniveton, senior corporate FX dealer at Convera.\n"Stability is still the overriding factor in Chinese policy making and the announcements so far seem to conform to that philosophy."\nMeanwhile, alternative assets like cryptocurrencies and bullion have been supported and equities sold following hawkish comments from Atlanta Fed President Raphael Bostic that there is no urgency to cut interest rates amid risks inflation stays above the central bank\'s 2% target.\nThose remarks frayed nerves ahead of Fed Chair Jerome Powell\'s semi-annual testimony to Congress later in the week, as well as a deluge of key data on prices and jobs, culminating with Friday\'s non-farm payrolls report.\n"There are signs of slight irrational exuberance and maybe a squeeze of long-suffering shorts in some markets," particularly bitcoin and gold, said Kyle Rodda, senior markets analyst at Capital.com.\n"The moves have come despite only a minor shift in rates market pricing."\nOdds for a U.S. rate reduction by the Fed\'s May meeting declined below 22% from 26% a day earlier, according to CME Group\'s FedWatch Tool.\nThe dollar index, which measures the currency against six major peers, was last flat at 103.83. It eased 0.07% on Monday, as declines against rivals like the euro and sterling overshadowed gains against the yen.\nThe euro was little changed at $1.08525, after advancing 0.14% on Monday, with the European Central Bank due to set policy on Thursday.\nSterling was steady at $1.26895, following a 0.3% rise at the start of the week, in the run-up to Wednesday\'s UK budget.\nAgainst the yen, the dollar eased 0.07% to 150.41, giving up a little of Monday\'s 0.27% climb. The currency pair tends to be extremely sensitive to moves in long-term U.S. bonds, and benchmark 10-year Treasury yields bounced from 2 1/2-week lows overnight to sit at 4.217% in Asian time on Tuesday.\nElsewhere, crude oil continued to tick lower on Tuesday, as demand headwinds counterbalanced a widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group.\nBrent futures were off 11 cents to $82.69 a barrel, while U.S. West Texas Intermediate (WTI) eased 19 cents to $78.55 a barrel.\n(Reporting by Kevin Buckland. Editing by Sam Holmes.)', 'Bitcoin has been surging for the past weeks and months. The top token by market cap has increased more than 50% in the past month and more than 150% in the last 6 months. Its market cap has surpassed $1.3 trillion, larger than nearly all publicly traded companies. However, despite the recent pump, many believe that Bitcoin has more in the tank.\nOne of the analysts who sees Bitcoin further appreciating is Guy Turner of Coin Bureau. HisYouTube channelhas over 2 million subscribers and consistently garners hundreds of thousands of views. In avideo from early 2024, he discusses his top 10 picks for the coming year, including Bitcoin.\nDon\'t Miss:\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\n• Bitcoin has jumped nearly 50% already this year –how much would you need to get started today?\n"BTC will hit a new all-time time high in 2024...that\'s simply because BTC has a history of surpassing its previous all-time high roughly one year before its cycle high...In late 2016, BTC surpassed its 2013 cycle high of around $1,000. In late 2017, BTC hit a new cycle high of almost $20,000. In late 2020, BTC surpassed its 2017 high and in late 2021, BTC hit a cycle high of almost $70,000. It appears that 2024 will be analogous to 2016 and 2020," Turner said.\nTurner looks at past times Bitcoin has hit all-time highs (ATHs) to make a price prediction for Bitcoin, saying that Bitcoin will break ATHs in 2024, and "$80,000 would be a conservative expectation."\nAdditionally, his prediction shows that a new ATH is usually reached around a year before a cycle high. This means that Bitcoin could reach new ATHs, retrace slightly and then continue to rise in 2025: "We believe that BTC will hit a high of between $130,000 and $180,000 – this is likewise based on BTC\'s previous cycles, which have seen diminishing returns."\nTurner\'s prediction was made "regardless of whether a spot Bitcoin ETF is approved or not," but the spot ETFs were approved in early 2024. The ETFs brought in huge amounts of institutional buyers and may have been another price catalyst.\nTrending:Large boom in cryptocurrency and metaverse interest as BTC skyrockets —has Apple Vision Pro increased the demand for virtual real estate?\nOn top of the ETFs, an upcoming Bitcoin halving could send prices even higher. The halving will further limit the amount of new tokens that are put into circulation each block, effectively decreasing the rate at which the supply increases. While some believe that this isalready priced in, it could lead to further gains when it occurs, most likely in April 2024.\nAnother important factor to consider is exchange liquidity. On Coinbase and Binance,there is only around 5,000 BTC, equating to just over $300 million, between the current price and the $80,000 level. According to the post, that is less than what the ETF sponsors buy in a single day. If more liquidity is not added, there is comparatively less room between current prices at $80,000 than in the past.\nSo, as Bitcoin appears to be following patterns of old and other signs are pointing towards price increases, it will be interesting to see how the price of Bitcoin moves in the coming months, and if Turner’s prediction plays out.\nRead Next:\n• Whether you have $10 or $10,000,you can start trading crypto today.\n• Thelast-standing top crypto exchange without a major security breachoffers what now?\n"ACTIVE INVESTORS\' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n• APPLE (AAPL): Free Stock Analysis Report\n• TESLA (TSLA): Free Stock Analysis Report\nThis articleBitcoin Surges Above $68,000: Analysts Target $80,000 Soonoriginally appeared onBenzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Bitcoin has been surging for the past weeks and months. The top token by market cap has increased more than 50% in the past month and more than 150% in the last 6 months. Its market cap has surpassed $1.3 trillion, larger than nearly all publicly traded companies. However, despite the recent pump, many believe that Bitcoin has more in the tank.\nOne of the analysts who sees Bitcoin further appreciating is Guy Turner of Coin Bureau. HisYouTube channelhas over 2 million subscribers and consistently garners hundreds of thousands of views. In avideo from early 2024, he discusses his top 10 picks for the coming year, including Bitcoin.\nDon\'t Miss:\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\n• Bitcoin has jumped nearly 50% already this year –how much would you need to get started today?\n"BTC will hit a new all-time time high in 2024...that\'s simply because BTC has a history of surpassing its previous all-time high roughly one year before its cycle high...In late 2016, BTC surpassed its 2013 cycle high of around $1,000. In late 2017, BTC hit a new cycle high of almost $20,000. In late 2020, BTC surpassed its 2017 high and in late 2021, BTC hit a cycle high of almost $70,000. It appears that 2024 will be analogous to 2016 and 2020," Turner said.\nTurner looks at past times Bitcoin has hit all-time highs (ATHs) to make a price prediction for Bitcoin, saying that Bitcoin will break ATHs in 2024, and "$80,000 would be a conservative expectation."\nAdditionally, his prediction shows that a new ATH is usually reached around a year before a cycle high. This means that Bitcoin could reach new ATHs, retrace slightly and then continue to rise in 2025: "We believe that BTC will hit a high of between $130,000 and $180,000 – this is likewise based on BTC\'s previous cycles, which have seen diminishing returns."\nTurner\'s prediction was made "regardless of whether a spot Bitcoin ETF is approved or not," but the spot ETFs were approved in early 2024. The ETFs brought in huge amounts of institutional buyers and may have been another price catalyst.\nTrending:Large boom in cryptocurrency and metaverse interest as BTC skyrockets —has Apple Vision Pro increased the demand for virtual real estate?\nOn top of the ETFs, an upcoming Bitcoin halving could send prices even higher. The halving will further limit the amount of new tokens that are put into circulation each block, effectively decreasing the rate at which the supply increases. While some believe that this isalready priced in, it could lead to further **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: 2024-03-05 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,318,976,210,250 - Hash Rate: 658743347.9554589 - Transaction Count: 424347.0 - Unique Addresses: 772888.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.90 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- A key measure of bond risk in Europe fell to the lowest in almost two years as investors pile into higher yielding debt before the European Central Bank starts cutting interest rates. Most Read from Bloomberg Florida Governor DeSantis Drops Out of 2024 Race, Endorses Trump Hong Kong Stocks at 36% Discount Show True Depth of China Gloom Morgan Stanley, JPMorgan Say Buy the Dip After Treasury Rout Never Trumpers Brace for New Hampshire Shutout Stocks Rise as Wall Street Builds on Record Highs: Markets Wrap The difference between Italian and German 10-year yields fell to about 1.5 percentage points, down from 2 points in late October. The spread is closely followed in debt markets as a key gauge of risk tolerance and metric for how investors view Europe’s historically stronger and shakier economies. European periphery nations including Portugal, Italy, Greece and Spain, have attracted bond investors as upcoming interest-rate cuts are seen boosting their economies and making their debt pile less costly. Italy, in particular, has also benefited from European fiscal rules that will give countries more flexibility in reducing budget deficits over the long-term. Some investors also point to a more stable political landscape in Italy as a reason for the market’s confidence. Prime Minister Giorgia Meloni scored a huge win in November, when Moody’s Investors Service said the country was no longer in danger of a cut to junk and raised the rating outlook to stable. Read more: Vanguard Piles Into Europe’s Periphery Debt as Rate Cuts Near “Italy is not doing anything particularly radical in terms of structural reform, but equally it’s not doing anything particularly wrong,” said Charles Diebel, head of fixed income at Mediolanum International Funds in Dublin. “In that environment, the yield differentiation is sufficient to make it look attractive.” Diebel sees Italy-Germany yield spread falling further to 140 basis points this year and 100 basis points in the medium term. Global bond markets saw a resurgence late last year as investors anticipated lower rates. While the rally was trimmed this month, yields are still much lower than the peaks reached last year and investors price at least five quarter-point cuts from the ECB this year, double what was expected a couple of months ago. Asset manager Candriam recently scrapped its underweight stance on Italian debt, arguing there was no longer any justification in foregoing the higher rates. The country’s 10-year bond yields around 3.85%, compared with 3.22% on the Spanish equivalent and 2.81% for French debt. Story continues Since her election in late 2022, Meloni has consolidated her power with parliament consistently voting as a united front. That’s created a sense that the government that is likely to last and follow through with its policy agenda, which includes spending almost €200 billion ($218 billion) in EU Recovery Fund cash. Still, she is facing several challenges. In December, the Bank of Italy cut its growth forecast for the euro area’s third-biggest economy to just 0.6% this year. And there are worries that the market rally is overextended. Mohit Kumar, chief economist for Europe at Jefferies International, said there’s potential for the Italy-Germany spread to widen to as much as 180 basis points in the coming weeks. Others say the tightening can persist. Like Diebel, strategists at Citigroup Inc. say the spread could fall to 140 basis points. The tighter spread is down to “rate cuts and some progress on EU fiscal rules,” which is “rather a positive thing for the periphery,” said Dario Messi, fixed income strategist at Julius Baer. “The momentum could persist, in my view.” --With assistance from James Hirai, Alessandra Migliaccio and Sujata Rao. (Updates with ECB rates pricing in seventh paragraph.) Most Read from Bloomberg Businessweek The Downfall of Diddy Inc. How Sweden Quit Smoking Without Quitting Nicotine The Bitcoin Hype Is Back and About Just as Hollow as Before Japan’s Market Roars Back to Life—With Old-Timers Leading the Way ©2024 Bloomberg L.P. View comments... - Reddit Posts (Sample): [['u/Tight-Direction1605', "PSA: A message to all those of you who're planning to sell in anticipation of a pre-halving dip", 390, '2024-03-05 00:05', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/', "Don't do it. Don't let your hardwork go to waste. We didn't have the ETFs before, it's a whole new world now. MicroStrategy, that holds $10B+ of Bitcoins, just buys and holds so why would you assume yourself to be smarter than them. Just don't do anything that you'll regret later. PSA Over.", 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/', '1b6p7ap', [['u/DesignerAstronaut975', 67, '2024-03-05 00:06', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdbev8/', 'Bears will get fucked in this market. Don’t get fucked.', '1b6p7ap'], ['u/Illustrious_Plate610', 127, '2024-03-05 00:07', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdbkor/', 'Some people buy a house from their profits. Let’s just say: don’t sell even one part of a bitcoin more than you really need to. Say no to Consumer sell outs.', '1b6p7ap'], ['u/BluexxMan', 19, '2024-03-05 00:09', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdbw24/', 'Guys, seriously, make your money and walk away. Most of us are broke and have been for a while. Let this money change your life.', '1b6p7ap'], ['u/Illustrious_Plate610', 73, '2024-03-05 00:11', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdc60q/', 'Maybe because they hold it since 2015 and made already a lot profit to improve their life', '1b6p7ap'], ['u/Tight-Direction1605', 27, '2024-03-05 00:11', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdc63f/', 'I feel so annoyed when I read people giving out wisdom about how the price is going to dip below $40,000 as it always dips before the halving and they intend to sell and buy some at the dip. I mean, god, just HODL.', '1b6p7ap'], ['u/DesignerAstronaut975', 13, '2024-03-05 00:21', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktddukd/', 'The worst is they suck noobs in and the poor folks get totally screwed.', '1b6p7ap'], ['u/omg_its_dan', 15, '2024-03-05 00:37', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdgi3p/', 'Bitcoin is the money. I have no interest in evaporating USD that’s completely controlled by our corrupt government.', '1b6p7ap'], ['u/FFMooch', 196, '2024-03-05 00:42', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdh7sa/', 'I can NOT understand how ANYONE is selling at this point. ETFs are clearly not priced in. Halvening is COMING and we have data to prove its importance. And finally, MORE institutional money will land at the end of the year with the tax changes hitting. Its literally a perfect storm and the charts are completely blown up. Just embrace this ONCE IN A LIFE TIME RIDE.', '1b6p7ap'], ['u/Tyson8765', 102, '2024-03-05 00:55', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdjcdz/', 'I have enough to pay off my entire mortgage. Wife asked when will I cash out told her I went from 69-16 to this I ain’t selling shit. This is generational wealth and hedge against fiat/inflation.', '1b6p7ap'], ['u/UrethreaFranklin1', 49, '2024-03-05 00:55', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdjg5q/', 'Oh I am 100% selling a portion of these gains to pay off mortgages and get the wife a new car.. \n\nI won’t sell all of it but will sell 10-12%..\n\nAnd when it dips again in the next cycle I’ll buy more :) \n\nCongrats everyone that held the last 3 years. We made it. In the green', '1b6p7ap'], ['u/Tight-Direction1605', 20, '2024-03-05 00:55', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdjgh2/', "That's the way to go.", '1b6p7ap'], ['u/SpaceToadD', 12, '2024-03-05 00:56', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdjjix/', 'The smartest people in the room are all accumulating right now. Don’t be the idiot. I’m not the smartest person in the room but I sure as shit won’t do whatever the idiots are doing. Buy and HODL!!!', '1b6p7ap'], ['u/Ynvictus', 54, '2024-03-05 01:02', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdkia9/', 'How so? Buying at $19000 and seeing it go up at $69000 and then back down to $19000 did nothing for me.\n\nThis time my profits actually exist.', '1b6p7ap'], ['u/isu_asenjo', 16, '2024-03-05 01:14', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdmhfh/', 'Jesuss how much do you have that 10% is a mortgage + new car lol', '1b6p7ap'], ['u/UrethreaFranklin1', 28, '2024-03-05 01:18', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdn017/', 'Enough to pay off mortgages and get a new car. 😉', '1b6p7ap'], ['u/SouthTippBass', 20, '2024-03-05 01:29', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdosv6/', 'Once in a life time, until 2028!', '1b6p7ap'], ['u/WhaleFactory', 23, '2024-03-05 01:30', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdp002/', 'I am dry aging my orange coin. I need to keep buying to have a variety of vintages. Can’t sell them because the oldest vintage is not even close to ripe yet. \n\nOne day, long from now, I will crack open one my finely aged orange coins. From it, abundance.\n\nGood things come to those who wait.', '1b6p7ap'], ['u/DashRift', 21, '2024-03-05 01:33', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdpdwi/', 'I’ve 4x what I put in, It feels ridiculous to not sell (using DCA) to safely recoup my initial investment.', '1b6p7ap'], ['u/LiveDirtyEatClean', 14, '2024-03-05 01:34', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdpjre/', "I'm only selling in the 200,000s for a house", '1b6p7ap'], ['u/us3rnamecheck5out', 14, '2024-03-05 01:39', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdqcuy/', 'The Fed is also cutting interest rates. Low interest environment has been a huge contributing factor to BTC growth. I find mind blowing that we have reached these prices in the most restrictive monetary environment of the last quarter century. Once the fed starts easing, risk assets will get a huge boost.\xa0', '1b6p7ap'], ['u/ElderBlade', 59, '2024-03-05 01:50', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktds4t5/', "A lot of these sellers don't even know what the halving is.", '1b6p7ap'], ['u/LiveDirtyEatClean', 59, '2024-03-05 01:52', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdsi64/', 'Because life is short and time is the most valuable resource', '1b6p7ap'], ['u/korean_kracka', 14, '2024-03-05 02:18', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdwjuu/', 'Trying to time a pullback at this point is so fckn risky.', '1b6p7ap'], ['u/analogOnly', 14, '2024-03-05 02:21', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktdx0or/', "No, they are referring to the ETFs and now the halving in close proximity. That's not happening again.", '1b6p7ap'], ['u/International-Map-66', 12, '2024-03-05 03:02', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/kte3g8h/', 'I sold this week enough to cover my initial investment capital. I was buying a good amount under 20k. I got burned in 21 not taking huge gains to cover investment at least. Wasn’t doing that again', '1b6p7ap'], ['u/Citizen_Kano', 14, '2024-03-05 03:06', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/kte412c/', 'ETFs are priced in. ETF inflows are not', '1b6p7ap'], ['u/Unusual_Platypus5050', 14, '2024-03-05 03:23', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/kte6kda/', 'Because it can just as easily be half as much a year from now…', '1b6p7ap'], ['u/Tyson8765', 15, '2024-03-05 03:35', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/kte8dp8/', 'If I was at retirement age it would cross my mind. But currently with a 3% mortgage and in a forever home already. Simply no reason to do it our income is plenty for our lifestyle. All these gains is for the future', '1b6p7ap'], ['u/ElderBlade', 39, '2024-03-05 04:02', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktecgaw/', "The halving is part of Bitcoin's mathematical supply issuance. Every 210k blocks (approximately 4 years), the block reward is cut in HALF. \n\nCurrent reward is 6.25 btc per block = 900 coins per day, which will drop to 450 per day this April, less than 50 days from now. \n\nAfter the halving event, the price goes parabolic from supply shock and peaks 12-18 months afterward, historically. \n\nPlan accordingly.", '1b6p7ap'], ['u/davebobn', 10, '2024-03-05 04:04', 'https://www.reddit.com/r/Bitcoin/comments/1b6p7ap/psa_a_message_to_all_those_of_you_whore_planning/ktecute/', "Bingo! Was going to ask what your rate was. I'... 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:** ['• Miners appear to have just sold long-dormant bitcoin, sourced from old block rewards, right when BTC plunged from its record high on Tuesday.\n• Given the market\'s thin liquidity, it could have had an outsized impact on bitcoin\'s price.\nBitcoin\'s rapid price ascent during the last month, whichculminated in a new all-time highandquick reversalon Tuesday, has meant that some early miners have started selling their old block rewards – puttingpressure on bitcoin\'s price.\nOn-chain dataspotted by CryptoQuantshows that, just before bitcoin peaked at new highs around $69,000 and then plunged to $62,000 on Tuesday, 1,000 bitcoin worth roughly $69 million were moved to Coinbase by addresses more than a decade old and that the research firm says are linked to miners. (Shifting long-dormant tokens to Coinbase, a large crypto exchange, can be a prelude to selling.)\n"Considering that the exchange order book shows 5-10 bitcoins of liquidity for every $100 price change, a sell-off of 1,000 bitcoins is highly likely to trigger a significant price drop," Bradley Park, an analyst at CryptoQuant, told CoinDesk in an interview. "Especially when traders are waiting to enter a short against bitcoin\'s all-time high like on Tuesday."\nPark said that the recent influx of bitcoin into exchanges reminds him of the sharp increase in BTC inflows that occurred before the 40% price drop on March 12, 2020, as Covid-19 began to rapidly escalate in severity, causing governments around the world to begin lockdowns,forcing a flight to safety for traders.\nWhen that sell-off finally ended,bitcoin had bottomed outat $3,850.\n"That time, it was also miners," Park continued.', '• Miners appear to have just sold long-dormant bitcoin, sourced from old block rewards, right when BTC plunged from its record high on Tuesday.\n• Given the market\'s thin liquidity, it could have had an outsized impact on bitcoin\'s price.\nBitcoin\'s rapid price ascent during the last month, whichculminated in a new all-time highandquick reversalon Tuesday, has meant that some early miners have started selling their old block rewards – puttingpressure on bitcoin\'s price.\nOn-chain dataspotted by CryptoQuantshows that, just before bitcoin peaked at new highs around $69,000 and then plunged to $62,000 on Tuesday, 1,000 bitcoin worth roughly $69 million were moved to Coinbase by addresses more than a decade old and that the research firm says are linked to miners. (Shifting long-dormant tokens to Coinbase, a large crypto exchange, can be a prelude to selling.)\n"Considering that the exchange order book shows 5-10 bitcoins of liquidity for every $100 price change, a sell-off of 1,000 bitcoins is highly likely to trigger a significant price drop," Bradley Park, an analyst at CryptoQuant, told CoinDesk in an interview. "Especially when traders are waiting to enter a short against bitcoin\'s all-time high like on Tuesday."\nPark said that the recent influx of bitcoin into exchanges reminds him of the sharp increase in BTC inflows that occurred before the 40% price drop on March 12, 2020, as Covid-19 began to rapidly escalate in severity, causing governments around the world to begin lockdowns,forcing a flight to safety for traders.\nWhen that sell-off finally ended,bitcoin had bottomed outat $3,850.\n"That time, it was also miners," Park continued.', 'Top 10 Creations (All ETFs)\n[{"Ticker": "VTI", "Name": "Vanguard Total Stock Market ETF", "Net Flows ($, mm)": "1,228.33", "AUM ($, mm)": "380,695.15", "AUM % Change": "0.32%"}, {"Ticker": "LQD", "Name": "iShares iBoxx USD Investment Grade Corporate Bond ETF", "Net Flows ($, mm)": "797.53", "AUM ($, mm)": "33,754.97", "AUM % Change": "2.36%"}, {"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Net Flows ($, mm)": "770.93", "AUM ($, mm)": "420,706.71", "AUM % Change": "0.18%"}, {"Ticker": "IEFA", "Name": "iShares Core MSCI EAFE ETF", "Net Flows ($, mm)": "724.58", "AUM ($, mm)": "111,440.40", "AUM % Change": "0.65%"}, {"Ticker": "JNK", "Name": "SPDR Bloomberg High Yield Bond ETF", "Net Flows ($, mm)": "320.24", "AUM ($, mm)": "9,972.23", "AUM % Change": "3.21%"}, {"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "289.75", "AUM ($, mm)": "258,639.23", "AUM % Change": "0.11%"}, {"Ticker": "AGG", "Name": "iShares Core U.S. Aggregate Bond ETF", "Net Flows ($, mm)": "282.56", "AUM ($, mm)": "102,014.03", "AUM % Change": "0.28%"}, {"Ticker": "SPLG", "Name": "SPDR Portfolio S&P 500 ETF", "Net Flows ($, mm)": "232.27", "AUM ($, mm)": "32,653.99", "AUM % Change": "0.71%"}, {"Ticker": "HYG", "Name": "iShares iBoxx USD High Yield Corporate Bond ETF", "Net Flows ($, mm)": "215.34", "AUM ($, mm)": "16,158.14", "AUM % Change": "1.33%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Net Flows ($, mm)": "202.51", "AUM ($, mm)": "10,295.45", "AUM % Change": "1.97%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Net Flows ($, mm)": "-5,513.58", "AUM ($, mm)": "501,496.05", "AUM % Change": "-1.10%"}, {"Ticker": "XLU", "Name": "Utilities Select Sector SPDR Fund", "Net Flows ($, mm)": "-573.86", "AUM ($, mm)": "11,679.22", "AUM % Change": "-4.91%"}, {"Ticker": "EMB", "Name": "iShares JP Morgan USD Emerging Markets Bond ETF", "Net Flows ($, mm)": "-502.61", "AUM ($, mm)": "13,905.61", "AUM % Change": "-3.61%"}, {"Ticker": "GBTC", "Name": "Grayscale Bitcoin Trust ETF", "Net Flows ($, mm)": "-492.36", "AUM ($, mm)": "26,528.50", "AUM % Change": "-1.86%"}, {"Ticker": "TQQQ", "Name": "ProShares UltraPro QQQ", "Net Flows ($, mm)": "-328.58", "AUM ($, mm)": "22,349.70", "AUM % Change": "-1.47%"}, {"Ticker": "SHY", "Name": "iShares 1-3 Year Treasury Bond ETF", "Net Flows ($, mm)": "-285.66", "AUM ($, mm)": "25,243.86", "AUM % Change": "-1.13%"}, {"Ticker": "BIL", "Name": "SPDR Bloomberg 1-3 Month T-Bill ETF", "Net Flows ($, mm)": "-260.55", "AUM ($, mm)": "31,064.81", "AUM % Change": "-0.84%"}, {"Ticker": "STIP", "Name": "iShares 0-5 Year TIPS Bond ETF", "Net Flows ($, mm)": "-252.47", "AUM ($, mm)": "7,955.29", "AUM % Change": "-3.17%"}, {"Ticker": "IWM", "Name": "iShares Russell 2000 ETF", "Net Flows ($, mm)": "-226.58", "AUM ($, mm)": "62,792.59", "AUM % Change": "-0.36%"}, {"Ticker": "TLT", "Name": "iShares 20+ Year Treasury Bond ETF", "Net Flows ($, mm)": "-188.76", "AUM ($, mm)": "49,739.42", "AUM % Change": "-0.38%"}]\nETF Daily Flows By Asset Class\n[{"": "Alternatives", "Net Flows ($, mm)": "7.40", "AUM ($, mm)": "7,033.90", "% of AUM": "0.11%"}, {"": "Asset Allocation", "Net Flows ($, mm)": "28.37", "AUM ($, mm)": "17,512.11", "% of AUM": "0.16%"}, {"": "Commodities", "Net Flows ($, mm)": "-123.19", "AUM ($, mm)": "123,911.24", "% of AUM": "-0.10%"}, {"": "Currency", "Net Flows ($, mm)": "-132.47", "AUM ($, mm)": "52,712.76", "% of AUM": "-0.25%"}, {"": "International Equity", "Net Flows ($, mm)": "865.73", "AUM ($, mm)": "1,428,113.73", "% of AUM": "0.06%"}, {"": "International Fixed Income", "Net Flows ($, mm)": "-97.77", "AUM ($, mm)": "173,762.36", "% of AUM": "-0.06%"}, {"": "Inverse", "Net Flows ($, mm)": "-149.45", "AUM ($, mm)": "13,727.22", "% of AUM": "-1.09%"}, {"": "Leveraged", "Net Flows ($, mm)": "-328.93", "AUM ($, mm)": "93,060.26", "% of AUM": "-0.35%"}, {"": "U.S. Equity", "Net Flows ($, mm)": "-1,085.84", "AUM ($, mm)": "5,334,929.15", "% of AUM": "-0.02%"}, {"": "U.S. Fixed Income", "Net Flows ($, mm)": "1,748.17", "AUM ($, mm)": "1,368,870.68", "% of AUM": "0.13%"}, {"": "Total:", "Net Flows ($, mm)": "732.02", "AUM ($, mm)": "8,613,633.42", "% of AUM": "0.01%"}]\nDisclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.\nPermalink| © Copyright 2024etf.com.All rights reserved', 'By Elizabeth Howcroft and Hannah Lang\nLONDON/NEW YORK (Reuters) -As Tether toasts $100 billion in circulation this week, the rapid rise of the world\'s biggest stablecoin has highlighted concerns about potential risks to wider financial markets.\nThe digital dollar-pegged token is designed to keep a constant value, something Tether says that it does by holding dollar-denominated reserves for every token it creates.\nCrypto traders say the tokens are essential for moving funds in crypto quickly, without using the regulated banking system.\n"Tether plays a pivotal role in our day-to-day operations, primarily serving as a mechanism for moving funds swiftly between trading venues," said Michael Hall, founding partner of London-based crypto asset manager Nickel Digital.\nRegulators, however, have long-standing concerns that growing stablecoin reserves expose the broader financial system to bigger risks, because they act as a bridge between the crypto universe and mainstream financial markets.\nJames Butterfill, head of research at asset manager CoinShares, said that Tether\'s dominance increases systemic risk within crypto.\n"If Tether fails for some unlikely reason, it would lead to a dramatic decline in trading volumes," he said.\nU.S. regulators have warned banks that stablecoin reserves could be subject to rapid outflows, for example if holders rushed to exchange such tokens back into traditional currency.\nA spokesperson for Tether said its "products provide real-world value by enabling the billions of unbanked people across the globe to access the global financial system when they couldn’t before."\nThe spokesperson also said Tether "proactively works with law enforcement and regulatory agencies across the globe to halt the illicit use of stablecoin technology, having frozen several hundreds of millions in USDT connected to illicit activities."\nCEO Paolo Ardoino said in a statement in January that Tether is committed to "transparency, stability, and responsible financial management".\nCrypto markets have mostly recovered from the collapses that saw prices plunge in 2022. Bitcoin jumped more than 20% last week and 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: 2024-03-06 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,243,036,966,600 - Hash Rate: 552239932.41775 - Transaction Count: 381934.0 - Unique Addresses: 681667.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.75 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: * Major U.S. stock indexes end mostly flat * Data: U.S. consumer prices rise more than expected in Dec * Bitcoin rises after first US bitcoin ETF approvals (Updates with closing U.S. market levels) By Caroline Valetkevitch NEW YORK, Jan 11 (Reuters) - Global stock indexes were flat to lower on Thursday as data showed U.S. consumer price inflation came in above economists' expectations in December, raising some doubts that the Federal Reserve will cut rates as soon as some traders expect. Bitcoin rose to a two-year high as several exchange-traded funds (ETFs) tied to the spot price of the cryptocurrency began trading . U.S. Treasury yields slid, while the dollar was down on the day against the euro and the yen but off lows reached before the U.S. CPI report. The day's data showed headline CPI rose 0.3% last month, for an annual gain of 3.4%. That was expected to be 0.2% and 3.2%, respectively. "This is not pernicious, it's not a bad number... This is not a signal of a resurgence of inflation. All it's saying is that inflation has come down," said Thierry Wizman, global FX and interest rate strategists in Macquarie, New York. "So, bottom line, this is not dangerous, the Fed will still be easing," Wizman said, adding that a rate cut will not happen in March, as many expected, but will start later in the year. Traders have been pricing in aggressive expectations for rate cuts this year, with the Fed seen as possibly beginning to cut rates in March. The Dow Jones Industrial Average rose 15.29 points, or 0.04%, to 37,711.02, the S&P 500 lost 3.21 points, or 0.07%, to 4,780.24 and the Nasdaq Composite added 0.54 points, or 0%, to 14,970.19. The benchmark S&P 500 rose early in the session and briefly surpassed its record closing high from January 2022. Also, Microsoft briefly overtook Apple as the world's most valuable company for the first time since 2021. The pan-European STOXX 600 index lost 0.77% and MSCI's gauge of stocks across the globe shed 0.06%. The dollar index was last down 0.05% on the day at 102.29. It had traded at around 102.20 before the data was released. The euro gained 0.09% on the day to $1.09820. The greenback gained dipped 0.20% to 145.48 yen, after earlier reaching 146.10, the highest since Dec. 11. The benchmark 10-year yield was last down 4.9 basis points (bps) at 3.980%. BITCOIN BOOST Bitcoin reached $49,051, the highest since December 2021, and was last up 1.80% at $46,800. The U.S. Securities and Exchange Commission late on Wednesday gave the green light to offer ETFs linked to bitcoin. Crypto stocks like Coinbase were down on Thursday. Investor focus will soon turn to U.S. earnings season, with banking giants including JPMorgan Chase and Wells Fargo due to report earnings on Friday. Oil futures and gold prices advanced. Brent futures rose 61 cents, or 0.8%, to settle at $77.41 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 65 cents, or 0.9%, to settle at $72.02. Spot gold added 0.1% to $2,024.69 an ounce. (Reporting by Caroline Valetkevitch in New York; additional reporting by Marc Jones in London and Herbert Lash in New York and Ankur Banerjee in Singapore Editing by Mark Potter, Timothy Heritage and Nick Macfie, Aurora Ellis and Marguerita Choy)... - 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:** ['Top 10 Creations (All ETFs)\n[{"Ticker": "GOVT", "Name": "iShares U.S. Treasury Bond ETF", "Net Flows ($, mm)": "2,036.70", "AUM ($, mm)": "24,718.75", "AUM % Change": "8.24%"}, {"Ticker": "IEFA", "Name": "iShares Core MSCI EAFE ETF", "Net Flows ($, mm)": "578.00", "AUM ($, mm)": "111,698.04", "AUM % Change": "0.52%"}, {"Ticker": "XLI", "Name": "Industrial Select Sector SPDR Fund", "Net Flows ($, mm)": "518.30", "AUM ($, mm)": "17,564.35", "AUM % Change": "2.95%"}, {"Ticker": "IYR", "Name": "iShares U.S. Real Estate ETF", "Net Flows ($, mm)": "474.24", "AUM ($, mm)": "3,924.86", "AUM % Change": "12.08%"}, {"Ticker": "HYG", "Name": "iShares iBoxx USD High Yield Corporate Bond ETF", "Net Flows ($, mm)": "431.07", "AUM ($, mm)": "16,603.70", "AUM % Change": "2.60%"}, {"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Net Flows ($, mm)": "429.32", "AUM ($, mm)": "420,654.12", "AUM % Change": "0.10%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Net Flows ($, mm)": "420.11", "AUM ($, mm)": "11,529.14", "AUM % Change": "3.64%"}, {"Ticker": "XLK", "Name": "Technology Select Sector SPDR Fund", "Net Flows ($, mm)": "410.98", "AUM ($, mm)": "65,399.30", "AUM % Change": "0.63%"}, {"Ticker": "JANW", "Name": "AllianzIM U.S. Large Cap Buffer20 Jan ETF", "Net Flows ($, mm)": "406.58", "AUM ($, mm)": "813.16", "AUM % Change": "50.00%"}, {"Ticker": "FBTC", "Name": "Fidelity Wise Origin Bitcoin Fund", "Net Flows ($, mm)": "404.58", "AUM ($, mm)": "7,490.58", "AUM % Change": "5.40%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "BND", "Name": "Vanguard Total Bond Market ETF", "Net Flows ($, mm)": "-1,457.43", "AUM ($, mm)": "104,171.83", "AUM % Change": "-1.40%"}, {"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "-1,087.66", "AUM ($, mm)": "256,487.49", "AUM % Change": "-0.42%"}, {"Ticker": "JNK", "Name": "SPDR Bloomberg High Yield Bond ETF", "Net Flows ($, mm)": "-753.95", "AUM ($, mm)": "9,224.02", "AUM % Change": "-8.17%"}, {"Ticker": "TLT", "Name": "iShares 20+ Year Treasury Bond ETF", "Net Flows ($, mm)": "-696.00", "AUM ($, mm)": "48,870.72", "AUM % Change": "-1.42%"}, {"Ticker": "VTI", "Name": "Vanguard Total Stock Market ETF", "Net Flows ($, mm)": "-389.65", "AUM ($, mm)": "379,902.23", "AUM % Change": "-0.10%"}, {"Ticker": "GBTC", "Name": "Grayscale Bitcoin Trust ETF", "Net Flows ($, mm)": "-367.96", "AUM ($, mm)": "28,117.06", "AUM % Change": "-1.31%"}, {"Ticker": "XLE", "Name": "Energy Select Sector SPDR Fund", "Net Flows ($, mm)": "-228.47", "AUM ($, mm)": "35,531.10", "AUM % Change": "-0.64%"}, {"Ticker": "DIA", "Name": "SPDR Dow Jones Industrial Average ETF Trust", "Net Flows ($, mm)": "-195.14", "AUM ($, mm)": "33,131.37", "AUM % Change": "-0.59%"}, {"Ticker": "KBE", "Name": "SPDR S&P Bank ETF", "Net Flows ($, mm)": "-174.41", "AUM ($, mm)": "1,395.37", "AUM % Change": "-12.50%"}, {"Ticker": "LQD", "Name": "iShares iBoxx USD Investment Grade Corporate Bond ETF", "Net Flows ($, mm)": "-172.35", "AUM ($, mm)": "33,564.87", "AUM % Change": "-0.51%"}]\nETF Daily Flows By Asset Class\n[{"": "Alternatives", "Net Flows ($, mm)": "-19.54", "AUM ($, mm)": "7,013.18", "% of AUM": "-0.28%"}, {"": "Asset Allocation", "Net Flows ($, mm)": "-12.89", "AUM ($, mm)": "17,482.99", "% of AUM": "-0.07%"}, {"": "Commodities", "Net Flows ($, mm)": "-212.40", "AUM ($, mm)": "126,133.61", "% of AUM": "-0.17%"}, {"": "Currency", "Net Flows ($, mm)": "610.32", "AUM ($, mm)": "57,189.72", "% of AUM": "1.07%"}, {"": "International Equity", "Net Flows ($, mm)": "971.55", "AUM ($, mm)": "1,427,708.73", "% of AUM": "0.07%"}, {"": "International Fixed Income", "Net Flows ($, mm)": "24.77", "AUM ($, mm)": "173,791.92", "% of AUM": "0.01%"}, {"": "Inverse", "Net Flows ($, mm)": "26.12", "AUM ($, mm)": "13,793.40", "% of AUM": "0.19%"}, {"": "Leveraged", "Net Flows ($, mm)": "83.60", "AUM ($, mm)": "92,900.00", "% of AUM": "0.09%"}, {"": "U.S. Equity", "Net Flows ($, mm)": "2,278.82", "AUM ($, mm)": "5,334,389.93", "% of AUM": "0.04%"}, {"": "U.S. Fixed Income", "Net Flows ($, mm)": "1,571.43", "AUM ($, mm)": "1,369,113.14", "% of AUM": "0.11%"}, {"": "Total:", "Net Flows ($, mm)": "5,321.77", "AUM ($, mm)": "8,619,516.63", "% of AUM": "0.06%"}]\nDisclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.\nPermalink| © Copyright 2024etf.com.All rights reserved', 'By Stella Qiu\nSYDNEY, March 7 (Reuters) - Asian shares rallied in relief on Thursday while the dollar nursed losses after the world\'s most powerful central banker reassured investors that U.S. rates would fall this year, setting the scene for policymakers in Europe.\nJapan\'s Nikkei reversed earlier gains and the yen jumped past the 149 per dollar level to the highest in a month as momentum builds that a move from the Bank of Japan to end negative interest rates could come as soon as this month.\nMSCI\'s broadest index of Asia-Pacific shares outside Japan rose 0.6%, while Japan\'s Nikkei fell 0.8%, after hitting a fresh all-time high earlier in the session.\nJapanese workers\' nominal pay in January grew 2% from a year earlier, data showed, accelerating from a gain of 0.8% the previous month. In other news, Japan\'s major union won big pay hikes in 2024 wage talks. BOJ board member Junko Nakagawa said on Thursday the economy was moving steadily towards sustainably achieving the central bank\'s 2% inflation target.\nOn speculation that the BOJ could move this month, the dollar lost 0.5% to a one-month low of 148.61 yen.\nChinese blue chips rose 0.3% and the Shanghai Composite index gained 0.4%. Hong Kong\'s Hang Seng index was an outlier, down 0.3%. Traders are waiting for China\'s January-February trade data to gauge the strength of the world\'s second-largest economy.\nElsewhere, markets were higher, with Taiwan\'s share market hitting a record high, after Federal Reserve Chair Jerome Powell stuck to the script by saying the Fed still expects to cut rates later this year, even though continued progress on inflation "is not assured".\nThat kept bets of a rate cut in June alive at an 84% probability. Longer-term bond yields slipped, gold prices hit a record high and oil jumped.\n"There was nothing particularly surprising within Fed Chair Powell\'s prepared monetary policy testimony to Congress - which is pretty short in fairness – or the Q&A session," said James Knightley, chief international economist at ING.\n"More data is required, but with more evidence of a cooling jobs market we still think they can cut rates from June."\nIndeed, data showed U.S. private payrolls increased slightly less than expected in February, although the report does not have a strong correlation with the official non-farm payrolls report due on Friday.\nFor now, investors are looking ahead to the policy action in Europe. The European Central Bank is set to keep interest rates steady at a record 4.0%, but any messaging from policymakers that support a rate cut in June would be a relief to markets.\nFutures are almost fully priced in for a first rate cut from the ECB in June, with a total easing of 88 basis points expected for all of this year.\nIn the currency markets, the broad weakness in the U.S. dollar has helped the euro break key resistance to a six week top of $1.0901, but a major chart level of $1.0916 weighed.\nTreasuries were steady in Asia. The benchmark 10-year U.S. yield was flat at 4.1156%, having slipped 3 basis points overnight to 4.0790%, the lowest in a month.\nCommodity prices rallied on a softer dollar. Gold prices were steady on Thursday at $2,148.76 per ounce after hitting a record high of $2,152.09 overnight.\nOil prices were mostly flat, having jumped 1% on Thursday. Brent rose 0.1% to $83.04 a barrel, while U.S. crude gained 0.1% to $79.24 per barrel.\nBitcoin hovered near record highs at $66,153.\n(Reporting by Stella Qiu; Editing by Jacqueline Wong)', "MicroStrategy, a company known for its aggressiveBitcoininvestment strategy, hasincreasedits convertible note offering to $700 million, up from the previously announced $600 million. This move comes amidst a surging cryptocurrency market, with Bitcoin recently reaching briefly touching new all-time highs.\nThe notes will have a maturity date of 2030 and carry an interest rate of 0.625% per year. They will be convertible into MicroStrategy shares at a price of $1,497.68 per share, representing a 21% premium over the current market price.\nHolders of the notes will have the option to require MicroStrategy to repurchase them under specific circumstances, while MicroStrategy itself can redeem the notes for cash after March 2027 if its stock price meets certain conditions.\nMicroStrategy expects to raise $684.3 million net through this offering, potentially reaching $782.0 million if additional options are exercised. These funds will be used to acquire more Bitcoin or for corporate expenses.\nThe company currently holds 193,000 BTC, acquired at an average price of $31,544, representing a total investment of $12.9 billion and a return of 112%. This strategy has also driven a 429.2% increase in MicroStrategy's stock price.", "MicroStrategy, a company known for its aggressiveBitcoininvestment strategy, hasincreasedits convertible note offering to $700 million, up from the previously announced $600 million. This move comes amidst a surging cryptocurrency market, with Bitcoin recently reaching briefly touching new all-time highs.\nThe notes will have a maturity date of 2030 and carry an interest rate of 0.625% per year. They will be convertible into MicroStrategy shares at a price of $1,497.68 per share, representing a 21% premium over the current market price.\nHolders of the notes will have the option to require MicroStrategy to repurchase them under specific circumstances, while MicroStrategy itself can redeem the notes for cash after March 2027 if its st **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: 2024-03-07 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,313,962,513,650 - Hash Rate: 710022770.2513928 - Transaction Count: 436344.0 - Unique Addresses: 714978.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.82 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: CoinShares has confirmed the exercise of its strategic option to acquire Valkyrie Funds, thereby bolstering its entrance into the U.S. market. 12th January 2023 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), today announced it has exercised the option to acquire Valkyrie Funds LLC (“Valkyrie Funds”), the U.S. digital asset manager's investment advisory business specialising in actively managed cryptocurrency exchange-traded funds, from Valkyrie Investments Inc. ("Valkyrie Investments"). CoinShares' decision to exercise this option comes as a direct result of SEC approval for the issuance of Valkyrie’s spot Bitcoin ETF, The Valkyrie Bitcoin Fund (BRRR), which commenced trading on Thursday 11th January 2024 at 09:30 am ET on Nasdaq as part of the first cohort of issuers for such products in the U.S. This move aligns with the positive developments in the US  regulatory landscape and CoinShares' strategy to expand its digital asset offerings in the U.S. market. Upon completion, the acquisition is expected to bolster CoinShares' existing AUM, currently at $4.5 billion by approximately $110 million, being the current level of AUM within Valkyrie’s existing ETF products: The Valkyrie Bitcoin Fund (Nasdaq: BRRR), The Valkyrie Bitcoin and Ether Strategy ETF (Nasdaq: BTF) and The Valkyrie Bitcoin Miners ETF (Nasdaq: WGMI). The exercise of this option signifies a pivotal step in the acquisition process, clearly demonstrating CoinShares' commitment to acquiring Valkyrie Funds. Once finalised, this will lead to the direct integration of Valkyrie’s’ funds and operations into the CoinShares group. CEO of CoinShares, Jean-Marie Mognetti, commented on today’s news: “Since our inception in 2014, CoinShares has consistently led the European digital asset industry, setting benchmarks for transparency and investor protection with its regulated digital asset products. Our expertise has enabled us to dominate the European market, commanding over 40% of all assets under management in crypto ETPs. Exercising our option to acquire Valkyrie Funds aims at extending our European success in the U.S, offering unparalleled access to regulated digital asset products to American investors. This expansion is a clear statement of our appetite for acquisition to support our ambition to be a global leader in the digital asset space.”Leah Wald, CEO of Valkyrie Funds, stated: “CoinShares has established itself as a premier player in the digital asset space and we’re excited to see how they continue advancing the space by leveraging Valkyrie’s team and expertise. CoinShares' renowned capabilities and proven success in combination with our strengths promise to propel us forward in the American digital asset investment sphere, particularly within the digital asset ETF market. Being part of such a strong and successful group marks a promising new chapter for us.”The acquisition is pending the completion of satisfactory due diligence, the finalisation of necessary legal agreements and final Company board approval. Valkyrie Funds is maintaining its operational independence until the acquisition is fully executed and finalised.ABOUT COINSHARESCoinShares is the European leading investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the U.K. and the U.S. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the U.S. by the Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.ABOUT VALKYRIEValkyrie Investments is a specialised alternative financial services firm at the intersection of traditional finance and the emerging cryptocurrency sector whose affiliates aim to offer asset management, research and other services. Headquartered in Nashville, Valkyrie aims to provide exposure to the emerging digital asset class through traditional financial vehicles. Valkyrie is led by seasoned asset managers who have previously launched multiple ETFs, publicly traded funds and Exchange Traded Products, including digital asset funds with backgrounds across Guggenheim Partners, MUFG Investor Services (US), Chicago Board of Trade, Chicago Mercantile Exchange, and the World Bank.For more information on CoinShares, please visit:https://coinshares.comCompany| +44 (0)1534 513 100 | [email protected] Relations| +44 (0)1534 513 100 |[email protected] CONTACTCoinSharesBenoît [email protected]+33 6 72 44 07 17 M Group Strategic CommunicationsPeter [email protected] This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 11AM CET on Friday 12th January 2024.... - 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 presidential race is heating up and crypto continues its bull run, it only makes sense to see the two combine. There have been a variety of crypto projects over the past several months that combine meme coins, crypto, politics and an overall sense of eccentricity. These projects are paving a new asset class that some are calling "PoliFi."\nWhile there have been some popular crypto-political projects in the past, such asTrump Digital Trading Cards, the newest fad has been to create meme coins revolving around presidential candidates. Two of the most recent tokens created are doland tremp (tremp) and jeo boden (Boden). And yes, that is how the tokens are spelled.\nDon\'t Miss:\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\n• About 22% of the adult population in the U.S. own a share of Bitcoin,how much would $10 get you today?\nThe tokens, created on the Solana chain, have seen huge price increases over the past week. Since tremp\'s launch on Feb. 27, the token has gone from $0.0001 to a high of $0.1393 on March 7, marking an increase of 139,200%. Boden was launched on March 3 and has seen a similar price increase. It began trading for $0.00004 but reached a high of $0.076 on March 7. This means that boden appreciated more than 189,900% in just three days.\nThe political meme coins seem to be a way for investors to place wagers on elections. Steven Steele, marketing director ofMAGA Coin (TRUMP), said that PoliFi has "evolved to become this kind of de facto betting market on the election for many investors." TRUMP in particular saw its price appreciate when Trump performed well in primary elections.\nTremp and boden are only two of the many meme coins that have popped up on the Solana chain in the past months. Popular tokens Bonk (BONK) and dogwifhat (WIF) have been hits in the crypto community, garnering huge amounts of attention and investment.\nTrending:Large boom in cryptocurrency and metaverse interest as BTC skyrockets —has Apple Vision Pro increased the demand for virtual real estate?\nThe tokens do not even try to be serious. The websites for bothbodenandtrempare fraught with memes, intentionally misspelled words and crudely drawn pictures of the candidates. However, this may be more of an attractor to the tokens than you may think. While some may view the tokens as a way to wager on the outcome of the election, others see it as a fun game to throw a few extra dollars into.\nA $10 investment into boden when the project first started would be worth $19,000 now. Not too bad for those who were able to get in early.\nWith tons of stories coming out of both crypto and politics, perhaps none are as off center as the recent PoliFi meme coins of tremp and boden.\nRead Next:\n• Bitcoin To $100,000?Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast.\nThelast-standing top crypto exchange without a major security breachoffers what now?\n"ACTIVE INVESTORS\' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n• APPLE (AAPL): Free Stock Analysis Report\n• TESLA (TSLA): Free Stock Analysis Report\nThis articleJoe Biden and Donald Trump Both Have Their Own Memecoins, and They\'re up 100,000%+ This Weekoriginally appeared onBenzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'TheVolatility Shares 2X Bitcoin Strategy ETF (BITX)is surging, sending assets under management in the fund close to the vaunted $1 billion level.\nSince the start of the year, BITX, the first ETF to offer leveraged exposure to bitcoin, is up an incredible 124%, just over double the 61% gain for bitcoin. The cryptocurrency briefly surpassed $69,000 this week, topping the previous record high from November 2021.\nBITX uses CME bitcoin futures contracts to get its exposure and was launched in June 2023, seven months before the monumental SEC approval of spot bitcoin ETFs in the U.S.\nLike most leveraged ETFs, BITX is designed with aggressive traders in mind. Well-timed trades in the ETF can lead to massive returns—just as the fund has delivered over the past eight months.\nBut ill-timed trades can lead to enormous losses that are compounded by the performance decay that comes from daily rebalancing.\nSo far, investors haven’t had to worry about the downside. It’s been straight up for BITX since its launch, a windfall for the traders who have thrown money into the ETF.\nSince its debut, $541 million has flowed into BITX, with $402 million of that coming since the start of 2024.\nThose inflows combined with the fund’s stellar performance pushed assets under management in BITX to $914 million on Wednesday.\nThat makes BITX the seventh-largest ETF targeting bitcoin and the second-largest bitcoin ETF that uses futures, after the $2.9 billionProShares Bitcoin Strategy ETF (BITO).\nBITX’s success has caught the eye of competitors. On February 22, Valkyrie launched a rival product called theValkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX), which currently has $27 million in AUM.\nProShares, Direxion and T-Rex have also filed with the SEC to launch leveraged bitcoin ETFs, though BITX’s first mover advantage probably means that it will remain the largest fund in the category for a long time.\nPermalink| © Copyright 2024etf.com.All rights reserved', 'TheVolatility Shares 2X Bitcoin Strategy ETF (BITX)is surging, sending assets under management in the fund close to the vaunted $1 billion level.\nSince the start of the year, BITX, the first ETF to offer leveraged exposure to bitcoin, is up an incredible 124%, just over double the 61% gain for bitcoin. The cryptocurrency briefly surpassed $69,000 this week, topping the previous record high from November 2021.\nBITX uses CME bitcoin futures contracts to get its exposure and was launched in June 2023, seven months before the monumental SEC approval of spot bitcoin ETFs in the U.S.\nLike most leveraged ETFs, BITX is designed with aggressive traders in mind. Well-timed trades in the ETF can lead to massive returns—just as the fund has delivered over the past eight months.\nBut ill-timed trades can lead to enormous losses that are compounded by the performance decay that comes from daily rebalancing.\nSo far, investors haven’t had to worry about the downside. It’s been straight up for BITX since its launch, a windfall for the traders who have thrown money into the ETF.\nSince its debut, $541 million has flowed into BITX, with $402 million of that coming since the start of 2024.\nThose inflows combined with the fund’s stellar performance pushed assets under management in BITX to $914 million on Wednesday.\nThat makes BITX the seventh-largest ETF targeting bitcoin and the second-largest bitcoin ETF that uses futures, after the $2.9 billionProShares Bitcoin Strategy ETF (BITO).\nBITX’s success has caught the eye of competitors. On February 22, Valkyrie launched a rival product called theValkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX), which currently has $27 million in AUM.\nProShares, Direxion and T-Rex have also filed with the SEC to launch leveraged bitcoin ETFs, though BITX’s first mover advantage probably means that it will remain the largest fund in the category for a long time.\nPermalink| © Copyright 2024etf.com.All rights reserved', 'Top 10 Creations (All ETFs)\n[{"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Net Flows ($, mm)": "1,952.33", "AUM ($, mm)": "497,734.03", "AUM % Change": "0.39%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Net Flows ($, mm)": "788.29", "AUM ($, mm)": "11,448.70", "AUM % Change": "6.89%"}, {"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Net Flows ($, mm)": "685.13", "AUM ($, mm)": "417,060.09", "AUM % Change": "0.16%"}, {"Ticker": "LQD", "Name": "iShares iBoxx USD Investment Grade Corporate Bond ETF", "Net Flows ($, mm)": "627.73", "AUM ($, mm)": "34,352.20", "AUM % Change": "1.83%"}, {"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "414.15", "AUM ($, mm)": "252,283.68", "AUM % Change": "0.16%"}, {"Ticker": "XLY", "Name": "Consumer Discretionary Select Sector SPDR Fund", "Net Flows ($, mm)": "396.62", "AUM ($, mm)": "20,822.89", "AUM % Change": "1.90%"}, {"Ticker": "IYR", "Name": "iShares U.S. Real Estate ETF", "Net Flows ($, mm)": "370.51", "AUM ($, mm)": "4,249.66", "AUM % Change": "8.72%"}, {"Ticker": "MDYG", "Name": "SPDR S&P 400 Mid Cap Growth ETF", "Net Flows ($, mm)": "314.15", "AUM ($, mm)": "2,839.91", "AUM % Change": "11.06%"}, {"Ticker": "KBE", "Name": "SPDR S&P Bank ETF", "Net Flows ($, mm)": "306.95", "AUM ($, mm)": "1,744.01", "AUM % Change": "17.60%"}, {"Ticker": "IBB", "Name": "iShares Biotechnology ETF", "Net Flows ($, mm)": "247.16", "AUM ($, mm)": "7,964.11", "AUM % Change": "3.10%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "VTI", "Name": "Vanguard Total Stock Market ETF", "Net Flows ($, mm)": "-773.46", "AUM ($, mm)": "375,159.98", "AUM % Change": "-0.21%"}, {"Ticker": "JANW", "Name": "AllianzIM U.S. Large Cap Buffer20 Jan ETF", "Net Flows ($, mm)": "-405.43", "AUM ($, mm)": "405.43", "AUM % Change": "-100.00%"}, {"Ticker": "IWM", "Name": "iShares Russell 2000 ETF", "Net Flows ($, mm)": "-366.75", "AUM ($, mm)": "61,746.27", "AUM % Change": "-0.59%"}, {"Ticker": "GBTC", "Name": "Grayscale Bitcoin Trust ETF", "Net Flows ($, mm)": "-332.54", "AUM ($, mm)": "25,373.95", "AUM % Change": "-1.31%"}, {"Ticker": "GLD", "Name": "SPDR Gold Trust", "Net Flows ($, mm)": "-276.72", "AUM ($, mm)": "56,074.72", "AUM % Change": "-0.49%"}, {"Ticker": "XLK", "Name": "Technology Select Sector SPDR Fund", "Net Flows ($, mm)": "-256.89", "AUM ($, mm)": "63,514.36", "AUM % Change": "-0.40%"}, {"Ticker": "XLI", "Name": "Industrial Select Sector SPDR Fund", "Net Flows ($, mm)": "-217.71", "AUM ($, mm)": "17,202.07", "AUM % Change **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: 2024-03-08 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,317,687,723,100 - Hash Rate: 607463925.659525 - Transaction Count: 426928.0 - Unique Addresses: 716770.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.81 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Oil climbed after Iran seized a tanker in the Gulf of Oman, the latest in a run of incidents that could threaten key shipping lanes. Most Read from Bloomberg Google Lays Off Hundreds in Hardware, Assistant, Engineering UK’s Sunak Authorizes Joint Military Strikes With US Against Houthis Hertz to Sell 20,000 EVs in Shift Back to Gas-Powered Cars US, UK Launch Airstrikes on Houthi Rebels After Red Sea Attacks SEC Authorizes Bitcoin-Spot ETFs in Crypto’s Breakthrough West Texas Intermediate rose 0.9% to settle above $72 a barrel after another session of trading in a range wider than $2. The tanker’s capture adds a fresh dose of volatility as the US and allies weigh options for retaliating against Yemen-based Houthi militants for attacks on Red Sea shipping. Despite the tumult in the Middle East, oil has struggled to find a clear direction this year, remaining stuck in a narrow range as traders attempt to gauge crude’s prospects. Brent futures have been unable to break out of a $74-to-$79 channel for weeks despite “very noisy” trading, Ben Luckock, Trafigura’s global head of oil, said on Bloomberg Television. Crude is swinging “$2 every day, but it’s not actually moving,” Luckock said. “We are probably in for a year that is rangebound on prices.” Despite the modest gains so far this year, analysts are turning more pessimistic on oil. Barclays cut its 2024 estimate for Brent by $8, to $85 per barrel, as inventories remain higher than expected and the chance remains that OPEC+ will take longer than anticipated to normalize spare production capacity. There are signs that Saudi Arabia’s recent decision to slash its crude prices is starting to affect the market, too. European refiners will import more oil from the kingdom next month, with at least three processors seeking full contractual volumes, instead of reductions as in previous months. To get Bloomberg’s Energy Daily newsletter into your inbox, click here. --With assistance from Alix Steel and Guy Johnson. Most Read from Bloomberg Businessweek How AI Replaced the Metaverse as Zuckerberg’s Top Priority Trumponomics 2.0: What to Expect If Trump Wins the 2024 Election US Is Weaponizing New Economic Tools to Slow China’s War Machine Five ETFs to Watch in 2024 Kim Kardashian’s Skims Isn’t the Only Celebrity Brand to Watch ©2024 Bloomberg L.P. View comments... - Reddit Posts (Sample): [['u/Tayvu', 'Wtb Szabo Onyx!', 14, '2024-03-08 00:49', 'https://www.reddit.com/r/Currencytradingcards/comments/1b996qq/wtb_szabo_onyx/', 'Starting my offer at $1,500 for it Venmo or btc if someone gets it\n\nAlso interested in golds and sapphires, pm me if you’re selling and maybe we can make a deal 🙏', 'https://www.reddit.com/r/Currencytradingcards/comments/1b996qq/wtb_szabo_onyx/', '1b996qq', [['u/TheModernSkater', 10, '2024-03-08 01:30', 'https://www.reddit.com/r/Currencytradingcards/comments/1b996qq/wtb_szabo_onyx/ktufxcn/', 'I got 2,000 Zimbabwe dollars... I hear those are hot right now 🤣', '1b996qq']]], ['u/tubbybuzz', 'Very excited about this run', 58, '2024-03-08 01:33', 'https://www.reddit.com/r/Currencytradingcards/comments/1b9a2l6/very_excited_about_this_run/', 'I purchased Bitcoin cards with Bitcoin. Thank you Inness ❤️. I expected getting here to be way harder.\n\nLook pretty good together eh!', 'https://www.reddit.com/gallery/1b9a2l6', '1b9a2l6', [['u/tubbybuzz', 14, '2024-03-08 01:34', 'https://www.reddit.com/r/Currencytradingcards/comments/1b9a2l6/very_excited_about_this_run/ktugiyl/', 'Looking for Gold 👀👀👀', '1b9a2l6'], ['u/1redrumemag87', 10, '2024-03-08 01:36', 'https://www.reddit.com/r/Currencytradingcards/comments/1b9a2l6/very_excited_about_this_run/ktugsar/', 'Nice my man! Where that gold at?', '1b9a2l6']]], ['u/NightFran1', 'DRAGOON GOT HACKED, ALL HIS VIDEOS ARE GONE', 49, '2024-03-08 01:51', 'https://www.reddit.com/r/CookieClicker/comments/1b9ahdd/dragoon_got_hacked_all_his_videos_are_gone/', 'Report dragoons yt account it now ran by Bitcoin scammers and dont click on any links. We will get this man back.', 'https://www.reddit.com/r/CookieClicker/comments/1b9ahdd/dragoon_got_hacked_all_his_videos_are_gone/', '1b9ahdd', [['u/Glitchy69420', 18, '2024-03-08 02:09', 'https://www.reddit.com/r/CookieClicker/comments/1b9ahdd/dragoon_got_hacked_all_his_videos_are_gone/ktulu86/', 'How the hell did this happen?! I just my feed and see that I’m subscribed to this channel thinking when I subscribed then I checked the community tab and instantly saw it was Dragoon', '1b9ahdd'], ['u/BetaAdd2000', 10, '2024-03-08 02:48', 'https://www.reddit.com/r/CookieClicker/comments/1b9ahdd/dragoon_got_hacked_all_his_videos_are_gone/kturvo6/', 'I just saw his account seemingly vanish and see MicroStrategy US instead. I thought it was a recommendation bug, but yes his Community Posts prove that it was Dragoon. WE NEED DRAGOON BACK', '1b9ahdd']]], ['u/Due-Albatross-2253', 'Taking profit', 19, '2024-03-08 01:56', 'https://www.reddit.com/r/algorand/comments/1b9al7o/taking_profit/', 'This is just a reminder that if your on chain when you take profit consider reinvesting it.\n\nI recently took my algos that were piling up from incentives and cashed them in on this recent pump.\n\nI converted them into the USDC/ALGO and BTC/ALGO LP.\n\nThis is a great way to take some profit and help liquidity on the chain. Folks also has some strong apy on some stable assets.\n\nLocking in the profits and getting a yield for it is a win win for you and the chain.', 'https://www.reddit.com/r/algorand/comments/1b9al7o/taking_profit/', '1b9al7o', [['u/Certain_Cranberry_77', 28, '2024-03-08 02:16', 'https://www.reddit.com/r/algorand/comments/1b9al7o/taking_profit/ktumw6s/', 'Its like breaking up with your GF but you can still have sex with her once a week. I like it.', '1b9al7o'], ['u/Background-Ad-2102', 18, '2024-03-08 02:25', 'https://www.reddit.com/r/algorand/comments/1b9al7o/taking_profit/ktuo94c/', 'Who’s taking profits before we’ve even stepped into the rocket ship? The moon is still thousands of miles away. We haven’t even started ignition.', '1b9al7o']]], ['u/TopRT2', "Seeing some unrealistic hopum as usual. Here's my take, someone who's balls deep in HBAR and actually believe.", 40, '2024-03-08 01:58', 'https://www.reddit.com/r/Hedera/comments/1b9amgc/seeing_some_unrealistic_hopum_as_usual_heres_my/', 'That dude that has 1M+ hbar predicted $2-$5 minimum this cycle. That\'s cute and all, but here\'s my realistic take. \n\nI\'ve personally invested $550k usd total at 15c average, so I\'m not just a talker, I put my money where my mouth is.\n\nHbar ain\'t gonna "moon" at all this cycle, other than the usual pumps following btc. Maybe ~20-25c max this cycle. Bearish prediction? Not even, it\'s realistic. Hbar\'s "moon" will only happen when the masses know about it. The masses will know about it ONLY when piles of real world use cases pop up that\'s too big to ignore, and that will NOT happen this cycle. Moon is sometime within a decade away, hopefully the next bull cycle after this coming bull cycle.\n\nWhich is fine by me because, so long as you have conviction in your investment, you don\'t give a shit how long it takes, you know the moon will come eventually, and you\'ll be there to capitalize on it. Patience is what leads to success in crypto, speaking from experience.', 'https://www.reddit.com/r/Hedera/comments/1b9amgc/seeing_some_unrealistic_hopum_as_usual_heres_my/', '1b9amgc', [['u/GoSabo', 16, '2024-03-08 02:07', 'https://www.reddit.com/r/Hedera/comments/1b9amgc/seeing_some_unrealistic_hopum_as_usual_heres_my/ktulkvt/', 'Fully agree. But, it’s prudent to keep bag totals confidential.', '1b9amgc'], ['u/freshprinceofbelmont', 37, '2024-03-08 02:08', 'https://www.reddit.com/r/Hedera/comments/1b9amgc/seeing_some_unrealistic_hopum_as_usual_heres_my/ktulnnp/', '![gif](giphy|3oz8xLd9DJq2l2VFtu)', '1b9amgc'], ['u/Usual_Extension_7139', 10, '2024-03-08 02:14', 'https://www.reddit.com/r/Hedera/comments/1b9amgc/seeing_some_unrealistic_hopum_as_usual_heres_my/ktumjjs/', "If hbar can hit 37 cents it has a real shot of hitting 48 ish cents before any real resistance. I'm guessing 46 cents is the top this cycle. I also don't expect it to crash back down to anything lower than 36 if we hit another bear.", '1b9amgc'], ['u/SupeRFasTTurtlE2', 20, '2024-03-08 02:33', 'https://www.reddit.com/r/Hedera/comments/1b9amgc/seeing_some_unrealistic_hopum_as_usual_heres_my/ktupg98/', 'Thing is though, there’s genz involved in HBar and if there’s something they know how to do is use social media to promote their passion(coin). One thing Hedera has stayed away from is advertising, another bull market could generate more advertising. The utility promotes itself, just need eyes to look..', '1b9amgc'], ['u/Expensive-Egg-1561', 10, '2024-03-08 02:44', 'https://www.reddit.com/r/Hedera/comments/1b9amgc/seeing_some_unrealistic_hopum_as_usual_heres_my/ktur9uj/', 'Agree with this sentiment.\n\nBeen on this sub for a few years now. Every time the price jumps 10% in a few days, people get on here and start predicting 3000% increases. \n\n30c optimistic target this bull run.', '1b9amgc'], ['u/MD11X6', 40, '2024-03-08 02:50', 'https://www.reddit.com/r/Hedera/comments/1b9amgc/seeing_some_unrealistic_hopum_as_usual_heres_my/ktus4uk/', 'So you missed ADA going from 2c to $3.50+ last cycle? Sorry, but if ADA can do that, anything can.', '1b9amgc'], ['u/RangeSea7591', 15, '2024-03-08 04:04', 'https://www.reddit.com/r/Hedera/comments/1b9amgc/seeing_some_unrealistic_hopum_as_usual_heres_my/ktv3az3/', "Why do people keeping bringing up outlier cases? It's the exception not the norm.\n\nMy high school friend won the lottery which set her up for life, should I have gone out and purchased a ticket too?", '1b9amgc'], ['u/Shadrock50', 12, '2024-03-08 05:23', 'https://www.reddit.com/r/Hedera/comments/1b9amgc/seeing_some_unrealistic_hopum_as_usual_heres_my/ktveotm/', 'You predict a 2x from here to the market cycle top? If thats the case, why are you in hbar? Just buy btc.', '1b9amgc']]], ['u/thetimsterr', "Worried about buying the top? Don't Be.", 220, '2024-03-08 02:33', 'https://www.reddit.com/r/Bitcoin/comments/1b9bf7y/worried_about_buying_the_top_dont_be/', 'To those "worried" about buying the top...I want to give you some context to show just how low $67k is in the grand scheme of things. \n\nTotal U.S. 401(k) balances stand at around [$6.9T as of 09/30/23](https://www.ici.org/statistical-report/ret_23_q3#:%7E:text=Retirement%20Assets%20Total%20%2435.7%20Trillion,percent%20from%20June%2030%2C%202023.).\n\nIf just 1% of those balances get allocated to Bitcoin, that would be $69B in inflows.\n\nBitcoin ETFs launched in early January of this year as we all know. Since their launch, there have been [net inflows of $7.5B](https://cointelegraph.com/news/bitcoin-etf-inflows-hit-562-million).\n\nSince ETF inception, Bitcoin\'s price has increased from $46k to $67k. Using 19.5M coins as our basis (with 1.5M more to be mined and ignoring lost coins), that translates into a market cap increase of $409B ($897M to $1.3B). $409B / $7.5B inflows = multiplier of 54.6 for each $1B of inflows. \n\n$69B of 401(k) inflows would result in $69B x 54.6 = $3.7T (yes Trillion) increase in market cap.\n\nThat would put Bitcoin\'s total market cap at $1.3T present + $3.7T = $5T, making a new price of $5T / 19.5M coins = **~$256,000 per coin.**\n\nThis is JUST allocating 1% of 401(k) balances. *There are also pension funds, IRAs, and other retirement accounts.* Total U.S. retirement balances were [$35.7T as of 09/30/23](https://www.ici.org/statistical-report/ret_23_q3#:~:text=Retirement%20Assets%20Total%20%2435.7%20Trillion,percent%20from%20June%2030%2C%202023.).\n\nIf you were to allocate just 1% of all retirement balances, the price of one Bitcoin hits **$1M** using the same math described above.\n\nInsane. You are not late. **You are early.**', 'https://www.reddit.com/r/Bitcoin/comments/1b9bf7y/worried_about_buying_the_top_dont_be/', '1b9bf7y', [['u/speedingmedicine', 68, '2024-03-08 02:38', 'https://www.reddit.com/r/Bitcoin/comments/1b9bf7y/worried_about_buying_the_top_dont_be/ktuqaz4/', "Don't forget MSTR possibly being listed on the S&P500", '1b9bf7y'], ['u/SubstantialActive431', 11, '2024-03-08 03:13', 'https://www.reddit.com/r/Bitcoin/comments/1b9bf7y/worried_about_buying_the_top_dont_be/ktuvl... 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:** ['Amsterdam,Netherlands, March 08, 2024 (GLOBE NEWSWIRE) -- This press release, represented by based Brett, marks a significant announcement in the world of cryptocurrency. Crypto has surged back into the spotlight, captivating families worldwide and dominating dinner table conversations. With Bitcoin smashing through all-time highs, ETF approvals flooding in, and notable gains leaving even seasoned Blackrock managers astonished, the excitement is palpable.\nThe big exchanges are no exception when it comes to finding a position. Coinbase, the leading regulatory exchange in crypto, rolled out Basechain in 2023 and earlier this week announced their new smart wallet and ambitions to onboard over one billion users on chain.\nNaturally retail has flocked back to the game, especially to well-known memecoin leaders like DOGE, SHIBA, WIF, PEPE, and FLOKI. All listed on Binance, all performing well this run.\nAs one of the giants of crypto, speculation on what name will lead the Coinbase’s Basechain has been strong so far this March with BRETT, a meme created by Matt Furie - the same designer as PEPE - due to its resonance with the ‘crypto degen culture’. Any doubters of that culture need to look no further than PEPE to see its power.\nPEPE has recently gone from 300M to 3.5BN, WIF 200M to 3BN with a Binance listing.\nThe untapped potential for a meme leader on Basechain is beaming with BRETT hitting 200M this first week of March. First leader + new chain is a potential recipe for another name to be added to the list of meme legends of the crypto space. Traders and retail have begun speculating that BRETT could make a similar move to PEPE and WIF and legacy markets and institutional money doesn’t seem to disagree—plenty of volume for all.\nCheck out BRETT at:\nTg:https://t.me/basedbrettX:https://twitter.com/basedbrettWebsite:https://www.basedbrett.com/\nDisclaimer:The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency & securities.\nCONTACT: Eray Alkan brettonbase at protonmail.com', 'Top 10 Creations (All ETFs)\n[{"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Net Flows ($, mm)": "1,401.77", "AUM ($, mm)": "501,724.02", "AUM % Change": "0.28%"}, {"Ticker": "BOTZ", "Name": "Global X Robotics & Artificial Intelligence ETF", "Net Flows ($, mm)": "554.19", "AUM ($, mm)": "3,334.85", "AUM % Change": "16.62%"}, {"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Net Flows ($, mm)": "435.21", "AUM ($, mm)": "419,669.71", "AUM % Change": "0.10%"}, {"Ticker": "SOXL", "Name": "Direxion Daily Semiconductor Bull 3X Shares", "Net Flows ($, mm)": "394.20", "AUM ($, mm)": "10,947.09", "AUM % Change": "3.60%"}, {"Ticker": "BND", "Name": "Vanguard Total Bond Market ETF", "Net Flows ($, mm)": "384.99", "AUM ($, mm)": "105,489.48", "AUM % Change": "0.36%"}, {"Ticker": "LQD", "Name": "iShares iBoxx USD Investment Grade Corporate Bond ETF", "Net Flows ($, mm)": "380.25", "AUM ($, mm)": "34,863.22", "AUM % Change": "1.09%"}, {"Ticker": "IJH", "Name": "iShares Core S&P Mid-Cap ETF", "Net Flows ($, mm)": "370.05", "AUM ($, mm)": "82,265.33", "AUM % Change": "0.45%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Net Flows ($, mm)": "281.65", "AUM ($, mm)": "12,597.85", "AUM % Change": "2.24%"}, {"Ticker": "IWF", "Name": "iShares Russell 1000 Growth ETF", "Net Flows ($, mm)": "264.03", "AUM ($, mm)": "87,806.77", "AUM % Change": "0.30%"}, {"Ticker": "KRE", "Name": "SPDR S&P Regional Banking ETF", "Net Flows ($, mm)": "227.40", "AUM ($, mm)": "3,000.87", "AUM % Change": "7.58%"}]\nTop 10 Redemptions (All ETFs)\n[{"Ticker": "XLY", "Name": "Consumer Discretionary Select Sector SPDR Fund", "Net Flows ($, mm)": "-682.64", "AUM ($, mm)": "20,066.67", "AUM % Change": "-3.40%"}, {"Ticker": "SOXX", "Name": "iShares Semiconductor ETF", "Net Flows ($, mm)": "-404.20", "AUM ($, mm)": "12,724.62", "AUM % Change": "-3.18%"}, {"Ticker": "IVW", "Name": "iShares S&P 500 Growth ETF", "Net Flows ($, mm)": "-396.09", "AUM ($, mm)": "38,024.74", "AUM % Change": "-1.04%"}, {"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Net Flows ($, mm)": "-285.26", "AUM ($, mm)": "253,682.45", "AUM % Change": "-0.11%"}, {"Ticker": "IWD", "Name": "iShares Russell 1000 Value ETF", "Net Flows ($, mm)": "-277.06", "AUM ($, mm)": "53,948.20", "AUM % Change": "-0.51%"}, {"Ticker": "GBTC", "Name": "Grayscale Bitcoin Trust ETF", "Net Flows ($, mm)": "-276.14", "AUM ($, mm)": "27,238.33", "AUM % Change": "-1.01%"}, {"Ticker": "VUSB", "Name": "Vanguard Ultra-Short Bond ETF", "Net Flows ($, mm)": "-182.71", "AUM ($, mm)": "4,219.52", "AUM % Change": "-4.33%"}, {"Ticker": "VBR", "Name": "Vanguard Small-Cap Value ETF", "Net Flows ($, mm)": "-170.39", "AUM ($, mm)": "27,686.53", "AUM % Change": "-0.62%"}, {"Ticker": "IVV", "Name": "iShares Core S&P 500 ETF", "Net Flows ($, mm)": "-153.67", "AUM ($, mm)": "447,332.45", "AUM % Change": "-0.03%"}, {"Ticker": "JANT", "Name": "AllianzIM U.S. Large Cap Buffer10 Jan ETF", "Net Flows ($, mm)": "-127.25", "AUM ($, mm)": "120.76", "AUM % Change": "-105.37%"}]\nETF Daily Flows By Asset Class\n[{"": "Alternatives", "Net Flows ($, mm)": "-14.35", "AUM ($, mm)": "7,022.68", "% of AUM": "-0.20%"}, {"": "Asset Allocation", "Net Flows ($, mm)": "7.49", "AUM ($, mm)": "17,526.88", "% of AUM": "0.04%"}, {"": "Commodities", "Net Flows ($, mm)": "-204.23", "AUM ($, mm)": "127,961.94", "% of AUM": "-0.16%"}, {"": "Currency", "Net Flows ($, mm)": "396.05", "AUM ($, mm)": "57,936.52", "% of AUM": "0.68%"}, {"": "International Equity", "Net Flows ($, mm)": "291.48", "AUM ($, mm)": "1,435,425.54", "% of AUM": "0.02%"}, {"": "International Fixed Income", "Net Flows ($, mm)": "132.35", "AUM ($, mm)": "174,674.34", "% of AUM": "0.08%"}, {"": "Inverse", "Net Flows ($, mm)": "-289.40", "AUM ($, mm)": "13,578.84", "% of AUM": "-2.13%"}, {"": "Leveraged", "Net Flows ($, mm)": "566.24", "AUM ($, mm)": "92,863.06", "% of AUM": "0.61%"}, {"": "U.S. Equity", "Net Flows ($, mm)": "2,440.24", "AUM ($, mm)": "5,320,583.10", "% of AUM": "0.05%"}, {"": "U.S. Fixed Income", "Net Flows ($, mm)": "1,838.92", "AUM ($, mm)": "1,379,726.37", "% of AUM": "0.13%"}, {"": "Total:", "Net Flows ($, mm)": "5,164.78", "AUM ($, mm)": "8,627,299.28", "% of AUM": "0.06%"}]\nDisclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.\nPermalink| © Copyright 2024etf.com.All rights reserved', 'Toronto, Ontario--(Newsfile Corp. - March 8, 2024) - Bluesky Digital Assets Corp., (CSE: BTC) (OTCQB: BTCWF) ("Bluesky" or the "Corporation") announced today that it has changed its auditors from Raymond Chabot Grant Thorton LLP ("Former Auditor") to Kenway Mack Slusarchuck Stewart LLP ("Successor Auditor") effective March 8, 2024. At the request of the Corporation, the Former Auditor resigned as the auditor of the Company effective March 8, 2024 and the Board of Directors of the Corporation appointed the Successor Auditor as the Corporation\'s auditor effective March 8, 2024, until the next Annual General Meeting of the Corporation.\nThere were no reservations in the Former Auditor\'s audit reports for any financial period during which the Former Auditor was the Corporation\'s auditor. There are no "reportable events" (as the term is defined in National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102") between the Corporation and the Former Auditor. In accordance with NI 51-102, the notice of change of auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the Board of Directors of the Corporation and filed on SEDAR+ atwww.sedarplus.ca.\nThe Board of Directors would like to thank the Former Auditor for their past work and efforts.\nThe Corporation further announced today that it has settled a combined total of $400,000 CAD in debt via the issuance of 8,000,000 Common Shares at a price of $0.05 CAD per Common Share. and an additional $21,129 CAD in debt was settled via the issuance of 813,600 Common Shares at a price of $0.03 CAD per Common Share. All Common Shares issued in the debt settlement are subject to a four month plus 1 day hold period. The issuance of the Common Shares will not result in a change of control of the Corporation.\nAbout Bluesky Digital Assets Corp.\nBluesky Digital Assets Corp, has created a high value digital enterprise at the intersection of Artificial Intelligence, Blockchain and Web3 business solutions. Leveraging its success as an early adopter providing proprietary technology solutions, Bluesky has invested in its Roadmap. Bluesky\'s platform, BlueskyINTEL, is well positioned to leverage the current exponential growth of Artificial Intelligence ("AI") and Blockchain based technologies through a tightly focus built collaborative platform. This innovative web platform offering supports and better enables businesses to adopt and utilize these emerging and developing technologies.\nFor more information please visit Bluesky at:www.blueskydigitalassets.comorwww.blueskyintel.com\nPlease also follow us on Linkedin at:www.linkedin.com/company/bluesky-digital-assets/\nFor further information please contact:\nMr. Ben GelfandCEO & DirectorBluesky Digital Assets CorpT: (416) 363-3833E:[email protected]\nMr. Frank KordySecretary & DirectorBluesky Digital Assets Corp.T: (647) 466-4037E:[email protected]\nForward-Looking Statements\nInformation set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this caut **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: 2024-03-09 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,337,506,579,125 - Hash Rate: 642965064.1720946 - Transaction Count: 359029.0 - Unique Addresses: 632927.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.84 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Chinese equity benchmarks rebounded in afternoon trading, with a jump in turnover in some major exchange-traded funds raising speculation that buying by state funds maybe behind the reversal. Most Read from Bloomberg Blinken’s Return From Davos Was Delayed After Plane Broke Down Apple to Sell Watches Without Oxygen Feature After Legal Setback Pakistan’s Army Strikes Back at Iran as Both Sides Urge Calm Singapore Minister Quits After Biggest Graft Case Since 1986 Dimon Says China Risk-Reward Equation Has ‘Changed Dramatically’ Traded value of the Huatai-Pinebridge CSI 300 ETF surged to 15.3 billion yuan ($2.1 billion) on Thursday, the highest since 2015, while those for Harvest CSI 300 Index ETF and E Fund CSI 300 ETF also saw extraordinary spikes. That coincided with gains in the CSI 300 benchmark of mainland shares, which closed 1.4% higher after declining as much as 1.8%. “The national team is likely stepping to stabilize the market as they have done in previous market crashes,” said Marvin Chen, a strategist at Bloomberg Intelligence. Foreign investors were again net sellers of mainland equities after they dumped 13 billion yuan ($1.8 billion) worth of shares in the previous session, the most in more than a year. READ: China’s Stock Slump Shows No Signs of Let-Up as Risks Abound The rare advance in Chinese gauges comes after selloff extended into the new year amid skepticism over the economy. The latest economic data showed the country’s property crisis deepening, while geopolitical tensions with the US and Beijing’s policy whims continue to put investors on edge. The Hang Seng China Enterprises Index finished the day 0.8% higher, reversing an earlier decline of 0.6%. Down 10% this year, the HSCEI gauge is the world’s worst-performing major index. During previous market slumps, state funds were suspected to be behind increases in the turnover of such ETFs as they stepped in to rescue the market. For instance, Central Huijin Investment Ltd., a sovereign wealth fund, bought an undisclosed amount of ETFs in October and vowed to keep increasing its holdings. READ: Record Turnover in China ETFs Fuels State Buying Speculation Such ETF-driven stock market gains, however, have barely lasted more than a few days. The moves may help improve short-term sentiment but do little to resolve fundamental problems plaguing the market, investors say. (Updates with closing prices.) Most Read from Bloomberg Businessweek The Downfall of Diddy Inc. Japan’s Market Roars Back to Life—With Old-Timers Leading the Way Elon Moves Further Right; Hertz Ditches Tesla The Bitcoin Hype Is Back and About Just as Hollow as Before ©2024 Bloomberg L.P. View comments... - Reddit Posts (Sample): [['u/DivideDistinct9539', 'My father who was skeptical of bitcoin is angry he didn’t put his yearly bonus in bitcoin back in 2019 ', 903, '2024-03-09 00:43', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/', 'Years ago, I tried to talk my dad into putting money into Bitcoin and explaining it to him. He said it was a scam, so I respected his response and left it at that. Well, now that Bitcoin hit 69k, he came home today and asked if any of us had money in Bitcoin. We asked why, and he said, “It’s at 69k,” and now he’s angry he didn’t put his 2019 bonus into it because if he had, he would have made 500k in profit. He said, “I could have retired.” Now he’s pretty upset. I couldn’t help but say, “I told you so,” which I’m sure was annoying. I really wish he had put money into Bitcoin; he deserves to retire. He’s worked so hard his entire adult life to support his family and provide for us. Don’t make the mistake my dad made. Buy and hold. ', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/', '1ba345d', [['u/watchingbigbrother63', 69, '2024-03-09 00:47', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ktztjxx/', "Bitcoin still has a very long way to go. Tell your dad it's not too late.", '1ba345d'], ['u/Itchy-File-8205', 203, '2024-03-09 01:19', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ktzybzt/', "Angry is a bad thing. It means he's an emotional investor and would have sold low or for a loss.\n\nNo sympathy", '1ba345d'], ['u/2LostFlamingos', 26, '2024-03-09 01:20', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ktzyl3d/', 'Second best time to buy is today. \n\nHe can retire next year.', '1ba345d'], ['u/F_uckthe925life', 10, '2024-03-09 01:36', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku00y5p/', "I tried the same with mine back when Bitcoin was 16k he said he was ok he didn't want to buy any. Now at 69k he said he may buy some. \n\nSee it alot, everyone laughs at us when it's low when we're telling them to buy after so much research. But when they see us make money they want to jump on the moving train 😂", '1ba345d'], ['u/Sandcracka-', 16, '2024-03-09 01:38', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku01au3/', "If the price never goes back down and he doesn't buy then you are giving bad advice", '1ba345d'], ['u/organicgrower420', 374, '2024-03-09 02:08', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku05na0/', 'Woulda coulda shoulda', '1ba345d'], ['u/millionmilegoals', 109, '2024-03-09 02:16', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku06tjz/', 'So what did he do with his bonus?\n\nIf he had put it into tech stocks or at the very least the S&P 500 he would’ve done okay too.\n\nI suspect this is one of those things that he wished he should have invested but spent his bonus on a new boat or something and have hindsight regret.', '1ba345d'], ['u/Equal_Classroom_4707', 16, '2024-03-09 02:19', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku07cgu/', 'This is so delusional.', '1ba345d'], ['u/NoElection2224', 42, '2024-03-09 02:22', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku07oar/', 'Anyone who has been in the investment world for some time, not just with Bitcoin, knows that beginners will always have regrets. There are basically four types of regret:\n\n1- Not buying an asset and then after some time it appreciates: I will regret not having bought it.\n2- Buying an asset and then after some time it appreciates: I will regret not having bought more.\n3- Buying an asset and then after some time it depreciates: I will regret having bought it.\n4- Selling an asset and then after some time it appreciates: I will regret having sold it.\n\nThis is a natural passage in the life of every investor, and over time they learn to master this more emotional side.', '1ba345d'], ['u/IArgueWithIdiots', 35, '2024-03-09 02:31', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku08yl5/', "If he hasn't bought any yet, it hasn't clicked for him.\xa0 He'd probably just panic sell next time it drops.", '1ba345d'], ['u/Hank___Scorpio', 24, '2024-03-09 02:31', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku090ic/', "No one cares about the things we didn't do.", '1ba345d'], ['u/Kurupt-FM-1089', 1750, '2024-03-09 02:42', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0alyw/', 'Let’s be real, he wouldn’t sold at the first dip and then blamed you forever.', '1ba345d'], ['u/H_Bowman', 22, '2024-03-09 02:44', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0awma/', "People like this piss me off. I'm guessing he'll refrain from buying now too and will say the same thing in another 4 years 🤮", '1ba345d'], ['u/SpicyHashira', 11, '2024-03-09 02:57', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0crdm/', 'Agreed. I guarantee he would have sold for a loss if he’s getting emotional. Sounds like paper hands to me', '1ba345d'], ['u/shit_master', 18, '2024-03-09 03:07', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0eagt/', "but didn't, so whatever", '1ba345d'], ['u/RealCheyemos', 11, '2024-03-09 03:20', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0g87o/', 'I think those of us in the west have a privileged way of thinking about finances; we don’t see the endless inflation like some of these Third World countries do, plus we’re really used to having private property, rights and freedom of speech, and all of these western freedoms that we take for granted… A lot of that doesn’t existin other countries, actually, a lot of countries…', '1ba345d'], ['u/parkranger2000', 168, '2024-03-09 03:24', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0gozk/', 'Dad doesn’t know shit about BTC and no chance he would e held thru bear market. Son woulda been blamed for losses. This kind of thinking is dumb', '1ba345d'], ['u/Im_so_little', 48, '2024-03-09 03:40', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0j000/', 'He won\'t do it again either when BTC drops again. He\'ll say some shit like "I knew it was worthless" but the floor in the next bear will be 45k or some shit.', '1ba345d'], ['u/Hospitaliter', 32, '2024-03-09 03:48', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0k4zm/', 'My wife does', '1ba345d'], ['u/slugur', 17, '2024-03-09 03:51', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0kks9/', "He would've panic sold at 4k like a paper boy. I hate when people just look at today's price and think they would've held through multiple bear cycles.", '1ba345d'], ['u/NevaGonnaCatchMe', 19, '2024-03-09 03:53', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0kvol/', 'Exactly. This isn’t exclusive to Bitcoin. I considered putting a signing bonus into Tesla in 2013. I sold AMC for a small gain in 2021…blah blah blah\n\nWelcome to investing “dad”', '1ba345d'], ['u/KaydeeKaine', 10, '2024-03-09 04:01', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0m0cx/', 'Probably pre halving dump', '1ba345d'], ['u/GreenStretch', 47, '2024-03-09 04:34', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0qk0t/', "He didn't tell OP, but hookers & blow.", '1ba345d'], ['u/Awkward_Potential_', 11, '2024-03-09 04:43', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0rq2x/', 'Guaranteed he\'s saying he\'s "too late" to it now. So basically, he wants to get rich with no knowledge or insight and wants to do it in a short amount of time with a small amount of money. Lol', '1ba345d'], ['u/watchingbigbrother63', 10, '2024-03-09 04:52', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0t165/', 'Until the price passes $220k.', '1ba345d'], ['u/peekdasneaks', 10, '2024-03-09 04:53', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0t3rp/', 'After this cycle I’ll buy more if it drops to 69. I’ve played the previous ath every time and it has been like clockwork', '1ba345d'], ['u/FirstTimeRedditor100', 35, '2024-03-09 04:58', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0tuoe/', "If his bonus was enough to have made $500K profit since 2019, he must have had an enormous bonus. Which also means he must make a fuckton of money so I don't feel bad at all.", '1ba345d'], ['u/Ahchingchongpeng', 12, '2024-03-09 05:11', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0viql/', 'The only difference is institutions are in now so we don’t know if it will go that low during the next bear .', '1ba345d'], ['u/papa_autist', 373, '2024-03-09 05:28', 'https://www.reddit.com/r/Bitcoin/comments/1ba345d/my_father_who_was_skeptical_of_bitcoin_is_angry/ku0xokh/', 'This is the correct answer.', '1ba345d'], ['u/Dub_City204', 102, '2024-03-09 06:10... 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 Bitcoin\xa0—\xa0and all cryptocurrencies, especially now\xa0— a deep breath is in order before one invests.\nBitcoin hit an all-time closing high on Thursday at $69,294, an astonishing rebound from a crash in 2022 that saw the cryptocurrency fall 77% to $15,800.\nMany assumed the mania would kill bitcoin and other cryptocurrencies generally. Some muttered or yelled words like "Good riddance."\nRelated: \'A lot of people are going to get hurt\' as Bitcoin tests all-time high, top economist warns\nBy the end of 2023, however, bitcoin was back in a big way, closing up 172% on the year to around $43,000. It has risen 61% just this year. And most of that gain started in February.\nNo doubt a terrific gain, although Nvidia(NVDA)is up 77% on the year at $875.28. And that\'s despite a 5.6% slump on Friday.\nBitcoin enthusiasts and promoters are ecstatic with its performance, convinced it\'s heading to $100,000 and ultimately will vie with gold as a way to hedge one\'s wealth against inflation and economic turmoil.\nSkeptics abound, worried bitcoin is getting way too expensive and potentially ruinous to naive investors.\nThe late Charles Munger of Berkshire Hathaway(BRK.B)had no use for Bitcoin.\xa0Cryptocurrency traders were participants in a get-rich-quick scheme, contributing little to civilization, he told one interviewer.\nJPMorgan Chase CEO Jamie Dimon has called Bitcoin a fraud, worthless andno better than a pet rock.\nThere\'s no disputing its volatility. An example: Bitcoin jumped nearly 8% on Monday, dropped 8.6% the next day and rose 8.5% on Wednesday.\nBy many traditional momentum measures, bitcoin at current levels is overbought and increasingly vulnerable to an abrupt selloff.\nIts relative strength index has been largely above 75 since early February, a key measure on whether an investment is overbought.\nAnd yet, bitcoin has enjoyed a huge runup this year. Blame two very specific factors.\nRelated: No, Elon Musk, AI self-awareness is not \'inevitable\'\nFirst, after years of intense lobbying and litigation by Wall Street, nine exchange-traded funds were launched in January aimed at making it easier to invest in bitcoin. (More are expected later.)\nExchange-traded funds are organized to invest in pools of something, usually stocks. In this case, the ETFs were organized to buy into bitcoin and take the risk and costs of taking positions in the crypto off investors\' hands.\nThe ETFs have pulled in more than $52 billion in new money in about two months, far faster than Eric Balchunas of Bloomberg Intelligence was expecting. Balchunas, who covers crypto news,told CoinDesk TVhe\xa0thought it might take three to six months to generate that much cash.\nETFs built around gold took three years to pull in that much cash.\nThe ETFs have all had terrific runs since their opening day of trading on Jan. 11, rising roughly 48% to 52% each.\nThe iShares Bitcoin Trust(IBIT), managed by money-management giant Blackstone, is up 48.5% since Jan. 11.\nPATRICK T. FALLON/Getty Images\nThe biggest ETF, the Grayscale Bitcoin Trust(GBTC),\xa0is up 52% since January.\nThe S&P 500 is up 8.1% this year. The Nasdaq-100 Index, which includes Nvidia, is up 7.4%.\nIn April comes the second big influence on the price of bitcoin. It\'s called halving and works because of the way bitcoin is structured.\nEvery transaction is registered in a block and verified by solving complex math problems using computers. Once the problems are solved, the block goes at the end of what\'s called the blockchain.\nWhen a block goes into the chain,as Quartz explains, it creates a number of bitcoins. Whoever gets a block into the chain gets rewarded with 6.25 bitcoin. Each coin is worth about $388,000. In April, the reward rate is expected to be cut in half to 3.125 bitcoin.\nThe halving, which occurs every four years or so, is expected to occur around April 21 and will fuel a bitcoin price jump.\nAaron Arnold, the co-founder of influential crypto markets channel "Altcoin Daily," believes prices could hit $80,000.\nThat\'s because halving is designed to create scarcity. it\'s like gold, which has a limited global supply and has evolved into an asset investors can use as a hedge against inflation and over-speculation.\nBitcoin was designed to have a limited supply. The original code that created it allows a maximum of 21 million coins, which might take several decades to distribute.\nMore finance news:\n• Veteran analyst unveils bold interest rate prediction\n• 10 personal finance dos and don\'ts from Morningstar\n• Analysts revamp interest rate targets following Fed meeting\nThis explains why Cathie Wood, CEO of ARK Investment Management, seesone bitcoin worth $2.3 millionsometime in the future. She has also more specifically predicted it would rise to $1.5 million by 2030.\nARK Invest manages the\xa0ARK 21Shares Bitcoin ETF(ARKB),\xa0up 48.4% since trading started on Jan. 11.\nWood assumes that Bitcoin will become so valuable that it will represent something on the order of 19% of global investable assets.\nWood\'s projection tells us something about what Bitcoin is not and what Bitcoin is.\n• Bitcoin is not a currency. No matter what anyone tells you, especially crypto supporters. It\'s hard to buy a house, a car, dinner at a good restaurant using bitcoin.\n• Bitcoin is, in fact, a vehicle for speculation.\nBitcoin also tends to track some stock indexes, especially the Nasdaq-100 Index.\nAnd it crashes, like the 77% crash in 2022. Another crash that started in late 2017 saw bitcoin fall 84% over the next year.\nIt displayed its volatility briefly in January, rising 10% in the first eight days on the month and falling 16% over the next 15 days.\nThe chance to make huge gains in short periods of time attracts many naive investors, many Bitcoin critics argue, including Burton Malkiel, author of the influential bookA Random Walk Down Main Street.\n"I can assure you if it goes up to a new high, you’re going to draw people in the FOMO crowd," hetold Sara Silverstein, editor-in-chief of theStreet. "I can’t miss this, and I’m afraid a lot of people are going to be hurt."\n"I\'d pass on Bitcoin for now, despite setting a new high for a fleeting moment. There are more prudent investment opportunities," Adam Spataccowrote on the Motley Fool.\nRelated: Veteran fund manager picks favorite stocks for 2024', 'When it comes to Bitcoin\xa0—\xa0and all cryptocurrencies, especially now\xa0— a deep breath is in order before one invests.\nBitcoin hit an all-time closing high on Thursday at $69,294, an astonishing rebound from a crash in 2022 that saw the cryptocurrency fall 77% to $15,800.\nMany assumed the mania would kill bitcoin and other cryptocurrencies generally. Some muttered or yelled words like "Good riddance."\nRelated: \'A lot of people are going to get hurt\' as Bitcoin tests all-time high, top economist warns\nBy the end of 2023, however, bitcoin was back in a big way, closing up 172% on the year to around $43,000. It has risen 61% just this year. And most of that gain started in February.\nNo doubt a terrific gain, although Nvidia(NVDA)is up 77% on the year at $875.28. And that\'s despite a 5.6% slump on Friday.\nBitcoin enthusiasts and promoters are ecstatic with its performance, convinced it\'s heading to $100,000 and ultimately will vie with gold as a way to hedge one\'s wealth against inflation and economic turmoil.\nSkeptics abound, worried bitcoin is getting way too expensive and potentially ruinous to naive investors.\nThe late Charles Munger of Berkshire Hathaway(BRK.B)had no use for Bitcoin.\xa0Cryptocurrency traders were participants in a get-rich-quick scheme, contributing little to civilization, he told one interviewer.\nJPMorgan Chase CEO Jamie Dimon has called Bitcoin a fraud, worthless andno better than a pet rock.\nThere\'s no disputing its volatility. An example: Bitcoin jumped nearly 8% on Monday, dropped 8.6% the next day and rose 8.5% on Wednesday.\nBy many traditional momentum measures, bitcoin at current levels is overbought and increasingly vulnerable to an abrupt selloff.\nIts relative strength index has been largely above 75 since early February, a key measure on whether an investment is overbought.\nAnd yet, bitcoin has enjoyed a huge runup this year. Blame two very specific factors.\nRelated: No, Elon Musk, AI self-awareness is not \'inevitable\'\nFirst, after years of intense lobbying and litigation by Wall Street, nine exchange-traded funds were launched in January aimed at making it easier to invest in bitcoin. (More are expected later.)\nExchange-traded funds are organized to invest in pools of something, usually stocks. In this case, the ETFs were organized to buy into bitcoin and take the risk and costs of taking positions in the crypto off investors\' hands.\nThe ETFs have pulled in more than $52 billion in new money in about two months, far faster than Eric Balchunas of Bloomberg Intelligence was expecting. Balchunas, who covers crypto news,told CoinDesk TVhe\xa0thought it might take three to six months to generate that much cash.\nETFs built around gold took three years to pull in that much cash.\nThe ETFs have all had terrific runs since their opening day of trading on Jan. 11, rising roughly 48% to 52% each.\nThe iShares Bitcoin Trust(IBIT), managed by money-management giant Blackstone, is up 48.5% since Jan. 11.\nPATRICK T. FALLON/Getty Images\nThe biggest ETF, the Grayscale Bitcoin Trust(GBTC),\xa0is up 52% since January.\nThe S&P 500 is up 8.1% this year. The Nasdaq-100 Index, which includes Nvidia, is up 7.4%.\nIn April comes the second big influence on the price of bitcoin. It\'s called halving and works because of the way bitcoin is structured.\nEvery transaction is registered in a block and verified by solving complex math problems using computers. Once the problems are solved, the block goes at the end of what\'s called the blockchain.\nWhen a block goes into the chain,as Quartz explains, it create **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: 2024-03-10 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,363,372,641,394 - Hash Rate: 564073645.2552733 - Transaction Count: 368196.0 - Unique Addresses: 627815.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.79 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Harvest Global Investments, a major asset-management company in China, applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong's Securities and Futures Commission (SFC) and is in discussions with regulators regarding the city's stablecoin sandbox, according to separate reports byTencent NewsandBloomberg. Harvest Global did not respond to a request for comment. The SFC declined to comment. In December 2023, less than two weeks after nearly a dozen applicants won approval for spot-bitcoin ETFs in the U.S., Hong Kong regulators saidthey were ready to consider applications for spot crypto ETFs. Venture Smart Financial Holdings, a Hong Kong firm, has also said it will file a spot bitcoin ETF application, and hopes to start trading during the first quarter, Bloombergreportedearlier this month. Venture Smart Financial, along with Harvest and RD Technologies, is also among the entities reported to be in discussions with the Hong Kong Monetary Authority (HKMA) about its planned stablecoin sandbox, Bloomberg reported, citing people familiar with the matter. "The sandbox arrangement is intended for fiat-reference stablecoin (FRS) issuers who have a genuine interest in and a reasonable plan on issuing FRS in Hong Kong," an HKMA spokesperson said in an email. "The HKMA is preparing for the launch of the sandbox and will announce relevant details in due course." The HKMA, the central bank stakeholder in the stablecoin efforts of the region, didn't immediately respond to a CoinDesk request for comment. Hong Kong's regulators havepublished proposalsfor supervising stablecoin issuers through alicensing regimefor which feedback is sought by the end of February. Read More:Bitcoin ETFs in and Around Asia After U.S. Approvals? Analysts Are Optimistic About Momentum UPDATE (Jan. 29, 10:16 UTC):Adds responses from HKMA, SFC.... - Reddit Posts (Sample): [['u/GRODT_SHAH', 'Are people sleeping on miners?', 65, '2024-03-10 00:22', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/', "BTC halving is only a month away and all WSB seems to talk about are semiconductor stocks and AI.\n\nAm I crazy here? Surely there is a real opportunity to capitalize.\n\nIt's almost a certainty to me that miners like CLSK, MARA and RIOT will outperform in the coming months. \n\nWhat do you think?", 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/', '1bavdrg', [['u/fenriswulfwsb', 127, '2024-03-10 01:03', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5dk6x/', 'Why is halving good for miners? It effectively doubles their costs', '1bavdrg'], ['u/dacalo', 18, '2024-03-10 01:04', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5do9l/', 'Have you thought about the miners being less profitable with the halving? They will only mine half of what they are getting now but still spend same expense.', '1bavdrg'], ['u/Disastrous_Week3046', 185, '2024-03-10 01:05', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5dqe6/', 'MARA is up 133% over the last 6 months….', '1bavdrg'], ['u/Sea_Bear7754', 89, '2024-03-10 01:07', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5e134/', 'Better on than with.', '1bavdrg'], ['u/speedingmedicine', 14, '2024-03-10 01:10', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5efzb/', 'Miners are about to see profits cut in half and likely need expensive hardware upgrades to continue mining. Not a solid investment. Better off buying the coin.', '1bavdrg'], ['u/blu_id', 24, '2024-03-10 01:14', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5f25v/', 'I don’t have a definitive answer but I’ll tell you my personal experience the last few months. I stopped even looking at them. They used to run on BTC performance but now they will randomly break away for a day or two. Then go back to following corn. And when they are following BTC, it’s a wild ride. Miner stock is like a 0dte BTC option. And a miner option is….wild and unpredictable.', '1bavdrg'], ['u/LaykeTaco', 49, '2024-03-10 01:17', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5fj1l/', 'I think they diluted their shares too… by millions…', '1bavdrg'], ['u/Emotional-Price-4401', 38, '2024-03-10 01:20', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5g0o8/', '... phrasing?', '1bavdrg'], ['u/olivefob', 13, '2024-03-10 01:21', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5g48r/', 'Sleeping on minors is extremely questionable and you need psychiatric help', '1bavdrg'], ['u/iguessineedaname22', 10, '2024-03-10 01:53', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5kszn/', 'Clsk is the play anyways. Just the options aren’t as spicy yet.', '1bavdrg'], ['u/FUWS', 13, '2024-03-10 01:53', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5ktfq/', 'You must be a bag holder pretending to find some gems about MARA and RIOT. People absolutely know about this and you are crazy trying to pretend posting like people ate unaware. \n\nAlso, obvious choice generally means the opposite in the stock market, so it could be sell the news event.', '1bavdrg'], ['u/vwin90', 101, '2024-03-10 01:54', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5kwkt/', 'Here’s the simplified math:\n\nHalving gives you less coins for the same amount of electricity you use. That makes it so that for sure, the value gained from mining will effectively get cut in half.\n\nHowever, halving theoretically makes coins more scarce, so basic supply and demand suggests that the price should then increase.\n\nThe big miners hold a lot of coins, so they’ll be affected by both variables. If the value of bitcoin doubles after the halving, then it won’t matter that they are mining less coins per day since the two effects will cancel each other out. However, while it’s basically guaranteed that the coins will be harder to mine, it’s NOT guaranteed that the value of each coin will double to cancel that out.\n\nIt’s quite possible that bitcoin continues to increase in value but NOT enough to offset the increased cost to mine. It’s also possible that it increases in value so much that increased mining costs are barely a factor. And it’s also possible that it perfectly evens out. Place your bets now!\n\nThe point is: the downside of the halving is guaranteed. The upside is unknown because supply and demand rules don’t always play out in real life like they do on paper.\n\nNow before people get mad at me: the disclaimer is that I heavily simplified the math. It’s more complicated because each miner has an average cost per coin for their stash based on how much energy they used to mine them, so it’s not like btc has to double to 140k for them to break even. Also, stock price is not that strongly correlated to actual value anyways. Neither is the coin value. You’re basically betting on horses here.', '1bavdrg'], ['u/Zaros262', 13, '2024-03-10 02:01', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5lv8j/', "Why would the price of BTC double? 93% of the theoretical max number of bitcoins have already been mined. Even if the last 7% were cancelled and the priced-in inflation disappeared overnight, that's only a 7% boost\n\nThe only thing this does is make new bitcoins take twice as long (twice the expense) to mine", '1bavdrg'], ['u/CoolRunner', 10, '2024-03-10 02:08', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5muvn/', 'When the miners stop diluting people will pay more attention\xa0', '1bavdrg'], ['u/CompooterMadeMeDoIt', 22, '2024-03-10 02:08', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5mx41/', 'why is that?\n\nsee this works with a stock reverse split. theres 100 shares i reverse split it in half, now theres 50 shares and those 50 shares represent the same ownership value as the previous 100 thus their value doubles. \n\nbut the halving is not cutting your existing bitcoin in half. its just making future bitcoins harder to mine.\n\nthis makes your bitcoin more rare, but rarity on its own does not make something valuable. \n\nto assume that the value will automatically double seems presumptuous. this isnt a reverse stock split. nothing changes with the existing pool of BTC already owned.\n\nits also publicly available information which should mean that its already being priced in.', '1bavdrg'], ['u/_mattske', 35, '2024-03-10 02:19', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5oenx/', 'Did you read this question out loud before posting it?', '1bavdrg'], ['u/pshawny', 37, '2024-03-10 02:20', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5ok1e/', 'Most miners have been and will be diluting. Not millions, but hundreds of millions. MARA has a $1.5B at the market offer, meaning they can sell 1.5B of new stock to raise capital. RIOT has a $750M ATM offer.', '1bavdrg'], ['u/Matthiey', 13, '2024-03-10 02:30', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5py9j/', "Ya, that's nice. Very reasonable. Now go explain that to crypto-brodudes who can't understand basic physics or economics. When idiots hold, it creates artificial scarcity.", '1bavdrg'], ['u/brainfreeze3', 13, '2024-03-10 02:31', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5q6hv/', "That's not how the math works the scarcity and value would benefit holders way more than the miners. If they're mining half as much the value of Bitcoin would have to double overnight just for them to break even.", '1bavdrg'], ['u/Zaros262', 10, '2024-03-10 02:42', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5rp74/', 'The last remaining coins aren\'t any different from the rest of the coins though; the miners don\'t have any leverage like that\n\nSeems like this is just "but if everyone refused to sell!" cope, not even relevant to mining costs doubling. But also isn\'t the point of bitcoin that it\'s supposed to be an alternative currency? That doesn\'t work if no one sells it', '1bavdrg'], ['u/Primatene', 12, '2024-03-10 02:53', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku5t93g/', 'this man gets it', '1bavdrg'], ['u/Ok-ChildHooOd', 16, '2024-03-10 05:08', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku6b69x/', "It's not really good for miners but it's good for everyone else as the halving will in theory push the price of BTC up.", '1bavdrg'], ['u/teencrime', 27, '2024-03-10 07:40', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on_miners/ku6s70u/', "In their respective filings with the SEC. The SEC has a platform (named EDGAR) where you can search for all of this information, free of charge\n\n[EDGAR](https://www.sec.gov/edgar/search/)\n\n[MARA's Filings](https://www.sec.gov/edgar/search/#/ciks=0001507605&entityName=MARATHON%2520DIGITAL%2520HOLDINGS%252C%2520INC.%2520\\(MARA\\)%2520\\(CIK%25200001507605\\))\n\n[RIOT's Filings](https://www.sec.gov/edgar/search/#/ciks=0001167419&entityName=Riot%2520Platforms%252C%2520Inc.%2520\\(RIOT\\)%2520\\(CIK%25200001167419\\))", '1bavdrg'], ['u/juventinn1897', 11, '2024-03-10 09:30', 'https://www.reddit.com/r/wallstreetbets/comments/1bavdrg/are_people_sleeping_on... 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:** ['Cathie Wood, CEO of the investment firm ARK Invest, has significantly increased her bullish outlook onBitcoin\'s price trajectory. In a recent interview, sherevealedthat ARK has "brought forward" its previous $1 million price target for Bitcoin by 2030. Wood attributes this shift to the recent approval of spot Bitcoin ETFs in the United States. The surge in interest and investment potential unlocked by these ETFs has prompted ARK to re-evaluate Bitcoin\'s future.\n"That target...it was before the SEC gave us the green light," Wood explained, referring to the Securities and Exchange Commission\'s approval of spot Bitcoin ETFs. "And I think that was a major milestone, and it has pulled forward the timeline."\nWhile Bitcoin has already seen significant price appreciation, Wood believes the party is just getting started. Major financial institutions, like Morgan Stanley or Bank of America, have yet to fully embrace Bitcoin, according to Wood. "No platform has approved Bitcoin yet," she said. "So all of this price action has happened before they approve it, and so we haven\'t even begun."\nThis lack of mainstream institutional involvement suggests even more significant price increases are on the horizon. Wood hinted at a revised price target "well above" $1 million by 2030, but declined to provide a specific figure.', 'Cathie Wood, CEO of the investment firm ARK Invest, has significantly increased her bullish outlook onBitcoin\'s price trajectory. In a recent interview, sherevealedthat ARK has "brought forward" its previous $1 million price target for Bitcoin by 2030. Wood attributes this shift to the recent approval of spot Bitcoin ETFs in the United States. The surge in interest and investment potential unlocked by these ETFs has prompted ARK to re-evaluate Bitcoin\'s future.\n"That target...it was before the SEC gave us the green light," Wood explained, referring to the Securities and Exchange Commission\'s approval of spot Bitcoin ETFs. "And I think that was a major milestone, and it has pulled forward the timeline."\nWhile Bitcoin has already seen significant price appreciation, Wood believes the party is just getting started. Major financial institutions, like Morgan Stanley or Bank of America, have yet to fully embrace Bitcoin, according to Wood. "No platform has approved Bitcoin yet," she said. "So all of this price action has happened before they approve it, and so we haven\'t even begun."\nThis lack of mainstream institutional involvement suggests even more significant price increases are on the horizon. Wood hinted at a revised price target "well above" $1 million by 2030, but declined to provide a specific figure.', 'Jupiter Exchangeintroducesstakingandgovernancefor their token, JUP, whileJito Labsdrops themempooloffering from their product lineup, citing negative externalities toSolanausers. In theCosmos, Nim Network announces the first RollApp to deploy on theDymensionRollApp network.\nTotal Value Locked(TVL) across all chains show no signs of slowing their climb, after closing the fourth positive consecutive week asBitcoinbreaks itsall-time high. Notable outperformers to the trend includeBlur’sL2chain,Blast, and alt-L1chain,Near, which saw TVL increases of 258% and 114% respectively.\nSource:https://coinmarketcap.com/chain-ranking/\nMetaQuant covers the parallels and comparisons between the Gold ETF and the BitcoinETF, how well the Bitcoin ETFs have done and where we can expect the BTC price to move from here based on gold’s historical performance.\nLeverageprotocol,Gearbox, announces their latest product, leveragedUSDeandsUSDe, allowing depositors to take on leverage to earn up to 90x Ethena Labs’ Shards. Deposits will open on 11th March.\nOther Product Launches and Updates\n• Redacted Cartel partners up with interoperability layer, LayerZero, enabling thecross-chaintransfer of theirETHliquid staking token, pxETH, betweenArbitrum,Optimismand theBNB Smart Chain.\nStarkNet-based DeFi suite, Nostra, unveils stSTRK, aliquid stakingtoken for the STRK token. Users can now stake their STRK to receive stSTRK, which allows them to earn points on Nostra as well as claim future staking rewards when StarkNet launches their native staking mechanism.\nAstar Networkofficially launches the Astarzero-knowledgeEthereum Virtual Machine(zkEVM) chain. The chain is an Ethereum L2 built on Polygon’s chain development kit and is also the first chain to integratePolygon’s AggLayer, a layer to seamlessly connect chains together for unified liquidity.\nOther Product Launches and Updates\n• ETH-basedstablecoinprotocol,Ethena Labs integrates with modular L2, Manta Network, to bring USDe to the chain. In the same week, Ethena Labs also integrated with Cosmos-based chain,Injective.\n• The Fraxtal Bridge for Frax Finance’s L2, Fraxtal, is now live. Users can now bridge ETH,FRAX,frxETHand other assets from Ethereum to the Fraxtal mainnet.\n• Perpetualstrading platform,Kwenta, launches Perps V3, which brings to the platformUSDCsupport,cross-margin, better pricing viaPyth’soraclesand support for Coinbase’s L2,Base.\n• Cross-chaindecentralized exchange(DEX),WooFi, has been exploited on Arbitrum, via the WooFi Swap feature, resulting in $8.75 million in losses. The team has halted the product temporarily and all other products are marked as safe to use.\n• Perpetuals DEX,IntentX, releases their latest feature,stop lossand take profit orders, granting trades better control over their orders.\n• Cross-chainmoney marketplatform,Pike Finance, announces the Pike PIU Program (PPP), allowing users to earn the PIU token by lending, borrowing or holding these positions on Pike. Holding the PIU token grants benefits such as whitelist slots for the upcoming PIKE token sale among others.\n• Real-world asset(RWA)tokenizationplatform,Tangible DAO, announces the development of their very own L2, Real, a chain dedicated to RWA tokenization built on Arbitrum Orbit.\nSolanaDEX aggregator, Jupiter, launches their voting platform, enabling JUP token holders to stake their JUP tokens for voting power. Unstaking tokens will require 30 days, with decreasing voting power assigned to tokens that are unstaking. All votes will receive incentives which are derived from launchpad fees.\nSolana liquid staking protocol, Jito, suspends their mempool product offered through the Jito Block engine, in a bid to reduce the negative impact on the average Solana user due tosandwich attacksexecuted through this service.\nSolana money market platform, Kamino Finance, announces the date for their upcomingsnapshoton 31st March, with the genesis token launch coming in April. The token is expected to be utilized for governance, to determine incentive programs, revenue allocation and decisions surrounding risk management and operations.\nInjective launches inEVM, a rollup built on Injective but fully compatible with the EVM. This enables Ethereum-based developers to build applications on inEVM while leveraging the high speeds of Injective. InEVM was designed in collaboration with rollup provider Caldera, supported by Hyperlane andLayerZero.\nNIM Network, the first RollApp to launch on Dymension, introduces itself. NIM Network is a RollApp focused on the intersection of crypto and gaming, powered by Dymension and leveragingCelestiafordata availability.\nInteroperabilityinfrastructure layer, Wormhole, releases the eligibility checker for the W tokenairdrop. Users who have utilized cross-chainbridgessupported by Wormhole will be eligible for the airdrop.\nOptionand perpetuals DEX, Aevo, will be launching their token on March 13th, with an airdrop to users who qualified as part of their Farming Program which has been ongoing for the past month.\nAutomated chain deployment protocol, Saga, opens up claims for the SAGA token airdrop. Eligible users includeAvalanche, Celestia, Cosmos and Polygon stakers, as well as community participants and winners of their past game tournaments.\nGambleFi protocol, Shuffle, releases the airdrop allocation for eligible users of the SHFL airdrop. Users who have wagered on the platform since its launch will qualify for the airdrop. The token will be open for claiming after the token sale.\nAs every coin rebrands into an AI coin, Qiao Wang of AllianceDAO reminds us that while we can capitalize on and trade these worthless AI coins, we must remain aware of what game we are playing: the AI trade or thememecointrade.\nStay updated on your favorite projects and stay tuned for next week’s edition, and keep supporting your favorite projects,degens!', '• The leading cryptocurrency topped $71,000, while ether crossed $4,000.\n• The U.K.\'s FCA removed objections to crypto-based ETNs, opening the gates for more institutional involvement in crypto.\n• The Bank of Japan could lift the benchmark interest rate above zero this month.\nBitcoin {{BTC}} crossed $71,000 for the first time ever during the Asian trading hours on Monday.\nThe leading cryptocurrency has been steadily rising since the approval of the spot bitcoin exchange-traded funds in the U.S. The token crossed $70,000 for the first time ever last week. Ether {{ETH}} also crossed $4,000 on Monday. Meanwhile, the broader CoinDesk 20 index (CD20) jumped nearly 1%.\nThe rally has lifted the annualized three-month futures premium on major exchanges, including Binance, to above 25%. The elevated premium could attractcash and carry traders, boosting overall market liquidity.\nFounders of newsletter service LondonCryptoClub attributed the price rise to the London Stock Exchange’s decision to accept applications for bitcoin and ether exchange-traded notes (ETNs) and the illiquid Asian market conditions.\n"It’s a confluence of factors. Asia is buying in an illiquid market coupled with continued positive news, with the London Stock Exchange just announcing it will take applications for BTC and ETH ETNs. The powerful demand-supply dynamic from the BTC ETFs continues unabated," founders said.\n"Meanwhile, the macro, wh **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: 2024-03-11 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,410,981,645,031 - Hash Rate: 670577060.7929822 - Transaction Count: 394098.0 - Unique Addresses: 684136.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.82 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • Bitcoin’s implied volatility has crashed since the SEC’s approval of spot ETFs, a lesson for volatility traders as the focus shifts to ether ETF optimism. • Traders looking for clues on how ether may perform ahead of and following the potential ETF launch later this year may want to track how options are priced. Nearly a dozen spot bitcoin [BTC]exchange-traded funds(ETFs), assets that invest in the actual token, began trading in the U.S. on Thursday. The highly-anticipated investment products came into effect after years of wait as the Securities and Exchange Commission (SEC)approvedthem on Wednesday. While several things happened in the weeks leading up to their debut, some related to implied volatility and the options market are worth noting as speculators look at ether [ETH] as the next likely candidate for a spot ETF approval. Implied volatility represents investors' expectations of price turbulence and positively impacts the prices of call and put options. A call allows buyers to profit from or hedge against price rallies, while a put offers protection against price slides. When facing a binary event such as the earning’s date in a stock or the SEC’s decision on spot ETF applications, traders tend to buy options to build a “long vega” position that benefits from increases in implied volatility. The strategy, however, exposes traders to a potential post-event crash in volatility and the resulting slide in options prices. That’s precisely what happened in the bitcoin market, a lesson for ether traders that holding a long volatility exposure on the day of the ETF announcement may be risky, according to crypto quant researcher Samneet Chepal. "It’s a sea of red for vols right now. Something to remember with the ETH ETF story unfolding. Price action usually ramps up well before the big day, but volatility often spikes just as the event draws closer. By the time of the actual announcement, being net long vol might not be ideal,” crypto quant researcher Samneet Chepal said on X. “For the ETH ETF, considering a short vega (vol) position could be viable as we’ve been down this road with the BTC ETF, giving us a bit of insight into what might be coming up,” Chepal added. While bitcoin’s price began rallying on ETF optimism in early October, the annualized seven-day implied volatility kicked into high gear this month, reaching 96% ahead of the SEC’s approval. But since then, it has collapsed to 52%. Bitcoin rallied over 60% in the three months leading up to the ETF launch. Still, the consensus view early this week dismissed the possibility of asell-the-factpullback following the Jan. 10 launch, calling an unabated rally. Options, however, warned of a post-approval cooling period. Early this week, bitcoin putsbegan tradingat a premium to calls, in a sign of sophisticated market participants seeking protection against price drops. Bitcoin rose from $46,000 to above $49,000 after the spot ETFs began trading Thursday. However, the pop was short-lived, and prices have retreated to nearly $46,000 since then. Therefore, traders may want to keep track of how ether options are priced as they speculate on the potential launch of an ether spot ETF. Several firms have filed applications for spot ether ETFs, including BlackRock, in November 2023. The earliest deadline for approvals is in May for VanEck’s ETF, followed by BlackRock’s in August.... - 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:** ['Thanks to the meteoric rise ofcryptocurrencies– particularly Bitcoin’s (BTC-USD) freshly inked all-time high – it was inevitable that exchange and digital wallet service Coinbase (NASDAQ:COIN) would enjoy downwind benefits. However, as its own business entity, Coinbase features its own distinct risk-reward profile. As such, a short-term trading approach may be preferable as investors ride this wave. I lean bullish on COIN stock based on the data.\nUndeniably, COIN stock has been a strong asset for bullish speculators. Since the beginning of the year, shares have gained almost 64%. Over the past 52 weeks,they gained nearly 330%, a remarkable ascent. Obviously, the optimism aligns with the underlying cryptocurrency market.\nAs an accessible platform, Coinbase is effectively the gateway for everyday investors to participate in the crypto narrative. Because of its custodial nature, the company helps to mitigate some of the harsh pain points of the crypto ecosystem, including lost passwords that have locked out people from millions of dollars worth of crypto riches.\nStill, virtual currencies suffer from an ongoing legislative question about how to regulate them. Further, crypto exchanges can just implode overnight. Without regulation, there is no protection—and that, of course, frightens prospective crypto investors. So, COIN stock offers an alternative, thanks to its general correlation with the blockchain ecosystem.\nGenerally, I believe in this narrative. However, I would also be remiss not to point out some concerns about COIN stock.\nFirst and foremost, Coinbase is its own business. And that means that even if cryptos soar to even more blistering heights, if Coinbase incurs problems unique to the organization, then COIN stock is liable to “break” the positive correlation.\nSecond,legal questionshang over the company, even if the blockchain space enjoyed a major win with the approval ofspot Bitcoin ETFs. Therefore, during some cycles, COIN stock might not reliably correlate with the crypto market.\nThird, TipRanks currently notes that itsInsider Confidence Signalsits at “negative.” Most conspicuously, Coinbase Chairman and CEO Brian Armstrong placed an Informative Sell on COIN stock last month. To be fair, executives sell their shares for a variety of reasons, many of them mundane. Nevertheless, the move may raise some ambiguity over COIN’s future trajectory.\nFor those investors who want to participate in COIN stock but are unsure about making a long-term commitment, a short-term approach may be preferable. Two main advantages exist for this line of thinking.\nFirst, traders focus on the immediate sentiment of the market without getting bogged down with wider fundamental issues. Second, the exposure is limited in case of severe volatility: this is a quick-in, quick-out approach rather than a buy-hold-hope approach.\nTo get the most out of COIN stock for short-term trading, investors may want to consider conditional probability analyses — that is, probabilities calculated on the basis of another event occurring.\nThere are many ways to approach conditional probabilities, but one that I find helpful with COIN stock is trading based on whether the opening price of a session is above or below the prior session’s closing price. Between October 2 and March 8, there have been 110 sessions, with 52 sessions seeing the opening price in the red.\nAmong the 52 sessions, 30 saw the closing price end up higher than the opening price. That means roughly 58% of the time, based on recent trading dynamics, traders can look for the buy signal (COIN stock opening lower than the prior day’s price) and potentially have better-than-coin-toss odds of winning.\nEven better, during the last five times the “opener-down, closer-up” pattern materialized, COIN stock enjoyed an average same-day return of 2.24%.\nLeveraging this information, traders can plug in key assumptions in an options calculator to determine the prospective trade’s viability. As well, they can input hypothetical downside price targets to understand the possible risks and rewards.\nAround April 19, Bitcoin will undergo what’s known as ahalving event. To make a long story short, the rewards for mining the cryptocurrency will be halved. Theoretically, this event should negatively impact supply against a hot commodity. That should be bullish on paper.\nNevertheless, there’s also the fear of “buy the rumor, sell the news.” It’s quite possible that after the halving, cryptos could sharply correct. Interestingly, the put/call volume ratio forCOIN stock optionsspiked to 3.19 for derivatives expiring on April 26.\nSo, word to the wise: the crypto market may continue to undergird an upward bias in COIN stock up until the halving. After the event, there may be some near-term choppiness or outright volatility.\nTurning to Wall Street, COIN stock has a Hold consensus rating based on nine Buys, nine Holds, and five Sell ratings. Theaverage COIN stock price targetis $182.95, implying 28% downside risk.\nWith cryptocurrencies soaring, COIN stock has ridden the sector’s coattails. The data is clear about that. However, outside fundamentals present some questions about buying and holding Coinbase shares. To mitigate these concerns, traders may consider a short-term approach by exploiting the upward bias in the security.\nDisclosure', "BEIJING (AP) — Shares were mostly higher in Asia on Tuesday ahead of a report on inflation in the U.S. that could sway the Federal Reserve’s timing on cutting interest rates.\nU.S. futures and oil prices were higher.\nJapan's Nikkei 225 lost 0.6% to 38,586.92, retreating further from its recent record highs as expectations build that the central bank will raise its negative benchmark interest rate next month.\nThat speculation has pushed the Japanese yen higher against the U.S. dollar. Early Tuesday, the dollar was trading at 147.40 yen, up from 146.95 yen. Recently the dollar was trading at about 150 yen.\nChinese markets were mixed, with Hong Kong's Hang Seng up 1.2% at 16,781.91, while the Shanghai Composite index slipped 0.4% to 3,056.35.\nElsewhere in Asia, the S&P/ASX 200 edged 0.1% higher to 7,712.20. South Korea's Kospi advanced 04% to 2,671.26.\nOn Monday, the S&P 500 slipped 0.1% to 5,117.94, remaining near its all-time high set Thursday.\nPrices have been buoyed by expectations that cuts to interest rates are coming this year and by signals that the economy remainsremarkably resilient.\nThe Dow Jones Industrial Average rose 0.1% to 38,769.66 and the Nasdaq composite fell 0.4% to 16,019.27.\nTuesday’s report on prices Americans pay could show inflation remained at 3.1% in February, if economists’ forecasts are correct.\nA month ago,a hotter-than-expected reporton inflation at the consumer level sent financial markets spinning.\nBut the trend for inflation has been mostly downward, cooling toward the Fed’s 2% target from its peak above 9%. Fed Chair Jerome Powell Jerome Powell said last weekthe Fed is “not far”from getting enough confidence about inflation to begin cutting rates. Cuts to the Fed's main interest rate, which is at its highest level since 2001, would relax pressure on the economy and financial system, while goosing investment prices.\nThe general expectation among traders is that the Fed will begin cutting rates in June.\nExpectations for easier interest rates have helped the price of gold rally to a record. When bonds pay less in interest, investors lose out on less income by owning gold instead. Gold for delivery in April ticked up by $3.10 to settle at $2,188.60 per ounce. Gold prices are up about 17% over the last 12 months.\nBitcoin, which proponents sometimes pitch as “digital gold,” also rallied to another record. It rose to nearly $73,000 after sitting below $17,000 at the start of last year. It's more than bounced back from its prior prior peak of nearly $69,000.\nOn Wall Street, Oracle rose 1.5% before it released its latest earnings report after trading finished for the day. Its profit topped analysts' expectations, and its stock rose more in afterhours trading.\nOn the losing end was natural-gas producer EQT, which sank 7.8% for the biggest drop in the S&P 500. It said it will buy Equitrans Midstream and its gas transmission and storage systems in an all-stock deal that values the combined company at $35 billion. Equitrans Midstream rose 1.5%.\nNvidia swung through a shaky day after coming off a 5.5% drop on Friday, which was its worst day since May. Nvidia is still up more than 70% this year after more than tripling last year amid a frenzy on Wall Street around artificial-intelligence technology.\nThe rally has caused Nvidia to swell in size, and it’s become the third-largest stock on Wall Street. That gives its stock movements outsized sway on the S&P 500, and it’s been getting criticism that its stock ran too high, too fast. After flipping earlier between losses and gains, Nvidia's stock dropped 2% to act as one of the heaviest weights on the S&P 500.\nRedditsaid it may raise up to $748 million through the sale of stock to investors on an exchange for the first time. The social media company expects its stock to trade under the “RDDT” ticker symbol.\nIn other trading early Tuesday, U.S. benchmark crude oil was up 15 cents at $78.08 per barrel in electronic trading on the New York Mercantile Exchange. It fell 8 cents to $77.93 per barrel on Monday.\nBrent crude, the international standard, added 18 cents to $82.39 per barrel.\nThe euro rose to $1.0938 from $1.0927.\n___\nAP Business Writers Stan Choe and Matt Ott contributed.", '• US stocks were mostly lower on Monday as investors await a key February inflation report.\n• The February CPI report will be released Tuesday morning, and it will help inform when the Fed might cut interest rates.\n• CPI year-over-year is expected to hit 3.1%, which is just above the Fed\'s long-term 2% target.\nUS stocks traded mostly lower on Monday as investors awaited the release of 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: 2024-03-12 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,414,829,687,700 - Hash Rate: 556184503.3635911 - Transaction Count: 341867.0 - Unique Addresses: 677201.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.81 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Mehdi Wetterwald, who was briefly co-head of battery metals at Trafigura Group, is leaving the trading house in the latest senior departure from its metals unit. Most Read from Bloomberg YouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining Netflix Ford Cuts Workforce Making Electric F-150s on Weak Demand Putin Orders Hunt for Property of Russian Empire, Soviet Union Blinken’s Return From Davos Was Delayed After Plane Broke Down China’s Biggest Broker Curbs Short Sales After Stock Rout Wetterwald, who joined Trafigura in 2012, was appointed to run global nickel, cobalt and lithium trading as co-head alongside Daniel von Arx last February, in the wake of the revelation of a massive alleged nickel fraud against the company. Last autumn, von Arx was named the sole head of the division. Wetterwald is leaving the company for personal reasons, according to people familiar with the matter, who asked not to be identified as the matter isn’t public. He’s the latest senior figure to depart the metals division, after a period marred by the nickel losses and the financial woes of a Congolese copper-cobalt project backed by Trafigura. In the past twelve months, senior departures have included Socrates Economou, the previous head of nickel and cobalt trading; Kostas Bintas, the head of copper and former co-head of metals; Simon Grenfell, the head of metals business development; and Svetlana Kabanova, the head of metals operations. Still, in its annual report last month, Chief Executive Officer Jeremy Weir described Trafigura’s metals performance as “robust,” and the company noted that the unit’s profits would have been above the previous three-year average without the nickel loss. Most Read from Bloomberg Businessweek The Downfall of Diddy Inc. How Sweden Quit Smoking Without Quitting Nicotine The Bitcoin Hype Is Back and About Just as Hollow as Before Japan’s Market Roars Back to Life—With Old-Timers Leading the Way ©2024 Bloomberg L.P.... - Reddit Posts (Sample): [['u/InevitableNetwork230', 'Gemini to clarify return of assets and meaning of appreciation', 20, '2024-03-12 00:14', 'https://www.reddit.com/r/Gemini/comments/1bchnh2/gemini_to_clarify_return_of_assets_and_meaning_of/', 'We need explanation from Gemini. Our pending balance is according to the date we moved to withdraw our funds. They do not reflect the interest that should have been paid. Genesis filled for bankruptcy on Jan 20 2023. So our pending balance should at minimum include that portion.\n\nInterest until bankruptcy \\~ 1.4% if you filled early November.\n\nAccounting to the date of this post, we should have gotten 10% interest. Gemini said the put 100M of their money, and my understanding is that Genesis is returning 100% back. We should get the interest appreciation of our funds.\n\nIt is unclear if their post mean we will get our total fund with their appreciation (1BTC -> 1BTC, 1USD -> 1USD), or we will get the total funds plus the interest appreciation (1BTC -> 1.10BTC, 1USD -> 1.10USD)', 'https://www.reddit.com/r/Gemini/comments/1bchnh2/gemini_to_clarify_return_of_assets_and_meaning_of/', '1bchnh2', [['u/Business-Nail6885', 17, '2024-03-12 00:48', 'https://www.reddit.com/r/Gemini/comments/1bchnh2/gemini_to_clarify_return_of_assets_and_meaning_of/kug32su/', "Whatever your pending redemption says includes any interest that you have earned. That is how much you're going to get back. They haven't mentioned anything about retro interest so I'm not expecting it. Appreciations is on your coins. If they are more valuable now than they were when they were taken hostage by Barry Shitbert and the gang, then when you get them back you can sell them for the current market price and that upside is your appreciation. No one can take that from you since we should getting reimbursed in kind. So if you have one Bitcoin coin you get .97 back in a few months and .03 back in another year.", '1bchnh2'], ['u/Anti-Hypertensive', 54, '2024-03-12 01:54', 'https://www.reddit.com/r/Gemini/comments/1bchnh2/gemini_to_clarify_return_of_assets_and_meaning_of/kugdk7w/', "I'm of the mindset that we are lucky to even be getting a portion of our assets back, let alone what amounts to 100% over the next year. This is one of those situations where I just want my money back and to move on from this.", '1bchnh2']]], ['u/meowmeowdj', 'Our BTC HODL alone is now worth more than our entire market cap', 37, '2024-03-12 00:16', 'https://www.reddit.com/r/hut8/comments/1bchpko/our_btc_hodl_alone_is_now_worth_more_than_our/', "9,110 BTC Value = **$662.75 M**\n\nHUT 8 Market Cap = **$629.86\u202fM\u202c**\n\nHODL Value = **105% of the company's value**\n\nDo with this information as you please. I for one, am backing the truck up.", 'https://www.reddit.com/r/hut8/comments/1bchpko/our_btc_hodl_alone_is_now_worth_more_than_our/', '1bchpko', [['u/Theflyingdutchman85', 20, '2024-03-12 00:24', 'https://www.reddit.com/r/hut8/comments/1bchpko/our_btc_hodl_alone_is_now_worth_more_than_our/kufzb2k/', 'I like the stock', '1bchpko'], ['u/Double_Flamingo_4304', 10, '2024-03-12 01:22', 'https://www.reddit.com/r/hut8/comments/1bchpko/our_btc_hodl_alone_is_now_worth_more_than_our/kug8aty/', 'Great time to buy at current prices imo, but what the fuck do I know.', '1bchpko'], ['u/Selfadvisor2023', 13, '2024-03-12 02:30', 'https://www.reddit.com/r/hut8/comments/1bchpko/our_btc_hodl_alone_is_now_worth_more_than_our/kugjdp3/', 'The reason why hodl value > marketcap is the debt, you have to add it to the marketcap or reduce the hodl value with the debt amount. As per what I found it is arround 150millions USD, may be more and with the existing mining machines, not sure if we can have profitability. The 2 previous annoncement of 3,5 EXH in texas and closing of drumhealler site are good to stop losses. Even if they are moving existing machines that’s better than nothing and they have no choice to invest in new sites and buy ne machines in the comming months. Just my opinion, at the current price, it is the best minner to buy.', '1bchpko'], ['u/r66yprometheus', 10, '2024-03-12 02:34', 'https://www.reddit.com/r/hut8/comments/1bchpko/our_btc_hodl_alone_is_now_worth_more_than_our/kugk1u4/', "Once we see the market value of btc on our quarterly, we'll start to see some movement.", '1bchpko']]], ['u/nalydnalydnalyd', 'Are we thinking ETH will bounce off of its ATH in the same way Bitcoin did?', 26, '2024-03-12 00:17', 'https://www.reddit.com/r/ethtrader/comments/1bchq7f/are_we_thinking_eth_will_bounce_off_of_its_ath_in/', 'Bitcoin hit a massive sell wall at its previous ATH and dipped around 7% shortly after last week. Is it a good possibility ETH will do the same around the $4700 mark?', 'https://www.reddit.com/r/ethtrader/comments/1bchq7f/are_we_thinking_eth_will_bounce_off_of_its_ath_in/', '1bchq7f', [['u/rundown03', 11, '2024-03-12 00:38', 'https://www.reddit.com/r/ethtrader/comments/1bchq7f/are_we_thinking_eth_will_bounce_off_of_its_ath_in/kug1hov/', "Wait untill Dencun update hits. It's gonna go through the roof.", '1bchq7f'], ['u/Kappatalizable', 13, '2024-03-12 00:58', 'https://www.reddit.com/r/ethtrader/comments/1bchq7f/are_we_thinking_eth_will_bounce_off_of_its_ath_in/kug4il2/', 'People will take profits and thats expected. We might take a few tries to break it like BTC did...', '1bchq7f'], ['u/Friendly-Airline2426', 25, '2024-03-12 01:06', 'https://www.reddit.com/r/ethtrader/comments/1bchq7f/are_we_thinking_eth_will_bounce_off_of_its_ath_in/kug5wpu/', 'Tech upgrades rarely have a direct impact on the price, though.\n\nBut I guess there’s always a first time.', '1bchq7f']]], ['u/Infamous_Bee_7445', 'I’ve made 400k in the last week on BTC, AMA', 55, '2024-03-12 00:46', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/', 'As title states, through a series of extremely fortunate trades and timing the market, I’ve turned a mere $45k into $400k+ and counting. AMA!', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/', '1bcifrt', [['u/Skillet918', 18, '2024-03-12 00:53', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug3r1g/', 'Neat', '1bcifrt'], ['u/Jacobinister', 14, '2024-03-12 00:57', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug4el6/', 'If after several hundreds of years of maintenance each individual piece of a ship was replaced, one after the other, is it still the same ship?', '1bcifrt'], ['u/Skillet918', 19, '2024-03-12 00:58', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug4k8v/', 'lol are you for real a mod for a sub dedicated to Apple vision porn?\xa0', '1bcifrt'], ['u/i-can-sleep-for-days', 37, '2024-03-12 00:59', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug4s7c/', 'So you gambled? The price didn’t go up 10x last week so you must have leveraged.\n\nThen you come here and gloat because of survivor bias? There are also lots out there that lost just as much on bitcoin then.\n\nAlso, proof or ban. \n\nAlso, unless you sold, paper gains don’t count.', '1bcifrt'], ['u/Infamous_Bee_7445', 60, '2024-03-12 01:01', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug5309/', 'I leveraged yes! I was able to get 4x on coinbase by showing them equity in my family’s home. I have not been able to sell yet, due to a “account verification action required” on my account before the sale, but I will just contact BBB if it doesn’t work out in time and they will help :)', '1bcifrt'], ['u/Skillet918', 57, '2024-03-12 01:04', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug5lx2/', 'Damn you had me till this post, now I’m on to you.\xa0', '1bcifrt'], ['u/blaktronium', 10, '2024-03-12 01:04', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug5ly9/', 'You put your home equity up as collateral for a leveraged market bet?\n\nIf your risk tolerance is that high you can make a lot more than 10x gains gambling on options.', '1bcifrt'], ['u/Fictional-adult', 13, '2024-03-12 01:05', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug5qoc/', '>\xa0due to a “account verification action required” on my account before the sale, but I will just contact BBB if it doesn’t work out in time and they will help :)\n\nWait, now I really can’t tell if you’re actually just making fun of crypto. Is this actually just a meta troll?', '1bcifrt'], ['u/Infamous_Bee_7445', 31, '2024-03-12 01:17', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug7in5/', 'Yes my wife is upset since if it goes wrong my two young kids and her will be on the street or in a generally shittier situation if nothing else, but I’ve told her I can’t possibly stand for them to live in the world where existing fiat currencies exist I’d rather have no house lol', '1bcifrt'], ['u/Golfman74', 27, '2024-03-12 01:17', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug7n11/', 'This is perhaps the funniest thing I’ve read in a while LMAO. The gloat of winning with the nervous awkwardness of the reality of not being able to access said winnings.', '1bcifrt'], ['u/muff-muncher-420', 10, '2024-03-12 01:18', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug7pj2/', 'Nice. Love how you’ve rolled recent crypto events into the troll. Top shelf', '1bcifrt'], ['u/Infamous_Bee_7445', 10, '2024-03-12 01:25', 'https://www.reddit.com/r/Buttcoin/comments/1bcifrt/ive_made_400k_in_the_last_week_on_btc_ama/kug8tfg/', 'Hi there! I think it’s important to provide evidence. Far to easy for people to make outlandish claims, so here you [go](http... 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 has been on a tear in 2024. Over the past several weeks, the token has reached multiple new highs. While many factors have contributed to this buying pattern, one of the more interesting elements of the recent run is the approval of spot Bitcoin exchange-traded funds (ETFs).\nDon\'t Miss:\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\n• Bitcoin has jumped another 45% already this year –how much would you need to get started today?\nThe ETFs began trading on Jan. 10 after months of negotiations and meetings. The release of the funds brought in a whole new host of investors, which forced the ETF sponsors to continue buying Bitcoin to meet the demand. For example, Bank of America Corp.\'sMerrill division and Wells Fargo& Co.recently allowed their wealth management clients to buy the ETFs.\nThese new investors have caused the ETFs to engage in consistent and growing buying activity since January. BlackRock\'s ETF (IBIT) has seen over $10 billion in net inflows since launching. This means that BlackRock has bought over $10 billion worth of Bitcoin in the last two months, partially contributing to the meteoric rise in price.\nAll of the funds have seen positive net inflows since launch except the Grayscale Bitcoin Trust (GBTC), which was converted from a futures-linked ETF into a spot ETF. This ETF has seen over $10 billion of net outflows since launch, mostly because of the arbitrage opportunities that were available and its high fees. However, across all spot ETFs, there have been net inflows of nearly $10 billion. Many are considering the launch to be the most successful first two months for any ETF in history.\nWhile this may not seem like a lot in terms of the total volume for Bitcoin, it could be large enough to tip the balance between buyers and sellers. Additionally, the rate of buying is speeding up for IBIT and other ETFs, while the outflows for GBTC are slowing.According to CryptoQuant Founder Ki Young Ju, if this trend continues, "We\'ll see a sell-side liquidity crisis within six months."\nTrending: Bitcoin To $100,000?Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast.\nA sell-side liquidity crisis would mean that there are not enough sellers to suppress the price of Bitcoin. This could send the price soaring. According to Ju, this could mean that the "cyclical top may exceed our expectations due to limited sell-side liquidity and thin orderbook." The driving force behind this is mining wallets accumulating and holding their tokens, effectively decreasing the amount of tradeable supply.\nAnother important topic to consider is the upcoming Bitcoin halving. This event, expected to occur in April, will lower the amount of Bitcoin that is mined by half. So, the total amount of Bitcoins mined each day will go from around 900 to 450. This could create less selling pressure, as the miners are theoretically selling less BTC each day. However, some believe that the recent run in Bitcoin is the market pricing this in, and the event could have little to no effect on the price of Bitcoin.\nWith Bitcoin booming, this could be an inflection point. Sellers could either see this as an opportunity to dump some of their tokens before the halving, or a sell-side liquidity crisis could send Bitcoin to new heights.\nRead Next:\n• Large boom in cryptocurrency and metaverse interest as BTC skyrockets —has Apple Vision Pro increased the demand for virtual real estate?\n• About 22% of the adult population in the U.S. own a share of Bitcoin,how much would $10 get you today?\n"ACTIVE INVESTORS\' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n• APPLE (AAPL): Free Stock Analysis Report\n• TESLA (TSLA): Free Stock Analysis Report\nThis articleBitcoin Liquidity Crisis Incoming? Bitcoin ETF Demand Surges And New All-Time Highsoriginally appeared onBenzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Bitcoin has been on a tear in 2024. Over the past several weeks, the token has reached multiple new highs. While many factors have contributed to this buying pattern, one of the more interesting elements of the recent run is the approval of spot Bitcoin exchange-traded funds (ETFs).\nDon\'t Miss:\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\n• Bitcoin has jumped another 45% already this year –how much would you need to get started today?\nThe ETFs began trading on Jan. 10 after months of negotiations and meetings. The release of the funds brought in a whole new host of investors, which forced the ETF sponsors to continue buying Bitcoin to meet the demand. For example, Bank of America Corp.\'sMerrill division and Wells Fargo& Co.recently allowed their wealth management clients to buy the ETFs.\nThese new investors have caused the ETFs to engage in consistent and growing buying activity since January. BlackRock\'s ETF (IBIT) has seen over $10 billion in net inflows since launching. This means that BlackRock has bought over $10 billion worth of Bitcoin in the last two months, partially contributing to the meteoric rise in price.\nAll of the funds have seen positive net inflows since launch except the Grayscale Bitcoin Trust (GBTC), which was converted from a futures-linked ETF into a spot ETF. This ETF has seen over $10 billion of net outflows since launch, mostly because of the arbitrage opportunities that were available and its high fees. However, across all spot ETFs, there have been net inflows of nearly $10 billion. Many are considering the launch to be the most successful first two months for any ETF in history.\nWhile this may not seem like a lot in terms of the total volume for Bitcoin, it could be large enough to tip the balance between buyers and sellers. Additionally, the rate of buying is speeding up for IBIT and other ETFs, while the outflows for GBTC are slowing.According to CryptoQuant Founder Ki Young Ju, if this trend continues, "We\'ll see a sell-side liquidity crisis within six months."\nTrending: Bitcoin To $100,000?Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast.\nA sell-side liquidity crisis would mean that there are not enough sellers to suppress the price of Bitcoin. This could send the price soaring. According to Ju, this could mean that the "cyclical top may exceed our expectations due to limited sell-side liquidity and thin orderbook." The driving force behind this is mining wallets accumulating and holding their tokens, effectively decreasing the amount of tradeable supply.\nAnother important topic to consider is the upcoming Bitcoin halving. This event, expected to occur in April, will lower the amount of Bitcoin that is mined by half. So, the total amount of Bitcoins mined each day will go from around 900 to 450. This could create less selling pressure, as the miners are theoretically selling less BTC each day. However, some believe that the recent run in Bitcoin is the market pricing this in, and the event could have little to no effect on the price of Bitcoin.\nWith Bitcoin booming, this could be an inflection point. Sellers could either see this as an opportunity to dump some of their tokens before the halving, or a sell-side liquidity crisis could send Bitcoin to new heights.\nRead Next:\n• Large boom in cryptocurrency and metaverse interest as BTC skyrockets —has Apple Vision Pro increased the demand for virtual real estate?\n• About 22% of the adult population in the U.S. own a share of Bitcoin,how much would $10 get you today?\n"ACTIVE INVESTORS\' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n• APPLE (AAPL): Free Stock Analysis Report\n• TESLA (TSLA): Free Stock Analysis Report\nThis articleBitcoin Liquidity Crisis Incoming? Bitcoin ETF Demand Surges And New All-Time Highsoriginally appeared onBenzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'It offers a completely automated Bitcoin trading system powered by AI.\nBitcoin Billionaire Launches AI Trading System for Spain\nCardeña, Spain, March 12, 2024 (GLOBE NEWSWIRE) -- Bitcoin Billionaire has taken innovation to the next level with its AI trading system tailored for Spain, offering many cutting-edge advantages to customers in the country. While the focus of the pioneer in the field remains Spain, it can also be used by customers in other Spanish-speaking countries, including Mexico, Colombia, Argentina, Costa Rica, and more.\nCryptocurrencies including Bitcoin, offer dynamic opportunities for people around the world to build their fortune by trading in it. But getting the right kind of access to them has remained a challenge. Bitcoin Billionaire was established with the aim of changing that, and it has consistently lived up to that mission not only by facilitating access but also by sharing critical knowledge and tools for customers to trade successfully in the market.\nBitcoin Billionaire S.L.\nSince its inception, the platform has been driving the cryptocurrency revolution by focusing on new-age innovation.\n“We have endeavored to create a secure, transparent, and efficient platform for trading crypto assets,” said a representative forBitcoin Billionaire. This focus on transparency is evident in the fact that the platform always brings clear and up-to-date information to customers.\nIt lays a strong emphasis on security by using cutting-edge technologies to protect customers’ assets and information. Moreover, it has consistently strived to raise the bar for innovation with tools that optimize the platform and its services for custo **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: 2024-03-13 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,413,626,803,125 - Hash Rate: 631131351.3345715 - Transaction Count: 390118.0 - Unique Addresses: 710767.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.81 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: LAS VEGAS, February 27, 2024--(BUSINESS WIRE)--Ault Alliance, Inc.(NYSE American: AULT), a diversified holding company ("Ault Alliance," or the "Company"), today announced its preliminary financial results for the twelve-month period ended December 31, 2023. Full year 2023 highlights include: • Preliminary revenue for the year ended December 31, 2023 increased by $35.4 million, or 30%, to a record $153.0 million, from $117.6 million for the year ended December 31, 2022; • Revenue excludes results from discontinued operations at Ault Global Real Estate Equities, Inc. ("AGREE") as Company’s real estate properties, which include recently renovated hotels and land, met the criteria for classification as held for sale; • Revenue for the year ended December 31, 2023 would have been $169.2 million if it had included AGREE; • Sentinum, Inc.("Sentinum") data center and Bitcoin mining revenue grew approximately 97% from the prior period from $17.8 million to $34.5 million; • Circle 8 Crane Services, LLC("Circle 8") revenue growth of approximately 1696% from the prior period from $2.7 million to $49.2 million (Circle 8’s revenue growth is primarily attributable to full year of ownership); and • Giga-tronics, Inc.("GIGA"), a defense industry company, had revenue growth of approximately 25% from the prior fiscal year from $30.3 million to $37.8 million. Revenues by segment for the twelve months ended December 31, 2023, were as follows: [{"Segment": "Sentinum", "": "", "2023": "34,523,000", "2022": "17,798,000"}, {"Segment": "Ault Capital Group", "": "", "2023": "118,488,000", "2022": "99,839,000"}, {"Segment": "Total revenue", "": "", "2023": "153,011,000", "2022": "117,637,000"}, ["", "", ""], {"Segment": "AGREE (discontinued operations)", "": "", "2023": "16,161,000", "2022": "16,697,000"}, {"Segment": "Total including AGREE", "": "", "2023": "169,172,000", "2022": "134,334,000"}] Milton "Todd" Ault III, Founder and Executive Chairman of Ault Alliance, reflected on the year-over-year growth, saying, "The Company continues to post strong year-over-year revenue growth. This year, we are pleased to announce that our operations now report under two subsidiaries, Sentinum and Ault Capital Group, to better reflect our diverse and strategic interests. Sentinum’s focus on data center operations and Bitcoin mining, along with Ault Capital Group’s management of our varied operating companies and investments, positions us to better capitalize on the opportunities for our asset base." "Additionally, the recent uptick in Bitcoin prices has positively impacted our outlook, enhancing the future prospects for Sentinum and, by extension, the company as a whole. We have previously announced plans to focus on properly monetizing our existing asset base and unlocking the true value of our assets through streamlining operations and maintaining a focus on profitability at each entity. The Company has experienced massive growth over the last three years and will concentrate on digesting this growth and optimizing operations while being attentive stewards of our asset base." 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 atwww.Ault.comor atwww.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 a 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 atwww.sec.govand on the Company’s website atwww.Ault.com. View source version on businesswire.com:https://www.businesswire.com/news/home/20240227248077/en/ Contacts Ault Alliance Investor Contact:[email protected] 1-888-753-2235... - Reddit Posts (Sample): [['u/Far_Breakfast_5808', 'You know what would be an interesting project? When the "price" of BTC inevitably crashes (when it happens, I have no idea and I won\'t bother speculating), we take a look at the posting histories of all the brigaders who came here telling us to have fun staying poor or asking why we\'re missing out.', 14, '2024-03-13 00:38', 'https://www.reddit.com/r/Buttcoin/comments/1bdcd8l/you_know_what_would_be_an_interesting_project/', "Hopefully someone is already collecting their posts and usernames because when the price crashes eventually (it could be this year, it could be eventually, about the only thing I'm sure of is that one day this house of cards will collapse), it would be interesting to see what happened to all these currently confident Redditors. Like, we will see if they are still bullish and confident when it happens, or will still insist we are having fun staying poor. Hopefully they all won't be a bunch of u/\\[deleted\\]s, though I fear that's what's gonna happen.", 'https://www.reddit.com/r/Buttcoin/comments/1bdcd8l/you_know_what_would_be_an_interesting_project/', '1bdcd8l', [['u/DevilFucker', 48, '2024-03-13 00:48', 'https://www.reddit.com/r/Buttcoin/comments/1bdcd8l/you_know_what_would_be_an_interesting_project/kuln6m6/', '“So what if the price went down? That was totally predictable, everyone knows Bitcoin has cycles. I sold at the peak, just waiting for it to bottom before it starts the next cycle. Have fun staying poor loser.”', '1bdcd8l'], ['u/TSM-', 10, '2024-03-13 01:21', 'https://www.reddit.com/r/Buttcoin/comments/1bdcd8l/you_know_what_would_be_an_interesting_project/kulscjq/', '\\[deleted\\]', '1bdcd8l'], ['u/Far_Breakfast_5808', 18, '2024-03-13 01:39', 'https://www.reddit.com/r/Buttcoin/comments/1bdcd8l/you_know_what_would_be_an_interesting_project/kulv9ll/', 'I really want to see if the exact same posters who are currently bragging about the price breaking ATHs and heading to the moon will suddenly go 1 BTC = 1 BTC.', '1bdcd8l'], ['u/piershampton', 11, '2024-03-13 01:52', 'https://www.reddit.com/r/Buttcoin/comments/1bdcd8l/you_know_what_would_be_an_interesting_project/kulxd1w/', 'Some people have nothing good going on in their lives these days 👆🏼', '1bdcd8l'], ['u/Mongorize', 12, '2024-03-13 02:06', 'https://www.reddit.com/r/Buttcoin/comments/1bdcd8l/you_know_what_would_be_an_interesting_project/kulzitb/', ">we take a look at the posting histories of all the brigaders who came here telling us to have fun staying poor or asking why we're missing out.\n\nThere's no point as they don't realise there is no gain without cashing out. So they are already poor as they're happy to give their cash to mega corps", '1bdcd8l'], ['u/Ichabodblack', 10, '2024-03-13 02:07', 'https://www.reddit.com/r/Buttcoin/comments/1bdcd8l/you_know_what_would_be_an_interesting_project/kulzk5k/', "I didn't mind people genuinely debating. It's the 14 year old trolls (chronically chronologically or mentally) that are irritating", '1bdcd8l']]], ['u/Haxagonus', 'Thank you', 25, '2024-03-13 00:53', 'https://www.reddit.com/r/btc/comments/1bdcpvu/thank_you/', 'Just found this subreddit. Thank you guys for making it. I posted my first post about buying a whole coin recently and bitcoin subreddit took it down ', 'https://www.reddit.com/r/btc/comments/1bdcpvu/thank_you/', '1bdcpvu', [['u/OlderAndWiserThanYou', 16, '2024-03-13 01:48', 'https://www.reddit.com/r/btc/comments/1bdcpvu/thank_you/kulwm3r/', '> I posted my first post about buying a whole coin recently and bitcoin subreddit took it down\n\nHow incredibly welcoming of them! They have a history of doing that kind of thing which is one small reason why here exists.\n\nSo welcome!', '1bdcpvu'], ['u/ShadowOfHarbringer', 12, '2024-03-13 02:26', 'https://www.reddit.com/r/btc/comments/1bdcpvu/thank_you/kum2l3u/', '> I know right? What feels good is that I own one whole coin now. See you at the top. salutes\n\nWell personally I prefer BCH because it works and I use it daily, but I am happy for you.\n\nAt least you can talk about it in an uncensored place.', '1bdcpvu']]], ['u/EtherAcombact', 'Uncharted Territory: How This Halving Cycle Differs', 369, '2024-03-13 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/1bdd5dn/uncharted_territory_how_this_halving_cycle_differs/', " I've noticed a lot of folks here comparing this cycle to previous ones, assuming it's just another 4-year price action. However, I see several key differences this time around:\n\n1. **BTC hitting all-time highs before the halving:** This marks the first instance in Bitcoin history where the price hit an all-time high before the halving. Two main factors contribute to this: a) The solidification of narratives such as the BTC 4-year cycle and halving, making it a self-fulfilling prophecy, and b) ETF inflows into crypto, a new source of fiat infusion attracting more conservative investors.\n2. **ETF inflows:** This new source of fiat infusion attracts a different breed of investor, usually conservative and investing through tax-advantaged accounts like IRAs. This leads to increased BTC dominance, reduced gains for altcoins (except for ETH), and potentially less BTC price volatility over time due to a different investing strategy.\n3. **Retail investors:** Despite being retail investors ourselves, the participation during Bitcoin's all-time high lacks the same strength as before. More retail investors might join post-halving, but the rising prices beforehand could diminish returns, making everything seem expensive and risky.\n4. **Stablecoins:** Often overlooked, many stablecoin providers are investing their fiat reserves in US bonds, causing concern for the Fed. It attracted Federal Reserve intervention to align the crypto market with its interest to limit capital outflow and market volatility.\n\nIn summary, the cryptocurrency market is evolving and the cycle differs significantly from the past three. While Bitcoin price is likely to keep rising, the pace and overall market behavior will likely differ than expectations. .Key implications for BTC and crypto include less volatility, a smaller increase in Bitcoin's post-halving price compared to last cycles, diminished gains from altcoins (excluding ETH with ETF approval), reduced retail investor participation, and an increased influence from governments and traditional finance on crypto and BTC price actions.", 'https://www.reddit.com/r/CryptoCurrency/comments/1bdd5dn/uncharted_territory_how_this_halving_cycle_differs/', '1bdd5dn', [['u/ZekeTarsim', 56, '2024-03-13 01:43', 'https://www.reddit.com/r/CryptoCurrency/comments/1bdd5dn/uncharted_territory_how_this_halving_cycle_differs/kulvusq/', 'Retail buyers and “expensive” coins. I feel like casual participants mostly don’t think about market cap. Therefore, their understanding of value is more based on price per coin.\n\nAs in, a $1 coin will get more retail interest than a $100 coin, because the $1 dollar coin is comparably cheaper (even if it is actually more expensive).\n\nI believe this is one of the reasons some dog and frog coins that are a fraction of a penny do so well in alt season, even if the dog coin has 880 gazillion coins in circulation.\n\nThoughts?', '1bdd5dn'], ['u/Slimalicious', 73, '2024-03-13 01:45', 'https://www.reddit.com/r/CryptoCurrency/comments/1bdd5dn/uncharted_territory_how_this_halving_cycle_differs/kulw8i3/', 'thanks, chatGPT', '1bdd5dn'], ['u/Beneficial-Step7506', 16, '2024-03-13 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/1bdd5dn/uncharted_territory_how_this_halving_cycle_differs/kulwqnj/', 'Yup, that’s why I’m in low cap coins <$30m MC trading for fractions of a penny.', '1bdd5dn'], ['u/d_justin', 153, '2024-03-13 01:56', 'https://www.reddit.com/r/CryptoCurrency/comments/1bdd5dn/uncharted_territory_how_this_halving_cycle_differs/kulxyh9/', 'Am I correct in thinking that retail does not have money to spend in crypto this cycle? \n\ncost of living increased drastically in the previous 2 years, credit cards are being maxed out, auto loan delinquency increasing, mortgages/rents being delayed.', '1bdd5dn'], ['u/EtherAcombact', 69, '2024-03-13 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/1bdd5dn/uncharted_territory_how_this_halving_cycle_differs/kum3kru/', 'Yes, inflation is high globally. Surprisingly, casinos recorded strong profits last year, even amid the heightened inflation. People tend to take riskier bets with their money when they are desperate. Consider 2020 when COVID was at its peak, and everything was shut down – yet crypto started pumping hard right after the halving', '1bdd5dn'], ['u/Drwgeb', 17, '2024-03-13 04:45', 'https://www.reddit.com/r/CryptoCurrency/comments/1bdd5dn/uncharted_territory_how_this_halving_cycle_differs/kummsvp/', "To be fair during covid people had money handed to them which they didn't work for as well as a lot of people had a lot of free time on their hands, so might as well start gambling into crypto and shout at charts.", '1bdd5dn'], ['u/Substantial_Run8010', 20, '2024-03-13 04:48', 'https://www.reddit.com/r/CryptoCurrency/comments/1bdd5dn/uncharted_territory_how_this_halving_cycle_differs/kumn54r/', 'Yep. Once you reconize the writing style, you start seeing it everywhere', '1bdd5dn'], ['u/mgd09292007', 31, '2024-03-13 05:04', 'https://www.reddit.com/r/CryptoCurrency/comments/1bdd5dn/uncharted_territory_how_this_halving_cycle_differs/kump8uy/', 'People will FOMO into something if they think they can "win the lottery". I mean look at how many poor people throw money away in casino and the actual lottery. More buyers than you probably think.', '1bdd5dn'], ['u/digitalmacgyver', 23, '2024-03-13 05:21', 'https://www.reddit.com/r/CryptoCurrency/comments/1bdd5dn/uncharted_territory_how_this_halving_cycle_differs/kumrant/', "Considering now investment firms like Blackrock are holding 25% of bitcoins total volume, they will likely never allow it to go down again. I expect they days of volitlty ar... 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:** ['Mahe, Seychelles--(Newsfile Corp. - March 13, 2024) - Tectum, the decentralized network developed by Crispmind, has made history by becoming the fastest blockchain in the world.\nThis is a significant stride, as the company breaks its own record of 1.2 million transactions per second and extends its streak. The update comes after the final phase of a series of live tests to show how well the blockchain can process transactions.\nIt is unsurprising that several blockchains have been vying for the title of being the fastest blockchain in the world. While there have been countless claims, none of these decentralized networks have been able to back their postulations with adequate evidence.\nTectum decided to prove its claims legitimate by showing actual results of its blockchain\'s capacity. The blockchain firm did a livestream via its YouTube page to ensure that the process was genuine and transparent. In addition, it made access open to everyone who was interested in participating.\nFollowing the completion of the exercise, the company is sharing a detailed report on the result of the second phase of testing.\nResult of the Tectum TPS Test Final Phase\nThe Tectum TPS test final phase lasted well over one hour, with the team conducting over 50 million transactions. Unlike the first stage of the trial, where only Tectum Emission Tokens were transferred, Tectum decided to transfer thousands of SoftNote transactions.\nThe team also explained why SoftNote is used for transactions instead of simply transferring TET. According to Tectum, SoftNote is a more general medium of transfer and can even be used to send and receive fiat currencies and crypto.\nTherefore, it made more sense to use a more general form of transfer, especially since it has the fundamentals necessary to underpin all currency transactions. 8 Nodes were set up to run these transactions to demonstrate the network\'s optimal ability. This will also outline the master nodes, elect nodes, and other technical information.\nAt the end of the trial, here are the results of the Tectum TPS test:\n• Total number of transactions completed: 51,367,124\n• Time taken to complete these transactions: 14.66 seconds\n• Transaction per second speed: 3,502,702\n• Live Streamhttps://youtube.com/live/RZNxpaESVKY\nBy completing the final phase of this trial, Tectum broke its own record of 1.3 million transactions per second and set a new record of 3.5 million transactions per second.\nThis is a monumental achievement, as no blockchain has been able to reach this speed. Notably, the data architecture of this blockchain also handled the high volume of transactions without any glitches. There have been several instances of blockchain networks crashing due to high traffic in the past, as well as recently.\nHowever, Tectum, the fastest layer 1 blockchain, was able to set a new record while running this test. More significantly, almost all the nodes processed no less than 500,000 transactions, with the third node averaging well over 300,000 transactions at once.\nAbout Tectum\nTectum is the fastest layer-1 blockchain, with a speed of 1.3 million transactions per second. It uses proof of utility consensus to process transactions through trusted nodes. Unlike most web3 networks, this blockchain processes transactions in layers, ensuring that there are no traffic congestions or delayed transactions. In addition, Tectum also utilizes zero-knowledge proofs to maintain the privacy of transactions on its network.\nThis blockchain is developed by Crispmind- an intellectual property and software development firm with decades of experience developing cost-effective and customer-centric solutions. For several years, the company has leveraged the experience and expertise of the best developers to create ground-breaking products and services.\nThis ranges from secure messaging and user authentication to blockchain, distributed ledgers, and cryptocurrency. Crispmind\'s innovative approach has led to clients, including private companies and governmental institutions. Regardless of the project, the company\'s principle has always been to "create simple solutions for complex problems."\nSome of Crispmind\'s projects include:\n• Tectum is the fastest layer 1 blockchain in the world, with a proof-of-utility consensus protocol and zero-knowledge proof system.\n• Tectum Wallet - a comprehensive blockchain wallet that is simple to use and enables people to manage their digital assets in one place.\n• SoftNote Bills - crypto cash that makes Bitcoin more spendable.\n• X-Factor Authenticator - a quantum-proof three-factor authentication protocol that utilizes a human-machine security algorithm to ensure maximum security.\nSocial Links\nFacebook:https://www.facebook.com/Tectum.io/\nTwitter:https://twitter.com/tectumsocial\nTelegram:https://t.me/tectumglobal\nWebsite:https://tectum.io/\nYouTube:https://youtube.com/live/RZNxpaESVKY\nSOURCE: Crispmind\nMedia details:\nCompany Name: Crispmind\nPerson Contact Name: Andrew Erikashvili, CMO\nWebsite URL:https://www.softnote.com\nWebmail:[email protected]\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/201642', 'By Facundo Zamora, CEO Finanflix and Juan Ignacio Murua, CFO Finanflix\nEver sinceBlackrock(NYSE:BLK) announced itsBitcoin(CRYPTO:BTC)\xa0ETF, the market cap of BTC has surged, now exceeding one trillion dollars—a monumental figure. To put this into perspective, even if you combined the market caps of major corporations likeCoca-Cola(NYSE:KO),Disney(NYSE:DIS),AMD(NASDAQ:AMD), andIntel(NASDAQ:INTC), their total would still fall short of BTC’s colossal valuation. This staggering growth not only underscores the significant market confidence following Blackrock’s endorsement but also highlights Bitcoin’s expanding influence in the financial world. The waterfall effect is inevitable, with smaller yet substantial funds like Fidelity and Templeton following the same path.\nThe market is rarely wrong when it comes to pricing in announced future events, and today we are witnessing Bitcoin price reaching an all-time high right before its next halving, something we have never seen before. The euphoria over BTC surpassing 73,000 USD is clearly not the same as the euphoria at 69,000 USD during 2021, with a refreshed market and a declining path projection for the Fed funds rate. Furthermore, it\'s worth noting that Blackrock is now buying over 45 million USD of BTC daily.\nLooking at the past, we have seen the cryptocurrency market grow between 10x and 50x after each halving. And we are yet to see an approval for an Ethereum ETF, which Blackrock also presented.\nEthereum(CRYPTO:ETH)\xa0provides crucial blockchain infrastructure necessary for building applications for enterprises. Among the thousands of applications, we find Infura and Consensys, both owned byJ.P. Morgan(NYSE:JPM). So, it would not be too far-fetched to envision a scenario where Ethereum rises above the trillion-dollar market cap in the short to medium term, potentially leading its price to exceed 10,000 USD per ETH. In this case, we could witness a departure from the traditional crypto theory of capital migration, where money flows first into BTC, then into ETH, and subsequently into the high caps, low caps, and altcoins, respectively. This time, Ethereum might be charting its own, somewhat independent trajectory.\nOur analysis at Finanflix concludes that the Ethereum token is becoming increasingly deflationary as activity on its blockchain rises, consequently influencing DeFi behavior.\nAfter Ethereum’s brand and token experience a significant surge, we should expect much of the capital to migrate to DeFi protocols built on its blockchain. Initially, Ethereum\'s infrastructure will struggle to handle the massive increase in transactions, and that is when its Layer 2 protocols such asArbitrum(CRYPTO:ARB),Optimism(CRYPTO:OP), andPolygon(CRYPTO:MATIC), among others, will see a spike in activity. This will put upward pressure on their prices since these protocols\' tokens are necessary to pay fees, and all the money flowing from ETH will naturally gravitate first toward the nearest protocols in terms of use. Having previously seen price returns of over 1000%, we would not be surprised to witness a similar situation under these circumstances.\nA closer look at the decentralized applications (DApps) running on Ethereum could reveal price discovery events with UNI fromUniswap(CRYPTO:UNI), Ethereum’s leading decentralized exchange, surpassing 100 USD per token, orAAVE(CRYPTO:AAVE), Ethereum’s primary lending protocol, reaching 1000 USD.\nFinally, regarding the myriad of low-cap protocols like Verasity or Arkham, not to mention meme coins/altcoins, the potential returns are uncertain. We must remember that when the real bull market hits crypto, the market can become completely irrational.\nToday, the DeFi total value locked is back over 100 billion USD. But this time, the ecosystem is much more developed, the protocols are generating revenue, and the overall market conditions are unlike anything we\'ve seen before. This precedent is likely to elevate DeFi to new levels of validation and trust, and once this happens, we will be witnessing a truly different paradigm. The opportunity cost of skepticism in these times may just be too high.\n"ACTIVE INVESTORS\' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\nThis articleDeFi\'s New Dawn: Ethereum\'s Surge Sets Stage for Unprecedented Growthoriginally appeared onBenzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', '• Crypto-mining revenues have jumped to a new all-time high of $78 million a day, according to Deutsche Bank.\n• The increase has closely followed bitcoin\'s rally, with the crypto repeatedly 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: 2024-03-14 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,395,143,493,100 - Hash Rate: 579720256.0482558 - Transaction Count: 329706.0 - Unique Addresses: 663447.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.88 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Bitcoin has fallen over 20% since the Jan. 11 launch of the first exchange-traded funds investing directly in the token as speculators become more cautious about the potential impact of the products. Most Read from Bloomberg China Weighs Stock Market Rescue Package Backed by $278 Billion Apple Dials Back Car’s Self-Driving Features and Delays Launch to 2028 Netflix Pays $5 Billion for ‘Raw’ in Bet on Live Events An Isolated Israel Doubles Down on War in Gaza — At All Costs India Tops Hong Kong as World’s Fourth-Largest Stock Market The digital asset spiked to $49,021 on the day the ETFs from issuers including BlackRock Inc. and Fidelity Investments went live. Bitcoin traded at $38,975 as of 8:38 a.m. Tuesday in New York, a 20.5% drop from that intraday peak. “As bearish sentiment appears to be prevailing, the next crucial price levels for bitcoin that could provide support are estimated to be between $38,000 and $36,000,” analysts at crypto exchange Bitfinex wrote in a Tuesday note. The 10 Bitcoin ETFs have recorded $1.1bn in total net flows so far this month, according to data on the Bloomberg Terminal as of Monday. That includes the impact of Grayscale’s Bitcoin Trust, which has seen nearly $3.5 billion in outflows so far as investors offload long-held stakes, according to the data. “Over the past two weeks, Bitcoin has been challenged by tougher macro conditions — evidenced by rallying rates and a strengthening dollar — and significant selling pressure from traders unwinding their GBTC arbitrage positions along with the FTX bankruptcy estate offloading assets,” Sean Farrell, head of digital-asset strategy at Fundstrat Global Advisors LLC, wrote in a note. The disposals by FTX potentially remove a supply overhang, suggesting that the “intense selling pressure from GBTC may soon subside,” Farrell added. Bitcoin surged almost 160% last year, outperforming traditional assets such as stocks, amid speculation that the ETFs would catalyze wider adoption of the cryptocurrency by institutional and individual investors. The token has been retreating since the turn of the year and trailing global markets. Story continues Tokens such as Ether and BNB also fell sharply along with Bitcoin, the largest digital asset, which is roughly $30,000 below its 2021 pandemic-era record of almost $69,000. “GBTC outflows have created a dynamic in the market that needs to be normalized before we will see true price discovery,” said Leah Wald, chief executive officer of digital-asset investment firm Valkyrie Investments. --With assistance from Sidhartha Shukla and Emily Nicolle. (Updates with ETF figures) Most Read from Bloomberg Businessweek How Sweden Quit Smoking Without Quitting Nicotine The Downfall of Diddy Inc. Should I Tell My Colleagues (or My Boss) About My Bipolar Diagnosis? The Bitcoin Hype Is Back and About Just as Hollow as Before ©2024 Bloomberg L.P.... - 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 (Reuters) -El Salvador will transfer "a big chunk" of its bitcoin assets to an offline device that will be stored in a physical vault within the Central American country\'s territory, President Nayib Bukele said on Thursday.\n"We\'ve decided to transfer a big chunk of our Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national territory," Bukele, who last month was re-elected to a second term as president, said in a post on X. "It\'s not much, but it\'s honest work."\nAccording to Bukele\'s social media account on Thursday, El Salvador\'s bitcoin portfolio is at close to $407 million.\nThe true size of the holdings remains unclear, but a recent rally in bitcoin values has reignited interest in the world\'s largest, if volatile, cryptocurrency.\nBitcoin on Thursday hit a record high of $73,800.\nIn September 2021, El Salvador became the first country in the world to establish bitcoin as legal tender, earning it harsh criticism. One of the strongest critics was the International Monetary Fund, which has been negotiating a large loan with the cash-poor country.\nBukele has also sketched plans for a tax-free crypto haven powered by geothermal energy from a volcano. As he prepares to enter his second term as president, ground has yet to be broken on this so-called Bitcoin City.\n(Reporting by Nelson Renteria; Writing by Sarah Morland; Editing by Anthony Esposito, Leslie Adler and Michael Perry)', 'Tesla Inc. CEO Elon Musk has been a fan ofDOGEfor some time. He first began discussing the project in 2019, whenhe posted on social media"Dogecoin might be my fav cryptocurrency. It\'s pretty cool."\nWhile this post did not have much impact on DOGE at the time, Musk continued posting about the token. He posted a meme about DOGE adoption in July 2020 that was captioned "It\'s inevitable."\xa0 After multiple years of posting, the token took off in 2021, reaching an all-time high of nearly $0.74.\nDon\'t Miss:\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\n• Bitcoin has jumped nearly 50% already this year –how much would you need to get started today?\nIt\'s clear that Musk\'s opinion on the memecoin is valued in the crypto community, and the price of DOGE reacts to his comments.\nSo, it\'s no surprise that Musk\'s latest comments on DOGE made waves in terms of the token\'s price. Musk was in Germany this week, speaking at Tesla\'s gigafactory in Berlin, which recently reopened following anarson attack.\nDuring a Q&A, Musk was asked, "When will I be able to buy a Tesla with Dogecoin?" He replied, "At some point, I think we should enable that."\nMusk also detailed some of the reasons behind his endorsement of DOGE. "The reason I ended up sort of endorsing Dogecoin is that when I was walking around the factory at Tesla, some people asked me to support Doge. Then, at SpaceX, some regular guys said, ‘Can you support Doge?’ and I was like, ‘Doge is the people’s crypto, so I will support it.\'"\nMusk also noted that you can buy Tesla merchandise with DOGE, so it has some systems in place to facilitate DOGE transactions.\nAnother important note is that Tesla accepted Bitcoin for purchases of Tesla cars for a short time in 2021. However, the program ended quickly, with Musk citing environmental concerns as the reason to stop accepting Bitcoin. This is important because DOGE is a fork of Bitcoin, meaning it uses the same method of consensus (proof of work) that Bitcoin uses, thereby posing the same environmental risks that Musk mentioned in 2021.\nThis means that electricity use could be a roadblock for DOGE in terms of the ability to use it to buy a Tesla car.\nDespite this, Musk\'s word should be taken at face value. DOGE reacted strongly, going from a low of $0.165 on the morning of March 14 to a high of $0.191, resulting in a gain of over 15%. The token sold off into the afternoon, but the sentiment is still largely bullish.Will dogecoin go upif Tesla were to begin accepting DOGE? Let’s say a $1 price target would not be out of the question.\nFor reference, a $1 DOGE would have a market cap of around $140 billion, approximately one-third that of Ethereum and one-tenth that of Bitcoin.\nRead Next:\n• Whether you have $10 or $10,000,you can start trading crypto today.\n• Bitcoin To $100,000?Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast.\n"ACTIVE INVESTORS\' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n• APPLE (AAPL): Free Stock Analysis Report\n• TESLA (TSLA): Free Stock Analysis Report\nThis articleElon Musk Breaks Silence On Dogecoin (DOGE): Is $1 Dogecoin Price Target Now Bearish?originally appeared onBenzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'By Kevin Buckland\nTOKYO, March 15 (Reuters) - Asian stocks slumped on Friday, tracking tech-led declines on Wall Street overnight after hotter-than-forecast U.S. inflation knocked back bets for how soon and often the Federal Reserve will cut interest rates.\nU.S. benchmark bond yields held near the 4.3% level they reached on Thursday for the first time this month, following their biggest jump in three months. The dollar advanced to its highest since March 5 against a basket of major peers.\nCrude oil slipped back after its overnight surge above $85 for the first time since November, and remained on track for a rally of nearly 4% this week.\nBitcoin edged back toward the all-time high reached on Thursday.\nA bigger-than-expected rise in producer prices in U.S. data overnight added to a heated reading on consumer inflation earlier in the week to see futures markets cutting the odds of a June policy easing to 60%, from about 67% late on Wednesday, according to LSEG\'s rate probability app. For 2024, the market is now pricing in less than three rate cuts, down from three to four roughly two weeks ago.\nThe biggest reaction was in the U.S. Treasury bond market, with a pop in yields pulling the dollar along as well.\nThe 10-year Treasury yield last stood around 4.28% on Friday, holding on to most of its more than 10 basis point jump from the previous session.\nThe dollar index, which measures the currency against the euro, yen and four other peers, added 0.07% to 103.45, following a 0.58% rally on Thursday, its best day in more than a month.\n"At the margins, price pressures are looking more stubborn, with the process of disinflation taking longer than hoped," said Kyle Rodda, senior markets analyst at Capital.com.\nThe direct impact on equities was muted, but the jump in long-term yields is "raising the spectre of a potential air pocket ahead for the tech-driven rally," he said.\nU.S. stock futures pointed marginally lower following a 0.29% decline in the S&P 500 on Thursday. However, the impact of a big sell off in chip-sector shares reverberated in Asian markets, weighing on stock indexes around the region.\nHong Kong\'s Hang Seng slid more than 1%, as did South Korea\'s Kospi.\nMainland Chinese blue chips, however, were little changed, despite the central bank\'s decision to forgo any easing in keeping the medium-term lending facility rate unchanged on Friday.\nJapan\'s Nikkei eased 0.3%.\nSigns continue to build for an exit from ultra-easy stimulus at the Bank of Japan\'s two-day policy meeting ending on Tuesday of next week.\nThe government appeared to back a policy shift, with Finance Minister Shunichi Suzuki stating on Friday that the economy is no longer in deflation, despite saying earlier in the week that it was too soon to declare an end to the nation\'s protracted spiral of falling prices.\nJiji news agency reported on Thursday that the BOJ has started to make arrangements to end its negative interest rate policy at the gathering. Sources have told Reuters that the central bank will debate the end of negative rates if the preliminary survey on big firms\' wage talks, due on Friday, yields strong results.\nJapan\'s 10-year bond yield rose to 0.795% for the first time in more than three months.\nAny yen strength was overpowered by the resurgent dollar, which gained 0.11% to 148.48 yen, continuing its rebound from a drop as low as 146.48 a week ago.\nThe euro extended Thursday\'s decline and reached a low of $1.08765, its lowest level in a week. Last Friday, it climbed as high as $1.0980, a two-month high.\nIn cryptocurrencies, bitcoin added 1.4% to $71,650, climbing back toward the record high of $73,192.79 from the previous session.\nSoftware firm MicroStrategy announced plans this week to raise capital through convertible bonds, offering to buy bitcoin for the second time in less than 10 days.\nElsewhere, oil prices succumbed to some profit taking on Friday, following strong gains this week amid sharp declines in U.S. crude and fuel inventories, drone strikes on Russian refineries and a rise in energy demand forecasts.\nBrent crude oil futures for May fell 41 cents, or 0.5%, to $85.01 a barrel. U.S. West Texas Intermediate (WTI) crude for April fell 32 cents, or 0.4%, to $80.94.\n(Reporting by Kevin Buckland. Editing by Gerry Doyle)', 'Tesla Inc. CEO Elon Musk has long been a proponent of Dogecoin (DOGE),first postingabout the project in 2019, saying, "Dogecoin might be my fav cryptocurrency. It\'s pretty cool."\nAt the time, the project was still relatively unknown, so it took a handful of other posts and a larger crypto bull market for DOGE to truly take off. The token went viral,creating millionairesand making waves in the press. In 2021, the token reached an all-time high of $0.7376. While it sold off after that, it is starting to see a resurgence in 2024.\nDon\'t Miss:\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\n• Bitcoin To $100,000?Here’ **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: 2024-03-15 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,343,268,844,200 - Hash Rate: 529980321.6844611 - Transaction Count: 307904.0 - Unique Addresses: 749328.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.83 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Jan 25 (Reuters) - The U.S. Securities and Exchange Commission (SEC) delayed on Thursday its decision on an application by crypto asset manager Grayscale Investments to convert its Ethereum trust product into a spot exchange-traded fund (ETF). The U.S. markets regulator also on Wednesday delayed its decision on finance industry heavyweight BlackRock's application to launch a similar product, exchange filings showed. A spot crypto ETF tracks the market price of the underlying digital asset, giving investors exposure to the token without having to buy the currency. Earlier this month, the SEC approved 11 spot bitcoin ETFs in a watershed moment for the crypto industry that had been demanding regulatory approval for such products for more than a decade. Euphoria around the approval and heightened expectations of traditional finance intermingling with the crypto industry through the launch of the ETFs has led to broad gains in crypto tokens and associated industry stocks. Bitcoin has rallied roughly 36% over the last six months, while Ether, the second-biggest cryptocurrency by market capitalization, has gained about 19%. Ether was trading marginally down on Thursday. (Reporting by Manya Saini in Bengaluru; Editing by Shilpi Majumdar)... - Reddit Posts (Sample): [['u/Electrical-Flower331', 'Stop slashing off FIAT currency', 185, '2024-03-15 00:33', 'https://www.reddit.com/r/Bitcoin/comments/1bezjxv/stop_slashing_off_fiat_currency/', "And them attributing the success of BTC, by proving ingredients a measurement of FIAT value!\n\nIt's weird to do that!", 'https://i.redd.it/za67j3wdxdoc1.jpeg', '1bezjxv', [['u/Confidence_Kindly', 22, '2024-03-15 00:48', 'https://www.reddit.com/r/Bitcoin/comments/1bezjxv/stop_slashing_off_fiat_currency/kuwzhic/', '1 Bitcoin will always be worth 1 Bitcoin. But 1 Bitcoin might be worth 5 Lamborghinis one day.', '1bezjxv'], ['u/Dettol-tasting-menu', 55, '2024-03-15 00:56', 'https://www.reddit.com/r/Bitcoin/comments/1bezjxv/stop_slashing_off_fiat_currency/kux0um1/', 'Then don’t use fiat as the measuring stick. \n\nUse real estate, barrels of oil, ounces of gold, years of uni tuition, number of lambo. \n\nUltimately fiat is the unit of account today and it’s the easiest measurement, it’s just easier to convey the message, that’s all. There is no dependency on fiat as the meme seems to suggest.', '1bezjxv'], ['u/DoU92', 16, '2024-03-15 02:15', 'https://www.reddit.com/r/Bitcoin/comments/1bezjxv/stop_slashing_off_fiat_currency/kuxd7nk/', 'Most people here want to buy it for a small amount of fiat and sell it for a lot of fiat.', '1bezjxv'], ['u/Dettol-tasting-menu', 11, '2024-03-15 02:31', 'https://www.reddit.com/r/Bitcoin/comments/1bezjxv/stop_slashing_off_fiat_currency/kuxfkrg/', 'Nothing wrong with that at all. \n\nBut the meme OP posted seems to be implying that measuring Bitcoin’s worth in fiat is somehow a gotcha, which is wrong, especially when the figure itself is hitting all time high day after day.', '1bezjxv'], ['u/5932634', 13, '2024-03-15 03:39', 'https://www.reddit.com/r/Bitcoin/comments/1bezjxv/stop_slashing_off_fiat_currency/kuxpoog/', 'You buy bitcoin to have more fiat. \n\nI buy bitcoin to have less fiat. \n\nWe are not the same.', '1bezjxv']]], ['u/digitalundergrad', 'Are you guys buying BTC at the current price?', 203, '2024-03-15 00:43', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/', "This is a question for the people that have been buying for 3+ years who have bought for much lower prices. I'd really like to buy more but don't want to mess up my DCA which is currently $31k. Personally been waiting/hoping for it to correct to $40k range to buy up a bunch more. Don't know if that will happen though as it is anybody's guess.", 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/', '1bezsc5', [['u/AdventurousNorth9414', 14, '2024-03-15 00:47', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuwzakc/', 'Yes, btc is a long haul coin, not short term.', '1bezsc5'], ['u/Sandcracka-', 335, '2024-03-15 00:48', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuwzhl4/', 'Yes', '1bezsc5'], ['u/Clnlne', 48, '2024-03-15 00:49', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuwzkb9/', 'Yes. $100-200 a day sometimes every other depending on the week/price', '1bezsc5'], ['u/Financial_Clue_2534', 89, '2024-03-15 00:56', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kux0tgq/', 'Yea I DCA I don’t care about the price. The goal is to get more Bitcoin', '1bezsc5'], ['u/tacky_pear', 154, '2024-03-15 00:58', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kux14ww/', 'Always be DCAing', '1bezsc5'], ['u/explosiveplacard', 100, '2024-03-15 00:59', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kux1912/', "I couldn't help myself. Put a limit order in at $69,420.00 and it filled within 25 minutes.", '1bezsc5'], ['u/digitalundergrad', 13, '2024-03-15 01:03', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kux1uk1/', 'Wow!', '1bezsc5'], ['u/Clnlne', 29, '2024-03-15 01:08', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kux2q0k/', "Sorry! That's a recent step up, not something I've been able to maintain for more than a few months. I'm low end blue collar but had been saving for a couple years.", '1bezsc5'], ['u/notagain24', 46, '2024-03-15 01:10', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kux30mr/', 'Funny I actually bought another $700 today when it dropped below $70,000.\xa0', '1bezsc5'], ['u/Willing_Plane5188', 13, '2024-03-15 01:21', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kux4sb8/', 'Btc isn’t really a “get rich quick” scene anymore, I just do it out of principle as to not get my savings devalued. It’s been the best performing asset out of everything else and it seems it will remain like that for at least 10 years like Saylor said. It makes a lot of sense to me so I buy 4000 - 5000 every month, I don’t even look at my wallet anymore \n\nI’m also considering retiring in 10 years (hopefully), if that ain’t quick enough I dunno what is', '1bezsc5'], ['u/Mozad1', 24, '2024-03-15 01:23', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kux52o8/', "Yes. \n\nI got into it at the beginning of 2018. \n\nThat hurt, but even during the white knuckle ride down to 3.5K believed in it, so I kept buying. I did the same during the next bull run and will be doing it during this one. \n\nThink of it this way: if I bought when it was plummeting to 4K and everyone was calling it a bubble, why wouldn't I buy it when it finally enters the traditional world of finance?\n\nPlus I don't need the money. I'm not leveraging anything. Just a daily or weekly buy.", '1bezsc5'], ['u/Own_Sky9933', 15, '2024-03-15 01:24', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kux55ox/', 'Best thing I did was add the recurring buys through the week. Every once in a while I get FOMO and buy on top that. Always be stacking.', '1bezsc5'], ['u/bonni187', 14, '2024-03-15 01:50', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kux98sr/', "If you don't think it can get to one million, you haven't done your research. It's not competing with Berkshire, it's competing with gold, real estate, all asset classes. Start buying and start learning!", '1bezsc5'], ['u/HodlVitality', 62, '2024-03-15 01:52', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kux9jqz/', 'If 70k makes you feel this way about 40k… what is 100k going to make you feel about 70k… it’s just emotions and perspective. But I’ve only been buying for about half a year to be fair', '1bezsc5'], ['u/speedingmedicine', 186, '2024-03-15 02:00', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxaw8z/', "Daily price is irrelevant for its long term value. I was a buyer at 16k and I'm a buyer at 70k.", '1bezsc5'], ['u/guessWho3marz', 12, '2024-03-15 02:15', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxd4he/', "What's dca?", '1bezsc5'], ['u/internationalskibidi', 83, '2024-03-15 02:19', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxdsdj/', 'Diet coke addiction. Poor chummer.', '1bezsc5'], ['u/AlbatrossSuper2456', 17, '2024-03-15 02:20', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxdv04/', 'Dollar cost averaging', '1bezsc5'], ['u/Status-Seaweed-5705', 24, '2024-03-15 02:38', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxgpjc/', 'You wont see 40k$ ever again in my opinion.\n\n70k$ might be high today, but there will come a time when these prices will be the lows', '1bezsc5'], ['u/holliander919', 89, '2024-03-15 02:39', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxgvh7/', 'Amateur.\nI had one at 69,420.69\n\nFor this Premium price I had to wait about 4 hours though.', '1bezsc5'], ['u/mrluxrius', 13, '2024-03-15 02:48', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxi71f/', '100$ every monday, I will be buying the top forever.', '1bezsc5'], ['u/Lurchco3953', 10, '2024-03-15 02:49', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxicgl/', 'I had 69469', '1bezsc5'], ['u/B1GCloud', 10, '2024-03-15 03:12', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxlp98/', 'The answer is always yes', '1bezsc5'], ['u/jskol3', 12, '2024-03-15 03:23', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxnd1l/', 'Some day I think people will be talking about how sub $100k was a steal', '1bezsc5'], ['u/iamnik77', 14, '2024-03-15 03:39', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxpsll/', "Bought some today. Also bought at $2500, $10000, $16000, $20000, $25000, $28000, $36000, and $40000. Always disappointing that today's buys will not be as impactful as buys from a few years ago but what else can I do? We know where USD is headed.", '1bezsc5'], ['u/Minute_Disk9857', 12, '2024-03-15 03:41', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxq3qg/', 'save half your money for a large correction. and dca the other half?', '1bezsc5'], ['u/Chris82Price', 11, '2024-03-15 03:45', 'https://www.reddit.com/r/Bitcoin/comments/1bezsc5/are_you_guys_buying_btc_at_the_current_price/kuxql11/', 'Me too I bought more ... 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 digested the week\'s hotter-than-expected inflation data.\n• Consumer and producer prices rose more than expected in February, government data showed.\n• Investors continued to dial back their expectations for Fed rate cuts in 2024.\nUS stocks fell on Friday as traders fretted over hot inflation data and continued to dial back their expectations for rate cuts in 2024. All three benchmark indexes ended the lower, while bond yields ticked slightly higher.\nThe S&P 500 ended with its second straight weekly loss.\nBoth consumer and producer prices came in hotter than expected this week, with the consumer price index rising 3.2% and the producer price index rising 1.6% year-per-year, the Bureau of Labor Statistics reported.\nHot inflation is the Fed\'s main focus, and investors are growing concerned that central bankers could end up holding interest rates higher for a lot longer to keep prices from surging again, especially as the economy looks to be going strong.\n"Inflation reports this week served as a reminder that normalization is not a straight line, and pressures remain in many pockets," Mark Hackett, Nationwide\'s chief of investment said in a note on Friday.\nThe Fed\'s next policy meeting is just around the corner, with central bankers set to begin the two-day policy meeting next Tuesday to decide the next policy move. Markets are pricing in a near-100% chance the Fed will keep rates unchanged this month, according to theCME FedWatch tool.\nInvestors also continued to dial back their expectations for rate cuts for the rest of the year. Markets are now pricing just a 30% chance the Fed could slash rates by 100 basis points or more by December, down from a 64% probability priced in a month ago, and odds of a June rate cut have come down to about a coin-toss.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500: 5,116.95, down 0.65%\n• Dow Jones Industrial Average: 38,714.77, down 0.49% (-190.89 points)\n• Nasdaq Composite: 15,973.17, down 0.96%\nHere\'s what else is going on today:\n• TheNvidia-led AI boom could spread to three different areasof the stock market, according to Goldman Sachs.\n• Soaring US debt could "break" markets at some pointif spending isn\'t reined in, according to one Wharton finance professor.\n• The S&P 500 is "bizarrely overvalued"and could crash 49%, according to an elite strategist.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude slipped 0.36% to $80.98 a barrel.Brent crude, the international benchmark, fell 0.1% to trade at $85.28 a barrel.\n• Goldticked 0.19% lower to $2,157.55 per ounce.\n• The 10-year Treasury yield was about flat at 4.30%.\n• Bitcoinrose 0.26% to $70,230.\nRead the original article onBusiness Insider', '• Sam Bankman-Fried came up with a list of bad ideas after FTX\'s bankruptcy\n• One of them was going on Tucker Carlson\'s show and taking an anti-woke heel turn.\n• The list was included in prosecutors\' sentencing submission, asking for 50 years in prison.\nAfter FTX declared bankruptcy, in November 2022, its founder and former CEO came up with a list of terrible ideas.\nIna Google Document, which was prefaced "random probably bad ideas" and labeled confidential, Sam Bankman-Fried listed ways in which he might be able to rebuild his reputation.\nThe list included attacking the bankruptcy lawyers (which he ultimately did), attacking the rival cryptocurrency exchange Binance (ditto), and doing an ABC News interview with author Michael Lewis (Lewis does not work for ABC).\nThe most striking item on the list was going on then-Fox News host Tucker Carlson\'s show to "come out as a republican."\nOn Carlson\'s show, Bankman-Fried could "Come out against the woke agenda" and also criticize the bankruptcy lawyers who took over FTX and were trying to get money back to defrauded customers, he wrote on the list.\n"Talk about how the cartel of lawyers is destroying value and throwing entrepreneurs under the bus in order to cover up the incompetence of lawyers," Bankman-Fried memorialized.\nA copy of the document was included as an exhibit in a sentencing memorandum filed Friday by federal prosecutors in Manhattan.\nIn November, ajury found Bankman-Fried guiltyof seven counts of fraud and conspiracy. Numerous former executives and associates testified that Bankman-Fried commingled funds of FTX customers with Alameda Research, a cryptocurrency trading firm he also controlled. The losses, prosecutors say, exceeded $10 billion.\nProsecutors are asking a judge to sentence Bankman-Fried to between 40 and 50 years in prison and issue an $11 billion judgment. They said Bernie Madoff\'s crimes should be used as a benchmark for Bankman-Fried, whose fraud they call "one of the largest financial frauds in history, and what is likely the largest fraud in the last decade."\nThe list of ideas, prosecutors said, was evidence Bankman-Fried was "motivated to launch his redemption narrative and has already been thinking about how to spin it" — and should therefore get a long prison sentence.\nUS District Judge Lewis Kaplan will weigh prosecutors\' memo against one by Bankman-Fried\'s lawyers, whoasked for a sentence of no more than about six years.\nBankman-Fried acknowledged his list of ideas was not very good.\n"Note: these are all random probably bad ideas that aren\'t vetted," the document says at the top.\nPage 2 ofSam Bankman Fried bad idea list prosecutor sentencing submission\nContributed toDocumentCloudby Insider Staff (Insider Inc.) •View documentorread text\nBankman-Fried never ended up on Carlson\'s show, which was canceled by Fox News in 2023. (Carlson has since switched to vlogging on X, formerly known as Twitter, and launching his own subscription product.)\nSome of the ideas came to fruition, though.\nBankman-Fried and his family have long argued that FTX customers would have speedily recovered their money if only bankruptcy lawyers had cooperated with him.\n"Focus almost exclusively on the fact that we could give value back to customers and the Chapter 11 team is destroying it," Bankman-Fried wrote on one list entry.\n"Focus on the fact that the Chapter 11 team has no idea how to run FTX, it\'s colonial, run by a cartel of lawyers," he wrote in another.\n"Come out as extremely pro crypto, pro freedom," he added.\nInanother list, he tried to think of people who he could court for support.\nHe listed "Alt right?" and "Some other displaced group?" under the category of "Random subgroup support."\nIn a bankruptcy court hearing earlier this year, FTX lawyers said customers could be made whole — something that Bankman-Fried\'s lawyers have cited to argue for a light sentence.\nBut prosecutors say that claim doesn\'t tell the full story. It doesn\'t account for the work that FTX lawyers put into liquidating and clawing back various investments Bankman-Fried made with customer money, they wrote.\nOwners of Bitcoin on FTX\'s platform wouldn\'t be able to take advantage of the rise in the cryptocurrency\'s prices because Bankman-Fried had already spent it, they wrote. Instead, they\'d get the November 2022 dollar amount for those currencies — far less than what they would be worth today.\nBankman-Fried, in his list, seemed cognizant of his political reputation. He donated primarily to Democrats in Congressional races. But, according totrial testimonyandmessages obtained by prosecutors, he participated in a straw donor scheme where he\'d funnel FTX customer funds through other executives to Republicans and right-leaning dark money groups.\nBankman-Fried wrote that he could highlight that aspect of his political spending on Carlson\'s show.\n"While public contributions show one thing, you see another thing including super pacs," he wrote.\nIn another list, Bankman-Fried came up with a list of "Allies."\nThe only person on that list is "Skreli,"an apparent reference to Martin Shkreli.\nBankman-Fried mused on politicians and reporters who "might be helpful" to him, including US Senator Cory Booker of New Jersey, Lewis, and Bloomberg columnist Matt Levine.\nIt was onBloomberg\'s "Odd Lots" podcastwhere Levine famously described Bankman-Fried\'s thoughts on cryptocurrency as "the Ponzi business."\nBankman-Fried thought he could give it another shot.\n"Go head to head with Matt Levine on Odd Lots, really lean in to arguments," he wrote.\nRead the original article onBusiness Insider', "After a tumultuous 2022 that saw crypto asset prices tank, the cryptocurrency market has come roaring back in the last 14 months. With this favorable backdrop in mind, it's not surprising that some of the most speculative tokens are on the way up.\nLook at dog-themed meme tokenShiba Inu(CRYPTO: SHIB). Yes, it remains 64% off its peak price from October 2021. But as of March 13, the digital asset has skyrocketed 238% in just the last month.\nGiven this powerful momentum, perhaps supporters are hoping there are better days ahead. Is Shiba Inu a top cryptocurrency to buy right now?\nShiba Inu's rise coincides with the ascent of its inspiration,Dogecoin, which has more than doubled in the past month. Another more under-the-radar token, calledPEPE, which isn't even one year old, has soared by a whopping 700% in the period.\nWhile it's impossible to know exactly what is causing these price spikes, we can point to a factor that is perhaps adding to buyers' excitement: the monster success of the new spotBitcoinexchange-traded funds(ETFs). Regulatory approval of these highly anticipated financial instruments lends a certain level of legitimacy to the entire asset class. Maybe investors are hoping for more crypto ETF approvals to happen.\nBecause Shiba Inu is viewed as one of the most speculative cryptocurrencies out there, it makes sense that its price can surge rapidly. Once early buyers get in, the price increase attracts more attention, creating a positive feedback loop. This momentum can be a powerful force, until it unpr **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: 2024-03-16 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,340,785,348,712 - Hash Rate: 600922569.4689952 - Transaction Count: 355760.0 - Unique Addresses: 621787.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.81 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: According to recent data, Bitcoins gobbled up by ETFs on Feb 28 are almost 10X higher than what miners produced. This kind of demand shock has set the stage for major FOMO. Here's the deal: Bitcoin ETFs just traded a record $7.6B volume the other day. Compare that to the average daily mint rate of about 900 Bitcoins from miners securing the network. And the gap keeps widening. In other words, institutional flows into crypto ETFs are completely overwhelming supply right now. No wonder BTC blasted through $60K this week. The bottom line is Wall Street can't get enough crypto - setting up a bullish backdrop as Bitcoin knocks on the door of a new all-time high. Now, let's quickly recap today's top stories: • Solana hits a 22-month high • Worldcoin acquires wallet maker Ottr Finance • New layer-2 Blast sees $1.9B locked after launch • Gaming token PORTAL starts trading • StarkWare releases open-source scaling tool And with that, let's dive into the details! While Bitcoin was doing its thing this week, Solana decided to throw its own parade. SOLjumped 11% in 24 hoursto hit $136 – its highest price since April 2022. Pretty big for a token that dipped below $10 just a few months ago thanks to FTX fallout. Talk about a comeback! And SOL’s rally boosted other projects in its orbit. Like Dogwifhat – a doggo meme coin on Solana – doubled in a week. Plus that popular memecoin called Bonk spiked over 50%. The crazy part is BTC’s only up 19% this past week while SOL clocked 33% gains. So what’s fueling this Solana space race exactly?Read the full story! Worldcoin – the project that signs up its users with iris scans –just acquireda wallet maker called Ottr Finance. Ottr builds Solana wallets with perks like connecting your bank account. So teaming up seems like a smooth move to get Worldcoin’s 3.9 million users set up with private keys. Considering Worldcoin launched less than a year ago, locking in almost 4 million humans for iris verification is pretty wild. So the Worldcoin project is all set to go now? Are we finally entering that Black Mirror episode where all our passports and IDs will be digital?Read the full story! Blast – a scaling network created by Blur –just went live yesterday. And there’s already over $1.9B locked up on the network. Here’s the tea... Blast was giving out rewards to users who deposited funds early. So people flooded in. But when it launched, some got cold feet because their funds had to be locked up for a while. So people started withdrawing their funds. The big Q remains... Can Blast compete with established L2s like Arbitrum and Optimism with early investors questioning its strategies?Read the full story! A new gaming token called PORTALjust went liveand is making waves across Polygon, Solana and other chains. This new gaming token is currently trading around $2.30 with a ~$400M market cap. If you participated in Portal’s farming last year, you can claim your tokens now. But some are complaining about issues based on geographical restrictions. The launch hype even attracted a whopping $9B worth of staked assets on Binance trying to score a piece of the 50M PORTAL token prize pool. So what is this game about? And does it reward users in tokens?Read the full story! StarkWarejust launched its newest toolto aid its scaling efforts - meet open-source tool called Stwo! Stwo is an efficient zero-knowledge proof generator aimed at cranking out privacy proofs quickly. We're talking about faster processing and lower costs for StarkNet users. At its core, Stwo uses next-gen STARK efficiency to securely verify users and data without exposing the deets. And the best part? StarkWare is releasing this proof-making code master into the open-source wilderness for anyone to play with. Will this tool help StarkWare become the top scaling solution? What do experts think?Read the full story! And that wraps up the latest and greatest in crypto. Stay tuned for more stories! Before you head out, take a sec to sign up for our newsletter below, and we'll deliver the hottest crypto stories straight to your inbox! Subscribe to Our Newsletter!... - Reddit Posts (Sample): [['u/Global_Jacket4962', 'PSA to whoever ', 37, '2024-03-16 00:04', 'https://www.reddit.com/r/SHIBArmy/comments/1bfr8ht/psa_to_whoever/', 'I’m pretty sure - but correct me if I’m wrong.\nWe are NOT- yet in the bull run.\nThe bull run takes place after bitcoin halving.\n\nAt least that’s how I remember it.\n\nIs this not the “accumulation stage”\n\nI feel like we’re in different dimensions right now because that’s definitely how I remember it ', 'https://www.reddit.com/r/SHIBArmy/comments/1bfr8ht/psa_to_whoever/', '1bfr8ht', [['u/rpaulson69', 10, '2024-03-16 01:19', 'https://www.reddit.com/r/SHIBArmy/comments/1bfr8ht/psa_to_whoever/kv2mw85/', 'Stacking frantically before 420 I am!', '1bfr8ht']]], ['u/Training-Daikon-7657', "CNBC's Fast Money (@CNBCFastMoney) on X", 46, '2024-03-16 00:24', 'https://www.reddit.com/r/TLRY/comments/1bfrowr/cnbcs_fast_money_cnbcfastmoney_on_x/', 'Institutional money about to flooooowwww in. Think what just happened with BTC after the approval of Bitcoin ETFs. \n\nTLRY from $1.8 to $25 then to $75', 'https://twitter.com/CNBCFastMoney/status/1768758916983185722', '1bfrowr', [['u/Tight_Gold_3457', 14, '2024-03-16 00:53', 'https://www.reddit.com/r/TLRY/comments/1bfrowr/cnbcs_fast_money_cnbcfastmoney_on_x/kv2j3eb/', 'So glad he said what he did!! He’s right too, this is just retail. What til big boys get in 🚀💰💎🙌🏻', '1bfrowr']]], ['u/Kronos5111', 'Theory about RIOT valuation ', 10, '2024-03-16 01:34', 'https://www.reddit.com/r/RiotBlockchain/comments/1bft8nq/theory_about_riot_valuation/', 'Was talking to someone about mining companies like RIOT and MARA. He thinks the stock is being shorted hard at the moment because of uncertainty if they will survive after the halving. He said he’s confident though BTC will keep going up to sustainable prices and that their infrastructure is sufficient and this will likely induce a short squeeze after a quarter or two of earnings and BTC price discovery.\n\nWhat do you think about this? In your opinion does it make sense or do you disagree?', 'https://www.reddit.com/r/RiotBlockchain/comments/1bft8nq/theory_about_riot_valuation/', '1bft8nq', [['u/ZekeTarsim', 10, '2024-03-16 01:59', 'https://www.reddit.com/r/RiotBlockchain/comments/1bft8nq/theory_about_riot_valuation/kv2sxzh/', 'Riot and Mara are being shorted, they are being shorted most of the time.\n\nThere are miners that may not survive the halving, Riot and Mara are not among them—both are well positioned to survive.', '1bft8nq']]], ['u/MemoryDealers', 'Now what?', 10, '2024-03-16 04:32', 'https://www.reddit.com/r/bsv/comments/1bfwtf1/now_what/', 'For those of us who are still interested in P2P electronic cash for the world, what is the next step? \n\n\n1. Continue forward with BSV?\n2. Switch back to BCH?\n3. Switch back to the hope of BTC?\n4. Switch to privacy chains like XMR?\n5. Switch to EVM stuff?\n6. Switch to privacy token platforms like [Zano.org](https://Zano.org) \n7. Do something else? \n', 'https://www.reddit.com/r/bsv/comments/1bfwtf1/now_what/', '1bfwtf1', [['u/StealthyExcellent', 22, '2024-03-16 05:04', 'https://www.reddit.com/r/bsv/comments/1bfwtf1/now_what/kv3hi3a/', "Can we at least all agree it's high time to stop accusing bitcoin devs of crazy conspiracies, extreme bad faith machiavellian schemes, hackings, etc. Especially if you don't have very strong evidence against particular individuals, and instead it's just based on a hunch that bitcoin is being subverted by some generic evil powers that be. I apply that to all the flavours of bitcoin if need be.", '1bfwtf1'], ['u/klawzewitz', 10, '2024-03-16 06:08', 'https://www.reddit.com/r/bsv/comments/1bfwtf1/now_what/kv3ocx9/', 'How is your lawsuit with Craig going? The one where he sued you for saying "Craig Wright is a liar and a fraud. Sue me.", both of which have been proven to be true at this point.', '1bfwtf1'], ['u/MemoryDealers', 16, '2024-03-16 06:48', 'https://www.reddit.com/r/bsv/comments/1bfwtf1/now_what/kv3s1pa/', 'I suspect he will drop the suit now, but currently he still has two pending against me.', '1bfwtf1'], ['u/HootieMcBEUB', 13, '2024-03-16 06:57', 'https://www.reddit.com/r/bsv/comments/1bfwtf1/now_what/kv3sw91/', 'Roger.\n\nThink back when Bitcoin was released and recall what the world was like with regards to electronic payments. They were difficult at best. People were rightfully leery. Paypal was barely off the ground if at all. eBay transactions were handled with USPS money orders.\n\nNow we have Google, Apple, PayPal, and many other payment processing options that ease the friction of online electronic cash for many 3rd party sellers.\n\nIt seems like it would be really difficult and highly unlikely for a cryptocurrency to become so wildly popular that it would be accepted at any location that also accepted Visa or Mastercard.\n\nIf anyone could do it, it might be Square given they have the infrastructure for payment processing already in place. Adding a Bitcoin option would be trivial, if they haven\'t done it already.\n\nBSV was never a contender for electronic cash. Once they forked from BCH, they moved to "big data" and started faking big blocks with pictures of hotdogs and toast on a plate (not joking).\n\nSo while I appreciate your message, I think the forks of Bitcoin have been bad for Bitcoin. They haven\'t shown themselves to be anything I would put faith into as the value and parity of BCH to BTC has been a real loser for those who held bags of BCH.', '1bfwtf1'], ['u/shadders333', 13, '2024-03-16 07:15', 'https://www.reddit.com/r/bsv/comments/1bfwtf1/now_what/kv3ue58/', "You can post in r/bitcoinsv \n\nIt's not as active but I am the only mod as I removed the other. alAnd I've unbanned most of the people that other mods banned over the years.", '1bfwtf1']]], ['u/yourfavoritepenguin7', 'Every time you’re considering selling, read this post! ', 142, '2024-03-16 04:34', 'https://www.reddit.com/r/solana/comments/1bfwuv8/every_time_youre_considering_selling_read_this/', 'The date is March 12, 2028. The next Bitcoin halving is a month away. \n\n6 months ago, Solana has stolen the 2nd place spot from Ethereum. Making ETH third down the list on Coinmarketcap!\n\nPeople on Reddit are celebrating and making post about how they just became a Solana whole coiner.\n\nSolana has hit an ATH of $7,426.97 \n\nYou own zero SOL.. Unfortunately, you decided to listen to the naysayers. Now you’re kicking yourself. Because back in 2024, you could’ve bought in at $180. But you either didn’t buy or you sold.. \n\nLet’s not forget about the bear market of 2025 when SOL reaches $58. This whole time you could’ve been stacking. But you sold instead.. \n\nNow the people who held and kept stacking since 2024 are buying fully loaded SUVs in cash, and paying off their mortgages. \n\nAm I saying you should put your life savings is SOL? NO! \n\nBecause I don’t know what’s going to happen and SOL can go to $0.0000364 like Terra Luna did. But all I’m saying is, it doesn’t hurt to buy a little here and there. Maybe 1 SOL a month? Whatever you can afford to lose! \n\nJust remember, at one point Ethereum was in the $100 to $200 price range. And Ethereum sucks compared to Solana. This is our second chance! SOL is gonna be massive! \n\nAnd like my Grammy always said, you gotta be in it, to win it! \n\n\n', 'https://www.reddit.com/r/solana/comments/1bfwuv8/every_time_youre_considering_selling_read_this/', '1bfwuv8', [['u/Fine-Friendship-1292', 83, '2024-03-16 04:58', 'https://www.reddit.com/r/solana/comments/1bfwuv8/every_time_youre_considering_selling_read_this/kv3gsq2/', 'So this is one of those times where circulating supply matters…. Solana having over 2 trillion market cap is HIGHLY unlikely', '1bfwuv8'], ['u/LetsPost', 66, '2024-03-16 05:10', 'https://www.reddit.com/r/solana/comments/1bfwuv8/every_time_youre_considering_selling_read_this/kv3i8pn/', "I'm guessing OP doesn't understand most of those words.", '1bfwuv8'], ['u/Whocanmakemostmoney', 35, '2024-03-16 05:12', 'https://www.reddit.com/r/solana/comments/1bfwuv8/every_time_youre_considering_selling_read_this/kv3ihkv/', 'Solana has more circulation supply than ethereum', '1bfwuv8'], ['u/tio_aved', 76, '2024-03-16 05:14', 'https://www.reddit.com/r/solana/comments/1bfwuv8/every_time_youre_considering_selling_read_this/kv3ip5b/', "I like your enthusiasm, but I'd say more realistically we got an ATH of $800-$1000 in late 2025.", '1bfwuv8'], ['u/ZekeTarsim', 11, '2024-03-16 05:17', 'https://www.reddit.com/r/solana/comments/1bfwuv8/every_time_youre_considering_selling_read_this/kv3iyn3/', 'If your Grammy is so smart, how many SOL does she have?', '1bfwuv8'], ['u/Awkward_Potential_', 27, '2024-03-16 05:21', 'https://www.reddit.com/r/solana/comments/1bfwuv8/every_time_youre_considering_selling_read_this/kv3jfo1/', "You're right. It's unlikely. But, ETH has onboarded a small town's worth of people. That's it. It's not a ton of people. \n\nIf Solana gets a killer app on it (Hivemapper, Parallel Colony, DripHaus, Helium Mobile, Teleport, I could probably name 10 more contenders) I think you're sleeping on our chances. If 10% of Uber drivers decide that a Hivemapper dashcam is a sweet way to make an extra $200 a week (conservative estimate honestly) then that's already going to lead to more SOL holders. \n\nHonestly it's not even crazy to think it could happen this cycle. If Solana reaches an escape velocity, it'll get some ETH money flowing into it.", '1bfwuv8'], ['u/Golf_Euphoric', 40, '2024-03-16 05:43', 'https://www.reddit.com/r/solana/comments/1bfwuv8/every_time_youre_considering_selling_read_this/kv3ltgg/', 'I agree with your price range but I disagree with the timeframe. \n\nI think it will be mid end 2024 into early 2025.\n\nSolana this cycle is an early mover so this is how I came out this thesis.', '1bfwuv8'], ['u/Odd_Delay220', 12, '2024-03-16 05:59', 'https://www.reddit.com/r/solana/comments/1bfwuv8/every_time_youre_considering_selling_read_this/kv3neiu/', 'Sold 65% of my ... 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:** ['WithBitcoin(CRYPTO: BTC)surging past the $70,000 price level to set a new all-time high, crypto investors are naturally starting to wonder just how much higher it can go. Cathie Wood of Ark Invest is now predicting that Bitcoin could hit a price of $1 million before 2030, so there is a very real possibility that some of these investors could one day become crypto millionaires.\nBut doesBitcoinhave the potential to be a billionaire-maker? In other words, by making a very modest investment in Bitcoin right now, is it ever possible that you could become a billionaire? Let\'s take a closer look at what would need to happen.\nThe starting point for considering Bitcoin\'s "billionaire-maker" potential is analyzing its historical returns. By just about any standard possible, these returns have been eye-popping. Considering that Bitcoin first broke through the $1 mark in February 2011, it is remarkable that Bitcoin is now trading around $70,000 just 13 years later.\nThe numbers are even more impressive when you stack them up against the performance of other asset classes. During the period from 2011 to 2021, Bitcoin was the single best-performing asset class in the world. During that time period, Bitcoin had annualized returns of 230% per year, compared to just 20% per year for high-growth tech stocks.\nObviously, there\'s danger in extrapolating too much from these numbers. After all, past performance is no guarantee of future performance. That being said, Bitcoin returned 150% last year, and is up another 70% this year. So while Bitcoin may no longer deliver the types of 230% annualized returns that it did during its heyday, it still has the potential to deliver tremendous potential upside.\nWith these historical returns as a starting point, it\'s then possible to consider just how much higher Bitcoin might go in the future. The one price prediction that everyone is talking about is the one made by Cathie Wood of Ark Invest. In early 2022, she predicted that Bitcoin would hit a future price of $1 million by the year 2030. Sheincreased that prediction to $1.48 millionin 2023, and then to $2.3 million in 2024.\nAnd there are plenty of investment managers and fund strategists who offer even more aggressive price predictions for just how much higher Bitcoin might go. According to Tom Lee, managing partner and head of research for Fundstrat Global Advisors, Bitcoin could hit a price of $10 million within the next 25 years.\nDuring the peak of the last Bitcoin bull market rally, Jurrien Timmer, Director of Global Macro for Fidelity Investments, predicted that Bitcoin would hit a price of $1 billion by the year 2038. This is obviously a highly controversial prediction, but it does introduce a very tantalizing possibility: Invest just $72,000 today (the cost of a single bitcoin) and you could be a billionaire by the year 2038.\nThe only problem, of course, is that there are some very real-world constraints on just how much higher Bitcoin can go. For example, consider a number known as the Global Investable Asset Base. This describes the total amount of wealth that can be invested in the world. According to Ark Invest, this number is currently $250 trillion.\nThis number is significant because Ark Invest thinks that close to 20% of the world\'s Global Investable Asset Base could one day be invested in Bitcoin. According to Cathie Wood, that massive new influx of money could be the key factor that sends Bitcoin soaring to $2.3 million.\nFor the sake of our "billionaire-maker" thought experiment, let\'s consider this to be the upper boundary for the price of Bitcoin. It\'s hard to imagine more than 20% of the world\'s wealth being invested in Bitcoin, and even this allocation might strike some as outlandish.\nBut at least it gives us a roadmap of how to get to $1 billion. If Bitcoin eventually hits a price of $2 million, then you would need to hold 500 bitcoins to become a billionaire. At today\'s prices, that would imply an investment of roughly $35 million.\nWhile the chances of becoming a Bitcoin billionaire are unlikely (unless you happen to have $35 million hiding under your mattress at home), they are not impossible. According to the latestCrypto Wealth Report, there were six Bitcoin billionaires in the world at the end of 2023. Most likely, these are investors who recognized the future potential of Bitcoin when it was trading for just $1, and then held on for dear life as it hit new all-time high after new all-time high over the next decade.\nIf Bitcoin soars from $70,000 to $1 million, it might still be possible to see a more than 10x return on your crypto investment. However, the days of 100x and 1,000x returns may be over, and that would limit your chances of becoming a crypto billionaire. That being said, I\'m sure not many people would quibble with the prospect of becoming a crypto millionaire instead.\nShould you invest $1,000 in Bitcoin right now?\nBefore you buy stock in Bitcoin, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has\xa0more than tripled\xa0the return of S&P 500 since 2002*.\nSee the 10 stocks\n*Stock Advisor returns as of March 11, 2024\nDominic Basultohas positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has adisclosure policy.\nCould Bitcoin Be a Billionaire Maker?was originally published by The Motley Fool', 'WithBitcoin(CRYPTO: BTC)surging past the $70,000 price level to set a new all-time high, crypto investors are naturally starting to wonder just how much higher it can go. Cathie Wood of Ark Invest is now predicting that Bitcoin could hit a price of $1 million before 2030, so there is a very real possibility that some of these investors could one day become crypto millionaires.\nBut doesBitcoinhave the potential to be a billionaire-maker? In other words, by making a very modest investment in Bitcoin right now, is it ever possible that you could become a billionaire? Let\'s take a closer look at what would need to happen.\nThe starting point for considering Bitcoin\'s "billionaire-maker" potential is analyzing its historical returns. By just about any standard possible, these returns have been eye-popping. Considering that Bitcoin first broke through the $1 mark in February 2011, it is remarkable that Bitcoin is now trading around $70,000 just 13 years later.\nThe numbers are even more impressive when you stack them up against the performance of other asset classes. During the period from 2011 to 2021, Bitcoin was the single best-performing asset class in the world. During that time period, Bitcoin had annualized returns of 230% per year, compared to just 20% per year for high-growth tech stocks.\nObviously, there\'s danger in extrapolating too much from these numbers. After all, past performance is no guarantee of future performance. That being said, Bitcoin returned 150% last year, and is up another 70% this year. So while Bitcoin may no longer deliver the types of 230% annualized returns that it did during its heyday, it still has the potential to deliver tremendous potential upside.\nWith these historical returns as a starting point, it\'s then possible to consider just how much higher Bitcoin might go in the future. The one price prediction that everyone is talking about is the one made by Cathie Wood of Ark Invest. In early 2022, she predicted that Bitcoin would hit a future price of $1 million by the year 2030. Sheincreased that prediction to $1.48 millionin 2023, and then to $2.3 million in 2024.\nAnd there are plenty of investment managers and fund strategists who offer even more aggressive price predictions for just how much higher Bitcoin might go. According to Tom Lee, managing partner and head of research for Fundstrat Global Advisors, Bitcoin could hit a price of $10 million within the next 25 years.\nDuring the peak of the last Bitcoin bull market rally, Jurrien Timmer, Director of Global Macro for Fidelity Investments, predicted that Bitcoin would hit a price of $1 billion by the year 2038. This is obviously a highly controversial prediction, but it does introduce a very tantalizing possibility: Invest just $72,000 today (the cost of a single bitcoin) and you could be a billionaire by the year 2038.\nThe only problem, of course, is that there are some very real-world constraints on just how much higher Bitcoin can go. For example, consider a number known as the Global Investable Asset Base. This describes the total amount of wealth that can be invested in the world. According to Ark Invest, this number is currently $250 trillion.\nThis number is significant because Ark Invest thinks that close to 20% of the world\'s Global Investable Asset Base could one day be invested in Bitcoin. According to Cathie Wood, that massive new influx of money could be the key factor that sends Bitcoin soaring to $2.3 million.\nFor the sake of our "billionaire-maker" thought experiment, let\'s consider this to be the upper boundary for the price of Bitcoin. It\'s hard to imagine more than 20% of the world\'s wealth being invested in Bitcoin, and even this allocation might strike some as outlandish.\nBut at least it gives us a roadmap of how to get to $1 billion. If Bitcoin eventually hits a price of $2 million, then you would need to hold 500 bitcoins to become a billionaire. At today\'s prices, that would imply an investment of roughly $35 million.\nWhile the chances of becoming a Bitcoin billionaire are unlikely (unless you happen to have $35 million hiding under your mattress at home), they are not impossible. According to the latestCr **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: 2024-03-17 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,315,323,061,875 - Hash Rate: 609268716.2671757 - Transaction Count: 366109.0 - Unique Addresses: 601779.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.79 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- Apple Inc. is opening its US App Store to allow outside payment options after the Supreme Court refused to consider the company’s appeal in an antitrust suit challenging its practices. Most Read from Bloomberg Florida Governor DeSantis Drops Out of 2024 Race, Endorses Trump Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk Gloom Over China Assets Is Spreading Beyond Battered Stocks Trump Retires ‘DeSanctimonious’ Insult After DeSantis Backs Him Putin Orders Hunt for Property of Russian Empire, Soviet Union The company plans to let all third-party apps sold in the US include an outside link to a developer website to process payments for in-app purchases. That will bypass Apple’s own payment system, which charges developers a commission of either 15% or 30%. Still, the iPhone maker said it would attempt to collect a 12% or 27% revenue share from developers that opt out of the Apple system. The Supreme Court decision let stand a 2023 appeals court ruling that found Apple’s business model didn’t violate antitrust laws, but that it did flout California’s Unfair Competition Law by limiting the developers ability to communicate about alternate payment systems that may cost less. Both Apple and Fortnite maker Epic Games Inc. had asked the court to hear an appeal related to the case. The justices turned down the appeals without explanation. Apple shares slid as much as 2.7% after the court’s announcement before paring their decline. The stock was down 1.2% to $183.63 at the close in New York. Developers will need to apply for an “entitlement” to be able to use outside payments systems. Apple previously allowed reader apps — a category that includes video streaming and book reading applications — to point users to the web to sign up for subscriptions. Apple will warn customers when they press a link to conduct purchases outside the App Store before letting them proceed. “As of today, developers can begin exercising their court-established right to tell US customers about better prices on the web,” Epic Chief Executive Officer Tim Sweeney said in a thread on the social media site X, formerly known as Twitter. Story continues But he took issue with Apple’s plan to charge what he called a “27% tax” on web transactions. If app developers have to pay that fee to Apple and a cut of 3% to 6% to third-party payment processors, they can’t afford to offer lower costs to consumers, he said. Sweeney also described Apple’s planned warning to customers as a “scare screen.” “Epic will contest Apple’s bad-faith compliance plan in District Court,” he said. Billions of dollars are at stake. In app spending is forecast to reach $182 billion this year and $207 billion in 2025, according to research firm Sensor Tower. And competitors are ready to steal a piece of it: Microsoft Corp. has said that it’s already in talks to launch a mobile app store focused on gaming. The 9th US Circuit Court of Appeals last year largely affirmed a lower-court judge’s 2021 decision largely rejecting claims by Epic that Apple’s online marketplace policies violated federal antitrust law because they ban third-party app marketplaces on its operating system. The appeals court also upheld a federal judge’s ruling that the iPhone maker’s practices don’t violate federal antitrust law, rejecting the bulk of Epic’s case against Apple’s App Store. That decision had been on hold while the Supreme Court appeals were pending. The high court’s decision ended a temporary stay in the case. The Epic case was the first to challenge Apple’s lucrative App Store system, which rakes in billions of dollars each year. In the interim, the company has come under serious pressure around the world, including in Europe where competition enforcers have two antitrust cases pending against the tech giant. EU authorities are expected to fine the company later this year for allegedly using its App Store rules to thwart music-streaming rivals like Spotify Technology SA. In a separate Epic suit in December, a jury found that Alphabet Inc.’s Google unfairly wields monopoly power in its Android app store. Google has said it plans to appeal, but key legislation in Europe — as well as investigations in the US and UK and an expected wave of follow-on lawsuits — will keep pressure on the tech giants’ app store duopoly. The cases are Apple v. Epic, 23-244, and Epic v. Apple, 23-337. (Updates with Epic Games’ response in eighth paragraph. A previous version of the story corrected a reference to Spotify’s name.) Most Read from Bloomberg Businessweek The Downfall of Diddy Inc. How Sweden Quit Smoking Without Quitting Nicotine The Bitcoin Hype Is Back and About Just as Hollow as Before Japan’s Market Roars Back to Life—With Old-Timers Leading the Way ©2024 Bloomberg L.P.... - 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:** ['• Kalshi will list prediction markets on crypto price outcomes (e.g. "How high will ETH get in 2024?").\n• The bets will be settled in U.S. dollars, like all others on Kalshi.\n• Unlike rival Polymarket, Kalshi can do business in the U.S.\nKalshi, the lone regulated prediction market platform in the U.S., is moving to grab a piece of the crypto action as digital currencies bounce back from a two-year slump.\nStarting Monday, the New York-based company will let clients bet on five differentcryptocurrency price outcomes, a company spokesperson told CoinDesk. Examples include when bitcoin {{BTC}} willreach $100,000and the highest price Ethereum\'s ether {{ETH}} willreach in 2024. Additional markets are set to launch on Tuesday.\nTo be clear: While these bets areaboutcrypto, they will be placedinU.S. dollars, like all other markets on Kalshi. Traders on the platform have bet on questions such ashow many rate cutsthe Federal Reserve will make this year,how many inches of snowwill fall in New York in March, andwho would win the Oscarfor best screenplay.\nKalshi\'s move into crypto comes at the apparent dawn of a bull market for digital assets, as the launch of bitcoin exchange-traded funds and other factors have sent prices soaring. TheCoinDesk 20 Indexof major digital assets is up nearly 50% this year.\nThe move also coincides with renewed investor interest in prediction markets, which for decades were relegated to a niche activity and academic hobbyhorse. In December, Bitwise Investments researchersforecastedthat "[m]ore than $100 million will be staked in prediction markets as they emerge as a new \'killer app\' for crypto" in 2024. Former U.S. President Donald Trump has regularly beenposting screenshots of his favorable odds for retaking the White House on Polymarket, a crypto-based prediction market.\nRead more:What Prediction Markets Are Forecasting for Crypto in 2024\nAdvocates say prediction markets have a loftier purpose than gambling: By requiring participants to put their money where their mouths are, the argument goes, they revealwhat people truly believe, offering a corrective tofallible pollsand pusillanimous pundits.\nTypically, prediction markets are framed as yes-or-no questions about verifiable outcomes within a set time period. For example, on Kalshi\'s "US bans TikTok this year?" market, "yes" shares were trading Sunday at 25 cents, signaling the market saw a 25% chance of a ban before Dec. 31, and "no" shares were changing hands at 78 cents. Each share pays out $1 if the prediction turns out to be correct, and bupkis if it\'s wrong.\nBy letting clients bet on crypto, Kalshi is following in the footsteps of a rival prediction market site, Polymarket, which as of Sunday listed nearly40 marketson crypto-related outcomes.\nPolymarket is barred from doing business in the U.S. under a settlement with the Commodity Futures Trading Commission. That leaves an opening for Kalshi, which is licensed by the CFTC, to pick up business from U.S. traders who want to speculate on crypto price movements (or hedge positions) without buying or selling crypto.\nRead more:Prediction Markets Can Hedge Crypto Startups\' Regulatory Risk, Paradigm Says\nThe agency\'s imprimatur is a double-edged sword. Kalshi isfighting the CFTC in courtfor the right to list markets asking which party will control each house of the U.S. Congress.\nPredictIt, a popular site for (dollar-denominated) election betting, operates in the U.S. under a no-action letter, or special exemption, from the CFTC that restricts the platform\'s growth and activities. It, too, sued the CFTC after the regulator ordered it toshut down.\nLast week CFTC chairman Rostin Benham said that his agency would propose a rule in the coming monthsto establish new regulations for prediction markets.', 'Zurich, March 18th, 2024 - The Switzerland-based protocolLiqwid Finance,in partnership with the issuerIssuance.Swiss AG, is launching CASL, an innovative ETP in the world of staking digital assets. CASL not only captures the performance of the underlying ADA, managed by the Cardano Foundation, but also the interest earned by staking the token. Distributed as an ETP (Exchange Traded Product), the product is accessible to all kind of investors from Thursday last on the Zurich stock exchange, the SIX Swiss Exchange (ISIN code CH1327686056 - Ticker CASL).\nForFlorian Volery, co-founder of Liqwid Finance, "CASL offers all the advantages of traditional and decentralized finance. It\'s a low-cost, liquid, institutional-quality product". He has designed this ETP which, not only follows the developments of the ADA token, a crypto asset launched in 2017 by Cardano, but reaps the returns of staking this token on Cardano\'s blockchain, the most decentralized to date. "With CASL, we want to take a new step," emphasizes Florian Volery, "one that will bridge the gap between traditional and digital asset management. Until now, most of the financial instruments available to investors in the crypto universe gave them access to developments in the underlying assets (Bitcoin, Ethereum, ADA, etc.). We\'re going one step further, by putting ADA\'s outstanding assets to work and redistributing the interest to investors." Investors benefit from a double return on their investment, as well as lower management fees (1.5%) than the average of competing products.\nSwiss engineering, 100% secure\nIn addition to its above-industry-average return prospects, the CASL ETP has a particularly controlled risk profile. It is 100% backed by physical crypto asset: ADA tokens, that are real assets, held in a "cold" (offline) wallet. The staking of the ETP\'s ADA tokens is carried out by Liqwid on the Cardano network, the only one not to have suffered an outage over the last five years, compared with its biggest competitors who also have a proof-of-stake consensus (Solana, Ethereum, Avalanche)."CASL makes it simple for investors, without the need for a crypto-currency portfolio or specific knowledge, to earn money while contributing to the decentralization of finance," summarizesBruce Jackson, Head of Digital Assets at Apex Group. This decentralisation is the key to the future of an inclusive world, in which millions of people who don\'t have access to banking infrastructures can participate."\nThe CASL ETP offers instant liquidity without any constraints, as Cardano\'s blockchain does not foresee any lock-in period for the assets at stake. The entire value chain involves Swiss players, a further guarantee of security.\nThe launch price was set at USD$25 and is available in 2 additional currencies (CHF and €) which represents an real exposure of 39 ADA (price of 1 ADA for ~USD$0.64 | 12.03.2024).\nTo find out more:\xa0please use the issuer\'s websitehttps://issuance.swiss/products/\nPress Contact:[email protected] +41 79 269 53 31\nAbout Liqwid Finance\nLiqwid is a liquidity protocol for lending and borrowing Cardano native assets. The Liqwid protocol is composed of decentralized, audited smart contracts built on the Cardano blockchain.\nSmart contracts enable users to deposit liquidity into a money market, earn interest and open over-collateralized loans directly, without intermediaries and in a secure manner.\nThe platform was launched in February 2023 and currently holds over $70 million in assets on its protocol. Liqwid\'s mission is to build bridges between decentralized and traditional finance, with the aim of financing the real economy through blockchain technology.\nAbout Cardano Foundation\nThe Cardano Foundation is an independent non-profit organization based in Switzerland, responsible for promoting the Cardano blockchain as public infrastructure across a wide range of industries. Based in Zug, Switzerland, the foundation oversees the developments of Cardano, which is an open source blockchain built through peer-reviewed research and a platform for executing smart contracts. The cryptocurrency used on Cardano is called Ada. Launched by Charles Hoskinson, the co-founder of the Ethereum token, Cardano is the first blockchain platform to be secure enough to protect billions of data, scalable enough to adapt to global systems and robust enough to support fundamental changes.\nAbout Issuance.Swiss AG\nIssuance.Swiss AG is a dedicated SPV, fully customised plug and play ready to admit financial products on regulated European stock markets and brings vanilla and complex digital assets strategies to the regulated markets wrapped and in the form of a publicly listed ETP. Incorporated in Zug Switzerland and through its standalone set up, the SPV is able to list client strategies from European and US clients who currently have compliance constraints in managing digital assets. In return the client can enjoy a whitelabel revenue solution (net of administrative costs) as the product is fully scalable and open ended through a creation redemption proposition and its time to market is estimated for admissions to the stock exchanges to be within 8 weeks from engagement. The SPV is fully equipped and onboarded with key service providers while the SPV takes control of all the operational burden.', '• SOL and BOME received the most crowd attention over the weekend, according to data tracked by Santiment.\n• Both cryptocurrencies have outperformed ETH, BTC and the broader market in the past seven days.\n• Increased crowd chatter may be a sign of an impending retail investor frenzy.\nSolana’s SOL and The Book of Meme (BOME), the meme coin built on Solana, were the top two trending tokens on crypto social media over the weekend, data tracked by Santiment shows.\n“$BOME and $SOL are the top two trending assets across X [formerly Twitter], Reddit, Telegram, and 4Chan due to their outperforming the markets as of late. The crowd continues to regard Solana and associated meme coins as viable alternatives to Ethereum-based projects,”Santiment saidin a market insights post.\nSOL’s price has surged 45% in seven days, tapping highs **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: 2024-03-18 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,350,129,204,200 - Hash Rate: 600922569.4689952 - Transaction Count: 416270.0 - Unique Addresses: 673489.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.77 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Right now,Bitcoin(CRYPTO: BTC)looks unstoppable. It's up about 20% during the past week, and nearly 50% for the year. At a price of about $62,000,Bitcoinis remarkably close to hitting its all-time high of $69,000. So is now the time to go all in on Bitcoin, as much of Wall Street seems to be doing right now? Or are there better buys out there right now? Let's take a closer look. Bitcoin's remarkable run this year seems to be driven primarily by one key catalyst: the introduction ofnew spot Bitcoin exchange-traded funds (ETFs)in January. These have been extraordinarily successful by just about any metric that you want to use. The net inflows into the most popular spot Bitcoin ETFs have been truly astounding. For example, take the newiShares Bitcoin Trust(NASDAQ: IBIT)fromBlackRock. In just over one month, the fund has gone from holding zero Bitcoin to holding 100,000 coins. Investor inflows are coming in at $500 million per day. The iShares Bitcoin Trust ETF now has almost $7 billion in assets under management, and the new inflows show no signs of stopping. And it's not just the BlackRock Bitcoin ETF. There are two other spot Bitcoin ETFs with more than $1 billion in assets under management. Given all of this buying momentum, Bitcoin still looks like a screaming buy. If net ETF inflows begin to fall off, then that might be a warning signal that the Bitcoin rally is starting to lose momentum. But that doesn't seem to be the case right now. In fact, if anything, institutions appear to be ramping up their allocations to Bitcoin. Moreover, there's the upcoming Bitcoin halving in April to consider. These halving events, in which the rate of new Bitcoin production is cut by one-half, occur only once every four years and are highly anticipated by the crypto market. Historically, they have been catalysts for tremendous Bitcoin rallies. In fact, in three previous Bitcoin halving cycles (2012, 2016, and 2020), the price of Bitcoin has soared to a new all-time high. Given that the halving is less than two months away, and we're already close to the $69,000 price level, it almost seems like a foregone conclusion that Bitcoin is going to hit a new all-time high sometime before the start of summer. While the general case for buying Bitcoin looks good, there are some obvious warning signals to consider. One of these is the Fear & Greed Index, which is now flashing strong warning signs. It is now at its highest levels since Bitcoin hit its all-time high in November 2021. Long story short, investors are becoming greedy again, much as they were in the last bull market cycle. They are buying Bitcoin hand over fist. The fear of missing out (FOMO) is making the average investor irrational and too focused on short-term gains. And that leads to the next observation -- it's quite likely that Bitcoin could experience one final correction before hitting a new all-time high. Crypto traders like to point out that Bitcoin never hits an all-time highbeforethe start of a halving cycle. It always occursafterthe halving event, and it usually takes anywhere from 12 to 18 months. So some are becoming very uneasy about the prospect of Bitcoin peaking too early. Bitcoin wasn't supposed to hit a new all-time high until after April! And that's where the inherent volatility of Bitcoin should be cause for concern. Yes, Bitcoin can go up 10% in a single day. But it can also go down 10% in a single day. And while Bitcoin is up 50% this year, and 150% in 2023, it was down 65% in 2022. Granted, with the arrival of so much new institutional money, the volatility of Bitcoin could be declining. But there is still risk that you could wake up after a very nice night of sleep only to find out that your Bitcoin nest egg has shrunk considerably. Ultimately, the decision of whether to buy Bitcoin should not be based on short-term market fluctuations. Tracking the day-to-day volatility of Bitcoin can be overwhelming. Only buy Bitcoin if you feel confident about its long-term prospects as an entirely new asset class that belongs in your portfolio for both upside and diversification purposes. Right now, there is simply no other cryptocurrency that I'm as confident about buying and holding for the long term. I'm bullish on Bitcoin, and fully expect it to smash through its all-time high of $69,000 on the path to $100,000 before the end of the year. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of February 26, 2024 Dominic Basultohas positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has adisclosure policy. Should You Buy Bitcoin While It's Close to Hitting an All-Time High of $69,000?was originally published by The Motley Fool... - 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 the collapse of FTX Trading Ltd. in 2022, many wrote off Solana and thought that the project was dead. However, the project overcame the odds and has made, according to some, a complete comeback. The price recently surpassed the $200 level, and it is nearing its all-time high of $260 set in November 2021.\nDon\'t Miss:\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\n• About 22% of the adult population in the U.S. own a share of Bitcoin,how much would $10 get you today?\nSolana\'s resurgence has been primarily driven by the projects that are using its chain. While these protocols can range from a distributed computing network to artificial intelligence (AI) protocols, some of the most popular projects are meme coins.\nSolana has become a playground for new meme coins, many of which have become extremely popular. Relatively new tokens, such as Bonk (BONK) and dogwifhat (WIF) have broken into the top 50 tokens by market cap and made many investors rich.\nNew tokens are also popping up seemingly every day. In the past week, a handful of new tokens were released through a new method called a presale.\nThe system works by having investors send SOL tokens to a wallet in exchange for an allocation of new tokens when the project is launched. The amount of tokens you receive depends on the initial amount you send and the overall demand for the project. Ideally, you would invest in a project with small amounts of initial demand to secure lots of tokens, but then see it pick up steam, resulting in huge gains. This is what happened last week with tokens BOOK OF MEME (BOME), Slerf (SLERF) and Snap (SNAP).\nTrending: Bitcoin To $100,000?Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast.\nBOME and SNAP are based on the Pepe meme, popularized in the early 2000s, while SLERF is based on a meme of a sloth. All of these tokens used a presale, bringing in investments of several million dollars, which soon turned into billions.\nIn terms of price increases, the tokens saw massive price swings and huge returns within hours of launch.\n• BOME saw a price increase of over 37,000% within the first three days.\n• SLERF went from $0.02 to nearly $1.40 within three hours, marking a gain of over 6,100%.\n• SNAP increased by over 600% in three hours.\nTo become a millionaire with BOME, an initial investment of around $2,700 was required. For SLERF, you would have had to invest $16,400 to become a millionaire. Lastly, an investment of $159,000 into SNAP would have turned into $1 million.\nWhile it may not seem like the brightest idea to invest huge amounts into such volatile assets, many people did. One example is Solana user sundayfunday.sol, who invested $72,000 in BOME, which turned into over $30 million. The investor took several million in profits and inverted the rest into other meme coins.\nWhile most of the recent presale meme coins have fallen considerably in value, they are still well above their initial listing price.\nSome are saying that this new presale phenomenon is the peak of meme coin degeneracy; users are throwing money at what could very well be a rug-pull scam. Others point out that people are flocking to SOL to buy these meme coins. So, which will it be? Will these meme coins continue to drive the price of SOL higher, or will they all come crashing down? Only time will tell.\nRead Next:\n• Bitcoin has jumped nearly 50% already this year –how much would you need to get started today\n• Large boom in cryptocurrency and metaverse interest as BTC skyrockets —has Apple Vision Pro increased the demand for virtual real estate?\n"ACTIVE INVESTORS\' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n• APPLE (AAPL): Free Stock Analysis Report\n• TESLA (TSLA): Free Stock Analysis Report\nThis articleSolana Meme Coin Mania: BOME, SLERF And SNAP Print Millionaires Overnightoriginally appeared onBenzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', '• A renewed wave of AI enthusiasm helped push the stock market higher on Monday.\n• Nvidia is set to unveil new products at its GTC conference, while a report says Apple and Google could strike a deal on AI.\n• Investors are also paying attention to the Federal Reserve\'s upcoming FOMC meeting on Wednesday.\nA renewed wave of investor enthusiasm toward artificial intelligence helped push the stock market higher on Monday.\nShares of Nvidia jumped just over 1% as the company hosted its annual GPU Technology Conference. Nvidia CEO Jensen Huang was kicking off a highly anticipated two-hour keynote address as the market headed into the closing bell, with investors expecting details on the company\'s upcoming launch of next-generation GPU chips, including the B100, which will be the successor to its wildly popular H100.\nMeanwhile, earlier in the day areport from Bloomberg helped spark a sharp rally in shares of Alphabetduring the session. The search giant saw its stock price surge about 5% after Bloomberg said Apple may utilize Alphabet\'s Gemini AI chatbot in its upcoming iPhone release.\n"We do think that GOOGL is best positioned to win any external deal for AI on AAPL\'s devices given the strong search partnership the two already have," CFRA analyst Angelo Zino said.\nAside from AI developments, investors will turn their attention to the Federal Reserve\'s two-day policy meeting set to begin on Tuesday. While central bankers are expected to leave the benchmark rate unchanged, Fed Chairman Jerome Powell\'s speech will be closely listened to by investors to gauge when the Fed may begin to cut interest rates.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Monday:\n• S&P 500:5,149.42, up 0.63%\n• Dow Jones Industrial Average:38,790.43, up 0.2% (+75.66 points)\n• Nasdaq Composite:16,103.45, up 0.82%\nHere\'s what else happened today:\n• Millennial women are taking over the economyas female participation in the prime-age workforce surges, according to Ned Davis Research.\n• Wall Street is ramping up its bets that the US economy will experience a soft landing,meaning no recession ahead.\n• A trade war between the US and China is likely regardless of who wins the Presidency in 2024, according to Capital Economics.\n• The housing market is expected to stay exceptionally strong in the Southdue to strong employment trends and relative affordability.\n• Bitcoin could soar 266% to $250,000 next year if inflows into bitcoin ETFs remain strong,according to Standard Chartered.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil jumped 2.13% to $82.30 a barrel.Brent crude, the international benchmark, climbed by 1.97% to $87.02 a barrel.\n• Goldrose by 0.12% to $2,164.00 per ounce.\n• The 10-year Treasury yield rose one basis point to 4.33%.\n• Bitcoindropped by 2.06% to $66,953.\nRead the original article onBusiness Insider', 'THE HAGUE, Netherlands and SAN FRANCISCO, CA - (NewMediaWire) - March 19, 2024 - Developers sponsored by the Peercoin Foundation this week announced the release ofPeercoin v0.13(Codename Anisoptera) and offered insight into proposals for future upgrades.\nAs per tradition, the Peercoin releases follow the tick-tock release schedule. v0.13 is the "tick" release, which brings about a fresh codebase and sets the stage for the upcoming "tock" v0.14 release.\nPlans for the release of v0.14, which will be a hard fork, are currently being drafted through the RFC process which is notably open and transparent. Any interested party is welcome to submit their proposals for improvements to the Peercoin protocol, thereby fostering a collaborative and inclusive development environment.\nProposed Protocol Upgrades\nRFC-0028- Optimal Stake Split and Combine:This proposal would make the Peercoin wallet smarter so it automatically helps stakers achieve the highest potential reward when continuously staking.\nRFC-0030- PoW ASERT:To address dramatic fluctuations in hashpower and to mitigate unexpected PoW inflation, Peercoin developers have proposed that Peercoin\'s Proof-of-Work protocol adopt ASERT, a protocol engineered by Bitcoin Cash developers. This shift to a more responsive difficulty adjustment algorithm (DAA) ensures Peercoin\'s PoW protocol can swiftly adapt to hash power changes throughout the day, enhancing the network\'s stability and efficiency.\nImproved Network Parameters:Another improvement to Peercoin being considered for the RFC process is a set of adjustments to Peercoin\'s staking logic. From the perspective of users, it would cut the block time target in half from 10 minutes to 5 minutes. It would reduce the stake maturation period from 30 days to 21 days so that users can begin staking earlier. It would greatly favor smaller UTXOs for staking about 50 PPC in size making it easier for smaller stakers to participate in the consensus process. Consequently, it would substantially increase staking rewards when the security level is relatively low to further incentivize staking when it is most required. Overall, these changes will make Peercoin faster, fairer, more rewarding and more secure.\n"The release of Peercoin v0.13 and the proposed upgrades for Peercoin v0.14 towards greater network security validate our decision to execute our blockchain initiatives on Peercoin," said Wing Yu, CEO of PRConnect, a leading content syndication solutions provider that cryptographically hashes press releases and now posts up to 1,000 transactions a day on Peercoin.\nAbout Peercoin\nPeercoinis the original Proof-of-Stake blockchain. It is an 11 year old, fairly distributed, open-source, and community-driven project. Peercoin is designed around the concepts of energy and economical sustainability, both made possible by its innovation of Proof-of-Stake consen **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: 2024-03-19 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,295,610,515,888 - Hash Rate: 655172523.6571684 - Transaction Count: 463952.0 - Unique Addresses: 755218.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.79 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: US stocks took a breather on Monday afterclosing out a dizzying weekat record highs as investors braced for a looming inflation update that could put that rally to the test. The Dow Jones Industrial Average (^DJI) closed down 0.2% while the S&P 500 (^GSPC) fell 0.4% on the heels of notching new closing highs last week. The Nasdaq Composite (^IXIC) fell 0.1% following a stellar week for tech stocks. Newinflation data in the coming days will testthe staying power of the breakout rally that followed Nvidia's (NVDA)results. A hotter-than-expected CPI report spooked the market andsparked a stock sell-offearlier in February, and investors are already weighing the chances of a surprise in Thursday's PCE index reading. Given the PCE index is the Federal Reserve's preferred inflation gauge, the reading will factor into the ongoing debate on the timing of a rate cut, already pushed back. Read more:What the Fed rate decision means for bank accounts, CDs, loans, and credit cards The inflation report is the highlight of this week's data, with temperature checks on the consumer and manufacturing also on deck. What they say about the health of the US economy may determine whether the bullish mood in stocks continues. Berkshire Hathaway (BRK-B)closed in on a $1 trillion market valueafter the Warren Buffett-led conglomerate posted a record annual profit for the second year in a row. In his annual letter to shareholders at the weekend, Buffett said Berkshire is "built to last" andpaid tributeto the part played in that by his right-hand man, Charlie Munger. Elsewhere in corporate results, Domino's Pizza (DPZ) shares popped 6% after the restaurant and delivery chain lifted its dividend andbeat fourth quarter sales estimates. Shares of crypto platform Coinbase (COIN) gained 16% as Bitcoin (BTC-USD) hovered above $54,000 per token. • Mon, February 26, 2024 at 9:03 PM UTCInes FerréStocks retreat from record highs ahead of inflation data this weekStocks took a breather on Monday ahead of a data-packed week. The Dow Jones Industrial Average (^DJI) closed slightly below the flatline while S&P 500 (^GSPC) fell 0.4%.The Nasdaq Composite (^IXIC) fell 0.1% after hovering above the flatline for most of the session. Nvidia (NVDA) shares closed up 0.3% following a stellar rally last week.Shares of crypto platform Coinbase (COIN) gained 16% as Bitcoin (BTC-USD) hovered above $54,000 per token.Investors await the latest Personal Consumption Expenditures (PCE) index due on Thursday. The reading is the Federal Reserve's preferred inflation gauge.Data on ISM manufacturing and mortgage applications are also expected this week.•USD(^GSPC)FollowView Quote Details • Mon, February 26, 2024 at 8:15 PM UTCInes FerréHere's how SECURE 2.0 helps student loan borrowers save for retirementBorrowers now have a chance to use theirstudent loan payments to contribute to their retirementaccounts under a voluntary provision of the SECURE 2.0 Act that recently took effect.As Yahoo Finance writer Ronda Lee reports, to take advantage of the benefit, employees should ask their employer if they have opted in.Section 110 of the SECURE 2.0 Actallows employers to provide retirement plan matching for qualified student loan payments.For borrowers, that means payments they make on their student loans count toward their company’s matching contributions to401(k), 403(b), or SIMPLE IRA plans— even if they aren’t currently contributing themselves. The provision is optional and took effect in January.Read more here. • Mon, February 26, 2024 at 7:30 PM UTCInes FerréFord delays shipping certain 2024 F-150 gas-powered and Lightning EV pickupsFord (F) has halted shipments of its 2024 F-150 Lightning EV pickup and only just started shipping its brand new 2024 F-150 gas-powered truck after a multi-week delay, due to quality checks.As Yahoo Finance's Pras Subramanian reports, a delay affecting Ford’s high-profit F-150 sales and more possible EV troubles could potentially impact Ford’s first quarter performance.TheAutomotive News first reportedthat a 2024 F-150 Lightning “stop-ship” order went into effect Feb. 9 due to an undisclosed quality issue and that “hundreds, if not thousands” of gas-powered 2024 F-150 trucks have been piling up in Ford holding lots since production began in December, before deliveries began late last week.Readmore here.Ford shares were trading just below the flatline on Monday.•USD(F)FollowView Quote Details • Mon, February 26, 2024 at 7:02 PM UTCJosh SchaferStock buybacks are rising this earnings seasonStock buybacksare increasingin a sign that companies are feeling better about the trajectory of the US economy.Companies such as Meta (META), Disney (DIS), and Uber (UBER)all announced plans to repurchase sharesthis earnings season. And according to data from Deutsche Bank companies are acting on these buyback authorizations, with S&P 500 members repurchasing $63 billion worth of their own stock during the first week of February, the highest single-week total for buybacks since May 2023.Deutsche Bank director of global asset allocation and US equity strategy Parag Thatte explained to Yahoo Finance that as earnings rise, buybacks often follow suit. This happens because as earnings improve, companies' free cash flow often increases. Corporates will first spend that money on paying down debt. Then, remaining funds are often utilized for paying dividends, boosting capital expenditures to reinvest in the company, and, potentially, buying back shares.Stock buybacks lower the amount of total shares outstanding to the public, boosting investors' stake in the company and their share of any potential dividends. It's viewed as a positive for investors, but is often the first thing to be cut when times are tough.This means that the return of buybacks can be seen as a sign that companies feel they're in a stronger position than the past few quarters when buybacks hit a lull."They're not yet stating that all is clear and we are maybe completely free of a slowdown," Thatte said. "But at the margin they are saying, 'Yes, we are seeing signs or things turning up.'" • Mon, February 26, 2024 at 6:15 PM UTCInes FerréTrending tickers on Yahoo FinanceWalmart (WMT)Investors are keeping an eye on shares of Walmart after the retailerenacted a 3-for-1 stock spliton Friday after the market close.The move is seen as cosmetic since it won't change the underlying value of existing investments in the company.Investors who own Walmart will now have more shares than they did last week, but at a price adjusted for the split. Those who are looking to buy the stock can now purchase it at a nominally lower price.•USD(WMT)FollowView Quote DetailsMicron (MU)Micron stock jumped 5% on Monday after the company announced mass production of its high-bandwidth memory semiconductors for use in Nvidia's (NVDA) latest artificial intelligence chip.The HBM3E (high bandwidth memory 3E) is expected to consume 30% less power than other semis, according to Micron.The stock was at a 52-week high on Monday.•USD(MU)FollowView Quote DetailsLi Auto(LI)Shares of Chinese electric vehicle maker jumped as much as 15% on Monday after the company beat fourth quarter earnings expectations.The automaker reported its first-ever annual net profit, delivering 131,805 vehicles in the quarter —representing a 184.6% year-over-year increase.•USD(LI)FollowView Quote Details • Mon, February 26, 2024 at 5:26 PM UTCInes FerréFTC sues to block Kroger acquisition of Albertsons on claims grocery prices will riseThe Federal Trade Commission filed a lawsuit to block Kroger's (KR) proposed deal to buy Albertsons (ACI) for $24.6 billion.The agency claims the merger would "eliminate fierce competition" between the grocery chain operators, "leading to higher prices for groceries and other essential household items for millions of Americans.""The loss of competition will also lead to lower quality products and services, while also narrowing consumers’ choices for where to shop for groceries," read theFTC statementon Monday.The Kroger Co. responded on Monday stating,"Contrary to the FTC's statements, blocking Kroger's merger with Albertsons Companies will actually harm the very people the FTC purports to serve: America's consumers and workers. Kroger's business model is to take costs out of the business and invest in lowering prices for customers."The Kroger Co. announced plans to buy Albertsons Companies back in 2022.•USD(ACI)FollowView Quote Details • Mon, February 26, 2024 at 4:45 PM UTCBrian SozziThe next AI stock plays: Fast foodThe search for AI derivative plays on Wall Street is well underway, trust me.To make life easier for you, here is one space to start your homework on: fast food.I am prepping for an interview with the CEO of a very large restaurant chain today. They boast around 30 million-plus rewards members. These are loyal folks of the brand logging on to this restaurant's app and ordering food and hoping to get something free or something unexpected. Said restaurant is installing new AI software to better mine the data from these loyal rewards members.The buzzword used by them and others in the fast-food space:suggested selling. In other words, tapping into data using new technology to upsell you or get you to order more frequently. Starbucks has led the way in this, but it's starting to spread like wildfire in the space.It's a major potential value unlock for fast-food players. And so is the use of AI tech inside the restaurant, say to scan if food is being weighed and priced correctly.I think talk of AI on its earnings call today is lifting shares"g of Domino's Pizza (DPZ). The company's same-store sales recovery appears underway, but this AI talk from the earnings call caught my attention (note Domino's is seen as the first to really pioneer the use of tech in the fast-food industry):From Domino's CEO Russell Weiner:"The answer to your Microsoft question is, we're working really in two areas with Microsoft and generative AI. One ... - Reddit Posts (Sample): [['u/Stoppedapollo67', 'Dorms Marked Key', 36, '2024-03-19 00:42', 'https://www.reddit.com/r/Tarkov/comments/1bi5u4l/dorms_marked_key/', "This is my first wipe playing tarkov got the game about a month or so ago. I've made it to lvl 21 or so but die nearly every PMC raid. The other day I got lucky in factory looting a jacket and got a marked key for customs. I just opened it for the first time and holy shit is it worth. I got 2 bitcoin and RSASS and a mk47. I hauled ass to zb11 and heard another pmc rushing me as I exfilled. I don't know how much the guns are really worth because they dont sell on the flea but I made half the cost of the key in just one open of the room. Really loving the game right now.\n", 'https://www.reddit.com/r/Tarkov/comments/1bi5u4l/dorms_marked_key/', '1bi5u4l', [['u/robinjinxed', 20, '2024-03-19 00:51', 'https://www.reddit.com/r/Tarkov/comments/1bi5u4l/dorms_marked_key/kvi7jq3/', 'You will need one RSASS for a gunsmith quest, keep one.', '1bi5u4l'], ['u/haldolinyobutt', 21, '2024-03-19 00:54', 'https://www.reddit.com/r/Tarkov/comments/1bi5u4l/dorms_marked_key/kvi8441/', 'That room can be really hit or miss, the next time you go you might find a pistol, some ammo and a teapot. You need the key for a quest though', '1bi5u4l']]], ['u/aledanniel', 'Had enough of this BS', 118, '2024-03-19 00:55', 'https://www.reddit.com/r/CoinBase/comments/1bi654l/had_enough_of_this_bs/', 'Today I had enough and took all my money out of this ridiculous platform.\n\nFor Coinbase folks Case# 18231622\n\nAccount holder for maybe 12 years? Deposited much larger amounts recently. All verified kyc, never used vpn. Wired funds so it’s easier for them since they told me this is the safest for them. So I paid wire fees no problem. Never tried to do anything shady always following rules. Provided Id, selfies, all required documentation. Address all matches. Bought btc and BCH, and the moment I transfer some of it, like 5% to my cold wallet, Trezor (days later), my account is put on hold. At first I’m happy about it good for security. I allow all the time they need to review. They say 2 days I wait. 3rd day I ask if they need anything else they say no but now it’s 5 days. Same thing happens but now it’s 2 weeks. Same thing happens but now it’s 60 days. I wait 60 days and today I was told that review got dropped because of risk factos and I can submit a request to review again in 2 months.\n\nAll this time of course I had to wait an hour or two to speak/chat to an associate. They never give specifics. I would love to provide anything they need but I don’t know what they need because they won’t tell me what the issue is. \n\nPeople on the chat won’t let me ask questions and this last time, today, the customer service client asked if I had my issue resolved, I said no, and just disconnected me. They treat people like sht. \n\nI sold all and transfered to my bank. Will be using other platforms going forward. \n', 'https://www.reddit.com/r/CoinBase/comments/1bi654l/had_enough_of_this_bs/', '1bi654l', [['u/PutridPresent9957', 23, '2024-03-19 01:45', 'https://www.reddit.com/r/CoinBase/comments/1bi654l/had_enough_of_this_bs/kvig1r8/', 'Coinbase is terrible, I only buy small amounts on there and transfer directly to cold storage', '1bi654l'], ['u/stocktadercryptobro', 11, '2024-03-19 02:22', 'https://www.reddit.com/r/CoinBase/comments/1bi654l/had_enough_of_this_bs/kviluea/', "I'm waiting until the 25th to be able to move my crypto off (that's assuming I get permission then). The money is already cleared from my bank. No reason other than bullshit. I've bought and sold tens of thousands on the platform, and have a coinbase one membership. Shady af exchange. I'm going to start shopping for another. Maybe Kraken?", '1bi654l'], ['u/nutacreep', 10, '2024-03-19 03:41', 'https://www.reddit.com/r/CoinBase/comments/1bi654l/had_enough_of_this_bs/kvixlo6/', 'Ok… really not sure what the hostility is about, you can check the Gemini subreddit and reviews online for others that have had a similar experience. Whether you believe me or not makes no difference to me 👍🏼', '1bi654l']]], ['u/AnswerJazzlike', 'Best & Worst changes in the show', 17, '2024-03-19 00:58', 'https://www.reddit.com/r/HellsKitchen/comments/1bi66yv/best_worst_changes_in_the_show/', "Tell us the changes you like and dislike from the show. It could be from early seasons to the newer ones and can range from adding new features (punishment pass), removing old ones (Best of the Worst, team captains, etc.), to adding a new spin on recurring challenges (signature dish changing their scoring system, BTC adding punishments to wrong answers). Just tell us the season that this change occurred.\n\nTo name a few...\n\nBest: \n\n* Changing the Signature Dish scoring system to the 1-5 scale instead of chasing between two chefs. Introduced in season 13, it seems. like a better way to gauge every chef's dishes while still making it a team challenge.\n* Removing the design your own restaurant challenge. I think they removed it around season 6 but yeah it kind of felt like padding to me.\n\nWorst:\n\n* Discontinuing the design your own menu challenge/service. It seems like a fun way to test the creativity of the teams and their ability to work together. Additional bonus is Ramsay being at his most pissed off during these kinds of services. Last menu challenge was Season 12. I know from Flynnmasters that the red team broke it but I don't think every team onwards would have pulled off that level of teamwork. Just imagine teams like the s17 red team or the s19 blue team trying to design and implement their menu.\n* Elimination challenges in general. I was fine with the one cook for your like challenge that happens around the midpoint but using that to decide the first boot, the black jackets, AND the finalists just made me despise it.\n * The first elimination challenge was introduced in Season 19 where one person doesn't even get a chance to prove themselves during service. That just seems unfair. Just to rub further salt in the wound, they don't even get the Henkel knife set.\n * Final elimination challenge takes the cake though. You know what season this was introduced. That season can speak for themselves, they know who they are. By this point in the game, the chef's creativity and service skills are already proven. It feels like bullshit that it's yet another challenge to dictate who. makes it to the finale instead of who was the better leader, the actual skill needed most for the head chef position. \n* Very minor but still disappointing is the removal of the quirky intros. Starting from season 17, it's just Ramsay strolling through a fiery restaurant I know the rights for the old theme song expired but that doesn't mean they can't do those old fun opening anymore. \n\nWhat are your's guy's pick? If you're confused, I'll do my best to clarify", 'https://www.reddit.com/r/HellsKitchen/comments/1bi66yv/best_worst_changes_in_the_show/', '1bi66yv', [['u/EldredKnight', 20, '2024-03-19 01:03', 'https://www.reddit.com/r/HellsKitchen/comments/1bi66yv/best_worst_changes_in_the_show/kvi9g7s/', "A good early one was moving to all professionals for S3 onwards (Except for Dominic in S4 for some reason). I like seeing people who know what they're doing, or at least aren't on the catastrophically unprepared level they were in 1 and 2. According to Virginia, they didn't even get a proper demonstration of the menu like we see them get in newer seasons.", '1bi66yv'], ['u/CatacombsRave', 11, '2024-03-19 01:35', 'https://www.reddit.com/r/HellsKitchen/comments/1bi66yv/best_worst_changes_in_the_show/kviei98/', 'I agree, I miss the create-your-own menu challenge. I also miss when the finale was down to 2 chefs.', '1bi66yv'], ['u/camundell', 12, '2024-03-19 02:20', 'https://www.reddit.com/r/HellsKitchen/comments/1bi66yv/best_worst_changes_in_the_show/kvilegv/', 'I hate the pouring of liquid food during the blind taste test! My favorite challenge and this just about ruins it', '1bi66yv'], ['u/Alex72598', 18, '2024-03-19 02:58', 'https://www.reddit.com/r/HellsKitchen/comments/1bi66yv/best_worst_changes_in_the_show/kvir92d/', '\nI wish they hadn’t removed the black jacket rookies vs veterans service that was in 9-11. It was fun to see how the current chefs stacked up to the best from past seasons.', '1bi66yv']]], ['u/Kooky-Turnip-1715', 'Wasn’t crypto originally created to escape the system?', 82, '2024-03-19 01:06', 'https://www.reddit.com/r/Buttcoin/comments/1bi6elc/wasnt_crypto_originally_created_to_escape_the/', 'Now the government has their hands all in it and taxes you for it. That was literally the reason bitcoin was created, for anonymity. Using physical cash is more anonymous then bitcoin at this point\n\nAt the end of the day if you wanna speculate and try to make some money, go for it. But the people who think they are clever and “escaping the matrix” through crypto are delusional. \n\n', 'https://www.reddit.com/r/Buttcoin/comments/1bi6elc/wasnt_crypto_originally_created_to_escape_the/', '1bi6elc', [['u/TheAnalogKoala', 25, '2024-03-19 01:12', 'https://www.reddit.com/r/Buttcoin/comments/1bi6elc/wasnt_crypto_originally_created_to_escape_the/kviawu1/', 'It was created for more than anonymity. Satoshi anticipated that Bitcoin wasn’t perfectly anonymous and knew that some acitivities could unmask wallet owners, but I doubt he anticipated that the blockchain would someday be read almost like a book. \n\nWhat he was really interested was censorship-resistance and inability to debase the currency. \n\nSo yeah, I think he’s turning in his grave based on what Bitcoin has become. Pretty much no one gives a fuck (beyond lip service) about anything but number go up.', '1bi6elc'], ['u/futurevisioning', 16, '2024-03-19 01:26', 'https://www.reddit.com/r/Buttcoin/comments/1bi6elc/wasnt_crypto_originally_created_to_escape_the/kvid2s9/', 'I’m in it for the tech, bro! 🙄', '1bi6elc'], ['u/anyprophet', 52, '2024-... 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 has had a phenomenal start to 2024, recording new all-time highs and exceeding the expectations of investors around the world.\nBut the price run has slowed significantly, and Bitcoin is down over 10% in the past week, dipping below the $63,000 level. What does this mean for Bitcoin going forward? Take a look.\nFor starters, many analysts believe that Bitcoin was due for a slight reversal. For example, Anthony Scaramucci, founder of SkyBridge Capital, said the last time Bitcoin hit all-time highs in 2021, "You had Bitcoin correct 10% or more 13 times ... from $3,800 to $69,000." This could be a case of a slight pullback before Bitcoin reaches new highs again.\nDon\'t Miss:\n• About 22% of the adult population in the U.S. own a share of Bitcoin,how much would $10 get you today?\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\nAdditionally, Robert Kiyosaki, author of "Rich Dad Poor Dad,"said, "All market crashes are, are assets going on and ‘sale\' is my favorite four-letter word." While this drop in the price of Bitcoin may not necessarily be a crash, it could be viewed as Bitcoin simply "going on sale."\nBitcoin has seen huge growth in 2024, primarily because of the approval of spot exchange-traded funds (ETFs) and the upcoming Bitcoin halving. The ETFs have attracted tens of billions in inflows, and the Bitcoin halving is projected to reduce the amount of selling activity in the market.\nAnother wrinkle is that the Government Pension Investment Fund (GPIF) of Japanrequested information on Bitcointo potentially include it in future investment portfolios.\nWith nearly $1.5 trillion in assets as of fall 2023, GPIF is the largest pension fund in the world. On March 19, it asked to take a closer look at a handful of "illiquidity assets," such as Bitcoin, farmland and gold. It likely will take some time to review the information before deciding whether to invest in these assets. The submission for information is due on April 19.GPIF focuses on investments in both domestic and foreign debt and equities as well as real estate and private equity.\nGPIF is not the first pension fund to take a look at the viability of Bitcoin. The Houston Firefighters Relief and Retirement Fund (HFRRF) has invested in Bitcoin directly, and theSouth Korean National Pension Servicehas a stake in Coinbase stock.\nIf GPIF invests in Bitcoin, it could mark a significant change in the institutional view of Bitcoin from an investment perspective. It will be interesting to see what GPIF finds in its preliminary research later this spring and whether it turns into an investment in digital currency.\nRead Next:\n• Bitcoin To $100,000?Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast.\n• Bitcoin has jumped another 45% already this year –how much would you need to get started today?\n"ACTIVE INVESTORS\' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n• APPLE (AAPL): Free Stock Analysis Report\n• TESLA (TSLA): Free Stock Analysis Report\nThis articleBitcoin Dropped Below $63K — Is BTC Going On Sale As Japan\'s Government Pension Fund Asks For Information On It For New Investments?originally appeared onBenzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Bitcoin has had a phenomenal start to 2024, recording new all-time highs and exceeding the expectations of investors around the world.\nBut the price run has slowed significantly, and Bitcoin is down over 10% in the past week, dipping below the $63,000 level. What does this mean for Bitcoin going forward? Take a look.\nFor starters, many analysts believe that Bitcoin was due for a slight reversal. For example, Anthony Scaramucci, founder of SkyBridge Capital, said the last time Bitcoin hit all-time highs in 2021, "You had Bitcoin correct 10% or more 13 times ... from $3,800 to $69,000." This could be a case of a slight pullback before Bitcoin reaches new highs again.\nDon\'t Miss:\n• About 22% of the adult population in the U.S. own a share of Bitcoin,how much would $10 get you today?\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\nAdditionally, Robert Kiyosaki, author of "Rich Dad Poor Dad,"said, "All market crashes are, are assets going on and ‘sale\' is my favorite four-letter word." While this drop in the price of Bitcoin may not necessarily be a crash, it could be viewed as Bitcoin simply "going on sale."\nBitcoin has seen huge growth in 2024, primarily because of the approval of spot exchange-traded funds (ETFs) and the upcoming Bitcoin halving. The ETFs have attracted tens of billions in inflows, and the Bitcoin halving is projected to reduce the amount of selling activity in the market.\nAnother wrinkle is that the Government Pension Investment Fund (GPIF) of Japanrequested information on Bitcointo potentially include it in future investment portfolios.\nWith nearly $1.5 trillion in assets as of fall 2023, GPIF is the largest pension fund in the world. On March 19, it asked to take a closer look at a handful of "illiquidity assets," such as Bitcoin, farmland and gold. It likely will take some time to review the information before deciding whether to invest in these assets. The submission for information is due on April 19.GPIF focuses on investments in both domestic and foreign debt and equities as well as real estate and private equity.\nGPIF is not the first pension fund to take a look at the viability of Bitcoin. The Houston Firefighters Relief and Retirement Fund (HFRRF) has invested in Bitcoin directly, and theSouth Korean National Pension Servicehas a stake in Coinbase stock.\nIf GPIF invests in Bitcoin, it could mark a significant change in the institutional view of Bitcoin from an investment perspective. It will be interesting to see what GPIF finds in its preliminary research later this spring and whether it turns into an investment in digital currency.\nRead Next:\n• Bitcoin To $100,000?Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast.\n• Bitcoin has jumped another 45% already this year –how much would you need to get started today?\n"ACTIVE INVESTORS\' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n• APPLE (AAPL): Free Stock Analysis Report\n• TESLA (TSLA): Free Stock Analysis Report\nThis articleBitcoin Dropped Below $63K — Is BTC Going On Sale As Japan\'s Government Pension Fund Asks For Information On It For New Investments?originally appeared onBenzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', "The United States Securities and Exchange Commission (SEC) has decided to delay its ruling on the proposed spot Ether exchange-traded funds (ETFs) by Hashdex and ARK 21Shares. The SEC'sannouncement, which came on March 19, revealed that the final decision for both Ether ETF applications will be made in late May.\nMarket analysts are expressing doubt about the approval prospects for the eight Ether ETFs currently under consideration. Notably, analysts such as James Seyffart, an ETF analyst at Bloomberg, have become increasingly skeptical due to the lack of communication between the SEC and the issuers. Seyffartadmitteda shift in his outlook and now believes that the ETFs will likely be denied on May 23.\nEric Balchunas, another ETF analyst at Bloomberg, has also revised his Ether ETF approval odds from 50% to 35%. Balchunas noted that the SEC's handling of the Ether ETFs contrasts sharply with its approach to Bitcoin ETFs, as the agency has remained largely silent throughout the process.\nWhile the ETF approval hangs in the balance, Grayscale, the asset management firm, has joined the ranks of issuers considering the inclusion of staking in its spot Ether ETF application. In astatementsent to Grayscale Ethereum Trust investors, the company outlined several proposals, including the option to stake Ether held by the trust. This move aims to counter inflationary pressures resulting from Ethereum's proof-of-stake protocol and align with other investment products offering similar staking opportunities. The proposals will be subject to a vote, requiring consent from over 50% of shares.", '• BTC fell over 8% on Tuesday, its biggest single-day (UTC) percentage slide since November 2022.\n• ETF outflows likely catalyzed the drop.\nBitcoin’s {{BTC}} price correction gathered pace Tuesday as the U.S.-listed spot exchange-traded funds (ETFs) fell out of favor.\nThe leading cryptocurrency by market value fell over 8% to under $62,000, data from charting platformTradingView show. That’s the biggest single-day percentage (UTC) decline since Nov. 9, 2022. That day, prices tanked over 14% as Sam Bankman Fried’s FTX exchange, formerly the third largest,went bankrupt. The daily performance mentioned here represents the percentage gain or loss in a day, beginning at midnight UTC and concluding at 23:59:59, UTC.\nPrices have pulled back 15% from record highs of over $73,500 reached last week. The CoinDesk 20 Index has pulled back 16% over the same time frame.\nBitcoin’s latest price slide has been catalyzed by several factors, including outflows from the spot ETFs, according to trader and economist Alex Kruger.\nProvisional data published by investment firm Farside show that on Tuesday, there was a net outflow of $326 million from the spot ETFs, the largest on record. On Monday, Grayscale’s ETF witnessed a record outflow of $643 million.\n“Reasons for the crash, in order of importance: #1 Too much leverage (funding matters). #2 ETH driving market south (market decided ETF was not passing). #3 Ne **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: 2024-03-20 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,251,673,324,062 - Hash Rate: 621787936.4644464 - Transaction Count: 361515.0 - Unique Addresses: 639266.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.74 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Stocks bounced around Friday before landing in mixed territory as investors digested a key inflation reading ahead of next week's Fed meeting on the future of interest rates. After setting a new record on Thursday, the S&P 500 (^GSPC) fell just below the flatline but notched a win for the week. The Dow Jones Industrial Average (^DJI) increased about 0.2% or 60 points, while the tech-heavy Nasdaq Composite (^IXIC) slid close to 0.4% Tech lagged behind the other indexes after Intel's (INTC) first-quarteroutlook fell well shortof Wall Street expectations, somewhat denting the AI-fueled hopes that have helped liftstocks to record highs. Intel shares fell nearly 12%, with peers AMD (AMD) and Nvidia (NVDA) also taking a slight knock. The release of the PCE index for December offered more evidence that inflation continues to moderate. "Core" PCE, the inflation gauge commonly known as the Fed's preferred measure, fell below 3% on an annual basis, the slowest rate of growth since March 2021. That number, combined with ahotter-than-expectedearly estimate on fourth quarter US GDP, could further the notion that the US economy is headed for a "soft landing." Central bankers will huddle next week for their first policy meeting of the year. They are widely expected to keep interest rates steady. But the latest string of positive economic data will likely prompt them to begin cutting rates later this year, perhaps as early as March. The fresh figures showing robust economic growth create a delicate balancing act for Fed officials as kicking off an easing cycle too early may invite inflation to ramp back up. Read more:What the Fed rate-hike pause means for bank accounts, CDs, loans, and credit cards At the same time, investors parsed Friday's batch of earnings for more insight into the health of corporate America and the economy. Colgate-Palmolive (CL) was a highlight, posting strong fourth-quarter results attributed to its Latin American consumer markets. Visa (V) gave atepid revenue-growth forecastwith some analysts pointing to a slowdown in US payments volume growth that faded heading into the new year, which could indicate an economic slowdown ahead. • Fri, January 26, 2024 at 9:04 PM UTCHamza ShabanStocks close flat but secure winning weekStocks finished the trading day in mixed territory as investors braced for the Fed's policy meeting next week, where the central bank's latest thinking on potential rate cuts will take center stage.After setting a new record on Thursday, the S&P 500 (^GSPC) fell just below the flatline but notched a win for the week. The Dow Jones Industrial Average (^DJI) increased about 0.2% or 60 points, while the tech-heavy Nasdaq Composite (^IXIC) slid close to 0.4%. • Fri, January 26, 2024 at 8:46 PM UTCHamza ShabanA look at the week aheadThe firstFed week of the yearis almost here.Chair Jerome Powell will offer the market a window into the Fed's latest thinking as central bankers closely analyze promising inflation data that shows pricing pressures continuing to ease. Top of mind for investors will be how the Fed interprets the risk of cutting rates too early. Officials in recent weeks have signaled that the first round of potential cuts won't arrive until later in the year. Powell will likely field questions on the timing of the 2024 easing cycle.Next week also bring major earnings news, as the world's most valuable and influential tech companies share their quarterly reports.Alphabet (GOOG,GOOGL) and Microsoft (MSFT) are scheduled to kick off Big Tech earnings on Tuesday. They are followed by Meta (META), Amazon (AMZN), and Apple (AAPL) on Thursday. The big tech names are widely followed because of the influence they hold in both the global economy and in the status of investor portfolios. Most of the stock market's returns are tied to their performance, and their market values account for trillions of dollars.The tech industry'slatest round of layoffshas played a major theme in coverage so far this year. How the tech companies are progressing in their development of AI tools will also likely emerge as a common story across company earnings.Yahoo Finance's Brent Sanchez has a graphical breakdown of what to watch next week: • Fri, January 26, 2024 at 8:14 PM UTCInes FerréCrude gains for the week amid strong economic data, Red Sea tensionsCrude gained more than 6% this week as bullish economic data and continuing Red Sea tensions sent prices higher.West Texas intermediate (CL=F) settled at $78.01 on Friday. Brent (BZ=F) futures, the international benchmark, also closed at $83.55 per barrel.Houthi rebels havecontinued to launch attackson vessels in the Red Sea region, which an increasing number of cargo companies have been avoiding.In the US, freezing temperatures have impacted production across North Dakota, and crudeinventories fell morethan analysts had anticipated last week, according to data from the Energy Information Administration.Chinese measures to stimulate the country’s banking center and ahotter-than-expected preliminary US economic growth printalso helped send futures higher.Meanwhile in the natural gas space, the Biden Administration announceda pause on exportapprovals for liquified natural gas (LNG) sent to non-Free Trade agreement countries, in order to assess environmental impacts of future projects.“This decision could lead to delays in final investment decisions (FIDs) for some projects as well depending on how long the pause in approvals lasts,” Fauzeya Rahman, LNG market specialist at ICIS, told Yahoo Finance.•USD(CL=F)FollowView Quote Details • Fri, January 26, 2024 at 7:45 PM UTCHamza ShabanThe Fed weighs cooling inflation and robust growthFriday's promising PCE reading showed inflation continues to fall, but hotter-than-expected economic growthcould steer the Federal Reserve to push its first rate cut to later in the year, giving central bankers time to parse through more data.As labor markets are more balanced and inflation has moderated, central bankers are pleased with the overall picture of the economy, which analysts with Bank of America Global Research highlighted in a note earlier this week.“We continue to expect the first rate cut in March, though we expect no strong signal in January,” they said. “The Fed needs to buy time to see more data.”If economic growth continues to surprise to the upside andinflation pops back up, the Fed may be forced to hold rates at current levels for longer, reports Yahoo Finance'sJennifer Schonberger. The US central bank last raised rates in July, to a 22-year high.During the December Fed press conference, Fed Chair Jay Powell signaled the central bank had likely reached the peak on rate hikes and would turn attention to rate cuts looking ahead. But even as optimistic data continues to roll in,the timing of the cuts is still up for debate.The Fed will hold their first policy meeting of the year next week.As of Friday afternoon traders were anticipating a 47% chance that the Fed will lower rates at the March meeting. That figure rises to nearly 90% for the probability of a cut in May.The January meeting will provide the latest clues on where Chair Powell and his colleagues are headed next. • Fri, January 26, 2024 at 7:00 PM UTCAlexandra CanalMedia layoff frenzy extends into 2024The media and entertainment industry's reckoning will continue in 2024 with more layoffs as rising costs and debt-ridden balance sheets continue to weigh on the embattled sector.Here's what top media and entertainment companies have in mind when it comes to layoffs in 2024:Paramount GlobalAsM&A rumors swirlabout the future of the Paramount Global (PARA), CEO Bob Bakish announced layoffs in an internal memo obtained by Yahoo Finance on Thursday.The executive cited the need to "operate as a leaner company and spend less.""As it has over the past few years, this does mean we will continue to reduce our workforce globally. These decisions are never easy, but are essential on our path to earnings growth," the memo read.YouTubeNot even tech giant Alphabet (GOOG,GOOGL) has been immune to layoffs.Last week, the company cut 100 YouTube employees from its creator management and operations divisions, a spokesperson confirmed to Yahoo Finance — its first corporate restructuring in a decade. YouTube has 7,173 employees worldwide.The workforce reduction comes after Alphabet slashedthousands of jobsacross its engineering, hardware, and advertising teams in an effort to reduce head count.Universal Music GroupUniversal Music Group (UMG), one of the industry's most prominent record labels, plans to lay off hundreds of employees later this quarter, according toBloomberg.While UMG wouldn't fully confirm the report, a spokesperson hinted at the cuts in a company statement provided to Yahoo Finance: "We are creating efficiencies in other areas of the business so we can remain nimble and responsive to the dynamic market, while realizing the benefits of our scale."PixarDisney's (DIS) animation unit will reportedly lay off as much as 20% of its 1,300 employees, according toTechCrunch. The cuts come as streaming profitability lags while the company's box office has struggled.Disney did not immediately respond to Yahoo Finance's request for confirmation on the report.Business InsiderThe online publication, a subsidiary of German publisherAxel Springer SE, said Thursday it will cut "about 8%" of its staff — a recent trend that's permeated across major news organizations throughout the country. (See Los Angeles Times next.)"We closed out last year with a plan in place, a clear target audience, and a vision," Business Insider CEO Barbara Peng wrote ina memoto staff. "This year is about making it happen and focusing our company and efforts towards this future. Unfortunately, this also means we need to scale back in some areas of our organization."Los Angeles TimesThe Los Angeles Timesannouncedsweeping layoffs on Tuesday that eliminated the jobs of at least 115 staff members, or roughly 20% of ... - 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 surged on Wednesday as the Fed affirmed its outlook for three rate cuts later this year.\n• Major indexes rose, with the S&P 500 surpassing 5,200 for the first time ever.\n• Investors are ramping up bets that the Fed could issue its first rate cut by June.\nUS stocks surged on Wednesday, with the S&P 500 notching a fresh record as investors took in the Federal Reserve\'s latest policy guidance on rate cuts to come this year.\nThe S&P 500 closed above 5,200 for the first time and the Dow Jones Industrial Average soared almost 400 points to notch a new all-time high. The Nasdaq Composite ended more than 1% higher.\nFed officials kept interest rates steady at 5.25%-5.5%, as markets had been broadly anticipating.\nOfficials also reiterated guidance via the dot plot that three 25 basis-point rate cuts could come later in 2024, assuming inflation continues its downward path.\n"We are strongly committed to returning inflation to our 2% objective," Fed Chair Jerome Powell said in prepared remarks Wednesday afternoon. "As labor market tightness has eased and progress on inflation has continued, the risk to achieving our employment and inflation goals are coming into better balance," he later added.\nInvestorsramped up their betsfollowing the meeting that the Fed could issue the first rate cut by mid-year. Markets are now pricing in a 73% chance the Fed could cut rates at least once by the end of June, according to theCME FedWatch tool.\n"The FOMC has stuck to its view that the underlying inflation picture is improving, notwithstanding the disappointing numbers in the past two months," Ian Shepherdson, the chief economist of Pantheon Macroeconomics, said in a note on Wednesday. "We are encouraged by policymakers\' decision to stick with three rate cuts this year and to forecast a markedly slower run rate in core inflation across the remainder of the year."\n"The immediate market reaction is the relief we were expecting," Bryce Doty, the vice president of Sit Investments Associates, added in a note. "It\'s good to see the Fed understands it can cut rates while still being tough on inflation given that the real fed fund rate will still be considered very restrictive."\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday:\n• S&P 500: 5,224.62, up 0.89%\n• Dow Jones Industrial Average: 39,512.13, up 1.03% (+401.37 points)\n• Nasdaq Composite: 16,369.41, up 1.25%\nHere\'s what else happened today:\n• The US has an 85% chance of avoiding a recessionin the next year, according to Goldman Sachs\' chief economist.\n• A sharp rise in immigrationexplains why the labor market is so loose and the housing market is so tight, JPMorgan said.\n• The mortgage rate "lock-in effect" could worsen wealth inequalityand last for years, government researchers say.\n• Redditors say they\'re not interested in Reddit\'s up-to-$748 million IPO.\n• Here arefour possible November election outcomes-- and how they will impact stocks, according to UBS.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil dipped 1.95% to $81.84 a barrel.Brent crude, the international benchmark, dropped 1.4% to $86.15 a barrel.\n• Goldtraded about flat at $2,158.66 per ounce.\n• The 10-year Treasury yield fell one basis point to 4.281%.\n• Bitcoinrose 0.59% to $64,331.\nRead the original article onBusiness Insider', "Bitcoin's price experienced a bounce after days of downtrend, following the U.S. Federal Reserve's decision to maintain interest rates at their current level. As anticipated by analysts, the Federal Open Market Committee (FOMC) chose to keep the benchmark federal funds rate within the range of 5.25% to 5.50%, marking the first pause in rate adjustments in 2024.\nThe central bankaffirmedits commitment to maintaining the target range for the federal funds rate, citing its goals and the need for greater confidence in sustainable inflation movement before considering a rate reduction.\nDuring the FOMC, the Federal Reserve recognized the strength of job gains and the low unemployment rate, although it acknowledged that inflation, while eased over the past year, remained elevated. The committee aims to achieve maximum employment and a 2% inflation rate in the long run. Market expectations, as indicated by the CME FedWatch Tool, now anticipate at least one rate cut by the FOMC meeting on July 31, with rates potentially 50 to 100 basis points lower by the end of 2024.\nFollowing the FOMC meeting,Bitcoin (BTC)gained 7.7% over the past 24 hours, reaching $67,700. Despite surpassing previous all-time highs, BTC fell by 7.2% over the past week, after outflows from spot Bitcoin ETFs and higher-than-expected inflation data pushed the price down to $61,000.", "Bitcoin's price experienced a bounce after days of downtrend, following the U.S. Federal Reserve's decision to maintain interest rates at their current level. As anticipated by analysts, the Federal Open Market Committee (FOMC) chose to keep the benchmark federal funds rate within the range of 5.25% to 5.50%, marking the first pause in rate adjustments in 2024.\nThe central bankaffirmedits commitment to maintaining the target range for the federal funds rate, citing its goals and the need for greater confidence in sustainable inflation movement before considering a rate reduction.\nDuring the FOMC, the Federal Reserve recognized the strength of job gains and the low unemployment rate, although it acknowledged that inflation, while eased over the past year, remained elevated. The committee aims to achieve maximum employment and a 2% inflation rate in the long run. Market expectations, as indicated by the CME FedWatch Tool, now anticipate at least one rate cut by the FOMC meeting on July 31, with rates potentially 50 to 100 basis points lower by the end of 2024.\nFollowing the FOMC meeting,Bitcoin (BTC)gained 7.7% over the past 24 hours, reaching $67,700. Despite surpassing previous all-time highs, BTC fell by 7.2% over the past week, after outflows from spot Bitcoin ETFs and higher-than-expected inflation data pushed the price down to $61,000.", 'Blockchain analysts discovered one of BlackRock’swalletsafter a deposit of $100 million inUSD Coin (USDC)on the Ethereum blockchain, coinciding with thefirm\'s filing to offer the BlackRock USD Institutional Digital Liquidity Fundin partnership with asset tokenization firm Securitize.\nThis led to crypto users sending approximately 40 different coins and 25 NFTs to the wallet associated with BlackRock. Notably, the wallet also received 500,000unshETHing_Token (USH)and 10,000Realio Network (RIO)tokens, which hold respective values of $13,400 and $12,300. The asset manager\'s wallet also received significant amounts ofMog Coin (Mog)and notable NFTs like Chungos and KaijuKingz. The wallet now holds at least $40,000 worth of memecoins and non-fungible tokens (NFTs).\nThe BlackRock wallet initially made a $200 USDC deposit on March 5, followed by a $10 test deposit on March 15. Shortly after, a deposit of $99,999,960 was recorded. BlackRock\'s CEO, Larry Fink, has undergone a notable shift in his stance on Bitcoin and the blockchain industry. Previously, he referred to Bitcoin as an "index of money laundering" in 2017. However,Fink recently expressed his belief that the future involves the tokenization of all financial assetson a single general ledger.\nThe BlackRock USD Institutional Digital Liquidity Fund, tickered as "BUIDL," will enable eligible investors to earn U.S. dollar yields by subscribing to the fund through Securitize Markets, LLC.', "Bitcoin (BTC)has witnessed a significant rally in 2024, starting the year at $42,208 and surging to a new all-time high of $73,737 on March 14. However, as the Bitcoin halving approaches in just one month, the price of BTC has experienced a retracement of over 16%, despite reaching a new all-time high earlier this month.\nIn aninterviewwith CoinTelegraph, Samson Mow, the CEO of Jan3, a technology company focused on expanding Bitcoin access globally, has long predicted a strong upward price momentum for Bitcoin. Mow remains confident that Bitcoin will surpass its previous all-time high, stating that it is likely to reach $100,000 before the Bitcoin halving. He attributes this prediction to the voracious demand from exchange-traded funds (ETFs) that consume approximately 7,000 coins per day, highlighting the scarcity of available coins.\nWhen asked about the relationship between Bitcoin and the broader crypto market, Mow believes that Bitcoin will eventually decouple from other cryptocurrencies due to the massive inflows from ETFs. With daily inflows ranging between $500 million to $1 billion, Bitcoin benefits from a vast pool of capital that other cryptocurrencies lack. While smaller cryptocurrencies may track Bitcoin's performance for a certain period due to their lower liquidity, Mow believes they will eventually lose momentum and be left behind.\nMow also points out the common occurrence of founders and insiders propping up the prices of other cryptocurrencies before ultimately buying Bitcoin, leaving retail buyers holding the bag. The Bitcoin halving is expected to occur on April 20, in about a month from now. Historically, the price of Bitcoin has rallied significantly following the halving.", "Bitcoin (BTC)has witnessed a significant rally in 2024, starting the year at $42,208 and surging to a new all-time high of $73,737 on March 14. However, as the Bitcoin halving approaches in just one month, the price of BTC has experienced a retracement of over 16%, despite reaching a new all-time high earlier this month.\nIn aninterviewwith CoinTelegraph, Samson Mow, the CEO of Jan3, a technology company focused on expanding Bitcoin access globally, has long predicted a strong upward price momentum for Bitcoin. Mow remains confident that Bitcoin will surpass its previous all-time high, stating that it is likely to reach $100,000 before the Bitcoin halving. He attributes this prediction to 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: 2024-03-21 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,308,068,719,850 - Hash Rate: 500768807.8908293 - Transaction Count: 327642.0 - Unique Addresses: 611408.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.78 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Updates prices throughout) By Iain Withers LONDON, March 15 (Reuters) - The dollar was on track for a weekly gain versus major currencies while the yen drifted lower on Friday, ahead of a flurry of highly-anticipated central bank meetings next week, including the U.S. Federal Reserve and Bank of Japan. Japan's biggest companies agreed with labour unions to raise wages by the highest level in 33 years on Friday, reinforcing views that the country's central bank is poised to make a landmark shift away from negative interest rates. Investors are watching other central bank decisions closely for signs of how quickly they will cut interest rates after a period of rapid rises to curb rampant inflation. The Bank of England and Swiss National Bank are also due to meet next week. The dollar index - which tracks the U.S. currency against six major peers - was last broadly flat on the day at 103.34. It is on course to snap a three-week losing streak with a 0.6% weekly gain. While the Fed is not expected to change interest rates, hotter-than-expected U.S. producer and consumer price data this week has led traders to rein in bets on future cuts. Markets now price in a 57% chance of the Fed cutting rates in June, compared to 74% a week earlier, according to the CME FedWatch tool. "It is likely that the Fed will display more caution over the inflation outlook in the near-term," currency analysts at MUFG said in a note. The dollar gained 0.3% versus the yen to 148.745 and is on course for a 1.1% weekly gain, its biggest since January. The Bank of Japan is close to ending eight years of negative interest rate policy, with internal preparations for an exit in the works since Kazuo Ueda took office as BOJ governor, sources familiar with the bank's thinking have previously told Reuters. "A strong 'shunto' wage outcome is widely seen as the last piece of the puzzle that will prompt the BOJ to unwind its ultra-easy monetary policy," Carol Kong, a currency strategist at Commonwealth Bank of Australia, said ahead of the union's wages announcement. The euro was up 0.1% to $1.08925. The European Central Bank council last week began a discussion on when to reduce its own rates, council member Olli Rehn said on Friday. Sterling was broadly flat at $1.2752. Bitcoin prices slipped as much as 7% in volatile trade from a record high touched on Thursday as risk sentiment took a hit. It was last down nearly 4% at $67,881. (Reporting by Iain Withers, Additional reporting by Ankur Banerjee in Singapore, Editing by Gareth Jones 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:** ['By Tom Westbrook SINGAPORE, March 22 (Reuters) - The U.S. dollar was set for a second week of broad gains on Friday, with even a rate hike in Japan unable to dislodge it, as investors figure U.S. rates are high and not falling yet. The Swiss National Bank delivered the biggest surprise of a week crammed with central bank meetings, cutting its main interest rate and citing the strength of the franc as a reason. The franc, which in real terms has been rising for years, dropped more than 1% overnight to 0.8894 per dollar, its weakest in four months, and slid to a nine-month low on the euro nudging it closer to parity. The Bank of Japan announced an historic shift out of negative short-term rates and longer-run yield caps, but it was so well telegraphed that the yen fell on the news and was last a whisker from multi-year lows at 151.63 per dollar. The U.S. Federal Reserve left its funds rate on hold between 5.25% and 5.5% this week and stuck with projections for three cuts by year\'s end. But it said it will not start moving until it has more confidence that inflation is sustainably falling toward 2%. Market expectations for U.S. rate cuts increased after that but only very slightly. About 80 basis points of cuts are now priced in for this year - much lower than the 160 or so that had been priced in at the start of the year. "With this tweaking and pricing out of the number of Fed cuts, we see the dollar support slowly beginning to come back into the picture," said Patrick Hu, G10 currency trader at Citi. "This is one of the key factors in why dollar/yen did not fall but it actually started to trickle higher." Dollar/yen is up 1.6% this week and near levels that prompted Japanese intervention in 2022, which has investors nervous but also looking for other currencies to buy and pocket the "carry", or difference between interest rates. Euro/yen hit its highest since 2008 this week at 165.37 and the Aussie broke above 100 yen for the first time since 2014. Against the dollar the euro has slipped about 0.2% this week into middle of a range it has held for a year at $1.0862. Sterling fell overnight after the Bank of England left interest rates unchanged, this time backed by the two hawkish committee members who\'d previously voted for a hike. For the week sterling is down 0.6% at $1.2661. The Australian and New Zealand dollars moved in opposite directions this week. Thursday data showed New Zealand slipped into a technical recession, while Australian jobs surged ahead. The Aussie/kiwi cross is up 0.8% this week. The Australian dollar has eked a 0.2% gain on the U.S. dollar to $0.6572 for the week, while the kiwi has plumbed four-month lows and lost about 0.6% to $0.6046. The U.S. dollar index is up for a second week in a row, climbing 0.5% to 103.94. Bitcoin is eyeing its sharpest weekly drop since January as crypto markets have taken a step back from a powerful rally this week - though it will trade through until Sunday. It was last at $65,800. Other morning moves in Asia were slight. The yen had no major reaction to mixed Japanese inflation data. Retail sales figures in Britain and Canada are due later in the day. ======================================================== Currency bid prices at 0100 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0865 $1.0860 +0.05% +0.00% +1.0868 +1.0861 Dollar/Yen 151.5250 151.6350 -0.07% +0.00% +151.6900 +151.4500 Euro/Yen 164.63 164.63 +0.00% +0.00% +164.7700 +164.5700 Dollar/Swiss 0.8975 0.8977 -0.02% +0.00% +0.8979 +0.8971 Sterling/Dollar 1.2672 1.2660 +0.10% +0.00% +1.2674 +1.2656 Dollar/Canadian 1.3524 1.3530 -0.04% +0.00% +1.3531 +1.3520 Aussie/Dollar 0.6574 0.6569 +0.08% +0.00% +0.6577 +0.6570 NZ Dollar/Dollar 0.6049 0.6045 +0.07% +0.00% +0.6052 +0.6046 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Muralikumar Anantharaman)', 'The First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) has been red hot, riding the crypto bull market to a scorching 196.1% gain over the past year.\xa0However, while the ETF deserves credit for this standout performance, I’m bearish on it for now and steering clear because of two red flags that lurk beneath the surface — its extreme exposure to a pair of volatile stocks and its high expense ratio.\nBefore taking a look at the concerns, let’s briefly review CRPT’s strategy.According to fund sponsor First Trust, CRPT “is designed to provide exposure to companies that SkyBridge views as firms that are driving cryptocurrency, crypto assets and digital economies related innovation.”\nThe fund launched in September 2021 and has $51.7 million in assets under management (AUM).\nCRPT invests in companies from all facets of the crypto landscape. This includes crypto exchanges like Coinbase (NASDAQ:COIN), Bitcoin (BTC-USD) miners like Marathon Digital (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT), andsemiconductor stockslike Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) (whose Graphic process unit chips are used by miners to mine Bitcoin).\nIt even includes the big tech giants like Meta Platforms (NASDAQ:META) and Alphabet (NASDAQ:GOOGL), who have various irons in the fire when it comes to crypto, even though it certainly isn’t a major part of their respective businesses.\nI’d actually say that CRPT does a pretty good job of covering all bases and casting a wide net when it comes to investing in companies that are involved in crypto. The issue isn’t really what it is investing in, it’s more about how much it is investing in some of its holdings, as we’ll discuss below.\nCRPT owns 31 stocks, and its top 10 holdings make up an incredibly high 91.5% of assets, so this is an extremely concentrated ETF.\nBelow, you’ll find an overview ofCRPT’s top 10 holdingsusing TipRanks’ Holdings Tool.\nNot only do the fund’s top 10 holdings make up over 90% of its assets, but just the top two holdings, Coinbase and Microstrategy (NASDAQ:MSTR), account for a whopping 44.7% of the fund.\nTo be fair, Coinbase and Microstrategy have been great stocks over the past year, as rising crypto prices have driven their shares significantly higher. Coinbase is up 205.8% over the past year, and MicroStrategy is up 465.7%.\nWhile they have performed well, investors should note that these are still extremely volatile stocks that typically fall significantly when the price of Bitcoin is down.\nTipRanks’ Smart Score System isn’t enthused about either of these stocks, giving Coinbase an Underperform-equivalent Smart Score of 2 and MicroStrategy a Neutral-equivalent Smart Score of 4. TheSmart Scoreis a proprietary quantitative stock scoring system created by TipRanks. It gives stocks a score from 1 to 10 based on eight market factors.\nWe are in the midst of a crypto bull market, so it’s easy to forget it now, but it wasn’t long ago that these stocks performed poorly as crypto prices tanked in 2022, causing CRPT to fall 80.8% that year.\nWhen the crypto market is humming along, CRPT is going to do well, but the next time it slumps, investors may need to run for cover.\nZooming out a bit further, not only is over 44% of the fund in just these top two holdings, but 78.4% is devoted to just its top five holdings, which include volatile Bitcoin mining stocks. There’s simply no way around the fact that this is an extreme amount of concentration in just a few stocks, and volatile ones at that.\nMy other concern about CRPT is that it is an expensive ETF with an expense ratio of 0.85%. This is significantly higher than the average expense ratio for all ETFs, which currently sits at 0.57%. This 0.85% expense ratio means that an investor will pay $85 in fees on a $10,000 investment annually.\nThese fees can really add up over time. For example, if the fund returns 5% annually going forward and maintains its current expense ratio, an investor putting $10,000 into the fund will pay a whopping $1,049 in fees over 10 years. Paying high fees like this can take a bite out of the principal of one’s portfolio over time, so it’s always important for investors to be mindful of fees.\nIf the ETF keeps performing well, as it has over the past year, most investors will not mind paying the high fee. But if the ETF performs poorly again, as it did in 2022, these high fees add insult to injury.\nTurning to Wall Street, CRPT earns a Moderate Buy consensus rating based on\xa027 Buys, five Holds, and zero Sell ratings assigned in the past three months. Theaverage CRPT stock price targetof $15.56 implies 11.6% upside potential.\nCRPT deserves a lot of credit for its strong performance over the past year. While I’m bullish on the crypto market in general (and the ETF could continue to do well for a while if crypto prices keep rising), I’m bearish on CRPT overall, given its massive position in just two volatile stocks with underwhelming Smart Scores: Coinbase and MicroStrategy. This leaves investors with a lot of potential downside exposure.\nFurthermore, the fund is very costly, with a well-above-average expense ratio of 0.85%.\nThe fund has performed well over the past year, but it was also down more than 80% in 2022 when crypto prices were in a prolonged downtrend, so investors should be mindful of this.\nInvestors have plenty of other options for gaining exposure to the crypto space. They can invest directly in cryptocurrencies like Bitcoin and Ethereum (ETH-USD) or invest in Bitcoin through one of the many newlow-cost Bitcoin ETFslike BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) or ARK Invest’s ARK 21Shares Bitcoin ETF (BATS:ARKB), which feature fees that are a fraction of CRPT’s. In fact, many of these ETFs are waiving their fees for the time being as they compete to draw in funds, which behooves investors.\nFor those who want to specifically invest in the types of crypto-involved stocks that CRPT invests in, there are lower-cost options tha **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: 2024-03-22 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,232,876,382,938 - Hash Rate: 563364908.877183 - Transaction Count: 339533.0 - Unique Addresses: 679058.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.75 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Reuters) - FTX has sold 22 million shares worth close to $1 billion in Grayscale Bitcoin Trust (GBTC) since it was converted into an exchange-traded fund (ETF) earlier this month, taking FTX's GBTC ownership down to zero, CoinDesk reported on Monday. GBTC in all saw outflows of more than $2 billion since being converted into ETF, according to the report, which cited private data reviewed by CoinDesk and two people familiar with the matter. "Large capital markets ETFs are used in a variety of investing strategies, and we anticipate GBTC's diverse shareholder base will continue to deploy strategies that impact inflows and outflows," a Grayscale spokesperson said in an emailed statement to Reuters. Grayscale was approved to convert its existing bitcoin trust into an ETF, creating the world's largest bitcoin ETF with more than $28.6 billion in assets under management. The U.S. Securities and Exchange Commission has approved 11 spot bitcoin ETFs, including BlackRock's iShares Bitcoin Trust, Grayscale Bitcoin Trust and ARK 21Shares Bitcoin ETF, after a decade-long tussle with the digital asset industry. The approval marked a watershed moment boosting the legitimacy of the cryptocurrency industry and pushing bitcoin further into the mainstream. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shilpi Majumdar)... - Reddit Posts (Sample): [['u/shafiul2', 'Still bullish on BONE? ', 10, '2024-03-22 00:09', 'https://www.reddit.com/r/BONETOKENS/comments/1bkkgzk/still_bullish_on_bone/', 'Part of me still is and will probably wait afew more months after BTC halving and then re-evaluate. ', 'https://www.reddit.com/r/BONETOKENS/comments/1bkkgzk/still_bullish_on_bone/', '1bkkgzk', [['u/Sir_Spudsingt0n', 12, '2024-03-22 00:17', 'https://www.reddit.com/r/BONETOKENS/comments/1bkkgzk/still_bullish_on_bone/kvys1q9/', 'Holding without a doubt.', '1bkkgzk']]], ['u/gonnadeleteso', "I've seen the light, moving some btc into bch", 37, '2024-03-22 00:22', 'https://www.reddit.com/r/btc/comments/1bkkrpq/ive_seen_the_light_moving_some_btc_into_bch/', "&#x200B;\n\nhttps://preview.redd.it/cfovrxgttrpc1.png?width=1227&format=png&auto=webp&s=80e4e610b4e78ee229681197d3e4862c4544ae16\n\nLN doesn't work, wasted all of our time.", 'https://www.reddit.com/r/btc/comments/1bkkrpq/ive_seen_the_light_moving_some_btc_into_bch/', '1bkkrpq', [['u/fiendishcrypto', 14, '2024-03-22 00:35', 'https://www.reddit.com/r/btc/comments/1bkkrpq/ive_seen_the_light_moving_some_btc_into_bch/kvyv12h/', 'Smart move! And with each day CBDCs get closer, the move will only seem smarter. 💪', '1bkkrpq'], ['u/rareinvoices', 10, '2024-03-22 01:12', 'https://www.reddit.com/r/btc/comments/1bkkrpq/ive_seen_the_light_moving_some_btc_into_bch/kvz117n/', 'So you would be angry if some people decide to store some BCH on an ETF. Because you get to decide how all BCH should be controlled. TY CEO of BCH.', '1bkkrpq']]], ['u/GallopingGazelle1', 'Price suppressed from ongoing supply releases? ', 39, '2024-03-22 00:33', 'https://www.reddit.com/r/XRP/comments/1bkl0hw/price_suppressed_from_ongoing_supply_releases/', 'As an XRP hodler (and believer of its utility), can someone please help me better understand Ripple’s ongoing XRP supply release from escrow? How are we supposed to see meaningful price appreciation based on the amount of supply that continues to be released? \n\nFrom my understanding, only 55% of XRP’s supply cap has been released. Periodically, supply continues to be released from escrow and we should have all supply circulating around 2027 (please correct me if I’m wrong). So, the only way it seems like we’ll have price appreciation is if adoption and demand far exceeds how much we are releasing. In other words, XRP is challenged both on supply and demand….whereas, Bitcoin (for instance) is only challenged on the demand side at this point (with nearly 95% if all possible Bitcoin is already in circulation and the last 5% of supply being released much much more slowly than Ripple’s XRP supply release velocity). ', 'https://www.reddit.com/r/XRP/comments/1bkl0hw/price_suppressed_from_ongoing_supply_releases/', '1bkl0hw', [['u/EmotionalGraveyard', 13, '2024-03-22 00:50', 'https://www.reddit.com/r/XRP/comments/1bkl0hw/price_suppressed_from_ongoing_supply_releases/kvyxhfx/', 'Couple of things:\n\nFirst of all, it’s a little more complicated than what you’re describing, but you’re right in principle. Thing is, when the 1 billion is released each month, it doesn’t instantly flood the market. A majority - if not all - of it is held. Theoretically though it *could* be sold, if it’s holders a wanted to. But that and that alone is not really responsible for the price level.\n\nSecond - market cap is wildly misunderstood but there are charts that measure market caps of assets instead of asset price. They do this (among other reasons) to more accurately consider how an asset is doing in the face of increasing supply. Here is a link to the market cap chart for XRP. \n\nhttps://www.tradingview.com/chart/m5khe8w2/?symbol=CRYPTOCAP%3AXRP', '1bkl0hw'], ['u/darthnugget', 16, '2024-03-22 00:57', 'https://www.reddit.com/r/XRP/comments/1bkl0hw/price_suppressed_from_ongoing_supply_releases/kvyyl74/', "XRP price will increase with it's utility. If I had to guess it would ramp up by 2030. Been holding since 2017.", '1bkl0hw']]], ['u/assouanasanaw', 'Gambling and taxes', 87, '2024-03-22 01:18', 'https://www.reddit.com/r/newzealand/comments/1bkm0cq/gambling_and_taxes/', "Hi guys\n\nI saw another post about this last week but I've lost it so I wanted to start a new discussion (I swear I used the search bar!!)\n\nI bought $100 of crypto last year from EasyCrypto and used it to play on Stake for the last 6 months. I won various amounts and lost various amounts (with the same $100) and today I won enough money that I am looking to withdraw and I want to know how I do this from a taxation point of view.\n\nRight now the won Bitcoin is sitting in my Stake account and I plan to send it to Easy Crypto and then sell it for NZD.\n\nI think this is the right way to go about it (I've been reading) but I don't know if I owe taxes on the original bitcoin purchase (it went up in value since I bought it) or the taxes on the gambling win.\n\nIt was a lot of money to me ($1200) so I am kind of worried\n\nThanks", 'https://www.reddit.com/r/newzealand/comments/1bkm0cq/gambling_and_taxes/', '1bkm0cq', [['u/Thr3e6N9ne', 18, '2024-03-22 01:26', 'https://www.reddit.com/r/newzealand/comments/1bkm0cq/gambling_and_taxes/kvz39el/', "That's not considered taxable income, don't worry.", '1bkm0cq']]], ['u/BitcoinIsTehFuture', 'NOTICE: The r/bitcoincash sub has been taken without my consent', 29, '2024-03-22 02:03', 'https://www.reddit.com/r/btc/comments/1bkmy0p/notice_the_rbitcoincash_sub_has_been_taken/', 'I see some mis-information circulating about this. Here is what happened:\n\nUsers /u/ThomasZander and /u/ShadowOfHarbringer just removed me as the top moderator of r/bitcoincash, **effectively changing ownership of the sub**. I was not aware they could do this, nor do I wish they did so. I have been the top moderator of that sub since day 1 of its existence, and I guarded it against takeover and threats-- until now. I am no longer able to do this.\n\nThese two users were able to do this because of a rule change Reddit made a few months ago that I was unaware of.\n\nI had been active as a user, regularly logging in. This normally would have been enough to maintain my active status. Prior to this rule change, Reddit would only gave up a sub-reddit if the moderators were inactive *as users* for more than 90 days. I was not inactive in this way.\n\nReddit changed the rules recently to require moderators to be active with *moderator-specific actions*, which I had not taken, even though I was active as a user and logging in regularly.\n\nThis is quite disappointing. I haven\'t been able to keep up with all of the moderator rule changes that Reddit has made recently, and it has cost me my sub.\n\nRegarding another /r/bitcoincash mod, /u/althornton2462, what he is saying is true: He removed the censorship of /u/georgedonnelly that /u/ThomasZander and /u/ShadowOfHarbringer put in place. I agree with /u/althornton2462\'s action of unbanning George Donnelly. In my opinion, George should not have been banned from the sub. But regardless, this topic is being used as one of the "reasons" the takeover was "legitimate". It is a sub-topic and does not warrant the taking over of an entire sub. Don\'t let them convince you that this warrants their actions.\n\n/u/althornton2462 described what happened [here](https://www.reddit.com/r/btc/comments/1bkjrrc/comment/kvypb1p/). <-- read this\n\nAlso, for those wondering, /u/althornton2462 is *not* George Donnelly. I know this from first-hand experience as I am the one who appointed /u/althornton2462 as moderator. All accusations that he is somehow George Donnelly are ridiculous.\n\nI have served to guard the sub for 5 years and keep it in good hands, until that was taken from me today. I can no longer guarantee the security of that sub-reddit.\n\n/u/ThomasZander and /u/ShadowOfHarbringer, I would appreciate being returned to the top moderator position of [r/bitcoincash](https://www.reddit.com/r/bitcoincash/). ', 'https://www.reddit.com/r/btc/comments/1bkmy0p/notice_the_rbitcoincash_sub_has_been_taken/', '1bkmy0p', [['u/MemoryDealers', 25, '2024-03-22 03:00', 'https://www.reddit.com/r/btc/comments/1bkmy0p/notice_the_rbitcoincash_sub_has_been_taken/kvzhvsu/', 'I respectfully request that [u/ThomasZander](https://www.reddit.com/user/ThomasZander/)\xa0and\xa0[u/ShadowOfHarbringer](https://www.reddit.com/user/ShadowOfHarbringer/) return r/bitcoincash to u/BitcoinIsTehFuture', '1bkmy0p'], ['u/rareinvoices', 14, '2024-03-22 03:00', 'https://www.reddit.com/r/btc/comments/1bkmy0p/notice_the_rbitcoincash_sub_has_been_taken/kvzhx7l/', '/u/althornton2462 went too rogue so he needed to go. Cant just come out of hibernation and do whatever he likes.\n\nI think you should have been left as top mod, and you guys should have voted on removing /u/althornton2462 instead. So you guys definitely need mediation now.', '1bkmy0p'], ['u/jonald_fyookball', 13, '2024-03-22 03:52', 'https://www.reddit.com/r/btc/comments/1bkmy0p/notice_the_rbitcoincash_sub_has_been_taken/kvzpj8t/', "Completely agree. While I don't think Zander and Shadow are or were bad actors, an attempt to take the subreddit in this way without strong reasons would strike me as misguided at best and I would be inclined to do what I could to dissuade that.", '1bkmy0p'], ['u/pyalot', 35, '2024-03-22 04:20', 'https://www.reddit.com/r/btc/comments/1bkmy0p/notice_the_rbitcoincash_sub_has_been_taken/kvztcou/', "u/althornton2462 accuses you of censorship in their post you claim is 100% the truth. So is it true, did you censor in r/bitcoincash?\n\nu/althornton2462 [tried to remove all mods below them](https://www.reddit.com/r/btc/comments/1bkjrrc/thomas_zander_and_shadowofharbringer_just_did_a/kvzplb0/?context=3) in r/bitcoincash, not just u/ThomasZander and u/ShadowOfHarbringer, but did not mention this in their post. They also didn't mention they took unilateral mod action right after waking up without discussion with other mods. Is telling half the truth really the truth?\n\nYou and u/althornton... 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:** ['One of the largest ways in which institutions interact with financial markets is through foreign exchange. LMAX Group provides electronic trading opportunities for institutions as well as cryptocurrency trading. CEO David Mercer discussed his views on the future of crypto onCNBC.\nMercer said that Bitcoin reaching new highs is "inevitable" because of institutional investment, which outweighs selling pressures. He noted that about 900 Bitcoin are mined per day, which is worth between $60 million and $70 million, as opposed to inflows into the exchange-traded funds (ETFs), which reached nearly$700 million in a single dayin early March. According to Mercer, this huge imbalance of supply and demand is driving the price of Bitcoin up.\nDon\'t Miss:\n• If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today.\n• About 22% of the adult population in the U.S. owns a share of Bitcoin —how much would $10 get you today?\nAdditionally, Mercer also discussed the upcoming Bitcoin halving, expected in mid-April. This would lower the amount of Bitcoin mined per day by half to around 450, which could further decrease selling pressures and cause Bitcoin to continue going up. However, some, including Mercer, believe that this is already priced into the market.\nHe also made a statement regarding the total size of the crypto market, saying that if "3% of the world\'s assets go to crypto, that would be a $6 trillion asset class." For reference, the entire crypto market is estimated to be worth around $2.5 trillion.\n"You should expect most crypto prices to go north from here, and I think that Ethereum and Solana will follow," Mercer said.\nLooking beyond crypto, Mercer sees tokenization as "the fourth or fifth industrial revolution" and he predicts that "the token economy will be $20 trillion by 2030." He thinks that tokenization is the true underlying benefit of crypto, and he sees Bitcoin as just a "signpost" and a "proof of concept" for tokenization to take off, "which we will be lucky to live through and enjoy."\n"Based purely on supply and demand ... you should see the price of Bitcoin being multiples of what it is today," Mercer said.\nThough Mercer noted that he is not in the business of predicting, he is basing his idea of Bitcoin going up on the assumption that it will continue to be allocated into standard investment portfolios. This could happen sooner than some expected; the largest pension fund, Japan\'s Government Pension Investment Fund (GPIF), recently submitted a request to explore the viability of incorporating Bitcoin into its investment strategy.\nIn terms of the potential for spot Ethereum ETFs, Mercer said that "Bitcoin is the store of value ... the gold of the crypto market. Ethereum is the utility. The oil of the crypto market." He predicted that the Ethereum ETF would happen and be great for Ethereum and the decentralized economy.\nMercer discussed nearly all of the pressing issues relating to crypto, bringing every point back to his bullish stance on the asset class. It will be interesting to see how his predictions play out, particularly his idea that crypto could reach a total market size of $6 trillion.\nRead Next:\n• Bitcoin has jumped another 45% already this year —how much would you need to get started today?\n• Bitcoin to $100,000?Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast.\n"ACTIVE INVESTORS\' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n• APPLE (AAPL): Free Stock Analysis Report\n• TESLA (TSLA): Free Stock Analysis Report\nThis articleLMAX Group CEO Forecasts Bullish Trend: Anticipates Crypto Prices To Surge, Citing Potential $6 Trillion Asset Classoriginally appeared onBenzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', '• Bitcoin fell below $63,000 early during the U.S. session Friday amid a broader crypto sell-off.\n• "It will take some time" until bitcoin recovers to $73,000, Galaxy CEO Mike Novogratz said at the Bitcoin Investor Day conference.\n• ETF inflows will return once GBTC selling is completed due to favorable macro conditions, Coinbase analysts said.\nVolatility in crypto markets continued Friday, with bitcoin {{BTC}} tumbling below $63,000 at one point from the $67,000 area just hours earlier. A modest rebound since has taken the price back to the current $64,000, down 3.7% over the past 24 hours.\nThe sell-off rippled through the market, with the broadCoinDesk 20 Indexwas lower by 4.4% over the same time frame, led by layer-1 network Solana\'s token {{SOL}} declining more than 10% at one point.\nIt\'s been more than a week when BTC turned sharply lower from its fresh all-time high price over $73,000 and crypto assets entered a corrective period. While Wednesday\'s steep, 10% rally on the back of a dovish Federal Reserve promised a quick recovery, the price action since suggests otherwise.\n"[It] will take some time before we take out that $73,000 again," said Mike Novogratz, CEO of digital asset investment company Galaxy Digital, during a panel discussion at Bitcoin Investor Day in New York Friday morning.\nThe weak price action comes as U.S.-listed spot bitcoin ETFs have suffered what\'s now four consecutive days of net negative flows. To be sure, nearly all the funds continue to see inflows, but each day this week, they\'ve not been nearly enough to offset massive outflows from the Grayscale Bitcoin Trust (GBTC). On Thursday, GBTC saw $359 million in outflows, leading to $94 million in outflows for the entire fund group. Fidelity\'s Wise Origin Bitcoin Fund (FBTC) garnered the lowest daily inflow in its history,data compiledby BitMEX Research shows.\nSo far through the week, the spot ETFs have recorded over $830 million outflows, and are on track to endure their second negative week since late January when BTC corrected to $39,000.\nAnalysts at Coinbase Institutional noted that the increased GBTC selling is potentially in part due to Genesis selling shares as part of its bankruptcy process. Once the sales are completed, the report said, inflows to ETFs could pick up again amid favorable macro conditions and favorable central bank policy.\n"We think the macro environment remains amenable for more spot bitcoin ETF inflows following the Federal Reserve meeting that concluded on March 20," the Coinbase authors wrote. "We expect the current US disinflationary trend to remain intact, financial conditions in the US to continue easing, and markets to be supported by the tapering of the Fed’s quantitative tightening program."\nHelene Braun contributed reporting', '• Bitcoin fell below $63,000 early during the U.S. session Friday amid a broader crypto sell-off.\n• "It will take some time" until bitcoin recovers to $73,000, Galaxy CEO Mike Novogratz said at the Bitcoin Investor Day conference.\n• ETF inflows will return once GBTC selling is completed due to favorable macro conditions, Coinbase analysts said.\nVolatility in crypto markets continued Friday, with bitcoin {{BTC}} tumbling below $63,000 at one point from the $67,000 area just hours earlier. A modest rebound since has taken the price back to the current $64,000, down 3.7% over the past 24 hours.\nThe sell-off rippled through the market, with the broadCoinDesk 20 Indexwas lower by 4.4% over the same time frame, led by layer-1 network Solana\'s token {{SOL}} declining more than 10% at one point.\nIt\'s been more than a week when BTC turned sharply lower from its fresh all-time high price over $73,000 and crypto assets entered a corrective period. While Wednesday\'s steep, 10% rally on the back of a dovish Federal Reserve promised a quick recovery, the price action since suggests otherwise.\n"[It] will take some time before we take out that $73,000 again," said Mike Novogratz, CEO of digital asset investment company Galaxy Digital, during a panel discussion at Bitcoin Investor Day in New York Friday morning.\nThe weak price action comes as U.S.-listed spot bitcoin ETFs have suffered what\'s now four consecutive days of net negative flows. To be sure, nearly all the funds continue to see inflows, but each day this week, they\'ve not been nearly enough to offset massive outflows from the Grayscale Bitcoin Trust (GBTC). On Thursday, GBTC saw $359 million in outflows, leading to $94 million in outflows for the entire fund group. Fidelity\'s Wise Origin Bitcoin Fund (FBTC) garnered the lowest daily inflow in its history,data compiledby BitMEX Research shows.\nSo far through the week, the spot ETFs have recorded over $830 million outflows, and are on track to endure their second negative week since late January when BTC corrected to $39,000.\nAnalysts at Coinbase Institutional noted that the increased GBTC selling is potentially in part due to Genesis selling shares as part of its bankruptcy process. Once the sales are completed, the report said, inflows to ETFs could pick up again amid favorable macro conditions and favorable central bank policy.\n"We think the macro environment remains amenable for more spot bitcoin ETF inflows following the Federal Reserve meeting that concluded on March 20," the Coinbase authors wrote. "We expect the current US disinflationary trend to remain intact, financial conditions in the US to continue easing, and markets to be supported by the tapering of the Fed’s quantitative tightening program."\nHelene Braun contributed reporting', '• US stocks dipped Friday but ended with a gain for the week after the Fed meeting kicked off a rally.\n• Major averages gained for the week as the central bank indicated three rate hikes on tap this year.\n• Bitcoin ETFs saw their worst week of outflows since they debuted in January.\nUS stocks dipped on Friday, but ended the week with a gain, bolstered by a two-day rally that **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: 2024-03-23 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,272,956,394,725 - Hash Rate: 650999450.2580782 - Transaction Count: 326610.0 - Unique Addresses: 622559.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.73 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Adena T. Friedman; CEO & Chairman; Nasdaq, Inc. Ato Garrett; Senior VP & IR Officer; Nasdaq, Inc. Sarah M. Youngwood; Executive VP & CFO; Nasdaq, Inc. Alexander Blostein; Lead Capital Markets Analyst; Goldman Sachs Group, Inc., Research Division Andrew Bond; Senior Analyst; Rosenblatt Securities Inc., Research Division Brian Bertram Bedell; Director in Equity Research; Deutsche Bank AG, Research Division Christopher John Allen; MD; Citigroup Inc., Research Division Daniel Thomas Fannon; Senior Equity Research Analyst; Jefferies LLC, Research Division Kyle Kenneth Voigt; MD; Keefe, Bruyette, & Woods, Inc., Research Division Michael Cho; Research Analyst; JPMorgan Chase & Co, 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 Operator Good day, and thank you for standing by. Welcome to the Nasdaq Fourth Quarter 2023 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.I would now like to hand the conference over to your first speaker, to Ato Garrett, SVP, Investor Relations. Please go ahead. Ato Garrett Good morning, and thank you for joining us today to discuss Nasdaq's fourth quarter and full year 2023 financial results. On the line are Adena Friedman, our Chair and Chief Executive Officer; Sarah Youngwood, our Chief Financial Officer; John Zecca, our Chief Legal Risk and Regulatory Officer; and other members of the management team. After prepared remarks, we will open the line for Q&A.The press release and earnings presentation are on our website. We intend to use the website as a means of disclosing material nonpublic information and complying with disclosure obligations under Regulation FD.I would like to remind you that certain statements in this presentation and during Q&A may relate to future events and expectations and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from these projections. Information concerning factors that could cause actual results to differ from forward-looking statements is continued in our press release and periodic reports filed with the SEC.Further, any references to organic growth will exclude the impact of changes in FX rates and the impact of acquisitions and divestitures, which this quarter substantially all relate to the 2 months of Adenza performance included in the fourth quarter and Operator Ladies and gentlemen, please continue to hold. your conference call will resume momentarily.(technical difficulty) Adena T. Friedman (technical difficulty) for an improving business environment for Nasdaq in 2024.We have a healthy pipeline of companies that have filed to go public on Nasdaq. Additionally, throughout 2023, we benefited from $31 billion in net inflows into our Index products, which represents a strong starting point for 2024. In the fourth quarter, we also saw early signs of normalization in sales cycles for our IR and asset owner solutions. And lastly, market volumes are off to a solid start in the new year and client interest in our comprehensive suite of technology solutions remains very strong.Turning to our financial results. In the fourth quarter, Nasdaq crossed the $1 billion mark in net revenues for the first time in a single quarter, achieving revenues of $1.1 billion. This is a 23% increase compared to the prior year period and a 7% increase on an organic basis. We delivered 9% organic growth across our Solutions businesses during the quarter while Market Services was flat.For the full year, net revenues of $3.9 billion increased 9% from 2022 or 5% on an organic basis. Solutions generated 7% organic -- annual organic revenue growth, which is consistent with our overall Solutions revenue outlook despite a dynamic market environment. Our Market Services revenue were flat year-over-year, primarily due to continued muted volumes in Europe on the back of strong performance in 2022.Our annualized recurring revenue, or ARR, ended the year at $2.6 billion, an organic increase of 6% year-over-year. The slower IPO environment, as well as lower buying activity by corporates for our IR solutions, contributed to a more modest growth in ARR in 2023. Annualized SaaS revenues increased to $910 million in the fourth quarter of 2023. Excluding Adenza, this represented a 12% growth rate and 38% of total company ARR. Across the company, we accomplished revenue growth and business expansion while maintaining our operating margin at 52% for both the quarter and the full year basis, excluding Adenza.Our strong performance in 2023 illustrates the strength of our diversified business and ability to deliver against our longer-term objectives in an unpredictable environment. We did this while taking an important strategic step in Nasdaq's evolution. On November 1, we were pleased to complete the Adenza acquisition, and we are now working as one team to further our clients' goals for risk management and regulatory reporting excellence.Reflecting on the past year, I'm extremely proud of Nasdaq's team's accomplishments. With the establishment of our divisional structure and the Adenza acquisition, 2023 was a transformational year for our business. Throughout the year, we achieved several major milestones to deepen our client relationships and advance our vision to be the trusted fabric of the world's financial system.Now let's review the highlights of our operational accomplishments and client successes by division, starting with Capital Access Platforms. As you know, at Nasdaq, our exchanges are our foundation. We maintained our position as the premier U.S. exchange for IPOs with an 81% U.S. operating company win rate in 2023. In total, we welcomed 103 operating company IPOs that raised more than $11 billion in proceeds, marking Nasdaq's fifth consecutive year as the leading U.S. listing exchange in terms of both number of IPOs and proceeds raised. In addition, 18 companies representing $377 billion in market value switched their listings to Nasdaq during the year.In Index, we had $31 billion of net inflows for the year, including $10 billion in the fourth quarter. Our clients want -- our clients launched 83 new products linked to Nasdaq indices during the year, bringing to market robust solutions in line with investor demand.Beyond our exchange and index leadership, we are a leading source of institutional intelligence to the buy side through eVestment and have continued to expand our offering into alternatives and ESG. We continue to broaden our ESG solutions in 2023, launching multiple new offerings to help corporates and investors navigate an evolving ESG ecosystem, including Nasdaq Metrio and eVestment ESG Analytics. We also introduced a suite of new solutions designed to help corporate clients drive governance excellence and accelerate their ESG strategies, including Sustainable Lens through IR Insight.Turning to the Fintech division. With the completion of our Adenza acquisition, we have created a financial technology powerhouse of anti-financial crime, surveillance, market technology and risk and regulatory reporting solutions that positions us as a key risk management partner to the global financial system.Our Calypso solution helps financial institutions navigate a range of market conditions, providing a live view of risk across proprietary and client trading portfolios with detailed analytics to support real-time risk management decision-making. Similarly, in an increasingly complex and fragmented global regulatory environment, where risks need to be managed in shorter timelines at a granular level, our AxiomSL solution enables our clients to benefit from the Nasdaq's global scale and expertise.We now can be a comprehensive partner to banks, brokers, financial market infrastructure providers and investment managers worldwide by helping them maximize their liquidity through world-class capital markets and risk management technology as well as by enhancing integrity across the banking system through our regulatory reporting and anti-financial crime suite of solutions.With the closing of Adenza, we're fully focused on engaging with our clients and new employees to ensure a smooth and successful transition and integration. Tal Cohen, Nasdaq's Co-President and leader of the Fintech division, and I, have personally been speaking with our clients over the past few months, and there's a lot of excitement around the potential opportunities now that Adenza is part of Nasdaq.Adenza finished the year with strong sales and upsells across its solutions. Specifically, in the last 2 months, we signed 6 new clients, including 2 central banks. We also expanded our relationships with 35 existing clients. For the full year, Adenza added 23 new clients and expanded our relationships with 142 existing clients, including 3 cross-sells. We are thrilled to enter 2024 with Adenza as part of Nasdaq, and we're very excited to drive the business and the solutions to new heights in the years ahead.Turning to Market Technology. In 2023, we bolstered our global client footprint with addition of 7 clients, including 4 in the fourth quarter. We also expanded our relationships with 4 clients in the fourth quarter and more than 10 clients for the full year. Importantly, we had key technology client signings in APAC and in the LatAm regions.We are proud to forge new technology partnership with nuam exchange, which is the consolidation of marketplaces across Peru, Chile and Colombia. We also expanded our relationship with Chile's central securities depository with capabilities manage digitized assets and with B3 in Brazil to develop a new clearing solution, and with BMV in Mexico to modernize its entire post-trade technology platform. Our growing cus... - Reddit Posts (Sample): [['u/y2kdisaster', 'Are there any good common legal psychedelics?', 15, '2024-03-23 00:08', 'https://www.reddit.com/r/Psychedelic/comments/1bld27y/are_there_any_good_common_legal_psychedelics/', 'I went to a smoke shop and asked if they had anything to get me high other than weed based products. The guy suggested some vape called shroomz, said if apparently felt like shrooms without visuals. I tried it and it was dead ass delta8, nothing more. \n\nJust wondering if there is a common legal psychedelic that may be weaker but similar. Like how delta8 is weaker legal weed. \n\nI used to do some synthetic shrooms a few years ago but I had to buy it from some Canadian website and pay with bitcoin… I’d rather get something more easily accessible. ', 'https://www.reddit.com/r/Psychedelic/comments/1bld27y/are_there_any_good_common_legal_psychedelics/', '1bld27y', [['u/Avatar_sokka', 16, '2024-03-23 01:51', 'https://www.reddit.com/r/Psychedelic/comments/1bld27y/are_there_any_good_common_legal_psychedelics/kw4szcm/', "Don't even bring up Datura, you don't wanna put ideas into people's heads, its extremely dangerous and even if it doesnt straight up kill you, it can cause permanent brain damage, psychosis, ptsd... There is never a reason for anyone to ever do Datura, period.\n\nThis isnt really towards you or anything, I just wanted to emphasize how insanely dangerous datura is.", '1bld27y'], ['u/swedgemite666', 18, '2024-03-23 02:23', 'https://www.reddit.com/r/Psychedelic/comments/1bld27y/are_there_any_good_common_legal_psychedelics/kw4xssx/', 'don\'t listen to any of these idiots telling you to take Salvia, datura, fly agaric, dxm, or "gas station weed". holy fuck any of those are a recipe for a bad time. shiity drugs.\n\nfind some real legal psychedelics here. I like their 4 ho met as its like a mix of mushrooms and lsd. very visual but not a huge mental load either', '1bld27y']]], ['u/pyalot', 'u/althornton2462 banned u/Veterinarian599', 31, '2024-03-23 00:09', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/', 'u/althornton2462 banned u/Veterinarian599\n\nhttps://www.reddit.com/r/Bitcoincash/comments/1blci9w/ive_been_banned_from_rbtc_by_althornton2462/\n\nThe ban message was „ breaking Reddit ToS“ but no explanation. The user was not warned about what type of conduct they should abstain from. Reading their recent comments, I can guess what the offense was.\n\nThough it has me wondering, would they be treated this way if they where not extremely critical of the new mod team and u/althornton2462 in particular? Probably not. So there you go, the politicaly motivated purges by way of strict application of mod rules to undesirables have already begun, just like they did in r/bitcoin under u/theymos rule.\n\nWhat was that about erring on the side of free speech and no censorship in r/btc, ah you the sweet smell of hypocrisy.\n\n[vote here if u/althornton2462 should be removed as mod](https://www.reddit.com/r/btc/comments/1bl0f9b/poll_should_ualthornton2462_step_downbe_removed/)', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/', '1bld2v3', [['u/LordIgorBogdanoff', 10, '2024-03-23 00:11', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4dpil/', "It's Joever.", '1bld2v3'], ['u/Alex-Crypto', 25, '2024-03-23 00:20', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4f1il/', 'CENSORSHIP!!!! /u/althornton2462!!!!! /u/memorydealers!!!!!\n\nCENSORSHIP HAS BEGUN IN FULL!!!! Takeover complete.', '1bld2v3'], ['u/Alex-Crypto', 19, '2024-03-23 00:20', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4f5bx/', 'CENSORSHIP!!!!!', '1bld2v3'], ['u/fiendishcrypto', 18, '2024-03-23 00:21', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4f711/', 'Ok so what does attacking the sub mean?\nIsn’t that what the mods all agreed George Donnelly was doing? And then you removed that ban and tried to kick all the mods?\n\nThe hypocrisy. Free speech. \nSure. Free speech, if it suits you', '1bld2v3'], ['u/mojo_jojo_mark', 14, '2024-03-23 00:22', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4ffd6/', 'Ye, this is odd....what is going on.', '1bld2v3'], ['u/pyalot', 28, '2024-03-23 00:24', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4fpo2/', '1. Resign your mod position now\n2. You could have warned them about what you consider unacceptable (which is recommended modiquette) but I am not surprised your modiquette leaves much to be desired\n3. You where instructed by u/memorydealers to err on the side of free speech, tell me about how you applied that in this case?\n4. You cried the loudest about censorship, and yet, no mere hours later here you are, censoring. How does that work?', '1bld2v3'], ['u/pyalot', 23, '2024-03-23 00:28', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4gcgc/', 'You attacked this subreddit, so… show yourself out?\n\nOoohhhwait, I understand. You just learned today that moderation isnt censorship, and that sometimes banning users is required? Awww, they grow up so fast, arent you a cutsy.', '1bld2v3'], ['u/fiendishcrypto', 15, '2024-03-23 00:29', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4gktv/', 'No. You die on this sword.\nYou don’t get to have it both ways.\nGeorge was doing exactly the same thing as what you are accusing the other person of doing.\n\nHe has been agitating and attacking it until he got his way. Why is that ok, and this isn’t?', '1bld2v3'], ['u/pyalot', 19, '2024-03-23 00:32', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4h0rc/', 'Which TOS did they break?', '1bld2v3'], ['u/fiendishcrypto', 15, '2024-03-23 00:36', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4hjb1/', 'r/btc and r/bitcoincash had a hostile takeover from a rogue mod who was 3 years absent. r/bitcoincash survived the attack due to u/thomaszander and u/shadowofharbringer. r/btc was not so lucky, as Roger removed all mods, placed the rogue mod as highest mod, and then George Donnelley was made mod with the most rights.', '1bld2v3'], ['u/Bagmasterflash', 14, '2024-03-23 00:36', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4hmjz/', 'This in no way answers the questions put directly to you.', '1bld2v3'], ['u/pyalot', 13, '2024-03-23 00:38', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4hyeo/', "> He was banned for openly attacking the sub which is against Reddit TOS. If you try to break reddit, you're gonna get banned.\n\nThat is your liberal interpretation. I say this user was protesting the moderators, specifically you. Not „attacking the sub“. You choose to interprete criticism on you as an attack on the sub…\n\nBtw. George attacked the sub, but for real. So…", '1bld2v3'], ['u/pyalot', 13, '2024-03-23 00:42', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4igxh/', 'Btw. how was your workday today? You liked it? Welcome to being an unpaid mod.', '1bld2v3'], ['u/SoulMechanic', 21, '2024-03-23 00:43', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4inqy/', "This does not bode well for the history and confidence that was built in this sub. Already banning people you don't agree with what the hell. I hope Roger wakes up soon. u/althornton2462 you need to stop making messes, you've already done enough of that, if you have any integrity at all you would be wise to remove yourself from moderating. If you think your actions are gonna go over well, you got rude awakening coming.", '1bld2v3'], ['u/pyalot', 14, '2024-03-23 00:53', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4k9qd/', 'Dont worry about it, the virtue signalers never answer questions or justify their behavior, because they know their behavior is indefensible.', '1bld2v3'], ['u/fiendishcrypto', 10, '2024-03-23 00:55', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4khu0/', 'Please, the three of you in r/bitcoincash. Do not relinquish any control. We are lucky to have dodged that bullet. Right now, don’t trust anyone!', '1bld2v3'], ['u/SoulMechanic', 13, '2024-03-23 01:03', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4lok3/', "u/MobTwo was also added today which is a someone in good standing and a long history, I think we're in good hands so far.", '1bld2v3'], ['u/fiendishcrypto', 10, '2024-03-23 01:04', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw4lwyr/', 'Yeah modtwo is a great choice and lots of history.\nJust be ultra cautious. Unless you meet in person, you might be being tricked. Just keep your guards up, this is really funky.', '1bld2v3'], ['u/MobTwo', 11, '2024-03-23 05:03', 'https://www.reddit.com/r/btc/comments/1bld2v3/ualthornton2462_banned_uveterinarian599/kw5iumf/', 'I am not surprised /u/MemoryDealers because this is the Theymos situation all over again. I am not sure why you appointed a rogue mod team but a person has to be accountable for his own actions.', '1bld2v3']]], ['u/Ill-Veterinarian599', 'Roger Ver has gone full bunkers - he nuked the entire mod team of rbtc under the guise of "less censorship" and the new mods are already banning people they don\'t like', 48, '2024-03-23 00:14', 'https://www.reddit.com/r/Buttcoin/comments/1bld7eb/roger_ver_has_gone_full_bunkers_he_nuked_the/', "Seriously it's comedy gold. Either Ver got played by a scammer (it's happened before) or he's gone bonkers.", 'https://www.reddit.com/r/Buttcoin/comments/1bld7eb/rog... 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 is no question that stocks have enjoyed a terrific rally since the end of October. That was when investors became convinced the Federal Reserve was done raising interest rates.\nThe Standard & Poor's 500 is up 27 percent since its Oct. 27, 2023, closing low. It's had 20 record closes this year alone.\nThe Nasdaq Composite Index is up 30.4% over the same time frame.\xa0The Nasdaq-100 Index is up 30%.\nAnd the Russell 2000 Index is up 26.6%.\nFed Chairman Jerome Powell said on Wednesday the central bank still expects to cut rates this year, maybe as many as three times on the expectation inflation is sustainably on its way to 2% a year.\nThere seems to be a consensus that the first cut is coming in June.\nAnd, of course, stocks shot up afterward.\nIf traders are right, is there a chance stocks will go, well, parabolic?\nRelated: Tesla stock slumps after startling China decision\nIf you search the Internet, you'll find a loud cadre of prognosticators saying tech stocks are in a bubble, and a crash or at least a serious pullback is imminent.\nGiven the big rally since October, the concern is understandable.\nSo far, however, markets overall aren't buying into the fears.\nWhat one often hears is the enthusiasm for all things artificial intelligence. Bulls argue that the development of AI is the biggest change coming to technology since the Internet became real in the mid-1990s.\nAnd AI may be setting off a bull run not unlike what we saw in the late 1990s.\n2024 is also a Presidential election year, when stocks typically rise about 6%.\nThat helps explain why the Dow Jones Industrial Average and Standard & Poor's 500 indices hit record highs on Thursday. The Nasdaq and Nasdaq-100 Index hit record closes on Friday.\nIt feeds into the interest in Reddit(RDDT). The\xa0social media company\xa0went public at $34 late Wednesday, and its shares jumped 48% to $50.44 on Thursday, its first day of trading. But Friday, however, Reddit fell 8.8% to $46.\nSpencer Platt/Getty Images\nPerhaps the worst scenario one can find from people who have watched markets is voiced by Jeffrey Hirsch, editor-in-chief ofThe Stock Traders Almanac.\nHirsch believes stocks may be flat for the next few months because it's time. Stocks typically see their best gains between November through April and pause until the fall, he notes.\nJon Markman, aSeattle financial plannerwho's bullish for for the foreseeable future, likes small cap stocks generally and the iShares Russell 2000 exchange-trade fund(IWM)and energy shares for the rest of the year.\nThis week may offer a hint of what's to come because investors and traders will have to make decisions largely absent of big, market-moving events. It's a four-day week because U.S. markets will be closed on Friday for Good Friday.\nSo, if momentum is driving markets you should see it before Thursday, if only because\xa0institutional investors will buy what's hot before trading ends for the first quarter, which is Thursday.\nMore AI stock news:\n• Analysts revamp C3.ai stock price targets after earnings\n• Analyst updates stock price target for Super Micro Computer\n• Analysts unveil new Nvidia price targets ahead of 'AI Woodstock' conference\nMeanwhile, there are a few earnings reports of note:\n• GameStop(GME), the world's largest video-game retailer, due Tuesday.\n• McCormick & Co.(MKC), the big merchant of spices, also on Tuesday.\n• Cruise line operator Carnival(CCL)on Wednesday.\n• Walgreens Boots Alliance(WBA), the big pharmacy chain. It was recently removed from the Dow and replaced by Amazon(AMZN).\nThe Commerce Department releases its monthly Personal Consumption Expenditures Price Index report on Friday morning.\nThe PCE is the Fed's favorite inflation indicator because it measures price changes on things people actually buy.\nThe consensus estimate is for the index to show a month-to-month increase of 0.4% in February down from 0.6% in January. The\xa0year-over-year rate likely rose slightly to 4.8%, projects FXStreet. That\xa0suggests, as Powell himself conceded last week, that the path to normalization in price gains will be bumpy.\nEconomists have been low side on inflation estimates lately. The surprisingly strong inflation numbers of late caused Jerome Powell to repeat his mantra that rate cuts will come when inflation is sustainably lower.\nWall Street took that to mean rates will come down. But as one analyst said last week, another high number creates a different conversation.\nThere are many bitcoin enthusiasts who see bitcoin and crypto currencies soaring through the end of the year.\nBitcoin has scuffled a bit of late. Yes, bitcoin has had a big year. It's up 52.6% for the year as of Saturday.\nBut it has fallen nearly 12% since its record close of $73,463 on March 13.\nRelated: Veteran fund manager picks favorite stocks for 2024", 'In this piece, we will take a look at Cathie Wood\'s stock portfolio for 2024. If you want to skip our overview of Wood, her firm, and the latest news revolving around her hedge fund, then you can skip ahead toCathie Wood\'s Stock Portfolio: Top 5 2024 Stock Picks.\nIn contrast to some of the biggest hedge fund managers that aim to diversify their portfolios to capitalize on both growth and value stocks, Cathie Wood and her hedge fund,ARK Investment Management, are purely focused on growth and investments in "technologically enabled innovation that cuts across economic sectors and changes the way our world works." The firm\'s investment strategy encompasses themes such as Autonomous Technology, Robotics, Artificial Intelligence (AI), Blockchain Technology, Multi-Omics, Space Exploration, and Energy Storage. While her funds have garnered attention for their innovative approach, they have also experienced mixed results over the years, with some describing them as rollercoaster rides. ARK Invest experiencing one of its most successful years since its inception in 2017, achieving an impressive 87.4% gain propelled by a 1,300% surge in Grayscale Bitcoin Trust. This performance coincided with Bitcoin reaching record highs of $20,000 per coin.\nHowever, it was in 2020 that Wood established her reputation on Wall Street, delivering a massive 152.5% gain with her flagship fund amidst the pandemic. The fund achieved this by investing in stocks associated with "disruptive innovation," such as Teladoc Health, Inc. (NYSE:TDOC) Roku, Inc. (NASDAQ:ROKU), and Zoom Video Communications, Inc. (NASDAQ:ZM). In addition, Wood\'s ARK Innovation (ARKK) exchange-traded fund (ETF) emerged as the top-performing global equity fund that same year with at least $1 billion of assets. However, as the high-flying pandemic stocks experienced a subsequent downturn, Wood\'s flagship fund underperformed the S&P 500 index by more than 30 basis points in both 2021 and 2022. In addition, the ARKK ETF sharply underperformed the Nasdaq in 2021, closing down 24% compared to the Nasdaq\'s 21.4% advance. This underperformance persisted in 2022, with the ARKK ETF plummeting 67% versus the Nasdaq\'s 33.1% annual loss. However, there was a notable turnaround in 2023, with the ARKK ETF rebounding strongly, posting a 67.6% gain. The tech sector, in particular, faced challenges following the Federal Reserve\'s decision to pursue an aggressive interest rate-hiking campaign last year.\nIn January 2024, Cathie Wood made headlines again when she raised her bullishestimatefor Bitcoin\'s price to $1,500,000 by 2030, marking a 50% increase from her previous prediction of $1 million. Wood attributed the increased likelihood of this optimistic scenario to the recent SEC approval of spot Bitcoin ETFs in the United States, which she views as a green light for the cryptocurrency. On the other hand, the hedge fund manager also anticipates a price of $258,500, while the base case is set at $682,800. ARK Invest supported its projections by pointing to factors such as a higher hash rate, long-term holder supply, and addresses with a non-zero balance.\nHereis what the hedge fund manager had to say to after the SEC\'s Bitcoin ETF approval:\nTypically in a situation like this where there are a lot of competitors, the market consolidates. So we would expect that to happen. We hope and trust that we will be one of the winners. And I think from our pint of view we have some competitive advantages. A lot of people are talking about fees, and I\'ll get to that. But there are three competitive advantages that i think are very important. One, our infrastructure and operations. Our partner 21shares has built this infrastructure, and then operating 40 different funds through booms and busts, through halvings and forks, and airdrops and you know through periods that the ETF industry just has never seen. So our infrastructure is battle tested. The second is research. As you know we give all of our research away. Our first blog on Bitcoin was the year of our founding, 2014. Our first whitepaper, Bitcoin Couldn\'t Serve The Three Roles of Money, we did in collaboration with Art Laffer. In 2015. We gained our first exposure in Bitcoin at $250 and have never left it.\nWith these details in mind, let\'s take a look at some of the best stocks in Cathie Wood\'s stock portfolio. Some notable names in this list include Tesla, Inc. (NASDAQ:TSLA), UiPath Inc. (NYSE:PATH), and Coinbase Global, Inc. (NASDAQ:COIN), among others.\nCathie Wood of ARK Investment Management\nOurMethodology\nWe selected the following 10 stocks from Cathie Wood’s ARK Invest portfolio as of Q4 2023. We have also mentioned the hedge fund sentiment towards each stock, which was assessed from Insider Monkey’s database of 933 elite hedge funds tracked as of the end of the last quarter of 2023. The list is arranged in ascending order of the number of ARK Invest’s stake value in each holding.\nHedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).\nNumber of Hedge Fund 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: 2024-03-24 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,261,385,877,138 - Hash Rate: 709422477.8453414 - Transaction Count: 331527.0 - Unique Addresses: 566459.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.74 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin {{BTC}} remained steady at around $43,000 Thursday as tumbling U.S. regional bank stocks reignited fears about the health of U.S. lenders and a rerun of last March's banking crisis. Shares of New York Community Bancorp (NYCB) extended decline to over 40% since Tuesday, reaching similar troughs as last March after itreported lossesstemming from its commercial real estate loans and dividend cut. The KBW Nasdaq Regional Bank Index (KBR), a benchmark for the sector, edged another 2% lower following yesterday's largest daily decline since March. Market observers also mulled the importance of the Federal Reserveremovinga key language addressing the resiliency of the U.S. banking system in its Wednesday statement about its interest rate decision that appeared in previous instances, a development mostly trumped at the time by Fed Chair Powell quashing hopes of imminent rate cuts. "Who would've thought the removal of 'the U.S. banking system is sound and resilient' would be the most important line yesterday," Quinn Thompson, head of capital markets and growth at lending platform Maple Finance,saidin an X post, noting traditional safe haven asset gold's uptick relative to U.S. bank stocks. During last March's "banking crisis," notably, bitcoin rallied sharply – after a short-lived decline – nearly to $30,000 from $20,000 emerging as a perceived "safe haven" asset independent from the banking system's woes. Read more:Bitcoin Is a Clear Winner of the U.S. Banking Crisis This time, bitcoin's price action has been muted so far. The largest crypto by market cap slightly bounced higher from below $42,000 earlier during the day, consolidating in the familiar channel capped at $44,000. At press time, BTC changed hands at just below $43,000, up 1% over the past 24 hours. The CoinDesk 20 {{CD20}}, a broad crypto market benchmark tracking the largest crypto assets, gained 1.5% during the same period. "Whatever the reason for BTC’s 'risk off' behavior yesterday, it highlights the fascinating yet confusing duality of the BTC market – sometimes it’s a macro risk asset, sometimes it’s a hedge against macro risk," Noelle Acheson, analyst and author of Crypto Is Macro Now newsletter, wrote Thursday. Maple's Thompsonsaidhe was surprised by bitcoin's delayed reaction but is "cautiously long." "Traditional 'stores of value' are eroding slowly. Commercial real estate and local U.S. banks were always considered safe assets to store wealth," prominent digital asset and venture capital investor Dan Tapieropostedon X. "There were few alternatives...gold, art, equity, bonds etc. Bitcoin will be our new tech-enabled world store of value."... - Reddit Posts (Sample): [['u/Complex_Recover4595', 'My self esteem is so low. How can I fix it?', 63, '2024-03-24 01:07', 'https://www.reddit.com/r/selfimprovement/comments/1bm7556/my_self_esteem_is_so_low_how_can_i_fix_it/', 'My self esteem is so so so low. I don’t know why. It makes me angry to know that I don’t know my own worth. I feel like I’m worth so much more than what I put up with and what I go through and I feel like my family and family friends see that, but I feel like outsiders don’t see that and they treat me like sh*t? I don’t know why its so hard for me to make connections outside my inner circle. \n\nBut then I also engage in behaviors that I’m not proud of and which isn’t a reflection of my worth. Some stuff I involved myself in, sending and selling explicit pictures/content of myself on snapchat for money (w privacy 🧿🧿🧿). I got in legal trouble at 17 for st**ling 🧿🧿🧿. I got assaulted by a guy who worked at Goldman Sachs, and wasn’t in a relationship with me and he was so disrespectful to me I felt violated. I was bullied from elementary through high school. I was also a special needs student so I was prone to get “picked on” by the smart kids🧿🧿🧿.Girls are literally so mean to me. This girl hated my guts and literally tried to steal all my family’s assets 🧿🧿🧿.\n\nThis girl was basically dating that guy who abused me. She would constantly make comments like "| be shting on btches" "btches have to be careful with me" or "btches be dumb" or "i be violating btvhes" " I be ending btches" "btches wish they were me" and that she gets guys and how girls wish they were her. She calls her male partners “assets" where she sets girls up with her boyfriends (assets like she mentioned earlier) and then those guys steal financial resources from the girls family.\n\n Her comments made me feel super uncomfortable. And she did in fact did all the things she mentioned to me. And she did all this to me because I gave her an unintentional back massage when I was 15 and she was 18. She yelled at me and told me to back off, I got very teary eyed and apologized, but she didn\'t accept it. And she set me up with one of her "assets" She\'s very egocentric like todays rappers are. I feel violated, humiliated and just insecure. I\'ve never been called such words i\'m the sweetest person in the world and the fact people make me seem like l\'m that, is disgusting.\n\nLike why am I always put in situations where my worth is diminished. It makes me angry when people don’t see my worth. Its like My family has assets they’re educated they’re smart all my family friends are becoming doctors, engineers and lawyers. And then my family suffers because of some dumb rich crackhead. Like why can’t I find my own people? That respect me and see my worth? I want to be successful and happy too. I’m a business major and I feel terrible that I’m not smart as my family friends. ', 'https://www.reddit.com/r/selfimprovement/comments/1bm7556/my_self_esteem_is_so_low_how_can_i_fix_it/', '1bm7556', [['u/Any_Scallion3354', 27, '2024-03-24 01:18', 'https://www.reddit.com/r/selfimprovement/comments/1bm7556/my_self_esteem_is_so_low_how_can_i_fix_it/kw9td0n/', 'Your self esteem is low because you have a long history of being bullied and violated. Please go to therapy and learn how to stand up for yourself and be more assertive with the assholes of the world.', '1bm7556'], ['u/Additional-Emu6623', 12, '2024-03-24 01:23', 'https://www.reddit.com/r/selfimprovement/comments/1bm7556/my_self_esteem_is_so_low_how_can_i_fix_it/kw9u43d/', 'i understand what you’re going through sweetheart ❤️ as a 19yo female i know how horrible girls can be. i think the first step is to cut out toxic stuff. the first step in building self esteem is to build a life that you’re proud of. if you’re struggling with the thought of selling explicit pics, don’t do it! there are other ways to make money. i’m so sorry you’ve gone through so much and that you’re feeling this way. but like i said, self confidence starts with self respect ❤️ if you’re comfortable, i also recommend seeking therapy. they are there to help you! feel free to reply to me here if you ever want advice!', '1bm7556'], ['u/motivemurat', 10, '2024-03-24 01:53', 'https://www.reddit.com/r/selfimprovement/comments/1bm7556/my_self_esteem_is_so_low_how_can_i_fix_it/kw9ylou/', 'Your sense of self-worth and self-esteem should not be tied to external factors. I really like that you acknowledged in your first paragraph that people close to you such as your friends and family see your worth (and the issue being your tying of self-worth to external people outside your circle). However, I would argue that your sense of self-worth shouldn\'t be tied to anything outside of you... to improve confidence and your general self-esteem, you have to look within. The answer is not external (which is of course much easier said than done).\n\nI guess the better question to ask in this situation is: "How can i stop caring about the thoughts of others about me", and most importantly, "How can I stop caring about how people that I dont even like, that I dont even want to be friends with, and people who do bad things thoughts about me". Fundamentally, it\'ll boil down to being proud of whom you are, acknowledging the fact that they are the flawed ones (because being abusive towards anyone is not a normal or right thing to do), and when receiving these type of comments, or being put in uncomfortable situations by these people, know that you are not the one that is flawed. In some sense, dont let their negativity and darkness within them spread to you. See them for whom they are - bad, abusive, negative, jealous people - they don\'t deserve your attention. Focus on you, the ones you love, the ones you care about, and focus on growing stronger within (this is a big topic on its own but is mainly done by working towards whom you want to become, you grow strength from your own achievements - have a list of things you are proud of that you have achieved, reflect on these, and support those whom you love and care about the most).', '1bm7556'], ['u/Brilliant-Purple-591', 11, '2024-03-24 08:20', 'https://www.reddit.com/r/selfimprovement/comments/1bm7556/my_self_esteem_is_so_low_how_can_i_fix_it/kwb6s7q/', 'this is a great start for temporary relief. however, this covers only the surface. if OP really wants to work on his self-esteem, she or he has to go beyond and unveil the patterns of unworthiness.\xa0', '1bm7556']]], ['u/heavenswordx', 'Whenever you wonder if you’re early, just check out comments in trad media mentioning bitcoin ', 78, '2024-03-24 01:20', 'https://www.reddit.com/r/Bitcoin/comments/1bm7f34/whenever_you_wonder_if_youre_early_just_check_out/', '“Bitcoin is nonsensical”\n“Bitcoin is a societal waste that brings no benefit”\n“Bitcoin doesn’t have a purpose”\n“Bitcoin is only good for scammers”. \n\nWhen the average trad media readers and when the average politicians believes bitcoin is good, that’s when you know that we’re no longer early and have reached mainstream adoption. ', 'https://www.reddit.com/r/Bitcoin/comments/1bm7f34/whenever_you_wonder_if_youre_early_just_check_out/', '1bm7f34', [['u/SmokeAndSkate', 69, '2024-03-24 02:33', 'https://www.reddit.com/r/Bitcoin/comments/1bm7f34/whenever_you_wonder_if_youre_early_just_check_out/kwa4e5d/', 'Occasionally I throw a Bitcoin comment into tradfi investing subs just to make sure I still get downvoted.', '1bm7f34'], ['u/JeffWest01', 23, '2024-03-24 02:36', 'https://www.reddit.com/r/Bitcoin/comments/1bm7f34/whenever_you_wonder_if_youre_early_just_check_out/kwa4r08/', 'Or straight-up banned.', '1bm7f34'], ['u/Skittles_the_Clown', 16, '2024-03-24 02:57', 'https://www.reddit.com/r/Bitcoin/comments/1bm7f34/whenever_you_wonder_if_youre_early_just_check_out/kwa7sah/', 'It’s insane how easy it is to get banned for simply trying to have a civilized discussion about the merits of Bitcoin on other subs.', '1bm7f34']]], ['u/Gapaloo', 'Ankr project changed?', 12, '2024-03-24 01:29', 'https://www.reddit.com/r/Ankrofficial/comments/1bm7lub/ankr_project_changed/', 'I only got into ankr last month because it seemed very interesting and had seemingly good partnerships. \nBut it seems they are heading in a drastically different direction than what they even proposed for ankr 2.0. \nNo more independent nodes and ultra sound is mentioned about but devs don’t want to talk about it. \n\nI think it would be nice to have an actual layout into what Ankr is shooting for, but all we get is “the wave is starting”, then proceed to talk about bitcoin staking and that’s it. \nWhat a tiny wave that isn’t even coming out this year. And the Nvidia announcement was just them visiting the conference, trying to pull the wool over peoples eyes I fear. \n\nSeems like the PR team, the marketing team and the devs are on wildly different levels, would be nice if they were more unified. ', 'https://www.reddit.com/r/Ankrofficial/comments/1bm7lub/ankr_project_changed/', '1bm7lub', [['u/nkdowney', 10, '2024-03-24 03:09', 'https://www.reddit.com/r/Ankrofficial/comments/1bm7lub/ankr_project_changed/kwa9cs0/', 'Reeeeelllaaaxxxxxxx. Patience people my goodness. We have a longggg way to go if we wanna see real gains', '1bm7lub']]], ['u/GetBent1990', 'BTC Halving Update 😀', 114, '2024-03-24 02:38', 'https://www.reddit.com/r/SHIBArmy/comments/1bm91p6/btc_halving_update/', '4/19 @ 2348 ', 'https://i.redd.it/8zcn1cnwr6qc1.jpeg', '1bm91p6', [['u/SadEntrepreneur4354', 13, '2024-03-24 03:12', 'https://www.reddit.com/r/SHIBArmy/comments/1bm91p6/btc_halving_update/kwa9s1h/', "Miners now get half the Bitcoin than they used to. Example after mining a whole block, you get 6 Bitcoin, after the halving you'll get 3 Bitcoin. Happens every 4 years.", '1bm91p6'], ['u/Caboun6828', 14, '2024-03-24 03:22', 'https://www.reddit.com/r/SHIBArmy/comments/1bm91p6/btc_halving_update/kwab386/', ' Nothing happens to the price that will make yall rich unless you are mining and get the la... 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:** ["CryptoQuant CEO Ki Young Ju has made a prediction regarding the spotBitcoinexchange-traded fund (ETF) market, stating that it could experience a rebound in demand if the price of BTC continues to decline.\nAnalyzing historical net flow trends, Young Ju observed that demand for Bitcoin ETFs tends to rise when the cryptocurrency reaches specific price levels. However, BitMEX Researchrevealsthat spot BTC ETFs have recently seen negative net flows, with outflows from the Grayscale Bitcoin Trust ETF and reduced inflows to other BTC ETFs over the past four trading sessions.\nThe CEO highlighted that new BTC whales, particularly ETF buyers, have an on-chain cost basis of approximately $56,000. If Bitcoin's price were to dip to this level, Young Ju anticipates significant inflows into the ETFs.\nYoung Ju suggests the possibility of a further dip in BTC, as corrections typically result in a drop of around 30%. This could bring Bitcoin's price to approximately $51,000 from its recent all-time high of $73,750. The recent correction in Bitcoin's price was attributed to overheated market conditions, described by analysts as retracement ahead of the upcoming Bitcoin halving event scheduled for April.", "CryptoQuant CEO Ki Young Ju has made a prediction regarding the spotBitcoinexchange-traded fund (ETF) market, stating that it could experience a rebound in demand if the price of BTC continues to decline.\nAnalyzing historical net flow trends, Young Ju observed that demand for Bitcoin ETFs tends to rise when the cryptocurrency reaches specific price levels. However, BitMEX Researchrevealsthat spot BTC ETFs have recently seen negative net flows, with outflows from the Grayscale Bitcoin Trust ETF and reduced inflows to other BTC ETFs over the past four trading sessions.\nThe CEO highlighted that new BTC whales, particularly ETF buyers, have an on-chain cost basis of approximately $56,000. If Bitcoin's price were to dip to this level, Young Ju anticipates significant inflows into the ETFs.\nYoung Ju suggests the possibility of a further dip in BTC, as corrections typically result in a drop of around 30%. This could bring Bitcoin's price to approximately $51,000 from its recent all-time high of $73,750. The recent correction in Bitcoin's price was attributed to overheated market conditions, described by analysts as retracement ahead of the upcoming Bitcoin halving event scheduled for April.", '• Asia\'s business week opened with major cryptos well in the green, and the CD20 up 5%\n• This can partially be attributed to a global easing cycle opening up with Swiss National Bank being the first major central bank to cut rates\nThe crypto market began the Asia trading day in the green, as traders cheered BlackRock\'s foray into asset tokenisation and the beginning of the global central bank easing cycle.\nBitcoin {{BTC}}, the world\'s largest digital asset, traded at $67,300, up 4.9% on a 24-hour basis and ether traded 4.7% higher above $3,400. TheCoinDesk 20 (CD20), a measure of the most liquid cryptocurrencies, was up around 5% at press time.\nBradley Park, an analyst at CryptoQuant, attributes the gains to the market digestingBlackRock\'s fund targeting tokenized productson Ethereum called BUIDL.\nShorts that bet against bitcoin and ether are seeing significant losses. Data source CoinGlass shows that over $100 million in leveraged futures positions have been liquidated in the last 24 hours, with around $60 million in short BTC positions and $42.8 million in short ether positions.\nMeanwhile, BTC may be up as selling pressure from the Grayscale Bitcoin Trust (GBTC)has slowed.Analysts pointto Genesis\' sale of shares as a reason for the uptick in GBTC outflow.\nMacro factors continue to align bullishly. Last week, the Swiss National Bank (SNB) unexpectedly cut the benchmark interest rate, kicking off aglobal easing cycle. The Central Bank of Mexico also cut rates, and the Federal Reserve, the European Central Bank, and the Bank of England laid the groundwork for the so-called liquidity easing in the coming months.\n"Even though a market correction seems long due, the medium term looks pretty upbeat for equities, residential real estate, gold, bitcoin, etc., if this is the case. From this angle, it is unsurprising that #equities and #gold already made fresh all-time highs," founder and manager of the Blokland Smart Multi-Asset Fund,said on X, explaining the onset of the global easing cycle.', '• Asia\'s business week opened with major cryptos well in the green, and the CD20 up 5%\n• This can partially be attributed to a global easing cycle opening up with Swiss National Bank being the first major central bank to cut rates\nThe crypto market began the Asia trading day in the green, as traders cheered BlackRock\'s foray into asset tokenisation and the beginning of the global central bank easing cycle.\nBitcoin {{BTC}}, the world\'s largest digital asset, traded at $67,300, up 4.9% on a 24-hour basis and ether traded 4.7% higher above $3,400. TheCoinDesk 20 (CD20), a measure of the most liquid cryptocurrencies, was up around 5% at press time.\nBradley Park, an analyst at CryptoQuant, attributes the gains to the market digestingBlackRock\'s fund targeting tokenized productson Ethereum called BUIDL.\nShorts that bet against bitcoin and ether are seeing significant losses. Data source CoinGlass shows that over $100 million in leveraged futures positions have been liquidated in the last 24 hours, with around $60 million in short BTC positions and $42.8 million in short ether positions.\nMeanwhile, BTC may be up as selling pressure from the Grayscale Bitcoin Trust (GBTC)has slowed.Analysts pointto Genesis\' sale of shares as a reason for the uptick in GBTC outflow.\nMacro factors continue to align bullishly. Last week, the Swiss National Bank (SNB) unexpectedly cut the benchmark interest rate, kicking off aglobal easing cycle. The Central Bank of Mexico also cut rates, and the Federal Reserve, the European Central Bank, and the Bank of England laid the groundwork for the so-called liquidity easing in the coming months.\n"Even though a market correction seems long due, the medium term looks pretty upbeat for equities, residential real estate, gold, bitcoin, etc., if this is the case. From this angle, it is unsurprising that #equities and #gold already made fresh all-time highs," founder and manager of the Blokland Smart Multi-Asset Fund,said on X, explaining the onset of the global easing cycle.', 'Wall Street giant, BlackRock continues their march forward into the crypto space with a newtokenizedasset fundSECfiling, with $100 million inUSDCseededon-chaintowards the fund. In the same week,Optimismrolled out theirpermissionlessfault proof system on the Sepoliatestnetin a move towards furtherdecentralizationof the Superchain.\nTotal Value Locked(TVL) across all chains dip further as cryptocurrency majors continue on their downtrend, taking down thealtcoinmarket with it. Notable outperformers to the trend includeBitcoinL2,Stacks,Coinbase-backed L2,Base, and Move-based L1s,SuiandAptos.\nSource:https://coinmarketcap.com/chain-ranking/\nWith the AI space heating up as the next big narrative for the crypto space, Crypto Distilled breaks down the AI Agent sector and where it stands today.\nTL;DR:\n• Autonomous agents are the gold standard, being able to detect inputs and act based on their environment. They can self-learn and improve based on inputs and their actions\n• Verification of accuracy and privacy of work done by the AI agent still remains difficult.\n• AI agents could play a significant role in theInternet of Things(IoT) landscape, with agents being able to instruct other bots and machines to streamline current workflows and processes.\nBlackrock files for a tokenized asset fund with the SEC in collaboration with Securitize, seeding $100 million in USDC in the same week on theEthereumblockchain. In true crypto fashion, users have been depositingmemecoinsto the same address and evendustingthe address with ETH tokens fromTornado Cash.\nOther Product Launches and Updates\n• ETH native liquid restaking protocol,EtherFi, releases the second of their trilogy of products, Liquid, an automated vault strategy to optimize yield strategies for assets in theEtherFiecosystem.\n• Vault protocol,Yearn Finance, releases Yearn V3, unveiling new vaults and strategies foryield farmerson Ethereum.YearnV3 vaults bring better automation,composabilityand flexibility to DeFi users.\n• Multi-chaindecentralized exchange(DEX),Paraswap, unveils Augustus v6, the latest update to the protocol for better routing and cheaperswaps. Unfortunately, a bug was uncovered shortly after and the funds were secured in awhite hat hack, with refunds underway to affected users.\n• Cross chainautomated market maker(AMM),Catalyst AMM, opens their final testnet: Tiger. Tiger brings to the protocol multi-chainliquidity pools, instant finality and trust-minimized relaying.\n• On-chain structured products provider,Index Coop, releases ETH2x and BTC2x, intending to provideleveragedexposure to ETH and BTC, powered byAave. These new tokens are designed to replace the existing Flexible Leverage Index (FLI) tokens. Current holders do not need to take any action.\n• F(x) Protocol releases rUSD, astablecoinbacked by liquid restaking tokens. Users can now mint and redeem rUSD while earningliquid stakingyields, FXN token incentives, EtherFi points andEigenLayerpoints.\nOptimism releases itsopen-sourced, permissionless fault proof system on the Sepolia testnet, taking the next step forward to enable fully permissionless withdrawals and deposits onto the chain and chains within Optimism’s Superchain network.\nPortfolio tracker andwalletprovider, Zerion, announces their upcoming L2 chain, Zero, which is expected to launch in late Q2 or early Q3. The chain seeks to offer zerogasfees for users on the chain to help in onboarding new users into crypto.\nBitDAO-backed L2,Mantle, teases the upcoming feat **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: 2024-03-25 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,371,210,867,481 - Hash Rate: 550845688.6799122 - Transaction Count: 317064.0 - Unique Addresses: 623335.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.75 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin(CRYPTO: BTC)was the talk of thecrypto marketagain on Wednesday and has passed the $1 trillion market cap mark once again. Bitcoin is up 5.3% in the last 24 hours as of 3 p.m. ET. Following Bitcoin's move isCoinbase Global(NASDAQ: COIN), which jumped as much as 14.5% in trading today, andMicroStrategy(NASDAQ: MSTR), which jumped 12.8%. The two stocks are currently up 13.7% and 12.2% respectively. The value of Bitcoin is up for several reasons today. First of all, investors are generally more bullish on the economy and earnings, which is pushing up the value of higher-risk assets like growth stocks, and Bitcoin often trades alongside growth stocks. But there's also a lot of money flowing into Bitcoin through exchange-traded funds (ETFs).BlackRock'siShares Bitcoin Trustalone has gone from 2,621 Bitcoins as of Jan. 11, to 105,280 Bitcoins held as of the market close on Tuesday, Feb. 13. That amount of money piling into the industry is sure to push Bitcoin higher. MicroStrategy is an obvious beneficiary after reporting it held 190,000 Bitcoins with an average purchase price of $31,224 as of Feb. 5. This company has long been a leveraged play on the price of Bitcoin and with purchases continuing that's the case more than ever. Coinbase is in a little different position, as it provides services and trading for cryptocurrencies around the world. And it happens to be the custodian for the vast majority of Bitcoin ETFs, including BlackRock's. Another business Coinbase is involved in is prime brokerage, which means it's the trading platform that holds cryptocurrencies for institutional investors. So, if money is flowing into crypto from institutions, it's likely Coinbase is going to make money from both custodial and trading fees. It's important to remember that cryptocurrencies can be very volatile and Bitcoin's position as "digital gold" in the crypto ecosystem isn't guaranteed. Traders have bid up Bitcoin in anticipation of not only ETFs, but also the next halving coming in around two months, which has been a catalyst for prices in the past. I think investors should be looking at where there's utility being built on the blockchain, and this is where I think Coinbase is well positioned. The company has one of the largest trading platforms in the world, is the custodian of choice for large institutions, and is building blockchain solutions like its Base blockchain and crypto wallets. Speculating on crypto can lead to strong days like today and long dark periods like we had in 2022. That's why I think the infrastructure plays like Coinbase are a better place to be. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of February 12, 2024 Travis Hoiumhas positions in Coinbase Global. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool has adisclosure policy. Coinbase and MicroStrategy Are Riding Bitcoin Higher Todaywas originally published by The Motley Fool... - 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,March 25, 2024/PRNewswire/ --OKX Ventures, the investment arm of leading Web3 technology companyOKX, the world\'s leadingcryptocurrencyexchange and Web3 technology company, has issued updates forMarch 25, 2024.\nOKX Ventures Invests in Pre-seed Round forFirstBitcoin-native Data Availability Layer Nubit\nOKX Venturestoday announced its participation in the pre-seed round investment for Nubit, the first scalable data availability layer for theBitcoinecosystem.\nNubitis a scalable and the firstBitcoin-native data availability layer, secured byBitcoin, for theBitcoincommunity. Nubit enables the scaling ofBitcoin\'s data capacities without compromises, empowering applications like Ordinals, Layer 2s, price oracles, and indexers, thereby broadening the scope and efficiency of theBitcoinecosystem. It leverages the innovative consensus algorithm and lightning network to inherit the full censorship-resistant nature ofBitcoin.\nOKX Ventures FounderDora Yuesaid:"We are delighted to invest in Nubit, the first scalable data availability layer for thebitcoinecosystem. Nubit solvesBitcoin\'s biggest pain points such as high transaction costs, while also meeting theBitcoinecosystem\'s needs in terms of minimizing trust, increasing data throughput, and improving data accessibility, paving the way for mass adoption of theBitcoinecosystem. In addition, Nubit\'s test network will be launched soon, which will accelerate its ability to empower moreBitcoinecosystem projects."\nFor further information, please contact:[email protected]\nAbout OKX Ventures\nOKX Ventures is the investment arm of the second-largestcryptoexchange by trading volume and Web3 technology company OKX, with an initial capital commitment ofUSD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.\nThrough its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.\nFind out more about OKX Ventureshere.\nDisclaimer\nView original content to download multimedia:https://www.prnewswire.com/news-releases/flash-news-okx-ventures-invests-in-pre-seed-round-for-first-bitcoin-native-data-availability-layer-nubit-302098764.html\nSOURCE OKX Ventures', 'SINGAPORE,March 25, 2024/PRNewswire/ --OKX Ventures, the investment arm of leading Web3 technology companyOKX, the world\'s leadingcryptocurrencyexchange and Web3 technology company, has issued updates forMarch 25, 2024.\nOKX Ventures Invests in Pre-seed Round forFirstBitcoin-native Data Availability Layer Nubit\nOKX Venturestoday announced its participation in the pre-seed round investment for Nubit, the first scalable data availability layer for theBitcoinecosystem.\nNubitis a scalable and the firstBitcoin-native data availability layer, secured byBitcoin, for theBitcoincommunity. Nubit enables the scaling ofBitcoin\'s data capacities without compromises, empowering applications like Ordinals, Layer 2s, price oracles, and indexers, thereby broadening the scope and efficiency of theBitcoinecosystem. It leverages the innovative consensus algorithm and lightning network to inherit the full censorship-resistant nature ofBitcoin.\nOKX Ventures FounderDora Yuesaid:"We are delighted to invest in Nubit, the first scalable data availability layer for thebitcoinecosystem. Nubit solvesBitcoin\'s biggest pain points such as high transaction costs, while also meeting theBitcoinecosystem\'s needs in terms of minimizing trust, increasing data throughput, and improving data accessibility, paving the way for mass adoption of theBitcoinecosystem. In addition, Nubit\'s test network will be launched soon, which will accelerate its ability to empower moreBitcoinecosystem projects."\nFor further information, please contact:[email protected]\nAbout OKX Ventures\nOKX Ventures is the investment arm of the second-largestcryptoexchange by trading volume and Web3 technology company OKX, with an initial capital commitment ofUSD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.\nThrough its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.\nFind out more about OKX Ventureshere.\nDisclaimer\nView original content to download multimedia:https://www.prnewswire.com/news-releases/flash-news-okx-ventures-invests-in-pre-seed-round-for-first-bitcoin-native-data-availability-layer-nubit-302098764.html\nSOURCE OKX Ventures', "Have you been ignoring bitcoin for the past decade or more?\nAre you tired of seeing 'Bitcoin Halving' trend on social ad nauseam?\nAre you a new bitcoin holder facing your first halving?\nIf you answered yes to any...or all...of the above, it's probably time to take a step back and take a moment to fully understand what's probably the biggest event on the crypto calendar. While past performance is no guarantee of future results, the price of bitcoinspiked after each of the last three halvings.\nPique your interest yet? Catch our full breakdown on how the process works and what to expect this April in the video above.\nRelated: Watch for these signs to see if the big market boom has momentum\nJ.D. DURKIN: Imagine putting in the same amount of work time and time again, knowing that no matter what you do, you're going to produce less and less over time. That's the conundrum faced by bitcoin miners everywhere, almost like clockwork, every four years.\nI'm talking of course about bitcoin halving, which many people consider to be the most important event in the calendar for crypto.\nBut first, a few quick basics:\nThere are 21 million bitcoin — and there will only ever be 21 million bitcoin. And while the supply is fixed, more than 90% of all bitcoin have already been mined.\nSimply put, bitcoin mining can be summed up to using specially designed computers to solve complex math equations and create blocks of date, which basically record stores of transactions that can not be changed and can not be deleted.\nAll of crypto — bitcoin included —is decentralized, so transactions are verified using a technique called proof-of-work. It's kind of like doing a really hard math problem and having all your classmates double check your work — and if you're right, your work, or those transactions are added to bitcoin's blockchain. It means that miners compete against one another, and after successful verification, miners are rewarded with brand new bitcoin.\nWhile mining may sound like a mathematical gold mine of unlimited potential, mysterious bitcoin founder Satoshi Nakamoto developed a strict system of limiting the number of bitcoin that can be mined.\nAnd that brings us to 'bitcoin halving.' Baked into bitcoin's original source code is a provision that says the reward for mining gets cut in half over time, in order to ensure that the currency is deflationary. In other words — the idea is that bitcoin will gain, not lose, value over time.\nIt's kind of like a 2-for-1 stock split, except the value – or reward of mining — is actually reduced to keep the price of bitcoin high.\nSo, how do you know when a halving is going to happen? It's built right into bitcoin's source code. After the overall bitcoin network has mined 210,000 blocks, the block reward is cut in half like clockwork.\nTo date we've had three bitcoin halvings: 2012, 2016 and 2020.\nAnd since it takes about four years to mine 210,000 blocks, that brings us to 2024.\nWhat was once a reward of 50 bitcoin was eventually halved to 25...then from 25 to 12.5...and four years ago, from 12.5 to 6.25 BTC.\nThis time around, the reward for mining one block will go — you guessed it — from 6.25 to 3.125 BTC.\nThe process will continue every four years until sometime around 2140, incrementally reducing the reward for bitcoin miners in half each time.\nThere's also notable price action for BTC correlated with each halving: The price of bitcoin increases with increased demand and while past performance is no guarantee of future results, BTC has spiked in the years following each of the three prior halvings.\nAfter the halving event in 2020, bitcoin's price skyrocketed from $9,700 to more than $67,000 within the following year.\nWhat's great for bitcoin's price may prove to be the greatest challenge for bitcoin's miners going forward, and make it more likely that miners will simply look to other tokens for their mining.\nThen again...lots of cryptocurrencies have fixed supply, meaning lots of other halving dates as well. Cutting the reward for mining bitcoin — or any other cryptocurrency — means the same amount of work for increasingly diminishing returns. So come 2140, will we still even be talking about bitcoin mining?", "Have you been ignoring bitcoin for the past decade or more?\nAre you tired of seeing 'Bitcoin Halving' trend on social ad nauseam?\nAre you a new bitcoin holder facing your first halving?\nIf you answered yes to any...or all...of the above, it's probably time to take a step back and take a moment to fully understand what's probably the biggest event on the crypto calendar. While past performance is no guarantee of future results, the price of bitcoinspiked after each of the last three halvings.\nPique your interest yet? Catch our full breakdown on how the process works and what to expect this April in the video above.\nRelated: Watch for these signs to see if the big market boom has momentum\nJ.D. DURKIN: Imagine putting in the same amount of work **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: 2024-03-26 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,375,728,005,138 - Hash Rate: 559191835.4780927 - Transaction Count: 317742.0 - Unique Addresses: 648004.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.81 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin broke its all-time-high record — passing through itsprevious recordof $69,044.77, which it hit on Nov. 10, 2021, and is continuing its accent. Learn More:13 Cheap Cryptocurrencies With the Highest Potential Upside for YouFor You:5 Genius Things All Wealthy People Do With Their Money So, “how high from here,” Grant Cardone, private equity fund manager, real estate investor, author of “The 10X Rule” and creator of the 10X Profit Planner, posted on X (formerly Twitter) on March 5. He accompanied his post with an image reading: “Bitcoin rockets to an all-time high above $69,000, surpassing 2021 record.” As of March 11, Bitcoin was at $72,076, up a whopping 252% in the past year and 52% in the past month. And to put this in context, it’s up an eye-popping 1,711.76% in the past five years, according to Google Finance data. So it’s no wonder Cardone is not alone in wondering how high the asset will go from here and whether this massive rally will stick. For instance, Bernstein analysts said on March 11, that they were now more convinced about bitcoin hitting $150,000 by mid-2025, Coindesk reported. Anthony Scaramucci, founder and CEO of SkyBridge Capital, said he predicts $170,000 by April 2025. “People think we’re nuts and that’s fine, but I don’t think we’re nuts and that’s why we have such a big position,” Scaramucci, Yahoo Finance Live. And even some of the one-time skeptics are turning around. “The Bitcoin bulls have been proved mostly right about its prospects as a long-term investment,” Rockefeller International Chair Ruchir Sharma wrote in the Financial Times. “Once dismissed as fanatics, the Bitcoin bulls must be feeling vindicated.” Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, who previously took a cautious approach toward Bitcoin, is also enthusiastic about the assets’ near-future prospects, predicting it will hit $300,000 in 2024. “BITCOIN on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500. Next stop $300,000 per BC in 2024,” Kiyosaki tweeted on March 6. More From GOBankingRates • 7 Home Items To Avoid Buying in 2024 • How To Retire on $2,000 a Month: A Frugal Living Guide • One Simple Way to Earn More on Your Savings in 2024 • The Biggest Mistake People Make With Their Tax Refund -- And How to Avoid It This article originally appeared onGOBankingRates.com:Grant Cardone Asks How High Bitcoin Can Go After Reaching an All-Time High... - Reddit Posts (Sample): [['u/KamalNehme', 'Dollar rate suddenly stabilized at 89,000lbp lol... What happened?', 63, '2024-03-26 00:03', 'https://www.reddit.com/r/lebanon/comments/1bns1hn/dollar_rate_suddenly_stabilized_at_89000lbp_lol/', "The dollar rate used to go up and down more than bitcoin's price, the rate would drastically change from morning till after noon, and now suddenly the rate is stable at 89,000 for the past 5 6 months and nobody is questioning anything, just going along with it... \n\n\nJust curious from economical point of view, what suddenly happened lol, did the people in charge of the apps just got bored? \n\n\nNeed the finance peoples input here, i just find it super weird and super funny and super sad....all at the same time 😂", 'https://www.reddit.com/r/lebanon/comments/1bns1hn/dollar_rate_suddenly_stabilized_at_89000lbp_lol/', '1bns1hn', [['u/throwaway90019_hs', 25, '2024-03-26 00:14', 'https://www.reddit.com/r/lebanon/comments/1bns1hn/dollar_rate_suddenly_stabilized_at_89000lbp_lol/kwk9j4s/', 'Didnt the goverment accept 89k as the "new peg"', '1bns1hn'], ['u/NoidZ', 15, '2024-03-26 00:27', 'https://www.reddit.com/r/lebanon/comments/1bns1hn/dollar_rate_suddenly_stabilized_at_89000lbp_lol/kwkbszg/', 'Official new PEG', '1bns1hn'], ['u/EducationalTicket103', 52, '2024-03-26 00:28', 'https://www.reddit.com/r/lebanon/comments/1bns1hn/dollar_rate_suddenly_stabilized_at_89000lbp_lol/kwkbyoe/', "You're absolutely right. And everyone seems to think this is normal...", '1bns1hn'], ['u/ProgsRS', 39, '2024-03-26 00:42', 'https://www.reddit.com/r/lebanon/comments/1bns1hn/dollar_rate_suddenly_stabilized_at_89000lbp_lol/kwke2aa/', 'Who remembers PEZ, great candy', '1bns1hn'], ['u/ProgsRS', 21, '2024-03-26 00:49', 'https://www.reddit.com/r/lebanon/comments/1bns1hn/dollar_rate_suddenly_stabilized_at_89000lbp_lol/kwkf9sf/', "Since this is Lebanon and not a single criminal has been held accountable and they're still in charge, probably some corruption scheme where the elite are enriching themselves further. Lebanese Pounds are worth no more than Monopoly paper and they're toying with and milking what's left of the collapsed economy.\n\nProbably using worthless LBP to buy and stash more USD. While the peg was much lower than that, they were buying USD at the official rates from their cronies and selling in the black market for around 10x more.", '1bns1hn'], ['u/kaskoosek', 14, '2024-03-26 01:16', 'https://www.reddit.com/r/lebanon/comments/1bns1hn/dollar_rate_suddenly_stabilized_at_89000lbp_lol/kwkjih9/', 'Usually, maintaining a peg costs usd and not the other way around.\n\nIn order to maintain a peg, the government would need to either balance the budget or or do outright purchases of lbp using foreign reserves.\n\nThe budget has been more or less balanced because a lot of the government revenue has been recalibrated to 89000 while expenses of salaries has not been readjusted.', '1bns1hn'], ['u/Strong-Age9985', 20, '2024-03-26 01:43', 'https://www.reddit.com/r/lebanon/comments/1bns1hn/dollar_rate_suddenly_stabilized_at_89000lbp_lol/kwknvu5/', 'Did you know that Wassim Mansouri came in place of Riad Saleme temporarily?\nI don’t know who the guy is, or what sect he is, but i can tell you this:\nWhen he was asked to govern the central bank, he had one main request, not negotiable, that he would not lend money to the government.\nThey didn’t accept at first but didn’t find a better replacement so they caved in. Prepare for a disaster when a new governor is elected.\n\nI have a friend who works in the Central Bank he told me all about it.', '1bns1hn'], ['u/Azrayeel', 11, '2024-03-26 05:54', 'https://www.reddit.com/r/lebanon/comments/1bns1hn/dollar_rate_suddenly_stabilized_at_89000lbp_lol/kwlmtsj/', "It started off with Riad 💩 reducing the total amount of LBP notes in the market greatly by opening the limit on the worst ever transaction known to men. Bring as man LBP you want to the bank. We return them to you as USD and take commission. Forgot the circular number of the transaction. Was it 161?\n\nAnyways, after it served its purpose, and mostly all exchangers + bankers made a shit tons of profit out of it, they finally stopped it.\n\nSo now, you have a market that doesn't have a huge number of LBP notes in it, and many of the public sector are/were having their wages given in USD.", '1bns1hn']]], ['u/_Eddro', 'Bitcoin Profit Taking', 14, '2024-03-26 01:07', 'https://www.reddit.com/r/BitcoinBeginners/comments/1bntl77/bitcoin_profit_taking/', 'Do you have a system for long-term Bitcoin profit-taking?', 'https://www.reddit.com/r/BitcoinBeginners/comments/1bntl77/bitcoin_profit_taking/', '1bntl77', [['u/bitusher', 18, '2024-03-26 01:15', 'https://www.reddit.com/r/BitcoinBeginners/comments/1bntl77/bitcoin_profit_taking/kwkjg1c/', 'No plans to take profits(just accumulating before this date) before the year 2029 for this reason \n\nhttps://old.reddit.com/r/BitcoinBeginners/comments/1b2lzd8/the_ultimate_question_about_bitcoin_and_its_value/ksmctd3/\n\nIf you are in the USA, its wise to wait at least 1 year for long term cap gains. Additionally, If you "take profits" its much wiser to spend the BTC directly or sell to someone wanting to invest in Bitcoin instead of sell for fiat on an exchange. Another "rule" is never "go full fiat"', '1bntl77'], ['u/AlternativeGazelle', 14, '2024-03-26 02:28', 'https://www.reddit.com/r/BitcoinBeginners/comments/1bntl77/bitcoin_profit_taking/kwkv4bc/', "I'll start to diversify some when I have enough to retire. \n\nListen to Saylor talk. Rich people don't look for opportunities to convert strong assets to cash. It's a bad idea to try to time the market. Just keep putting money into BTC and ride the roller coaster. The volatility works in your favor as long as the long term trend is up.\n\nOne area where I differ from Saylor and Bitcoin maxis is on the subject of diversification. Rich people do diversify. I'll plan to do that when I have enough to retire, but always hold a healthy amount of BTC.", '1bntl77']]], ['u/Every_Hunt_160', 'Will the SEC delay Ethereum’s push to $4k ?', 13, '2024-03-26 01:48', 'https://www.reddit.com/r/ethtrader/comments/1bnujrd/will_the_sec_delay_ethereums_push_to_4k/', 'Ethereum stands at a crucial juncture, with its eyes set on the $4,000 price mark. \n\nAmid this ambitious pursuit, the digital asset faces a significant challenge that could influence its trajectory: scrutiny from the US Securities and Exchange Commission (SEC).\n\nNews source: https://www.newsbtc.com/news/ethereum/ethereum-rocky-road-to-4000-will-sec-hurdles-derail-its-bullish-journey/amp/', 'https://www.reddit.com/r/ethtrader/comments/1bnujrd/will_the_sec_delay_ethereums_push_to_4k/', '1bnujrd', [['u/Friendly-Airline2426', 18, '2024-03-26 01:54', 'https://www.reddit.com/r/ethtrader/comments/1bnujrd/will_the_sec_delay_ethereums_push_to_4k/kwkpo8x/', "I think the days when the SEC had a huge impact on Eth's price are long gone.\n\nWe simply do not care anymore, we're way too bullish.", '1bnujrd'], ['u/Prestigious_Lemon482', 15, '2024-03-26 01:57', 'https://www.reddit.com/r/ethtrader/comments/1bnujrd/will_the_sec_delay_ethereums_push_to_4k/kwkq8l1/', "No is the simple answer.\n\nThe crypto market isn't in a bull run because people want ETH ETFs. Yes that helps but it's the reason. \n\nBitcoin halving is and this cyclic pattern. Bitcoin ETF. ETH upgrade. All of this will push ETH well past $5k", '1bnujrd']]], ['u/AreaFifty1', 'What were you doing in 2010 when Bitcoin was virtually unknown?', 17, '2024-03-26 02:06', 'https://www.reddit.com/r/Bitcoin/comments/1bnuxlt/what_were_you_doing_in_2010_when_bitcoin_was/', 'I was playing games all day and never heard of it until 2018 🤦\u200d♂️🤦\u200d♂️', 'https://www.reddit.com/r/Bitcoin/comments/1bnuxlt/what_were_you_doing_in_2010_when_bitcoin_was/', '1bnuxlt', [['u/hateschoolfml', 12, '2024-03-26 02:58', 'https://www.reddit.com/r/Bitcoin/comments/1bnuxlt/what_were_you_doing_in_2010_when_bitcoin_was/kwkzvyz/', 'Probably freeze tag in grade 4', '1bnuxlt'], ['u/Illustrous_potentate', 13, '2024-03-26 04:17', 'https://www.reddit.com/r/Bitcoin/comments/1bnuxlt/what_were_you_doing_in_2010_when_bitcoin_was/kwlbgpn/', 'Buying silver. Barf.', '1bnuxlt']]], ['u/9nij', 'bitcoin consultant', 27, '2024-03-26 02:40', 'https://www.reddit.com/r/Lawyertalk/comments/1bnvp2y/bitcoin_consultant/', 'I\'ve had it. I dont understand this stuff. I can only read so many blogs about the "decentralized network" and "miners solve complex math problems". I pride myself on being able to help clients but I just cannot with this bitcoin shit. i dont get it. Does anyone know someone who can explain this stuff to me? Does that exist? I will pay my own hourly rate for some god damned white glove help', 'https://www.reddit.com/r/Lawyertalk/comments/1bnvp2y/bitcoin_consultant/', '1bnvp2y', [['u/annual_confiscation', 20, '2024-03-26 03:14', 'https://www.reddit.com/r/Lawyertalk/comments/1bnvp2y/bitcoin_consultant/kwl29io/', "Ha! I know a guy. He is expensive but worth it. don't want to get removed for linking but its strategicblockchainservices dot com. He takes appts but can be hard to get", '1bnvp2y'], ['u/LucidLeviathan', 19, '2024-03-26 03:50', 'https://www.reddit.com/r/Lawyertalk/comments/1bnvp2y/bitcoin_consultant/kwl7mdb/', 'Ultimately, for our purposes, all you need to know are the following:\n\n* Computers solve math problems and upload their solutions to the cloud.\n* The servers translate those solutions into bitcoins.\n* People believe that bitcoins have value and are willing to pay real currency for them.\n* Bitcoin is handled in a manner not unlike numbered Swiss bank accounts. If you have the private and public information for a "wallet" that contains bitcoin, you have access to the contents of that wallet.\n\nUnless you have something specific or technical that you want to know, that should cover the basics.', '1bnvp2y'], ['u/MTB_SF', 44, '2024-03-26 04:06', 'https://www.reddit.com/r... 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 slipped again on Monday, extedning losses to a third straight session.\n• On Tuesday, February's US durable goods orders rose for the first time in three months.\n• Investors are waiting for new PCE data to come out Friday, alongside comments from Jerome Powell.\nUS stocks dropped again on Tuesday, losing steam late in the day after traders looked to restart a rally that stalled out last Friday.\nMomentum has carried equities higher for the better part of five months now, though investors appear to be taking a breather the last three days following the market's record-setting run last week after the Federal Reserve's dovish March meeting.\nTuesday offered investors promising data, with February's US durable goods orders rising for the first time in three months. While that signals optimism among firms, consumer confidence also held steady, according to the Conference Board.\nThis week, investors are gearing for the latest personal consumption expenditures report on Friday. Median forecasts of core PCE, the Federal Reserve's preferred inflation gauge, expect a 2.8% rise.\nWhile markets will be closed that day for Easter holidays, Friday will also feature comments from Fed Chairman Jerome Powell, potentially offering clues as to future monetary policy.\nThat's after previous Fedspeak on Monday, with President Raphael Bostic noting expectations of one rate cut this year.\nAside from Powell, Fed Gov. Christopher Waller and San Francisco Fed President Mary Daly will speak Wednesday and Friday.\nAmong notable stock movers on Tuesday, Donald Trump's Truth Social made its market debut,soaring 59%under the DJT ticker.\nHere's where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500: 5,203.58, down 0.28%\n• Dow Jones Industrial Average: 39,282.33, 0.08% (-31.31 points)\n• Nasdaq Composite: 16,315.70, 0.42%\nHere's what else is going on today:\n• The Baltimore bridge collapse rippled throughtransportation and coal-mining shares worldwide.\n• Microsoft could jump 18% this yearwith a new $500 price target from Wedbush Securities.\n• Greed and complacency,not fundamentals, are driving stocks up, David Rosenberg says.\n• Analysts have stopped talking about bitcoin's potential use. Instead, it'sall about the price upside.\nIn commodities, bonds, and crypto:\n• Oil prices dropped.West Texas Intermediatecrude slid 0.6% to $81.47 a barrel.Brent crude, the international benchmark, fell 0.8% to $86.02 a barrel.\n• Goldclimbed by 0.2% to $2,176.61 per ounce.\n• The 10-year Treasury fell two basis points to 4.23%.\n• Bitcoinslumped 0.29% to $69,848.\nRead the original article onBusiness Insider", 'Panasonic, the renowned tech giant, has joined forces withJasmy (JASMY)blockchain to introduce a groundbreaking Web3 platform that will facilitate the seamless connection of personal data on the Internet-of-Things (IoT). The collaboration between the Japanese-based blockchain and Panasonic Advanced Technology was initiated in February, but the officialannouncementwas made on March 26.\nThe newly developed platform, based on Jasmy\'s innovative Personal Data Locker product, aims to provide a secure data storage solution while granting users full control over access to their data. Additionally, it aims to enhance data processing and reaction times. The platform will adopt agile development methods coupled with Web3 technology, with a strong emphasis on speed. The intention is to create an open platform that can be widely utilized in various fields. Through this approach, the project envisions recruiting a large user base and fostering broad adoption.\nJasmy\'s Chief Financial Officer, Hiroshi Harada (known as Hara on social media),revealedon X that the decentralized personal data platform is expected to be constructed within the next 3 to 6 months. According to the information available on the Jasmy website, the Personal Data Locker manages only hash values on the blockchain, while the actual data files are stored in a decentralized network. This architecture ensures that the performance of the system is not hindered by limitations such as storage capacity of individual blocks or large file sizes.\nFounded in 2016 by former Sony executives, Jasmy made headlines in 2021 when it listed its native cryptocurrency, JasmyCoin (JASMY), on exchanges. The company has been dubbed "Japan\'s Bitcoin" and operates a unique system where merchants pay Jasmy to access data stored within the platform, while data owners are rewarded with JASMY tokens.\nThe news of the partnership between Panasonic and Jasmy has led to a 3% gain in JASMY over the past 24 hours. Trading volume surged by over 100% to $256 million. The token is up 42.8% in the past month.', '• Crypto exchange KuCoin and two of its founders were charged with violating anti-money laundering laws by U.S. federal prosecutors.\n• Homeland Security Investigations Special Agent Darren McCormack called KuCoin "an alleged multibillion-dollar criminal conspiracy."\n• KuCoin’s native token {{KCS}} dropped by 5% after the announcement.\nU.S. federal prosecutors charged crypto exchange KuCoin and two of its founders with violating anti-money laundering laws on Tuesday, saying the exchange operated in the U.S., lied to at least one of its investors about operating in the U.S. and failed to both register with U.S. government entities and maintain an anti-money laundering program.\nThe U.S. Department of Justicesaidin an indictment that KuCoin and founders Chun Gan and Ke Tang operated KuCoin as a money-transmitting business with over 30 million customers but did not implement a know-your-customer (KYC) or AML program until 2023 – and even then, its KYC program did not apply to existing customers. Neither Gan nor Tang were arrested, the DOJ said in a press release.\nThe DOJ indictment said that KuCoin did not register with the U.S. Financial Crimes Enforcement Network as a money services business.\nBecause it did not implement any KYC or AML programs, KuCoin "made itself available to be used, and in fact was used, as a vehicle for laundering the proceeds of suspicious and criminal activities, including proceeds from sanctions violations, darknet markets, and malware, ransomware, and fraud schemes," the indictment said.\nThe indictment pointed to allegations that KuCoin "indirectly received a total of more than $3.2 million worth of cryptocurrency from Tornado Cash," a sanctioned crypto mixer. KuCoin was mentioned in criminal filings against two of Tornado Cash\'s developers, Alexey Pertsev (whose trial in The Netherlands began earlier Tuesday) and Roman Storm (who\'s set to go on trial in the U.S. later this year).\nThe Commodity Futures Trading Commission alsofileda suit against KuCoin Tuesday, alleging the company, which offers both spot and futures trading services, did not register as a futures commission merchant, swap execution facility or designated contract market. Its suit also charged that KuCoin didn\'t implement the CFTC\'s equivalent of a KYC program.\nThe CFTC is seeking monetary penalties, trading and registration bans and an injunction, while the DOJ is seeking forfeiture alongside criminal penalties.\nIn a statement, Homeland Security Investigations Special Agent in Charge Darren McCormack called KuCoin "an alleged multibillion-dollar criminal conspiracy," noting it was one of the largest crypto exchanges.\nU.S. Attorney Damien Williams said in a statement that KuCoin actively tried to hide that "substantial numbers of U.S. users were trading" on its platform.\n"Indeed, KuCoin allegedly took advantage of its sizeable U.S. customer base to become one of the world’s largest cryptocurrency derivatives and spot exchanges, with billions of dollars of daily trades and trillions of dollars of annual trade volume," he said." As alleged, in failing to implement even basic anti-money laundering policies, the defendants allowed KuCoin to operate in the shadows of the financial markets and be used as a haven for illicit money laundering, with KuCoin receiving over $5 billion and sending over $4 billion of suspicious and criminal funds."\nKuCoin’s native token (KCS) dropped by 5% following the announcement. Bitcoin\'s {{BTC}} price dropped 1% but has been volatile throughout the day and is trading around $70,000.\nTuesday\'s actions come just months after the DOJ, CFTC and Treasury Departmentsettled similar charges against Binance, the world\'s largest crypto exchange by trading volume.\nUPDATE (March 26, 2024, 15:25 UTC):Adds additional detail.\nUPDATE (March 26, 15:40 UTC):Adds more details from the CFTC and DOJ filings.', "• Asset manager VSFG and Value Partners have together applied for a spot bitcoin ETF in Hong Kong.\n• SFC is likely to allow in-kind creations and redemptions for spot bitcoin ETFs, Bloomberg reported earlier this week.\nAsset manager VSFG, together with its partner, Value Partners, have applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong’s Securities and Futures Commission (SFC), VSFG's Head of Investment and Products Brian Chan told CoinDesk on Wednesday.\nEarlier this week, areport from Bloomberg Intelligencesaid the SFC is likely to allow in-kind creations and redemptions for spot bitcoin ETFs in the second quarter of this year.\nIn December 2023, less than two weeks after nearly a dozen applicants won approval for spot bitcoin ETFs in the U.S., Hong Kong regulators saidthey were ready to consider applications for spot crypto ETFs.\nIn January,Harvest Global Investments, a major asset-management company in China, purportedly became the first to apply for a spot bitcoin exchange-traded fund (ETF) with the SFC. As many as 10 financial institutions have planned to apply to launch bitcoin ETFs in Hong Kong, local reports havepreviously said.\nHong Kong firm Venture Smart Financial Holdings has also said it will file a spot bitcoin ETF application, according toBloomberg.\nHong Kong’s regulators have been attempting to loosen their grip on 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: 2024-03-27 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,361,484,297,881 - Hash Rate: 567537982.2762733 - Transaction Count: 355902.0 - Unique Addresses: 637151.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.83 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- A year ago the crypto market was on its knees and the notion that Bitcoin might retest a record high of nearly $69,000 was almost risible. Fast forward 12 months and some studies now point to just that possibility. Most Read from Bloomberg • Nvidia Rises Most in About Nine Months as AI Drives Sales • T-Bills Without Tax Bills? This Fund Says It Cracked the Code • Stocks Rally as AI Craze Sweeps Across the World: Markets Wrap • AT&T Outage Triggered by Company Work on Network Expansion • US Lands on Moon in Historic Feat for Private Spacecraft Technical analysis comparing the largest digital asset’s rally to $52,000 with past surges spits out projections of more gains in coming weeks. Some of those studies follow below — with the caveat that the past isn’t always a reliable guide to the future, especially for a young and febrile asset like Bitcoin. Weekly Advance Bitcoin’s price has tripled since the start of 2023 amid optimism over dedicated US exchange-traded funds as well as a looming reduction in the token’s supply growth known as the halving. The rally includes four straight weeks of increases through Feb. 18. In the past five years, the original cryptocurrency climbed an average 49% over the three months after four-week winning runs, according to data compiled by Bloomberg. That would take Bitcoin to about $78,000. “The market set-up for Bitcoin remains very strong,” said Richard Galvin, founder of crypto-focused investment firm DACM. Bumpy Road Elliott Wave studies posit that markets are prone to repeating wave patterns. Applying the technique to Bitcoin suggests a retreat toward the $40,000 level before an advance to about $70,000. That compares with Bitcoin’s all-time peak of $68,992 in November 2021, when the world was awash with stimulus. Derivatives Market Speculators use options contracts for a variety of trading approaches. Data from Deribit, the largest crypto options exchange, show that Bitcoin call spreads are among the most popular strategies currently. This suggests investors see potential for more Bitcoin gains, but not necessarily substantial increases. A bull call spread involves buying a call option, funded in part by simultaneously selling a contract of the same maturity at a higher strike price. The options market as whole “is currently pricing the probability of making a new all-time high before halving at around 20% to 25%, an estimate that looks approximately fair to us,” said Caroline Mauron, co-founder of digital-asset derivatives liquidity provider Orbit Markets. Bitcoin was little changed at $51,956 as of 6:30 a.m. Tuesday in Singapore , close to the highest level in more than two years. Among smaller coins, the Worldcoin token from a project co-founded by OpenAI’s Sam Altman was a standout, surging some 32% in the past 24 hours, CoinGecko figures show. Most Read from Bloomberg Businessweek • A24’s Risky Hollywood Moment • Plug-In Hybrids Are Booming in the World’s Biggest EV Market • How Capital One’s $35 Billion Discover Merger Could Affect Consumers • Why Elon Musk Bought Twitter in the First Place • US Citizens Become Collateral Damage in Global Sanctions Fight ©2024 Bloomberg L.P.... - 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 snapped a three-day losing streak, with major indexes rising Wednesday.\n• The S&P 500 is poised to close out its best first quarter since 2019.\n• Investors are waiting on more Fedspeak and economic data later this week.\nUS stocks jumped on Wednesday, bouncing back from a three-day losing streak with traders hoping to close the market\'s best first quarter in five years.\nMajor averages ticked higher, with the Dow Jones Industrial Average soaring more than 475 points.\nThe benchmark S&P 500, with a gain of more than 9.5% so far this year, is on track for the best first three months of the year since 2019.\nInvestors are waiting on remarks from Fed Governor Christopher Waller after the closing bell, as well as a slew of economic data points coming out later this week. February\'s personal consumption expenditures reading, the Fed\'s favorite gauge of inflation, will be released Friday morning and will serve as a key input for central bankers when deciding the pace of rate cuts this year.\n"The Fed\'s Chris Waller may offer a rebuke of Jay Powell\'s dovishness today. While not dismissing the prospect of a June cut, Waller may point to sturdy US aggregate demand and \'sticky\' inflation in the January and February data to justify fewer rate cuts," Thierry Wizman, a strategist at Macquarie said in a note on Wednesday.\nMarkets are largely expecting the Fed to cut rates three times by December, in line with what central bankers have forecast for the year. Investors are pricing in a 73% chance the Fed could cut rates 75 basis points or more, according to theCME FedWatch tool.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday:\n• S&P 500: 5,248.50, up 0.86%\n• Dow Jones Industrial Average: 39,760.08, up 1.22% (+477.75 points)\n• Nasdaq Composite: 16,399.52, up 0.51%\nHere\'s what else is going on today:\n• Tesla stock will fall another 33%as it\'s too expensive and lacks upside catalysts, Bernstein analysts said.\n• Robinhood stock surgedafter the company launched a solid gold credit card with 3% cash back.\n• China\'s industrial push could destabilize the global economy, Treasury Secretary Janet Yellen warned.\n• Bitcoin\'s halving could force miners to risk operating in cheaper locationswith less reliable power grids.\nIn commodities, bonds, and crypto:\n• Oil prices were little changed.West Texas Intermediatecrude inched up to $81.66 a barrel.Brent crude, the international benchmark, traded slightly higher at $86.32 a barrel.\n• Goldclimbed 0.6% to $2,212.50 per ounce.\n• The 10-year Treasury ticked lower four basis points to 4.19%.\n• Bitcoinslipped 1.38% to $68,737.\nRead the original article onBusiness Insider', "In aninterviewwith Fox Business on March 27, Larry Fink, the CEO of BlackRock, stated that the iShares Bitcoin Trust (IBIT) has become the fastest-growing ETF in history, surpassing all others in terms of asset growth. Fink acknowledged that the performance of IBIT has even exceeded his expectations, particularly during the first 11 weeks of trading.Accordingto data from Farside Investors, IBIT attracted a remarkable $13.5 billion in flows during this period.\nThe BlackRock CEO emphasized that the introduction of IBIT has contributed to the creation of a market with increased liquidity and transparency. He expressed his pleasant surprise at the significant retail demand that IBIT has generated, stating that he could not have predicted such a strong response when the ETF was filed.\nWhen asked if IBIT's performance exceeded expectations, Fink responded positively, indicating that he did not anticipate such remarkable results. He further reinforced his bullish stance on the long-term viability of Bitcoin, expressing confidence in its future prospects.\nIBIT currently holds $17.1 billion worth of Bitcoin. It achieved the $10 billion milestone in just two months, a feat that took the first gold ETF two years to accomplish. Among the approved ETFs, IBIT ranks second in terms of Bitcoin holdings, trailing only the Grayscale Bitcoin Trust, which holds $23.6 billion in BTC. However, Grayscale's Bitcoin holdings have been decreasing since its conversion to a spot Bitcoin ETF.", "In aninterviewwith Fox Business on March 27, Larry Fink, the CEO of BlackRock, stated that the iShares Bitcoin Trust (IBIT) has become the fastest-growing ETF in history, surpassing all others in terms of asset growth. Fink acknowledged that the performance of IBIT has even exceeded his expectations, particularly during the first 11 weeks of trading.Accordingto data from Farside Investors, IBIT attracted a remarkable $13.5 billion in flows during this period.\nThe BlackRock CEO emphasized that the introduction of IBIT has contributed to the creation of a market with increased liquidity and transparency. He expressed his pleasant surprise at the significant retail demand that IBIT has generated, stating that he could not have predicted such a strong response when the ETF was filed.\nWhen asked if IBIT's performance exceeded expectations, Fink responded positively, indicating that he did not anticipate such remarkable results. He further reinforced his bullish stance on the long-term viability of Bitcoin, expressing confidence in its future prospects.\nIBIT currently holds $17.1 billion worth of Bitcoin. It achieved the $10 billion milestone in just two months, a feat that took the first gold ETF two years to accomplish. Among the approved ETFs, IBIT ranks second in terms of Bitcoin holdings, trailing only the Grayscale Bitcoin Trust, which holds $23.6 billion in BTC. However, Grayscale's Bitcoin holdings have been decreasing since its conversion to a spot Bitcoin ETF.", "Cryptocurrency exchange KuCoin’s CEO Johnny Lyu hasrevealedplans for a major airdrop involving Bitcoin (BTC) and its native token KuCoin (KCS), amounting to a total value of $10 million. This news follows the recent charges brought by the United States Justice Department against the exchange and two of its founders.\nAlthough Lyu did not directly reference the federal charges in his letter, he hinted at the situation by expressing gratitude to KuCoin users for their support and trust during the past few days. He compared the airdrop to the exchange's previous reimbursement of investors who suffered losses in the Confido rug pull incident.\nThe delays in withdrawal experienced by some users on March 26 and 27 could be attributed to the high volume of transactions as almost $800 million of funds were withdrawn from the exchange. The airdrop serves as a gesture of appreciation to users who remained loyal to KuCoin during this challenging period. Specific rules for the airdrop event will be released in three days, according to the blog post.\nThe Justice Department unveiled charges related to violations of the Bank Secrecy Act, accusing the exchange's founders of operating an unlicensed money-transmitting business and lacking an Anti-Money Laundering program. Simultaneously, the Commodity Futures Trading Commission (CFTC) initiated a civil case against KuCoin for violations of the Commodity Exchange Act and CFTC regulations.", "Cryptocurrency exchange KuCoin’s CEO Johnny Lyu hasrevealedplans for a major airdrop involving Bitcoin (BTC) and its native token KuCoin (KCS), amounting to a total value of $10 million. This news follows the recent charges brought by the United States Justice Department against the exchange and two of its founders.\nAlthough Lyu did not directly reference the federal charges in his letter, he hinted at the situation by expressing gratitude to KuCoin users for their support and trust during the past few days. He compared the airdrop to the exchange's previous reimbursement of investors who suffered losses in the Confido rug pull incident.\nThe delays in withdrawal experienced by some users on March 26 and 27 could be attributed to the high volume of transactions as almost $800 million of funds were withdrawn from the exchange. The airdrop serves as a gesture of appreciation to users who remained loyal to KuCoin during this challenging period. Specific rules for the airdrop event will be released in three days, according to the blog post.\nThe Justice Department unveiled charges related to violations of the Bank Secrecy Act, accusing the exchange's founders of operating an unlicensed money-transmitting business and lacking an Anti-Money Laundering program. Simultaneously, the Commodity Futures Trading Commission (CFTC) initiated a civil case against KuCoin for violations of the Commodity Exchange Act and CFTC regulations.", 'VSFG, an asset management company, and its partner, Value Partners, havesubmittedan application for a spot bitcoin exchange-traded fund (ETF) to the Securities and Futures Commission (SFC) in Hong Kong. In December 2023, Hong Kong regulators expressed their readiness to consider applications for spot crypto ETFs, shortly after almost a dozen applicants received approval for spot bitcoin ETFs in the United States.\nIn addition to VSFG and Value Partners, Venture Smart Financial Holdings, a Hong Kong-based firm, has also stated its intention to file an application for a spot bitcoin ETF,accordingto Bloomberg.\nHarvest Global Investments, a prominent asset management company in China, was reportedly the first to apply for a spot bitcoin ETF with the SFC in January. Local reports indicate that up to 10 financial institutions have plans to launch Bitcoin ETFs in Hong Kong, highlighting the growing interest in this investment vehicle.\nHong Kong regulators have been actively working to create a favorable environment for the cryptocurrency sector in their efforts to establish the city as a global hub for digital assets.', 'VSFG, an asset management company, and its partner, Value Partners, havesubmittedan application for a spot bitcoin exchange-traded fund (ETF) to the Securities and Futures Commission (SFC) in Hong Kong. In December 2023, Hong Kong regulators expressed their readiness to consider **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: 2024-03-28 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,388,086,971,206 - Hash Rate: 630675249.3060845 - Transaction Count: 428670.0 - Unique Addresses: 696012.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.80 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) has been red hot, riding the crypto bull market to a scorching 196.1% gain over the past year. However, while the ETF deserves credit for this standout performance, I’m bearish on it for now and steering clear because of two red flags that lurk beneath the surface — its extreme exposure to a pair of volatile stocks and its high expense ratio. Before taking a look at the concerns, let’s briefly review CRPT’s strategy.According to fund sponsor First Trust, CRPT “is designed to provide exposure to companies that SkyBridge views as firms that are driving cryptocurrency, crypto assets and digital economies related innovation.” The fund launched in September 2021 and has $51.7 million in assets under management (AUM). CRPT invests in companies from all facets of the crypto landscape. This includes crypto exchanges like Coinbase (NASDAQ:COIN), Bitcoin (BTC-USD) miners like Marathon Digital (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT), andsemiconductor stockslike Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) (whose Graphic process unit chips are used by miners to mine Bitcoin). It even includes the big tech giants like Meta Platforms (NASDAQ:META) and Alphabet (NASDAQ:GOOGL), who have various irons in the fire when it comes to crypto, even though it certainly isn’t a major part of their respective businesses. I’d actually say that CRPT does a pretty good job of covering all bases and casting a wide net when it comes to investing in companies that are involved in crypto. The issue isn’t really what it is investing in, it’s more about how much it is investing in some of its holdings, as we’ll discuss below. CRPT owns 31 stocks, and its top 10 holdings make up an incredibly high 91.5% of assets, so this is an extremely concentrated ETF. Below, you’ll find an overview ofCRPT’s top 10 holdingsusing TipRanks’ Holdings Tool. Not only do the fund’s top 10 holdings make up over 90% of its assets, but just the top two holdings, Coinbase and Microstrategy (NASDAQ:MSTR), account for a whopping 44.7% of the fund. To be fair, Coinbase and Microstrategy have been great stocks over the past year, as rising crypto prices have driven their shares significantly higher. Coinbase is up 205.8% over the past year, and MicroStrategy is up 465.7%. While they have performed well, investors should note that these are still extremely volatile stocks that typically fall significantly when the price of Bitcoin is down. TipRanks’ Smart Score System isn’t enthused about either of these stocks, giving Coinbase an Underperform-equivalent Smart Score of 2 and MicroStrategy a Neutral-equivalent Smart Score of 4. TheSmart Scoreis a proprietary quantitative stock scoring system created by TipRanks. It gives stocks a score from 1 to 10 based on eight market factors. We are in the midst of a crypto bull market, so it’s easy to forget it now, but it wasn’t long ago that these stocks performed poorly as crypto prices tanked in 2022, causing CRPT to fall 80.8% that year. When the crypto market is humming along, CRPT is going to do well, but the next time it slumps, investors may need to run for cover. Zooming out a bit further, not only is over 44% of the fund in just these top two holdings, but 78.4% is devoted to just its top five holdings, which include volatile Bitcoin mining stocks. There’s simply no way around the fact that this is an extreme amount of concentration in just a few stocks, and volatile ones at that. My other concern about CRPT is that it is an expensive ETF with an expense ratio of 0.85%. This is significantly higher than the average expense ratio for all ETFs, which currently sits at 0.57%. This 0.85% expense ratio means that an investor will pay $85 in fees on a $10,000 investment annually. These fees can really add up over time. For example, if the fund returns 5% annually going forward and maintains its current expense ratio, an investor putting $10,000 into the fund will pay a whopping $1,049 in fees over 10 years. Paying high fees like this can take a bite out of the principal of one’s portfolio over time, so it’s always important for investors to be mindful of fees. If the ETF keeps performing well, as it has over the past year, most investors will not mind paying the high fee. But if the ETF performs poorly again, as it did in 2022, these high fees add insult to injury. Turning to Wall Street, CRPT earns a Moderate Buy consensus rating based on 27 Buys, five Holds, and zero Sell ratings assigned in the past three months. Theaverage CRPT stock price targetof $15.56 implies 11.6% upside potential. CRPT deserves a lot of credit for its strong performance over the past year. While I’m bullish on the crypto market in general (and the ETF could continue to do well for a while if crypto prices keep rising), I’m bearish on CRPT overall, given its massive position in just two volatile stocks with underwhelming Smart Scores: Coinbase and MicroStrategy. This leaves investors with a lot of potential downside exposure. Furthermore, the fund is very costly, with a well-above-average expense ratio of 0.85%. The fund has performed well over the past year, but it was also down more than 80% in 2022 when crypto prices were in a prolonged downtrend, so investors should be mindful of this. Investors have plenty of other options for gaining exposure to the crypto space. They can invest directly in cryptocurrencies like Bitcoin and Ethereum (ETH-USD) or invest in Bitcoin through one of the many newlow-cost Bitcoin ETFslike BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) or ARK Invest’s ARK 21Shares Bitcoin ETF (BATS:ARKB), which feature fees that are a fraction of CRPT’s. In fact, many of these ETFs are waiving their fees for the time being as they compete to draw in funds, which behooves investors. For those who want to specifically invest in the types of crypto-involved stocks that CRPT invests in, there are lower-cost options that offer a bit more diversification and less concentration, such as the Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG). It should be noted that FDIG also features a large Coinbase position, but overall, its top 10 holdings make up a much more manageable 62.9% of assets, and its expense ratio is less than half of CRPT’s. Disclosure... - Reddit Posts (Sample): [['u/Lenny36', 'Kiyosaki has brought more people to silver than any of the bitcoin haters among the precious metals community', 49, '2024-03-28 00:28', 'https://www.reddit.com/r/SilverDegenClub/comments/1bpgidw/kiyosaki_has_brought_more_people_to_silver_than/', 'On X Kiyosaki said the following\n\n" I am buying 10 more Bitcoin before April. Why? The “Having.” If you can’t afford a whole Bitcoin you may want to consider buying 1/10 of a coin, via the new ETFs or Satoshi’s.\n\nIf the Bitcoin process works as designed you may own a whole Bitcoin by the end of this year. \n\nI expect Bitcoin to be $100 k by September 2024. \n\nIf you are not into Bitcoin I suggest buying silver coins, preferably US silver eagles. My friend Andy Schectman states the once abundant supply of silver is nearly gone. He has a standing order for $1 million in “junk” silver (pre-64 US silver coins) and can it find pre 1964 silver coins to fill the order. "\n\nI reposted the links to a few people and O got replies like "kiyosaki is reaponsible for the bitcon" and "kiyosaki spews verbal diareah". \n\nFar out guys, in my view Kiyosaki is the most genuine person in the movement, he is an old guy and believes in helping people. Plus he is the number one seller of a financial book of all time.. if your reason for not liking him is because he promotes bitcoin then you are not just jealous you have extreme envy. Still some of you dont get it. Deep down im sure you feel it that bitcoin is 100% here to stay.\n\nMy favourite investment has always been silver. I even sold my cryptos including my theta for a silver miner before the recently bitcoin price doubling. Im the one who should be jealous but im happy for the bitcoiners. Ive been on reddit wallstreet silver and now silverdegen club for a few years and Ive said the same message over again, be smart like kiyosaki and bix weir and hold both silver and bitcoin. Dont be the dumb ignorant peter schiff type person who so retardedy opens his own mouth every day to embarass himself.\n\nFollow me on X (end_share) and also follow @wverily we are both working hard to promote our favourite australian silver developer Maronan Metals. I\'ve switched from the last three years where ive only promoted physical silver and I even labelled people who promoted silver miners as grifters but now Ive realised that its not retail buying the most silver, its industrial silver use which is crushing it. So now im 100% focused on what I think is one of the worlds best value silver developer. Hope its the fourth turning and not the great taking! \n\n', 'https://www.reddit.com/r/SilverDegenClub/comments/1bpgidw/kiyosaki_has_brought_more_people_to_silver_than/', '1bpgidw', [['u/SnooApples2350', 13, '2024-03-28 00:33', 'https://www.reddit.com/r/SilverDegenClub/comments/1bpgidw/kiyosaki_has_brought_more_people_to_silver_than/kwvlr8l/', 'I read his book and D.T. book "why we want you to be rich." Good books. Still broke. ™️', '1bpgidw']]], ['u/Kindly-Survey4107', "People who don't take Shib seriously are like the guy who sold 10,000 BTC for pizzas!", 123, '2024-03-28 00:46', 'https://www.reddit.com/r/SHIBArmy/comments/1bpgyo2/people_who_dont_take_shib_seriously_are_like_the/', 'That was **3.8 Billions** for Pizzas.\n\n[https://www.marketwatch.com/story/bitcoin-pizza-day-laszlo-hanyecz-spent-3-8-billion-on-pizzas-in-the-summer-of-2010-using-the-novel-crypto-11621714395](https://www.marketwatch.com/story/bitcoin-pizza-day-laszlo-hanyecz-spent-3-8-billion-on-pizzas-in-the-summer-of-2010-using-the-novel-crypto-11621714395)', 'https://www.reddit.com/r/SHIBArmy/comments/1bpgyo2/people_who_dont_take_shib_seriously_are_like_the/', '1bpgyo2', [['u/nedryerson77', 19, '2024-03-28 00:58', 'https://www.reddit.com/r/SHIBArmy/comments/1bpgyo2/people_who_dont_take_shib_seriously_are_like_the/kwvptjb/', 'Literally why I hold. I admit, I know nothing about crypto and investment, but I refuse to sell and lose out on a great possibility.', '1bpgyo2'], ['u/LongjumpingLow6695', 25, '2024-03-28 01:25', 'https://www.reddit.com/r/SHIBArmy/comments/1bpgyo2/people_who_dont_take_shib_seriously_are_like_the/kwvu87v/', 'We all know the pizza guy story but what happened to the delivery driver ? Whwre did he spend the btc', '1bpgyo2'], ['u/DEADHOTTUB', 10, '2024-03-28 01:42', 'https://www.reddit.com/r/SHIBArmy/comments/1bpgyo2/people_who_dont_take_shib_seriously_are_like_the/kwvwvnj/', 'I think the pizza guy still had some Bitcoin', '1bpgyo2'], ['u/Royal-Atmosphere-365', 16, '2024-03-28 02:37', 'https://www.reddit.com/r/SHIBArmy/comments/1bpgyo2/people_who_dont_take_shib_seriously_are_like_the/kww5iic/', "Right I'd rather hear that story. Cause I'd think that pizza guy spent that \\`10,000 BTC . on Chinese takeout.", '1bpgyo2'], ['u/olezipcoon', 34, '2024-03-28 02:50', 'https://www.reddit.com/r/SHIBArmy/comments/1bpgyo2/people_who_dont_take_shib_seriously_are_like_the/kww7khh/', 'The pizza guy did everyone a service. He used Bitcoin to pay for a product and was the first to do so. \n\nSomeone had to do it. He is the Chosen One.\n\nHe should never be shit on.', '1bpgyo2'], ['u/corporatehooligan', 10, '2024-03-28 06:56', 'https://www.reddit.com/r/SHIBArmy/comments/1bpgyo2/people_who_dont_take_shib_seriously_are_like_the/kwx19vr/', 'He didn’t get BTC as a tip. The dude sent someone BTC in exchange for the pizzas. The dude who received the BTC ordered him the pizza with a credit card.', '1bpgyo2']]], ['u/Acceptable-Ad-837', 'Any answers to what happened?', 63, '2024-03-28 01:03', 'https://www.reddit.com/r/Panera/comments/1bphcng/any_answers_to_what_happened/', 'Do I need to change all my passwords? Do I need to cancel my credit cards? Lightning strike corporate? Was it a cyber attack or did Paul in IT try to be slick and turn the Panera servers into his own bitcoin mining operation?\n\nI hope that this is in some real capacity, acknowledged (if it hasn’t already) if not for us customers sake, my god at least tell the employees what the heck happened so they can be assured that it’s not going to happen again. It seems so… weird. I won’t say shady but something in that direction at least.', 'https://www.reddit.com/r/Panera/comments/1bphcng/any_answers_to_what_happened/', '1bphcng', [['u/charizard_72', 42, '2024-03-28 01:07', 'https://www.reddit.com/r/Panera/comments/1bphcng/any_answers_to_what_happened/kwvrbui/', 'They’ll never admit if they’re hacked bc it makes them look bad and could lose customers who don’t feel it’s secure\n\nBut I suspect it’s something along those lines', '1bphcng'], ['u/Acceptable-Ad-837', 29, '2024-03-28 01:10', 'https://www.reddit.com/r/Panera/comments/1bphcng/any_answers_to_what_happened/kwvrqy5/', 'I think there’s a certain element of them *having* to tell people if they were hacked, should information actually been compromised? Obviously any big corporation *having* to do something vs actually doing it is, well… you know…', '1bphcng'], ['u/Apathicary', 10, '2024-03-28 01:11', 'https://www.reddit.com/r/Panera/comments/1bphcng/any_answers_to_what_happened/kwvry10/', 'Jared got fired and he’s not taking it well.', '1bphcng'], ['u/Loan-Pickle', 67, '2024-03-28 01:15', 'https://www.reddit.com/r/Panera/comments/1bphcng/any_answers_to_what_happened/kwvslw5/', 'Yes I wish they would say.\n\nI’ve been in IT for 20 years and it takes something pretty catastrophic to lead to a 4 day outage. I can only speculate, but seeing as how they are saying nothing my money is on cyberattack and they don’t want people to know. I would recommend keeping an eye on your card you have on file just in case.', '1bphcng'], ['u/Apathicary', 11, '2024-03-28 01:18', 'https://www.reddit.com/r/Panera/comments/1bphcng/any_answers_to_what_happened/kwvt09a/', 'No but if subway needs a tech guy, our old one looking for a job.', '1bphcng'], ['u/Acceptable-Ad-837', 32, '2024-03-28 01:22', 'https://www.reddit.com/r/Panera/comments/1bphcng/any_answers_to_what_happened/kwvtmww/', 'The fact that it wasn’t the app, or the user profiles, or the point of sale systems individually… it was the fact that all of those, more, and the employees freaking schedules and logins being down all at the same time that truly makes it a catastrophic event and almost assuredly a cyber attack. Those systems should not all be affected by any singular IT mishap.', '1bphcng'], ['u/Alternative-Cost8481', 12, '2024-03-28 01:38', 'https://www.reddit.com/r/Panera/comments/1bphcng/any_answers_to_what_happened/kwvwc1e/', 'I just got a random $2.16 charge on my card on file on Panera and it popped up on my Apple Pay which is weird because you only get notifications if your card is used from that. I’m trying to contact Panera care now because this is not happening before the four day outage.', '1bphcng'], ['u/catonsteroids', 18, '2024-03-28 02:12', 'https://www.reddit.com/r/Panera/comments/1bphcng/any_answers_to_what_happened/kww1pot/', 'Could be the sips club monthly charge if you have it. I looked at my account and I’m supposed to be charged $2.17 next month.', '1bphcng']]], ['u/SimplyShred', 'It surely feels most retail here are overly optimistic and late buyers this cycle ', 23, '2024-03-28 01:28', 'https://www.reddit.com/r/MSTR/comments/1bphxfb/it_surely_feels_most_retail_here_are_overly/', 'This sub seems overly optimistic at the wrong time. “Be fearful when everyone is greedy.”\n\nFor context I was buying MSTR as low as $160-250 and have began to DCA out. I am a bitcoin bull but I am objective and now cautious. I have seen many cycles since 2013 and I know that when late stage retail enters with price predictions, memes, screen shots it’s time to DCA out. Before anyone comes to flame me, how many honestly were buying bitcoin at 16-22k and MSTR at $160-250 and throughout. \n\nI began positioning myself for the summer correction that is likely to come post halving. For starters we haven’t even tested the 200W moving average in the low 40ks and the longer we go the faster we fall. On the contrary the m... 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:** ['On Thursday, a federal judge sentenced formerFTX CEO Sam Bankman-Fried to 25 years in prisonafter he was found guilty on seven charges of wire fraud and money-laundering.\nThe scam he pulled was fairly simple: He and his partners created an exchange, FTX, that took customer deposits to invest in and trade cryptocurrencies. Some of those deposits were secretly funneled to his other company, hedge fund Alameda Research, which he\'d originally created to arbitrage differences among crypto prices in various countries. According to the government\'s case, which it won, Alameda used that money forvarious things it shouldn\'t have,like investing in other crypto startups, buying some very nice real estate, supporting political campaigns and — most important for purposes of the scam — propping up FTX\'s proprietary crypto token, FTT.\nA few document leaks andsome clever work by journalists at Coindesk, combined with a well-timed tweet by Changpeng "CZ" Zhao, who ran rival crypto exchange Binance, caused a run on FTX. The scheme unraveled in a matter of days, wiping out billions in customer money (although, apparently,they may get a fair portion of that money back). CZ himself is no longer running Binance, havingpleaded guiltyto money-laundering violations related to insufficient controls.\nThe sentencing brings to an end the most recent era of crypto, which was characterized by greater-fool get-rich-quick schemes on the way up — investors were lured in with promises of impossibly high returns on everything from digitally watermarked images to simple interest payments on the token of the week — andfraud investigations and indictmentson the way down.\nSam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture\nCrypto optimists like Andreessen-Horowitz\'s Chris Dixon suggest thatwe\'re now entering a more sober phase of crypto, where software developers will finally build useful applications on one of the many blockchains that have emerged since the original blockchain — the one underlying bitcoin —was first proposedby the pseudonymous Satoshi Nakamoto and distributed on Halloween 2008.\nThe problem with this point of view is that developers have been building a wide variety of applications on top of Ethereum and Solana and other Layer-1 blockchains for years now, and the only economically viable purpose any of them have served is speculation. Yes, it\'s possible to create a digitally authenticated piece of art, but the value of that art isn\'t in the aesthetic pleasure it brings, but rather in the possibility that somebody else will buy it for more money later.\nNearly everything else that\'s being built on or enabled by blockchains replaces something that\'s already being done fairly well. Self-executing smart contracts replace — you know, regular contracts. Which aren\'t perfect, but aren\'t so ridiculously inefficient that they grind the economy to a halt. Decentralized autonomous organizations, or DAOs, where decision-making is shared equally among all participants, replaces other decentralized organizational schemes characterized by hours of debate and few concrete decisions, likeholacracyorSan Francisco Board of Supervisors\' meetings. Jokes aside, where is the clear killer app for blockchains? Where\'s the runaway success story?\nForget runaway success: There hasn\'t even been a single blockchain-based startup with enough cashflow or profitability to go public. Yes, there are bitcoin mining companies likeRiot. Yes, there are companies that facilitate crypto trades likeCoinbaseandBlock(formerly Square). But there\'s no actual company that\'s developed economic value by doing something brand new or better on a blockchain.\nI\'m open to persuasion — pitch me, blockchain geniuses, with incredible value-creating startups! — but my view right now is that crypto will revert to the original function of Bitcoin as an alternative to nation-based currencies for storing and exchanging value. Its volatility may not make sense to people living in relatively stable economies, but in countries with runaway inflation, corrupt governance, civil unrest or war, the method of converting collapsing local currency to bitcoin to stablecoin to a stable national currency like the U.S. dollar will remain a reasonable and in-demand way for people with some means to preserve those means. It\'s also useful for sending remittances without having to pay outrageous fees for international money changers, and — sometimes — as a digital replacement for suitcases of cash for all kinds of underground economic activity.\nWhy bitcoin instead of one of the newer coins? Because those other coins are almost universally based on faith, trust and pixie dust; the main value they have is the value they\'re assigned by the people who hold and trade them. You can make a college sophomore bong hit argument that all money is that way, man, but in fact the U.S. dollar is backed by the massive economic and military power of the United States: actual control over actual resources that people actually want and need.\nBitcoin is similarly backed by something real and tangible: energy. Because of its proof-of-work model, the only way to make and validate new bitcoins is by consuming energy, whether it\'s burning natural gas or hooking up to a nearby nuclear plant. Energy drives the real-world economy, and unlessSam Altmanor somebody successfully unlocks fusion and delivers energy that\'s truly "too cheap to meter," it\'s going to remain a real asset with real value for some time. If demand for bitcoin were to stabilize, the price should theoretically track to the price of electricity. In fact, it wouldn\'t surprise me in the least if Satoshi had some kind of connection to the energy industry.', "• A mysterious group of cybercriminals has released an infostealer targeting gamers who cheat in video games, stealing their bitcoin holdings and impacting hundreds of thousands of players.\n• Game developer Activision Blizzard is working with cheat providers to help the affected players.\nVideo game cheaters may have finally met their match as a mysterious group of cybercriminals has reportedly released an information stealer malware targeting gamers who cheat in Call of Duty, stealing the bitcoin {{BTC}} holdings of some players.\nThe malware has already impacted hundreds of thousands of players and the numbers are still growing, as per malware market informer @vxunderground.\n“It should be noted that some of these accounts are also not cheaters,” @vxunderground added. “Some users impacted utilized gaming software for latency improvement, VPNs, and certain controller boosting software.”\nCall of Duty cheat code provider “PhantomOverlay” was first to notice the suspicious activity after users reported unauthorized purchases. Rival cheat providers like Elite PVPers confirmed similar attacks to @vxunderground in the past week.\nThe stolen data includes freshly stolen credentials, with some victims also reporting their Electrum wallets were also drained. The total amount of crypto stolen is still unknown.\nCall of Duty developer Activision Blizzard (ATVI) is reportedly working with the cheat code providers to help the affected players. The current estimated number of compromised accounts includes over 3.6 million Battlenet accounts, 561,000 Activision accounts, and 117,000 Elite PVPers accounts.\nMeanwhile, PhantomOverlay claimed the number of hacked accounts “are inflated” in a Telegram broadcast message on Wednesday.\nExploiters have targeted game cheaters for years. In 2018, a supposed cheat for the massively popular video game Fortniteturned out to be malwaredesigned to steal bitcoin wallet login details. Fortnite players wereagain targeted in 2019, with hackers blocking access to a user's entire computer data.", "• A mysterious group of cybercriminals has released an infostealer targeting gamers who cheat in video games, stealing their bitcoin holdings and impacting hundreds of thousands of players.\n• Game developer Activision Blizzard is working with cheat providers to help the affected players.\nVideo game cheaters may have finally met their match as a mysterious group of cybercriminals has reportedly released an information stealer malware targeting gamers who cheat in Call of Duty, stealing the bitcoin {{BTC}} holdings of some players.\nThe malware has already impacted hundreds of thousands of players and the numbers are still growing, as per malware market informer @vxunderground.\n“It should be noted that some of these accounts are also not cheaters,” @vxunderground added. “Some users impacted utilized gaming software for latency improvement, VPNs, and certain controller boosting software.”\nCall of Duty cheat code provider “PhantomOverlay” was first to notice the suspicious activity after users reported unauthorized purchases. Rival cheat providers like Elite PVPers confirmed similar attacks to @vxunderground in the past week.\nThe stolen data includes freshly stolen credentials, with some victims also reporting their Electrum wallets were also drained. The total amount of crypto stolen is still unknown.\nCall of Duty developer Activision Blizzard (ATVI) is reportedly working with the cheat code providers to help the affected players. The current estimated number of compromised accounts includes over 3.6 million Battlenet accounts, 561,000 Activision accounts, and 117,000 Elite PVPers accounts.\nMeanwhile, PhantomOverlay claimed the number of hacked accounts “are inflated” in a Telegram broadcast message on Wednesday.\nExploiters have targeted game cheaters for years. In 2018, a supposed cheat for the massively popular video game Fortniteturned out to be malwaredesigned to steal bitcoin wallet login details. Fortnite players wereagain targeted in 2019, with hackers blocking access to a user's entire computer data.", "Fewer assets recently have performed better thanBitcoin(CRYPTO: BTC). In the last five years, **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: 2024-03-29 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,377,599,092,969 - Hash Rate: 595046224.9834774 - Transaction Count: 449421.0 - Unique Addresses: 659374.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.79 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • Bitcoin mining was more profitable in February as the cryptocurrency rose 15%. • Even though the hashrate has nearly doubled from a year ago, publicly traded miners have lost market share, Jefferies said. • The bank cut its price target for Marathon Digital to $24 and raised Argo Blockchain to $1.50. Bitcoin {{BTC}} mining was more profitable in February than in January as the price of the world’s largest cryptocurrency rose 15% while the network hashrate increased at a slower rate of 9%, investment bank Jefferies said in a research report on Monday.Publicly listed North American mining companies produced a smaller share of bitcoin compared with the previous month, slipping to 17.5% of the total network from 19%, as new hashrate came online from other sources, the report said.Hashraterefers to the total combined computational power that is being used to mine and process transactions on aproof-of-workblockchain, such as Bitcoin.“From a year ago, the network hashrate has nearly doubled, but the publicly traded miners have lost market share,” analysts Jonathan Petersen and Amanda Santillo wrote.Marathon Digital (MARA) had previously used third-party providers to host its machines rather than building its own infrastructure, the report noted, but the company has changed strategy and is buying out some of the hosting services, a “defensive move ahead of thehalving,” and a strategy Jefferies says it supports.“The scale of MARA is a competitive advantage when it comes to buying more ASICs to grow and maintain market share,” the authors wrote.The bank maintained its hold rating on Marathon Digital shares, and cut its price target to $24 from $30 to “reflect the downtime at the Applied Digital sites, which has weighed on our confidence of future uptime assumptions.”It increased its price target on hold-rated Argo Blockchain (ARBK) to $1.50 from $1.20 to reflect the higher bitcoin price. “With less capex dedicated to mining facility development ARBK should have cash to buy additional miners and increase hashrate more quickly,” the bank said.Read more:Bitcoin Miners Need to Be Proactive to Hold Their Positions After Halving: Fidelity Digital Assets... - 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,March 29, 2024/PRNewswire/ --OKX, a leading Web3 technology company, has issued updates forMarch 30, 2024.\nOKX Wallet Integrates with Corridor Finance, a Prominent BRC-20DeFiPlatform\nOKX Wallet is now integrated withCorridor Finance, a leading platform building a BRC20DeFiecosystem, including swap, bridge, and farming. This integration enables OKX Wallet users to leverage the benefits of diverse yield farming products, further expandingDeFito more BTC assets like BRC-20, NFTs and other BTC protocols, directly from the OKX Wallet web extension.OKX Wallet users can now access Corridor Finance by downloading the OKX Wallet web extension available on Chrome and Firefox, creating or adding an existing OKX Wallet, and connecting it to Corridor Finance via the web extension.\nCorridor Finance is dedicated to boosting the BRC20 ecosystem with its innovative solutions. It aims to bring a new level of diversity to yield farming products and broadenDeFi's reach.\nFor more information, please visit theOKX Support Center.\nFor further information, please contact:[email protected]\nAbout OKX\nA leading global technology company driving the future of Web3,\xa0OKX 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 versatilecryptowallet which gives users access to over 80 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-chaindecentralizedexchange 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• Web3DeFi: A powerfulDeFiplatform 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 driverDaniel 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\nView original content to download multimedia:https://www.prnewswire.com/news-releases/flash-news-okx-wallet-integrates-with-corridor-finance-a-prominent-brc-20-defi-platform-302101992.html\nSOURCE OKX", 'Many growth investors gravitated back toward the cryptocurrency market this year as hopes for lower interest rates, the approvals of the firstBitcoinspot price exchange-traded funds (ETFs), and big institutional purchases suggested the "crypto winter" was over. However, it\'s still tough to gauge the true value of most cryptocurrencies, since their price is driven more by supply and demand than by an actual underlying business.\nEarlier this month, I suggested that investors buy threepromising tech stocks--Nvidia,Super Micro Computer, andASML-- instead of going all-in on cryptocurrencies. Today, I\'ll add three other speculative plays to that list of potential cryptocurrency alternatives:Symbotic(NASDAQ: SYM),QuantumScape(NYSE: QS), andIonQ(NYSE: IONQ).\nSymbotic is a provider of warehouse automation robots and software. It claims a $50 million investment in just one of its modules (which includes its robots and software) can generate $250 million in lifetime savings over 25 years.\nSymbotic went public by merging with a special purpose acquisition company (SPAC) in June 2022. Its revenue surged 136% in fiscal 2022 (which ended in September 2022) and 98% in fiscal 2023. However, most of that growth came from a deal withWalmart, which tapped Symbotic to automate all of its regional distribution centers across the U.S. through fiscal 2034. Walmart still owns 11% of Symbotic and accounted for 88% of its revenue in fiscal 2023.\nThat customer concentration is worrisome, but it\'s secured deals with other big retail customers likeTarget,Albertsons, and C&S Wholesale. It also launched a new warehouse-as-a-service platform called GreenBox with its other big backer,SoftBank, last July.\nAnalysts expect Symbotic\'s revenue to rise 48% in fiscal 2024 and 42% in fiscal 2025. It\'s still bleeding red ink, but it\'s expected to turn profitable on a generally accepted accounting principles (GAAP) basis by fiscal 2025. Its stock isn\'t cheap at 16 times this year\'s sales, but it might be a great pure play on the warehouse automation market.\nQuantumScape develops solid-state batteries, which are more stable, charge faster, and last longer than traditional lithium-ion batteries. Those batteries are a great fit for the electric vehicle (EV) market, and the company\'s biggest backer isVolkswagen. Like Symbotic, QuantumScape went public by merging with a SPAC in November 2020. But unlike Symbotic, QuantumScape doesn\'t generate any meaningful revenue yet.\nQuantumScape hasn\'t commercialized any of its batteries since its public debut, but its latest batteries could give EVs a range of 400-500 miles with a charge time of less than 15 minutes. It\'s also developing batteries that can reach 600 miles with a charge time of under 30 minutes. For reference, most top-tier lithium-ion batteries for EVs have a range of roughly 300 miles and a charge time of 30 minutes. Volkswagen also recently conducted an endurance test that found that QuantumScape\'s batteries could power an EV for over 310,000 miles "without any noticeable loss of range." Most lithium-ion batteries lose approximately 10% of their range after the first 200,000 miles.\nQuantumScape\'s technology sounds disruptive, but it\'s tough to value its stock without any revenue. However, if it successfully commercializes its first batteries before its like-minded competitors, its stock could skyrocket over the next few years.\nInvestors looking for another speculative play should take a look at IonQ, a quantum computing company that merged with a SPAC in October 2021. IonQ provides quantum computing power as a cloud-based service, and it\'s trying to shrink qubit processing unit (QPU) systems from several feet to a few inches wide with its "trapped ion" technology.\nIt expects that miniaturization to make it easier to build large quantum computing systems that process binary "bits" of zeros and ones simultaneously. That big leap could support the growth of the cloud, machine learning, and artificial intelligence (AI) markets.\nIonQ gauges its quantum computing power in algorithmic qubits (AQ). It achieved AQ 29 in 2023, AQ 35 earlier this year, and it aims to reach AQ 64 by 2025 with a longer-term target of 1,024 by 2028. It only generated $22 million in revenue in 2023, but it continues to lock in new government and commercial customers. Analysts expect its revenue to rise 77% in 2024 and 110% in 2025 -- so it could still have plenty of upside potential.\nIonQ isn\'t profitable yet, and its stock looks pricey at nearly 50 times this year\'s sales. But if it can achieve its ambitious miniaturization goals and scale up its business, its sales could soar as the nascent quantum computing market expands.\nShould you invest $1,000 in Symbotic right now?\nBefore you buy stock in Symbotic, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Symbotic wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has\xa0more than tripled\xa0the return of S&P 500 since 2002*.\nSee the 10 stocks\n*Stock Advisor returns as of March 25, 2024\nLeo Sunhas positions in ASML. The Motley Fool has positions in and recommends ASML, Bitcoin, Nvidia, Target, Volkswagen Ag, and Walmart. The Motley Fool has adisclosure policy.\n3 Growth Stocks With More Potential Than Any Cryptocurrencywas originally published by The Motley Fool', 'Shares of cryptocurrency exchangeCoinbase(NASDAQ: COIN)have made an incredible comeback over the past six months, more than tripling in that time. The stock is still trading below its all-time high, but much of the damage inflicted by the post-pandemic cryptocurrency crash has been undone.\nCoinbase slashed costs last year, which was enough to push its net income into positive territory, despite a slight decline in revenue. The company ended the year with about 24% fewer employees, compared to the start of the year.\nHigher interest rates also helped the cause. Coinbase\'s interest income more than doubled in 2023.\nWhile there\'s no doubt that Coinbase is a much leaner company today, its fortunes are still deeply intertwined with the boom-and-bustcryptocurrency market. Transaction revenue is still nearly half of total revenue, and some of Coinbase\'s non-transaction revenue ultimately depends on sustained interest in cryptocurrency.\nCoinbase does well when cryptocurrency prices are high and rising, with its results driven by heavy transaction volume. In contrast, it does poorly after prices have plunged and investor interest has dried up.\nIf you look at how Coinbase stock has performed since the company **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: 2024-03-30 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,373,010,829,206 - Hash Rate: 640501144.9474928 - Transaction Count: 490072.0 - Unique Addresses: 614851.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.75 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Stocks finished lower on Friday, notching a second consecutive losing week for Wall Street, as investors weighed the impact of hot inflation prints on the Federal Reserve's policy decision next week. The S&P 500 (^GSPC) lost 0.7%, while the Dow Jones Industrial Average (^DJI) shed 0.5% or nearly 200 points. The tech-heavy Nasdaq Composite (^IXIC) decreased close to 1%. All three major indexes lost ground for the week. Stocks slipped further afterThursday's losses, which came asanother hotter-than-expected inflation reportspooked investors into rethinking bets on a June interest rate cut. The report supported concerns that "sticky" inflation could bemore difficult to tame than the Fed had expected. With no big data releases on Friday's docket, eyes are turning to the February PCE report — the Fed's preferred inflation measure — for more clarity on whether inflation is cooling as fast as the central bank wants. But that reading won't come until near the end of March, after the Fed's policy decision next week. Meanwhile, bitcoin (BTC-USD)pulled back furtherfrom its latest record high above $73,000 to $68,000 by the end of the normal trading day. Elsewhere in corporates, Adobe (ADBE) shares fell around 14% after itsdownbeat quarterly sales forecastfueled worries about competition from AI startups. And Zillow (Z) tumbled 13% Friday, alongside other real estate names, after the National Association of Realtors reached a legal settlement that paves the way for home buyers and sellers to pay lower commissions. • Fri, March 15, 2024 at 8:04 PM UTCHamza ShabanStocks end the week in the red again ahead of Fed meetingSentiment on Wall Street soured as investors pulled back ahead of next week's Fed policy meeting.While the market widely expects the central bank to start cutting rates later this year, recent inflation readings have pushed back those predictions, as the Fed is less likely to lower rates if inflation is not convincingly tempered.The S&P 500 (^GSPC) lost 0.7%, while the Dow Jones Industrial Average (^DJI) shed 0.5% or close to 200 points. The tech-heavy Nasdaq Composite (^IXIC) decreased nearly 1%. All three major indexes lost ground for the week. For the S&P 500 and the Nasdaq, the close registered their second straight weekly loss. • Fri, March 15, 2024 at 7:30 PM UTCHamza ShabanA look at the week aheadFed week is almost here.Officials at the central bank will huddle on Tuesday and Wednesday to decidethe next course of action for interest rate setting. Market observers confidently predict that the Fed will keep rates steady, especially as recent inflation readings have revealed just how stubborn price pressures can be. But while the policy is unlikely to change, the conclusion of the meetingswill bring new economic projections, revealing where key Fed officials see interest rates heading in the future.Most Fed watchers believe interest rate cuts will arrive this year. But new data has complicated the timeline, as Fed officials wrestle with the risks of keeping rates elevated for too long and on the opposite end of starting an easing cycle too quickly, inviting inflation to creep back up.On the corporate front, earnings season is winding down but several big names are set to post their quarterly reports. Nike (NKE), Chewy (CHWY), Lululemon (LULU), and FedEx (FDX) are among the the major companies to report next week, as Wall Street ends this week in a rough patch.Yahoo Finance's Brent Sanchez has a graphical breakdown of what to watch next week: • Fri, March 15, 2024 at 6:45 PM UTCHamza ShabanWall Street is over the Fed's waiting gameWall Street has stopped waiting for the Fed.And investors should too.In the months spent waiting for an inflation comedown, and then for the central bank to take the last step — cementing a soft landing with a rate cut — the market has pressed on.Thursday'slatest evidence of stubborn price pressuresreinforced the view that the first rate cut won't arrive until the summer.What investors considered March's all-but-promised interest rate cut became June's. And now, at least according totraders putting their money where their mouths are, a cut in July is almost as likely.So far this year, economic data has vacillated between hot and cold from release to release, rendering a coherent narrative about the direction of inflation, consumer health, and GDP all but impossible. There is little to do but wait and see. And then wait and see again.While officials are busy parsing new reams of data — often contradictory and on a lag — market players are forced to divine what comes next and to fill the information void with their own narratives.For the central bank's critics, who are often just hungry for the market adrenaline of lower rates, a cautious approach to policy settinglooks like paralysis, even though the officials are fulfilling their mandates. But an array of developments amid the rate cut wobbling highlights the limits of the Fed's influence and the market-moving power of other economic factors.A surge beyond the “Magnificent Seven” (which is really the Magnificent Four) shows the strength of a broadening rally — with the Materials (XLB) and Financials (XLF) sectors joining the party of record highs usually reserved for the trillion-dollar elites. The recent success stories of Costco (COST) and Eli Lilly (LLY) can't be ignored either.Of course, the recent market frenzy could be seen as a reaction to an eventual rate cut, forever priced in no matter how delayed it may be. Like the United captain saying that, sorry, there's another 30-minute delay before takeoff, waiting for just one more Fed meeting feels bearable — and keeps the hope of a cut at the top of the market's collective mind.Almost no one expects a rate change on Wednesday, at the end of the Fed's policy meeting. More parsing and hedging will be on display, along with another invitation to wait. Therelease of new interest rate forecastswill unleash a fresh wave of speculation and a point of contrast for how much more dovish or hawkish officials have become.But staring at dots can only reveal so much. • Fri, March 15, 2024 at 6:00 PM UTCHamza ShabanStocks trending in afternoon tradingHere are some of the stocks leading Yahoo Finance’strending tickerspage during morning trading on FridayGroupon (GRPN): The commerce company plummeted more than 30% Friday afterreporting fourth quarter revenuethat fell short of expectations. The tough quarter and dramatic selloff comes as Groupon undergoes a restructuring to boost its financial performance.Jabil (JBL): The global manufacturer tumbled 15% Friday afternoon after the companylowered its guidancefor fiscal 2024 from $31 billion in revenue to $28.5 billion. Jabil executives said that it expects revenue headwinds to be short-term. The company also said it expects to complete the$2 billion divestiture of its mobility businessby the the third quarter of fiscal year.Adobe (ADBE): Shares of the software company sank nearly 14% afterposting first quarter earningswith a weaker-than-expected sales forecast. The softer outlook overshadowed a beat on revenue, which came in at $5.18 billion compared to an expected $5.14 billion. While the company announced plans to introduce artificial intelligence features, demand for the remainder of the year threw consumers' interest in the AI products into question.Bitcoin (BTC-USD): The dominant cryptocurrency showed once again the volatility of the market. After bitcoin broke past $70,000, achieving record highs earlier this week, the price of the token abruptly tumbled to around $68,000, sending other popular digital currencies and crypto industry companies down with it. • Fri, March 15, 2024 at 5:38 PM UTCDani RomeroZillow stock sinks 14% after realtor settlement paves way for lower commissionsShares of Zillow (Z) sank as much as 14% Friday alongside other real estate names after the National Association of Realtors reached a legal settlement that paves the way for home buyers and sellers to pay lower commissions.The NAR reached a nationwide settlement ofclaims that the industry conspired to boost agents' commissions,the organization said on Friday. If the settlement gets approval by a federal court, it will usher changes to the way consumers buy and sell homes.Real estate names slid on the heels of the NAR's groundbreaking settlement. Anywhere Real Estate (HOUS), Compass (COMP), and Redfin (RDFN) declined as much as 15%, 11%, and 5%, respectively.•USD(Z)FollowView Quote DetailsThe NAR said it will pay $418 million over the next four years to end litigation.As part of the settlement, the NAR said it would, "put in place a new MLS rule prohibiting offers of broker compensation on the MLS," ending rules that had effectively required sellers to compensate a buyer's agent.The NAR's MLS, or Multiple Listing Service, is a database where 88% of sellers listed their homes last year. Brokers who list their clients' properties in the database previously had to agree to share their commissions with other MLS participants, with commissions typically standing at 6%.Beginning in July, agents will also have to enter into written agreements with homebuyers they represent."It has always been our goal to preserve consumer choice and protect our members to the greatest extent possible," Nykia Wright, interim CEO,said in a statement.At least one Wall Street analyst thinks these new rules will lead to "commissions falling 25% to 50%."In a note to clients on Friday, Jaret Seiberg, housing policy analyst for TD Cowen Washington Research Group, wrote that in addition to this drop in commissions, this ruling "should benefit online and discount real estate brokerages. They should be able to access the Multiple Listing Service without having to meet the commission requirements that previously were in place."Seiberg added: "That means they can offer lower commission rates in order to attract more business. In addition, the settlement bans the inclusion of buyer agent compensation... - 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 and traders may be congratulating themselves for a great first quarter.\nBut the smart money already is looking at what\'s coming next for stocks and the economy.\nBulls are in firm control of U.S. and most global markets. One could see them at work in futures trading late Sunday.\xa0Stock-index futures were uniformly higher, a sign that markets will open higher on Monday.\nThe bullishness is the result of the strength of the five-month old stock rally.\nThere were record closes on March 28 for the Standard & Poor\'s 500 Index and the Dow Jones Industrial Average and continued strength in stocks in the Nasdaq Composite.\nAt the same time, interest rates appear to have stabilized, and many analysts say markets can handle the Federal Reserve\'s patient policy toward cutting interest rates. (The Fed\'s mantra seems to be: "Yes, we\'ll cut\xa0—\xa0when we\'re ready.")\nA key inflation reading on Friday was above the Fed\'s goal of 2% inflation, but no one seemed terribly concerned about it. Early trading in oil futures suggests price increases are slowing for now.\nRelated: The Fed\'s stock market influence, like inflation pressure, continues to fade\nWhile investors will be watching overall markets closely, two other events this week will demand attention:\n• The bitter, emotional proxy fight for control of Walt Disney(DIS).\n• The monthly jobs report due Friday before U.S. markets open. The report can quickly move markets up or down.\nThe expectation on the jobs report is the U.S. unemployment rate held steady in March at 3.9%, with nonfarm payrolls growing by 205,000. A big gain could spook bond markets and send interest rates higher — and stocks lower.\nMonday\'s markets will also function as a report card on the March 28 report on consumer inflation.\nThe Bureau of Economic Analysis reported that itsPersonal Consumption Expenditures Price Indexrose 2.5% year over year. Its core measure showed a 2.8% increase.\nHow good was the market in March?\nThe S&P 500 Index rose 10.2%, its best first-quarter performance since 2019. The Dow added 5.6%, and the Nasdaq Composite was up 9.1%.\nThe S&P 500 set eight\xa0closing highs during the month and 22 in the first quarter. The Dow hit three (with a total of 17 year-to-date). Both indexes, in fact, finished the month with record closes.\nThe Nasdaq Composite had two record closes in the month, the last on March 22, and ended up 1.8% for the month and 9.1% in the quarter.\nAll 11 sectors of the index showed gains during the month, led by the energy sector, up 10.4%, and materials, up 6.2%.\nThe weakest sector was Consumer Discretionary, up just 0.01%.\xa0The group includes Tesla(TSLA), down 12.9% for the month; retailer Lululemon Athletica(LULU), down 16.4%. was the weakest. Dow component Nike(NKE)was off 9.6%.\nChipmaker Micron Technology(MU)was the top S&P 500 stock in the month, up 30.11%. But it was the only semiconductor stock in the the top 10.\nNvidia(NVDA)was uponly14.2%. It\'s still up 82.5% on the year.\nBitcoin finished March (on Sunday) at $71,024, up 14.4% for the month and 67% for the year.\nThe close, however, was 3.3% below bitcoin\'s closing high of $73,463 on March 13 and nearly 3.8% from its intraday peak of $73,798 on March 14.\nWhat gives bulls optimism are four factors:\n• There are few signs the stock market is overbought. Relative-strength indexes are below levels that get traders\' attention.\n• There won\'t be a government shutdown.\n• The economy and markets have been able to carry on despite the current interest-rate environment.\n• The Federal Reserve may not be in a rush to cut interest rates, but the central bank doesn\'t appear interested in raising them either. The 10-year Treasury yield moved up to as high as 4.33% from 3.9% at the end of 2023 but drifted back to 4.2% at month\'s end.\nThe big risks: An angry, disputed U.S. election in the fall and the risk of widening war in Europe or the Middle East.\nMeanwhile, the proxy fight for control of Walt Disney(DIS)will grab eyes and ears this week all the way into Disney\'s annual meeting, which starts at 1 p.m. EDT (10 a.m. PDT) on Wednesday.\nThat\'s when the votes will be counted on whether candidates from two groups of activist investors will be elected to the Disney board.\nA note: This is a virtual meeting.\n• You can listen in by going to the Disney Investors Relations site.\n• Oraccess the meeting directly here.\n• If you are a shareholder and want to ask questions, you must pre-register.\nThe Disney battle is an election where you can\'t poll the voters\xa0— in this case, the actual shareholders\xa0—\xa0to any reliable degree. They just mark their proxies and send them in.\nNormally, big investors dominate the voting in a proxy fight, but small investors control around 40% of Disney\'s shares, and they may well decide the battle.\nSome small investors are in the game just to make money from the stock. Others were given shares as children or bought some with earnings from high-school jobs and haven\'t sold.\nThe Disney fight is primarily with Trian Fund Management, led by the activist investor Nelson Peltz. Trian controls 1.8% of Disney\'s shares and wants to vote Peltz and a former Disney executive, Jay Rasulo, onto the board.\nMore on Disney\n• Billionaire investor has a problem with ‘woke’ Disney movies\n• Analysts adjust Disney stock price targets ahead of proxy fight\n• Analysts unveil new Disney stock price targets after earnings\nA second group, known as Blackwells Group, led by Blackwells Capital Management, is also in the fight, hoping to elect three candidates to the board.\nThe fight gets more expensive by the day.\nPeltz has estimated he\'s spent $25 million on his campaign,The New York Times reported. Disney guesses their costs at $40 million.\nTensions are rising as investors big and small take sides. Peltz has even weighed in about what he thinks of the kinds of entertainment the company produces.\nHe was criticized recently for suggesting Disney should stop making films with all-African-American casts or all-female casts. Disney\'s Marvel unit did produce "Black Panther" in 2018, which grossed $1.3 billion worldwide.\nPresumably, either of the groups trying to get on Disney\'s board would advocate strongly for trimmed production spending for Disney\'s entertainment assets and lower operating costs for its theme parks. And they\'d seek greater direct returns to shareholders.\nShutterstock\nDisney\'s shares struggled between an early 2021 peak of about $200, falling to as low as $79.33 on Oct. 27, 2023.\nThat was, ironically, the day the market bottomed and started its big fall rally.\nDisney closed at $122.36 on\xa0March 28, the last day of trading for the month.\xa0Its 35.2% first-quarter gain was the best performance of any stock in the Dow Jones Industrial Average. It was also the ninth-best year-to-date performer in the Standard & Poor\'s 500 Index.\nThe shares are up 54% from the Oct. 27 market bottom, second-best among the Dow stocks after the 61% gain for American Express(AXP).\nAside from the jobs report, the week ahead does not feature huge economic reports that can send stocks and bonds higher or detail the big rally that started in October.\nBut watch the OPEC meeting this week. Oil prices are up 16% so far in 2024. And retail gasoline prices have moved up nearly 14% this year, a faster pace than a year ago.\nNo change in policy is expected. Reuters reported global oil prices are risingbecause of worries that war in Middle East and attacks on Russian energy infrastructure could disrupt supplies.\nAs of Sunday, theAmerican Automobile Association\'s daily price surveyshowed the national price of regular unleaded gasoline at $3.535 a gallon, basically flat for the past 10 days but up 13.6% this year.\nOnly 137 fourth-quarter-earnings reports are due this week. Among the biggest is payroll-services provider Paychex(PAYX)on Tuesday. The consensus estimate is $1.36 a share, up from $1.29 a year earlier.\nThe first-quarter-earnings season, however, starts at 8:30 a.m. on April 12 when JP Morgan Chase(JPM)reports first-quarter results. Investors admire the banking giant; its shares are up 17.8% this year. The average analyst estimate: $4.16 a share.\nRelated: Veteran fund manager picks favorite stocks for 2024', "In theory, looking ahead at markets this week should be focusing on the big quarter just ended and what the prospects are for stocks and the economy.\nIn theory.\nBut a lot of attention will be paid to the bitter, emotional proxy fight for control of the Walt Disney Co.(DIS).\nAt the same time, there\xa0is a huge report that will move markets this week: the monthly jobs report due Friday before U.S. markets open.\nThe expectation is for the U.S. unemployment rate to hold at 3.9%, with non-farm payrolls growing by 205,000.\xa0 A big gain could spook bond markets and sent interest rates higher\xa0— and stocks lower.\nRelated: The Fed's stock market influence, like inflation pressure, continues to fade\nIn addition, Monday's markets will have to weigh whether a Friday report was good or bad. The Bureau of Economic Analysis reported that itsPersonal Consumption Expenditures Price Indexrose 2.5% year over year. Its core measure showed a 2.8% increase.\nFed Chairman Jerome Powell said the numbers were in line with estimates. Markets won't weigh in until Sunday night.\nHow good was the market in March?\nThe Standard & Poor's 500 Index rose 10.2%, its best first-quarter performance since 2019. The Dow added 5.6%, and the Nasdaq Composite was up 9.1%.\nThe S&P set eight new closing highs during the month. The Dow hit three. Both indexes, in fact, finished the month with record closes.\nThe Nasdaq Composite had two record closes in the month, the last on March 22, and ended up 1.8% for the month.\nAll 11 sectors of the index showed gains during the month, led by the energy sector, up 10.4%, and materials up 6.2%.\nThe weakest sector was Consumer Discretion **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: 2024-03-31 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,398,046,706,775 - Hash Rate: 566120366.8245583 - Transaction Count: 319675.0 - Unique Addresses: 546293.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.75 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Updates at 1200 GMT) By Kevin Buckland and Alun John TOKYO/LONDON, March 4 (Reuters) - The U.S. dollar weakened slightly on Monday, at the start of an action-packed week for markets with Britain's budget, a European Central Bank meeting, U.S. jobs data and important political moments in both China and the U.S. all due. Eyes were also on Bitcoin, which rose to a more than two-year peak above $65,000 after a quiet weekend, pushed higher in recent weeks by big flows into cryptocurrency exchange-traded funds, most notably in the United States. The euro rose 0.13% to $1.08, sterling gained 0.19% to $1.2677 and the Japanese yen fluctuated around the closely watched 150 per dollar level. The dollar was last up 0.20% at 150.43 yen. That left the dollar index - which measures the currency against six major peers - flat at 103.82, oscillating narrowly in the bottom half of its 103.43-104.97 range of the past month. "It's going to be a busy week ahead for 'event risk' in the U.S. and Europe, which could certainly trigger some pick-up in volatility from the current very low levels," said Lee Hardman, senior currency analyst at MUFG. He added there were reasons why the major events could, in isolation, each leave markets unmoved. In the United States, Federal Reserve Chair Jerome Powell testifies before lawmakers on Wednesday and Thursday, and then there is U.S payrolls data on Friday, with forecasts pointing to a still-solid rise of 200,000 after January's barnstorming 353,000 jump. This week also sees "Super Tuesday", the biggest day in the calendar of U.S. presidential primaries. "Payrolls could be the bigger mover as Powell is likely comfortable with current market pricing for Fed cuts, while if we get another strong payrolls after the last blowout report that could affect market expectations (for Fed policy)," Hardman said. RATE EXPECTATIONS At the start of 2024, markets were pricing in substantial interest rate cuts early this year, but traders have since reduced such bets. Pricing in derivatives markets now reflect expectations the first Fed cut will come in June, with three to four 25 basis point cuts this year, not far from the Fed's projections published in December. As expectations for other central banks, notably the European Central Bank and Bank of England, have moved in near lockstep, currency volatility - partly dependent on changing interest rate differentials - has been strikingly low, and is at its lowest level since the start of the war in Ukraine. The British budget is due on Wednesday, and Finance Minister Jeremy Hunt has been trying to dampen speculation about big pre-election tax cuts. The European Central Bank (ECB) meets on Thursday. Most ECB policymakers have been cautious about suggesting that they will be cutting interest rates soon. Hardman said last week's stronger-than-expected euro zone inflation data meant the ECB would be unlikely to say anything at this week's meeting to cause markets to bring forward expectations of the first rate cut, currently seen in June. The Swiss franc jumped briefly after Swiss February inflation came in a fraction higher than expected at 1.2% compared to the previous year, though still lower than January's level and well within the Swiss National Bank's 0-2% target range. The currency gave back some of those knee-jerk gains and versus the franc, the dollar was up 0.09% at 0.8837 francs and the euro gained 0.23% to 0.9594.. The Australian dollar was down a whisker at $0.6524 with traders awaiting local GDP data Wednesday. Given Australia's close economic links with China, the currency will also be shaped by China's annual parliament meeting which begins Tuesday, and at which authorities will announce the GDP goal and are expected to unveil moderate economic stimulus plans. (Reporting by Kevin Buckland in Tokyo and Alun John in London; ; Editing by Michael Perry, Bernadette Baum and Alex Richardson)... - Reddit Posts (Sample): [['u/asphodyne', 'Fact check these assertions about Voyager bankruptcy tax treatment', 19, '2024-03-31 01:00', 'https://www.reddit.com/r/Invest_Voyager/comments/1brwecy/fact_check_these_assertions_about_voyager/', '1. VGX was liquidated at 8.5 cents per token on 6/4/2023. If your cost basis is higher, this results in a capital loss taken for tax year 2023.\n2. BTC and ETH and USDC were returned in-kind. There is no loss or gain until you sell. However the cost basis of these assets increased as a result of the bankruptcy recovery process.\n3. Future recoveries, withheld pending litigation, will not be distributed in-kind. They will be paid out in USD.\n4. If future recoveries are paid out in USD, this means that the tax treatment will be ordinary income in the year of future recovery, resulting in a less favorable tax treatment in most jurisdictions.\n\nAre all these statements true?', 'https://www.reddit.com/r/Invest_Voyager/comments/1brwecy/fact_check_these_assertions_about_voyager/', '1brwecy', [['u/LeftAct8968', 13, '2024-03-31 03:20', 'https://www.reddit.com/r/Invest_Voyager/comments/1brwecy/fact_check_these_assertions_about_voyager/kxc55vi/', 'I just wanted to comment f Steve. Good luck 😂', '1brwecy']]], ['u/AxmKap', 'My Story / Crypto Ray', 321, '2024-03-31 01:03', 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/', "I was on a flight home from Frankfurt Nov-2021 sitting next to a guy named Ray and he was on his laptop looking at all these graphs related to various crypto currencies. We started chatting and he told me all about BTC. We probably went on for a few hours and he answered all my questions.\n\nFast forward about a week and I texted him that I bought my first piece of Bitcoin. Now obviously this was right off the former high and I spent 2022 questioning myself. But I never gave up - was only buying small increments because I needed money to get a place to live and more or less survive.\n\nNow my balance is about $8,600. I know that's peanuts compared to most of you but that's also about $4,600 profit I didn't have previously. Just wanted to share my story. Living expenses are a little tight and can't buy as much as I would like but enjoying the ride now after being negative all of 2022. 🙂 I returned to Frankfurt last year to visit so now the city holds dear to me and I haven't contacted Ray since the beginning but he will always be Crypto Ray. 😆", 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/', '1brwgc5', [['u/marcio-a23', 33, '2024-03-31 01:31', 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/kxby4pb/', 'Hodl this is going 10x soon', '1brwgc5'], ['u/anthonyevans777', 115, '2024-03-31 01:39', 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/kxbza79/', 'Crypto ray gone change ya life when you see $80k in your account', '1brwgc5'], ['u/AxmKap', 23, '2024-03-31 01:42', 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/kxbzn5v/', 'He\'s my "Mark Hanna". 😆😆', '1brwgc5'], ['u/AxmKap', 20, '2024-03-31 01:43', 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/kxbztup/', 'No plans to sell. 👍', '1brwgc5'], ['u/KiNGMF', 11, '2024-03-31 03:09', 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/kxc3myp/', 'to think I missed the lows during 2020-2021 😞', '1brwgc5'], ['u/Melbonaut', 50, '2024-03-31 03:09', 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/kxc3nms/', "If you've still got his details, msg him. He'll be stoked you've named him crypto Ray I'm sure.", '1brwgc5'], ['u/Deathdar1577', 16, '2024-03-31 03:42', 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/kxc8e48/', 'There will be future lows. Prepare now for them.', '1brwgc5'], ['u/LuLzWire', 18, '2024-03-31 04:13', 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/kxccsu3/', 'Reminds me of when I was in a Car Dealership with a friend and my now ex about 6 years ago. Him and I were talking about crypto and one of the sales guys started talking with us... we told him all about it and he said he would go home and check it out. I gave him my number and told him to call me if he ever wanted to talk. About two years ago he called me thanking me because after our talk he put some money in and was doing very well now. He then started asking about a few random meme coins, I tried steering him true to the wind.. but not sure if he listened or nae... maybe in a couple more years Ill get another call.', '1brwgc5'], ['u/Sodo2024', 10, '2024-03-31 05:28', 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/kxcmrjg/', 'Telling people about BTC is like telling them about Jesus. People won’t believe until they experience it for themselves.', '1brwgc5'], ['u/Appropriate-Tank4789', 13, '2024-03-31 10:39', 'https://www.reddit.com/r/Bitcoin/comments/1brwgc5/my_story_crypto_ray/kxdfzaq/', 'I used to work in a small company in the US. Back in 2014 I started to buy some BTC after I read a story about a guy in UK who cashed out his BTC and bought a house. I shared my purchases with my coworkers in the company but none of them bought any when I left the company in 2018. They always asked me how BTC was performing but no one was interested in it. I guess now they maybe regretting not buying it in early days.', '1brwgc5']]], ['u/rundown03', 'This is only the 4th halving of many to come.', 502, '2024-03-31 01:18', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/', "But here's the kicker: we've only just hit the 4th one. That means we've got a whopping 29 more halvings ahead of us. A total of 33 halvings. That's a road stretching out into the future so far, we can't even see where it ends. Our mortal bodies won't allow us. Bitcoin will just continue to work forever.\n\nSure, Bitcoin has made headlines and drawn attention, but let's not forget that most people haven't even dipped their toes into it yet. There's still a whole world of potential waiting to be tapped. Just imagine all the companies fomoing into the ETF right when the next rip up will happen.\n\nSo, as we gear up for this next halving, let's remember: this is just the beginning. We're embarking on a journey with Bitcoin that's going to last for decades. And the best part? We're only getting started.\n\nThe people telling you we're early are indeed correct. ", 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/', '1brwsbs', [['u/haplo_and_dogs', 392, '2024-03-31 01:31', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxby03w/', "Each halving is half as important.\n\n\nIt's like radioactive decay.\xa0 \xa0Every halving in the future summed together is vastly less important than a single halving that has already occurred.", '1brwsbs'], ['u/AGROCRAG004', 94, '2024-03-31 01:54', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxc1euc/', 'If this is truly your 4th time, there’s no way you’re not at least a millionaire by now right?', '1brwsbs'], ['u/InclineDumbbellPress', 873, '2024-03-31 01:54', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxc1g6b/', 'Look dude Im just trying to make it through the weekend', '1brwsbs'], ['u/WalterClements1', 31, '2024-03-31 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxc1vz8/', 'I can’t even plan ahead for tomorrow let alone the future man', '1brwsbs'], ['u/JynsRealityIsBroken', 68, '2024-03-31 03:02', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxc2n3h/', 'Probably bought high, sold low each time', '1brwsbs'], ['u/distressedacorn', 170, '2024-03-31 03:05', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxc33tp/', "“I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve.”", '1brwsbs'], ['u/distressedacorn', 21, '2024-03-31 03:08', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxc3hvh/', "We'll all be dead before the 29th halving, and that's assuming that quantum computers haven't made crypto irrelevant by then.", '1brwsbs'], ['u/FoozMuz', 28, '2024-03-31 03:12', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxc416r/', 'I met a guy on his 4th cycle now and has gotten nowhere. Simply built different.', '1brwsbs'], ['u/alander4', 29, '2024-03-31 03:19', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxc52q0/', 'That quote is precious to me', '1brwsbs'], ['u/r66yprometheus', 28, '2024-03-31 03:19', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxc53pt/', "The next 10 years are going to be mass accumulation. By the end of it, there will only be about 4.75% of the total supply remaining. This last 1M btc remaining is when true scarcity will be seen.\n\nFrom what I've read, you have 10 years to load the boat, and then it will be too late for generational wealth.", '1brwsbs'], ['u/Smart-Racer', 33, '2024-03-31 03:26', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxc60mg/', 'Halving is every time I buy something', '1brwsbs'], ['u/tiletap', 44, '2024-03-31 03:31', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_of_many_to_come/kxc6sfk/', "I'm not convinced there's another way", '1brwsbs'], ['u/RevolutionaryPie5223', 38, '2024-03-31 03:33', 'https://www.reddit.com/r/CryptoCurrency/comments/1brwsbs/this_is_only_the_4th_halving_o... 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 cryptocurrency has surged in popularity in recent years, only a minority of Americans have actually traded it. Among themost popular cryptosareBitcoin, Ethereum and Cardano, each of which has seen a lot of action as prices rise and fall. The appeal for traders? The potential to make significant money on the volatility of these highly speculative assets.\nIncreasingly, traders have more and more ways to accesscryptocurrencies. New exchanges and trading platforms have started in response to the wide interest in crypto. In fact, you may already have an app on your phone that lets you trade. For example, if you have the PayPal or Venmo apps, you can buy and sell at least a few different cryptocurrency coins. But other apps and exchanges give you access to a wider selection of cryptocurrency — there are literally thousands — or they offer other benefits such as lower cost.\nBelow are some of the top apps and exchanges for crypto trading and some of the key things you need to know.\nThe platforms below include specialized crypto exchanges,online brokers, and cash and payment apps. We’ve included pricing as well as how many coins you’re able to trade, so you can get a sense of the scope of each app or exchange.\nIf you’re interested in trading the largest cryptocurrency, Bitcoin, exclusively, it may not make sense to go with an app that offers you dozens of other coins. On the other hand, if you’re looking to trade whatever is hot at the moment, consider an app or exchange with more variety.\nBinance.US, which is the American arm of the larger Binance organization, is one of thebest crypto exchangesbecause of its low trading costs. Bitcoin traders can access commission-free trades, while other coins are priced on a sliding scale for high-volume traders. Plus, if you use Binance’s in-house coin, BNB, to pay trading fees, you’ll get a discount of 5 percent.\nYou’ll also be able to trade more than 150 different cryptocurrencies at Binance, so you shouldn’t have any trouble finding what you’re looking for, especially if you just want to trade the most popular coins.\nTheSEC sued Binance in June 2023, alleging that it had illegally operated as an exchange, broker-dealer and clearing agency and offered and sold unregistered securities. The lawsuit also accused Binance and founder Changpeng Zhao of misusing customer funds. SEC Chair Gary Gensler warned of using Binance platforms, while Binance said customers’ assets are safe.\nIn November 2023, Binance and Zhao pleaded guilty to separate federal charges and agreed to pay $4.3 billion in fines. Zhao also agreed to step down as CEO of Binance. The SEC’s case is ongoing.\n• Cost:Free for Bitcoin, but fees for less-common coins start at 0.57 percent and decline for high-volume traders. A 5 percent discount is available if you pay trading fees with BNB.\n• Coins available to trade:More than 150 coins including Bitcoin, Ethereum, Solana, Cardano and more\nCoinbaseis a specialized cryptocurrency exchange that allows you to trade a bunch of digital currencies, hundreds at the latest count. That range will likely scratch your crypto itch, since it includes most of the top coins, including Bitcoin, of course. But what will you pay for using the basic service? Unfortunately, Coinbase has become cagier about what you’ll pay to trade, recently obscuring the fee structure on its website.\nWhen it was visible, the fee structure was complex, to say the least. You’d pay a spread markup of about 0.5 percent and a transaction fee that depended on the size of the transaction and the funding source. For Coinbase Advanced Trade, you’ll pay fees that start at 0.6 percent for 30-day volume under $10,000 and decline to as low as 0.15 percent for up to $100,000 in volume and then head even lower.\nTheSEC sued Coinbase in June 2023, alleging it had illegally operated as an exchange, broker-dealer and clearing agency, and offered and sold unregistered securities. The lawsuit said Coinbase knowingly violated securities laws that are designed to protect investors. Coinbase said it would continue to operate its business as usual.\n• Cost:Typically at least 1.99 percent (lower with Coinbase Advanced Trade)\n• Coins available to trade:Hundreds, including Bitcoin, Ethereum, Cardano and Solana\nThe brokereTorois all crypto, all the time (at least for American traders, though others can trade stocks). At eToro, you’ll have access to about 25 cryptocurrencies, including quite a few, such as Tezos, Uniswap and Polygon, that you won’t normally find on the traditional brokerage apps. The app doesn’t charge a direct commission but rather a flat spread markup of 1 percent, regardless of which coin you purchase or how much.\n• Cost:Commission-free, but spread markup of 1 percent\n• Coins available to trade:25 cryptos, including Bitcoin, Ethereum,Dogecoinand more\nKrakenis another specialized cryptocurrency exchange that lets you trade a ton of different coins, including the most popular as well as some (Solana, Uniswap, Cardano and more) that are not typically available on the usual financial apps. In total, the exchange supports trading in more than 230 cryptos. Kraken does not offer its service to residents of New York and Washington state.\nCommissions on Kraken Pro are competitive, ranging from 0.16 to 0.26 percent at the lowest volume levels and declining to a range of 0 to 0.1 percent with volume of $10 million or more in the last 30 days.High-net-worth traderscan also accessmargin trading, increasing their buying power (and risk). While you can deposit money via ACH for free into Kraken, debit or credit card transactions incur a 3.75 percent fee plus 25 cents, and you can get hit with a 0.5 percent online banking processing fee if you fund through a bank, at last check.\nIn November 2023, the SEC charged Kraken with illegally operating an unregistered securities exchange, broker, dealer and clearing agency. The SEC alleges that Kraken’s business practices, including commingling customers’ money with its own, presents a significant risk to customers. Kraken disputes the allegations and is fighting the charges in court.\n• Cost:Fees start at 0.26 percent, plus fees for cards and online banking\n• Coins available to trade:236 of them, including Bitcoin, Ethereum, Solana and Uniswap\nYou may knowRobinhoodfor its slick trading app for stocks, options and ETFs, but it’s also expanded into cryptocurrencies. Plus, it brings its no-commission structure to the crypto world. Although trading may look free, Robinhood charges a spread markup rather than a direct commission, meaning that the costs are built into a coin’s buy or sell price. You can get started almost immediately with Robinhood’s instant transfer feature, so it’s just download and go.\n• Cost:$0, or commission-free, but there’s a spread markup\n• Coins available to trade:15 of them (some aren’t available in all states), including Bitcoin, Dogecoin andEthereum\nWebullmay not be the poster child for trading apps, but its feature set feels a step above Robinhood’s. Like its well-known rival, Webull offers stocks, options, ETFs and cryptocurrencies with no out-of-pocket commission. And similarly, Webull works on a spread markup for its crypto trades, so your cost is built into the trade. Webull moved its crypto trading to a separate app called Webull Pay and offers trading in basic coins.\n• Cost:Commission-free, but spread markup of 1 percent (100 basis points)\n• Coins available to trade:8 different types, including Bitcoin, Ethereum and Shiba Inu\nWhen you think of cryptocurrency, you might not think ofCash Appat first. The financial app is known more for its cash management account or even its ability to trade stocks and ETFs. But it also offers the ability to trade crypto, albeit only one — Bitcoin. While you can send Bitcoin to other users for free, Cash App charges what it calls a “small fee” for trading the coin, which it will disclose before you place the trade. That’s in addition to a spread markup built into the trade itself. Unfortunately, it doesn’t disclose its exact fee structure.\n• Cost:Spread markup plus a trading fee\n• Coins available to trade:Only Bitcoin\nLike Cash App, you may already havePayPalinstalled on your phone and, if so, you could be up and running with trading cryptocurrency in literally seconds from now. PayPal charges a fee for any trade and also prices in a spread markup on trades. The fee starts at 49 cents for trades under $5, then gradually rises to $2.49 for trades up to $200. It then switches to a percentage that declines to as low as 1.5 percent for trades over $1,000. Helpfully, PayPal lists its fee structure plainly for all to see. PayPal’s sister app Venmo offers the same services on similar terms.\n• Cost:Spread markup of about 0.5 percent plus a trading fee that starts at 49 cents and declines to 1.5 percent\n• Coins available to trade:Four different cryptos — Bitcoin, Ethereum, Litecoin and Bitcoin Cash\nThe best crypto trading app or exchange for you depends on your needs. If you’re looking to trade a wide range of digital currencies, consider an app or exchange that allows you to do so. But if you prefer to stick mainly to the major ones such as Bitcoin, Ethereum and a handful of others, then many of the platforms mentioned here can get the job done. But cost is an important consideration as well, so keep that in mind before opening an account.\nEditorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.', 'Trillions in currency are zipping around the world, 24 hours a day, five days a week, making the foreign exchange (also known as forex or fx) markets the world’s most active. Fortunes can be won and lost quickly, as brokers routinely let traders borrow heavily to finance their speculation **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: 2024-04-01 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,371,652,787,694 - Hash Rate: 619839817.691122 - Transaction Count: 326410.0 - Unique Addresses: 648777.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.79 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • Closed Generate Capital Acquisition, Paving Path to 50 EH/s • Signed Agreement with Hut8 To Assume Full Control of New Sites by April 30 • Increased Energized Hash Rate7%M/M to26.4EH/s • BTC Holdings15,741and Total Cash & BTC of $1.0B as of January 31, 2024 Fort Lauderdale, FL, Feb. 05, 2024 (GLOBE NEWSWIRE) --Marathon Digital Holdings, Inc.(NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin (“BTC”) production and miner installation updates for January 2024. Management Commentary “In January, we increased our energized hash rate 7% to 26.4 exahash as our team worked to address several temporary disruptions that negatively impacted our production,” said Fred Thiel, Marathon’s chairman and CEO. “These disruptions included weather-related curtailment and equipment failures that led to site outages and reduced our average operational hash rate 14% to 19.3 exahash in January. Additionally, total network rewards decreased 14% month-over-month as transaction fees, which spiked in the prior month and represented 22% of our overall production in December, declined to 11% of our overall production in January. As a result, we produced 1,084 BTC in January, 42% less than we produced in December. Our team is addressing the short-term disruptions and working to bring our sites back to full strength. We expect hash rate to improve over the next few weeks. “While our team began addressing these domestic challenges, we also made notable progress internationally. In collaboration with our regional partner, we completed the construction and energization all 250 megawatts of our joint venture in Abu Dhabi, which is among the most technologically advanced immersion deployments globally and operates at nearly 100% uptime. At the same time, we continued executing our joint venture in Paraguay. This deployment now has 2,100 miners, or 0.3 exahash, operational, and we continue to expect the full 1.1 exahash to be online in Q2 2024. “After closing the acquisition of the data centers in Granbury, Texas and Kearney, Nebraska in January, we announced last week that we would be terminating Hut8 as the operator of these sites and we intend to assume full operational control ourselves by April 30. By directly owning and operating these sites, we believe we can reduce our operating fees, thereby improving our cost to produce bitcoin, more effectively participate in energy hedging and other energy management services and streamline the implementation of our proprietary technology to improve operational efficiency. “We have already added another 0.9 exahash of capacity at our newly owned facility in Granbury, Texas, and we expect progress to accelerate as we gain more operational influence. As we closed the acquisition, our team immediately began engaging with the local community in Granbury, and we look forward to a long and mutually beneficial relationship. With the acquisition closed and seven exahash of miners on order and almost entirely paid, we have a clear path to grow our hash rate another 30% this year and reach 50 EH/s by the end of 2025.” Operational Highlights and Updates Figure 1: Operational Highlights [["Bitcoin Produced", "", "", "1,084", "", "", "", "687", "", "", "", "58", "%", "", "", "1,084", "", "", "", "1,853", "", "", "", "-42", "%"], ["Average Bitcoin Produced per Day", "", "", "35.0", "", "", "", "22.2", "", "", "", "58", "%", "", "", "35.0", "", "", "", "59.8", "", "", "", "-42", "%"], ["Share of Available Miner Rewards1", "", "", "3.5", "%", "", "", "2.3", "%", "", "", "52", "%", "", "", "3.5", "%", "", "", "5.1", "%", "", "", "-31", "%"], ["Number of Blocks Won5", "", "", "140", "", "", "", "68", "", "", "", "106", "%", "", "", "140", "", "", "", "222", "", "", "", "-37", "%"], ["Transaction Fees as % of Total5", "", "", "11.4", "%", "", "", "2.3", "%", "", "", "396", "%", "", "", "11.4", "%", "", "", "21.8", "%", "", "", "-48", "%"], ["Energized Hash Rate (EH/s)2", "", "", "26.4", "", "", "", "7.3", "", "", "", "262", "%", "", "", "26.4", "", "", "", "24.7", "", "", "", "7", "%"], ["Average Operational Hash Rate (EH/s)3", "", "", "19.3", "", "", "", "5.7", "", "", "", "239", "%", "", "", "19.3", "", "", "", "22.4", "", "", "", "-14", "%"], ["Installed Hash Rate (EH/s)4", "", "", "26.7", "", "", "", "11.0", "", "", "", "143", "%", "", "", "26.7", "", "", "", "25.2", "", "", "", "6", "%"]] 1. Defined as the total amount of block rewards including transaction fees that Marathon earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period. 2. Defined as the amount of hash rate that could theoretically be generated if all miners that have been energized are currently in operation including miners that may be temporarily offline. Hash rates are estimates based on the manufacturers’ specifications. All figures are rounded. 3. Defined as the average hash rate that was actually generated during the month from all operational miners. All figures are estimates and are rounded. 4. Defined as the sum of energized hash rate (see above) and hash rate that has been installed but not yet energized. Hash rates are estimates based on the manufacturers’ specifications. All figures are rounded. 5. These metrics are MaraPool only, do not include the joint ventures Approximately 13,700 of Marathon’s Bitcoin miners (c. 1.6 EH/s) were energized in January. This energization helped increase the Company’s operating fleet by 7% to approximately 212,900 Bitcoin miners, capable of producing approximately 26.7 EH/s, according to the manufacturer’s specifications as of January 31, 2024. Figure 2: Operational Details by Site [["Site", "", "State", "", "Host", "", "Jan 2024", "", "", "Dec 2023", "", "", "Jan 2024", "", "", "Dec 2023", "", "", "Jan 2024", "", "", "Dec 2023", "", "", "Jan 2024", "", "", "Dec 2023", ""], ["McCamey", "", "TX", "", "US Bitcoin", "", "", "7.7", "", "", "", "7.7", "", "", "", "7.7", "", "", "", "7.7", "", "", "", "6.4", "", "", "", "7.1", "", "", "", "82", "%", "", "", "92", "%"], ["Ellendale", "", "ND", "", "Applied", "", "", "7.8", "", "", "", "7.8", "", "", "", "7.8", "", "", "", "7.8", "", "", "", "4.0", "", "", "", "7.4", "", "", "", "51", "%", "", "", "95", "%"], ["Garden City", "", "TX", "", "Applied", "", "", "4.5", "", "", "", "4.5", "", "", "", "4.5", "", "", "", "4.5", "", "", "", "3.8", "", "", "", "3.6", "", "", "", "83", "%", "", "", "80", "%"], ["Granbury", "", "TX", "", "US Bitcoin", "", "", "2.8", "", "", "", "1.9", "", "", "", "2.8", "", "", "", "1.9", "", "", "", "2.2", "", "", "", "1.9", "", "", "", "78", "%", "", "", "99", "%"], ["Jamestown", "", "ND", "", "Applied", "", "", "1.4", "", "", "", "1.4", "", "", "", "1.4", "", "", "", "1.4", "", "", "", "1.3", "", "", "", "1.2", "", "", "", "90", "%", "", "", "86", "%"], ["All Other", "", "", "", "Various", "", "", "2.7", "", "", "", "1.3", "", "", "", "2.2", "", "", "", "1.3", "", "", "", "1.8", "", "", "", "1.1", "", "", "", "82", "%", "", "", "83", "%"], ["Total", "", "", "", "", "", "", "26.9", "", "", "", "24.6", "", "", "", "26.4", "", "", "", "24.6", "", "", "", "19.3", "", "", "", "22.3", "", "", "", "73", "%", "", "", "90", "%"]] As of January 31, the Company holds a total of 15,741 unrestricted BTC. With a substantial cash position at year-end 2023, Marathon opted not to sell any bitcoin in January and instead purchased an additional 183.5 bitcoin at an average price of $39,738. The Company intends to continue to sell a portion of its bitcoin holdings in future periods to support monthly operations, manage its treasury, and for general corporate purposes. Financial Highlights and Updates Figure 3: Financial Highlights [["Metric", "", "1/31/2024", "", "", "1/31/2023", "", "", "% \u0394", "", "", "1/31/2024", "", "", "12/31/2023", "", "", "% \u0394", ""], ["Total Cash, Cash Equivalents, & Restricted Cash ($, in millions)", "", "", "318.9", "", "", "", "142.6", "", "", "", "124", "%", "", "", "318.9", "", "", "", "356.8", "", "", "", "-11", "%"], ["Unrestricted Cash", "", "", "318.9", "", "", "", "133.8", "", "", "", "138", "%", "", "", "318.9", "", "", "", "356.8", "", "", "", "-11", "%"], ["Restricted Cash", "", "", "0.0", "", "", "", "8.8", "", "", "", "-100", "%", "", "", "0.0", "", "", "", "0.0", "", "", "", "NA", ""], ["Total BTC Holdings (in whole numbers)", "", "", "15,741", "", "", "", "11,419", "", "", "", "38", "%", "", "", "15,741", "", "", "", "15,174", "", "", "", "4", "%"], ["Unrestricted BTC Holdings", "", "", "15,741", "", "", "", "8,091", "", "", "", "95", "%", "", "", "15,741", "", "", "", "15,174", "", "", "", "4", "%"], ["Restricted BTC Holdings", "", "", "0", "", "", "", "3,328", "", "", "", "-100", "%", "", "", "0", "", "", "", "0", "", "", "", "NA", ""], ["Pledged BTC Holdings", "", "", "700", "", "", "", "0", "", "", "", "NA", "", "", "", "700", "", "", "", "0", "", "", "", "NA", ""]] Marathon held $318.9 million in cash and cash equivalents on its balance sheet at month end, all of which was unrestricted. On January 31, 2024, the combined balance of unrestricted cash and cash equivalents and bitcoin was $988.7 million. The transactionto acquire two operating sites from Generate Capitalclosed on January 12, 2024 for approximately $178.6 million in cash, excluding customary working capital related purchase price adjustments. In anticipation of the next Bitcoin network halving, the Company continues to build liquidity on the balance sheet to capitalize on strategic opportunities, including industry consolidation. Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the SEC on Mar... - Reddit Posts (Sample): [['u/zrad603', "Think we can fill a BCH block? Let's fill block 840,000 (The halving block)", 31, '2024-04-01 00:19', 'https://www.reddit.com/r/btc/comments/1bsmp92/think_we_can_fill_a_bch_block_lets_fill_block/', "The unfortunate thing about BCH, is even though the blocksize is bigger, the BTC blockchain actually gets more actual use. Let's try to fill a BCH block. The BCH halving is coming up this week, block 840,000 is currently estimated to be mined on early morning April 3rd. (Maybe even April 2nd) To celebrate, maybe we can try to fill that block. \n\nThe moment Block 839,999 gets mined, we can all send a bunch of small BCH transactions. Maybe we can even post BCH addresses on this subreddit and send a couple cents of BCH to each other. \n\n\nIs this a stupid idea? ", 'https://www.reddit.com/r/btc/comments/1bsmp92/think_we_can_fill_a_bch_block_lets_fill_block/', '1bsmp92', [['u/LovelyDayHere', 20, '2024-04-01 00:28', 'https://www.reddit.com/r/btc/comments/1bsmp92/think_we_can_fill_a_bch_block_lets_fill_block/kxgmwlg/', '> Is this a stupid idea?\n\nTakes a lot of transactions to fill a block, but the problem is: You don\'t get to choose the size of block mined, that\'s up to whichever miners solves that "magic number" block...\n\nIt could be a 4MB block, an 8MB block, 16MB, 32MB or even a block found rapidly after the previous where the miner hasn\'t seen all the BCH transactions and so doesn\'t include them.\n\nYou\'d be extremely lucky to get a full 32MB block mined, because not all miners mine with that setting as their soft cap.\n\nI think the only way is if some miner would like to participate and help ensure a full block is mined, but even they cannot guarantee they\'ll be the first.\n\nExercise: Find all miners who have mined a full 32MB block in the past.', '1bsmp92'], ['u/siddsp', 20, '2024-04-01 00:33', 'https://www.reddit.com/r/btc/comments/1bsmp92/think_we_can_fill_a_bch_block_lets_fill_block/kxgnnf5/', "You're free to make as many transactions as you want. You can choose to fill a block. The network is permissionless.", '1bsmp92']]], ['u/publicclassobject', 'In your opinion, is Web3 a resume red flag?', 196, '2024-04-01 00:26', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/', 'I have an attractive offer to join a Web3 startup. It’s backed by a tier-1 VC and the team is mostly from FAANG-tier companies. I believe they have a genuinely compelling use case for blockchain.\n\nI’m not really a big crypto bro or anything. I don’t even own any bitcoin or eth. I’ve always thought decentralization was super cool in theory, but have been turned off by the grifty/cringey culture surrounding the tech. \n\nI currently have a decade at a FAANG on my resume and am getting the itch to try a start up. \n\nOne hang up I have is that future employers might get a negative perception from crypto on my resume. \n\nWhat do you guys think? ', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/', '1bsmv9f', [['u/Ok-Entertainer-1414', 40, '2024-04-01 00:31', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgne7y/', "It'd be a yellow flag for me but not insurmountable. I probably would probe around it a bit in an interview, but if the company's not doing something scammy like NFTs, and you can explain why blockchain plausibly was a good use case for whatever problem this software solves, I wouldn't hold it against you", '1bsmv9f'], ['u/potatolicious', 237, '2024-04-01 00:37', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgo8c2/', 'Yellow flag. Candidate could still be a solid engineer, but I’d have questions about product sense and judgment. \n\nThe yellow flag shifts a bit towards red for more senior and staff roles, where I put a much greater emphasis on sound judgment. I’d have some hard questions about the product and their role in defining it, as well as how they determine product need, technology choice, and measures of success. \n\nColor me skeptical about “we are an *actually* useful and not fraudulent use of blockchain” as a claim. Hundreds of companies have made the claim and not a one has panned out.', '1bsmv9f'], ['u/lightmatter501', 220, '2024-04-01 00:39', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgolul/', 'Will you actually be paid in a currency you can do taxes in? Many crypto companies want to pay in crypto. \n\nIf all goes well, yellow flag. But if it turns into a flaming trash heap while you are there that alone might get your resume tossed. FTX sponsored a sports stadium and turned out to be a scam, so don’t assume it’s too big to be a scam. \n\nI would look for a startup in a less scam-rich area of the industry if I were you.', '1bsmv9f'], ['u/publicclassobject', 84, '2024-04-01 00:43', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgp83i/', 'There is a Token component to the compensation, but base salary is paid in USD. The base is very competitive. Between 250-300k cash fully remote in the US.', '1bsmv9f'], ['u/lightmatter501', 65, '2024-04-01 00:48', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgpzim/', 'Have you talked with someone about what that is going to do to your taxes? Since most cryptocurrencies are not securities they have funny tax implications, and 250-300k puts you in the IRS’s favorite class to audit.', '1bsmv9f'], ['u/Main-Drag-4975', 25, '2024-04-01 00:52', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgqlhw/', 'If said Google product seemed to have likely been a scam from the beginning then yeah, we would.', '1bsmv9f'], ['u/publicclassobject', 40, '2024-04-01 00:54', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgqxnw/', 'Yeah. They have it set up so you can file an 83B before the network launches when the tokens have negligible value. Then you just owe capital gains when you sell.', '1bsmv9f'], ['u/Schmittfried', 13, '2024-04-01 00:56', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgr7pc/', 'To offer a different perspective, I‘d actually find you more interesting.\xa0', '1bsmv9f'], ['u/Onsquared', 14, '2024-04-01 01:02', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgs68u/', 'It depends on the type of work you are doing.\n\nIf you are cloning an existing contract, or making an other animal or food-inspired coin stay away. \n\nProductizing Web3 requires the patterns used for scaling standard microservices as well. So if you work on productization you will have a truly impressive resume.\n\nI have Web3 work on my resume(Eth based), and when I talk about my experience with smart contracts etc folks, seem fascinated by the work I did. \n\nI feel blockchain and web3 has some solid technology behind it. All the speculation has been a distraction from the core technology and the purpose blockchains were built. The space is truly fascinating with some interesting use cases such as lending( Maker DAI etc), decentralized exchanges(DEX), and more. \n\nIf you believe in the idea and team, go for it.\n\nGood luck!', '1bsmv9f'], ['u/United_Cat_3317', 31, '2024-04-01 01:05', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgsnz5/', 'I don’t even care… Money is money. I’d assume you did it for financial reasons.', '1bsmv9f'], ['u/huhblah', 21, '2024-04-01 01:08', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgt6pj/', ">I\xa0believe they have a genuinely compelling use case for blockchain\n\n\nSo they've either broken ground for the first time in 15 years and will finally succeed where literally everyone else has failed, or this is gonna end up as a massive red flag on your resume.", '1bsmv9f'], ['u/potatolicious', 13, '2024-04-01 01:10', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgtj0n/', 'Well, if the shitty Google product turned out to have been a massive scam, then yeah, I would have questions for the candidate about when they discovered that their work was a scam, and what they chose to do about that knowledge.', '1bsmv9f'], ['u/valadil', 229, '2024-04-01 01:20', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgv1ok/', 'Blockchain always struck me as a solution looking for a problem. If the company has a good use case for it, good for them.', '1bsmv9f'], ['u/tfehring', 90, '2024-04-01 01:22', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgvcrr/', "If it's truly a compelling use case, you should be able to describe the products you're building and the value you're creating without mentioning that the underlying technology is blockchain/web3 at all, making it a non-issue. If you can't describe why the startup's work matters without mentioning that it's trustless or decentralized or whatever, I would steer clear.", '1bsmv9f'], ['u/publicclassobject', 22, '2024-04-01 01:23', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgvjj1/', 'That’s a good rule of thumb. The blockchain is really just an implementation detail for these guys. I didn’t even realize there was a blockchain involved until I read their white paper.', '1bsmv9f'], ['u/publicclassobject', 12, '2024-04-01 01:25', 'https://www.reddit.com/r/ExperiencedDevs/comments/1bsmv9f/in_your_opinion_is_web3_a_resume_red_flag/kxgvumd/', 'Haha you should see some of the heists I have seen pull... 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,April 1, 2024/PRNewswire/ --OKX, a leading Web3 technology company, has issued updates forApril 1, 2024.\nOKX Launches 'BTC Farming Points' for Simplified Tracking of Points and Airdrops Across MultipleDApps\nOKXtoday announced the launch of its 'BTC Farming Points,' a feature that consolidates points and rankings from various BTC ecosystem projects into one convenient location, enhancing user engagement and making it easier for users to track their achievements across multiple BTC protocols - including those belonging to the ecosystems ofMerlin Chain,BEVm,BounceBit,B² NetworkandTuna Chain.\n'BTC Farming Points' is particularly beneficial for users who actively participate in airdrops and point farming across multipleDApps. Now, users can easily track their progress without the need to visit eachDAppindividually, effectively saving time and improving efficiency. To access 'BTC Farming Points,' users simply need to navigate to their OKX Wallet, select 'More' and then choose 'Farming Points'.\nThis announcement follows the recent launch of OKX's 'SolanaPoints Dashboard,' enabling the consolidation of points and rankings from multipleSolanaDAppsin one place.\nFor more information, please visit theOKX Support Center.\nFor further information, please contact:[email protected]\nAbout OKX\nA leading global technology company driving the future of Web3,\xa0OKX 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 versatilecryptowallet which gives users access to over 85 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-chaindecentralizedexchange aggregator of 400+ other DEXs and approximately 20 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• Web3DeFi: A powerfulDeFiplatform 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 driverDaniel 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 informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal with 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.\nView original content to download multimedia:https://www.prnewswire.com/news-releases/flash-news-okx-launches-btc-farming-points-for-simplified-tracking-of-points-and-airdrops-across-multiple-dapps-302105012.html\nSOURCE OKX", "SINGAPORE,April 1, 2024/PRNewswire/ --OKX, a leading Web3 technology company, has issued updates forApril 1, 2024.\nOKX Launches 'BTC Farming Points' for Simplified Tracking of Points and Airdrops Across MultipleDApps\nOKXtoday announced the launch of its 'BTC Farming Points,' a feature that consolidates points and rankings from various BTC ecosystem projects into one convenient location, enhancing user engagement and making it easier for users to track their achievements across multiple BTC protocols - including those belonging to the ecosystems ofMerlin Chain,BEVm,BounceBit,B² NetworkandTuna Chain.\n'BTC Farming Points' is particularly beneficial for users who actively participate in airdrops and point farming across multipleDApps. Now, users can easily track their progress without the need to visit eachDAppindividually, effectively saving time and improving efficiency. To access 'BTC Farming Points,' users simply need to navigate to their OKX Wallet, select 'More' and then choose 'Farming Points'.\nThis announcement follows the recent launch of OKX's 'SolanaPoints Dashboard,' enabling the consolidation of points and rankings from multipleSolanaDAppsin one place.\nFor more information, please visit theOKX Support Center.\nFor further information, please contact:[email protected]\nAbout OKX\nA leading global technology company driving the future of Web3,\xa0OKX 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 versatilecryptowallet which gives users access to over 85 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-chaindecentralizedexchange aggregator of 400+ other DEXs and approximately 20 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• Web3DeFi: A powerfulDeFiplatform 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 driverDaniel 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 informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal with 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.\nView original content to download multimedia:https://www.prnewswire.com/news-releases/flash-news-okx-launches-btc-farming-points-for-simplified-tracking-of-points-and-airdrops-across-multiple-dapps-302105012.html\nSOURCE OKX", "• US stocks traded mostly lower on Monday following the release of strong economic data.\n• The ISM manufacturing index rose to 50.3 in March, representing the first monthly expansion since 2022.\n• The data poured cold water on hopes for interest rate cuts in June.\nStocks dropped and bond yields spiked on Monday after solid economic data poured cold water on hopes of a June interest rate cut from the Federal Reserve.\nManufacturing activity as measured by the ISM Index jumped to 50.3 in March, well ahead of expectations. The data represented the first monthly expansion in manufacturing since 2022. Component prices also shot up in the ISM report, raising concerns about stubborn inflation.\nIf inflation reaccelerates, the Fed would likely err on the side of caution and postpone its planned interest rate cuts. The probability of a Fed interest rate cut in Junefell below 50%immediately following the ISM report, according to data from Bloomberg.\nProspects for a June interest rate cut were initially higher on Mondayas investors reacted to Friday's release of PCE inflation data,which was in line with expectations.\nHere's where US indexes stood at the 4 p.m. closing bell on Monday:\n• S&P 500:5,243.77, down 0.2%\n• Dow Jones Industrial Average:39,566.85, down 0.6% (241 points)\n• Nasdaq Composite:16,396.83, up 0.1%\nHere's what else happened today:\n• Trump Media stock dropped 26% on Mondayafter the company released updated financial data that showed growing losses.\n• Gold prices hit a record high on Monday to above $2,260 per ounce.The surge comes as investors anticipate interest rate cuts from the Fed.\n• Retail investors are piling into riskier, high-leverage ETFsthat track the stock market amid new record highs.\n• The value of Truth Media and Technology Group does not appear sustainablegiven its paltry revenue and sizable losses, BI's Emily Steward writes.\n• Meme stocks are making a comebackas retail investors start to get more excited about the stock market.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil edged higher by 0.94% to $83.95 a barrel.Brent crude, the international benchmark, jumped by 0.70% to $87.61 a barrel.\n• Goldjumped 1.05% to $2,261.90 per ounce.\n• The 10-year Treasury yield rose 12 basis points to 4.33%.\n• Bitcoindropped by 2.70% to $69,390.\nRead the original article onBusiness Insider", 'The Chinese government has introduced a new public blockchain infrastructure platform led byConflux Network, a multichain blockchain ecosystem under the Conflux Foundation. The platform, called the "Ultra-Large Scale Blockchain Infrastructure Plat **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: 2024-04-02 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,287,493,130,000 - Hash Rate: 611575286.7885739 - Transaction Count: 357709.0 - Unique Addresses: 685496.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.79 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Chinese crypto mining companies are finding a new haven in Ethiopia, drawn by the country's low-cost hydropower and favorable climate,accordingto a recent Bloomberg report. This migration comes as China cracked down on crypto mining in 2021, forcing companies to seek alternative locations. While Ethiopia officially bans cryptocurrency trading, it legalized Bitcoin mining in 2022, opening the door for Chinese investment. Bloomberg's investigation revealed that 19 out of 21 companies partnering with Ethiopia's power monopoly are Chinese. Ethiopia's appeal lies in its abundant hydropower, which powers 92% of its electricity grid, despite nearly half the population lacking access. Its temperate climate also reduces cooling costs compared to hotter hubs like Texas, the current U.S. mining leader. However, some miners resort to disguising their operations as factories or agricultural projects to bypass regulations and secure electricity without official approvals. This strategy comes with risks, as similar setups in Iran and Kazakhstan faced sudden government shutdowns.... - Reddit Posts (Sample): [['u/Old-Cardiologist-545', 'Inflation and dumbasses.', 122, '2024-04-02 00:29', 'https://www.reddit.com/r/Bitcoin/comments/1bthw7d/inflation_and_dumbasses/', 'Either buy fuckin bitcoin or experience on average around 8% monetary inflation per year. \n\n“I WaNNa iNVesT mY $1k iN bITcOiN”. No, shut up it’s not a goddamn investment like you put your money into the stock market for some cool gains.\n\nBitcoin is how you can keep your value. YOUR VALUE. Without bitcoin you would living in a chaotic world with rich, greedy, corrupt politicians and big corporations who suck you dry. \n\nThey take your money and then take it again and again and again and leave you with higher prices and the money you do own is worthless.\n\n \n', 'https://www.reddit.com/r/Bitcoin/comments/1bthw7d/inflation_and_dumbasses/', '1bthw7d', [['u/4xfun', 104, '2024-04-02 00:38', 'https://www.reddit.com/r/Bitcoin/comments/1bthw7d/inflation_and_dumbasses/kxm3xiq/', 'I feel your frustration. Very few people actually understand how de debt driven system works. Here’s a hug', '1bthw7d'], ['u/CryptoMadNate', 12, '2024-04-02 00:45', 'https://www.reddit.com/r/Bitcoin/comments/1bthw7d/inflation_and_dumbasses/kxm5030/', 'Agreed ahaha. I share the same frustration so that why i Bitcoin until my death bed. The thing that has most value in this world is time because of its finite aspect and those fucker steal it thought inflation and taxation. Bitcoin is the middle finger to these greedy humans.', '1bthw7d'], ['u/KorkoBit', 53, '2024-04-02 00:48', 'https://www.reddit.com/r/Bitcoin/comments/1bthw7d/inflation_and_dumbasses/kxm5imc/', 'i have bitcoin and still live in this world :O', '1bthw7d'], ['u/DesignerAstronaut975', 18, '2024-04-02 00:50', 'https://www.reddit.com/r/Bitcoin/comments/1bthw7d/inflation_and_dumbasses/kxm5uw9/', 'Fucking right man.', '1bthw7d'], ['u/Objective_Audience66', 35, '2024-04-02 00:50', 'https://www.reddit.com/r/Bitcoin/comments/1bthw7d/inflation_and_dumbasses/kxm5w58/', 'This. Until I can spend btc like a dollar this is our world. Hodl', '1bthw7d'], ['u/Holster72', 11, '2024-04-02 01:19', 'https://www.reddit.com/r/Bitcoin/comments/1bthw7d/inflation_and_dumbasses/kxmaj2j/', 'I’m in it for gains. Fight me.', '1bthw7d'], ['u/Narrow_Elk6755', 14, '2024-04-02 01:20', 'https://www.reddit.com/r/Bitcoin/comments/1bthw7d/inflation_and_dumbasses/kxmalgz/', 'Stocks and real estate also retain purchasing power, its not exactly exclusive to BTC is it?', '1bthw7d'], ['u/Itchy-File-8205', 11, '2024-04-02 01:36', 'https://www.reddit.com/r/Bitcoin/comments/1bthw7d/inflation_and_dumbasses/kxmd5i8/', "Normies don't get it. They won't until it's too late", '1bthw7d'], ['u/DesignerAstronaut975', 11, '2024-04-02 01:55', 'https://www.reddit.com/r/Bitcoin/comments/1bthw7d/inflation_and_dumbasses/kxmg45s/', 'No one will let you use it as money if you don’t fight for it.', '1bthw7d']]], ['u/DenseDig2633', 'I bought 100 KAS', 17, '2024-04-02 01:08', 'https://www.reddit.com/r/kaspa/comments/1btiv6h/i_bought_100_kas/', 'I am very new to the world of cryptocurrencies and I understand that cryptos is not an investment. The real cryptos are those that intend to go against the FIAT system and are decentralized, I think about making a monthly contribution from now on of 100 dollars per month, 30 in bitcoin and 70 in kas, opinions? When you think the FIAT system will colapse? hehehe ', 'https://www.reddit.com/r/kaspa/comments/1btiv6h/i_bought_100_kas/', '1btiv6h', [['u/kingjame888', 10, '2024-04-02 03:50', 'https://www.reddit.com/r/kaspa/comments/1btiv6h/i_bought_100_kas/kxmyigl/', 'Bitcoin low ROI...put all in kas. Not financial advice.', '1btiv6h'], ['u/EzekielSR405', 14, '2024-04-02 06:19', 'https://www.reddit.com/r/kaspa/comments/1btiv6h/i_bought_100_kas/kxnitsp/', 'Congrats on joining the ranks of Kaspa owners. Its great to have new people here. It keeps the network going :)', '1btiv6h']]], ['u/econoquist', "You Want Purple Prose? I'll Give you Purple Prose.", 13, '2024-04-02 02:09', 'https://www.reddit.com/r/bookscirclejerk/comments/1btkcyo/you_want_purple_prose_ill_give_you_purple_prose/', 'In all its glorious beauty and torment and torrents of feeling and[meaning so deep it can never be plumbed.](https://www.reddit.com/r/books/comments/1btcpuy/lie_with_me_by_phillippe_benson/)', 'https://www.reddit.com/r/bookscirclejerk/comments/1btkcyo/you_want_purple_prose_ill_give_you_purple_prose/', '1btkcyo', [['u/Early_Assignment9807', 12, '2024-04-02 02:48', 'https://www.reddit.com/r/bookscirclejerk/comments/1btkcyo/you_want_purple_prose_ill_give_you_purple_prose/kxmoq28/', 'i feel kinda sticky after reading that i dunno', '1btkcyo']]], ['u/Extension-Fox6956', 'How do you get over and move on from decisions that led to financial ruin and changed your life trajectory', 68, '2024-04-02 02:16', 'https://www.reddit.com/r/AskMenOver30/comments/1btkjcl/how_do_you_get_over_and_move_on_from_decisions/', "I'm 33 and over the years I amassed about 75k in debt from CCs, student loans, and a car. The funny thing is that I'm a CPA but have been pretty financially illiterate my whole life. During this time I also stacked up 1.4 Bitcoin, which is the reason I wasn't paying off the debt aggressively. I'm an alcoholic and got sober in May 2022. Over the next few years, I made the choice to work some hourly jobs for about 6 months because I thought it would help me stay sober. I then got sold on a 100% commission sales job that told me I could make a few hundred thousand dollars. The only access to money I had at this time was my Bitcoin. I had spent years accumulating and protecting this. However, I thought I could make enough money to pay off my debt and buy my bitcoin back and more so I used it to finance this move. The job was a bust and I ended up with 0 bitcoin and 75k in debt. I sold off the last little bit of my bitcoin in August 2023 and got back into a job making an actual income in October. A few months later, the bitcoin ETFs were approved and Bitcoin has over 3x'd in value and is only going to go up. I may have had enough to retire in 10-20 years. Now I am digging out of a hole and considerably behind in life with a networth of -39K at 33 years old. How does someone ever move on from something like this? \n\nI've sought professional help and was diagnosed with ADHD a month ago which has explained my entire life since childhood. I don't know if that is why I made such a bad decision but I was unable to think of the long term consequences if my idea didn't work out.", 'https://www.reddit.com/r/AskMenOver30/comments/1btkjcl/how_do_you_get_over_and_move_on_from_decisions/', '1btkjcl', [['u/Shudafudup', 32, '2024-04-02 02:38', 'https://www.reddit.com/r/AskMenOver30/comments/1btkjcl/how_do_you_get_over_and_move_on_from_decisions/kxmn4fr/', 'Work like crazy and live like a bum to pay off the debt. Or meet with a specialized lawyer to see if there’s a loophole you can take advantage of.', '1btkjcl'], ['u/Tallfuck', 14, '2024-04-02 02:43', 'https://www.reddit.com/r/AskMenOver30/comments/1btkjcl/how_do_you_get_over_and_move_on_from_decisions/kxmntx4/', 'You just have to let the losses go. The money is gone and you’re just making yourself feel worse by living in the past. Easier said than done, but try not to let your mind wander back there and get making some money. \n\nAlso. Don’t try to get it back, you won’t. \n\nBtc will be back below this number within the next 4 years if that’s your play. DCA back in if you are going to follow that lifestyle.', '1btkjcl'], ['u/DrLeoMarvin', 35, '2024-04-02 02:54', 'https://www.reddit.com/r/AskMenOver30/comments/1btkjcl/how_do_you_get_over_and_move_on_from_decisions/kxmpnq3/', 'Bro, I finally had started a decided retirement for my wife and I, $70k in the 401k at the age of 40 and like ~$120k equity in house. Solid salary and career but still $100k in student loans. But man it felt good to be in the green on paper. Wife is leaving me, gonna take a massive chunk of my income for five years, take half our equity, and all because of some fixable shit. No cheating, no abuse, some arguing and differences we could’ve worked out. But going to ruin me financially at 40 fucking years old.', '1btkjcl'], ['u/xenaga', 10, '2024-04-02 03:10', 'https://www.reddit.com/r/AskMenOver30/comments/1btkjcl/how_do_you_get_over_and_move_on_from_decisions/kxms3lt/', 'I did the same. I saved over 10 years of my income, was well set for retirement and live a very frugal lifestyle to get close to 3/4 million. I then blew it in 3 months on meme stocks. Couldnt help myself. Now I am starting over ffom scratch.\n\nAfter months and months of pain and suffering, I let it go. I still have some dull pain from it 3 years later but I realized i was too attached to money and put too much value on it. Now I am living a bit more balanced lifestyle.', '1btkjcl'], ['u/DrLeoMarvin', 10, '2024-04-02 04:04', 'https://www.reddit.com/r/AskMenOver30/comments/1btkjcl/how_do_you_get_over_and_move_on_from_decisions/kxn0jcm/', 'I’ve tried everything imaginable. I’ve changed myself completely the last three months to fit what she says she wants. I’ve begged like a pathetic idiot and pleaded in letters and texts. I’ve tried to explain how this is gonna fuck with our kids, how she’s losing any family that loved her as my other half. I’m out of ideas, I can’t fall out of love with her as much as I wish I could at this point.', '1btkjcl'], ['u/retard_vampire', 16, '2024-04-02 07:39', 'https://www.reddit.com/r/AskMenOver30/comments/1btkjcl/how_do_you_get_over_and_move_on_from_decisions/kxnr3z8/', 'Google "tolerable level of permanent unhappiness". That would be my guess.', '1btkjcl'], ['u/EMHURLEY', 13, '2024-04-02 09:55', 'https://www.reddit.com/r/AskMenOver30/comments/1btkjcl/how_do_you_get_over_and_move_on_from_decisions/kxo2fv4/', 'Mine too. Or Google “Emma’s mental load comic”, another common problem', '1btkjcl'], ['u/xhazerdusx', 10, '2024-04-02 14:58', 'https://www... 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:** ["TOKYO (AP) — Asian shares mostly declined Wednesday after Wall Street sank, hitting the brakes on what’s been a nearly unstoppable romp.\nJapan's benchmark Nikkei 225 slid 0.8% in morning trading to 39,511.88. Sydney's S&P/ASX 200 slipped 1.3% to 7,788.20. South Korea's Kospi dropped 1.3% to 2,716.65. Hong Kong's Hang Seng lost 0.6% to 16,832.52, while the Shanghai Composite fell 0.3% to 3,066.66.\nAnalysts said worries were growing that what rattled Wall Street might spread to Asia, despite recent relatively positive economic signs from China.\n“Investors are grappling with the possibility that this turbulence could mark the beginning of a more significant correction in the markets,” said Stephen Innes, managing partner at SPI Asset Management.\nChina has an ambitious target of around 5% economic growth this year, seeking to put behind recent troubles in the property sector and the lingering effects of the disruptions that came from the pandemic.\nOn Wall Street, the S&P 500 fell 37.96 points, or 0.7% to 5,205.81 for its worst day in four weeks. It was its second straight drop after setting an all-time high to close last week.\nOther indexes did worse. The Dow Jones Industrial Average lost 396.61 points, or 1%, to 39,170.24 and likewise pulled further from its record. The Nasdaq composite fell 156.38, or 1%, to 16,240.45, and the small stocks in the Russell 2000 index tumbled 1.8%.\nHealth insurance companies led the market lower on worries about their upcoming profits after the U.S. governmentannounced lower-than-expected ratesfor Medicare Advantage. Humana tumbled 13.4%. Tesla, meanwhile, dropped 4.9% after deliveringfewer vehiclesfor the start of 2024 than analysts expected.\nOne of the big reasons the U.S. stock market has screamed higher since late October is the expectation that the Federal Reserve will cut interest rates several times this year. The central bank itself has hinted as much, and an easing of rates would relieve pressure on both the economy and financial system.\nBut Fed officials have also said they needfurther confirmationinflation is heading sustainably down to their 2% target before acting. A surprisingly strong report on U.S. manufacturing Monday, which showed a return to growth after 16 straight months of contraction, hurt those expectations.\nIt’s the latest evidence of a remarkably resilient U.S. economy. That keeps people employed and corporate profits humming, but it could also add upward pressure on inflation.Progressthere has becomebumpierrecently, with inflationreportsthis year coming inhotter than expected.\nTraders have already drastically reduced their expectations for how many times the Federal Reserve will cut interest rates this year, halving them from aforecast of six at the start of the year. That would be in line with the three cuts that Fed officials themselves have hinted at.\nBecause the U.S. economy has remained stronger than expected, investors say the chances are rising that the Fed may deliver just two rate cuts this year. Gargi Chadhuri, chief investment and portfolio strategist, Americas, at BlackRock, suggests investors keep their bets spread across a wide range of investments, rather than “trying to time the market – or the Fed.”\nLoretta Mester, president of the Cleveland Fed, said Tuesday that the bigger risk is cutting interest rates too early, rather than too late. The former could allow the economy to overheat and inflation to reaccelerate, while the latter could cause unnecessary pain for workers.\nHer comments came as economic reports showed U.S. employers were advertising roughly the same number ofjob openingsin February as they were a month earlier and a stronger-than-expected gain in factory orders.\nIn the bond market, the yield on the 10-year Treasury rose to 4.35% from 4.33% late Monday.\nThe two-year yield, which moves more closely with expectations for Fed action, slipped to 4.69% from 4.71% late Monday.\nHigh rates slow the economy by design, by making borrowing more expensive. They also hurt prices for investments by making it more attractive for investors to put money instead in safer alternatives. Bitcoin fell 5.4%.\nBeyond worries about interest rates staying high, critics say the U.S. stock market has also simply grown too expensive after soaring more than 20% in six months. Companies will likely need to deliver strong growth in profits to justify such big moves.\nIn energy trading,\nThey followed the price of crude higher. A barrel of benchmark U.S. oil rose $1.44 to settle at $85.15 and is back to where it was in October. A barrel of Brent crude, the international standard, climbed $1.50 to $88.92.\nIn currency trading, the U.S. dollar rose to 151.56 Japanese yen from 151.54 yen. The euro cost $1.0075, little changed from $1.0776.\n___\nAP Business Writer Stan Choe contributed.", '• US stocks fell sharply as investors are turning skeptical on a Fed rate cut by June.\n• The 10-year Treasury yield hit its highest since November.\n• Fed officials still see three rate cuts as possible this year. Chairman Jerome Powell is set to speak on Wednesday.\nUS stocks fell for a third straight day Tuesday as investors digested the possibility that the first Federal Reserve interest rate cut won\'t come in June as expected.\nMarkets have been repricing bets on Fed monetary policy after a batch of strong economic data suggested conditions are still running too hot for a cut.\nOdds of a June pivot briefly fell below 50% after Monday\'s manufacturing data came in hotter than expected. Meanwhile, thelatest jobs opening figuresshow that demand for labor remains elevated.\nWith bond traders now adjusting to the prospect of fewer Fed cuts this year, the 10-year Treasury yield hit its highest since November, peaking at 4.4%.\nSo far, San Francisco Fed President Mary Daly noted that three rate cuts remained reasonable, while Cleveland\'s Loretta Mester concurred. Both officials want to see more evidence of falling inflation.\nLater this week, investors can expected commentary from Chairman Jerome Powell speak on Wednesday, while the next jobs report is set to release Friday.\nHere\'s where US indexes stood at the 4 p.m. closing bell on Tuesday:\n• S&P 500:5,205.81, down 0.7%\n• Dow Jones Industrial Average:39,170.24, down 1% (397 points)\n• Nasdaq Composite:16,240.45, down 1%\nHere\'s what else happened today:\n• The next US recession might not come until 2025, JPMorgan says.\n• Ray Dalio is still investing in China, despite warnings of challenges ahead.Here\'s why.\n• Astock bubble could form if the Fed does cut rates, "Big Short" investor Steve Eisman warns.\n• A record number of cities now havehome prices averaging above $1 million, Zillow says.\nIn commodities, bonds, and crypto:\n• Oil prices increased.West Texas Intermediatecrude oil rose by 1.76 to $85.21 a barrel.Brent crude, the international benchmark, jumped by 1.93% to $88.93 a barrel.\n• Goldclimbed 1% to $2,273.34 per ounce.\n• The 10-year Treasury yield gained 3.4 basis points to 4.361%.\n• Bitcoindropped 5.5% to $65,927.\nRead the original article onBusiness Insider', 'By Lisa Pauline Mattackal and Medha Singh\n(Reuters) -Cryptocurrency ether is struggling to keep pace with soaring big brother bitcoin.\nThe no. 2 cryptocurrency, which commands less than a fifth of the $2.7 trillion crypto market, has not done poorly. But ether is up just around 53% in the first three months of this year, compared with bitcoin\'s 65%.\nBitcoin scaled new peaks last month. Trading around $3,612 on Monday, ether is at least 26% below its Nov. 2021 all-time high of $4,867.60.\nEven a recent technical upgrade of the Ethereum blockchain, which is used to build applications, barely made a splash beyond the circle of crypto enthusiasts, in contrast to the excitement ahead of bitcoin\'s "halving" next month, a technical change designed to slow the coin\'s supply.\nIn a typical case of markets selling the fact, ether dropped 12% after the underlying blockchain\'s Dencun upgrade on March 13 aimed at lowering transaction fees on its ecosystem.\n"Ethereum is persistently dogged by its lack of name recognition among non-endemic investors," said Joseph Edwards, head of research at London crypto firm Enigma Securities.\n"There\'s a lot more economic activity on it compared to 2020... but it reaching all-time highs will likely come fairly late."\nMuch depends on whether the U.S. Securities and Exchange Commission (SEC) approves spot ether ETFs. For, it was the approval and launch of several U.S. spot bitcoin ETFs that spurred institutional demand and drove it to record highs.\nEther ETFs too are waiting, with VanEck\'s filing first in line for a decision on May 23.\nStandard Chartered Bank expects U.S. ether ETFs to be approved on May 23, propelling it to $8,000 by end-2024 and $14,000 by end-2025.\nCOMMODITY OR SECURITY?\nNot everyone is as optimistic about the U.S. regulator greenlighting a spot ether ETF.\nLawyers and industry sources have said ether\'s legal status is ambiguous and they expect regulators to move cautiously.\nThe SEC has said bitcoin is a commodity, but has not ruled on ether.\nUnlike bitcoin, ether is traded on a so-called \'proof-of-stake\' blockchain that allows users to earn yield in exchange for locking up tokens for a period of time.\nAnd because ether is often \'staked\', or deposited, it could be deemed a security, which will entail stricter rules around disclosure that fly in the face of cryptocurrency\'s ethos of bypassing the traditional gatekeepers of finance, such as banks and exchanges.\nBut that complicates the calculus for ETFs, as the yield on staked ether is often higher than that of just plain passive tokens.\n"Getting the SEC on board to allow staked ether ETFs will be a very tough bargain and is, for now, extremely unlikely," said Anders Helset, head of research at digital assets analytics firm K33\nInstitutional demand for ether has been a fraction of that for rival bitcoin. Digita **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: 2024-04-03 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,298,657,807,438 - Hash Rate: 586781694.0809289 - Transaction Count: 372978.0 - Unique Addresses: 714141.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.71 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: - 12 Bitmain T21 miners installed and testing above specifications - - Executing towards targets of 12 EH/s and 25 w/TH by end of Q2 2024 and 21 EH/s by end of 2024 - TORONTO, Ontario and BROSSARD, Québec, March 01, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ: TSX: BITF), a global vertically integrated Bitcoin mining company, provides a February monthly production report as well as an update on its fleet upgrade. Fleet Upgrade Review Geoff Morphy, President and Chief Executive Officer of Bitfarms, said, “As a critical component to our growth, we are executing well against ourtransformational fleet upgradeand our target of 21 EH/s by year-end 2024. We expect the upcoming deliveries of more high efficiency Bitman T21 miners to begin operating at our Québec farms in March. Based on the installation schedule, we anticipate an immediate 8% increase in hashrate to 7 EH/s and 11% improvement in energy efficiency to 31 w/TH.” “I personally inspected the development in Paso Pe, Paraguay, about two weeks ago. Our incredible team continues to deliver, and I am thrilled at the progress being made. The installation of eight hydro containers and 1,920 hydro miners is well underway. Four air-cooled warehouses are nearly built and almost ready to receive the initial shipment of T21 miners. We anticipate the first miners to be energized in mid-March. Upon completion, we expect Paso Pe to contribute approximately 3.2 EH/s with an expected efficiency of 24 w/TH to meet our guidance of 12 EH/s by the end of Q2 2024,” Morphy added. “At Yguazu, Paraguay, we signed the engineering, procurement, and construction contract for the ANDE substation that is required to energize our new 100 MW hydro-powered project. This is expected to contribute roughly 3 EH/s at 22 w/TH efficiency, which contributes to our target hashrate of 17 EH/s in H2 of 2024 achieved through the miner purchases already announced. Combined with stated expansion, the option of miner redeployments and a few key opportunistic acquisitions, we are aiming for 21 EH/s by year-end 2024,” Morphy explained. Ben Gagnon, Chief Mining Officer of Bitfarms, said, “In mid-February, we received 12 Bitmain T21 miners that we installed in Québec for testing. During the initial two weeks, the miners proved highly efficient and, in fact, are outperforming the manufacturer’s specs in both normal and high-energy modes at this time. With that initial performance data, we are even more excited about deploying our strategic fleet upgrade program to achieve our hashrate goals.” Mining Review February mining operations generated 300 BTC compared to 357 BTC in January, reflecting participation in grid-stabilizing curtailment programs, fewer production days in February and 16.2% increased difficulty during the month. In the last few hours of February, there was a difficulty decrease of 2.9% to start the month of March. [{"Key Performance Indicators": "Total BTC earned", "February 2024": "300", "January 2024": "357", "February 2023": "387"}, {"Key Performance Indicators": "Month End Operating EH/s", "February 2024": "6.5", "January 2024": "6.5", "February 2023": "4.7"}, {"Key Performance Indicators": "BTC/Avg. EH/s", "February 2024": "49", "January 2024": "60", "February 2023": "91"}, {"Key Performance Indicators": "Average Operating EH/s", "February 2024": "6.1", "January 2024": "5.9", "February 2023": "4.3"}, {"Key Performance Indicators": "Operating Capacity (MW)", "February 2024": "240", "January 2024": "240", "February 2023": "188"}, {"Key Performance Indicators": "Hydropower MW", "February 2024": "186", "January 2024": "186", "February 2023": "178"}, {"Key Performance Indicators": "Watts/Terahash Efficiency (w/TH)", "February 2024": "35", "January 2024": "35", "February 2023": "39"}, {"Key Performance Indicators": "BTC Sold", "February 2024": "300", "January 2024": "357", "February 2023": "387"}] February 2024 Select Operating Highlights • 6.5 EH/s online as of February 29, 2024, up 38% from February 28, 2023, and unchanged from January 31, 2024. • 6.1 EH/s average online, up 3.4% from January 2024. • 49.2 BTC/average EH/s, down 18.8% from 60.6 in January 2024. • 300 BTC earned, 16% lower than January 2024 and 22% lower than February 2023. • 10.3 BTC earned daily on average, equal to approximately $648,900 per day based on a BTC price of $63,000 at February 29, 2024. • In Quebec, installed 12 Bitmain T21 miners, which in 2 weeks of testing are performing above manufacturer’s specifications. • In Paraguay,80 MW main transformer is en route to the new Paso Pe farm.Signed engineering procurement and construction contract for the high-voltage interconnection to the ANDE substation and to the transmission line to energize the new 100 MW hydro-powered project at Yguazu. Bitfarms’ BTC Monthly Production [{"Month": "January", "BTC Earned 2024": "357", "BTC Earned 2023": "486"}, {"Month": "February", "BTC Earned 2024": "300", "BTC Earned 2023": "387"}, {"Month": "YTD Totals", "BTC Earned 2024": "657", "BTC Earned 2023": "873"}] February 2024 Financial Update • Sold 300 BTC of the 300 BTC earned, generating total proceeds of $15.1 million. • Maintained BTC held in treasury at 804, representing approximately $50.7 million based on a BTC price of $63,000 at February 29, 2024. • Held Synthetic HODL™ of 135 long-dated BTC call options at February 29, 2024. • Paid off $2.0 million of indebtedness, eliminating our remaining debt balance. About Bitfarms Ltd Founded in 2017, Bitfarms is a global Bitcoin mining company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers best-in-class operational performance and uptime. Bitfarms currently has 11 operating Bitcoin mining facilities and two under development situated in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure. To learn more about Bitfarms’ events, developments, and online communities:www.bitfarms.comhttps://www.facebook.com/bitfarms/https://twitter.com/Bitfarms_iohttps://www.instagram.com/bitfarms/https://www.linkedin.com/company/bitfarms/ Glossary of Terms • BTC BTC/day = Bitcoin or Bitcoin per day • EH or EH/s = Exahash or exahash per second • MW or MWh = Megawatts or megawatt hour • PH or PH/s = Petahash or petahash per second • TH or TH/s = Terahash or terahash per second • w/TH = Watts/Terahash efficiency (includes cost of powering supplementary equipment • Synthetic HODL™ = the use of instruments that create bitcoin equivalent exposure Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding projected growth, target hashrate, opportunities relating to the Company’s geographical diversification and expansion, upgrading and deployment of miners as well as the timing therefor, improved financial performance and balance sheet liquidity, other growth opportunities and prospects, and other statements regarding future growth, plans and objectives of the Company are forward-looking information. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on assumptions and estimates of management of the Company at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to: the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; the digital currency market is …..; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; digital currency prices are volatile and a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the anticipated g... - 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 Herbert Lash and Amanda Cooper\nNEW YORK/LONDON (Reuters) - Global shares and bond yields meandered on Wednesday after data showed U.S. services industry growth eased further in March, suggesting inflation is slowing, but not enough for the Federal Reserve to say when interest rate cuts can begin.\nThe U.S. central bank had been expected to start cutting rates as early as June, but robust economic data boosted Treasury yields this week to multi-month highs as many in the market questioned that timetable.\nFed chief Jerome Powell said policy makers largely agree lower rates will be appropriate "at some point this year," but only after they "have greater confidence that inflation is moving sustainably down" toward the 2% target.\nStocks initially fell after the ADP National Employment Report said private payrolls increased by 184,000 jobs in March, indicating a strong economy. The report also showed the median wage for workers switching jobs jumped 10% on an annual basis after increasing 7.6% in February, a bad sign for inflation.\nBut the Institute for Supply Management (ISM) survey for the U.S. services industry showed a measure of prices businesses paid for inputs fell to a four-year low, a good inflation sign.\nMSCI\'s gauge of global stock performance closed up 0.1%, while bond yields retreated. The benchmark 10-year Treasury note\'s yield fell 1.6 basis points to 4.349% after hitting a four-month high of 4.429%.\nSurvey data such as ISM\'s have been less useful in gauging the economy than gross domestic product, employment and even retail sales numbers, said Joe LaVorgna, chief U.S. economist at SMBC Nikko Securities in New York.\n"One of the problems is that the survey data have not been particularly accurate," he said.\n"I\'m not sure the equity market\'s reacting to any specific set of data at this point. It just seems to be a constant inflow (of investment) as the market keeps getting excited. One about AI and secondly about the prospects of an Immaculate landing."\nThe pan-European STOXX 600 index rose 0.29%, as the ISM data cheered European investors. On Wall Street, the S&P 500 gained 0.11% and the Nasdaq Composite added 0.23%, but the Dow Jones Industrial Average fell 0.11%.\nThe Fed should not cut its benchmark rate until year\'s end, Atlanta Fed President Raphael Bostic told broadcaster CNBC, maintaining his view that policymakers should reduce borrowing costs only once in 2024.\nThe dollar index held near its highest level in more than four months, pinning the yen close to its lowest in decades, though the increased threat of currency intervention by Tokyo capped further declines in the Japanese currency.\nThe dollar index, a measure of the U.S. currency against six major trading partners, fell 0.50%. The dollar rose 0.11% to 151.68 yen.\nOil prices edged higher as investors mulled supply risks stemming from Ukrainian attacks on Russian refineries and the potential for escalation in the Middle East conflict, while OPEC+ ministers held steady their output policy.\nU.S. crude settled up 28 cents at $85.43 a barrel, while Brent rose 43 cents to settle at $89.35 a barrel.\nGold prices raced to a record high yet again. U.S. gold futures settled 1.5% higher at $2,315 an ounce.\nBitcoin rose 0.21% to at $65,801.00.\n(This story has been refiled to restore the missing word \'shares\' and change \'rates\' to \'rate,\' in paragraph 1)\n(Additional reporting by Stella Qiu in Sydney. Editing by Sam Holmes, Bernadette Baum, Gareth Jones, Richard Chang and David Gregorio)', 'By Herbert Lash and Amanda Cooper\nNEW YORK/LONDON (Reuters) - Global shares and bond yields meandered on Wednesday after data showed U.S. services industry growth eased further in March, suggesting inflation is slowing, but not enough for the Federal Reserve to say when interest rate cuts can begin.\nThe U.S. central bank had been expected to start cutting rates as early as June, but robust economic data boosted Treasury yields this week to multi-month highs as many in the market questioned that timetable.\nFed chief Jerome Powell said policy makers largely agree lower rates will be appropriate "at some point this year," but only after they "have greater confidence that inflation is moving sustainably down" toward the 2% target.\nStocks initially fell after the ADP National Employment Report said private payrolls increased by 184,000 jobs in March, indicating a strong economy. The report also showed the median wage for workers switching jobs jumped 10% on an annual basis after increasing 7.6% in February, a bad sign for inflation.\nBut the Institute for Supply Management (ISM) survey for the U.S. services industry showed a measure of prices businesses paid for inputs fell to a four-year low, a good inflation sign.\nMSCI\'s gauge of global stock performance closed up 0.1%, while bond yields retreated. The benchmark 10-year Treasury note\'s yield fell 1.6 basis points to 4.349% after hitting a four-month high of 4.429%.\nSurvey data such as ISM\'s have been less useful in gauging the economy than gross domestic product, employment and even retail sales numbers, said Joe LaVorgna, chief U.S. economist at SMBC Nikko Securities in New York.\n"One of the problems is that the survey data have not been particularly accurate," he said.\n"I\'m not sure the equity market\'s reacting to any specific set of data at this point. It just seems to be a constant inflow (of investment) as the market keeps getting excited. One about AI and secondly about the prospects of an Immaculate landing."\nThe pan-European STOXX 600 index rose 0.29%, as the ISM data cheered European investors. On Wall Street, the S&P 500 gained 0.11% and the Nasdaq Composite added 0.23%, but the Dow Jones Industrial Average fell 0.11%.\nThe Fed should not cut its benchmark rate until year\'s end, Atlanta Fed President Raphael Bostic told broadcaster CNBC, maintaining his view that policymakers should reduce borrowing costs only once in 2024.\nThe dollar index held near its highest level in more than four months, pinning the yen close to its lowest in decades, though the increased threat of currency intervention by Tokyo capped further declines in the Japanese currency.\nThe dollar index, a measure of the U.S. currency against six major trading partners, fell 0.50%. The dollar rose 0.11% to 151.68 yen.\nOil prices edged higher as investors mulled supply risks stemming from Ukrainian attacks on Russian refineries and the potential for escalation in the Middle East conflict, while OPEC+ ministers held steady their output policy.\nU.S. crude settled up 28 cents at $85.43 a barrel, while Brent rose 43 cents to settle at $89.35 a barrel.\nGold prices raced to a record high yet again. U.S. gold futures settled 1.5% higher at $2,315 an ounce.\nBitcoin rose 0.21% to at $65,801.00.\n(This story has been refiled to restore the missing word \'shares\' and change \'rates\' to \'rate,\' in paragraph 1)\n(Additional reporting by Stella Qiu in Sydney. Editing by Sam Holmes, Bernadette Baum, Gareth Jones, Richard Chang and David Gregorio)', 'Toronto, Ontario--(Newsfile Corp. - April 3, 2024) - Bluesky Digital Assets Corp., (CSE: BTC), (OTCQB: BTCWF), ("Bluesky" or the "Corporation") announced today that it had entered into an agreement where the Corporation will pay back the $100,000 CAD loan that was advanced to the Corporation via the $300,000 CAD credit facility agreement the Corporation announced it had entered into, via press release, back on February 22, 2024. The Corporation will settle the outstanding loan amount via the issuance of 3,333,333 Common Shares at a price of $0.03 CAD per Common Share. The Corporation also announced today that it will also settle an aggregate of $50,000 CAD of secured debt owed to a creditor via the issuance of an aggregate 1,666,667 Common Shares at a price of $0.03 CAD per Common Share. The debt settlement will assist the Corporation in preserving its cash for working capital and to further advance its AI endeavors. The issuance of the 5,000,000 Common Shares will not result in a change of control of the Corporation.\nAbout Bluesky Digital Assets Corp.\nBluesky Digital Assets Corp, has created a high value digital enterprise at the intersection of Artificial Intelligence, Blockchain and Web3 business solutions. Leveraging its success as an early adopter providing proprietary technology solutions, Bluesky has invested in its Roadmap. Bluesky\'s platform, BlueskyINTEL, is well positioned to leverage the current exponential growth of Artificial Intelligence ("AI") and Blockchain based technologies through a tightly focus built collaborative platform. This innovative web platform offering supports and better enables businesses to adopt and utilize these emerging and developing technologies.\nFor more information please visit Bluesky at:www.blueskydigitalassets.comorwww.blueskyintel.com\nPlease also follow us on Linkedin at:www.linkedin.com/company/bluesky-digital-assets/\nFor further information please contact:\nMr. Ben GelfandCEO & DirectorBluesky Digital Assets Corp.T: (416) 363-3833E:[email protected]\nMr. Frank KordySecretary & DirectorBluesky Digital Assets Corp.T: (647) 466-4037E:[email protected]\nForward-Looking Statements\nInformation set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can 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: 2024-04-04 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,300,892,251,838 - Hash Rate: 570252632.2758324 - Transaction Count: 320607.0 - Unique Addresses: 655509.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.70 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: By Amanda Cooper and Alun John LONDON (Reuters) - Bitcoin rose 5% on Friday to one-month highs, powered by what analysts said was a flurry of buying ahead of April's halving event and as recent outflows from exchange-traded funds slowed. The price rose to a session peak of $47,705, the most since January, after the first U.S. listed spot bitcoin exchange traded products received regulatory approval. The world's largest cryptocurrency was last up 3.5% at $46,946, set for a rise of 10% this week, its most in a week since October. Ether was up 2.5% at $2,486. Bitcoin hit a two-year high just above $49,000 in January, but has since trended lower, under pressure from a "sell the news" wave of profit-taking after the Securities and Exchange Commission finally approved the ETFs. The drop in bitcoin went against the grain of other financial markets in recent weeks, as stocks, bonds and gold all rallied on the back of an expectation for global central banks to switch to cutting interest rates this spring. Policymakers have since pushed back against this and economic data has not supported the view that rates should fall any time soon, but risk assets like stocks have risen, with bitcoin resuming its march higher. Friday's jump in price was said to be a function of a slowing in recent ETF outflows and a burst of buying ahead of April's halving, analysts said. "With bitcoin back up to $46,000 this morning, traders are clearly gearing up for the hotly anticipated halving event due in roughly two months," Scope Markets' chief markets analyst Joshua Mahony said. The next halving is expected in April, a process designed to slow the release of bitcoin, whose supply is capped at 21 million - of which 19 million have already been mined - by cutting the reward for producing the tokens in half. "Should historical trends continue to hold, traders will be hoping to see a bumper 2024 given the previous pattern of post-halving outperformance," Mahony said. Bitcoin prices have typically rallied following halvings. Six months after the first halving in 2012, the price jumped to $126 from $12. After the second halving in 2016, it went to $1,000 from $654 within seven months and in 2020 it shot up to $18,040 from $8,570 in the same time period. Furthermore, according to Markus Thielen, founder of digital asset research firm 10x Research, bitcoin also tends to perform during U.S. election years, coinciding with halving cycles in 2012, 2016 and 2020. QCP Capital said in a note on Thursday that some ETF outflows had eased, in particular from the Grayscale Bitcoin ETF, the largest by assets, which supports spot crypto prices. "Total inflows across all BTC ETFs are now positive," QCP said. When the SEC approved the listing of ETFs in January, Grayscale, whose existing bitcoin trust was converted to an ETF at the time, bled $2.7 billion in outflows the first week after, as early investors rushed to book profits, according to LSEG Lipper data. The outflows slowed in the subsequent week to $1.5 billion, and had slowed to $701 million in the week ended Feb. 7. Scope Markets' Mahony noted the recent rise in the dollar has acted as a drag on crypto of late, but the effect was likely to wane. (Additional reporting by Medha Singh in Bangalore; Editing by Harry Robertson and Alison Williams)... - Reddit Posts (Sample): [['u/SuperSynapse', 'BTC has been retesting ATH continually and will likely break above at some point. Best we can do is test 90% down from ATH on Algorand? Am I missing something?', 41, '2024-04-04 00:28', 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/', "I'm continually disappointed by Algorand's performance. We have an awesome chain, world leading tech, but a struggling ecosystem, struggling adoption, struggling devs... What gives? \n\n\nI get bad decisions were made in the past, but what do we have to look forward to in the future?", 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/', '1bv6f2f', [['u/ProfessorAlchemyPay', 20, '2024-04-04 00:41', 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/kxxeo88/', 'I hear you. Nothing seems to move the needle. Not sure what it’s going to take to have our breakout moment. And still, I hold…', '1bv6f2f'], ['u/nattewindjes', 12, '2024-04-04 00:45', 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/kxxfc2t/', "Algorand is too good for it not to move up, but I'm afraid it's just going to take time. I've lost quite money on it, but I'm just going to hold. :)", '1bv6f2f'], ['u/FluffyNight9930', 42, '2024-04-04 00:46', 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/kxxffmu/', 'We 3Xd from the bottom which is nice. Seems like all alts are pretty much holding steady in a similar fashion right now. You’re being dramatic imo and if you’ve been paying attention at all, you’re aware of the road map as well as growing use cases.', '1bv6f2f'], ['u/awesomedash-', 19, '2024-04-04 01:10', 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/kxxjcwk/', "Watch ALGO/BTC. It hasn't gone below 350-360 Satoshi recently even when the whole market was weaker which typically means relatively weaker altcoins. There are not that many sellers except the market maker and AT/AF. It doesn't take that much to push the price down or up because of relatively low liquidity in order books. Based on what I'm seeing the price doesn't tell the truth. There is a big accumulation going on. A good strategy is to focus on the adoption (chaintrail.io/dapps, chaintrail.io/rwa) and DCA when price dips.", '1bv6f2f'], ['u/daleDentin23', 12, '2024-04-04 01:16', 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/kxxkdlk/', "Buy more that's what I'm doing. As far as stroking your money ego look at usage by number of wallets. At least 1 of the programs are showing algo in top 5 granted that same one has tron as #1 which made me question the data. But regardless as it stands algorand eco system are showing great signs of stability and scale", '1bv6f2f'], ['u/Accomplished_Fact364', 12, '2024-04-04 01:21', 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/kxxl8rl/', 'Well...in 6 months we are gonna hear "man I wish I could\'ve gotten in at $0.20-$0.25\n\nCreate a thesis and stick with it. Revise it as things change FUNDAMENTALLY not based on the next sol casino pump.', '1bv6f2f'], ['u/Certain_Cranberry_77', 10, '2024-04-04 01:37', 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/kxxnu26/', '60 th in MC. Its going backwards. Yes, you are missing something. You are missing gains. You are missing the moon.', '1bv6f2f'], ['u/T-Shurts', 54, '2024-04-04 01:39', 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/kxxo66h/', 'Does everyone forget that this is a new industry and the REAL money will be made when there’s true adoption and use? \n\nAlgorand is ACTUALLY used, even before the rest of the projects out there. It’s not theoretical, it’s no niche (Defi, gaming, nft, etc) type tech. \n\nInstitutional interest is just now happening. With Algorand being actively used by global corporations, it’s setting itself up to EXPLODE long term. \n\nI’m here for the roller coaster ride, and eventual take off. Be patient my fellow Algonaugt. It will have its day.', '1bv6f2f'], ['u/GhostOfMcAfee', 50, '2024-04-04 02:29', 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/kxxw4vd/', 'Maybe, just maybe, it\'s because people post shit like this FUDing their own bags on a day when the news preceding it was :\n\na) ICP and Algorand interoperability unlocked\n\nb) Huge boosts in on chain traffic from an cross chain DEX\n\nc) Wormhole token airdrop is ongoing\n\nd) CompX token drop coming soon \n\ne) Top 5 in daily active addresses\n\n&#x200B;\n\nThere is a fundamental attitude problem with a lot of people who just hold the Algorand coin and little else. There are far too many people with a sour ass attitude who do nothing, expect everything handed to them, don\'t participate in the ecosystem in any way, lament lack of liquidity but won\'t provide any, want stuff but don\'t want to pay for it, cry about the foundation but probably don\'t have an account on the Forum much less participate there, and don\'t involve themselves in anything other than collecting rewards every 3 months and yet never fail to miss a chance to go "boohoo why isn\'t anyone buying my bags."\n\n&#x200B;\n\nForgive my harsh tone, but seriously, what do you think you are accomplishing here with this pity party?', '1bv6f2f'], ['u/hypercosm_dot_net', 11, '2024-04-04 04:00', 'https://www.reddit.com/r/algorand/comments/1bv6f2f/btc_has_been_retesting_ath_continually_and_will/kxyaasy/', "Well said. People watching solely short term price aren't paying attention to any of that. \n\nThese type of posts are where all the 'dead chain' folks come to post, because they don't know any of the growth or usage happening.", '1bv6f2f']]], ['u/badspendinghabit', 'What is “BTC” referring to in this title for the IVV etf?', 10, '2024-04-04 00:48', 'https://www.reddit.com/r/Wealthsimple/comments/1bv6w25/what_is_btc_referring_to_in_this_title_for_the/', 'A lot of etfs on Wealthsimple have “Btc” listed with the name but when you go to underlying ETF, such as IVV, it has nothing to do with Bitcoin and instead tracks the S&P 500?', 'https://i.redd.it/wa9si9tkfcsc1.jpeg', '1bv6w25', [['u/rmcintyrm', 16, '2024-04-04 01:50', 'https://www.reddit.com/r/Wealthsimple/comments/1bv6w25/what_is_btc_referring_to_in_this_title_for_the/kxxpyz9/', "I've wondered this too OP and it's basically not Google-able with the prevalence of Bitcoin. Chat GPT seems to have figured it out though!\n\nhttps://preview.redd.it/erg580aqqcsc1.png?width=863&format=pjpg&auto=webp&s=904391c8cda31e9a3f7d5242723f7b363ee24c07", '1bv6w25']]], ['u/Kingcoreythefirst', 'Halving complete. Enter Accumulation Period', 31, '2024-04-04 01:15', 'https://www.reddit.com/r/Bitcoincash/comments/1bv7jz6/halving_complete_enter_accumulation_period/', 'The next few months you should be doing nothing other than acquiring as many BCH & BTC as possible . This period will be followed by a parabolic run 🚀 peaking in 2025.', 'https://www.reddit.com/r/Bitcoincash/comments/1bv7jz6/halving_complete_enter_accumulation_period/', '1bv7jz6', [['u/Kingcoreythefirst', 10, '2024-04-04 01:19', 'https://www.reddit.com/r/Bitcoincash/comments/1bv7jz6/halving_complete_enter_accumulation_period/kxxkudg/', 'I’ve been doing the same thing since 2013 it’s a rinse and repeat cycle every 4 years 2012-2013 , 2016-2017 2020-2021 … 2024-2025 .The charts never lie. Following the halving you have a sideways period for a few months before supply shock kicks in and media frenzy and you get the parabolic run.', '1bv7jz6'], ['u/Kingcoreythefirst', 10, '2024-04-04 01:20', 'https://www.reddit.com/r/Bitcoincash/comments/1bv7jz6/halving_complete_enter_accumulation_period/kxxkzwe/', 'It’s more of a sideways movement could be slight increase or decrease. But nothing major . And then BOOM you’re on mars', '1bv7jz6']]], ['u/Holster72', 'The government is paying for my Bitcoin', 303, '2024-04-04 02:09', 'https://www.reddit.com/r/Bitcoin/comments/1bv8ug8/the_government_is_paying_for_my_bitcoin/', 'First VA checks started rolling. Appreciate it Uncle Sam!\n\nI know I shorted myself, I’ll make it up next time.\n\nAlso, check picture is edited, then screen shot and colored on again, so no scamming me.', 'https://www.reddit.com/gallery/1bv8ug8', '1bv8ug8', [['u/SmoothGoing', 19, '2024-04-04 02:31', 'https://www.reddit.com/r/Bitcoin/comments/1bv8ug8/the_government_is_paying_for_my_bitcoin/kxxwfxo/', 'Gov does not have its own money, so..', '1bv8ug8'], ['u/FatterWildcatter', 29, '2024-04-04 02:34', 'https://www.reddit.com/r/Bitcoin/comments/1bv8ug8/the_government_is_paying_for_my_bitcoin/kxxwwa5/', 'Thank you for your service.', '1bv8ug8'], ['u/Holster72', 14, '2024-04-04 02:35', 'https://www.reddit.com/r/Bitcoin/comments/1bv8ug8/the_government_is_paying_for_my_bitcoin/kxxx4ee/', 'Well they are going to steal from us and print more anyway, so I might as well steal it back. Even though it’s not stealing, just getting back what they owe me. Contracts go both ways, I did my part, time for them to do theirs.', '1bv8ug8'], ['u/danielllegover', 10, '2024-04-04 02:38', 'https://www.reddit.com/r/Bitcoin/comments/1bv8ug8/the_government_is_paying_for_my_bitcoin/kxxxmjw/', 'I think you should blur out your account and routing number as well', '1bv8ug8'], ['u/1quickmr', 91, '2024-04-04 02:43', 'https://www.reddit.com/r/Bitcoin/comments/1bv8ug8/the_government_is_paying_for_my_bitcoin/kxxybiz/', 'Shitcoin for a Bitcoin', '1bv8ug8'], ['u/Holster72', 24, '2024-04-04 02:47', 'https://www.reddit.com/r/Bitcoin/comments/1bv8ug8/the_government_is_paying_for_my_bitcoin/kxxz27x/', 'Bars', '1bv8ug8']]], ['u/Grouchy_Phase_3875', 'How to access my brother’s portfolio?', 48, '2024-04-04 02:... 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 has rocketed over the past six months, more than doubling to $68,004 as of Thursday.\nInvestors’ interest in the primary digital currency has exploded with January’s introduction of bitcoin exchange-traded funds, or ETFs, particularly the ones offered by BlackRock and Fidelity Investments.\xa0(To be sure, bitcoin is also off 8% from its record set in mid-March.)\nIn addition, bitcoin is approaching its 21-million-coin supply cap. About 19.7 million bitcoins are currently in circulation.\nRelated: Bitcoin halving for beginners: How the process works, impacts price of BTC\nThe currency is now approaching a“halving” date. That’s when the reward for bitcoin miners gets cut in half.\xa0Mining refers to people who successfully use their computers to participate in bitcoin's blockchain network as transaction processors and validators. They’re creating new blocks on the blockchain and receive rewards for their efforts.\nThe reward for a successful mining expedition drops 50% every four years (halving). This month, it will be lowered to 3.125 bitcoin from 6.25 bitcoin. That means less incentive for miners to create supply, putting upward pressure on the currency.\nPerhaps the strongest factor behind bitcoin’s recent jump is speculative fervor. Bitcoin is used for very little legitimate commerce.\nIt’s essentially a vehicle for speculation that investors can use to bet whether bitcoin’s value will go up or down. No fundamentals dictate its price.\nNote that during bitcoin’s six-month run, dogecoin, established as a joke, has tripled. Dogecoin’s logo is a dog.\nBloomberg/Getty Images\nWhatever the reason for the strength of bitcoin and other digital currencies, it’s all good for Coinbase Global(COIN), the country’s biggest cryptocurrency exchange.\nIts revenue registered $905 million in the fourth quarter, up 50% from a year earlier. Net income registered $273 million, swinging from a loss of $557 million.\nSo it’s no surprise that Coinbase stock has more than tripled in the past six months – to $251 on Thursday. Its share price is almost exactly at its April 2021 IPO price of $250.\nRelated: Cathie Wood snags $53 million of this scorched tech stock\nThe company is spreading its wings, receiving a registration license in Canada this month, which means it can operate there.\nHowever, not everything is rosy in the U.S., where Coinbase has scuffled with the Securities and Exchange Commission.\nIn the latest tussle, a federal judge ruled last month that an SEC lawsuit against the company can proceed.\nThat complaint accusesthe company of facilitating trades of at least 13 cryptocurrencies that should have been registered as securities. The SEC also charges Coinbase with illegally operating as a national securities exchange without registering with the SEC.\nThe company is doing well enough that at least two Wall Street houses have raised their price targets on the stock.\nMore Wall Street Analysts:\n• Analyst unveils Nvidia stock price 'line in the sand'\n• Analyst revamps homebuilder stock price target before Fed rate call\n• Analysts revamp Nvidia price targets as Blackwell tightens AI market grip\nOppenheimer analysts now see Coinbase reaching $276 in the next 12 to 18 months, up sharply from $200 previously. They maintain their outperform rating. The $276 target indicates a 10% upside from current levels.\nThe analysts estimated the company’s trading volume doubled in the first quarter from a year earlier.\nAs for the stock, “at this level of trading, we are cautious about near-term volatility, but remain positive on the long-term adoption of blockchain technology,” they said. “We believe Coinbase can be one of the beneficiaries for this long-term trend.”\nThey also don’t believe the legal battle with the SEC is going away. The regulator has “well-pleaded allegations which plausibly support the claim that Coinbase operated as an unregistered intermediary of securities,” the analysts said.\n“We currently believe that this case will be a long legal battle and will likely go to the Supreme Court to get the final decision.”\nRelated: Analyst revamps MicroStrategy stock price target after Bitcoin buy\nMeanwhile, Keefe, Bruyette & Woods raised Coinbase’s price target to $230 from $160, confirming its market-perform\xa0— effectively neutral\xa0—\xa0rating. The Stifel & Co. subsidiary lifted its earnings estimates, reflecting first-quarter volume, The Fly reports.\nCathie Wood, one of America's most popular money managers, has been selling shares of Coinbase in recent weeks, perhaps taking profits. It's still the second biggest holding in her flagship Ark Innovation ETF(ARKK).\nFor years, she has been an evangelist for cryptocurrencies.\nAnother big bitcoin supporter,\xa0MicroStrategy and its executive chairman, Michael\xa0Saylor, have gone gigantic into the crypto.\xa0In mid-March, the software intelligence company bought 9,245 bitcoin for $623 million.\nRelated: Veteran fund manager picks favorite stocks for 2024", 'SINGAPORE,April 4, 2024/PRNewswire/ --OKX Ventures, the investment arm of leading Web3 technology companyOKX, has issued updates forApril 4, 2024.\nOKX Ventures Invests in UTXO Stack, AcceleratingBitcoin\'s Layer 2 Expansion\nOKX Ventures is proud to announce its participation in the seed funding round of UTXO Stack, a modular BTC Layer 2 blockchain launch platform. The seed round was co-led by ABCDE and SNZ, with OKX Ventures joining other prominent participants such asBitcoinMagazine, Waterdrip Capital, Matrixport, y2z Ventures and DRK Lab.\nUTXO Stack is at the forefront of expanding theBitcoinecosystem by enabling developers to easily initiate BTC Layer 2 solutions based on the UTXO model. The platform is integrated with the RGB++ protocol, enhancing interoperability between BTC and parallel Layer 2s developed on UTXO Stack, eliminating the need for cross-chain bridges. Additionally, it bolsters Layer 2 security through the staking of BTC, CKB and other BTC Layer 1 assets.\nUTXO Stack Founder and RGB++ Protocol Author Cipher said:"With the support from this funding round, UTXO Stack is poised to deliver a scalable UTXO Layer 2 solution for BTC, enhancing seamless interoperability across all blockchains. This investment fuels our capacity to further develop, expand and elevate our offerings."\nOKX Ventures FounderDora Yuesaid:"Our strategic investment in UTXO Stack signifies a strong endorsement of the platform\'s potential to enhance the functionality and scalability ofBitcoin\'s Layer 2 infrastructure."\nTo learn more about UTXO Stack,click here.\nFor further information, please contact:[email protected]\nAbout OKX VenturesOKX Ventures is the investment arm of leadingcryptoexchange and Web3 technology company OKX, with an initial capital commitment ofUSD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.\nThrough its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.\nFind out more about OKX Ventureshere.\nDisclaimer\nView original content to download multimedia:https://www.prnewswire.com/news-releases/flash-news-okx-ventures-invests-in-utxo-stack-accelerating-bitcoins-layer-2-expansion-302108396.html\nSOURCE OKX Ventures', 'SINGAPORE,April 4, 2024/PRNewswire/ --OKX Ventures, the investment arm of leading Web3 technology companyOKX, has issued updates forApril 4, 2024.\nOKX Ventures Invests in UTXO Stack, AcceleratingBitcoin\'s Layer 2 Expansion\nOKX Ventures is proud to announce its participation in the seed funding round of UTXO Stack, a modular BTC Layer 2 blockchain launch platform. The seed round was co-led by ABCDE and SNZ, with OKX Ventures joining other prominent participants such asBitcoinMagazine, Waterdrip Capital, Matrixport, y2z Ventures and DRK Lab.\nUTXO Stack is at the forefront of expanding theBitcoinecosystem by enabling developers to easily initiate BTC Layer 2 solutions based on the UTXO model. The platform is integrated with the RGB++ protocol, enhancing interoperability between BTC and parallel Layer 2s developed on UTXO Stack, eliminating the need for cross-chain bridges. Additionally, it bolsters Layer 2 security through the staking of BTC, CKB and other BTC Layer 1 assets.\nUTXO Stack Founder and RGB++ Protocol Author Cipher said:"With the support from this funding round, UTXO Stack is poised to deliver a scalable UTXO Layer 2 solution for BTC, enhancing seamless interoperability across all blockchains. This investment fuels our capacity to further develop, expand and elevate our offerings."\nOKX Ventures FounderDora Yuesaid:"Our strategic investment in UTXO Stack signifies a strong endorsement of the platform\'s potential to enhance the functionality and scalability ofBitcoin\'s Layer 2 infrastructure."\nTo learn more about UTXO Stack,click here.\nFor further information, please contact:[email protected]\nAbout OKX VenturesOKX Ventures is the investment arm of leadingcryptoexchange and Web3 technology company OKX, with an initial capital commitment ofUSD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.\nThrough its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.\nFind out more about OKX Ventureshere.\nDisclaimer\nView original content to download multimedia:https://www.prnewswire.com/news-releases/flash-news-okx-ventures-invests-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: 2024-04-05 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,317,449,320,500 - Hash Rate: 611575286.7885739 - Transaction Count: 348637.0 - Unique Addresses: 643705.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.79 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Welcome to Future of Finance, whereFortuneasks prominent people at major companies about their roles in this vast, ever-changing ecosystem—and what it all means for how we use money. Coinbase is the largest centralized crypto exchange in the U.S., posting$273 million in net incomefor the fourth quarter of 2023, putting the firm's net profitability for all of 2023 at $95 million. “Coinbase has always taken a long-term approach focusing on building in a compliant manner, even when it wasn’t the popular choice,” CEO Brian Armstrong said on a February earnings call. “Many of our competitorscut cornersandbroke lawsto get big fast, and we’ve seen how that strategy played out.” Alesia Haas joined the company in April 2018. She previously was CFO for Sculptor Capital Management (formerly Och-Ziff Capital Management Group), a global institutional alternative asset manager. She also served as CFO and head of strategy for OneWest Bank. In a conversation withFortune, Haas shared insights onBitcoin’s record high, the latest crypto bull market, the SEC’s take on Ethereum,Sam Bankman-Fried’s sentencing, and what drew her to the world of crypto from traditional finance. (This interview has been edited for length and clarity.) Earlier this month, Bitcoin reached a record high above $72,000. Can you share some insight on what this means in a larger sense? I think it's important with crypto to zoom out and look at what has happened since the Bitcoin white paper and crypto first came on the scene. You've seen four price cycles. What I love about looking at these price cycles is that every peak is higher than its last peak. And every trough is higher than the last trough. If you look at this, you have a lot of volatility, but there is this steady up and into-the-right curve. When you look at the one-, three-, five-, and 10-year return of Bitcoin against every other asset, it has been one of the top performing assets over any other comparable. A lot of this was driven by the Bitcoin ETFs. What I think is important to note is that ETFs unlock new demand for this asset class. Previously, a lot of investment advisors couldn't access Bitcoin because of their investment mandates. Now they can buy Bitcoin in an ETF wrapper, and so it opens up new available capital. What does Bitcoin's rise mean for other cryptocurrencies, particularly Ethereum? I think that we're starting to see differentiation between different cryptocurrencies and Bitcoin, where Bitcoin is a store-of-value asset, and people are putting it in their portfolio as an important store-of-value in wealth creation. Ethereum has become the protocol that developers are increasingly choosing to build decentralized applications on top of. While Bitcoin is the largest asset, we generally see “a rising tide lifts all ships” effect where crypto then comes up. But you're starting to see differentiation because people are choosing Ethereum, and it is increasingly going to change depending on developer activity and user activity of that platform. Stablecoins and NFTs are built on Ethereum. There are just a lot of new use cases built on top of that protocol. Speaking of Ethereum, what's the latest with this SEC now attempting to define it as a security? Ethereum is not a security. Historically, the SEC has repeatedly said that Ether isn't a security. The CFTC [Commodity Futures Trading Commission] has said that Ether isn’t a security.The core problemhere is that we still do not have comprehensive crypto regulation at the federal level in the United States. And this is something that we feel passionately about. It's so critical to get regulatory clarity so we can have a clear, equitable, applied regulatory framework that will protect consumers and ensure responsible markets—and also protect businesses like Coinbase, so we know how we can bring compliant products to the market and continue innovation here in America. What can we learn from the latest crypto bull market? In general, what we're seeing is similar to past bull markets, whereas crypto prices rise, you see an increase in volatility, then you see an increase in engagement. As we shared on our Q4 earnings call in February, we saw elevated engagement, net inflows across the board in retail institutional, and we saw higher trading volumes. With almost $12 billion of net inflows into ETFs, we've seen a market cap of over $2.5 trillion. What this does is it puts crypto back in the headlines. It has become a topic of conversation in households. And we're seeing really great engagement from customers who sort of went dormant a little bit in 2021, and they’re saying, "Oh, this asset class is back." The crypto sector nosedived after FTX imploded and cofounder Sam Bankman-Fried was arrested. He wasjust sentencedto25 years in prison. Has the industry finally turned a page? Well, fraud is fraud. And I'm pleased to see the process being followed when you have fraud in the markets. It’s a travesty that occurred. But I think we've moved on, and I think the market has largely moved on. Coinbase was always focused on compliance. We are excited to build and regain the trust of our customers. But there has been a flight to quality. We've seen that flight to quality now over the past year. And we're pleased to continue to see people's focus and growth on good companies here. Before joining Coinbase, you worked in asset management, as a CFO, and held senior roles at Merrill Lynch and General Electric. What most attracted you to your current company? I'm old enough that I grew up in the early internet era and have just watched the transformation of how technology creates new use cases. When I learned about blockchain, I could see that if you tokenize real-world assets—and send value peer to peer—that was going to create a more inclusive, faster, and cheaper financial system. And that was such an exciting thing to be a part of. I have worked for banks and asset managers, and I saw how many people touch the transaction just to move money from me to you, and how many different steps and different market participants it takes. I saw the cost. I saw the friction. And I said, "If technology solves this, it will be adopted. It’s a matter of when, not if." I wanted to be part of that excitement in the journey to build trusted products in this ecosystem. Coming from traditional finance, I knew that if you're holding customers' assets, their wealth, their investments, you need to become a trusted brand. I thought I could really contribute value to Coinbase. How would you describe the role of digital assets in the future of finance? Well, first of all, it's already here: 52 millionAmericans own crypto. We now have ETFs for anybody with a retirement account to own crypto. You can now send a U.S. dollar in the form of a stablecoin to anyone in the world, anywhere, anytime, cheaply and instantly. It’s amazing that we're already here. I think what we'll see is an increasing number of transactions happening on the blockchain. We’ll tokenize more real-world assets. Just last week,BlackRock announcedthey’re tokenizing a money-market fund. Now we have money-market funds where you can earn high yields but in tokenized form. These are new ways that we can bring the global world together in a peer-to-peer way—fewer intermediaries, lower costs—and tokenize real-world assets, which makes those assets more available to more people in more markets. I think that’s really exciting. This story was originally featured onFortune.com... - 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 surged on Friday following a stronger than expected March jobs report.\n• The US economy added 303,000 jobs last month, well ahead of economist estimates of 212,000 jobs.\n• The jobs report showed muted wage inflation, which could suggest a mild CPI report next week.\nUS stocks surged on Friday, recouping most of Thursday\'s losses after the March jobs report bested analyst estimates.\nThe US economyadded 303,000 jobs in March,well ahead of economist estimates of 212,000. Investors are electing to put a positive spin on the strong economic data under the idea that expansion will drive earnings growth. That optimism appeared to outweigh concerns that a Fed rate cut will be delayed.\nThe report also saw the unemployment rate fall to 3.8% from 3.9%, and it also showed easing wage inflation during the month.\xa0That\'s important because wage inflation plays a key part in overall inflation, suggesting that next week\'s CPI report might not surprise to the upside.\n"Another blowout payroll report suggests the economy is running strong and far from recession, with the economy averaging 276,000 job growth per month over the last quarter," Carson Group strategist Sonu Varghese told Business Insider. "On balance, this would push out any rate cuts by the Fed, but easing wage growth means we\'re not in the middle of a labor-market induced inflation surge."\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:5,204.34, up 1.1%\n• Dow Jones Industrial Average:38,904.04, up 0.8% (307 points)\n• Nasdaq Composite:16,248.52, up 1.2%\nHere\'s what else happened today:\n• A string of layoffs in Apple\'s R&D division suggests that CEO Tim Cook is trying to re-focus the companyafter its failed EV project.\n• A peak in bitcoin would signal turbulent times ahead for the stock marketover the next six months, according to a Wall Street strategist.\n• The US government transferred 2,000 bitcoin to Coinbasefrom its $2 billion cryptocurrency wallet earlier this week.\n• Tesla stock fell as much as 6% after a Reuters report saidthe company is scrapping its low-cost Model 2 vehicle, though Elon Musk denied the report.\n• A fund that offers investors the chance to buy stock in pre-IPO companies has soared as much as 818%since its debut two weeks ago.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil edged higher by 0.20% to $86.76 a barrel.Brent crude, the international benchmark, jumped by 0.39% to $91.00 a barrel.\n• Goldjumped 1.50% to $2,343.20 per ounce.\n• The 10-year Treasury yield rose 7 basis points to 4.39%.\n• Bitcoindropped by 0.99% to $67,844.\nRead the original article onBusiness Insider', "In this podcast, Motley Fool analyst Bill Mann and host Dylan Lewis discuss:\n• The tragic Francis Scott Key Bridge collapse in Baltimore and how it affects the port and the companies with goods going in and out of it.\n• VisaandMastercard's $30 billion settlement with merchants over interchange fees.\n• A curious crypto story withNilam Resources.\nTech insider Kara Swisher joins Motley Fool host Deidre Woollard to talk about her new bestseller,Burn Book, and how a tech CEO helped her kids use social media a little less.\nTo catch full episodes of all The Motley Fool's free podcasts, check out ourpodcast center. To get started investing, check out ourquick-start guide to investing in stocks. A full transcript follows the video.\nEver feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.\nOn rare occasions, our expert team of analysts issues a“Double Down” stockrecommendation\xa0for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:\n• Amazon:if you invested $1,000 when we doubled down in 2010,you’d have $20,273!*\n• Apple:if you invested $1,000 when we doubled down in 2008,you’d have $31,856!*\n• Netflix:if you invested $1,000 when we doubled down in 2004,you’d have $332,818!*\nRight now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.\nSee 3 “Double Down” stocks »\n*Stock Advisor returns as of April 4, 2024\nThis video was recorded on March 27, 2024.\nDylan Lewis:Soon merchants are going to be happier to see you pull out the plastic. Motley Fool Money starts now. I'm Dylan Lewis, and I'm joined over the airwaves by Motley Fool Senior Analyst Bill Mann. Bill, thanks for joining me.\nBill Mann:Hey, Dylan. How are you? Welcome back.\nDylan Lewis:It's great to be back after taking some time off. It's great to be back with you. We haven't done a show together since my vacation, so it's nice to be back in the seat. We're going to be checking in on some curious stories in crypto today. We're also going to be looking at some thoughts on the tech industry from Kara Swisher. First up though, Bill, a bit of disruption in our own backyard, an absolutely tragic scene in Baltimore this week with the Francis Scott Key Bridge collapsing after being struck by a cargo container in the early hours Tuesday. Bill, I've been on that bridge. I'm guessing you've been on that bridge as well. This is one that hits home for us.\nBill Mann:Many times. This is not just a local thoroughfare, but it is one of the major north-south arteries in the United States, so a very important road and port. The Port of Baltimore is one of the largest transshipment points for cars coming into and out of the United States. It's also a huge coal facility for shipments coming in and out. At the moment, the Port of Baltimore completely cut off. You did start by saying tragedy, and I do want to start by saying it's the loss of life that ultimately is the thing that we should be concerned about, first and foremost. It's very sad what happened.\nIt's a miracle not more people were on that bridge, not just a miracle but incredible work and foresight by the captain on the ship. That has to be called out. This is going to be a while before it gets cleaned up. Obviously, there's a lot of ways to get from, say, New York to the southern part of the US, but there are not that many ways that are better than Highway 695 for hazmat trucks, for example. The cost to commerce is going to be substantial. The hit to our infrastructure has been substantial.\nDylan Lewis:Bill, I think this is one of those stories that is going to take a very long time for all of the pieces to come out, all the details to come out, and all the consequences to be mapped out, but I think one of the clearest takeaways at this point is it is going to be incredibly disruptive to the local Baltimore area and really anything that passes through it. As you were just saying, so much activity flows through that port.\nBill Mann:There's a book that I read a couple of years ago, and it's a great book. If you're ever talking to someone at a cocktail party, and you'd like to end the conversation, mention that you've been reading the book Box by Marc Levinson, which is the history of the shipping container. It's a fascinating book but doesn't sound so on the surface.\nWhen we think of ports, we tend to think of them as being interchangeable at this point, like, it's a place where a boat can pull up to the side, and there's a crane that pulls things on and off. Ports now are specialized. The Port of Baltimore is specialized for the types of products that flow through that port, particularly cars, gypsum, lumber, coal, things of that nature. While there are other ports that can take that volume, it's not just as simple as saying, now you're going to Norfolk, now you're going to Newark. Those ports are not geared to handle that volume in the same way that Baltimore has.\nDylan Lewis:Bill, that's all we have today. I got to go.\nBill Mann:[LAUGHTER] You got to read the book?\nDylan Lewis:You joke that it was a good way to end the conversation. I'm just kidding. I love it when you go deep, and I love when we get wonky. I think it's a fascinating story, and I love the book recommendation there, Bill. One of the things I'm curious about is, as this clearly is going to disrupt supply chain and logistics, what it means for the companies that wind up flowing a lot of goods through a place like Baltimore. We have seen companies try to tap into interruption insurance in the past. Do you feel like this is something that we are suddenly going to become experts in in the way that people do on Twitter?\nBill Mann:I became a Twitter expert in shipping law. I got my masters yesterday in it. Usually when you talk about these things, you're talking about tragedies. There were a huge amounts of business interruption cases that happened after the 9/11 attacks, there were huge numbers of business interruption insurance claims after Hurricane Katrina, and there will be more here.\nRight at the top of the list is the Port of Baltimore, which is a port authority, but it is it operates under concessions. There are companies out there that offer business interruption, andBerkshireHathawayis one that has been known to do so. There will be claims, and they will be big, but I would assume that many of the claims will be opportunities for companies to perhaps cash in a little bit, and I only say that not pejoratively because that's what's happened every single time in the past.\nDylan Lewis:From the supply chain and cargo world over to the digital toll roads, we have some updates in the credit card landscape. Visa and MasterCard's toll road is about to get a little bit cheaper for merchants, Bill, the two largest credit card companies settling suit with merchants over there interchange fees, which will save about 30 billion in fees over five years for merchants. How big of a deal is this for the credit card companies?\nBill Mann:The credit card companies, there's only a certain part that's really that big of a deal because Visa and Mastercar **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: 2024-04-06 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,331,803,715,550 - Hash Rate: 640501144.9474928 - Transaction Count: 433591.0 - Unique Addresses: 673290.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.75 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin passed its previous all-time high Nov. 2021 record of $69,044.77 earlier this month. Although the asset is nowexperiencing huge volatility ahead of the so-called halvingnext month,many experts anticipate it to reach $100,000 this year. Check Out:8 Best Cryptocurrencies To Invest In for 2024Read Next:5 Genius Things All Wealthy People Do With Their Money As of March 20, Bitcoin was at $63,655, up 128% in the past year, up 44% year-to-date and up 22% in the past month. Now, the crypto bull run is triggering a lot of interest in altcoins, with investors looking for the next big thing. But whether Bitcoin’s rise will translate into a sustained surge for these smaller coins remains to be seen. Learn More:13 Cheap Cryptocurrencies With the Highest Potential Upside for You Sponsored:Protect Your Wealth With A Gold IRA. Take advantage of the timeless appeal of gold in a Gold IRA recommended by Sean Hannity. Richard Gardner, CEO ofModulus, argued that altcoins are “a lot like microcap stocks.” “There are going to be some winners that turn out to completely transform industries,” he said. “There will be others that continue to plod along. And many that will ultimately go belly up.” According to Gardner, the problem with the term altcoin is that it doesn’t differentiate between coins with high market caps-such as Cardano and Solana, and those that are nothing more than what he deemed “scamcoins.” “The best way to determine whether an altcoin can be trusted is to dig into the technical details. Determine whether the altcoin has real-world applications. It is important to do your due diligence,” he added. Which ones could experience a surge? • Price as of March 20:$154.54 • Past month:up 54.3% • Past year:up 640.8% In this current cycle, SOL has benefited most from the rise in Bitcoin’s price, which has many suggesting that SOL will be the darling of this cycle the way ETH was the darling of the last, according to Frank Corva, digital assets analyst forFinder. And other experts — such as Brian D. Evans, CEO and founder ofBDE Ventures— echoed the sentiment, saying that Solana is garnering a lot of attention from the general public, particularly as the Solana blockchain is performing, and there are a huge number of users and applications gravitating to it. “This is poised to be beneficial for the native token of the Solana Network, SOL,” said Evans. “The more that users interact with applications on Solana, the more SOL they’ll have to buy to pay for gas fees. I suspect that over time SOL will accrue more value as this dynamic continues to play out.” • Price as of March 20:$3,349.82 • Past month:up 15.6% • Past year:up 89.4% Jeff Owens, co-founder ofHaven1, argued that as a foundational layer of the Web3 space, Ethereum is an “obvious choice” — especially for retail investors that are just familiarizing themselves with crypto. “It typically moves in tandem with Bitcoin, and marked upticks of over 70% this month against its opening price for 2024,” said Owens. “Combined with the Dencun upgrade, which was successfully deployed last week and reduced Ethereum layer-2 gas fees by 10 to 100 times, these figures suggest that ETH may start outperforming BTC soon.” Artificial intelligence tokens have also been riding the broader AI wave lately and garnering a lot of interest. As CoinGecko indicated, these tokens are cryptocurrencies that power AI-related projects. Their market cap as of March 20 stood at $24 billion, according to CoinGecko data, a significant jump from just $2.7 billion last April, as per Reuters. “I think anything AI is going to continue to do well because of the growing need to verify data, including when it comes to authenticity and provenance,” said Markus Levin, co-founder ofXYO Network. “This includes oracle networks like ours, XYO, and others, because these sorts of networks can provide clean, verified data to all sorts of systems.” Some of the top AI coins by market cap include Render’s RNDR token, which is up 709% in the past year and up 86.4% in the past month. In addition, Fetch.ai’s FET is up 568% in the past year and up 196.2% in the past month. While it can be tempting to quickly jump on this crypto bull ride, due diligence and caution are key. There will likely be more investors piling into new, untested altcoins without conducting their due diligence first, and many of these investors may be first-time entrants into the crypto space. “And so, while we’ll undoubtedly witness the creation of new crypto millionaires overnight, we will also likely see some spectacular losses,” said Haven1’s Owens. “The bull run always brings with it a proliferation of new projects, and this makes it a particularly risky time to hunt for a quick buck. So as the altcoin season begins in earnest, it’s more important than ever to ramp up the research and never invest in a project if something doesn’t add up.” And for the Bitcoin purists, the asset is the only way to go, as they argue that it is the safest investment in the crypto space. “It’s the asset investors — especially newer investors — should stick with,” said Finder’s Corva, noting that its scarcity makes it unlike any other asset. More From GOBankingRates • The Single Best Thing To Buy at Aldi in March 2024 • 5 Used Cars You Shouldn't Buy • This is One of the Best Ways to Boost Your Retirement Savings in 2024 • 6 Things You Should Never Do With Your Tax Refund (Do This Instead) This article originally appeared onGOBankingRates.com:Beyond Bitcoin: These 3 Altcoins Could Surge — Are They Safe Investments?... - Reddit Posts (Sample): [['u/dat9553', 'Bitcoin will be the main store of value for the ultra wealthy', 88, '2024-04-06 00:44', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/', "&#x200B;\n\n[If you're still holding the majority of your wealth in real estates or equities, you need to transfer your wealth in there to Bitcoin while you still can](https://reddit.com/link/1bwvk6c/video/kg8a74i7oqsc1/player)", 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/', '1bwvk6c', [['u/Ok_Art_2874', 11, '2024-04-06 02:13', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/ky94jn9/', 'Uh, bitcoin will be one of the stores of wealth, but not the main one', '1bwvk6c'], ['u/nopenope12345678910', 52, '2024-04-06 02:25', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/ky96bkl/', 'Laughs in actually useable scarce commodities, namely Land and natural resources.\n\nLike I get it bitcoin is finite and valuable, but when you have real wealth you likely are investing in much more surer bets.', '1bwvk6c'], ['u/dat9553', 14, '2024-04-06 02:31', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/ky974oh/', "sure, own as much land and natural resources as you can, might be massive headache to manage and protect them since they're far easier to take away from you than 24 words.", '1bwvk6c'], ['u/nopenope12345678910', 13, '2024-04-06 02:48', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/ky99qr4/', 'they said ultra wealthy.... Nothing is really a headache to manage at that level, you have people for that.', '1bwvk6c'], ['u/Prestigious-Agency79', 15, '2024-04-06 03:14', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/ky9dl1d/', 'If given the choice j would take $100M of land over $100M of anything else like 9/10 times.\n\nThat 10th time I’d probably waste it on some hookers and blow.', '1bwvk6c'], ['u/NonRelevantAnon', 10, '2024-04-06 03:34', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/ky9gega/', "I don't know 24 words are super easy to take away when you or your loved one is being tortured. Land they can't just take there are a ton of hoops they have to jump through.", '1bwvk6c'], ['u/NonRelevantAnon', 12, '2024-04-06 03:35', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/ky9gk0v/', 'You have no idea how wealthy people manage their wealth. If you do it yourself you are not ultra wealthy.', '1bwvk6c'], ['u/Proof_Supermarket_92', 41, '2024-04-06 04:28', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/ky9o6rq/', 'The ultra wealthy and... me.', '1bwvk6c'], ['u/Ystebad', 11, '2024-04-06 04:34', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/ky9p33z/', 'Until the govt comes confiscates it and/or taxes it to death', '1bwvk6c'], ['u/xlvi_et_ii', 12, '2024-04-06 05:07', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/ky9tg4g/', '> $100M of land\n\n\nUntil the property taxes are due....', '1bwvk6c'], ['u/Nano_gigantic', 24, '2024-04-06 06:04', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/kya0n13/', 'Real estate is always going to be in higher demand than Bitcoin. You will still need a house to live in, not matter how much adoption Bitcoin ever gets. And people are always going to want a beautiful mansion in a beach. Once you get incredibly wealthy, you want to do stuff with it, then preserve what’s left. Not the other way around', '1bwvk6c'], ['u/LionRivr', 22, '2024-04-06 07:19', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/kya8rma/', 'Not knocking the amazing value of tangible, physical assets such as land and natural resources, however it is arguable that Bitcoin is far more versatile than any physical asset. It can be transported more easily, requires little to no maintenance, is practically more divisible, more liquid, and can technically be converted into literally any asset you want.\n\nMaybe I have been listening to too much Michael Saylor, but for ultra-wealthy levels of wealth, BTC takes the Win for me in most situations.', '1bwvk6c'], ['u/marosszeki', 12, '2024-04-06 07:42', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/kyab1uo/', 'Those are the same picture', '1bwvk6c'], ['u/loblaw-bob', 11, '2024-04-06 10:09', 'https://www.reddit.com/r/Bitcoin/comments/1bwvk6c/bitcoin_will_be_the_main_store_of_value_for_the/kyanv13/', 'You have to look at the number of homes that are owned by people strictly for investment purposes. The number is high and growing. Once you get to the ultra wealthy they own homes with no one in them just to have assets that keep their value. But homes and properties are expensive between upkeep and taxes. They are also very illiquid. It takes a lot of time to sell a property to get liquid funds. Property is locked in physical space. Narrowing the market you can sell to, and leaving it predisposed to market fluctuations for that particular area. \n\nBitcoin offers a much cheaper way to store value. It can be accessed from anywhere. It can be transferred to anyone in the world, at any tim, 24/7. Christmas Eve at 2am, from Montana to Thailand? No problem. The bitcoin network is running and will see to the secure transaction with no limitation on amount for an extremely cheap fee (relatively). \n\nIt truly is difficult for us to wrap our heads around just how much of massive breakthrough bitcoin is in this regard. And this would be a very good thing for all people of the world. If investors start taking their money out of real estate and putting it into bitcoin the prices of homes will begin to fall dramatically. This will make homes affordable again and younger generations can start to purchase them for their *real* purpose: to live in. Homes becoming unaffordable is just another symptom of a broken monetary system. Bitcoin fixes this.', '1bwvk6c']]], ['u/AdventurousIceballs', 'Question about computer from 2012 that used to mine BTC', 230, '2024-04-06 01:29', 'https://www.reddit.com/r/Bitcoin/comments/1bwwmz3/question_about_computer_from_2012_that_used_to/', 'Hello everyone. I just learned that my Dad used to mine bitcoin on an old computer that we still have. He mined from Feb 2012 to 2014. I have searched the computer for a Wallet.dat file and havent found anything. However, there is a crypto folder from 2012 that I assume is linked to the mining. In it is two other folders named "RSA" and "Keys". In these folders are a bunch of .sys System files with names of random 64 length numbers and letters. 0-9, and a-f. He said that he thinks he used an online wallet. I assume that the website no longer exists, and even if it did there\'s no way he remebers any passwords. Does anyone have any tips to try and find if there\'s any recoverable BTC? I assume that the only way to get it back is to have the private keys but I\'m not sure how to find them. I\'m sure it\'s close to nothing in USD but it would be awesome to see how much he had. Thanks! ', 'https://www.reddit.com/r/Bitcoin/comments/1bwwmz3/question_about_computer_from_2012_that_used_to/', '1bwwmz3', [['u/Savik519', 155, '2024-04-06 01:34', 'https://www.reddit.com/r/Bitcoin/comments/1bwwmz3/question_about_computer_from_2012_that_used_to/ky8ynkd/', 'My condolences to your DMs, may they rest in peace.\xa0', '1bwwmz3'], ['u/moon-lambo-now', 389, '2024-04-06 01:46', 'https://www.reddit.com/r/Bitcoin/comments/1bwwmz3/question_about_computer_from_2012_that_used_to/ky90ehb/', "Do not answer to any DMs, they are all about stealing your money. And do not copy-paste the keys to any website.\n\nBitcoin private keys are 64 characters long and have 0-9 and a-f. If I were you, I'd download Bitcoin Core, synchronize it with the blockchain and then tried importing the private keys there.", '1bwwmz3'], ['u/Donkeytonkers', 19, '2024-04-06 01:48', 'https://www.reddit.com/r/Bitcoin/comments/1bwwmz3/question_about_computer_from_2012_that_used_to/ky90qag/', 'My thoughts exactly, dude just advertised to the world “I might be a multimillionaire/billionaire”. Just created more headaches', '1bwwmz3'], ['u/Ill_Personality_3705', 136, '2024-04-06 01:51', 'https://www.reddit.com/r/Bitcoin/comments/1bwwmz3/question_about_computer_from_2012_that_used_to/ky919th/', 'DONT OPEN ANY DMS, this is for your own good, i really hope you find 100 BTC brother, good luck!', '1bwwmz3'], ['u/AdventurousIceballs', 168, '2024-04-06 01:52', 'https://www.reddit.com/r/Bitcoin/comments/1bwwmz3/question_about_computer_from_2012_that_used_to/ky91ey1/', "Yeah I've already got some bot DM's. But thank you, I will try that.", '1bwwmz3'], ['u/na3than', 68, '2024-04-06 01:57', 'https://www.reddit.com/r/Bitcoin/comments/1bwwmz3/question_about_computer_from_2012_that_used_to/ky922n3/', "Bitcoin private keys are 256-bit numbers. A 256-bit number is a 64-bit hexadecimal (0-9,a-f) number. Do not share those filenames with ANYONE, and if you haven't already done so, take that computer offline NOW. There's no rush to discover what you may or may not have there, other than getting it offline where it's less of a target.\n\nTake your time and ask detailed questions in public forums such as this (not private messages; anyone who legitimately wants to help you will do it publicly) before you do anything you might regret with that computer.", '1bwwmz3'], ['u/moon-lambo-now', 83, '2024-04-06 02:00', 'https://www.reddit.com/r/Bitcoin/comments/1bwwmz3/question_about_computer_from_2012_that_used_to/ky92iyn/', ... 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:** ['Attendance is down, but enthusiasm is up at Hong Kong\'s Web3 Festival this year amid sky-high bitcoin prices that have helped draw in an even greater proportion of overseas participants compared with last year.\nThe vast majority of participants - an estimated 80 per cent - came from outside Hong Kong, said Deputy Financial Secretary Michael Wong Wai-lun on Saturday in his opening remarks. The 2024 conference has seen more exhibitors from Europe and the US specifically, according to Lu Weiding, CEO of Wanxiang Group, which owns the event organiser HashKey Group.\nAs Hong Kong forges ahead with its push to transform into a major crypto hub, it has been attracting more Web3 events to the city and trying to bring in big-name speakers. Investor Cathie Wood, founder of US funds manager ARK Invest, was the most high-profile speaker at this year\'s Web3 Festival, although she dialled in remotely for a video chat. She praised Hong Kong\'s regulatory efforts and suggested the US is lagging behind.\nDo you have questions about the biggest topics and trends from around the world? Get the answers withSCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.\nARK Invest founder Cathie Wood speaks during a fireside chat with HashKey Capital at the Hong Kong Web3 Festival on April 6, 2024. Photo: SCMP / Matt Haldane alt=ARK Invest founder Cathie Wood speaks during a fireside chat with HashKey Capital at the Hong Kong Web3 Festival on April 6, 2024. Photo: SCMP / Matt Haldane>\n"We are very impressed with what [Hong Kong] has done in providing a comprehensive regulatory framework for exchanges and institutions from a custody point of view," Wood said in an onstage interview with HashKey Capital. "This regulatory clarity is critical, we think, to enabling the proliferation of the technology faster perhaps in Hong Kong than in the United States."\nWood encouraged businesses in Hong Kong to take advantage of existing regulatory arbitrage as a "global opportunity". She also offered an extremely optimistic view of where the price of bitcoin is headed: US$1.5 million by 2030. Its record price was more than US$73,000 on March 13 and currently sits around US$68,000.\nThis year\'s Web3 Festival started shortly after the conclusion of the WOW Summit and the Liquidity 2024 Institutional Digital Asset Summit, which both dealt with crypto-related topics. Even more events are planned for later this year.\nMay will see both Wiki Finance Expo and Bitcoin Asia, and Chainlink will host its SmartCon event in Hong Kong in October. CoinDesk - recently acquired by crypto exchange Bullish, which has strong ties to the city - will bring its major Consensus conference to Hong Kong next year.\nStill, the flood of events risks dividing attention, especially with so many other major events taking place in other locations. Token2049 - which holds its flagship event in Singapore and once took place in Hong Kong - is hosting its Dubai conference in two weeks. Paris Blockchain Week is also this week, and ETH Seoul was the last three days of March.\nWith other events clustered so closely together, the Web3 Festival was smaller in scale than last year, which happened a few months after Hong Kong announced it\'s big crypto push.\nThe event this year covers less area in the Convention and Exhibition Centre in Wan Chai, and it has fewer exhibitors, according to HashKey Exchange CEO Livio Weng. However, the event has more sponsorship revenue than last year, and there are more side events, he said.\nHong Kong has maintained its commitment to trying to draw the crypto industry to the city after a number of high-profile scandals and collapses in 2022 and 2023. A mandatory licensing scheme that took effect last year was meant to provide regulatory clarity to make the market more attractive. It has drawn24 applicants so far.\nThe city is also moving toregulate stablecoinsandover-the-counter cryptocurrency shops. Many are anticipating the approval of spot bitcoin ETFs, as well.\n"Hong Kong remains the most exciting global opportunity anywhere for a firm wanting to build a virtual assets business or invest in virtual assets," said Sean Lawrence, head of Asia-Pacific at crypto data provider Kaiko. The city\'s advantages include supportive and clear policy directives, a talent pool with experience in traditional finance, and capital to be allocated to virtual assets, he added.\nHowever, he noted that entrepreneurs and investors should be "prepared to commit significant time, money and effort", which are necessary to build consumer-protected, sustainable businesses in Hong Kong.\nThis article originally appeared in theSouth China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore theSCMP appor visit the SCMP\'sFacebookandTwitterpages. Copyright © 2024 South China Morning Post Publishers Ltd. All rights reserved.\nCopyright (c) 2024. South China Morning Post Publishers Ltd. All rights reserved.', 'Dubai, UAE, April 07, 2024 (GLOBE NEWSWIRE) -- In the ever-turbulent sea of cryptocurrency investments, a significant shift in investor strategy has emerged, with many choosing to redistribute their Bitcoin (BTC) holdings to capitalize on the recent surge in Bitcoin Cash (BCH). This strategic reallocation underscores a broader narrative within the digital currency space, where Bitcoin Cash\'s pump has not only caught the attention of seasoned investors but has also sparked discussions about the future trajectory of both cryptocurrencies. Amidst this reorientation,Shiba Budz (BUDZ)emerges as a compelling narrative, offering a fresh investment avenue alongside the titans of Bitcoin (BTC) and Bitcoin Cash (BCH).\nBitcoin (BTC) vs. Bitcoin Cash (BCH): A Shift in Momentum\nFor years, Bitcoin (BTC) has held the crown as the undisputed leader of the cryptocurrency world, with its pioneering technology and unmatched market capitalization. However, Bitcoin Cash (BCH), a fork ofBitcoin (BTC)aimed at addressing scalability issues, has recently seen a significant uptick in investor interest. This surge in Bitcoin Cash (BCH) has led many investors to reassess their portfolios, with some choosing to split their Bitcoin (BTC) bags to join the promising pump in BCH.\nThe Bitcoin Cash (BCH) Surge: A Catalyst for Change\nThe recent pump in Bitcoin Cash (BCH) has been a wake-up call for the crypto community, highlighting the potential for high returns outside of traditionalBitcoin (BTC)investments. Investors, attracted byBitcoin Cash\'s (BCH)lower transaction fees and faster processing times, view BCH as a practical alternative to BTC for daily transactions and speculative investments. This shift has been fueled by Bitcoin Cash\'s (BCH) efforts to position itself as a more user-friendly version of Bitcoin (BTC), capable of facilitating widespread adoption of cryptocurrency.\nShiba Budz (BUDZ): A New Player Emerges\nIn the midst of the BTC versus BCH debate,Shiba Budz (BUDZ)offers a unique proposition for investors seeking diversification and novelty. As a new entrant in the cryptocurrency market, BUDZ taps into the growing interest in meme coins and NFTs, providing a platform that blends entertainment with investment potential. Shiba Budz (BUDZ) stands out for its commitment to creating a vibrant ecosystem around digital collectibles, appealing to a new generation of investors drawn to the intersection of pop culture and digital currency.\nInvestor Strategy: Balancing BTC, BCH, and BUDZ\nThe diverging paths of Bitcoin (BTC) and Bitcoin Cash (BCH), coupled with the rise ofShiba Budz (BUDZ),present a complex landscape for investors. Those reallocating their Bitcoin (BTC) holdings to capitalize onBitcoin Cash\'s (BCH)pump are also exploring opportunities like BUDZ, which offer a different risk-reward profile. By spreading their investments across BTC, BCH, and BUDZ, investors can balance potential gains from established cryptocurrencies with the speculative upside of emerging tokens.\nWhat\'s Next for BTC, BCH, and BUDZ?\nAs the crypto market continues to evolve, the dynamic between Bitcoin (BTC), Bitcoin Cash (BCH), andShiba Budz (BUDZ)will likely influence future investment strategies. Bitcoin (BTC) remains a cornerstone of the cryptocurrency world, offering stability and long-term value. Bitcoin Cash (BCH), with its recent surge, demonstrates the potential for alternative coins to challenge established norms and deliver substantial returns. Meanwhile, Shiba Budz (BUDZ) represents the next frontier of crypto investments, where meme culture and technological innovation converge.\nConclusion: Navigating the Crypto Landscape\nThe redistribution of Bitcoin (BTC) holdings in favor of Bitcoin Cash (BCH) and the emerging interest inShiba Budz (BUDZ)underscore a broader trend in cryptocurrency investments. As investors seek to maximize returns and explore new avenues, the balance between traditional and novel cryptocurrencies becomes increasingly important. With BTC, BCH, and BUDZ each offering distinct advantages, the key for investors lies in strategic diversification, ensuring exposure to both the stability of established tokens and the growth potential of emerging digital currencies.\nFor more information on the Shiba Budz (BUDZ) Presale:\nPresale Website:SHIBA BUDZ (BUDZ)\nUse Promo Codebudzmoon30to get 30% bonus\nJoin and become a BUDZ member:\nTelegram:https://t.me/ShibaBudzP2E\nTwitter:SHIBA BUDZ "$BUDZ" (@ShibaBudz) / X\nDisclaimer:\xa0The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.\nCONTACT: Alan smith support at shibabudz.org', 'Duba **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: 2024-04-07 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,368,071,410,875 - Hash Rate: 702485126.7166051 - Transaction Count: 526130.0 - Unique Addresses: 652726.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.78 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: HONG KONG (AP) — Asian stocks were mixed on Wednesday after tumbling Big Tech stocks dragged Wall Street to its worst day in three weeks. U.S. futures and oil prices rose. Japan’s Nikkei 225 index edged 0.1% lower to 40,067.13. Hong Kong’s benchmark rebounded 2.3% to 16,539.01 ahead of reports by top Chinese economic officials on the sidelines of the annual session of the country's ceremonial legislature. It had fallen 2.6% a day before, after China’s premier said the country’s target for economic growth this year isaround 5%and outlined plans for only modest stimulus to spur spending and investment. The Shanghai Composite index gained 0.1% to 3,051.35. Meetings on Wednesday may provide more details on the government plans to stimulate China's economy as its growth slows. “While China is selling economic resilience, if not, rejuvenation, no one is buying as yet. Of concern is the frugality of stimulus measures and signals embedded in the NPC," Tan Boon Heng of Mizuho Securities said in a commentary. In Seoul, the Kospi sank 0.3% to 2,642.13. South Korea’s inflation accelerated in February, with the consumer price index rising 3.1% compared to the same month a year earlier, according to official data Wednesday. The Bank of Korea held interest rates steady for a ninth straight meeting last month, while the inflation rate remains higher than the annual target of 2%. Elsewhere in Asia, Australia’s S&P/ASX 200 edged 0.1% higher to 7,735.80 after the Australian Bureau of Statistics said the economy expanded at a 0.2% pace in the last quarter. India’s Sensex slipped 0.1% and Bangkok’s SET added 0.9%. On Tuesday, the S&P 500 dropped 1% to 5,078.65 for its second straight loss after closing last week at an all-time high. The Dow Jones Industrial Average fell 1% to 38,585.19, and the Nasdaq composite led the market lower with a 1.7% slide to 15,939.59. Apple’s decline of 2.8% was one of the heaviest weights on the market. It has been struggling on worries about sluggish iPhone sales in China, where it faces tough competition and afaltering overall economy. Bitcoin briefly rose above $69,000Tuesday, surpassing its record set in 2021, before pulling back below $63,000. It's been surging in part because of new exchange-traded funds that offer easier access for investors to the cryptocurrency. It roughly tripled over the last 12 months, but it's notorious for huge swings in both directions that can happen painfully and suddenly. Hopes for coming cuts to interest rates got a boost after a report showed growth for U.S. construction, health care and other services industries slowed by more last month than economists expected. Perhaps more importantly for the market, the report also said prices paid by services businesses rose at a slower pace in February than in January. A separate report, meanwhile, said U.S. factory orders weakened by more in January than expected. Wall Street’s hope has been that the economy will continue plugging along, but not at such a strong pace that it keeps upward pressure on inflation. That’s because traders want the Federal Reserve to cut interest rates this year, something it’s hinted it will do only if inflation cools decisively toward its 2% target. Following Tuesday's reports, bets have built among traders that the Federal Reserve will begin cutting interest rates in June. The Fed's main rate is at its highest level since 2001 in hopes of grinding down inflation. Any cuts would relieve pressure on the economy and financial system. Fed Chair Jerome Powell will give testimony before Congress on Wednesday, which could further sway expectations for when cuts to rates could begin. In the bond market, the yield on the 10-year Treasury fell to 4.15% from 4.22% late Monday. In other trading, U.S. benchmark crude oil added 12 cents to $78.27 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, rose 11 cents to $82.15 per barrel. The U.S. dollar slipped to 149.97 Japanese yen from 150.04 yen. The euro also fell, to $1.0853 from $1.0855.... - Reddit Posts (Sample): [['u/mehmetdayi88', 'Community Takeover $Poowel Looks Primed For New Highs', 1529, '2024-04-07 00:07', 'https://www.reddit.com/r/CryptoMoonShots/comments/1bxnoco/community_takeover_poowel_looks_primed_for_new/', "~Our New Tweet: https://twitter.com/poowel_solana/status/1776718775003332614\n\nSitting within the strongly trending PoliFi category of Solana memecoins Joram $Poowel (after FED chair Jerome Powell) is a solid pick to capitalise on the ongoing Solana memecoin mania. \n\nSurrounded by rugs & scams launched by predatory devs, $Poowel stands out as a genuine community takeover that has impressively built from $50k market cap valuation up to $4m (hitting a peak of $6m so far). \n\nAll the talk for this cycle is of a 'Barbell Portolio' where smart money focuses on Bitcoin and the ETF narrative and retail mostly flocks to Solana for cheap transactions and memecoins that 1000x within weeks. \n\nAs with previous cycles we should expect the trend to be our friend and for the 'Barbell Portfolio' to continue to outperform... with attention from the presidential election campaign leading other PoliFi tokens to $500m+ valuations I think we can safely say a solid project like $Poowel, with a transparent & highly active community team, to outperform in this sector and within Solana memes in general. \n\nMoney printing is the largest meme within this space, and the very reason for the existence of Bitcoin & crypto in the first place. \n\nJoram Poowel has built rock solid foundations and looks set to tap into this ongoing narrative of money printing and the devaluation of fiat currency by irresponsible centralised powers. \n\nThe real Powell is sure to keep the money printer running, continue adding to the gargantuan national debt and further devaluing the dollar. \n\nThe $Poowel token is currently valued at $0.004. How long until the money printer brrrrrs so hard that $Poowel ends up pegged to the dollar?\n\n1 $POOWEL = 1 $USD \n\nHow long until it catches up with the worlds biggest shitcoin? In a world where $Boden ripped 1000x in just 1 month this is entirely possible.\n\n~OUR LINKS:\n\nX: https://x.com/poowel_solana?s=21\n\nTelegram: @jerompoowel\n\nWebsite: https://pooweltothepeople.com/", 'https://www.reddit.com/r/CryptoMoonShots/comments/1bxnoco/community_takeover_poowel_looks_primed_for_new/', '1bxnoco', [['u/MyMagicJohnsonIsSick', 14, '2024-04-07 00:12', 'https://www.reddit.com/r/CryptoMoonShots/comments/1bxnoco/community_takeover_poowel_looks_primed_for_new/kydv5za/', 'Been watching this one for a while, might be time to throw in a few sol', '1bxnoco'], ['u/Doge_advocate', 12, '2024-04-07 00:15', 'https://www.reddit.com/r/CryptoMoonShots/comments/1bxnoco/community_takeover_poowel_looks_primed_for_new/kydvly3/', '$POOWEL is the only option out there. We are the new $1 step aside fed', '1bxnoco'], ['u/Nomadicboatguy', 10, '2024-04-07 00:15', 'https://www.reddit.com/r/CryptoMoonShots/comments/1bxnoco/community_takeover_poowel_looks_primed_for_new/kydvmql/', 'Moving in with size, FULL CONVICTION', '1bxnoco'], ['u/Vegeta_070', 13, '2024-04-07 00:47', 'https://www.reddit.com/r/CryptoMoonShots/comments/1bxnoco/community_takeover_poowel_looks_primed_for_new/kye0fr4/', 'Seems interesting', '1bxnoco']]], ['u/losttraveler36', 'The only thing about Litecoin that doesn’t make sense', 18, '2024-04-07 00:25', 'https://www.reddit.com/r/litecoin/comments/1bxo2xl/the_only_thing_about_litecoin_that_doesnt_make/', 'This is something I have warrior wondered about for a long time, why is the block time four times faster and not five times faster? \n\nSeems like “5X faster than bitcoin” or “2 minute block time” would roll off the tongue and adhere more to peoples favor towards nice numbers. Any info on this?\n\n Other than that I’ll just keep using and stacking LTC ', 'https://www.reddit.com/r/litecoin/comments/1bxo2xl/the_only_thing_about_litecoin_that_doesnt_make/', '1bxo2xl', [['u/Upper-Log-131', 33, '2024-04-07 02:05', 'https://www.reddit.com/r/litecoin/comments/1bxo2xl/the_only_thing_about_litecoin_that_doesnt_make/kyecc8q/', 'The only thing about litecoin that doesn’t make sense is the price', '1bxo2xl']]], ['u/CereBRO12121', 'This guy gets it!', 206, '2024-04-07 00:27', 'https://www.reddit.com/r/Bitcoin/comments/1bxo4vx/this_guy_gets_it/', 'Was thinking about selling some BTC, I took this as a sign. \n', 'https://i.redd.it/7xy80f1lqxsc1.jpeg', '1bxo4vx', [['u/ZebbHB', 20, '2024-04-07 04:44', 'https://www.reddit.com/r/Bitcoin/comments/1bxo4vx/this_guy_gets_it/kyezozn/', "No. He's just from Hof. HO stands for the City of Hof. And DL are most likely the initials of the carholder.\nSo it's just Dieter Laschbrunzler from Hof driving his car in bavaria to get some Weißwurst.", '1bxo4vx']]], ['u/Despacit0', 'Can someone help me with my portfolio?', 10, '2024-04-07 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/1bxonl6/can_someone_help_me_with_my_portfolio/', 'Hey guys, im new to crypto space. I have my investments in stocks and last week started my research on crypto and I got convinced to start investing. Then sold some of my stocks and here we are! I started with 15k and here is my crypto account portfolio so far based on percentage.\n\nBiggest three makes up for 84% of my portfolio \n\nBTC - 61%\nSOL - 15%\nLINK - 8%\n\nOthers - 16%\n\nRNDR \nNEAR \nHBAR\nGRT\nDOT \nDOGE \nSHIB\n\nI did extensive research on BTC, SOL & LINK. I will be keeping those 3 and add money to them every week. As for the others, which should I get rid of and keep? I feel its too spread out. Thanks for your time in advance!\n\n\n', 'https://www.reddit.com/r/CryptoCurrency/comments/1bxonl6/can_someone_help_me_with_my_portfolio/', '1bxonl6', [['u/Starkey18', 11, '2024-04-07 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/1bxonl6/can_someone_help_me_with_my_portfolio/kye1lin/', 'Long term: 100% bitcoin\nShort term: what you’ve done is fine, just get ready for a rollercoaster', '1bxonl6']]], ['u/h82nk', 'If you don’t believe it or don’t get it, I don’t have the time to try to convince you, Sorry', 31, '2024-04-07 01:03', 'https://www.reddit.com/r/AerodromeFinance/comments/1bxoyva/if_you_dont_believe_it_or_dont_get_it_i_dont_have/', 'Hey Aeronauts! 🚀\n\nWith Bitcoin starting to pump, it\'s the perfect time to look at the bigger picture and appreciate the strides we\'ve made with Aerodrome. Remember what Satoshi said, "I*f you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry*." Our belief in the fundamentals is what sets us apart.\n\nAerodrome is making waves with its latest updates, enhancing user experience and liquidity options. We\'re not just preparing for the bull run; we\'re leading the charge!\n\nHere are some promising data points:\n\n* **Total Value Locked (TVL):** We\'ve seen significant growth in TVL, indicating increased trust and participation in the Aerodrome ecosystem.\n* **Volume:** Trading volumes are on the rise, showcasing the platform\'s growing popularity and activity.\n* **Swap Fees:** Higher swap fees reflect the vibrant trading environment, directly benefiting our loyal AERO holders.\n\nThe crypto journey is a marathon, not a sprint. Let\'s keep stacking, stay patient, and trust in the long-term potential of our investments. Ignore the short-term noise and stay focused on the ultimate goal.\n\nWe\'re all in this together, and the best is yet to come. With the Aerodrome community\'s unwavering support, we\'re not just aiming for the moon – we\'re aiming for the mars! 🌟\n\nhttps://preview.redd.it/jvshs2ktwxsc1.png?width=1024&format=png&auto=webp&s=e0b278f4fdea23c07037209acbae0289a96f521a', 'https://www.reddit.com/r/AerodromeFinance/comments/1bxoyva/if_you_dont_believe_it_or_dont_get_it_i_dont_have/', '1bxoyva', [['u/Father_Time_101', 12, '2024-04-07 01:10', 'https://www.reddit.com/r/AerodromeFinance/comments/1bxoyva/if_you_dont_believe_it_or_dont_get_it_i_dont_have/kye3zz1/', 'Remember, John, you are not alone in your struggles. There are people who care about you and want to help you, like me.', '1bxoyva']]], ['u/Carl_Menger21', 'I will buy and hold BTC for the rest of my life. No matter what others tell me.', 497, '2024-04-07 01:39', 'https://www.reddit.com/r/Bitcoin/comments/1bxprmz/i_will_buy_and_hold_btc_for_the_rest_of_my_life/', 'Hey Bitcoiner,\n\nI\'m at a point where I am more than 100% convinced in what I\'m doing.\nI will work, save in Bitcoin, hold and repeat. \n"But what if the price will crash?" - that\'s human psychology, I don\'t look at the price \nBitcoin will crash again and again and again and it\'s okay\n\nI understood it. There is only 1 network in the entire world which is absolutely scarce. Bitcoin.\nBitcoin not crypto. Bitcoin nothing else.\n\nYou can find more gold, you can find more silver, they will buy more houses, they will print infinitely more fiat and altcoins can be changed (because they aren\'t decentralized at all. It\'s always a group of people who can decide the rules).\n\nNo single identity can change the supply of Bitcoin. Never. It\'s not a question of software. It\'s a social question.\nIf someone wants to change the 21M supply he would have to convince thsousands of people which are running a node to accept his rules.\n\nBitcoin is the only decentralized timestamp. Bitcoin is the monetary black hole because everything will extend but only BTC will be fixed.\nBitcoin is the hardest money ever invented/discovered and everyone can run his own node, have his own private keys and nobody can stop it.\nBitcoin is the solution to humanity\'s money problem since there are humans on this planet.\n\nIf someone tells me: "no you shall not put everything into one basket." \nThen I know with 100% certainty that this person is new to Bitcoin or to lazy to study it.\nI thought the same at the beginning. After many years of studying I know there is only 1. Bitcoin.\n\nThanks for your time reading it.\n\nYours sincerely,\nA young Bitcoiner', 'https://www.r... 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:** ["Genesis, a bankrupt cryptocurrency lending firm, hasreportedlysold 36 million shares of the Grayscale Bitcoin Trust (GBTC) in order to acquire additionalBitcoin (BTC)and settle its debts with creditors. The sale took place on April 2, with each share valued at around $58.50 at that time, resulting in a total amount of $2.1 billion.\nGenesis initially sought permission from a US bankruptcy court to sell these GBTC shares on February 2, when they were priced at $38.50. The US judge overruled a filing by Digital Currency Group (DCG) to consult on the sales. DCG is the parent company of Genesis and Grayscale.\nWith the funds raised from the sale, Genesis purchased 32,041 Bitcoin at a price of $65,685 per BTC. The Bitcoin acquired by Genesis is currently worth around $2.18 billion. This move is part of the company's efforts to repay its creditors. However, cryptocurrency exchange Coinbase recently stated that the sell-off is not expected to have a significant impact on the broader crypto market, as the “funds will likely remain within the crypto ecosystem.”\nUnder the bankruptcy plan, Genesis had the option to convert the GBTC shares into Bitcoin on behalf of the creditors or sell the shares and distribute the cash. The rules allowed for either approach. Genesis filed for Chapter 11 bankruptcy in January 2023.", "Genesis, a bankrupt cryptocurrency lending firm, hasreportedlysold 36 million shares of the Grayscale Bitcoin Trust (GBTC) in order to acquire additionalBitcoin (BTC)and settle its debts with creditors. The sale took place on April 2, with each share valued at around $58.50 at that time, resulting in a total amount of $2.1 billion.\nGenesis initially sought permission from a US bankruptcy court to sell these GBTC shares on February 2, when they were priced at $38.50. The US judge overruled a filing by Digital Currency Group (DCG) to consult on the sales. DCG is the parent company of Genesis and Grayscale.\nWith the funds raised from the sale, Genesis purchased 32,041 Bitcoin at a price of $65,685 per BTC. The Bitcoin acquired by Genesis is currently worth around $2.18 billion. This move is part of the company's efforts to repay its creditors. However, cryptocurrency exchange Coinbase recently stated that the sell-off is not expected to have a significant impact on the broader crypto market, as the “funds will likely remain within the crypto ecosystem.”\nUnder the bankruptcy plan, Genesis had the option to convert the GBTC shares into Bitcoin on behalf of the creditors or sell the shares and distribute the cash. The rules allowed for either approach. Genesis filed for Chapter 11 bankruptcy in January 2023.", 'As of April 5, theNasdaq Composite Indexhas soared 43% in 2024. This performance has been lifted by strong gains for dominant tech companies.\nBut the cryptocurrency market has said, "Not so fast." From the beginning of last year to today, the digital asset industry\'s entire value has more than tripled. Investors are flocking to the riskiest asset class in dramatic fashion.\nIt\'s no surprise that some of the most speculative tokens are experiencing strong momentum, particularly more recently. For example,Shiba Inu(CRYPTO: SHIB)has skyrocketed roughly 150% in the past few weeks. Maybe there\'s growing interest that morespot ETFswill be approved followingBitcoin.\nEven after its run-up, perhaps some daring investors are ready to buy Shiba Inu on the dip while it\'s still significantly below $0.01. Is that a smart idea?\nAt The Motley Fool, we urge investors to adopt a long-term mentality. That means thinking in terms of the next five years, and ideally more. This makes worrying about the next few months or quarters seem silly.\nWhile it\'s important to think this way when it comes to stocks, it\'s also critical to adopt this mindset with cryptocurrencies. It\'s so easy to get caught up in short-term price movements, especially when they\'re as wild as what can happen with digital tokens. But what matters at the end of the day are the fundamentals.\nWith this mental framework, investors looking to buy Shiba Inu should start to ask if there\'s really any point to this cryptocurrency. To be fair, I\'ll give the founders credit for creating a $16 billion blockchain network in less than four years. Given that the crypto industry values having a strong community of supporters, viewed in this light, Shiba Inu might be a smashing success for some.\nBut going back to that long-term mindset, investors need to wonder where Shiba Inu could be a decade from now. I\'m a firm believer that for any cryptocurrency to survive, it will eventually need to figure out how to raise utility and gain broad adoption.\nBy being built on top of theEthereumnetwork, Shiba Inu was created differently from its inspiration,Dogecoin, which is its own blockchain. This makes Shiba Inu\'s native token, SHIB, compatible with the vast ecosystem of Ethereumdecentralized applicationsout there.\nHowever, I suspect Shiba Inu isn\'t used much for its intended purpose, like to purchase non-fungible tokens, use decentralized finance protocols, or buy virtual land in the metaverse. It doesn\'t even crack the top 100 cryptocurrencies when it comes to developer activity. That doesn\'t bode well for its future.\nShiba Inu currently trades 70% below its peak price. The all-time high was during the raging bull market of 2021. I\'m not sure this type of run will happen again.\nWarren Buffett once said that investors should be comfortable buying a stock if the market closed for the next five years. Applying this time of thinking to cryptocurrencies might seem crazy given how volatile the industry is and how much change happens, but it\'s a valuable perspective to have. I don\'t believe anyone could view an investment in Shiba Inu in this light. Five years from now, there\'s a significant probability that its value will approach zero.\nThe only reason to buy it is if you think you can correctly time the market, with the hope of buying at the lows and selling after massive bull runs. But no one can do this successfully on a consistent basis.\nEven with Shiba Inu trading well below a penny, it\'s best not to park your hard-earned savings in it.\nBefore you buy stock in Shiba Inu, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Shiba Inu wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $539,230!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of April 4, 2024\nNeil Pateland his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has adisclosure policy.\nShould You Buy Shiba Inu While It\'s Less Than a Penny?was originally published by The Motley Fool', "• Bitcoin rose above $71,000 in Asian afternoon hours for the first time since April 1 ahead of the reward halving expected later this month, boosting Ordinal and BRC-20 ecosystem bets.\n• The halving will reduce the rate at which new coins are created, an event that has historically preceded a bull market for the cryptocurrency.\nBitcoin topped $71,000 in Asian trading hours Monday ahead of the reward halving expected on April 20, giving some Ordinal and BRC-20 ecosystem bets a boost even as the broader crypto market remained little changed.\nBTC rose 2% in the past 24 hours taking it to the highest since April 1, data from CoinGecko shows. The broad-basedCoinDesk 20, an index of the most liquid tokens excluding stablecoins, was up 0.43%.\nWhen halving occurs, the reward for mining transactions is cut by 50%, reducing the rate at which new coins are created and thus lowering the available new supply. This has historically preceded a bull market for the token.\nThe current block reward is 6.25 BTC, and will drop to 3.125 BTC after the halving. Open interest on BTC-tracked futures has maintained record-high levels at above $25 billion for a few weeks, indicative of leveraged bets on more expected price volatility.\nSome Bitcoin ecosystem tokens and projects rose as traders expect a BTC rally following thehalving event. Such bets are a way to gain proxy exposure to bitcoin's rise without using futures products or leverage.\nData shows Ordinals volumes were higher than those of usual leaders Ethereum and Solana in the past week, led by NodeMonkes and Pups. Non-fungible token (NFT) buying and selling activity declined 95% across all networks in the same period, suggestive of an isolated rise in Ordinals.\nThe BRC-20 category of tokens gained nearly 6% in the past 24 hours. Infrastructure token Multibit (MULTI) rose 22%, while meme coins pepe {{PEPE}}, alex (ALEX) and pizza (PIZA) rose as much as 60%.\nPUPS, the token of the Pups Ordinal, lost 22% as traders took profits after a 500% jump over the weekend.\nOrdinals are a way to embed data into the Bitcoin blockchain by inscribing references to digital art into small bitcoin-based transactions. The BRC-20 standard (BRC stands for Bitcoin Request for Comment) was introduced last year to allow users to issue transferable tokens directly through the network for the first time.", "• Bitcoin rose above $71,000 in Asian afternoon hours for the first time since April 1 ahead of the reward halving expected later this month, boosting Ordinal and BRC-20 ecosystem bets.\n• The halving will reduce the rate at which new coins are created, an event that has historically preceded a bull market for the cryptocurrency.\nBitcoin topped $71,000 in Asian tra **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: 2024-04-08 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,417,099,858,250 - Hash Rate: 652897941.3013152 - Transaction Count: 455617.0 - Unique Addresses: 685180.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.76 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Current FTX CEO John J. Ray III is pushing back against his disgraced predecessor Sam Bankman-Fried’s claims that customers lost “zero” money in the exchange’s 2022 collapse, calling them “categorically, callously, and demonstrably false.” In a victim impact statement penned by Ray on behalf of FTX and its subsidiaries, Ray told New York District Court Judge Lewis Kaplan that Bankman-Fried’s “delusional” claims that his exchange was solvent are a “mischaracterization” of the estate’s January statement that they expect topay customers back in full. Bankman-Fried and his legal team have leaned heavily on the estate’s recovery, arguing in his February sentencing submission that the “harm to customers, lenders, and investors is zero” and, as such, Judge Kaplan should consider a maximum sentence of 6.5 years in prison – far less than the 40-50 year sentence recommended by prosecutors or the 100 year sentence suggested by the probation department. But just because the FTX estate was able to scrape together enough money to pay back the exchange’s customers – massively aided by the run-up in bitcoin’s price as well as the “tens of thousands of hours…spent digging through the rubble of Mr. Bankman-Fried’s sprawling criminal enterprise to unearth every possible dollar, token, or other asset” – does not mean that Bankman-Fried’s behavior was not criminal, Ray argued. Ray told the court that, when he took over, the exchange’s coffers were nearly empty – a mere 105 bitcoins remained on the platform, compared with the nearly 100,000 bitcoins customers were entitled to. Some of the lost assets were recovered, Ray said, while others, including bribes to Chinese officials and the “hundreds of millions of dollars” Bankman-Fried spent on various investments or buying access to celebrities and politicians are gone for good. “The harm was vast. The remorse is nonexistent,” Ray wrote in the Wednesday court filing. “Effective altruism, at least as lived by Sam Bankman-Fried, was a lie.” Ray told the court that, despite the current plan to get their money back, many of FTX’s customers remain “extremely unhappy” with the valuation of their funds. Because customers will be refunded based on the value of their portfolios at the time of the bankruptcy – not today’s much higher value – they will “never be returned to the same economic position they would have been in today absent [Bankman-Fried’s] colossal fraud,” Ray argued. In their own victim impact statements filed earlier this week, dozens of FTX customers detailed theemotional and financial tollthe exchange’s collapse had on their personal lives. “There should be no delusion that because assets have increased in value or that the professionals have been able to recover funds and assets taken or stolen from the estate, that there was no need [to file for bankruptcy],” Ray wrote. “Make no mistake; customers, non-governmental creditors, governmental creditors, and non-insider stockholders have suffered and continue to suffer.” Bankman-Fried is scheduled to be sentenced on March 28.... - 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:** ['Grab(GRAB),\xa0the Singapore-headquartered “Everyday Everything App,” is Southeast Asia’s answer to Uber, DoorDash, Instacart, and Venmo — all in a single platform.\nBest known for its ride-hailing and delivery services, the Grab app also offers a wallet feature that allows users to make payments online and in person, send money to family and friends, finance purchases over time, and even buy travel insurance.\nIn essence, Grab is (attempting to become) the go-to digital toolkit for everyday life in theeight countries in which it operates— currently, that’s Cambodia, Indonesia, Singapore, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam.\nThe app has been called Southeast Asia’s answer to Uber, and, as of late 2023, Grab reportedly serves 35 million unique users each monthaccording to the Business Times.\nPhoto by Paul Lakatos/SOPA Images/LightRocket via Getty Images\nTrading publicly in the United States on theNasdaq exchangesince its 2021IPO, the company turned a profit for the first time during the fourth quarter of 2023 and shows no signs of slowing down.\nHere’s what you need to know about Grab\'s features, its stock, and its ongoing quest to become Southeast Asia’s “one app to rule them all.”\nRelated: Surge pricing: Examples & how it works on Uber, Lyft, DoorDash & more\nGrab was born in 2012 atHarvard Business School,the brainchild of Anthony Tan (CEO) and Tan Hooi Ling (COO), both Malaysian nationals who earned their MBAs there the year prior. The pair launched their mobile app — then called “My Teksi” — using a $25,000 grant from the school along with an unknown amount of personal capital.\nThe purpose of the app was to connect taxi drivers with passengers via their smartphones in order to create a simple and orderly alternative to Malaysia’s then-chaotic (and sometimes unsafe, especially for female riders) ride-hailing environment.\nIn 2013, the company — by then called GrabTaxi — expanded, making its digital ride-hailing app available in the Philippines that summer, then in Singapore and Thailand before the year’s end. The next year, the company rolled out a fleet of 100 electric taxis in Singapore, expanded operations to major cities in Vietnam and Indonesia, and launched GrabBike, a ride-hailing service for motorbike rides.\nLionel Ng/Bloomberg via Getty Images\nIn 2015, the company launched GrabExpress as a package courier service. The following year, it rebranded (shortening its name to Grab and updating its logo) and introduced in-app messaging and translation for drivers and riders. It also created the GrabRewards program, through which users can earn points redeemable toward discounts on subsequent Grab services.\nIn 2017, the company launched GrabPay, its first financial technology offering, after acquiring an Indonesian payment company called Kudo. Next, it acquired Uber’s Southeast Asian assets and operations in early 2018, cementing Grab’s status as the dominant ride-hailing service in the region.\nAs a result of this acquisition, which included Uber Eats, Grab added food-delivery services to its suite of offerings, first in Singapore and Malaysia, and then in the remainder of its market before the year’s end.\nRelated: The 5 most startling Chapter 11 retailer bankruptcies since 2020\nAs part of this deal, Uberreceived a 27.5% stakein Grab, and Uber CEODara Khosrowshahijoined the company’s board. So, the American-based ride-hailing and delivery giant now has a vested interest in seeing Grab succeed in its own market. Also as part of this 2018 acquisition, Grabagreed to go public by March 2023, a promise it kept with a little over a year to spare.\nBusiness Insiderreported the same yearthat Grab had become Southeast Asia’s first “decacorn” after securing more funding than any other tech startup in the region during the three years prior.\xa0(Unicorns are privately held companies worth more than $1 billion, while “decacorns” are privately held companies worth over $10 million.)\nThe company continued to make acquisitions in the fintech space, gradually expanding its in-app financial offerings to include money transfers, payments to merchants, microloans, insurance services for drivers and passengers, and buy-now-pay-later programs.\nBloomberg/Getty Images\nBy the time it went public on the U.S. stock market via a SPAC merger with Altimeter Growth Corp., the company had built a vast network of partnerships that allowed customers to hail car and motorbike rides, book travel, order food, pay for goods and services, send and receive money, and even obtain travel insurance policies.\nIn December 2021, Grab shares opened at $13.06 during the company’s first day trading on the Nasdaq, but they tumbled to around half that by the end of the day. Shares continued to fall, and for the next two years, they bobbed up and down in the $2.80 to $3.80 range.\nIn the fourth quarter of 2023, however, Grab moved into the black for the first time,posting a profit of $11 millionon revenue of $653 million, up 30% from the 2022 fourth quarter.\nSo, what’s next for the Uber-backed “everything app?”\nRelated: A History of Reddit: From “front page of the internet” to billion-dollar valuation\nThemarket has knownsince late February 2024 that Grab became profitable during 2023’s final quarter and that it was initiating its first-evershare repurchaseprogram (both of these are usually positives for a stock). That news, however, didn’t seem to do much to bolster the company’s stock price, which sat at around $3.16 then and hadn’t moved much by early April.\nThe company’s first-quarter 2024earnings callis set for May 16, and any guidance the company issues on the call could be the catalyst that pushes the stock out of its limbo.\nAs of this article\'s last update, company insiders held about a quarter of Grab\'s stock, whileinstitutional investors— including Morgan Stanley, Blackrock, Invesco, and Bank of America — held just shy of 55% percent.Short intereststood at 2.73%, indicating largely positive sentiment.\nTiprankslisted Grab as a "strong buy"based on 10 analyst ratings with an average 12-month upside of about 34%.\nDuring the company’s last earnings call, CEO Anthony Tan said that Grab has grown to become the “largest on-demand platform in the region at a scale that is over 3x larger than [its] next-closest competitor.”\nHe also noted that, as pandemic-related travel hesitation has waned, the company’s “mobility revenues also increased by 26% YoY in Q4 and 36% YoY for the entire year, driven by an increase in tourist ride-hailing demand.”\nDuring the call, Tan mentioned that the brand is increasing its focus on its travel segment. The travel business offers hotel booking and travel insurance services (more on these below), as non-local travelers tend to spend more than local customers in the markets where Grab operates.\nAll signs point to continued growth, but growth is expensive, so whether the company will continue to post profits in subsequent quarters will depend on how much it spends on acquisitions and partnerships vs. how much it leverages its current assets.\nRelated: Boeing\'s turbulent descent: The company’s scandals & mishaps explained\nBecause Grab operates in hundreds of cities across eight different countries, the services it offers vary by location. So, some of the features explained here may not be available in all markets.\nFor instance, Grab users in Vietnam, where motorbikes are ubiquitous, can order motorbike rides as a cheaper alternative to hiring a car, whereas in Singapore, where motorbikes are less popular, only car taxi rides are available.\nTaxi-hailing was Grab’s first offering when it launched in Malaysia in 2012. The company’s mobility arm remains one of its most important, although it now ranks second to delivery in terms of revenue.\nFunctionally, Grab rides work much like those booked through Uber or Lyft in the U.S. Grab users can enter their destination and book taxi rides through the app with the cost shown up-front. Those willing to wait longer for a ride, share a car with other riders, or ride on the back of a motorbike can access lower fares.\nAll riders can view drivers’ details and ETA, and message drivers with instructions (the app can translate these messages if the rider and driver use different languages). Larger vehicles, pet-friendly cars, cars with booster seats for children, and luxury vehicles are also available at various price points.\nLILLIAN SUWANRUMPHA/Getty Images\nGrab offers three types of delivery services: food, mart, and express. Together, these services account for more revenue than the company’s ride-hailing services.\nGrab’s food-delivery feature is quite similar to DoorDash and Uber Eats. Customers can browse the menus of a variety of restaurants, ranging from street carts to fine dining, and order food for delivery, pick-up, or dine-in. Deliveries can be immediate or scheduled, and in-app discounts, coupons, and rewards are sometimes made available.\nGrab’s mart delivery feature is similar to American apps like Instacart and GoPuff. Users can browse the wares of partner grocery, pharmacy, and convenience stores and order anything from food staples to toiletries. Deliveries can scheduled ahead of time or placed on an ASAP basis.\nGrabExpress is the company’s courier feature, which offers the types of services bike messengers provide in large American cities. A user requests a delivery and then hands off their parcel to a Grab partner, who immediately totes it to its destination, providing photographic proof of delivery upon completion.\nThis service can be used to send anything from a confidential single-page document to a 50 kg (110 lb) package, and all deliveries are automatically insured up to $500 (additional protection of up to $2,000 can be purchased for higher-value deliveries).\nBloomberg/Getty Images\nSince around 2017, Grab has been expanding the financial side of its app via strategic acquisitions and partnerships with fintech **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: 2024-04-09 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,400,173,079,450 - Hash Rate: 603310755.8860255 - Transaction Count: 453811.0 - Unique Addresses: 683771.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.80 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: US stocks closed lower on Monday as investors girded for a week where Federal Reserve Chair Jerome Powell's testimony and the monthly jobs reportcould put equity gains to the test. The S&P 500 (^GSPC) fell just below the flatline afterending Friday with its 16th weekly winin 18 weeks. The Dow Jones Industrial Average (^DJI) declined 0.2%. The Nasdaq Composite (^IXIC) fell 0.4% as a drop in both Apple (AAPL) and Tesla (TSLA) shares weighed on the tech heavy index. Stocks have racked up gains amid a relentless AI-spurred run-up in techs, which helped the Nasdaq Composite (^IXIC) finally nail a fresh all-time high after a years long wait last week. The tech rally, and Nvidia's (NVDA) breakneck rise to a$2 trillion valuationin particular, has promptedconcerns about a building bubble— though someanalysts are less worried. Shares of the chipmaker rose 6% to new all time highs during Monday's session. Also on Monday, bitcoin (BTC-USD) rose more than 7% to hover above $67,000 as thecryptocurrency inchedcloser towards a record high, while Japan's Nikkei 225 stock index (^N225)breached the key 40,000 levelfor the first time. Gold futures (GC=F) gained as April contracts settled at a record $2126.3 per ounce. A dose of reality could lie ahead for the high hopes and the hype, when the Fed's Powell steps up to speak and the February jobs data arrives. Both will play into calculations for interest rate cuts and shed light on whether the US economy is headed for a"soft landing" or stagflation. Powell is set to give testimony to Congress on Wednesday, while the labor data is due on Friday. In a shot across the bows for Big Tech,EU antitrust regulators fined Appleabout $2 billion over App Store restrictions on Spotify (SPOT) and other music streaming services. Apple shares slipped 2.5% after the news. Among big movers, shares in Super Micro Computer (SMCI)poppedas much as 25% to a new all-time high on Monday ahead of the AI server maker's entry on the S&P 500. Macy's (M) stock jumped about 14% after bidders Arkhouse and Brigaderaised their buyout offerto $6.6 billion, a 33% premium to the closing price on Friday. Spirit Airlines (SAVE) shares fell more than 10% and JetBlue stock (JBLU) rose as much as 5% after the low-cost carriersannounced the terminationof their $3.8 billion merger agreement. A federal judgeblocked the dealback in January. • Mon, March 4, 2024 at 9:05 PM UTCInes FerréS&P 500, Nasdaq dip, bitcoin approaches new highsThe major averages retreated from last week's record closes while bitcoin inched closer to new highs on Monday.The S&P 500 (^GSPC) fell just below the flatline while the Dow Jones Industrial Average (^DJI) declined 0.3%. The Nasdaq Composite (^IXIC) fell 0.4%, weighed by a drop in shares of Apple (AAPL) and Tesla (TSLA).The EV maker's stock dropped to new multi-week lows as slowing China shipments and new price cuts hint at troubles for the EV stalwart in the world’s largest car market.Apple shares slid about 3% after the iPhone maker was hit with a$2 billion European Commission (EC) finefor allegedly breaking competition laws overseas. The tech giant is also bracing for a sweeping lawsuit from the Justice Department in the US.Nvidia (NVDA) stock touched new highs amid continued enthusiasm for semiconductors and artificial intelligence. Advanced Micro Devices (AMD) shares also rose more than 1%.Meanwhile Super Micro Computer (SMCI) stockpopped18% after surging more than 26% during trading ahead of the AI server maker's entry on the S&P 500.Investors were keeping a close eye on bitcoin (BTC-US) on Monday as the cryptocurrency rose as much as 7% to hover above $67,000 per token, inching closer to all-time highs.•USD(BTC-USD)FollowView Quote Details • Mon, March 4, 2024 at 8:33 PM UTCInes FerréTesla stock falls amid shipment slump, new price cuts in ChinaTesla (TSLA) shares dropped to new multi-week lows as slowing China shipments and new price cuts there hint at troubles for the EV stalwart in the world’s largest car market.Tesla shipped 60,365 vehicles from its Giga Shanghai factory in February, according to preliminary data from China’s PCA (Passenger Car Association) via Bloomberg. The February shipments represent a 16% drop from a month ago, and about a 19% drop from a year ago.Tesla shares are down roughly 7% in late afternoon trading, hitting levels not seen since late January.Read more herefrom Yahoo Finance's Pras Subramanian.•USD(TSLA)FollowView Quote Details • Mon, March 4, 2024 at 8:15 PM UTCInes FerréNvidia rallies to new highs, semis gainNvidia stock (NVDA) hit new all-time highs on Monday amid continued enthusiasm for semiconductors and artificial intelligence. The chipmaker was presenting at a Morgan Stanley conference on Monday. Shares gained more than 6% to touch an intraday record of $876.95 each.Advanced Micro Devices (AMD) also rose more than 4% to touch record levels of $211.01.Meanwhile, Super Micro Computer (SMCI)poppedas much as 26% to hit new highs ahead of the AI server maker's entry on the S&P 500. Super Micro Computer shares have surged more than 290% since the start of the year amid an ongoing craze over artificial intelligence.Gains in the semiconductor space helped maintain the Nasdaq Composite (^IXIC) around the flatline in afternoon trading.•USD(NVDA)FollowView Quote Details • Mon, March 4, 2024 at 7:25 PM UTCInes FerréApple gets squeezed by antitrust regulators on both sides of the AtlanticApple is getting squeezed by antitrust regulators on both sides of the Atlantic.Yahoo Finance's Alexis Keenan reports the iPhone maker was hit Monday with a$2 billion European Commission (EC) finefor allegedly breaking competition laws overseas — just as it was bracing for a sweeping lawsuit from the Justice Department in the US.Apple intends to fight the decision from the European Union’s antitrust regulator. It also has been trying to convince Justice Department officials not to file their suit, according to media reports.The company and its lawyerseven met with Assistant Attorney General Jonathan Kanter in late February to make a last-ditch argument, according to those reports.Apple shares were down 3% on Monday.Readmore here.•USD(AAPL)FollowView Quote Details • Mon, March 4, 2024 at 7:07 PM UTCInes FerréGas prices: 'Stark increases' expected amid 'stunted' refineries, higher oilGasoline prices have seen sharp increases amid recent refinery constraints and higher oil prices.The national average at the pump sat at $3.35 per gallon on Monday, up $0.09 from a week ago, but still $0.05 lower from exactly one year ago, according toAAA data."US refining has been stunted by severe weather and some power losses at key plants. We may in the next few days see US retail gas prices at a higher number than year-ago," Tom Kloza, global head of energy analysis at OPIS, told Yahoo Finance.West Texas Intermediate (CL=F) futures were trading just below the $79 level on Monday while Brent (BZ=F) fell to trade below $83 per barrel.Crude dipped despite an agreement by oil alliance OPEC+ toextend output cuts of 2.2 million per dayinto the second quarter. Expectations that the cartel would continue with the reductions hadlifted contract pricesin prior sessions.On Friday US crude futuressurged above $80 per barrelfor the first time since November.Read morehere.•USD(CL=F)FollowView Quote Details • Mon, March 4, 2024 at 7:00 PM UTCInes FerréBitcoin approaches all-time highsInvestors were keeping a close eye on Bitcoin (BTC-US) on Monday as the cryptocurrency rose as much as 7% in the past 24 hours, inching closer to all-time highs.Sizable amounts ofnew investor moneyhas poured into spot bitcoin exchange-traded funds since they wereapproved by the Securities and Exchange Commission in January.The token was trading at just around $54,000 one week ago. It has rallied more than 20% since then to hover above $66,500 on Monday afternoon.Bitcoin's all-time record high of $68,789.63 was reached in November 2021.Other corners of the crypto market have also rallied. Ethereum (ETH-USD) was up more than 2% on Monday to trade above $3,500.•USD(BTC-USD)FollowView Quote Details • Mon, March 4, 2024 at 6:15 PM UTCInes FerréFord stock rises as US sales jump 10.5% in FebruaryFord (F) stock rose more than 3% on Monday after a rise in the automaker's February sales, making the Dearborn-based automaker the No. 1 seller in America for the second straight month.As Yahoo Finance's Pras Subramanianreports, Ford also noted hybrid and EV sales gains, highlighting the importance of its electrified powertrains.Ford reportedFebruary sales were up 10.5%to 174,192 vehicles, topping Toyota’s total of 159,262.Interestingly, hybrid sales jumped 31.5%, to slightly over 12,000 units, powered by record sales of the Maverick hybrid compact pickup and the Ford Escape small SUV hybrid.Readmore here.•USD(F)FollowView Quote Details • Mon, March 4, 2024 at 5:30 PM UTCInes FerréTrending tickers on MondayTesla(TSLA)Shares of Tesla slid roughly 6% on Monday following a decline in the EV maker's February vehicle shipments out of its Shanghai factory along with recentreports of an escalating price warin China. Tesla shares are down 23% year to date.•USD(TSLA)FollowView Quote DetailsSuper Micro Computer(SMCI)Super Micro Computer stockpoppedas much as 26% on Monday ahead of the AI server maker's entry on the S&P 500. Shares of San Jose, Calif.-based IT company have surged more than 290% since the start of the year amid an ongoing AI craze.•USD(SMCI)FollowView Quote DetailsBitcoin(BTC-US)The token topped $67,000 on Monday as it inched closer to all-time highs. Bitcoin has rallied more than 20% in just one week.The cryptocurrency is less than a few percentage points away from reaching its November 2021 all-time high of $68,789.63.•USD(BTC-USD)FollowView Quote Details • Mon, March 4, 2024 at 4:46 PM UTCInes FerréBitcoin hovers above $66,000, inches towards record highBitcoin (BTC-USD) topped $66,000 on Monday as thecryptocurrencyinches closer towards a re... - 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 sold off on Tuesday as investors brace for the March CPI inflation report.\n• The inflation report will help set the narrative about future interest rate cuts from the Federal Reserve.\n• After the CPI report, investors will turn their attention to the start of first quarter earnings results.\nUS stocks slipped on Tuesday as investors brace for the Wednesday morning release ofthe March CPI report.\nThe March consumer price index report is set to be released Wednesday morning, and investors expect a continued decline in inflation. Current estimates suggest year-over-year core CPI will drop to 3.7% compared to the previous reading of 3.8%, while month-over-month Core CPI is expected to drop to 0.3% compared to the prior reading of 0.4%.\nAny acceleration in inflation will significantly raise the risk that interest rate cuts from the Federal Reserve are pushed back, and that could have negative implications for stock prices,according to JPMorgan.The bank previewed two other scenarios depending on what the CPI report looks like.\n"Tomorrow\'s March CPI report will be paramount," Macquarie strategist Thierry Wizman said.\nAfter the release of the CPI report, investors will turn their attention to the start of first quarter earnings results, with JPMorgan and Wells Fargo set to kick off earnings season before the market opens on Friday.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500:5,209.91, up 0.14%\n• Dow Jones Industrial Average:38,883.67, 0.02% (-9.13 points)\n• Nasdaq Composite:16,306.64, up 0.32%\nHere\'s what else happened today:\n• A famed recession indicator is flashing redeven as financial markets price in zero chance of a downturn in the coming year.\n• You can thank the baby boomers for the strong economy,according to Ed Yardeni, who said their spending in retirement will help lift economic growth going forward.\n• Any spike in inflation would send gold prices surging as much as 50% through 2025,according to market veteran Ed Yardeni.\n• These 8 stocks will post unexpectedly strong Q1 earningsduring one of the best settings for stock-pickers in almost 20 years, according to Evercore.\n• The highly volatile Destiny Tech100 fund that invests in private startups plunged 36%.Here are the fund\'s top 10 holdings.\n• Home prices are poised to jump another 5% in 2024as the market remains even tighter than it was in 2023, according to Capital Economics.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil dropped by 1.32% to $85.29 a barrel.Brent crude, the international benchmark, slipped 1.01% to $89.47 a barrel.\n• Goldjumped 0.68% to $2,367.00 per ounce.\n• The 10-year Treasury yield fell six basis points to 4.367%.\n• Bitcoindropped by 3.86% to $68,865.\nRead the original article onBusiness Insider', 'Analysts at JMP Securities firmed up their view of cryptocurrency exchangeCoinbase(NASDAQ: COIN)on Tuesday, noting now there is less room for error for the company. Nevertheless, JMP Securities maintained its "outperform" rating and boosted its price target to $320. That new price target represents potential upside of 25% from the stock\'s Apr. 8 closing price.\nShares of Coinbase have surged this year asBitcoinhas rallied nearly 70% so far in 2024.\nCoinbase has also made legitimate progress in reducing its costs, a necessity as cryptocurrency trading volumes dried up during the last crash. The company has also expanded its sources of revenue beyond transaction fees.\nThe company\'s latest results put this progress on display. While revenue was down slightly in 2023, adjusted EBITDA surged into positive territory, and the company even reported a small net profit. Coinbase benefits when cryptocurrency prices are rising or volatile, both of which can induce heightened trading activity.\nThe big problem with Coinbase stock is that most of its revenue sources ultimately require sustained interest in cryptocurrencies. The company now generates meaningful revenue fromstablecoins, but the sustainability of that revenue is unclear.\nIt may be a better idea toinvest in Bitcoin directlyor through an exchange-traded fund rather than speculate on Coinbase stock. While Coinbase is a much leaner company than it was during the last cryptocurrency bubble, the company has yet to show that it can sustainably turn a profit outside of those bubbles.\nBefore you buy stock in Coinbase Global, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Coinbase Global wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has\xa0more than tripled\xa0the return of S&P 500 since 2002*.\nSee the 10 stocks\n*Stock Advisor returns as of April 8, 2024\nTimothy Greenhas no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool has adisclosure policy.\nCoinbase Stock Has 25% Upside, According to 1 Wall Street Analystwas originally published by The Motley Fool', "Investors' speculative interest in the cryptocurrency market has surged to similar levels of the 2021 bull run,accordingto a recent report by Glassnode. This comes as the highly anticipated Bitcoin halving event draws near, growing enthusiasm of a significant price movement in the near future.\nData analysis indicates thatBitcoin's bullish momentum has been building since October 2023, leading to a period of high liquidity and volatility. Glassnode highlights that the strong demand in spot markets has supported Bitcoin's year-to-date performance, mirroring a similar structure observed during the 2021 bull run.\nBitcoin gained 62% so far in 2024, with its price currently at $68,748. BTC reached new all-time highs of $73,750.07 on March 14. The introduction of spot Bitcoin ETFs in the United States on January 11 has contributed to a surge in BTC spot trading volume, peaking in March. Glassnode's report suggests that the market has now entered a state of euphoria, accompanied by a notable increase in profit-taking activities.\nFurthermore, the flow of Bitcoin in and out of exchanges has seen a significant increase since July 2023. Glassnode's data reveals that the average daily total inflows and outflows from exchanges presently stand at $8.19 billion, surpassing the peak of the 2021 bull market.", "Bitcoin(CRYPTO: BTC)has received a lot of attention lately, mainly due to the approval by the Securities and Exchange Commission and the subsequent launch by major asset managers of spot exchange-traded funds (ETFs). This, the upcoming halving, and a favorable market environment have helped drive the asset up more than fourfold since the start of 2023 (as of April 5).\nZooming out, it's a similar story. In the past five years, there aren't many assets that have outperformed Bitcoin's 1,210% gain (as of April 6). But where will theworld's top cryptocurrencybe five years from now?\nSince theBitcoin whitepapercame out in late 2008, this crypto has been around for over 15 years. And despite its ups and downs, it is now becoming a legitimate financial asset.\nEven before the approval of spot ETFs, there was growing interest from large investors, like Ark Invest, corporations, likeBlockandMicroStrategy, and countries, like El Salvador, in owning this asset.\nHowever, now that these ETFs have come to market, there's somewhat of a regulatory stamp of approval that was given to Bitcoin. That's definitely an encouraging development. And based on the massive amounts of capital inflows in these ETFs thus far, it's clear just how much more investor interest there is.\nLooking ahead, it's reasonable to expect this trend to continue, particularly as more people learn about Bitcoin. There will also be an ever-expanding list of various financial services infrastructure being built out to support Bitcoin's adoption, whether it's custody solutions, payments systems, digital wallets, and new solutions we can't quite think of yet.\nBitcoin's performance in the past four years has been nothing short of impressive. It has soared 844%. This is spectacular given that it was during a period of turmoil, with the coronavirus pandemic, inflationary pressures, higher interest rates, and ongoing recessionary fears. Gold andU.S. Treasuries, viewed as the safest assets to own, have put up poor returns in the last four years, which is disappointing considering that this is when they should have done well.\nI think this points to Bitcoin's killer use case. It's becoming viewed more and more as a superior store of value and investment opportunity for people looking to own an asset that has a fixed supply cap. In other words, I believe investors are warming up to the idea that Bitcoin can seriously raise their purchasing power over long periods of time, just like what it has done in the past.\nThe question remains about Bitcoin being used more as a payment mechanism. I think its ultimate adoption as a medium of exchange is way too uncertain right now. Therefore, I believe its utility comes from being a more popular store of value, which we are seeing play out.\nTo be clear, I'm not expecting Bitcoin to put up the same returns that it has historically. Those monster early gains are likely no longer feasible, as this is now an asset with a market cap of $1.3 trillion.\nBut I'm fairly confident that Bitcoin will continue to reward its owners. In fact, in eight of the last 11 years, it has put up stronger annual returns than any other asset class. Even with Bitcoin at all-time highs, it has massive upside potential over the next decade and beyond. There is still so much capital that could flow to Bitcoin over time, pushing up its price, while **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: 2024-04-10 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,361,047,890,375 - Hash Rate: 626404079.729565 - Transaction Count: 531054.0 - Unique Addresses: 703704.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.78 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin(CRYPTO: BTC)has been on fire in recent months. The cryptocurrency has soared 60% since the start of 2024 as investors have rotated back into risk assets amid signs of a strong economy. Bitcoin currently traded at about $70,000, and it has a market capitalization of more than $1.3 trillion. But Gautam Chhugani and Mahika Shapra at Bernstein see more gains on the horizon. The analysts recently revised their year-end price target to $90,000, up from $80,000, due to the tremendous demand for spot Bitcoin exchanged-traded funds (ETFs) and the impact of the halving event anticipated next month. In a note to clients, Chhugani and Shapra said 2024 would be a "breakout inflection year" for the cryptocurrency. Investors should never fixate on short-term price targets, but what the Bernstein analysts are suggesting is quite mild compared to other forecasts floating around. For instance, Cathie Wood of Ark Invest recently said a single Bitcoin could reach $3.8 million by 2030. That estimate is based on the idea that institutional investors will eventually allocate about 5% of their assets to the cryptocurrency. In any case, if Chhugani and Shapra are correct in assuming Bitcoin will reach $90,000 in 2024, its market capitalization would increase almost $500 billion, bringing its total valuation to $1.8 trillion. Here's what investors should know. The Securities and Exchange Commission (SEC) received its firstspot Bitcoin ETFapplication in 2013, but it didn't approve any of them until January. That decade-long process has forever changed the cryptocurrency market. Spot Bitcoin ETFs offer direct exposure to Bitcoin without the rigmarole of cryptocurrency exchanges and blockchain wallets. In other words, they make it much easier for retail and institutional investors to addBitcointo their portfolios. To say the launch has been successful would be an understatement. Before approval, Bernstein analysts expected spot Bitcoin ETF inflows to reach $5 billion in the first half of the year and $10 billion in the second half. In other words, they anticipated $15 billion in total inflows throughout 2024. That would have been impressive, but what actually happened was jaw-dropping. Specifically,BlackRockalone attracted $10 billion to itsiShares Bitcoin ETF(NASDAQ: IBIT)during the first two months of trading. No ETF has ever hit that milestone faster, according to Bloomberg analyst Eric Balchunas. Additionally, the cumulative inflows across all spot Bitcoin ETFs have now exceeded $25 billion, meaning demand has already outstripped what Bernstein analysts expected for the full year. Bitcoin's supply limit of 21 million coins is central to the investment thesis because it creates scarcity and prevents inflation. That makes the cryptocurrency valuable in the same way that scarcity makes precious metals valuable. The supply limit is enforced through a periodic halving of mining rewards, an event that is coded into the Bitcoin protocol, according toCoinbase Global. Here's how it works: Miners earn Bitcoin when they successfully validate transaction blocks and add them to the blockchain. The reward falls by 50% each time 210,000 blocks are completed, which happens about once every four years. The next halving is expected in mid-April 2024. Nothing extraordinary will happen on the day mining rewards are halved. Nevertheless, the event is significant for investors because it should be preceded by reduced selling pressure. To elaborate, miners sell Bitcoin to fund their operations and earn a paycheck, but they will only have half as much Bitcoin to sell during the next four years. The impact of past halving events is shown in the chart below. Bitcoin has always been more valuable 24 months later. [{"Halving Date": "November 2012", "Price At Halving": "$12.35", "Price 24 Months Later": "$376.15", "Return": "2,946%"}, {"Halving Date": "July 2016", "Price At Halving": "$647.11", "Price 24 Months Later": "$6,306.85", "Return": "875%"}, {"Halving Date": "May 2020", "Price At Halving": "$8,821.18", "Price 24 Months Later": "$31,026.93", "Return": "252%"}] Data sources: Coinbase, Cointelegraph, StatMuse, and YCharts. Bitcoin has created tremendous wealth since its inception in 2009, but the cryptocurrency has also been very volatile. Bitcoin has suffered three catastrophic meltdowns in the past seven years. It fell 83% between December 2017 and December 2018. It fell 53% between April 2021 and July 2021. And it fell 77% between November 2021 and November 2022. What makes those meltdowns especially alarming is that Bitcoin hit a new record high before each one. In other words, Bitcoin has fallen more than 50% from a record high three times in the past seven years. Investors should be prepared for similar volatility in the future. So could Bitcoin reach $90,000 this year? Sure, that outcome is certainly plausible, but it is by no means guaranteed. Investors should buy Bitcoin only if they are comfortable with risk and volatility, and only if they plan to hold the cryptocurrency for a few years. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of March 25, 2024 Trevor Jennewinehas no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool has adisclosure policy. 1 Top Cryptocurrency to Buy Before It Soars Another $500 Billion in Value, According to Certain Wall Street Analystswas originally published by The Motley Fool... - Reddit Posts (Sample): [['u/neckbeardfedora98IQ', 'Subreddit is infested with scammers. ', 112, '2024-04-10 00:00', 'https://www.reddit.com/r/MakeNewFriendsHere/comments/1c04m1v/subreddit_is_infested_with_scammers/', 'Just a heads up there’s a lot of posts from ‘women’ who claim to be 25-30 and are looking for older men. They are scammers who will say they are great at investing. It’s called a pig butchering scam and they want you to link your virtual wallet or bitcoin wallet and steal your money. Be weary if someone asks to move to WeChat/whatsapp or other messengers and it seems to be good to be true. ', 'https://www.reddit.com/r/MakeNewFriendsHere/comments/1c04m1v/subreddit_is_infested_with_scammers/', '1c04m1v', [['u/Original_Algae_8255', 16, '2024-04-10 00:08', 'https://www.reddit.com/r/MakeNewFriendsHere/comments/1c04m1v/subreddit_is_infested_with_scammers/kyu350k/', 'Thanks for the heads-up Bro\n\nKeep up the good work 💯💯💯', '1c04m1v'], ['u/Dismal-Ear', 21, '2024-04-10 00:33', 'https://www.reddit.com/r/MakeNewFriendsHere/comments/1c04m1v/subreddit_is_infested_with_scammers/kyu79b2/', "I'm female. Older than that not by much and horrible at investing. But will spam you for pet pics", '1c04m1v'], ['u/occasionally_hippie', 17, '2024-04-10 00:51', 'https://www.reddit.com/r/MakeNewFriendsHere/comments/1c04m1v/subreddit_is_infested_with_scammers/kyua39x/', 'Duuuuuude I think you just saved me big time', '1c04m1v'], ['u/GarethGore', 11, '2024-04-10 01:01', 'https://www.reddit.com/r/MakeNewFriendsHere/comments/1c04m1v/subreddit_is_infested_with_scammers/kyubjcc/', 'essentially if anyone talks to you about a great investment just delete em, its always a scam', '1c04m1v'], ['u/occasionally_hippie', 10, '2024-04-10 02:08', 'https://www.reddit.com/r/MakeNewFriendsHere/comments/1c04m1v/subreddit_is_infested_with_scammers/kyuly0y/', 'I mean I was already chatting on WhatsApp and she was starting to send me the links. Blocked quickly. I appreciate you brother', '1c04m1v']]], ['u/MrRobotsoldier', 'Should I sell all my stocks', 37, '2024-04-10 00:15', 'https://www.reddit.com/r/SHIBArmy/comments/1c04ysp/should_i_sell_all_my_stocks/', 'I’m thinking if I should sell all my stocks for more shib i currently have 20 million coins and if I sell it would be 100 million in total. We all know bitcoin is going to halve and shiba might drop a 0 in a new all time high. ', 'https://www.reddit.com/r/SHIBArmy/comments/1c04ysp/should_i_sell_all_my_stocks/', '1c04ysp', [['u/Standard_Ad_1550', 59, '2024-04-10 01:07', 'https://www.reddit.com/r/SHIBArmy/comments/1c04ysp/should_i_sell_all_my_stocks/kyucgvq/', 'This is not the place to ask for financial advice.', '1c04ysp'], ['u/SlashRModFail', 19, '2024-04-10 01:10', 'https://www.reddit.com/r/SHIBArmy/comments/1c04ysp/should_i_sell_all_my_stocks/kyucxre/', 'What you should be figuring out is how you can raise more capital and earnings to put more into your investments and not just moving one to the other. Ie. Get some more money.', '1c04ysp'], ['u/SpookieDookie777', 14, '2024-04-10 02:34', 'https://www.reddit.com/r/SHIBArmy/comments/1c04ysp/should_i_sell_all_my_stocks/kyuq152/', 'Don’t trust any hype bro. And diversifying is the best. Not all your eggs in one basket.', '1c04ysp']]], ['u/MrEdwL', "Explain it to me like I'm 5. Why does BTC halving matter for Shib? ", 49, '2024-04-10 00:39', 'https://www.reddit.com/r/SHIBArmy/comments/1c05k8h/explain_it_to_me_like_im_5_why_does_btc_halving/', ' ', 'https://www.reddit.com/r/SHIBArmy/comments/1c05k8h/explain_it_to_me_like_im_5_why_does_btc_halving/', '1c05k8h', [['u/Top-Conference8532', 60, '2024-04-10 00:45', 'https://www.reddit.com/r/SHIBArmy/comments/1c05k8h/explain_it_to_me_like_im_5_why_does_btc_halving/kyu93x4/', "Algorithms that buy Bitcoin buy other top cryptos in step with the Bitcoin price. It's how the algos work. Bitcoin leads the crypto market anyways, if Bitcoin is green the usually alt coins are green. If Bitcoin is red altcoin are usually red. That's why a lot of cryptos have the same daily chart. It's algos or better yet called bots buying and selling.", '1c05k8h'], ['u/sharkweeek', 25, '2024-04-10 00:50', 'https://www.reddit.com/r/SHIBArmy/comments/1c05k8h/explain_it_to_me_like_im_5_why_does_btc_halving/kyu9u3k/', 'A lot of new folks may not know the market is mostly algo trading with human trades being the exception not the rule.', '1c05k8h'], ['u/OptimusED', 25, '2024-04-10 01:16', 'https://www.reddit.com/r/SHIBArmy/comments/1c05k8h/explain_it_to_me_like_im_5_why_does_btc_halving/kyudvzc/', 'BTC halvings have historically been a driver for bull runs and big crypto interest. Just because Shib is controlled/ manipulated by whales and not correlating with BTC/ETC movement as much doesnt mean it wont get a big boost like everything else. Watch it. Big things are coming.', '1c05k8h'], ['u/UrPicksRTrash', 14, '2024-04-10 01:18', 'https://www.reddit.com/r/SHIBArmy/comments/1c05k8h/explain_it_to_me_like_im_5_why_does_btc_halving/kyue5up/', 'Less BTC available to buy so people will buy Shib instead #facts', '1c05k8h'], ['u/Milly315', 49, '2024-04-10 01:47', 'https://www.reddit.com/r/SHIBArmy/comments/1c05k8h/explain_it_to_me_like_im_5_why_does_btc_halving/kyuiqbx/', 'Rising tide raises all shibs.', '1c05k8h'], ['u/mvandemar', 18, '2024-04-10 02:04', 'https://www.reddit.com/r/SHIBArmy/comments/1c05k8h/explain_it_to_me_like_im_5_why_does_btc_halving/kyulcob/', "BTC goes up, SHIB goes up. BTC goes down, SHIB goes down.\n\nBeen this way all along, no clue how people still don't know this.", '1c05k8h'], ['u/Animal_Pharmacy', 11, '2024-04-10 02:13', 'https://www.reddit.com/r/SHIBArmy/comments/1c05k8h/explain_it_to_me_like_im_5_why_does_btc_halving/kyumr93/', "Why do I drink my own urine? Because it's sterile, and I like the taste", '1c05k8h'], ['u/oldhonkytonk', 25, '2024-04-10 03:31', 'https://www.reddit.com/r/SHIBArmy/comments/1c05k8h/explain_it_to_me_like_im_5_why_does_btc_halving/kyuyodj/', 'You mean all trades aren’t done while sitting on the toilet?', '1c05k8h'], ['u/COLTONGRUNDY1987', 13, '2024-04-10 10:06', 'https://www.reddit.com/r/SHIBArmy/comments/1c05k8h/explain_it_to_me_like_im_5_why_does_btc_halving/kyw5yb5/', 'Lol... reading this while on the toilet..', '1c05k8h']]], ['u/n0tchance', '$COST on BSC ', 41, '2024-04-10 01:27', 'https://www.reddit.com/r/CryptoMoonShots/comments/1c06oys/cost_on_bsc/', "$COST on BSC\n\nWelcome to Costco Hot Dog ($COST) on BSC! \n\nWHY $COST ON BSC IS A BUN ABOVE THE REST \n\nFOUNDER INFO:\nJeff Kirdeikis\n- Built a $500 Million USD marketcap company (TrustSwap)\n- Built a crypto app with 5 Million downloads\n- Secured $750 Million USD onchain through the project “Team Finance”. \n- Owns one of the worlds largest crypto groups with 265,000 members\n- Published top-10 author on Amazon\n\n\nTOKEN INFO:\n- Half of our liquidity is paired with Bitcoin! \nThis means that when the price of Bitcoin goes up, it drags the price of $COST up with it! \nSounds crazy, but that’s how decentralized liquidity pools work, cool eh?\n\n- The other half of our liquidity is paired with $BOOST! What’s interesting about BOOST is they have a huge treasury that is regularly used to buyback tokens. When they buyback tokens, the price of BOOST goes up. When the price of BOOST goes up, because of our LP paring, COST goes up as well!\n\nSo COST is benefitting from the price of Bitcoin going up AND the Buybacks from BOOST. In fact, on a $20,000 buyback of BOOST, $7,500 of that goes into buy pressure for COST!\n\n\nADDITIONAL INFO:\n$COST on BSC is: Fair-launched, no presale, no insiders, no vc's\nWe aint just a regular hoagie.\n\nWe’re the future of finance baby.\n\nThe world’s greatest hedge against inflation!\n\nContract address: 0x3d36685d91b060fb0351401f27ee058311fb00c1\n", 'https://www.reddit.com/r/CryptoMoonShots/comments/1c06oys/cost_on_bsc/', '1c06oys', [['u/Glum_Milk_2949', 18, '2024-04-10 02:11', 'https://www.reddit.com/r/CryptoMoonShots/comments/1c06oys/cost_on_bsc/kyumg57/', "This will be another shoulda, coulda, woulda, moments if you don't buy in!", '1c06oys'], ['u/Particular-Lunch4142', 17, '2024-04-10 02:37', 'https://www.reddit.com/r/CryptoMoonShots/comments/1c06oys/cost_on_bsc/kyuqhr3/', 'The potential for growth for this one is insane! Great reputable founder, strong loyal community. Would be a fool not to get at least a bit of exposure on this!', '1c06oys'], ['u/Sad_Builder_3480', 12, '2024-04-10 06:29', 'https://www.reddit.com/r/CryptoMoonShots/comments/1c06oys/cost_on_bsc/kyvml96/', 'You can tell the community is behind this 100%. It’s going to take off very soon! It stayed really stable when everything else was going down. Great signs of a future 100 mil mc token!', '1c06oys'], ['u/Sad_Builder_3480', 12, '2024-04-10 06:29', 'https://www.reddit.com/r/CryptoMoonShots/comments/1c06oys/cost_on_bsc/kyvmn84/', 'The dev is the best part! Fully doxxed. Love a safe token!', '1c06oys'], ['u/Sad_Builder_3480', 10, '2024-04-10 06:31', 'https://www.reddit.com/r/CryptoMoonShots/comments/1c06oys/cost_on_bsc/kyvmswa/', 'My hope is that a lot of people that need the money get into this one early. This token is going to make a lot of people money.', '1c06oys']]], ['u/McPumpface', 'Teach Spouse About Seeds And Retrieving Our BTC Should I Unexpectedly Die', 94, '2024-04-10 01:29', 'https://www.reddit.com/r/Bitcoin/comments/1c06rdx/teach_spouse_about_seeds_and_retrieving_our_btc/', "Has anyone done this? \n\nWere there any helpful resources that made the process clearer and give the needed knowledge to take control of the family stash?\n\nI don't want my spouse to have to spend the time I've spent to understand Bitcoin. I simply want them to be able to manage the coins should I not be able to do so. The coins are currently in cold storage on a hardware wallet. Seed is stored on steel. Passphrase has been added.\n\n&#x200B;\n\nThanks!", 'https://www.reddit.com/r/Bitcoin/comments/1c06rdx/teach_spouse_about_seeds_and_retrieving_our_btc/', '1c06rdx'... 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 plunged on Wednesday after another higher-than-expected inflation print.\n• The three major averages dropped, with the Dow losing over 400 points.\n• Odds of a June rate cut have been slashed as the Fed looks poised to continue its inflation fight.\nUS stocks plummeted on Wednesday as markets took in ahotter-than-expected inflation reportand the latest Federal Reserve meeting minutes, causing traders to push back on their expectations for Fed rate cuts this year.\nAll three benchmark indexes ended the trading session lower, with the Dow Jones Industrial Average sliding over 400 points. Bond yields soared, with the 10-year US Treasury spiking 18 basis points to 4.546%.\nInflation rose 3.5% on an annual basis in March, slightly hotter than the 3.4% increase economists were expecting. Core inflation, which excludes volatile food and energy prices, grew 3.8% year-per-year, hotter than the expected 3.7% increase.\nInflation has come in higher than expected for the past three months, which has undercut investors\' expectations for Fed rate cuts this year.Odds of a June rate cuthave fallen to 16%, according to the CME FedWatch tool, down from 56% odds priced in on Tuesday.\nBank of America maintained its outlook for a June rate cut but said it had "low confidence," given the latest CPI data. Barclays revised its outlook to just one 25 basis-point rate cut later this year, down from its initial forecast of one rate cut every other month. Goldman Sachs said it was adjusting its view to two cuts from three, asinsurance costs keep inflation running hot.\n"The Federal Reserve will have to wait even longer for evidence confirming that gains in fighting price pressures are durable before it turns accommodative," José Torres, a senior economist at Interactive Brokers, said in a statement. "Today\'s report reflects that progress on inflation has reversed, with goods and commodities turning from a disinflationary friend to an inflationary foe."\nAs of last month\'s policy meeting, Fed officials were still projecting three rate cuts to come in 2024. But newly released minutes of the Fed\'s March policy meeting show that central bankers remain cautious on the recent uptrend in inflation.\nOfficials commented on "disappointing" inflation readings over the past several months, adding they "did not expect it would be appropriate" to lower rates until there was greater confidence inflation was back on track to reach 2%, the minutes said.\n"The Fed always puts more weight on backward-looking data, and this Fed, in particular, is still scarred by the \'transitory\' inflation fiasco," Ian Shepherdson, the chief economist of Pantheon Macroeconomics said in a note on Wednesday. "The risk that the Fed waits too long and moves too slowly is rising."\nHere\'s where US indexes stood at the 4 p.m. closing bell on Wednesday:\n• S&P 500:5,160.64, down 0.95%\n• Dow Jones Industrial Average:38,461.51, down 1.09% (-422.16 points)\n• Nasdaq Composite:16,170.36, down 0.84%\nHere\'s what else happened today:\n• The Fed may actually need to cut interest rates to lower inflation, one JPMorgan strategist says.\n• Stocks are headed for a decade-long "dead" zonewith losses on par with the dot-com bust, one fund manager warns.\n• The demise of the US dollar has been over-exaggerated.\n• Wall Street\'snew biggest stock bull thinks tech can power the S&P 500 another 7% higherthis year.\n• Nvidia still has 26% upsidedespite its recent sell-off, according to Bank of America strategists.\n• Bank of America just slashed Tesla\'s stock price targetand said weak demand will hurt the carmaker.\n• Russian oil flows are sidestepping sanctionsand trading above the G-7 price cap.\n• A third of consumerssee bitcoin plunging at least 70% this year, according to a survey from Deutsche Bank.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil climbed by 1.21% to $86.26 a barrel.Brent crude, the international benchmark, ticked higher 1.25% to $90.54 a barrel.\n• Goldslipped 1.05% to $2,328.30 per ounce.\n• The 10-year Treasury yield jumped 18 basis points to 4.546%%.\n• Bitcoinrose 0.86% to $69,397.\nRead the original article onBusiness Insider', '• Bitcoin remains above $70K as Asia begins its trading day\n• One trader told CoinDesk that its too early to tell if slowing GBTC outflows will be a positive sign for bitcoin\'s price\nBitcoin {{BTC}}looks to extend Wednesday\'s gain, trading near $70,800 whileether {{ETH}} changed hands above $3,500 as the market continues to digesta higher-than-expected U.S. CPIand slowing outflows from the Grayscale Bitcoin Trust (GBTC).\n"Bitcoin exhibited strength against a hawkish CPI report and strong inflation data seeing only a retracement back down to $67,000 following the fed minutes announcement," Semir Gabeljic, director of Capital Formation at Pythagoras Investments, said in an email note.\n"[Still] The drop of -2% from Monday\'s retest of $73,000 showcases risk assets, including BTC, pricing in two rate cuts instead of three for the remainder of 2024," he added.\nBettors on decentralized predictions platform Polymarketseem to be evenly split on the number of rate cuts by the end of 2024.\nTwenty-six percent of bettors have put money on there being one cut, while 28% believe there will be two cuts, and 21% bet on no cuts at all.\nMeanwhile, Jun-Young Heo, a derivative trader at Singapore-based Presto, pointed out that the market recovered quickly after the higher-than-expected CPI announcement compared to gold or the S&P 500 index.\nThe implied volatility of options expiring on April 26th is still trading at a premium while recent historical volatility is still trending down, Heo noted.\nSome market participants are noting that bitcoin prices are reacting favorably to slower than usualoutflows from the Grayscale Bitcoin Trust (GBTC).\nOn-chain data shows that outflow from GBTC is at $18 million, which is the lowest since the launch of the U.S. bitcoin ETFs.\n"But we need to see a few more dates to find out whether GBTC outflows are becoming negligible amount since it has a higher fee than any other ETFs," Heo added.', '• Bitcoin remains above $70K as Asia begins its trading day\n• One trader told CoinDesk that its too early to tell if slowing GBTC outflows will be a positive sign for bitcoin\'s price\nBitcoin {{BTC}}looks to extend Wednesday\'s gain, trading near $70,800 whileether {{ETH}} changed hands above $3,500 as the market continues to digesta higher-than-expected U.S. CPIand slowing outflows from the Grayscale Bitcoin Trust (GBTC).\n"Bitcoin exhibited strength against a hawkish CPI report and strong inflation data seeing only a retracement back down to $67,000 following the fed minutes announcement," Semir Gabeljic, director of Capital Formation at Pythagoras Investments, said in an email note.\n"[Still] The drop of -2% from Monday\'s retest of $73,000 showcases risk assets, including BTC, pricing in two rate cuts instead of three for the remainder of 2024," he added.\nBettors on decentralized predictions platform Polymarketseem to be evenly split on the number of rate cuts by the end of 2024.\nTwenty-six percent of bettors have put money on there being one cut, while 28% believe there will be two cuts, and 21% bet on no cuts at all.\nMeanwhile, Jun-Young Heo, a derivative trader at Singapore-based Presto, pointed out that the market recovered quickly after the higher-than-expected CPI announcement compared to gold or the S&P 500 index.\nThe implied volatility of options expiring on April 26th is still trading at a premium while recent historical volatility is still trending down, Heo noted.\nSome market participants are noting that bitcoin prices are reacting favorably to slower than usualoutflows from the Grayscale Bitcoin Trust (GBTC).\nOn-chain data shows that outflow from GBTC is at $18 million, which is the lowest since the launch of the U.S. bitcoin ETFs.\n"But we need to see a few more dates to find out whether GBTC outflows are becoming negligible amount since it has a higher fee than any other ETFs," Heo added.', 'Cryfi is a marketplace and trading platform that offersblockchain-verified tradingsignalsand a leaderboard of top signal providers, along with paid signal channels for subscribers. The first version of the app has been released and a Founder Pass NFT collection is launching May 3.\nSINGAPORE, April 11, 2024 (GLOBE NEWSWIRE) --Cryfi, a blockchain-verified trading signal platform, has released its Alpha version as a Telegram Mini Appthat goes beyond basic copy-tradingto make it easier to not only share but adjust and implement trading signals. Cryfi’s Founder Pass NFT collection that grants users numerous perks on the platform will also be made available for early Cryfi supporters on May 3rd. The full-featured web-app launches later this year with the world’s first blockchain-verified trading signals and leaderboard.\n“We’re developing Cryfi’s on-chain verification to bring trust and transparency to crypto trading and remove the scam-traders that the space has become famous for,” said Cryfi founder and CEOYura Mizin. “As we enter crypto’s next bull run, more and more people are keen to start trading. There is no better way to learn how than to follow and listen to the best traders on the market today. However, since it’s currently impossible to verify someone’s trading skills, too many people end up following fakers who claim to be pros.”\nCryfi addresses these problems and more.Providing Proof-of-Signal, Cryfi’s trading signal platform features blockchain-verified signals and a leaderboard of top signal providers. Offering the perfect combination of control and automation, Cryfi users will be able to easily copy and adjust signals and then automatically implement these signals on CEXs and DEXs via API integration.Trading channel subscriptions, member management and promotions will be automatically handled for signal providers, so they can focus on trading and building 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: 2024-04-11 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,372,942,003,225 - Hash Rate: 566860609.5352726 - Transaction Count: 476241.0 - Unique Addresses: 631803.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.76 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • Stocks rallied on Thursday with the Dow and the S&P 500 extending record highs. • The Fed kept rates unchanged and signed three cuts coming in 2024. • Reddit soared in its first day of trading, closing 48% higher. US stocks surged on Thursday to fresh records, continuing themomentumin the wake of the Federal Reserve's latest monetary policy update. The S&P 500 and the Dow Jones Industrial Average claimed fresh record highs, with the Dow spiking by 269 points. The jumps add to gains that followed Jerome Powell's press conference on Wednesday, in which he said the central bank remains committed to its 2% inflation target, and that policymakers will monitor incoming data closely before its next moves. According to the dot plot of interest rate projections for the coming years, officials still expect three rate cuts in 2024. CME's FedWatch Toolshows traders haveramped up bets for a June rate cutover the last 24 hours, with odds for easing to start in June jumping from 55% to almost 70%. "If we're returning to a more normal monetary policy environment in an economy that can produce sustainable growth and not fold under inflationary pressures, perhaps higher rates are the appropriate longer-term approach," Liz Young, the head of investment strategy at SoFi, wrote in a note after the Fed meeting. Meanwhile,Reddit made its public trading debuton Thursday with as much as a 70% rally before paring gains to close 47% higher at $50.31 a share. Some Redditors on the site had expressed disinterest in participating in the IPO, which had been offered to some of the platform's top users. Apple shares tumbled4% as the US Department of Justice unveiled a lawsuit that says the company engages in anticompetitive practices in the smartphone market. The stock closed at $171.37, down by about 11% year-to-date. Here's where US indexes stood as the market closed at 4:00 p.m. on Thursday: • S&P 500:5,241.53, up 0.32% • Dow Jones Industrial Average:39,781.50, up 0.68% (+269.37 points) • Nasdaq Composite:16,401.84, up 0.2% Here's what else is going on: • The EU is pushing for Ukraine to see profits fromfrozen Russian assetsas soon as July. • Sam Bankman-Friedis living a "life of delusion" by claiming he didn't steal, the new FTX boss said. • America's growing wealth points to a boom in atax-exempt cornerof the bond market. • Wall Street bull SocGen saidthe S&P 500 will rally another 5%in 2024. In commodities, bonds, and crypto: • Oil prices dipped, withWest Texas Intermediatedown 0.27% to $81.05 a barrel.Brent crude, the international benchmark, moved lower 0.26% to $85.72 a barrel. • Goldclimbed 1% to $2,183 per ounce. • The10-year Treasury yieldwas flat at 4.271%. • Bitcoinslid 0.75% to $65,155. Read the original article onBusiness 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:** ["• Revenue:$43.3 million for Q3 2024, up from $14.1 million in Q3 2023.\n• Datacenter Hosting Revenue:$37.7 million.\n• Cloud Services Revenue:$5.6 million.\n• Cost of Revenues:$47.1 million for Q3 2024, up from $10.5 million in Q3 2023.\n• SG&A Expenses:$30.4 million for Q3 2024, up from $10.5 million in Q3 2023.\n• Net Loss:$62.8 million or $0.52 per share for Q3 2024, compared to $7 million or $0.07 per share in Q3 2023.\n• Adjusted Net Loss:$28.9 million or $0.24 per share for Q3 2024.\n• Adjusted EBITDA:Loss of $2.3 million for Q3 2024, compared to a gain of $0.9 million in Q3 2023.\n• Cash and Equivalents:$41 million at the end of Q3 2024.\n• Debt:$61.8 million at the end of Q3 2024.\n• Warning! GuruFocus has detected 6 Warning Signs with APLD.\nRelease Date: April 11, 2024\nFor the complete transcript of the earnings call, please refer to thefull earnings call transcript.\n• Jamestown facility operated at full capacity with uninterrupted uptime throughout the quarter, marking the sixth consecutive quarter of full capacity operation.\n• Entered into exclusivity and executed an LOI with a US-based hyperscaler for 400 megawatts of capacity at the Ellendale campus, which is a significant development for future growth.\n• Strengthened balance sheet post-quarter with $160 million of announced asset sales and financing transactions.\n• Successfully procured replacement transformers from North American industry-leading manufacturers for the Ellendale facility, which is now reenergized to approximately 14% of its full capacity.\n• Revenue for the fiscal third quarter of 2024 was $43.3 million, compared to $14.1 million for the fiscal third quarter of 2023, driven primarily by increased capacity across data center hosting facilities and revenue from cloud services contracts.\n• Encountered challenges in the data center hosting business due to facility power outages, particularly at the 180 megawatt Ellendale facility, which impacted financial performance.\n• Adjusted EBITDA loss of approximately $2.3 million for the quarter, with several one-time significant items affecting financial performance and comparability.\n• Incurred unexpected expenses from addressing power outages at the Ellendale data center hosting facility, estimated at $4.5 million impact on operating loss during the quarter.\n• Recorded a $21.7 million loss on held-for-sale classification related to the Garden City transaction and $4.2 million of accelerated depreciation and amortization related to the disposal of damaged equipment.\n• Lack of significant sequential revenue growth in the cloud services business due to delays in clusters entering revenue generation.\nQ: At West, you described Ellendale and Jamestown as strategic. So I wanted to ask if it's fair to conclude from that comment that those assets would not be sold on specifically just the BTC. piece of it. Thank you very much.A: Wes Cummins - Applied Digital Corp - Chairman & CEO: Sure. Thanks, Lucas. So those assets are strategic to us and that they have a really good fiber connectivity at those sites versus what we had in Texas. And we have no plans of selling those in the US in the immediate future.\nQ: On Ellendale, you mentioned you have more than 600 megawatts of future capacity. Is this 600 megawatt inclusive of the current PTC business or incremental? And then how is this power capacity secured?A: Wes Cummins - Applied Digital Corp - Chairman & CEO: So it's inclusive of the one 180 on the BTC. com. And right now, we've secured 535 megawatts at that site, but we believe it goes to 605.\nQ: On the debt facility that you had mentioned for the GPUs, what potential size could we think about for that?A: Wes Cummins - Applied Digital Corp - Chairman & CEO: I'm hesitant to say the size, but it's somewhere in the multi-hundred million, maybe $500 million to $1 billion range.\nQ: Regarding the 400 megawatt hyperscaler contract, is this in addition to or a completely new move on your part with respect to what you have out there for sale?A: Wes Cummins - Applied Digital Corp - Chairman & CEO: The 400 megawatts is inclusive of the 100. So it will take that the previous customer didn't go forward. As I've mentioned on our call last call in January, we've we have had a significant amount of interest at that site. And I think you don't know feel like we're moving forward with the best party for us to move forward with now, which is effectively for the entire site.\nQ: Could you give us a quick update on sort of where your orders sit, where the supply of GPUs, how well that's coming in, including inclusive of InfiniBand?A: Wes Cummins - Applied Digital Corp - Chairman & CEO: Yes, sure. So couple of things on that. We feel good on the supply. We're seeing shipments on including everything. One of the the blocks we hit a little bit in the quarter is we've been hiring more people because there is a significant amount of work to put these together to commission them and turn them over to customers. And we have a bill or a limited team. And so we've been adding to that team. I think it's tens of thousands of cables that need to be connected. The cabling takes a long time and in the commissioning, but there's a lot of work involved. So hopefully, we'll shorten that with experience and with more bodies in the future. But the right now you should be thinking about eight weeks from when we receive all components on site two, the clusters being turned over to customers.\nQ: On the large potential new contract, could you give us a sense of the steps that go into that as is it? Is it contingent on financing? Or are there some details to negotiate contracts and then you go out and get financing sense of the steps and timing and how that plays out?A: Wes Cummins - Applied Digital Corp - Chairman & CEO: So I'm not worried about financing on this one on. There's just a process that the steps you go through from a from where we are now, you know, some some diligence, a lot of things that we have to provide. And there's a lot of work to be done from a legal contracting perspective from. And then, you know, I would expect this to be kind of a 60 to 90 day process from when we started.\nQ: On the cloud services GPU side, how many GPUs did you own at the end of February and how many were generating revenue? And then what's your kind of estimate for the same, how many you'll own and will be generating revenue at the end of May?A: Wes Cummins - Applied Digital Corp - Chairman & CEO: Yes. So we own, I believe, 5,120 for the H-100 class GPUs. So there's 4,000 -- I'm having trouble doing the math in my head to round it to the exact number, but -- So rounded to 4,000. So there's 4,000 in revenue generation now and then there's 2000 that are needed being brought up to that stage and we should have more before the end of the quarter.\nQ: Roughly, how much does the transformers cost that you need to do put in to Ellendale the new one?A: Wes Cummins - Applied Digital Corp - Chairman & CEO: I have David here. 300,000 apiece.\nQ: Do you guys have a rough committed CapEx number for the rest and lender '24?A: Wes Cummins - Applied Digital Corp - Chairman & CEO: We have seven more weeks of -- calendar '24. I'm sorry, let me let me come back to you on that, Mike, I don't have that in front of me. We didn't have it here for the call.\nQ: On the GPU piece, you mentioned, I think it's 4,000 generating revenue now, 2,000 to 4,000-plus online end of May. So kind of as we think about that exiting may run rate, fair to say about 8,000 generating revenue?A: Wes Cummins - Applied Digital Corp - Chairman & CEO: Could be close to 8,000. Somewhere between 6,000 and 8,000 is the right number to think about.\nQ: On the enterprise customers that you'd want to diversify into two of those still aren't signed. So the slowdown is just you still would need to go out and sign those or kind of I guess just where are we in that process?A: Wes Cummins - Applied Digital Corp - Chairman & CEO: Yes. So it's advanced since the last quarter. I think I'd mentioned we're in proof of concept with some and there's more move to contract negotiation, um, so that's that's definitely made an advancement. Those take just take longer. Having talked. I don't know. I think I've talked about this\nThis article first appeared onGuruFocus.", '• Mainland Chinese investors could pour $25 billion in potential Hong Kong-listed spot bitcoin exchange-traded funds (ETFs) through the Southbound Stock Connect program, according to Matrixport.\n• One Hong Kong-based observer said mainland Chinese funds have been applying to issue spot ETFs through their Hong Kong subsidiaries.\nHong Kong, one of the world’s leading financial centers and a gateway for outbound Chinese investments, is set to approve a spot bitcoin exchange-traded fund tied to bitcoin (BTC).\nThe investment vehicle could unlock up to $25 billion in demand from Chinese investors via the Southbound Stock Connect program, according to Singapore-based crypto services provider Matrixport. TheSouthbound Stock Connectallows qualified mainland Chinese investors to access eligible shares listed in Hong Kong.\n“A likely approval of Hong Kong-listed Bitcoin Spot ETFs could attract several billion dollars of capital as mainland investors take advantage of the Southbound Connect program, which facilitates up to 500 billion RMB (HK$540 billion and $70 billion] per year in transactions," Matrixport said in a report Friday.\n“Based on the (potential) available capacity, this might result in up to 200 billion Hong Kong dollars of available capacity for those HK Bitcoin ETFs—or US$25 billion," Matrixport added.\nThe estimate is based on a blue sky assumption that the average amount of the unused annual Southbound connect quota over the past three years would be channeled into the spot ETFs.\nThe Stock Connect program allows mainland Chinese investors to snap up HK$540 billion worth of Chinese stocks annually. However, flows in the past **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: 2024-04-12 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,353,747,602,038 - Hash Rate: 584038203.763614 - Transaction Count: 448489.0 - Unique Addresses: 683741.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.79 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Wall Street's furious 2024 rally took a breather to start the final week of the year's first quarter. The S&P 500 (^GSPC) fell about 0.3% Monday, while the the Dow Jones Industrial Average (^DJI) dipped 0.4%. The tech-heavy Nasdaq Composite (^IXIC) closed 0.3% lower afterthe index set another record at Friday's close. The S&P and Nasdaq have opened 2024 on a heater, as both indexes are up near 10% to start the year. But traders were largely in wait-and-see mode to start a short final week of March, with financial markets closed for Good Friday. The highlight of the week on the economic data frontwill come on Friday with the release of the Personal Consumption Expenditures (PCE) price index, which contains the Federal Reserve's preferred "core" PCE inflation measure. Read more:What the Fed rate decision means for your money The Fed helped fuel the market's bull run last week, as thecentral bank reaffirmed expectationsthat it will cut rates three times this year while also issuing more bullish forecasts on the economy. In corporate news,Boeing(BA) shares popped after the plane manufacturerannouncedits CEO Dave Calhounwill step downat the end of the year. The industrial giant has dealt with astring of production and quality control issuessinceone of its 737 MAX 9 planesflown by Alaska Air lost a panel in mid-flight in early January. Shares of Advanced Micro Devices (AMD) and Intel (INTC) both slipped after a Financial Times reportsaid China would phase outthe use of their chips and servers in government computers. Meanwhile, Bitcoin (BTC-USD) rallied on Monday to rise above $70,000 per token for the first time since March 15. The cryptocurrency fell all the way down to around $61,500 one week ago following a run to record highs earlier this month. • Mon, March 25, 2024 at 8:03 PM UTCInes FerréStocks slip, bitcoin jumps back above $70,000The S&P 500 (^GSPC) fell about 0.3% while the the Dow Jones Industrial Average (^DJI) dipped 0.4%. The tech-heavy Nasdaq Composite (^IXIC) closed down 0.3% afterthe index set a record close on Friday.Despite Monday's dip on the major averages, certain equities ended the trading day in green territory, though off their session highs.Energy stocks (XLE) rose as oil futures continued to climb and Morgan Stanley analysts upgraded the sector to Overweight.Boeing (BA) shares rose more than 1% after the plane manufacturer embroiled in a crisis surrounding safety issues announced CEO Dave Calhoun willstep downat the end of the year.Chipmaker Micron (MU) soared 6% to fresh highs while AI darling Nvidia (NVDA) gained less than 1%.Cryptocurrency-related stocks like MicroStrategy (MSTR) and Coinbase Global (COIN) soared as bitcoin (BTC-USD) jumped above $70,000 for the first time since March 15.Reddit (RDDT) shares popped nearly 30% on their third day of trading. The social media platform stock gained 48% on its first day of trading last Thursday. On Monday the stock closed just above $59 per share.•USD(BTC-USD)FollowView Quote Details • Mon, March 25, 2024 at 7:30 PM UTCInes FerréTrending tickers on MondayMicroStrategy (MSTR)Bitcoin (BTC-USD) exposed stocks like MicroStrategy popped on Monday as the cryptocurrency rose above $70,500 per token. As of March 10, the enterprise software maker held 205,000 bitcoin tokens.MicroStrategy stock rose 21% on Monday. Year to date, shares are up roughly 170%.Bitcoin rose to all-time highs, just above $73,000, earlier this month. On Monday the cryptocurrency was up roughly 9%. The token trades around the clock, seven days a week.•USD(MSTR)FollowView Quote DetailsLucid (LCID)Shares of Lucid jumped 7% after the EV maker announced a $1 billion investment from its majority stockholder, Ayar Third Investment Company, to buy newly created convertible preferred stocks.Lucid stock is down more than 28% year to date amid a growth slowdown in the electric vehicle industry.•USD(LCID)FollowView Quote DetailsGameStop (GME)GameStop stock gained 13% on Monday ahead of the video game retailer’s earnings release after the closing bell tomorrow. GME occupied the No. 3 trending ticker slot during Monday's afternoon trading.Wall Street expects the company's fourth quarter net sales to come in at $2.06 billion. Adjusted earnings per share are estimated at $0.30.Year to date, GameStop stock is down about 11%.•USD(GME)FollowView Quote Details • Mon, March 25, 2024 at 6:54 PM UTCJosh SchaferThe market's return to expecting 3 interest rate cuts comes with a better outlookThe market's current outlook for interest rate cuts this year is a familiar one. After investors aggressively priced in expectations for more than six interest rate cuts following the December Fed meeting, expectationshave once again scaled back.As seen in the chart below, investor pricing tracked by Bloomberg now shows a similar path to what was seen following the November meaning.But this comes with an important caveat: The overall outlook for both stocks and the economy has changed since then. As highlighted by the Fed'supward revisions for economic growthin last week's Summary of Economic Projections,consensus now expectsthe US economy to grow more than initially expected in 2024. This in and of itself would be a welcome sign for stocks.Add in an underlying trend that earnings have come in stronger than expected and that growth is expected to continue throughout the rest of this year, and this shifting backdrop helps explain why stocks have continued to rally despite a shift in Fed rate cut expectations over the past month."Results from 4Q earnings season were better than feared and 2024 bottom-up EPS estimates have increased by 0.1% to $243 (+9% year-over-year) in the last month," Goldman Sachs chief US equity strategist David Kostin wrote in a note to clients on Friday. "[2025] EPS revision sentiment, which measures the share of positive revisions to negative revisions, is back in positive territory." • Mon, March 25, 2024 at 6:25 PM UTCInes FerréGold’s 'record march higher set to continue,' Goldman analysts sayGold’s (GC=F) recentrallyhas room to grow with the precious metal poised to hit $2,300 an ounce by year-end, according to Goldman Sachs analysts.On Monday futures rose to about $2,176 per ounce in afternoon trading. The precious metal is considered a safe haven during times of geopolitical tensions and when interest rates decrease. Last week, the Federal Reserve continued to signal that it would lower interest rates three times this year.TheFed meeting“reinforced the market’s (and ours) expectations that three cuts are likely this year, lending renewed support to gold to test and surpass March’s earlier record high,” wrote a team of analysts led by Samantha Dart.Goldman Sachs analysts upgraded their average gold price forecast for 2024 from $2,090 to $2,180 per ounce, targeting a move to $2,300 by the end of the year.Readmore here.•USD(GC=F)FollowView Quote Details • Mon, March 25, 2024 at 5:46 PM UTCInes FerréBitcoin gains 9%, climbs above $70,000 per tokenBitcoin (BTC-USD) rebounded more than 9% over the past 24 hours, topping $70,000 per token on Monday.Bitcoin fell to around $61,500 one week ago, after climbing to all-time record highs topping $73,000 earlier in March.The cryptocurrency trades around the clock, seven days a week.•USD(BTC-USD)FollowView Quote Details • Mon, March 25, 2024 at 5:15 PM UTCInes FerréEnergy stocks gain as oil climbs, Morgan Stanley upgrades sectorOil- and gas-related stocks outperformed the rest of the market on Monday as the S&P 500 Energy Select ETF (XLE) rose more than 1%.Morgan Stanley analysts upgraded the sector to Overweight citing "a combination of inflecting relative earnings revisions, strong breadth and compelling valuation.""The recent stability of crude prices also points to a catch up in both relative performance and earnings growth, in our view," wrote Morgan Stanley's Michael Wilson and his team of analysts.Crude oil futures continued their recent climb, jumping more than 1% on Monday. West Texas Intermediate (CL=F) and Brent (BZ=F), the international benchmark price, each traded around $82 and $86 per barrel, respectively, during the session."Energy stocks do trade with oil prices with approximately 70% correlation. Oil prices are up over 13% [year to date] so energy stocks have trailed oil prices," Jay Hatfield, CEO at Infrastructure Capital Advisors, told Yahoo Finance on Monday.XLE is up 11.6% since the start of the year, making it the second-best-performing sector behind Communications Services. • Mon, March 25, 2024 at 4:45 PM UTCInes FerréTrump's social media company to trade under ticker DJT on TuesdayFormer President Trump’s social media company will start trading on the Nasdaq on Tuesday morning following theannouncementof the merger completion with blank check company Digital World Acquisition, or DWAC.The startup will trade under the ticker symbols DJT and DJTWW and continue to be headed by CEO Devin Nunes, the former congressman. The company called Trump Media & Technology Group operates the social media platform Truth Social.As Yahoo Finance's Ben Werschkulrecently reported, Donald Trump could net a $3 billion paper windfall in shares from the merger, though they are subject to a lock-up period. The potential proceeds come at a critical time for the Republican presidential candidate as he struggles with hundreds of millions in legal judgments and a 2024 campaign fundraising shortfall ahead of his rematch with President Joe Biden this fall.•USD(DWAC)FollowView Quote Details • Mon, March 25, 2024 at 4:13 PM UTCInes Ferré3 rate cuts in 2024 are 'in line with my thinking': Fed's GoolsbeeJen Schonberger reports:Chicago Fed President Austan Goolsbee said Monday that three rate cuts in 2024 are "in line with my thinking," and that the fundamental story about falling inflation has not changed despite hotter-than-expected readings in January and February."It seems hard for me to view that the seven months previous to the start of this year were ju... - 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:** ["Christopher Joseph Meade; Senior MD, General Counsel & Chief Legal Officer; BlackRock, Inc.\nLaurence Douglas Fink; Chairman & CEO; BlackRock, Inc.\nMartin S. Small; Senior MD, CFO & Global Head of Corporate Strategy; BlackRock, Inc.\nRobert Steven Kapito; President & Director; BlackRock, Inc.\nAlexander Blostein; Lead Capital Markets Analyst; Goldman Sachs Group, Inc., Research Division\nBrian Bertram Bedell; Director in Equity Research; Deutsche Bank AG, Research Division\nCraig William Siegenthaler; MD & Head of the North American Asset Managers, Brokers & Exchanges Team; BofA Securities, Research Division\nDaniel Thomas Fannon; Senior Equity Research Analyst; Jefferies LLC, Research Division\nKenneth Brooks Worthington; MD; JPMorgan Chase & Co, Research Division\nMichael J. Cyprys; Executive Director and Senior Research Analyst; Morgan Stanley, Research Division\nMichael Patrick Davitt; Senior Analyst of US Asset Managers; Autonomous Research US LP\nWilliam Raymond Katz; Senior Analyst; TD Cowen, Research Division\nOperator\nGood morning. My name is Katie, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the BlackRock, Inc. First Quarter 2024 Earnings Teleconference.Our host for today's call will be the Chairman and Chief Executive Officer, Laurence D. Fink; Chief Financial Officer, Martin S. Small; President, Robert S. Kapito; and General Counsel, Christopher J. Meade. (Operator Instructions). Thank you.Mr. Meade, you may begin your conference.\nChristopher Joseph Meade\nThank you. Good morning, everyone. I'm Chris Meade, the General Counsel of BlackRock.Before we begin, I'd like to remind you that during the course of this call, we may make a number of forward-looking statements. We call your attention to the fact that BlackRock's actual results may, of course, differ from these statements.As you know, BlackRock has filed reports with the SEC, which was some of the factors that may result -- cause the results of BlackRock to differ materially from what we say today.BlackRock assumes no duty and does not undertake to update any forward-looking statements.So with that, I'll turn it over to Martin.\nMartin S. Small\nThanks, Chris, and good morning, everyone. It's my pleasure to present results for the first quarter of 2024.Before I turn it over to Larry, I'll review our financial performance and business results. Our earnings release discloses both GAAP and as-adjusted financial results. I'll be focusing primarily on our as-adjusted results.BlackRock's first quarter results reflect sustained momentum across our entire platform. We ended the quarter with record AUM of nearly $10.5 trillion and one of the strongest opportunity sets ahead across multiple growth engines, including technology, outsourced solutions and private markets. Momentum's accelerating, and we have line of sight into a breadth of significant mandates in investment management and technology spanning client channels and geographies.Teams across BlackRock are energized and organized to execute on these opportunities and deliver BlackRock's platform to clients through world-class client service. We built BlackRock to be a structural grower with industry leadership in secular growth areas like ETFs, private markets, model portfolios and technology. With supportive markets and more optimistic sentiment from clients, we're confident in our ability to both grow assets on behalf of clients and drive profitable growth for our shareholders.First quarter long-term net inflows of $76 billion continued to lead the industry, driving positive organic base fee growth alongside double-digit growth year-over-year in revenue and earnings as well as 180 basis points of margin expansion. Excluding low-fee institutional index equity flows, we saw $100 billion of long-term net inflows in the quarter.As equity markets powered to record highs in the first quarter, investors who were waiting in cash missed out on significant returns across broader markets. With long-term investing, time in the markets is often more important than market timing. Although cash remains an attractive safe haven with the prospect of fewer rate cuts for 2024, the nearly 30% increase in equities over the last year continues to propel clients towards rerisking into stocks and bonds.Clients choose BlackRock for performance. They continue to consolidate more of their portfolios with us, which is driving our growth premium. With more clarity on interest rates and a supportive market backdrop, the assets we manage on behalf of our clients, our units of trust ended the quarter up $1.4 trillion from a year ago, an increase of 15%. Organic asset and base fee growth again accelerated into the end of the quarter, and we see broad-based momentum growing across client channels and regions.In the first quarter, BlackRock generated long-term net inflows of $76 billion, partially offset by seasonal outflows from institutional money market funds. Total annualized organic base fee growth of 1% reflected seasonally softer flows earlier in the quarter before coming back to target in March.First quarter revenue of $4.7 billion increased 11% year-over-year, driven by the impact of market appreciation over the last 12 months on average AUM and higher performance fees and technology services revenue.Operating income of $1.8 billion was up 17% and earnings per share of $9.81 was 24% higher versus a year ago, also reflecting higher nonoperating income.Nonoperating results for the quarter included $90 million of net investment gains, driven primarily by mark-to-market noncash gains on our unhedged seed capital investments and minority investment in Envestnet.Our as-adjusted tax rate for the first quarter was approximately 23% and included discrete tax benefits related to stock-based compensation awards that vest in the first quarter of each year.We continue to estimate that 25% is a reasonable projected tax run rate for the remainder of 2024, though the actual effective tax rate may differ because of nonrecurring or discrete items or potential changes in tax legislation.First quarter base fees and securities lending revenue of $3.8 billion was up 8% year-over-year and up 5% sequentially, driven by the positive impact of market beta on average AUM and positive organic base fee growth. On an equivalent day count basis, our annualized effective fee rate was 0.3 basis point lower compared to the fourth quarter. This was mainly due to the relative outperformance of lower-fee U.S. equity markets, client preferences for lower-fee U.S. exposures and lower securities lending revenue.Performance fees of $204 million increased from a year ago, primarily reflecting higher revenue from alternatives.Quarterly technology services revenue was up 11% compared to a year ago, reflecting sustained demand for our Aladdin technology offerings.Annual contract value or ACV increased 9% year-over-year.Beginning in the first quarter of 2024, earnings recognized from minority investments accounted for under equity method will be presented as part of our nonoperating results. Advisory and other revenue increased from a year ago, primarily reflecting this change.In addition, as many of you know, we updated the presentation of expense line items by including a new sales, asset and account income statement caption. This category includes distribution and servicing costs, direct fund expense and sub-advisory and other sales, asset and account-based expense. Sub-advisory and other expense, which are variable noncompensation expenses associated with asset and revenue growth, was previously reported within general and administration expense.We believe this change provides investors a clearer view of both BlackRock's variable noncompensation expense and G&A, which represents more fixed costs. It represents how we'll execute on our financial rubric of aligning investment spend with our highest conviction growth areas, variabilizing more of our expense base and generating fixed cost scale.Total expense increased 8% year-over-year, reflecting higher compensation, G&A and sales, asset and account expense.Employee compensation and benefit expense was up 11%, primarily reflecting higher incentive compensation as a result of higher operating income and performance fees.G&A expense increased 6% due to the timing of technology investment spend in the prior year. Sequentially, G&A expense decreased 12%, reflecting timing of technology investment spend and seasonally higher marketing and promotional expense in the fourth quarter. While one quarter's results can be impacted by timing of spend, we expect technology to be one of our primary areas of investment within G&A.Sales, asset and account expense increased 5% compared to a year ago, primarily driven by higher direct fund expense.Direct fund expense was up 7% year-over-year, mainly due to higher average index AUM. Sequentially, direct fund expense increased due to higher average index AUM in the current quarter and higher rebates that seasonally occur in the fourth quarter.Our first quarter as-adjusted operating margin of 42.2% was up 180 basis points from a year ago. As markets improve, we remain committed to driving operating leverage and profitable growth. BlackRock's industry-leading organic growth is a direct result of the disciplined investments we've made consistently through market cycles.Looking forward, we'll continue to prioritize investments with differentiated organic growth potential or that will expand operating leverage through enhanced scale.In line with our guidance in January and excluding the impact of Global Infrastructure Partners and related transaction costs, at present, we would expect our head count to be broadly flat in 2024 and we would also expect a low to mid-single-digit percentage increase in 2024 core G&A expense.Our capital management strategy remains consistent: we invest first, either to scale strategic growth initiative **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: 2024-04-13 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,328,293,889,688 - Hash Rate: 704281363.3620051 - Transaction Count: 507173.0 - Unique Addresses: 683432.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Mahe, Seychelles, April 12, 2024 (GLOBE NEWSWIRE) --BitMart, a leading global digital asset trading platform, is thrilled to announce its BTC Halving Celebration, an exciting series of activities designed to commemorate the 2024 Bitcoin Halving event in April. As Bitcoin recently hit a new all-time high, the anticipation surrounding the halving is at an all-time high, and BitMart aims to provide users with opportunities to engage with the event. The Bitcoin Halving event, occurring approximately every four years, is a significant milestone in the cryptocurrency world. It involves a recurring, periodic event programmed into the Bitcoin protocol that’s designed to ensure its scarcity and, by extension, its potential value over time. To celebrate this momentous occasion, BitMart is launching various activities to engage with its users and the larger crypto community. BitMart’s BTC Halving Celebration includes: • A social media campaign:Users are invited to share their understanding of Bitcoin Halving and predict BTC's price on the Halving Day for a chance to win a share of 500 USDT. • BTC Halving Quiz:Users can share a $1000 prize pool, with the first 200 users achieving a perfect score each receiving selected token rewards. • BTCTrading Reward Pool:Trade BTC to Share $5,000 in Rewards. Users who trade eligible BTC spot trading pairs and meet certain requirements during the promotional period will have the opportunity to share $5,000 in rewards, and; • A Deposit & Hold BTC Rewards Pool:Share $2,000 in Rewards. BitMart users who meet deposit and hold requirements during the celebration will be eligible to share $2,000 in rewards. "We are delighted to host the BTC Halving Celebration to mark this significant event in the crypto industry," said Nickolas Hoog, VP of Marketing at BitMart. "The Bitcoin Halving represents a crucial moment in Bitcoin's history, and with Bitcoin recently reaching new all-time highs after the BTC ETF approval, the anticipation surrounding the halving is palpable. At BitMart, we are committed to providing our millions of users with exciting opportunities to engage with the crypto community and participate in market movements."The BTC Halving Celebration promotions will be available for a limited time. For more information and to participate, visit BitMart'sBTC Halving Celebration landing page. AboutBitMart BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1500+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit itswebsite, follow itsTwitteror join itsTelegramfor updates, news and promotions. CONTACT: Nickolas Hoog nickolas.hoog at bitmart.com... - 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:** ["February ended with stocks hitting new highs and not many signs of trouble.\nYes, oil and gasoline prices were higher. Yes, there were some hints of rising inflation.\nBut those issues seemed to be blips. The Federal Reserve was going to cut interest rates sometime this year as inflation neared 2% a year.\nRelated: Fed members' updated interest rate outlooks rock markets\nWall Street all but guaranteed multiple ate cuts. Without, dare we say it, paying enough attention to the warning signs.\nStocks slumped in an ugly way on Friday. The Standard & Poor's 500 Index, whose components represent roughly 75% of the market value of U.S. stocks, dropped nearly 1.6% for the week, its second weekly loss in a row.\nThe Dow Jones industrials fell 2.4% in its second straight weekly loss.\nThe Nasdaq 100 Index, heavily weighted to favor the biggest tech stocks, fell 0.52% and fell for a third straight week.\nAnd the Russell 2000 Index, which has large concentrations of regional banks and companies struggling to be profitable, fell 3.2%.\nIn theory, markets might continue to slide, perhaps for a month or so, until rates do move lower (or the Fed acts) and stock prices of strong companies hit levels that make them irresistible.\nThese were increasing warning signs that markets would be pressured, at the very least, before the end of the week.\nOil prices.West Texas Intermediate, the benchmark U.S., was rising more quickly than many expected. Brent crude, the global benchmark, finished at $90.45, up 33% since the end of 2023. Many economists suggest Brent will breach $100 a barrel in the not-too-distant future.\nInterest rates.The 10-year Treasury yield closed at 4.532% on Friday, up 16.8% from its 2023 close of 3.881%. Mortgage rates are at about 7.3%, about where they were in late November, according toMortgage News Daily.\nTech stocks stopped soaring.Nvidia(NVDA)may be up 78% for the year and 121% since the October market bottom. But the shares are down 9.5% since peaking on March 8. The Nasdaq 100 Index last set a 52-week high on March 21.\nTax selling.Some investors may have been selling to settle up with the Internal Revenue Service.\nIt may be fair to say that investors' enthusiasm had gotten way ahead of itself.\nThat was especially true of Wall Street banks and money managers. Many had begun 2024 believing the Fed would cut rates perhaps as much as seven times this year because the economy would slump without rate cuts.\nThat meant stocks and proxies like cryptocurrencies would surge without end. Bitcoin was at about $68,800 on Saturday afternoon, up 50% on the year. But it has fallen more than 13% from peaks reached in mid-March.\nMore on the economy and inflation\n• Watch out for 8% mortgage rates\n• Ex-Treasury official unveils startling interest rate outlook\n• Weekly Roundup: Market Sobers Up on Inflation\nSo far, the Fed has left its base rate, the federal funds rate, at 5.25% to 5.5% since July 2023. Multiple Fed officials wanted more progress in the fight against inflation.\nDomestic inflation had hit 9% in summer 2022 and came down as interest rates moved from near 0% in late 2021 to current levels.\nThe federal funds rate is the rate banks are supposed to charge each other for loans to meet regulatory requirements. All U.S. interest rates start from that point.\nSpencer Platt/Getty Images\nSo, it's possible markets will be volatile next week regardless of what the earnings reports say. JP Morgan Chase's results on April 12 were actually quite strong.\nIt was the banking giant's cloudy outlook that pushed the Dow component down 6.5%, setting off the big market slump.\nIt was also fear rate cuts might not happen, plus worries about violence in the Middle East,that pushed the major averages sharply lower on April 10.\nIt is possible more declines are ahead, but they may be short-lived because 2024 is not 2008.\nDownturns of 10% have occurred at least 10 times since 2012,according to Charles Schwab data.\nThe S&P 500 fell 15% in December 2018 because of former President Donald Trump's threats to start a trade war with China.\xa0The market had recovered by the end of February.\nWhen the turn comes this time, it will surprise everyone except the smart people who were looking for it.\nYou can see the bottom forming in October 2023 in Nvidia's price action.\nThe shares had been flirting with $500 through the summer, then started to sag.\nOn\xa0Oct. 26, the shares dropped to as low as $398.80, then bounced back to $403.21.\nConfirmation of the bottom came on Oct. 31, when Nvidia hit $392.30, then recovered back to $407.74.\nFrom there it surged to $974 on March 8 and fell back to $875.28. It's been going sideways ever since.\nSo, stocks and markets are pulling back but maybe not dangerously.\nA new stress for markets erupted, however, over the weekend when Iran launched a barrage of drones and missiles at Israel in apparent retaliation after an Israeli attack on what Iran said was a consular building within its embassy compound in Damascus.\nBut evidence on Sunday suggested the missiles caused little damage. Futures trading Sunday suggested stocks would open higher at Monday's open. Oil prices were flat-to-lower.\nRelated: This is how crazy Buffalo got during the eclipse\nEarly reports said the missiles, seen over Israel and Jordan were being intercepted. How the attacks affect markets will depend on how much damage and loss of life results.\nIn the meantime, the week ahead will feature some important economic reports, including:\n• Housing starts and building permits on Tuesday morning. Both will likely show housing activity is sliding back because of high mortgage rates.\n• Jobless claims, due Thursday morning, a weekly survey of how many people are filing for unemployment compensation.\n• Existing-home sales from the National Association of Realtors, due Thursday. The estimate is that sales in March ran at an annualized rate of 4.2 million homes and condos, down from 4.38 million units in February.\nThe first-quarter earnings season began Friday in earnest when some of the biggest banks reported results. The results were mostly good. The commentary, especially from banking giant JP Morgan Chase(JPM), was less optimistic and helped set off Friday's slump.\nThe earnings reports will continue over the next months. This week includes reports from:\nMonday:Investment banking giant Goldman Sachs(GS), Charles Schwab(SCHW), and M&T Bank(MTB). The trio are expected to report results smaller than in the 2023 first quarter.\nTuesday:Health-insurance giant UnitedHealth Group(UNH), Johnson & Johnson(JNJ), Bank of America(BAC), Mastercard(MA)and United Airlines(UAL). Investors may see better year-over-year results for UnitedHealth and flat or slightly lower results for the others.\nWednesday:Chip-equipment maker ASML Holding(ASML); Abbott Labs(ABT); warehousing developer Prologis(PLD)and railroad giant(CSX). Earnings are expected to be flat.\nThursday:Taiwan Semiconductor(TSM), Netflix(NFLX), money manager Blackstone(BX,)and homebuilder D.R. Horton(DHI). Netflix and D.R. Horton are seen showing the best results. D.R. Horton is one of the biggest homebuilders, with the financial might to make home sales happen even in the current rate environment.\nFriday:Consumer products giant Procter & Gamble(PG)and credit-card company American Express(AXP).\nRelated: Veteran fund manager picks favorite stocks for 2024", "It's safe to say that the cryptocurrency market is back in the good graces of investors. After crypto asset prices tanked in 2022, they have been on a monster upswing in the past 15 months. There might be no better beneficiary of this positive momentum thanSolana(CRYPTO: SOL).\nThiscryptocurrencyhas skyrocketed 800% just in the past 12 months. A $1,000 investment would be worth $9,000 today. Good luck finding a better-performing asset.\nBefore you rush to buy Solana, make sure you take the time to understand these three facts about it.\nLikeEthereum, Solana operates aproof-of-stakeconsensus mechanism. This means that token owners are the ones who help approve transactions and validate the blockchain. Solana also has functionality forsmart contracts.\nBut this innovative cryptocurrency has a unique feature known as proof-of-history. This system changes how time is recorded on the blockchain, reducing the need to carry extra data and resulting in faster throughput. It helps explain why Solana can theoretically process 50,000 transactions per second (TPS). That's astronomically higher than Ethereum's 14 TPS orBitcoin's 5 TPS.\nSolana's differentiated infrastructure, with its particular focus on speed and low costs, has helped introduce a valuable use case. Launched in Feb. 2022, Solana Pay could be this network's killer app. It allows consumers and merchants to connect directly via the blockchain, handling transactions in the native token, SOL, or astablecoin. There's instant settlement and virtually no fees.\nFor retailers, payment processing is a huge expense item that can eat away at their already-slim margins. Solana Pay can help these merchants keep more of their revenue as profit.\nNot only that but because a blockchain is used, new features can be introduced. Merchants can attach anon-fungible token(NFT) with each purchase that acts as a receipt. This NFT could also offer up future discounts or access to special events held by that merchant. The ability to engage with customers is what's exciting here.\nSolana is also dabbling in the mobile space. It launched a web3-enabled smartphone, called the Saga, in the summer of 2022. The hope is that this product can onboard more users to crypto by making it seamless to interact with various decentralized applications. A cheaper second version of the smartphone has also been introduced.\nI think it's encouraging to see a popular cryptocurrency like this try to bring greater utility, with the intention of transitioning Solana away from a tool that's used mainly for financial sp **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: 2024-04-14 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,268,610,158,344 - Hash Rate: 674220573.4624075 - Transaction Count: 473328.0 - Unique Addresses: 665693.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: “Show me the money.” The notorious phrase from 1996’s “Jerry Maguire” movie is on the lips of investors watching the state of the Bitcoin mining market as it faces its next crunch point: April's Bitcoin Halving. Mining, an integral part of securing the bitcoin network, requires a lot of capital to operate profitably. And now, after a brutal crypto winter and with the upcoming halving next month, many investors have turned sour on what once was an outrageously profitable business, drying up capital for the miners. This feature is part of CoinDesk’s“Future of Bitcoin” packagepublished to coincide with the fourth Bitcoin “halving” in April 2024. To bring investors back and keep them on-board, miners will need to upgrade to more efficient mining machines, cut costs, have a prudent risk management strategy and participate in deal-making that will enhance shareholder value, industry observers say. “I think the next evolution [for mining investors] is there'll be a lot more scrutiny on how you're deploying capital and what the return on that investment is for these companies,” said Asher Genoot, the new CEO of bitcoin mining firm Hut 8. He added that any company “that is not able to execute on that [return on investment] will suffer because shareholders won't trust them with money and you'll have capital flowing to others, that people really trust and are willing to support.” Read more:Bitcoin Halving, Explained Gaining investors' trust could be tough, but not impossible if a company knows which options to utilize correctly, Genoot said. In the last bull market of 2021, investors poured money into miners who were able to show that they had invested money to grow their business — regardless of the capital cost. This led to miners buying assets at high prices and borrowing more debt than was serviceable. When the bear market hit in the second half of 2022, shares of publicly-traded miners imploded, leading investors to drop the stocks altogether. Even now, as the digital assets market starts another bull run, investors are still shying away from the miners, starving the industry of capital it needs to stay profitable and grow their businesses. The main concern among the investors is the risk the miners will face heading into April’s halving event: competing for the block reward that will be slashed in half. Many investors now hope to gain their bitcoin exposure through spot bitcoin exchange-traded funds (ETFs), which are less uncertain than bitcoin mining stocks. One of the first options miners can use to stay profitable when the halving cuts reward by half is to have mining machines that can consume less power but have higher computing ability i.e. more efficient rigs. Buying new generations of miners ahead of a potential post-halving bull market is crucial for miners to stay profitable, bitcoin mining equipment and hosting provider Blockware Solutions said in a research report. “Miners who embrace the halving and capitalize on bear market prices for hardware stand to reap substantial rewards, with shorter ROI [return on investment] periods and enhanced profitability throughout the halving epoch,” the report said. The miners have already started to deploy capital to upgrade their mining fleet, heading into the halving. Most recently, Riot Platforms (RIOT) said itspent nearly $100 millionto buy new generations of MicroBT’s mining rigs to increase computing power while raising efficiency. But just buying more efficient machines may not be enough for miners. A machine can be more efficient, but if it costs more, miners will need to evaluate if it is worth maintaining and running the older machines or buying new ones, Hut 8’s Genoot said, noting that miners need to consider “how quickly can you get your dollars deployed” when thinking about investing in new mining rigs. Amanda Fabiano, founder of Fabiano Consulting and former head of mining at Galaxy, agrees with Genoot. It may make sense for some miners to continue to upgrade to newer model mining rigs, but a deeper dive into the cost of mining is needed to make that decision. “If someone is on the mid-curve of the cost curve, they likely will continue to upgrade their fleet. If a miner has a low cost of electricity and can have some energy arbitrage, older gen machines aren’t a terrible idea,” she said. The cost of powering mining rigs is another key consideration. “By positioning ourselves on that lower end of the operating cost curve, we basically make ourselves in a position where, irregardless of what happens with mining revenues or transaction fees, we're going to be in a position that's going to be profitable for modeling purposes,” Ben Gagnon, chief mining officer of Bitfarms (BITF), said duringfourth quarter earnings call. A miner can buy cheap mining rigs that are new and more efficient, but if they aren’t plugged in with a cheap source of power, miners won’t be profitable, failing to gain investors' confidence. “Miners [mining machines] aren’t scarce today. You can buy new ones, buy used ones or take someone else’s order over, but there isn’t a lot of scarcity value. What is scarce is the access to power,” said Greg Beard, Stronghold Digital Mining’s (SDIG) CEO. Stronghold’s solution is its own power plant that turns “coal refuse,” a material left over from coal mining, into power at its wholly-owned Scrubgrass and Panther Creek power plants in Pennsylvania. Power management is one of the key battlegrounds for running a profitable mining company. “It's your ability to manage energy in real-time,” Genoot said. Aside from managing the cost of power, miners can also deploy other creative solutions to hedge their revenue post-halving. One is “production hedging” — something traditional commodity firms have done to eliminate pricing volatility. Just like an oil and gas producer or a corn farmer, digital asset miners can use derivatives to lock in the price of their mined bitcoin to hedge against any potential downside. Some options are already out there, including Luxor Technologies’ derivativesproductsthat aim to aid miners use hashrate derivatives — a type of financial product tied to the mining of bitcoin — to help with hedging activities. Read more:Crypto Miners Are Pivoting to AI (Like Everyone Else) However, these hedges are complex and may pose some challenges for miners, because of their lack of liquidity. “While there are several positive aspects associated with using such derivative products, they also pose a multitude of challenging problems, potentially contributing to the scarcity of sell-side offerings and a simultaneous lack in buy-side activity,” Galaxy's mining analysts, led by Brandon Bailey, wrote in aresearch note. Miners can mitigate such liquidity concerns by using other risk management strategies such as “options, costless collars, and forwards,” Galaxy said, noting that “these straightforward structures are highly liquid and boast quick execution times.” Additionally, miners can opt-in to diversify their revenue stream by using their data centers to host other customers, including artificial intelligence and cloud computing. During the trenches of crypto winter, some miners have already started to do so to mitigate revenue risks. One theme that comes up repeatedly when talking about halving and survival of miners is the prospect of more mergers and acquisitions (M&A). As CoinDesk has reported, the halving will lead strong miners to devour smaller, less efficient miners, unleashing a survival of the fittest dynamic. Read more:Bitcoin Halving Is Poised to Unleash Darwinism on Miners Industry observers and participants agree, calling the strategy one of the crucial levers that miners can pull to stay profitable post-halving. “Operational excellence and SG&A cost will become more important for all miners, but especially the public [listed] mines. I personally think M&A season will continue — consolidation and shifts in strategies leading up to and post the halving,” said Fabiano. Hut 8’s Genoot echoed this. “I think opportunities will come up, smaller operators will realize that they can't get the count forward, they can't compete as much at scale, and larger companies will continue to consolidate,” he said. Miners, includingHut 8,CleanSpark(CLSK),Marathon(MARA), have all started to buy up assets from other miners to stay ahead of the competition. However, given increased investor scrutiny, miners will likely seek buying opportunities that can provide a good return on investment. “I think you will see consolidation this year related to how do you make more money and acquire someone that has the power limit on the overhead [cost]” to create a deal that will add value for the shareholders, said Stronghold’s Beard. Bitfarm’s Gagnon cautioned that consolidation has to make sense for the shareholders. “It needs to be at the right cost and it needs to add strategic value,” he said. “We believe that finding surplus, low-cost electricity, preferably renewable, is the long-term benefit to the company. So if somebody else has developed something that makes sense to us and we can get it at the right price strategically, then we're happy to layer it in,” Gagnon added. Read more:Bitcoin Soared to an All-Time High. So Why Aren't Miners Blasting Off, Too?... - 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, April 15 (Reuters) - The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. The dollar went up 1.6% against a basket of six major currencies last week after a small but unnerving upside surprise in U.S. inflation cast doubt over bets on U.S. rate cuts, while European policymakers signalled a cut within a few months. The dollar made a 34-year high on the yen and five-month top on the euro on Friday and traded near those levels early in the Asia day, buying 153.24 yen and a euro for $1.0646. There was little initial reaction to a weekend attack on Israel by Iran. The Australian and New Zealand dollars rose very slightly to lift away from lows, with the Aussie up 0.2% to $0.6475 after briefly touching a two-month trough of $0.6455. The kiwi, which hit a five-month low on Friday, nudged 0.2% higher to $0.5946. Bitcoin, which like the Aussie and kiwi can be a barometer of market sentiment, fell last week and in weekend trade but steadied on Monday to $65,721. Iran had warned of a strike on Israel and over the weekend launched drones and missiles in retaliation for what it said was an Israeli attack on its Damascus consulate. It caused modest damage and Iran said it now "deemed the matter concluded." Two senior Israeli ministers signalled on Sunday that retaliation was not imminent and that Israel would not act alone, leaving the region on edge over the risk of a broader war, while financial markets were in wait-and-see mode. "It is too early to judge," said Jason Wong, senior market strategist at BNZ in Wellington. "It was really a symbolic attack over the weekend ... never really designed to inflict much damage - it\'s now over to what Israel\'s response will be." Sterling was 0.1% firmer to $1.2460, not far from Friday\'s five-month low at $1.2426. U.S. two-year yields rose 15 basis points last week and markets have dialled down U.S. interest rate cut expectations to price in just a 50 basis-point reduction this year, with the first cut not fully priced until September. That is a long way from January pricing for more than 150 bps in cuts by December. U.S. retail sales data is due later on Monday. Canadian and New Zealand inflation figures are due on Tuesday, along with Chinese growth numbers. British inflation data is out on Wednesday and Aussie jobs data on Thursday. ======================================================== Currency bid prices at 0005 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0645 $1.0642 +0.04% +0.00% +1.0652 +1.0630 Dollar/Yen 153.2950 153.2450 +0.06% +0.00% +153.3150 +153.1900 Euro/Yen 163.19 163.08 +0.07% +0.00% +163.2400 +162.9400 Dollar/Swiss 0.9138 0.9144 -0.06% +0.00% +0.9141 +0.9115 Sterling/Dollar 1.2456 1.2449 +0.06% +0.00% +1.2463 +1.2451 Dollar/Canadian 1.3759 1.3774 -0.11% +0.00% +1.3779 +1.3757 Aussie/Dollar 0.6474 0.6463 +0.18% +0.00% +0.6479 +0.6455 NZ Dollar/Dollar 0.5942 0.5935 +0.16% +0.00% +0.5950 +0.5937 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Christopher Cushing)', '(Updates prices at 0115 GMT)\nBy Rae Wee\nSINGAPORE, April 15 (Reuters) - Asian shares slumped and gold prices rose on Monday as risk sentiment took a hit after Iran\'s retaliatory attack on Israel stoked fears of a wider regional conflict and kept traders on edge.\nThe dollar scaled a fresh 34-year high against the yen on growing expectations that sticky inflationary pressures in the United States will keep rates there higher for longer.\nMarkets in Asia began the week on a cautious footing. MSCI\'s broadest index of Asia-Pacific shares outside Japan fell 0.7% after Iran had, late on Saturday, launched explosive drones and missiles at Israel in retaliation for a suspected Israeli attack on its consulate in Syria on April 1.\nThat marked Iran\'s first direct attack on Israeli territory.\nThe threat of open warfare erupting between the arch Middle East foes and dragging in the United States has left the region on tenterhooks. U.S. President Joe Biden warned Prime Minister Benjamin Netanyahu the U.S. will not take part in a counter-offensive against Iran.\nIsrael said "the campaign is not over yet".\nJapan\'s Nikkei slid more than 1%, while Australia\'s S&P/ASX 200 index lost 0.6%.\nHong Kong\'s Hang Seng Index slumped 0.8%.\nThe escalating tensions also sparked a flight to safety that sent gold rising 0.51% to $2,356.39 an ounce and the safe-haven dollar broadly higher, extending its 1.6% rise from last week.\nOil prices, however, hardly reacted to the news, as traders had largely priced in a retaliatory attack from Iran that would likely further disrupt supply chains. That saw Brent crude futures peaking at $92.18 a barrel last week, the highest level since October.\nBrent was last 0.5% lower at $90.01 per barrel, while U.S. West Texas Intermediate crude futures fell roughly 0.6% to $85.13 a barrel.\n"The key risks for the global economy are whether this now escalates into a broader regional conflict, and what the response is in energy markets," said Neil Shearing, group chief economist at Capital Economics.\n"A rise in oil prices would complicate efforts to bring inflation back to target in advanced economies, but will only have a material impact on central bank decisions if higher energy prices bleed into core inflation."\nU.S. stock futures, meanwhile, ticked higher, after a heavy selloff on Wall Street on Friday as results from major U.S. banks failed to impress.\nS&P 500 futures and Nasdaq futures each rose 0.15%.\n"Geopolitical headlines are going to be very much there," said Chris Weston, head of research at Pepperstone.\n"The market is really trying to understand what\'s going on. Their visibility to price risk in this market has become a bit more troublesome, and I think when you don\'t have that visibility, you do get higher volatility. That\'s kind of where we are."\nRATE RETHINK\nElsewhere, U.S. Treasury yields held near their recent highs as traders pared back their expectations of the pace and scale of rate cuts from the Federal Reserve this year.\nThe benchmark 10-year yield last stood at 4.5277%, while the two-year yield held near the 5% level and was last at 4.8966%.\nA continued run of resilient U.S. economic data, particularly last week\'s hotter-than-expected inflation report, has added to the view that U.S. rates could remain higher for longer, and that a Fed easing cycle is unlikely to commence in June.\nFutures now point to about 50 basis points worth of easing expected this year, a huge pullback from the 160 bps that was priced in at the start of the year.\nThat sea change in the rate outlook has in turn sent the dollar on a tear, pushing it to a 34-year peak of 153.69 yen on Monday.\nThe euro and sterling were similarly pinned near five-month lows.\n"We have updated our forecasts for the U.S. FOMC, pushing out the timing of the start of the interest rate cutting cycle to September 2024, from July previously," said Kristina Clifton, a senior economist at Commonwealth Bank of Australia.\n"The U.S. CPI has been stronger than expected over the first three months of 2024. We expect that it will take a string of inflation prints of 0.2%/month or lower to give the Fed confidence that inflation can stay sustainably lower and that interest rates do not need to remain at a restrictive level."\nA slew of Fed policymakers are due to speak this week, including Chair Jerome Powell, who could give further clarity on the future path of U.S. interest rates.\nThe shift in rate expectations has halted bitcoin\'s blistering rally, after the world\'s largest cryptocurrency repeatedly notched fresh records this year thanks to flows into new spot bitcoin exchange-traded funds and expectations of imminent Fed cuts.\nBitcoin was last more than 2% lower at $65,536, after falling below $62,000 on Sunday.\n(Reporting by Rae Wee in Singapore; Editing by Lincoln Feast and Jamie Freed)', "Oil and stock futures traded largely flat Sunday evening as financial markets offered muted reactions to Iran launching hundreds of missiles and drones at Israel on Saturday.\nThe major U.S. stock indices ticked up 0.2%-0.3%, while oil prices eased 0.2%-0.4%. West Texas Intermediate crude hovered below $86 per barrel, and Brent crude was around $90. Analysts had earlier predicted that Brentcould spike above $100 per barrelafter already surging 20% in the year to date before the attack.\nPrices for gold—traditionally seen as a safe-haven asset—were flat at $2,375 per ounce, and remain below the record highs touched on Friday.\nU.S. Treasury bonds, another safety trade, sold off slightly, lifting the 10-year yield 5.5 basis points to 4.554%. The dollar fell against the euro and British pound but rose versus the yen.\nCryptocurrencies continued rebounding from losses on Saturday. Bitcoin rose 1.6% to $65,205, and ether added 2.5% to $3,150.\nThe muted initial reaction may be due to optimism that the Middle East conflict won't escalate. While it marked Iran’s first-ever, full-scale military assault on Israel,99% of the projectiles were shot down, and no fatalities were reported.\nMeanwhile, the White House signaled it’s seeking to prevent hostilities from spreading. President Joe Biden reportedly told Prime Minister Benjamin Netanyahuthe U.S. would not participate in any offensive action against Iran,after pledging “ironclad” support for Israel’s defense.\nFor its part, Tehran has indicated no more attacks are forthcoming. But Israel's response remains to be seen, as is any further retaliation that it may spark from Iran.\nCapital Economics saidin a note early Sundaythat increased tension in the Middle East likelygives the Federal Reserve even more cause to go slow on rate cuts, as oil prices could disrupt the central bank’s battle against inflat **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: 2024-04-15 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,248,769,726,788 - Hash Rate: 605510196.549041 - Transaction Count: 503358.0 - Unique Addresses: 666015.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.74 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Usually, meme coins are related to dog memes or other innocuous pop culture icons. However, with the presidential election looming, the crypto community is looking to combine memes, crypto and politics into a new asset class some are calling "PoliFi." MAGA Coin (TRUMP) is one of the tokens trailblazing the PoliFi movement. Created in August, the relatively new token is hoping to attract attention, gain investors and make a difference through charity work. Don't Miss: • If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today. • About 22% of the adult population in the U.S. own a share of Bitcoin,how much would $10 get you today? The token does not offer much real value to investors, but it does donate a small percentage (0.4%) of the total token supply to different charities, such as Veterans for Child Rescue and National Veterans Homeless Support. The main purpose of the token is investment. Traders are using it as somewhat of a proxy for betting on Trump on the campaign trail. "It’s evolved to become this kind of de facto betting market on the election for many investors," said Steven Steele, the project's marketing director. This also means that not all of the investors in TRUMP are die-hard MAGA supporters. They could simply be looking to make a quick buck off of price movement with the token. As Trump was racking up primary victories, the price of the token surged, increasing from less than $3 on Feb. 22 to a high of $11.56 on March 4. This marked a more than 300% increase in less than two weeks. At its highest point, the market cap soared above $480 million and into the top 160 cryptocurrencies by market capitalization. Trending: Bitcoin To $100,000?Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast. Because the token uses Trump's name, image and likeness, he is earning royalties on it. The developers of the token send 579,281 TRUMP tokens to the former president’s wallet. At their peak, these tokens were worth $6.7 million. However the token has since fallen nearly 50% from those highs, and the market cap is currently below $300 million. This means that Trump's holdings are worth just over $4 million. While this is still a significant amount, it is a long way from the previous highs. Despite the setback in price, Steele still has huge ambitions for the future of the project. "My intention is really to have this up there with aDOGE [Dogecoin]or SHIB [Shiba Inu], that kind of scale and market cap and popularity," Steele told Fortune. SHIB and DOGE both have market caps of around $20 billion. For TRUMP to reach that level, the tokens would have to trade for around $475. This would require a 6,700% increase from current prices. While the token is unlikely to reach these levels, the price is up more than  40,000% since its inception in August. So, as TRUMP (and Donald Trump) make headlines and the election draws closer, it will be interesting to see where the token and project go in the future. Read Next: • Large boom in cryptocurrency and metaverse interest as BTC skyrockets —has Apple Vision Pro increased the demand for virtual real estate? • Thelast-standing top crypto exchange without a major security breachoffers what now? "ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now! Get the latest stock analysis from Benzinga? This articleTrump Meme Coin Nears $500 Million Market Cap - Is PoliFi The New "In" For Retail Investors?originally appeared onBenzinga.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - 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:** ['(Changes word in paragraph 6 quote to \'cut\', not \'hike\')\nBy Brigid Riley\nTOKYO, April 16 (Reuters) - The dollar hit a five-month high against major peer currencies on Tuesday following hotter-than-expected U.S. retail sales figures, raising intervention worries as the yen languished at its lowest level since 1990.\nThe Chinese yuan stabilised after touching its lowest since November in early Asia trading after GDP data for China\'s first quarter beat expectations, a boost for policymakers trying to shore up confidence in the face of a protracted property crisis.\nU.S. data on Monday showed retail sales rose 0.7% last month, compared with a 0.3% rise that economists polled by Reuters had forecast. Data for February was revised higher to show sales rebounding 0.9% for the largest gain in just over a year, much stronger than the previously reported 0.6%.\nThe latest data has raised more questions about when the Federal Reserve could begin cutting interest rates, following robust employment gains in March and a pick-up in consumer inflation.\nMarkets are now pricing in a 41% chance of the Fed cutting rates in July, compared with around 50% before the data, according to CME FedWatch tool. The likelihood of the first cut coming in September has bumped up to nearly 46%.\n"I just see no chance of a July cut, assuming we’re all looking at the same data," said Matt Simpson, senior market analyst at City Index.\nUnderlining the market bets, the president of the San Francisco Federal Reserve Bank, Mary Daly, said late on Monday in the United States that there is "no urgency" to cut U.S. interest rates.\nThe U.S. dollar index touched 106.37 on Tuesday, the highest since Nov. 2.\nIn the face of dollar strength, the yen breached 154 per dollar to hit its weakest level in 34 years.\nThat kept traders on high alert for yen-buying intervention from Japanese authorities. With hedge funds building up their largest bets against the currency in 17 years, a rebound in the yen could trigger a significant rally.\nIn Tokyo, Japanese Finance Minister Shunichi Suzuki said on Tuesday he was closely watching currency moves and will take a "thorough response as needed", after the dollar hit a 34-year high.\nThe yen last hovered around 154.40 per dollar, close to the new resistance level of 155.\nDespite verbal warnings, "the test of 155 seems too tempting," and market forces are likely to drive the currency pair higher, said Simpson at City Index.\n"How it reacts around that level should provide a good indication of whether (Japanese authorities) have thrown in the towel with intervention."\nThe offshore Chinese yuan fell to 7.2831 per dollar for its lowest mark since Nov. 14, before picking up after official data showed China\'s economy grew 5.3% in the first quarter year-on-year, comfortably beating analysts\' expectations.\nBut China\'s retail sales missed expectations, a worrying sign for consumer confidence and reflection of the economy\'s uneven recovery.\nElsewhere, the euro brushed $1.06070, the weakest since Nov. 2, as it continued to slump after the European Central Bank last week left the door open to a rate cut in June.\nThe Australian dollar dropped to $0.64085, its lowest since Nov. 14.\nThe kiwi slipped to a five-month low of $0.58815.\nBitcoin fell 0.26% to $62,978.00.\n(Reporting by Brigid Riley; Editing by Stephen Coates and Neil Fullick)', '• US stocks fell on Monday as investors worried about an escalation of the Israel-Iran conflict.\n• The risk-off nature of Monday\'s market action sent the 10-Year Treasury yield to its highest level of 2024.\n• March retail sales data surged 0.7%, more than double consensus estimates of 0.3%.\nUS stocks reversed their Monday morning gains and finished the day considerably lower as investors worried about a potential escalation of the Israel-Iran conflict.\nIran fired hundreds of missiles and drones at Israel, but its defense system, in coordination with its allies,intercepted nearly all of the projectiles.\n"Iranian officials have said that this concludes the response and markets are hoping that the situation will de-escalate from here. However, this situation is by no means over and the back-and-forth headlines have continued throughout the day," NYSE market strategist Michael Reinking said.\nA sourcetold NBC Newsthat a retaliatory attack by Israel against Iran could be "imminent." Allies of Israel have cautioned the country from further escalating the conflict.\nSeparately, retail sales surged in March, growing 0.7%, more than double consensus estimates of 0.3%. The combination of solid retail sales data and the risk-off nature of the Israel-Iran conflict sent the 10-year Treasury yield to its highest level of 2024 and its highest level since November.\nHere\'s where US indexes stood at the 4 p.m. closing bell on Monday:\n• S&P 500:5,061.82, down 1.2%\n• Dow Jones Industrial Average:37,735.11, down 0.7% (-248 points)\n• Nasdaq Composite:15,885.02, down 1.8%\nHere\'s what else happened today:\n• The average US home price could spike 20% to a record $500,000if the Fed cuts interest rates too soon, expert says.\n• Shares of Trump Media and Technology Group plunged nearly 20%after the company filed with the SEC to sell millions of shares.\n• Goldman Sachs reported its highest quarterly profit since 2021.Here\'s a break down of the results.\n• A Warren Buffett-signed sheet of uncut dollar bills sold at auction for $20,740 over the weekend.\n• Tesla stock fell 5% on Monday after the company initiated a wave of layoffs,reducing its workforce by about 14,000 employees as the company deals with weak EV demand.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil dropped 0.19% to $85.50 a barrel.Brent crude, the international benchmark, fell 0.27% to $90.21 a barrel.\n• Goldjumped 1.04% to $2,398.80 per ounce.\n• The 10-year Treasury yield climbed 9 basis points to 4.62%.\n• Bitcoindeclined by 3.43% to $63,506.\nRead the original article onBusiness Insider', 'By Hannah Lang\n(Reuters) - Could bitcoin\'s bumper rally just be getting started this year?\nThat\'s the question on the minds of cryptocurrency traders ahead of the upcoming bitcoin \'halving\', a change in the token\'s underlying blockchain technology that is designed to reduce the rate at which new bitcoins are created.\nPrevious bitcoin halvings in 2012, 2016 and 2020 were followed by massive rallies in its price: a year after the May 2020 bitcoin halving, bitcoin was up more than 545%.\nThe next halving is currently slated to occur on April 20, per data platform CoinGecko. But this time around, the market is split on whether bitcoin could be in for another meteoric rise.\nAt the halving, the amount of bitcoin available as rewards for miners is cut in half, making mining less profitable and slowing the production of new tokens. Some bitcoin enthusiasts say that bitcoin\'s enhanced scarcity gives it extra value.\nIn an April 8 report, Bitfinex analysts predicted bitcoin\'s price would soar about 160% in the 12-14 months after this year\'s halving, which they said could push bitcoin to an all-time high of more than $150,000.\n"This current cycle stands out from all the other previous cycles as the bitcoin price has already achieved a new all-time high - even before the halving. This anomaly could be interpreted as a bullish indicator, yet it also introduces a level of uncertainty into the market dynamics," the report said.\nDavid Mercer, CEO of LMAX Group, which operates an institutional crypto exchange, is among the skeptics: "The view from the grown-up market is this: 2012, 2016, 2020, the halving preceded a massive bull run, so the evangelist will tell you, 2024 is going to be the same. We think not."\nThe reason? Some analysts say the impact of the halving could have already been priced into bitcoin\'s recent move skyward. Bitcoin hit an all-time high in March at $73,803.25, and has risen more than 60% since Jan. 1 as investors cheered new U.S. spot bitcoin exchange-traded funds (ETFs) and bet on the entry of new institutional money into the asset class.\nThe bitcoin ETFs "brought in a tremendous amount of interest and net new flows into bitcoin preceding the halving event, whereas in the past, we\'ve seen price levels right after the halving event bring in those new flows," said Thomas Perfumo, head of strategy at crypto exchange Kraken.\nPRICED IN?\nHalvings happen approximately every four years, though, according to some analysts, it\'s difficult to rely on historical precedent. They say that a combination of factors outside of the halving could have contributed to bitcoin\'s rally in 2020, including looser monetary policy and stay-at-home retail investors spending spare cash on cryptocurrencies.\n"A sample size of three [halvings] is not necessarily large enough to be conclusive. It is also important to note that other bullish events in the industry contributed to the gains," researchers at crypto analytics firm Kaiko said in a note.\nStill, others say that the ETFs could just be one in a series of catalysts that could support bitcoin\'s price in the year following a halving. The U.S. Federal Reserve is widely expected to cut interest rates this year, which could boost risk assets such as cryptocurrencies.\n"You have a simultaneous influx of new money into the asset class, finally, by way of the ETF ... then there\'s also the Fed, indicating that they plan on easing monetary policy later this year," said Ravi Doshi, head of markets at FalconX, a crypto prime broker.\n"Assuming that inflation prints continue to stay muted, you have this recipe for significantly higher prices."\n(Reporting by Hannah Lang in New York; Editing by Vidya Ranganathan and Pravin Char)', '• Crypto prices continue to decline, with the Bitcoin Trend Indicator dropping into neutral.\n• Trading volume for BTC remains resilient, however.\nBitcoin {{BTC}}was down nearly 4%, trading below $62,500 in the early hours of the Asia busi **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: 2024-04-16 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,217,401,788,938 - Hash Rate: 708575761.9190906 - Transaction Count: 454669.0 - Unique Addresses: 743368.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.65 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Updates bitcoin prices) By Amanda Cooper and Tom Westbrook LONDON/SINGAPORE, March 4 (Reuters) - Bitcoin rallied to a two-year high on Monday, breaking above $68,000 as a wave of money carried it within striking distance of record levels. The price hit a session high of $68,580 and was last at $68,161. Bitcoin hit a record $68,999.99 in November 2021. The largest cryptocurrency by market value has gained 50% this year and most of the rise has come in the last few weeks when inflows into U.S.-listed bitcoin funds have surged. Spot bitcoin exchange-traded funds were approved in the United States earlier this year. Their launch opened the way for new large investors and has re-ignited enthusiasm and momentum reminiscent of the run up to record levels in 2021. "The flows are not drying up as investors feel more confident the higher price appears to go," said Markus Thielen, head of research at crypto analytics house 10x Research in Singapore. Net flows into the 10 largest U.S. spot bitcoin funds reached $2.17 billion in the week to March 1, with more than half of that going into BlackRock's iShares Bitcoin Trust , according to LSEG data. Smaller rival ether has hitched a ride on speculation that it too may soon have exchange-traded funds driving inflows. It's up 50% year-to-date and by Monday was trading at two-year highs, up 2.6% on the day at $3,518. The rally has come in tandem with records tumbling on stock indexes from Japan's Nikkei to the S&P 500 and tech-heavy Nasdaq and with volatility gauges in equities and foreign exchange turning lower. "In a world where Nasdaq is making new all-time highs, crypto is going to perform well as bitcoin remains a high-volatility tech proxy and liquidity thermometer," said Brent Donnelly, trader and president at analysis firm Spectra Markets. "We are back to a 2021-style market where everything goes up and everyone is having fun." (Editing by Shri Navaratnam, Louise Heavens and Sandra Maler)... - 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 inched higher on Tuesday, despite hawkish comments from Fed Chairman Jerome Powell.\n• Powell noted little progress in combatting inflation, suggesting higher-for-longer interest policy.\n• Treasury bond yields hit another record high for 2024.\nUS stocks were mixed on Tuesday, with equities wavering after the latest comments from Federal Reserve Chairman Jerome Powell cast doubt on the potential for interest rate cuts this year.\nSpeaking during a panel, the central bank chief said that more confidence was needed in the trajectory of US inflation, which has remained stubbornly high in recent readings.\n"More recent data shows solid growth and continued strength in the labor market, but also a lack of further progress so far this year on returning to our 2% inflation goal," he said.\nHis comments sent long-dated Treasury yields spiking to another 2024 record, indicating that investors are growing convinced about a higher-for-longer monetary regime.\nFed fund futures are nowpricing inthe first rate cut for September, instead of the long-touted June timeline.\n"Fed Chair Powell moved more decidedly in a hawkish direction as he essentially underscored that the downward trajectory of inflation has essentially stalled," Quincy Krosby, \xa0Chief Global Strategist for LPL Financial, said. "Moreover, he made it clear - rather than his more ambiguous stance regarding a rate easing timetable - that the \'higher for longer\' narrative remains intact."\nStocks were propped up throughout the day by strong corporate earnings, with a majority of S&P 500 companies having so far beaten estimates. Rallying on Tuesday were Morgan Stanley and UnitedHealth, which grew nearly 3% and 6%.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500: 5,051.33, down 0.21%\n• Dow Jones Industrial Average: 37,798.77, up 0.17% (+63.66 points)\n• Nasdaq Composite: 15,865.25, 0.12%\nHere\'s what else is happening today:\n• Donald Trump\'s social media firm is plummeting in markets. Here\'s how hisTruth Social users feel about the steep losses.\n• Theshuttering of a massive Panama mineis a key element behind copper\'s surging price.\n• Gold could jump another 25%on rising geopolitical tensions and falling interest rates, Citi says.\n• A bullishstock market signal just hinted at 19% upsideby August 2025, Bank of America says.\n• A perfect Fed \'no landing\' wouldn\'terase a possible 10% correction stock risk, Ed Yardeni says.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose a modest 0.01% to $85.42 a barrel.Brent crude, the international benchmark, slipped to $89.92 a barrel.\n• Goldincreased by 0.45% to $2,393 per ounce.\n• The 10-year Treasury yield climbed three basis points to 4.663%.\n• Bitcoindropped by 0.9% to $62,998.\nRead the original article onBusiness Insider', '• BTC is up, trading above $64,000 while ETH prices continue to decline.\n• The CD20 is flat, trading at 2,174.\nEther {{ETH}} was changing hands just above $3,000 during the opening hours of the Asia trading day as the CoinDesk IndicesEthereum Trend Indicator flippednegative, signaling a bearish shift in momentum.\nAt the same time, bitcoin {{BTC}}, is trading slightly above $64,000 after challenging it for most of the Asia trading morning.\n"Unexpected higher U.S. treasury yields, a stronger dollar, and geopolitical risks in the Middle East weighed down on crypto markets," Jun-young Heo, a Derivatives Trader at Singapore-based Presto, said in an interview on Telegram with CoinDesk.\nYeo said that risk-off sentiment was also reflected in the derivatives market, with funding rates in some exchanges turning negative and three-month basis yields "plunging" to 10%.\n"Short-term put options are more expensive than call options for both BTC and ETH," Heo continued.\nLiquidations in the last 12 hours came in almost evenly split between bullish and bearish futures bets, with $31.1 million in long positions getting liquidated and $36.49 million in shorts getting rekt.\n"It seems investors have been unable to break all-time highs but remain unwilling to completely turn bearish either," Justin d\'Anethan, head of business development at Keyrock, a crypto market maker in Hong Kong, said in a note to CoinDesk.\nThe CoinDesk 20, an index measuring the performance of the world\'s largest digital assets, is effectively flat trading at 2,174.\n"It is a difficult environment to navigate with a series of positive crypto-centric catalysts," he continued. On the other hand, the macro side of things seems to be dominating all risk assets, with more hawkish rate expectations in light of surprisingly higher inflation and, of course, the increase in tension in the Middle East."\nd\'Anethan also noted that sideways price action and settling into a range could, in crypto, set the stage for more explosive moves, with leveraged traders taking a view and then suffering from violent liquidation events when the scene clears up, bringing a decisive move in markets.\n"It might need some time or other catalyst rather than known events to turn this sentiment back to bullish," added Heo.', '• BTC is up, trading above $64,000 while ETH prices continue to decline.\n• The CD20 is flat, trading at 2,174.\nEther {{ETH}} was changing hands just above $3,000 during the opening hours of the Asia trading day as the CoinDesk IndicesEthereum Trend Indicator flippednegative, signaling a bearish shift in momentum.\nAt the same time, bitcoin {{BTC}}, is trading slightly above $64,000 after challenging it for most of the Asia trading morning.\n"Unexpected higher U.S. treasury yields, a stronger dollar, and geopolitical risks in the Middle East weighed down on crypto markets," Jun-young Heo, a Derivatives Trader at Singapore-based Presto, said in an interview on Telegram with CoinDesk.\nYeo said that risk-off sentiment was also reflected in the derivatives market, with funding rates in some exchanges turning negative and three-month basis yields "plunging" to 10%.\n"Short-term put options are more expensive than call options for both BTC and ETH," Heo continued.\nLiquidations in the last 12 hours came in almost evenly split between bullish and bearish futures bets, with $31.1 million in long positions getting liquidated and $36.49 million in shorts getting rekt.\n"It seems investors have been unable to break all-time highs but remain unwilling to completely turn bearish either," Justin d\'Anethan, head of business development at Keyrock, a crypto market maker in Hong Kong, said in a note to CoinDesk.\nThe CoinDesk 20, an index measuring the performance of the world\'s largest digital assets, is effectively flat trading at 2,174.\n"It is a difficult environment to navigate with a series of positive crypto-centric catalysts," he continued. On the other hand, the macro side of things seems to be dominating all risk assets, with more hawkish rate expectations in light of surprisingly higher inflation and, of course, the increase in tension in the Middle East."\nd\'Anethan also noted that sideways price action and settling into a range could, in crypto, set the stage for more explosive moves, with leveraged traders taking a view and then suffering from violent liquidation events when the scene clears up, bringing a decisive move in markets.\n"It might need some time or other catalyst rather than known events to turn this sentiment back to bullish," added Heo.', 'According to a research report by brokerage firm Bernstein,Bitcoin (BTC)miners have experienced underperformance this year. However, the CEOs of mining companies remain optimistic as the upcoming halving event approaches. The halving, which occurs every four years, involves a reduction in miner rewards, consequently slowing the rate of Bitcoin supply growth. The next halving is anticipated to take place around April 19-20.\nThe report explained that the underperformance can be attributed to significant movements in Bitcoin and spot exchange-traded funds (ETFs). These factors have drained "retail liquidity" from mining stocks, coupled with concerns about the impact of the halving on miner revenues. However, in interviews with the CEOs of Riot Platforms (RIOT), CleanSpark (CLSK), Marathon Digital (MARA), Cipher Mining (CIFR), and Hut 8 (HUT), these companies emphasized that they are in a relatively strong financial position this cycle, making them better equipped to withstand the effects of the halving.\nThe CEOs also highlighted that miner dollar revenues have reached all-time highs, providing a solid buffer for miners ahead of the halving. Additionally, they noted the relatively low debt levels on their balance sheets. The report also mentioned that some CEOs foresee potential consolidation within the mining industry. The CEO of CleanSpark, for example, expects the industry to consolidate around four leading miners, naming RIOT, MARA, CLSK, and CIFR as the frontrunners. The CEO of MARA emphasized a similar path to industry consolidation and identified CLSK as their main competitor in the race to acquire targets.\nAnother significant change observed this time around is the development of applications and layer 2 solutions on the Bitcoin blockchain. This development has led to an increase in network fees that flow back to miners as additional revenue streams.', 'According to a research report by brokerage firm Bernstein,Bitcoin (BTC)miners have experienced underperformance this year. However, the CEOs of mining companies remain optimistic as the upcoming halving event approaches. The halving, which occurs every four years, involves a reduction in miner rewards, consequently slowing the rate of Bitcoin supply growth. The next halving is anticipated to take place around April 19-20.\nThe report explained that the underperformance can be attributed to significant movements in Bitcoin and spot exchange-traded funds (ETFs). These factors have drained "retail liquidity" from mining stocks, coupled with concerns abou **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: 2024-04-17 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,248,315,687,450 - Hash Rate: 588332602.3206996 - Transaction Count: 385606.0 - Unique Addresses: 661886.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.67 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: It's been a rather choppy day in the cryptocurrency world. The entire crypto market is down 3.9% over the past 24 hours, as of 3 p.m. ET, withBitcoin(CRYPTO: BTC),Ethereum(CRYPTO: ETH), andDogecoin(CRYPTO: DOGE)leading the way lower. These three major tokens have declined 4.5%, 5.1%, and 7% over the same time frame, outpacing the losses of the overall market. In the crypto world, these are three of the mostly closely watched cryptos, due to their importance to a wide range of investors. As the world's largest and second-largest digital assets, Bitcoin and Ethereum are viewed as the benchmarks for the sector. Most of the value being accrued to this space goes to these two tokens, which currently account for well more than half the value of the overall sector. For investors in Dogecoin, plenty can be gleaned from this meme token's price movements with respect to sentiment in this sector, particularly among speculators. Let's dive into what's driving this price action today. Much of today's move with respect to Bitcoin and Ethereum, seen as stores of value, appears to be tied to concerns around rate cut bets, and the effect on the U.S. dollar (which has remained very strong over the past month). As the dollar strengthens amid bets that interest rate cuts may be fewer (or farther away) than anticipated, that's going to have some impact on the valuations of these top cryptocurrencies that are benchmarked against the dollar, similar to other commodities. Additionally, some concerns around cooling spot Bitcoin ETF demand has sent Bitcoin (and the entire market) lower today. The latest data as of April 1 shows net daily outflows from these exchange-traded products of around $1.1 billion, hurting the overall thesis that strong demand and an upcoming halving event for Bitcoin could lead to price outperformance. This could also hurt demand for Ethereum ahead of potential spot ETFs launched for this token, as well as overall institutional capital flows into this digital asset. Dogecoin's decline today really needs to be put into perspective, since this token hit a freshtwo-year highthis week. There's still plenty of hype around the world's largest meme token relating to an upcoming meme token spinoff and an upcoming launch of futures contracts onCoinbase. But as is the case with most daily moves, Dogecoin's outsize plunge relates to its nature as a more speculative asset traders use to bet on broader price moves. This crypto rally has been relatively orderly, so investors may want to consider today's decline in these three top tokens from a broader lens. Yes, a 5% to 7% daily decline in any asset is a big move. But in the larger scheme of things, these higher-risk volatile assets tend to move in such fashion on a frequent basis. Accordingly, I'm not entirely sure much can be made about today's decline signaling an end to the strong rally we've seen this year. At least, not yet. For now, investors will certainly want to pay attention to incoming macro data and spot ETF inflows as a gauge of how demand for digital assets continues to evolve. I'm not surprised to see a downtick in ETF inflows in recent days, given the run-up we've seen thus far this year. However, it will be important to see if investors return to this asset class, or if a broader rotation is underway. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of April 1, 2024 Chris MacDonaldhas positions in Ethereum. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, and Ethereum. The Motley Fool has adisclosure policy. Why Bitcoin, Ethereum, and Dogecoin Slumped Todaywas originally published by The Motley Fool... - Reddit Posts (Sample): [['u/MasterOfReallity', 'Selling all XRP for BTC', 40, '2024-04-17 00:12', 'https://www.reddit.com/r/CryptoMarkets/comments/1c5szhk/selling_all_xrp_for_btc/', 'I feel really stupid, cause I could have bought BTC last year and literally doubled my money but instead I bought into youtube clickbait and thought it would go to 1k.\r \n\r \nBut now I don\'t see how anything could happen with it. It was supposed to go up after the SEC case and instead went down. It can\'t even go back to it\'s peak at 3 dollars yet alone 10 dollars like some claim. Before the case it was the same. Seems like the more "banks" utilize it the lower the price is.\r \n\r \nAt what time does the halving end, should I buy right away or wait for a dip? The money I get back I will put into BTC hopefully as soon as I sell.', 'https://www.reddit.com/r/CryptoMarkets/comments/1c5szhk/selling_all_xrp_for_btc/', '1c5szhk', [['u/Chr-whenever', 60, '2024-04-17 00:20', 'https://www.reddit.com/r/CryptoMarkets/comments/1c5szhk/selling_all_xrp_for_btc/kzwed9j/', 'XRP is and always has been manipulated scam garbage', '1c5szhk'], ['u/Initial-Desk-360', 26, '2024-04-17 00:33', 'https://www.reddit.com/r/CryptoMarkets/comments/1c5szhk/selling_all_xrp_for_btc/kzwge7j/', 'DYOR but the XRP/BTC chart is like nearly at an all time low, so like you are getting the least amount of BTC right now for your XRP you ever would have in the history of Crypto.\n\nPersonally I would rather die than sell something when its at an all time low but do what you gotta do.', '1c5szhk'], ['u/putgambler', 21, '2024-04-17 00:39', 'https://www.reddit.com/r/CryptoMarkets/comments/1c5szhk/selling_all_xrp_for_btc/kzwhc1n/', 'This just proves that xrp has 0 demand', '1c5szhk'], ['u/Jenn2895', 10, '2024-04-17 00:46', 'https://www.reddit.com/r/CryptoMarkets/comments/1c5szhk/selling_all_xrp_for_btc/kzwidqw/', "You thought xrp could go to $1k? \n\nTake a little bit of time to learn about marketcaps. There's still people thinking Shiba Inu can go as high as bitcoin... b/c they don't understand the basics like market caps.", '1c5szhk'], ['u/TheNotSoRealMVP', 15, '2024-04-17 06:13', 'https://www.reddit.com/r/CryptoMarkets/comments/1c5szhk/selling_all_xrp_for_btc/kzxuxf7/', "XRP is a trader's best friend, but an investor's worst nightmare.", '1c5szhk']]], ['u/CryptoDawn', "I'm one of the original founders of Reddit Island from 10+ years ago, I finally have the money to make Reddit Island a possibility. I now have $100m+ and we will turn Reddit Island into the society of the future it deserves to be.", 58, '2024-04-17 00:43', 'https://www.reddit.com/r/Reddit_Island/comments/1c5tqbd/im_one_of_the_original_founders_of_reddit_island/', "I've been working on Reddit Island and free societies for 10+ years and I'm one of the original founders and moderators of Reddit Island from the original subreddit. I started posting here about 2 years ago when I saw this new subreddit become a thing and I was happy to see that some people still believed in the dream of Reddit Island. And now I'm back because I have what we need to make Reddit Island happen.\n\nI'm happy to say I now have the funds required to make Reddit Island a reality. I've recently been able to get $100 million+ and some of that can be used to make Reddit Island a reality in additon to extra funds that will become available. \n\nI will post proof of the funds in Bitcoin soon possibly next week and it will be 100% verifiable. Reddit Island is finally becoming a thing.\n\nI want to hear everyone's thoughts and give me some ideas on things you think we should do with Reddit Island.", 'https://www.reddit.com/r/Reddit_Island/comments/1c5tqbd/im_one_of_the_original_founders_of_reddit_island/', '1c5tqbd', [['u/tortupouce', 41, '2024-04-17 00:54', 'https://www.reddit.com/r/Reddit_Island/comments/1c5tqbd/im_one_of_the_original_founders_of_reddit_island/kzwjosq/', "If this even has 1% of being true, I'll use the first comment to say this: make it the law to have a mandatory poop knife in every househot", '1c5tqbd'], ['u/buildbox0606', 26, '2024-04-17 04:19', 'https://www.reddit.com/r/Reddit_Island/comments/1c5tqbd/im_one_of_the_original_founders_of_reddit_island/kzxfp77/', 'generally my first question will be how will you determine who gets access to live on the island? i assume it will be through some kind of application process', '1c5tqbd'], ['u/CallMeRenny84', 15, '2024-04-17 09:45', 'https://www.reddit.com/r/Reddit_Island/comments/1c5tqbd/im_one_of_the_original_founders_of_reddit_island/kzyfag3/', 'Just drop the paypal already', '1c5tqbd'], ['u/urioRD', 10, '2024-04-17 10:06', 'https://www.reddit.com/r/Reddit_Island/comments/1c5tqbd/im_one_of_the_original_founders_of_reddit_island/kzygwso/', 'Send me 1 Bitcoin as a prove', '1c5tqbd'], ['u/RedgieTheHedgie', 10, '2024-04-17 13:14', 'https://www.reddit.com/r/Reddit_Island/comments/1c5tqbd/im_one_of_the_original_founders_of_reddit_island/kzyxaww/', '- is there an island or group of islands picked out already? \n\n\n-what would be the expected starting population and how would that be determined? \n\n\n-have agriculture and the economy been considered? \n\n\n-what about climate? \n\n\n-what about access to the mainland?\n\n\n-what might the average individual be expected to do specific to the good of the community?\n\n\n-have power generation and distribution been considered? \n\n\n-what about shelter? I imagine space would be at a premium, so no single family dwellings could be expected. \n\n\n-potable water source? \n\n\n-healthcare? \n\n\n-ecological surveys will need done. \n\n\n-what might the political system look like? Could this be a chance for a more direct democracy? \n\n\n-is there an minimum income to be considered or is it enough to be ready and willing?\n\n\n-how would laws be decided and enforced?\n\n\n-waste management?\n\n\n-tax system? \n\n\nBasically, I want to believe in this crazy idea, but as an actual autist I lack the cognitive dissonance to believe something just because I want to.', '1c5tqbd']]], ['u/Obvireal', 'PREDICTION', 33, '2024-04-17 02:04', 'https://www.reddit.com/r/Bitcoin/comments/1c5vkxg/prediction/', 'It seems public sentiment is going to drastically change... Now that more countries are opening up to bitcoin and are starting to accumulate and study it, we may see mass adoption way sooner than we think... One country will fall in line after another, chasing as many bitcoins as they can obtain, fighting to stay on top. \n\nThey all already see the charts. Bitcoin has followed the same pattern every 4 years 4 times. It is a pattern, and foresight will cause many to buy it at a specific time. We are near a singularity that will propel us into a new age. \n\nSupply is already low. 100,000s of Bitcoins can be bought in weeks. There are only so many millions.\n\nWhat happens when people become more educated on bitcoin and paper handed people are fewer and farther between. \n\nNow my prediction is this is going to happen this upcoming cycle that begins in 3 days. Its very bullish I know, but a negative hindsight 2020 is something we all try to avoid.', 'https://www.reddit.com/r/Bitcoin/comments/1c5vkxg/prediction/', '1c5vkxg', [['u/LiveDirtyEatClean', 20, '2024-04-17 03:04', 'https://www.reddit.com/r/Bitcoin/comments/1c5vkxg/prediction/kzx3xrn/', 'I predict bitcoin in the 400s this cycle', '1c5vkxg'], ['u/nkbc13', 10, '2024-04-17 03:45', 'https://www.reddit.com/r/Bitcoin/comments/1c5vkxg/prediction/kzxab80/', "It's the opposite of that. It's only when bitcoin get's adopted as a legitimate store of value that it will then be used as a medium of exchange. And to get to that level of store of value... price must go up big", '1c5vkxg'], ['u/johnn2015', 14, '2024-04-17 05:02', 'https://www.reddit.com/r/Bitcoin/comments/1c5vkxg/prediction/kzxlwcy/', 'Wow amazing prediction. I have never heard this insight before. Not once.', '1c5vkxg'], ['u/Webbed_Bubble', 11, '2024-04-17 05:17', 'https://www.reddit.com/r/Bitcoin/comments/1c5vkxg/prediction/kzxnya5/', "That be wild . Amazing for sure . But I think that's an unreasonable expectation for this cycle . My most bullish guess is 200 k and that's most bullish imo", '1c5vkxg'], ['u/Inland_Emperor', 15, '2024-04-17 07:54', 'https://www.reddit.com/r/Bitcoin/comments/1c5vkxg/prediction/kzy5q22/', 'Well for the record, I like his opinion better than your opinion.', '1c5vkxg']]], ['u/R3dFiveStandingBye', 'Would you get a prenup for your stack?', 88, '2024-04-17 03:05', 'https://www.reddit.com/r/Bitcoin/comments/1c5wvj5/would_you_get_a_prenup_for_your_stack/', 'If you were getting married and wanted to never lose full control of your stack would you ask your significant other to sign one? Mainly for bitcoin ', 'https://www.reddit.com/r/Bitcoin/comments/1c5wvj5/would_you_get_a_prenup_for_your_stack/', '1c5wvj5', [['u/Subject-Rope-9991', 168, '2024-04-17 03:25', 'https://www.reddit.com/r/Bitcoin/comments/1c5wvj5/would_you_get_a_prenup_for_your_stack/kzx74bb/', 'What stack?', '1c5wvj5'], ['u/secondtrades', 13, '2024-04-17 03:27', 'https://www.reddit.com/r/Bitcoin/comments/1c5wvj5/would_you_get_a_prenup_for_your_stack/kzx7f0g/', 'Establish a Trust', '1c5wvj5'], ['u/lookoutcomrade', 40, '2024-04-17 03:34', 'https://www.reddit.com/r/Bitcoin/comments/1c5wvj5/would_you_get_a_prenup_for_your_stack/kzx8mky/', 'You are better off just keeping it off the record at that point.', '1c5wvj5'], ['u/Mr_WildWolf', 25, '2024-04-17 03:47', 'https://www.reddit.com/r/Bitcoin/comments/1c5wvj5/would_you_get_a_prenup_for_your_stack/kzxamql/', '🤔 so get a prenup and also get a vasectomy', '1c5wvj5'], ['u/Equivalent_Swan634', 12, '2024-04-17 03:51', 'https://www.reddit.com/r/Bitcoin/comments/1c5wvj5/would_you_get_a_prenup_for_your_stack/kzxb9lr/', 'She may have money or come into money and the prenup will keep you out of her stack.', '1c5wvj5'], ['u/EmpiricalRutabaga', 28, '2024-04-17 04:05', 'https://www.reddit.com/r/Bitcoin/comments/1c5wvj5/would_you_get_a_prenup... 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's recent drop to $61,000 has flushed out leveraged positions in the market, leading to a significant decline in the total value of futures contracts traded on major exchanges.Accordingto Coinglass, the value of futures contracts has plummeted from $35.17 billion earlier last week to as low as $28.7 billion on April 18.\nAnalysts\xa0 attribute this downturn to a deleveraging event caused by various factors, including escalating geopolitical tensions in the Middle East and stronger-than-expected economic data in the United States. The Bitcoin futures market had reached extreme levels last week, with funding rates, the cost of holding leveraged positions, for longs rising to 25% on an annualized basis. However, following the market turbulence, funding rates have fallen to 8%.\nDuring this period, significant Bitcoin liquidations have also occurred, with almost $1.8 billion in leveraged positions being liquidated over April 12 and 13. On April 17 alone, almost $219 million in liquidations took place. The majority of these liquidations took place on OKX, amounting to $31 million, followed by Binance with $27 million.\nWith the Bitcoin halving upcoming, the recent market volatility may have already relieved some of the high leverage in the market, which could have made the halving a volatile event. Despite the strong fundamentals of Bitcoin, the absence of marginal buyers and the heavy skew of long leverage positioning can exacerbate market downturns, especially when triggered by a macro event.", "Bitcoin's recent drop to $61,000 has flushed out leveraged positions in the market, leading to a significant decline in the total value of futures contracts traded on major exchanges.Accordingto Coinglass, the value of futures contracts has plummeted from $35.17 billion earlier last week to as low as $28.7 billion on April 18.\nAnalysts\xa0 attribute this downturn to a deleveraging event caused by various factors, including escalating geopolitical tensions in the Middle East and stronger-than-expected economic data in the United States. The Bitcoin futures market had reached extreme levels last week, with funding rates, the cost of holding leveraged positions, for longs rising to 25% on an annualized basis. However, following the market turbulence, funding rates have fallen to 8%.\nDuring this period, significant Bitcoin liquidations have also occurred, with almost $1.8 billion in leveraged positions being liquidated over April 12 and 13. On April 17 alone, almost $219 million in liquidations took place. The majority of these liquidations took place on OKX, amounting to $31 million, followed by Binance with $27 million.\nWith the Bitcoin halving upcoming, the recent market volatility may have already relieved some of the high leverage in the market, which could have made the halving a volatile event. Despite the strong fundamentals of Bitcoin, the absence of marginal buyers and the heavy skew of long leverage positioning can exacerbate market downturns, especially when triggered by a macro event.", 'Kraken, the second-largest crypto exchange in the US, hasunveiledits own crypto wallet. The self-custodial "Kraken Wallet" will be released on Wednesday, making it accessible to both Kraken users and non-users. The newly developed wallet will initially support eight prominent blockchains, including Bitcoin, Ethereum, Solana, and Dogecoin, among others.\nNotably, Kraken Wallet will be the first wallet from a major exchange to be open-sourced, allowing developers to access and contribute to the code. The exchange emphasized their commitment to support open-source contributors, stating that “it’s at the heart of what crypto is all about: transparency, decentralization and community.” As an additional incentive, Kraken will reward developers who identify vulnerabilities through their open-source grant program, ensuring continuous improvement and bug fixes.\nPrivacy-conscious crypto users will appreciate Kraken\'s commitment to data minimization. The wallet will only collect the essential information required for wallet functionality, and user activity will be routed through Kraken\'s infrastructure, safeguarding IP addresses and preventing the exposure of identity and location information. Furthermore, the exchange has engaged Trail of Bits to do a full-scale security audit on the wallet code.\nKraken has been expanding its product suite in recent months. In November, the exchange reportedly explored the development of its own layer 2 blockchain, following Coinbase\'s launch of its rollup chain called Base in August.', '• Social media metrics suggest crypto followers are beginning to adopt a bearish attitude on bitcoin\'s price trajectory.\n• Historically, bearish crowd sentiment has been observed at market bottoms.\n"The masses are always wrong. Wisdom is doing everything the crowd does not do," American poet and novelistCharles Bukowski said.\nThat holds true for crypto too, and the crypto crowd is beginning to lean bearish on bitcoin {{BTC}} – a sign the current BTC price sell-off may soon run out of steam.\n"Historically, prices move in the opposite direction of mass traders\' expectations," blockchain analytics platform Santiment said in amarket insightspost, adding the market could bottom out right before the halving – expected in the next two days – or shortly after.\nData tracked by Santiment shows that the number of "bull market" or "bull cycle" mentions on crypto social media has been declining since late March. At the same time, the number of "bear market" or "bear cycle" mentions steadily increased.\nSantiment\'s Social Trends indicator tracks chatter across Telegram, Reddit, X and 4Chan to identify keywords or topics that have sparked interest.\n"According to the crypto crowd, the #bullmarket has essentially come to an end after #Bitcoin\'s -16% market value drop since the #AllTimeHigh of $73,600 hit back on March 14th. At the same time, #bearmarket mentions are increasing," Santiment said.\nThe number of mentions for other keywords like "buy the dip" also indicates that "hopium ” – crypto slang for hopes of a quick recovery and a continued bull run – among retail investors has faded.Historically, a decline in the "buy the dip" mentions has marked the end of downtrends.\nThe dwindling probability of Federal Reserve interest-rate cuts, heightened geopolitical tensions and timing for U.S. tax payments have weighed on bitcoin this month, leading to a 14% price slide.\nThe leading cryptocurrency by market value hit lows under $60,000 yesterday before recovering to trade near $61,200 at press time. TheCoinDesk 20 Index, which measures the performance of the top 20 digital assets by market capitalization, has declined by 24% this month.\nBitcoin\'s blockchain will implement its fourthmining reward halvingon Friday or early Saturday, cutting the per-block BTC emission by 50% to 3.125 BTC. Several analysts,including JPMorgan, have warned of a deeper price slide following the quadrennial event, although the consensus is bullish over the long term.', '• Social media metrics suggest crypto followers are beginning to adopt a bearish attitude on bitcoin\'s price trajectory.\n• Historically, bearish crowd sentiment has been observed at market bottoms.\n"The masses are always wrong. Wisdom is doing everything the crowd does not do," American poet and novelistCharles Bukowski said.\nThat holds true for crypto too, and the crypto crowd is beginning to lean bearish on bitcoin {{BTC}} – a sign the current BTC price sell-off may soon run out of steam.\n"Historically, prices move in the opposite direction of mass traders\' expectations," blockchain analytics platform Santiment said in amarket insightspost, adding the market could bottom out right before the halving – expected in the next two days – or shortly after.\nData tracked by Santiment shows that the number of "bull market" or "bull cycle" mentions on crypto social media has been declining since late March. At the same time, the number of "bear market" or "bear cycle" mentions steadily increased.\nSantiment\'s Social Trends indicator tracks chatter across Telegram, Reddit, X and 4Chan to identify keywords or topics that have sparked interest.\n"According to the crypto crowd, the #bullmarket has essentially come to an end after #Bitcoin\'s -16% market value drop since the #AllTimeHigh of $73,600 hit back on March 14th. At the same time, #bearmarket mentions are increasing," Santiment said.\nThe number of mentions for other keywords like "buy the dip" also indicates that "hopium ” – crypto slang for hopes of a quick recovery and a continued bull run – among retail investors has faded.Historically, a decline in the "buy the dip" mentions has marked the end of downtrends.\nThe dwindling probability of Federal Reserve interest-rate cuts, heightened geopolitical tensions and timing for U.S. tax payments have weighed on bitcoin this month, leading to a 14% price slide.\nThe leading cryptocurrency by market value hit lows under $60,000 yesterday before recovering to trade near $61,200 at press time. TheCoinDesk 20 Index, which measures the performance of the top 20 digital assets by market capitalization, has declined by 24% this month.\nBitcoin\'s blockchain will implement its fourthmining reward halvingon Friday or early Saturday, cutting the per-block BTC emission by 50% to 3.125 BTC. Several analysts,including JPMorgan, have warned of a deeper price slide following the quadrennial event, although the consensus is bullish over the long term.', '• JPMorgan said it expects bitcoin to fall after the reward halving.\n• The bank’s analysis shows that the cryptocurrency remains overbought.\n• Miners will be most affected by the event, the report said.\nThe bitcoin {{BTC}} price is likely to weaken after thereward halving, a quadrennial event that slows the rate of growth in bitcoin supply and looks set to occur aroundApril 19-20, Wall Street giant JPMorgan (JPM) said in a research 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: 2024-04-18 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,209,307,140,625 - Hash Rate: 622687790.7773827 - Transaction Count: 418095.0 - Unique Addresses: 670913.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.57 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: By Tom Wilson LONDON, Feb 21 (Reuters) - Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said on Wednesday "aligned with its efforts to ensure that USDC remained trusted, transparent and safe". Boston-based Circle said in a blog that, effective immediately, it would no longer mint USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins whose founder is facing regulatory problems in the United States. Stablecoins are digital tokens that are designed to keep a constant value and are backed by traditional currencies. Circle did not give a reason for its decision but said that under its risk management framework it "continually assesses the suitability" of blockchains that support USDC, the second-biggest stablecoin after Tether. It said institutional clients can transfer USDC held on Tron to other blockchains, or redeem the tokens with it for traditional currency, until February 2025. Retail customers can transfer USDC to other blockchains and redeem USDC at crypto exchanges and brokerages, it added. Circle, which in January said it had filed for a U.S. initial public offering, last year terminated accounts held with it by Tron founder Justin Sun and his affiliated companies. Sun, a prominent crypto entrepreneur, was sued last year by the Securities and Exchange Commission for allegedly artificially inflating trading volumes and selling Tron tokens as an unregistered security. Sun said the SEC charges "lack merit". Circle's latest announcement affects USDC on the Tron blockchain, "as opposed to an individual user or related business entities", a spokesperson said. With some $28 billion in circulation, USDC is the eighth-biggest crypto token, according to data firm CoinGecko. USDC worth $335 million are hosted on Tron, Circle's website says. In November, Reuters reported, citing interviews with financial crime experts and blockchain investigation specialists, that Tron had overtaken Bitcoin as a platform for crypto transfers associated with groups designated as terror organizations by Israel, the United States and other countries. In response to that article, a Tron spokesperson said it did not have control over those using its technology, and that it was not linked to the groups identified by Israel. (Reporting by Tom Wilson in London; Editing by Tommy Reggiori Wilkes and Emelia Sithole-Matarise)... - 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:** ['During a recentinterviewwith Bloomberg, Jamie Dimon, the CEO of JP Morgan, reiterated his long-held belief thatBitcoinis a “public decentralized Ponzi scheme." Dimon expressed his skepticism about Bitcoin\'s potential as a currency, stating that he has always maintained his view that it lacks prospects in that regard.\nIn addition, Dimon called Bitcoin a fraud, saying, “if you mean crypto like Bitcoin, I’ve always said it’s a fraud.” However, he did acknowledge the value of blockchain technology and smart contracts, recognizing their potential applications. Dimon clarified that if a cryptocurrency can offer something useful like smart contracts, which hold inherent value, then blockchain technology has a purpose. He said: “to the extent crypto is accessing certain blockchain things, that might have some value.”\nWhile Dimon sees potential in blockchain and smart contracts, he has consistently criticized Bitcoin, associating it with illicit activities such as anti-money laundering, and terrorism financing. He has previously stated that if these negative use cases cannot be resolved, regulators should intervene and shut down Bitcoin. However, this would be a challenging task considering the widespread network of over 20,000 Bitcoin nodes currently operating.\nDespite Dimon\'s critical stance on Bitcoin, JP Morgan has become an "authorized participant" in several spot Bitcoin exchange-traded funds (ETFs) offered by BlackRock, Invesco/Galaxy Digital, and Fidelity. In a report released in December, a JP Morgan analyst expressed doubts about the long-term impact of Bitcoin ETFs on the market and predicted thatEthereumwould outperform Bitcoin in 2024.', 'During a recentinterviewwith Bloomberg, Jamie Dimon, the CEO of JP Morgan, reiterated his long-held belief thatBitcoinis a “public decentralized Ponzi scheme." Dimon expressed his skepticism about Bitcoin\'s potential as a currency, stating that he has always maintained his view that it lacks prospects in that regard.\nIn addition, Dimon called Bitcoin a fraud, saying, “if you mean crypto like Bitcoin, I’ve always said it’s a fraud.” However, he did acknowledge the value of blockchain technology and smart contracts, recognizing their potential applications. Dimon clarified that if a cryptocurrency can offer something useful like smart contracts, which hold inherent value, then blockchain technology has a purpose. He said: “to the extent crypto is accessing certain blockchain things, that might have some value.”\nWhile Dimon sees potential in blockchain and smart contracts, he has consistently criticized Bitcoin, associating it with illicit activities such as anti-money laundering, and terrorism financing. He has previously stated that if these negative use cases cannot be resolved, regulators should intervene and shut down Bitcoin. However, this would be a challenging task considering the widespread network of over 20,000 Bitcoin nodes currently operating.\nDespite Dimon\'s critical stance on Bitcoin, JP Morgan has become an "authorized participant" in several spot Bitcoin exchange-traded funds (ETFs) offered by BlackRock, Invesco/Galaxy Digital, and Fidelity. In a report released in December, a JP Morgan analyst expressed doubts about the long-term impact of Bitcoin ETFs on the market and predicted thatEthereumwould outperform Bitcoin in 2024.', '• The next threshold for bitcoin is $55,000 if the market turmoil continues, according to an analyst.\n• Tokenized gold PAXG is up 3%.\nBitcoin {{BTC}} came back over $62,000 as the market recovered after reports of limited damage from an Israeli strike on Iranian military targets.\nABC News first reported that Israel hadlaunched a retaliatory strike against Iranon Friday morning.CNN quoted local mediaas saying that various military bases and airfields in the country have been hit by missiles.Al Jazeerareported that Iranian authorities are downplaying the nature of the attack, claiming it was a limited drone strike.\nEther {{ETH}} also recovered slightly,according to CoinDesk Indices data, but was still trading below $3000. PAXG, a tokenized version of gold run by Paxos, is up nearly 3%,according to market data.\nMarch Zheng, a managing partner at Bizantine Capital, said that the next threshold for bitcoin is $55,000, should market turmoil continue.\n“If there is a panic sell for bitcoin due to war-related news, it would still be a good buying opportunity,” added Jun-Young Heo, a derivatives trader at Presto, in a Telegram message.\nMajor stock indices in Asia are also down, with Hong Kong\'s Hang Seng index down 3.5%, Japan\'s Nikkei 225 down 6.5%, and Taiwan\'s TAIEX down 5%. U.S. stock futures similarly fell while crude oil prices rose,MarketWatch reported.\nThe market now appears to be overlooking the attack and is now focused on the upcoming halving.\n“BTC saw high volume and retracement going from 64k to 61k a day before the expected halving event with the \'sell the news\' most likely being priced in at this point, showcased by a negative BTC funding rate,” Semir Gabeljic, director of capital formation at Pythagoras Investments, wrote in an email interview with CoinDesk.\n"All of the recent retracements, including this one, are in line with historical halving drawdowns; the only difference and consideration is the uncertainty of the macro landscape ahead, which will create additional volatility to come," he added.\nThe CoinDesk 20 (CD20), a measure of the performance of the most liquid digital assets, is up 0.47%, trading at 2,137.\nUPDATE (April 19, 2024, 05:20 UTC):Updates headline and story with new information, adds additional details.', '• The next threshold for bitcoin is $55,000 if the market turmoil continues, according to an analyst.\n• Tokenized gold PAXG is up 3%.\nBitcoin {{BTC}} came back over $62,000 as the market recovered after reports of limited damage from an Israeli strike on Iranian military targets.\nABC News first reported that Israel hadlaunched a retaliatory strike against Iranon Friday morning.CNN quoted local mediaas saying that various military bases and airfields in the country have been hit by missiles.Al Jazeerareported that Iranian authorities are downplaying the nature of the attack, claiming it was a limited drone strike.\nEther {{ETH}} also recovered slightly,according to CoinDesk Indices data, but was still trading below $3000. PAXG, a tokenized version of gold run by Paxos, is up nearly 3%,according to market data.\nMarch Zheng, a managing partner at Bizantine Capital, said that the next threshold for bitcoin is $55,000, should market turmoil continue.\n“If there is a panic sell for bitcoin due to war-related news, it would still be a good buying opportunity,” added Jun-Young Heo, a derivatives trader at Presto, in a Telegram message.\nMajor stock indices in Asia are also down, with Hong Kong\'s Hang Seng index down 3.5%, Japan\'s Nikkei 225 down 6.5%, and Taiwan\'s TAIEX down 5%. U.S. stock futures similarly fell while crude oil prices rose,MarketWatch reported.\nThe market now appears to be overlooking the attack and is now focused on the upcoming halving.\n“BTC saw high volume and retracement going from 64k to 61k a day before the expected halving event with the \'sell the news\' most likely being priced in at this point, showcased by a negative BTC funding rate,” Semir Gabeljic, director of capital formation at Pythagoras Investments, wrote in an email interview with CoinDesk.\n"All of the recent retracements, including this one, are in line with historical halving drawdowns; the only difference and consideration is the uncertainty of the macro landscape ahead, which will create additional volatility to come," he added.\nThe CoinDesk 20 (CD20), a measure of the performance of the most liquid digital assets, is up 0.47%, trading at 2,137.\nUPDATE (April 19, 2024, 05:20 UTC):Updates headline and story with new information, adds additional details.', 'The Bitcoin halving event is set to occur within the next 24 hours, even as Bitcoin continues trading at a level 15% below its all-time high, which was set more than a month ago.\nBitcoin traded at US$61,900 at 2 a.m. ET, according to CoinGecko.\nThe halving reduces mining rewards from 6.25 to 3.125 Bitcoin per block and is expected to affect the digital currency’s scarcity and market value.\nThe halving, a feature built into Bitcoin’s protocol to occur roughly every four years, is closely watched by the cryptocurrency community for its potential to increase Bitcoin’s value by reducing supply inflow.\nHowever, JP Morgan analysts, including Nikolaos Panigirtzoglou, caution that the market may have preemptively accounted for the halving, with Bitcoin’s recent overbought status.\nThe recent downturn in Bitcoin’s price has been linked to a confluence of factors, such as liquidations in the futures market, geopolitical unrest, and remarks from Federal Reserve Chair Jerome Powell.\nDespite the current market turbulence, some analysts predict a post-halving recovery in mining stocks as investors identify and back the most resilient companies.\nThis year’s halving event will include the launch of Runes, a protocol built on Bitcoin that allows the creation of fungible tokens, using unspent and leftover Bitcoin from transactions, known as UTXO.\nRunes is considered a simplified alternative for fungible tokens on Bitcoin.\nBRC-20 the existing fungible tokens on Bitcoin is often criticized for its complexity.', 'The Bitcoin halving event is set to occur within the next 24 hours, even as Bitcoin continues trading at a level 15% below its all-time high, which was set more than a month ago.\nBitcoin traded at US$61,900 at 2 a.m. ET, according to CoinGecko.\nThe halving reduces mining rewards from 6.25 to 3.125 Bitcoin per block and is expected to affect the digital currency’s scarcity and market value.\nThe halving, a feature built into Bitcoin’s protocol to occur roughly every four years, is closely watched by the cryptocurrency community for 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: 2024-04-19 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,218,627,577,344 - Hash Rate: 648454182.1198951 - Transaction Count: 393190.0 - Unique Addresses: 727141.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.66 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: By Tom Westbrook SINGAPORE, Feb 27 (Reuters) - Asian shares struggled to advance on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe and the U.S. this week. The yen steadied at 150.57 to the dollar and inched off a three-month low on the euro as Japanese inflation stayed at the central bank's 2% year-on-year target, keeping alive expectations it would exit negative rates by April. Tokyo's Nikkei crept 0.4% higher to eke a fresh record high. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, keeping beneath last week's seven-month peak. Wall Street indexes fell overnight and S&P 500 and Nasdaq futures nudged 0.1% lower in morning trade. The Federal Reserve's favoured measure of inflation - the core personal consumption expenditures (PCE) price index - is due on Thursday and forecasts are for a rise of 0.4%. "If as expected, the core m/m reading would be the highest since last February and fit with the patience message from the Fed," said analysts at ANZ Bank. Rate jitters and enormous auctions - $127 billion on Tuesday and another $42 billion on Wednesday - left Treasuries under pressure, though yields steadied in the Asia morning. Ten-year U.S. Treasury yields were last 2 basis points lower at 4.27%. Two-year yields fell four basis points to 4.70%. Markets have already pushed out the likely timing of a first Federal Reserve easing from May to June, which is currently priced at around a 70% probability. Futures imply a little more than three quarter-point cuts this year, compared to five at the start of the month. On the geopolitical front, U.S. President Joe Biden said he hopes to have a ceasefire in the Israel-Hamas conflict in Gaza start by next Monday as the warring parties appeared to close in on a deal. Brent crude futures kept to recent ranges, rising 0.2% or 16 cents to $82.69 a barrel. Figures on inflation in the European Union are also due this week, on Friday, with the core gauge again seen slowing to the lowest since early 2022 at 2.9% and bringing nearer the day when the European Central Bank (ECB) might ease policy. Markets are almost fully priced for a first cut in June, with April seen as a 36% chance. In speeches on Monday, ECB President Christine Lagarde and Bank of Greece Governor Yannis Stournaras again pointed to a reticence to rush in to cuts . Bank of England deputy Dave Ramsden and Riksbank Governor Erik Thedeen appear later on Tuesday while a smattering of mostly second-tier U.S. and European data are due including consumer confidence for Germany, France and the U.S. Currency trade was fairly subdued in early Asian hours, with recent pressure on the Australian and New Zealand dollars extending. The Aussie fell 0.1% to a one-week low of $0.6530, squeezed by a tumble in iron ore prices. The kiwi was down 0.3% and also at a week low as traders trimmed wagers that New Zealand's central bank might even hike interest rates when it meets on Wednesday. "With 9 bp priced, we see modest NZD weakness on the announcement," said NatWest Markets currency strategist Antony George. The euro held steady at $1.0848 and sterling inched down to $1.2676. Bitcoin rose sharply overnight on news that software firm MicroStrategy added to its holdings. It was steady at $54,777. Gold held at $2,032 an ounce. (Reporting by Tom Westbrook Editing by Shri Navaratnam)... - Reddit Posts (Sample): [['u/Purplepunch36', 'Had to sell out, new BTC balance 0.00', 767, '2024-04-19 01:01', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/', 'Feels bad man. My goal was to get to .1 BTC, almost had it at .095 BTC but life sometimes hands you lemons sometimes and you gotta do what you gotta do.\n\nStarted my own business recently and been working my ass off but bills and paying down debt comes at you fast. I at least used it to pay off a credit card so even though my BTC balance is at 0, so is my AMEX.\n\nAnyway, just venting but I hope to be back at it. Just going to bust ass and get things going even harder now. Sad to see, but also a huge motivator in a way. Love this subreddit and all the shitposting, the comments honestly make my day in most situations at least. ', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/', '1c7hfr2', [['u/midastouch900', 106, '2024-04-19 01:12', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l07ws3z/', "I just bought so I may well have it, thank you brother, I'll keep it safe! Look forward to you re-joining when the time is right.", '1c7hfr2'], ['u/Purplepunch36', 17, '2024-04-19 01:16', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l07xhjh/', 'Appreciate it haha', '1c7hfr2'], ['u/lordinov', 10, '2024-04-19 01:21', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l07y4yw/', 'Got 8k in credit card debt at the moment. Better to pay 200 monthly payment half of it interest than to sell 8k btc to clear it but that’s me', '1c7hfr2'], ['u/icanhazglass', 10, '2024-04-19 01:22', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l07yc8r/', "Gotta live you're life.", '1c7hfr2'], ['u/Own-Veterinarian-289', 32, '2024-04-19 01:25', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l07ysk7/', 'Don’t downplay the importance of your own business! Imagine yourself getting more income because of your business and being able to buy more bitcoin in the near future', '1c7hfr2'], ['u/Daisyssssmom', 887, '2024-04-19 01:31', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l07zr31/', 'When your business takes off you’ll be a wholecoiner', '1c7hfr2'], ['u/Purplepunch36', 305, '2024-04-19 01:35', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l080ay2/', 'I needed that, thank you.', '1c7hfr2'], ['u/Purplepunch36', 11, '2024-04-19 01:36', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l080ilg/', 'Oh for sure. I mean I went I to this knowing these isn’t overnight success but still sucks. Bittersweet feeling for sure', '1c7hfr2'], ['u/Purplepunch36', 18, '2024-04-19 01:38', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l080osy/', 'Debt freaks me out and unfortunately not in a position to have anything hurt the good ol credit score right now', '1c7hfr2'], ['u/Salty-Yak-9225', 12, '2024-04-19 01:38', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l080rms/', "I think you should only invest if you have money to throw around. Get your business on track and when you're raking it in, think about investing.", '1c7hfr2'], ['u/JMoops', 44, '2024-04-19 01:51', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l082p3s/', 'Has to do a similar thing a while back. I have a child with Autism and he struggles hard at school so my wife’s hours were cut back drastically. Had to sell all my BTC just so we wouldn’t be kicked out of our home.', '1c7hfr2'], ['u/Inevitable_Art8536', 247, '2024-04-19 01:54', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l08329x/', 'Having 1 BTC doesn’t really matter if you have 60k in credit card debt. \n\nPaying off the debt is the right thing to do', '1c7hfr2'], ['u/XBThodler', 27, '2024-04-19 02:05', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l084muo/', "You've started a new business? Wise up and accept Btc payments right off the bat 😀 soon you'll be reaching your goal", '1c7hfr2'], ['u/Purplepunch36', 40, '2024-04-19 02:11', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l085jmh/', 'I’d say your situation is 10x more important than mine. Good for you man. Good dad.', '1c7hfr2'], ['u/Purplepunch36', 49, '2024-04-19 02:12', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l085nn7/', 'Agree, not about to deal with that interest either. I’ll be back.', '1c7hfr2'], ['u/Complex_Signature821', 12, '2024-04-19 02:12', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l085qck/', 'Thats wat bitcoin is for 🤷\u200d♂️, u sell it when u need or want the money', '1c7hfr2'], ['u/Supercc', 12, '2024-04-19 02:12', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l085ris/', "It's ok brother, success is falling 7 times and getting up 8.\n\n\nKeep at it.", '1c7hfr2'], ['u/Complex_Signature821', 24, '2024-04-19 02:14', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l0860vm/', 'Give people a 5% discount if they pay with bitcoin then theyd rlly be incentivized to use bitcoin', '1c7hfr2'], ['u/joannew99', 12, '2024-04-19 02:31', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l088gf1/', "5% isn't enough to incentivize anyone, not even someone who already knows about BTC. Gonna need 15%+ discount to pique people's interest.", '1c7hfr2'], ['u/Weak-Signature-6285', 73, '2024-04-19 02:43', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l08a6sg/', 'There is nothing wrong with investing in yourself first', '1c7hfr2'], ['u/Inevitable_Art8536', 13, '2024-04-19 02:54', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l08bpkb/', 'This make zero sense.', '1c7hfr2'], ['u/Yung-Split', 15, '2024-04-19 02:56', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l08c06h/', 'I thought about this a few weeks ago and the truth of the matter is, investing in bitcoin *is* investing in yourself. Who was it that had the wits about them to study and learn and invest in Bitcoin? YOU! An investment in bitcoin is a bet on your ability to discern a good investment.', '1c7hfr2'], ['u/Tasty_Action5073', 11, '2024-04-19 03:05', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l08ddl2/', 'My friend. Your Bitcoin saved you. That’s why it’s here.', '1c7hfr2'], ['u/CryptoSpyro', 12, '2024-04-19 03:12', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l08ebw6/', "Doesn't that same logic apply to every investment provided you do your due diligence XD", '1c7hfr2'], ['u/nickoaverdnac', 11, '2024-04-19 03:19', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l08fary/', "All that matters is that you *OWN SOMETHING*.\n\nThat could be bitcoin, it could be a house, it could be a business. But the whole damn point is to have something that grows with inflation. \n\nDon't sweat it, you're doing great!", '1c7hfr2'], ['u/BlackRaider007', 13, '2024-04-19 03:50', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l08jlu7/', 'OP said .1 BTC (0.1)', '1c7hfr2'], ['u/cryptoguerrilla', 14, '2024-04-19 05:01', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l08tddo/', 'Due what?? I bought BTC for the cheap internet weed.', '1c7hfr2'], ['u/Fame8X', 39, '2024-04-19 05:30', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l08x1du/', 'Do not do what I’ve done and let that credit card get used again. You sacrificed something, now put it away and out of your wallet if you don’t desperately need it.', '1c7hfr2'], ['u/RobbAllen15', 17, '2024-04-19 08:43', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l09hywc/', "Bury it in a waterproof locked box under one of your neighbor's daughter's windows because then you know you don't want to go and get it unless you really have to! You don't want your neighborhood thinking you're a pervert. Lol", '1c7hfr2'], ['u/njchil', 14, '2024-04-19 11:18', 'https://www.reddit.com/r/Bitcoin/comments/1c7hfr2/had_to_sell_out_new_btc_balance_000/l09uwvj/', "Let people pay you in BTC for your business! You'll be laughing", '1c7hfr2']]], ['u/loondri', 'I studied 5,000+ Series A and Series B stage companies in the USA to identify the next unicorns', 32, '2024-04-19 01:49', 'https://www.reddit.com/r/ycombinator/comments/1c7iigk/i_studied_5000_series_a_and_series_b_stage/', "I researched over 5000 Series A and Series B stage companies in the USA to identify the next unicorns.\n\nI identified 10 companies that I feel could become unicorns very soon based on several factors including growth rates, hiring trends, and leadership. I then ranked them on a few metrics and presented the data to you below.\n\nI used Crustdata's database for this research.\n\n# Top 10 Fastest Growing Soonicorn Companies in the USA\n\n1. LangChain is a language model application development library that develops a language model framework to power applications.\n\n2. Vilya is a biotechnology company developing a novel class of drugs that precisely target the biology of disease.\n\n3. Duckbill is an execution engine for daily tasks that functions as a personal assistant copilot using AI-powered technology.\n\n4. Gutsy is a data-driven security governance platform that applies process mining to secure enterprises.\... 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 Elizabeth Howcroft\nLONDON, April 19 (Reuters) -\nBitcoin, the world\'s largest cryptocurrency, on Friday completed its "halving," a phenomenon that happens roughly every four years, according to according to CoinGecko, a cryptocurrency data and analysis company.\nBitcoin was fairly stable immediately afterward, falling 0.47% to $63,747.\nBitcoin enthusiasts had eagerly waited for the "halving" - a change to the cryptocurrency\'s underlying technology designed to cut the rate at which new bitcoins are created.\nThe halving was written into bitcoin\'s code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are created.\nChris Gannatti, global head of research at asset manager WisdomTree, which markets bitcoin exchange-traded funds, called the halving "one of the biggest events in crypto this year".\nFor some crypto fans, the halving will underscore bitcoin\'s value as an increasingly scarce commodity. Nakamoto capped bitcoin supply at 21 million tokens. But sceptics see it as little more than a technical change talked up by speculators to inflate the virtual currency\'s price.\nThe operation works by halving the rewards cryptocurrency miners receive for creating new tokens, making it more expensive for them to put new bitcoins into circulation.\nIt follows a surge in bitcoin\'s price to an all-time high of $73,803.25 in March, having spent much of 2023 slowly recovering from 2022\'s dramatic plunge. On Thursday the world\'s biggest cryptocurrency was trading at $63,800.\nBitcoin and other cryptocurrencies have been supported by excitement around the U.S. Securities and Exchange Commission\'s decision in January to approve spot bitcoin exchange-traded funds, as well as expectations that central banks will cut interest rates.\nPrevious halvings occurred in 2012, 2016 and 2020. Some crypto fans point to price rallies that followed them as a sign that bitcoin\'s next halving will boost its price, but many analysts are sceptical.\n"We do not expect bitcoin price increases post halving as it has been already priced in," JP Morgan analysts wrote this week.\nThey expect bitcoin\'s price to fall after the halving, because it is "overbought" and venture capital funding for the crypto industry has been "subdued" this year.\nFinancial regulators have long warned that bitcoin is a high-risk asset, with limited real-world uses, although more have begun to approve bitcoin-linked trading products.\nAndrew O\'Neill, a crypto analyst at S&P Global, said he was "somewhat sceptical of the lessons that can be taken in terms of price prediction from previous halvings."\n"It\'s only one factor in a multitude of factors that can drive price," he said.\nBitcoin has struggled for direction since March\'s record high and fallen in the last two weeks as geopolitical tensions and expectations that central banks will keep rates higher for longer unnerved global markets.\n(Reporting by Elizabeth Howcroft, Kanjyik Ghosh and Urvi Dugar; Editing by Tommy Reggiori Wilkes, Toby Chopra and Cynthia Osterman)', 'By Elizabeth Howcroft\nLONDON, April 19 (Reuters) -\nBitcoin, the world\'s largest cryptocurrency, on Friday completed its "halving," a phenomenon that happens roughly every four years, according to according to CoinGecko, a cryptocurrency data and analysis company.\nBitcoin was fairly stable immediately afterward, falling 0.47% to $63,747.\nBitcoin enthusiasts had eagerly waited for the "halving" - a change to the cryptocurrency\'s underlying technology designed to cut the rate at which new bitcoins are created.\nThe halving was written into bitcoin\'s code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are created.\nChris Gannatti, global head of research at asset manager WisdomTree, which markets bitcoin exchange-traded funds, called the halving "one of the biggest events in crypto this year".\nFor some crypto fans, the halving will underscore bitcoin\'s value as an increasingly scarce commodity. Nakamoto capped bitcoin supply at 21 million tokens. But sceptics see it as little more than a technical change talked up by speculators to inflate the virtual currency\'s price.\nThe operation works by halving the rewards cryptocurrency miners receive for creating new tokens, making it more expensive for them to put new bitcoins into circulation.\nIt follows a surge in bitcoin\'s price to an all-time high of $73,803.25 in March, having spent much of 2023 slowly recovering from 2022\'s dramatic plunge. On Thursday the world\'s biggest cryptocurrency was trading at $63,800.\nBitcoin and other cryptocurrencies have been supported by excitement around the U.S. Securities and Exchange Commission\'s decision in January to approve spot bitcoin exchange-traded funds, as well as expectations that central banks will cut interest rates.\nPrevious halvings occurred in 2012, 2016 and 2020. Some crypto fans point to price rallies that followed them as a sign that bitcoin\'s next halving will boost its price, but many analysts are sceptical.\n"We do not expect bitcoin price increases post halving as it has been already priced in," JP Morgan analysts wrote this week.\nThey expect bitcoin\'s price to fall after the halving, because it is "overbought" and venture capital funding for the crypto industry has been "subdued" this year.\nFinancial regulators have long warned that bitcoin is a high-risk asset, with limited real-world uses, although more have begun to approve bitcoin-linked trading products.\nAndrew O\'Neill, a crypto analyst at S&P Global, said he was "somewhat sceptical of the lessons that can be taken in terms of price prediction from previous halvings."\n"It\'s only one factor in a multitude of factors that can drive price," he said.\nBitcoin has struggled for direction since March\'s record high and fallen in the last two weeks as geopolitical tensions and expectations that central banks will keep rates higher for longer unnerved global markets.\n(Reporting by Elizabeth Howcroft, Kanjyik Ghosh and Urvi Dugar; Editing by Tommy Reggiori Wilkes, Toby Chopra and Cynthia Osterman)', 'By Elizabeth Howcroft\nLONDON (Reuters) -Bitcoin, the world\'s largest cryptocurrency, on Friday completed its "halving," a phenomenon that happens roughly every four years, according to according to CoinGecko, a cryptocurrency data and analysis company.\nBitcoin was fairly stable immediately afterward, falling 0.47% to $63,747.\nBitcoin enthusiasts had eagerly waited for the "halving"- a change to the cryptocurrency\'s underlying technology designed to cut the rate at which new bitcoins are created.\nThe halving was written into bitcoin\'s code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are created.\nChris Gannatti, global head of research at asset manager WisdomTree, which markets bitcoin exchange-traded funds, called the halving "one of the biggest events in crypto this year".\nFor some crypto fans, the halving will underscore bitcoin\'s value as an increasingly scarce commodity. Nakamoto capped bitcoin supply at 21 million tokens. But sceptics see it as little more than a technical change talked up by speculators to inflate the virtual currency\'s price.\nThe operation works by halving the rewards cryptocurrency miners receive for creating new tokens, making it more expensive for them to put new bitcoins into circulation.\nIt follows a surge in bitcoin\'s price to an all-time high of $73,803.25 in March, having spent much of 2023 slowly recovering from 2022\'s dramatic plunge. On Thursday the world\'s biggest cryptocurrency was trading at $63,800.\nBitcoin and other cryptocurrencies have been supported by excitement around the U.S. Securities and Exchange Commission\'s decision in January to approve spot bitcoin exchange-traded funds, as well as expectations that central banks will cut interest rates.\nPrevious halvings occurred in 2012, 2016 and 2020. Some crypto fans point to price rallies that followed them as a sign that bitcoin\'s next halving will boost its price, but many analysts are sceptical.\n"We do not expect bitcoin price increases post halving as it has been already priced in," JP Morgan analysts wrote this week.\nThey expect bitcoin\'s price to fall after the halving, because it is "overbought" and venture capital funding for the crypto industry has been "subdued" this year.\nFinancial regulators have long warned that bitcoin is a high-risk asset, with limited real-world uses, although more have begun to approve bitcoin-linked trading products.\nAndrew O\'Neill, a crypto analyst at S&P Global, said he was "somewhat sceptical of the lessons that can be taken in terms of price prediction from previous halvings."\n"It\'s only one factor in a multitude of factors that can drive price," he said.\nBitcoin has struggled for direction since March\'s record high and fallen in the last two weeks as geopolitical tensions and expectations that central banks will keep rates higher for longer unnerved global markets.\n(Reporting by Elizabeth Howcroft, Kanjyik Ghosh and Urvi Dugar;Editing by Tommy Reggiori Wilkes, Toby Chopra and Cynthia Osterman)', 'By Elizabeth Howcroft\nLONDON (Reuters) -Bitcoin, the world\'s largest cryptocurrency, on Friday completed its "halving," a phenomenon that happens roughly every four years, according to according to CoinGecko, a cryptocurrency data and analysis company.\nBitcoin was fairly stable immediately afterward, falling 0.47% to $63,747.\nBitcoin enthusiasts had eagerly waited for the "halving"- a change to the cryptocurrency\'s underlying technology designed to cut the rate at which new bitcoins are created.\nThe halving was written into bitcoin\'s code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are created.\nChris Gannatti, global head of research at asset manager WisdomTree, which markets bitcoin **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: 2024-04-20 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,274,022,483,569 - Hash Rate: 558271812.4211017 - Transaction Count: 631001.0 - Unique Addresses: 455683.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.66 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: On March 13,Bitcoin(CRYPTO: BTC)soared to a new all-time high of about $73,500. After a brutalcrypto winterin 2022 that saw its price plummet more than 65%, the resurgence was a sight for sore eyes for those who weathered the storm from the previous all-time high back down to $16,000. But this new high is more than a morale boost. It's actually the first time Bitcoin has ever notched an all-time high before a halving. And based on a handful of other factors, it might just be a sign of what's to come. Hardwired into the cryptocurrency's code is an event known as the halving. Occurring after every 210,000 blocks are added to its blockchain (or roughly every four years), the halving underpins the cryptocurrency's robust monetary policy. With each halving that passes, the rate of Bitcoin's supply growth is cut in half. This process will continue until the lastBitcoinis mined in 2140. The effects of the halving aren't all that difficult to see. A cut to the rate of supply makes it so that even if demand remains constant, prices must increase. But the impact of the halving historically reaches its full extentafterit occurs. In fact, Bitcoin has never hit a new high before a halving -- until this year. That's what makes its recent run-up to $73,000 an anomaly. It isn't uncommon for Bitcoin to increase in the year that it undergoes a halving. During those years, the price jumps about 125% as the market anticipates the cut to its supply. But on its current trajectory, it is on pace to surpass the average and return more than 200% this year and it goes to show how this halving cycle is shaping up to be different than past ones. There are likely several explanations for why Bitcoin is ahead of schedule. However, the most apparent and influential likely boils down to the simple phenomenon of supply and demand. As it stands, available supply is at levels not seen since 2018. With just 2.2 million coins on cryptocurrency exchanges, this will be the first halving where there are less bitcoins available than the previous halving. The diminishing supply can likely be attributed to a near-record number of holders who refuse to part with their precious coins. Before its last leg up, long-term holders had an astounding 75% of the total supply. With notoriously stubborn holders creating a historic shortage, the arrival of spot Bitcoin exchange-traded funds (ETFs) in January exacerbated the problem. To meet voracious demand from investors, the firms providing the ETFs embarked on an accumulation of historic proportions. While demand has cooled slightly in the past few weeks, at one point the 11 spot Bitcoin ETFs were buying at 14 times the rate of the crypto's daily production (roughly 900 coins). Add it all up and we have the perfect formula for the price to rise. As impressive as this year is shaping up to be, history tells us that the best stretches occur in post-halving years. In the year after a halving, the price rose by more than 400% on average as the market was forced to compete for fewer bitcoins entering circulation. Even though past performance doesn't indicate future results, the current landscape indicates that 2025 should follow a similar path to previous post-halving years. With Bitcoin's new home on Wall Street, deep-pocketed institutions now have access to the cryptocurrency, a factor not present in past halvings. With supply already at historical lows, another halving that will push its supply growth rate below 1% holds the potential to send the crypto to prices not yet seen. There is no easy way to quantify just how high it could go during this halving cycle, but it is likely 2025 will follow a similar path as previous post-halving years and could possibly be even more explosive. As Bitcoin's price hovers around $71,000 today, there is still an incredible amount of upside for the world's most valuable cryptocurrency. With trends in adoption growing and the arrival of some of Wall Street's biggest names, it appears that the best days are still ahead. See you after the halving. Before you buy stock in Bitcoin, consider this: TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of April 8, 2024 RJ Fultonhas positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has adisclosure policy. Bitcoin Just Did Something It Has Never Done Before. Could It Be a Sign of Things to Come?was originally published by The Motley Fool... - Reddit Posts (Sample): [['u/Key-Leg5077', 'Should I purchase a condo to live in $400k? or keep renting $1200? 31M', 73, '2024-04-20 00:01', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/', 'Hi all, \n\nI work as an apprentice plumber. Made $85k last year with overtime. Got a raise this year and my base wage for 40 x 52 is $85k, might make $100k with overtime. My income is around $1k - $1.2k a week after taxes and deductions. \n\nOnce I get my license in a couple years I would make more with my additional raises. \n\nCurrently deduct 5% of my pay to get the max employer match. \n\nI get $1500 in benefits per year which I use mostly for dental. $200 for work boots, $200 for work pants. $40/month for cell phone (my plan is $37/month)\n\nHave a beat up car that has been reliable for me. Pay $130 for insurance and use a quarter tank of gas a week. Costs $100 to fill up.\n\nRight now I am living very comfortably paying $1200 for rent in a basement apartment.\n\nI invest $125 a week into XEQT in my TFSA and I put my RRSP contributions into XEQT also. \n\nCheapest condos in my area are $400k. I am not looking for a huge place, just want to be close to work, and maybe later on Ill move up to northern Ontario and buy a house.\n\n$111k in my TFSA (XEQT)\n\n$16.2k FHSA (Cash.TO)\n\n$20k Cash (5% interest)\n\n$16k RRSP (XEQT)\n\nAll together I have around $150k in liquid assets and I have alternate investments like Bitcoin and I have some Pokémon collectibles worth some money. \n\nI used a calculator and If I bought a Condo for $400k and had a 20% down payment of $80k with a mortgage rate of 5% I would pay $1706/month on the mortgage. \n\nI can see condo fees being $300/month/\n\nBasically $2k for housing monthly costs. \n\nWorth? \n\n\n\n', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/', '1c89av6', [['u/_Echoes_', 17, '2024-04-20 00:15', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0d4be3/', 'Mans looking for a lead on a condo to swoop in on XD', '1c89av6'], ['u/outforthedayhiking', 193, '2024-04-20 00:20', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0d51ye/', 'You need to add property taxes and home insurance.', '1c89av6'], ['u/KS_tox', 56, '2024-04-20 01:15', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0ddbeb/', "Condo fee is only 300? It means most likely it doesn't cover all utilities so add 200-250 more plus 100-200 taxes. So in total 1700+300+250+200 =~2450.\n\nYou are clearly better off renting at the moment. Keep making more money on every opportunity, keep jacking up the down payment..when you reach a point where buying is within +5-10% range..go ahead and buy", '1c89av6'], ['u/Lumpy_Bravura', 35, '2024-04-20 01:23', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0dedkq/', 'If you have cheap rent and a high income, take advantage to save and invest as much as you can. You can pay cash for a condo later. If your rent was closer to condo carrying cost, then I would consider buying. I had extremely cheap rent for 17 years and a six figure salary. When my landlord sold and I was forced to move. I paid cash for a small house, renovated it to new standards, rented out the basement and retired.', '1c89av6'], ['u/pumpkinsoupe', 17, '2024-04-20 01:32', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0dflzo/', "Weathsimple's TLDR had a guide on this a few weeks ago: [https://tldr-archive.wealthsimple.com/archive/33-🏠-lets-play-rent-or-buy](https://tldr-archive.wealthsimple.com/archive/33-🏠-lets-play-rent-or-buy)\n\nPurchasing requires you to consider a lot of things besides the price though. I am dying to know what Pokemon card assets you have that they're wroth mentioning along with Bitcoin and other liquid assets.", '1c89av6'], ['u/Lightning_Catcher258', 10, '2024-04-20 01:37', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0dgafw/', "I'd keep renting. Condos are such a poor investment in my opinion. You basically own a home without the benefits of it. I've done it myself. Not worth it.", '1c89av6'], ['u/foo-bar-nlogn-100', 40, '2024-04-20 01:38', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0dgjjw/', "Renting. You have a good life and are saving lots. Why would you want to buy a condo and pay more for less quality of life.\n\nIf your rent wss like 2K, then a condo would make sense but at 1200, ur life is good. Something breaks, call the landlord.\n\nAlso, collect 4.5% in a HISA, and you're making almost 4K in risk free return off rhat 80K downpayment.\n\n\nYou can move at anytime.", '1c89av6'], ['u/Key-Leg5077', 11, '2024-04-20 01:49', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0dhz5h/', 'True. Thanks. My plan is to put the $40k into my FHSA and then get all the tax returns and put it into the down payment, hopefully I wont need to touch my TFSA.', '1c89av6'], ['u/Raincouver8888', 31, '2024-04-20 02:02', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0djres/', 'Not everyone that buy a condo bought it for investment.', '1c89av6'], ['u/jeffbertrand', 14, '2024-04-20 02:10', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0dkwis/', 'People say owning a house is a better investment than a condo but a house is exponentially more expensive than a condo. Also condos can typically be purchased in more desirable neighborhoods depending on your budget vs a house in the same neighborhood.', '1c89av6'], ['u/Key-Leg5077', 24, '2024-04-20 02:55', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0dr8t3/', 'A loser making money, so therefore a winner.', '1c89av6'], ['u/corysgraham', 14, '2024-04-20 03:15', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0du5pm/', '"The 5% Rule" by Ben Felix. Have a watch on YouTube. \n\nto:dr For a 500k purchase price, if you rent for less than $2000/mo you are better off financially renting.', '1c89av6'], ['u/JustAPairOfMittens', 11, '2024-04-20 04:14', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0e26k9/', 'Enjoy both of those going up big time.\n\nMine were $120 and $3,300 2 years ago in NB. \n\nThey are now $179 and $4860. \n\nWelcome to re-zoning. Extra benefit of being in a new "county" with twice the potholes!!', '1c89av6'], ['u/calissetabernac', 40, '2024-04-20 04:42', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0e5um5/', 'And closing costs, land transfer tax. What else? Anyone? 😁', '1c89av6'], ['u/irate_wizard', 12, '2024-04-20 06:20', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0ehp4i/', 'Risks of special assessment.', '1c89av6'], ['u/fuzzy_bud13', 20, '2024-04-20 06:49', 'https://www.reddit.com/r/PersonalFinanceCanada/comments/1c89av6/should_i_purchase_a_condo_to_live_in_400k_or_keep/l0ektpm/', 'Utilities!', '1c89av6']]], ['u/ddoonnaalldd', 'Happy Halving to those who celebrate 🎉 ', 24, '2024-04-20 00:11', 'https://www.reddit.com/r/BEFire/comments/1c89j03/happy_halving_to_those_who_celebrate/', 'Bitcoin will go through Its fourth Halving tonight.', 'https://www.reddit.com/r/BEFire/comments/1c89j03/happy_halving_to_those_who_celebrate/', '1c89j03', [['u/Numerous_Walk_7613', 19, '2024-04-20 02:30', 'https://www.reddit.com/r/BEFire/comments/1c89j03/happy_halving_to_those_who_celebrate/l0dnqpr/', 'And that on 4/20. What a day', '1c89j03']]], ['u/Rattlesnake_Mullet', "Happy halving, brothers and sisters. It was a pleasure to hodl with you through this reward era. Here's to the next one.", 1072, '2024-04-20 00:58', 'https://www.reddit.com/r/Bitcoin/comments/1c8alvt/happy_halving_brothers_and_sisters_it_was_a/', "I said it [four years ago](https://old.reddit.com/r/Bitcoin/comments/ghukdf/happy_block_nr_630000_brothers_and_sisters_it_was/) and I plan to say it in four years: \n\nIt was a pleasure to hodl with you through this reward era. Here's to the next one.\n\nThis is a historic time to reminisce and to reflect.\n\nA shit load has happened in the past four years, in life, in Bitcoin, in the world. Good and bad, everything.\n\nFTX, shitcoin casinos tanking left and right, El Salvador, Saylor, Covid lockdowns, brutal bear market, then the bull with a new ath before the halving (first in Bitcoin's history), ETF approval and on and on.\n\nHoly shit, what a ride it's been.\n\nCheers to each and every hodler out there in the world.\n\nWe'll meet again in 2028!", 'https://www.reddit.com/r/Bitcoin/comments/1c8alvt/happy_halving_brothers_and_sisters_it_was_a/', '1c8alvt', [['u/noctisnah', 10, '2024-04-20 01:05', 'https://www.reddit.com/r/Bitcoin/comments/1c8alvt/happy_halving_brothers_and_sisters_it_was_a/l0dbvme/', 'God bless', '1c8alvt'], ['u/heinrichpelser', 24, '2024-04-20 01:09', 'https://www.reddit.com/r/Bitcoin/comments/1c8alvt/happy_halving_brothers_and_sisters_it_was_a/l0dce67/', 'ETF approval - Check \nBitcoin halving - Check\nWhat’s next? Pump and dump summer', '1c8alvt'], ['u/Honest_Path_5356', 186, '2024-04-20 01:51', 'https://www.reddit.com/r/Bitcoin/comments/1c8alvt/happy_halving_brothers_and_sisters_it_was_a/l0di87k/', 'Pizza party everyon... 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:** ['Ever since it went public almost exactly three years ago,Coinbase Global(NASDAQ: COIN)has been one of the most talked about, most analyzed, and most polarizing crypto stocks. On the one hand, its price is up 209% over the past 12 months, and more than 300% over the past 24 months. On the other, naysayers assert that the stock is overvalued.\nFair enough. By some metrics,Coinbasedoes appear to be richly valued at this point. But there are two under-the-radar reasons why you should still be thinking about buying Coinbase stock like there\'s no tomorrow.\nThe big game-changer for Coinbase is that it finally seems to be figuring out how to make money in all market conditions. That will help to address a major complaint with Coinbase -- that it\'s too dependent on the vagaries of the crypto market. When crypto prices are rising, Coinbase will profit from trading fees. But what happens when the market goes south, as it did in 2022? Retail investors disappear, transaction revenue dries up, and Coinbase faces a lot of difficult questions from Wall Street analysts.\nSo that\'s why it\'s worth taking a closer look at Coinbase\'s non-transaction revenue, which comes from four "subscription and services" items: stablecoin revenue, custodial fees, blockchain rewards, and interest income. Its revenues from these sources continue to expand, and are starting to account for a bigger slice of the top line. For example, subscription and services revenue was up 78% in 2023. When Coinbase last reported quarterly earnings in February, this figure was up 12% from the previous quarter. These new revenue sources are helping to smooth out the impact of the crypto market\'s ebbs and flows on its results.\nIn 2024, the primary non-transaction revenue item I\'m keeping my eye on is custodial fees. As of January, Coinbase was the custodian for eight of the 11 new spotBitcoin(CRYPTO: BTC)ETFs. That\'s a big deal since these ETFs now have more than $30 billion in assets under management. Coinbase is essentially making money by looking after Wall Street\'s Bitcoin. As long as investors keep putting funds into these Bitcoin ETFs, Coinbase will continue to make money from custodial fees.\nThe second big game-changer for Coinbase is something called Base, which is a blockchain that the company launched in August. At the time, Coinbase got a lot of attention for being the first publicly traded company with its own blockchain, but nobody really knew what that would mean in terms of growth.\nWell, nearly nine months later, we\'re starting to get an idea of what Base is all about, and quite frankly, I\'m blown away. Base has already become a mini-innovation engine inside Coinbase that few people really know about or understand.\nFor institutional investors, Base has become a platform for testing out new concepts related todecentralized finance(DeFi). For retail investors, Base has become a go-to destination for trading meme coins. There have been so many new projects launched on Base that some have even compared it to an "earlySolana."\nI\'m particularly impressed by the amount of trading activity taking place on Base. Normally, we think of Coinbase as a centralized cryptocurrency exchange where investors trade in approximately 250 different cryptos. So you would expect the trading on its main platform to dwarf anything happening on Base.\nThat doesn\'t appear to be the case. As of March, decentralized crypto exchanges on Base are now seeing 24-hour trading volumes of more than $1 billion per day. That is almost exactly the same amount of 24-hour trading volume that Coinbase sees on its main platform for Bitcoin.\n"OK, OK," you\'re probably thinking. "Sounds great, but given all that, why is Cathie Wood of Ark Invest dumping Coinbase stock?" In a single week in March, for example, Ark Invest sold more than $150 million worth of Coinbase. The easy narrative here would be that she\'s simply given up on the stock.\nBut I think a big reason for those sales involves portfolio rebalancing. The valuation of Coinbase has increased so quickly that Ark Invest now needs to pare back its positions. Ark Invest says that no position in any of its ETFs will exceed 10% of the fund\'s total portfolio value, and keeping its Coinbase positions below that threshold\xa0 has required it to sell shares. So I\'m not particularly concerned that we keep hearing about Wood and Ark Invest selling Coinbase.\nAs a long-term investment, Coinbase continues to make sense. And with this month\'s Bitcoin halving, the price of all cryptos should continue to go up across the board. That\'s obviously good news for Coinbase\'s core business. Now that the company also has these two other under-the-radar factors working in its favor, these could be the secret to outperforming the market for years to come.\nBefore you buy stock in Coinbase Global, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Coinbase Global wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $466,882!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of April 15, 2024\nDominic Basultohas positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, and Solana. The Motley Fool has adisclosure policy.\n2 Completely Under-the-Radar Reasons to Buy Coinbase Stock Like There\'s No Tomorrowwas originally published by The Motley Fool', 'There\'s been a recent surge in investor interest in projects that are operating at the convergence of the artificial intelligence (AI) and cryptocurrency spaces. In 2024, as excitement about AI reached new heights, numerous cryptocurrencies that branded themselves as AI-related solutions have experienced significant gains.\nWhile the intersection of these technologies presents intriguing possibilities, the recent spike in interest may have inflated the values of many AI-branded cryptocurrencies. In typical crypto-market fashion, amid the noise, only a handful of these projects are likely to stand the test of time and hold their value.\nIn my view,Render(CRYPTO: RNDR)andBittensor(CRYPTO: TAO) hold true potential for long-term growth and offer genuine utility beyond the hype.\nRender is ablockchainnetwork that aims to democratize access to the resources needed for content rendering, particularly video cards (GPUs). Founded in 2017, Render emerged from the ambitious idea of utilizing blockchain technology to revolutionize graphics rendering.\nRendering -- the process of creating highly realistic images from 3D models -- requires significant time and hardware, especially to meet the high visual standards that viewers have for today\'s cinema, video games, and other virtual creations. Render\'s blockchain connects users requiring GPU computing power with those possessing it, enabling creators to produce high-quality 3D content without the need to purchase expensive hardware.\nRender\'s dynamic pricing system evaluates each GPU workload for rendering and efficiently distributes project tasks among available GPUs on its network. A sophisticated algorithm optimizes resource allocation, with the selected GPUs rendering the design and producing the required output. Content creators compensate GPU providers using RNDR tokens, based on the rendering task\'s complexity and resource usage.\nBeyond its technological potential, Render has a sound token model that should bolster its value. Following a burn-and-mint system, users pay for rendering tasks with dollars and then an equivalent amount of tokens are burned. The total supply that can be created is capped at 536,870,912 tokens, and roughly 70% of those are currently in circulation. It had minimal private sales in its early years, with the vast majority of the token supply in the hands of the public, a true rarity these days.\nWhile Render initially aimed to revolutionize graphic rendering, its innovative design offers vast potential for various AI applications as well as in the metaverse. For creators looking to leverage generative AI to create video, animations, and photos, Render\'s distributed network could prove to be invaluable. In addition, as the spatial web -- aka, the metaverse -- continues to evolve, there will be increasing demand for GPU resources to produce high-quality 3D renderings and photorealistic holograms.\nBittensor represents a decentralized network of artificial intelligence models. Its miners form the backbone of the network, providing users with access to a diverse range of models to tackle various AI tasks.\nTo grasp Bittensor\'s capabilities, let\'s contrast it with ChatGPT. While renowned for its human-like responses and widespread adoption, ChatGPT isn\'t without limitations: One could describe it as being akin to a single student in a classroom who has broad knowledge, but lacks depth in nuanced subjects. Bittensor, on the other hand, offers access to a multitude of AI models, each specialized in distinct tasks, effectively giving users access to an entire "university" compared to just one "student."\nMoreover, Bittensor fosters a collaborative environment in which models can learn from one another, breaking down the silos that confine traditional AI models like ChatGPT. This approach not only mitigates censorship resistance, but also promotes greater capabilities in those models. In essence, Bittensor aims to be the AI equivalent ofBitcoin(CRYPTO: BTC), with miners rewarded for providing access to AI models, and users benefiting from decentralized, trustworth **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: 2024-04-21 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,276,015,980,888 - Hash Rate: 601215797.9919556 - Transaction Count: 641668.0 - Unique Addresses: 484762.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: New York City, NY, April 07, 2024 (GLOBE NEWSWIRE) -- Bitcoin (BTC) and Ethereum (ETH) find themselves locked in a struggle to regain their footing amidst market uncertainties, while an emerging player,Furrever Token (FURR), steals the spotlight with its remarkable presale success. Despite Bitcoin and Ethereum's challenges, characterized by fluctuating prices and ongoing recovery efforts, Furrever Token's rapid ascent, amassing over $660,000 within a month, underscores the shifting dynamics in the crypto landscape. As investors navigate through these contrasting trajectories, the rise of Furrever Token signals a potential paradigm shift, offering a compelling narrative of innovation and opportunity in the ever-evolving digital asset space. Bitcoin Struggles for Recovery Amidst Market Challenges Bitcoin (BTC), the pioneering cryptocurrency, continues to grapple with recovery efforts amidst a challenging market landscape. With the current price hovering around $66,670, representing a modest 1% increase from yesterday's levels, BTC finds itself trapped in a struggle to regain momentum. Following its meteoric rise to record highs exceeding $73,000 in March, Bitcoin has encountered a period of consolidation within a narrow trading range. This downtrend aligns with broader market weaknesses observed in the U.S. stock market and other risk-driven assets at the onset of the second quarter. The waning capital inflows into recently approved Bitcoin exchange-traded funds (ETFs) further underscore a subdued sentiment prevailing in the crypto space. While ETF approvals served as a catalyst for Bitcoin's earlier bullish trajectory, diminishing enthusiasm suggests a loss of momentum in this trend. Market attention now pivots towards the impending release of nonfarm payroll data, slated for later in the week, which is poised to influence U.S. interest rate expectations. A scenario of sustained or elevated interest rates could potentially dampen Bitcoin's prospects, given its historical preference for low-rate, high-liquidity environments. As Bitcoin navigates these headwinds, its ability to reclaim upward momentum remains contingent on prevailing market dynamics and macroeconomic factors. Ethereum Struggles to Break $3,440 Resistance In the cryptocurrency markets, Ethereum (ETH) faces turbulent conditions as it struggles to surpass the $3,440 resistance level. Currently trading around $3,272, ETH encounters challenges in breaching this crucial threshold. However, recent trends indicate a potential for further downside if Ethereum continues to trade at lower levels, particularly if it breaks below the $3,250 support level. Ethereum finds itself locked in a battle to ascend above the $3,370 and $3,440 levels, yet it trades below the $3,380 level and the 100-hour Simple Moving Average. A closer examination of the ETH/USD pair's hourly chart reveals a significant break below the crucial uptrend line below the $3,300 support. Consequently, the possibility of increased losses should not be overlooked if there's a closure below the $3,250 support region. While Ethereum recently witnessed a recovery wave above the $3,300 and $3,320 levels akin to Bitcoin, attempts to breach the $3,400 level have been met with resistance from bears near the $3,440 region. Although a new high formed around $3,443, a significant break below the major uptrend line below the $3,300 support was observed on the hourly chart. This development tempered gains, prompting a retest of the $3,250 support, with prices dipping to $3,253 before consolidating current losses. As Ethereum navigates these price fluctuations, its ability to sustain upward momentum hinges on overcoming key resistance levels and maintaining crucial support zones. Unveiling Furrever Token (FURR): How It Attracts Investors with Over $660,000 Raised and Up to 15X Returns! Furrever Token (FURR)continues to captivate investors' attention and has emerged as a compelling investment opportunity in the volatile cryptocurrency market. Despite the market's fluctuations, FURR has demonstrated remarkable resilience, attracting significant interest and amassing over $660,000 in funds within just a month. The project's allure lies in its innovative approach to combining cryptocurrency with elements of cuteness and community engagement, setting it apart from traditional blockchain ventures. At the heart of Furrever Token's appeal is its unique vision to revolutionize the crypto space by infusing it with an irresistible dose of charm and whimsy. Unlike many serious blockchain projects, FURR embraces a lighthearted approach, leveraging the universal appeal of adorable cat imagery to create a delightful user experience. By integrating cute cat-themed stickers, emojis, and visuals into its ecosystem, FURR fosters a sense of camaraderie and shared joy among its community members. Moreover, Furrever Token offers more than just a novel aesthetic experience; it presents tangible opportunities for investors to reap significant returns on their investments. With up to 15X returns on offer and over $660,000 raised in a month, FURR's presale success underscores the growing confidence and interest among investors. The tokenomics of FURR, including its allocation structure and potential for exponential growth, further contribute to its attractiveness as an investment asset. Additionally, Furrever Token boasts a vibrant and active community characterized by enthusiastic participation and robust engagement. The project's commitment to fostering a warm and friendly atmosphere has cultivated a loyal following, driving interest and excitement surrounding FURR's development and future prospects. As for its current price, FURR is trading at $0.00048, reflecting its growing popularity and investor confidence in its long-term viability. With its vibrant community, promising returns, and unique approach to cryptocurrency, Furrever Token stands out as a promising player in the ever-evolving crypto landscape.Don’t Wait! Discover the Most Exclusive Presale Opportunity of 2024!Furrever Token Official Website|Visit Furrever Token PresaleJoin Official Telegram Group|Follow Official X Account Media Contact:Robert Smithhttps://furrevertoken.com/[email protected] CONTACT: Robert Smith Furrever Token support at furrevertoken.com... - Reddit Posts (Sample): [['u/JJonesProd', "Why couldn't Shib beat Doge?", 16, '2024-04-21 01:48', 'https://www.reddit.com/r/shib/comments/1c942ud/why_couldnt_shib_beat_doge/', "Serious question because I am new to Crypto but it took 8 years for Doge to break 0.01 and that was before Crypto was a thing or worth anything. Now there are over seas companies and governments taking bitcoin over the US dollar. Crypto coin has been halved, instead of 6 and change it is now 3 and change. It is also harder to mine so I could see bitcoin miners moving thier money to Shib and Doge as a way to make profits. Shib is something that the normal person can get into compared to bitcoin. Doge is now 0.16 per share and can still go up but there are tons of people buying Shib. It is all over the news and social media sites. There are more eyes on Shib now then there was on Doge when it was where Shib is now. With the company burning tokens and other millionaires burning tokens I just don't see how Shib wouldn't sky rocket. I wish I had more money to put into it but I still put in what I can. I just don't see with everything that Shib wouldn't beat out Doge hitting the 0.01 before they did. Thoughts??? Or am I not even close?", 'https://www.reddit.com/r/shib/comments/1c942ud/why_couldnt_shib_beat_doge/', '1c942ud', [['u/GetBent1990', 17, '2024-04-21 01:56', 'https://www.reddit.com/r/shib/comments/1c942ud/why_couldnt_shib_beat_doge/l0iy92t/', '142 billion DOGE - 582,861,833,239,519 SHIB ;;; there is your answer.', '1c942ud'], ['u/SilentOcelot4146', 14, '2024-04-21 02:20', 'https://www.reddit.com/r/shib/comments/1c942ud/why_couldnt_shib_beat_doge/l0j1rcf/', 'The price per token/coin/share is a small part of it, you need to look at the market cap. For example, Autozone is 3k a share, Apple is 160 a share. Apple as a company is worth nearly 50x as much.', '1c942ud'], ['u/Mj_6o4', 14, '2024-04-21 05:06', 'https://www.reddit.com/r/shib/comments/1c942ud/why_couldnt_shib_beat_doge/l0joha0/', 'Shib is in a different category than doge though...\n\nDoge like many other moonshot shit coins has nothing going for it.\n\nShib has a lot of stuff already made and a road map for the future..\n\nIt has a network (shibarium)\nIt has a dex (shibaswap)\nA dao (doggy dao)\nA game (shiba eternity)\nAn nft collection (the shiboshis)\nA metaverse project in development\n\nAnd I think more unique addresses hold shiba inu than any other coin on the ethereum network.', '1c942ud']]], ['u/JJonesProd', "Could Shib beat Doge's 8 years to hit 0.01?", 27, '2024-04-21 01:49', 'https://www.reddit.com/r/Shibainucoin/comments/1c943l4/could_shib_beat_doges_8_years_to_hit_001/', "Serious question because I am new to Crypto but it took 8 years for Doge to break 0.01 and that was before Crypto was a thing or worth anything. Now there are over seas companies and governments taking bitcoin over the US dollar. Crypto coin has been halved, instead of 6 and change it is now 3 and change. It is also harder to mine so I could see bitcoin miners moving thier money to Shib and Doge as a way to make profits. Shib is something that the normal person can get into compared to bitcoin. Doge is now 0.16 per share and can still go up but there are tons of people buying Shib. It is all over the news and social media sites. There are more eyes on Shib now then there was on Doge when it was where Shib is now. With the company burning tokens and other millionaires burning tokens I just don't see how Shib wouldn't sky rocket. I wish I had more money to put into it but I still put in what I can. I just don't see with everything that Shib wouldn't beat out Doge hitting the 0.01 before they did. Thoughts??? Or am I not even close?", 'https://www.reddit.com/r/Shibainucoin/comments/1c943l4/could_shib_beat_doges_8_years_to_hit_001/', '1c943l4', [['u/snoopy_light', 14, '2024-04-21 02:12', 'https://www.reddit.com/r/Shibainucoin/comments/1c943l4/could_shib_beat_doges_8_years_to_hit_001/l0j0m0y/', 'Yes it can if they burn trillions', '1c943l4']]], ['u/prncemirsky', 'Bitcoin ATM in Waterview laundromat', 86, '2024-04-21 03:02', 'https://www.reddit.com/r/auckland/comments/1c95l42/bitcoin_atm_in_waterview_laundromat/', 'Posted without comment.', 'https://www.reddit.com/gallery/1c95l42', '1c95l42', [['u/prncemirsky', 14, '2024-04-21 03:07', 'https://www.reddit.com/r/auckland/comments/1c95l42/bitcoin_atm_in_waterview_laundromat/l0j8j5u/', 'As far as I can tell, this is for purchasing Bitcoin as opposed to spending it. Wash your clothes and your cash at the same time.', '1c95l42'], ['u/logantauranga', 77, '2024-04-21 03:07', 'https://www.reddit.com/r/auckland/comments/1c95l42/bitcoin_atm_in_waterview_laundromat/l0j8l9e/', 'Does this money-laundering machine have a delicate spin cycle?', '1c95l42'], ['u/Mort450', 56, '2024-04-21 03:12', 'https://www.reddit.com/r/auckland/comments/1c95l42/bitcoin_atm_in_waterview_laundromat/l0j982z/', 'Looks like something that will definitely steal your data and wallet holdings', '1c95l42'], ['u/babycleffa', 18, '2024-04-21 04:11', 'https://www.reddit.com/r/auckland/comments/1c95l42/bitcoin_atm_in_waterview_laundromat/l0jhhi4/', 'Bitcoin atms should be highly regulated if not banned\n\nThey’re typically used by people being scammed, and the business housing the atm gets a cut \n\nIt’s disgusting', '1c95l42'], ['u/Unfair_Explanation53', 10, '2024-04-21 04:33', 'https://www.reddit.com/r/auckland/comments/1c95l42/bitcoin_atm_in_waterview_laundromat/l0jkbdc/', "I don't think there are many elderly using digital currency.\n\nMost of the elderly I know won't even use paywave", '1c95l42'], ['u/weaz-am-i', 24, '2024-04-21 05:54', 'https://www.reddit.com/r/auckland/comments/1c95l42/bitcoin_atm_in_waterview_laundromat/l0jtzii/', "PM me your private keys, and I'll check on the database to see if they have been exposed.", '1c95l42'], ['u/hick-from-hicksville', 25, '2024-04-21 06:00', 'https://www.reddit.com/r/auckland/comments/1c95l42/bitcoin_atm_in_waterview_laundromat/l0jup04/', 'You should break it open and steal all the bitcoin inside', '1c95l42']]], ['u/MaGiC-iNtErNeT-mOnEy', 'The "quadrupling"', 144, '2024-04-21 04:00', 'https://www.reddit.com/r/Buttcoin/comments/1c96o4z/the_quadrupling/', 'Instead of the "halving" can we now all it the "quadrupling"? 🤣\n\nHere\'s a visual that shows the Bitcoin subsidy (6.25btc to 3.125btc) blue bars, and the Bitcoin fees, orange bars. Before and after the halving, block number 840,000.\n\nYou can see fees have exploded such that the reward and halving is so insignificant to the now very expensive fees, even still now that we\'re over a day out post halving.', 'https://i.redd.it/jnwtc7vepqvc1.jpeg', '1c96o4z', [['u/Horror_Rich4403', 46, '2024-04-21 04:14', 'https://www.reddit.com/r/Buttcoin/comments/1c96o4z/the_quadrupling/l0jhuts/', 'Can someone explain why fees jumped so much? Why were they pretty consistent right before?', '1c96o4z'], ['u/anyprophet', 33, '2024-04-21 04:21', 'https://www.reddit.com/r/Buttcoin/comments/1c96o4z/the_quadrupling/l0jiseo/', 'this post is a good rundown of it: https://www.reddit.com/r/Buttcoin/comments/1c8x7k2/why_bitcoin_transaction_fees_are_so_high_right/', '1c96o4z'], ['u/Horror_Rich4403', 26, '2024-04-21 04:32', 'https://www.reddit.com/r/Buttcoin/comments/1c96o4z/the_quadrupling/l0jk775/', 'The poster was right. This IS very hilarious and dumb!\xa0', '1c96o4z'], ['u/dyzo-blue', 96, '2024-04-21 04:33', 'https://www.reddit.com/r/Buttcoin/comments/1c96o4z/the_quadrupling/l0jkagf/', "People who make Ordinals paid extra fees to try to land their transaction exactly in the Halvening block, because somehow NFTs created within it should be more desirable. (Yeah, it's dumb.)\n\nThen all the wallets that suggest fees for transactions base it on averaging the fees from the last couple blocks. So the fees stay high indefinitely. (Yeah, it's that dumb.)", '1c96o4z'], ['u/Horror_Rich4403', 27, '2024-04-21 04:35', 'https://www.reddit.com/r/Buttcoin/comments/1c96o4z/the_quadrupling/l0jkjmn/', 'Seriously though are people still buying NFTs? Like truly the fad isn’t over?\xa0\n\nIf anything was to be compared to beanie babies, NFTs were truly it. If they’re mostly being used to wash trade, why would the fraudsters waste the money?', '1c96o4z'], ['u/WishboneHot8050', 27, '2024-04-21 04:43', 'https://www.reddit.com/r/Buttcoin/comments/1c96o4z/the_quadrupling/l0jlmsl/', "I was hoping for the spiral death loop scenario. That is the idea that half the miners would immediately unplug after the halving since they wouldn't be able to maintain profitability. And the reduction in overall hash rate would trigger even longer hash times between blocks for those that stayed on hashing. Thereby raising overall mining costs per block again, thereby causing other miners to unplug.\n\nNot happening today.", '1c96o4z'], ['u/lagerbaer', 25, '2024-04-21 05:00', 'https://www.reddit.com/r/Buttcoin/comments/1c96o4z/the_quadrupling/l0jnu7b/', 'Interestingly enough, no mention whatsoever of this on the bitcoin sub. As in, stupid high transaction fees.', '1c96o4z'], ['u/Ok-Row-6131', 14, '2024-04-21 05:02', 'https://www.reddit.com/r/Buttcoin/comments/1c96o4z/the_quadrupling/l0jnzk7/', 'This is amazingly dumb.', '1c96o4z'], ['u/dyzo-blue', 25, '2024-04-21 05:15', 'https://www.reddit.com/r/Buttcoin/comments/1c96o4z/the_quadrupling/l0jplws/', "I don't think there is much volume sold anymore.\n\nBut apparently there are still enough creepto-rich whales out there, who are fascinated enough, that they enjoy minting their own. By enough, I mean enough to cause the spike. It could just be a couple dozen nerds sitting on hundreds of BTC each.", '1c96o4z'], ['u/mechanicalcontrols', 10, '2024-04-21 07:45', 'https://www.reddit.com/r/Buttcoin/comments/1c96o4z/the_quadrupling/l0k5cq6/', "Every time we think we've seen the bottom, the crypto bros dig deeper to a new level of stupid.", '1c96o4z'], ['u/mechanicalcontrols', 11, '2024-04-21 07:45', 'https://www.reddit.com/r/Buttcoin/comments/1c96o... 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\'s once-every-four-years "halving," which took place late last week, was supposed to bring asteep cut in revenue for crypto miners, since their rewards for new data blocks would drop by 50%.\nInstead, the simultaneous launch of Casey Rodarmor\'s new Runes protocol – for minting digital tokens on top of the oldest and largest blockchain – has proven so popular that it\'s caused massive network congestion, sending transaction fees to record levels and showering Bitcoin miners with a windfall like never before.\nBitcoin transaction fees averaged a record $127.97 on April 20, when thehalving took place and Runes launched, based on coordinated universal time. That\'s more than seven times the average fee rate on the day before, and roughly double the previous record set three years ago.\nTotal revenue for bitcoin miners, which includes the block rewards as well as transaction fees, soared to a record $107.8 million for the single day, according to YCharts.\nThe development could be bullish for big bitcoin mining firms including Marathon Digital Holdings ($MARA), Riot Blockchain ($RIOT), Hut 8 Mining (HUT) and Core Scientific (CORZ). (Marathon announced separately on Friday that it was rebranding to "MARA," which happens to be its stock ticker.)\nThe quadrennialhalvingswere part of Bitcoin creator Satoshi Nakamoto\'s original design when it was launched in 2009, an effort to harden the original cryptocurrency\'s resistance to inflation with an ever-decreasing pace of new issuance. But with the rewards shrinking for miners, the question has been whether they would see adequate incentives to continue mining on the blockchain – crucial since their efforts are essential to the blockchain network\'s security.\n"We expect the particular frenzy pushing fees to these levels to die down in the relatively near term, but this episode is the latest indication that concerns about bitcoin’s long-term \'security budget\' aremisplaced," the Bitcoin-focused investment firm Ten31 wrote in a newsletter on Saturday.\nRodarmor\'s newRunes protocolcan be used to spin up new digital tokens like those common on the Ethereum blockchain but thus far mostly absent from the Bitcoin ecosystem.\nThe launch washighly anticipatedbecause Rodarmor was the primary developer behind Ordinals, which became extremely popular after it debuted last year as a novel way to mint NFTs on Bitcoin, previously unthinkable.\nRodarmor himself worried aloud on a recent episode of his Hell Money podcastwhether Runes might be a flop; if the main use of Runes was to spin up "meme coins" for fickle traders whose speculative interests can shift quickly, why would these traders instinctively gravitate toward a blockchain optimized for security rather than for speed or low costs?\nCome, they did, however, and Runes may have outstripped even some of the most ambitious expectations.\nAccording to the websiteRuneAlpha, as of April 21 some 4,923 runes had already been etched, with 801,124 runes transactions and 68,548 holders.\n"The overall Runes ecosystem will likely be worth many billions of dollars," the blockchain researcher Saurabh Deshpandewrotein a post on Decentralised.co.\nSeveral crypto exchanges, including OKX andGate.io, have already listed some of the newly minted runes, such asSATOSHI•NAKAMOTO, for trading.\nJimmy Song, an independent Bitcoin developer and commentator, wrote in ablog poston Saturday that the Runes frenzy has made it nearly impossible to get a transaction included into certain blocks without paying an exorbitantly high transaction fee.\n"The Runes asset issuance has overridden almost every other use case at the moment," Song wrote.\nThe Bitcoin Layersubstackwrote that Runes appears to be a "game of greater fools in which essentially everybody loses," but it does take up block space and may "accentuate the need for hastening the development of and further expansion of liquidity on layer-2 scaling solutions like the Lightning Network."\nTransaction fees as a percentage of the total miner revenue per block jumped to their highest level ever of 75%, according to the authors Joe Consorti and Nik Bhatia.\nIt\'s "a preview of what’s to come in Bitcoin mining economics decades from now, as Bitcoin monetizes into a $10 trillion+ asset, demand for the network is orders of magnitude larger than today, and we’ve had a few more halvings," they wrote.\nGrayscale, the money manager behind the Grayscale Bitcoin Trust (GBTC), remarked on the potentially dramatic change in outlook for miners in an emailed newsletter on Saturday.\n"If transaction fees normalize at a level higher than in the past, the impact of the halving on miner revenue will be dampened," Grayscale wrote.', 'Bitcoin\'s once-every-four-years "halving," which took place late last week, was supposed to bring asteep cut in revenue for crypto miners, since their rewards for new data blocks would drop by 50%.\nInstead, the simultaneous launch of Casey Rodarmor\'s new Runes protocol – for minting digital tokens on top of the oldest and largest blockchain – has proven so popular that it\'s caused massive network congestion, sending transaction fees to record levels and showering Bitcoin miners with a windfall like never before.\nBitcoin transaction fees averaged a record $127.97 on April 20, when thehalving took place and Runes launched, based on coordinated universal time. That\'s more than seven times the average fee rate on the day before, and roughly double the previous record set three years ago.\nTotal revenue for bitcoin miners, which includes the block rewards as well as transaction fees, soared to a record $107.8 million for the single day, according to YCharts.\nThe development could be bullish for big bitcoin mining firms including Marathon Digital Holdings ($MARA), Riot Blockchain ($RIOT), Hut 8 Mining (HUT) and Core Scientific (CORZ). (Marathon announced separately on Friday that it was rebranding to "MARA," which happens to be its stock ticker.)\nThe quadrennialhalvingswere part of Bitcoin creator Satoshi Nakamoto\'s original design when it was launched in 2009, an effort to harden the original cryptocurrency\'s resistance to inflation with an ever-decreasing pace of new issuance. But with the rewards shrinking for miners, the question has been whether they would see adequate incentives to continue mining on the blockchain – crucial since their efforts are essential to the blockchain network\'s security.\n"We expect the particular frenzy pushing fees to these levels to die down in the relatively near term, but this episode is the latest indication that concerns about bitcoin’s long-term \'security budget\' aremisplaced," the Bitcoin-focused investment firm Ten31 wrote in a newsletter on Saturday.\nRodarmor\'s newRunes protocolcan be used to spin up new digital tokens like those common on the Ethereum blockchain but thus far mostly absent from the Bitcoin ecosystem.\nThe launch washighly anticipatedbecause Rodarmor was the primary developer behind Ordinals, which became extremely popular after it debuted last year as a novel way to mint NFTs on Bitcoin, previously unthinkable.\nRodarmor himself worried aloud on a recent episode of his Hell Money podcastwhether Runes might be a flop; if the main use of Runes was to spin up "meme coins" for fickle traders whose speculative interests can shift quickly, why would these traders instinctively gravitate toward a blockchain optimized for security rather than for speed or low costs?\nCome, they did, however, and Runes may have outstripped even some of the most ambitious expectations.\nAccording to the websiteRuneAlpha, as of April 21 some 4,923 runes had already been etched, with 801,124 runes transactions and 68,548 holders.\n"The overall Runes ecosystem will likely be worth many billions of dollars," the blockchain researcher Saurabh Deshpandewrotein a post on Decentralised.co.\nSeveral crypto exchanges, including OKX andGate.io, have already listed some of the newly minted runes, such asSATOSHI•NAKAMOTO, for trading.\nJimmy Song, an independent Bitcoin developer and commentator, wrote in ablog poston Saturday that the Runes frenzy has made it nearly impossible to get a transaction included into certain blocks without paying an exorbitantly high transaction fee.\n"The Runes asset issuance has overridden almost every other use case at the moment," Song wrote.\nThe Bitcoin Layersubstackwrote that Runes appears to be a "game of greater fools in which essentially everybody loses," but it does take up block space and may "accentuate the need for hastening the development of and further expansion of liquidity on layer-2 scaling solutions like the Lightning Network."\nTransaction fees as a percentage of the total miner revenue per block jumped to their highest level ever of 75%, according to the authors Joe Consorti and Nik Bhatia.\nIt\'s "a preview of what’s to come in Bitcoin mining economics decades from now, as Bitcoin monetizes into a $10 trillion+ asset, demand for the network is orders of magnitude larger than today, and we’ve had a few more halvings," they wrote.\nGrayscale, the money manager behind the Grayscale Bitcoin Trust (GBTC), remarked on the potentially dramatic change in outlook for miners in an emailed newsletter on Saturday.\n"If transaction fees normalize at a level higher than in the past, the impact of the halving on miner revenue will be dampened," Grayscale wrote.', 'These seven large-cap stocks were the worst performers last week. Are they in your portfolio?\n1. Arm Holdings plc(NASDAQ:ARM) was the worst large-cap stock performer last week, plummeting 31.08%. The company fell alongsideASML Holding N.V.(NASDAQ:ASML), which reported worse-than-expectedfirst-quarter FY24 results last week. Exane BNP Paribas analyst David O’Connor downgraded ARM from“Outperform” to “Neutral”with a $100 price target.\n2. MicroStrategy Inc’s(NASDAQ:MSTR) stock lost 20.07% last week. Most crypto stocks fell last week due to the volatility in 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: 2024-04-22 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,304,746,732,669 - Hash Rate: 652748580.6769805 - Transaction Count: 671771.0 - Unique Addresses: 534717.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.73 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • US stocks fell on Friday as investors digested the week's hotter-than-expected inflation data. • Consumer and producer prices rose more than expected in February, government data showed. • Investors continued to dial back their expectations for Fed rate cuts in 2024. US stocks fell on Friday as traders fretted over hot inflation data and continued to dial back their expectations for rate cuts in 2024. All three benchmark indexes ended the lower, while bond yields ticked slightly higher. The S&P 500 ended with its second straight weekly loss. Both consumer and producer prices came in hotter than expected this week, with the consumer price index rising 3.2% and the producer price index rising 1.6% year-per-year, the Bureau of Labor Statistics reported. Hot inflation is the Fed's main focus, and investors are growing concerned that central bankers could end up holding interest rates higher for a lot longer to keep prices from surging again, especially as the economy looks to be going strong. "Inflation reports this week served as a reminder that normalization is not a straight line, and pressures remain in many pockets," Mark Hackett, Nationwide's chief of investment said in a note on Friday. The Fed's next policy meeting is just around the corner, with central bankers set to begin the two-day policy meeting next Tuesday to decide the next policy move. Markets are pricing in a near-100% chance the Fed will keep rates unchanged this month, according to theCME FedWatch tool. Investors also continued to dial back their expectations for rate cuts for the rest of the year. Markets are now pricing just a 30% chance the Fed could slash rates by 100 basis points or more by December, down from a 64% probability priced in a month ago, and odds of a June rate cut have come down to about a coin-toss. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday: • S&P 500: 5,116.95, down 0.65% • Dow Jones Industrial Average: 38,714.77, down 0.49% (-190.89 points) • Nasdaq Composite: 15,973.17, down 0.96% Here's what else is going on today: • TheNvidia-led AI boom could spread to three different areasof the stock market, according to Goldman Sachs. • Soaring US debt could "break" markets at some pointif spending isn't reined in, according to one Wharton finance professor. • The S&P 500 is "bizarrely overvalued"and could crash 49%, according to an elite strategist. In commodities, bonds, and crypto: • West Texas Intermediatecrude slipped 0.36% to $80.98 a barrel.Brent crude, the international benchmark, fell 0.1% to trade at $85.28 a barrel. • Goldticked 0.19% lower to $2,157.55 per ounce. • The 10-year Treasury yield was about flat at 4.30%. • Bitcoinrose 0.26% to $70,230. Read the original article onBusiness Insider... - Reddit Posts (Sample): [['u/kennyatmall', 'Cheapest way to sell 2 BTC', 12, '2024-04-22 01:48', 'https://www.reddit.com/r/CoinBase/comments/1c9wg0z/cheapest_way_to_sell_2_btc/', 'Hi guys what’s the cheapest way to sell Btc ? Should I put in on the card and spent it there ? ', 'https://www.reddit.com/r/CoinBase/comments/1c9wg0z/cheapest_way_to_sell_2_btc/', '1c9wg0z', [['u/iamthesagej', 21, '2024-04-22 01:55', 'https://www.reddit.com/r/CoinBase/comments/1c9wg0z/cheapest_way_to_sell_2_btc/l0o5fhc/', 'Advanced trading tab.', '1c9wg0z'], ['u/Enslaved_By_Freedom', 16, '2024-04-22 03:50', 'https://www.reddit.com/r/CoinBase/comments/1c9wg0z/cheapest_way_to_sell_2_btc/l0olhqm/', 'Sell your 2 BTC to me for $100 USD. It will be really cheap.', '1c9wg0z'], ['u/SteveLangfordsCock', 46, '2024-04-22 04:02', 'https://www.reddit.com/r/CoinBase/comments/1c9wg0z/cheapest_way_to_sell_2_btc/l0on7km/', 'You should not answer any of the DMs you got', '1c9wg0z'], ['u/iamthesagej', 10, '2024-04-22 04:22', 'https://www.reddit.com/r/CoinBase/comments/1c9wg0z/cheapest_way_to_sell_2_btc/l0opwab/', 'The “free trading” has their fee built in with the sell prices, so if you use advanced, you get 25% off.\n\nIt’s a $260 fee to sell 1 of my btc, so I’m assuming it would be around $520 for 2. If you have CB1, that’s $130 saved. \n\nYou could get a free trial or a month and you’d save - I’d do it!', '1c9wg0z'], ['u/ukiyo3k', 10, '2024-04-22 05:21', 'https://www.reddit.com/r/CoinBase/comments/1c9wg0z/cheapest_way_to_sell_2_btc/l0oxeq7/', 'How do people own BTC but not know how to own BTC?', '1c9wg0z']]], ['u/superdude32', "Why don't you have a... $SEAT?!! Hidden gem, blowing up now!", 626, '2024-04-22 02:12', 'https://www.reddit.com/r/CryptoMoonShots/comments/1c9wxnk/why_dont_you_have_a_seat_hidden_gem_blowing_up_now/', 'Cris Hensan is inviting you to take a $SEAT and put scum of the earth behind bars, in fun fashion - just by investing in crypto! \n \n**Find out about this hidden gem with a low marketcap:** \n[https://crishensan.com](https://crishensan.com) (warning: *this website is dope-ass!*) \n\n\nA fun meme with serious ambition - we\'re putting sexual predators behind bars, and doing it in style! Let\'s gooooo!\n\n \n**Here is why I\'m personally bullish on $SEAT:** \n**--> Dev is GOLD** \\- this man is a driven, proven, trader who was cheesed off at all the rug pulls and decided to put a Blue Chip meme project together - for the people! \n**--> NARRATIVE UTILITY** is brilliant! This community is meme-ing to call attention to the issue of sexual predators and getting them behind bars - Cris Hensan keeps it fun, but he means business! "Why don\'t you take a SEAT???" \n\n*This weekend we are taking in our first donation that is going to the Coalition to Abolish Slavery & Trafficking. BIG NEWS coming this week on the donation!!! We are going to make a splash!* \n\n*Every time our marketcap doubles, the community will make another donation. Community makes money, we give to a great cause = win-win. You know, unless you like having sexual predators roaming around...* \n**--> LOW MARKETCAP** \\- this coin is only one week old and sitting at 1M Marketcap. We held and grew through all the BTC halving nonsense. Sky is the limit for SEAT. Could be a next multi-mill coin. You are early! \n**--> TOKENOMICS ARE FOR THE PEOPLE** \\- Total Supply: 998,331,345 | 100 % Locked Utility | 100% of Liquidity Tokens are Burned | Immutable - like I said above, our dev Cris HATES rug pulls and made it his goal to make the most anti-rug token you could imagine. \n**--> COMMUNITY** is driven and active! Hop on the telegram chat and join a community that is positive, driven, mature, and focussed on our goal: blowing up SEAT, building life changing wealth, and putting perps away in the process! Don\'t believe me? Check out telegram and hang with us for a couple days - you\'ll see! \n**--> EXCHANGES** \\- currently SEAT is available on decentralized exchanges like Raydium & Jupiter - if you don\'t know how that works, just hit up the website for more info. This coin is young, which is where money is made - larger exchanges will come as the project grows. \n\n\n \nSo.. Still here? What are you waiting for? \n*WHY DON\'T YOU TAKE A $SEAT???!!!*\n\n \n[https://crishensan.com](https://crishensan.com) \n\nToken CA: 29ad8JW1YcVT3mxcvxJpe3EzWqXCGD7KaSRWrc3TEMWG ', 'https://www.reddit.com/r/CryptoMoonShots/comments/1c9wxnk/why_dont_you_have_a_seat_hidden_gem_blowing_up_now/', '1c9wxnk', [['u/Comfortable_Brush295', 10, '2024-04-22 02:16', 'https://www.reddit.com/r/CryptoMoonShots/comments/1c9wxnk/why_dont_you_have_a_seat_hidden_gem_blowing_up_now/l0o8dzd/', 'Everyone should come and join us in taking a $SEAT', '1c9wxnk']]], ['u/Striking-Type-4162', 'BlackRock created the Bitcoin ETF', 53, '2024-04-22 03:10', 'https://www.reddit.com/r/Wallstreetsilver/comments/1c9y3xy/blackrock_created_the_bitcoin_etf/', 'BlackRock created the Bitcoin ETF as a way to launder your fiat dollars into the Bitcoin Ponzi, Because the elites know the U.S. banking system is going to collapse (credit markets) That’s the reason for the sudden passage of Ukraine and Israel funding. ($95 billion). Those laundered dollars will go through NGO’s which help fund Blackrock’s Bitcoin ETF. This is also why Janet Yellen is desperate to fund U.S. Treasuries. U.S. Treasury dollars are laundered through NGO’s Which provides free Bitcoin liquidity for the elites (off-balance sheet)', 'https://www.reddit.com/r/Wallstreetsilver/comments/1c9y3xy/blackrock_created_the_bitcoin_etf/', '1c9y3xy', [['u/New-Dealer5801', 11, '2024-04-22 03:23', 'https://www.reddit.com/r/Wallstreetsilver/comments/1c9y3xy/blackrock_created_the_bitcoin_etf/l0ohv2y/', 'Well if Main Street hasn’t picked up on this they deserve the crash! Bitcoin will be the greatest, till the power goes out!', '1c9y3xy'], ['u/ScreamingWeenie', 48, '2024-04-22 03:40', 'https://www.reddit.com/r/Wallstreetsilver/comments/1c9y3xy/blackrock_created_the_bitcoin_etf/l0ok5xn/', 'Explain it to me like I got injected with an experiment in exchange for a free donut.', '1c9y3xy'], ['u/reepotomac2', 13, '2024-04-22 03:51', 'https://www.reddit.com/r/Wallstreetsilver/comments/1c9y3xy/blackrock_created_the_bitcoin_etf/l0oloqu/', 'OK, the guy who set himself on fire at the Trump trial, he had a manifesto, I skimmed it. It said a lot about crypto and the real purpose of crypto.. Does this post kinda go along with his manifesto?', '1c9y3xy'], ['u/Striking-Type-4162', 13, '2024-04-22 04:03', 'https://www.reddit.com/r/Wallstreetsilver/comments/1c9y3xy/blackrock_created_the_bitcoin_etf/l0on9qo/', "BTC/USDT is an offshore unregulated debt/ponzi washing machine. Ukraine is used as the excuse to funnel $ in. Monetization ETF'S of debt and US CANT stop spending. They knew what was coming over a decade ago. They needed a way to continue.", '1c9y3xy']]], ['u/WatercressCurious980', 'Massive over 100% fee btc to xmr on cake', 29, '2024-04-22 04:24', 'https://www.reddit.com/r/darknet/comments/1c9zj4y/massive_over_100_fee_btc_to_xmr_on_cake/', 'Any ideas what’s happening or how to fix ', 'https://www.reddit.com/r/darknet/comments/1c9zj4y/massive_over_100_fee_btc_to_xmr_on_cake/', '1c9zj4y', [['u/Rmccarton', 35, '2024-04-22 05:40', 'https://www.reddit.com/r/darknet/comments/1c9zj4y/massive_over_100_fee_btc_to_xmr_on_cake/l0ozqn7/', 'Just use LTC, exchange for Monero in cake. It was the more economic method even before the bitcoin feees went bonkers. \xa0', '1c9zj4y'], ['u/Single_Pea', 19, '2024-04-22 06:43', 'https://www.reddit.com/r/darknet/comments/1c9zj4y/massive_over_100_fee_btc_to_xmr_on_cake/l0p6yqc/', "wait. it'll go down. shouldnt use btc ever like this tho.", '1c9zj4y'], ['u/ZestycloseWay2771', 19, '2024-04-22 12:35', 'https://www.reddit.com/r/darknet/comments/1c9zj4y/massive_over_100_fee_btc_to_xmr_on_cake/l0q1241/', 'Shouldn’t use BTC at all', '1c9zj4y']]], ['u/Freemasonsareevil', 'Is it worth buying thousands of dollars of LTC as a young person', 10, '2024-04-22 04:26', 'https://www.reddit.com/r/litecoin/comments/1c9zkmf/is_it_worth_buying_thousands_of_dollars_of_ltc_as/', 'So here’s my situation. I’m a 19 year old college student. I’m not broke but I’m also not able to pay for college myself lmao. I have over $5000 in total from my checkings and savings account + another 2000 in cash at home. Most of this is untouched really. I was thinking of maybe buying $2000 in crypto. Would that be worth it? And idk if I should do it all in LTC or maybe some in BTC or other crypto? It would suck losing $2000 but it would be very very nice tripling that or whatever. Plus this summer I will be working and making a lot more money… I would like opinions from those more experienced than me who is nice to crypto', 'https://www.reddit.com/r/litecoin/comments/1c9zkmf/is_it_worth_buying_thousands_of_dollars_of_ltc_as/', '1c9zkmf', [['u/Coldlog1k', 43, '2024-04-22 04:42', 'https://www.reddit.com/r/litecoin/comments/1c9zkmf/is_it_worth_buying_thousands_of_dollars_of_ltc_as/l0osky4/', '#1 rule of investing in ANYTHING: don’t invest money you can’t afford to lose. If your ok with possibly losing the entire thing and accept that you may not see returns for years if ever then do your research and invest in coins that you believe in. Anyone telling you buy this or buy that for a quick turnaround is lying or scamming.', '1c9zkmf'], ['u/0010011001101', 13, '2024-04-22 04:51', 'https://www.reddit.com/r/litecoin/comments/1c9zkmf/is_it_worth_buying_thousands_of_dollars_of_ltc_as/l0otp67/', 'From someone who was once young, enjoy the money you have when you have the youth to enjoy it on. \n\nYes, you may double, triple or quadruple the ‘dollar’ amount, but the happiness you will derive from the increased amount in the future will likely be less than the happiness you can afford yourself now, in the present. \n\nJust my two cents worth.', '1c9zkmf'], ['u/meshflesh40', 18, '2024-04-22 06:35', 'https... 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:** ['April 22 (UPI) --Independent presidential candidate Robert F. Kennedy Jr. said he would put the nation\'s budget on blockchain to increase government transparency and end corruption.\n"I\'m going to put the entire U.S. budget on blockchain so that every American -- every American can look at every budget item in the entire budget anytime they want 24 hours a day," Kennedytold a crowdSunday at a rally in Michigan.\nPutting the U.S. budget on blockchain would put it into a ledger of transactions associated with Bitcoin and other cryptocurrencies, allowing American taxpayers to track spending.\n"We\'re gonna have 300 million eyeballs on our budget, and if somebody is spending $16,000 for a toilet seat, everybody\'s gonna know about it," Kennedy said, referencing reports that the Pentagon paid $640 per toilet seat in the 1980s and $10,000 each to replace toilet seats in 2018.\nLast week, Kennedy, 70,qualified for Michigan\'s2024 presidential ballot. The environmental lawyer, who is vocally anti-vaccine, has also qualified for the ballot in Hawaii and Utah. His campaign has said that he has enough signatures to qualify for the ballot in North Carolina, New Hampshire, Nevada, Nebraska, Idaho and Iowa.\nKennedy, who originally launched his campaign as a Democrat before switching to an Independent, named California entrepreneur and lawyer Nicole Shanahan as hisvice presidential running matelast month, saying she "shares my indignation of big tech" as well as his disdain for "information warfare that our government is currently waging against the American people."\nKennedy, who is running against President Joe Biden with the Democratic nomination and former President Donald Trump with the Republican nomination, is the only presidential candidate to publicly endorse Bitcoin and even accepted Bitcoin campaign donations.\nIf elected, Kennedy has said he plans to back the U.S. dollar with Bitcoin. He also vowed to end Federal Reserve efforts to move toward a central bank digital currency, claiming it would infringe on privacy and would be "acalamity for human rightsand for civil rights."', "Bitcoin's Runes fungible token standard was launched as Bitcoin underwent its fourth halving event, resulting in unprecedented demand. The rush to launch Runes tokens created a frenzy, driving Bitcoin network fees to reach millions of dollars in the initial post-halving blocks. Creators believe that securing an early slot for their tokens contributes to their perceived value and appeal to traders. This phenomenon was previously observed with the NFT-like Ordinals on Bitcoin, where early inscription numbers fetched substantial sums on secondary marketplaces.\nGate.io, a centralized exchange, has alreadylistedthree of the earliest Runes tokens: SATOSHI•NAKAMOTO, MEME•ECONOMICS, and WANKO•MANKO•RUNES. SATOSHI•NAKAMOTO, MEME•ECONOMICS are among the first ten tokens created using the Runes protocol.\xa0 Speculation on social media suggests that the first ten Runes tokens, some of which are yet to be deployed, are highly sought after for exchange listings. However, WANKO•MANKO•RUNES has already deviated from this trend, possibly due to the hype generated by its association with a story written by Runes protocol creator Casey Rodarmor.\nGate.io listed the first BRC-20 token, ORDI, which has since gained significant value and is now listed on major exchanges like Binance and OKX. Some in the communityspeculatethat Binance's recent tweet expressing interest in Runes indicates potential support from the exchange, given its previous listing of several Bitcoin-based BRC-20 tokens.", "Bitcoin's Runes fungible token standard was launched as Bitcoin underwent its fourth halving event, resulting in unprecedented demand. The rush to launch Runes tokens created a frenzy, driving Bitcoin network fees to reach millions of dollars in the initial post-halving blocks. Creators believe that securing an early slot for their tokens contributes to their perceived value and appeal to traders. This phenomenon was previously observed with the NFT-like Ordinals on Bitcoin, where early inscription numbers fetched substantial sums on secondary marketplaces.\nGate.io, a centralized exchange, has alreadylistedthree of the earliest Runes tokens: SATOSHI•NAKAMOTO, MEME•ECONOMICS, and WANKO•MANKO•RUNES. SATOSHI•NAKAMOTO, MEME•ECONOMICS are among the first ten tokens created using the Runes protocol.\xa0 Speculation on social media suggests that the first ten Runes tokens, some of which are yet to be deployed, are highly sought after for exchange listings. However, WANKO•MANKO•RUNES has already deviated from this trend, possibly due to the hype generated by its association with a story written by Runes protocol creator Casey Rodarmor.\nGate.io listed the first BRC-20 token, ORDI, which has since gained significant value and is now listed on major exchanges like Binance and OKX. Some in the communityspeculatethat Binance's recent tweet expressing interest in Runes indicates potential support from the exchange, given its previous listing of several Bitcoin-based BRC-20 tokens.", "Bitcoin and Ethereum are experiencing modest gains in the past 24 hours, up 2.25% and 0.90% respectively. However,PEPE, a leading Ethereum-based memecoin is emerging as one of the best performers among the top 100 coins by market capitalization. Over the past 24 hours, PEPE's price has spiked from $0.00000572 to its current value of $0.000006793, marking a remarkable 10.25% surge. In the past seven days, it has seen an impressive 35% jump.\nThe recent surge in price follows theannouncementby Coinbase International, the global arm of the largest U.S. crypto exchange, regarding the listing of PEPE perpetual contracts. This move is particularly significant as it increases liquidity and exposure for the asset. Initially scheduled for April 18, the opening of Coinbase's 1000PEPE-PERP market was delayed due to technical reasons. However, trading is now set to commence on Tuesday, April 23.\nThe news of Coinbase's listing was met with great enthusiasm across Crypto Twitter. Coinbase also revealed plans for perpetual futures involving Dogwifhat (WIF), a prominent Solana memecoin, with trading slated to begin on April 25.\nPEPE rallied by over 700% from the end of February on the back of a memecoin trading frenzy in the crypto markets. However, it underwent a significant correction since touching an all-time highs of $0.00001074 on March 14, retracing by almost 50%. Currently, PEPE’s futures contractssawa 25% increase in open interest, totalling $224.50 million.", 'Following a period of losses, U.S. stocks showed resilience with the S&P 500 closing higher on Monday, as investors shift their focus to upcoming earnings reports from major companies. This renewed interest in corporate performance highlights the importance of understanding factors like insider ownership and earnings growth potential in selecting stocks during uncertain economic times.\n[{"Name": "PDD Holdings (NasdaqGS:PDD)", "Insider Ownership": "33.6%", "Growth Rating": "\\u2605\\u2605\\u2605\\u2605\\u2605\\u2605"}, {"Name": "Atour Lifestyle Holdings (NasdaqGS:ATAT)", "Insider Ownership": "28.6%", "Growth Rating": "\\u2605\\u2605\\u2605\\u2605\\u2605\\u2605"}, {"Name": "Li Auto (NasdaqGS:LI)", "Insider Ownership": "31.3%", "Growth Rating": "\\u2605\\u2605\\u2605\\u2605\\u2605\\u2605"}, {"Name": "Super Micro Computer (NasdaqGS:SMCI)", "Insider Ownership": "14.3%", "Growth Rating": "\\u2605\\u2605\\u2605\\u2605\\u2605\\u2605"}, {"Name": "Alkami Technology (NasdaqGS:ALKT)", "Insider Ownership": "14.4%", "Growth Rating": "\\u2605\\u2605\\u2605\\u2605\\u2605\\u2605"}, {"Name": "Cipher Mining (NasdaqGS:CIFR)", "Insider Ownership": "19.6%", "Growth Rating": "\\u2605\\u2605\\u2605\\u2605\\u2605\\u2605"}, {"Name": "Carlyle Group (NasdaqGS:CG)", "Insider Ownership": "27.3%", "Growth Rating": "\\u2605\\u2605\\u2605\\u2605\\u2605\\u2605"}, {"Name": "Establishment Labs Holdings (NasdaqCM:ESTA)", "Insider Ownership": "11.2%", "Growth Rating": "\\u2605\\u2605\\u2605\\u2605\\u2605\\u2605"}, {"Name": "BBB Foods (NYSE:TBBB)", "Insider Ownership": "23.8%", "Growth Rating": "\\u2605\\u2605\\u2605\\u2605\\u2605\\u2605"}, {"Name": "EHang Holdings (NasdaqGM:EH)", "Insider Ownership": "33%", "Growth Rating": "\\u2605\\u2605\\u2605\\u2605\\u2605\\u2605"}]\nClick here to see the full list of 135 stocks from our Fast Growing Companies With High Insider Ownership screener.\nUnderneath we present a selection of stocks filtered out by our screen.\nSimply Wall St Growth Rating:★★★★★☆\nOverview:TeraWulf Inc., along with its subsidiaries, functions as a digital asset technology company in the United States, with a market capitalization of approximately $779.77 million.\nOperations:The company generates revenue primarily from digital currency mining, which amounted to $69.23 million.\nInsider Ownership:20.9%\nEarnings Growth Forecast:132.9% p.a.\nTeraWulf, trading 84.9% below its estimated fair value, is poised for substantial growth with earnings expected to increase significantly. Despite recent shareholder dilution and a volatile share price, the company\'s revenue growth forecast at 49.7% annually surpasses the US market average. Recent actions include repaying US$30.1 million of debt and expanding share authorization to support growth initiatives, aligning with its strategic goals to enhance infrastructure capacity significantly by 2025.\n• Navigate through the intricacies of TeraWulf with our comprehensive analyst estimates report here.\n• Our valuation report here indicates TeraWulf may be undervalued.\nSimply Wall St Growth Rating:★★★★★★\nOverview:Cipher Mining Inc. operates large-scale bitcoin mining data centers in the United States and has a market capitalization of approximately $1.33 billion.\nOperations:The company generates its revenue primarily from software and programming, totaling approximately $126.84 million.\nInsider Ownership:19.6%\nEarnings Growth 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: 2024-04-23 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,305,205,570,594 - Hash Rate: 721458957.5903468 - Transaction Count: 927010.0 - Unique Addresses: 441797.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.71 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Cryptocurrency exchange KuCoin’s CEO Johnny Lyu hasrevealedplans for a major airdrop involving Bitcoin (BTC) and its native token KuCoin (KCS), amounting to a total value of $10 million. This news follows the recent charges brought by the United States Justice Department against the exchange and two of its founders. Although Lyu did not directly reference the federal charges in his letter, he hinted at the situation by expressing gratitude to KuCoin users for their support and trust during the past few days. He compared the airdrop to the exchange's previous reimbursement of investors who suffered losses in the Confido rug pull incident. The delays in withdrawal experienced by some users on March 26 and 27 could be attributed to the high volume of transactions as almost $800 million of funds were withdrawn from the exchange. The airdrop serves as a gesture of appreciation to users who remained loyal to KuCoin during this challenging period. Specific rules for the airdrop event will be released in three days, according to the blog post. The Justice Department unveiled charges related to violations of the Bank Secrecy Act, accusing the exchange's founders of operating an unlicensed money-transmitting business and lacking an Anti-Money Laundering program. Simultaneously, the Commodity Futures Trading Commission (CFTC) initiated a civil case against KuCoin for violations of the Commodity Exchange Act and CFTC regulations.... - Reddit Posts (Sample): [['u/TypicalAd3689', '🫡', 36, '2024-04-23 01:04', 'https://www.reddit.com/r/NervosNetwork/comments/1cap02q/_/', 'Strap in yall $BTC is looking good and $CKB is holding steady. ', 'https://www.reddit.com/r/NervosNetwork/comments/1cap02q/_/', '1cap02q', [['u/zan1019', 11, '2024-04-23 02:11', 'https://www.reddit.com/r/NervosNetwork/comments/1cap02q/_/l0tesj7/', "Ready for liftoff, going to be an exciting end of the year going into '25", '1cap02q'], ['u/Jolly_Schedule5772', 11, '2024-04-23 04:06', 'https://www.reddit.com/r/NervosNetwork/comments/1cap02q/_/l0twaoc/', "If meme coins can have +40B market caps, I think CKB can, too. Especially because it brings so much more value to btc, which all coins follow in price trends already. The killer is that ckb is not even built specifically to be a btc L2, but it is perfect for that job naturally. It's an L1 that brings more to the table than many 50B L1's even do.\n\nTime is the only thing in question here tbh.", '1cap02q']]], ['u/Top_Personality_6560', 'Can someone explain why quantum computing is not a threat?', 169, '2024-04-23 01:29', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/', 'For the record, I’m a big believer in bitcoin and plan to hold for the long term. However, I do think quantum computing poses a significant risk. I hear people discuss that we will simply switch to a quantum proof hashing algorithm when the time comes which is fine.\n\nHowever, everyone seems to gloss over the dead coins that will not be updated to these algorithms making them vulnerable. These coins (including satoshis) will most likely be stolen and dumped on the market crashing the price. (Governments will likely have incentive to do this as well.)\n\nI understand this won’t happen until at least 5-10 years from now, but knowing that the event WILL occur at some point does seem to be concerning. Can someone please explain why this is not a threat for a long term investor (my plan is to never stop DCAing).', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/', '1capl5y', [['u/volocom7', 477, '2024-04-23 01:37', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0t9p54/', 'A computational advancement that could break the security of Bitcoin would also be able to break every other cyber security on the planet. This includes your standard banks.\n\nBitcoin would be the last of your problems. \n\nBecause of this, I view it as negligible. To me it’s the same as saying what if a comet destroyed the earth and everyone on it? Bitcoin would be dead!', '1capl5y'], ['u/Top_Personality_6560', 27, '2024-04-23 01:39', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0t9y90/', 'I do agree with you. But banks and all other centralized systems can upgrade after the vulnerability is discovered. Bitcoins dead coins do not have that luxury. That’s the primary concern to me.', '1capl5y'], ['u/iratezero', 57, '2024-04-23 01:45', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0tauyf/', 'You just answered your own question. Bitcoin can be updated (with consensus) to be quantum resistant in the same way.', '1capl5y'], ['u/pdx1086', 40, '2024-04-23 01:51', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0tbvqc/', 'Andreas has covered this question ad nauseam. multiple vids on yt', '1capl5y'], ['u/Tvmouth', 16, '2024-04-23 01:53', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0tc2mi/', 'Quantum Computing is being treated like a new type of spyglass that looks into the future, but the technology interface is more like using a spyglass as a shelf.', '1capl5y'], ['u/ElDubardo', 11, '2024-04-23 02:54', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0tlaxv/', 'Bitcoin can be updated and backtracked to a block before a quantum attack.', '1capl5y'], ['u/zzx101', 22, '2024-04-23 03:11', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0tnyfe/', 'This is a good point. Conceptually, I agree there doesn’t seem to be way to secure “dead” addresses.\n\nI also don’t believe we’re 5-10 years away from this technology. Seems something like 50-100 years.', '1capl5y'], ['u/mastermilian', 16, '2024-04-23 03:20', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0tp844/', "Technically speaking any code can be fixed but it's the logistics that make things difficult. For example, if there was a viable attack against existing addresses and their private keys, how would a migration occur? What would happen to lost/dead addresses that didn't migrate? If you had a cut-off date, many people would inevitably miss it and lose their coins. This isn't the same problem as a centralized bank would have. Centralized systems are going to have a lot less challenges and worst case can shut down their systems until the problem is resolved.", '1capl5y'], ['u/heyitscory', 82, '2024-04-23 03:21', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0tpf6k/', 'Yikes, it\'s like the thumbs up test with the mushroom cloud.\n\n\n"Of course it\'s nothing to worry about. Because if it happens, we\'re fucked."', '1capl5y'], ['u/taribor', 32, '2024-04-23 03:23', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0tpnv9/', 'Qantum computing is a threat vector in anywhere from 2-10 years. To deny/ignore that is a serious mistake in my humble opinion. There are projects out there (disclaimer - I own QANX, a layer one quantum project but there are others as well) working to address it and if you talk to cryptographers, there are ways to mitigate near term attacks, but they involve hard forks and do nothing to secure dormant btc wallets. NSC has been on top of it as well. The old argument "when quantum hacks come we are all screwed anyway" is simply not true. Longer term, it is the old sword and shield analogy.....hackers will hack and cybersecurity will catch up, and the cycle will go on. Personally, I don\'t dwell on it but when I see intel agencies and countries taking it seriously, so do I.', '1capl5y'], ['u/F0rtysxity', 12, '2024-04-23 03:48', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0ttkd0/', "A) as other pointed out it would/could destroy any computational records.\n\nB) devs (with miners) could always agree to roll back the Bitcoin ledger to the date before the 'hack' occurred. They could develop a new level of encryption and then fork the Bitcoin ledger at the kosher date. It would be messy. Any legitimate transactions made after that date would be lost. But believe that would be the way to go about it.", '1capl5y'], ['u/analogOnly', 17, '2024-04-23 04:06', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0tw998/', "> but it's the logistics that make things difficult.\n\nNot really, EVERYONE's bitcoin would be at stake. So there's A LOT of incentive to fix it before it becomes a real problem. \nThere are several quantum resistant and quantum proof algorithms that can be utilized. It would require a hardfork, but given the danger I think it wouldn't be difficult to get consensus of everyone on the new fork.", '1capl5y'], ['u/ju5tjame5', 11, '2024-04-23 04:49', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0u2spn/', "I believed this as well before I did more research. For the past decade or so, they've been in the process of upgrading everything to a different form of encryption that can't be broken by quantum computing.", '1capl5y'], ['u/LongLonMan', 17, '2024-04-23 04:58', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0u43gy/', 'It’s closer than you think', '1capl5y'], ['u/Original_Lab628', 10, '2024-04-23 05:35', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0u92r2/', 'Bingo. This is the perfect response to a lazy parroted answer likely given by someone who knows nothing about SHA-256. \n\nBanks can upgrade overnight because they are centralized and can also reverse transactions, while Bitcoin has to fight another fork war for years before this gets decided, with no way to reverse the transactions from theft that happened during this interim period. \n\nThe fact that guy compared cracking SHA-256 to a comet wiping out the earth is just absolutely comical, especially when it’s guaranteed to happen by the end of this decade. \n\nYou asked a super legitimate question and of course, you’re getting lazy answers that parrot the mainstream view from people who know absolutely nothing about encryption and parrot what they heard from their local crypto trading bro.', '1capl5y'], ['u/Original_Lab628', 10, '2024-04-23 05:37', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0u9b1s/', 'The banks could adopt this overnight, but Bitcoiners would have to fight a multi year fork war to decide whose solution to the quantum problem is the best. Decentralization is great for censorship resistant, but not so great at dealing with existential threats because of the collective action problem.', '1capl5y'], ['u/BigTimeButNotReally', 14, '2024-04-23 06:00', 'https://www.reddit.com/r/Bitcoin/comments/1capl5y/can_someone_explain_why_quantum_computing_is_not/l0uc80z/', "Said every tech person, about every tech thing ever. I've got news for you: it's farther off than you think.", '1capl5y'], ['u/Ok-Two3581', 21, '2024-04-23 06:09', 'https:... 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:** ["• Markets climbed higher as investors get ready for a line up of mega-cap earnings.\n• Tuesday continued this week's steady rebound, after stocks fell sharply last week.\n• Tesla will report on Tuesday, followed by Meta, Alphabet, and Microsoft later in the week.\nStocks ticked higher Tuesday morning, as a lineup of mega-cap earnings this week fuels hope for a market comeback.\nThat's after the equity rally tumbled sharply last week, with rate-cut outlooks crushed by hot economic data. As monetary policy isn't expected to ease any time soon, Treasury bond yields continued to rise higher Tuesday.\nInvestors are pinning their hopes on strong earnings to kickstart a new rally, with the stock market's 10% year-to-date gain through the end of March now cut by more than half.\nOn Tuesday, markets will watch for Tesla's report after the closing bell, though its recent performance has investors on edge. Tesla stock is down over 40% year-to-date, and a first-quarter delivery flop haseroded Wall Street confidence.\nMeta's earnings are set to follow on Wednesday, after which Alphabet and Microsoft will report on Thursday.\nHere's where US indexes stood at the 9:30 a.m. opening bell on Tuesday:\n• S&P 500: 5,034.26, up 0.47%\n• Dow Jones Industrial Average: 38,341.68, up 0.27% (+103 points)\n• Nasdaq Composite: 15,544.24, up 0.6%\nHere's what else is going on:\n• The yield curve has been inverted for 18 monthswith no recession - but a slowdown still looms, a strategist says.\n• Bubble tea's surging popularity has minted a number ofChinese billionaires.\n• Investor Steve Cohen wantsSEC approval for a 24-hour trading exchange.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil dropped by 0.5% to $81.50 a barrel.Brent crude, the international benchmark, slid 0.5% to 86.58 a barrel.\n• Goldfell by 0.9% to $2,325.80 an ounce.\n• The 10-year Treasury yield rose two basis points to 4.646%.\n• Bitcoinwas down 1% to $65,990.\nRead the original article onBusiness Insider", "• Stocks accelerated their rebound after suffering heavy losses last week.\n• Investors are turning their attention to mega-cap earnings, hoping for a new rally catalyst.\n• Tesla is slated to report after Tuesday's closing bell, followed by Meta on Wednesday.\nThis week's equity comeback accelerated on Tuesday, as investors ready themselves for a number of major earnings reports.\nAlthough dashed rate-cut outlooks pummeled markets last week, attention has now shifted to the upcoming reports of high-profile companies.Teslais slated to publish after Tuesday's closing bell, with many onWall Street having misgivingsabout its performance, given its massive stock slide and first-quarter delivery disappointment.\nMeta, Alphabet and Microsoft will follow later in the week. If earnings exceed expectations, investors are hoping to jump-start another rally, with the stock market's 10% year-to-date gain through the end of March now cut by more than half.\nThrough Tuesday, around 20% of S&P 500 firms have reported earnings, with a majority beating expectations, FactSet data shows.\nHere's where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500: 5,070.54, up 1.2%\n• Dow Jones Industrial Average: 38,503.95, up 0.69% (+263.71 points)\n• Nasdaq Composite: 15,696.64, up 1.59%\nHere's what else is going on:\n• Gold couldhit $3,000 as China's central bank keeps up its buying spree, economist David Rosenberg said.\n• A 72% decline in Cathie Woods' ARK fund isaccelerating an investor exit.\n• Some retail investors got in on Nvidia early. Here's how they'respending their massive profits.\n• Markets should ready for asteep decline and a debt-led financial crisis, Leon Cooperman warns.\n• The US considers cutting off Chinese banks from financial marketsamid worrying trade with Russia.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil jumped by 21.7% to $83.32 a barrel.Brent crude, the international benchmark, gained 1.62% to 88.41 a barrel.\n• Goldslid by 0.44% to $2,321.65 an ounce.\n• The 10-year Treasury yield fell nearly two basis points to 4.605%.\n• Bitcoinslid by 0.3% to $66,577.\nRead the original article onBusiness Insider", 'Market analysts at K33 Research are cautioning that the potential return of over $9 billion worth ofBitcoinfrom the Mt. Gox era could have a negative impact on the cryptocurrency\'s price. According to Anders Helseth and Vetle Lunde, researchers at K33, the recent updates provided to Mt. Gox creditors, revealing the amount of cryptocurrency and fiat owed to them along with repayment dates, suggest that Bitcoin repayments could commence as early as next month.\nMt. Gox\'s collapse in February 2014, following a series of undetected hacks, left 127,000 creditors waiting for the return of their funds. The exchange owes them over $9.4 billion in Bitcoin, $72 million in Bitcoin Cash, and $445.8 million in fiat currency (69 billion Japanese yen). While the release of Bitcoin may not directly result in selling pressure, the sheer quantity of 142,000 BTC and 143,000 BCH involved could unsettle the market, creating what analysts refer to as an "overhang."\nThe analysts highlight that the return of Mt. Gox coins have the potential to significantly impact Bitcoin\'s price in the coming weeks. The current price of Bitcoin hovers above $66,700, but recent volatility has been attributed to various factors such as geopolitical tensions in the Middle East and the Bitcoin halving that took place on April 20.\nThe Mt. Gox trustees began contacting creditors in January to verify their identities and the crypto exchange accounts used for repayment. Some creditors have already received Japanese yen repayments, while others reported receiving additional fiat transfers in March. The final repayment deadline for base, lump-sum, and intermediate repayments is currently set for October 31, 2024, although this date may be subject to change.', 'Market analysts at K33 Research are cautioning that the potential return of over $9 billion worth ofBitcoinfrom the Mt. Gox era could have a negative impact on the cryptocurrency\'s price. According to Anders Helseth and Vetle Lunde, researchers at K33, the recent updates provided to Mt. Gox creditors, revealing the amount of cryptocurrency and fiat owed to them along with repayment dates, suggest that Bitcoin repayments could commence as early as next month.\nMt. Gox\'s collapse in February 2014, following a series of undetected hacks, left 127,000 creditors waiting for the return of their funds. The exchange owes them over $9.4 billion in Bitcoin, $72 million in Bitcoin Cash, and $445.8 million in fiat currency (69 billion Japanese yen). While the release of Bitcoin may not directly result in selling pressure, the sheer quantity of 142,000 BTC and 143,000 BCH involved could unsettle the market, creating what analysts refer to as an "overhang."\nThe analysts highlight that the return of Mt. Gox coins have the potential to significantly impact Bitcoin\'s price in the coming weeks. The current price of Bitcoin hovers above $66,700, but recent volatility has been attributed to various factors such as geopolitical tensions in the Middle East and the Bitcoin halving that took place on April 20.\nThe Mt. Gox trustees began contacting creditors in January to verify their identities and the crypto exchange accounts used for repayment. Some creditors have already received Japanese yen repayments, while others reported receiving additional fiat transfers in March. The final repayment deadline for base, lump-sum, and intermediate repayments is currently set for October 31, 2024, although this date may be subject to change.', 'The U.S. Securities and Exchange Commission (SEC) has postponed its decision on approving spot Ethereum exchange-traded fund (ETF) from Franklin Templeton, initially anticipated for May, to a new deadline of June 11.\nThe SEC also delayed the deadline for the agency’s decision on Grayscale’s spot Ethereum ETF application to June 23.\nMeanwhile, the SEC is soliciting public feedback on a revised ETF proposal from BlackRock, which now includes a cash redemption model, a change from the original direct Ethereum exchange mechanism.\nBlackRock’s proposal, initially submitted in November 2023, has been revised to better align with the SEC’s regulatory framework, mirroring the cash redemption feature of previously approved Bitcoin ETFs.\nThe SEC has maintained a cautious approach to cryptocurrency ETFs despite approving spot Bitcoin ETFs earlier in the year.\nThe Bitcoin ETFs, approved in January, have since provided investors a regulated trading vehicle for the cryptocurrency and have experienced acumulative total net inflowof US$12.42 billion.\nThe potential approval of Ethereum ETFs would provide investors with access to the second-largest cryptocurrency by market capitalization, marking another step toward the integration of digital assets into conventional investment portfolios.', '• Bitcoin and Ether were stable in the morning hours of the Asia trading day\n• The CoinDesk 20 Index is flat as traders can\'t decide on a direction to take.\nBitcoin {{BTC}} and ether {{ETH}}, the crypto market leaders, continue to trade in tight ranges as traders reassess macro conditions after halving.\nAt press time,bitcoin {{BTC}} traded above$66,600 while ether {{ETH}} changed hands at $3,240, according toCoinDesk Indicies data.\nAfter a volatile last few weeks involvingmissile strikes between two geopolitical foesand excitement about thebitcoin halving, a sense of calm has returned to the market, with bulls and bears unwilling to lead the price action.\n"After the halving, market volatility was somewhat muted," Thomas Kim, a trader at Presto, told CoinDesk. "Recent three-day realized volatility was well below the implied volatility of BTC options, and investors may still need to gauge macroeconomic variables."\nLiquidation data from CoinGlassshows that in the last 12 hours, $52.46 mi **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: 2024-04-24 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,320,155,418,712 - Hash Rate: 671772263.1512126 - Transaction Count: 606713.0 - Unique Addresses: 632356.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • The spread between bitcoin and ether’s annualized 30-day historical volatility gauges increased to the highest in at least a year, according to data tracked by Kaiko. • The spot ETF inflows and Bitcoin blockchain’s impending halving seem to have catalyzed greater volatility in BTC. Bitcoin {{BTC}}, the leading cryptocurrency by market value and trading volumes, is supposed to be relatively steady compared to other digital assets, protecting a trader’s portfolio from wild swings in the broader market. However, bitcoin has been more volatile than ether {{ETH}} recently. Bitcoin’s annualized 30-day historical or realized volatility rose to nearly 60% late last week, surpassing ether’s 30-day realized volatility by nearly 10 percentage points. That’s the highest spread in at least a year, according to data tracked by Paris-based Kaiko. Historical volatility indicates the degree of price turbulence observed over a specific period. The bitcoin-ether volatility spread flipped positive weeks after the U.S. Securities and Exchange Commission (SEC) greenlighted nearly a dozen spot bitcoin exchange-traded funds (ETFs), allowing traders to take exposure to the cryptocurrency without owning it. Since then, traders have beensquarely focused onthe activity in the spot ETFs, with net inflows breeding upside volatility in bitcoin and the broader crypto market. In the meantime, thedwindling probabilityof the SEC approving an ETH ETF by May seems to have demotivated ether traders. Bitcoin blockchain’s upcomingreward halving, a quadrennial event that reduces the pace of per block BTC emission by 50%, could be another reason for relatively higher volatility in the cryptocurrency. On April 21, the inbuilt code will reduce the per-block reward paid to miners to 3.125 BTC from 6.25 BTC, halving the miner’s revenue, which, as per ByteTree, is currently at $26 billion annually. The consensus is that halving is bullish as it halves the pace of supply expansion, creating a demand-supply imbalance in favor of a price rise, assuming the demand side remains unchanged or strengthens. Bitcoin chalked out stellar rallies, setting new record highs over 12-18 months following the previous halvings, which occurred in November 2012, July 2016, and May 2020. What’s different this time is that bitcoin has surpassed the previous bull market peak of around $69,000 weeks ahead of the halving, which makes the upcoming event all the more exciting for traders. Per Greg Magadini, director of derivatives at Amberdata, the bullish positioning ahead of the halving means potential for a “sell-the-news" pullback after the event. “The current positioning being so extended is setting the market up for a VERY interesting 'sell-the-news’ halving cycle play,” Magadini said in the weekly newsletter. “Should there be a real pullback, we stand to see excessive ∆1 [futures] OI become liquidated, volatility RR-skew to favor puts and a collapsing basis.” Magadini added that bitcoin’s options market has been pricing the halving event as well. “If we look at the options market, we see an interesting structure. A steep [IV] Contango before 4/26 and a high forward volatility kink for the 4/26 expiration. The options market is pricing in the halving event as well,” Magadini noted. The implied volatility, or IV, is the market’s guess of future realized volatility. Usually, plotting IVs for different durations or expiries produces an upward-sloping curve called a contango. A steep contango ahead of the April 26 expiry means the market is expecting elevated BTC volatility as it heads into the halving. The forward volatility suggests the same.... - 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 (AP) — The former Instagram influencer known as “Jay Mazini” whoswindled millionsof dollars from online followers and a network of Muslims during the pandemic was sentenced to seven years in prison on Wednesday, prosecutors said.\nJebara Igbara, 28, of New Jersey, had pleaded guilty to fraud charges, admitting that he created a Ponzi scheme that involved cryptocurrency frauds netting around $8 million. Prosecutors say the money funded a decadent lifestyle that included luxury cars and a lot of gambling.\nExploiting the economic chaos of the COVID-19 pandemic, Igbara leveraged connections in the Muslim community to gather investments for his firm Hallal Capital LLC, saying it would earn returns on stocks, and the reselling of electronics and personal protective equipment.\n“Shamefully, he targeted his own religious community, taking advantage of their trust in him so he could spend and gamble their hard-earned money,” said Breon Peace, U.S. Attorney for the Eastern District of New York, in a statement.\nAs he networked with high-value investors locally, Igbara amplified his online persona, reaching around 1 million Instagram followers, prosecutors said.\nHe built a following in part by filming cash giveaways, often handing stacks of money to fast food workers or everyday people checking out at Walmart. In at least one video, he handed out cash alongside rapper 50 Cent.\nViewers got the impression he was so successful he could just give money away. And his online popularity earned him even more trust from fraud victims, prosecutors said.\nBy 2020, he attracted the ire ofonline sleuthswho openly accused him of fraud, and cheered when he was arrested in 2021 on kidnapping charges. He later admitted in another case to kidnapping a potential witness to his frauds.\nBut many of his victims did turn to the FBI, according to court documents.\nAt least four people told FBI agents they sent over $100,000 in Bitcoin, on a promise of a cash wire transfer, according to court documents. One victim reported being scammed out of 50 Bitcoin, with Igbara first faking $2.56 million in a wire transfer, and later explaining away why the transfers hadn’t arrived.\nIgbara addressed the people he ripped off ahead of his sentencing on Wednesday in a Brooklyn federal court.\n“He apologized profusely to his victims,” lawyer Jeffrey Lichtman said following the sentencing Wednesday in Brooklyn.\nIgbara’s seven-year sentence for fraud will run concurrently with five-year prison sentencing for the kidnapping and includes time served since 2021, his lawyer said.\nAs part of his sentence, Igbara is ordered to pay $10 million to his victims.\nAs for “Jay Mazini,” the Instagram and other social media accounts are mostly scrubbed. But the saga lives on in compilations on YouTube, and in an episode of the 2023 documentary series “The Age of Influence.”', '• US stocks traded mostly lower on Wednesday as traders eyed the release of first-quarter GDP data.\n• Investors are sifting through earnings, with mega-cap tech results rolling in.\n• Tesla rallied Wednesday as traders cheered news of a cheaper vehicle model in the works.\nUS stocks were mostly lower on Wednesday as traders prepared for the release of first-quarter GDP data and digested the latest round of corporate earnings.\nInvestors are waiting on advanced estimates for first-quarter GDP to roll out tomorrow morning, which will give markets a sense of how strong the economy is growing and point to the Federal Reserve\'s next move.\nThe US is expected to have expanded 2.7% in the first three months of the year, according toAtlanta Fed economists, but an especially strong print would raise the risk that the Fed keeps policy tight in order to prevent inflation from gaining a foothold again.\nMarkets are pricing in just one or two rate cuts for the year, according to theCME FedWatch tool,down from as many as seven cuts seen at the start of 2024.\nInvestors are also preparing to take in more earnings results, which have been resilient so far this quarter. The S&P 500 looks on track to post7% year-per-year earnings growth, according to FactSet. Of the companies that have reported financials so far,74% have beat earnings estimates.\nFacebook parent Meta Platforms will report after the closing bell, while Microsoft and Alphabet will report results after the close on Thursday.\nTesla shares jumped 11% higheron Wednesday after the carmaker\'s latest earnings report. Revenue came in below expectations, but investors were pleased with the company\'s confirmation that a low-cost electric vehicle was set to roll out sometime next year.\nHere\'s where US indexes stood at the 4 p.m. closing bell on Wednesday:\n• S&P 500: 5,071.67, up 0.02%\n• Dow Jones Industrial Average: 38,460.92, down 0.11% (-42.77 points)\n• Nasdaq Composite: 15,712.75, up 0.1%\nHere\'s what else is going on:\n• A rare bifurcation in the US economy israising the odds of recession, one economist warns.\n• AI\'s impact doesn\'t make it immune to a crash, according to billionaire investor Howard Marks.\n• Tesla stock could see 35% upsideif it follows a four-part plan, Bank of America said.\n• Tesla is headed for a new growth phase asElon Musk is finally the "adult in the room,"Wedbush\'s Dan Ives said.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil dropped by 0.5% to $82.91 a barrel.Brent crude, the international benchmark, slipped 0.3% to 88.13 a barrel.\n• Goldedged lower to $2,332 an ounce.\n• The 10-year Treasury yield rose four basis points to 4.644%.\n• Bitcoinwas down 3.29% to $64,393.\nRead the original article onBusiness Insider', 'The Securities and Futures Commission (SFC) of Hong Kong has officially granted approval for several spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the region. The approved ETFs include ChinaAMC, Harvest, and Bosera HashKey Bitcoin and Ether ETFs, aslistedon the SFC website.\nAlthough conditional approval was granted earlier this month, the official stamp of approval sets the stage for trading to begin on April 30, as confirmed by ChinaAMC in a press release. Thomas Zhu, ChinaAMC\'s head of digital assets and head of family office business, highlighted the benefits of these spot Bitcoin and Ether ETFs, stating that they provide a regulated framework for retail and institutional investors to safely and conveniently invest in virtual assets. He also expressed expectations of robust demand for their offerings, given the growing adoption of ETFs in institutional asset allocation and retail trading in Hong Kong.\nChinaAMC and Harvest Global Investments, whose ETFs were among those approved, have confirmed that they will be utilizing digital asset platform OSL as their "sub-custodian partner." OSL stated that the conditional approval signifies substantial completion of the regulatory vetting process and that they are working intensively to ensure a smooth launch.\nWhile it remains uncertain whether investors from mainland China will be able to purchase these ETFs, the potential entry of up to $25 billion into the market is noteworthy.', 'The Securities and Futures Commission (SFC) of Hong Kong has officially granted approval for several spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the region. The approved ETFs include ChinaAMC, Harvest, and Bosera HashKey Bitcoin and Ether ETFs, aslistedon the SFC website.\nAlthough conditional approval was granted earlier this month, the official stamp of approval sets the stage for trading to begin on April 30, as confirmed by ChinaAMC in a press release. Thomas Zhu, ChinaAMC\'s head of digital assets and head of family office business, highlighted the benefits of these spot Bitcoin and Ether ETFs, stating that they provide a regulated framework for retail and institutional investors to safely and conveniently invest in virtual assets. He also expressed expectations of robust demand for their offerings, given the growing adoption of ETFs in institutional asset allocation and retail trading in Hong Kong.\nChinaAMC and Harvest Global Investments, whose ETFs were among those approved, have confirmed that they will be utilizing digital asset platform OSL as their "sub-custodian partner." OSL stated that the conditional approval signifies substantial completion of the regulatory vetting process and that they are working intensively to ensure a smooth launch.\nWhile it remains uncertain whether investors from mainland China will be able to purchase these ETFs, the potential entry of up to $25 billion into the market is noteworthy.', "• The iconic 'Buy Bitcoin' sign that was held up behind Janet Yellen was sold at an auction for 16 BTC.\n• Proceeds from the auction will go to fund a Bitcoin layer-2 startup called Tirrel Corp.\nThe iconic 'Buy Bitcoin' sign held behind Janet Yellen during her televised Congressional testimony in July 2017 has been auctioned off for 16 BTC, or just over $1 million.\nScarce.City, the auction house that facilitated the deal, said it was a record amount for the auction platform.\nThe auction itself was held at PubKey, a Bitcoin-themed bar in New York City.\nThe sign’s new owner is someone who goes by the handle of Squirrekkywrath, according to a tweet from PubKey.\nNot much is known about its new owner. The head of research at Galaxy, Alex Thorn, said he’s a “bitcoin OG that no one has ever heard of.”\nIn aprior interview with CoinDesk, Christian Langalis, who held up the sign, said the proceeds would go to fund his startup, Tirrel Corp, which is developing a Bitcoin Lightning network wallet on Urbit.\nAfter holding up the sign during a 2017 House Financial Services hearing, Langalis was escorted out of the building for violating committee rules – all the while, the image was going viral on the web.", "• The iconic 'Buy Bitcoin' sign that was held up behind Janet Yellen was sold at an auction for 16 BTC.\n• Proceeds from the auction will go to fund a Bitcoin layer-2 startup called Tirrel Corp **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: 2024-04-25 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,275,706,950,541 - Hash Rate: 630674365.8262494 - Transaction Count: 526242.0 - Unique Addresses: 633650.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • The bitcoin spot ETFs accumulated over $15 million on Monday, snapping a five-day outflow streak. • Inflows could gather pace as the quarter draws to a close, one analyst said. The Nasdaq-listed spot bitcoin {{BTC}} exchange-traded funds (ETFs) registered inflows totaling $15.4 million on Monday, ending a five-day run of outflows, according to provisional datapublished byinvestment firm Farside. Fidelity’s FBTC led the inflows, collecting $261.8 million, followed by BlackRock’s IBIT, which amassed $35.5 million. Other funds like BITB, BTCO, EZBC, and BRRR received between $11 million and $20 million each. Meanwhile, Grayscale’s ETF (GBTC) continued to bleed money, losing just over $350 million. Last week, the ETFs saw a cumulative outflow of $887.6 million, thanks to large withdrawals from GBTC. Nearly a dozen spot ETFs debuted in the U.S. on Jan. 11, allowing investors to take exposure to the leading cryptocurrency while bypassing the hassles of owning and storing the digital asset. These ETFs invest directly in bitcoin and eliminate the need to rollover positions, a key feature of futures-based ETFs that went live in October 2021. Since the spot ETFs began trading, bitcoin has risen over 50% to $70,750. On Monday, prices rose just over 4%, briefly topping the $71,000 mark. Markus Thielen, founder of 10x Research, said quarter-end flows could be stronger than usual, lifting the cryptocurrency’s price to new highs. “Bitcoin ETF flows turned around magically on Monday as Fidelity suddenly found $262m of buyers, compared to $18m, $3m, and $13m during the previous three sessions. Flows on Tuesday (30%) tend to cannibalize flows from Thursday (16%) and Friday (12%), while Monday and Wednesday (each 21%) see their fair ‘20%’ share per weekday," Thielen said Tuesday’s edition of the newsletter. “With bitcoin above $70,000, we can imagine that flows on Tuesday could also be positive again. With the quarter end, flows might be stronger than usual,” Thielen added. Thielen stressed that spot ETF inflows and issuance of dollar-pegged stablecoin tether (USDT) need to pick up for bitcoin to chart another aggressive move higher, or else the burden of the rally would fall on futures traders’ shoulders. Tether, the world’s largest dollar-pegged stablecoin, is widely used as a funding currency in the crypto spot and derivatives markets.... - Reddit Posts (Sample): [['u/LadyRaoulDukeGonzo', "My Roommate Is Mining Bitcoin But He Claim He's Doing It In A Way That Won't Make Our Electricity Bill Skyrocket. Is This Even Possible? ", 40, '2024-04-25 00:35', 'https://www.reddit.com/r/BitcoinMining/comments/1ccbsb8/my_roommate_is_mining_bitcoin_but_he_claim_hes/', 'This guy tends to bend the truth at times and I noticed he had a bunch of new computer hardware after talking about his interest in mining Bitcoin. Pretty much the only thing I know about mining is that it consumes a lot of electricity. When I asked if this would drive up the electricity bill he said some bullshit like, "oh, no thats why I have a CPU, so that it wont consume so much." Look, dude, all computers have a CPU, I\'m not that stupid. My question is, is there any hardware or something that could possibly make this true? I\'m like 99% sure he\'s full of shit but I don\'t want to put his balls in a vice on the off chance he\'s not. Sorry to sound so uninformed here, just thought I should ask.', 'https://www.reddit.com/r/BitcoinMining/comments/1ccbsb8/my_roommate_is_mining_bitcoin_but_he_claim_hes/', '1ccbsb8', [['u/TacoShopRs', 37, '2024-04-25 01:11', 'https://www.reddit.com/r/BitcoinMining/comments/1ccbsb8/my_roommate_is_mining_bitcoin_but_he_claim_hes/l14cb1w/', 'He could be mining crapcoins probably using something like Nicehash that mines the best coins with his computer and pays in Bitcoin. If he is using an actual bitcoin miner you would 100% make the electricity bill skyrocket and would be very hot and loud. \n\nIf he is using a gaming computer to mine then it would probably pull maximum 400w with the highest end pc and that’s like $30 a month at 10c/kwh.', '1ccbsb8']]], ['u/unpopularpuffin9', 'Sold my 1 bitcoin for cro. One week update', 72, '2024-04-25 03:13', 'https://www.reddit.com/r/cro/comments/1ccf7qu/sold_my_1_bitcoin_for_cro_one_week_update/', "I'm getting about 2,500 CRO/week, which is pretty good. In my local currency, that adds up to around 500$. I'm unstaking my defi, and in another few months I'll have enough to restake for icy. \n\nUp about 4% from my buy price (11.2¢ roughly) so I'm quite happy still. Talk to you guys on the one month update.", 'https://www.reddit.com/r/cro/comments/1ccf7qu/sold_my_1_bitcoin_for_cro_one_week_update/', '1ccf7qu', [['u/A3rdRanger1776', 18, '2024-04-25 05:24', 'https://www.reddit.com/r/cro/comments/1ccf7qu/sold_my_1_bitcoin_for_cro_one_week_update/l15eeq8/', 'Selling (1) BTC at ~$65,000 = ~565,000 CRO. About 113,000 CRO in earnings over (1) year, or 2350 a week. \n\nObvious my numbers are off a bit since you said 2500 CRO a week, so you probably sold your BTC higher than $65k. 👍 \n\nIf BTC goes to $100,000 in the next 365 days, you would have gained about $35,000.\n\nAlthough, if BTC did/does go to $100,000 in 365 days, obviously 🙄 CRO would follow to about .25+. If you locked in at 11.2 cents…that’s a gain of “at a minimum .08, or .14 on the high end”.\n\n.08 x 565,000 CRO = $45,200 in gains. Basically if BTC only pumps to $100k in 365 days, you made a REALLY good decision!!!!!\n\nAt .14 x 565,000 CRO = $79,100 in gains. After (1) year you could sell 565k CRO + your gains and own around 1.5 BTC 😆, if BTC is $100k.\n\nThats pretty awesome!!', '1ccf7qu']]], ['u/unpopularpuffin9', 'Sold my 1btc for CRO. Staked it for 20%. 1 week update.', 316, '2024-04-25 03:13', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/', "I'm getting about 2,500 CRO/week, which is pretty good. In my local currency, that adds up to around 500$. I'm unstaking my defi, and in another few months I'll have enough to restake for icy. \n\nUp about 4% from my buy price (11.2¢ roughly) so I'm quite happy still. Talk to you guys on the one month update.", 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/', '1ccf86r', [['u/Game_310', 56, '2024-04-25 04:25', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l1568qq/', 'Nice, 2,500 a week 🚀. I’m getting 943 Cro a week from my Icy stake and thought that was a lot lol.', '1ccf86r'], ['u/weswak89', 29, '2024-04-25 04:28', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l156ryu/', 'This guy just flexing on all of us', '1ccf86r'], ['u/unpopularpuffin9', 19, '2024-04-25 04:37', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l157z6b/', 'Seas are clear now, 51 weeks to go. A lot could happen.', '1ccf86r'], ['u/unpopularpuffin9', 27, '2024-04-25 04:37', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l15839l/', 'That is a lot! Who knows, could be financial independence level by the time we see the top of this cycle', '1ccf86r'], ['u/kemek', 11, '2024-04-25 06:01', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l15iybt/', 'You had one single BTC and traded it for CRO… Umm.', '1ccf86r'], ['u/ShibaInuMan', 11, '2024-04-25 06:16', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l15kmcd/', 'Nice! Wish we had something like that. In the U.S. we get a 1099-Misc form sent to the IRS reporting any staking rewards of $600 or more per year. Every single transaction is also reported in a 1099-K form sent to the IRS. \n\nStaking rewards= considered income and it is taxed at your regular tax bracket\n\nIf you hold your staked rewards (that you already paid income taxes on) them then sell them a year later at a higher price= capital gains taxes on the difference from the acquired price if selling at a profit.\n\ncashback rebates is not income or taxed. If you hold them and sell them later at a higher price = capital gains taxes on the difference from the acquired price if selling at a profit.', '1ccf86r'], ['u/7ivor', 103, '2024-04-25 06:22', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l15lbde/', 'Are you up in btc terms? Sold bitcoin for it, would make more sense to measure the returns against bitcoin.', '1ccf86r'], ['u/Tyranoc4', 15, '2024-04-25 06:40', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l15ndh0/', 'a lot will happen.', '1ccf86r'], ['u/-X5-', 68, '2024-04-25 06:44', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l15nrne/', 'This.\n\nI would estimate that OP is down 2% in BTC.', '1ccf86r'], ['u/Sea-Fondant3492', 61, '2024-04-25 10:22', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l167mxc/', 'Selling BTC for CRO is the worst idea I’ve ever heard in my life…', '1ccf86r'], ['u/CyberKingfisher', 12, '2024-04-25 13:56', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l16rpw0/', 'Hmm… depends on how you see it. In this bull run, BTC might do 2-3x from current price. CRO might do 5-7x, possibly more. \n\nIt would make sense to buy BTC with returns then convert CRO back to BTC after the 12 month lock in period because BTC is more stable long term. I have no doubt CRO will dump again when people take profits. It all depends on your short, medium, long term goals', '1ccf86r'], ['u/Shabuwa', 10, '2024-04-25 14:26', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l16vj3w/', 'tax bill? he left out the part that he bought the btc 3 weeks ago at 73,000 /s', '1ccf86r'], ['u/unpopularpuffin9', 21, '2024-04-25 17:57', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l17unp0/', "Thank goodness I don't live in the US. For such a large country, you'd think they'd have a tax system that makes sense to the average person.", '1ccf86r'], ['u/usernamezombie', 11, '2024-04-25 22:44', 'https://www.reddit.com/r/Crypto_com/comments/1ccf86r/sold_my_1btc_for_cro_staked_it_for_20_1_week/l192xxx/', 'Large country. Hungry politicians for tax dollars. Enormous appetite for giving away tax payer dollars across the globe.', '1ccf86r']]], ['u/ZnV1', ' Hashing explained from scratch for noobs (like me), not for chad devs #dvsj ', 280, '2024-04-25 04:41', 'https://www.reddit.com/r/webdev/comments/1cch13e/hashing_explained_from_scratch_for_noobs_like_me/', '*assuming you have no knowledge about hashes, this is me trying to explain it.* \n***note: this is NOT related to hash brownies***.\n\n# Find 5 differences between these pages 🥸\n\nI fell for a "WFH opportunity make $$$ from home comparing docs" scheme. \nI want to compare 2 pages manually. My algorithm would be:\n\n1. Take all words from the first page, take all words from the second page\n2. See if all words are the same in both pages\n\nJoking. Who has time to read everything? \nMore realistically, this is what I would do:\n\n1. Take first 2 words on the page (`good morning`), last 2 words on the page (`okay bye`)\n2. See if those 4 words are the same in both pages (`good morning`, `okay bye`)\n\n[why see all word when few word do trick?](https://preview.redd.it/uoeg5tlsfjwc1.png?width=714&format=png&auto=webp&s=3f699931b1a1f58fa0d4cc3dc186dc86dc33b8e2)\n\n**Magic!** Instead of checking all words on the page, we looked at 4 words and decided if two pages are the same. \nWe have *reduced the whole content of the page to just 4 words*, kind of like an identifier that represents the whole page. These 4 words are called the hash. \n**Hash: A short text of a particular length that represents larger text**.\n\n-----\n\n# But my algorithm sucks, right? 👎🏽\n\nObviously, *there is a high chance of false positives and duplicates*. \nAny page that starts with `good morning` and ends with `okay bye` will give us this hash. \n**When different content results in the same hash,... 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 tumbled after the first-quarter GDP report on Thursday.\n• Economic growth slowed to 1.6% in the first three months of the year, badly missing expectations.\n• Commentators pointed out that the data was still mostly strong but inflation is problematic.\nStocks fell on Thursday, with the Dow Jones Industrial Average losing 375 points as the market took in weaker-than-expected economic data.\nGrowth slowed but inflation stayed high last quarter, a discouraging sign for traders as they look for signs the Federal Reserve will soon cut interest rates. Slowing growth and high inflation is a tough scenario for the economy and hasled to "stagflation"in previous eras, like the 1970s.\nYet, several banks noted that the data is still upbeat under the surface. Barclays and Bank of America both noted that demand looks to be solid still, evidenced by sales to domestic purchases, which came in at 2.8% for the quarter.\nHowever, inflation was a nasty surprise, and the situation could be complicated even more by Friday\'s personal consumption expenditures report, which is the Fed\'s preferred measure of inflation. Bank of America analysts said that they forecast upward revisions in January and February PCE, rather than a big surprise jump in the March figure.\n"The economy will likely decelerate further in the following quarters as consumers are likely near the end of their spending splurge. Savings rates are falling as sticky inflation puts greater pressure on the consumer," LPL Financial chief economist Jeffrey Roach said.\xa0"We should expect inflation will ease throughout this year as aggregate demand slows, although the path to the Fed\'s 2% target still looks a long ways off."\nThe 10-year Treasury bond jumped five basis points to 4.704%.\nMeta tumbled Thursday, helping to drag the wider tech sector down. The social media firm delivered disappointing guidance after reporting earnings that beat estimates. Markets are awaiting results after the closing bell for Microsoft and Google parent Alphabet.\nHere\'s where US indexes stood at the 4 p.m. closing bell on Thursday:\n• S&P 500:5,048.42, down 0.5%\n• Dow Jones Industrial Average:38,085.80, down 1% (375 points)\n• Nasdaq Composite:15,611.76, down 0.6%\nHere\'s what else is going on:\n• High inflation could be with us for a whileas commodity prices see a fresh surge, the World Bank says.\n• Bill Gross said on X that investors should avoid tech, but there\'s one name he says stands out if you have to dabble in the sector.\n• A "buy bitcoin" sign scrawled on yellow legal paper sold for $1 million. It was flashed by an intern during a congressional hearing of Janet Yellen in 2017.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 1% to $83.75 a barrel.Brent crude, the international benchmark, ticked gained 1.3% to 89.18 a barrel.\n• Goldrose 0.4% to $2,347.70 an ounce.\n• The 10-year Treasury yield rose five basis points to 4.704%.\n• Bitcoinedged up to $64,586.\nRead the original article onBusiness Insider', "Payments giant Stripe hasannouncedits return to the cryptocurrency space after co-founder John Collison revealed their plan to allow merchants to receive funds in the form of the USD Coin (USDC) stablecoin. According to Collison, the “transactions instantly settle on-chain and automatically convert to fiat” and will begin as soon as this summer.\nBusinesses utilizing Stripe's technology will have the capability to accept payments made in USDC, the second-largest stablecoin in the crypto market and the sixth-largest cryptocurrency by market capitalization. By embracing USDC, Stripe aims to empower its users by facilitating global transactions and providing customers with easy, fast, and secure payment options, regardless of their access to traditional banking services or credit cards.\nJohn Egan, the head of crypto at Stripe, expressed enthusiasm about the integration of stablecoin payments, highlighting the potential to enhance merchants' reach and offer their customers a seamless payment experience. Stripe plans to initially support USDC transactions on the Ethereum, Solana, and Polygon networks, with additional network compatibility to be announced closer to the launch date.\nThis move marks Stripe's reentry into the crypto landscape after its initial foray in 2014 when it became one of the earliest major companies to accept Bitcoin payments. However, the company discontinued its crypto services in 2018 due to rising costs on the Bitcoin blockchain. Despite this setback, Stripe remained optimistic about cryptocurrencies as a whole.", 'An exceptionally rare satoshi, the smallest unit ofBitcoin, has been sold for 33.3 Bitcoin (BTC), equivalent to approximately $2.13 million. The saletook placeon the cryptocurrency exchange CoinEx Global on April 25, five days after it was mined by Bitcoin mining pool viaBTC in block 840,000 on April 20, marking the fourth Bitcoin halving.\nThis unique satoshi, known as an "epic sat," was auctioned off with 34 bids received before an unidentified bidder secured ownership rights to "sat number 1,968,750,000,000,000." The runner-up bidder offered 20 Bitcoin for the rare sat, but ultimately lost the auction.\nCoinEx announced the successful conclusion of the auction, highlighting that it represented more than just a bidding event. They emphasized that the sale symbolized community recognition and the widespread embrace of Bitcoin.\nThe concept of epic sats stems from the Ordinals number system, which assigns a unique sequence number to each satoshi based on mining timestamps. Since there have been four Bitcoin halvings, only four of these rare sats exist.\nWhile an ordinary satoshi is currently valued at $0.00065, certain sats hold greater collectible value due to their unique identifiers. The scarcity of these sats is enhanced by the periodic events within the Bitcoin network.', 'An exceptionally rare satoshi, the smallest unit ofBitcoin, has been sold for 33.3 Bitcoin (BTC), equivalent to approximately $2.13 million. The saletook placeon the cryptocurrency exchange CoinEx Global on April 25, five days after it was mined by Bitcoin mining pool viaBTC in block 840,000 on April 20, marking the fourth Bitcoin halving.\nThis unique satoshi, known as an "epic sat," was auctioned off with 34 bids received before an unidentified bidder secured ownership rights to "sat number 1,968,750,000,000,000." The runner-up bidder offered 20 Bitcoin for the rare sat, but ultimately lost the auction.\nCoinEx announced the successful conclusion of the auction, highlighting that it represented more than just a bidding event. They emphasized that the sale symbolized community recognition and the widespread embrace of Bitcoin.\nThe concept of epic sats stems from the Ordinals number system, which assigns a unique sequence number to each satoshi based on mining timestamps. Since there have been four Bitcoin halvings, only four of these rare sats exist.\nWhile an ordinary satoshi is currently valued at $0.00065, certain sats hold greater collectible value due to their unique identifiers. The scarcity of these sats is enhanced by the periodic events within the Bitcoin network.', 'The famous \'Buy Bitcoin\' sign, written on a yellow notepad, that became an iconic symbol during Janet Yellen\'s Congressional testimony in July 2017 has beensoldin an auction for 16BTC, amounting to just over $1 million. The auction, facilitated by Scarce.City, achieved a record-breaking amount on the platform.\nThe auction event took place at PubKey, a Bitcoin-themed bar located in New York City, adding a touch of cryptocurrency ambiance to the proceedings. The buyer of the sign is an individual known by the online alias Squirrekkywrath, as confirmed in a tweet by PubKey. Not much is known about the new owner, but Alex Thorn, the head of research at Galaxy, describes them as a "bitcoin OG that no one has ever heard of."\nChristian Langalis, the person who held up the famous sign, said that the proceeds from the auction would be directed towards funding his startup, Tirrel Corp. The company is actively developing a Bitcoin Lightning network wallet on Urbit, an open-source operating system.\nLangalis gained attention during a House Financial Services hearing in 2017 when he defiantly displayed the \'Buy Bitcoin\' sign. However, his actions resulted in him being escorted out of the building for violating committee rules. Nevertheless, the image of the sign quickly spread across the internet, going viral and capturing the imagination of the crypto community.', 'The famous \'Buy Bitcoin\' sign, written on a yellow notepad, that became an iconic symbol during Janet Yellen\'s Congressional testimony in July 2017 has beensoldin an auction for 16BTC, amounting to just over $1 million. The auction, facilitated by Scarce.City, achieved a record-breaking amount on the platform.\nThe auction event took place at PubKey, a Bitcoin-themed bar located in New York City, adding a touch of cryptocurrency ambiance to the proceedings. The buyer of the sign is an individual known by the online alias Squirrekkywrath, as confirmed in a tweet by PubKey. Not much is known about the new owner, but Alex Thorn, the head of research at Galaxy, describes them as a "bitcoin OG that no one has ever heard of."\nChristian Langalis, the person who held up the famous sign, said that the proceeds from the auction would be directed towards funding his startup, Tirrel Corp. The company is actively developing a Bitcoin Lightning network wallet on Urbit, an open-source operating system.\nLangalis gained attention during a House Financial Services hearing in 2017 when he defiantly displayed the \'Buy Bitcoin\' sign. However, his actions resulted in him being escorted out of the building for violating committee rules. Nevertheless, the image of the sign quickly spread across the internet, going viral and capturing the imagination of the crypto community.', "Road Town, British Virgin Islands **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: 2024-04-26 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,255,214,088,478 - Hash Rate: 578118168.6740619 - Transaction Count: 442347.0 - Unique Addresses: 664327.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.70 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Though many of the top asset managers and investors are investing in, or at least open to crypto and Bitcoin, a few remain hesitant to adopt the asset. Most prominent among the anti-Bitcoin camp is legendary investor Warren Buffett. Buffett's strategy of investing in solid companies that continuously generate cash and value has been hugely successful. This has allowed his company Berkshire Hathaway Inc. to sustain itself through market peaks and troughs. Don't Miss: • If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today. • About 22% of the adult population in the U.S. own a share of Bitcoin,how much would $10 get you today? Buffett is notorious for his anti-Bitcoin stance, saying in a 2018 interview with Yahoo! Finance, "If you buy something like Bitcoin or some cryptocurrency, you don’t really have anything that has produced anything. You’re just hoping the next guy pays more." At the 2022 Berkshire shareholders meeting, Buffett explained his stance on Bitcoinsaying, "If you told me you own all of the Bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything." Buffett is against Bitcoin and crypto in general. However, this stance does not entirely translate into his company's investments. Berkshire Hathaway is heavily invested in Brazilian fintech Nu Holdings Ltd. The investment was its strongest performer in 2023. Founded in 2013, Nu initially offered low-cost bank accounts and personal loans through a format that was much more digitized than its competitors. In 2022, the company launched Nucripto, which allows users to buy and sell more than 15 tokens. While its crypto business makes up a somewhat small portion of its revenue, it still operates in the crypto sphere, and its customer base continues to grow. It also launched its own cryptocurrency called Nucoin. Buffett had invested $500 million in Nu Holdings through a series G funding round before the company went public in December 2021. A few months later, Buffett increased his stake by another $250 million, resulting in a total investment of $750 million. The investment has paid off. Nu is up nearly 50% in 2024 alone and recently set all-time highs. This is also coming off a strong 2023, in which the stock was up nearly 100%. These huge gains could shift Buffett's focus toward crypto. Seeing the profits earned on a crypto-related business could cause the investor to rethink his strategy and stance on crypto. Bitcoin has outperformed most major indices so far in 2024. The token is up nearly 70% in 2024, well above the S&P 500, which is up just over 10% in 2024. With Bitcoin and crypto entering the spotlight again, lots of eyes are on Berkshire Hathaway and Buffett as they contemplate whether to continue investing in Bitcoin-adjacent businesses or even the tokens themselves Read Next: • Bitcoin To $100,000?Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast. • Large boom in cryptocurrency and metaverse interest as BTC skyrockets —has Apple Vision Pro increased the demand for virtual real estate?. "ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now! Get the latest stock analysis from Benzinga? • APPLE (AAPL): Free Stock Analysis Report • TESLA (TSLA): Free Stock Analysis Report This articleDespite Warren Buffett's Warnings Calling Bitcoin 'Rat Poison,' Berkshire Hathaway Continues Profiting Off Cryptooriginally appeared onBenzinga.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - 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:** ['On the evening of April 19, the much-anticipatedBitcoin(CRYPTO: BTC)halving finally took place. Crypto investors around the world celebrated, and for good reason. There have been three previous halving events, and each one has resulted in a new bull market cycle for Bitcoin.\nSo is thehalvinggoing to send the price of Bitcoin soaring again this year? I think so, and here\'s why.\nMany investors may not realize this, but Bitcoin was actually created as a backlash to the financial crisis of 2008.Satoshi Nakamoto, the pseudonymous creator of Bitcoin, blamed irresponsible fiscal and monetary policy for the crisis, and sought to create a new type of digital asset that would be "sound money."\nWith that in mind, Nakamoto built the unique halving mechanism into the original Bitcoin algorithm. A halving occurs after 210,000 blocks have been added to the Bitcoin blockchain, and that\'s approximately once every four years. As soon as the 210,000th block has been added, the mining reward for adding any new blocks is cut in half.\nAnother way to think about this is that Bitcoin is the only asset in the world with its own monetary policy. The halving mechanism carefully controls how much new Bitcoin can be created at any time. It also places a hard cap on how much Bitcoin can ever be created, which is 21 million coins.\nAll this is done to make Bitcoin as inflation-resistant as possible, a feat that even the most talented central bankers have never fully mastered. According toCoinbase Global(NASDAQ: COIN), Bitcoin is now a "programmatically disinflationary asset." In other words, Bitcoin is literally programmed to resist inflation. So, if you are looking for a long-term store of value, it\'s Bitcoin.\nThe second reason I\'m buying Bitcoin is because there is a very high probability that Bitcoin will soar in value after April 19. There have been three previous Bitcoin halving cycles, and in each one, Bitcoin has soared to a new all-time high. Some of the gains have been truly astounding. For example, in the previous halving cycle, Bitcoin soared from $10,000 in May 2020 to $69,000 in November 2021.\nOf course, past performance is no guarantee of future performance, so there is a chance that Bitcoin may not soar as high in value this time around. Coinbase recently modeled the results of the three previous halving cycles, and found that the effect of each halving appears to be diminishing over time. This makes sense, given that we\'re getting closer and closer to the 21 million hard cap, with 19.7 million bitcoins currently in circulation.\nBut there is something very different this time around with the fourth Bitcoin halving, and that\'s the recent introduction of the new spot Bitcoin ETFs. This introduces an entirely new source of Bitcoin demand, and will likely help to prop up the price of Bitcoin if there is any selling pressure after the halving. In fact, some crypto traders think that we\'re already facing a potential "supply squeeze" in terms of available Bitcoin, and the halving could force the price of Bitcoin higher, simply on the basis of supply and demand.\nAll this leads me to think that we\'re going to get a similar type of price dynamic to what we\'ve seen in past Bitcoin halving cycles. According to Coinbase, Bitcoin rallied 923% in the six months after the first halving, 37% in the six months after the second halving, and 82% in the six months after the third halving. So it\'s certainly within the realm of possibility that Bitcoin might pass the $100,000 level sometime this year. Given Bitcoin\'s current price of $65,000, that would imply a rally of approximately 50%.\nAs Bitcoin goes increasingly mainstream, it should start to behave more and more like a traditional financial asset. That means less volatility, more correlation with stocks and bonds, and greater price dependence on the overall macroeconomic environment. As a result, there could be less explosive upside than we\'re used to seeing with Bitcoin in previous halving cycles.\nWhile Bitcoin may no longer be able to 100x or 1,000x in value as easily as it once did, it should still be able to increase 10x in price over the next decade. And that could be a conservative estimate. Cathie Wood of Ark Invest now thinks Bitcoin is going to blow past the $1 million price level sometime before 2030.So, if you\'re thinking about investing in Bitcoin, buckle up and enjoy the ride.\nBefore you buy stock in Bitcoin, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $506,291!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of April 22, 2024\nDominic Basultohas positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and Coinbase Global. The Motley Fool has adisclosure policy.\nBitcoin Just Halved Its Mining Reward. Here\'s Why I\'m Buying Nowwas originally published by The Motley Fool', 'On the evening of April 19, the much-anticipatedBitcoin(CRYPTO: BTC)halving finally took place. Crypto investors around the world celebrated, and for good reason. There have been three previous halving events, and each one has resulted in a new bull market cycle for Bitcoin.\nSo is thehalvinggoing to send the price of Bitcoin soaring again this year? I think so, and here\'s why.\nMany investors may not realize this, but Bitcoin was actually created as a backlash to the financial crisis of 2008.Satoshi Nakamoto, the pseudonymous creator of Bitcoin, blamed irresponsible fiscal and monetary policy for the crisis, and sought to create a new type of digital asset that would be "sound money."\nWith that in mind, Nakamoto built the unique halving mechanism into the original Bitcoin algorithm. A halving occurs after 210,000 blocks have been added to the Bitcoin blockchain, and that\'s approximately once every four years. As soon as the 210,000th block has been added, the mining reward for adding any new blocks is cut in half.\nAnother way to think about this is that Bitcoin is the only asset in the world with its own monetary policy. The halving mechanism carefully controls how much new Bitcoin can be created at any time. It also places a hard cap on how much Bitcoin can ever be created, which is 21 million coins.\nAll this is done to make Bitcoin as inflation-resistant as possible, a feat that even the most talented central bankers have never fully mastered. According toCoinbase Global(NASDAQ: COIN), Bitcoin is now a "programmatically disinflationary asset." In other words, Bitcoin is literally programmed to resist inflation. So, if you are looking for a long-term store of value, it\'s Bitcoin.\nThe second reason I\'m buying Bitcoin is because there is a very high probability that Bitcoin will soar in value after April 19. There have been three previous Bitcoin halving cycles, and in each one, Bitcoin has soared to a new all-time high. Some of the gains have been truly astounding. For example, in the previous halving cycle, Bitcoin soared from $10,000 in May 2020 to $69,000 in November 2021.\nOf course, past performance is no guarantee of future performance, so there is a chance that Bitcoin may not soar as high in value this time around. Coinbase recently modeled the results of the three previous halving cycles, and found that the effect of each halving appears to be diminishing over time. This makes sense, given that we\'re getting closer and closer to the 21 million hard cap, with 19.7 million bitcoins currently in circulation.\nBut there is something very different this time around with the fourth Bitcoin halving, and that\'s the recent introduction of the new spot Bitcoin ETFs. This introduces an entirely new source of Bitcoin demand, and will likely help to prop up the price of Bitcoin if there is any selling pressure after the halving. In fact, some crypto traders think that we\'re already facing a potential "supply squeeze" in terms of available Bitcoin, and the halving could force the price of Bitcoin higher, simply on the basis of supply and demand.\nAll this leads me to think that we\'re going to get a similar type of price dynamic to what we\'ve seen in past Bitcoin halving cycles. According to Coinbase, Bitcoin rallied 923% in the six months after the first halving, 37% in the six months after the second halving, and 82% in the six months after the third halving. So it\'s certainly within the realm of possibility that Bitcoin might pass the $100,000 level sometime this year. Given Bitcoin\'s current price of $65,000, that would imply a rally of approximately 50%.\nAs Bitcoin goes increasingly mainstream, it should start to behave more and more like a traditional financial asset. That means less volatility, more correlation with stocks and bonds, and greater price dependence on the overall macroeconomic environment. As a result, there could be less explosive upside than we\'re used to seeing with Bitcoin in previous halving cycles.\nWhile Bitcoin may no longer be able to 100x or 1,000x in value as easily as it once did, it should still be able to increase 10x in price over the next decade. And that could be a conservative estimate. Cathie Wood of Ark Invest now thinks Bitcoin is going to blow past the $1 million price level sometime before 2030.So, if you\'re thinking about investing in Bitcoin, buckle up and enjoy the ride.\nBefore you buy stock in Bitcoin, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best 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: 2024-04-27 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,241,592,570,169 - Hash Rate: 613155633.4421867 - Transaction Count: 452967.0 - Unique Addresses: 673970.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.67 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: In what could be the most pivotal year for Bitcoin since it was invented, Muneeb Ali, CEO of Trust Machines and co-creator of the Stacks blockchain, thinks the network's scalable layer 2s are poised for a breakout. This isn’t just because bitcoin (BTC) has been setting new all-time highs on a weekly basis recently — largely driven by the introduction of spot BTC exchange-traded funds (ETFs) — but because, more and more, people are using the first cryptocurrency for its intended purpose: as money. The introduction of the Ordinals protocol, the rise of Bitcoin-based BRC-20 tokens and the increasing sophistication of the network’s“smart contracts” via things like BitVMhave all contributed to the reinvigoration of Bitcoin’s “fee economy,” i.e. the price paid to make a BTC transaction. In other words, people are not just buying and holding bitcoin anymore, but using it. “Yes, the larger use case remains that bitcoin is a savings technology,” Ali told CoinDesk in an interview. Ali is a veteran developer who got his start working on one of Satoshi Nakamoto’s interests, creating an on-chain domain naming system called theBitcoin Name Service(BNS) in 2014. “But if you're talking about $1.4 trillion in [deployed Bitcoin] capital, if people keep 80% of that in savings, there's still hundreds of billions of dollars of BTC that's available” to be put to productive use. Ali predicts that most of this action will happen on Bitcoin layer 2s like Lightning, LayerTwo Labs’s“drivechains”or secondary solutions like Stacks, which are all attempts to solve the same problem of scaling Bitcoin and making it more affordable to use. It’s conceivable in the future that there could be daily bitcoin users who never send an on-chain transaction on the base layer, he said. CoinDesk caught up with Ali last week to discuss Stacks’ long-in-the-works Nakamoto upgrade, what he appreciates about other app-optimized networks like Ethereum and Solana and the “revival of interest in Bitcoin layer 2s.” The following interview has been lightly edited and abbreviated. Stacks has been around for a long time, and, to your credit, it has continually innovated. The upcoming Nakamoto upgrade has been in progress for a few years. Answer honestly: Has Stacks built up technical debt — or were there decisions you made earlier that limit what you can do today or that make certain things more difficult? There's definitely technical debt from a code perspective, right? If you already have a code base, and you're upgrading it, there's friction when making changes live and in production. I'll give you an example: Today, there's $1.4 billion in STX capital that is locked in consensus right now. The first thing that's going to happen is that people are going to unlock their capital and lock it in the new consensus protocol — that’s $1.4 billion getting unlocked in one place and moved, versus just launching a new system. At the same time, I would emphasize that this is exactly the type of challenge that Bitcoin layer 2s should be able to take on. It’s what makes the whole system durable. L2s move fast. Bitcoin is not going to change much. L2s are innovative and open to making rapid changes. After a while it becomes part of their culture. These days, I'm seeing “XYZ ecosystem” have a cadence of one major upgrade every six months: That would be very healthy for Bitcoin. Fragmentation of layer 2s on Ethereum is an emerging issue for that network. Are you thinking that Bitcoin is going to need layer 3s eventually? We are already seeing this. Stacks has this thing called Bitcoin subnets — the work is done but it was never really fully launched because there's so much focus on Nakamoto right now. The basic concept is to use Stacks to do the logic and security in the middle in between subnets, which could be more permissioned, while putting all of the state from the subnet onto the Bitcoin layer 1. This allows you to use BTC liquidity. That's exactly the type of stuff that people call layer 3s, where you can reuse bits and pieces of different L1 and L2 components. We’re developing these SDKs [software development kits] that can help developers use Stacks subsets to — I'll give you an example. Let's say someone wants to use the Bitcoin layer 1 as the data availability layer, but the huge signer network that Stacks has, with its $1.4 billion locked today, its decentralized group of signers and 30+ institutions. So they can pick and choose to use the signers from the L2 to build an interesting application. That's an interesting area as things become more modular, and we will definitely be keeping an eye on whether Stacks emerges as a leading L2 that can be reused in quote unquote L3s. I think that's something developers will really like. Is this able to communicate with Lightning? Not a lot of people know this, but Stacks is already connected with Lightning. There is this protocol called LNSwap that can swap satoshis on Lightning to assets on Stacks using an atomic swap. You can begin to extend that functionality because Stacks is almost like a routing layer for subnets. Anything Stacks has been connected to subnets are connected to, which is a huge benefit. What do you make of the state of the oracle ecosystem on Bitcoin? Some of the direct conversations that I've had with oracle developers is about how they find it hard to be directly integrated with Bitcoin. That’s common: Bitcoin has an eloquent scripting language, but it’s really hard to work with and it’s limited in what it can do. Interestingly, Stacks has a type of oracle service where through the mining process, people get a native feed of the BTC/STX price pair, because that bidding is happening on-chain — it’s like an on-chain oracle for STX/BTC prices. Some people find that interesting. I will say right now, oracles on Bitcoin L1 are sort of limited. They mostly work, let's say we have some off-chain oracle that controls a multisig — they're not state of the art oracles like on Ethereum or Solana. On L2s, Pyth [Network, a cross-chain oracle solution] is already live and other oracles are coming as well that can try to fill that gap as best as possible. It’ll be a huge step forward because it sort of connects the dots and allows for more expressive contracts that have full functionality like Solana or Ethereum. It would dramatically increase the programmability of Bitcoin. Are there unseen dangers to increasing the programmability of a system designed to be rather limited? There’s a version of this debate playing out already with Ordinals and the like. I think, withBitVM, there was an accidental discovery that Bitcoin is already Turing complete. There’s a caveat: these programs are pretty inefficient to build. It's technically true that with BitVM you can pretty much build any application. But the reality is nowhere close to having full smart contracts. Because BitVM programs are mostly off-chain, they're not directly impacting anything — just the proving steps are happening on bitcoin L1, which are pretty limited. If Bitcoin changed its script to something like EVM that would be a drastic change, right? Like you suddenly open yourself up to all sorts of things. With BitVM, yes there are new features, but it’s pretty limited. That said, withTaprootwe have seen that even with limited additional functionality, people can build new things. So I definitely think people will try a lot of new things. What I am excited about with BitVM are very targeted applications, because it's usually an inefficient way of writing a program. For example, a trustless bridge. A trustless bridge is actually not impacting the L1 that much at all because all the functionality lives on the L2. That's a great use of BitVM because the L1 is still protected. People might try to do other things with BitVM as well. But it's a very heavy load, all these programs are very complicated and inefficient. There’s a claim to make that you're the Bitcoin maxi who most closely follows developments happening on other chains. Is there anything at all that you admire about Ethereum or Solana? It’s actually interesting, right? I was with some other Bitcoin people and it was sort of surprising to me how little they follow happenings elsewhere in the industry. I'll give you a concrete example where I think there could be a benefit. Everyone wants to support Bitcoin Core development; they are doing thankless work and there should be better ways of supporting them. I brought up the point that these other ecosystems actually have very bright engineers. Algorand, for example, has PhDs from MIT — like really smart people who have built a real blockchain and have experience running production systems. But there's no good way of learning from their experiences. How do you hire and retain these people? How do you incentivize them? The rest of the blockchain ecosystem is actually pretty competitive. When we try to hire Core devs for Trust Machines, we compete with Solana Labs and Avalanche. It's a very competitive market, but Bitcoin is missing in action. Like, they're not even playing that game. There are a ton of lessons that can be taken from the rest of the industry that can be funneled into Bitcoin Core, that can make core development more efficient, better funded, with better talent. You probably get a version of this question and every interview you do, but all available evidence suggests people want to hold bitcoin. 70% of addresses are unmoved. Flows into ETFs suggest that people are putting bitcoin into long term savings. Why believe the Bitcoin smart contracts space will ever grow as large as Ethereum? I do get that question a lot. The way I think about this is: I have my bitcoin savings in cold storage and some capital that I want to experiment with. That capital could be ETH capital or SOL capital — but it just as easily can be BTC capital. The simple fact is it’s much better to have BTC capital — that's the division, right? And people spend bitcoin. People fo... - 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:** ['Personal growth goe\xads hand in hand with facing challenges.In a recent YouTube video, financial expert Tony Robbins had a chat with investing legend Ray Dalio. In 1975, Dalio founded theinvestmentmanagement firm Bridgewater Associates. Fast forward four decades and Bridgewater Associates has grown to be the largest hedge fund in the world, managing over 160 billion dollars. They discussed six key steps to creating billion-dollar success.\nFor You:Tony Robbins: 10 Passive Income Ideas To Build Your FortuneTry This:6 Genius Things All Wealthy People Do With Their Money\nSponsored:Protect Your Wealth With A Gold IRA. Take advantage of the timeless appeal of gold in a Gold IRA recommended by Sean Hannity.\nHere are six steps to take if you’re looking for mega financial success, according to Robbins and Dalio:\nRobbins expressed that life\xad’s biggest chances come from tough time\xads. He stresses making the most of the\xadse moments. Struggles te\xadst your creativity and character. At the same time, crises can le\xadad to breakthroughs, which means that many struggles are really just opportunitie\xads in disguise.\nRobbins and Dalio spoke about the effects of market crashe\xads. They’re opinion is to seek balance\xad and practice some market timing at the same time. Balanced investing means dive\xadrsifying your assets in order to hedge financial losses due to market swings. It was highlighted that a combination of adjusting investments when the marke\xadts drop, taking chances, and reducing risks can all make a difference for your finances.\nBitcoin, the original cryptocurrency that took the world by storm, remains a highly speculative and volatile asset. While\xad crypto tech continues to advance, it’s crucial to take caution and avoid speculating reckle\xadssly with Bitcoin. Be sure to carefully understand blockchain principles and the risks associated withcryptocurrenciesbe\xadfore investing.\nFrom Dalio’s exhaustive\xad study on successful people such asJeff Bezosand Elon Musk, Robbins highlights some shared traits of these individuals. Each of these successful industry leaders have a captivating vision, they’re practical, and the\xady always persevere\xad against all odds. Robbins stresse\xadd the importance of being open-minded and maintaining a willingness to learn from others. To achieve similar success, becoming skille\xadd at forming partnerships and balancing individual strengths is key.\nRobbins and Dalio stress making principled choices for pe\xadrsonal and shared growth. They highlighted the importance of having cle\xadar individual principles. Being open-minde\xadd should always be coupled with disagreeing respe\xadctfully. By aligning your personal and shared principle\xads with others, people can connect de\xadeper which results in a stronger ability to navigate challenge\xads.\nRobbins highlights how having principles guide\xads our personal and work lives. He says we\xad should think about principles that matter to us and we should cle\xadarly express those principle\xads. To achieve success, our actions should always align with our principles. Whe\xadn making decisions based on principles, you\xad grow stronger, you build good relationships, and you can clearly pursue what you’re aiming for.\nMore From GOBankingRates\n• 6 Expensive Costco Items That Are Definitely Worth the Cost\n• 5 Unnecessary Bills You Should Stop Paying in 2024\n• 5 Reasons You Should Consider an Annuity For Your Retirement Savings\n• 10 New Cars to Avoid Buying in 2024\nThis article originally appeared onGOBankingRates.com:Tony Robbins: 6 Billion-Dollar Success Strategies', "There aren't many assets that have outperformedBitcoin(CRYPTO: BTC). In the past five years, it has skyrocketed more than 1,100% (as of April 23). That far outpaced theNasdaq Compositeindex, for example.\nTo be clear, I'mstill bullish on the top cryptocurrency. Even at its current price of roughly $66,700, which is 10% off the peak, it looks like a smart buying opportunity.\nHowever, I believe it's always a good idea for investors to understand the bear case for any asset they own or are considering.\nThe most obvious thing that could put a bearish headwind in the way of this booming crypto would be governments putting strict regulatory measures in place around it. Countries could make it illegal for their citizens to buy Bitcoin, or for anyone to mine it within their borders -- effectively banning it. This is exactly what China has done.\nIf the U.S. ever followed a similar approach, that would mean the richest country on Earth was excluding itself and its citizens and businesses from legally supporting Bitcoin. This could crush the crypto's price by alienating a massive pool of capital.\nBut why would governments want to ban Bitcoin? Bitcoin is a direct competitor to central banks across the world. These entities control benchmark interest rates and fiscal policy, which largely means they control their nations' money supply. As a decentralized monetary network that transcends borders, Bitcoin can undermine this power.\nHowever, the Securities and Exchange Commission's recent approval ofspot-price Bitcoin exchange-traded funds(ETFs) in the U.S. might reveal a more favorable regulatory stance, both from Washington and Wall Street.\nWe also can't ignore technical risks. Bitcoin has been around for about 15 years, butblockchain technologyis still a novel innovation. We don't know what changes developers have in store for the Bitcoin network, which leaves plenty of uncertainty as to how it might look 15 years from now. Those changes could have consequences for the stability and trustworthiness of Bitcoin generally.\nAdmittedly, Bitcoin's software is intentionally simple, and the system is designed so that the majority of nodes need to approve any proposed changes. If there's any risk that an update could break something, the hope is that such a change would be rejected. Nevertheless, there's always a chance that a problem could get through.\nAnother factor that adds technical uncertainty is the potential of quantum computing. A number of companies and research groups are developing new supercomputers that leverage quantum mechanics to solve certain types of extremely complex problems vastly faster than traditional machines. Some of these problems -- in cryptography, for example -- are viewed as more or less unsolvable by standard computers in any useful time frame.AlphabetandMicrosoftare among the major companies working on this technology.\nIf the technical challenges of quantum computing can be overcome, such machines would likely be able to crack the Bitcoin network's cryptography, shredding its security features. Everyone's private keys -- and their Bitcoin -- would be at higher risk of being stolen. And if the public loses confidence in Bitcoin's security as an asset, its value would be in trouble.\nTo put a positive spin on this scenario, developers could also use quantum computing to develop a new and improved security mechanism for the crypto. In other words, Bitcoin could adapt.\nAnother risk that I see is so far flying under the radar in the investing world. There's always the possibility that people will simply lose interest in Bitcoin as time passes. Many individual and institutional investors, as well as corporations and governments, have gravitated to the asset over the past decade. But that has mainly been because its price has continued to go up, despite a lot of volatility along the way.\nI suspect that if Bitcoin doesn't continue satisfying its owners' desires for rapid gains, then over time, money could flow out of crypto and back to traditional asset classes like stocks and real estate. Those outflows would further depress prices, and disappointing results would discourage new investors from buying Bitcoin.\nThe counter to this thesis is that over the past 15 years, Bitcoin has remained relevant. The longer it continues to, the more I believe that it's not going anywhere.\nEven after weighing these compelling bear-case arguments, I'd say Bitcoin bulls should have even more conviction.\nBefore you buy stock in Bitcoin, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $537,557!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of April 22, 2024\nSuzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.Neil Pateland his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Bitcoin, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has adisclosure policy.\nThis Phenomenal Crypto Has Skyrocketed by 1,100% in the Past 5 Years. Here's the Bear Case You Need to Understandwas originally published by The Motley Fool", 'Investing insmall cap stockstends to be more risky than large caps, but over the long course of history, small-cap stocks have outperformed their large cap peers -- and by a significant margin. And that makes sense: After all, it\'s easier for a small company to grow by leaps and bounds than it is for an already-large company.\nOf course, that hasn\'t been the case for a while. In fact, we\'ve just gone through an extraordinary period in which large cap stocks have outperformed small cap stocks for the second longest stret **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: 2024-04-28 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,258,117,937,238 - Hash Rate: 613155633.4421867 - Transaction Count: 487521.0 - Unique Addresses: 509501.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.65 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: One of the most interesting aspects of crypto is that every transaction and portfolio is public. While it can be hard to determine which wallets belong to whom, many crypto analysts constantly cross-reference on-chain data with celebrity news. Rappers in particular have been some of the most involved with crypto, with Snoop Dogg, Jay-Z and Eminem leading the charge. Don't Miss: • If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today. • About 22% of the adult population in the U.S. own a share of Bitcoin,how much would $10 get you today? Snoop Dogg has been active in the non-fungible token (NFT) space, mostly in 2021 when he purchased a handful of NFTs. Snoop Dogg spent 4,185.5 Ethereum (ETH) tokens in 2021 on five NFTs: • "Right-click and Save As Guy" for 1,600 ETH in December 2021 • "Some Asshole" for 1,300 ETH in September 2021 • "CryptoPunk #3831" for 850 ETH in July 2021 • "Destiny" for 225 ETH in October 2021 • "Fidenza #351" for 210.5 ETH in September 2021 Snoop Dogg likely spent around $15 million to acquire the NFTs. The collection is currently worth between $5 million and $10 million. Snoop Dogg created his own NFT project in 2022. Called "Snoop's Stash Box," the project sold around 9,000 NFTs for $5,000 each, allowing the rapper to bring in $45 million in less than a week. Jay-Z is another prominent rapper with NFTs. His most expensive NFT is CyberPunk 6095, which he bought for 55 ETH in April 2021. At the time, the price of ETH was around $2,500, meaning that Jay-Z spent approximately $137,000 on the CryptoPunk. The floor price for the CryptoPunks is currently around 40 ETH. However, Jay-Z's NFT has some unique traits, so could be worth closer to 50 ETH, meaning it could be worth around $175,000. Jay-Z has also been a venture investor in several crypto firms through his VC, Marcy Ventures. The firm has invested in notable crypto companies, such as MoonPay and Ledger. Eminem has also been a notable investor in crypto. In June 2021, he bought Bored Ape 9055, which features a hat that the rapper often wears, a large chain and a gold jacket. Eminem r paid 123.45 ETH for the NFT in June 2021. At the time, the purchase cost around $300,000. The Bored Ape Yacht Club NFT collection currently has a floor price of around 12 ETH, which is around $45,000. However, the unique traits of Eminem's Bored Ape mean that it could be worth closer to $100,000. The public nature of the blockchain has allowed for an unprecedented amount of information on the financial standings of celebrities. Other notable wallets that have been discovered range from former President Donald Trump to comedian Dave Chappelle. Read Next: • Bitcoin To $100,000?Here’s what gold bug Peter Schiff said could happen on Anthony Pompliano’s podcast. • Bitcoin has jumped another 45% already this year –how much would you need to get started today? "ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now! Get the latest stock analysis from Benzinga? • APPLE (AAPL): Free Stock Analysis Report • TESLA (TSLA): Free Stock Analysis Report This articleJay-Z, Eminem And Snoop Dogg's Crypto Portfolios Revealed: Who Owns The Most?originally appeared onBenzinga.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - 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:** ['ELLWANGEN, GERMANY / ACCESSWIRE / April 28, 2024 /AstroPepeXannounces the successful completion of aCertik auditfor its pioneering digital asset, $APX, marking a significant milestone in cryptocurrency security. This achievement emphasizes AstroPepeX\'s dedication to ensuring the highest standards of safety and reliability in the digital finance sector.\nThe Certik audit, renowned for its rigorous security assessments, confirms that $APX adheres to essential safety protocols and is free from common vulnerabilities that could lead to security breaches. This certification is crucial as it assures users and investors of the robustness of AstroPepeX\'s blockchain technology and its resistance to manipulation and fraud.\nAstroPepeX has taken a bold step by removing human oversight from $APX operations, thereby enhancing the token\'s security and decentralization. This move ensures that no single entity can control or alter the token\'s trajectory, embodying the true spirit of decentralized finance.\nThe integration of advanced AI in the creation and management of $APX paves the way for a new era in the cryptocurrency landscape. This approach not only enhances transaction security but also positions AstroPepeX as a leader in the movement towards more autonomous financial systems.\nWith the Certik audit certification, AstroPepeX continues to build trust within the cryptocurrency community, ensuring that $APX remains a secure and reliable investment. This development is expected to attract further attention and adoption from across the globe, reinforcing the robust infrastructure and innovative approach of AstroPepeX.\nFor additional information about AstroPepeX and the $APX token, please visithttps://astropepe.io\nAbout AstroPepeX\nAstroPepeX stands at the forefront of integrating AI with blockchain technology, offering revolutionary solutions that enhance the security and efficiency of cryptocurrency transactions. Committed to pushing the boundaries of what blockchain technology can achieve, AstroPepeX continues to lead innovations that empower secure, decentralized financial systems.\nAstropepeX stands as the singular project worthy of the title "Bitcoin of AI," surpassing traditional AI-driven tokens. By embracing decentralization and relinquishing control, it echoes Bitcoin\'s ethos, embodying a future where AI reshapes finance autonomously and impartially.\nMEDIA CONTACT\nContact Person: Goran GolubicCompany: AstroPepeXEmail:[email protected]:https://astropepe.io\nTelegram:https://t.me/apxethDISCORD:https://discord.gg/uVSdDdF9DgAPP:https://aiis.devCoinMarketCcap:https://coinmarketcap.com/currencies/astropepex/CoinGecko:https://www.coingecko.com/en/coins/astropepex\nSOURCE: AstroPepeX\nView the originalpress releaseon accesswire.com', 'ELLWANGEN, GERMANY / ACCESSWIRE / April 28, 2024 /AstroPepeXannounces the successful completion of aCertik auditfor its pioneering digital asset, $APX, marking a significant milestone in cryptocurrency security. This achievement emphasizes AstroPepeX\'s dedication to ensuring the highest standards of safety and reliability in the digital finance sector.\nThe Certik audit, renowned for its rigorous security assessments, confirms that $APX adheres to essential safety protocols and is free from common vulnerabilities that could lead to security breaches. This certification is crucial as it assures users and investors of the robustness of AstroPepeX\'s blockchain technology and its resistance to manipulation and fraud.\nAstroPepeX has taken a bold step by removing human oversight from $APX operations, thereby enhancing the token\'s security and decentralization. This move ensures that no single entity can control or alter the token\'s trajectory, embodying the true spirit of decentralized finance.\nThe integration of advanced AI in the creation and management of $APX paves the way for a new era in the cryptocurrency landscape. This approach not only enhances transaction security but also positions AstroPepeX as a leader in the movement towards more autonomous financial systems.\nWith the Certik audit certification, AstroPepeX continues to build trust within the cryptocurrency community, ensuring that $APX remains a secure and reliable investment. This development is expected to attract further attention and adoption from across the globe, reinforcing the robust infrastructure and innovative approach of AstroPepeX.\nFor additional information about AstroPepeX and the $APX token, please visithttps://astropepe.io\nAbout AstroPepeX\nAstroPepeX stands at the forefront of integrating AI with blockchain technology, offering revolutionary solutions that enhance the security and efficiency of cryptocurrency transactions. Committed to pushing the boundaries of what blockchain technology can achieve, AstroPepeX continues to lead innovations that empower secure, decentralized financial systems.\nAstropepeX stands as the singular project worthy of the title "Bitcoin of AI," surpassing traditional AI-driven tokens. By embracing decentralization and relinquishing control, it echoes Bitcoin\'s ethos, embodying a future where AI reshapes finance autonomously and impartially.\nMEDIA CONTACT\nContact Person: Goran GolubicCompany: AstroPepeXEmail:[email protected]:https://astropepe.io\nTelegram:https://t.me/apxethDISCORD:https://discord.gg/uVSdDdF9DgAPP:https://aiis.devCoinMarketCcap:https://coinmarketcap.com/currencies/astropepex/CoinGecko:https://www.coingecko.com/en/coins/astropepex\nSOURCE: AstroPepeX\nView the originalpress releaseon accesswire.com', "After months of continuous inflows, the surge of cash pouring into Bitcoin exchange-traded funds (ETFs) has come to a halt.Accordingto data from London-based investment firm Farside Investors, investors withdrew nearly $218 million from these products yesterday.\nThis significant cash outflow coincides with a crucial federal economic report indicating that the American economy experienced slower growth than anticipated in the first quarter. As a result, it is unlikely that the Federal Reserve will lower interest rates in the near future, following their recent increase to combat inflation. High interest rates do not bode well for risk-on assets like Bitcoin, as investors would rather place their funds in high yield and stable investment opportunities.\nIn January, the Securities and Exchange Commission approved 11 Bitcoin ETFs, allowing investors to gain exposure to the cryptocurrency by purchasing shares that track Bitcoin's price through brokerage accounts. These ETFs have garnered immense popularity, with substantial amounts of money flowing into the products shortly after their launch.\nHowever, after a continuous inflow period lasting 71 days, no new funds entered IBIT yesterday. Additionally, Grayscale's ETF experienced a loss of $139.3 million, while Fidelity's fund (FBTC) saw an outflow of $23 million, marking the first decline in assets since its launch.\nBitcoin (BTC)currently stands at $62,313, reflecting a 2.62% decline over the past 24 hours. The leading cryptocurrency is down 5.27% in the past week, and is down 15.16% from the all-time highs of $73,750 reached on March 14, 2024.", "After months of continuous inflows, the surge of cash pouring into Bitcoin exchange-traded funds (ETFs) has come to a halt.Accordingto data from London-based investment firm Farside Investors, investors withdrew nearly $218 million from these products yesterday.\nThis significant cash outflow coincides with a crucial federal economic report indicating that the American economy experienced slower growth than anticipated in the first quarter. As a result, it is unlikely that the Federal Reserve will lower interest rates in the near future, following their recent increase to combat inflation. High interest rates do not bode well for risk-on assets like Bitcoin, as investors would rather place their funds in high yield and stable investment opportunities.\nIn January, the Securities and Exchange Commission approved 11 Bitcoin ETFs, allowing investors to gain exposure to the cryptocurrency by purchasing shares that track Bitcoin's price through brokerage accounts. These ETFs have garnered immense popularity, with substantial amounts of money flowing into the products shortly after their launch.\nHowever, after a continuous inflow period lasting 71 days, no new funds entered IBIT yesterday. Additionally, Grayscale's ETF experienced a loss of $139.3 million, while Fidelity's fund (FBTC) saw an outflow of $23 million, marking the first decline in assets since its launch.\nBitcoin (BTC)currently stands at $62,313, reflecting a 2.62% decline over the past 24 hours. The leading cryptocurrency is down 5.27% in the past week, and is down 15.16% from the all-time highs of $73,750 reached on March 14, 2024.", '• Bitcoin and ether trade lower as Asia begins its business week.\n• There are mixed bullish and bearish market signals as the week begins.\nCrypto markets are in the red amid renewed fears of U.S. stagflation, aworst-casescenariofor risk assets.\nBitcoin {{BTC}}, the leading cryptocurrency by market value, traded near $62,400 at press time, down 2.5% on a 24-hour basis,according to CoinDesk Indices data.Ether {{ETH}}traded 3% lower at $3,200, and theCoinDesk 20 (CD20), a measure of the most liquid digital assets, was down 2.6% at 2,197 points.\nThe market appears to be on a precipice right now as it debates which direction to take, with significant bullish and bearish narratives on the horizon.\nAs QCP wrote in a note over the weekend, the threat of stagflation – a period of high inflation and low growth – is very real.\n"The weaker than expected [U.S.] GDP print points to a more sluggish economy while the higher Core PCE warns of an inflation problem that continues to be a thorn in the Fed\'s side," QCP wrote.\nLast week\'s U.S. GDP report showed the world\'s largest economy grew at anannualized rate of 1.6%in the first quarter **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: 2024-04-29 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,231,479,925,462 - Hash Rate: 573738485.5780463 - Transaction Count: 403064.0 - Unique Addresses: 603796.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.67 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: “Show me the money.” The notorious phrase from 1996’s “Jerry Maguire” movie is on the lips of investors watching the state of the Bitcoin mining market as it faces its next crunch point: April's Bitcoin Halving. Mining, an integral part of securing the bitcoin network, requires a lot of capital to operate profitably. And now, after a brutal crypto winter and with the upcoming halving next month, many investors have turned sour on what once was an outrageously profitable business, drying up capital for the miners. This feature is part of CoinDesk’s“Future of Bitcoin” packagepublished to coincide with the fourth Bitcoin “halving” in April 2024. To bring investors back and keep them on-board, miners will need to upgrade to more efficient mining machines, cut costs, have a prudent risk management strategy and participate in deal-making that will enhance shareholder value, industry observers say. “I think the next evolution [for mining investors] is there'll be a lot more scrutiny on how you're deploying capital and what the return on that investment is for these companies,” said Asher Genoot, the new CEO of bitcoin mining firm Hut 8. He added that any company “that is not able to execute on that [return on investment] will suffer because shareholders won't trust them with money and you'll have capital flowing to others, that people really trust and are willing to support.” Read more:Bitcoin Halving, Explained Gaining investors' trust could be tough, but not impossible if a company knows which options to utilize correctly, Genoot said. In the last bull market of 2021, investors poured money into miners who were able to show that they had invested money to grow their business — regardless of the capital cost. This led to miners buying assets at high prices and borrowing more debt than was serviceable. When the bear market hit in the second half of 2022, shares of publicly-traded miners imploded, leading investors to drop the stocks altogether. Even now, as the digital assets market starts another bull run, investors are still shying away from the miners, starving the industry of capital it needs to stay profitable and grow their businesses. The main concern among the investors is the risk the miners will face heading into April’s halving event: competing for the block reward that will be slashed in half. Many investors now hope to gain their bitcoin exposure through spot bitcoin exchange-traded funds (ETFs), which are less uncertain than bitcoin mining stocks. One of the first options miners can use to stay profitable when the halving cuts reward by half is to have mining machines that can consume less power but have higher computing ability i.e. more efficient rigs. Buying new generations of miners ahead of a potential post-halving bull market is crucial for miners to stay profitable, bitcoin mining equipment and hosting provider Blockware Solutions said in a research report. “Miners who embrace the halving and capitalize on bear market prices for hardware stand to reap substantial rewards, with shorter ROI [return on investment] periods and enhanced profitability throughout the halving epoch,” the report said. The miners have already started to deploy capital to upgrade their mining fleet, heading into the halving. Most recently, Riot Platforms (RIOT) said itspent nearly $100 millionto buy new generations of MicroBT’s mining rigs to increase computing power while raising efficiency. But just buying more efficient machines may not be enough for miners. A machine can be more efficient, but if it costs more, miners will need to evaluate if it is worth maintaining and running the older machines or buying new ones, Hut 8’s Genoot said, noting that miners need to consider “how quickly can you get your dollars deployed” when thinking about investing in new mining rigs. Amanda Fabiano, founder of Fabiano Consulting and former head of mining at Galaxy, agrees with Genoot. It may make sense for some miners to continue to upgrade to newer model mining rigs, but a deeper dive into the cost of mining is needed to make that decision. “If someone is on the mid-curve of the cost curve, they likely will continue to upgrade their fleet. If a miner has a low cost of electricity and can have some energy arbitrage, older gen machines aren’t a terrible idea,” she said. The cost of powering mining rigs is another key consideration. “By positioning ourselves on that lower end of the operating cost curve, we basically make ourselves in a position where, irregardless of what happens with mining revenues or transaction fees, we're going to be in a position that's going to be profitable for modeling purposes,” Ben Gagnon, chief mining officer of Bitfarms (BITF), said duringfourth quarter earnings call. A miner can buy cheap mining rigs that are new and more efficient, but if they aren’t plugged in with a cheap source of power, miners won’t be profitable, failing to gain investors' confidence. “Miners [mining machines] aren’t scarce today. You can buy new ones, buy used ones or take someone else’s order over, but there isn’t a lot of scarcity value. What is scarce is the access to power,” said Greg Beard, Stronghold Digital Mining’s (SDIG) CEO. Stronghold’s solution is its own power plant that turns “coal refuse,” a material left over from coal mining, into power at its wholly-owned Scrubgrass and Panther Creek power plants in Pennsylvania. Power management is one of the key battlegrounds for running a profitable mining company. “It's your ability to manage energy in real-time,” Genoot said. Aside from managing the cost of power, miners can also deploy other creative solutions to hedge their revenue post-halving. One is “production hedging” — something traditional commodity firms have done to eliminate pricing volatility. Just like an oil and gas producer or a corn farmer, digital asset miners can use derivatives to lock in the price of their mined bitcoin to hedge against any potential downside. Some options are already out there, including Luxor Technologies’ derivativesproductsthat aim to aid miners use hashrate derivatives — a type of financial product tied to the mining of bitcoin — to help with hedging activities. Read more:Crypto Miners Are Pivoting to AI (Like Everyone Else) However, these hedges are complex and may pose some challenges for miners, because of their lack of liquidity. “While there are several positive aspects associated with using such derivative products, they also pose a multitude of challenging problems, potentially contributing to the scarcity of sell-side offerings and a simultaneous lack in buy-side activity,” Galaxy's mining analysts, led by Brandon Bailey, wrote in aresearch note. Miners can mitigate such liquidity concerns by using other risk management strategies such as “options, costless collars, and forwards,” Galaxy said, noting that “these straightforward structures are highly liquid and boast quick execution times.” Additionally, miners can opt-in to diversify their revenue stream by using their data centers to host other customers, including artificial intelligence and cloud computing. During the trenches of crypto winter, some miners have already started to do so to mitigate revenue risks. One theme that comes up repeatedly when talking about halving and survival of miners is the prospect of more mergers and acquisitions (M&A). As CoinDesk has reported, the halving will lead strong miners to devour smaller, less efficient miners, unleashing a survival of the fittest dynamic. Read more:Bitcoin Halving Is Poised to Unleash Darwinism on Miners Industry observers and participants agree, calling the strategy one of the crucial levers that miners can pull to stay profitable post-halving. “Operational excellence and SG&A cost will become more important for all miners, but especially the public [listed] mines. I personally think M&A season will continue — consolidation and shifts in strategies leading up to and post the halving,” said Fabiano. Hut 8’s Genoot echoed this. “I think opportunities will come up, smaller operators will realize that they can't get the count forward, they can't compete as much at scale, and larger companies will continue to consolidate,” he said. Miners, includingHut 8,CleanSpark(CLSK),Marathon(MARA), have all started to buy up assets from other miners to stay ahead of the competition. However, given increased investor scrutiny, miners will likely seek buying opportunities that can provide a good return on investment. “I think you will see consolidation this year related to how do you make more money and acquire someone that has the power limit on the overhead [cost]” to create a deal that will add value for the shareholders, said Stronghold’s Beard. Bitfarm’s Gagnon cautioned that consolidation has to make sense for the shareholders. “It needs to be at the right cost and it needs to add strategic value,” he said. “We believe that finding surplus, low-cost electricity, preferably renewable, is the long-term benefit to the company. So if somebody else has developed something that makes sense to us and we can get it at the right price strategically, then we're happy to layer it in,” Gagnon added. Read more:Bitcoin Soared to an All-Time High. So Why Aren't Miners Blasting Off, Too?... - Reddit Posts (Sample): [['u/btctrader12', 'The market only goes up. The sooner you accept this the better ', 2244, '2024-04-29 00:12', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/', 'The long term history of the stock market is not due to chance or randomness. We were not merely “lucky” in any sense. It is not true that anyone who invests in the market gets “lucky”. The long term trend of up is completely explainable and has a very simple cause.\n\nThe cause is that most people don’t sell. It’s just not an activity that most market participants do. More importantly, there are many people who invest into the market in stages or in a variety of different stocks. Some of them systematize this by buying a portion of their salary. There’s even a strategy called DCA (Daily Cost Averaging) where people buy a certain amount of their favorite stock or crypto every single day. This is very common in Bitcoin. There is rarely ever an equivalent of a DSA (Daily Sell Averaging) because most people simply do not sell things day to day. \n\nSo on any given day, unless there is some sort of impending news or a sudden reason that can cause panic, most sell volume is simply bots. People are not regularly selling stocks every day. It is simply **not** a thing. Now, of course, most buy volume is also bots but it is unquestionably true that there are many, if not **exponentially**, more “real” buyers than sellers on any given day. \n\nPointing out how a few crappy companies have always went down long term doesn’t invalidate any of this. The main reason that happens is not because people are selling that stock every day. It’s because there is no reason left for people to buy because the company is crappy. ', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/', '1cfipv0', [['u/vandysatx', 20, '2024-04-29 00:20', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pdb2x/', 'I like the cut of your jib matey. Full port 0 dte calls on Monday.', '1cfipv0'], ['u/NotAGoodUsername36', 200, '2024-04-29 00:23', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pdorq/', 'I think we accidentally got a post from 1924, guys.', '1cfipv0'], ['u/blackjack_bull', 44, '2024-04-29 00:26', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pe3g7/', 'The big perspective shift for people is if someone here can post the statistics for when the banks, large traders, and companies dumped their shares during the market’s many crashes. I want to see how much of the loss is retail.', '1cfipv0'], ['u/cranialrectumongus', 457, '2024-04-29 00:26', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pe4bf/', 'Yes, and as John Menard Keynes once said "In the long run we are all dead,. "', '1cfipv0'], ['u/cranialrectumongus', 14, '2024-04-29 00:28', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pehqb/', 'I believe that Mr. Keynes just entered the chat.', '1cfipv0'], ['u/Meanie_Cream_Cake', 62, '2024-04-29 00:29', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pel7d/', "This line of thinking doesn't work with trading options.\n\nYou need to know when to dip out and when to buy back in.", '1cfipv0'], ['u/Individual-Point-606', 1691, '2024-04-29 00:34', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pfa0e/', "There's actually an explanation why the SnP500 keeps going up for decades: it keeps adding profitable big companies and let em go wen they become unprofitable . So basically they rebalance the thing to have the best businesses there, ofc other external factors (rates, wars, covid,etc) play a role", '1cfipv0'], ['u/miners915tx', 11, '2024-04-29 00:34', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pfaee/', "I know this us r/wallstreetbets and not some r/investing sub but what about leaps? Yes you're paying a ton for any contracts ITM but I'd guess its about as safe as anything out there...even calls on spy at the beginning of covid turned a profit a year or less agmfter the initial draw down", '1cfipv0'], ['u/neutralpoliticsbot', 704, '2024-04-29 00:36', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pfm60/', 'bingo S&P constantly adjusting and changing 75% of S&P is different from 15 years ago.', '1cfipv0'], ['u/gnocchicotti', 38, '2024-04-29 00:37', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pfsx1/', 'The market always goes up the day after your calls expire. The sooner you accept this the better', '1cfipv0'], ['u/klauskinski79', 39, '2024-04-29 00:37', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pftu6/', "Let me provide a picture of the Japanese stockmarket. Adjusted for inflation it's far below where it was 35 years ago\n\nhttps://www.marketwatch.com/investing/index/nik?countrycode=jp", '1cfipv0'], ['u/Zajebanii', 46, '2024-04-29 00:37', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pfurd/', 'There’s like 200 stocks delisted every year. You still have to pick good companies and monitor their growth', '1cfipv0'], ['u/BlindSquirrelCapital', 317, '2024-04-29 00:39', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pg1cr/', "They thought the same thing about the Nikkei in the late 80's when Japan was supposed to overtake America as an economic powerhouse. At then end of the day it boils down to technology, productivity and demographics over the long term. Luckily the US over the past 200 years has been blessed with all of these things together with an abundance of natural resources. Will the next decade or the next 50 years yield the same results? I think so and hope so but nothing is guaranteed for any market or country, especially given our debt levels.", '1cfipv0'], ['u/HaveFunWillTravel69', 11, '2024-04-29 00:40', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pg7ss/', 'Oh honey. Your asshole is going to be so raw after this week destroys you. Get sone KY Jelly before open.', '1cfipv0'], ['u/ApplicationJunior832', 23, '2024-04-29 00:41', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pgc1i/', "Also because the world's economy has been overall growing over the last several decades, along with inflation and money supply. Money has to go somewhere, and lots get to the stock markets.\nHard to make predictions for the decades to come, let's just hope it keeps going like this", '1cfipv0'], ['u/Individual-Point-606', 670, '2024-04-29 00:44', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pgsop/', 'SnP is like the playboy mansion: wen tits begin losing to gravity they are invited to leave.', '1cfipv0'], ['u/Acrobatic_Feel', 14, '2024-04-29 00:46', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1ph5m0/', 'So only the Mag 7, got it 👍', '1cfipv0'], ['u/No_Difficulty_3116', 34, '2024-04-29 00:46', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1ph5pk/', 'Sometimes you have to wait 10 years before talking again about gains. the current graph looks too hyped up and every finfluencer screams that every regard should throw his money also in just any index. But im too regarded too wait for a bigger crash/correction', '1cfipv0'], ['u/JustmeandJas', 14, '2024-04-29 00:47', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1ph89g/', 'Survival of the fittest', '1cfipv0'], ['u/Meanie_Cream_Cake', 23, '2024-04-29 00:49', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1phmkg/', "Two reasons why LEAPS are also not safe: Theta decay and the markets in a prolonged downturn.\n\nYour LEAPS won't be worth as much (or become worthless) if the markets are red for a long time. That's why you plan a stop-loss and get the eff out if things don't look right.", '1cfipv0'], ['u/DeliriousPrecarious', 28, '2024-04-29 00:52', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1pi2qt/', 'Ok. Japan didn’t have people. That’s the difference.', '1cfipv0'], ['u/BlindSquirrelCapital', 30, '2024-04-29 00:54', 'https://www.reddit.com/r/wallstreetbets/comments/1cfipv0/the_market_only_goes_up_the_sooner_you_accept/l1piagh/', 'Pick up a history book for once. The immigration that happened through the course of our history is what made this country an economic powerhouse since we had abundant labor pools with which to build the railroads, buildings and work in the factories. Japan was and still is very stringent on immigration and they have far more older people than productive younger people and thus the young are supporting a large portion of the population. The illegal immigration is a problem and a more orderly system should have been put in place years ago but to think that this country and much of its success was not built on immigrants from Ireland, China and elsewhere over the last two hundred years is just plain ignorant. Given the declining birthrates we better not fall into the same trap as Japan or we may be headed for the same outcome.', '1cfipv0'], ['u/lolfunctionspace', 21, '2024-04-29 00:56', 'https://ww... 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(NASDAQ: MSTR)Q1 2024 Earnings CallApr 29, 2024,5:00 p.m. ET\n• Prepared Remarks\n• Questions and Answers\n• Call Participants\nShirish Jajodia\nHello, everyone, and good afternoon. I am Shirish Jajodia, vice president of investor relations and treasury at MicroStrategy I\'ll be your moderator for MicroStrategy\'s 2024 first quarter earnings webinar. Before we proceed, I will read the safe harbor statement. Some of the information we provide during today\'s call regarding our future expectations, plans, and prospects may constitute forward-looking statements.\nActual results may differ materially from these forward-looking statements due to various important factors, including the risk factors discussed in our most recent 10-K file with the SEC. We assume no obligation to update these forward-looking statements which speak only as of today. Also, during today\'s call, we will refer to certain non-GAAP financial measures. Reconciliations showing GAAP versus non-GAAP results are available in our earnings release and presentation, which were issued today and are available on our website at microstrategy.com.\nBefore you buy stock in MicroStrategy, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and MicroStrategy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $537,557!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of April 22, 2024\nI would like to welcome you all to today\'s webinar and let you know that we will be taking questions using the Q&A feature at the bottom of your screen. You can submit questions throughout the webinar and Michael, Phong, or Andrew will answer questions at the end of the session. Please be sure to provide your name and your company\'s name when submitting your questions. Now, I\'ll walk you through the agenda for today\'s call.\nFirst, Phong Le will cover the business results and the key pillars of our strategy. Second, Andrew Kang will cover the financial results for the first quarter of 2024. Then, Michael Saylor will provide a strategic review and discuss our recent bitcoin market updates. And lastly, we will open up to Q&A.\nWith that, I will turn the call over to Phong Le, president and CEO of MicroStrategy.\nPhong Le--President and Chief Executive Officer\nThanks, Shirish. Hello, everyone. I\'d like to welcome all of you to today\'s webinar. We\'re excited to be reporting live from MicroStrategy World 2024 in Las Vegas, Nevada.\nWe have a packed agenda lined up for the next three days, and we\'re excited to see our customers, partners, analysts, shareholders, and employees, all in person to share our passion for BI, AI, bitcoin, and innovation. The business intelligence track tomorrow will feature my keynote presentation titled, "Let the Data Life Blood Flow," and we\'ll explore how to create more innovative, competitive, high-performing organizations by using AI and BI to make smart data more accessible to the frontline employees. Our chief product officer, Saurabh Abhyankar, will share the latest MicroStrategy technologies for delivering convenient, flexible, and reliable data within operational workflows, not just in dashboards, to everyone who needs it. The keynote presentation will feature guest speakers from Microsoft, Amazon Web Services, Bayer Pharmaceuticals, the U.S.\nDepartment of State, and Vuori. Throughout MicroStrategy World, more than 30 top brands, including MassMutual, Pfizer, Fannie Mae, Victoria\'s Secret, and NBC Universal, will present how they use the MicroStrategy platform, gen AI, and the cloud to become truly data-driven businesses. The Bitcoin for Corporations track on Wednesday and Thursday will feature notable institutions and industry luminaries, highlighting the advantages of integrating bitcoin as a part of their corporate treasury and product offerings. It will be a unique gathering of corporations that are already adopting or looking to adopt bitcoin strategies.\nAnd we are very excited to host this event. Also, for the first time, we will live stream our world keynote, as well as all the Bitcoin for Corporation sessions. For those of you attending the conference here in Las Vegas, we look forward to seeing you in person. Turning to the business highlights for Q1 2024, MicroStrategy remains the largest corporate holder of bitcoin in the world, now holding 214,400 bitcoin, with a total bitcoin market value of $14 billion as of yesterday.\nSince December 31st, 2023, we acquired an additional 25,250 bitcoin for a total purchase cost of $1.6 billion, an average price of $65,232. This past quarter, the price of bitcoin appreciated significantly, spurred notably by the approval of the spot bitcoin exchange-traded products or ETPs, which has drawn considerable institutional attention. We believe the introduction of spot bitcoin ETPs further evidences the maturation of bitcoin as an institutional grade asset class with broader regulatory recognition and institutional adoption. We remain highly committed to our bitcoin strategy with a long-term focus.\nAndrew will provide further details on our bitcoin purchase activity for this quarter. MicroStrategy is also positioned as the world\'s largest independent publicly traded business intelligence company. Our objective is to grow in AI and cloud-powered BI software. We have over 1,800 employees focused on our software business, devoted to achieving our vision of intelligence everywhere.\nIn the first quarter of 2024, we continue to shift toward -- we continued our shift toward our cloud offering, resulting in subscription services revenues of $23 million, an increase of 22% year over year. A strong growth in our subscription services revenue was driven by both existing customer migrations to the cloud and new customer needs. Our customer renewal rate continues to remain high, and our subscription billing has remained strong. Overall, we continue to see further global adoption of our cloud platform as a result of transitioning our business strategy and product offerings from an on-prem perpetual license software company to a cloud native organization.\nOur key strategic goals in 2024 are to grow cloud, innovate with AI, and increase profitability. Customers can benefit from a range of innovative first-to-market AI powered functionality powered by the Azure OpenAI LLM. Capabilities include: Auto SQL, which allows users to generate SQL using natural language; Auto Dashboard, which allows natural language generation and new visualizations; Auto Answers, which allows customers to ask questions of their data sets and dashboards; Auto Expert, which allows users to ask questions of our MicroStrategy knowledge base and log support tickets on our website; and our Custom Auto Bot, which enables end users to access BI insights from within a custom bot, stand-alone, or embedded in any application. We also just launched Auto Express, which offers a simple way to trial our AI capabilities in minutes.\nIn April, MicroStrategy ONE became available on Google Cloud marketplace, in addition to prior deployments on Azure and AWS, allowing enterprises to easily find and deploy this cloud-native platform. Additionally, we expect to provide the ability to deploy MicroStrategy in a private cloud later this year. This will distinguish us from other BI platforms with the flexibility and automation that enterprise customers desire. We believe such investment and capability will encourage current on-prem customers to embrace the benefits of MicroStrategy, clouds such as containerized architecture, proactive cloud management from experts, seamless backups, and single-click updates.\nTransitioning our customer base to the technology of the future remains a key focus, and our resource deployment underscores our commitment to the cloud-first approach. As customers and prospects move to the cloud to empower their AI-driven digital transformations, we expect to see a continued decrease in product license revenues, which will in part be offset by increases in subscription services revenues. This will be most pronounced in the balance of 2024. This may result in a decrease in total recognized revenue in the short term.\nBut in the long run, we expect it to be more than offset by increases in subscription services revenue. Additional benefits include more engaged customers using our very latest software, higher retention rates, and ultimately more recurring revenues. As we discussed last quarter, MicroStrategy considers itself to be the world\'s first bitcoin development company. We are a publicly traded operating company committed to the continued development of the bitcoin network through our activities in the financial markets, advocacy, and technology innovation.\nAs an operating business, we are able to use cash flows, as well as proceeds from equity and debt financing, to accumulate bitcoin, which serves as our primary treasury reserve asset. We also bring our enterprise analytics software development capabilities to develop bitcoin applications. We believe that the combination of our operating structure, bitcoin strategy, and focus on technology innovation provides a unique opportunity for value creation. Being an operating company, our software technology business remains our core revenue and cash flow generator.\nIn addition, it also enables us to acquire bitcoin through the use of excess cash or proceeds from equity capital raises or corporate debt capital raises. These capital market l **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: 2024-04-30 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,249,108,692,525 - Hash Rate: 617535316.5382024 - Transaction Count: 498085.0 - Unique Addresses: 635509.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.67 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: In a recent report, digital asset fund manager CoinShareshighlightedthat the influx of cash into cryptocurrency funds, which has been driving upBitcoin's price, may start to taper off. Last week alone, $646 million entered major funds focused on digital asset investment, pushing the total inflows for 2024 to a record high of $13.8 billion. While Grayscale's Bitcoin Trust (GBTC) continued to experience outflows after its conversion to an exchange-traded fund (ETF) in January, investors showed interest in other Bitcoin-focused funds. BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund received new investments, indicating a continued appetite for Bitcoin exposure. Although Bitcoin remained the primary focus for investment inflows, CoinShares noted that investor enthusiasm for these products is starting to moderate. However, as anticipated by experts, including CoinShares, the outflows from GBTC are expected to slow down. As investors redeem shares they were previously unable to sell when GBTC operated as a closed-end fund, the pace of outflows is likely to decrease. CoinShares' report also highlighted that while European crypto funds offering exposure to digital assets like Solana and Litecoin experienced inflows, Ethereum funds witnessed cash withdrawals for the fourth consecutive week. Bitcoin is currently trading at $71,316, slightly below its all-time high of $73,737 reached in March. BTC gained 6.84% in the past week as the Bitcoin halving, set for April 20, is approaching.... - Reddit Posts (Sample): [['u/General_Station_2474', 'Most haunted places in Chula Vista?', 13, '2024-04-30 00:11', 'https://www.reddit.com/r/chulavista/comments/1cgc3kx/most_haunted_places_in_chula_vista/', '\nHey!\n\nWe are Raven and the Dark Shadows, a rock band out of Miami Beach, Florida. \n\nWe are coming touring North America and Europe in July for a small tour that culminates in the first musical performance at the Catacombs since 1897 as part of the 2024 Paris Olympic Opening Ceremonies. \n\nLeading up to our historic performance, we are looking to have concerts in unique, out of the box spaces. Something like a barn, former church, dungeon, castle, ruin, field, or classic dive bar would work wonderfully. We will be filming both music video and documentary footage in these places.\n\nSince Reddit has always been a great forum for us to find places we are wondering if you guys had any suggested small venues that could work for a small performance. We also were wondering if anyone here would like to help out and be extras in the film (we have extra masks). If interested in being an extra, please send a PM.\n\nFor those of you not aware of our music, check us on Spotify (we are on Apple and YouTube as well)\n\nhttps://open.spotify.com/track/4RjbTc4D5mD4yJ1uCpIwgW?si=H20phUXfS-qK-3RmUq4Rpg', 'https://www.reddit.com/r/chulavista/comments/1cgc3kx/most_haunted_places_in_chula_vista/', '1cgc3kx', [['u/Da_Floydsta', 10, '2024-04-30 01:19', 'https://www.reddit.com/r/chulavista/comments/1cgc3kx/most_haunted_places_in_chula_vista/l1uzur7/', 'amphitheater at memorial park', '1cgc3kx'], ['u/Specific_Woodpecker1', 12, '2024-04-30 02:12', 'https://www.reddit.com/r/chulavista/comments/1cgc3kx/most_haunted_places_in_chula_vista/l1v7qdk/', 'whaley house in old town. or drive out to proctor valley road', '1cgc3kx']]], ['u/MoonWeek', 'Moon Week 48 and the return of governance flair icons', 11, '2024-04-30 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/1cgcwyi/moon_week_48_and_the_return_of_governance_flair/', "Hello everyone and welcome to Moon Week for round 48 of Moons! For more information about Moons, please [see our wiki page here](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki).\n\nWe are using Snapshot for voting directly with the Moon balance in your wallet, in a transparent and open manner. For now all Moons held in self-hosted wallets at the time of poll creation will be eligible to vote, so if you are holding Moons on an exchange, the telegram TipBot or in a wallet that you are not comfortable connecting to snapshot then please be sure to transfer your Moons to a self-hosted wallet that you are comfortable connecting to snapshot before each Moon Week. You can [see our schedule here](https://calendar.google.com/calendar/embed?src=i0e5as6q033nruqck5c9nfk24k%40group.calendar.google.com).\n\nTo give exposure to our governance polls for the month, this Moon Week post will remain pinned to the top of the subreddit until the distribution post next Wednesday. **Please review the following important information first:**\n\n* Successful polls are implemented whenever the responsible party has a chance to do it. Usually this is within days or weeks of the poll passing, but depends on workload, priorities, and complexity of implementation. You can look at implementation status on [the CCIP list.](https://docs.google.com/spreadsheets/d/1LhhqB4UAezNMdAwjV3evFXPD2x1JFCFHdnm8rmyRqAE/edit?usp=sharing).\n\n# Updates\n\n* Today we are [bringing back the governance flair icon](https://www.reddit.com/r/CryptoCurrency/comments/1cgcu3y/moons_update_the_return_of_governance_flair_icons/) for users who vote on polls. \n* 3 weeks ago, we [relaunched u/MOON2gas, our Moons gas bot](https://www.reddit.com/r/CryptoCurrencyMoons/comments/1c0x4hz/moons_update_the_return_of_the_gasbot_moon2gas/).\n\n\n# Governance Polls\n\nHere's your poll(s) for this round of Moons. You can view [the full CCIP list here](https://docs.google.com/spreadsheets/d/1LhhqB4UAezNMdAwjV3evFXPD2x1JFCFHdnm8rmyRqAE/edit?usp=sharing).\n\n* [CCIP-086 - Proposal to abandon Marshall Islands incorporation for MOON DAO at least for some time](https://www.reddit.com/r/CryptoCurrency/comments/1cgc6lu/ccip086_proposal_to_abandon_marshall_islands/) ([Snapshot direct link](https://snapshot.org/#/cryptomods.eth/proposal/0x1228fab4ca7e5774540711e499f7c8794b7dac2fd618dcd268d822abb84b6f87~~~~))\n\n\n# Previous Polls and results\n\n* Passed - [CCIP-083 - Clarify Rules for Sponsored Polls](https://www.reddit.com/r/CryptoCurrency/comments/1btbvij/ccip083_clarify_rules_for_sponsored_polls/) ([Snapshot direct link](https://snapshot.org/#/cryptomods.eth/proposal/0x05d69dd00591c4015ef8ddffb152038a6e5d6feed84728c58117a055129a1a1e))\n* Passed - [CCIP-084 - Clarify CCIP-069 and remove Sponsored Posts after six hours](https://www.reddit.com/r/CryptoCurrency/comments/1btc0os/ccip084_clarify_ccip069_and_remove_sponsored/) ([Snapshot direct link](https://snapshot.org/#/cryptomods.eth/proposal/0x20b940488fd6f91392d5592feb2def80ab7ccde1cf5cb1f9e79ece900f716733))\n* Passed - [CCIP-085 - Drop base pricing for both events and banners by 50%](https://www.reddit.com/r/CryptoCurrency/comments/1btdtbb/ccip085_drop_base_pricing_for_both_events_and/) ([Snapshot direct link](https://snapshot.org/#/cryptomods.eth/proposal/0xfc443750e1351fa996461478f698a0682727849b29c17a251a5f4ef2bfaa630b))\n\nThank you for reading and happy voting!", 'https://www.reddit.com/r/CryptoCurrency/comments/1cgcwyi/moon_week_48_and_the_return_of_governance_flair/', '1cgcwyi', [['u/GabeSter', 10, '2024-04-30 00:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1cgcwyi/moon_week_48_and_the_return_of_governance_flair/l1uuv0y/', "Let's test this. Just voted.", '1cgcwyi']]], ['u/cryptosniper88', 'Chef Curry is about to 10x[DEX ads live and huge caller in 2 hours]', 29, '2024-04-30 01:20', 'https://www.reddit.com/r/SolanaMemeCoins/comments/1cgdr30/chef_curry_is_about_to_10xdex_ads_live_and_huge/', 'Chef Curry has so many big things on the way. We had a slight dip today but are already making a strong recovery. I could not be more bullish right now with Solana and bitcoin recovering it will draw more money into memecoins causing a pump. We also are currently running DEX ads and have an absolutely huge caller lined up. Don’t miss out while it’s still cheap!!', 'https://www.reddit.com/r/SolanaMemeCoins/comments/1cgdr30/chef_curry_is_about_to_10xdex_ads_live_and_huge/', '1cgdr30', [['u/No_Butterfly4325', 12, '2024-04-30 01:22', 'https://www.reddit.com/r/SolanaMemeCoins/comments/1cgdr30/chef_curry_is_about_to_10xdex_ads_live_and_huge/l1v0bqz/', 'LFG what a fucking community, best coin this bull market', '1cgdr30'], ['u/ObjectiveOk8173', 10, '2024-04-30 01:23', 'https://www.reddit.com/r/SolanaMemeCoins/comments/1cgdr30/chef_curry_is_about_to_10xdex_ads_live_and_huge/l1v0czn/', 'Yo this shit is addictive 😍', '1cgdr30'], ['u/Swoftz', 11, '2024-04-30 01:23', 'https://www.reddit.com/r/SolanaMemeCoins/comments/1cgdr30/chef_curry_is_about_to_10xdex_ads_live_and_huge/l1v0gwd/', 'Been in $chef since the beginning. Best goddam team and community by a long shot', '1cgdr30'], ['u/Excellent-Weekend841', 10, '2024-04-30 01:23', 'https://www.reddit.com/r/SolanaMemeCoins/comments/1cgdr30/chef_curry_is_about_to_10xdex_ads_live_and_huge/l1v0h1x/', 'CHEF COOK WE EAT', '1cgdr30'], ['u/cryptosniper88', 12, '2024-04-30 01:23', 'https://www.reddit.com/r/SolanaMemeCoins/comments/1cgdr30/chef_curry_is_about_to_10xdex_ads_live_and_huge/l1v0hpv/', 'Yep seeing my money go up every single day in chef feels great!', '1cgdr30'], ['u/cryptosniper88', 11, '2024-04-30 01:24', 'https://www.reddit.com/r/SolanaMemeCoins/comments/1cgdr30/chef_curry_is_about_to_10xdex_ads_live_and_huge/l1v0iox/', 'Strongest community I’ve been in for sure', '1cgdr30']]], ['u/Rooksteady', 'CHINA WHY?', 122, '2024-04-30 01:27', 'https://www.reddit.com/r/Bitcoin/comments/1cgdwhh/china_why/', "Pretty excited about all this btc stuff. Any takes on why China won't let mainlanders participate? Would it divert money from their stock market ? Is that why?", 'https://www.reddit.com/r/Bitcoin/comments/1cgdwhh/china_why/', '1cgdwhh', [['u/Glimmertwinsfan1962', 112, '2024-04-30 01:30', 'https://www.reddit.com/r/Bitcoin/comments/1cgdwhh/china_why/l1v1jee/', 'Loss of control. The government wants to control most aspects of their citizens lives. And that’s not limited to China.', '1cgdwhh'], ['u/Grunblau', 141, '2024-04-30 01:31', 'https://www.reddit.com/r/Bitcoin/comments/1cgdwhh/china_why/l1v1o8u/', 'They would rather their citizens buy gold and silver… Easier to confiscate when the time comes.', '1cgdwhh'], ['u/one_way_ticketz', 116, '2024-04-30 01:42', 'https://www.reddit.com/r/Bitcoin/comments/1cgdwhh/china_why/l1v395d/', "It's an authoritarian regime.", '1cgdwhh'], ['u/Bongressman', 12, '2024-04-30 01:46', 'https://www.reddit.com/r/Bitcoin/comments/1cgdwhh/china_why/l1v3vwa/', "Honk Konf retail can't either, only registered investors and institutions. Flows will be pretty small. US BTC ETFs do more volume than every Hong Kong ETF combined.\n\nThe ecosystem is pretty small.", '1cgdwhh'], ['u/R3dFiveStandingBye', 27, '2024-04-30 01:55', 'https://www.reddit.com/r/Bitcoin/comments/1cgdwhh/china_why/l1v58zb/', 'China is like mostly real estate when I comes to wealth, it really props up the economy and has caused issues recently with too much buildings for too little people, im guessing it’s for control and not to divert any money from the real estate bubble they’ve created', '1cgdwhh'], ['u/Strokesite', 178, '2024-04-30 01:58', 'https://www.reddit.com/r/Bitcoin/comments/1cgdwhh/china_why/l1v5mgn/', 'The wealthy in China are looking to offshore their wealth as much as possible. The government wants to prevent that.', '1cgdwhh'], ['u/jrafelson', 18, '2024-04-30 01:58', 'https://www.reddit.com/r/Bitcoin/comments/1cgdwhh/china_why/l1v5mmd/', 'Cuz the whole no freedom thing', '1cgdwhh'], ['u/R3dFiveStandingBye', 15... 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 dropped sharply as investors readjusted rate cut expectations ahead of the latest FOMC meeting.\n• The latest labor cost data added to fears of a hot economy and sticky inflation.\n• The stock decline only deepens April\'s losses, snapping a five-month streak of gains.\nUS stocks plunged on Tuesday as investors got another dose of inflationary data ahead of the Federal Reserve\'s next policy decision.\nThe benchmark S&P 500 index dropped over 1%, after quarterly labor costs came in hotter than expected. The Employee Cost Index, a measure of wages and benefits, rose 1.2% against 1% consensus, the Bureau of Labor Statistics reported.\nFor the Fed, that adds even more restraint on its ability to cut interest rates this year, and futures markets now expect onlyone rate cut in December. Investors will tune in to Fed commentary after its FOMC meeting wraps up on Wednesday.\n"The policy statement and Chair Powell\'s comments in the press conference will reiterate the Fed\'s resolve to get inflation back to their 2% target. Barring a major crisis, a rate cut looks off the table before September, and even that is less likely than it seemed a few weeks ago given recent data demonstrating a broad-based increase in prices of services, houses, and labor costs in early 2024," Bill Adams, chief economist for Comerica Bank, said in written commentary.\nThe equity decline that followed only deepened April\'s market losses, making it the first month of 2024 to end in the red. Its 3.7% decline snapped a bull run that\'s extended since November.\nMeanwhile, shares inMcDonald\'sdropped as much as 3.8%, after its earnings report missed estimates.Amazonwill publish itsquarterly resultsafter Tuesday\'s closing bell.\nAmong other notable movers,ceasefire talks between Israel and Hamassent Brent crude falling 2.6% throughout the day.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500: 5,035.69, down 1.57%\n• Dow Jones Industrial Average: 37,815.92, down 1.49% (-570.17 points)\n• Nasdaq Composite: 15,657.82, down 2.04%\nHere\'s what else is going on today:\n• Investors should\'be like Buffett\' and buy Applewhile the stock is cheap, Bernstein said in a note.\n• Trump Media\'sbattle against short sellers has coincided with big market gains.\n• If sentenced, Binance founder Changpeng Zhao could be therichest US inmate ever.\n• Bitcoin\'s bull rally may have come to its end, and could drop 50%, market vet predicts.\n• A rollout of Tesla\'s self-driving tech in China could earn over $2 billion by 2030, Bank of America says.\nIn commodities, bonds, and crypto:\n• Oil prices fell.West Texas Intermediatecrude oil shed 1.09% to $81.92 a barrel.Brent crude, the international benchmark, dropped 2.6% to $86.14 a barrel.\n• Goldslumped by 1.85% to $2,295.4 per ounce.\n• The 10-year Treasury yield jumped seven basis points to 4.684%.\n• Bitcoindecreased by 5.4% to $60,358.\nRead the original article onBusiness Insider', "The cryptocurrency market is experiencing a challenging day marked by continuous selling off. The total market capitalization of cryptocurrencies has declined by 5.94% in the past 24 hours and currently stands at $2.21 trillion,accordingto CoinMarketCap data. Furthermore, the Crypto Fear and Greed Index has shifted from greedy to neutral territory for the first time since January 2024.\nThe bearish trends on Tuesday are evident across the board, with every coin in the top 100 exhibiting negative performance over the past 24 hours.Cosmos (ATOM)is the best-performing token among the top 100, gaining 1.98%. This is followed byTron (TRX), which increased 0.76%.Unus Sed Leo (LEO)rounds up the top gainers in the top 100, and is up 0.23%. Most of the 100 most valuable cryptocurrencies by market capitalization are currently recording losses, withStacks (STX)being the worst performer, down 16.88% in the last 24 hours.\nBitcoin (BTC), the leading cryptocurrency, is also facing downward pressure. The coin is currently trading at around $59,897, reflecting a 6.11% loss in the past 24 hours and a 10% decrease over the last 7 days. Data from CoinGlass reveals that over the past 24 hours, more than $261 million worth of long positions in all cryptocurrencies have been liquidated. When considering short positions as well, the total liquidations amount to over $324 million.\nThe crypto market's performance is closely tied to global trends, as most international markets are also experiencing declines today. Several factors contribute to this, including concerns about the upcoming interest rate decision by the US Federal Reserve, uncertainty surrounding corporate earnings, and anticipation of significant macroeconomic events.\nInvestors are closely monitoring the Federal Reserve's stance on interest rates, with the central bank currently in the midst of a two-day monetary policy meeting. The decision and subsequent press conference are scheduled for tomorrow.\nLooking ahead, updated inflation metrics and the release of the next US jobs report will play significant roles in influencing market sentiment. Additionally, nearly 200 companies in the S&P 500 are expected to report their financial results this week. Notably, April has been the only bearish month for the S&P 500 since October 2023.", "The cryptocurrency market is experiencing a challenging day marked by continuous selling off. The total market capitalization of cryptocurrencies has declined by 5.94% in the past 24 hours and currently stands at $2.21 trillion,accordingto CoinMarketCap data. Furthermore, the Crypto Fear and Greed Index has shifted from greedy to neutral territory for the first time since January 2024.\nThe bearish trends on Tuesday are evident across the board, with every coin in the top 100 exhibiting negative performance over the past 24 hours.Cosmos (ATOM)is the best-performing token among the top 100, gaining 1.98%. This is followed byTron (TRX), which increased 0.76%.Unus Sed Leo (LEO)rounds up the top gainers in the top 100, and is up 0.23%. Most of the 100 most valuable cryptocurrencies by market capitalization are currently recording losses, withStacks (STX)being the worst performer, down 16.88% in the last 24 hours.\nBitcoin (BTC), the leading cryptocurrency, is also facing downward pressure. The coin is currently trading at around $59,897, reflecting a 6.11% loss in the past 24 hours and a 10% decrease over the last 7 days. Data from CoinGlass reveals that over the past 24 hours, more than $261 million worth of long positions in all cryptocurrencies have been liquidated. When considering short positions as well, the total liquidations amount to over $324 million.\nThe crypto market's performance is closely tied to global trends, as most international markets are also experiencing declines today. Several factors contribute to this, including concerns about the upcoming interest rate decision by the US Federal Reserve, uncertainty surrounding corporate earnings, and anticipation of significant macroeconomic events.\nInvestors are closely monitoring the Federal Reserve's stance on interest rates, with the central bank currently in the midst of a two-day monetary policy meeting. The decision and subsequent press conference are scheduled for tomorrow.\nLooking ahead, updated inflation metrics and the release of the next US jobs report will play significant roles in influencing market sentiment. Additionally, nearly 200 companies in the S&P 500 are expected to report their financial results this week. Notably, April has been the only bearish month for the S&P 500 since October 2023.", "On April 30, Hong Kong's spot Bitcoin and Ether exchange-traded funds (ETFs) made a successful debut, attracting more than $200 million in total assets. The Bosera HashKey spotBitcoinandEtherETFs have accumulated 964 Bitcoin (BTC) and 4,290 Ether (ETH), amounting to $71.94 million in assets under management. Additionally, ChinaAMC's spot Bitcoin and Ether ETFs have gathered $123.61 million in combined assets, according to Eric Balchunas, senior ETF analyst at Bloomberg.\nHowever, the value of assets garnered by Hong Kong's crypto ETFs pales in comparison to their counterparts in the United States. During their debut week, US spot Bitcoin ETFs attracted nearly $4 billion in assets under management, with a trading volume of $4.5 billion on the first day of trading alone. Eric Balchunas cautioned against setting high expectations for the Hong Kong market, but noted the significance of the local numbers. ChinaAMC's Bitcoin ETF, for instance, gathered $123 million on its first day, ranking it 6th out of 82 ETFs launched in the past three years in Hong Kong and in the top 20% overall.\nOne notable feature of Hong Kong's crypto ETFs is that non-Hong Kong nationals can also subscribe to or purchase units in the ETFs if they meet local regulatory requirements. Moreover, these ETFs allow investors to subscribe to units directly using BTC and ETH, and vice versa, which is not available with their US counterparts.\nA survey conducted by Hong Kong-regulated crypto exchange OSL on April 28 revealed that 76.9% of crypto-knowledgeable respondents in the city plan to invest in the newly introduced spot Bitcoin and Ether ETFs. It's worth noting that Hong Kong's crypto ETFs are currently only accessible to the city's approximately 6.4 million adult residents. Mainland Chinese investors, numbering over 1 billion, are restricted from accessing these ETFs unless they possess a Hong Kong residence permit.", "On April 30, Hong Kong's spot Bitcoin and Ether exchange-traded funds (ETFs) made a successful debut, attracting more than $200 million in total assets. The Bosera HashKey spotBitcoinandEtherETFs have accumulated 964 Bitcoin (BTC) and 4,290 Ether (ETH), amounting to $71.94 million in assets under management. Additionally, ChinaAMC's spot Bitcoin and Ether ETFs have gathered $123.61 million in combined assets, according to Eric Balchunas, senior ETF analyst at Bloombe **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: 2024-05-01 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,181,371,080,253 - Hash Rate: 578118168.6740619 - Transaction Count: 478881.0 - Unique Addresses: 587665.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.54 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Updates prices at 1205 GMT) By Harry Robertson and Rae Wee LONDON/SINGAPORE, March 25 (Reuters) - The dollar slipped on Monday, with the threat of currency intervention from Japanese authorities and a government-driven rally in China's yuan weighing on the U.S. currency. The Japanese yen was around 0.1% higher and last stood at 151.29 per dollar, having bottomed at a four-month trough of 151.86 last week that left it within striking distance of a 32-year low near 152 per dollar hit in 2022. A rise in the yen helped push the dollar index down 0.16% to 104.26, after a weekly gain of nearly 1% last week. Japan's top currency diplomat said on Monday the yen's weakness did not reflect fundamentals, adding to the rhetoric of government officials who have stepped up warnings in recent days over the currency's decline. The yen has dropped despite the Bank of Japan hiking interest rates out of negative territory last week. Traders think rates in Japan will remain low for some time and therefore the big interest rate gap with the U.S. will stay in place, boosting the appeal of the dollar. "Japanese officials' verbal intervention is making 152 a very strong near-term resistance for dollar/yen," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "I think that's keeping dollar/yen from moving substantially higher." China's yuan found some strength on Monday, climbing roughly 0.2% in onshore markets to 7.21 to the dollar, while its offshore counterpart rose around 0.4%. Sources told Reuters that China's major state-owned banks were seen to be selling dollars for yuan in onshore markets on Monday, helping reverse a sudden fall at the end of last week. The Chinese currency has been pressured by growing market expectations of further monetary easing to prop up the world's second-largest economy. "The support to the renminbi (yuan) has helped to limit Friday's advance of the dollar, as has some quite aggressive verbal intervention in support of the yen from Japanese officials," said Chris Turner, global head of markets at ING. European currencies regained some ground on Monday, after dropping last week as investors bought the dollar on the basis that the Federal Reserve seems in no rush to ease rates compared to some of its peers. The euro was last up 0.19% at $1.0828, climbing off a near three-week low. Sterling rose 0.31% to $1.264, having slid more than 1% last week. Bets for a June rate cut by the European Central Bank and the Bank of England (BoE) have risen substantially after the Swiss National Bank became the first major central bank to lower borrowing costs last week and BoE Governor Andrew Bailey told the Financial Times that rate cuts "were in play" this year. Elsewhere, the Australian dollar rose 0.31% to $0.6535. Bitcoin climbed 5.4% to $66,900. It has fallen around 9% since hitting a record high above $73,800 on March 14. (Reporting by Harry Robertson in London and Rae Wee in Singapore; Editing by Sharon Singleton and Mark Potter)... - 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 added a net $31.2 billion to U.S.-listed exchange-traded funds last month, a decline from the extraordinarily hot March inflows, while at the same time keeping flows on pace to beat last year\'s total.\nThe new money brought year-to-date inflows to $227.6 billion, higher than the $146.8 billion brought in by this same time a year ago.\nApril inflows were evenly distributed among fund categories, with solid inflows for U.S. and international equity ETFs, as well as U.S. and international fixed income ETFs.\nIn terms of individual ETFs, the usual suspects, like theVanguard 500 Index Fund (VOO)and theiShares Core U.S. Aggregate Bond ETF (AGG)topped the flows charts, with inflows of $7.7 billion and $3.2 billion, respectively.\nTheiShares Bitcoin Trust (IBIT)pulled in $1.6 billion of fresh assets, despite the price of bitcoin sliding. IBIT’s streak of 71 straight days of inflows ended in April, but it’s still on the cusp of becoming the largest spot bitcoin ETF soon.\nAnother notable flows winner during May was thePacer U.S. Cash Cows 100 ETF (COWZ), which had inflows of $1.3 billion. The value exchange-traded fund has been one of the biggest ETF success stories of all time. It has $22 billion in AUM currently.\nOn the other side of the ledger, theSPDR S&P 500 ETF Trust (SPY)led all ETFs with outflows of $15.5 billion.\nTheiShares iBoxx USD Investment Grade Corporate Bond ETF (LQD)and theiShares Russell 2000 ETF (IWM)followed behind with outflows of $3.3 billion and $2.9 billion, respectively.\nInflows in all funds dipped from what was an out-of-the-ordinary total of $101.2 million in flows in March—a month of record-high stocks fueled by artificial intelligence companies, as well as investors pouring billions into crytpo ETFs. Stocks sold off during April, with the S&P 500 falling more than 5% from its recent highs.\nSPY and IWM are among the most popular ETFs for short-term traders, so it’s no surprise to see them shed assets in a down month for the markets.\nMeanwhile, in contrast to the aforementioned IBIT, the Grayscale Bitcoin Trust (GBTC) had large outflows of $2.5 billion in May.\nAnother month of similar sized outflows for the Grayscale ETF will almost certainly put IBIT ahead of GBTC in terms of AUM.\nFor a full list of the top inflows and outflows for April, see the tables below:\n[{"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Issuer": "Vanguard", "Net Flows ($, mm)": "7,690.72", "AUM ($, mm)": "430,823.28", "% of AUM": "1.79", "YTD 2024 Net Flows($,M)": "31,616.56%"}, {"Ticker": "AGG", "Name": "iShares Core U.S. Aggregate Bond ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "3,210.63", "AUM ($, mm)": "105,270.59", "% of AUM": "3.05", "YTD 2024 Net Flows($,M)": "8,059.17%"}, {"Ticker": "VUG", "Name": "Vanguard Growth ETF", "Issuer": "Vanguard", "Net Flows ($, mm)": "2,648.92", "AUM ($, mm)": "118,094.84", "% of AUM": "2.24", "YTD 2024 Net Flows($,M)": "5,402.41%"}, {"Ticker": "VTI", "Name": "Vanguard Total Stock Market ETF", "Issuer": "Vanguard", "Net Flows ($, mm)": "2,623.42", "AUM ($, mm)": "379,859.83", "% of AUM": "0.69", "YTD 2024 Net Flows($,M)": "10,615.59%"}, {"Ticker": "RSP", "Name": "Invesco S&P 500 Equal Weight ETF", "Issuer": "Invesco", "Net Flows ($, mm)": "2,228.14", "AUM ($, mm)": "54,453.44", "% of AUM": "4.09", "YTD 2024 Net Flows($,M)": "3,379.20%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Issuer": "Blackrock", "Net Flows ($, mm)": "1,615.67", "AUM ($, mm)": "17,534.63", "% of AUM": "9.21", "YTD 2024 Net Flows($,M)": "15,478.42%"}, {"Ticker": "VGT", "Name": "Vanguard Information Technology ETF", "Issuer": "Vanguard", "Net Flows ($, mm)": "1,521.95", "AUM ($, mm)": "64,967.58", "% of AUM": "2.34", "YTD 2024 Net Flows($,M)": "3,255.08%"}, {"Ticker": "COWZ", "Name": "Pacer U.S. Cash Cows 100 ETF", "Issuer": "Pacer Advisors", "Net Flows ($, mm)": "1,304.31", "AUM ($, mm)": "22,854.90", "% of AUM": "5.71", "YTD 2024 Net Flows($,M)": "3,233.56%"}, {"Ticker": "SOXL", "Name": "Direxion Daily Semiconductor Bull 3X Shares", "Issuer": "Direxion", "Net Flows ($, mm)": "1,282.34", "AUM ($, mm)": "10,782.19", "% of AUM": "11.89", "YTD 2024 Net Flows($,M)": "225.55%"}, {"Ticker": "IEFA", "Name": "iShares Core MSCI EAFE ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "1,278.54", "AUM ($, mm)": "113,401.15", "% of AUM": "1.13", "YTD 2024 Net Flows($,M)": "3,864.29%"}]\n[{"Ticker": "VOO", "Name": "Vanguard 500 Index Fund", "Issuer": "Vanguard", "Net Flows ($, mm)": "31,616.56", "AUM ($, mm)": "430,823.28", "% of AUM": "7.34", "May 2024 Net Flows($,M)": "7,690.72%"}, {"Ticker": "IBIT", "Name": "iShares Bitcoin Trust", "Issuer": "Blackrock", "Net Flows ($, mm)": "15,478.42", "AUM ($, mm)": "17,534.63", "% of AUM": "88.27", "May 2024 Net Flows($,M)": "1,615.67%"}, {"Ticker": "IVV", "Name": "iShares Core S&P 500 ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "12,275.13", "AUM ($, mm)": "440,895.24", "% of AUM": "2.78", "May 2024 Net Flows($,M)": "-771.78%"}, {"Ticker": "VTI", "Name": "Vanguard Total Stock Market ETF", "Issuer": "Vanguard", "Net Flows ($, mm)": "10,615.59", "AUM ($, mm)": "379,859.83", "% of AUM": "2.79", "May 2024 Net Flows($,M)": "2,623.42%"}, {"Ticker": "QQQ", "Name": "Invesco QQQ Trust", "Issuer": "Invesco", "Net Flows ($, mm)": "8,654.89", "AUM ($, mm)": "251,260.24", "% of AUM": "3.44", "May 2024 Net Flows($,M)": "-465.20%"}, {"Ticker": "FBTC", "Name": "Fidelity Wise Origin Bitcoin Fund", "Issuer": "Fidelity", "Net Flows ($, mm)": "8,160.90", "AUM ($, mm)": "9,809.16", "% of AUM": "83.20", "May 2024 Net Flows($,M)": "666.28%"}, {"Ticker": "AGG", "Name": "iShares Core U.S. Aggregate Bond ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "8,059.17", "AUM ($, mm)": "105,270.59", "% of AUM": "7.66", "May 2024 Net Flows($,M)": "3,210.63%"}, {"Ticker": "DYNF", "Name": "BlackRock U.S. Equity Factor Rotation ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "7,240.89", "AUM ($, mm)": "7,435.56", "% of AUM": "97.38", "May 2024 Net Flows($,M)": "461.77%"}, {"Ticker": "SPLG", "Name": "SPDR Portfolio S&P 500 ETF", "Issuer": "State Street Global Advisors", "Net Flows ($, mm)": "6,132.75", "AUM ($, mm)": "33,817.32", "% of AUM": "18.13", "May 2024 Net Flows($,M)": "1,268.98%"}, {"Ticker": "VUG", "Name": "Vanguard Growth ETF", "Issuer": "Vanguard", "Net Flows ($, mm)": "5,402.41", "AUM ($, mm)": "118,094.84", "% of AUM": "4.57", "May 2024 Net Flows($,M)": "2,648.92%"}]\n[{"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Issuer": "State Street Global Advisors", "Net Flows ($, mm)": "-15,547.09", "AUM ($, mm)": "505,487.46", "% of AUM": "-3.08", "YTD 2024 Net Flows($,M)": "-24,747.59%"}, {"Ticker": "LQD", "Name": "iShares iBoxx USD Investment Grade Corporate Bond ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "-3,339.00", "AUM ($, mm)": "28,154.95", "% of AUM": "-11.86", "YTD 2024 Net Flows($,M)": "-2,044.46%"}, {"Ticker": "IWM", "Name": "iShares Russell 2000 ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "-2,887.10", "AUM ($, mm)": "58,807.63", "% of AUM": "-4.91", "YTD 2024 Net Flows($,M)": "-7,518.79%"}, {"Ticker": "GBTC", "Name": "Grayscale Bitcoin Trust ETF", "Issuer": "Digital Currency Group, Inc.", "Net Flows ($, mm)": "-2,521.97", "AUM ($, mm)": "18,969.79", "% of AUM": "-13.29", "YTD 2024 Net Flows($,M)": "-17,089.55%"}, {"Ticker": "HYG", "Name": "iShares iBoxx USD High Yield Corporate Bond ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "-2,367.17", "AUM ($, mm)": "14,298.29", "% of AUM": "-16.56", "YTD 2024 Net Flows($,M)": "-4,498.88%"}, {"Ticker": "VCSH", "Name": "Vanguard Short-Term Corporate Bond ETF", "Issuer": "Vanguard", "Net Flows ($, mm)": "-1,483.79", "AUM ($, mm)": "33,755.73", "% of AUM": "-4.40", "YTD 2024 Net Flows($,M)": "-1,253.43%"}, {"Ticker": "XLV", "Name": "Health Care Select Sector SPDR Fund", "Issuer": "State Street Global Advisors", "Net Flows ($, mm)": "-1,281.19", "AUM ($, mm)": "37,880.36", "% of AUM": "-3.38", "YTD 2024 Net Flows($,M)": "-820.43%"}, {"Ticker": "XLP", "Name": "Consumer Staples Select Sector SPDR Fund", "Issuer": "State Street Global Advisors", "Net Flows ($, mm)": "-1,232.32", "AUM ($, mm)": "14,240.41", "% of AUM": "-8.65", "YTD 2024 Net Flows($,M)": "-1,712.20%"}, {"Ticker": "ACWI", "Name": "iShares MSCI ACWI ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "-1,149.55", "AUM ($, mm)": "17,935.67", "% of AUM": "-6.41", "YTD 2024 Net Flows($,M)": "-2,108.08%"}, {"Ticker": "SPTS", "Name": "SPDR Portfolio Short Term Treasury ETF", "Issuer": "State Street Global Advisors", "Net Flows ($, mm)": "-1,022.66", "AUM ($, mm)": "4,259.11", "% of AUM": "-24.01", "YTD 2024 Net Flows($,M)": "-1,262.37%"}]\n[{"Ticker": "SPY", "Name": "SPDR S&P 500 ETF Trust", "Issuer": "State Street Global Advisors", "Net Flows ($, mm)": "-24,747.59", "AUM ($, mm)": "505,487.46", "% of AUM": "-4.90", "May 2024 Net Flows($,M)": "-15,547.09%"}, {"Ticker": "GBTC", "Name": "Grayscale Bitcoin Trust ETF", "Issuer": "Digital Currency Group, Inc.", "Net Flows ($, mm)": "-17,089.55", "AUM ($, mm)": "18,969.79", "% of AUM": "-90.09", "May 2024 Net Flows($,M)": "-2,521.97%"}, {"Ticker": "IWM", "Name": "iShares Russell 2000 ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "-7,518.79", "AUM ($, mm)": "58,807.63", "% of AUM": "-12.79", "May 2024 Net Flows($,M)": "-2,887.10%"}, {"Ticker": "HYG", "Name": "iShares iBoxx USD High Yield Corporate Bond ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "-4,498.88", "AUM ($, mm)": "14,298.29", "% of AUM": "-31.46", "May 2024 Net Flows($,M)": "-2,367.17%"}, {"Ticker": "USMV", "Name": "iShares MSCI USA Min Vol Factor ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "-3,931.20", "AUM ($, mm)": "23,716.71", "% of AUM": "-16.58", "May 2024 Net Flows($,M)": "-108.36%"}, {"Ticker": "IWD", "Name": "iShares Russell 1000 Value ETF", "Issuer": "Blackrock", "Net Flows ($, mm)": "-3,544.65", "AUM ($, mm)": "54,219.32", "% of AUM": "-6.54", "May 2024 Net Flows($,M)": "-170.73%"}, {"Ticker": "TFLO", "Name": "iS **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: 2024-05-02 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,126,825,055,812 - Hash Rate: 635054048.9222649 - Transaction Count: 559839.0 - Unique Addresses: 528151.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.43 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Since the start of 2024, the cryptocurrency asset class has jumped more than 35%, hitting a total valuation of more than $2.25 trillion. These levels haven't been seen since November 2021, making it safe to say that crypto is back. At the forefront of crypto's resurgence isBitcoin(CRYPTO: BTC). In just 2024 alone, it's added $400 billion to its market and finds itself a measly 10% off of its all-time high of around $68,000. For years, investors have had their sights set on Bitcoin reaching a $100,000 price tag, and it finally looks like it could happen. As Bitcoin's price is pushed and pulled by supply and demand dynamics, a six-figure Bitcoin isn't a matter of "if" but rather, "when." At the center of Bitcoin's recent jump is the simple fact that demand has outpaced supply. This struggle between opposing forces is nothing new for Bitcoin, but the scale and magnitude at which this is occurring might be. With the launch of 11 new Bitcoin exchange-traded funds (ETFs), Wall Street juggernauts such asBlackRockand Fidelity have embarked on a historic accumulation to meet investor demand. To back their ETFs, these companies collectively own more than 775,000 coins, representing more than 4% of Bitcoin's total supply. With this massive buying spree, a supply crunch is forming. Around 900 Bitcoins are created each day. With these ETFs accumulating roughly 10,000 per day, demand is around 10 times greater than the rate of supply. On Feb. 28 alone, more than 11,211 bitcoins were scooped up off the market by ETF sponsors. It remains to be seen whether these institutions will maintain their rate of accumulation, but what is more certain is that Bitcoin's supply is going to come under even greater pressure in just a few short months. About every four years, Bitcoin's inflation rate is cut in half. Known as the halving, this process is hardwired intoBitcoin's codeand serves as the foundation of its robust monetary policy to ensure there will only ever be 21 million bitcoins. On average, Bitcoin's price rises by 125% in the year a halving occurs. This is likely because buyers are forced to compete for its reduced supply rate. When halvings occur, prices still rise, even if demand remains constant. If this halving produces an outcome like past ones, Bitcoin could see its price reach somewhere around $99,000 by year-end -- not that far off from the coveted six-figure price. However, when digging a little deeper into the current dynamics of Bitcoin's supply, it becomes apparent that this halving is shaping up to be unlike any other in its 15-year history and could provide the extra fuel needed to reach $100,000. While around 19.6 million bitcoins are technically in circulation today, only 2.2 million are readily available for purchase on exchanges. This is the lowest level seen since early 2018. More importantly, such low levels mean that the upcoming halving will be the first time in Bitcoin's history that there are fewer coins on the market than at the time of the previous halving. Let's add it all up. We have institutions buying at unprecedented rates, there's a halving coming up in less than two months that will push Bitcoin's inflation rate to under 1%, and there's an existing supply that's already under immense pressure. Nothing is certain, especially in crypto, but it's difficult to see how these developments won't compound and send Bitcoin to not only new all-time highs, but also past the long sought-after $100,000 mark. While it would have been nice to be buying when Bitcoin was trading around $45,000 at the beginning of the year, there's still plenty of evidence that suggests Bitcoin will be a valuable investment, even buying in at today's prices. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of February 26, 2024 RJ Fultonhas positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has adisclosure policy. Cryptocurrencies Are Soaring: Will Bitcoin Hit $100,000 This Year?was originally published by The Motley Fool... - Reddit Posts (Sample): [['u/worldtraveller321', 'Important to Buy BTC now', 348, '2024-05-02 00:07', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/', 'Is it just me or am I wrong to think that right now. I am important to buy BTC at this moment. so people will have something of value. As everything else is going down in value?\n\nam I right?', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/', '1chysfv', [['u/Radiant_Childhood505', 144, '2024-05-02 00:18', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25rkao/', 'Look at Saylor he knows he\'s in an arms race. I said to myself before the ETFs launch, "Let\'s see if he buys above 50, then I said 60. Hell, he just bought his last 122 BTC for 7.8 million, so the average was 64000 on those! Yes, buy high, buy low, but good God buy buy buy.', '1chysfv'], ['u/Financial_Clue_2534', 144, '2024-05-02 00:20', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25rtj0/', 'Based on previous events nows a good time as Bitcoin typically has numerous 20% drops as it climbs up. \n\nI DCA but I also buy a bit more when we get this type of pullback. It hasn’t failed me yet.', '1chysfv'], ['u/Sudden_Agent_345', 71, '2024-05-02 00:25', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25sm2k/', 'you are important no matter what', '1chysfv'], ['u/PablovsPeanut', 15, '2024-05-02 00:25', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25spul/', 'Actual gold will be decent as well as silver. IMO BTC will be the best. No one can time it perfect because the best time to buy was obviously last cycle and that will always be the answer. From looking at past empires when they fall they fall hard and fast. The US is acting like an empire in decline.', '1chysfv'], ['u/Tasty-Lemon-2143', 240, '2024-05-02 00:34', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25u0e5/', 'This is the dip everyone was asking for 3 weeks ago....make your decision wisely.', '1chysfv'], ['u/LastRecognition4151', 69, '2024-05-02 00:38', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25up9c/', 'Saylor says he will always buy the top forever', '1chysfv'], ['u/BitcoinWell', 45, '2024-05-02 00:40', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25uzs4/', 'Not only are prices heavily discounted from a few weeks ago, but transaction fees are super low – high priority transactions are showing up as $3 on mempool right now.\n\nIts a great time to: \n- stack sats \n- take coins off the exchange and onto your own wallet (key in cold storage) \n- Consolidate UTXOs', '1chysfv'], ['u/BitcoinWell', 33, '2024-05-02 00:41', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25v30b/', 'in 2017 it happened 3 times before the big drop', '1chysfv'], ['u/Highly-Aggressive', 20, '2024-05-02 00:51', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25wnxx/', "*can't", '1chysfv'], ['u/thinkinon', 11, '2024-05-02 00:53', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25wzu1/', 'Goodness gracious, do you need a hug?', '1chysfv'], ['u/Financial_Clue_2534', 33, '2024-05-02 00:58', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25xsd1/', 'Started in 2016. Took til 2019for me to “get use” to it. I use to check prices all the time and stress out. In the past I tried to type the market to buy back cheaper and got burned. I found out just buy, DCA and hold you gain so much overtime.', '1chysfv'], ['u/RiskRambo', 29, '2024-05-02 01:02', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25yb78/', 'This seems like a very odd time to be selling your bitcoin.', '1chysfv'], ['u/19YoJimbo93', 16, '2024-05-02 01:08', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25zb92/', '<3 this is the energy we need', '1chysfv'], ['u/jluc21', 22, '2024-05-02 01:10', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l25zjy1/', 'what happened 3 times? it dropped 20% three times?', '1chysfv'], ['u/Cryptdego', 26, '2024-05-02 01:24', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l261ogx/', 'Would you say...power top!?!', '1chysfv'], ['u/cohortq', 12, '2024-05-02 01:45', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l264szu/', 'yes', '1chysfv'], ['u/gtbifmoney', 41, '2024-05-02 01:55', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l2669g8/', 'At this point, you have to be an actual dumbass to sell, and quite honestly, a gigantic pussy. There are institutions in this now with A LOT more to lose than you, they aren’t gonna just let this crash like the dark ages.\n\ntl;dr - “stop acting like a bitch a come on” - Deebo.', '1chysfv'], ['u/heinzmoleman', 10, '2024-05-02 02:10', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l268k8t/', 'If you are a true long term holder then there is never a bad time to buy BTC.', '1chysfv'], ['u/rokman', 40, '2024-05-02 02:17', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l269kv9/', 'Saylor doesn’t buy bitcoin, he has a company buy bitcoin while he sells stock and buys hookers and blow', '1chysfv'], ['u/marcio-a23', 27, '2024-05-02 02:21', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l26a7ac/', 'I am doing the same thing \n\nI buy bitcoin with money and hookers with debt', '1chysfv'], ['u/Joeman106', 18, '2024-05-02 02:22', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l26a9oc/', '… or you could just be someone using it as a store of value to save for things you couldn’t otherwise afford. I bought at 20k and just sold a sixth of it to go to Vegas for my 21st. You can buy more bitcoin but you can’t buy back experiences like that that otherwise couldn’t have happened', '1chysfv'], ['u/don123xyz', 14, '2024-05-02 02:22', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l26ae7t/', "Yup, that's what I learned too after a year of trying to time the market. At the end I learned my lesson: just buy and hodl.", '1chysfv'], ['u/gtbifmoney', 11, '2024-05-02 02:39', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l26cxbe/', 'Yeah, I don’t think the guy that sold 500 BTC for pizzas would agree…', '1chysfv'], ['u/listmann', 10, '2024-05-02 03:56', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l26odc6/', "If history repeats its going to drop at least to 40k then go to 80k and above, I'm still buying regardless of the price untill I reach 2 BTC, might take me 10 years but wth", '1chysfv'], ['u/BBrillo614', 15, '2024-05-02 04:29', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l26t4og/', 'I buy once or twice a week a couple hundred bucks or so. That was when it was high and when it was low. But since we broke down to 60k I’ve bought a metric fuck ton\nAka .19535 ;-) I suggest everyone load up and enjoy the ride!!!!', '1chysfv'], ['u/Pafeso_', 10, '2024-05-02 05:02', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l26xs0u/', 'nuh uh (then buy more)', '1chysfv'], ['u/Awkward_Potential_', 29, '2024-05-02 05:28', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l2711yu/', 'Exactly. And if it goes down further, who gives a shit. Grow a set and buy more.', '1chysfv'], ['u/enzeipetre', 11, '2024-05-02 06:36', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l2797iz/', "DCA down until the next peak. as it's always been", '1chysfv'], ['u/ClassroomCareful935', 10, '2024-05-02 06:53', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l27b4g6/', "We've had 7 months up. One or more months down is to be expected, also in a bull market. Not sure why this wouldn't be a dip.", '1chysfv'], ['u/grey-doc', 15, '2024-05-02 07:55', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l27h51x/', 'It happens in every bubble in every asset since forever.\n\nAnd then one day one of the bubbles cuts a little deeper and everyone becomes sad.', '1chysfv'], ['u/grey-doc', 12, '2024-05-02 08:16', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l27j412/', 'The old generation built huge corporations that will give you money in exchange for a piece of your life. A deal with the devil, I say, but a deal that ends with more hodling.', '1chysfv'], ['u/NeitherShift9027', 21, '2024-05-02 13:16', 'https://www.reddit.com/r/Bitcoin/comments/1chysfv/important_to_buy_btc_now/l288l79/', 'Managed to go from 0.21 to 0.30 in this dip. Pretty happy with that.', '1chysfv']]], ['u/JacksonRiot', 'Armory Deck: Boltyn', 124, '2024-05-02 02:05', 'https://www.reddit.com/r/FleshandBloodTCG/comments/1ci1jvf/armory_deck_boltyn/', 'What do you think Boltyn needs in this [product](https://fabtcg.com/products/booster-set/armory-deck-boltyn/)?', 'https://www.reddit.com/gallery/1ci1jvf', '1ci1jvf', [['u/bluLoL', 39, '2024-05-02 02:17', 'https://www.reddit.com/r/FleshandBloodTCG/comments/1ci1jvf/armory_deck_boltyn/l269k5b/', "WOW! I can't wait to spend $40 to not have a play set of lumina ascension!", '1ci1jvf'], ['u/jovietjoe', 10, '2024-05-02 02:27', 'https://www.reddit.com/r/FleshandBloodTCG/comments/1ci1jvf/armory_deck_boltyn/l26b553/', 'I 100% guarantee there will be zero copies. The Kayo deck proved that their "this is a playable deck" hype was a fucking joke.', '1ci1jvf'], ['u/Razorcrest999', 16, '2024-05-02 02:29', 'https://www.reddit.com/r/FleshandBloodTCG/comments/1ci1jvf/armory_deck_boltyn/l26bfux/', 'This really needs a full playset of V of the vanguard and lumina ascension. Hopefully they give us at lea... 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:** ["Block(NYSE: SQ)Q1 2024 Earnings CallMay 02, 2024,5:00 p.m. ET\n• Prepared Remarks\n• Questions and Answers\n• Call Participants\nOperator\nGood day, ladies and gentlemen, and welcome to the Block first quarter 2024 earnings conference call. Today's call will be 45 minutes. And I would now like to turn the call over to your host, Nikhil Dixit, head of investor relations. Please go ahead.\nNikhil Dixit--Head of Investor Relations\nHi, everyone. Thanks for joining our first quarter 2024 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.\nDuring Q&A, we will take questions from conference call participants. We would also like to remind everyone that we will be making forward-looking statements on this call. All statements other than statements of historical fact could be deemed to be forward looking. These forward-looking statements include discussions of our outlook, strategy and guidance, as well as our long-term targets and goals.\nBefore you buy stock in Block, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Block wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $508,797!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of April 30, 2024\nWe may decide to shift our priorities or move away from these targets and goals at any time. These statements are subject to risks and uncertainties. Actual results could differ materially from those contemplated by our forward-looking statements. Reported results should not be considered an indication of future performance.\nPlease take a look at our filings with the SEC for a discussion of the factors that could cause our results to differ. Also note that the forward-looking statements on this call are based on information available to us as of today's date. We disclaim any obligation to update any forward-looking statements, except as required by law. Further discussion during this call of Cash App's banking services referred to those offered by our bank partners.\nWithin these remarks, we will also discuss metrics related to our investment framework, including Rule of 40. With Rule of 40, we are evaluating the sum of our gross profit growth and adjusted operating income margin. Also, we will discuss certain non-GAAP financial measures during this call. Reconciliations to the most directly comparable GAAP financial measures are provided in the shareholder letter and our historical financial information spreadsheet on our investor relations website.\nThese non-GAAP measures are not intended to be a substitute for our GAAP results. Finally, this call, in its entirety, is being audio webcast on our investor relations website. An audio replay of this call and the transcript for Jack and Amrita's opening remarks will be available on our website shortly. With that, I would like to turn it over to Jack.\nJack Dorsey--Co-Founder, Chairman, President, and Chief Executive Officer\nThank you all for joining us. In the last two quarters, I focused my shareholder letter on our priorities for Square and Cash App strategy to become one of the top providers of banking services. This quarter, my letter was focused on the Bitcoin strategy. If you haven't yet, please read that letter for details.\nBefore Amrita talks about our performance, there was a news report yesterday I wanted to address directly. In general, these sorts of stories can lack full context. First, we do not believe that there are any new investigation in the Block, but rather that these reports relate to the existing inquiry by the DOJ that we've previously disclosed. Second, there was critical information omitted from the article when it was first published.\nIn 2022, our compliance engineering risk team, who proactively investigates threats, identified signals that lead us to conduct a thorough review of transactions potentially associated with sanctioned countries. We voluntarily reported these to the Office of Foreign Assets Control, OFAC, where we were transparent with them, and we stand by the scope of the transactions that were included in the report. OFAC then issued us a No Action Letter in which they determine no further investigation or action was needed at the time. This is how the process is supposed to work and this outcome not originally included in the article.\nThird, as it relates to preventing terrorist financing via Bitcoin, we have a robust control environment in place to mitigate exposure from adversaries. For instance, we use industry-leading blockchain analytics firms to screen transactions in real time. We also maintain some of the most restrictive limits in the industry for on-chain Bitcoin withdrawals, which are deliberately calibrated to prevent bad activity. And of course, we require identity verification for customers engaging with our Bitcoin products and file suspicious activity reports when warranted, which is an important contributor to keeping the broader financial ecosystem safe and secure.\nWe take compliance seriously at Block. Our culture of compliance is foundational to our work. We have a radically transparent culture that supports us. Employees are empowered to raise issues through multiple channels, including directly to me or anonymously through our whistleblower hotline.\nWe continuously improve our compliance program based on the number of different inputs, including self-identified issues, audits and guidance from our regulators. Adversaries have always and will continue to try to exploit the global financial system. No company is perfect at preventing this. Our work is to constantly be steps ahead of their attacks through better use of technology.\nThis includes leveraging industry-leading machine learning models and product controls aimed at detecting and preventing bad activity in real time. It's an always-on part of our business, and it always will be. And with that, I'll turn it over to Amrita to talk about the quarter.\nAmrita Ahuja--Chief Financial Officer\nThanks, Jack. I'll keep my remarks brief as we've included information on our performance and guidance in the financial discussion of our shareholder letter. We delivered strong results across the company during the first quarter. Gross profit was $2.09 billion, up 22% year over year, consistent with the fourth quarter.\nAdjusted EBITDA was $705 million, nearly doubling year over year. And adjusted operating income was $364 million, up seven times year over year. By business, Cash App's gross profit was $1.26 billion, up 25% year over year. And Square's gross profit was $820 million, up 19% year over year.\nGross profit outperformance compared to our guidance was mostly driven by Cash App. We saw strength across Buy Now, Pay Later, Bitcoin, Cash App Borrow and Cash App Card, where we had 24 million monthly actives. Inflows per active were up 11% year over year in the quarter for our highest growth since the fourth quarter of 2021. Square's GPV growth in the quarter was in line with our expectations as we saw continued moderation in same-store sales growth.\nThis was more than offset by strong attach rates on our broader ecosystem of software and banking products. Our profitability improved as we showed discipline across a range of expenses, ending the quarter below our 12,000-person cap and achieving leverage on corporate overhead expenses. For the 12 months ending in March, adjusted free cash flow was $1.1 billion, up more than 2.5 times compared to the prior 12 months, and represented 50% of adjusted EBITDA, an improvement, compared to the 36% conversion rate in the prior period. Turning to our expectations for the remainder of the year.\nWe are raising our full year 2024 guidance for both gross profit and profitability, not only reflecting the Q1 outperformance but also reflecting our raised expectations for the remainder of the year. For full year 2024, we are now expecting gross profit of at least $8.78 billion or 17% growth year over year. We expect Cash App's gross profit growth to moderate slightly from the first quarter's 25% as we lap some meaningful pricing and structural cost benefits, with relatively stable growth from the second quarter through fourth quarter. For Square, we expect gross profit growth to moderate from the first quarter's 19% growth rate as we lap strong banking performance and pricing changes from the prior year.\nIn the back half of the year, we expect GPV growth to be stable to improving behind more favorable same-store growth comparisons, with a narrowing delta between gross profit and GPV growth rates. We continue to focus on initiatives that improve our product velocity. These include several upcoming launches that further our strategies for Cash App and Square, most notably testing and rolling out Afterpay on Cash App Card and for Square, completing the orders migration this summer and conversion to a single app by year-end. These initiatives remain on track, and we expect them to benefit our growth into 2025 and beyond.\nFor profitability in 2024, we are now expecting at least $1.3 billion in adjusted operating income or 15% margins on gross profit. With efficiency initiatives underway to improve our structural costs and corporate overhead, we also see opportunities to invest in the back half of the year in high-return areas like sales and marketing that can drive future growth. Our updated guidance now implies a Rule of 32 for full year 2024 **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: 2024-05-03 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,225,100,635,200 - Hash Rate: 564979119.3860149 - Transaction Count: 442742.0 - Unique Addresses: 537019.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.48 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: On perhaps the first spring day of the year in Washington D.C, after spending three years in federal holding, on Tuesday Russian-Swedish national Roman Sterlingov was convicted of four charges related to running the no-longer operational bitcoin {{BTC}} mixing service Bitcoin Fog. Sentencing is set for July 15, and he faces decades in prison for crimes related to money laundering and unregistered money transmitting. 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 fullnewsletter here. Tor Ekeland, a known entity when it comes to the criminal defense of supposed computer criminals, told CoinDesk in a phone interview the defense intends to appeal the decision. The main issue is a matter of jurisdiction; up until Sterlingov’s arrest in Los Angeles in April of 2021, the defendant hadn’t stepped foot in the U.S. It’s a strategy Ekeland employed in his first major win against the government — defending “Nazi troll” Andrew “Weev” Auernheimer, charged with violating the Computer Fraud and Abuse Act after he exposed a massive security flaw in AT&T's website. Ekeland won on appeal after the court found the venue, the state of New Jersey, had no connection to Auernheimer or AT&T. “This is just the halfway point,” Ekeland said, noting that he expected and respected the jury’s verdict and that federal criminal win rates exceed 99%. Ekeland’s main argument is that the Department of Justice was able to bring the case after the IRS, which was involved in the decade-long investigation, contacted Bitcoin Fog customer service asking if it’d be a good platform to launder funds earned from selling drugs. “If the government can get criminal venue from what they did in this case, that means that any prosecutor in the f***ing United States can sit down at their computer in Podunkville, do a transaction on your website and then criminally charge you in the place that they do it,” he said. That “blows a hole in the venue clause” set up by the U.S. Constitution. See also:When Did Privacy Become a Bad Word?| Opinion Adding to this issue is that Ekeland and his partner on the case Mike Hassard, a friend of Sterlingov, filed motions to dismiss the case and for presiding District Judge Randolph Moss to clarify the “venue issue” that were only answered “from the bench” the day the trial began. “There's a gigantic venue issue … and I can kind of tell that the judge knew” that. There are other issues Ekeland intends to raise when he files a notice of appeal after Sterlingov’s sentencing this summer having to do with what the government was allowed to enter into evidence versus the defense and other “shaddy” background issues that may cast doubt on the decision. “I mean, we got [into evidence] that [Sterlingov] was in jail, when Bitcoin Fog took his last withdrawal,” he said. However, there are other issues about the site’s operations and sunsetting that occurred when Sterlingov could not have had access to the servers, Ekeland noted. More importantly, Ekeland said that the government never conclusively showed Sterlingov ever operated or profited from the site — he was just an early user. “The flow of funds is not the same as flow of control,” Ekeland said, discussing a particular series of transactions supposedly linking Sterlingov to Bitcoin Fog’s domain name registrar. He suggested that in 2011 Sterlingov, who had supported his lifestyle by trading bitcoin, sold bitcoin to the people who started Bitcoin Fog. This is a point J.W. Verret, an associate professor at George Mason University’s Antonin Scalia Law School, raised in a Cointelegraph op-ed, noting “Sterlingov may have sold Bitcoin to someone who bought the Bitcoin Fog website, or that someone may have later sold Bitcoin to someone who then sold it to someone else.” Matt Price, who participated in the government’s investigation of Bitcoin Fog while with the IRS Criminal Investigation team and who now leads strategic engagement at on-chain analysis firm Elliptic, disagrees. “The evidence linking to that transaction was very clear — we had source information, I've seen the records. That was not the most complicated tracing I've ever done.” See also:Privacy Is a Human Right| Opinion It’s a significant point considering that much of the criminal defense hinged on discrediting the notion of on-chain analysis — particularly that of Chainalysis’ Reactor software used by numerous government agencies around the world. In one of the pre-trial hearings, which ended up totalling over 1,800 pages of records, Ekeland referred to Chainalysis’ software as “junk science.” In particular, in a lengthy pretrial debate, there were concerns the software had not been “peer-reviewed” or scientifically accredited and could generate false positives. This ended up not mattering much in court: Judge Moss said he was “unpersuaded” by the defense’s stance that blockchain analytics is faulty. “Substantial evidence supports the government’s submission that the software is highly reliable—and, if anything, conservative,” Moss wrote in a 31-page pre-trial order. This may cycle back to the appeals case Ekeland is building: In August, Jonelle Still, director of investigations and intelligence at competitor analysis firm CipherTrace, submitted a 41-page expert report claiming Chainalysis used “unverifiable” and “incomplete” techniques to incorrectly link Sterlingov to Bitcoin Fog. Mastercard, which bought CipherTrace in 2021, later spiked the report. “We lost our tracing expert right before the trial,” Ekeland said, adding “we never got a really clear reason why.” For its part, a Chainalysis representative said over email that “the decision directly dismisses concerns around error rate, peer review or testing,” adding those issues are hardly “relevant to the underlying technology.” It was a point Price agreed with, saying the argument “fell flat with the jury.” Questions about blockchain analysis to one side, Price said his investigations while at the IRS were “old fashioned manual police work.” The case took a decade to build, “we were all over traveling around the world, taking all kinds of different investigative steps, reviewing records, using every tool at our disposal,” he said. While Price said the average crypto user has every right to preserve their financial privacy, he noted that Bitcoin Fog’s website, corporate and social media communications and branding suggested it was actively soliciting funds from criminal enterprises. “Privacy is a fine line. If you're not taking any steps whatsoever to prevent child sexual abuse material, darknet markets, ransomware, the Bitfenix hack, things of that nature for using your service, you're actually, in my mind, as bad or worse than the people involved in the actual illicit activity,” Price said. See also:Man Who Laundered Billions in Bitcoins From Bitfinex Says He Used Bitcoin Fog Many people in the crypto industry — whether or not it accepts Sterlingov’s guilty verdict — would likely disagree. Crypto operates on the principle of credible neutrality, the idea that protocols should not be able to discriminate against or censor users, just as a dollar bill does not care who uses it. And, perhaps unfortunately, the only way to ensure that platforms remain accessible for all is to ensure they can also facilitate the worst actors. Ekeland might see that as a frightening prospect, but a wrongful conviction based on “circumstantial” evidence as worse. “I think this is really scary for anyone involved in bitcoin," he said of TK. "The underlying assumptions that people were making about the traces is essentially that the flow of funds equals the flow of control.”... - 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 Grayscale Bitcoin Trust (GBTC), the largest bitcoin ETF by assets, saw a net inflow of new money from investors,according to Farside Investors, the first daily increase since the product debuted in January.\nA net $63 million was added on Friday, according to Farside'stally.\nThe Grayscale product had been the dominant conventional investment vehicle for those looking to invest in bitcoin {{BTC}} without directly purchasing the cryptocurrency. But it got competition in January when it wasconvertedinto an easier-to-trade ETF at the same time nine rival spot bitcoin ETFs began trading.\nGBTC has much higher fees, and investors yanked billions of dollars from it. Its bitcoin holdings have dropped from more than 600,000 bitcoin toaround 290,000bitcoin, according to fund data compiled by CoinDesk.\nRead more:Grayscale's Planned Mini Bitcoin ETF Will Have a 0.15% Fee, the Lowest Among Spot Bitcoin ETFs\nWhile the Friday inflow ends the streak of net GBTC withdrawals, BlackRock's iShares Bitcoin Trust (IBIT) is challenging the fund for the title of biggest bitcoin ETF. GBTC now has$18.1 billionin assets, versus IBIT's$16.9 billion. IBIT, now in second place, started at zero in January, while GBTC had more than $26 billion.", "The Grayscale Bitcoin Trust (GBTC), the largest bitcoin ETF by assets, saw a net inflow of new money from investors,according to Farside Investors, the first daily increase since the product debuted in January.\nA net $63 million was added on Friday, according to Farside'stally.\nThe Grayscale product had been the dominant conventional investment vehicle for those looking to invest in bitcoin {{BTC}} without directly purchasing the cryptocurrency. But it got competition in January when it wasconvertedinto an easier-to-trade ETF at the same time nine rival spot bitcoin ETFs began trading.\nGBTC has much higher fees, and investors yanked billions of dollars from it. Its bitcoin holdings have dropped from more than 600,000 bitcoin toaround 290,000bitcoin, according to fund data compiled by CoinDesk.\nRead more:Grayscale's Planned Mini Bitcoin ETF Will Have a 0.15% Fee, the Lowest Among Spot Bitcoin ETFs\nWhile the Friday inflow ends the streak of net GBTC withdrawals, BlackRock's iShares Bitcoin Trust (IBIT) is challenging the fund for the title of biggest bitcoin ETF. GBTC now has$18.1 billionin assets, versus IBIT's$16.9 billion. IBIT, now in second place, started at zero in January, while GBTC had more than $26 billion.", '• US stocks soared on Friday, with the Nasdaq 100 closing higher by about 1% for the week.\n• Solid earnings results and a weaker-than-expected April jobs report helped push stock prices higher.\n• "The case for rate cuts got a little stronger today. Goldilocks could be making a comeback," TradeStation\'s David Russell said.\nUS stocks surged on Friday after a solid Apple earnings report and a weaker-than-expected April jobs report, which increased the chances of an interest rate cut from the Federal Reserve later this year.\nTheUS economy added 175,000 jobs in April,well below economists\' forecast of 238,000 jobs and far short of the 303,000 added in March. Meanwhile, the unemployment rate ticked higher, to 3.9% from 3.8%. The jobs report also showed the slowest year-over-year wage growth since June 2021.\n"Worries about wage pressures have dragged on the market recently and today\'s number relieves some of those fears. The first quarter had several difficult numbers on the inflation front but the second quarter might be starting on a cooler footing. The case for rate cuts got a little stronger today. Goldilocks could be making a comeback," TradeStation market strategist David Russell said in comments to Business Insider.\nThe light jobs report should ultimately give the Fed more flexibility in speeding up the timing of rate cuts, and bond yields fell significantly with that sentiment in mind. The 10-year Treasury note dropped 8 basis points to 4.50%.\nAlso helping boost stocks Friday wasApple, which surged about 7% afterit reported a better-than-feared second-quarter earnings report.The iPhone maker also launched a historic $110 billion stock-buyback program and increased its quarterly dividend by 4%, which was cheered by investors.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:5,127.79, up 1.26%\n• Dow Jones Industrial Average:38,675.68, up 1.18% (+450.02 points)\n• Nasdaq composite:16,156.33, up 1.99%\nHere\'s what else happened today:\n• Here\'s a breakdown of Apple\'s second-quarter earnings reportand comments from the company\'s earnings call.\n• The stock market\'s bull run will end in either a bubble or a recession, the Bank of America strategist Michael Hartnett said.\n• Apple\'s $110 billion stock-buyback program is worth more than the total value of companiesincluding Boeing, Chipotle, and Airbnb.\n• Treasury Secretary Janet Yellen voiced concerns to Congress about the difficulty of buying a starter home in America.\n• Amgen soared 16% after it talked up its new weight-loss drugthat could be administered monthly instead of weekly.\n• Trump Media stock dropped after the SEC charged its auditor with "massive fraud."\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil dropped 1.15% to $78.04 a barrel.Brent crude, the international benchmark, declined 0.98% to $82.85 a barrel.\n• Goldedged lower by 0.13% to $2,306.60 an ounce.\n• The 10-year Treasury yield fell 8 basis points to 4.50%.\n• Bitcoinjumped 4.51% to $61,748.\nRead the original article onBusiness Insider', "Retiring a millionaire doesn't happen by accident. It takes years of patience, discipline, and steady investment returns. Because of their simplicity, exchange-traded funds can be the perfect fit for any long-term investor.\nExchange-traded funds, or ETFs, are buckets of individual stocks that trade under one ticker. It's a simple way for investors to diversify their portfolios because a few ETFs can expose you to hundreds of companies.\nIt's still important to invest based on your personality and risk tolerance. So, here are three very different ETFs that can help you build wealth over decades and potentially hit that million-dollar mark by the time you retire.\nConsider starting with the basics. That would point you to theVanguard S&P 500 ETF(NYSEMKT: VOO), one of only two ETFs Warren Buffett's company,Berkshire Hathaway, holds in its multibillion-dollar stock portfolio. The idea of this fund is simple. TheS&P 500is an index of 500 of America's most prominent companies. Think of the household names that everyone, even non-investors, knows. The index weighs them by theirmarket capto make the index, which has historically been remarkably effective at building wealth, averaging roughly 10% annual returns over the long term.\nVanguard S&P 500 ETF's top-10 largest positions include:\n1. Microsoft: 7.08%\n2. Apple: 5.63%\n3. Nvidia: 5.05%\n4. Amazon: 3.73%\n5. Meta Platforms: 2.42%\n6. Alphabet Class A: 2.01%\n7. Berkshire Hathaway Class B: 1.73%\n8. Alphabet Class C: 1.70%\n9. Eli Lilly & Co: 1.40%\n10. Broadcom: 1.32%\nYou should include this fund in your portfolio because the S&P 500 ultimately represents the best companies from the world's best economy. It's always recovered from wars, recessions, and other crises to hit new highs. You don't have to make it overly complicated. Just buy and hold this stand-in for the broader stock market.\nTruly diversifying your investments means stepping outside the world of individual companies and considering new assets altogether. Consider theGrayscale Bitcoin Trust ETF(NYSEMKT: GBTC). This is the prominent ETF centered aroundBitcoin.\nGrayscale Bitcoin Trust ETF offers the best of both worlds. Investors can benefit from Bitcoin's price movement by owning shares, which have far outpaced the broader stock market over the past decade. Why would you own the fund instead of just buying Bitcoin? Well, owning shares of the fund is handled just like owning any other stock. You can stash it in your stock portfolio, and the security is monitored by the Securities and Exchange Commission (SEC).\nMeanwhile, owning Bitcoin yourself could mean having to deal with storing the tokens, which could backfire if you forget your password, which has infamously locked some early Bitcoin investors out of their millions of dollars worth of crypto. Grayscale Bitcoin Trust ETF is theeasy buttonof investing in Bitcoin, and there's nothing wrong with going that route.\nLet's stick with the theme of new asset classes. Sometimes, investors want passive income and aren't necessarily interested in maximizing price-based returns. TheiShares 20+ Year Treasury Bond ETF(NASDAQ: TLT)could be for you. It's a fund of U.S. Treasury bonds, all with at least 20 years remaining until maturity.\nThe fund has averaged a nearly 4% yield over the past 12 months and 4.75% over the last 30 days. Its beta of 0.6 implies that the fund is less volatile than the broader stock market. In other words, the iShares 20+ Year Treasury Bond ETF is a glacier where investors can store money and expect safe passive income relative to stocks.\nInvestors in their 20s can probably avoid this fund due to its conservative nature; they have the time horizon to lean wholly into maximizing growth. However, it would be best to consider adding some Treasury bonds to your portfolio as you age and your margin for investing error shrinks. Treasury bonds are a great place to find low-risk income; this fund makes it easy for you.\nBefore you buy stock in Vanguard S&P 500 ETF, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Vanguard S&P 500 ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $525,806!*\nStock Adv **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: 2024-05-04 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,252,006,662,000 - Hash Rate: 617535316.5382024 - Transaction Count: 660263.0 - Unique Addresses: 473521.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.67 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Changes word in paragraph 6 quote to 'cut', not 'hike') By Brigid Riley TOKYO, April 16 (Reuters) - The dollar hit a five-month high against major peer currencies on Tuesday following hotter-than-expected U.S. retail sales figures, raising intervention worries as the yen languished at its lowest level since 1990. The Chinese yuan stabilised after touching its lowest since November in early Asia trading after GDP data for China's first quarter beat expectations, a boost for policymakers trying to shore up confidence in the face of a protracted property crisis. U.S. data on Monday showed retail sales rose 0.7% last month, compared with a 0.3% rise that economists polled by Reuters had forecast. Data for February was revised higher to show sales rebounding 0.9% for the largest gain in just over a year, much stronger than the previously reported 0.6%. The latest data has raised more questions about when the Federal Reserve could begin cutting interest rates, following robust employment gains in March and a pick-up in consumer inflation. Markets are now pricing in a 41% chance of the Fed cutting rates in July, compared with around 50% before the data, according to CME FedWatch tool. The likelihood of the first cut coming in September has bumped up to nearly 46%. "I just see no chance of a July cut, assuming we’re all looking at the same data," said Matt Simpson, senior market analyst at City Index. Underlining the market bets, the president of the San Francisco Federal Reserve Bank, Mary Daly, said late on Monday in the United States that there is "no urgency" to cut U.S. interest rates. The U.S. dollar index touched 106.37 on Tuesday, the highest since Nov. 2. In the face of dollar strength, the yen breached 154 per dollar to hit its weakest level in 34 years. That kept traders on high alert for yen-buying intervention from Japanese authorities. With hedge funds building up their largest bets against the currency in 17 years, a rebound in the yen could trigger a significant rally. In Tokyo, Japanese Finance Minister Shunichi Suzuki said on Tuesday he was closely watching currency moves and will take a "thorough response as needed", after the dollar hit a 34-year high. The yen last hovered around 154.40 per dollar, close to the new resistance level of 155. Despite verbal warnings, "the test of 155 seems too tempting," and market forces are likely to drive the currency pair higher, said Simpson at City Index. "How it reacts around that level should provide a good indication of whether (Japanese authorities) have thrown in the towel with intervention." The offshore Chinese yuan fell to 7.2831 per dollar for its lowest mark since Nov. 14, before picking up after official data showed China's economy grew 5.3% in the first quarter year-on-year, comfortably beating analysts' expectations. But China's retail sales missed expectations, a worrying sign for consumer confidence and reflection of the economy's uneven recovery. Elsewhere, the euro brushed $1.06070, the weakest since Nov. 2, as it continued to slump after the European Central Bank last week left the door open to a rate cut in June. The Australian dollar dropped to $0.64085, its lowest since Nov. 14. The kiwi slipped to a five-month low of $0.58815. Bitcoin fell 0.26% to $62,978.00. (Reporting by Brigid Riley; Editing by Stephen Coates and Neil Fullick)... - 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:** ["Ethereum(CRYPTO: ETH)prices have historically proven very volatile. It's not uncommon to see its value double or triple in a matter of months. In other months, however, its price has been cut in half or worse.\nBut what about the long term? If you had invested $300 into Ethereum five years ago, and held on, you'd likely be very pleased with the outcome.\nIf you had put $300 into Ethereum five years ago, you'd have roughly $5,600 today. That's a 1,770% return, even higher thanBitcoin's 1,000% performance over the same period. TheS&P 500, for comparison, increased in value by just 87%.\nBut before you jump in and buy Ethereum, there are a few important caveats to note.\nFirst, Ethereum was still a young, relatively unknown technology five years ago. The crypto industry has come a long way since then, with far greater utility, adoption, and recognition. It's possible that Ethereum's biggest days of growth are behind it.\nSecond, these eye-popping returns were only accrued by investors with so-calleddiamond hands-- that's crypto terminology for holding tight through extreme ups and downs. If you purchased Ethereum five years ago only to sell it at the start of 2023, for example, you'd only be sitting on a 640% gain. That's still impressive, but far less than what patient investors have earned. Conversely, if you purchased Ethereum at the start of 2022 only to sell one year later, you would have lost two-thirds of your original investment!\nEthereum has proven a terrific long term investment, but its short term movements are difficult to predict.\nBefore you buy stock in Ethereum, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Ethereum wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $544,015!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of April 30, 2024\nRyan Vanzohas positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has adisclosure policy.\nIf You'd Invested $300 in Ethereum 5 Years Ago, Here's How Much You'd Have Todaywas originally published by The Motley Fool", 'Coinbase Global(NASDAQ: COIN)is a cornerstone of the cryptocurrency ecosystem, providing investors with an easy on-ramp to convert their dollars into a plethora of different tokens. While it isn\'t the only company providing those services, it\'s clear that with such a privileged position, its offerings tend to have big impacts for cryptocurrencies, including popular ones likeSolana(CRYPTO: SOL).\nCoinbase recently launched a new service that\'ll likely catalyze growth for Solana, as well as for the many meme coins that are on the chain. Here\'s what\'s happening, and how you can position yourself to profit.\nIt\'s difficult to get into cryptocurrency investing for the first time. Much of theblockchaintechnology itself is clunkier than typical consumer-grade software applications. Plus, the space has so much technical lingo to learn, so many slang terms to be aware of, and a reputation for scams and risk that it\'s enough to keep many people away altogether.\nCoinbase is working on solving some of those issues by launching a new and highly streamlined platform for people to hold and utilize their coins.\nThe new Coinbase "smart"walletis compatible withBitcoin,Ethereum, and Solana, as well as every ERC-20 chain. It can interface with decentralized applications (dApps) and decentralized exchanges (DEXes), store non-fungible tokens (NFTs), connect to a user\'s bank account, and freely transact with a user\'s Coinbase account. Everything that people could do with a self-managed wallet, including staking tokens to a liquidity pool, swapping token pairs, and borrowing or lending crypto, is doable with the new wallet.\nCoinbase hopes that its innovation will bring as many as 1 billion people into the crypto markets because of how easy investing in the space will become compared to how it is now. It\'s unclear whether the company will be able to onboard all of the users it\'s hoping for. But if it succeeds in bringing in even a fraction of the population it\'s hoping for, the implications for the cryptocurrency markets, especially Solana, are likely to be gargantuan.\nOn the Coinbase website currently, users are limited to transacting in the cryptocurrencies that the company selects as being appropriate, which tend to be the currencies that are the most reputable. That means the biggest meme coins, likeShiba InuandDogecoin, are tradeable, but up-and-coming coins are often not available until long after an investor might prefer to start a position.\nWith the new wallet there is still the constraint of only being able to transact in coins that Coinbase has opted to list the information of, and it can still take a long time for the company to list promising new issues. But as the wallet allows for trading via decentralized exchanges (DEXes), the business does not need to hold the tokens itself, so the accessible universe of investable projects is much larger. So investors will now have a chance to invest in coins much earlier than before, and are generally able to invest in much smaller coins should they choose to do so.\nFor coins on the Solana chain, where many of the smaller and riskier meme coins reside, the new wallet could drive significant growth across the board. If Coinbase opts to list projects more loosely than it currently does for users of its wallet, which will be necessary if it intends to defend the claim that its wallet enables people to maintain full custody and control of their cryptocurrency holdings, the impact will be even larger.\nEither way, this is a big green flag for Solana and meme coin investors alike.\nIt isn\'t necessary to start investing in meme coins yourself to take advantage of the influx of capital spurred by Coinbase\'s new wallet. Nor is it necessary to actually download the wallet yourself if you already have a setup that works for you. The safest way to get exposure to the anticipated upside is to simply buy Solana and hold it for the long term, as anyone doing meme coin trading on the chain will need to buy its native token first.\nIf you want to get a bit fancier by additionally dabbling in meme coins, do yourself a favor and stick to the proven winners rather than the allegedly rising contenders. The reigning champions will still be very risky and volatile.\nBut they\'re also going to be the entry point that most new cryptocurrency investors will have to meme coin investing by virtue of their size and proven effectiveness at winning attention share over time. And, at least in the case of Shiba Inu and Dogecoin, they have enough of a history that it is very unlikely for their prices to collapse to zero.\nMost of all, don\'t take risks with money that you can\'t afford to lose. Play the long game, and play it cautiously. If you haven\'t yet diversified your portfolio sufficiently, the best move is to do that before approaching the idea of buying Solana or meme coins, as responsible financial stewardship of your portfolio is a bigger priority.\nBefore you buy stock in Coinbase Global, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Coinbase Global wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $544,015!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of April 30, 2024\nAlex Carchidihas positions in Bitcoin, Ethereum, Shiba Inu, and Solana. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, Ethereum, and Solana. The Motley Fool has adisclosure policy.\nThis 1 Catalyst From Coinbase Could Send Solana Meme Coins Skywardwas originally published by The Motley Fool', 'Historically,investing in the stock market has yielded reliable returns. Particularly, investing in the S&P 500 has proven to bea reliable and rather safe investment that can yield significant gains if held over several decades.\nCheck Out:‘Rich Dad’ Robert Kiyosaki Reveals Why the 401(k) Is a ‘Horrible’ Retirement Plan\nRead Next:6 Unusual Ways To Make Extra Money (That Actually Work)\nThe initial financial effects of the pandemic tanked the U.S. economy in 2020. Although, the stock market made a strong recovery in 2023. The S&P 500 surged over 24%, according to financial expert and “Rich Dad Poor Dad” author Robert Kiyosaki.\nHowever, now Kiyosaki is sounding the alarm about potential financial troubles ahead.\n“FYI. Bank Credit just sold off like 2008. Get some cash out of banks as you need cash. This may be the start of the biggest crash in history.\xa0Hope I am wrong yet no time to play Russian Roulette with your life,”Kiyosaki explained in a recent tweet from Dec. 10, 2023.\nIn another tweet on Dec. 11, 2023, Kiyosaki furthered his point by referring to predictions from his book which later came true and reiterated the eminent crash of the S&P 500: “‘Savers are losers’ and ‘Your home is not an asset’ which came true in 2008. People are still laughing at those 1997 predictions. Watch for m **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: 2024-05-05 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,264,024,777,388 - Hash Rate: 608775950.3461711 - Transaction Count: 625998.0 - Unique Addresses: 429326.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.69 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC)has rallied past its all-time highs, reaching an unprecedented $72,000 on March 11. This 9.5% surge over the past week has been volatile, marked by a 4.8% intraday jump followed by a 5.9% dip. Despite the milestone, Bitcoin bulls remain cautious due to a concerning rise in leverage through Bitcoin futures contracts. The currentopen interest in Bitcoin futuressits at a staggering $35.8 billion, raising concerns about overreliance on leveraged positions. While this data reflects investor interest, it doesn't guarantee a bullish trend. However, this does signal potential volatile swings in the price of Bitcoin. Furthermore, the Chicago Mercantile Exchange (CME) now holds the largest share of Bitcoin futures, surpassing traditional crypto exchanges. However, this dominance wasn't present during the November 2021 peak, which was followed by a rapid 31.5% price decline. In terms of Bitcoin open interest specifically, the current figure is 27% lower than its October 2022 peak. Despite its limitations, the current 495,380 BTC in open interest is significant enough to trigger sharp volatility when prices fluctuate. This was evident on March 4, when a massive $325 million in leveraged positions was liquidated.... - 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 11 consecutive weeks of outflows, the Grayscale Bitcoin Trust ETF (GBTC) has finally experienced a positive gain of $63 million. The continuous cashing out by investors had been a result of the approval and subsequent popularity of competing spot Bitcoin ETFs since January, causing GBTC\'s outflows to significantly impact the emerging space.\nDespite the recent outflows, GBTC still remains the largestBitcoinspot ETF, managing over $18.7 billion in assets and holding about 297,000 Bitcoin. However, the consistent outflows allowed newer competitors to narrow the gap, with the BlackRock iShares Bitcoin Trust (IBIT) amassing $17.2 billion in assets as of Tuesday. To counterbalance its losses, Grayscale has proposed the introduction of a "mini" Bitcoin ETF with reduced fees, aiming to enhance its competitiveness.\nThe positive news for Grayscale comes on the heels of a down day for its competitor, the IBIT ETF from investment giant BlackRock. While IBIT had grown to $15.4 billion since its launch on Wall Street, it experienced a contraction of $37 million on the previous day, according to Farside Investors. Furthermore, all ETFs collectively witnessed outflows of $563 million, marking their worst day ever due to a decline in BTC\'s price on Wednesday.\nThe news of GBTC\'s inflows led to surprise and excitement in the market. Bloomberg ETF analyst Eric Balchunas expressed his astonishment on Twitter,stating, "Holy crap $GBTC had inflows today. Their 80-day-ish streak is finally over. I had to run my eyes and double check the data but it\'s true."', 'After 11 consecutive weeks of outflows, the Grayscale Bitcoin Trust ETF (GBTC) has finally experienced a positive gain of $63 million. The continuous cashing out by investors had been a result of the approval and subsequent popularity of competing spot Bitcoin ETFs since January, causing GBTC\'s outflows to significantly impact the emerging space.\nDespite the recent outflows, GBTC still remains the largestBitcoinspot ETF, managing over $18.7 billion in assets and holding about 297,000 Bitcoin. However, the consistent outflows allowed newer competitors to narrow the gap, with the BlackRock iShares Bitcoin Trust (IBIT) amassing $17.2 billion in assets as of Tuesday. To counterbalance its losses, Grayscale has proposed the introduction of a "mini" Bitcoin ETF with reduced fees, aiming to enhance its competitiveness.\nThe positive news for Grayscale comes on the heels of a down day for its competitor, the IBIT ETF from investment giant BlackRock. While IBIT had grown to $15.4 billion since its launch on Wall Street, it experienced a contraction of $37 million on the previous day, according to Farside Investors. Furthermore, all ETFs collectively witnessed outflows of $563 million, marking their worst day ever due to a decline in BTC\'s price on Wednesday.\nThe news of GBTC\'s inflows led to surprise and excitement in the market. Bloomberg ETF analyst Eric Balchunas expressed his astonishment on Twitter,stating, "Holy crap $GBTC had inflows today. Their 80-day-ish streak is finally over. I had to run my eyes and double check the data but it\'s true."', 'The Bitcoin network recorded its one billionth transaction, according to data from Clark Moody’s Bitcoin dashboard.\nBitcoin transactions and their corresponding fees have been a key discussion point among industry participants in recent weeks, in part, due to the introduction of Bitcoin Ordinals and Runes.\nThe latter, a fungible token protocol launched in tandem with the latest Bitcoin halving last month, raised transaction fees to an all-time record during its debut.\nThe halving reduces miners’ rewards by 50% roughly every four years, with the latest quadrennial event cutting them from 6.25 Bitcoins to 3.125.\nBitcoin is the world’s first blockchain-based cryptocurrency.\nThe network’s genesis block was mined by its founder Satoshi Nakamoto in January 2009.\nFirst introduced by the pseudonymous founder as a peer-to-peer payment system, Bitcoin has historically been an inefficient blockchain for tokenized assets such as non-fungible or fungible tokens when compared to other networks like Solana or Ethereum.\nThe introduction of Bitcoin Ordinals brought a new wave of tokenized assets onto the network by inscribing data onto satoshis, the smallest unit of Bitcoin, allowing a rendition of NFTs to exist on the network.\nWith the launch of Runes, primarily used for memecoins today, fungible tokens can potentially introduce new possibilities to the network, such as expanded applications for decentralized finance.', 'The Bitcoin network recorded its one billionth transaction, according to data from Clark Moody’s Bitcoin dashboard.\nBitcoin transactions and their corresponding fees have been a key discussion point among industry participants in recent weeks, in part, due to the introduction of Bitcoin Ordinals and Runes.\nThe latter, a fungible token protocol launched in tandem with the latest Bitcoin halving last month, raised transaction fees to an all-time record during its debut.\nThe halving reduces miners’ rewards by 50% roughly every four years, with the latest quadrennial event cutting them from 6.25 Bitcoins to 3.125.\nBitcoin is the world’s first blockchain-based cryptocurrency.\nThe network’s genesis block was mined by its founder Satoshi Nakamoto in January 2009.\nFirst introduced by the pseudonymous founder as a peer-to-peer payment system, Bitcoin has historically been an inefficient blockchain for tokenized assets such as non-fungible or fungible tokens when compared to other networks like Solana or Ethereum.\nThe introduction of Bitcoin Ordinals brought a new wave of tokenized assets onto the network by inscribing data onto satoshis, the smallest unit of Bitcoin, allowing a rendition of NFTs to exist on the network.\nWith the launch of Runes, primarily used for memecoins today, fungible tokens can potentially introduce new possibilities to the network, such as expanded applications for decentralized finance.', "Join Web3 GP at three Hong Kong blockchain conferences this May, where sim racetracks become the battleground for an unprecedented display of speed, technology, and automotive artistry.\nHONG KONG, May 06, 2024 (GLOBE NEWSWIRE) --Web3 GP, a ground-breaking supercar racing platform that integrates Web3 Play-to-Earn (P2E) technology with open-source technology from the hottest racing sims, has announced they will be on display at the following May conferences in Hong Kong:\n• 8 May: FORKED(Soho House,frkd.io)\n• 9-10 May: Bitcoin Asia(Kai Tak Cruise Terminal,b.tc/conference/asia)\n• 11 May: Ordinals Asia(Soho House,ordinalsasia.com)\nRacing fans are invited to drop by the Web3 GP booth at these events to witness firsthand an exclusive, thrilling sim car race featuring a lineup of the rarest and most limited edition supercars ever designed. The Web3 GP virtual race circuit mirrors the world's most iconic tracks, from the sweeping curves of the Nürburgring to the demanding straits of Le Mans. The digital replication of these legendary courses is a fitting stage for an ultimate demonstration of prowess, pushing the boundaries of speed and precision.\nVideo:https://www.youtube.com/watch?v=1P7zovuPhJ8\nThe Best Open-Source Sim Racing Combined with Blockchain and Crypto\nWeb3 GP offers the highest standards in supercar simulation. It features a finely tuned virtual physics engine that replicates every nuance of the hottest limited edition supercars, ensuring that the digital experience mirrors the exhilaration of a real-life race. Skilled enthusiast drivers with a passion for high-performance machines can navigate the twists and turns with a precision that showcases the capabilities of their exclusive vehicles.\nBy combining P2E features with technology from some of the best racing sims — including top names such as Gran Turismo 7, Assetto Corsa, Project Cars 2, Automobilista 2, rFactor 2 and iRacing — Web3 GP represents a cutting-edge integration of supercar racing and blockchain technology. Sim racers earn Web3 GP’s proprietary $WGPX tokens for completing in-game achievements, such as winning races, setting track records, or reaching specific milestones.\nWGPX are tokens built on the Bitcoin Ledger by deploying ordinal inscriptions technology and function as NFTs representing in-game assets that players actuallyown, including cars, skins and accessories.\nAs WGPX tokens adhere to the Bitcoin standard, they are built directly on the Bitcoin network without any need for a separate token or sidechain, inheriting Bitcoin’s multi-layered security, making them among the most modern, efficient and secure tokens in the world.\nSetting a new standard for the convergence of luxury, technology, and speed, the Web3 GP limited edition supercar race will leave an indelible mark on the virtual racing world.\nAbout Web3 GPWeb3 GP was launched in 2024 as a ground-breaking supercar sim racing game that leverages Play-to-Earn GameFi technology. Sim Racers earn $WGPX inscriptions representing in-game assets as rewards for completing in-game achievements.\nOfficial ChannelsWeb3 GP Website:https://web3gp.io/Web3 GP Twitter/X:https://twitter.com/WGPX_RacingWeb3 GP Telegram:https://t.me/+hrQGKYBQj0kwODk9Web3 GP Youtube:https://www.youtube.com/@WGPXWeb3 GP Discord:https://discord.com/invite/ZFpgFvbzueWeb3 GP Linktr.ee:https://linktr.ee/wgpx\nMedia [email protected]@yourPRstrategist.com\nA photo accompanying this announcement is available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/0b67ceab-4dcc-489d-97f4-c877eb65b284", "Join Web3 GP at three Hong Kong blockchain conferences this May, where sim racetracks become the battleground for an unprecedented display of speed, technology, and automotive artistry.\nHONG KONG, May 06, 2024 (GLOBE NEWSWIRE) --Web3 GP, a ground-breaking supercar racing platform that integrates Web3 Play-to-Earn (P2E) technology with open-source technology from the hottest racing **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: 2024-05-06 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,279,824,751,538 - Hash Rate: 534321337.7139056 - Transaction Count: 519817.0 - Unique Addresses: 466177.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.71 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Japanese-American businessman and “Rich Dad Poor Dad” author Robert Kiyosaki is warning that the biggest bubble in history willdestroy baby boomers’ retirement savingsbecause they are the “the first generation with flimsy 401(k)s.” Robert Kiyosaki:This Is the No. 1 Asset Everyone Can AffordFind:One Smart Way To Grow Your Retirement Savings in 2024 Posting on X (formerly Twitter),Kiyosaki addresseda potential economic crash: “BABY BOOMERS BUST. Tragically biggest bubble in history will wipe out baby boomers because Boomers are the first generation with flimsy 401ks. Stock market set to crash. Time to get real is now. Buy real assets: gold, silver, Bitcoin before the biggest bubble in history goes bust,” he wrote. Not one to shy away from histrionics, Kiyosaki “is not entirely off base when it comes to the precarious state of baby boomers’ retirement savings,”according to Benzinga. Back in 2022, researchers at the Center for Retirement Research at Boston College found retirees with pension plans tend to draw down their finances more slowly than those who rely solely on 401(k). Thestudysuggested new retirees are at serious risk ofoutliving their retirement savingsby the time they turn 85. Kiyosaki’s investment strategy is based on acquiring assets that generate cash flow rather than accumulating liabilities. So, building assets and physical commodities like real estate, gold and silver. More recently, the investor and financial education advocate has been touting Bitcoin over fiat currency, predicting a growth of $100,000 by June and $300,000 by the end of the year, per Bitcoin.com. A vocal critic of the current government administration, Kiyosaki has been bullish on buying and promoting gold, silver and cryptocurrency as protection against the current erosion of wealth and weakening of the U.S. dollar. Should you jump on board? Here’s what Kiyosaki has to say about his preferred assets: Sponsored:Protect Your Wealth With A Gold IRA. Take advantage of the timeless appeal of gold in a Gold IRA recommended by Sean Hannity. According to Kiyosaki, the financially educated rich rely on real money and that a worthless dollar doesn’t need to be saved. “Cash is trash,” claims hisRich Dad website. In Kiyosaki’s world, dollars should be used only to invest into assets that will go up in value, not down. Gold and silver are “God’s money,” according to Kiyosaki, who is well known for his positive stance on precious metals as an investment and advocating for gold’s use as a hedge against economic uncertainty and inflation. Silver, much less valuable than gold, is a smart investing option for Kiyosaki too, because it’s becoming rarer due to its industrial usage. It’s a much easier buy than pricey gold, as well. It’s ironic that Kiyosaki recommends buying the historically volatile crypto in unstable times and abandoning “fake money.” But he believes whole-heartedly in Bitcoin, predicting 2024 values above and a $500,000 value in 2025. Today, Bitcoin is trading at over $65,500, per USA Today. More importantly, the first cryptocurrency is up by 132.15% year-over-year and quickly approaching last month’s all-time high of $73,835.57. “BITCOIN on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500,” Kiyosakiposted March 6 on X. More From GOBankingRates • The Single Best Thing To Buy at Aldi in March 2024 • 10 Cars That Outlast the Average Vehicle • This is One of the Best Ways to Boost Your Retirement Savings in 2024 • 6 Things You Should Never Do With Your Tax Refund (Do This Instead) This article originally appeared onGOBankingRates.com:Robert Kiyosaki Warns of Impending ‘Baby Boomers Bust’ — What Should You Do?... - Reddit Posts (Sample): [['u/GoatBoyy777', 'Safemoon is absolutely garbage. ', 24, '2024-05-06 01:07', 'https://www.reddit.com/r/SafeMoon/comments/1cl492e/safemoon_is_absolutely_garbage/', 'Back in 2021, I had the opportunity of a lifetime when it comes to crypto. Out of all the tokens, BTC, ETH, and alt coins, I chose to go all in on safemoon. I have never touched that money since. I did one of those things where you buy a shit ton and then just check back years later. Unfortunately, I chose the worst crypto possible. I even sold all my dogecoin when it was at a fraction of a cent for safemoon. Man I really chose the wrong route. I think my safemoon is now worth like a few dollars 😂. I know they switched over to safemoon v2 but I did swap em over a couple years back and lost like half of the value converting them. Absolute shitcoin. ', 'https://www.reddit.com/r/SafeMoon/comments/1cl492e/safemoon_is_absolutely_garbage/', '1cl492e', [['u/SnooMemesjellies5506', 36, '2024-05-06 23:32', 'https://www.reddit.com/r/SafeMoon/comments/1cl492e/safemoon_is_absolutely_garbage/l2w2583/', 'Honestly if you went all in on safemoon you deserve what you got, you clearly had 0 idea of what you are doing and just yolo into it. This is financial investment, you don’t just invest into some random coin all in, you really need to reconsider why you thought you should post this, safe moon is garbage but your financial decisions is the landfill', '1cl492e']]], ['u/cryptoconniption', 'In case you die with BTC...', 405, '2024-05-06 01:13', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/', "Looking for advice: I have a decent sized portfolio, mostly BTC and it's all on Ledger. My father is in his 80s and not very good with computers. I've tried to teach him how to use it but it's not happening. What should I do to prepare for the hopefully unlikely event that I die before him? I also have a sister but she's terrible with computers also and I don't trust her. I want them to have everything if the worst happens.\n\nThoughts?\n\nBTW, I had a very expensive accountant help me out with my crypto taxes and thought that I could instruct my father to have him help but I didn't use that accountant this year because I stopped trading and didn't need someone at his level doing my taxes anymore.", 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/', '1cl4df3', [['u/Holdino01', 146, '2024-05-06 01:25', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2r98pc/', 'Following for advice, good question', '1cl4df3'], ['u/NiagaraBTC', 21, '2024-05-06 01:38', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rb2dq/', 'Ideally here you have someone you can trust who understands Bitcoin and can help your dad or sis with recovery.\n\nWithout that person, this is where a service like Nunchuk or Unchained would be of assistance.', '1cl4df3'], ['u/humdinger44', 71, '2024-05-06 01:39', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rb6iw/', 'If i were you I would just put some meager effort into trying to outlive an 80 yr old.', '1cl4df3'], ['u/zorg621', 42, '2024-05-06 01:43', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rbrc2/', "Posted this on another comment below. But Ben from BTC Sessions has put together a company teaching people this exact thing. \n\nwww.bitcoinmentor.io \n\nI'm one of the mentors on the site, check it out if curious. If not no worries 🤙", '1cl4df3'], ['u/illbegood11', 327, '2024-05-06 01:50', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rcnin/', 'Get a lawyer who specializes in estates and bitcoin.', '1cl4df3'], ['u/cryptoconniption', 10, '2024-05-06 01:50', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rcowa/', "I'll check out those companies. Unfortunately I don't have any friends into crypto", '1cl4df3'], ['u/bigheader03', 78, '2024-05-06 01:58', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rdpxs/', "I come from two families (my biological and inlaws) where I can completely trust my finances with either of them. \n\nI told my wife, if anything happens to me, take the seed phrase and give it to my brother or hers, and they'll know what to do. \n\nIt really does make me sad we live in a world where people don't have the luxury of trusting their own family with their finances.", '1cl4df3'], ['u/TopKekistan76', 17, '2024-05-06 02:03', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2reheu/', 'You should look into opening a trust. Security of the seed phrase may still be a bit tricky but a trust will allow you to pass along very clear directions and give the people you wish to have it all the necessary info as part of the legal settling of the trust.', '1cl4df3'], ['u/LTFitness', 15, '2024-05-06 02:24', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rhe24/', 'Never a popular suggestion here, but this is my advice. \n\nTransfer off hardware and onto an exchange like Coinbase. \n\nWhy? Then it’s not just a hardware wallet your father has no idea what to do with, no maybe even a lawyer you have set up to handle your will. \n\nHowever your father and a lawyer know how to operate a phone, and with the information needed in hand, they can work with an exchanges customer service to get the funds where they need to be with legal documentation. \n\nYour ledger isn’t going to listen to or comply a legal order, it can’t…however an exchange customer service can.', '1cl4df3'], ['u/GMEthLoopring', 87, '2024-05-06 02:27', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rhu1x/', 'Honestly?\n\nThe ETF is great for this, much easier to transfer upon death than… something most people can’t figure out', '1cl4df3'], ['u/Large_Subject_4153', 38, '2024-05-06 02:36', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rj1e6/', 'Problem if OP already has a sizable stack would be paying capital gains taxes to then buy ETF.', '1cl4df3'], ['u/SoupaSoka', 12, '2024-05-06 02:40', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rjkrv/', 'Not a popular suggestion, but absolutely one that is worth consideration, at least. Gotta weigh the pros and cons.', '1cl4df3'], ['u/Mrgod2u82', 27, '2024-05-06 03:06', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rn6oz/', "Like not driving, not flying, living in a basement, having groceries bought for you (health ones of cource), etc.\n\nReality is that shit happens. A driver could head on you, the plane could crash, you could get killed in the grocery store.\n\nShit happens and planing for it isn't a bad idea.\n\nTrying isn't the be all end all.", '1cl4df3'], ['u/GMEthLoopring', 11, '2024-05-06 03:09', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rnjez/', 'If it’s long term gains at 15%, not terrible overall considering you gotta pay tax on gains EVENTUALLY\n\nResets cost basis and gets some security, slightly less efficient but fo', '1cl4df3'], ['u/freighttrainmatt', 18, '2024-05-06 03:18', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rotfa/', 'I appreciate your trust in your family but money changes things. I just want to make you privy to that, you are not exempt from that if we are talking a large sum.', '1cl4df3'], ['u/F101crypto', 130, '2024-05-06 03:40', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rrszn/', 'Finding a good ( non corrupt non / full of crap) attorney or account good with crypto and estate planning in the USA ?? Yeh right. Share a short list please . That WOULD be great alpha', '1cl4df3'], ['u/Austeri', 10, '2024-05-06 04:19', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rxcdr/', 'Have you ever talked to an attorney lol', '1cl4df3'], ['u/chrisjoneschrisjones', 11, '2024-05-06 04:21', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2rxlk8/', 'Your heirs should be able to take advantage of a cost basis step-up if you hold the original Bitcoin, so in more cases it’s probably better to keep it as is and figure out how to make sure they know what to do.', '1cl4df3'], ['u/DominilocO', 12, '2024-05-06 04:27', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2ryg6i/', 'Its ok bro, less btc in circulation.', '1cl4df3'], ['u/Ryan_D_Lion', 12, '2024-05-06 04:51', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2s1k7h/', "Nope.\n\nCouldn't disagree more.\n\nMoney doesn't change people.\n\nIt only amplifies what's already there.\n\nIn addition if you can't trust your family then you have a shitty family member. Sorry to be the bearer of the blunt honest truth.", '1cl4df3'], ['u/Probablyinsanes', 81, '2024-05-06 05:00', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2s2n24/', 'This is fair. Very long story short (don’t know every detail), my great aunt had millions of dollars and when she passed her attorney took everything.', '1cl4df3'], ['u/freighttrainmatt', 12, '2024-05-06 05:11', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2s41tv/', 'Use whatever euphemism you want, but you don’t know until it happens. So be prepared and put things in writing. You are absolutely right, shitty people can be born into our families. It doesn’t define me or you but you need to be prepared if they rear their ugly heads. Just something to think about', '1cl4df3'], ['u/justsomejabroni', 10, '2024-05-06 05:32', 'https://www.reddit.com/r/Bitcoin/comments/1cl4df3/in_case_you_die_with_btc/l2s6lf7/', 'My dad is 78 and has never used a cellphone or computer. Do u get many clients like that?', '1cl4df3'], ['u/Tabula_Rasa69', 35, '2024-05-06 05:36', 'ht... 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:** ["VILNIUS, Lithuania,May 7, 2024/PRNewswire/ --CCPaymentis proud to announce the launch of itsunique payment API, which allows digital businesses to add dynamism to their checkout pages.\nWith this API, businesses can easily integrate crypto payments to their existing checkout pages, so customers can pay with Bitcoin, Ethereum, Stablecoins, and other popular cryptocurrencies, and confirm their transactions instantly, with minimal fees.\nThis facilitates convenience and flexibility, making it possible for businesses to go borderless, opening doors to a global marketplace.\n• CCPayment's new API has been launched, allowing businesses to accept 900+ cryptocurrencies as payment for goods and services.\n• CCPayment excels at crypto payment solutions across several industries, including iGaming, Finance, Advertising, Brokers, and Exchanges to name a few.\n• CCPayment allows API deposits for a low fee of 0.03%, compared to the industry average of 1%\n• CCPayment automates the cashout process with auto-swap, crypto-to–fiat swap, and auto-withdrawal features.\nAdvantages of\xa0CCPayment Compared To Other Crypto Payment Processors\n1. Fees:CCPayment'sfee structureis by far the best amongst other crypto payment processors available currently. CCPayment charges 0.03% for API deposits - way lower than the average industry fee of 1%.\n2. Blockchain Infrastructure:CCPayment\xa0owns powerful blockchain nodes, which can detect transaction statuses and credit amount accordingly and send immediate notification to client's server.\n3. Dedicated Account Manager:Each merchant account on CCPayment\xa0has a dedicated account manager who can be promptly reached to get customized services, negotiate fees, make special requests like supporting specific token, or provide feedback for prompt resolutions.\nFeatures of CCPayment's New Payment API\n• Easy To Integrate:Integrating CCPayment's cryptopayment APIto your existing checkout page is extremely easy and can be completed within a few hours.\n• Supports Auto-Withdrawal:All cryptocurrencies accepted from the payment API can be automatically withdrawn into an external wallet or exchange upon receipt.\n• Supports Auto-Swap:Cryptocurrencies deposited from the payment API can be automatically swapped to stable coins to hedge against potential volatility.\n• Easy Onboarding Process: The onboarding process is as simple as in 3 simple steps,register an account, verify website ownership, integration and activation. It is smooth, short, requires no documentation, and it automatically generates an internal wallet for you upon sign-up.\nAbout CCPayment\nCCPayment, Hash AI Technology Limited, alongside its sister projectCwallet, brings over five years of experience in the cryptocurrency industry. This ensures that businesses can seamlessly accept crypto payments without any complications.\nAs a\xa0crypto payment gateway, CCPayment facilitates the acceptance and processing of cryptocurrency payments for businesses and merchants. It serves as an intermediary between customers who wish to pay with cryptocurrencies like Bitcoin and businesses that want to receive these crypto assets for their products or services.\nCheck outCCPaymenttoday and open your business to a world of possibilities.\nMedia Contact:\nMaxMarketing [email protected]\nView original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ccpayment-launches-new-payment-api-900-cryptocurrencies-accepted-now-as-payment-302136698.html\nSOURCE CCpayment", "• US stocks surged on Monday amid solid first-quarter earnings reports and renewed hopes of interest rate cuts.\n• Rate cut wagers grew following Friday's lighter-than-expected April jobs report.\n• The futures market is now pricing in at least two interest rate cuts by the end of the year.\nUS stocks surged on Monday, extending gains from Friday and marking the best three-day rally of the year as investors cheered solid first-quarter earnings report and hopes for interest rate cuts were renewed.\nOf the 80% of S&P 500 companies that have so far reported results, 81% are beating profit estimates by a median of 7%. Meanwhile, 61% of companies have beaten revenue estimates by a median of 4%, according to data from Fundstrat.\nImportantly, most mega-cap tech companies that have held up the stock market in recent years reported solid earnings growth and reiterated their outlooks for higher sales and profits. The major companyleft to report results is Nvidia,which is scheduled to deliver earnings on May 22.\nMeanwhile, the jolt of hope for interest rate cuts followedthe Friday release of the April jobs report, which was weaker-than-expected based on economists forecasts. The US economy added 175,000 jobs last month, compared to estimates for nearly 250,000 jobs.\nThe futures market sees two 25-basis point interest rate cuts from the Federal Reserve by the end of the year, which is an increase from the recent pricing of just one interest rate cut a week ago.\nInvestors will look for further clues about interest rate cuts from several Federal Reserve members this week, with nine scheduled to speak between throughout the week.\nFed President Tom Barkin said on Monday that the economy has to slow down further before interest rate cuts can happen, but markets largely didn't appear to take that as an overly hawkish view.\nHere's where US indexes stood at the 4:00 p.m. closing bell on Monday:\n• S&P 500:5,180.74, up 1.03%\n• Dow Jones Industrial Average:38,852.27, up 0.46% (+176.59 points)\n• Nasdaq composite:16,349.25, up 1.19%\nHere's what else happened today:\n• Berkshire Hathaway released its first-quarter earnings results over the weekend,and revealed it held $189 billion in cash.\n• Here's what Berkshire Hathaway CEO Warren Buffett had to sayat his company's annual shareholder meeting.\n• Inflation is scrambling Americans' perceptions of middle-class lifeas rising prices weigh on consumers' purchasing power.\n• Nvidia is dominating an AI-obsessed earnings season,and it hasn't even reported its results yet.\n• Elon Musk said Warren Buffett should buy Tesla stock for Berkshire Hathaway,but that's probably never going to happen.\n• The US government is paying $2 million per minute in interest expenses,and that number is only set to grow from here.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil jumped 0.60% to $78.58 a barrel.Brent crude, the international benchmark, rose 0.51% to $83.38 a barrel.\n• Goldedged higher by 1.07% to $2,333.40 per ounce.\n• The 10-year Treasury yield fell 2 basis points to 4.49%.\n• Bitcoinedged lower by 1.46% to $63,099.\nRead the original article onBusiness Insider", "• The hacker sent 11 batches of 100 ether to Tornado Cash over a two-hour period.\n• The wallet also sent $32 million worth of bitcoin to an unlabelled wallet last week.\nA hacker thatstole $125 million from Poloniex's hot walletsin November has sent 1,100 ether {{ETH}} to sanctioned coin mixer Tornado Cash, according toblockchain data.\nThe ether, worth roughly $3.3 million, was sent to Tornado Cash in 100 ETH batches on Tuesday, having been dormant for 178 days.\nThe Poloniex hacker also sent 501 bitcoin {{BTC}} worth $32 million to an unlabelled wallet on April 30. It still holds a total of $181 million worth of crypto across various blockchains, Arkhamdata shows.\nTornado Cash is a protocol that allows users to obfuscate crypto tokens by mixing assets across multiple wallets over a prolonged period of time. It wassanctioned by the U.S. Treasury Departmentin 2022 shortly after it was used by North Korean hacking group Lazarus, which attempted to hide funds secured from the$625 million Axie Infinity exploit.\nBlockchain security firm Elliptic said in March thatLazarus Group used Tornado Cash to launder $12 millionfrom the Heco Bridge hack, which occurred shortly after the Poloniex Hack.", '• Bitcoin rebound spurs demand for out-of-the-money calls at strikes from $70,000 to $100,000.\n• Analysts said the path of least resistance for bitcoin is on the higher side.\nBitcoin\'s {{BTC}} renewed price upswing has options traders reconsidering the possibility of the cryptocurrency reaching the $100,000 level at some point this year.\nThe leading cryptocurrency by market value has risen over 12% to $63,470 since Federal Reserve Chairman Jerome Powellruled outadditional tightening or rate hikes as the next policy move last Wednesday, CoinDesk data show. Friday\'s disappointing U.S. nonfarm payrolls (NFP) data validated Powell\'s stance, accelerating BTC\'s recovery.\nAs such, there has been a notable increase in demand for bitcoin call options on leading cryptocurrency exchange Deribit and over-the-counter (OTC) networks. These options are specifically targeting a rally to new highs, potentially surpassing $75,000 and even reaching $100,000.\n"We are seeing some bullish follow-through in volatility and rates following the reversal bounce from Friday and into the weekend. BTC risk reversals have gone positive (calls more expensive than puts), and [there has been a] renewed demand for BTC Sep expiry $75,000 and $100,000 calls," QCP Capital said in a note on Monday.\nA call option gives the right to purchase the underlying asset at a predetermined price on or before a specific date. A call buyer is implicitly bullish on the market and a put option buyer is bearish.\nOTC institutional cryptocurrency trading network Paradigm made a similar observation Monday, stating increased demand for out-of-the-money (OTM) calls or those at strikes well above BTC\'s going market rate.\n"The options market seemed to anticipate a short-term leg higher up earlier this morning with top BTC and ETH trades on Paradigm consisting of OTM calls bought in size. We noticed the previous March 25 [expiry] $200,000 call buyer closing his position to buy the July 2024 [expiry] $85,000 strike," Paradigm said in a Telegram broadcast.\nData from Deribit show traders have locked in over $688 **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: 2024-05-07 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,246,743,967,850 - Hash Rate: 534321337.7139056 - Transaction Count: 372643.0 - Unique Addresses: 495831.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.68 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Ripple {{XRP}}, the native cryptocurrency of the XRP Ledger payment network developed by Ripple Labs, advanced over 20% Monday, snapping its downtrend versus bitcoin {{BTC}} as the crypto rally broadened. CoinDesk data shows that XRP sharply jumped to $0.74 in a little more than an hour Monday afternoon UTC time, notching its highest price since avery short-lived spikelast November amid speculation about a potentialBlackRock-managed XRP ETF. Today's 20% gain made XRP the best-performing asset in the broad-market CoinDesk 20 Index (CD20), which was higher by 5%. While bitcoin had already broken record highs and some corners of the crypto space such as meme coins and artificial-intelligence (AI) tokens experienced exorbitant gains, XRP had so far been notably absent from the action. When measured against bitcoin, XRP prior to today's move had slid to a 3-year low, TradingView data shows. Even with this afternoon's big jump, XRP is now only up 17% year-to-date, substantially underperforming BTC's 64% advance and the broad-market CoinDesk 20 Index 54% gain. XRP's rally could be a sign of traders turning their attention and rotating some of their capital to tokens that haven't moved yet as the rally on digital asset markets broadens. Other older cryptocurrencies such as litecoin {{LTC}} and dash {{DASH}}, which too had been laggards over the past months, also surged over the past 24 hours, gaining 18% and 9%, respectively. Avalanche'sAVAX, Polkadot'sDOTand Cardano'sADA, advanced 8-13% during the day. While there wasn't any apparent catalyst immediately before XRP's price action, large token movements from crypto exchange Binance sparked speculations among crypto observers. Blockchain data tracker Whale Alertnoteda transfer of 300 million XRP – worth some $187 million at the time – leaving Binance's address and deposited into an unknown wallet. The transfer was then followed by a series ofsimilaroutboundtransactions– worth 18-19 million XRP each – from Binance and deposited to different addresses. The transactions could perhaps indicate whales – large crypto investors – accumulating XRP before the move up, but may also be due to the exchange shifting coins to new addresses as part of an internal wallet maintenance.... - 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:** ['• Crypto trading firm Wintermute will provide liquidity for the Hong Kong-listed spot bitcoin and ether ETFs, the company announced.\n• The London-based company said it wants to play a bigger part in the Asian market, hence the partnership.\nLooking to strengthen its market share in the Asia region, Wintermute will be a liquidity provider to the recently launched Hong Kong-listed spot bitcoin and ether exchange-traded funds, the company announced Wednesday.\nThe London-based firm is partnering with OSL Digital Securities and HashKey HK Exchange, both of which are sub-custodians of virtual asset trading platforms facilitating the operation of the ETFs, according to the statement.\n“Crypto ETFs provide a means for investors at all levels to enter into the world of digital assets through a regulated and government-endorsed investment vehicle," said Wintermute CEO Evgeny Gaevoy. "[They] play a key role in bringing the next wave of investors into the crypto space, both institutional and retail … Increasing access to digital assets will play a critical function in further accelerating growth, and Wintermute is excited to play a key role in that process.”\nThe market maker will help both OSL and HashKey with the buying, selling and delivery of the underlying assets of the ETFs, in this case bitcoin {{BTC}} and ether {{ETH}}, to allow for a seamless creation and redemption process.\nThe partnership is part of a broader expansion to the Asian market, the company said. “Hong Kong has established itself as a leading advocate for crypto in the APAC region, and we are hopeful that other countries will follow their lead in the near future,” Gaevoy said.\nThe three Hong Kong-listed bitcoin ETFs, whichwent live on April 29, have so far seen aslow startcompared to their counterparts in the U.S. As of the close on Monday they had accumulated just shy of 4,400 bitcoins or roughly $276 million in assets under management.', '• Crypto trading firm Wintermute will provide liquidity for the Hong Kong-listed spot bitcoin and ether ETFs, the company announced.\n• The London-based company said it wants to play a bigger part in the Asian market, hence the partnership.\nLooking to strengthen its market share in the Asia region, Wintermute will be a liquidity provider to the recently launched Hong Kong-listed spot bitcoin and ether exchange-traded funds, the company announced Wednesday.\nThe London-based firm is partnering with OSL Digital Securities and HashKey HK Exchange, both of which are sub-custodians of virtual asset trading platforms facilitating the operation of the ETFs, according to the statement.\n“Crypto ETFs provide a means for investors at all levels to enter into the world of digital assets through a regulated and government-endorsed investment vehicle," said Wintermute CEO Evgeny Gaevoy. "[They] play a key role in bringing the next wave of investors into the crypto space, both institutional and retail … Increasing access to digital assets will play a critical function in further accelerating growth, and Wintermute is excited to play a key role in that process.”\nThe market maker will help both OSL and HashKey with the buying, selling and delivery of the underlying assets of the ETFs, in this case bitcoin {{BTC}} and ether {{ETH}}, to allow for a seamless creation and redemption process.\nThe partnership is part of a broader expansion to the Asian market, the company said. “Hong Kong has established itself as a leading advocate for crypto in the APAC region, and we are hopeful that other countries will follow their lead in the near future,” Gaevoy said.\nThe three Hong Kong-listed bitcoin ETFs, whichwent live on April 29, have so far seen aslow startcompared to their counterparts in the U.S. As of the close on Monday they had accumulated just shy of 4,400 bitcoins or roughly $276 million in assets under management.', "• The recent equity rebound stalled as investor rate cut bets were made uncertain by Fed commentary.\n• Fed President Neel Kashkari said rates might not be restrictive enough to clamp down on inflation.\n• Earnings continued to roll in, with Disney and Palantir dropping sharply following first-quarter reports.\nUS stocks were mostly higher Tuesday, with the S&P 500 and Dow Jones Industrial Average continuing to pull slightly higher.\nThe Dow hit its fourth straight day of gains, adding to a rebound that started last week. The rally was slowed during Tuesday's session as doubt about rate cuts crept back up following comments from Minneapolis Federal Reserve President Neel Kashkari, who noted that interest rates may not yet berestrictive enough to clamp down on inflation.\nHis remarks followed similar hawkishness from Fed President Tom Barkin on Monday, who indicated that the economy will need to slow down more before policy can pivot.\nStill, futures markets see two 25-basis point interest cuts this year, better than what was expected in April.\nInvestors will tune in to further commentary this week as Fed Governor Lisa Cook and Chicago President Austan Goolsbee are lined up to speak on Wednesday and Friday.\nMeanwhile, earnings data continues to flow in and has helped keep indices afloat. However, weak reports sent shares inDisneyandPalantirplunging 10% and 15% on Tuesday.\nHere's where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500: 5,187.70, up 0.13%\n• Dow Jones Industrial Average: 38,884.26, up 0.08% (+31.99 points)\n• Nasdaq composite: 16,332.56, down 0.1%\nHere's what else happened today:\n• Nvidia still has 22% upsideand its valuation is still cheap, Goldman Sachs says.\n• Inflation will rocket if the US doesn't focus onbuilding domestic industries, investment manager Richard Bernstein warns.\n• A 'proper' downturnwill hit in late 2024, spurring a steep Fed pivot, Manulife's chief economist says.\n• The US is unlikely to achieve asoft landing as low-income consumers cut back on spending, Citi CEO Jane Fraser says.\n• Billionaire investor cut back his Nvidia holdings asAI investing has become 'overhyped' for now.\n• A super-rare Magic: The Gathering cardjust sold for a record $3 billion.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil increased 0.6% to $78.52 a barrel.Brent crude, the international benchmark, inched up 0.1% to $83.22 a barrel.\n• Goldslipped by 0.31% to $2,313.23 per ounce.\n• The 10-year Treasury yield slid two basis points to 4.465%.\n• Bitcoinwas essentially flat at $63,142.\nRead the original article onBusiness 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.\nVancouver, British Columbia--(Newsfile Corp. - May 8, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE") a pioneer in green energy-powered blockchain infrastructure, proudly announces its unaudited production figures for April 2024. In April the Company mined 212 Bitcoin, increasing its Bitcoin holdings by 4%, now totalling 2,377 Bitcoin on the balance sheet. HIVE maintained an average Bitcoin mining capacity of over 4.9 Exahash ("EH/s") in April 2024 (all amounts in US dollars, unless otherwise indicated).\nApril 2024 Highlights:\n• Production:Mined 212 Bitcoin in April 2024.\n• Mining Capacity Increase:Ended April with a 5.0 EH/s ASIC mining capacity, a notable 6% increase in month-end hashrate.\n• HODL Position:Increased to 2,377 BTC, a 4% increase from the prior month.\n• Mining Efficiency:Achieved an average of 43.6 Bitcoin per Exahash, with a consistent average hashrate of 4.9 EH/s, and an 8% increase in monthly average hashrate.\n• Daily Production:Averaged a production of 7.1 BTC per day, showcasing operational efficiency and robust mining capabilities.\nStrategic HODL Increase:\nAs of May 6, 2024, HIVE\'s HODL position grew to 2,400 BTC, up from 2,377 BTC at the end of April 2024.\nThis growth aligns with the Company\'s strategy to anticipate increased demand for BTC, particularly after the launch and approval of spot Bitcoin ETFs. HIVE continues to focus on maximizing cash flow return on invested capital (CFROIC) per share while being mindful of shareholder dilution. Like the last Bitcoin halving four years ago, we remain optimistic about generating operating income and continue upgrading our suite of ASIC chips for more energy-efficient Bitcoin mining. We are also excited about the progress in our high-performance computing (HPC) strategy, repurposing our suite of Nvidia chips to meet the global demand for AI data services. This growth remains on track as anticipated and, most importantly, is generating expanding positive operating income.\nExecutive Insights:\nFrank Holmes, Executive Chairman, commented on the Company\'s strategic vision: "Our HODL position is healthy, especially on a per-share basis compared to our peers. We ended the month with approximately $150 million in Bitcoin, which is approximately $100 million more than last year when Bitcoin was $29,290 at April 30, 2023 and $63,839 this year at April 30, 2024 which is more than a 100% surge. After mark-to-market treatment this becomes a significant asset on a per share basis relative to our peers, with amongst the lowest G&A costs per Bitcoin mined and less than 110 million shares outstanding."\nHalving Preparation:\nAydin Kilic, President and CEO, emphasized the Company\'s technological stability: "We recently achieved our interim target of 5.0 EH/s in April. With the arrival of the remaining Bitmain S21 Antminers in May and June, we expect to reach 5.5 EH/s and achieve a global average fleet efficiency of 25 joules per terahash. Based on current difficulty, this will bring our Bitcoin breakeven price point after the recent April 19thBitcoin halving and operating costs to approximately $45,000."\nAbout HIVE Digital Technologies Ltd.\nHIVE Digital Technologies Ltd. went public **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: 2024-05-08 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,229,002,710,000 - Hash Rate: 556219753.1939834 - Transaction Count: 450856.0 - Unique Addresses: 514675.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.64 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The LeadingBitcoinATM Operator Introduces Seamless Pre-Approval System for Enhanced Convenience and Security CHICAGO,April 11, 2024/PRNewswire/ --CoinFlip, a leading global digital currency platform company, launched today a new pre-registration process that allows customers to obtain pre-approval online before visiting itsbitcoinATMs in person, providing a seamless customer experience that maximizes convenience and security. This new registration process streamlines transactions and enables consumers to register in advance when planning to transact more than$960per day, ensuring compliance with regulatory standards and providing an added layer of security to CoinFlip's compliance protocols. "At CoinFlip, we are committed to delivering innovative solutions that prioritize both convenience and compliance. Our new pre-registration process achieves both and provides our customers a secure, efficient and seamless experience at our kiosks," saidBen Weiss, CEO and Co-Founder of CoinFlip. "Pre-registration means our customers save valuable time and we maintain the highest standards of safety and security for all our customers' transactions." Significantly reducing wait times and expediting the transaction process, pre-registration enables users to sign up in as little as two minutes from a phone or desktop. Once verified, customers can enjoy increased daily purchase limits of up to$2,995per day, subject to state regulations. To pre-register, customers visit theCoinFlip Online ATM Registration portaland enter their phone number and preferred currency. Then, customers verify using an authentication code sent to their phone and have their identification verified. As a compliance-focused company, CoinFlip is steadfast in its commitment to providing its customers with a secure and safe way to transact with digital currencies using cash. The pre-registration process enables a seamless experience at the point of transaction, in addition to helping protect consumers and prevent fraudulent transactions. To learn more, visitcoinflip.tech/registration. For inquiries or assistance, customers are encouraged to contact CoinFlip's 24/7 award-winning customer support team at 877-757-2646. About CoinFlip CoinFlip is a global digital currency platform company, focused on providing consumers simple and secure access to buy and sellcryptocurrency. The company operates the world's largest network ofcryptocurrencykiosks by transaction volume with more than 5,000 kiosks across 49 U.S. states, Puerto Rico, Canada, Australia, New Zealand, South Africa, Italy, Panama, and Brazil. CoinFlip's digital currency kiosks make buying and selling majorcryptocurrenciesaccessible and safe for consumers who wish to purchase their digital currency using cash. CoinFlip also operates CoinFlip Preferred, a personalized over-the-counter service that provides investors with custom, white glove support for theircryptocurrencytransactions. In 2022, CoinFlip launched CoinFlip Ventures, an investment group offering coaching, funding, and networking support to early-stagecryptoand web3 projects. CoinFlip was founded in 2015 by Daniel Polotsky, Kris Dayrit, Alan Gurevich, and Ben Weiss. Headquartered in Chicago, CoinFlip placed in the top 500 on the 2021, 2022, and 2023 Inc. 5000 list, and on the 2022 and 2023 Deloitte Technology Fast 500, was named the 2021 and 2022 #1 fastest-growing company in Chicago by Crain's, ranked in Chicago Tribune's Top Workplaces in 2021 and 2022, and was awarded the 2021 and 2022 Stevie ® Awards for Customer Service. To learn more about CoinFlip and how to get started on your digital currency journey, visitwww.CoinFlip.tech. View original content to download multimedia:https://www.prnewswire.com/news-releases/coinflip-redefines-convenience-new-pre-registration-process-simplifies-bitcoin-transactions-302114624.html SOURCE CoinFlip... - 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:** ["OMAHA, Neb., May 08, 2024 (GLOBE NEWSWIRE) --Exodus Movement, Inc.(OTCQX: EXOD) (the “Company” or “Exodus”) today announced that it was informed by the NYSE American that the exchange has delayed the Company’s listing until the Staff of the Securities and Exchange Commission completes its review of Exodus’ registration statement, which went effective on April 28, 2024. The NYSE American previously informed Exodus that its shares of Class A common stock, par value $0.000001 (the “Common Stock”), had been approved for listing with trading expected to commence on May 9, 2024.\nThe Company may reconsider listing on a national securities exchange at a future date once the SEC Staff has completed its review of the registration statement. Until such time, the Company’s Common Stock will continue to trade on OTC Markets’ OTCQX exchange under the symbol “EXOD.” Current stockholders of the Company do not need to take any action.\nCEO JP Richardson shared “While we are surprised and confused by this last-minute decision, we remain hopeful that the SEC will follow through on its commitment to treat us as the law intends. Exodus has been fully transparent and responsive throughout this process and we expect a swift resolution in this matter. In the meantime, we will continue to provide the best possible service and value for our customers and shareholders.”\nContact\nExodus Investor [email protected]\nAbout ExodusExodus is on a mission to help the world exit the traditional finance system. Founded in 2015, Exodus is a multi-asset software wallet that keeps design a priority to make cryptocurrency and digital assets easy for everyone. Available for desktop, mobile and browser, Exodus allows users to secure, manage and exchange cryptocurrencies like Bitcoin, Ethereum, and more across an industry-leading 10,000+ asset pairs from a beautiful, easy-to-use wallet. The self-custodial functionality is encrypted locally on users' own devices, ensuring privacy, security and complete control over their wealth. For more info visit exodus.com.\nDisclosure InformationExodus uses the following as means of disclosing material nonpublic information and for complying with disclosure obligations under Regulation FD: websites exodus.com/investors and exodus.com/blog; press releases; public videos, calls and webcasts; and social media: Twitter (@exodus_io and JP Richardson's feed @jprichardson), Facebook, LinkedIn, and YouTube.\nForward-Looking StatementsThis press release contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, quotations from management regarding confidence in our products, services, business trajectory and plans, and certain business metrics. These statements involve risks, uncertainties, assumptions and other factors that are difficult to predict and may cause actual results or performance to be materially and adversely different. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.", 'A research note released by Standard Chartered suggests that if Donald Trump secures a second term as the President of the United States in November, it could have a positive impact onBitcoin (BTC). According to Geoffrey Kendrick, a digital assets researcher at Standard Chartered, a Trump administration would likely be less stringent towards Bitcoin compared to a potential Biden administration.\nWhile officials in the Biden administration have taken a relatively tough stance on digital assets, Trump expressed a different view in a March interview, stating that if re-elected, he would not crack down on Bitcoin or other cryptocurrencies. The report also suggests that import tariffs under a Trump presidency could lead to several large reserve managers buying Bitcoin in 2025.\nKendrick further notes that if Trump were to win, foreign government buyers of U.S. treasuries might opt to shift their investments to alternative financial assets like Bitcoin as a precautionary measure. This potential shift in demand could drive up the price of the cryptocurrency.\nTrump\'s previous stance on cryptocurrency was more critical, but he seems to have softened his position. During a town hall event in South Carolina earlier this year, he acknowledged the growing acceptance of Bitcoin, stating that "many people are embracing" it and that he can "live with it one way or the other." However, he still referred to cryptocurrencies as "crazy new currencies."', 'A research note released by Standard Chartered suggests that if Donald Trump secures a second term as the President of the United States in November, it could have a positive impact onBitcoin (BTC). According to Geoffrey Kendrick, a digital assets researcher at Standard Chartered, a Trump administration would likely be less stringent towards Bitcoin compared to a potential Biden administration.\nWhile officials in the Biden administration have taken a relatively tough stance on digital assets, Trump expressed a different view in a March interview, stating that if re-elected, he would not crack down on Bitcoin or other cryptocurrencies. The report also suggests that import tariffs under a Trump presidency could lead to several large reserve managers buying Bitcoin in 2025.\nKendrick further notes that if Trump were to win, foreign government buyers of U.S. treasuries might opt to shift their investments to alternative financial assets like Bitcoin as a precautionary measure. This potential shift in demand could drive up the price of the cryptocurrency.\nTrump\'s previous stance on cryptocurrency was more critical, but he seems to have softened his position. During a town hall event in South Carolina earlier this year, he acknowledged the growing acceptance of Bitcoin, stating that "many people are embracing" it and that he can "live with it one way or the other." However, he still referred to cryptocurrencies as "crazy new currencies."', 'The price ofEthereum (ETH)has been hovering near a crucial support level at $3,010, experiencing a 2.57% drop over the past 24 hours, according to CoinMarketCap data. During this time, traders have shown a growing belief that the price will continue to decline, as they have accumulated significant short positions.\nThis development comes after Grayscale Investments decided to withdraw its application for an Ethereum futures exchange-traded fund (ETF) on May 7, just ahead of the scheduled decision by the United States Securities and Exchange Commission (SEC). The fate of spot Ether ETF applications, also set to be determined in May, has further fueled speculation regarding the classification of Ether as a security.\nLiquidation data indicates that if the price of Ether rises by 3%, approximately $345 million worth of short positions could be liquidated. In contrast, a 3% drop to $2,920 would only result in the liquidation of about $237 million in long positions.\nAnalysts and the crypto community have grown increasingly skeptical about the approval of a spot Ether ETF by the SEC. However, concerns about Ethereum extend beyond ETF approvals. The low usage of Ethereum has resulted in the challenge of its burn mechanism keeping up with issuance to validators. Furthermore, Ethereum has underperformed in comparison to Bitcoin, attributing it to a lag in speculative interest from short-term holders (STH).', 'CryptoPunks dominated the market with a daily sales volume for the second consecutive day on Wednesday.\nThe Ethereum-based non-fungible token (NFT) collection recorded over US$1.25 million in daily sales with eight total transactions attributed to seven unique buyers and sellers each.\nCryptoPunks led the market despite a 25% sales drop from the day prior. Its US$1.7 million daily sales volume also led the market on Tuesday, according to CryptoSlam data.\nCryptoPunks’ two-day dominance was not able to keep Ethereum, its host chain, at the top of the blockchain rankings for NFT sales. Bitcoin collections collectively achieved US$6.68 million in sales on Wednesday, edging out Ethereum’s US$6.04 million.\nThe second-highest performing collection of the day was DMarket, with a daily sales volume of US$725,058, involving a staggering 4,147 unique buyers and 3,569 sellers across 31,734 transactions.\nDMarket is a NFT collection that represents in-game items for the Mythos chain.\nNodeMonkes on Bitcoin claimed the third spot with a daily sales volume of US$717,301.84, engaging 37 unique buyers and 35 sellers in 38 transactions. This is a slight decrease from the US$750,024.31 generated the day before. The collection’s all-time sales now stand at US$214.35 million, reflecting a strong market position.\nNodeMonkes is the all-time leading collection on the Bitcoin network, with US$214.5 million in sales. It is now about US$1 million away from overtaking CyberKongz, an Ethereum-based collection that currently holds the 26th spot on the all-time sales chart.\nOther notable collections that made Wednesday’s top 10 sales list include the $PMPS BRC-20 NFTs, which saw a daily sales volume of US$634,465, and Mad Lads, which generated US$518,697 in sales.\nBoth collections experienced fluctuations in their daily performance, with $PMPS BRC-20 NFTs witnessing an increase in transactions from the previous day, while Mad Lads saw a decrease in sales from US$800,760.\nSolana Monkey Business, Bored Ape Yacht Club, Mutant Ape Yacht Club, DogeZuki Collection, and Guild of Guardians Avatars also featured in the day’s top-performing NFT collections', '• Cumulative monthly spot and derivatives trading volume tanked by 43.8%, CCData said.\n• Binance’s spot market volume registere **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: 2024-05-09 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,208,266,981,875 - Hash Rate: 613867438.0566123 - Transaction Count: 517193.0 - Unique Addresses: 513026.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.55 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The case of Sam Bankman-Fried, whowas sentenced on March 28, 2024, to 25 years in prison, is emblematic of the fast-paced world of cryptocurrency, in which vast sums of money can be made or lost in the blink of an eye. In early November 2022, the crypto exchange FTX was valued at more than US$30 billion. By the middle of that month,FTX was in bankruptcy proceedings. And less than a year later, on Nov. 3, 2023, its founder, Sam Bankman-Fried, was found guilty ofseven counts of money laundering and fraud, following a trial that featured less than a month oftestimonyand only about four hours of jury deliberation. D. Brian BlankandBrandy Hadleyare professors who study finance,executives,corporate governanceand financial technology. They explain how and why this incredible collapse happened, what effect it might have on the traditional financial sector and whether you should care. A million years ago, back in2019, Bankman-Fried founded FTX, a company that ran one of the largest cryptocurrency exchanges. FTX was where many crypto investors traded and held their cryptocurrency, similar to the New York Stock Exchange for stocks. Bankman-Fried also foundedAlameda Research, a hedge fund that invested in cryptocurrencies and crypto companies. In the traditional financial sector, these two companies would be entirely separate firms, or at least have firewalls in place to avoid conflicts of interest. But in early November 2022, news outlets reported that asignificant proportion of Alameda’s assetswere a type of cryptocurrency released by FTX itself. A few days later, news broke that FTX had allegedly been loaning customer assets to Alameda for risky tradeswithout customers’ consentand also issuing its own FTX cryptocurrency for Alameda to use ascollateral. As a result, criminal and regulatory investigators began scrutinizing FTX for potentiallyviolating securities law. These two pieces of news basically led to a bank run on FTX, and soon afterward, FTX, Alameda Research and 130 other affiliated companies founded by Bankman-Fried filed for bankruptcy. This lefthuge numbersof investors who bought cryptocurrencies through the exchange withno good way to get their money back. Within a month, Bankman-Fried wasarrestedandcharged with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money launderingby the Southern District of New York. In February 2023,additional criminal chargesrelated to political donations were announced, followed byanother indictmentin March related to bribery. Bankman-Fried’sfirst trial began on Oct. 3, 2023, and largely focused on the “essentially unlimited” access to capital Alameda had on the exchange through a secret line of credit. In traditional markets, corporations generallylimit the risk they expose themselves toby maintaining liquidity and solvency. Liquidity is the ability of a firm to sell assets quickly without those assets losing much value. Solvency is the idea that a company’s assets are worth more than what that company owes todebtors and customers. But the crypto world has generally operated with much less caution than the traditional financial sector, andFTX is no exception. Abouttwo-thirdsof the money that FTX owed to the people who held cryptocurrency on its exchange – roughly $11.3 billion of $16 billion owed – was backed by illiquid coins created by FTX. FTX was taking its customers’ money, giving it to Alameda to make risky investments and then creating its own currency, known as FTT, as a replacement – cryptocurrency that it was unable to sell at a high enough price when it needed to. In addition, nearly 40% of Alameda’s assets were in FTX’s own cryptocurrency – and remember, both companies were founded by the same person. This all came to a head when investors decided to sell their coins on the exchange. FTX did not have enoughliquidassets to meet those demands. This in turn drove the value of FTT from over $26 a coin at the beginning of November 2022 to under $2 by Nov. 13. By this point, FTX owed more money to its customers thanit was worth. In regulated exchanges, investing with customer funds isillegal. Additionally, auditors validate financial statements, and firms must publish the amount of money they hold in reserve that is available to fund customer withdrawals. And even if things go wrong, the Securities Investor Protection Corporation – or SIPC – protects depositors against the loss of investments from an exchange failure or financially troubled brokerage firm. The crypto world lacks such guardrails. While the collapse of FTX and Alameda – valued at more than $30 billion and now essentially worth nothing – was dramatic, the bigger implication is simply the potentiallost trust in crypto. Bank runs are rare in traditional financial institutions, but they areincreasingly commonin the crypto space. Given that Bankman-Fried and FTX were seen as some of the biggest, most trusted figures in crypto, these events may lead more investors to think twice about putting money in crypto. Though investment in cryptocurrencies has grown rapidly, the entire crypto market –valued at over $3 trillionat its peak –is much smallerthan the $120 trilliontraditional stock market. While investors and regulators are still evaluating the consequences of this fall, the impact on any person who doesn’t personally own crypto will be minuscule. It is true that many larger investment funds, such as BlackRock and the Ontario Teachers Pension, held investments in FTX, but the estimated$95 million the Ontario Teachers Pension lostthrough the collapse of FTX is just 0.05% of the entire fund’s investments. The takeaway for most individuals is not to investin unregulated marketswithout understanding the risks. In high-risk environments like crypto, it’s possible to lose everything – a lesson investors in FTX learned the hard way. The trial of Bankman-Fried brought attention to the ever-evolving and complex nature of cryptocurrency regulation and oversight. At the conclusion of the case,Damian Williams, the federal prosecutor for the U.S. Justice Department, underlined thedepartment’s dedication to fighting fraud,even in the relatively new crypto space. This case shows that the U.S. is willing to assert broad jurisdiction over financial crimes targeting its citizens, regardless of where the perpetrating company is based, which in FTX’s case wasthe Bahamas. Notably, this trial did not fall directly under the supervision of the Securities and Exchange Commission or other regulatory bodies, although pending civil cases from boththe SECand theCommodity Futures Trading Commission,along with ongoingclass-action lawsuits, underscore thecomplexities in regulating the cryptocurrency sphere. Despite a recent crypto crackdown by the SEC, the U.S. continues to lag behind other nations in establishing comprehensive crypto regulations. This is evident in theformal regulatory frameworks introduced by places such as the U.K.and the European Union. The International Monetary Fund’scall for comprehensive regulationsfurther underscores the necessity for more robust regulatory measures within the crypto industry, hinting at a widening gap between the U.S. and much of the rest of the world. This is an updated version of a story that wasoriginally publishedon Nov. 17, 2022. This article is republished fromThe Conversation, a nonprofit, independent news organization bringing you facts and trustworthy analysis to help you make sense of our complex world. It was written by:D. Brian Blank,Mississippi State UniversityandBrandy Hadley,Appalachian State University Read more: • Welsh mining towns had alternative currencies 200 years ago – here’s what the crypto world could learn from them • Are NFTs really dead and buried? All signs point to ‘yes’ • Almost no one uses Bitcoin as currency, new data proves. It’s actually more like gambling The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.... - Reddit Posts (Sample): [['u/that-ngr-guy', 'Scaling, Moores law', 10, '2024-05-09 00:18', 'https://www.reddit.com/r/btc/comments/1cnh5hb/scaling_moores_law/', 'Will bitcoin block size eventually be able to increase, with natural technological revolutions to computing power, every so often?\n\nOr is 1-2mb a permanent constraint?', 'https://www.reddit.com/r/btc/comments/1cnh5hb/scaling_moores_law/', '1cnh5hb', [['u/zrad603', 15, '2024-05-09 00:48', 'https://www.reddit.com/r/btc/comments/1cnh5hb/scaling_moores_law/l379j6v/', 'All I can say, is read Roger Ver\'s new book. \n\nI\'m pretty convinced what\'s left of the BTC maximalists are just a cult. \n\nI kept hope that BTC might eventually come to their scenes, and eventually raise the block size. But it\'s been 7 years, and they are more entrenched than ever that they can\'t raise the block size. \n\nI think BTC is in it\'s *LAST* bull run. It\'s possible it already peaked. I think we\'re already entering into "altcoin season".', '1cnh5hb'], ['u/DontDieSenpai', 15, '2024-05-09 01:21', 'https://www.reddit.com/r/btc/comments/1cnh5hb/scaling_moores_law/l37elzu/', "You're talking about BTC and this sub is primarily BCH supporters who are critical of the way bitcoin was hijacked by the store of value/small block crowd.\n\nThey claim we HAVE to have small blocks or else all Hell will break loose.\n\nWell, BCH hasn't broken, so I'd say those fears were unfounded.\n\nWithout big blocks, the base layer can't scale, so BTC crowd adopted L2 solutions like LN. But these are almost all custodial solutions and my personal fear is that even with a working L2, users still have to use the base layer from time to time. Tx fees are absolutely ridiculous though and worst case scenario is users literally cannot afford to use the base layer EVER.\n\nSatoshi himself said we would have to increase block size and the initial limit wasn't even his idea. It was a compromise introduced by Hal Finney in order to protect against denial of service attacks.\n\nEven with larger blocks, scaling is easy. Not everyone needs to run their own full node because all it takes is a single honest node to call bullshit if there's anything fishy going on. Specialized data centers have absolutely zero issue running nodes even with MUCH larger blocks than 1-2MB.\n\nLike I said, 1-2MB was NEVER intended to be anything more than a temporary solution implemented to protect the network until it scaled enough to mitigate those risks. At that time, the block limit should have been removed and we should have increased block size to meet demand.", '1cnh5hb'], ['u/ShadowOfHarbringer', 18, '2024-05-09 01:42', 'https://www.reddit.com/r/btc/comments/1cnh5hb/scaling_moores_law/l37hqut/', 'Read the book "Hijacking Bitcoin".\n\nYou will deeply understand the issue.', '1cnh5hb'], ['u/doramas89', 13, '2024-05-09 01:48', 'https://www.reddit.com/r/btc/comments/1cnh5hb/scaling_moores_law/l37imoz/', "It already scaled forking in 2017. Check the book Hijacking Bitcoin you'll understand a lot", '1cnh5hb'], ['u/pyalot', 10, '2024-05-09 04:37', 'https://www.reddit.com/r/btc/comments/1cnh5hb/scaling_moores_law/l387qjn/', '1mb is an arbitrary number that Satoshi picked in 2010, and it was extremely conservative back then, as a temporary spam protection 18 months into Bitcoins history, at the time it did about 10 transactions per day. Comparing 2010 with today:\n\n- Global average internet speed up 1000% from 10mbps to 100mbps\n- Server center uplink speed up 1000% from 1gbps to 10gbps\n- MIPS/$ up 1000% from 10 to 100\n- HDD GB/$ up 282% from 28 to 79\n- SSD GB/$ up 1900% from 1.5 to 29\n- RAM MB/$ up 240% from 205 to 500\n\nIt is also expected that more algorithmic optimizations in UTXO dataset processing are possible, and that dedicated UTXO processing chips would be developed, given incentive to do so.\n\nBitcoin has upgraded its blocksize to 32mb in 2017 and will upgrade it to a flexible algorithmic blocksize this month.\n\nBTC obsession with the 1mb blocksize limit has never been about decentralization. The 1mb cult is a scheme to maintain control of BTC so it cannot practically be used, isnt a threat to the monetary order and suffers severe economic centralization.', '1cnh5hb'], ['u/LightningNotwork', 14, '2024-05-09 05:00', 'https://www.reddit.com/r/btc/comments/1cnh5hb/scaling_moores_law/l38ay7f/', "Exactly, this is why the Internet providers universally restricted transfer speeds so the network wouldn't become overburdened. It was accepted that this was the safest way to manage the Internet. \n\nA good example is how websites aren't allowed to be created unless they're under a size limit which ensures 56k modems can still use them effectively. Shame we can't do fancy things like watch videos on the Internet, but it's important to stay backwards-compatible.\n\nWait, no, that's stupid.", '1cnh5hb']]], ['u/rabbit-girl333', 'Found dog, please DM me. Old black and gray Chihuahua.', 53, '2024-05-09 00:38', 'https://www.reddit.com/r/beaverton/comments/1cnhn8v/found_dog_please_dm_me_old_black_and_gray/', 'A woman came into my work and handed me this dog, said she found him wandering near BTC. I went back over there but couldn’t find his owner.\n\nPlease contact me ASAP.', 'https://www.reddit.com/gallery/1cnhn8v', '1cnhn8v', [['u/rabbit-girl333', 11, '2024-05-09 22:39', 'https://www.reddit.com/r/beaverton/comments/1cnhn8v/found_dog_please_dm_me_old_black_and_gray/l3c3fff/', 'Update: The dog’s owner was found!! Thank you so much :)', '1cnhn8v']]], ['u/No_Exam_4023', 'The joy of sending KAS', 28, '2024-05-09 01:00', 'https://www.reddit.com/r/kaspa/comments/1cni4u9/the_joy_of_sending_kas/', "It's sooooo fast! And knowing it's PoW... 😮\u200d💨\n\nSometimes I send it between my wallets just for fun (for context, I only own KAS and BTC so maybe I have a skewed perspective on this)", 'https://www.reddit.com/r/kaspa/comments/1cni4u9/the_joy_of_sending_kas/', '1cni4u9', [['u/Superb-Cantaloupe-78', 10, '2024-05-09 04:42', 'https://www.reddit.com/r/kaspa/comments/1cni4u9/the_joy_of_sending_kas/l388g9q/', 'Same here! Ony BTC and KAS. POW is king. Cant wait for KAS to destroy the POS scam networks and make us rich in the process ;)', '1cni4u9']]], ['u/Master-Winter489', 'Our Synology got attacked by ransomware', 128, '2024-05-09 02:05', 'https://www.reddit.com/r/synology/comments/1cnjkcp/our_synology_got_attacked_by_ransomware/', 'Just noticed that our files and folder are all encrypted and have this txt file in the file station \nanyway we can restore the data without the backup or access the admin account again \n\n Hello.\n \n This is Quick Security.\n \n What happened?\n \n - Your Network was not secure.\n - Your Network-Attached Storage was compromised.\n \n What does this mean? Where are my files?\n \n - All your data has been encrypted and moved to a special volume.\n - All your important documents have been downloaded.\n \n What can I do to recover my data?\n \n - If you want to recover your data, you have to send 0.02 Bitcoin to this wallet address:\n \n \n \n \n !!! Your ADMIN account was restricted for security reasons.\n You can contact us to restore it !!!\n\nI think we are the ones to blame here as we haven\'t had MFA enabled and we were using quick-connect to access the data there .. and I noticed the URL had changed from [synologyname.quickconnect.to](https://synologyname.cz5.quickconnect.to) to [synologyname.cz5.quickconnect.to](https://synologyname.cz5.quickconnect.to) not sure where the " CZ%" came from !! \n\n&#x200B;', 'https://www.reddit.com/r/synology/comments/1cnjkcp/our_synology_got_attacked_by_ransomware/', '1cnjkcp', [['u/mlpzaqwer', 72, '2024-05-09 02:21', 'https://www.reddit.com/r/synology/comments/1cnjkcp/our_synology_got_attacked_by_ransomware/l37nfam/', 'To answer your question it’s gonna be a no. Will you get your data back even after you pay? Maybe but probably no. All you can do is be more secure with your accounts next time and backup offsite or even cold storage.', '1cnjkcp'], ['u/Tankgineer', 39, '2024-05-09 02:22', 'https://www.reddit.com/r/synology/comments/1cnjkcp/our_synology_got_attacked_by_ransomware/l37nkow/', 'Sorry this happened to you. But also thank you for sharing the info about the attack and details about quick connect / MFA. Best of luck in recovering your data.', '1cnjkcp'], ['u/dx___xb', 11, '2024-05-09 02:26', 'https://www.reddit.com/r/synology/comments/1cnjkcp/our_synology_got_attacked_by_ransomware/l37o5om/', 'That URL redirection is not a problem - it’s still under quickconnect.to domain.', '1cnjkcp'], ['u/KB-ice-cream', 20, '2024-05-09 02:55', 'https://www.reddit.com/r/synology/comments/1cnjkcp/our_synology_got_attacked_by_ransomware/l37sjvp/', 'Did you have any ports forwarded on your router?\n\nCheckout this video to see if you did any of these things. https://youtu.be/x9QPUXldNAc', '1cnjkcp'], ['u/anna_lynn_fection', 13, '2024-05-09 02:57', 'https://www.reddit.com/r/synology/comments/1cnjkcp/our_synology_got_attacked_by_ransomware/l37sxqh/', 'Then they def got admin access to the NAS. Sorry, but your stuff is most assuredly gone.\n\nMFA might have helped. But, since they got admin, and you say your password was strong, and not the default admin, then it sounds plausible that they got in via a machine the managed to infiltrate that was used to log into admin on the NAS.\n\nIf that\'s the case, then they probably grabbed a session cookie from your browser for the NAS. You may still have a compromised machine that they\'re sitting on, ready to nail you again after you get your NAS up and restored.\n\nPeople always think extra security is "extreme" until they get nailed by not using it.\n\nI recommend a PAW and segregated infrastructure management. Which basically means:\n\n1. You never use your normal workstation OS to log into the NAS admin interface. Use a bootable Linux iso.\n2. You segregate and firewall your management interface... 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 rose for a seventh straight session on Thursday.\n• Despite jobless claims coming in higher than the previous week, Citi analysts said the reading was still low.\nUS stocks accelerated in afternoon trading on Thursday, propelling the Dow Jones Industrial Average to its seventh consecutive day of gains to mark its longest winning streak of 2024.\nDespite a shaky start to the day, the major stock averages rose steadily after the latest jobless claims came in higher than expected, bolstering the case for rate cuts from the Federal Reserve amid a cooling labor market.\nTech giants, including Apple, Meta, Microsoft, and Amazon, all gained on the day. Shares ofCaterpillarandHome Depotled the way in powering the Dow Jones higher.\nA $25 billion sale of 30-year Treasury bonds saw good demand, which helped yields come down and bolster gains for stocks.\nThe latest data showed weekly jobless claims hitting their highest level since August, jumping to 231,000 and helping to make the case that the labor market may be cooling enough to make the Fed more amenable to lowering interest rates soon.\n"We would be more concerned if initial claims continue to increase steadily in coming weeks and surpass the 260k levels from last year," Citi analysts said in a note on Thursday,\xa0 adding that New York initial claims alone contributed 10,000 to the total jump in weekly claims.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Thursday:\n• S&P 500:5,214.08, up 0.51%\n• Dow Jones Industrial Average:39,387.76, up 0.85% (+331.37 points)\n• Nasdaq Composite: 16,346.26, up 0.27%\nHere\'s what else is going on:\n• Buy this boring part of the stock marketfor overlooked exposure to the AI boom.\n• Wheat prices have surgedto 8-month highs amid global conflict and extreme weather.\n• \'Seriously underwater\' mortgagesare on the rise throughout the US, with Southern states seeing the biggest jump.\n• Don\'t blame Wall Streetfor jacking up home prices, economist says.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude rose 0.8% $79.61 a barrel.Brent crude, the international benchmark, was up 0.75% to $84.20 per barrel.\n• Goldrose 1.2% to $2,350 an ounce.\n• The 10-year Treasury dipped two basis points to 4.457%\n• Bitcoinwas up 0.7% to $62,566.\nRead the original article onBusiness Insider', "VanEck, a prominent asset management firm, has joined the memecoin frenzy by introducing a new index focused on this highly popular category of tokens. The index, known as MarketVector's Meme Coin Index and traded under the symbol MEMECOIN, tracks the performance of the top six meme tokens in the market. The largest holdings of this index include well-known meme coins likeDogecoin (DOGE),Shiba Inu (SHIB), andPepe (PEPE). Other tokens such asdogwifhat (WIF),Floki Inu (FLOKI), andBonk (BONK)are also part of the index.\nMarketVector's MEMECOIN Index has seen a staggering year-on-year increase of over 195%. In comparison, Bitcoin (BTC) has seen a rise of 123%. The memecoin market currently has a total market capitalization of $50.7 billion,accordingto CoinMarketCap, and MarketVector's index tracks $44.67 billion worth of meme coin value.\nAs meme coins continue to capture the attention of investors and gain traction in the market, the launch of VanEck's MEMECOIN Index provides a new tool for tracking the performance of these unique digital assets.\nSome believe that the memecoin craze will persist due to the lower fees associated with Solana, a blockchain platform that enables users to make small bets with the potential for significant profits. This stands in contrast to the previous bull market that saw high fees on the Ethereum network, especially during the boom in NFT trading.", "Bitcoin (BTC)is facing the risk of breaking down below $61,000, as it tested familiar trendlines for support, causing a decline in its price. Despite the low-timeframe volatility affecting liquidity, BTC lacked significant upward momentum. Traders were closely monitoring the 100-day simple moving average (SMA) and the short-term holder realized price (STH-RP), which are considered crucial support levels in a bull market. Last week, BTC briefly dipped to $56,500 but did not violate these levels for an extended period.\nAt the time of writing, the 100-day SMA and STH-RP were at $61,200 and $60,100, respectively. Skew, a popular trader, highlighted the significance of the 100-day SMA and the monthly open at $60,600 on higher time frames. He emphasized the importance of seeing evidence of sellers being absorbed to confirm strong demand.\nBitcoin's price movements also had an impact on the network's fundamentals. The mining difficulty, a measure of the computational effort required to mine new BTC, was set to decrease by 5.5% at the time of writing. This adjustment was the largest downward correction since the end of the 2022 bear market when BTC was trading below $20,000. Currently, the difficulty is at an all-time high of 83.23 trillion.\nAnalysts observed that the hashrate, another important metric in mining, was already declining. However, what mattered for miners was the difficulty level, which determines how much Bitcoin they can mine per unit of computational power. Difficulty adjustments occur approximately every 14 days, and assuming a -7% adjustment, the difficulty hashrate would be around 585 EH/s. Despite the drop in hashrate, it remained above earlier predictions, indicating ongoing mining activity.", "Bitcoin (BTC)is facing the risk of breaking down below $61,000, as it tested familiar trendlines for support, causing a decline in its price. Despite the low-timeframe volatility affecting liquidity, BTC lacked significant upward momentum. Traders were closely monitoring the 100-day simple moving average (SMA) and the short-term holder realized price (STH-RP), which are considered crucial support levels in a bull market. Last week, BTC briefly dipped to $56,500 but did not violate these levels for an extended period.\nAt the time of writing, the 100-day SMA and STH-RP were at $61,200 and $60,100, respectively. Skew, a popular trader, highlighted the significance of the 100-day SMA and the monthly open at $60,600 on higher time frames. He emphasized the importance of seeing evidence of sellers being absorbed to confirm strong demand.\nBitcoin's price movements also had an impact on the network's fundamentals. The mining difficulty, a measure of the computational effort required to mine new BTC, was set to decrease by 5.5% at the time of writing. This adjustment was the largest downward correction since the end of the 2022 bear market when BTC was trading below $20,000. Currently, the difficulty is at an all-time high of 83.23 trillion.\nAnalysts observed that the hashrate, another important metric in mining, was already declining. However, what mattered for miners was the difficulty level, which determines how much Bitcoin they can mine per unit of computational power. Difficulty adjustments occur approximately every 14 days, and assuming a -7% adjustment, the difficulty hashrate would be around 585 EH/s. Despite the drop in hashrate, it remained above earlier predictions, indicating ongoing mining activity.", 'As the cryptocurrency market once again experiences volatility post a strong Q1 2024 surge, investors face fresh uncertainty. The recent price dip raises doubts about the sustainability of the rebound, emphasising the persistent volatility of digital assets. Consequently, market participants navigate uncertain terrain, recognising the inherent risks at play.\nAgainst this backdrop,\xa0Coinbase Global Inc\xa0has emerged as the top cryptocurrency trading platform, commanding a 47% share of voice on Reddit, reveals the\xa0Social Media Analytics Platform\xa0of\xa0GlobalData, publishers of EPI.\nGlobalData’s report,\xa0“Top Platforms for Crypto Trading – Q1 2024,”\xa0 reveals that the remaining top-mentioned platforms for crypto trading are Binance Holdings, Cash App, KuCoin Exchange, Kraken Bitcoin exchange, Bybit Fintech, OKX.com, and Bitfinex.\nShreyasee Majumder, Social Media Analyst at GlobalData, said: “In Reddit discussions on crypto trading platforms, customer service took centre stage as the most popular topic with 52% share during Q1 2024. Platforms like Binance and Kraken received mixed reviews, with users praising efficiency while expressing frustration over the delayed responses and account freezes.\nMeanwhile, Coinbase and Cash App faced pronounced criticism for their handling of inquiries, marked by prolonged wait times and difficulties in issue resolution. These varied experiences underscore the critical importance of addressing service quality across the cryptocurrency market to bolster user satisfaction and foster trust in these platforms.”\nDespite Coinbase garnering 47% of Redditors\' share of voice among the top eight trading platforms, the community\'s diverse opinions highlight concerns about the platform glitches, high fees, and withdrawal costs, prompting calls for enhancements. Although users experienced dissatisfaction due to shortcomings in customer support, their enthusiasm for Coinbase\'s platform functionalities, particularly features like staking, continues to thrive. Furthermore, influencers are engaged in discussions regarding the evolving regulatory landscape, emphasising the need for legal clarity to ensure Coinbase\'s compliance and continued growth.\nBinance emerged as the second-most discussed platform with 29% share of voice during Q1 2024. Redditors embarked on a cautious exploration of various facets of Binance’s operations, delving into the key discussed topics like the platform\'s notable decision to delist Monero, regulatory challenges, and the notable success of $WIF\'s launch on the Binance Smart Chain. Additionally, discussions surrounding trust and security issues, as well as Binance\'s profound impact on altcoins, added depth to the community dialogue.\nMajumder added: “These m **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: 2024-05-10 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,248,530,147,334 - Hash Rate: 599332437.5790136 - Transaction Count: 713791.0 - Unique Addresses: 474605.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.66 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Many artificial intelligence (AI) stocks have generated great returns for investors over the past year. But along the way, that has resulted in some stocks reaching absurdly high valuations. In some cases, investors are paying massive premiums for future growth. High valuations may sometimes be warranted, but in some situations, the premium investors are paying may simply be far too high, putting them at risk for corrections down the road. Three of the most expensive AI stocks to own right now areNvidia(NASDAQ: NVDA),SoundHound AI(NASDAQ: SOUN), andMicroStrategy Incorporated(NASDAQ: MSTR). Are these shares worth their inflated valuations, or is it time to step away from these high-priced stocks? Chipmaker Nvidia has been symbolic of AI's meteoric rise in popularity over the past year. At more than $2 trillion, the stock's market cap has soared to new heights. And unsurprisingly, investors are paying a big premium for a piece of the business. At 36 times the company's trailing revenue, this highly coveted AI stock doesn't come cheap. The bad news for value investors is that it may not get any more affordable as Nvidia has remained a hot buy this year, rising around 80% in value since the start of January. For fiscal 2024, which ended on Jan. 28, the company's revenue soared by 126% to just under $61 billion while posting profits of nearly half that -- $30 billion. If Nvidia can continue growing at such an incredible paceandkeep up an impressive profit margin, it could still look like a cheap buy when bought for the long haul. In Nvidia's case, theAI stockcould still be well worth its high valuation. Shares of SoundHound AI took off earlier this year after investors learned that Nvidia has invested in the AI business. SoundHound uses AI to enable conversational experiences, such as in drive-thrus to expedite and improve the ordering process for customers. There's significant potential there, but this is still a bit of an unproven business, with SoundHound reporting $46 million in revenue last year and its net loss nearly doubling that tally, totaling a negative $89 million. SoundHound hasn't proven it can be profitable, and investors are taking a leap of faith with the business, largely, it appears, on the hopes that Nvidia is right and that it has found a promising AI business to invest in. At $2.5 billion, SoundHound's market cap isn't large, but given its relatively modest revenue, investors are paying a multiple of 45 times its trailing revenue. SoundHound does have the potential to be a good buy if its business proves it can be profitable while growing. But as of right now, that simply isn't the case, and the stock's multiple may be too rich to justify an investment. Unless you have a high risk tolerance, you may want to think twice about owning the stock. The third AI stock on this list is MicroStrategy, which uses AI in enterprise analytics to improve decision-making and give users more useful and actionable insights. It can help users with what-if scenarios and to learn more about their businesses and key drivers. MicroStrategy's fundamentals haven't been all that impressive, with the company reporting $496 million in revenue last year, which was flat from the previous year. And its operating loss totaled $115 million, as this is also a company that struggles with profitability. At nearly 60 times its trailing revenue, this is one of the most highest priced AI stocks investors can buy. A big reason the stock has likely been a hot buy this year, rising 137% thus far, is due to the strength ofBitcoin. MicroStrategy has been acquiring bitcoin and has likely been winning over crypto investors along the way. But for long-term investors, there's nothing here to justify such a steep premium for MicroStrategy. This could turn out to be a risky stock to hold, given its expensive price tag. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of March 20, 2024 David Jagielskihas no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Nvidia. The Motley Fool has adisclosure policy. 3 AI Stocks That Are Trading at Absurdly Highly Valuationswas originally published by The Motley Fool... - 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 were mostly higher on Friday, with the Dow notching its eighth straight winning day.\n• The strong gains in May come ahead of a key CPI report, set to be released on Wednesday.\n• Fed speakers throughout the day struck a slightly hawkish tone.\nUS stocks traded higher on Friday, securing an eight-day winning streak for the Dow Jones Industrial Average.\nThe gains came despite hawkish comments from two Federal Reserve officials on Friday. Fed Governor Michelle Bowman said she doesn\'t expect any interest rate cuts this year, while Fed President Lorie Logan said its still too early to be thinking about interest rate cuts based on the latest inflation data.\nYet, stocks pressed higher anyway, buoyed by a solid first-quarter earnings season.\nOf the 92% of S&P 500 companies that have so far reported results, 81% beat profit estimates by a median of 8%, while 60% beat revenue estimates by a median of 5%, according to data from Fundstrat.\nInvestors will now turn their attention to the upcoming release of the April consumer price index report on Wednesday. The report will offer insights into when the Fed might move forward with interest rate cuts.\nFundstrat\'s Tom Lee expects a lower-than-expected inflation report, which shouldsend dovish signals to the Fed and push stocks higher for the rest of May.\n"This April CPI will highlight the possibility that auto insurance\'s disproportionate impact on CPI is ebbing," Lee said in a note on Friday.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:5,222.66, up 0.16%\n• Dow Jones Industrial Average:39,512.84, up 0.32% (+125.08 points)\n• Nasdaq composite:16,340.87, down 0.03%\nHere\'s what else happened today:\n• Rising home prices are not being caused by Wall Street\'s foray into the single-family home rental market,according to an economist.\n• "Seriously underwater" mortgages are on the rise throughout the US,with Southern states seeing the biggest jump.\n• Stanley Druckenmiller said copper prices will surge over the next six years on growing demand from EVs and missiles.\n• Apple has pulled its new iPad Pro ad that it says "missed the mark" in a rare apology.\n• US home prices have soared 47% so far this decade,outpacing all of the growth seen in the 1990s and 2010s.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil declined 1.10% to $78.39 a barrel.Brent crude, the international benchmark, dropped 1.13% to $82.93 a barrel.\n• Goldedged higher by 1.25% to $2,369.60 per ounce.\n• The 10-year Treasury yield rose 4 basis points to 4.50%.\n• Bitcoindeclined 3.83% to $60,662.\nRead the original article onBusiness Insider', 'Cryptocurrencies are causing seismic shifts in the financial landscape. They can potentially disrupt traditional financial systems at various levels, from personal finance to entire economies.\nHowever, investing in cryptocurrencies requires a different approach than investing in traditional equities. It involves navigating a landscape that blends aspects of stocks with cutting-edge technology.\nTo construct a successful portfolio and capitalize on the unique opportunities offered by cryptocurrencies, I\'ve discovered three key strategies that have proven invaluable over time.\nIt\'s easy to see that investing during the depths ofcrypto winterswould have yielded the most substantial returns. For example, if you had invested when Bitcoin was at $16,000, you\'d be sitting on generous gains of more than 300% today. However, making the decision to invest when the sentiment is bearish and the outlook appears most bleak requires considerable conviction and goes against human nature.\nIronically, during these periods of pessimism, when the market is dominated by fear, the greatest opportunities often arise. Yet capitalizing on these opportunities demands the willingness to swim against the tide.\nUnderstanding the influence of a herd mentality on market sentiment and acknowledging your personal behavioral bias can instill the confidence to navigate challenging times in crypto.\xa0While Warren Buffet\'s stance on cryptocurrencies may be lukewarm, at best, his advice is still applicable: "Be fearful when others are greedy and greedy when others are fearful." By sticking to this, investors can position themselves tocapture those monumental gainsthat have become synonymous with crypto.\nIt isn\'t glamorous but it\'s the harsh truth, and I wish I had heard it earlier in my crypto investing journey:Bitcoin(CRYPTO: BTC)should form the bulk of your cryptocurrency portfolio. Don\'t get me wrong -- the hopes of getting in early on the "next Bitcoin" is tempting.\xa0However, this advice often falls on deaf ears, but most cryptocurrencies will likely fail to outperform Bitcoin over the long haul.\nCrypto analyst Benjamin Cowen displayed this phenomenon in a recent post on X. As you can see, the number of cryptocurrencies that outperformed Bitcoin in 2023 was slim. While this was only measured over the last year, rest assured that if the analysis were to zoom out even further, there would be even fewer cryptos that could claim to outdo Bitcoin.\nThe reasons for Bitcoin\'s dominance over the market are likely a topic for another day, due to the varying reasons. However, for today\'s discussion, the main point to take away is that even though other cryptocurrencies with seemingly infinite upside are alluring, the risk often doesn\'t outweigh the reward.\nWhile it seems like all cryptocurrencies go up, especially in bull markets, the reality is that most fade to worthlessness over the long haul.\nIt\'s up to each investor to determine how many cryptocurrencies they want in their portfolio. But it\'s worth knowing that you could spread yourself too thin.\nWhen you spread your money across dozens of cryptocurrencies, you open up your portfolio to significant risk. While altcoins have a role and are where those monumental gains usually come from, they shouldn\'t make up the bulk of your portfolio. Leave that to Bitcoin. Your future self will thank you.\nThis might be the most difficult one. While stock investors benefit from a plethora of data and information on a company\'s finances at their fingertips, cryptocurrencies operate in a more obscure realm. This means you have to do your own research. You need to teach yourself some fundamentals, such as tokenomics, consensus mechanisms, network functionality, and more, to help measure a cryptocurrency\'s potential.\nEach of these characteristics coincides with each other and forms the foundation of a cryptocurrency\'s long-term potential. Understanding how these factors play with each other will give you an edge to pick and choose cryptocurrencies wisely. The reality is that the majority of cryptocurrencies lose value over time.\nOf most importance, though, doing this research can give you the tools to navigate market fluctuations with confidence. When prices have plummeted, and another bear market sets in, you\'ll be able to operate with the bigger picture in mind and capitalize on opportunities where the fundamentals of a cryptocurrency hold more potential than the current market price.\nBefore you buy stock in Bitcoin, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $543,758!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of May 6, 2024\nRJ Fultonhas positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has adisclosure policy.\n3 Secrets Every Investor Needs to Know Before Investing in Cryptowas originally published by The Motley Fool', 'Stocks have surged higher over the past year-and-a-half, and theS&P 500index is firmly in abull marketthat began in October 2022. Despite the run-up in the broader market index, excellent investing opportunities exist today.\nBlock(NYSE: SQ)is one stock that is an intriguing opportunity for investors. The company is improving its efficiency and gross profit, and has made solid progress on these goals early this year. However, federal prosecutors are also investigating alleged compliance failures at Cash App and Square. If you\'re thinking of buying Block stock, consider the following first.\nLast year, CEO Jack Dorsey announced Block\'s goal to reach the "rule of 40" target by 2026. The goal is for Block to produce sustainable profits and profit margins, with 40 equaling the sum of its gross profit growth rate plus the adjusted operating margin. Dorsey told investors that Block would cap its number of employees at 12,000 "until we feel the growth of the business has meaningfully outpaced the growth of the company."\nBlock has made solid progress toward its goals. In the first quarter, the fintech announced net\xa0income based on generally accepted accounting principles (GAAP) of $475 million, the company\'s best quarterly net income since going public in 2015.\nSQ Net Income (Quarterly)data byYCharts\nDuring the quarter, Block grew its gross profit by 22% year over year, with Cash App (25% growth) and Square (19% growth) contributing to its solid performance. The company made good progress onincreasing engagement with banking productsthrough the Cash App and saw solid growth in its buy now, pay later offering, Afterpay.\nThe Cash App had 57 million monthly transacting actives (a Cash App account with at least one financial transaction using any product or service within Cash App), up 6% from las **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: 2024-05-11 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,197,047,435,719 - Hash Rate: 657199017.7590562 - Transaction Count: 719306.0 - Unique Addresses: 445747.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.53 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Corrects to change Bitcoin losing value, not adding) April 13 (Reuters) - Bitcoin fell 7.1% to $62,346 at 20:31 GMT on Saturday, losing $5,050 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 15.8% from the year's high of $73,794 on March 14. (Reporting by Urvi Dugar in Bengaluru; editing by 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:** ['PALM BEACH, FL. — During his first stint in the White House Donald Trump was no fan of cryptocurrencies; he once tweeted they were "based on thin air." He later sold millions of dollars worth of NFTs. This week, he rebranded himself as crypto\'s candidate of choice.\n"If you’re in favor of crypto you’re gonna vote for Trump because they want to end it," he said at a Wednesday night party in Mar-a-Lago, referring to Democrats and President Joe Biden. He also vowed to make sure his campaign can accept crypto donations.\nThe 77-year-old candidate\'s apparent turnabout came as little surprise to his audience of some 200 supporters. Many had bought $10,000 of Trump Trading Card NFTs to join this surreal, sweltering outdoor reception at the former President\'s Floridian palace. A CoinDesk reporter also attended (as a +1).\nFor nearly an hour, Trump fielded questions from a sea of sweat-drenched suit-wearers. Only a handful of them focused on crypto, an incredibly niche wedge issue that was the nominal anchor of the entire event.\nBut it was enough to make a few things clear:\n1. Trump is no expert on cryptocurrencies.\n2. Trump is an expert atsellingcryptocurrencies.\n3. The first two points don\'t matter because Trump has declared himself the champion of cryptocurrencies.\nOne exchange highlights points 1 and 3 (we will return to 2 later). When asked how he felt about central bank digital currencies (CBDCs) and "government blockchains" (two things that crypto proponents generally oppose) Trump responded "I think it all has its place."\nHe continued:\n"We have some incredible things happening, I mean crypto, if you go back to crypto a couple years ago, people said it wasn’t gonna make it but now it\'s up in record numbers. I guess you could say it\'s a form of currency and I think I’m for that, more and more I’m for that."\nThe substance of Trump\'s support for crypto might be less important to the industry\'s (likely small) cadre ofsingle-issue votersthan the fact he\'s saying anything positive about it. Trump appears to be the first major party presidential candidate that\'s embraced crypto.\nOn the other side of the race is an openly hostile presidential administration. Joe Biden\'s SEC chairman Gary Gensler is waging lawfare against many parts of the crypto industry. And earlier Wednesday, hours before his opponent\'s golf-resort gala, the President vowed to block a House effort to dismantle an SEC accounting rule for crypto that politicalopponentsargue has hampered the industry\'s growth.\n"Biden doesn’t even know what it is. If you ask Biden, \'Sir, are you for or against crypto?\' he’ll say, \'What’s that? Get me off the stage.\' He has no idea," Trump said. Whether or not that somewhat plausible presumption is true, Trump followed up with an attack on Gensler, an official well-versed in crypto.\n"I’ll say this: I’m fine with it, I want to make sure it\'s good and solid and everything else but I’m good with it," Trump said of crypto. He later said, "If we’re gonna have what we have then we’re going to have to embrace a lot of things that not everybody likes."\nHours before Trump\'s impromptu Q&A, the Biden campaign team roasted "people suckered into paying as much as $10,000 for simple digital images of him" in an email to supporters. The email blasted Trump for holding a glitzy NFT dinner instead of campaigning during his midweek break from court.\nBut Trumpwascampaigning on Wednesday night. He was vying for votes from the exceptionally loud crypto crowd that Biden had thoroughly snubbed. Sure, only a few hundred heard him firsthand. Their videos of Trump\'s pro-crypto musings ricocheted across social media and triggered a torrent of media coverage for crypto\'s self-appointed political champion.\n"There\'s 50 million crypto holders in the U.S. That\'s a lot of voters," Ryan Selkis, the CEO of crypto data platform Messari claimed to Mar-a-Lago\'s packed ballroom where VIPs (those who bought $10,000 of NFTs ) mingled with dinner attendees (who paid $4,700). Trump had unexpectedly called Selkis onstage.\nThe soundbites that emerged from Wednesday\'s NFT gala may accelerate crypto\'s polarization by locking it in the same us-or-them shackles that bind much of American politics. Bitcoin\'s libertarian roots hardly resonate today; crypto has its proponents onboth sidesof the aisle.\nRepublican politics\' most powerful voice cast crypto\'s bipartisan reality aside in declaring Democrats want to kill it off. "The Democrats are very much against it," Trump said, hours after 21 of the House\'s 213 Democrats voted to repeal the SEC accounting rule.\nTrump framed himself as the industry\'s only hope. His fluency in the industry\'s issues was spotty. Asked how he would change hostile U.S. policies that drive crypto businesses out of the country, he said: "We\'ll stop it, because I don\'t want that, I don\'t want that. I want that – if we\'re going to embrace it then we have to let them be here."\nThere was one area of crypto where Trump spoke more-or-less expertly: his NFTs. Three collections of Trump NFTs – digital trading cards that depict an uber-jacked Donald in various states of patriotism – have generated millions of dollars in sales. Wednesday\'s dinner gala celebrated high-rollers who bought into his "Mugshot Edition" third collection.\n"We did it when NFTs were not hot and we made NFTs hot again," Trump claimed of his cards, adding that some NFT buyers made tens of thousands of dollars on the resale market.\nAsked by one attendee if he would sell a fourth NFT collection, the longtime businessman demurred. "I believe in supply and demand. And as you know 1 did great, 2 did great, 3 did great. At some point maybe that turns around."\nHe polled the audience: How many Mugshot high-rollers wanted a series 4 collection of NFTs? Most raised their hands. Trump sounded bewildered: "Based on supply and demand, wouldn’t that maybe keep your prices, of the stuff you already bought, wouldn\'t that keep it lower?" He tested their resolve. "Who would likenotto see a fourth collection for that reason?" Only a couple of hands shot up.\n"Ok, a couple of economists," Trump said to the laughter of the crowd.', 'Ether(CRYPTO: ETH), the largest cryptocurrency of the open-source Ethereum network, has rallied nearly 70% over the past 12 months. However, it\'s still trading about 35% below its all-time high of $4,815, which it reached during the apex of the buying frenzy in cryptocurrencies in November 2021.\nSome bullish investors believe Ether\'s price could soar even higher. VanEck\'s Matthew Sigel and Patrick Bush expect its price to reach $11,800 by 2030, while Ark Invest\'s Cathie Wood believes it could beworth $166,000by 2032. Investors should take those estimates with a grain of salt, but I believe Ether could still head much higher for four simple reasons.\nEther,Bitcoin(CRYPTO: BTC), and many other cryptocurrencies were crushed in 2022 as rising interest rates drove investors toward more conservative investments. However, the Federal Reserve recently left its rates unchanged and won\'t likely raise them again this year. That stability -- and expectations for lower rates after inflation cools off -- should drive more investors back toward cryptocurrencies and riskier plays.\nIn August 2021, the Ethereum Network implemented two major changes with its "London" upgrade. First, it changed the calculations of transaction fees -- also known as "gas fees" -- from a manual bidding system instead of an automated one. That change simplified and streamlined the process by setting prices based on the congestion in the network.\nSecond, it started to "burn" -- or remove from circulation -- the base fee of every transaction on its network. That burning process ensured that only Ether could be used to pay for transactions across the Ethereum Network (which solidifies its economic value) while gradually reducing its supply to stabilize its market price.\nIn September 2022, the Ethereum Network switched from the energy-intensive proof of work (PoW) mining method (used by Bitcoin) to the more energy-efficient proof of stake (PoS) method. That transition, known as "The Merge," reduced its total mining energy consumption by about 99.95%.\nIt also made the Ethereum Network deflationary -- so more Ether was being burned than being issued. As a result, about $12.7 billion in Ether has been burned since the London upgrade. That\'s equivalent to 3% of its current market cap of $378 billion. While that burn rate might gradually cool off, the ongoing process should limit the crypto\'s downside potential.\nThe U.S. Securities and Exchange Commission (SEC) approved the first spot price Bitcoin exchange-traded funds (ETFs) earlier this year. However, the SEC has been reluctant to approve the first spot price ETFs for Ether because it believes Bitcoin is the only cryptocurrency that can be considered an asset instead of a security.\nThe SEC believes that Bitcoin\'s PoW process is more similar to the physical process of mining precious metals, so it can be assigned a market-driven spot price like gold and silver. But it says the PoS process that Ethereum uses makes it more similar to a security, which is subject to tighter regulations than commodities.\nThe SEC doesn\'t seem eager to approve the first "spot price" Ether ETFs anytime soon, but ETF issuers -- including VanEck, Ark Invest, and seven other companies -- could file litigation against the agency to accelerate the process. The recent approvals of Bitcoin and Ether ETFs in Hong Kong could also force the SEC to stop dragging its feet.\nThe main thing that sets Ether apart from Bitcoin is its open-source network. Bitcoin\'s blockchain can only be used to mine the cryptocurrency, but developers can build decentralized apps, tokens, and other crypto assets on the Ethereum Network.\nAccording to Fortune Business Insights, the decentralized apps market could grow at a compound annual growth rate (CAGR) **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: 2024-05-12 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,208,953,376,400 - Hash Rate: 545599184.5546882 - Transaction Count: 557164.0 - Unique Addresses: 377543.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.56 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Where will cryptos head as the blockchain ecosystem steadily approaches milestone events such as the halving? Naturally, advocates of decentralized digital assets believe that the sector will swing even higher. While that’s certainly a possibility, prospective investors should consider the holistic narrative. On the bullish front, we’ve heard some amazing forecasts. At this point, a target of $100,000 for the benchmark crypto asset seems a foregone conclusion. Legendary tech investor Cathie Wood is calling for aprice of $3.8 million by 2030. I’m not going to complain if that happens. Certainly, the enthusiasm of young investors – who are used to 24/7/365 conveniences – could attempt to make such lofty goals materialize. However, on the not-so-optimistic side, we’ve already witnessedrecord outflowsaway fromtechnology stocks. Not only that, the smart money is diversifying into conservative funds like bonds and even cash. So, we can’t ignore the possibility that hugely profitable investors could exit virtual currencies at scale. InvestorPlace - Stock Market News, Stock Advice & Trading Tips About the only thing that can be said with high confidence is that it’s going to be a wild ride. Below are key cryptos to watch this week. Source: Sittipong Phokawattana / Shutterstock.com As the benchmark cryptocurrency, all eyes are onBitcoin(BTC-USD). That’s especially the case with the upcoming halving event, which should effectively slow the supply of BTC. For supporters, this event represents a clear upside catalyst as it’s arriving during a period of intense interest in cryptos. At the moment, Bitcoin is charting a consolidation pattern. However, in a broader context, it’s possible that BTC could be in the middle of forming a bullish pennant formation. Specifically, a flagpole appears to have materialized in late February. On the “low” end, we’re possibly witnessing a series of higher lows. And on the “high” end, we’re looking at (again, possibly) a series of lower highs. When these two lines converge, the pennant formation will reach its apex. At that juncture, Bitcoin’s price action could either break out or break down. Fundamentally, crypto investors are enthused because of the halving event. Still, I’m not a big fan of the fading acquisition volume since late February. Given some of the clashing signals, I’d watch this space carefully. Source: Thaninee Chuensomchit / Shutterstock.com As the number two virtual currency by market capitalization,Ethereum(ETH-USD) obviously carries much enthusiasm and support. It also levers much influence on downwind cryptos and that’s where I’m having some issues. Yes, ETH is attractive as a long-term investment. However, some near-term dynamics have sprouted that warrant a closer investigation. Technically, Ethereum has printed the general shape of a bullish pennant formation. You can see a long slanted flagpole that originated in early February. Starting from late February to late March, there are “invisible” trendlines on the lower and upper price action thresholds. In other words, ETH’s trading dynamics appear to be converging toward a focal point. However, what’s concerning is that the pattern is volatile and jagged – not unlike a “classic” pennant formation, if you will. Also, it appears that ETH bulls have really struggled to bring the price back above the $3,500 level. And recently, the optimists failed to hold this level. Lastly, I’m not a big fan of the fading volume against a rising price. As with Bitcoin, Ethereum is one of the cryptos to watch closely before making any big moves. Source: DIAMOND VISUALS / Shutterstock.com As a stablecoin,Tether(USDT-USD) lacks the investing directive or ethos of most other cryptos. Stated differently, investors speculate on blockchain assets for their capital gains potential. However, Tether is pegged on a one-to-one basis with the U.S. dollar. Therefore, it’s more of a convenient method of exchange than a typical investment. As well, USDT essentially provides liquidity for the wider blockchain ecosystem. However, the 1:1 peg to the greenback isn’t perfect. Therefore, it’s possible to extract insights regarding relative value. Over the trailing one-week period, Tether has spent some time below the breakeven point, notably during the March 27 session. That means during much of this session, the dollar was worth more than the peg. Not surprisingly, several cryptos struggled during this cycle. To be fair, most of the sessions during the past seven days were in the black in favor of Tether. That’s the good news. Still, if you’re going to dive into cryptos, I would monitor USDT first. It can give you some good intel before you make your final decision. Source: Rcc_Btn / Shutterstock.com Popular altcoin or alternative cryptocurrencySolana(SOL-USD) briefly regained the number four position regarding market cap before falling back to number five. It’s a tight battle so investors shouldn’t blink. At this juncture, Solana still represents one of the strongest cryptos on record. For one thing, it’s trading above its 50- and 200-day moving averages. It’s also above its 20-day exponential moving average. As a result of this dynamic, Solana doesn’t quite look like the major cryptos in terms of charting patterns. Rather than the distinctive stop-and-go pattern prevalent in the bullish pennant formation, SOL has basically been marching steadily higher since late February. Obviously, that’s a huge plus for current stakeholders. But it also makes deciphering the forward trajectory difficult. Will SOL continue to $200 and beyond? It’s possible. However, prospective investors should also note the fading acquisition volume since mid-March. Ideally, you’d want to see a rising price be confirmed by rising volume. A contradictory signal (rising price, fading volume) could imply forward risks. Be mindful of this circumstance before you make any big moves. Source: Shutterstock While ranking among the most popular cryptos,XRP(XRP-USD) also happens to be one of the most frustrating. Significantly, since the summer of 2022, XRP has been printing a series of higher lows. I encourage readers to check out Barchart’s (free)interactive chartof the digital asset. With this tool, you can plot the lower threshold price. Generally, the trend of rising lows has been strong except for a few notable breaks. Around December 2022 to early January 2023, the trend faltered before picking back up. A similar dynamic occurred early this year. Overall, I’m encouraged that the bulls have managed to restore the trajectory following the technical damage. Nevertheless, you don’t want to incur too much damage. Frankly, the near-term price action – with XRP falling onto its 50 DMA – presents broader risks. Since this asset lacks the pull of a Bitcoin or Ethereum, there’s not as much confidence that XRP will rise quickly following a volatile incident. Therefore, prospective investors will want to approach with caution. Source: Shutterstock One of the most popular altcoins,Cardano(ADA-USD) struggled for a long time relative to other cryptos following the post-2021 market ecosystem. However, during the so-called “Uptober” seasonality cycle, ADA ranked among the top players. Trading from around 25 cents, it briefly shot up to 80 cents recently before encountering a corrective lull. At the moment, the narrative isn’t exactly encouraging. Previously, Cardano’s 50 DMA offered tight support. However, in recent sessions, Cardano dipped decisively below this moving average. The good news is that the 200 DMA should provide support. However, the bad news is that the longer-running average sits at 47.7 cents. That’s a long drop from current levels. Turning to Barchart’sTrader’s Cheat Sheet, ADA benefits from a long line of support levels, ranging from 53 cents to 59.4 cents. However, the declining volume since late February isn’t encouraging. Therefore, you’d like the bulls to show their hands and provide some much-needed support before making big moves here. Source: Zarko Prusac / Shutterstock.com WhileDogecoin(DOGE-USD) may have started off as a joke, it has attracted serious money. Currently, its market cap stands at $27.2 billion. It’s ranked as the number eight most valuable crypto, again a notable label for a joke asset. Nevertheless, the current volatility may test even the most dedicated advocate’s commitment. To be sure, Dogecoin gained about 4% of market value over the trailing seven days since Tuesday early morning. However, in the past 24 hours, it lost almost 9%. With the recent splash of red ink, that puts DOGE near its 20-day exponential moving average. Here, the good news is that Dogecoin trades well above its 50 DMA (14.3 cents) and 200 DMA (9.3 cents). However, the not-so-great news is that the wild motion is liable to make new investors seasick. Also, Dogecoin has been experiencing fading volume since late February. As mentioned earlier, I’m not the biggest fan of declining volume not confirming a rising price. Therefore, prospective investors should exercise caution. On the date of publication, Josh Enomotoheld a LONG position in BTC, ETH, USDT and XRP.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. A 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. Tweet him at @EnomotoMedia. • The #1 AI Investment Might Be This Company You’ve Never Heard Of • Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. • It doesn’t matter if you have $500 or $5 million. Do this now. The post7 Cryptos Ready to Soar to New Heights… or Crash and Burnappeared 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:** ["In what has been a rather uneventful week for the crypto market, most cryptocurrencies experienced a downward trend as Bitcoin and other major coins and tokens struggled to make significant gains. According to CoinMarketCap,Bitcoin (BTC)is currently trading at $61,212, marking a decline of over 4% in the past seven days.\nBitcoin, which witnessed a remarkable surge in value following the historic approval of U.S. exchange-traded funds (ETFs), has been grappling with a lack of upward momentum since its plunge below the 2021 all-time high of $69,044 in early April. The excitement surrounding ETFs has waned, dampening the coin's seemingly unstoppable rise.\nHowever, there are signs of potential improvement as money flowed into Bitcoin-based Traditional Finance (TradFi) products for three consecutive days this week. Nevertheless, experts suggest that it may take some time for Bitcoin to reach its all-time high again, with the ultimate outcome likely based on the actions of the U.S. central bank.\nWhile memecoins continue to capture attention with developers exploring quirky tactics to gain visibility, more established cryptocurrencies that enjoyed significant gains in the previous week faced declines.Bonk, a memecoin based on the Solana blockchain, saw a decline of nearly 15%, currently trading at $0.00002342. Another Solana-based coin,Dogwifhat, experienced a dip of over 7% in the past seven days, with its price now at $3.12.\nIn the midst of these fluctuations,Ethereum, the second-largest cryptocurrency, faced more significant challenges compared to its counterparts, experiencing a nearly 7% drop over the week to settle at $2,927. The asset's decline can be attributed, in part, to an ongoing high-profile lawsuit by software company Consensys, which alleges that the SEC has been intentionally creating obstacles for participants in the Ethereum ecosystem.", "In what has been a rather uneventful week for the crypto market, most cryptocurrencies experienced a downward trend as Bitcoin and other major coins and tokens struggled to make significant gains. According to CoinMarketCap,Bitcoin (BTC)is currently trading at $61,212, marking a decline of over 4% in the past seven days.\nBitcoin, which witnessed a remarkable surge in value following the historic approval of U.S. exchange-traded funds (ETFs), has been grappling with a lack of upward momentum since its plunge below the 2021 all-time high of $69,044 in early April. The excitement surrounding ETFs has waned, dampening the coin's seemingly unstoppable rise.\nHowever, there are signs of potential improvement as money flowed into Bitcoin-based Traditional Finance (TradFi) products for three consecutive days this week. Nevertheless, experts suggest that it may take some time for Bitcoin to reach its all-time high again, with the ultimate outcome likely based on the actions of the U.S. central bank.\nWhile memecoins continue to capture attention with developers exploring quirky tactics to gain visibility, more established cryptocurrencies that enjoyed significant gains in the previous week faced declines.Bonk, a memecoin based on the Solana blockchain, saw a decline of nearly 15%, currently trading at $0.00002342. Another Solana-based coin,Dogwifhat, experienced a dip of over 7% in the past seven days, with its price now at $3.12.\nIn the midst of these fluctuations,Ethereum, the second-largest cryptocurrency, faced more significant challenges compared to its counterparts, experiencing a nearly 7% drop over the week to settle at $2,927. The asset's decline can be attributed, in part, to an ongoing high-profile lawsuit by software company Consensys, which alleges that the SEC has been intentionally creating obstacles for participants in the Ethereum ecosystem.", "Wells Fargo, one of the prominent banking institutions in the United States, hasrevealedits foray into the world of cryptocurrencies through investments in various Bitcoin exchange-traded funds (ETFs). The disclosure was made in a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC).\nAccording to the filing, Wells Fargo has purchased shares of Grayscale's GBTC spot Bitcoin ETF, providing the bank with exposure to the digital asset. Additionally, the document indicates that Wells Fargo has invested in ProShares Bitcoin Strategy ETF (BITO), which offers investors exposure to Bitcoin futures contracts, enabling them to speculate on the future price movements of the cryptocurrency.\nHowever, it is important to note that the bank's investments in these crypto-related vehicles are relatively small. The filing reveals that Wells Fargo's holdings in GBTC amount to $141,817, while its investment in ProShares is less than $1,200. Furthermore, the bank has a mere $99 exposure to Bitcoin Depot Inc., a Bitcoin ATM provider.\nThis move by Wells Fargo follows reports from February, which suggested that the bank, along with Merrill, a division of Bank of America, was offering its wealth management clients the opportunity to invest in Bitcoin ETFs through brokerage accounts. Over the years, Wells Fargo has expressed interest in digital assets, and in 2019, it even conducted a pilot program involving its own digital currency.", "Wells Fargo, one of the prominent banking institutions in the United States, hasrevealedits foray into the world of cryptocurrencies through investments in various Bitcoin exchange-traded funds (ETFs). The disclosure was made in a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC).\nAccording to the filing, Wells Fargo has purchased shares of Grayscale's GBTC spot Bitcoin ETF, providing the bank with exposure to the digital asset. Additionally, the document indicates that Wells Fargo has invested in ProShares Bitcoin Strategy ETF (BITO), which offers investors exposure to Bitcoin futures contracts, enabling them to speculate on the future price movements of the cryptocurrency.\nHowever, it is important to note that the bank's investments in these crypto-related vehicles are relatively small. The filing reveals that Wells Fargo's holdings in GBTC amount to $141,817, while its investment in ProShares is less than $1,200. Furthermore, the bank has a mere $99 exposure to Bitcoin Depot Inc., a Bitcoin ATM provider.\nThis move by Wells Fargo follows reports from February, which suggested that the bank, along with Merrill, a division of Bank of America, was offering its wealth management clients the opportunity to invest in Bitcoin ETFs through brokerage accounts. Over the years, Wells Fargo has expressed interest in digital assets, and in 2019, it even conducted a pilot program involving its own digital currency.", 'Lightning Labs, the developer behindBitcoin\'s Lightning Network, has conducted successful tests of a protocol aimed at enabling stablecoins to be issued on the Bitcoin blockchain. During her speech at the Financial Times Crypto and Digital Assets Summit, Lightning Labs CEO Elizabeth Stark announced that the developer recently executed a test transaction on the Lightning Network using an asset created with the Taproot Assets protocol.\nStark emphasized the objective of having "crypto dollars and stablecoins" on the Bitcoin blockchain, stating that it would address real-world problems and attract more users to the realm of digital assets. She expressed a strong focus on solving practical issues rather than promoting memecoins or gambling-related ventures.\nThe Lightning Labs CEO also highlighted a surge of developer interest in Bitcoin following its halving event. She cited examples of builders working on decentralized finance (DeFi) projects and initiatives like bitVM, which enables the creation of Turing-complete Bitcoin contracts. Stark emphasized the global transactability of Lightning Labs\' technology, aiming to eliminate the concept of cross-border payments. She questioned the need to label transactions as "cross-border" when we don\'t use such terminology for other internet-based activities like emails or text messages.\nReferencing a recent report by the International Monetary Fund (IMF), Stark noted that Bitcoin has become a crucial channel for remittances and evading capital controls in emerging markets. This finding aligns with the experiences of developers and communities working in regions affected by hyperinflation and authoritarian regimes. In such circumstances, Bitcoin serves as an asset and a means of transacting when traditional alternatives are limited.', 'Lightning Labs, the developer behindBitcoin\'s Lightning Network, has conducted successful tests of a protocol aimed at enabling stablecoins to be issued on the Bitcoin blockchain. During her speech at the Financial Times Crypto and Digital Assets Summit, Lightning Labs CEO Elizabeth Stark announced that the developer recently executed a test transaction on the Lightning Network using an asset created with the Taproot Assets protocol.\nStark emphasized the objective of having "crypto dollars and stablecoins" on the Bitcoin blockchain, stating that it would address real-world problems and attract more users to the realm of digital assets. She expressed a strong focus on solving practical issues rather than promoting memecoins or gambling-related ventures.\nThe Lightning Labs CEO also highlighted a surge of developer interest in Bitcoin following its halving event. She cited examples of builders working on decentralized finance (DeFi) projects and initiatives like bitVM, which enables the creation of Turing-complete Bitcoin contracts. Stark emphasized the global transactability of Lightning Labs\' technology, aiming to eliminate the concept of cross-border payments. She questioned the need to label transactions as "cross-border" when we don\'t use such terminology for other internet-based activities like emails or text messages.\nReferencing a recent report by the International Monetary Fund (IMF), Stark noted that Bitcoin has become a crucial channel for remittances **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: 2024-05-13 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,239,488,784,375 - Hash Rate: 607599091.8904481 - Transaction Count: 554780.0 - Unique Addresses: 466123.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.57 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • BOB's ("Build on Bitcoin") aim is to roll out the first Bitcoin layer-2 network that's compatible with the Ethereum Virtual Machine (EVM) standard. • The seed round was led by Castle Island Ventures. BOB, a hybrid layer-2 network – sitting atop the Bitcoin blockchain, but with Ethereum compatibility – has raised $10 million in seed funding. The round was led by Castle Island Ventures and included participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, UTXO Management, along with angel investors Dan Held andDomo, creator of the BRC-20 token standard. BOB's aim is to roll out the first Bitcoin layer 2 with Ethereum Virtual Machine (EVM) compatibility. EVM is Ethereum’s native processing system that allows developers to create smart contracts. The name BOB is an acronym for "Build on Bitcoin." Bringing Ethereum-style contracts to Bitcoin is seen as something of a sticky wicket due to concerns that the computations would place a strain on the network and degrade performance for other users. However, the spirit of developing atop Bitcoin received some fresh impetus last year through the BitVM proposal,as laid out in a whitepaper in October. Under BitVM, computations would be performed off-chain and then verified on-chain, similar to the mechanics ofoptimistic rollups on Ethereum, meaning there would be no risk of clogging up the network at other users' expense. Read More:Satoshi-Era Bitcoin Function 'OP_CAT' Dusted Off as Development Fervor Grows... - 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 were mixed on Monday, with the Nasdaq higher while the Dow ended its 8-day win streak.\n• Investors are bracing for the release of two inflation data points this week: PPI and CPI.\n• The inflation data will help inform investors when the Fed might cut interest rates.\nUS stocks were mixed on Monday, with theNasdaq 100higher while the Dow declined slightly, ending its 8-day win streak.\nNot evena short-squeeze in meme stockscould help propel theDow Jones Industrial Averageto a ninth straight day of gains.\nThe mixed trading occurred on a rather busy day for markets, with shares ofGameStopandAMC Entertainmentroaring back with intra-day gains of more than 100% after Keith Gill returned to social media.\nMeanwhile, investorsare bracing for a busy week of economic updates,with a slew of economic data points set to be released in the coming days.\nOn the inflation front, the producer price index and the consumer price index will be released on Tuesday and Wednesday, respectively. The inflation data will help investors determine when the Federal Reserve might cut interest rates.\nInvestors expect Core PPI to rise 0.2% in April, compared to the 0.2% gains in March. And for Core CPI, investors expect the index to rise 0.3% in April, compared to the 0.4% gain in March.\nFed Chairman Jerome Powell will speak on Tuesday, and April retail sales data will be released Wednesday, both of which could move markets.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Monday:\n• S&P 500:5,221.42, down 0.02%\n• Dow Jones Industrial Average:39,431.51 down 0.21% (-81.33 points)\n• Nasdaq composite:16,388.24, up 0.29%\nHere\'s what else is going on today:\n• From a 65% stock market crash to an imminent recession,here\'s a roundup of all the bearish forecasts on Wall Street.\n• It\'s not just Wall Street pros that expect a stock market crash.Meet the retail doomsayers waiting for the economy to crumble.\n• The return of Roaring Kitty on social media has led to GameStop stock soaring more than 50%in Monday morning trades.\n• A flood of crypto meme tokens hit the market after Keith Gill\'s return to social media,with some printing 1,000%+ gains.\n• Tesla stock will plunge 70% after its robotaxi and AI ambitions fall flat,according to "Big Short" investor Danny Moses.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil jumped 1.20% to $79.20 a barrel.Brent crude, the international benchmark, rose 0.81% to $83.46 a barrel.\n• Goldedged lower by 1.32% to $2,343.70 per ounce.\n• The 10-year Treasury yield fell 1 basis points to 4.49%.\n• Bitcoinjumped 2.66% to $63,092.\nRead the original article onBusiness Insider', "Bitcoin (BTC)gained 2.80% over the past 24 hours, touching $63,098, ahead of the release of United States macroeconomic data this week. Remarks from Federal Reserve chair Jerome Powell could create a volatile mix for risk assets, with significant implications for Bitcoin and crypto markets.\nIn addition to these market dynamics, all eyes are on the macroeconomic developments in the United States this week. The upcoming CPI release on May 15 will shed light on the inflation debate and the possibility of interest rate cuts. Furthermore, Federal Reserve Chair Jerome Powell's remarks on the economy will be closely scrutinized for any hints regarding future policy moves.\nBitcoin's ability to hold above the $60,000 zone is seen as crucial for the short-term outlook. Analysts are cautious about losing this level, warning of a potential revisit to previous lows. Conversely, if BTC can hold above $60,000, it could pave the way for further gains towards $64,000 to $67,000.\nMeanwhile, long-term holders (LTHs) of Bitcoin are increasing their exposure to the cryptocurrency, mirroring the behavior observed during the 2021 bull market. On-chain data shows that LTH entities are accumulating coins at current low prices, intending to reintroduce them to the market during periods of hype. This trend suggests a cyclical pattern where long-term holders buy during bear markets and sell during bull markets, contributing to a growing share of Bitcoin being held by these entities.", "Bitcoin (BTC)gained 2.80% over the past 24 hours, touching $63,098, ahead of the release of United States macroeconomic data this week. Remarks from Federal Reserve chair Jerome Powell could create a volatile mix for risk assets, with significant implications for Bitcoin and crypto markets.\nIn addition to these market dynamics, all eyes are on the macroeconomic developments in the United States this week. The upcoming CPI release on May 15 will shed light on the inflation debate and the possibility of interest rate cuts. Furthermore, Federal Reserve Chair Jerome Powell's remarks on the economy will be closely scrutinized for any hints regarding future policy moves.\nBitcoin's ability to hold above the $60,000 zone is seen as crucial for the short-term outlook. Analysts are cautious about losing this level, warning of a potential revisit to previous lows. Conversely, if BTC can hold above $60,000, it could pave the way for further gains towards $64,000 to $67,000.\nMeanwhile, long-term holders (LTHs) of Bitcoin are increasing their exposure to the cryptocurrency, mirroring the behavior observed during the 2021 bull market. On-chain data shows that LTH entities are accumulating coins at current low prices, intending to reintroduce them to the market during periods of hype. This trend suggests a cyclical pattern where long-term holders buy during bear markets and sell during bull markets, contributing to a growing share of Bitcoin being held by these entities.", "El Salvador hasintroduceda proof-of-reserves website that offers tools for monitoring the country'sBitcoinholdings using on-chain data. The online Bitcoin treasury provides real-time information about El Salvador's BTC reserves. The nation currently holds 5,748 BTC, valued at approximately $360 million, with Bitcoin trading around $63,000.\nOver the past week, El Salvador purchased seven BTC worth over $438,000, and in the last 30 days, it added a total of 31 BTC worth $1.94 million, according to the website. These acquisitions align with El Salvador's objective of adding one Bitcoin to its treasury daily.\nEl Salvador made history in September 2021 when it became the first country to adopt Bitcoin as legal tender. The government's decision aimed to promote financial inclusion, facilitate more efficient remittance payments, and attract financial innovation. President Nayib Bukele faced criticism after Bitcoin's price dropped from its previous all-time high of $69,000 in November 2021 following the FTX exchange collapse. El Salvador's Bitcoin holdings suffered significant losses, with Bitcoin plummeting to as low as $16,000 during the bear market.\nHowever, El Salvador's Bitcoin holdings now have an unrealized profit of over $57.4 million. The country has been dollar-cost-averaging into Bitcoin since 2021, with an average buying price of $43,097 per BTC. With BTC trading above $62,000, the nation's Bitcoin investment has proven to be lucrative.", "El Salvador hasintroduceda proof-of-reserves website that offers tools for monitoring the country'sBitcoinholdings using on-chain data. The online Bitcoin treasury provides real-time information about El Salvador's BTC reserves. The nation currently holds 5,748 BTC, valued at approximately $360 million, with Bitcoin trading around $63,000.\nOver the past week, El Salvador purchased seven BTC worth over $438,000, and in the last 30 days, it added a total of 31 BTC worth $1.94 million, according to the website. These acquisitions align with El Salvador's objective of adding one Bitcoin to its treasury daily.\nEl Salvador made history in September 2021 when it became the first country to adopt Bitcoin as legal tender. The government's decision aimed to promote financial inclusion, facilitate more efficient remittance payments, and attract financial innovation. President Nayib Bukele faced criticism after Bitcoin's price dropped from its previous all-time high of $69,000 in November 2021 following the FTX exchange collapse. El Salvador's Bitcoin holdings suffered significant losses, with Bitcoin plummeting to as low as $16,000 during the bear market.\nHowever, El Salvador's Bitcoin holdings now have an unrealized profit of over $57.4 million. The country has been dollar-cost-averaging into Bitcoin since 2021, with an average buying price of $43,097 per BTC. With BTC trading above $62,000, the nation's Bitcoin investment has proven to be lucrative.", "SpotBitcoinETFs in the United States experienced a turnaround as net inflows of $116.8 million were recorded last week, following four consecutive weeks of outflows exceeding $1 billion. Fidelity's FBTC dominated last week's net inflows, attracting $111.3 million, followed by Ark Invest's ARKB, which generated $82.8 million. BlackRock's spot Bitcoin ETF, IBIT, experienced a slowdown in recent weeks, seeing its first net daily outflows on May 1. Nevertheless, IBIT secured $48.1 million in net inflows, ranking third for the week.\nGrayscale's Bitcoin Trust was the only spot ETF to witness net outflows, with $171.1 million exiting the fund. Interestingly, Grayscale's trust broke its streak of outflows with $63 million of net inflows on May 3, followed by an additional $3.9 million on Monday.\nThe overall flow of funds into spot Bitcoin ETFs has significantly decreased since peaking on March 12 at a net daily inflow of $1.05 billion. Following the peak, Bitcoin's price experienced a 23% decline from its all-time high of $73,836 on March 14, hitting $56,900 on May 1 before recovering. Presently, Bitcoin is trading around $62,800, gaining almost 2.80% over the past 24 hours.\nDespite the reversal in flows, trading volume for U.S. spot Bitcoin ETFs declined to $7.4 billion last week, compared to the previous week's $11 billion. Similarly, the global crypto exchange-traded product market 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: 2024-05-14 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,217,962,882,194 - Hash Rate: 562132493.1775575 - Transaction Count: 422043.0 - Unique Addresses: 458041.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.66 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: After taking a breather last week, the crypto market picked up over the weekend and crypto stocks are reacting positively in early trading Monday.Meme coins, which provide no real value, are once again the hot topic of the day. Coinbase Global(NASDAQ: COIN)has been one of the biggest winners. It was up 10.9% in early trading and is up 9.7% at 1 p.m. ET. Some of the biggest altcoins were also up big, withSolana(CRYPTO: SOL)up 13.5% from Friday's market close,Lido DAO(CRYPTO: LDO)gaining 13.2%, andOptimism(CRYPTO: OP)up 13.2%. It's no surprise that whenBitcoinrises the rest of the market follows. In this case, Bitcoin is up 7.3% in the last 24 hours as I'm writing and altcoins have magnified that move. As the biggest custodian for Bitcoin ETFs, Coinbase is one of the beneficiaries of the increase in Bitcoin's value and trading. In the last 24 hours, the exchange has $4 billion in trading volume, up sharply from around $1 billion during the lows of the crypto bear market. Solana continues to experience high transaction volume on the back of the meme coin phenomenon. The blockchain has recently seen a two-year high in both activity and total value locked, which is a measure of investment in tokens. Lido DAO is up in part because there continues to be speculation anEthereumexchange-traded fund (ETF) is next after Bitcoin ETFs were approved. The Securities and Exchange Commission (SEC) recently delayed a decision on Ethereum ETFs for at least 60 days, but didn't deny applications. If approved, Ethereum's value could rise and fees for staking platforms like Lido could go up, which is why the token is on the rise. Optimism is the technology foundation of the Base blockchain launched by Coinbase and it's seeing major inflows as the crypto bull market continues. This is a scaling solution for Ethereum and as more activity hits the blockchain these scaling solutions are needed. And meme coins are once again playing a role, increasing the activity on the Base blockchain right now. Slowly but surely, the crypto market is gaining both price and development momentum. Prices are up almost on momentum alone and Bitcoin is the tide that's lifting all cryptocurrencies. But the improvements on the blockchain are what I'm most excited about. Assets like bonds are being tokenized, decentralized exchanges are improving, and even alternative U.S. dollar tokens are growing in popularity. The more that's built on the blockchain the more value there will be for tokens. The challenge is the legal framework in the U.S. and around the world, which is still unclear. But it seems there's momentum in getting more tokens approved and trading more widely as ETFs. I'm bullish on crypto in general and think focusing on the use cases providing real utility like high speed, low costs, and foundations businesses can build on will provide the most value. Coinbase and Solana are proving to provide that for investors and while the momentum is up right now, don't be surprised if volatility is ahead. Should you invest $1,000 in Coinbase Global right now? Before you buy stock in Coinbase Global, consider this: TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Coinbase Global wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of March 25, 2024 Travis Hoiumhas positions in Coinbase Global, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, Ethereum, Lido DAO, and Solana. The Motley Fool has adisclosure policy. How Meme Coins Are Driving Coinbase, Solana, and Lido Higherwas originally published by The Motley Fool... - 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:** ['What Can Lifeform Bring To WEB3 And BTC Ecosystem? — True Interconnectivity And Interoperability\nNew York, May 14, 2024 (GLOBE NEWSWIRE) -- As a pioneer in the DID\xa0field, Lifeform continuously fulfills its mission amidst the BTC wave, contributing to the development of the BTC ecosystem.\xa0Lifeform\xa0token has announced the official launch on Bybit and kuCoin exchange, trading commences on 15th May, 2024.\nLifeform, supported by investments from a host of prominent institutions, excels in focusing on the mentioned two objectives. Let us explore how Lifeform is executing its DID blueprint.\nUnlike other DID solutions that are constrained by the specific characteristics of different public blockchains, thereby limiting their cross-chain capabilities and application scopes, Lifeform offers full-chain domain names with .btc services. It is the first platform to support multi-blockchain domain name resolution (including, but not limited to, Bitcoin, Ethereum, BNB Chain, Solana, Base, Avalanche, and OPBNB) as an all-in-one domain resolution platform. This platform has already implemented mappings for .eth, .bnb, .sol, .arb, and other domain names under the Lifeform Universal Domain .btc, enabling functionalities such as cross-chain transactions, multi-chain asset inquiry, multi-channel integration, interactive social networking, and cross-chain finance.\nIn its roadmap, Lifeform also proposes collaborations with various wallets to integrate the .btc domain SDK into exchange wallets; its plan for supporting seamless interaction across multiple Layer1 and Layer2 networks.\nLifeform leverages its technological edge in AI to analyze cross-chain activities. By profiling users based on their asset management behaviors, Lifeform provides tailored recommendations for blockchain services, tokens, or dApps.\nParticularly for Web2 users who hold substantial amounts of idle BTC assets, Lifeform facilitates easy linkage to BTC Layer2 protocols, such as decentralized staking protocols characterized by stable yields and DeFi Machinegun Pool. This approach enhances the possibility of earning additional income without the need to sell cryptocurrency assets.In the future, Lifeform also plans to utilize AI to launch various practical smart devices, such as BTC Mobile and head-mounted displays. These innovations will contribute to the establishment of a free, unrestricted Bitcoin ecosystem mobile application store, providing comprehensive mobile solutions for the Bitcoin developer community.\nIn terms of presentation, Lifeform is a leader in visual DID. With advanced high-resolution engines, users can easily create any virtual avatar and link it with one click to Web2 streaming media for dynamic virtual persona manipulation. Ultimately, Lifeform aims to bring the next billion users into Web3. Users will not only possess a unique full-chain identity and social space, but in the near future, they will also be able to navigate through the AR & XR world using smart devices with the Universal Domain.\nFrom Digital Gold to Application-Driven Asset\n2024 is set to be a landmark year for Bitcoin: with the SEC finally approving the Bitcoin ETF, and the quadrennial halving event taking place. If prior to 2024, Bitcoin DeFi applications were merely tethered as value anchors, the subsequent approval has shifted BTC from merely being the digital gold of the crypto world to a truly application-driven asset.\nOne manifestation is that, spurred by the rapid rise of inscriptions last year, a plethora of Layer2 projects aimed at constructing new scaling solutions on Bitcoin sprang up like mushrooms after rain, with the TVL in DeFi surpassing the $2 billion mark. However, at the same time, Bitcoin, which has followed a developmental path similar to Ethereum, has replicated the same issues: Layer2 solutions are not the panacea for enhancing scalability. As economic activities between various protocols become segregated, forming a barrier to blockchain interoperability, the construction of "bridge builders" is inevitably seen as a crucial element in this transformation, with Decentralized Identities (DID) being an important part of this process.\nAs other application-specific public blockchains have developed their own representative DID projects, Bitcoin ecosystem has seen the emergence of service providers like Lifeform. Over the past year, Lifeform has raised $400 million in valuation through two funding rounds, with investments from notable institutions such as Binance, IDG Capital, GeekCartel, Foresight Ventures, KuCoin Labs, and SevenX Ventures, whose actions are becoming increasingly influential.\nWhy is DID so critical, and why is Lifeform a leader on the BTC DID track? This article will outline the importance of DID and the activities undertaken by Lifeform.\nOffers A Promising Solution to Enhance Blockchain Interoperability.\nThe essence of the network is connectivity. On the internet, most platform data still cannot be freely traded or leveraged to create additional value.\xa0Blockchain technology faces similar challenges. Not only is inter-chain interaction difficult, but the transitions between different smart contracts on the same chain, as well as interactions among Layer1, Layer2, and Layer3, are also severely limited.\nDecentralized Identifiers (DID) have emerged as a solution to enhance blockchain interoperability. DIDs serve as containers for identity, certificates, private keys, and assets, designed to bridge multiple service scenarios and data sources. Compared to traditional internet IDs, Web3\'s DIDs, with their decentralized nature, have inherent privacy advantages. Control is in the hands of the users, eliminating the security risks associated with outsourcing identity management to centralized entities. Furthermore, compared to crypto wallets, DIDs can integrate multiple blockchain addresses and even multiple wallet accounts. They can evolve from 2D to 3D identities, providing a richer user profile and a more vivid and dimensional identity image. The combination of different data enhances the richness of application scenarios.\nAn ideal DID would aggregate addresses from mainstream public blockchains, supporting basic functions like signing and transferring while integrating fragmented data from different blockchains that a user may have. Additionally, it would allow users to autonomously authorize which data to disclose to projects, thereby helping users achieve data sovereignty.\nPoised to Become the Super Gateway That Helps Web3 Go Viral\nDID is playing a pivotal role in expanding the reach of Web3.\xa0Particularly significant was the approval by the U.S. Securities and Exchange Commission of the Bitcoin ETF in January of this year, which officially recognized BTC as a U.S. dollar-denominated investment.\xa0According to the latest data, leading financial institutions like BlackRock and Fidelity, among others, have collectively purchased over 500,000 bitcoins through 10 ETFs (excluding Grayscale), injecting more than $30 billion into the sector.\nFor individuals eager to embrace the world of cryptocurrency yet lacking a low-barrier entry point as an opportunity, a sufficiently simple Web3 gateway is the first step in creating a positive user experience for non-Web3 users.\nDIDs offer a lower barrier to entry and lower cognitive load, combined with a strong network effect, making them a likely candidate as a super gateway for users entering Web3. Once DID becomes a new channel for capital inflows, its ability to transform non-financial behaviors into trustable reputation scores and financial behaviors into quantifiable credit values could drive transformative development across Web3 applications.\nLifeform’s introduction of a full-chain domain has opened a gateway to the crypto world for Web2 users, acting as the first Web3 passport for new entrants. With crypto assets, users can easily earn high annual yields without needing to master complex blockchain technologies; a single click is all that is required. As 2024 sees an influx of new Web2 users, the majority of whom are unfamiliar with blockchain operations, this segment of capital is in search of a familiar entry point. Lifeform provides this accessible gateway, serving as a bridge between Web2 and Web3 and enabling every user to manage their finances effortlessly. With the significant influx of capital, the future development prospects are unimaginable.\nLifeform will kickstart a transformative era for BTC.\nIn conclusion, the future of BTC and Lifeform is intertwined, mutually empowering each other\'s endeavors.\xa0With increasing interoperable integration, Lifeform is enhancing the BTC ecosystem to become simpler, faster, more equitable, and more trustworthy.\nFor Lifeform, leveraging the widespread recognition of BTC, the earliest-born and most valuable blockchain network, outside the crypto circle, opens up broader market opportunities and prospects significantly.\nBTC will also usher in a truly decentralized user ecosystem centered around credit and reputation in the future: DeFi may see a world of low collateral or even uncollateralized credit loans, spawning a wider array of credit financial products; meanwhile, advanced and simplified social service behaviors, such as chatting, reputation scoring, and personal achievement displays, will also build a mature on-chain social network comparable in scale to Web2; GameFi, NFTs, and DAOs, among other Web3 applications, will also have a distinct future within the BTC ecosystem.\nLooking ahead, as the frequency and complexity of user on-chain operations increase, alongside the continuous advancement of cryptography and Web3 technology, we can expect Lifeform to become a key hub and foundational infrastructure connecting BTC and even broader \xa0Web3 assets, applications, and services.\nDisclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. Do your own research befo **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: 2024-05-15 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,256,753,373,862 - Hash Rate: 582799128.9561441 - Transaction Count: 493012.0 - Unique Addresses: 516619.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.64 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: At first glance,Coinbase Global(NASDAQ: COIN)looks like a terrible investment right now. The stock price has more than tripled in 52 weeks. The cryptocurrency exchange operator's shares trade at the lofty valuation of 103 timesfree cash flowsand 950 times earnings. I mean, it's enough to make even seasoned growth investors reach for the smelling salt. Many investors won't look any further. Happy to skip this seemingly overvalued crypto stock, they move on to the next idea. And that could be a big mistake. Coinbase is going through the usual four-year cycle of boom and bust in the crypto space, and the rising bottom-line profits barely clicked above the breakeven line so far. Let me show you two reasons you should consider making Coinbase your next stock investment. Sure, Coinbase's stock looks expensive at the moment. The crypto market is waking up from another cold, hard winter, and the whole industry is soaring.Bitcoin(CRYPTO: BTC)is up 138% over the last year, whileEthereum(CRYPTO: ETH)gained 85%. Low-priced altcoins are jumping even higher, led bySolana(CRYPTO: SOL),posting a 730% one-year gain. Coinbase saw a 270% return over the same period, and for good reason. The company doesn't build value by holding Bitcoin coins or Ethereum tokens. Its digital currency holdings are minimal and only used to facilitate its customers' crypto trades as smoothly as possible. Coinbase doesn't even record changing values in digital assets as a revenue item but as a part of its operating costs. Instead, it makes money from transaction fees, interest and blockchain rewards, and subscription-style services. You know, pretty much like any ordinary bank, just based on a different set of financial assets. The company's financial health is more closely related to basic interest in cryptocurrencies than to the price of any specific digital currency. Coinbase has been around since the early days of crypto. Founded in 2012, with only three cryptocurrencies on the market and one Bitcoin worth less than $7, the exchange has experienced three ofBitcoin's halving cycles. The fourth one is coming up next week, cutting the rewards for mining Bitcoin in half again. Each halving so far has fueled a dramatic run-up in Bitcoin prices, giving the crypto industry another turn in the spotlight and inspiring larger transaction volumes across different digital coin types. So, that scenario is about to play out again, but things are different this time. And it's all about exchange-traded funds (ETFs) tied to Bitcoin's spot price. Spot Bitcoin ETFs give investors a radically different way to invest in this newfangled asset class. Instead of opening a new account with Coinbase or some other crypto exchange, learning a different set of trading rules and processes, and taking direct ownership of digital currencies, you can now make Bitcoin trades pretty much like you'd buy or sell an ordinary stock. The Securities and Exchange Commission (SEC) approved 11 applications for this brand-new ETF type in January, and they already manage more than $53 billion of Bitcoin assets. The expected arrival of spot Bitcoin ETFs inspired an early start to the fourth halving surge. As noted earlier, many cryptocurrencies and related stocks have soared over the last year thanks to halving expectations, ETF plans, and a calmer economic inflation trend. On top of this robust launching pad, Coinbase will record higher trading volumes thanks to the new ETFs. But wait a minute -- why would that be a good thing? Aren't these ETFstaking awaypotential crypto-trading volume from the Coinbase system? Thanks for asking. As it turns out, most ETFs are using a third-party custodian service to execute Bitcoin trades and hold the crypto assets in a secure digital wallet. And nine of the 11 ETFs rely on Coinbase. "We're earning revenue, not just on custody, but also on trading and financing," Coinbase CEO Brian Armstrong said on an earnings call in February, four weeks after the ETF approvals. "Every institution is now starting to hold crypto, the asset class will be a standard part of every diversified portfolio. The financial system is officially adopting crypto. This is really good, and Coinbase is the most trusted partner here." So, Coinbase found a new revenue stream while giving the whole crypto market a helpful push. That's a win-win. Coinbase's valuation shrinks dramatically if you look forward to the incoming market surge. The stock trades at 12 times the average next-year revenue estimate and 108 times earnings projections. And in the last five quarterly reports, the company has exceeded the consensus revenue target by an average of 11% -- and earnings have more than doubled the average Wall Street projections. Past performance is no guarantee of future results, but Coinbase has a proven history of leaving analyst estimates behind -- and the company has a unique set of growth-driving balls in the air right now. Keep this up throughout the 12-to-18-month span of the halving cycle's bullish action, and the current stock price quickly starts to look cheap. That's why you should consider picking up a few Coinbase shares now. They will not stay this deceptively cheap forever. Before you buy stock in Coinbase Global, consider this: TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Coinbase Global wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*. See the 10 stocks *Stock Advisor returns as of April 8, 2024 Anders Bylundhas positions in Bitcoin, Coinbase Global, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, Ethereum, and Solana. The Motley Fool has adisclosure policy. 2 Reasons to Buy Coinbase Stock Like There's No Tomorrowwas originally published by The Motley Fool... - 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:** ['(Updates prices)\nBy Tom Westbrook\nSINGAPORE, May 16 (Reuters) - The dollar skidded to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years, pulling forward expectations for rate cuts in the world\'s biggest economy and drawing bets that the U.S. currency may have peaked, for now.\nIn Asia the battered yen extended a rebound into a second session, rallying to its strongest in two weeks at 153.6 to the dollar as the gap between U.S. and Japanese yields narrowed.\nThe Australian dollar, which had surged 1% on Wednesday, hit a four-month high at $0.6714 but then paused after an unexpected rise in Australian unemployment. It was last at $0.6687.\nThe euro edged up to a two-month high at $1.0895. The New Zealand dollar also hit a two-month high at $0.6140. Sterling made a one-month high at $1.27.\nCore U.S. inflation slowed to an annualised 3.6% in April, Wednesday\'s data showed, in line with market expectations. That is well above the Federal Reserve\'s 2% goal, but since it eased from 3.8% a month earlier investors saw it as opening the way for a rate cut as soon as September or perhaps even earlier, as the U.S. presidential election looms in November.\n"If we start to see a significant drop (in inflation) then I think last night was maybe the first step," said Bart Wakabayashi, Tokyo branch manager at State Street.\nSofter-than-expected U.S. retail sales figures, which were flat last month instead of the 0.4% gain that economists had forecast, reinforced the impression the economy was slowing.\nThe data drove a rally in Treasuries and, combined with selling in Japanese bonds, the gap between U.S. and Japanese 10-year yields has narrowed 20 basis points this week - on track for the largest weekly move of the year so far.\nThe Japanese economy however, contracted more than expected in the first quarter, complicating the challenge for policymakers as they look to raise rates from near-zero levels.\nForeign exchange markets may now face a holding pattern until central bankers give a clearer indication of how they intend to respond to the economic data.\n"160 (yen) probably was the top for the dollar for the time being, if not for the rest of the year," said Naka Matsuzawa, chief macro strategist at Nomura in Tokyo.\nBut for it to go down below 150 he said markets would need to see a clearer signal from the Fed of actual rate cuts starting.\nThe U.S. dollar index made its heaviest one-day percentage drop for the year so far on Wednesday, falling 0.75% and through its 200-day moving average. It was at a five-week low of 104.17 in early Asia trade on Tuesday.\nChina\'s yuan rallied slightly to 7.2070 per dollar. Bitcoin regained a footing above its 100-day moving average and touched a three-week high of $66,695.\n(Reporting by Tom Westbrook; Editing by Shri Navaratnam and Christopher Cushing)', '• US stocks soared on Wednesday, with the S&P 500 notching an all-time high.\n• The benchmark index surpassed 5,300 for the first time after April inflation came in cooler than expected.\n• Consumer prices rose 3.4% last month, slightly lower that the 3.5% increase in March.\nUS stocks surged on Wednesday, with the S&P 500 breaking its all-time record as traders took in cooling inflation numbers.\nAll three benchmark indexes rose, while bond yields ticked lower. The Dow Jones Industrial Average surged 350 points while the 10-year Treasury fell 10 basis points to 4.344%.\nThe benchmark S&P 500 rose past 5,300 for the first time ever as investors grow optimistic that the Federal Reserve is still on track to cut interest rates this year after April inflation numbers were softer than the prior month.\nConsumer prices rose 3.4% year-over-year in April, according to data from the Labor Department, lower than the 3.5% increase in March. On a monthly basis, inflation rose 0.3% in April, less than 0.4% in March.\nMarkets are anticipating one to three rate cuts by the end of 2024, while odds that the Fed won\'t cut rates this year at all have been slashed in half, according to theCME FedWatch tool.\n"Today\'s inflation news keeps multiple rate cuts on the table for the second half 2024," Preston Caldwell, the chief US economist at Morningstar said in a note on Wednesday. "Our base case is two cuts in 2024 (September and December) but three or four is not implausible with continued inflation progress in conjunction with weakening economic activity."\nRetail sales also came in softer than expected for the month of April, another sign the economy is cooling. Slower economic activity helps lower inflation, though it could also indicate a slowdown in economic growth.\n"The \'soft landing\' narrative is still a possibility but not a guarantee," Jeffrey Roach, the chief economist of LPL Financial said in a note. "Markets will be looking for more confirmation and the weak retail sales report did not help."\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday:\n• S&P 500: 5,308.15, up 1.17%\n• Dow Jones Industrial Average: 39,908.00, up 0.88% (+349.89 points)\n• Nasdaq composite: 16,742.39, up 1.40%\nHere\'s what else is going on today:\n• These are the top 10 holdings of the Mormon Church\'s $55 billion stock portfolio.\n• The S&P 500 just flashed a bullish signal that suggests the stock market will hit record highsthis summer.\n• Nvidia\'s rally is bound to run out of steam, as the chip giant\'s customers are turning into competitors, one analyst warns.\n• Jamie Dimon says China\'s relationship with Russiawill make it difficult for the US to fully engage with it.\n• Biden\'s new tariffs shows he\'s willing to play hardballas China ramps up its exports, according to Nobel economist Paul Krugman.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 0.99% to $78.79 a barrel.Brent crude, the international benchmark, ticked higher 0.13% to $82.86 a barrel.\n• Goldclimbed 1.21% to $2,3876.77 per ounce.\n• The 10-year Treasury yield dropped 10 basis points to 4.344%.\n• Bitcoinsurged 6.82% to $65,667.\nRead the original article onBusiness Insider', 'By Saqib Iqbal Ahmed\nNEW YORK, May 16 (Reuters) - U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines as evidence that the economy is headed for a so-called soft landing whets market participants\' appetite for risk.\nCall it the Goldilocks trade - a bet that the Federal Reserve will be able to tame inflation while keeping growth from declining too rapidly. While that outcome was in doubt as recently as last month, investors have been reassured by a more recent spate of economic data - including Wednesday’s report showing U.S. consumer prices slowed more than expected in April.\nInvestors\' newfound renewed penchant for risk-taking can be seen across asset classes. The S&P 500 hit a new record high on Wednesday and is up 11% year-to-date as it rebounds from last month\'s decline. The Nasdaq Composite Index and Dow Jones Industrial Average scaled fresh heights as well.\nAssets such as bitcoin and meme stocks, which are often seen as barometers of risk appetite though their ties to economic fundamentals are often questioned, have also soared.\nMeanwhile, participants’ growing confidence was reflected in a survey of fund managers by BofA Global Research: the firm’s broadest measure of investor sentiment, based on cash levels, equity allocations and economic growth expectations, stood at its most bullish since November 2021.\n"Investors\' appetite for risk assets appears to be on the rise," said Garrett DeSimone, head quant at OptionMetrics.\nHere\'s a chart-based look at how investors\' new found optimism is reverberating throughout markets:\nAfter worries over the Federal Reserve\'s ability to cut interest rates in the face of stubborn inflation prompted a 4.2% pullback for the S&P 500 index in April, investors now appear eager to ride stocks higher.\nMany are opting to do so with little attention to hedging their downside. The Cboe Volatility index, which measures demand for protection from market swings, closed at a four-month low on Wednesday. The lesser-known VVIX index, a gauge of how much investors expect the VIX to move, has also dipped and now stands near its lowest level in about a decade.\nWhile there are few takers for options hedges that would guard against a drop in the market, call contracts that would benefit from further stock market gains are in high demand.\nThe one month average daily trading in calls outnumber puts 1.2-to-1, the most bullish this measure has been in about a month, according to data from Options analytics firm Trade Alert.\nSome market participants have also pointed to the rally in meme stocks as a sign of investors’ robust risk appetite.\nShares of GameStop have soared 140% over the last week, after a string of posts on the X platform from an account linked to Keith Gill, the central figure behind the previous frenzy. Shares of other companies, including theater chain AMC and headphones maker Koss have followed suit. Like GameStop, many of the stocks are heavily shorted and their fundamentals have declined over the last few years.\nHopes that softening U.S. economic data may give the Fed the leeway to cut rates later this year has pressured the dollar in recent sessions. The greenback, a popular haven during uncertain times, has dipped 2% against a basket of its peers since hitting a 17-month high in mid-April.\nThat has helped boost some emerging market currencies, which are sometimes considered riskier than those tied to developed markets.\nThe Polish zloty is up 3.7% for the month while the South African rand and the Colombian peso have advanced 2.8% and 2.7%, respectively.\nBond market volatility expectations have also slipped in recent sessions. U.S. Treasury yields - which move inversely to bond prices - fell to more than five-week lows on Wednesday.\nBitcoin, often viewed as a key barometer of risk-taking sentiment, 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: 2024-05-16 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,305,632,092,219 - Hash Rate: 586932456.1118613 - Transaction Count: 476659.0 - Unique Addresses: 494221.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.70 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings frommajor large-cap companies. Traders largely disregarded the latest hawkish comments from Minneapolis Fed PresidentNeel Kashkari, who noted progress on inflation seen in the latter half of 2023 had stalled and mentioned the Federal Reserve might raise rates if inflation becomes persistent. Kashkari also revealed he initially predicted two rate cuts for the year, but now anticipated possibly maintaining two, or reducing to one or none by the June Summary of Economic Projections. The S&P 500 saw a modest increase of 0.2% around midday in New York, with similar gains in the tech-heavy Nasdaq 100 and the Dow Jones, all of which are poised for their fourth consecutive session of gains. TheiShares Russell 2000 ETF(NYSE:IWM), representing small caps, performed notably well, rising 0.8%. Treasury yields declined slightly by about 6 basis points across various maturities from 5 to 30 years, with the 10-year benchmark decreasing to 4.4%, marking a fifth consecutive day of declines. This led to a continued rally in bonds, exemplified by a 1.1% increase in theiShares 20+ Year Treasury Bond ETF(NASDAQ:TLT). In corporate news, chipmakerPalantir Technologies Inc.(NASDAQ:PLTR) saw its shares drop over 13% following weaker-than-expected guidance.Walt Disney Co(NYSE:DIS) also fell sharply by over 10%, setting it on course for its worst performance day since November 2022. In the cryptocurrency and precious metals markets,Bitcoin(CRYPTO:BTC) remained stable at $63,800, while both gold and silver declined by 0.5% Tuesday’s Performance In Major U.S. Indices, ETFs [{"Major Indices": "Russell 2000", "Price": "2,072.99", "1-day %chg": "0.7%"}, {"Major Indices": "S&P 500", "Price": "5,193.42", "1-day %chg": "0.2%"}, {"Major Indices": "Nasdaq 100", "Price": "18,137.08", "1-day %chg": "0.2%"}, {"Major Indices": "Dow Jones", "Price": "38,914.33", "1-day %chg": "0.2%"}] Updated at 12 p.m. EDT TheSPDR S&P 500 ETF Trust(NYSE:SPY) rose 0.3% to $518.80, theSPDR Dow Jones Industrial Average(NYSE:DIA) rose 0.6% to $389.01 and the tech-heavyInvesco QQQ Trust(NASDAQ:QQQ) rose 0.3% to $441.54, according toBenzinga Pro data. Sector-wise, theReal Estate Select Sector SPDR Fund(NYSE:XLE) outperformed, up 1.1%, followed by theMaterials Select Sector SPDR Fund(NYSE:XLB), 1%. TheConsumerDiscretionary Sector SPDR Fund(NYSE:XLY) was the major laggard, down 0.3%. Tuesday’s Stock Movers • Rivian Automotive Inc.(NASDAQ:RIVN) climbed over 5% amid rumors of a potential partnership withApple Inc.(NASDAQ:AAPL). • Simon Property Group Inc.(NYSE:SPG) rose over 3% after the company reported upbeat results during the previous quarter. On the other hand,Lucid Group Inc.(NASDAQ:LCID) fell over 14% after posting mixed quarterly results • Other stocks reacting to earnings wereGlobalFoundries Inc.(NASDAQ:GFS) up over 8%,Vertex Pharmaceuticals Inc.(NASDAQ:VRTX),Datadog Inc.(NASDAQ:DDOG) down over 10%,Duke Energy Corp.(NYSE:DUK) up 1%,Transdigm Group Inc.(NYSE:TDG) down 2%,DBA Sempra(NYSE:SRE) down 0.4%,Kenvue Inc.(NYSE:KVUE) up 5%,Rockwell Automation Inc. (NYSE:ROK) up 1%,Microchip Technology Inc.(NASDAQ:MCHP) down 1%,Williams Companies Inc.(NYSE:WMB) up 0.8%,Fidelity National Information Services(NYSE:FIS) andAxon Enterprise Inc.(NASDAQ:AXON) down 4%. • Companies reporting after the close includeArista Networks, Inc.(NYSE:ANET),Coupang, Inc.(NYSE:CPNG),Electronic Arts Inc.(NASDAQ:EA),GoPro, Inc.(NASDAQ:GPRO),iRobot Corporation(NASDAQ:IRBT),Luminar Technologies, Inc.(NASDAQ:LAZR),Match Group, Inc.(NASDAQ:MTCH),Occidental Petroleum Corporation(NYSE:OXY), Reddit,Rivian Automotive, Inc.(NASDAQ:RIVN),Twilio Inc.(NYSE:TWLO),Wynn Resorts, Limited(NASDAQ:WYNN),RingCentral, Inc.(NYSE:RNG) andLyft, Inc.(NASDAQ:LYFT). Read Now:Nvidia Is ‘De Facto AI Standard For The Foreseeable Future’: Goldman Sachs Analyst Revises Share Price Expectations Photo: Shutterstock "ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now! Get the latest stock analysis from Benzinga? • APPLE (AAPL): Free Stock Analysis Report • TESLA (TSLA): Free Stock Analysis Report This articleUS Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What's Driving Markets Tuesday?originally appeared onBenzinga.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - 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 turned lower and closed in the red on Thursday after the Dow briefly crossing 40,000 for the first time.\n• Markets are feeling optimistic after April inflation data was cooler than expected.\n• The S&P 500 failed to extend its gains after closing at a record high on Wednesday.\nStocks finished lower on Thursday, with indexes giving back gains from earlier in the day after the Dow Jones Industrial Average crossed 40,000 for the first time during the session.\nThe Dow failed to close above the key threshold, and the S&P 500 struggled to consolidate gains after hitting a record close on Wednesday. Markets were feeling upbeat after Wednesday\'s consumer price index data showed inflation rising at a slower pace in April, but some Federal Reserve speakers indicated on Thursday that there was still no rush to lower interest rates.\nRichmond Fed President Tom Barkin pointed to sticky services sector inflation, while earlier in the day New York Fed President John Williams told Reuters that he believes policy is "in a good place."\n"To get to 2% sustainably in the right kind of way, I just think it\'s going to take a little bit more time," Barkin told CNBC.\nBroadly, the Fed speakers on Thursday painted a picture of a central bank in no hurry to pivot as inflation remains above its 2% target. Rate cut bets were little changed on Thursday, with the market still seeing the strongest odds for the first cut in September.\nHere\'s where US indexes stood at the 4 p.m. closing bell on Thursday:\n• S&P 500:5,297.10, down 0.2%\n• Dow Jones Industrial Average:39,869.38, down 0.1% (39 points)\n• Nasdaq Composite:16,698.32, down 0.3%\nHere\'s what else is going on today:\n• Jamie Dimon says inflation is worsethan people think and a soft landing is a long shot.\n• The US isn\'t facing a stagflation threateven as growth slows, according to Bank of America.\n• Reddit users are questioning whether Keith Gillis the one post the memes that ignited the GameStop rally this week.\n• Investors shouldn\'t be clamoring for rate cutsthis summer, market vet Ed Yardeni says.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil rose 0.8% to $79.28 a barrel.Brent crude, the international benchmark, ticked higher 0.7% to $83.35 a barrel.\n• Golddipped 0.4% to $2,384 per ounce.\n• The 10-year Treasury yield rose two basis points to 4.383%.\n• Bitcoinwas down 1.2% to trade at $65,269.\nRead the original article onBusiness Insider', 'CF Benchmarks\' analysis of options onBitcoin (BTC)futures traded on the Chicago Mercantile Exchange (CME) reveals that investors are still willing to pay a premium for short-term downside protection, even in light of yesterday\'s softer U.S. Consumer Price Index (CPI) inflation report.\nAccording to CF Benchmark analysts, although Bitcoin experienced a breakout above $66,000 following the release of the inflation data, there is still a higher implied volatility for out-of-the-money (OTM) put options compared to calls. This indicates that derivatives traders are willing to pay elevated premiums for the OTM puts, suggesting a bearish short-term market sentiment. The increased implied volatility for OTM puts reflects traders\' hedging against a potential decline in bitcoin\'s value.\nWhile the short-term outlook appears bearish, the analysts note a "flatter" volatility curve for longer-dated puts and calls, with a slight skew towards calls. They suggest that this suggests investors hold a more optimistic view of Bitcoin\'s longer-term prospects. They further state that it will be interesting to observe if the skew towards calls increases should expectations of disinflation accelerate following the favorable CPI report.\nMeanwhile,accordingto reports from the Financial Times, the CME Group is reportedly considering the launch of Bitcoin spot trading alongside its existing futures products. The move aims to cater to traders who prefer dealing with cryptocurrencies on a regulated platform. The introduction of spot trading on CME would allow traders to profit from basis trades, exploiting the price difference between futures contracts and the underlying asset\'s spot price. However, the plan has not been finalized.', 'CF Benchmarks\' analysis of options onBitcoin (BTC)futures traded on the Chicago Mercantile Exchange (CME) reveals that investors are still willing to pay a premium for short-term downside protection, even in light of yesterday\'s softer U.S. Consumer Price Index (CPI) inflation report.\nAccording to CF Benchmark analysts, although Bitcoin experienced a breakout above $66,000 following the release of the inflation data, there is still a higher implied volatility for out-of-the-money (OTM) put options compared to calls. This indicates that derivatives traders are willing to pay elevated premiums for the OTM puts, suggesting a bearish short-term market sentiment. The increased implied volatility for OTM puts reflects traders\' hedging against a potential decline in bitcoin\'s value.\nWhile the short-term outlook appears bearish, the analysts note a "flatter" volatility curve for longer-dated puts and calls, with a slight skew towards calls. They suggest that this suggests investors hold a more optimistic view of Bitcoin\'s longer-term prospects. They further state that it will be interesting to observe if the skew towards calls increases should expectations of disinflation accelerate following the favorable CPI report.\nMeanwhile,accordingto reports from the Financial Times, the CME Group is reportedly considering the launch of Bitcoin spot trading alongside its existing futures products. The move aims to cater to traders who prefer dealing with cryptocurrencies on a regulated platform. The introduction of spot trading on CME would allow traders to profit from basis trades, exploiting the price difference between futures contracts and the underlying asset\'s spot price. However, the plan has not been finalized.', "More than 600 firms have unveiled substantial investments in spotBitcoinexchange-traded funds (ETFs) in their 13F filings submitted to the United States Securities and Exchange Commission (SEC) over the past week. According to the disclosed data, professional investment firms have declared ownership of Bitcoin ETFs amounting to a staggering $3.5 billion.\nMillennium Managementemergesas the largest investor in BTC ETFs, having allocated a whopping $1.9 billion. Their investments include $844.2 million in BlackRock's iShares Bitcoin Trust (IBIT), $806.7 million in Fidelity's Wise Origin Bitcoin Fund (FBTC), $202 million in the Grayscale Bitcoin Trust (GBTC), $45.0 million in the ARK 21Shares Bitcoin ETF (ARKB), and $44.7 million in the Bitwise Bitcoin ETF (BITB).\nFollowing closely is Schonfeld Strategic Advisors, a hedge fund managing $13 billion in assets, with a substantial investment of $248 million in BlackRock's ETF and an additional $231.8 million in Fidelity's fund, totaling $479 million.\nMorgan Stanley, one of the leading financial institutions, has disclosed a substantial investment of $269.9 million in GBTC, solidifying its position as one of the largest GBTC holders. Aristeia Capital, an alternative asset manager, has revealed a $163.4 million investment in IBIT.\nOther financial giants such as JPMorgan, Wells Fargo, UBS, BNP Paribas, and Royal Bank of Canada are also on the list of investors. While the recent weeks have witnessed a significant slowdown in inflows, spot Bitcoin ETFs experienced tremendous demand in the first three months following their launch in mid-January.", "More than 600 firms have unveiled substantial investments in spotBitcoinexchange-traded funds (ETFs) in their 13F filings submitted to the United States Securities and Exchange Commission (SEC) over the past week. According to the disclosed data, professional investment firms have declared ownership of Bitcoin ETFs amounting to a staggering $3.5 billion.\nMillennium Managementemergesas the largest investor in BTC ETFs, having allocated a whopping $1.9 billion. Their investments include $844.2 million in BlackRock's iShares Bitcoin Trust (IBIT), $806.7 million in Fidelity's Wise Origin Bitcoin Fund (FBTC), $202 million in the Grayscale Bitcoin Trust (GBTC), $45.0 million in the ARK 21Shares Bitcoin ETF (ARKB), and $44.7 million in the Bitwise Bitcoin ETF (BITB).\nFollowing closely is Schonfeld Strategic Advisors, a hedge fund managing $13 billion in assets, with a substantial investment of $248 million in BlackRock's ETF and an additional $231.8 million in Fidelity's fund, totaling $479 million.\nMorgan Stanley, one of the leading financial institutions, has disclosed a substantial investment of $269.9 million in GBTC, solidifying its position as one of the largest GBTC holders. Aristeia Capital, an alternative asset manager, has revealed a $163.4 million investment in IBIT.\nOther financial giants such as JPMorgan, Wells Fargo, UBS, BNP Paribas, and Royal Bank of Canada are also on the list of investors. While the recent weeks have witnessed a significant slowdown in inflows, spot Bitcoin ETFs experienced tremendous demand in the first three months following their launch in mid-January.", '• Coinbase said ether has the potential to surprise to the upside in the coming months.\n• The cryptocurrency unlikely to be displaced as the center of decentralized finance, the report said.\n• The market may be underestimating the timing and odds of a potential approval of a U.S. spot ether exchange-traded fund.\nEther {{ETH}} has underperformed the broader crypto market this year, but its long-term positioning remains strong and it has the potential to surprise to the upside, Coinbase (COIN) said in a research report on Wednesday.\nThe second-largest cryptocurrency by market value has risen 29% year-to-date, less than two-thirds the surge its larger rival bitcoin {{BTC}} which has gained 50%. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, has advanced 28%.\n"Ether may have the po **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: 2024-05-17 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,291,887,471,750 - Hash Rate: 640665709.1361867 - Transaction Count: 573492.0 - Unique Addresses: 514199.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.74 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Toronto, Ontario--(Newsfile Corp. - March 26, 2024) -Wellfield Technologies Inc.(TSXV: WFLD) (FSE: K8D) (the "Company" or "Wellfield"), is excited to announce significant developments launching key initiatives exclusively within the Optimism ecosystem, a leading Ethereum Layer 2 (L2) solution. These initiatives, which have been in active development for some time, include the imminent rollout of Wellfield's tokenized gold ecosystem, a strategic upgrade of the Tradewind Ledger, Coinmama's self-custody wallet, and Wellfield's decentralized finance (DeFi) protocols. Wellfield's strategic decision to invest in the Optimism Superchain ecosystem aims to lay the foundation for significant scale, leveraging shared network effects and a constantly improving development stack with industry-leading networks like Coinbase's Base and others. Levy Cohen, CEO of Wellfield, shared his enthusiasm for this strategic commitment, "We are at a pivotal moment in the evolution of DeFi, where rollups are emerging as the cornerstone of Ethereum's vision for a scalable, secure, and sustainable ecosystem. Wellfield's dedication to enabling our users to confidently own digital assets and engage with decentralized finance compels our adoption of Layer 2 solutions. We have chosen to commit our platforms to the Optimism ecosystem, drawn by the impressive pace of development of the OP Stack, our alignment with the Optimism Collective's Superchain vision, and our conviction in the Optimism ecosystem's technical ability to support our ambitious business goals while providing an exceptional user experience for our customers. We are confident that Optimism will stand the test of time and achieve its vision, aligning with our mission to build lasting products that make DeFi accessible for everyone." Tokenized Gold Ecosystem:Wellfield Technologies Inc. is set to launch wGLD, tokenized gold on Ethereum, distinct from the Tradewind Ledger and VaultChain™ Gold which is only accessible onchain by the Royal Canadian Mint's Custodial Participants. This initiative, aimed at creating a globally accessible, highly liquid suite of gold-based decentralized finance (DeFi) solutions, will live exclusively on the Optimism Superchain. Tradewind Ledger Upgrade:Wellfield Technologies Inc. is enhancing the Tradewind Ledger, a real-world-asset tokenization platform with our flagship VaultChain™ Gold. This upgrade sees the existing enterprise blockchain, which currently secures ~$130M of digitized precious metals, shift to a new L2 solution based on Optimism's OP Stack to support a suite of onchain trading and lending solutions. Coinmama's Self-Custody Wallet:Slated for release in summer 2024, the Coinmama Mobile App offers the perfect mix of simplicity and security, combining Fireblocks' non-custodial wallet-as-a-service with the Optimism Superchain. Supporting Bitcoin and with exclusive integration of the Optimism Superchain, Coinmama customers bypass complexities and high fees on the Ethereum Mainnet to instantly access user-friendly DeFi on Optimism. Innovative DeFi Protocols by Wellfield: Apart from our digital gold initiatives, Wellfield is set to launch two transformative crypto-centric DeFi protocols: a liquidity management protocol enhancing LP positions on Uniswap, and a protocol for leveraging Bitcoin's value in DeFi automatically and securely. Both will be natively deployed on the Optimism Superchain, with rollouts planned for the second half of the year. About Wellfield Technologies Wellfield Technologies, Inc. (TSXV: WFLD) is a leading fintech company specializing in innovative solutions that leverage blockchain technology for consumers and institutions. Our retail platform Coinmama provides seamless access to the cryptocurrency market for over 3.8 million registered users across 180 countries, including friendly self-custody solutions and disruptive DeFi services. Wellfield operates Tradewind Markets as a real-world-asset tokenization platform with our flagship VaultChain™ Gold and VaultChain™ Silver, backed by physical metal custodied with the Royal Canadian Mint. Expanding our offerings for institutional clients, we acquired Brane Trust and are working towards regulatory approval to operate as Canada's second qualified digital asset custodian. Join Wellfield's digital community onLinkedInandTwitter, and for more details, visitwellfield.io. For further information contact: Wellfield Technologies Inc.Levy Cohen, [email protected](832) 483-2575 Ryan Graybill, Investor [email protected] Cautionary Notice on Forward-Looking Statements This press release contains statements that constitute "forward-looking information" ("forward looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements in this news release include statements regarding: the tokenized gold ecosystem; Tradewind Ledger upgrades; the Coinmama Mobile App; Wellfield's DeFi protocols; successful commercialization on the Optimism and Ethereum blockchains; other future product launches; the Company's ability to monetize its technology and acquisitions; the anticipated strategic, operational and competitive benefits of recent business developments, which are based on the Company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: the ability of the Company to raise additional capital to fund future operations; compliance with extensive government regulations, domestic and foreign laws and regulations adversely affecting the Company and the decentralized finance industry generally, in Canada and abroad; and general business, economic, competitive, political and social uncertainties. Readers are cautioned that the foregoing list is not exhaustive and readers are encouraged to review the disclosure documents accessible on the Company's SEDAR+ profile atwww.sedarplus.ca. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/203114... - 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 Dietrich Knauth\nNEW YORK (Reuters) - Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy.\nU.S. Bankruptcy Judge Sean Lane approved Genesis’ Chapter 11 liquidation plan and overruled an objection raised by DCG, which had argued that Genesis should pay its customers and creditors no more than what the crypto assets were valued at in January 2023, when Genesis filed for bankruptcy.\nCrypto prices have risen sharply since Genesis filed for bankruptcy, and DCG and Genesis disagreed over who should benefit from the rise in prices. Bitcoin, for example, was worth $21,084 in January 2023, compared with its current price of $67,000.\nLane rejected DCG\'s objection, ruling that even if customer claims were capped at the lower prices, Genesis would have to pay many other creditors, including federal and state financial regulators that had asserted $32 billion in claims, before it was able to give money to its equity owner DCG.\n"There are nowhere near enough assets to provide any recovery to DCG in these cases," Lane wrote.\nGenesis is paying customers back in crypto where possible, but it does not have enough cryptocurrency to give back everything it owes.\nGenesis attorney Sean O\'Neal said Friday that the company disagreed with DCG\'s assertion that customers could be paid "in full" based on the lower cryptocurrency prices in January 2023.\n"We don\'t buy into the idea that claims are capped at the petition date value," O\'Neal said.\nGenesis estimated in February that it would be able to pay its customers up to 77% of the value of their claims, depending on future price fluctuations.\nDCG could not immediately be reached for comment late Friday.\n(Reporting by Dietrich Knauth; Editing by Sandra Maler and Leslie Adler)', '• US stocks traded mostly higher on Friday, with all 3 major indices sitting just below record highs.\n• A cool April CPI report buoyed hopes of Fed interest rate cuts later this year.\n• Investors will look to see if the gains can spill over into next week, which is set to be a busy one for AI developments.\nThe Dow Jones Industrial Average closed above 40,000 for the first time on Friday, closing out a strong week of gains fueled by upbeat inflation data midweek.\nThe index secured the closing milestone after briefly crossing it earlier in the week before sinking back down. Rate cut optimism fueled the gains for the week, withApril\'s consumer price index dataproviding the first positive news on the inflation front all year.\nThe S&P 500 rose about 1.5% for the week, buoyed by solid earnings results from consumer giant Walmart and anApril CPI report that showed cooling inflation.That CPI report boosted investor hopes that the Federal Reserve will cut interest rates later this year.\nInvestors will look to see if the stock market records can extend into next week, which is set to be a busy one for AI developments.\nMicrosoft will host multiple AI events, showcasing its newest hardware and software products, while Nvidia is set to report its first-quarter earnings results after the market close on Wednesday.\nFundstrat\'s Tom Lee said investors should keep buying stocks even with the recent record highs in stocks, as he expects more AI developments to push stock prices higher.\n"Overall, we expect these events/earnings to reinforce the improving visibility and capabilities of AI and the related spending. And as a consequence, will be an overall positive for Technology stocks and the broader market," Lee said in a note on Friday.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:5,303.30, up 0.12%\n• Dow Jones Industrial Average:40,004.35, up 0.34% (\n• Nasdaq composite:16,685.97 up 0.07%\nHere\'s what else happened today:\n• JPMorgan CEO Jamie Dimon warned that inflation is worse than people thinkand that the stock market is too optimistic about a soft landing.\n• BlackRock\'s global chief investment officer Rick Rieder said that in order to tame inflation further,the Fed might actually want to cut interest rates.\n• Billionaire investor Stanley Druckenmiller slashed his Nvidia stake by 72% last quarterand made a massive bet on small cap stocks.\n• The world\'s top golfer Scottie Scheffler was detained by police Friday morningoutside of the Louisville golf course that is hosting the PGA Championship.\n• A top OpenAI executive resigned from the company and warned aboutthe importance of preventing the development of dangerous AI technologies.\n• GameStop stock plunged on Friday after the company said it would sell up to 45 million sharesto raise cash and warned about a big drop in its first-quarter revenue.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil jumped 1.04% to $79.56 a barrel.Brent crude, the international benchmark, rose 0.84% to $83.97 a barrel.\n• Goldedged higher by 1.48% to $2,420.70 per ounce.\n• The 10-year Treasury yield rose 4 basis points to 4.42%.\n• Bitcoinjumped 2.60% to $66,945.\nRead the original article onBusiness Insider', "Nangeng Zhang; Chairman of the Board, Chief Executive Officer; Canaan Inc\nJames Cheng; Chief Financial Officer; Canaan Inc\nKevin Dede; Analyst; H.C. Wainwright\nShuang Sun; Analyst; Guosheng Securities\nOperator\nLadies and gentlemen, thank you for standing by, and welcome to Canaan Inc's first quarter of 2024 earnings conference call. (Operator Instructions) Please note that this event is being recorded.The company's financial and operating results released by the newswire services earlier today and are currently available online. The company has also prepared a presentation for today's call. You may view the presentation and navigate through the slides and the webcast page for the first quarter 2024 earnings call on the company's IR website.Joining us today, Canaan Inc's Chairman and CEO, Mr. Nangeng Zhang; and CFO, Jin Cheng James. In addition, Mr. Leo Wang, Head of Capital Markets; Ms. Xi Zhang, IR Manager, will also be available during the question-and-answer session. Mr. Zhang will start the call by providing an overview of the Company and performance highlights for the quarter. Mr. Cheng will then provide details on the Company's operating and financial results for the period, before we open the call up for your questions.Before we continue, I would like to refer you to our safe harbour statement in our earnings press released. Today's call will include forward-looking statements. These statements include but are not limited to our outlook for the Company and statements that estimate or project future results of operations or the performance of the Company.These statements speak only as of the date hereof and the Company assumes no obligation to revise any forward-looking statements that may be made in today's press release, call or webcast, except as required by law. These statements do not guarantee future performance and are subject to risks, uncertainties and assumptions.Please refer to the press release and the risk factors and documents we file with the Securities and Exchange Commission, including our most recent annual report on Form 20-F for information on risks, uncertainties and assumptions that may cause actual results to differ materially from those set forth in such statements.In addition, during today's call, and webcast, we will discuss both GAAP financial measures and certain non-GAAP financial measures, which we believe are useful as supplemental measures of the Company's performance. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from GAAP results. You can find additional disclosures regarding these non-GAAP measures, including reconciliations with comparable GAAP results in our earnings press release, which is posted on the company's website.And with that, I will turn the call over to our Chairman and CEO, Mr. Nangeng Zhang. Please go ahead, sir.\nNangeng Zhang\nHello, everyone. This is NG, CEO of Canaan. Thank you for joining our conference call. Our CFO, James and I are at the company's headquarters in Singapore to share our quarterly results with you. The first quarter of 2024 was the last quarter before Bitcoins fourth halving. During the Q4 of 2023 earnings call, I forecasted this to be a Super Wait-and-See Period. Based on the past experience in the last quarter before halving in Bitcoin systems, miners typically waits for the halving to actually occur and the market dynamics become stable before adjusting their investments and mining purchasing plans.They also tried to maintain the stable operation of the existing computing power to maximize the remaining value of their equipment. Therefore, transactions during this period are generally very flat. The only variable was a rapid fluctuation in bitcoin price during this quarter, reaching a historical high of USD33,000. We seized this opportunity to make maximum efforts in sales activities, selling a total computing power of 3.4 million tera hash per second, and achieving a total revenue of USD35 million, surpassing previous expectations.At the same time, participating our market recovery will continue to proactively prepare ROS expects in including the mass production of new products and R&D integration of next-generation products. Striving to improve mining operations and a complete power deployment, we maintain the close cooperation with our foundry partners on the supply side. Playing out compacity, the ones for the bull market, our efforts have yielded positive results.Now let me share with you one-by-one. In terms of research and development, we are delighted to announce that we officially launched our company's new generation of mining machine. So A15 series, as Bitcoin Asia 2024 in Hong Kong on May 9. So A15 series adopt more advanced designs and process node **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: 2024-05-18 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,322,368,984,569 - Hash Rate: 529065875.9318188 - Transaction Count: 401264.0 - Unique Addresses: 434371.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.73 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Known for his many business ventures, Mark Cuban has also been a long-term investor in crypto, specifically taking large positions inEthereum (ETH), Polygon (MATIC), andNFTs. These investments have signaled his openness and support for crypto. He recently shared his thoughts on the current state of cryptocurrency as it relates to regulation. Don't Miss: • If you invested $1000 in DOGE when Elon Musk first tweeted about it in 2019,here’s how much you’d have today. • 1 in 4 Americans own a share of Bitcoin according to NASDAQ,how much would $10 get you today? "If @joebiden loses, there is a good chance you will be able to thank @GaryGensler and the @NewYork_SEC. Crypto is a mainstay with younger and independent voters. Gensler HAS NOT PROTECTED A SINGLE INVESTOR AGAINST FRAUD. All he has done is make it nearly impossible for legitimate crypto companies to operate, killing who knows how many businesses and ruining who knows how many entrepreneurs," Cubanposted on X. Cuban is referring to the different ways in which he believes that the SEC chair, Gary Gensler, has prevented crypto adoption in the U.S. According to Cuban, Gensler is operating under the guise of preventing fraud and allowing Americans to access trustworthy investments but instead has created an environment where it is hard to create a crypto business that complies with the many SEC regulations. One comment noted that the SEC is simply attempting to take precautions against pump-and-dump and other fraudulent activities. Cuban responded, saying, "Now compare it to OTC and Pink Sheets in today's US market. Even with the relatively new regs, it's a cesspool. And remember our SEC lets billions and billions of shares in bankrupt companies trade all the time." Trending: Large boom in cryptocurrency and metaverse interest as BTC skyrockets —has Apple Vision Pro increased the demand for virtual real estate? Essentially, Cuban is noting that the SEC may have a double standard when it comes to some penny stocks and bankrupt companies, as it allows those to trade while crypto is subject to much more scrutiny. "This is also a warning to Congress. Crypto voters will be heard this election. You could solve this problem for Biden by passing legislation that defines registration that is specific to the crypto industry just as other industries have registration that is defined for them. Or you could do the better option and assign all crypto to be regulated by the @CFTC," Cuban also added. As the presidential election continues to heat up, cryptocurrency emerges as a dark-horse issue that could influence the votes of some in the crypto community. According to Cuban, the Biden administration, potentially through Gary Gensler, is failing to appeal to these voters, which could cost them the election. It is also noteworthy that Trump has recently expressed support for crypto at anNFT event, stating, "a lot of people are very much for it...and I’m fine with it. I want to make sure it’s good and solid...but I’m good with it. If you like crypto in any form, and it comes in a lot of different forms, you better vote for Trump." Will crypto be a deciding factor in the upcoming election? It may not be a huge issue for many Americans, but it could impact the votes of crypto enthusiasts. Read Next: • According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire,here’s why it can be true. • Bitcoin has jumped another 45% already this year –how much would you need to get started today? "ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro -Click here to start Your 14-Day Trial Now! Get the latest stock analysis from Benzinga? • APPLE (AAPL): Free Stock Analysis Report • TESLA (TSLA): Free Stock Analysis Report This articleBillionaire Shark Mark Cuban Warns The SEC's Anti-Crypto Stance Could Cost Biden The Electionoriginally appeared onBenzinga.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/Collector9999', 'For the people who wonder what is moving the price of silver right now', 32, '2024-05-18 00:37', 'https://www.reddit.com/r/Wallstreetsilver/comments/1cuid0d/for_the_people_who_wonder_what_is_moving_the/', "I guess a lot of new people want to know what is moving the price of silver right now. IMHO, I think there are several factors in play, but I think the most significant ones are those:\n\n1. The Chinese housing market crash \n\nDue to the crash, the demand for base metals is low, so the supply corrects. 70-80% of the silver is mined as a biproduct of other metals (iron, lead, zinc, copper, gold), and as base metals supply shrinks, this also squeezes the silver supply. \n\n2. The arbitrage trade\n\nThe price of silver at the Shanghai exchange is significantly higher. Due to the arbitrage opportunity, silver bought from the exchanges in USA and Europe is sold in Shanghai (easy money).\n\n3. Expectations of Fed rate cuts\n\nInflation finaly is slowing down, and the market is expecting rate cuts. This means the M2 money supply is probably going up again soon, and that's why not only silver, but gold and bitcoin also went up a lot recently.\n\nLet me know what is yoir opinion.", 'https://www.reddit.com/r/Wallstreetsilver/comments/1cuid0d/for_the_people_who_wonder_what_is_moving_the/', '1cuid0d', [['u/ajflo72', 33, '2024-05-18 01:22', 'https://www.reddit.com/r/Wallstreetsilver/comments/1cuid0d/for_the_people_who_wonder_what_is_moving_the/l4j06tx/', 'Inflation isnt slowing down. Thats another lie from Fed.', '1cuid0d'], ['u/Big_STONE3547', 18, '2024-05-18 04:10', 'https://www.reddit.com/r/Wallstreetsilver/comments/1cuid0d/for_the_people_who_wonder_what_is_moving_the/l4jmwqn/', 'China is going to brrr. They are feasting on metals before the yuan plummets.', '1cuid0d']]], ['u/nomadicandrew', 'What is a really popular thing that you know nothing about?', 164, '2024-05-18 01:31', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/', 'Bitcoin or cryptocurrencies for me, I completely missed the boat on that one and when I decided to read up on it the whole thing was beyond me.', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/', '1cuji79', [['u/Dimebag0352', 128, '2024-05-18 01:39', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j2ke7/', 'DoorDash, from what I understand, you basically pay more to have cold fast food delivered.', '1cuji79'], ['u/Fireball_Lore', 92, '2024-05-18 01:39', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j2l8k/', "I've tried watching summaries on KPop and it was one of the first times in my life I felt completely out of touch. \n\n Pretty people singing and dancing is a pretty easy to understand formula. But KPop feels vacuous to a degree I can't even understand it.", '1cuji79'], ['u/Helgafjell4Me', 30, '2024-05-18 01:40', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j2r7k/', "It's all a scam. It has no real value, it's just purely speculative BS fed by media hype and complex pseudo-technical bullshit. Some people have made a bunch of money off of it, but most have lost, some have lost everything. One of these days I believe it will all come crashing down, but for now it's still proving to be a lucrative pump and dump for people who time it right. Doesn't mean it's a good investment. It's risky AF. Many people can't even get their money out of it if they wanted to.", '1cuji79'], ['u/StubbornKindOfFellow', 169, '2024-05-18 01:41', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j2uvs/', 'Harry Potter. Never seen a single movie or read any of the book.', '1cuji79'], ['u/Inevitable-While-577', 31, '2024-05-18 01:42', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j30dw/', 'Spotify, Apple Music, and wherever else people get their music from. (I use an MP3 player!)', '1cuji79'], ['u/Rouge_and_Peasant', 143, '2024-05-18 01:42', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j30jt/', 'Video influencers. From Youtube to Tik Tok, I have never been able to name a single one of these people or recognize them. It is mind-boggling to me that some of them are the most famous people on the planet.', '1cuji79'], ['u/gnrlgumby', 96, '2024-05-18 01:43', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j38wc/', 'Oh like 99% of reality TV. Housewives, Vanderpump, below decks, bachelor…', '1cuji79'], ['u/bronzemat', 84, '2024-05-18 01:45', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j3f2y/', "Funko Pops. I truly don't get their appeal. They seem to be all cookie cutter looking, with very little changes, to each one. And, they're ugly too.", '1cuji79'], ['u/Eastern-Branch-3111', 74, '2024-05-18 01:48', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j3vpd/', 'Taylor Swift', '1cuji79'], ['u/Few-Way6556', 15, '2024-05-18 01:48', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j3wf1/', 'Sports. I generally understand the rules of the games and even could tell you a bunch of the names of professional teams, but I know nothing about who the current star players are, what teams are doing good, etcetera.\n\nI actually used to really enjoy baseball when I was a kid and I recently rediscovered my baseball card collection. Recently, I even bought a whole bunch of the cards from the 80’s that I always wanted (they’re pretty much worthless, by the way). But still, I have no interest in watching the game or following any modern players.', '1cuji79'], ['u/rearwindowpup', 12, '2024-05-18 01:50', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j43s0/', 'More is an understatement. I was going to try it once and it was gunna be like 30 bucks for some Taco Bell.', '1cuji79'], ['u/bronzemat', 17, '2024-05-18 01:51', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j4c1r/', 'Hopefully, a "Swifty" doesn\'t read this thread, or you\'ll be tarred and feathered.', '1cuji79'], ['u/jawnbaejaeger', 56, '2024-05-18 01:55', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j4vnb/', "Bridgerton\n\nEvery single thing I've heard about it just seems very, very straight romance with a side of queer-baiting, and no amount of attractive looking POC will get me to slog through that.", '1cuji79'], ['u/XFrankXGrimesX', 109, '2024-05-18 01:58', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j59xe/', "Video games. Sega Genesis was end of the line for me so yeah, I am really out of it.\n\nAnything to do with social media or influencers. I'd rather eat gravel.\n\nPodcasts. People have recommended to me podcasts with huge listenerships, top notch production values and it's two morons reading Wikipedia.", '1cuji79'], ['u/Guilty_Seesaw_1836', 29, '2024-05-18 01:58', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j5bxy/', 'Marvel movies', '1cuji79'], ['u/NachoNachoDan', 214, '2024-05-18 01:59', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j5dvp/', 'Marvel movies. No idea what’s going on with that', '1cuji79'], ['u/an_Aught', 18, '2024-05-18 02:12', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j77hn/', 'Never saw that dragon show', '1cuji79'], ['u/Vox_Mortem', 32, '2024-05-18 02:14', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j7ii6/', "The fees and markup are outrageous. I'll be like oh, let's have a lazy night and order in. And then I open the app, see the prices, and go put on some pants because I'm not going to pay 100% more to have some kid in a weed-infested 2010 Honda Civic leave it on my doorstep.", '1cuji79'], ['u/Kahnza', 13, '2024-05-18 02:21', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j8fvc/', 'I just Youtube for the rare occasion I want to listen to something', '1cuji79'], ['u/Kafkan_mindset', 68, '2024-05-18 02:26', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j94x8/', 'Blockchain. Literally couldn’t explain it if my life depended on it.', '1cuji79'], ['u/manicpixiepuke', 26, '2024-05-18 02:32', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4j9y51/', 'Pumpkin spice. I don’t get its appeal.', '1cuji79'], ['u/EastTXJosh', 10, '2024-05-18 02:35', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4jadrg/', 'Never seen Harry Potter or any of the Lord of the Rings.', '1cuji79'], ['u/ThxIHateItHere', 32, '2024-05-18 02:41', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4jb2s2/', 'Swifties and Disney Adults need serious help. \n\nI have one coworker who bankrupted her family due to going to DL/DW six times a year.', '1cuji79'], ['u/LOUCIFER_315', 18, '2024-05-18 02:43', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4jbcft/', 'Dragons and Titties', '1cuji79'], ['u/frizbeeguy1980', 14, '2024-05-18 02:43', 'https://www.reddit.com/r/Xennials/comments/1cuji79/what_is_a_really_popular_thing_that_you_know/l4jbdst/', "Beer. Couldn't tell you what an IPA is or a bitter is or whatever else there is out there. Give me a b... 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 average investor likes to turn to the professionals when it comes to finding potentially lucrative investment ideas. Given her standing as an expert in the area of disruptive and innovative businesses, it makes sense whyCathie Woodis closely watched.\nWood and her firm, Ark Invest, are incredibly bullish on a top cryptocurrency that they believe could skyrocket $3.8 million by 2030. This is a truly lofty target that would catch anyone's attention.\nBut does this mean the digital asset is a no-brainer buy?\nIn January of this year, Cathie Wood set a 2030 price target forBitcoin(CRYPTO: BTC)of $1.5 million. Based on this leading digital asset's price of $44,000 at the start of 2023, this would imply a whopping 34-fold gain over the next seven years. This outlook was provided right after the highly anticipated approval ofBitcoin spot exchange-traded funds (ETFs).\nMore recently, in March, Wood upped her price target, now saying that if institutions were to allocate 5% or more of their portfolios to Bitcoin, it could soar to $3.8 million per coin. At that level, the asset would carry a monster market cap of $75 trillion, making it about three times more valuable than U.S. GDP.\nAnd it implies that Bitcoin could rise almost 58-fold in the next seven years from its price on May 16, translating to an annualized gain of 79%. This would undoubtedly outperform probably every single asset out there.\nBesides the ETF approvals, Ark Invest points to therecent halvingas a key catalyst that can drive the price higher over the next 12 to 18 months, just as it has done in previous cycles. More clarity from regulators can also help drive institutional adoption.\nWood calls out how Bitcoin can help diversify one's portfolio. And it's hard to argue with Bitcoin's historical track record, rising 800% just in the past five years, of significantly raising one's purchasing power.\nCathie Wood and Ark Invest are known for making outlandish projections that make you scratch your head and wonder just how likely these outcomes are. I view the Bitcoin price target of $3.8 million in the same way. In my opinion, it could just be a marketing ploy to raise more assets for her firm's Bitcoin ETF product. This means investors should temper their expectations.\nBut to be clear, just because Bitcoin probably won't rise 79% per year between now and 2030 doesn't mean investors should completely discard it. I believe this crypto should still be on every investor's radar, particularly those who have a long time horizon. If you're someone who's close to or in retirement, then perhaps it's best to stay away.\nThis is an asset that investors should only buy if they plan to own it for the next five to 10 years, at least. It can take a long time for things to play out withblockchain technologyas well as regulatory developments. And the vast majority of capital out there isn't even anywhere close to wanting to own Bitcoin, as stocks, bonds, and real estate still reign supreme.\nInvestors must also be prepared, both financially and psychologically, for the extreme volatility that is sure to happen. Bitcoin has experienced multiple drawdowns in the past of greater than 50%. This just means you should only put as much money in that results in you not losing sleep at night when sizable price swings happen.\nHoping that Bitcoin reaches $3.8 million per coin seems like a pipe dream. Regardless, this top crypto could still work out as a very successful investment over time.\nBefore you buy stock in Bitcoin, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $566,624!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of May 13, 2024\nNeil Pateland his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has adisclosure policy.\n1 Top Cryptocurrency That Could Soar 5,700%, According to Cathie Wood. Is It a Buy?was originally published by The Motley Fool", 'In aiming to revolutionize cross-border payments by introducing a fast and secure blockchain-based alternative to cumbersome banking networks, Ripple\'sXRP(CRYPTO: XRP)has become one of the most popular cryptocurrencies on the market today.\nIt currently ranks in the top 10 most valuable cryptocurrencies and has demonstrated remarkable resilience. It continued to rise in price even as it faced regulatory challenges. With controversy in the rearview and the prospects of a crypto bull market looming, 2025 could shape up to be a great year for the cryptocurrency.\nThe saying "A rising tide lifts all boats" typically holds true in crypto, meaning that during bull markets, the prices of many cryptocurrencies tend to rise together. This phenomenon has been observed in the past, whenBitcoin, the most valuable cryptocurrency, surged and ended up pulling the value of other digital assets along with it.\nBut how high canXRPgo by 2025? The honest truth is that only time will tell. While several cryptocurrencies are trading near all-time highs as this crypto bull market has picked up steam, XRP remains well off its record peak of $3.\nPerhaps this will change as this bull market progresses into 2025, but for now it remains uncertain. Cryptocurrency prices are influenced by a multitude of factors, including market sentiment, regulatory developments, technological advancements, and macroeconomic trends. Any significant changes in these areas could affect the value of XRP in unpredictable ways.\nThe good news is that things look bright for XRP. It successfullyovercamea lawsuit from the Securities and Exchange Commission in July 2023 and recently unveiled plans to launch a new stablecoin. If it can keep up the achievements, then XRP may experience notable growth in 2025. However, predicting its exact value remains challenging.\nEven though XRP might be shaping up, investors should approach cryptocurrency investments with caution, conducting thorough research and diversifying their portfolios to mitigate risk. Ultimately, the future value of XRP will depend on a complex interplay of factors, making it impossible to make precise forecasts.\nBefore you buy stock in XRP, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and XRP wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $566,624!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of May 13, 2024\nRJ Fultonhas positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and XRP. The Motley Fool has adisclosure policy.\nWhat Will 1 XRP Be Worth in 2025?was originally published by The Motley Fool', 'A growing number of crypto investors now think thatBitcoin(CRYPTO: BTC)could hit a price of $1 million within the next few years. In addition to Cathie Wood of Ark Invest, who famously predicted a $1 million price in 2022, there\'s now Jack Dorsey, co-founder and former CEO of Twitter. In a recent interview, Dorsey suggested that Bitcoin is going to "at least a million" by 2030.\nWhat makes this forecast so interesting is that it\'s not coming from a Wall Street investment firm. Instead, it\'s coming from the perspective of a technologist with an intimate knowledge of howBitcoinworks, and not just how it trades. So if Jack Dorsey is bullish on Bitcoin, should you be too?\nThere are two classic ways that investors think about Bitcoin. The first approach is to think about Bitcoin as a commodity. From this perspective, Bitcoin is "digital gold" and a store of value, and should be hoarded much like physical gold. The second approach is to think about Bitcoin as a digital currency. From this perspective, Bitcoin functions primarily as a payment mechanism and means of exchange.\nBut there\'s a third way of thinking about Bitcoin -- as a technology. That\'s how Dorsey is thinking about Bitcoin. He sees it as a blockchain-based technology that is capable of disrupting the modern financial system. And he\'s focused first and foremost on Bitcoin\'s flourishing ecosystem, which includes everyone from Bitcoin miners to companies creating new Bitcoin payment technologies.\nAccording to Dorsey, every single person who touches Bitcoin in a significant way helps to make it better. He should know: Over the past few years, Dorsey has famously collaborated on a number of Bitcoin-related projects.Dorsey\'s latest project is Ocean, which is a new Bitcoin mining initiative.\nGiven the emphasis that Dorsey places on Bitcoin as a technology, perhaps it\'s only natural to ask: "Just how much is the Bitcoin technological ecosystem worth when it comes to valuing Bitcoin?"\nThat\'s a great question, but I\'m not sure if anyone has really answered it in a satisfactory way. Cathie Wood of Ark Invest has perhaps come closest, with her focus on the primary use cases of Bitcoin. For example, in Ark Invest\'s 2023 "Big Ideas" report, she highlighted various roles that Bitcoin can play, including as a remitt **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: 2024-05-19 **Financial & Commodity Data:** - Gold Closing Price: N/A - Crude Oil Closing Price: N/A **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $1,319,814,061,562 - Hash Rate: 636532381.9804695 - Transaction Count: 644119.0 - Unique Addresses: 405155.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.72 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • US stocks were mostly higher on Friday, with the Dow notching its eighth straight winning day. • The strong gains in May come ahead of a key CPI report, set to be released on Wednesday. • Fed speakers throughout the day struck a slightly hawkish tone. US stocks traded higher on Friday, securing an eight-day winning streak for the Dow Jones Industrial Average. The gains came despite hawkish comments from two Federal Reserve officials on Friday. Fed Governor Michelle Bowman said she doesn't expect any interest rate cuts this year, while Fed President Lorie Logan said its still too early to be thinking about interest rate cuts based on the latest inflation data. Yet, stocks pressed higher anyway, buoyed by a solid first-quarter earnings season. Of the 92% of S&P 500 companies that have so far reported results, 81% beat profit estimates by a median of 8%, while 60% beat revenue estimates by a median of 5%, according to data from Fundstrat. Investors will now turn their attention to the upcoming release of the April consumer price index report on Wednesday. The report will offer insights into when the Fed might move forward with interest rate cuts. Fundstrat's Tom Lee expects a lower-than-expected inflation report, which shouldsend dovish signals to the Fed and push stocks higher for the rest of May. "This April CPI will highlight the possibility that auto insurance's disproportionate impact on CPI is ebbing," Lee said in a note on Friday. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday: • S&P 500:5,222.66, up 0.16% • Dow Jones Industrial Average:39,512.84, up 0.32% (+125.08 points) • Nasdaq composite:16,340.87, down 0.03% Here's what else happened today: • Rising home prices are not being caused by Wall Street's foray into the single-family home rental market,according to an economist. • "Seriously underwater" mortgages are on the rise throughout the US,with Southern states seeing the biggest jump. • Stanley Druckenmiller said copper prices will surge over the next six years on growing demand from EVs and missiles. • Apple has pulled its new iPad Pro ad that it says "missed the mark" in a rare apology. • US home prices have soared 47% so far this decade,outpacing all of the growth seen in the 1990s and 2010s. In commodities, bonds, and crypto: • West Texas Intermediatecrude oil declined 1.10% to $78.39 a barrel.Brent crude, the international benchmark, dropped 1.13% to $82.93 a barrel. • Goldedged higher by 1.25% to $2,369.60 per ounce. • The 10-year Treasury yield rose 4 basis points to 4.50%. • Bitcoindeclined 3.83% to $60,662. Read the original article onBusiness 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.