Crypto is crashing but it's all going to be OK, OK? The halvening, but probably ultimately even better for bitcoin. Jemima Kelly. Add to myFT. The price of bitcoin and a number of other notable digital assets dropped heavily at the start of December. In early cryptocurrencies fell again: Bitcoin's. Bitcoin And Crypto Price Crash Triggers Serious Coinbase Warning bitcoin will likely be one of the long-term beneficiaries of this shift. GENTLEMEN OF CRYPTO
Still, not everyone is convinced the crypto party will end in A big development crypto investors are on the lookout for in is approval of the first spot bitcoin exchange-traded fund in the United States. Although the Securities and Exchange Commission greenlighted the launch of ProShares' Bitcoin Strategy ETF this year, the product tracks bitcoin futures contracts rather than giving investors direct exposure to the cryptocurrency itself.
Futures are financial derivatives that oblige an investor to buy or sell an asset at a later date and for an agreed-upon price. By tracking futures prices instead of bitcoin itself, experts say, ProShares' ETF could be too risky for novice traders, many of whom are invested in crypto. Grayscale Investments has filed to convert its bitcoin trust , which is the world's biggest bitcoin fund, into a spot ETF.
And there are plenty of other bitcoin ETF applications waiting in the wings. As the crypto industry has evolved, bitcoin's share of the market has waned, with other digital currencies like ethereum playing a much larger role.
This is something analysts expect to continue into next year, as investors increasingly look to smaller pockets of crypto in the hope of big gains. Sussex University's Alexander flagged ethereum, solana , polkadot and cardano as coins to watch in Emerging crypto developments such as decentralized finance and decentralized autonomous organizations are "likely to be the highest growth areas of crypto," said Bryan Gross, network steward at crypto platform ICHI.
DeFi aims to recreate traditional financial products without middlemen, while DAOs can be thought of as a new type of internet community. DeFi is part of a broader trend in tech known as Web3. The Web3 movement calls for a new, decentralized iteration of the internet encompassing blockchain and cryptocurrency technologies such as nonfungible tokens. It has already found skeptics in the likes of Elon Musk and Jack Dorsey , however. Regulators flexed their muscles on cryptocurrencies this year, with China completely banning all crypto-related activities and U.
Analysts widely expect regulation to be a key issue in for the sector. Ayyar said he expects to see some clarification on the legal "gray zone" of cryptocurrencies other than bitcoin and ethereum, which the SEC has said are not securities. Blockchain company Ripple is locking horns with the U. For its part, Ripple says XRP should not be considered a security.
Experts say another key area regulators will likely focus on next year is stablecoins. These are tokens whose value is tied to the price of existing assets like the U. Tether, the world's biggest stablecoin, is particularly controversial as there are concerns about whether it holds enough assets in its reserves to justify its peg to the dollar. Meanwhile, regulators have also begun scrutinizing the DeFi space.
Cryptocurrency By Crypto Influencers. Crypto Podcast. Crypto Meet. Crypto TV. Expert Speak. Stocks Dons of Dalal Street. Live Blog. Stock Reports Plus. Candlestick Screener. Stock Screener. Market Classroom. Stock Watch. Market Calendar. Stock Price Quotes. Markets Data. Market Moguls. Expert Views. Technicals Technical Chart.
Commodities Views News. Forex Forex News. Currency Converter. Presented By. Pawan Nahar. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Agencies On a weekly basis, Bitcoin and Ethereum have lost per cent, whereas other major altcoins including Dogecoins, Solana, Avalanche, Polygon has eroded per cent of their value. New Delhi: The cryptocurrency market has been facing selling pressure, with major crypto coins losing about 25 per cent of their value in just about four days.
Most of the tokens have posted double-digit cuts in the last seven sessions. The latest bout of selling ensued after Russia's central bank called for a crackdown on cryptos.
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