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- Poll Says BTC to Drop Below $20K by Year End!
Poll Says BTC to Drop Below $20K by Year End!
About one-third of Deutsche Bank survey respondents expect Bitcoin to drop below $20,000 by year-end.
Danielle du Toit
April 10, 2024
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Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank
Ether ETFs Will ‘Probably be Rejected’ in May - vanEck CEO
Bitcoin Halving Less Influential on Price Says CryptoQuant Analysis
Telegram Refutes CertiK’s Auto-Download Security Risk Claim
A survey by Deutsche Bank reveals mixed feelings about Bitcoin's future.
About one-third of Deutsche Bank survey respondents expect Bitcoin to drop below $20,000 by year-end.
Only 10% of the surveyed 3,600+ people believe Bitcoin could climb above $75,000 by the end of December.
40% are still optimistic about Bitcoin's future, however, 38% foresee its total loss in value and relevance, predicting its disappearance from the market.
Jan van Eck informed CNBC that the SEC's silence on the lineup of Ether ETFs awaiting approval is not a positive sign.
Jan van Eck expressed doubts in a CNBC interview about the SEC approving spot Ether ETFs in May, and stated that his firm's application for an Ethereum ETF will very likely be rejected.
CoinShares CEO Jean-Marie Mognetti also shared a bleak outlook with CNBC, not expecting any approvals for ETH ETFs within the current year.
Van Eck’s comments come after prolonged inaction from the U.S. SEC regarding a roster of seven pending applications for spot Ether ETFs.
As always, the excitement around the approaching Bitcoin halving event has sparked widespread speculation about its possible influence on the cryptocurrency's value.
CryptoQuant's analysis suggests the upcoming Bitcoin halving on April 20 might not have the major price impact investors have historically anticipated, with the effect of these events diminishing over time.
The diminishing influence is attributed to the reduced importance of new Bitcoin issuance compared to the volume sold by long-term holders.
The report revealed a major shift in market dynamics, pointing out that demand from large-scale investors, known as whales, is increasingly becoming a key driver of Bitcoin's price.
Blockchain security firm CertiK has warned that the auto-download feature for media in Telegram's desktop app presents security risks for users.
CertiK advised people to disable auto-download in Telegram's desktop app to prevent attacks, but did not reveal how it came to its conclusion in the first place.
Telegram countered CertiK's claim, stating there's no compromise risk to its 800 million users from auto-downloads, as there have been no reports of related crypto wallet hacks.
Despite Telegram's rebuttal, CertiK holds firm that users should disable auto-downloads for enhanced safety on the platform.
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