Your FS Club Bulletin For:

25 April 2024

(FS.5.09) Cryptocurrency Market

Your News Roundup:
Global electricity demand from data centers, cryptocurrencies, and artificial intelligence is projected to nearly double by 2026, reaching between 620 and 1,050 terawatt-hours, with a base case of just over 800 TWh, up from 460 TWh in 2022. - "19 April 2024: Frencken Group Ltd. (FRKN SP), Haier Smart Home Co. Ltd. (6690 HK), Netflix Inc (NFLX US)", KGI Research Singapore, 19 April 2024.
With the potential for significant growth, the best new cryptocurrencies of 2024 hold the promise of reshaping industries, empowering users, and unlocking new possibilities in the digital asset space. - "9 New Cryptos to Invest in 2024 For Explosive Growth", Coinpedia Blockchain Fintech News, 18 April 2024.
With Bitcoin's current market capitalization standing at $1 trillion, Timmer's projection implies a substantial growth potential for the leading cryptocurrency. - "Fidelity's Director Predicts Bitcoin Market Cap May Reach $6T", MDD Group FZE LLC, 15 April 2024.
Governments around the world could crack down on cryptocurrencies, imposing strict regulations that limit their use and adoption. - "Bitcoin's Future: From Skyrocketing Prices to Global Chaos - What Lies Ahead?", US Newsper, 2 April 2024.
In the upcoming weeks, the price of ICP will continue to be notably impacted by the general situation in the cryptocurrency market, as well as concerns about a potential economic downturn, increasing global tensions, and the proactive monetary strategies of leading central banks. - "Internet Computer (ICP) Price Estimate March 2024", CryptoLists.com, 26 March 2024.
With Crypto prices prominent in the news last year thanks to new ATHs, we can expect governments around the world to be well on the way to implementing cryptocurrency regulations. - "Ethereum Price Prediction 2024 - 2030", cryptonews, 25 March 2024.
2028 will be the year of the 5th Bitcoin Halving event, and with cryptocurrencies now mainstream and, with investors knowledgeable of the Bitcoin Halving cycle and the expected increase in cryptocurrency prices. - "Ethereum Price Prediction 2024 - 2030", cryptonews, 25 March 2024.
The world of cryptocurrencies is moving fast, and by 2030, the regulation and adoption of cryptocurrencies will be much greater than they are now - we can even expect many merchants to be accepting crypto payments. - "Dogecoin Price Prediction 2024 - 2030", cryptonews, 25 March 2024.
The upcoming decision by the SEC will play a crucial role in shaping the future of cryptocurrency ETFs and their role in mainstream investment strategies. - "Fidelity Amends Spot Ethereum ETF to Include Staking", Bitcoinsensus, 24 March 2024.
While Bitcoin is the largest cryptocurrency in the world, many investors are interested in new alternatives that could potentially offer high growth potential. - "Bitcoin Price Prediction 2024 - 2030", cryptonews, 22 March 2024.
Institutional access to and investment in Bitcoin and the cryptocurrency market is expected to continue growing in 2026, as crypto regulations take shape and increase both investor confidence and investor access to digital assets. - "Bitcoin Price Prediction 2024 - 2030", cryptonews, 22 March 2024.
The news of the SEC's investigation has raised concerns about the potential for stricter regulations in the cryptocurrency market. - "Ether's Price Plunge: SEC Investigates Cryptocurrency Exchanges for Manipulation", US Newsper, 21 March 2024.
Cryptocurrency Exchanges: Cryptocurrency exchanges remain central to the crypto economy, providing liquidity, trading services, and investment opportunities for users worldwide. - "Crypto's New World Order: Who's Rising to the Top in 2024?", Deccan Chronicle, 19 March 2024.
Recognizing the risks associated with cryptocurrency, regulatory bodies worldwide have been implementing new regulations to combat money laundering and terrorist financing activities within the crypto industry. - "Navigating The Regulatory Landscape: AML Technology Trends Demystified", Financial Crime Academy, 18 March 2024.
Despite the potential risk of hacking, Coinbase's security protocols offer users a sense of security that is critical in the unpredictable world of cryptocurrencies. - "Navigating the Cryptocurrency Exchanges: A Comprehensive Guide", FinExtra, 10 March 2024.
As the cryptocurrency market continues to evolve, compliance with the Travel Rule will be a key factor in its sustainable growth and integration into the global financial system. - "Understanding the Travel Rule and Its Significance in Global Finance", Spend crypto like fiat, 28 February 2024.
If the U.S. Securities and Exchange Commission (SEC) approves Bitcoin ETFs, it could lead to increased liquidity and trading opportunities in the cryptocurrency market. - "7 Effective Cryptocurrency Trading Strategies for 2024: Including Risk Management", Cryptsy, 27 February 2024.
The cryptocurrency mining industry had the potential to disrupt the U.S. electricity supply, and absent the survey, public harm is reasonably likely if normal clearance procedures are followed. - "Court temporarily blocks Energy Department from collecting data on crypto miners' energy use", Just The News, 27 February 2024.
A recent report by the International Energy Agency offered similar estimates, suggesting that electricity usage by data centers will increase significantly in the near future thanks to the demands of AI and cryptocurrency. - "How much electricity do AI generators consume?", The Verge, 26 February 2024.
Corporate interest, spurred by the approval of BTC spot ETFs, could potentially influence the prices of Bitcoin and other cryptocurrencies during Super Bowl 2024. - "Super Bowl 2024 Bitcoin Rally: Historical Data Predicts Price Fluctuations", EconoTimes, 21 February 2024.
The integration of cryptocurrency in sectors like the CBD industry exemplifies the broad potential of digital currencies to revolutionize traditional markets, making them an indispensable part of the financial landscape in 2024 and beyond. - "Why Cryptocurrency is Trending in 2024?", Altcoin Investor, 20 February 2024.
As the world hurtles further into an era defined by digital innovation, few industries remain untouched by the transformative potential of cryptocurrency and blockchain technology. - "Cryptocurrency and Blockchain Technology: Transforming the Future of Slot Gaming", The News Pocket, 18 February 2024.
Advanced Micro Devices (AMD) offers high-performance processor technologies used in the mining of Bitcoin and other cryptocurrencies, with 20% growth in 2024 and an expected revenue growth rate of 30.9% in 2024. - "5 Crypto Stocks Going Up with Bitcoin", CryptoDnes.bg, 18 February 2024.

This email is created by extracting forecasts from news, social media and the web using AI developed by ForeKnowledge and text analytics from Intellexer. The bolding of words is done automatically based on an analyses of frequency occurrence and meanings whereby keywords which appear frequently and have broad meanings are highlighted.