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Are you ready for a Bitcoin rally?

Are you ready for a Bitcoin rally?
Crypto is heating up with signs that a new Bitcoin rally may be coming. Credit: Rita Fortunato/DL News.
  • The crypto industry shows signs of heating up.
  • Investors are making bullish bets and analysts expect more traditional finance players to muscle into the sector.
  • This, Binance's mega-fine, what Javier Milei's win will mean for crypto, and much more in this week’s Roundup.

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Happy Friday.

Eric here with this week’s Roundup.

At the risk of sounding like a broken record, crypto shows more signs of heating up.

Investors may be positioning themselves for another Bitcoin rally, with data showing that of the $4 billion worth of Bitcoin options set to expire today, more than $2.2 billion are calls — bullish bets that the price will surge.

Large US investors have turned positive on crypto again. Over half of 150-plus investors surveyed by Coinbase said they expect prices to surge in 2024.

Even Binance agreeing to pay US authorities a massive $4.3 billion penalty for breaking sanctions and anti-money laundering laws has been welcomed as a positive.

A JPMorgan analyst told DL News they expect the settlement to accelerate the traditional finance land-grab that has already seen the likes of BlackRock and Fidelity muscle into the sector.

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Eric

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