Coinbase and BlackRock Collaborate: A New Era for Crypto Investments

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Crypto Report
March 21, 2024

DAILY MARKET OVERVIEW
Is Bitcoin the ETFs Done?

Welcome fellow Crypto Enthusiast, a lot is happening in the crypto world so let’s get started!

The Bitcoin ETFs have just experienced three consecutive days of net outflows, totaling a whopping $742 million.

Grayscale seems to be leading the charge with most of the outflows coming from their side. But here's the plot twist – despite these outflows, the Bitcoin price has risen from around $62,000 all the way up to $67,000!

Talk about resilience!

Banks Like Bitcoin Now? 🏦

Imagine this – the prestigious Standard Chartered bank is predicting that Bitcoin will reach a mind-blowing $150,000 by the end of 2024 and even set a new record high of $250,000 in 2025!

They're basing their logic on the impact of gold ETFs, and if their estimates are correct, we might see a flood of $75 billion in ETF inflows for Bitcoin. Not to be left out, our beloved Ethereum might also hit $8,000 by the end of 2024, according to Standard Chartered.

Who would've thought banks would be this bullish on crypto?

So should we be bearish on Crypto?

Crypto took a little nap, but we think it'll wake up feeling bull-ish again real soon!

TWITTER SENTIMENT
Coinbase & BlackRock

Whoa, did you hear the news? Coinbase just landed a massive partnership with none other than BlackRock, the investment giant! Talk about a power move! This is huge, folks, like a colossal wave crashing onto the crypto shores.

If you weren't already riding the Coinbase and Base wave, now's the time to grab your surfboard and catch that wave. This collaboration is set to be a game-changer throughout the crypto-verse.

But wait, there's more! Word on the Crypto street is that this epic merger could mean a potential Base coin airdrop for all you Base ecosystem enthusiasts out there.

Can you imagine? Is free crypto raining down from the digital heavens? It's like a crypto piñata party, and you're invited!

So, buckle up as Coinbase and Base lead the charge, you won't want to miss out on the fun.

Bitcoin Analysis By CredibleCrypto

The last time we checked CredibleCrypto's analysis, it was right on target. Let's see what he predicts for the market now.

According to his analysis, we're currently in the red zone, meaning Bitcoin needs to go higher to continue its upward trend.

However, if Bitcoin does break below this red zone, we'll likely see a drop to around $59k, which could be the bottom before it continues rising.

YOUTUBE INFLUENCER SUMMARY
Ivan On Tech - BITCOIN SHOCKING THE BEARS AGAIN!!! (80k push next).. (21.03.2024 Summary)

Ivan is back with another exciting episode! He's pumped because Bitcoin is pumping again, shocking the bears who tried to spread fear, uncertainty, and doubt. Ivan's been telling everyone to stay calm and buy the dips, which is exactly what's happening now.

  • He's congratulating himself and his community for making the right calls and clicking the green "buy" button during the bull market.

  • Ivan then dives into addressing the fake Ethereum FUD that was spreading, reassuring everyone that an Ethereum ETF is likely coming soon. He even jokes about swapping the anti-crypto Gary Gensler with his pro-crypto twin brother to approve the ETF!

When it comes to altcoins, Ivan highlights several projects his community is bullish on:

  • Pixels - One of the only web3 games with millions of real users. Ivan sees the current 75 cent price as still cheap.

  • Chain GPT - A fast rising AI/blockchain project now around $0.44 thanks to great partners like Sidus gaming launchpad.

  • Orange and Velar - Promising Bitcoin ecosystem projects building wallets, bridges, liquidity solutions etc.

  • Cosmos ecosystem coins - Ivan sees the Cosmos space as massively undervalued with new projects like Nibiru

Ivan is confident the bull run will continue, with Bitcoin potentially hitting $80k next after taking out the $70k resistance. Ivan rallies his community to keep buying and "clicking that green button" during this bull cycle.

Coin Bureau - What NOW For ETH?! Post Dencun Impact on Ethereum & L2s! (21.03.2024 Summary)

It's the dawn of a new era for Ethereum, the second-largest cryptocurrency! Last week, the highly-anticipated Dencun upgrade went live, and it's a game-changer for Ethereum and its Layer 2 ecosystem.

  • Dencun is like a superhero suit for Ethereum, giving it the power to become truly scalable and handle more transactions than ever before. But wait, there's more! This upgrade also benefits Layer 2 projects, which are like sidekicks to Ethereum, helping it process transactions faster and cheaper.

  • After Dencun, some Layer 2 projects saw their transaction fees drop by a whopping 99%! That's like getting a fancy meal for the price of a candy bar. And transaction speeds? They've doubled or even tripled in some cases, making them speedier than a cheetah on a racetrack.

  • But not everyone is convinced that Dencun is all rainbows and unicorns. Some skeptics are worried about fragmentation and security issues like Ethereum relying too much on Layer 2s and using "training wheels" to keep things running smoothly.

  • Despite these concerns, the future looks bright for Ethereum and its Layer 2 squad. With the upcoming Dank Sharding upgrade (yes, they have funny names), Ethereum aims to process a mind-boggling 100,000 transactions per second! That's like having a million cashiers at your local supermarket.

As Ethereum becomes faster, cheaper, and more powerful, it could attract even more users and investors, making it the ultimate crypto superhero.

So, get ready for an exciting adventure as Ethereum and its Layer 2 sidekicks continue their quest for scalability and crypto domination!

CRYPTO MEMES
“Chair of SEC Labeling Crypto As Securities ”

“Meme Coin Traders Be Like”

The information provided in this newsletter is for general informational and educational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Please consult a qualified financial advisor for personalized advice that considers your individual financial situation and goals.