Bloomberg analyst says altcoin ETFs will ignite a ‘wild’ crypto market in 2025Eric Balchunas believes that over 40 altcoin-related ETF listings can happen by the end of January.
Happy Thursday!In today's CryptoSlate newsletter, we delve into the transformative developments shaping the crypto landscape, including Bloomberg analyst Eric Balchunas's prediction that over 40 altcoin ETFs could be approved by January, potentially igniting a "wild" market in 2025. Meanwhile, Vancouver Mayor Ken Sim is advocating for Bitcoin as a strategic hedge against inflation to bolster the city's financial reserves. Adding to the momentum, SOS Limited's stock surged 100% after its board approved a $50 million investment in Bitcoin, reflecting increasing corporate confidence in cryptocurrency as a viable reserve asset. Stay tuned for more insights on these exciting trends! LATEST SLATECAST 🎙️ Exploring decentralized AI and artistic innovation with Dimitri de Jong of 204.ai 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.29 trillion, with a 24-hour volume of $182.78 billion. The price of Bitcoin is $95,202.04, and BTC market dominance is 57.2%. The price of Ethereum is $3,550.77, and ETH market dominance is 13.0%. The best-performing sector is Identity, which gained 10%. The Crypto Fear & Greed Index is currently Greed (77). 📰 Top News
Bloomberg analyst says altcoin ETFs will ignite a ‘wild’ crypto market in 2025Eric Balchunas believes that over 40 altcoin-related ETF listings can happen by the end of January. Vancouver mayor eyes Bitcoin to bolster city reserves against economic shocksVancouver Mayor Ken Sim believes Bitcoin could hedge against inflation and strengthen financial reserves. Chinese data miner SOS’ stock surges 100% after board approves $50 million Bitcoin investmentSOS Limited's $50 million Bitcoin investment reflects growing corporate faith in the flagship crypto's ability to serve as a reserve asset.
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