More than 12 new digital asset ETFs could be launched in the U.S. this year, if approved by the SEC, the report said.
Under the new regulations only compliant stablecoins can be used as trading pairs in regulated markets, the report said.
Mining profitability increased last month as the rally in bitcoin outpaced the increase in the network hashrate, the report said.
Rising inflation, currency debasement and growing fiscal deficits will push countries to make strategic bitcoin allocations, the report said.
The network hashrate rose 54% in 2024, slower than 2023's 103% gain, the report said.
Ether could more than double in price next year and reach at least $8,000, the report said.
November was a strong month for the miners as the rally in bitcoin outpaced the rise in the network hashrate, the report said.
The worst regulatory environment for crypto markets is behind us, the report said.
Leading marketplaces such as OpenSea, Blur and Magic Eden have seen increased activity since November, the report said.
The hashprice, a measure of daily mining profitability, rose 5% from the end of November, the report said.
The strategic shift to a bitcoin accumulation model is due to pressure on profitability following the reward halving, the report said.
Total crypto market cap jumped 45% in November, in the best monthly return to-date, the report said.
The nomination of crypto-friendly Paul Atkins as chair of the SEC provided the final boost that propelled bitcoin through the $100,000 level, the report said.
Leveraged MicroStrategy ETFs attracted $3.4 billion of inflows in November, the report said.
The bitcoin bull market is not over, Galaxy Research said.Galaxy said the world's largest cryptocurrency is expected to retest the $100K level in the near term.The report said increasing institutional adoption and the potential for the creation of bitcoin nation-state reserves mean the crypto should continue its ascent higher.
Crypto market analysts remain confident that Bitcoin will hit six figures before the end of the year despite the recent 7% correction.
Bernstein raised its MicroStrategy price target to $600 from $290.Broker Canaccord also increased its price target for the software company, to $510 from $300.The shares rose over 6% in early trading Monday.
The broker raised its price target on the trading platform's stock to $51 from $30.
The total market cap of the miners the bank tracks grew 33% since the end October, the report said.
A Republican sweep is the best result for the digital assets sector and could bring positive regulatory change, the report said.
Under such a proposal, bitcoin would be established as a strategic reserve asset and the government could buy up to 5% of the cryptocurrency's total supply, the report said.
Stablecoin and crypto-market structure bills may now see faster progress, the report said.
The company needs financing conditions to remain agreeable, and there needs to be continued investor demand for the firm's convertible debt, the report said.
The network's monthly average hashrate surged to a record high, the report said.
The broker raised its price target for the software company to $300 from $173 while maintaining its buy rating.
The company missed consensus revenue expectations, analysts said.
The U.S. presidential election is an important short-term catalyst for Coinbase and the wider industry, and could lead to more regulatory clarity, analysts said.
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The launch of options on spot bitcoin exchange-traded funds will reduce the incentives to hold MicroStrategy stock over BTC ETFs, the report said.
These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.