FameEX Morning Crypto News Recap | April 12, 2024

'Rich Dad Poor Dad' Author Robert Kiyosaki Predicts Bitcoin Price to Hit $2.3 Million

Robert Kiyosaki, author of "Rich Dad Poor Dad," believes bitcoin could soar to $2.3 million, aligning with Ark Invest CEO Cathie Wood's prediction. He also foresees imminent crashes in the stock, bond, and real estate markets, with the U.S. potentially facing bankruptcy.

NFT Sales Surge 37% in 7 Days, Led by Bitcoin-Based Collections

In the week ending April 11, sales volumes of non-fungible tokens (NFTs) soared by over 37% to $277 million. Bitcoin-based NFTs dominated, representing six of the top ten collections by sales volume. Experts link this resurgence in NFT interest to the integration of real-world assets and the utility embedded within these digital assets.

Bitcoin Difficulty and Hashrate Hit All-Time Highs as Halving Approaches

On April 10, 2024, Bitcoin's network difficulty reached a record high at block 838,656, surging 3.92% to 86.39 trillion. This increase signifies a tougher mining environment as the fourth halving event approaches, with less than 1,250 blocks left until the milestone at block 840,000. This marks a critical juncture in Bitcoin's mining dynamics.

Bitcoin Derivatives Indicators Point to $70K Price Level Holding Steady

Since March 25, Bitcoin has had difficulty sustaining a value above $71,000, hinting at possible bearish momentum. However, analysis from the BTC derivatives market indicates a stabilization, with the previous extreme optimism now significantly reduced, suggesting a more balanced market sentiment.

BlackRock May Pave the Way for US-Regulated Stablecoins

Crypto investor Ryan Sean Adams has noted that BlackRock's recent implementation of USD Coin off-ramps for its tokenized fund marks a further blending of traditional finance with stablecoin providers. Adams stated on X, "Stablecoins will happen in the U.S. because BlackRock and the banks want them to happen," highlighting the clear intentions behind the integration.

Dubai's Crypto Regulator Seeks to Lighten Regulations for Small Entities

At Paris Blockchain Week, Matthew White, CEO of Dubai's VARA, unveiled a new regulatory approach designed to support small firms and foster innovation in the crypto sector. White's plans aim to reduce the compliance costs that often burden small crypto entities, marking a significant shift in regulatory strategy to encourage industry growth.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.