Fintech firm LMAX launches BTC, ETH perps for institutional traders

Banco Santander, Spain's largest bank, has made a significant move by entering the crypto trading space, allowing users of its digital platform Openbank to trade popular tokens like Bitcoin and Ethereum. This development is crucial as it signals a growing acceptance of cryptocurrencies in mainstream finance, potentially paving the way for more innovative projects like Snorter Token to thrive in this evolving market.

Experts are optimistic about Bitcoin's future, with predictions suggesting it could reach $1 million by 2030. This optimism is fueled by Bitcoin's impressive return of 188 million percent since 2010 and the increasing acceptance of digital assets by governments worldwide. However, the key question remains whether the Bitcoin blockchain can support its rising popularity. As the cryptocurrency landscape evolves, Bitcoin Hyper's Layer 2 solution may play a crucial role in facilitating this growth, making it an exciting time for investors and enthusiasts alike.

Ethereum is showing strong signs of growth, currently trading above $4,500, with analysts predicting a potential rise to $6,000. This bullish outlook is supported by positive on-chain data and technical indicators, making it an exciting time for investors. As Ethereum continues to gain traction, its performance could significantly impact the broader cryptocurrency market, attracting more attention and investment.

A recent report from Fidelity Digital Assets predicts that by 2032, 8.3 million Bitcoin could be classified as illiquid, representing about 42% of the total supply. This shift in liquidity could lead to significant price appreciation for Bitcoin, making it an exciting prospect for investors. Understanding these trends is crucial as they can influence market dynamics and investment strategies in the cryptocurrency space.

According to on-chain analytics firm Glassnode, the Bitcoin price trend remains positive as long as it stays above the short-term holder cost basis. This metric, known as the Realized Price, reflects the average cost basis of Bitcoin investors. Maintaining this level is crucial for investor confidence and market stability, indicating that the asset is still in a healthy position.

Ethereum is currently facing significant challenges as its price has dipped below $4,620, raising concerns about further losses if it doesn't recover above $4,580. This bearish trend is crucial for investors to watch, as a sustained decline could impact market confidence and trading strategies. The potential for a rebound exists if Ethereum can break through these resistance levels, making it a pivotal moment for the cryptocurrency.

As the Federal Reserve prepares to announce its policy on September 17, trader Nik Patel has shared a detailed strategy for trading Bitcoin. In his latest Market Outlook, he outlines key resistance and support levels, suggesting that Bitcoin's price will likely fluctuate between $117.5k and $120k for resistance, with a critical support level at $112k. This analysis is crucial for traders looking to navigate the market during this pivotal time.

In today's Asia Morning Briefing, traders in the Bitcoin market are preparing for potential interest rate cuts from the Federal Reserve, which could significantly impact liquidity. With a staggering $4.5 billion in liquidity tests on the horizon, market participants are closely monitoring these developments. This situation is crucial as it could influence trading strategies and market stability, making it essential for investors to stay informed.

Dan Morehead, the CEO of Pantera Capital, recently shared his optimistic outlook on Bitcoin, predicting it could reach $750,000 by 2030. He emphasized that Bitcoin currently represents a small fraction of global wealth and has a history of significant annual growth. This projection is important as it highlights the potential for cryptocurrency investments to grow substantially, attracting both new and seasoned investors to the market.

Bitcoin's price is showing strong potential to reach $120,000 this Wednesday, driven by significant withdrawals from centralized exchanges, inflows from spot ETFs, and its growing reputation as a reliable financial hedge. This surge is noteworthy as it reflects increasing confidence in Bitcoin's stability and utility in the financial market.

Portal To Bitcoin (PTB) is emerging as a game-changer in the cryptocurrency world, providing a direct gateway to Bitcoin's liquidity. This innovation addresses long-standing barriers to adoption and accessibility, making it easier for investors and users to engage with Bitcoin. With endorsements from notable figures like BATMAN, PTB is set to revolutionize how people interact with digital currency, potentially increasing its mainstream acceptance and usage.

Bitcoin is making headlines again as it climbs back above the $115,000 mark, showing strong bullish momentum after a dip in August. This resurgence has sparked increased interest among investors, reflected in a significant spike in Bitcoin's Scarcity Index. This is important because it indicates a growing confidence in Bitcoin's value and potential for future gains, suggesting that more people are looking to invest in this digital asset.

Binance is making headlines again, having added $2 billion in stablecoins in just one day, which has contributed to its native token reaching an impressive $963. This surge is a clear indicator of market optimism and Binance's growing influence in the cryptocurrency space. Analyst Darkfost points out that the rapid growth of ERC-20 stablecoins is a significant factor driving this rally. This development is important as it showcases the increasing confidence in the crypto market and Binance's pivotal role in shaping its future.

Alchemy Pay has launched a new fiat-to-real-world assets platform that integrates with major payment processors like Visa and Mastercard, making it easier for users globally to access Wall Street investment opportunities. This development is significant as it bridges traditional finance with the growing demand for digital asset investments, potentially democratizing access to financial markets for a wider audience.

Bitcoin exchange-traded funds (ETFs) have seen a remarkable resurgence, attracting nearly $2.9 billion in fresh capital over a seven-day inflow streak. This surge indicates a strong return of investor confidence following a selloff in August. On September 16 alone, Bitcoin ETFs gained $292.27 million, highlighting a renewed interest in cryptocurrency investments. This trend is significant as it reflects a shift in market sentiment and could pave the way for further growth in the crypto sector.

Metaplanet is making waves in the cryptocurrency world by launching new subsidiaries in Miami and Tokyo, aimed at boosting Bitcoin income and enhancing its media operations in Japan. This expansion is significant as it not only reflects the growing global interest in Bitcoin but also positions Metaplanet to tap into two major markets, potentially increasing its influence and revenue in the crypto space.

Banco Santander, Spain's largest bank, has made a significant move by entering the crypto trading space, allowing users of its digital platform Openbank to trade popular tokens like Bitcoin and Ethereum. This development is crucial as it signals a growing acceptance of cryptocurrencies in mainstream finance, potentially paving the way for more innovative projects like Snorter Token to thrive in this evolving market.

Bitcoin ETFs have seen a remarkable surge, logging their seventh consecutive day of inflows with a total of $292 million. This trend highlights growing investor confidence in Bitcoin as a viable investment option, suggesting that more people are looking to enter the cryptocurrency market. The sustained inflows indicate a positive sentiment towards Bitcoin, which could lead to further price increases and market stability.