Breather or continued negative trend for digital assets?

Although there are those who expect Bitcoin to continue to move sideways, one analyst believes that at least the risk of major downturns could soon be over. The existing price range is keeping BTC stubbornly in check, which is largely favoured by the fact that new economic data and the weak performance of Bitcoin ETFs have hardly been able to provide a boost.
The latter have seen over USD 200 million in capital outflows in recent days, completely erasing the promising start to the week.
James Seyffart, ETF analyst at Bloomberg:
“5 ETFs saw combined outflows of nearly $217 million, with only Franklin’s ETF gaining $1.9 million.”
However, Michaël van de Poppe, CEO of MNTrading, believes that at least altcoins will be able to deviate positively from this trend and realise long-awaited gains.
“The Bitcoin price is still stuck in a price range and I don’t think we will see much movement in the next three to six months, at most a slow sideways upward movement,” is his sobering forecast for the market leader. For the rest of the market, however, he sees immediate room for improvement:
“I expect much more from the altcoins, on the other hand.”

Upcoming rules for Decentralised Financial Services (DeFi) in Europe could pose significant obstacles for crypto projects while encouraging licensed traditional financial institutions to enter the industry, as Marina Markezic, the managing director of the European Crypto Initiative, predicts.
In an interview with Cointelegraph, Markezic spoke about the European Commission’s upcoming DeFi report, which is due to be published on 30 December 2024. The report is related to the new European crypto regulation Markets in Crypto-Assets (MiCA) and will examine the feasibility of specific regulations for the DeFi ecosystem.
“We believe that this regulation will make it easier for [traditional] players to enter the crypto space. We know that some banks are already thinking about issuing stablecoins,” Markezic explained regarding the expected impact of a DeFi regulatory framework, adding:
“Whatever has evolved over the years […] now an institutional view is coming in, and it’s definitely going to be harder for all native crypto projects to get a licence and be compliant.”
Once again, it shows how fundamental a forward-looking and regulated approach as a company really is in the current regulatory environment and ahead of MiCA! We at Teroxx have been committed to this approach since 2017.

Bitcoin transactions reached a new all-time high of 926,842 transactions just three days after the halving. Bitcoin recorded over 926,000 daily transactions on 23 April, surpassing the previous high of over 731,000 transactions set in December 2023, according to data from Glassnode.
The record number of daily transactions was achieved three days after the Bitcoin Halving on 20 April, which coincided with the introduction of Bitcoin Runes, a new protocol for issuing fungible tokens on the Bitcoin network.
Runes make up the lion’s share of transactions on Bitcoin, accounting for 68% of all BTC transactions. According to data from Dune, crypto investors have now carried out a total of 3.6 million Runes-related transactions.
While Runes are unlikely to remain the dominant token standard of the Bitcoin network in the long term, they are a testament to the value of Blockspace on Bitcoin, according to Nazar Khan, the co-founder and CEO of TeraWulf.
Khan told Cointelegraph in an interview:
“Runes and ordinals demonstrate the value of blockspace…. The Bitcoin network is the most decentralised, secure and robust network there is, so there will be use cases and value derived from that blockspace.”