Despite a chaotic day filled with confusion about ETF listings, Bitcoin managed to recover from its losses and climb back above the significant $34,000 level. Bitcoin, the leading cryptocurrency, has managed to rise above $34,000 again after experiencing some fluctuations. The clarification from the Depository Trust and Clearing Corporation (DTCC) played a role in this…
The price of Bitcoin has become less volatile recently, with the digital currency staying within a fairly narrow range in the past few days. Bitcoin’s price, which was around $34,000 as of this report, has remained relatively stable in the past day and earlier today, according to data from Coinbase on the BTC/USDT pair provided…
BlackRock’s Bitcoin ETF listing had vanished from the DTCC’s website for a few hours, but then it suddenly reappeared. The ticker symbol for BlackRock’s Bitcoin ETF, IBTC, briefly vanished from the Depository Trust and Clearing Corporation’s (DTCC) website and then reappeared a few hours later. This caused a lot of excitement in the markets, leading…
According to Matrixport, a cryptocurrency services provider, Bitcoin is maintaining its course to reach $45,000 by the conclusion of this year. Bitcoin (BTC) is anticipated to continue its growth, potentially reaching $45,000 by the end of this year. This positive outlook is driven by the sustained high futures funding rates, indicating strong bullish sentiment among…
The US Court of Appeals has directed the US Securities and Exchange Commission (SEC) to take another look at Grayscale Investment’s request to change its Bitcoin Trust into a Bitcoin ETF, a move that has had a positive impact on crypto market sentiment. In a significant development, the US Court of Appeals upheld its August…
The recent surge in Bitcoin’s price saw it shoot up by over 12%, reaching $35,000. This surge also means that MicroStrategy, a prominent company that holds approximately $44 billion worth of Bitcoin, is now in a profitable position. Market analysts are suggesting that this significant price increase could be the start of the next Bitcoin…
Bitcoin’s price shot up to $35,000 thanks to some significant events taking place. One big factor was Grayscale winning a court case against the SEC, and the SEC deciding not to challenge the outcome. This victory has boosted the effort to create Bitcoin ETFs. JPMorgan and Bloomberg Intelligence have suggested that a Bitcoin ETF could…
Bitcoin is very close to breaking a bearish pattern that suggests a price drop and confirming the current uptrend, possibly signaling the start of a bull market. Bitcoin’s price has found support above $30,000 and is aiming for the year’s high at $31,000. This upward trend began last week and coincided with discussions about the…
Paul Brody, the blockchain leader at EY, reveals that institutional investors are showing substantial interest in Bitcoin. However, their full-scale participation hinges on the approval of a Bitcoin exchange-traded fund (ETF). Paul Brody, the global blockchain leader at Ernst & Young, stated that cryptocurrencies, particularly Bitcoin, are in high demand among both retail and institutional…
At the start of the week, the overall cryptocurrency market displayed a bullish sentiment, with Bitcoin (BTC) breaking through the significant psychological barrier at $30,000. Notably, renowned investor Robert Kiyosaki envisions a potential 350% surge in the near future. The acclaimed author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ recently offered his…
Bitcoin, the leading cryptocurrency, has been steadily approaching the $31,000 mark after notable gains during the weekend. Crypto analyst Ali Martinez has examined this price movement and offered insights into Bitcoin’s potential future direction. According to Martinez, there is a possibility of bears regaining control in the near future. Potential Bearish Pattern on Bitcoin’s Horizon…
Bitcoin’s price is on the rise, surpassing the $30,000 resistance level. It’s exhibiting positive indications and has the potential for further gains, aiming for the $31,200 mark. This ascent began when Bitcoin initiated a fresh uptrend, breaking through the resistance levels at $28,500 and $28,800. Presently, the price is trading above $30,000 and is supported…
Bitcoin’s recent price increase over the weekend came as a surprise to many in the market. It recorded a 1.5% gain in the last 24 hours, pushing its value above the important $30,000 mark, which is also a significant resistance level. At the time of writing, Bitcoin was trading at $30,154, showing a 12% increase…
Bitcoin, the original digital currency, is making headlines by surpassing the tough $30,000 barrier. A massive influx of $10 billion is behind this surge, showing that both big investors and regular folks are gaining faith in it again. This breakthrough of the resistance level has experts talking about the start of a new bullish market…
Robert Kiyosaki, the well-known financial educator and author of “Rich Dad Poor Dad,” has made a bold prediction in the crypto world. He believes that Bitcoin is on the verge of a remarkable surge, potentially reaching an astonishing value of $135,000 in the near future. Kiyosaki’s optimism is fueled by Bitcoin’s recent rebound to the…
Bitcoin has shown a significant increase in value, with its price going up by over 11% in the past week. It has reached a two-month high, which suggests a strong bullish trend in the market. This surge has also contributed more than 10 billion to the overall market value. Bitcoin initially broke through the $30,000…
On Friday, the price of Bitcoin surged past the $30,000 threshold, sparking optimism in the market. This increase was driven by speculation surrounding the potential approval of a Bitcoin Spot ETF. Bitcoin has recently gained a lot of attention from investors, resulting in a notable price increase. It has now exceeded the $30,000 level, drawing…
Bitcoin’s price remained above $28,000 after a bounce back to $30,000. This recovery was driven by false news about the approval of a spot Bitcoin ETF. Bitcoin’s price is still in the positive territory several days after rumors circulated about the SEC approving a Bitcoin spot exchange-traded fund (ETF) proposal by BlackRock, which pushed the…
Bitcoin SV, which is a fork of Bitcoin, experienced a significant increase in both its price and trading volume, leading to new price records in October 2023. The cryptocurrency market has been getting more attention recently, and one cryptocurrency, Bitcoin SV (BSV), made headlines on Thursday, October 19th, due to a significant price increase. BSV,…
Bitcoin SV (BSV) had a significant 15.2% increase in value recently, but it’s currently trading at just over $39, similar to the previous day. The market is currently grappling with a challenging dynamic resistance level, which has left traders feeling uncertain. Bitcoin SV, a fork of Bitcoin, is presently the most profitable cryptocurrency among the…
A few experts mentioned that the changes indicate that the U.S. Securities and Exchange Commission (SEC) is actively talking to parties involved in the matter. On Wednesday, Bitcoin reached its highest point in two months. This happened after Fidelity, a financial company, made changes to its spot Bitcoin ETF filings. These changes might suggest that…
Robert Kiyosaki, the well-known financial educator and author of ‘Rich Dad Poor Dad,’ recently used a platform (X) to discuss how inflation affects various economic groups. Robert Kiyosaki, a financial educator and the author of the popular book “Rich Dad Poor Dad,” used a platform (formerly Twitter) to talk about how inflation affects different groups…
Bitcoin, the digital currency created by Satoshi Nakamoto, is on the brink of a significant milestone. Predictions are pointing to the possibility of Bitcoin reaching $100,000 in 2023. This journey started when Bitcoin crossed the $100 per coin mark in April 2013, a moment that attracted widespread attention and investor interest. The potential surge in…
The U.S. government owns about 200,000 Bitcoins, putting it among the world’s top holders. These Bitcoins, valued at over $5 billion, come from seizures, mostly involving cybercriminals and darknet markets. Various government agencies, including the Ministry of Finance and the IRS, oversee these digital assets, which are mainly kept in hardware wallets. The U.S. government…
According to some experts, the reason GBTC’s discount is getting smaller is that investors believe the SEC will approve various pending applications for Bitcoin ETFs. Grayscale’s Bitcoin investment fund, Grayscale Bitcoin Trust (GBTC), is now trading at its smallest discount in almost two years. This is happening as the possibility of spot Bitcoin ETFs getting…
According to Bloomberg analysts, the approval of a spot Bitcoin exchange-traded fund (ETF) is highly likely, with a 90% chance of approval by January 10, 2024. ARK and 21Shares’ recent updates regarding their spot Bitcoin ETF application have drawn interest from industry experts. Bloomberg analysts view these updates as a sign of a positive and…
Altcoins and Bitcoin (BTC) have experienced a resurgence in the cryptocurrency markets after facing recent setbacks. Positive BTC Developments! The social dominance metric for Bitcoin has surged to its highest monthly level in the past 24 hours. This increase coincides with growing optimism about the approval of a Bitcoin ETF, as the SEC’s objection period…
The SEC won’t appeal the court ruling, which paves the way for Grayscale’s Bitcoin Trust (GBTC) to potentially be the first to launch a spot Bitcoin ETF in the US. This is a big deal for the crypto world, as investors and asset management firms are eagerly watching for the SEC’s next move. SEC Faces…
Eric Balchunas thinks that the revised filings indicate a 75% chance of a spot Bitcoin ETF being approved by the end of the year. On October 11, Ark Invest, an investment management company, made changes to its application for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). This update aligns with…
JPMorgan recently published a report, and in it, they’re saying that there might be a 20% drop in the power of the Bitcoin network after the next Bitcoin halving in April 2024. This report is their way of making a prediction about what could happen. According to their report, JPMorgan believes that when the next…
Binance CEO Changpeng Zhao anticipates Bitcoin (BTC) hitting new all-time highs following the April 2023 halving. However, he cautions against succumbing to fear of missing out (FOMO) prematurely. CZ highlights recurring trends during BTC halvings, such as hype, heightened expectations, and market volatility. He emphasizes that BTC’s price won’t skyrocket overnight but will undergo adjustments…
In a recent post, a trader predicted that BTC might hit $137,000 by August 2024. Currently, BTC is valued at $27,952.35, with a small 0.15% increase in the last 24 hours. It’s trading in a positive channel, hinting at potential price growth in the coming days. Cryptocurrency trader Titan of Crypto recently made a prediction…
Iris Energy, a Bitcoin mining company, is boosting its computing power by 25% in preparation for the upcoming Bitcoin halving event. Australia’s Iris Energy, a Bitcoin mining company, is set to increase its self-mining computing power by 25% by partnering with Bitmain. The deal involves Bitmain delivering around 7,000 S21 mining machines. When these machines…
Max Keiser, known for his strong support of Bitcoin and serving as a crypto advisor to the President of El Salvador, has made a big prediction about Bitcoin’s future price. Like many other experts, he’s making some attention-grabbing forecasts. Keiser’s Prediction: Bitcoin Price Target of $220,000 In a tweet on the X platform, Keiser confidently…
The Bitcoin price faces the risk of dropping below $28,000, with a significant support level at $27,000 offering liquidity for the potential ascent towards $30,000. The Bitcoin price has continued its descent below the $28,000 mark, driven by the recent developments regarding the approval of Ethereum futures exchange-traded funds (ETFs) in the United States. Following…
The bearish forecast made by analyst Benjamin Cowen, who predicted that Bitcoin would drop to $23,000 in September, turned out to be inaccurate. In an unexpected turn of events, a prominent analyst named Benjamin Cowen has revised his previous prediction regarding Bitcoin (BTC). Initially, Cowen had forecasted that Bitcoin would decline to $23,000 by the…
Michael van de Poppe has put forth a forecast for a Bitcoin surge in the last quarter of 2023. He envisions an end-of-year objective of $40,000 for the leading cryptocurrency. Poppe anticipates that ETF approvals and pre-halving sentiment will serve as catalysts for a potential Bitcoin upswing. Well-known cryptocurrency analyst and CEO of MN Trading,…
SEC Chair Gary Gensler restated his view on Bitcoin, confirming that it does not qualify as a security. In a hearing held on a Wednesday before the Financial Services Committee, Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), provided clarity on his position regarding Bitcoin. In response to queries from the Republican…
The U.S. Securities and Exchange Commission (SEC) has chosen to postpone its decision on the ARK Invest 21Shares Bitcoin Exchange Traded Fund (ETF) application. On Tuesday, September 26, 2023, the U.S. Securities and Exchange Commission (SEC) decided to delay the approval of the ARK Invest 21Shares Bitcoin Exchange Traded Fund (ETF). This delay might mean…
The author of “Rich Dad Poor Dad,” Robert Kiyosaki, questioned whether it was time to say goodbye to both Bitcoin and the U.S. Dollar. Kiyosaki’s statement came after Citibank announced its blockchain technology for turning institutional savings into Citibank tokens, enabling instant 24/7 cross-border transactions. He asked, “Goodbye Bitcoin and U.S. Dollar?” BYE BYE Bitcoin…
Microsoft adding a Bitcoin wallet to Xbox could have a big impact on the crypto industry and possibly spark the next surge in Bitcoin’s value. According to recently leaked documents, Microsoft is considering adding a cryptocurrency wallet to its popular Xbox gaming console. These documents, dating back to May 2022, reveal plans to incorporate a…
MicroStrategy has bought more Bitcoin (BTC), adding 5,445 of them to its holdings. This purchase cost around $147.3 million, at an average price of $27,053 per Bitcoin. MicroStrategy, a U.S. blockchain intelligence company, has further solidified its position as a major institutional supporter of Bitcoin. The company recently added 5,445 Bitcoin (BTC) tokens to its…
In the past, Bitcoin has consistently reached the 78.6% Fibonacci retracement level before each halving. This crucial level was reached 4 months, 2 months, and 12 months before the previous three halvings. Now, with the next halving only 7 months away, Bitcoin is expected to reach $48,700, in line with this historical pattern. Bitcoin, the…
Robert Kiyosaki, author of “Rich Dad Poor Dad,” recommends investing in Bitcoin now, anticipating a market crash. He predicts Bitcoin could reach $500,000 by 2025, with gold at $5,000 and silver hitting $500. In the event of a global economic collapse, he envisions Bitcoin reaching $1 million, alongside increased interest in gold and silver. Robert…
The Federal Reserve, also known as the FED, recently made a decision about its policies, and it seems like this decision has once again affected the price of Bitcoin. Even though the FED chose not to increase interest rates, the price of Bitcoin didn’t change much this week. Bitcoin has been staying in a price…
Morgan Creek Capital’s CEO predicts a huge influx of money into Bitcoin if the SEC approves a spot ETF. This approval could bring in approximately $300 billion from both institutional and retail investors. Cryptocurrency experts and leaders are filled with optimism as they discuss the potential approval of a Bitcoin spot Exchange Traded Fund (ETF)…
Mt. Gox, which lost 850,000 Bitcoins in 2014 due to a security breach, has extended its repayment deadline to October 31, 2024. This year, two individuals were charged by the U.S. DOJ for conspiring to steal a portion of the stolen BTC, which is now worth nearly $23 billion. In the ongoing Mt. Gox saga,…
The Bitcoin network is showing strong signs of growth as the number of new wallets created in a month exceeds the yearly average. The world’s largest cryptocurrency, Bitcoin (BTC), has been hovering around $27,000 for a while now, with increased trader and network activity. On-chain data shows that traders have been heavily betting against Bitcoin,…
The US Federal Open Market Committee (FOMC) is anticipated to maintain the target range for the federal funds rate at 5.25%-5.5%. Wall Street expects the Fed to announce a “pause” in rate hikes. The US Federal Reserve’s Federal Open Market Committee (FOMC) is gearing up for its rate hike decision this Wednesday. The FOMC is…
Bitcoin has risen back above $27,000 ahead of the FOMC meeting, but a decline in stablecoin supply controlled by major investors could hinder its upward momentum. Bitcoin bulls are making a strong return after facing resistance at $27,200 earlier this week. All eyes are on whether BTC can establish itself above $27,000, potentially pushing toward…