The price of BTC dropped from Monday’s high of $27,200, but it’s getting ready for another attempt to break the $27,000 resistance. On Monday, the price of Bitcoin went up strongly, breaking through the $27,000 barrier. However, it stopped at $27,000. This positive move boosted confidence in the crypto market, with Ethereum climbing back above…
Renowned psychologist Jordan Peterson recently sparked a debate about whether Bitcoin could replace traditional banks. This conversation started on September 14 when Australia’s Macquarie Bank announced plans to discontinue cash, check, and phone payment services. Jordan Peterson is a well-known Canadian clinical psychologist, professor, and cultural critic. He has gained international recognition for his thought-provoking…
In a recent analysis, Bloomberg’s senior commodity strategist, Mike McGlone, talked about the current state of Bitcoin and other cryptocurrencies. McGlone proposed an idea that the growing number of digital assets in the market could be affecting how well Bitcoin is doing. McGlone said that more and more altcoins are causing Bitcoin’s price to drop…
Bitcoin’s price has mainly stayed steady over the past month. Is data from blockchain transactions suggesting the price is strong? Bitcoin’s price has been relatively stable for the past month, even with significant developments like spot Bitcoin ETFs and crypto lawsuits. However, data from blockchain transactions indicates that the way BTC is being traded reflects…
Despite recent negative trends in the crypto market, Bitcoin (BTC) is edging closer to the $27,000 mark. The current order book for Bitcoin shows a notable surplus of buying bids over selling offers. This dominance in buying activity suggests strong demand and hints at the possibility of an upcoming upward movement in the crypto market….
Dr. Jordan Peterson, a well-known Canadian psychologist and best-selling author with over 4.6 million followers, started a discussion on September 14th about the “debanking” movement and how Bitcoin might make traditional banks less relevant. Peterson’s post gained notice in response to reports from Australia about Macquarie Bank’s decision to gradually eliminate cash, cheques, and telephone…
This article highlights three significant developments in the crypto industry: the launch of the EU’s first spot Bitcoin ETF, the introduction of Sei Network, and the sale of 300 million TCRV by Tradecurve Markets. During the fifth stage of the Tradecurve Markets presale, 32 million TCRV tokens were purchased. Tradecurve Markets has a goal to…
Bitcoin’s price has rebounded, trading above $26,000, but it hasn’t been able to break through the resistance at $26,565. This stability comes after the release of the Consumer Price Index (CPI) data, which suggests a potential uptrend. Bitcoin’s price has been steadily climbing from the support level of $25,000 earlier this week. One contributing factor…
Franklin Templeton, a renowned global asset manager with $1.4 trillion in assets under management, has applied to the Securities and Exchange Commission (SEC) for approval of “The Franklin Bitcoin ETF.” This move adds them to the growing list of companies seeking to launch a Bitcoin ETF. The recent significant development in the crypto space is the…
Bitcoin’s recent drop is influenced by global liquidity, limited monetary stimulus, and market events. A Bitcoin ETF approval could significantly affect prices in the volatile and unpredictable cryptocurrency market. Austin Arnold and Mark Yusko, experts in cryptocurrency, have shared insights about the recent drop in Bitcoin’s price. We’ve summarized their key points for you in…
A new study finds that cryptocurrency markets in the U.S. and Europe are still doing well, even though they face a lot of questions and uncertainty in the U.S. The study by Coalition Greenwich and Amberdata shows that asset managers and hedge funds are feeling positive and excited about cryptocurrency. They’re not just hopeful about…
Rumors are spreading in the cryptocurrency world that BlackRock might have gained approval for a Spot Bitcoin ETF. If this turns out to be true, it could trigger a significant surge in Bitcoin’s price, possibly reaching $40,000. This news is essential for both regular and big investors. If a giant like BlackRock supports Bitcoin through…
US Senator Ted Cruz thinks Bitcoin is not just about freedom; it also helps the economy and the environment in the state. In a recent interview with Forbes, US Senator Ted Cruz talked about Bitcoin’s role in the Texas economy. Cruz said that crypto is becoming more important in the state’s economy. He mentioned that…
Global ETF market: $7.3T in Q2, up 5.8% from the prior quarter, fueled by $136.6B in inflows and $265B in market appreciation. In Q2, there were significant inflows in the ETF market, with $89 billion directed towards equity strategies, $45.9 billion towards fixed income, and $1.9 billion allocated to other categories. This overall figure was…
Crypto analyst Tom from CryptoBusy suggests that Bitcoin (BTC) could see a rebound in October, drawing on historical October performances. Currently, BTC is trading at $25,759.95, with a modest 0.02% gain in the last 24 hours. An analyst named Tom from the CryptoBusy YouTube channel has made some predictions about the cryptocurrency market. He suggests…
Digital Currency Group, the owner of the now-bankrupt crypto lender Genesis, faced criticism on Wednesday for allegedly borrowing a substantial amount of bitcoin and failing to repay it. Genesis Global Capital is taking legal action against Digital Currency Group (DCG) for several unpaid loans totaling hundreds of millions of dollars that were due in May….
Arkham, a blockchain analytics firm, has disclosed what it claims to be wallet addresses linked to the Grayscale Bitcoin Trust. According to Arkham, Grayscale is positioned as the second-largest Bitcoin entity globally. In the world of blockchain, there’s been an intriguing development. Arkham, a prominent player in blockchain analytics, has unveiled what it claims to…
El Salvador’s Ministry of Education has joined forces with Mi Primer Bitcoin (MPB) with the goal of incorporating Bitcoin education into schools by the year 2024. Representatives from MPB, as reported by cointelegraph.com, have confirmed their collaboration with the Ministry of Education, with support from Bitcoin Beach. The Bitcoin education component will mainly rely on…
The upcoming accounting rules by FASB promise to be a significant improvement compared to the current standards, thanks to increased feedback from regulators. US regulators are actively working on improving accounting standards for Bitcoin (BTC) to better account for its price fluctuations. These long-awaited regulations are expected to be introduced by the end of the…
Marathon Digital cites scorching Texas heat for a 9% drop in August Bitcoin mining. Yet, they mined over five times more Bitcoins than last year during the same period. The company also faces a lawsuit alleging false financial statements. Marathon Digital, a Bitcoin mining company, says that the drop in Bitcoin production in August was…
The outcome of the race for a regular Bitcoin ETF may be determined in early 2024, and if it happens, the price of Bitcoin could soar. In the ongoing discussion about the regular Bitcoin ETF, Bloomberg Analyst James Seyffart pointed out that the recent court decision against the SEC in the Grayscale case is a…
“Presidential candidate Vivek Ramaswamy openly backs Bitcoin, potentially impacting crypto policy if elected. This reflects the increasing political attention on cryptocurrency.” U.S. Presidential candidate Vivek Ramaswamy has surprised many by publicly supporting Bitcoin, which has attracted attention from both the cryptocurrency community and political experts. This is unusual because most politicians have been cautious about…
The emergence of Bitcoin ETFs could lead to a shift towards higher custody service fees in the crypto industry. The SEC will make a decision on Bitcoin ETFs in mid-October. The cryptocurrency community is anxiously awaiting the SEC’s decision on Bitcoin ETFs. Bloomberg’s senior ETF analyst, Eric Balchunas, made a prediction on the “Unchained Crypto”…
October 17th is not an ordinary day; it’s a day that could change the cryptocurrency world. The U.S. SEC will make a significant decision on Spot Bitcoin ETF applications, and BlackRock’s proposal is at the center of attention. Seen a lot of people saying that a spot #Bitcoin ETF won't move the price up. The…
XRP lawyer John Deaton has accused former SEC Chair Jay Clayton of prioritizing personal interests over regulatory duties. This follows Clayton’s recent statement to CNBC, where he said the approval of a Bitcoin ETF is “inevitable.” Former SEC Chair Jay Clayton’s recent statement expresses optimism about the future of Bitcoin ETFs, although approval timelines remain…
A recent analysis by CryptoQuant, a cryptocurrency analysis firm, highlights the significant influence of Bitcoin miners’ selling behavior on its short-term price movements. The analysis reveals a correlation between the “Flow from Miners to Exchange” metric and Bitcoin’s market price fluctuations. The “Miner to Exchange Flow” metric measures the volume of coins transferred from miners…
In the competitive world of Bitcoin ETFs, Grayscale doesn’t just want to compete; they want to take the lead. They plan to transform their current Bitcoin trust (GBTC) into an Exchange-Traded Fund (ETF), positioning themselves ahead of many others who are also trying to succeed in this market. Competing Amid Strong Rivals At the core…
Cathie Wood, Ark Invest’s CEO, expressed optimism about Bitcoin and AI convergence in a tweet, highlighting their transformative potential for companies and the economy. Her enthusiasm reflects the rapid evolution of the crypto and AI sectors. The tweet also mentions the Bitcoin Brainstorm Podcast, hosted by Ark Invest and Blockchain Park, where Wood discusses Bitcoin’s…
Some analysts are sharing their predictions about Bitcoin’s future if its price falls below $24.8k, especially as September brings fears of a possible further correction in BTC price. Bitcoin’s price is facing some challenges as the U.S. Securities and Exchange Commission (SEC) decided to delay its decision on Bitcoin ETFs until October. This move has…
The SEC might counter Grayscale’s success in the spot Bitcoin ETF with alternative arguments for rejection, possibly focusing on concerns about the spot Bitcoin market. This could impact Bitcoin’s price due to macroeconomic data releases and anticipation of the SEC’s response to the panel’s decision. The prices of cryptocurrencies like Bitcoin, Ethereum, and other top…
The biggest thing for crypto recently was Grayscale’s win against the US SEC. Because of this, the price of Bitcoin quickly went up past $27,500, but then it went down to $27,240. This kind of going up and down is normal. Lots of people are still trading, even after the price went up first. A…
Vivek Ramaswamy, who wants to be the Republican Presidential candidate, said that the court’s decision about Grayscale makes it easier for more new and creative things to happen with Bitcoin. Grayscale, the company that won against the US SEC on Tuesday, has made people, including those running for the US Presidential Election in 2024, talk…
The US Securities and Exchange Commission (SEC), which was challenged by Grayscale’s legal victory, is set to decide on the first of seven applications for spot Bitcoin ETFs on Thursday. The SEC has been cautious due to concerns about potential Bitcoin market manipulation. Bitwise’s decision is due on Sept. 1, followed by BlackRock, Fidelity, Invesco,…
Crypto lawyer John Deaton disappointed with XRP and BTC price performance after SEC lawsuit; both saw modest increases of over 3% in the past 24 hours. Cryptocurrency lawyer and enthusiast John E Deaton shared on Twitter that he was disappointed with the performance of Ripple (XRP) and Bitcoin (BTC). He had expected XRP to reach…
According to PeckShield Alert, the US government controls the biggest Bitcoin wallet, holding more than $2.46 billion in Bitcoin linked to the 2016 Bitfinex hack. An investment platform, Robinhood, possesses the third-largest Bitcoin wallet. The US SEC is known for targeting major crypto exchanges like Binance and Coinbase and engaging in a lengthy lawsuit with…
Bitcoin, a type of digital money, has gone up by about 7% and reached over $27,000 ($27,645). This is a notable change from being around $26,000 for many weeks. A few things have contributed to this rise. First, a court decision favored Grayscale against the US SEC regarding a review of a Bitcoin ETF. Second,…
The SEC has important deadlines coming up, just a few days away, to make decisions about seven Bitcoin ETF applications. Big companies like BlackRock, Bitwise, and Fidelity have applied. Grayscale Investments recently had a victory against the SEC in a US appeals court. This makes us wonder what the SEC will do next and…
A US court ruled in favor of Grayscale in its lawsuit against the SEC over the approval of a spot Bitcoin ETF. A US appeals court has ruled in favor of Grayscale in its lawsuit against the SEC over the approval of a spot Bitcoin ETF. This is a major victory for the cryptocurrency industry,…
Around 40% of all the Bitcoin that exists has stayed still for over three years, according to a report from Bitfinex this week. People who hold onto Bitcoin for a long time are still getting more and keeping it for even longer. This shows that they’re feeling good about it, says the report. The Bitfinex…
If the court decides on the Grayscale vs. US SEC case and picks from six Bitcoin ETF applications, it could make the crypto market better. This week is important for the crypto market. It might help Bitcoin and other coins recover because of some important choices. Traders and big crypto holders are waiting to see…
Bitcoin’s price has been around $26,000 and the market has been quite unstable lately. Many other cryptocurrencies have also been stuck after a big drop, causing over $1 billion to vanish from the market in the last 10 days. This could lead to a longer period of stability, which might cause a big positive surge…
Recent investigations reveal that Robinhood possesses the third-largest Bitcoin wallet, containing roughly $3 billion worth of BTC. This amount is a small part of the $11.5 billion worth of cryptocurrencies it keeps safe for its users. Around August 27, a report from Arkham Intelligence stated that Robinhood is believed to have more than $3 billion…
Bitcoin (BTC) is currently exhibiting cautious sentiment as indicated by the Crypto Fear and Greed Index, which stands at 39 out of 100 in the fear zone, showing a slight increase from the previous day. This sentiment reflects the prevailing uncertainty in the cryptocurrency realm. Amidst this backdrop, Bitcoin’s price trend takes center stage, influenced…
With the Bitcoin network’s hash rate surpassing 414 EH/s, miners are facing challenges due to declining profits. Bitcoin mining revenue, also known as “hash price,” which measures earnings per TH/s per day, has dropped to levels comparable to the collapse of FTX in November 2022. Despite this, the hash rate has reached all-time highs. Recently,…
Bitcoin has followed repeated patterns over time, linked to Fibonacci levels. Before big price jumps, past cycles have included periods of stability. The next cycle suggests Bitcoin might rise to around 44K-48K by October or November 2023. Bitcoin has always been closely watched and studied. Among the reliable tools is Fibonacci retracement, which helps predict…
Hashdex, a digital asset management company, has submitted a 19b-4 filing to the NYSE. This involves transforming its DeFi ETF into a complete Bitcoin ETF. Notably, this change is happening independently of Coinbase’s Supervisory Sharing Agreement (SSA). Significantly, the DeFi ETF is being rebranded as the Hashdex Bitcoin ETF. Hashdex is shifting its main approach…
On Friday, after Jerome Powell talked about the possibility of raising the benchmark rates, Bitcoin’s price briefly dropped. But now, it’s back up to about $26,200 from its earlier fall before the Jackson Hole event. This matches what people anticipated, as Powell mainly talked about keeping inflation in check. Powell expressed determination to lower inflation…
Amid rumors about a major crypto exchange, investors are pulling out significant Bitcoin amounts from Binance. CEO Changpeng Zhao dismissed the rumors as an attempt to create fear and doubt. On August 23, Whale Alert on Twitter reported five withdrawals in a single minute, totaling 5,729 BTC (worth $150 million). Tweets by whale_alert While conducted…
Bitcoin Price Could Reach $150,000 in Next Cycle, Pantera Capital Predicts Pantera Capital, a Bitcoin bull, says that the BTC price, currently at around $26,447, is on track for its cycle’s top and bottom timings. They believe that Bitcoin could reach nearly $150,000 during its upcoming four-year halving cycle. In their recent “Blockchain Letter” on…
The U.K. Treasury is looking into the effects of stopping cold calls about money matters. They’ve put out a paper to learn how this would affect regular people and businesses. The U.K. wants to stop cold calls about finances, so the Treasury is asking for feedback. They want to understand how this would impact businesses…