Argentina’s relationship with Bitcoin has hit a rough patch. Recent talks with El Salvador, the first country to adopt Bitcoin, sparked rumors that Argentina might do the same. However, experts are urging caution, highlighting the difference between friendly discussions and full adoption of Bitcoin. The election of Bitcoin supporter Javier Milei as president in late…
Strike CEO Jack Mallers believes Bitcoin could reach $1 million, citing global economic instability and its role as a safe haven. Today, Bitcoin rose nearly 3%, reflecting a broader market trend. Strong inflows into the U.S. Spot Bitcoin ETF and SEC approval of the Spot Ethereum ETF have boosted investor confidence. Mallers’ prediction adds to…
As GBTC sees more money leaving, BlackRock’s Bitcoin ETF IBIT is seeing a significant increase in new investments. Meanwhile, Bitcoin’s price has held steady around $69,000. The crypto community is eagerly waiting for the SEC’s decision on spot Ethereum ETFs, while institutional investors are getting more active in Bitcoin ETFs. U.S. spot Bitcoin ETFs have…
Bitcoin’s price is steadily climbing along the trend line, suggesting a potential bull run. The $100K target remains unchanged, as bulls appear set to reach this milestone sooner than expected. Market trends have led to different price targets for cryptocurrencies, especially Bitcoin. While many expected the price to drop to $55,000, a big rebound pushed…
Bitcoin has recently exceeded $72,000 amid anticipation of Ethereum ETF approval. Analysts anticipate Bitcoin may consolidate over the next few weeks, with a crucial short-term support level seen at around $67,500. Bitcoin (BTC) recently climbed above $72,000 in the US as hopes grew for the approval of a spot Ethereum ETF. However, the increase faced…
On Monday, the three spot ether ETFs in Hong Kong recorded zero flows, with total net assets at $41.14 million, according to SoSoValue data. While the outlook for a spot ether exchange-traded fund (ETF) in the United States became more optimistic on Monday, the three spot ether ETFs in Hong Kong saw no new investments….
Lower-than-expected inflation and strong Bitcoin gains are drawing some investors back to crypto, led by the US. Yet, worries over regulatory scrutiny are cooling interest in Ethereum, leading to outflows. According to CoinShares, a prominent digital asset manager, crypto investment products have seen positive inflows for the second consecutive week, totaling $932 million. Bitcoin, often…
Venezuela’s National Power Ministry has taken action against Bitcoin mining operations by disconnecting them from the country’s electricity grid and seizing more than 11,000 Bitcoin miners. This move aims to curb the high energy consumption associated with these mining farms, which has been straining Venezuela’s power resources. Venezuela’s Crackdown on Bitcoin Mining Farms Venezuela’s National…
Silver’s market cap has grown to over $500 billion, making it larger than Bitcoin’s. This is a significant change, as Bitcoin had overtaken silver just two months ago. Silver has made a strong comeback this year, now ranking as the 8th largest asset by market cap after losing that position in March. Since Bitcoin hit…
As May ends, crypto traders are excited for a week of important events. From Binance’s trial in Nigeria to the voting on the FIT21 bill, these events could greatly affect the crypto market. Recently, the crypto market has been very volatile because of worries about potential interest rate hikes. However, Bitcoin’s price jumped on Thursday…
Despite ongoing talk about Bitcoin potentially dropping significantly, some cryptocurrency analysts aren’t convinced it will happen. Bitcoin’s price has remained steady, staying just above the critical $65,000 support level. Many traders feel confident in this stability. In fact, some are now questioning whether a big drop is likely to occur anytime soon. Bitcoin Price Stability…
Pine Ridge Advisers, a registered investment advisor (RIA) based in New York, has invested a significant $205 million across different Spot Bitcoin ETFs. These funds are managed by major industry players like BlackRock, Fidelity, and Bitwise. This move further contributes to the increasing institutional adoption of Bitcoin ETFs. The surge in institutional interest in U.S….
The price of Bitcoin surged, surpassing $63,000, following the release of the latest U.S. Consumer Price Index (CPI) data. The report indicated that inflation increased by 0.3%, which was in line with what the market had expected. The Bitcoin price rallies as the latest U.S. CPI inflation data sparks market concerns. The U.S. Core CPI…
Bitcoin’s ascent is driving major developments in the crypto market. Since April, over a million new tokens have emerged. Memecoin projects are experiencing a mix of excitement and scrutiny within the community. As exciting changes unfold in the crypto world, Bitcoin’s surge is paving the way for important advancements. Starting in April, more than a…
El Salvador, which is among the first countries to accept Bitcoin as official money, has set up a special website to show how much Bitcoin it owns. This website helps keep track of the country’s Bitcoin savings. El Salvador, with support from The Bitcoin Office, has launched a new online platform to track its Bitcoin…
Bitcoin’s recent 2% rise has sparked speculation about a potential new rally in the cryptocurrency. Several factors, including developments at the Chicago Mercantile Exchange (CME), the state of the U.S. economy, and the actions of long-term holders, are playing roles in driving the crypto markets into positive territory. Bitcoin has surged by 2% within a…
Today, the price of Bitcoin surged by over 3%, surpassing the $63,000 mark. This significant jump has led to discussions in the cryptocurrency market about what might be driving this recent surge. Following a period of volatile trading, Bitcoin’s price has seen a notable rally, prompting analysts to offer insights into the reasons behind this…
Twitter CEO Jack Dorsey has announced a daring investment plan for Bitcoin. He plans to use 10% of Block’s profits from Bitcoin-related products to buy more Bitcoin. This strategy reflects a traditional method of building wealth that anyone can follow. Dorsey’s move to boost his Bitcoin holdings shows his trust in the cryptocurrency’s investment value….
Bitcoin’s price is experiencing one of its longest consolidation periods ever, with increased FUD raising the chances of a rebound. After dipping below $61,000 on May 9th, Bitcoin has shown signs of bouncing back, gaining 2% in the last 24 hours and returning to around $63,000. The price has mostly stayed within the range of…
The Bitcoin funding rate and the 3-month annualized basis rates are reaching levels that suggest to traders that a big change might be on the way. These are two important indicators used by Bitcoin traders. They could mean that the price of Bitcoin is likely to rise soon, as explained by a cryptocurrency analyst. Bitcoin…
The cryptocurrency market is experiencing a notable surge, led by Bitcoin, with Ethereum also showing significant growth. According to crypto expert John Doe, the market is dynamic, with new developments unfolding regularly. Let’s delve into what’s happening in the world of cryptocurrency, particularly the recent surge in Bitcoin and Ethereum. Both of these digital currencies…
Bitcoin’s recovery persists, leaping from under $59,000 to over $63,000, with many altcoins echoing its ascent. Bitcoin’s market cap now stands at $1.240 trillion, asserting dominance over the altcoins at 50.5%. Notably, leading gainers among major altcoins emerge from the volatile meme coin realm, featuring Dogecoin, PEPE, and SHIB. Bitcoin keeps getting better, reaching a…
Bitcoin’s journey towards the elusive $70,000 mark involves navigating key support levels and facing resistance, amidst significant market volatility. Recent performance saw Bitcoin testing support at $56,500, sparking discussions about its potential to reach the $70,000 price target. A pivotal event impacting Bitcoin’s trajectory was the recent bitcoin halving on May 20, marking the third…
Bitcoin’s value has surged by 6.47% due to positive news about the Federal Reserve’s interest rate plans and strong labor market reports. This indicates that investors are feeling more confident about the cryptocurrency. Bitcoin’s recent 6.47% surge is fueled by growing optimism, propelled by positive macroeconomic indicators. The uptick in the U.S. M2 money supply,…
Three well-known crypto analysts have pointed out that there could be a significant increase in the price of XRP compared to Bitcoin. Two of them even call it a “life-changing” opportunity. While Bitcoin is the biggest and most important cryptocurrency, its movements don’t always determine what happens with other cryptocurrencies. Sometimes, alternative coins like XRP…
The Federal Reserve didn’t surprise many by keeping its main interest rate unchanged at the Federal Open Market Committee Meeting (FOMC) on Wednesday. This decision, though, might not be what some investors in cryptocurrencies and stocks were hoping for. Earlier that day, Bitcoin’s price had fallen sharply by 6%. Bitcoin Price Reacts Positively to Fed…
The drop in Bitcoin price to $56K sparked a wider sell-off in the cryptocurrency market as traders decided to take profits. This decision came amid expectations of a hawkish stance from the Federal Reserve and potential delays in rate cuts. Bitcoin’s price has officially entered a bear market, dropping over 20%. This decline resulted in…
The cryptocurrency market took a sharp downturn, falling by over 6 percent in the last 24 hours, bringing the total market value to around $2.24 trillion on Wednesday. This decline occurred during the mid-London session and raised concerns among investors. Particularly significant was Bitcoin’s price dropping below the critical support range of $59,000 to $61,000…
Bitcoin’s price experienced a 5% pullback following the lackluster debut of Bitcoin and Ether ETFs in Hong Kong. Concerns over high leverages liquidation also contributed to the decline. Despite hopes for a relief rally, the ETFs’ launch failed to meet market expectations. The disappointing debut in Hong Kong added to the market’s concerns. Additionally, U.S….
Hong Kong’s Bitcoin ETFs have launched, and their success depends on how investors navigate tight regulations. The news has already boosted Bitcoin’s price by 2%, now trading at $63,700. These ETFs mark a milestone for Hong Kong’s push to become a regulated digital asset hub. Hong Kong’s Bitcoin ETFs enable swapping assets for fund units…
Starting April 30th, Tiger Brokers’ TigerTradeApp will be available to users in Hong Kong, offering access to six spot crypto ETFs. The online broker, listed on NASDAQ, announced this move, providing zero-commission trading and waiving platform fees for transactions on the first six virtual asset spot exchange-traded funds (ETFs) issued in Hong Kong. Expanding Investment…
Lindsey Haswell joins BlackRock’s Bitcoin ETF board on November 6. However, the ETF experiences zero netflows for three consecutive days, breaking a 71-day streak. This prompts concerns about transparency regarding the ETF’s inflows and outflows. BlackRock plans to make big changes to its board for the main Bitcoin ETF, IBIT. Lindsey Haswell will take over…
According to a Bloomberg report, on Monday, both Bitcoin and the wider cryptocurrency market saw a drop in value. This decline made some traders anxious, especially with an upcoming Federal Reserve meeting. They worried that the meeting might indicate that interest rates will stay high for a longer time. Bitcoin and Altcoins See Decline, Questions…
Amidst Bitcoin’s uncertain future, the crypto community is abuzz with discussions about the “Memecoin Supercycle.” Bitcoin is currently encountering challenges, with a potential downturn looming, cautioned by crypto analyst RektCapital. Drawing parallels between the current correction and Bitcoin’s price movements following the 2016 halving, the analyst anticipates similarities in the potential for two corrective waves….
Australian players aim to mirror the success of spot Bitcoin ETFs seen in the US by focusing on the $2.3 trillion pension market for investment inflows. They’re betting on attracting significant investments from this market to replicate the achievements observed across the Pacific. Following a strong reception to the debut of spot Bitcoin ETFs in…
Bitcoin’s price has been on a bit of a downswing lately, dropping to $62,300 yesterday. However, it has bounced back quite a bit since then, gaining almost $2,000. Today, the prices of altcoins are looking positive, with Ethereum rising above $3,300 and SOL climbing back to the $140 mark. Bitcoin Faces Volatility After Fourth Halving…
The DTCC, a financial services company, made an announcement stating that exchange-traded funds (ETFs) and similar investment products tied to Bitcoin or other cryptocurrencies won’t be given any collateral value. The Depository Trust and Clearing Corporation (DTCC), which handles clearing and settlement services for financial markets, announced that it won’t offer collateral or extend loans…
Ex-Grayscale Director Phil Bonello predicts a Bitcoin price drop to $52,000, citing recent market trends and a potential correction ahead. Phil Bonello suggests a significant Bitcoin correction amid concerns about inflation and geopolitical tensions posing threats to the broader crypto market. The recent drop in Bitcoin’s value saw long liquidations reaching nearly $35 million, further…
Bitcoin (BTC) has dipped below the $65,000 support level amidst a decrease in market risk appetite. Experts suggest that Bitcoin must maintain a price above $65,000 post-halving to potentially reach a new all-time high. However, trading analyst Alan Santana predicts further correction for BTC as market frustration grows due to prolonged consolidation. Santana highlights $51,000…
After surpassing the $66,000 resistance level, the price of Bitcoin has entered a period of consolidation. Currently, Bitcoin is aiming for a further increase above the $67,200 resistance level, indicating potential for the next upward move. Bitcoin is aiming for a notable rise above the $67,200 resistance zone, trading above $65,500 and the 100 hourly…
Since 2021, Block Inc.’s CEO has been pushing for a more decentralized system. Now, Block Inc. has finished making its Bitcoin mining chip. Block Inc. has completed the long-awaited development of its Bitcoin mining chip, as reported by Bloomberg. This innovation arrives amidst a slightly turbulent period in the chip industry. Currently, the company is…
Geoff Kendrick, the head of digital assets research at Standard Chartered, has restated the bank’s bold Bitcoin price forecast of $150,000 by the end of this year. Despite the current market ups and downs and geopolitical uncertainties, Kendrick emphasized in an extensive interview with BNN Bloomberg that ETF inflows and upcoming halving events will play…
The price of Bitcoin continued to rise and surpassed the $66,000 resistance level. BTC is now displaying positive indicators and could attract buyers around the $65,500 mark. Bitcoin surged above the $65,500 resistance area, now trading above both $65,500 and the 100 hourly Simple Moving Average. On the hourly chart of the BTC/USD pair sourced…
NEAR Protocol’s native token has emerged as one of the top performers in the last 24 hours. Bitcoin’s price is steadily rising after the recent halving, surging above $66,000 for the first time in a week. Other altcoins have also seen modest gains, with Ethereum reclaiming $3,200 and BNB surpassing $600. Bitcoin’s Rollercoaster Week Bitcoin…
With Bitcoin’s price climbing above $65,000, many investors think the worst is over. The MVRV ratio, which measures profit against market value, suggests a buying opportunity with potential gains of 67%. Bitcoin bounced back strongly last weekend, hitting $66,000 after a bit of selling last week. Now, analysts are keeping a close eye on where…
Bitcoin miners will continue to receive 3.125 BTC per block until 2028. According to Mark Yusko, Bitcoin’s fair value has surged to $80,000. Despite this, current Google searches for Bitcoin remain relatively low, suggesting that we may be in the early stages of a bullish market. Now that Bitcoin has surpassed the halving event, miners…
In the last 24 hours, many larger-cap altcoins have seen significant gains, with Shiba Inu (SHIB) leading the pack. Bitcoin is also on the rise, climbing to around $65,000 after recent downturns. Other altcoins like Ethereum (ETH) and Binance Coin (BNB) have also surged, each seeing approximately a 4% increase. However, SHIB has outshone them…
JPMorgan Chase CEO Jamie Dimon has reiterated his negative views on Bitcoin, labeling it as a fraud and dismissing its potential as a currency. He went as far as to call it a Ponzi scheme. Despite his firm stance against Bitcoin, it’s noteworthy that JPMorgan is an authorized participant for Blackrock’s spot Bitcoin exchange-traded fund…
After the much-awaited Bitcoin halving, a new concept called “Runes” emerged in the cryptocurrency realm. Bill Barhydt, the CEO of Abra, a cryptocurrency company, explained this intriguing phenomenon. Barhydt explained that Runes are a fresh token standard introduced in Bitcoin, aimed at streamlining and enhancing the process of creating fungible tokens on the blockchain. Unlike…
Bitcoin briefly reached $63,000 before stabilizing, while Ethereum experienced a slight drop to $3,029. The market is showing mixed results following the Bitcoin halving event. After the Bitcoin halving event in 2020, miner rewards have been reduced to 3.125. Barring any major changes, the next halving is anticipated in 2028. As for the market’s response…