Due to institutional demand, Bitcoin ETFs currently hold 925,266 BTC, or nearly 5% of the total circulating supply. BlackRock and Fidelity lead Bitcoin ETF inflows, with growing interest from wealth managers like Goldman Sachs and Morgan Stanley. Now owning a startling 925,266 BTC, or almost $59.2 billion, Bitcoin ETFs are fast establishing their footprint in…
On-chain data shows the Bitcoin supply in loss has shot up close to the 20% mark after the recent bearish action in the coin’s price. Bitcoin UTXO Supply In Loss Has Seen A Sharp Increase Recently In a new post on X, CryptoQuant author Axel Adler Jr talked about the recent trend in the Bitcoin…
The cryptocurrency community was eagerly waiting for HBO to air “Money Electric: The Bitcoin Mystery.” This documentary made headlines as it claimed to reveal the identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Soon after the show went live, Peter Todd, who was an early Bitcoin enthusiast and a core contributor was named as the creator…
On Tuesday, Oct. 8, 2024, HBO premiered its highly anticipated documentary “Money Electric,” offering a deep dive into the origins of Bitcoin. Directed by Cullen Hoback, renowned for his work on the Qanon series “Q: Into the Storm,” the film brought together a range of voices from the cryptocurrency space, including developers, early adopters, and…
Bitcoin is currently trading at $62,255.65, up 2% in the past week. The BTC market fell prey to volatility ahead of this past weekend, but the asset has gained slightly since the start of the week. Analysts are predicting what price point could be the level that separates current prices from a boom. It’s suggested…
Este artículo también está disponible en español. In a year marked by significant volatility in the cryptocurrency market, memecoins have emerged as key players, outperforming Bitcoin (BTC) and the rest of the largest cryptocurrencies in the ecosystem. This trend was underlined by recent insights from market expert Miles Deutscher, who highlighted a presentation by memecoin…
On Tuesday, while bitcoin dipped more than 2% against the U.S. dollar, shares of the business intelligence firm Microstrategy soared over 6% from the day before. The company’s stock has outpaced bitcoin’s performance this year, climbing over 185% since January compared to bitcoin’s 47% increase. Microstrategy’s Stock Climbs 185% Year-to-Date, Other Firms Test the Holding…
In a bold move, cryptocurrency exchange Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) following the receipt of a Wells notice, which indicates the SEC’s intention to pursue legal action over alleged securities violations. The company, known for its user-friendly platform for buying and selling crypto and its popular debit…
Dan Gallagher, the chief legal officer at Robinhood and a former SEC commissioner, is emerging as a potential replacement for SEC Chairman Gary Gensler should Donald Trump win the presidency. According to a report by Politico, Gallagher is favored by several former regulators and securities lawyers, particularly in light of the SEC’s ongoing scrutiny of…
Este artículo también está disponible en español. After days of anticipation, HBO is set to release its highly awaited documentary exploring the true identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin (BTC). While many are eager to uncover the individual behind this pseudonym, one expert warns that the documentary could lead to significant price…
Spooky season is around the corner. While the cryptocurrency industry has been scaring investors for a while now, the community eagerly awaits to see how these assets will perform during Halloween. The holiday is more special for the cryptocurrency market as it also marks the day that the pseudonymous creator of Bitcoin, Satoshi Nakamoto, shared…
Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging…
Este artículo también está disponible en español. The Bitcoin price volatility is likely to surge in both directions following the recent approval of options for spot Bitcoin ETFs, according to Jeff Park, head of Alpha Strategies at Bitwise Investments. In an interview with Anthony Pompliano, Park explained how these newly available options differ from existing…
October 8, 2024 at 05:10 PM GST updated: October 8, 2024 at 05:06 PM 2 mins read News Tim Draper revises his Bitcoin prediction, now forecasting a $250K price by 2025, citing regulatory delays. SEC crackdowns on Binance and Coinbase slowed Bitcoin’s progress, says Draper, but he remains bullish long-term. Cathie Wood and Mike Novogratz…
Microstrategy’s stock is expected to soar by 64%, fueled by its bold bitcoin investment strategy, according to Bernstein analysts. Michael Saylor’s leadership and the company’s vast BTC holdings, valued at $16 billion, have played a pivotal role in its performance. However, challenges such as net losses and bitcoin volatility could complicate this forecast, despite a…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…
In a significant development for the beleaguered crypto exchange FTX, a US judge has greenlit a bankruptcy plan that will allow the company to repay users nearly two years after its dramatic collapse. Judge John Dorsey of the US Bankruptcy Court for the District of Delaware approved the plan, which aims to return 98% of…
Bahrain’s first Bitcoin fund offers institutional investors exposure to Bitcoin with downside protection, boosting crypto adoption in the GCC. MENA’s booming crypto market, driven by institutional activity, positions Bahrain as a key player in the region’s digital asset space. Following the update shared by CNF, the Central Bank of Bahrain (CBB) is accelerating measures toward…
October 8, 2024 at 12:30 PM GST updated: October 8, 2024 at 10:26 AM 2 mins read News Bitcoin (BTC) hovers at the $62,000 level yet sees no damping bullish spirit. Analysts notice a highly bullish golden cross formation for the pioneer crypto asset. BTC is now set to hit new highs starting from $73,7000…
Starting November 15, 2024, the UAE will eliminate Value Added Tax (VAT) on cryptocurrency transactions, a strategic move designed to invigorate the sector and enhance the nation’s appeal to crypto businesses and investors. This policy shift, announced by the Federal Tax Authority (FTA), removes the previous 5% tax that posed challenges for market entry, thereby…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing…
October 8, 2024 at 11:40 AM GST 2 mins read News Fold submits SEC S-4 filing, advancing its plan to go public via a merger with FTAC Emerald Acquisition Corp. Stockholders to receive up to $419.75M in Fold stock, contingent on Bitcoin’s price at merger closing. Fold plans to expand its Bitcoin services, including larger…
While Bitcoin has been unable to break past the $70,000 price mark for over 2 months now, the asset has made efforts to remain above the $60,000 mark. Amid this maintenance above the $60,000 price level, analysts have continued to speculate on BTC’s future trajectory especially when the asset would make the play out of…
Data shows that the Bitcoin trader sentiment is currently neutral, a sign that investors are indecisive about the direction of the cryptocurrency. Bitcoin Fear & Greed Index Is Right In The Balance Right Now The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment among the traders…
China’s stock surge is drawing funds away from Bitcoin, leading to a temporary dip in the cryptocurrency market. Analysts predict Bitcoin could recover once China’s stock market stabilizes, though uncertainty remains. Following the Chinese government’s recent economic stimulus aimed at reviving its sluggish economy, China’s stock markets have seen significant gains. Contrary to what we…
Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding essential services. With over $1 billion in investments, bitcoin mining could…
JPMorgan analysts are showing optimism as bitcoin exhibits strong upward trends moving into the fourth quarter. They highlighted October’s historically positive returns for the cryptocurrency and suggested this trend could persist. “We continue to see the crypto ecosystem being incrementally more sensitive to macro factors,” the analysts noted. JPMorgan Sees Bright Prospects for Bitcoin in…
Bahrain is part of the Gulf Cooperation Council (GCC) region. The investment fund is structured to provide authorized investors exposure to Bitcoin. The first Bitcoin-linked Structured investment in the Gulf Cooperation Council (GCC) has been launched by the National Bank of Bahrain (NBB) in partnership with APR Digital. The flagship cryptocurrency will be available to…
On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday’s trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $92.617 billion in volume, with bitcoin grabbing a $29.85 billion slice of that pie….
Este artículo también está disponible en español. The Wall Street Cheat Sheet has been around for years now and is often passed around in finance circles, so Bitcoin has not been left out. The cheat sheet shows different stages of each market cycle, using sentiment to track where in the cycle a particular asset is….
The cryptocurrency market often shows elements of versatility, favoring different coins at different stages or phases within the Web3 domain. The one thing that remains constant throughout is its ability to favor the boldest coins available in the market. The market assesses user demand, transactions, and volumes to help a particular token take center stage….
The company disclosed adding 108.78 BTC to its holdings earlier on Monday. With today’s acquisition, the firm’s stack now exceeds 639 Bitcoins. Metaplanet has been steadily adding to its Bitcoin holdings week after week, and with today’s acquisition, its stack now exceeds 639 Bitcoins. In the early hours of Monday’s trading on the Asia market,…
October 7, 2024 at 03:20 PM GST updated: October 7, 2024 at 02:54 PM 2 mins read News Bitcoin (BTC) has reclaimed the $63,000 price and pushed October to a green month. To many analysts, this signifies the start of Uptober. The expectation for a bullish Q4 has gained greater momentum as whale activity increases….
October 7, 2024 at 01:30 PM GST updated: October 7, 2024 at 01:12 PM 2 mins read News Bitcoin tops YTD returns in Q4 2024, maintaining a 49.2% lead despite earlier Q3 market slowdowns. Volatility and commodities, including silver and gold, show strong growth, with silver posting 30.6% YTD returns. Q3 2024 saw weakness in…
In a surprising turn of events, US Bitcoin ETFs experienced their first significant net outflow in a month, shedding over $300 million despite a slight gain at the week’s end. This shift marks a notable change in market sentiment after three weeks of steady inflows, indicating growing investor caution as Bitcoin prices dipped alongside a…
Este artículo también está disponible en español. Crypto analyst Ash Crypto has outlined several reasons why the Bitcoin price is poised to reach $100,000 by the end of the year. This price level is one that other market experts like Standard Chartered have predicted that the flagship crypto could hit even before year-end. Why The…
In a recent presentation, asset manager BlackRock explained that Bitcoin is a “gold alternative” while Ethereum is an equity or speculative tech bet. Meanwhile, Standard Chartered Bank provides an opposite explanation as it claims that Bitcoin is not a geopolitical hedge like gold. BlackRock’s Robbie Mitchnick attempted to put the widely debated categorization of Bitcoin…
In the ever-evolving world of cryptocurrency, a prominent strategist known as Credible Crypto is stirring excitement among followers with predictions of a potential Bitcoin (BTC) rally. He suggests that Bitcoin could surge to $68,000 in the near future, sparking a wave of optimism across the altcoin market. However, he cautions that this upswing may be…
The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does not threaten financial stability. IMF Urges El Salvador to Tackle Bitcoin…
According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of April, with the second-highest transaction day recorded on Sept. 8. In its more than 15 years of operation, the Bitcoin network has witnessed daily transfer records grow annually for nine…
October 6, 2024 at 06:21 PM GST updated: October 6, 2024 at 06:22 PM 2 mins read News On the 3-month chart, the future of bitcoin is Bullish, and the candles are remarkable above the 2021 ATH. Reactions around $61,000, close to the previous ATH, encourage further upside movements. Some analysts have been predicting the…
According to market analyst Benjamin Cowen, Bitcoin’s price may experience an extended consolidation phase lasting up to nine months. Cowen had earlier predicted that BTC could consolidate in the short term after he described the crypto as having reached a mid-cycle top earlier this year. He first shared this analysis back in April and said…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing…
A dormant Bitcoin whale from 2009 transferred $3.58M to Kraken, sparking speculation about Satoshi Nakamoto’s identity. The whale still holds over 1,169 BTC, mined just one month after Bitcoin’s mainnet launch. Data provided by Arkham indicates that a Bitcoin whale dormanting since 2009 has awakened and transferred $3.58 million worth of BTC to the Kraken…
Binance, the largest cryptocurrency exchange, has clarified its stance on requests from the Israeli military to freeze crypto wallets associated with Palestinians. Nils Anderson Röed, Binance’s global head of financial investigations, emphasized that the company does not simply comply with such requests without thorough investigation. In a recent interview, he explained that Binance employs independent…
Este artículo también está disponible en español. Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances…
Este artículo también está disponible en español. Bitcoin, which started the month on a negative note, has begun to regain some positive momentum and is up by 1.66% in the past 24 hours. This recovery comes amid renewed optimism in the crypto space, as traders and investors remain hopeful for a solid finish to the…
Bitcoin has been teetering on the brink of a bear market for the last three weeks. To keep Bitcoin price stable during the bull period, demand must increase. After a halving event, Bitcoin’s (BTC) performance tends to improve in the fourth quarter of bull cycle years. Despite predictions from CryptoQuant that this year would be…
Market News 62% are prepared to vote against their party’s candidate in order to support a pro-crypto candidate. A whopping 85% of people think presidential candidates should take a stand on crypto. Nearly half of American voters (49%) say a candidate’s pro-cryptostance is significant when picking them, according to a recent poll by ConsenSys and…
The International Monetary Fund (IMF) has advised El Salvador to limit its Bitcoin law and reduce public exposure to the crypto. During a press conference, IMF spokesperson Julie Kozack emphasized the need for a narrower scope of the Bitcoin law, enhanced regulatory frameworks, and oversight of the Bitcoin ecosystem. This recommendation is part of ongoing…