The introduction this week of the ProShares Bitcoin Strategy exchange-traded fund (NYSE: BITO), the first full-fledged cryptocurrency ETF available in the United States, drove Bitcoin to a new all-time high above $66,000. Bitcoin’s price has increased by 40% in the last 30 days. In comparison, the price of Ethereum, the second-largest cryptocurrency by market capitalization, has climbed …
The Securities and Exchange Commission (SEC) has finally approved the first Bitcoin futures exchange-traded fund (ETF) to list on the New York Stock Exchange (NYSE). The listing was also a success, asa investor interest flowed in immediately. A Bitcoin ETF is an investment vehicle that tracks the price of Bitcoin, which is often the standardized …
Blockchain technology has readily evolved over the past decade since the advent of Bitcoin in the year 2008. Bitcoin became the first-ever decentralized peer-to-peer electronic cash. Today, a number of innovators and entrepreneurs in different fields have already started to realize the technology behind the same. It is precisely the reason why several sectors are …
Ether (ETH), the native token of Ethereum, is expected to set its record high shortly since it has broken above $4,000, a critical resistance level. On Oct. 20, the price of ETH increased by more than 5%. It surpassed $4,100 on the Coinbase platform for the first time since May 2021. The cryptocurrency’s rise beyond …
ProShares’ Bitcoin Strategy ETF saw around $1 billion in activity on its maiden day, with 24.313 million BITO shares changing hands. ProShares’ Bitcoin Strategy exchange-traded fund (BITO) had the enormous first-day “natural” volume for an ETF. It reached slightly more than $1 billion by the conclusion of the first day. It ranks second overall, trailing …
The price of the Dogecoin-inspired meme cryptocurrency has been stabilizing beneath a structure resembling a Bull Pennant. In 2021, the Shiba Inu (SHIB) market will be in a robust bull market. One key continuation pattern on its longer period charts highlights the potential for a further 90% upside moves ahead. SHIB increased more than 1,250 …
A bitcoin bull is on the lookout for a pullback. Mark Yusko, a hedge fund manager, believes that investors would profit from the cryptocurrency’s recent quick rise. “A lot of people believe we’ll hit $100,000 by the end of the year. We should, according to the stock to flow model,” Morgan Creek Capital Management CEO and …
Mark Yusko, a Bitcoin Bull, Expects Danger at $60,000 Read More »
On Friday, bitcoin momentarily surpassed $60,000 for the first time since April, as investors cheered the potential of the SEC approving the first US bitcoin futures ETF in the coming days. According to CoinGecko data, the digital asset reached a 24-hour high of $60,018, closing in on its all-time high of $64,895. It brings bitcoin’s …
Last month, the People’s Bank of China (PBoC) issued a document criminalizing all cryptocurrency activity virtually. When the memo began to circulate online, the price of Bitcoin (BTC) fell by more than 6.5 per cent. However, industry analysts quickly argued that the announcement could have been the perfect dip-buying opportunity. China’s crypto crackdown began years …
FTX.US, which launched its NFT marketplace last month, has added Solana blockchain compatibility and expects to add Ether tokens soon. The Solana blockchain is now supported by FTX.US’s nonfungible token (NFT) marketplace, allowing users to trade, deposit, and withdraw NFTs that adhere to the Metaplex token standard. On Tuesday, the FTX US registered branch announced …
Bitcoin hit a new five-month high early Monday, extending a two-week price gain despite a dismal U.S. jobs report on Friday failing to dampen hopes for Federal Reserve (Fed) tapering in November. The market also ignored data indicating allegedly bearish posture by leveraged funds in the futures market. According to CoinDesk 20 data, the cryptocurrency …
The US has been dubbed as the new center of the cryptocurrency mining world, as it has been quietly building up its hosting capacity for years in order to become the new bitcoin mining hub. With the global pandemic affecting various industries, people who were looking for establishments to hold their large-scale investments turned their attention …
Last month, Bitcoin broke through the $50,000 barrier for the second time. Experts explain why Bitcoin’s value has skyrocketed. Bitcoin, the oldest and most popular cryptocurrency, has breached the infamous $50,000 mark for the first time. The spike in Bitcoin price has once again boosted market emotions, with brokerages and market watchers anticipating another large …
Following a market-wide rally, Bitcoin returned above $50,000 this week for the first time since early September. On Wednesday, the cryptocurrency surpassed $55,000. The most recent price rises are coming after bitcoin temporarily dipped below $30,000 at the end of July. Bitcoin is now only $10,000 away from reaching an all-time high in mid-April. Other …
The Brazilian Congress will debate a bill governing cryptocurrency companies and boosting penalties for crypto pyramid schemes and other unlawful activity. The bill tabled on September 29 was already authorized by a special commission of the Brazilian House of Representatives. If approved by the plenary, the legislation, introduced by deputy Aureo Ribeiro, would require “virtual …
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