90% of Bitcoin addresses are in profit even as the crypto asset is over 31% down from its all-time high. IntoTheBlock’s analysis reveals a significant milestone for Bitcoin as it surged past the $46,000 mark, pushing more than 90% of all BTC addresses into a profitable zone. 90% of Bitcoin Addresses in Profit According to...Read More
Those closely monitoring the ongoing developments in the spot Bitcoin ETF saga are likely aware the stakes have never been higher. Experts are now emphasizing potential scenarios and recommended responses in the event of an approval. Increasing the cash portion of the investor portfolio and preparing for volatility could be the right way to go....Read More
The crypto market witnessed one of its largest liquidations on January 3, 2024, as BTC plunged over concerns that the United States Securities and Exchange Commission (SEC) would reject all applications for spot Bitcoin exchange-traded funds (ETFs). A report by cryptocurrency exchange Bitfinex revealed that BTC’s fall triggered the largest wave of liquidations since August...Read More
Bitcoin pioneer Samson Mow is confident that the price for one BTC will reach a million dollars in the future. However, he also thinks that if this happens sooner rather than later, it will cause “max pain” for some people. “Bitcoin has a way of doing what we least expect and in the most disruptive...Read More
BlackRock is reportedly expected to make a significant announcement regarding a substantial downsizing of its workforce. The impending layoffs, which account for about 3% of its global workforce, will result in approximately 600 employees leaving the company. BlackRock to Implement Routine Layoffs The layoffs are being internally described as routine, aligning with BlackRock’s previous practices....Read More
Custodia Bank CEO Caitlin Long claims there’s a “hidden risk” surrounding a handful of Bitcoin ETFs eyeing imminent launch in the United States, following BlackRock’s recently updated S-1 filing. According to the founder, sponsors may attempt to generate more profit from their funds using securities lending, which “can pose a lot of hidden risk to...Read More
Peculiar occurrences have unfolded just one week into 2024. In a bizarre turn of events within the crypto industry, an anonymous wallet spent 1.5 BTC to inscribe encrypted data onto the Bitcoin blockchain. Through 332 transactions, the wallet exhausted BTC equivalent to $66,000 at current market prices, embedding nearly 9 megabytes of encrypted data into...Read More
Matrixport has issued a warning predicting a 7% decline for Bitcoin in the next two weeks, citing that “one of its trading signals” has turned bearish for the first time since August 2023. This cautionary outlook from Matrixport follows previous statements by the company’s analysts, who anticipate that the U.S. Securities and Exchange Commission (SEC)...Read More
2024 is full of several events that will significantly impact market activity. The year has started where 2023 left off, and the crypto community is abuzz with excitement and anticipation of the upcoming trends. According to a report from crypto market analytics platform IntoTheBlock (ITB), the potential spot Bitcoin exchange-traded fund (ETF) release, the upcoming...Read More
As the cryptocurrency industry continues to evolve, another 10 applicants are ready for the race including Valkyrie, Wisdomtree, Invesco/Galaxy, iShares, Ark/21Shares, and Vaneck, who have submitted updated S1-filing to the U.S. Securities and Exchange Commission (SEC) for the launch of Bitcoin spot exchange-traded funds (ETFs). What Benefit Investors Hold? These ETFs would authorize investors to...Read More
The race to the first approved spot Bitcoin ETF by the United States Securities and Exchange Commission continues in full force. A number of applicants, including the world’s largest asset manager – BlackRock – have filed amendments to their S-1 registration statements under the country’s Securities Act. The latest round of changes came today, January...Read More
The Bitcoin community awaits with anticipation the SEC’s decision on the first U.S. spot Bitcoin ETF, a major step towards robust crypto market adoption. Analysts suggest a high likelihood of an SEC announcement this week, potentially triggering significant market movements following Bitcoin’s price reaction in response to the news. 5% Chance Of A Rejection Last...Read More
The digital asset investment products experienced inflows of $2.25 billion throughout the entire 2023. This places it as the third-best year based on data dating back to 2017, with 2020 recording $6.6 billion and 2021 reaching $10.7 billion, according to the latest report by CoinShares. As such, the inflows for 2023 were 2.7 times higher...Read More
Nevada has emerged as the leader in the United States for interest in spot Bitcoin ETFs (Exchange-Traded Funds), surpassing traditional financial hubs like New York and California. This insight comes from a recent study by CoinGecko, which used Google Trends data to analyze global and domestic interest in cryptocurrency investment vehicles from January 2019 to...Read More
Optimism over a Bitcoin ETF may not be as prevalent in mainstream financial circles as within the online crypto community, according to new survey results published by Bitwise. The crypto index fund provider – which itself is awaiting approval for its Bitcoin ETF application – said that only 39% of surveyed investment advisors believe an...Read More
With Bitcoin (BTC) spot ETF approvals seemingly just days away, applicants are racing to seize investor attention – and cash – ahead of their competitors upon launch. From VanEck to HashDex to Bitwise, here are the commercials being pushed by billion-dollar asset managers to encourage hungry customers to buy Bitcoin. The Bitcoin Ad Campaign One...Read More
Crypto market participants are moving to the sidelines, leading to low activity in the derivatives market as the date for the U.S. Securities and Exchange Commission’s (SEC) decision on spot Bitcoin exchange-traded funds (ETF) approaches. According to a weekly report from market intelligence platform CryptoQuant, the decline in derivatives market activity is due to the...Read More
The Securities and Exchange Commission has been in the crypto community’s minds for the past few years, mainly due to the attacks it launched against numerous companies and projects. Now, though, the agency is expected to finally greenlight a spot Bitcoin ETF in the US after a decade of rejecting all proposals. ETF Next Week?...Read More
The crypto community is abuzz with speculation over the imminent approval of multiple spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) as soon as Friday. Tweets and hints from key figures in the industry, including one from TechCrunch reporter Jacquelyn Melinek, have fueled this speculation. Crypto Community Buzzing with Speculation of Approval...Read More
According to FOX Business, the U.S. Securities and Exchange Commission (SEC) is close to approving several spot Bitcoin exchange-traded funds (ETFs). In a series of pivotal meetings held with major stock exchanges, including the New York Stock Exchange (NYSE), Nasdaq, and Chicago Board Options Exchange (CBOE), the SEC is reportedly finalizing the review of applications...Read More
Simeon Hyman, a global investment strategist at ProShares, has highlighted the deficiencies in the spot Bitcoin market, citing discrepancies in prices across exchanges and risks associated with various platforms. Notably, expectations among cryptocurrency stakeholders have been centered on the potential approval of a series of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission...Read More
The race for the spot Bitcoin ETF is at its peak, as Valkyrie has filed a registration with the US Securities and Exchange Commission (SEC) for its spot Bitcoin ETF. This move follows similar actions taken by several other applicants, including Fidelity, Grayscale, and VanEck, increasing the likelihood of multiple approvals early next week. The...Read More
A group of former Citigroup Inc. executives, along with Franklin Templeton, BTIG, and Broadhaven Ventures, are set to offer securities backed by Bitcoin that they claim do not require approval from U.S. regulators. As the debate and anticipation surrounding the approval or denial of spot Bitcoin ETFs intensify, the executives’ efforts look at an alternative...Read More
Around $100 billion has left the crypto market over the past 24 hours as Bitcoin crashed in late trading on Jan. 3. BTC slumped as much as 8% to bottom out at around $42,000 before recovering to reclaim $43,000 again on Jan. 4. Many have cited reports and rumors that the highly anticipated pack of...Read More
Fidelity Investments, the $4.5 trillion asset manager, has taken a pivotal step towards mainstream adoption of cryptocurrencies by filing for SEC registration of its spot bitcoin ETF again. SEC Registration The filing, which involves submitting SEC Form 8-A, is a critical step towards making the bitcoin fund available for public trading, pending regulatory approval. By...Read More
In a recent post on social media platform X, cryptocurrency analyst Bit Paine presented a compelling forecast for the value of Bitcoin (BTC) reaching $1 million by January 3, 2025. Paine provides an in-depth analysis, highlighting key factors that could drive this significant value increase. Analyst Predicts Potential Supply Shock in Bitcoin Market Paine’s analysis...Read More
Matrixport, a crypto-financial service platform, has been notably optimistic about the approval of a spot Bitcoin ETF this month. However, the firm’s recent report suggests a shift in sentiment, speculating that the US Securities and Exchange Commission (SEC) may reject any proposals in January. January Blues for Crypto? The growing anticipation within the crypto community...Read More
Fox Business reporter Eleanor Terrett believes the sentiment surrounding a spot Bitcoin (BTC) ETF approval in early January is low. It’s worth noting, however, that despite Terrett’s perspective, a considerable number of analysts expect the approval of such products during the same period. SEC is Reviewing Changes to S-1 Filings In a post on X,...Read More
A wave of anticipated Bitcoin (BTC) spot ETF approvals appear days away from launch – yet one of the race’s largest players may be behind on its regulatory procedures. Bloomberg ETF analyst Eric Balchunas noted on Tuesday that the firm’s latest S-3 filing for its Bitcoin ETF is still absent critical information that rival fund...Read More
What an eventful year it has been for the crypto industry! With 2023 coming to an end, the cryptocurrency space has had its share of battles and victories, all of which continue to shape an industry that, though still growing, has managed to make a mark in the global financial sector. This year, regulators came...Read More
