Over $218 million in crypto trades have been liquidated in the past 24 hours after a fake government announcement claiming that Bitcoin spot ETFs have already been approved in the U.S. According to Coinglass, over $56 million in Bitcoin trades have been liquidated in the past hour alone.Over 72,000 traders were affected, with the largest...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
British multinational bank Standard Chartered projects Bitcoin (BTC) to reach $200,000 by the end of 2025 – more than a 300% climb from where it trades today. The bank argued in a Monday research note that Bitcoin spot ETFs – which are expected to receive “imminent” approval – may absorb $50 billion to $100 billion...Read More
The number of merchants accepting Bitcoin has steadily been on the rise in tandem with its adoption curve. Data compiled by BTC Map revealed that the tally of merchants accepting the digital asset reached 6,126 by the end of 2023, marking a significant rise from the 2,207 recorded at the beginning of the year. As...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
Argo Blockchain’s Nasdaq-listed shares (ARBK) experienced an 8.38% decline after the departure of its interim CEO and COO, Seif El-Bakly. According to data from the stock exchange, the drop saw the shares plummet to $3.50, significantly reducing the firm’s market capitalization to $183.7 million. Argo Blockchain Announces El-Bakly’s Departure According to the January 8 Operation...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
Próspera, a designated special economic zone located on Honduras’ Roatan Island, has formally embraced Bitcoin as its official unit of account for assessing the value of goods and services. The development was led by Jorge Colindres, who holds the position of acting manager and tax commissioner at Próspera ZEDE (Zone for Employment and Economic Development),...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
In the early hours of January 5, an intriguing Bitcoin transaction linked to Satoshi Nakamoto’s wallet stirred conversations in the community. An unknown user sent 26.9 BTC, valued at $1.17 million, to the Genesis wallet, the very first one ever created on the Bitcoin network. This transaction has sparked curiosity and speculation within the crypto...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
Bitcoin ETF applicant VanEck has pledged to donate 5% of its fund’s profits to Bitcoin Core developers, pending approval to launch by the U.S. Securities and Exchange Commission (SEC). The commitment could serve as a major lifeline for developers of the first crypto network, who are known to suffer a dearth of funding or financial...Read More
Several crypto exchanges have joined the Bitcoin Ordinals solutions provider, UniSat Wallet, to support the upcoming BRC-20 Ordinals Jubilee upgrade amid growing friction within the BTC community. According to an official announcement, KuCoin will be among those. The exchange’s decision comes within 24 hours after OKX informed the crypto community about its support as well....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
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
The options market shows significant interest in Bitcoin’s (BTC) bullish price movement. Investors expect the price of the leading digital asset to move upwards as the January expiration date approaches. Data from crypto options and futures exchange Deribit shows that the majority of contracts are calls with a strike price of $50,000. This indicates that...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
Global macro investor Lyn Alden hopes to see Bitcoin (BTC) reach $200,000 per coin in the next two years, believing $100,000 would be a “disappointing” outcome. In a Monday episode of What Bitcoin Did, Alden assessed Bitcoin’s role within the current macroeconomic environment, and why its potential price destination may be hard to forecast between...Read More
On this day, 15 years ago, Satoshi Nakamoto mined the genesis block of the Bitcoin network, laying the foundation for the cryptocurrency industry. Since 2009, the community has celebrated Bitcoin’s birthday every January 3, reminiscing about one of the most significant moments in crypto history. Bitcoin’s 15th Anniversary The genesis block contains the first 50...Read More
Michael Saylor, the founder and former CEO of enterprise software firm MicroStrategy, is selling $216 million worth of MSTR stock from his personal holdings. In contrast, the Bitcoin supporter has not informed that he will be disposing of any of his BTC stash. Stock Value Nearly Quadrupled YoY Microstrategy has famously bought Bitcoin whenever possible,...Read More
Bitcoin (BTC) miners have suddenly begun offloading their BTC holdings to crypto exchanges, signaling a potential reversal of months of upward price momentum. Per a Sunday post from SignalQuant – an author for Bitcoin analytics firm CryptoQuant – paying attention to short-term miner behavior may be necessary for “wise investment.” The Meaning Of Miner Deposits...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
The crypto market sentiment has turned to greed, signaling a bullish stance among investors. According to crypto data source Alternative.me, the Fear and Greed Index is currently at 71/100, representing a period of greed among Bitcoin (BTC) investors. This comes as the leading digital asset surges past the $45,000 resistance level as anticipation around potential...Read More
