Tag: COIN:SHIBUSD
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Trading of Ether ETFs Delayed, LINK Performs Well, and More Crypto News
Ethereum ETFs approved but trading still pending The SEC has given the green light to eight Ethereum ETFs from major management firms like BlackRock (NYSE:BLK), Fidelity, and Grayscale. However, the delay in finalizing the S-1 forms, essential for the commencement of trading, might prolong the process. Experts indicate that the sluggishness is due to last-minute…
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Strong Institutional BTC ETF Adoption, CME Group Ventures into Bitcoin Spot Trading, and More Crypto News
Bitcoin reacts to interest rate cut expectations In the last 24 hours, Bitcoin (COIN:BTCUSD) is trading at $65,850, after reaching a high of $66,772 during the day. The cryptocurrency appreciated following new US inflation data that increased the chances of interest rate cuts by the Fed in the coming months. This expectation also affects other…
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Bitcoin, Ether Drop After Lackluster Hong Kong ETF Debut; Alliance Resource generates $30M in BTC, and More Crypto News
Modest launch of Bitcoin and Ethereum ETFs in Hong Kong The introduction of Bitcoin and Ethereum ETFs in Hong Kong began with below-expected performance, reaching a trading volume of approximately $11.19 million (87.58 million HKD), according to the Hong Kong Stock Exchange. These numbers fall well below the initial expectations, which predicted over $100 million.…
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ARK Invest Exits BITO ETF Position, Runes Generates $135 Million in 7-Day Fees, and More Crypto News
Bitcoin price stability challenges record ETF outflows Despite significant outflows totaling US$244.49 million from bitcoin ETFs this week, the price of Bitcoin has remained stable around US$64 thousand, showing a 1.01% increase over the last seven days. However, the correlation between bitcoin prices and ETF inflows has decreased, indicating a growing disconnect. Moreover, a substantial…
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BTC Mining Activity Surges Post-Halving, GatlingX Unveils Revolutionary EVM and More Crypto News
Impact of the Bitcoin halving on market dynamics On Monday, Bitcoin experienced a rise after conducting its fourth halving the previous Friday, an event that halves the rewards for miners. This adjustment, which occurs every four years, aims to limit the currency’s supply and liken it to scarce resources like gold, aiming to maintain its…
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Coinbase to Launch PEPE Futures, Uniswap Grapples with SEC, and Latest Crypto News
Bitcoin holds price above $70,000 despite US inflation instability Bitcoin (COIN:BTCUSD) records a modest decrease of 0.43% at the time of writing, yet remains resilient above the $70,000 mark amid volatility triggered by a US inflation report for March that exceeded expectations. Despite the initial market reaction, the cryptocurrency displayed stability compared to other assets,…
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Bitcoin Hits $68,000 on Wednesday, MetaMask’s New Daylight Integration, and More Crypto News
Bitcoin slides below $69,000 anticipating US inflation data Before the American inflation data release by the Bureau of Labor Statistics, Bitcoin (COIN:BTCUSD) dropped below $69,000 this Wednesday. The US CPI for March indicated inflation higher than expected, reaching 3.5% annually, surpassing the forecast of 3.4%. Despite intensified efforts by the Federal Reserve to control inflation,…
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Crypto Market Witnesses Largest Drop in 2024; Fox and Polygon Collaborate on Blockchain Authentication, and More News
Crypto market faces biggest drop of the year The cryptocurrency market recorded its largest annual drop of 7%, led by an 8% decline in Bitcoin (COIN:BTCUSD), which triggered a widespread downturn. Bitcoin fell from a peak of $73,000 to a minimum price of $65,879.74, being quoted down -4.9% at the time of writing at $67,918.65.…
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Crypto: Ether Approaches $4,000, PEPE Surges 24%, Aevo Unveils Innovative Pre-Market Token Launch, and More
Ether approaches $4,000 driven by market rally and Ethereum’s post-Merge deflationary impact With a 63% surge in 30 days, Ether (COIN:ETHUSD) stands out in the crypto market, outpacing Bitcoin’s (COIN:BTCUSD) performance and nearing the $4,000 mark at the time of writing, a milestone not seen since December 2021. Since Ethereum’s transition to the Proof of…
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BTC Plunges Post-Record High; Deutsche Boerse Launches Crypto Platform, and More
Bitcoin falls after reaching all-time high due to massive sales Bitcoin (COIN:BTCUSD) experienced a 7% drop shortly after hitting a new all-time high of $69,208, with intense selling on cryptocurrency exchanges preventing gains beyond the milestone. Large sell orders on Binance, including over 300 BTC at $69,000 and 500 BTC at $70,000, created significant price…