Tag: USOTC:GBTC
-
Crypto: BTC Maintains Stability Above $46,500, HNT Surges, BitPay Expands Crypto Support, and More
Wait for the approval of Bitcoin ETFs in the US accelerates BlackRock (NYSE:BLK), VanEck, Invesco, Galaxy, ARK 21Shares, Grayscale, and other potential issuers are among the 13 waiting for approval to launch Bitcoin exchange-traded funds (ETFs) in the US. They updated their documents on Tuesday, responding to the SEC’s comments received in the last 24…
-
Crypto: Tokenized Fund Earns Moody’s AA Rating, Binance Contemplates Privacy Token Removal, and Latest Updates
Bitcoin recovers after a drop due to leveraged liquidations Bitcoin (COIN:BTCUSD) has shown a slight recovery, trading just above $44,000, after dropping by up to 7% on Wednesday due to leveraged liquidations. Increased leverage and a non-consensus report from Matrixport contributed to the cascade liquidation, resulting in the elimination of nearly $560 million in long…
-
Crypto: Volatile Bitcoin with ETF Anticipation, Etherscan Acquires Solscan, and Latest Updates
Bitcoin and other cryptocurrencies fall on Fed and ETF expectations On Wednesday, Bitcoin (COIN:BTCUSD) faced a 4.5% drop, reaching US$42,930, influenced by the expectation of news from the Federal Reserve and the possible approval of a Bitcoin ETF. Other cryptocurrencies such as Ether (COIN:ETHUSD), Solana (COIN:SOLUSD) and XRP (COIN:XRPUSD) also saw significant drops. These fluctuations…
-
Crypto: Mining Stocks Eclipse BTC in 2023, Ethereum PoS Revamped by Vitalik Buterin, and Latest Trends
Possible approval of a Bitcoin ETF could lead to a ‘news-driven sell-off,’ according to a report A report from CryptoQuant suggests that the approval of a spot Bitcoin ETF could trigger a “news-driven sell-off.” With Bitcoin recovering above $40,000, many holders are sitting on unrealized profits, historically a precursor to price corrections. Miners are also…
-
Crypto: MicroStrategy Expands BTC Holdings, Grayscale Leadership Renewed, MATIC Breaks $1 Barrier, and More
Bitcoin and cryptocurrencies display mixed movement on Wednesday Bitcoin (COIN:BTCUSD) and other cryptocurrencies have shown mixed performance in the last 24 hours, with traders assessing recent highs and awaiting new catalysts, including the expected approval of Bitcoin-holding ETFs. Bitcoin recorded a modest increase of 1.05%, reaching $43,070, mostly trading between $41,000 and $44,000 since December.…
-
Crypto: BONK Price Soars Following Coinbase Listing, JPMorgan Predicts Ethereum Dominance in 2024, and More
Bitcoin boosts the crypto market with a $40 billion surge Following recent statements by Jerome Powell, the chairman of the Federal Reserve, financial markets reacted with expectations of seven interest rate cuts in 2024, with the federal funds rate potentially reaching between 3.50% and 3.75%. This prediction boosted several indices, with the Dow Jones surpassing…
-
Crypto: BlackRock’s Bitcoin ETF Adaptation for Wall Street Banks, FIFA’s NFT Launch, and More
Bitcoin and cryptocurrencies show resilience after drop After one of the worst drops this year, Bitcoin (COIN:BTCUSD) and other cryptocurrencies showed a slight recovery, maintaining significant gains since April 2022. The anticipation of a Bitcoin ETF in the US and a favorable macroeconomic context, with signs of slowing inflation, have boosted values. US CPI inflation…
-
Crypto: Monday’s Crypto Market Decline, MetaMask Expands Global Reach, and More
Bitcoin and Ether face declines with massive market sell-offs Bitcoin (COIN:BTCUSD) and Ether (COIN:ETHUSD) experienced significant drops today, with Bitcoin falling to $42,270 and Ether to $2,240, marking a significant low in the cryptocurrency market. This retracement resulted in massive liquidations, exceeding $94 million in Bitcoin, primarily in long positions. The global crypto market witnessed…
-
Crypto This Thursday: FCA Warns Against Poloniex, Robinhood Debuts in EU, and More
US jobs report could heavily impact Bitcoin and markets Bitcoin’s recent rise was influenced by falling interest rates, which also benefited traditional markets. Recently, the cryptocurrency market has shown remarkable growth, with Bitcoin, the largest cryptocurrency, exceeding large companies in market capitalization such as Tesla (NASDAQ:TSLA) and Visa (NYSE:V). Bitcoin has reached a market capitalization…
-
Crypto this Friday: Cryptocurrencies Reach New Highs, Kwon’s Extradition Approved, and More
Recovery and new records in the cryptocurrency market The cryptocurrency market showed a remarkable recovery on Friday. Bitcoin (COIN:BTCUSD) reached $38,253.20 at the time of publication, with a 7-day increase of 5.83%. Ether (COIN:ETHUSD) also exceeded expectations, crossing the $2,000 mark, up 3%, at $2,123.12, with a weekly gain of 8.20%. Meanwhile, Solana (COIN:SOLUSD) rose…