A new high record was recorded by bitcoin, which reached $69,202, surpassing the all-time high of November 2021 at $68,999.99. It then traded lower and last settled at $68,440. Its rise is being fueled by investors pouring money into US exchange-traded spot crypto products and the prospect that global interest rates may fall. In an … Read more
The market value of Bitcoin, the cryptocurrency with the highest market cap, reached $1.35 trillion for the first time in its history before declining. Bitcoin rose to $67.5 thousand, approaching its record levels of about $69 thousand recorded in November 2021, and Bitcoin is now trading at $66.5 thousand, an increase of about 3.8 percent. … Read more
Grayscale Fund Redemptions Traders said that while spot Bitcoin ETFs have attracted billions of dollars, a large proportion of inflows likely came from redemptions moving from the Grayscale Bitcoin Trust to lower-cost competitors. About $7 billion in investments have exited the $24 billion investment fund since it was transferred from a trust. Bankrupt cryptocurrency companies … Read more
Investors’ willingness to put money into bitcoin was also supported last month by US regulatory authorities’ approval of exchange-traded funds (ETFs) to track its price. At around 18:30 CET, according to the specialized CoinDesk server, bitcoin had increased by over five percent to $50,196 in the past 24 hours. It was the highest since December … Read more
The National Basketball Association (NBA) is in the middle of a lawsuit linked to its business relationships with the now-defunct cryptocurrency exchange Voyager Digital Holdings Inc. Investors allege the NBA’s negligence in supporting a marketing agreement between Voyager and Mark Cuban, owner of the NBA’s Dallas Mavericks, resulted in staggering losses of $4.2 billion. The … Read more
The US Securities and Exchange Commission (SEC) has approved the use of spot bitcoin ETFs. The approval includes ETFs from major Wall Street asset management firms, from BlackRock to Franklin Templeton (BEN), Grayscale, Fidelity, among other best-known companies in the world of cryptocurrencies. With this step it is expected that the path is facilitated to … Read more
If you’re short on time and can’t manage to go through our articles one by one, try our evening roundup. Everything important that happened can be found here clearly in one place. Each heading can be clicked to go to the entire article. Message of the day Solana now boasts over 2,500 monthly active developers … Read more
The expected approval of a Bitcoin ETF in the United States could represent a typical ‘sell-the-news’ event, meaning a drop in the price of BTC, according to a recently published analysis by CryptoQuant. Bitcoin ETF Approval On Reach? CryptoQuant, an analytical platform specializing in the cryptocurrency market, highlights the potential in its recent analysis sell-the-news … Read more
Some political unrest and geopolitical factors around the world also enhanced the rise in the price of Bitcoin in particular, which recorded record highs exceeding 100 percent (but has not yet reached peak levels), which analysts attributed to technical and economic effects, in addition to the impact of recent geopolitical tensions, for its price to … Read more
The price of Cardana rose to $0.57 on Friday, hitting a three-month high. Almost 80% of Cardano wallet addresses are currently profitable, setting up ADA for a sell-off. Small Cardano investors accumulate ADA tokens, while large wallet investors distribute their holdings. The price of Cardana has climbed to $0.57 after a three-month wait for ADA … Read more