Cryptocurrency

This meme token is a shadow of its former self, but it’s still outperforming the world’s biggest cryptocurrency in 2024. Bitcoin (BTC -2.29%) is the world’s biggest cryptocurrency. Its market capitalization of $1.3 trillion accounts for more than half of the market cap of the entire crypto market, which currently stands at $2.4 trillion. The […]

Following a failed challenge of the $70,000 level during early Monday trading hours in Asia, bitcoin (BTC) fell below $67,000 in U.S. morning action. Recently, bitcoin’s price was lower 2.3% over the past 24 hours, underperforming the broad-market CoinDesk 20 Index’s 1% loss during the same period. Ethereum’s ether (ETH) was also down nearly 1%, […]

Bitcoin’s price has climbed 55% in 2024, including a 12.5% gain in October. Recent increases have been fueled by an overall improving risk-on sentiment led by better-than-expected Wall Street earnings. BTC/USD daily price chart. Source: TradingView Additionally, investors are increasingly pricing in potential Federal Reserve rate cuts in November, with pro-crypto Donald Trump’s rising odds of winning the 2024 […]

The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits. A recent research paper by the Federal Reserve Bank of Minneapolis suggests that assets such as Bitcoin should be taxed or banned for governments to maintain deficits. In an economy where the […]

Spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed their most significant single-day inflows in over 120 days on Oct. 14. With more than half a billion dollars pouring into the funds, Bitcoin’s BTC$68,553 price topped $67,800 — its highest in more than three months. ETF Store president Nate Geraci described the event as a landmark day for spot BTC […]

Bitcoin BTC$68,366 circled a key breakout level on Oct. 19 after a “FOMO liquidity grab” ended in rejection at $69,000. BTC/USD 1-hour chart. Source: TradingView BTC price seals best daily close in 4 months Data from Cointelegraph Markets Pro and TradingView showed BTC price action constricting after the week’s final Wall Street trading session. BTC/USD saw new three-month highs the day […]

Bitcoin’s BTC$68,367 market capitalization has reached $1.35 trillion, now over $1 trillion more than the number two cryptocurrency, Ethereum, amid BTC’s price trading just above $68,000. The 8.9%% rise in Bitcoin’s market cap — the total value of all virtual issued money — since Oct. 12 has sparked further speculation that Bitcoin has plenty of upward momentum left. “Bitcoin […]

Spot Bitcoin exchange-traded funds (ETFs) could see a significant liquidity boost, after the latest approval of the United States Securities and Exchange Commission (SEC). On Oct. 18, the US SEC approved applications from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list the long-anticipated options for spot BitcoinBTC$68,366exchange-traded funds (ETFs). This […]

The U.S. securities regulator has granted “accelerated approval” to 11 exchange-traded funds to list and trade options tied to spot bitcoin prices on the New York Stock Exchange, according to a regulatory filing. The Securities and Exchange Commission (SEC) had in January approved the bitcoin ETFs to track bitcoin, in what was a watershed for […]

Overall, spot bitcoin ETFs have experienced significant inflows, with 12 funds amassing over $1.85 billion this week. Ark and 21Shares’ (BATS:ARKB) saw over $100 million in inflows. Grayscale’s (OTC:GBTC) recorded $45.70 million, while Fidelity’s (BATS:FBTC) had $11.69 million. According to crypto analyst Rachael Lucas, per The Block, this trend is due to favorable macroeconomic conditions. […]