Cryptocurrency

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has surpassed $30 billion in holdings, reflecting increasing demand for the world’s leading cryptocurrency. The world’s largest asset manager reached the $30 billion mark less than 10 months after launching its Bitcoin ETF, which began trading on Jan. 10. BlackRock currently holds more than 417,000 Bitcoin BTC$72,326 worth over $30.4 billion […]

Bitcoin (BTC) surged to within a few dollars of a fresh all-time high price during U.S. trading hours Tuesday, rising to as much as $73,500 before pulling back a bit. The record high of $73,798 was touched on March 14 of this year. At press time, the world’s largest crypto was trading at $73,000, up 4.6% over […]

Florida chief financial officer Jimmy Patronis wants the agency that manages the state’s retirement funds to consider investing in Bitcoin — joining a growing number of American states adding crypto to their portfolios. “Bitcoin is often called ‘digital gold,’ and it could help diversify the state’s portfolio and provide a secure hedge against the volatility […]

Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested U.S. election that could have huge ramifications for the world’s second-largest economy, even as Beijing tries to shore up growth. Gold rose to an all-time high as jitters over the close U.S. presidential race supported the yellow metal, while bitcoin […]

Bernie Moreno, the Republican Party candidate for the United States Senate race in Ohio, reportedly claimed to have sold his Bitcoin BTC$69,887 holdings in an apparent attempt to push back against potential conflicts of interest with support from the cryptocurrency industry. According to an Oct. 28 Cleveland.com report, Moreno said he was “proud” to have the support of the […]

Bitcoin’s BTC$69,940 price opened the week with a show of strength by attacking the $69,000 level, but should traders expect a push to new all-time highs before the end of today’s trading session? The $69,000–$70,000 zone continues to be a resistance cluster, a fact illustrated by the sell walls (red line above BTC price) shown on the […]

The widely-tracked copper-to-gold ratio continues to slide in the wake of China’s stimulus announcements, offering negative cues to risk assets. BTC’s best years have been characterized by copper’s outperformance relative to gold. From the increasing probability of pro-crypto Republican candidate Donald Trump winning the upcoming U.S. presidential election to expectations for Fed rate cuts, bitcoin […]

Standard Chartered’s Election Day Forecast: BTC Set to Reach $73K Standard Chartered’s Global Head of Digital Assets Research, Geoff Kendrick, published a report last week outlining projected bitcoin price movements based on potential outcomes of the upcoming U.S. presidential election. The research provides detailed scenarios for how bitcoin could respond to different election results. “We use daily BTC vol […]

Bitcoin’s Rally to $69K: Glassnode’s Analysis on What’s Next for the Market The recent surge in bitcoin’s (BTC) spot price to $69,000 has brought relief to investors after months of stagnant trading, per data from the onchain market intelligence firm Glassnode. This uptick aligns with the cryptocurrency breaking through multiple technical thresholds, including the 200-day and 111-day moving averages, […]

Bitcoin BTC$67,777 is down just over 2% this week, but a positive sign is that the buyers have not allowed the price to sustain below $65,000. That started a recovery, pushing Bitcoin above $67,500 on Oct. 27. Kraken analysts believe that Bitcoin’s “trend should remain constructive” as long as Bitcoin stays above $66,500. However, not everyone is bullish on Bitcoin’s […]