Bitcoin spiked to start the final week of March, reclaiming the $70,000 level. The price of the flagship cryptocurrency was last higher by 7.8% at $70,995.48, according to Coin Metrics. It briefly rose to $71,239.31 in late afternoon trading as the stock market closed. Ether jumped 7.4% to $3,634.80. Most other cryptocurrencies rode the bitcoin wave, too. […]
Cryptocurrency
London Stock Exchange To Launch Bitcoin ETN Market In May
The London Stock Exchange has announced that it will accept applications for the admission of Bitcoin Crypto Exchange-Traded Notes (ETNs) starting from April 8, 2024. This decision follows the Exchange’s earlier notice on March 11, indicating its intention to allow the trading of Crypto ETNs in the second quarter of the year. Subject to approval […]
SHIB dips, XRP & SOL hold strong, as new AI altcoin captures interest
Borroe Finance (ROE), an AI-driven altcoin, is making waves, as SHIB records a decline, while XRP revisits its 2023 highs. SHIB’s sharp price crash: A volatility showcase In the electrifying arena of cryptocurrency, where fortunes can pivot faster than a tweet can trend, recent market movements have painted a dramatic landscape. SHIB, the meme coin […]
Bitcoin price aims for a bullish weekly open — Will DOGE, TON, STX and FTM follow?
Bitcoin is on target to end the week in the red, but a positive sign for the bulls is that the price has recovered from the intra-week low of about $61,000 to over $65,000. This shows that traders remain long-term bullish and are buying the dips. CryptoQuant CEO Ki Young Ju expects inflows into spot […]
Does the Bitcoin halving impact cross-chain interoperability solutions?
What is Bitcoin halving, and how is it related to cross-chain interoperability? The Bitcoin protocol reduces the supply of new Bitcoin by 50% via the quadrennial Bitcoin halving. This translates into a 50% reduction in revenue (in BTC terms) for Bitcoin miners and poses indirect implications for cross-chain interoperability. Bitcoin halving events, occurring approximately every four […]
Hospitality worker caught with $2.5B Bitcoin found guilty of money laundering
A hospitality worker has reportedly been found guilty of money laundering in a United Kingdom specialized court for major fraud cases, following the discovery of $2.5 billion worth of Bitcoin in her possession. According to a recent BBC report, the Southwark Crown Court has found Jian Wen of laundering money using Bitcoin to purchase “multi-million pound […]
Bitcoin ETF demand could rise as prices drop — CryptoQuant CEO
CryptoQuant CEO Ki Young Ju has predicted a resurgence in the spot Bitcoin exchange-traded fund (ETF) market if the price of BTC dips further. In a post on X on March 22, Young Ju said spot Bitcoin ETF netflows could rise even as the BTC price decline continues. Using data from the historical net flow trends, […]
Bitcoin Spot ETF Outflows Continue for 4th Day – Here’s The Reason
The Bitcoin (BTC) spot ETFs approved in the United States in January experienced a net outflow of $94 million on March 21st, marking the fourth consecutive day of net outflows since March 18th. The cumulative outflow over the four-day period amounted to $836 million . This marks the first instance of outflows exceeding four days […]
Billionaires Are Buying Bitcoin: What Does It Mean for the Future Price of Bitcoin?
Just two years ago, it would have been close to impossible to find many billionaires seriously thinking about adding Bitcoin (CRYPTO: BTC) to their portfolios. But a lot has changed since then, including a crypto bull market and a wave of mainstream adoption powered by the new spot Bitcoin ETFs. As a result, a growing number of billionaires around […]
Bitcoin’s Crash Isn’t Over, Says JP Morgan
Analysts at JP Morgan, a leading US financial institution, have expressed their view that the cryptocurrency Bitcoin (BTC) still has room for further price declines. This assessment comes after Bitcoin recently hit new highs earlier this month but has since entered a downward trend. According to data from CoinGecko, Bitcoin’s price has fallen by 7.2% […]