Cryptocurrency

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. […]

Bitcoin’s BTC$68,324 price nearing $70,000 has sparked a shift in market sentiment, with a surge in bullish posts among traders. However, one trader warns that the market isn’t quite there yet and still has a way to go before it can truly be called bullish. “I don’t think the sentiment is that bullish currently,” independent crypto analyst […]

Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the U.S. presidential race tightens with less than three weeks until Election Day. Assets ranging from small-cap stocks to bitcoin have climbed in recent weeks while the Mexican peso and Treasuries have slipped, as polls show a tight race between Republican candidate […]

Bitcoin prices will surge if escalating tensions in the Middle East cause oil and energy prices to rise, according to Arthur Hayes, co-founder of the crypto exchange BitMEX. Hayes wrote in an Oct. 16 blog post that “oil prices would spike” in a scenario in which major oil and natural gas fields were attacked in an escalated conflict between […]

FBI agents on Thursday arrested a 25-year-old Alabama man for his alleged role in the Jan. 9 hack of the Securities and Exchange Commission’s X account, which sent the price of bitcoin spiking by more than $1,000, the Department of Justice announced. The man, Eric Council Jr., was ordered held without bail after was appeared […]