The United States Bitcoin and Ether ETFs recorded nearly $6 billion in trading volume amid market turmoil on Aug. 5. According to data from CoinGlass, spot Bitcoin ETFs registered a total daily volume of $5.24 billion on the day, with more than half coming from BlackRock’s iShares Bitcoin Trust (IBIT). Spot Ether ETFs recorded $715.3 million […]
Cryptocurrency
Trump cautions current administration not to sell Bitcoin
In a recent interview with streamer and influencer Adin Ross, former president Donald Trump cautioned the current administration against selling the United States’ Bitcoin holdings. The 2024 presidential candidate reiterated his stance that if the United States does not innovate on the digital asset front, other countries will, noting that China, the United States’ most […]
Michigan pensions to the moon? Fund dips toes in bitcoin. Will it pay off in the long run?
Nothing says retirement like a nice beach, a little golf and some bitcoin. Wait, what? Investors overseeing some of Michigan’s massive public pension system are dipping their toes in the water when it comes to cryptocurrency. While the current amount of money devoted to bitcoin and another popular currency is relatively small, it’s still a […]
Bitcoin Dips Below $50K as Investors Flee Risk Assets
Bitcoin (BTC) extended its slump during Asian trading hours on Monday, plunging below $50,000 before recovering to nearly $53,000, still the lowest level since mid-February, as rising tensions in the Middle East and concerns about the strength of the global economy ate into investor confidence. The world’s largest cryptocurrency fell for a fourth straight day, dropping to […]
Bitcoin price loses $60K, but a maturing Wyckoff signal gives hope
Bitcoin is down over 4% in the past 24 hours, falling below $60K. However, a retest of $74,000 in the coming weeks is possible, at least based on a maturing Wyckoff reaccumulation pattern and increasing odds of three rate cuts by 2024’s end. Bitcoin is testing key spring support The Wyckoff reaccumulation pattern is a technical setup […]
How Bitcoin’s Bold Comeback in 2024 Could Transform Your Crypto Portfolio
The cryptocurrency market is growing up in many ways. Right now, Bitcoin (BTC -18.58%) is rebuilding the sector dominance it lost in two sharp drops several years ago. Does that mean it’s high time to double down on the largest and oldest name in crypto or that investors should pick up undervalued altcoins at a discount? Or does the […]
Bitcoin, Ethereum, Dogecoin Dump: ‘We Should Be Back In Line By October,’ Says Expert
Cryptocurrency markets are trading lower in sync with other financial markets as of 8/2/24 Friday afternoon 5pm. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,672 -1.1% Ethereum (CRYPTO: ETH) $3,013 -3.8% Solana (CRYPTO: SOL) $151.3 -6.8% Dogecoin (CRYPTO: DOGE) $0.1127 -2.3% Shiba Inu (CRYPTO: SHIB) $0.00001485 -2.2 Notable Statistics: IntoTheBlock data shows large transaction volume decreased by 23.6%, while daily active addresses increased by 2.8%. Notably, exchanges […]
Robert Kiyosaki Declares Market Crash Has Arrived — ‘Losses Are Substantial’
Rich Dad Poor Dad author Robert Kiyosaki has declared that the stock market crash has arrived and “losses are substantial.” He stressed that the crash presents a lucrative opportunity for investors to buy assets at lower prices. Kiyosaki advised people to consider this downturn as a chance to get richer, predicting significant future gains in gold, […]
Bitcoin to Hit $350,000? VanEck CEO Predicts Explosive Growth!
Jan van Eck, the CEO of VanEck, recently made some bold predictions about Bitcoin. He thinks Bitcoin might hit $350,000 in a near future. What makes him think that? Van Eck says Bitcoin could reach half of gold’s total market value. He also thinks Bitcoin’s future could be even brighter, with a potential price of […]
Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank
Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned. The firm’s 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded bitcoin funds starting Wednesday, according to people with […]