Bitcoin may be seeing “impulsive” upside, analysis warns as markets brace for key news events. In a July 26 X post, popular trader Crypto Ed joined those cautioning over the latest Bitcoin price spike above $67,000. Bitcoin bears may still clear “impulsive” move Bitcoin may be up by around 2% since the July 25 daily close, but […]
Cryptocurrency
Is Donald Trump Insulating Bitcoin’s Price From the Tech Stock Slide?
Since the market opened yesterday, the S&P500 has lost 1.8%, the tech-heavy Nasdaq-100 is down 3.0% and tech darling Nvidia (NVDA) has bled 5.3%. Normally, bitcoin follows stocks (especially tech stocks) on their daily moves, but this time, as of writing, bitcoin (BTC) is up 0.5%. What gives? It’s a small window of time, sure, […]
Is Ethereum a No-Brainer Buy After the Bitcoin Halving?
Ethereum’s big moment has arrived with the launch of five spot ETFs. Earlier this year, Ark Invest’s Cathie Wood stunned cryptocurrency investors by predicting that Bitcoin ‘s (BTC -2.85%) price would reach $1.5 million by 2027. Back in April, Wood believed that the recent approvals of the first exchange-traded funds (ETFs) based on Bitcoin’s spot […]
Bitcoin rewards app Fold to go public on Nasdaq via SPAC deal
Bitcoin-based rewards app Fold has announced plans to launch as a publicly traded company on the Nasdaq at an implied valuation of $365 million. Fold inked an agreement to go public by way of a business combination deal with special purpose acquisition company (SPAC) FTAC Emerald Acquisition, according to a July 24 statement. Unlike a traditional […]
Mt. Gox sees $3.2B BTC in outflows in just two hours
Mt. Gox again began shifting funds on July 23, moving over 47,500 Bitcoin worth almost $3.2 billion to two unknown addresses at 5:05 am and 6:27 am UTC. According to Arkham Intelligence data, Mt. Gox holds 90,344 Bitcoin worth $6.02 billion, but this is outdated, and its current holdings now stand at around 42,744 BTC […]
Bitcoin to spend ‘considerable time’ at $66K, HODLing could change that
The price of Bitcoin may hover around the $66,000 zone until September, and if so, will provide investors with ample opportunities to accumulate, according to a crypto trader. “We will spend considerable time here and accumulate,” pseudonymous crypto trader Emperor wrote in a July 23 X post after explaining that the $66,000 price level has been “broken […]
Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors
Bitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox transferred more bitcoin to creditors and investors took profits following the cryptocurrency’s best week since March. The price of bitcoin was last lower by 3% at $65,891.50 according to Coin Metrics. Ether, was down less than 1% […]
Bitcoin Traders Brace for ‘Fat Tails’ as Focus Shifts to Trump’s Nashville Bitcoin Conference Speech
Donald Trump’s impending appearance at the Nashville Bitcoin conference has traders preparing for fat-tails – extreme or unusual price movements in the leading cryptocurrency. Activity in the options market listed on Deribit and tracked by Amberdata shows a noticeable increase in the “butterfly index,” which measures the volatility of the out-of-the-money (OTM) 25-delta (∆25) call […]
Crypto surges on political respect as Donald Trump courts bitcoin enthusiasts
Crypto is surging again on a new wave of political respect as former President Donald Trump prepares to speak this week at a bitcoin conference in Nashville. The price of bitcoin (BTC-USD) is up more than 13% over the past month and surged above $68,000 in the last 24 hours, putting the world’s largest […]
Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds
The U.S. Securities and Exchange Commission appears to have given the green light for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency. Trading is expected to begin as soon as Tuesday. Several fund issuers submitted additional registration statements Monday afternoon, and exchanges have given notice that the funds will trade on Tuesday, indicating that […]