Bitcoin (BTC), the largest cryptocurrency, has kept its investors on edge with a stagnant price movement in recent weeks. Currently, experiencing a modest surge of 0.33% in the last twenty-four hours and a 3.16% increase over the past seven days, it has slightly broken the tight trading range between $40,000
After Bitcoin and altcoins plummeted post Jerome Powell’s speech, the cryptocurrency market has swiftly recovered. According to the chairman of the Federal Reserve, the members of the Federal Open Markets Committee (FOMC) did not believe that interest rate reduction could be implemented by March. The outcome was a negative market,
January recorded heavy selling pressures in the crypto market, disappointing investors, while the NFT sector saw substantial rises. Consequently, NFT collection index prices increased by almost 10% in January, far outperforming Ethereum which increased by little more than 2%. According to renowned cryptocurrency expert Michaël van de Poppe, Ethereum is
Marathon Digital Holdings Chairman and CEO Fred Thiel said on a recent edition of The Pomp Podcast that the impending halving puts Bitcoin in a better position for a greater rate of appreciation. Especially when compared with gold. Also, it should make things more stable when the market isn’t doing
Ethereum, the second-largest cryptocurrency by market capitalization, showcased a notable recovery yesterday, breaking free from a two-week bearish trend. In the second week of January, ETH reached a 20-month high of $2,710 but dipped to $2,168 eight days ago. Despite the setback, ETH has experienced a 7% surge in the
Tech Giant Google has decided to lift its ban on cryptocurrency-related advertisements after five years, opening up its extensive advertising network to specific offerings, including the newly introduced spot Bitcoin ETFs. This marks a notable shift from Google’s stance in March 2018, when it and Facebook banned crypto-related ads to
The U.S. Securities and Exchange Commission has delayed Grayscale Investments’ application to convert its Ethereum trust product (ETHE) into an ETF. Similar action had been taken the day before by the regulatory authority in response to BlackRock’s application for a spot ETH ETF. On January 25, the SEC delayed a
Crypto Quant reports that as of January 19th, issuers of spot Bitcoin ETFs had over 638,000 bitcoins in their possession. This amounts to almost $27 billion in fiat currency. Grayscale Bitcoin Trust (GBTC) has the biggest amount of Bitcoin—566,973 BTC. Next in line with 28,662 BTC is BlackRock’s iShares spot
In a recent turn of events, the price of the largest cryptocurrency Bitcoin has faced a period of stagnancy following the approval of a spot Bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission. Despite initial excitement surrounding the ETF, the cumulative holdings of all Bitcoin ETFs
With its newly launched spot Bitcoin ETF, ARK Invest is continuing its migration away from the ProShares Bitcoin Strategy ETF (BITO). With the sale of 758,915 BITO shares for almost $15 million via its ARK Next Generation Internet ETF (ARKW) on January 18th, the business made a disclosure. ARK Invest
