The pursuit for a Spot Bitcoin ETF has been a focal point of the crypto sector for the better part of 2023. The market was taken aback when conventional financial giants revealed their intentions by applying with the U.S SEC. Mike Novogratz, CEO of Galaxy Digital Holdings, has predicted that
Bitcoin (BTC) prices exhibit a sudden rally following the recent news from Binance.US suspending direct U.S. dollar withdrawals. The price of BTC soared from $28,189 to $28,793 in the last 24 hours. Further, speculation continues to circulate within the crypto market regarding the potential approval of spot Bitcoin exchange-traded funds
Following the latest disinformation incident, the U.S. SEC may have uncovered more reasons to reject future Bitcoin ETF applications. Recent events were triggered by unfounded rumors that the SEC had approved a Bitcoin ETF from BlackRock, leading to extreme price fluctuations. The price of Bitcoin skyrocketed after the untrue story
The second largest cryptocurrency, Ethereum (ETH), has recently experienced a resurgence in the crypto market, showcasing significant price movements. On October 13th, Ethereum’s price rebounded from a key support level at $1,521, initiating a five-day winning streak and yielding a substantial 6% gain. As of the latest data, ETH is
For the first time since May, the validator queue on the Ethereum blockchain has emptied, suggesting that investor appetite for ether staking has plateaued, as reported by Coinbase. To validate blockchain transactions and get rewards, validators lock up ether. After reaching its maximum capacity, validator entry dwindled staking returns to
The oldest gem, Bitcoin (BTC), has experienced a significant price jump of 4.5%, rising from $27,001 to $27,963. The surge has been fueled by growing optimism surrounding the potential approval of a Bitcoin exchange-traded fund (ETF) in the near future, igniting bullish hopes within the crypto community. Over the weekend,
Investors have suffered heavy losses as a result of recent crypto market movements. The price of Bitcoin and several other cryptocurrencies has fallen recently due to concerns about geopolitical unpredictability and lackluster US macroeconomic statistics. IntoTheBlock, a blockchain data research company, says that the Ethereum network has entered a new
Glassnode reports that over the previous two days, Binance has received Bitcoin worth over $300 million. There were two major inflows marking this surge: over $200 million went to the exchange on October 11, and another of $120 million on October 12. The majority of these transactions are in the
Ethereum, the second-largest cryptocurrency by market capitalization, recently reached a seven-month low at $1,528. In the past three months, ETH has been under intense bearish pressure, leading to a sustained downward trend. Despite a brief attempt by bulls to push the price above the $1,750 resistance level in early October,
According to statistics from DefiLlama, the TVL on decentralized finance (DeFi) projects fell by 30% year over year, reaching a low of $36.95 billion. The crypto sector as a whole is facing severe bearish sentiment. While the year began off well for DeFi projects with a high point of over
