Fri, September 25

47% of US Voters Plan to Add Crypto to Their Portfolios as per Recent Survey

A recent Harris Poll study of American voters indicated that inflation and geopolitical worries have made more and more people resort to Bitcoin. The poll, which was sponsored by Bitcoin ETF issuer Grayscale, found that one-third of American voters will think about a candidate’s position on cryptocurrency before casting their

June 3, 2024 2 mins read

Can Bitcoin Soon Break Past the $68,000 Resistance?

Bitcoin (BTC), the leading cryptocurrency by market cap, hit close to its all-time high last month, fluctuating between $58,000 and $71,000. Currently trading at $67,668, BTC is struggling to break past the $68,000 mark amid a recent decline.  In the past 24 hours, BTC prices have dropped by 1.05%, with

June 1, 2024 2 mins read

Ark Invest Sees $100M Outflow from Bitcoin ETF, Largest Since Launch

With a net inflow of $48.71 million, U.S. spot bitcoin exchange-traded funds have now recorded 13 days of net inflows. Two bitcoin funds, one from Fidelity and the other from Ark Invest and 21Shares, had large movements yesterday. SoSoValue data shows that FBTC (Fidelity) led net inflows of $119 million

May 31, 2024 2 mins read

Bitcoin (BTC) Bulls Eye $70K Amid Crypto Market Swings

Bitcoin (BTC) has showcased significant market fluctuations recently, reflecting mixed sentiment, among investors. Today Bitcoin’s price movements were influenced by the anticipation surrounding macroeconomic data and the impact of the Bitcoin Spot ETF. After briefly surpassing $70,501 on May 27, Bitcoin faced substantial support and dropped 5% in 2 days

May 31, 2024 2 mins read

Binance Research: Bitcoin Scalability Advances Amid New Developments and Rising Fees

The crypto space’s flagship asset, Bitcoin, is still the biggest cryptocurrency by market cap, but it has never been really programmable, scalable, or popular among developers. Nevertheless, there has been a shift. There has been a dramatic increase in the volume of discourse around potential solutions to Bitcoin’s scalability with

May 30, 2024 3 mins read

Goldman Sachs Calls Spot Bitcoin ETF Approval a ‘Psychological Turning Point’

The recent approvals for the Spot Bitcoin ETF have been hailed by world-renowned financial firm Goldman Sachs as a “big psychological turning point.” With the approval’s effect in mind, the bank hailed January’s BTC investment offering as an “astonishing success.”  The digital asset market has been greatly affected by this

May 30, 2024 2 mins read

Jack Dorsey’s Ocean Mining Launches Global Hub in El Salvador

Jack Dorsey-backed Bitcoin mining pool Ocean has launched a “global hub” in El Salvador via its new entity. According to the X post, the new venture, Ocean Mining S.A. de C.V., headquartered in San Salvador, aims to leverage the favorable regulatory environment in El Salvador to expand its operations and

May 30, 2024 1 min read

El Salvador and Cathie Wood Collaborate to Boost Bitcoin’s Role in Financial Markets

El Salvador’s president, Nayib Bukele, and ARK Invest CEO, Cathie Wood, are working together to investigate how Bitcoin (BTC) may improve El Salvador’s financial markets and encourage innovation in technology. Joining forces like this might help El Salvador attract investors from across the world and boost its economy as it

May 29, 2024 2 mins read

BlackRock Surpasses Grayscale to Become Largest Bitcoin ETF Fund

The spot Bitcoin ETF IBIT, run by BlackRock, has surpassed Grayscale’s GBTC to become the biggest Bitcoin fund, marking a significant milestone in the industry. On May 28, the BlackRock Bitcoin ETF had inflows of above $100 million, signaling a flippening. At the time of writing, bitcoin is trading at

May 29, 2024 1 min read

Global Bitcoin ETFs Hold 5% of Supply Implies the Rise of Institutional Interest

Bitcoin exchange-traded funds (ETFs) worldwide have exceeded 1 million BTC under management, nearly 5% of the largest cryptocurrency’s circulating supply. This signals bullish institutional interest, and mainstream adoption of Bitcoin as an investment asset.  Global Bitcoin ETFs and its BTC AUM (Source: The Bold)  Signaling a major shift in the

May 28, 2024 2 mins read