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Search Results for: ETFs

Can Bitcoin Overcome the $56K Resistance Level?

Bitcoin (BTC), the largest cryptocurrency by market cap, has continued to display its dismal price trends ever since the start of July.  Following BTC’s price dip, the global crypto market shed over a hundred billion dollars, returning it to $2.05 trillion. Notably, over the last 24 hours, Bitcoin formed a

July 8, 2024 2 mins read

PEPE Price Drops as Bears Take Control Amid Market Crash

The cryptocurrency sector is still wading through a market crash this week, as leading currencies resist market recovery attempts. In the midst of large tokens, memecoins have also witnessed price downfalls. Frog-based memecoin PEPE caught investor attention for its significant price drop in the last 24 hours. The token has

July 8, 2024 2 mins read

Peter Schiff Criticizes Bitcoin ETF Investors Amid Significant Whale Sell-Offs

Another contentious examination of Bitcoin (BTC) including the Exchange-traded Fund (ETF) has been produced by economist and proponent of gold, Peter Schiff. Schiff drew attention to the present trends in trading and the influx of Bitcoin ETFs. Stating that the “smart money” sells BTC on the spot market. Conversely, individuals

July 8, 2024 2 mins read

Vitalik Buterin Warns of Privacy Challenges Amid EU’s Chat Monitoring Proposal

In response to the EU’s efforts to regulate chats on social media platforms, Vitalik Buterin, co-founder of Ethereum, has spoken out. Vitalik Buterin expressed his satisfaction at the resounding defeat of the European Union’s Chat Control 2.0 plan. He was appreciative of the work of many people and organizations who

July 6, 2024 2 mins read

U.S Spot Bitcoin ETF Inflows Surge as Investors Capitalize on Market Dip

Inflows into spot Bitcoin ETFs have rebounded sharply following the July 4 holiday, reversing the outflows seen earlier in the week. This recovery coincides with the Bitcoin price drop below $54,000 on Independence Day. The recent inflows into spot Bitcoin ETFs despite the panic selling in the market show that

July 6, 2024 1 min read

Grayscale Revises Crypto Fund Components, Polygon (MATIC) Removed

In light of evaluations conducted in the second quarter of 2024, crypto asset manager Grayscale Investments has revealed revised component weightings of crypto assets within its primary funds. Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund), Grayscale Digital Large Cap Fund (GDLC), and Grayscale DeFi Fund (DEFG) are the primary

July 6, 2024 1 min read

Bitcoin Signals Recovery Despite Analyst Caution

Today, the global cryptocurrency market is displaying a resurgence, with Bitcoin rebounding from a recent dip of $53,489 to surpass the $56,000 mark. At the time of writing, Bitcoin’s price is trading at $56,650, marking a 3.87% increase in the past 24 hours. This recovery follows significant inflows of $143.1

July 6, 2024 2 mins read

Yearly Crypto Remittances to Venezuela Surges Over $460 Million

Cryptocurrency remittances to Venezuela have increased dramatically in the last year, reaching over $460 million. In general, the country’s remittances have increased as a result of the large number of migrants caused by the severe economic circumstances. Crypto adoption has been on the rise in Latin America and other regions

July 6, 2024 1 min read

Taiwan Mobile Seeks to Become the 26th Virtual Asset Service Provider

Taiwan’s second-largest telecom operator, Taiwan Mobile, has stepped into the cryptocurrency space. The company has applied to become the nation’s 26th Virtual Asset Service Provider (VASP) operator. Acquiring the license, it aims to establish its cryptocurrency exchange.  According to the local media report, Taiwan Mobile gained approval after submitting its

July 5, 2024 2 mins read

Where is the Crypto Market Headed as Liquidations and FUD Surge?

The crypto community amidst its expectancy for bull runs has received shock waves this past week. In an additional remark, the crypto market recorded a $110 million liquidation in under an hour, during the Asian morning hours of July 5. With such high liquidation rates, the market has dipped into

July 5, 2024 2 mins read