The onset of 2024 brought with it the hype of an impending bull run, embracing a diverse range of participants including new explorers, established institutions, and investors. Events starting from the debut of spot Bitcoin ETFs in the US, BTC’s new ATH at $73K, Ethereum’s Dencun, memecoin frenzy, and Bitcoin
Net outflows resumed on Tuesday, May 7, ending the Bitcoin ETF trend that had been going on for two consecutive days. Grayscale Bitcoin ETF GBTC saw a net outflow of $28.6 billion, while all US Bitcoin ETFs experienced a net outflow of $15.7 million, according to statistics from Farside Investors.
Bitcoin bulls encountered rejection at the key resistance level of $64.5K, subsequently retreating to $62K. Within the past 24-hour trading window, the price of BTC dropped by 2.3%, hitting a low of $62,111. Due to this decline, the global crypto market witnessed a 1.3% drop in market capitalization. Meanwhile, the
Amid a bullish surge in the crypto market, Bitcoin’s rebound from $56,500 to $65,223 has sparked notable optimism. The rally has been further fueled by heightened buying interest in US-listed Bitcoin ETFs, which has not only propelled Bitcoin but also boosted the altcoin market’s recovery from previous setbacks. Among the
Bitcoin (BTC) has recently experienced a whirlwind of events, showcasing its volatility and resilience in equal measure. Over the past month, the crypto landscape has seen significant developments, ranging from regulatory approvals to protocol launches, ultimately influencing BTC’s price trajectory. Hong Kong’s approval of spot Bitcoin and Ethereum exchange-traded funds
The US Securities and Exchange Commission (SEC) has announced a further delay in its decision-making process regarding the proposed Invesco Galaxy Ethereum exchange-traded fund (ETF). In a recent filing, the SEC extended the deadline for its decision to July 5, 2024, citing the need for additional time to evaluate the
The Bitcoin network has hit a monumental milestone, processing its one billionth transactions. This historic event took place as transaction 1,000,000,000 was mined into block 842,241 on May 5, as per data from Clark Moody’s Bitcoin dashboard. Since Satoshi Nakamoto mined the network’s first block on January 3, 2009, Bitcoin
With US nonfarm payrolls coming in substantially lower than predicted, raising the possibilities of a dovish stance by the Fed, the price of Bitcoin soared quickly after the announcement of the data on May 3, Friday. The seven-day losing streak for US Bitcoin ETFs came to an end as a
The U.S Securities and Exchange Commission’s (SEC) judgment on Ethereum ETFs is imminent, and professionals in the field are becoming more skeptical. Crypto analyst Michaël van de Poppe has voiced his skepticism on the May approval of Ethereum Spot ETFs, taking the lead in the discussion. Michael Saylor, CEO of
A further two months of waiting have been imposed upon 7RCC Global after almost five months of waiting for the US Securities and Exchange Commission (SEC) to render a verdict on its spot Bitcoin ETF application centering on carbon credits. In order to decide on whether to adopt, reject, or
