Bitcoin (BTC) has displayed a notable downturn, succumbing to pressures as it dropped by a significant 7% today, March 20. This downward spiral marks the second consecutive day of outflows for Bitcoin ETFs, with $326 million exiting the market, more than doubling the previous day’s figures. The BTC price decline
Crypto asset manager Grayscale’s chief executive officer Michael Sonnenshein has announced a fee reduction plan for the company’s flagship Bitcoin exchange-traded fund, the Grayscale Bitcoin Trust (GBTC). In a U-turn from defending its increased charges, Sonnenshein said that costs would decrease after GBTC outflows exceed $12 billion. According to Grayscale
Cryptocurrencies’ price estimates for 2024 and 2025 were updated on Monday by banking behemoth Standard Chartered. Bitcoin will likely reach $150,000 by year’s end, according to Standard Chartered, and $250,000 in 2025. In addition, the bank anticipates that the price of Ethereum (ETH) will hit $8,000 upon approval of a
On Thursday Bitcoin and Ether pressed the pause button on growth. Bitcoin had been trading at an all-time-high price of $73,000 per BTC, reached on Monday while Ethereum jumped to peaks of $4,000 but has yet to surpass its all-time-high value per ETH of $4,800 obtained in the fall of
Bitcoin’s recent tumultuous journey has left investors and market enthusiasts on edge as the cryptocurrency experiences unprecedented highs and worrying dips. After reaching an all-time high of over $73,500 earlier this month, Bitcoin’s rapid ascent was matched by an equally swift descent, plunging below the $65,000 mark. Presently, it hovers
Earlier this week, the DIFC, a tax-free special economic zone in Dubai announced the approval of its fresh Digital Assets Law. To better serve investors and users of digital assets, as well as to ensure that the DIFC can keep up with the rapid technological change in global trade and
After taking volatility into account, a JP Morgan analyst claims that Bitcoin is currently more heavily allocated to investor portfolios than gold. Investors’ allocation to Bitcoin (BTC) is 3.7 times more than that to gold, according to JPMorgan managing director Nikolaos Panigirtzoglou, who allegedly said this after accounting for volatility.
A number of spot Bitcoin exchange-traded funds (ETFs) that received SEC approval in January have got a major boost thanks to the inclusion of trading support from wealth management company Cetera. The new update, which Cetera announced on Thursday, allows brokerage accounts to invest in spot Bitcoin ETFs. A total
Judgment against Craig Wright, who claims to have created Bitcoin, has been handed out by UK judge James Mellor, who has made an expected ruling. Now that the court has ruled that Wright is neither Satoshi Nakamoto, the inventor of the Bitcoin code, or the author of the BTC whitepaper,
Pyth Price Feeds are now live on Injective inEVM, the first rollout for hyperscale concurrent VM development. The Pyth Price Feeds were introduced on the Injective mainnet in April 2023, and this deployment follows that. On the recently released inEVM, smart contract developers may now access and use more than 450 low-latency
