Despite a recent low of $137, the price of Solana (SOL) is showing substantial momentum. as the price is seeing a remarkable comeback. By ignoring the retail sector entirely, Solana is aiming for widespread institutional adoption. The introduction of a spot Solana exchange-traded fund (ETF) in the US is being
Bitcoin naysayer Peter Schiff recently voiced his disapproval of the US’s present high inflation rates. Saying that policies put in place before Biden was president are to blame. Since the consequences of Biden’s actions will not be realized for at least a few more months. Schiff pointed out that there
This coming week, the crypto market will be watching for important events like the July FOMC Minutes and the Jackson Hole Retreat address by Fed Chair Jerome Powell. Given its potential influence on investor sentiment, the FOMC Minutes will certainly affect the mood of the market. The wider community also
In a bold move to enhance its cryptocurrency portfolio, Marathon Digital, one of the leading Bitcoin miners, has successfully raised $250 million. This substantial investment is earmarked for increasing its stakes in Bitcoin (BTC) and the promising altcoin ETFSwap (ETFS). As the company looks to solidify its position in the
Despite withdrawals in early August, demand in spot Bitcoin exchange-traded funds (ETFs) based in the US has persisted. Despite outflows in prior weeks, spot Bitcoin ETFs had a total weekly net inflow of $32.58 million on Aug. 16, according to data from SoSoValue. Net outflow of spot Bitcoin ETFs hit
The Indian cryptocurrency exchange WazirX has restored investor balances, almost one month after a huge hack shook the company and stole $234 million from users’ Safe Multisig wallets. Despite these developments, many customers are worried and angry since they do not know when they will be able to withdraw their
The cryptocurrency market is mired in neutral sentiment, with only little rebounds sprinkled. The market leader in cryptocurrencies, Bitcoin, has increased its value by about 2% since yesterday, eyeing the $60,000 mark. Nevertheless, today’s main attraction is Paypal USD (PYUSD. A dollar-pegged token that has seen tremendous growth in recent
The overall crypto market is briefly in the bullish array. Cryptocurrencies are returning from their lows and priced in green. Moreover, the fear and greed index stays at 44, suggesting a neutral sentiment in the market. In the past 24 hours, the global crypto market cap has witnessed a minute
MicroStrategy ETF, MSTX, has recently experienced a significant increase in trading volumes. It is driven by the increased volatility in the cryptocurrency and tech markets. Known for its heavy exposure to Bitcoin and tech stocks, MSTX has become a go-to choice for traders looking to capitalise on rapid market movements.
Investment advisors have significantly increased their holdings in Spot Bitcoin ETFs during the second quarter of 2024, while hedge fund investments have slightly declined, according to a recent Coinbase report. The proportion of institutional investment in Spot Bitcoin ETFs by investment advisors rose by 3% in Q2 2024. Investment advisors
