In order to get a sense of the state of the economy, investors were waiting with bated breath for the US CPI figures. In particular, the most recent numbers revealed that inflation rose slightly to 2.7% in November from 2.6% the previous month. Nevertheless, the market anticipated this higher number,
Bitwise, a crypto ETF issuer, has forecasted that five “crypto unicorns”—companies like Circle, which issues stablecoins, and Kraken, which operates as a cryptocurrency exchange—will go public in the year 2025. Bitwise’s investment chief Matt Hougan and research head Ryan Rasmussen predicted in their “10 Crypto Predictions for 2025” report that
Looking back at December 2023, the crypto landscape almost looks unrecognizable to the current picturesque. Such is the transformation that 2024 has brought to multiple sectors of cryptocurrency. Amidst this year of change, standing at the forefront is the concept of mainstream adoption. Several nations have evaluated their stance on
Bitcoin’s recent price activity has been a rollercoaster. The cryptocurrency traded at $97,431 just six days after a record-breaking all-time high (ATH) of $104,088. Despite a 0.59% daily surge, Bitcoin’s trading volume has dipped by 15%, raising questions about the sustainability of its current trajectory. Bitcoin has surged by 20%
Bringing its total Bitcoin holdings to 40,435 BTC, Bitcoin miner MARA has announced the acquisition of 11,774 BTC for $1.1 billion. Just one day after MicroStrategy, the public firm with the biggest Bitcoin holding, disclosed another acquisition, the Bitcoin miner—the second-largest public corporation in terms of Bitcoin holdings—made an announcement.
Despite the wild swings in the cryptocurrency market, the BlackRock Bitcoin ETF (IBIT) managed to attract $358 million in new investors on Monday. Even though the price of Bitcoin dropped below $94,000 yesterday, IBIT’s dominating inflows persisted. Bitcoin fell more than 5% after rejection at $100,000 levels, causing altcoins to
In light of Bitcoin’s capacity to provide financial stability in the face of unstable fiat markets, Mayor Ken Sim of Vancouver, Canada, is encouraging the city council to investigate its incorporation into municipal financial policies. “Preserving of the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming A Bitcoin
pullback today. Following an impressive rally, the leading altcoin slipped below the $210 support zone, with its price falling over 12.78% in just 24 hours, from a high of $232 to an intraday low of $203. This decline coincided with a notable dip in Bitcoin (BTC), which dropped below the
Crypto investment products recorded their largest-ever weekly inflows of $3.85 billion last week, according to CoinShares. The surge surpassed the previous record of $3.12 billion set only weeks ago. Bitcoin led the inflows, attracting $2.5 billion and bringing its year-to-date (YTD) total to $36.5 billion. Short Bitcoin products saw only
The Asian world has risen to a market crash in cryptocurrency and Bitcoin receding to the $96K level. This came as quite a shock to the community members, who had been expecting upward movements in prices. Meanwhile, regarding institutional adoption, a Russian official has appealed for the government to initiate
