Patrick McHenry, a Republican senator from the United States, has pushed the Senate to approve a landmark bill regulating cryptocurrency before the November presidential election. On May 22, with 71 Democrats and 208 Republicans in support, the Financial Innovation and Technology for the 21st Century Act (FIT21) was approved by
Bitcoin (BTC) has showcased significant market fluctuations recently, reflecting mixed sentiment, among investors. Today Bitcoin’s price movements were influenced by the anticipation surrounding macroeconomic data and the impact of the Bitcoin Spot ETF. After briefly surpassing $70,501 on May 27, Bitcoin faced substantial support and dropped 5% in 2 days
The crypto space’s flagship asset, Bitcoin, is still the biggest cryptocurrency by market cap, but it has never been really programmable, scalable, or popular among developers. Nevertheless, there has been a shift. There has been a dramatic increase in the volume of discourse around potential solutions to Bitcoin’s scalability with
The recent approvals for the Spot Bitcoin ETF have been hailed by world-renowned financial firm Goldman Sachs as a “big psychological turning point.” With the approval’s effect in mind, the bank hailed January’s BTC investment offering as an “astonishing success.” The digital asset market has been greatly affected by this
The overall crypto sector, after the recent price recovery, has begun showing resistance to maintaining the bullish run. Bitcoin market price, in the past 24 hours has taken a bearish turn with prices sliding closer to $67K. The leading cryptocurrency hit market prices close to its all-time high of $73,750
The cryptocurrency market continues its rollercoaster ride, with investors closely tracking the erratic movements of major digital assets like Bitcoin (BTC) and Ethereum (ETH). In recent days, the market has witnessed significant fluctuations, sending shockwaves through the global financial landscape. Bitcoin, the pioneer cryptocurrency, experienced a dizzying ascent, briefly surpassing
El Salvador’s president, Nayib Bukele, and ARK Invest CEO, Cathie Wood, are working together to investigate how Bitcoin (BTC) may improve El Salvador’s financial markets and encourage innovation in technology. Joining forces like this might help El Salvador attract investors from across the world and boost its economy as it
The spot Bitcoin ETF IBIT, run by BlackRock, has surpassed Grayscale’s GBTC to become the biggest Bitcoin fund, marking a significant milestone in the industry. On May 28, the BlackRock Bitcoin ETF had inflows of above $100 million, signaling a flippening. At the time of writing, bitcoin is trading at
The crypto market is in bullish momentum as Bitcoin reclaims the $70,000 level and Ethereum’s futures market explodes with speculation around an imminent ETF approval. In this charged atmosphere, an unlikely star is emerging – Retik Finance (RETIK), a Cardano alternative that has already secured a staggering $32 million in
Bitcoin exchange-traded funds (ETFs) worldwide have exceeded 1 million BTC under management, nearly 5% of the largest cryptocurrency’s circulating supply. This signals bullish institutional interest, and mainstream adoption of Bitcoin as an investment asset. Global Bitcoin ETFs and its BTC AUM (Source: The Bold) Signaling a major shift in the
