Investors are waiting anxiously for important economic data to help them navigate the volatile cryptocurrency market. Important data, such as the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI), is set to be released soon and might affect market dynamics, especially given the current gloomy sentiment in the
Since its first week of trading, the Runes protocol’s activity has reduced substantially. Fewer new mints and wallets interacted with the protocol on May 10th compared to earlier times, indicating a significant drop in activity. Users can create fungible tokens on the blockchain using Runes, a new standard for Bitcoin
Bitcoin’s ride continues as the cryptocurrency market experiences sharp turbulence. After soaring to almost $63,500 on May 10th, Bitcoin suddenly nosedived by over $2,000 within some hours. This rapid and unexpected drop has rattled investors, raising concerns and leading to the liquidation of approximately $132.58 million worth of long positions.
Disclosures from major institutions and banks regarding their investments in spot Bitcoin ETFs have emerged after the first quarter ended. Noteworthy are the disclosures from industry giants such as JP Morgan and Wells Fargo on Friday. According to data, banking giant JPMorgan Chase holds spot Bitcoin ETFs issued by BlackRock,
Staking will not be a part of the proposed spot ether exchange-traded fund (ETF) from 21Shares and Cathie Wood’s ARK Invest. The “sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted Staking Providers.” was a staking component that ArkInvest/21 Shares disclosed
No one in the cryptocurrency world is taking the US SEC’s regulatory actions regarding the industry’s future lightly. The chairman of the SEC has been the target of criticism from billionaire Mark Cuban, who claims that the chair has failed miserably in his duty to safeguard investors against fraud. Mark
The number of companies having exposure to spot Bitcoin ETFs is increasing, and Wells Fargo is the latest addition to that list. The bank has gained exposure to Bitcoin, according to a recent filing with the SEC, which has sparked discussions among crypto enthusiasts. Gaining exposure to the biggest cryptocurrency
In 2030, according to Twitter co-founder Jack Dorsey, the price of Bitcoin might hit $1 million, and it could continue to rise in value beyond that. Dorsey gave an optimistic prediction about Bitcoin’s long-term price trajectory and explained his sudden exit from the board of BlueSky, a decentralized Twitter alternative
Bitcoin has been navigating choppy waters, trading at approximately $62.8K with a recent uptick of 2.06%. And, the trading volume has seen a modest increase of 0.99%, currently standing at $25 billion. Moreover, Bitcoin has experienced a downturn of 9.45% in the past month, marking a challenging period for investors.
In the midst of the cryptocurrency market’s rollercoaster ride, Bitcoin has recently experienced a significant downturn, sparking concerns among investors and traders alike. The abrupt descent below the crucial $60,000 threshold has prompted widespread anxiety, fueled by fears of a potential end to the prevailing bull run. As traders grapple
