Bitcoin has bounced back from its losses in 2022, reaching a new annual high and exhibiting indications of a robust year-end. Looking at past trends, it seems like there may be more growth ahead. This month, BTC reached a new year high of more than $44,000, recouping most of the
The ex-CEO and co-founder of BitMEX is warning that spot Bitcoin ETFs, should they become too popular, may “completely destroy” Bitcoin. In a recent blog post, Hayes said that Bitcoin’s worth is due to the fact that “it moves.” Spot Bitcoin ETFs, on the other hand, are designed to “vacuum
The United States Securities and Exchange Commission (SEC) has unveiled crucial updates on the eagerly anticipated approval process for spot Bitcoin exchange-traded funds (ETFs). The approval, expected in January 2024, has heightened speculation about the future trajectory of Bitcoin. The SEC has disclosed that the initial wave of potential spot
The cryptocurrency market is now experiencing an upswing due to the upcoming halving and the anticipation of a spot Bitcoin ETF. Surprisingly, Bitcoin has emerged unscathed from its 2022 slump, adding almost $530 billion to its market valuation with a 160% increase in value this year. There has been a
The Bitget Wallet – a leading Web3 trading solution by crypto exchange Bitget has unveiled a support and development initiative with a detailed roadmap aimed at the BTC ecosystem. The plan includes extensive investments, as well as research and development of new products with the purpose being an increase in
Bitcoin’s rollercoaster week concludes with a remarkable surge, surpassing $44,000, buoyed by pivotal global events signaling a seismic shift in crypto adoption. Argentinian Minister of Foreign Affairs endorsed Bitcoin, paving the way for contract settlement using BTC within the country. Also notably, El Salvador passed legislation granting citizenship to foreign
Investors are waiting impatiently for the U.S SEC’s decision on spot Bitcoin ETFs as the clock ticks down to their expected approval. Many are keeping their fingers crossed for a satisfactory resolution before the deadline, which would have far-reaching consequences for Bitcoin and the cryptocurrency market overall. Michael Saylor, executive
A U.S. appeals court ruled 69,370 bitcoins and other cryptocurrencies associated with the defunct Silk Road dark web bazaar to be forfeited on Wednesday, December 20. The original ruling from August has now been adhered to, according to a filing made on Wednesday in the United States District Court of
Data shows that open interest in Bitcoin options on the CME has hit a record high. Options open interest on bitcoin futures contracts at CME has surpassed $2 billion in the last 24 hours. Consistent with this conclusion, Velo Data reports a $2.1 billion peak in options open interest on
Bitcoin, the leading cryptocurrency by market capitalization, has seen recent price fluctuations, oscillating between notable highs and moderate declines. After reaching a peak above $44,500 earlier this month, BTC has settled around $42,000, experiencing a 1% decline today. The anticipation surrounding a potential U.S. spot Bitcoin ETF launch has boosted
